H.4.1 Factors Affecting Reserve Balances of Depository Institutions

». . /*—* «#Sf»al FEDERAL RESERVE These data are scheduled for release each Thursday. The exact time of each BteaiHrwilk&MafiiailiAed, when the information is available, on (202) 452-3206. 4jLRE^> H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks May 18, 1989 Averages of daily figures (millions of dollars) RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt FF..RR BBaannkkss,, RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss WWeeeekk eennddeedd Change from week ended Wednesday ttttaayy 1177.. 11998899 May 10, 1989 May 18, 1988 May 17, 1989 269,791 - 10,070 + 18,515 263,081 ReUse.Sr.v eg oBvaenrkn mcerendt it:s e1 c2 urities- Bought outright—system account 232,688 - 1,435 + 9,565 233,232 Held under repurchase agreements 4,415 - 5,774 + 2,288 — Federal agency obligations- Bought outright 6,654 — - 614 6,654 Held under repurchase agreements 1,991 - 1,745 + 1,483 — Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 1,734 - 9 - 536 1,707 Includes: seasonal borrowing of 348 + 26 + 105 357 extended credit of 1,199 - 14 - 665 1,212 Float 1,053 + 258 + 286 1,408 Other F.R. assets 21,256 - 1,366 + 6,043 20,080 Gold stock 11,061 — - 2 11,061 Special Drawing Rights certificate account 5,961 + 350 + 943 6,518 Treasury currency outstanding 19,045 + 14 + 620 19,045 Total factors supplying reserve funds 305,858 - 9,706 + 20,076 299,705 Currency in circulation* 245,707 + 501 + 15,138 245,743 Treasury cash holdings* 487 - 3 + 8 485 Deposits, other than reserve balances, with F.R. Banks: Treasury 16,166 - 6,975 + 10,170 9,986 Foreign 232 + 26 - 12 227 Service-related balances and adjustments 3 1,922 + 139 + 25 1,659 Other 381 + 100 + 59 600 Other F.R. liabilities and capital 8,630 - 1_96 + 1,187 8,058 Total factors, other than reserve balances, absorbing reserve funds 273,524 - 6,410 + 26,574 266,758 Reserve balances with F.R. Banks 4 32,333 - 3,297 - 6,499 32,947 On May 17, 1989 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 237,670 million, an increase of $ 463 million for the week. 1 Net of $ 5,379 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 5,379 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 4,835 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4,835 million was with foreign official and international accounts. Includes $ 691 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,659 million and adjustments of $ 263 million to compensate for float. 4 Excludes required clearing balances and adjustments to compensate for float. * Estimated (Treasury's figures). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Worksheet for H.4.1 (a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS Millions of dollars Change since Wednesday Wednesday We<I nesc lay May 17, 1989 May 10, 1989 May 18, 1988 ASSETS Gold certificate account 11,061 2 Special Drawing Rights certificate account 6,518 + 700 + 1 500 Coin 472 + 6 + 31 Loans 1,707 6 - 1 ,198 Acceptances- Held under repurchase agreements Federal agency obligations— 6,654 614 Bought outright 2,925 Hekj under repurchase agreements 1 U.S. government securities: 110,421 - 1,664 + 8,420 Bought outright—Bills 92,397 - 100 + 4,913 Notes 30,414 + 100 + 921 Bonds 233,232 - 1,664 + 14,254 Total bought outright2 — -- 77,,449999 — Held under repurchase agreements1 233,232 99,,116633 ++ 14,254 Total U.S. government securities 241,593 - 12,094 + 12,442 Total loans and securities (1280) 7,865 + 592 + 644 Cash items in process of collection 762 + 1 + 39 Bank premises 19,318 - 2,177 + 5,605 Other assets 3 (1280) 287,589 12,972 20,259 TOTAL ASSETS LIABILITIES Federal Reserve notes 227,655 72 14,515 Deposits: Depository institutions 34,606 - 1,032 - 3,256 U.S. Treasury—general account 9,986 - 12,496 + 7,376 Foreign—official accounts 227 + 83 - 33 Other 600 + 308 + 280 Total deposits 45,419 - 13,137 + 4,367 Deferred availability cash Items (1280) 6,457 + 581 + 439 Other liabilities and accrued dividends4 3,357 - 323 + 767 TOTAL LIABILITIES (1280) 282,888 - 12,951 + 20,088 CAPITAL ACCOUNTS Capital paid in 2,142 + 6 + 42 Surplus 2,112 __ + 65 Other capital accounts 447 - 27 + 64 Figures in parentheses are the eliminations made in the consolidating process. Does not include U.S. government and federal agency securities resold under matched sale-purchase transactions to foreign official and international accounts of which $ -0- million was outstanding at the end of the latest statement week. Net of $ 4,835 million matched saie-purchase transactions outstanding at the end of the latest statement week. Includes $691 million securities loaned—fully secured by U.S. government securities. Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes special investment account at Chicago of $ 97 million In Treasury bills maturing within 90 daya. Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange com mitments. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, Ma> 17, 1989 Acceptances and securities held under repurchase agreements are classified as maturing within 15 days In accordance with maximum maturity of the agreements, U.S. government securities Federal agency obligations LLooaannss AAcccceeppttaanncceess Holdings [Weekly changes Holdings [Weekly changes — Within 15 days 1,668 9,598 12,535 386 2,625 16 days to 90 days 39 — 54,543 + 1,941 435 299 91 days to 1 year — — 76,675 + 1,707 1,318 1 Over 1 year to 5 years — — 52,598 + 251 3,357 — Over 5 years to 10 years __ — 13,512 + 459 969 — Over 10 years — -- 26,306 986 189 — Total 1,707 233,232 9,163 6,654 2,925 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1 (b) STATEMENT OF CONDITION Of EACH F tC^ERAL f-Ell-n^ :,ANKON May 17, Millions of dollars Kansas San Total Bx >>ssttoonn j New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco 1 ASSETS Gold certificate account i1,06' 669999 3,412 400 661 943 508 1,361 370 198 494 613 1,402 Special Drawing Rights certif. acct. 6,518 4u7 2,216 189 389 5 70 252 842 223 117 277 331 705 Coin 4/2 38 16 44 28 62 53 40 31 19 34 29 78 Loans 1,707 I 2 ",'•: •> ? ^ 5 15 22 26 95 110 59 1,085 141 Acceptances held under repurchase agreements Federal agency obligations: Bought outright 6,654 2,345 192 383 552 304 790 205 112 266 280 Held under repurchase agreements U.S. government securities: Bought outright-Bills 1 10, -4. 1 38,92 1 3,18b 6,352 9, 151 5,044 13,118 3,400 1,859 4,416 4,639 13,464 Notes 9 « > 3333 2222,,,,555566668888 2222 ,,,,666666666666 555,,,333111555 7,658 44,,222200 1100,,997766 2,845 1,556 3,695 3,882 11,267 Bonds 11110000,,,,777722220000 888877778888 111,,,777555000 2,521 11,,338899 33,,661133 936 512 1,216 1,278 3,708 Total bought outright 2 2 3"; <Z < iiii 88882222,,,,222200009999 6666,,,,777733330000 111333,,,444111777 19,330 1100,,665533 2277,,770077 7,181 3,927 9,327 9,799 28,439 Held under repurchase agreements > i Total U.S. government securities 88882222,,,, 222200009999 ''''"""""""" """"6666,,,,777733330000""""~~~~ ~~~111TTT,,,"""444TTT777~~~""" 19,330 10,653 27,707 7,181 3,927 9,327 9,799 28,439 Total loans and securities 2244 11..55^^33 || iitt 88884444,,,,555555556666 6666,,,,999944447777 111333,,,888000555 19,897 10,979 28,523 7,481 4,149 9,652 11,164 29,391 Items in process of collection 1111,,,,111199998888 444444440000 333111000 562 683 807 450 427 1,281 1,006 1,584 Bank premises 77^^ '' 33331111 44446666 333222 128 59 108 21 24 47 23 151 Other assets 3 UU MMSS II 4444,,,,666644440000 777711116666 888888888 1,005 1,312 4,312 453 454 646 2,112 2,118 Interdistrict settlement account ++++ 6666,,,,000066662222 ---- 555544442222 ---111,,,000888333 + 1,561 -1,306 - 844 - 214 + 298 -1,325 - 535 -2,664 TOTAL ASSETS 228888,, ~~^^ 1177,, 3333oooo """"""""""""111100002222"""",,,, nnnniiii""""~~~~~~~~ """"¥¥¥¥,,,,222244440000""""~~~~ 15,030 24,728 12,540 35,149 8,815 5,686 11,106 14,743 32,765 1 Does not include U.S. goverr".t rn MJ Ted^d1 jq»«-.i * sic , .-s ~^ •*' ..nder matched sale-purchase transactions to foreign official and international accounts, of which $ -0- million was outstanding at the end of the i3terf s «T -IMP; A^eK 2 Net of $ A ,835 millio.i matched saie nine JSe > n^c:.i;,>, uu' t-»r«i ng at the end of the latest statement week. Includes $ 691 million securities loaned-fully secured by U.S. government securities 3 Includes assets denominated <n k,'ri > v.orrp«iOts IBI/U'I M: 'C- Tir i* J* 'Market exchange rates. Includes special investment account at Chicago of $ 97 million in Treasury Bills maturing within. -JO days. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1. (c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON May 1 , 1989 Millions of dollars Kansas San Total BE oston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 227,655 11 4,885 79,656 6,101 13,064 20,901 7,981 30,512 7,180 4,436 8,601 11,904 22,434 Deposits: Depository institutions 34,606 2,290 8,455 1,426 1,230 2,712 3,321 2,793 1,007 635 1,004 1,843 7,890 US Treasury—general account 9,986 9,986 Foreign—official accounts 227 117 7 8 9 14 20 4 5 6 11 21 Other 600 443 _1_ ___ JL 38 2 101 1_ 3 2 3 3 Total deposits 45,419 2,296 19,001 f,434 ~ 1,240 "2,759 3,337 2,914 ~U012 643 1,012 1,857 7,914 Deferred credit items 7,737 368 1,001 391 274 505 627 702 390 406 1,165 530 1,378 Other liabilities and accrued dividends' 3,357 209 1,164 99 _J_95 276 159 410 102 61 136 141 405 TOTAL LIABILITIES 284,168 17,758 100,822 8,025 14,773" 24,441 12,104 34,538 8,684 5,546 10,914 14,432 32,131 CAPITAL ACCOUNTS Capital paid in 2,142 76 575 102 117 127 211 280 60 67 88 145 294 Surplus 2,112 75 566 103 115 123 196 273 58 67 87 158 291 Other capital accounts 447 27 168 10 25 37 29 58 13 6 17 8 49 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 288,869 17,936 102,131 8,240 15,030 24,728 12,540 35,149 8,815 5,686 11,106 14,743 32,765 F~EDERAL RESERVE AGENTS' ACCOUNTS F.R notes outstanding 11227700,,662233 1177,,885544 8844,,440000 1100,,001100 1155,,554411 2244,,332222 12,377 33,678 8,795 5,334 11,080 14,938 32,294 Less Held by F.R Banks ii 4422,,996688 22,,996699 44,,774444 33,,990099 22,,447777 33,,442211 4,396 3,166 1,615 898 2,479 3,034 9,860 Co F ll . a R t er n a o l te h s e , l d n e a t g ainst F.R. notes-2 {{222277,,665555 1144,,888855 7799,,665566 66,,110011 1133,,006644 2200,,990011 7,981 30,512 7,180 4,436 8,601 11,904 22,434 Gold certificate account | 11,061 Special Drawing Rights certif. acct. 6,518 Other Eligible assets -0- U.S. govt, and agency securities [245,234 Total collateral :22~7,655 "" TOTAL RESERVE BANK CREDIT 1. Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreiqn exchange commitments. FR 211 (R»v a/83) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis