H.4.1 Factors Affecting Reserve Balances of Depository Institutions

' o* Qovi FEDERAL RESERVE These data are scheduled for release each Thursday. The exact time of each release will be announced, when ''-f*ALM&?. the information is available, on (202) 452-3206. H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks May 25, 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 KKaayy 2244,, 11998899 May 17. 1989 frfay 2Sr lQftft May 7Ut IQftQ Reserve Bank credit: '•* 260,239 9,450 + 15,876 256,318 U.S. government securities- Bought outright—system account 230,029 "~ 2,659 + 10,687 224,600 Held under repurchase agreements " 4,415 -""- — Federal agency obligations— Bought outright 6,654 — - 614 6,654 Held under repurchase agreements — - 1,991 . Acceptances- Bought outright — . Held under repurchase agreements — __ Loans to depository institutions 1,675 _. 59 _ 1,236 1,586 includes: seasonal borrowing of 371 + 23 + 110 372 extended credit of 1,209 + 10 - 1,314 1,149 Float 827 - 150 + 103 1,680 Other F.R. assets 21,053 - 177 + 6,935 21,798 Gold stock 11,061 «. 2 11,060 Special Drawing Rights certificate account 7,304 + 1,343 + 2,286 8,018 Treasury currency outstanding 19,059 + 14 + 620 19,059 Total factors supplying reserve funds 297,662 - 8,094 + 18,779 294,455 Currency in circulation* 245,363 _ 344 + 14,884 245,921 Treasury cash holdings* 485 _ 2 + 15 485 Deposits, other than reserve balances, with F.R. Banks: Treasury 8,706 - 7,460 + 5,530 6,922 Foreign 215 « 17 _ 39 276 Service-related balances and adjustments 3 1,758 «. 164 _ 222 1,629 Other 635 + 254 + 296 483 Other F.R. liabilities and capital 8,243 - 387 + 941 7,964 Total factors, other than reserve balances, absorbing reserve funds 265,404 - 8,120 + 21,406 263,680 Reserve balances with F.R. Banks4 32,258 + 27 - 2,627 30,776 On May 24, 1989 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 235,972 million, a decrease of $ 1, 698 million for the week. 1 Net of $ 7,236 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 4,838 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 12,609 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4,753 million was with foreign official and international accounts. Includes $ 35s million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,629 million and adjustments of $ 129 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 ** WWeeddnneessddaayy Wednes day Wedne sday May 24, 1989 Mav 17, 1989 May 2?, 1988 ASSETS Qold certificate account 11,060 - 1 - 3 Special Drawing Rights certificate account 8,018 + 1,500 + 3,000 Coin 460 - 12 + 36 Loans 1,586 - 121 - 1,248 Acceptances- — — — Held under repurchase agreements Federal agency obligations- Bought outright 6,654 — 614 Hekj under repurchase agreements1 — — — U.S. government securities: Bought outright—Bills 101,864 - 8,557 + 3,624 Notes 92,322 - 75 + 4,838 Bonds 3300,,441144 — ++ 921 .. Total bought outright* 222244,,660000 8,632 ++ 9,383 Held under repurchase agreements1 — — — Total U.S. government securities 224,600 8,632 ++ 9,383 Total loans and securities 232,840 - 8,753 + 7,521 Cash items in process of collection (1224) 7,235 - 630 + 534 Bank premises 762 — + 41 Other assets3 21,036 + 1,718 + 6,979 TOTAL ASSETS (1224) 281,411 - 6,178 + 18,108 LIABILITIES Federal Reserve notes 227,806 + 151 + 14,276 Deposits: Depository institutions 32,405 - 2,201 + 1,004 U.S. Treasury—general account 6,922 - 3,064 + 2,540 Foreign—official accounts 276 + 49 + 49 Other 483 - 117 - 82 Total deposits " 40,086 - 5,333 + 3,511 Deferred availability cash items (1224) 5,555 - 902 - 437 Other liabilities and accrued dividends4 3,276 - 81 + 607 TOTAL LIABILITIES (1224) 276,723 - 6,165 + 17,957 CAPITAL ACCOUNTS Capital paid in 2,142 __ + 40 Surplus 2,112 — + 65 Other capital accounts I 434 - 13 + 46 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 $12,609 million matched sale-purchase transactions outstanding at the 9r\d of the latest statement week. Includes $ 368 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 $106 million In Treasury bills maturing within 90 days. Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange com mitments. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, May, 24, 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 Loans Acceptances Holdings [Weekly changes Holdings [Weekly changes Within 15 days 1,551 9,565 33 386 16 days to 90 days 35 46,220 8,323 435 91 days to 1 year 76,474 201 1,318 Over 1 year to 5 years 52,523 75 3,357 Over 5 years to 10 years 13,512 969 Over 10 years 26,306 189 Total 1,586 224,600 8,632 6,654 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1 (b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON May 24, 1989 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco ASSETS Gold certificate account 11.060 699 3,411 400 661 943 508 1,361 370 198 494 613 1,402 Special Drawing Rights certif. acct. 8,018 500 2,726 232 478 702 310 1,036 274 144 341 407 868 Coin 460 37 15 44 27 60 51 38 31 18 33 30 76 Loans 1.586 62 1 13 6 15 26 24 108 114 63 1,013 141 Acceptances held under repurchase agreements — — — — — __ ~~ Federal agency obligations: Bought outright 6.654 414 2.345 192 383 552 304 790 205 112 266 280 811 Held under repurchase agreements ' — — — — — — — — __ — — __ U.S government securities: Bought outright-Bills 101,864 6,339 35.905 2,939 5,860 8,442 4,652 12,101 3,136 1,715 4,074 4,280 12,42! Notes 92.322 5,745 32.542 2,664 5,311 7,651 4,217 10,967 2,843 1,554 3,692 3,879 11,257 Bonds 30,414 1.892 10,720 878 1,750 2,521 11,,338899 33..66JJ33 993366 5511__22 11,,221166 11,,227788 2, 709 Total bought outright 2 224,600 13,976 79,167 6,481 12,921 18,614 1100,,225588 2266,,668811 66,,991155 33,,778811 88,,998822 99,,443377 27,387 Held under repurchase agreements 1 — — — — — — — — — -- — — Total U.S. government securities 224,600 13,976 79.167 6,481 12,921 18,614 10,258 26,681 6,915 3,781 8,982 9,437 27,387 Total loans and securities 232,840 14,452 81.513 6,686 13,310 19,181 10,588 27,495 7,228 4,007 9,311 10.730 28,339 Items \n process of collection 8.459 392 1,108 581 344 606 717 802 392 367 1,117 608 1,425 Bank premises 762 92 31 46 32 128 59 108 21 25 47 23 150 Other assets 3 21,036 722 5,132 798 982 1,099 1,466 4,533 503 508 714 2.233 2,346 Interdistrict settlement account -0- + 849 + 4,806 - 404 - 1,004 + 1,673 - 1,072 485 - 289 ++ 223311 --11,,339999 ++ 55 - 2,911 TOTAL ASSETS 282,635 17,743 98,742 8,383 14,830 24,392 12,627 34,888 8,530 55,,449988 1100,,665588 1144..664499 31,695 1 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. 2 Net of $ l 2,609 million matched sale purchase transactions outstanding at the end of the latest statement week. Includes $ 359 million securities loaned-fully secured by U.S. government securities. 3 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes special investment account at Chicago of $ 106 million in Treasury Bills maturing within 90 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 24, 1989 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 227,806 15,097 79,768 6,143 12,880 20,844 8,222 30,265 7,065 4,406 8,450 12,048 22,618 Deposits: Depvjsitory institutions 32,405 1,964 8,368 1,457 1,248 2,565 3,192 2,893 888 498 869 1,625 6,838 US Treasury—general account 6,922 6,922 Foreign—official accounts 276 5 166 7 8 9 14 20 4 5 6 11 21 Other 483 1 335 2 2 20 2 110 1 1_ 2 4 Total deposits 40,086 1,970 15,791 1,466 1,258 2,594 3,208 3,023 893 504 ,639 "67811 " Deferred credit items 6,779 300 753 462 245 398 601 591 342 389 1,012 513 1,173 Other liabilities and accrued dividends1 3,276 201 1,140 94 190 268 155 399 58 __ 1_30_ 138 _ _ A_04 _ TOTAL LIABILITIES 277,947 17,568 97,452 8,165 14,573 24,104 12,186 34,278 "8,399 5735 7' 10,469 14,338 31,058 " CAPITAL ACCOUNTS Capital paid in 2,142 76 576 102 117 127 211 280 60 67 87 145 294 Surplus 2,112 75 566 103 115 123 196 273 58 67 87 158 291 Other capital accounts 434 24 148 13 25 38 34 57 13 7 15 8 52 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 282,635 17,743 98,742 8,383 14,830 24,392 12,627 34,888 8,530 5,498 10,658 14,649 31,695 FEDERAL RESERVE AGENTS' ' ACCOUNTS F.R notes outstanding 271,322 18,072 84,684 10,012 15,574 24,371 12,718 33,326 8,758 285 10 996 15 198 32 328 Less Held by F.R Banks 43,516 2,975 4,916 3,869 __2_»694_ 3,527 4,496 J ,J)6 1_ 879 2 546 3 150 9 710 F.R notes, net 22 7,806 15,097 79,768 6,143 12,880 20,844 8,222 30,165 7,0~65~ 406 8 450 12 048 11 "618 Collateral held against F.R. notes-' Gold certificate account 11,060 Special Drawing Rights certif. acct. 8,018 Other Eligible assets -0- US govt, and agency securities 208_,_728_ Total collateral 227,806 TOTAL RESERVE BANK CREDIT 1. Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. FR 211 (ftov M3) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis