H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE These data are scheduled for release each Thursday. The exact time of each release will be announced, when 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 June 1, 1989 Averages of daily figures (millions of dollars) RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt FF..RR BBaannkkss,, WWeeeekk eennddeedd Change from week ended Wednesday RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss MMaayy 3311,, 11998899 May ?4f 1QRQ , •Timp 1 . 1 Qftfl May 31, 1989 Reserve Bank credit: 12 256,603 3,636 + 8,849 256,669 U.S. government securities- Bought outright—system account 225,478 - 4,551 + 2,963 223,535 Held under repurchase agreements — — — — Federal agency obligations- Bought outright 6,654 — - 614 6,654 Held under repurchase agreements — — — — Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 1,621 - 54 - 1,708 2,033 Includes: seasonal borrowing of 374 + 3 + 98 363 extended credit of 1,087 - 122 - 1,466 1,166 Float 657 - 170 + 174 2,064 Other F.R. assets 22,193 + 1,140 + 8,035 22,383 Gold stock 11,060 - 1 - 3 11,060 Special Drawing Rights certificate account 8,447 + 1,143 + 3,429 8,518 Treasury currency outstanding 19,073 _+ 14 + 621 19,073 Total factors supplying reserve funds 295,183 - 2,479 + 12,896 295,320 Currency in circulation* 246,648 + 1,285 + 14,523 247,529 Treasury cash holdings* 485 — + 20 485 Deposits, other than reserve balances, with F.R. Banks: Treasury 5,154 - 3,552 + 1,944 5,288 Foreign 260 + 45 - 27 429 Service-related balances and adjustments3 1,945 + 189 - 18 1,627 Other 902 + 267 + 419 524 Other F.R. liabilities and capital 8,070 - 173 + 875 7,513 Total factors, other than reserve balances, absorbing reserve funds 263,464 - 1,938 + 17,736 263,395 Reserve balances with F.R. Banks 4 31,719 - 541 - 4,840 31,926 On May 31, 1989 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 234,667million, a. decrease of $ 1,305 million for the week. 1 Net of $ 11,066 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 4,677 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 12,936 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 2,919 million was with foreign official and international accounts. Includes $ 710 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,627 million and adjustments of $ 318 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 Wednesday May 31, 1989 May ?4, 1989 June 1, 1988 ASSETS Gold certificate account 11,060 3 Special Drawing Rights certificate account 8,518 500 + 3,500 Coin 432 28 + 39 Loans 2,033 447 988 Acceptances- Held under repurchase agreements Federal agency obligations- 6,654 614 Bought outright Held under repurchase agreements1 U.S. government securities: 100,799 1,065 - 5,055 Bought outright—Bills 92,322 — + 4,838 Notes 3300,,441144 — ++ 921 Bonds 222233,,553355 __ 1,065 ++ 704 Total bought outright2 — — — Held under repurchase agreements1 223,535 .. 1,065 ++ 704 Total U.S. government securities 232,222 - 618 - 898 Total loans and securities (1494) 10,442 + 3,207 - 212 Cash items in process of collection 761 - 1 + 37 Bank premises 21,622 + 586 + 8,161 Other assets3 (1494) 285,057 + 3,646 + 10,624 TOTAL ASSETS LIABILITIES Federal Reserve notes 229,372 + 1,566 + 13,723 Deposits: Depository institutions 33,553 + 1,148 _ 5,241 U.S. Treasury—general account 5,288 - 1,634 + 1,886 Foreign—official accounts 429 + 153 + 127 Other 524 + 41 + 97 Total deposits 39,794 - 292 - 3,131 Deferred availability cash items (1494) 8,378 + 2,823 - 571 Other liabilities and accrued dividends4 3,212 - 64 + 703 TOTAL LIABILITIES (1494) 280,756 + 4,033 + 10,724 CAPITAL ACCOUNTS Capital paid in 2,142 + 40 Surplus 2,08l - 31 + 34 Other capital accounts 78 - 356 - 174 * Figures in parentheses are the eliminations made in the consolidating process. 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 $ 2,086 million was outstanding at the end of the latest statement week. 2 Net of $ 12,936million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 710 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 $ 95 million in Treasury bills maturing within 90 days. 4 Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange com mitments. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, May 31, 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 1,940 — 4,691 - 4,874 347 39 16 days to 90 days 93 — 49,365 + 3,145 473 + 38 91 days to 1 year — — 76,876 + 402 1,324 + 6 Over 1 year to 5 years — — 52,786 + 263 3,352 5 Over 5 years to 10 years — — 13,511 - 1 969 — Over 10 years — 55rr 2266,,330066 — 118899 — Total 2,033 222233,,553355 1,065 66,,665544 — 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 31, 1989 Millions of dollars Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis K C an it s y a s Dallas Fra S n a c n is co 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. 8 518 531 2,896 247 508 745 330 1,100 291 153 362 433 922 Coin 432 i4 11 42 26 56 49 33 29 17 32 28 75 Loans 2 ,033 70 2 148 6 179 95 53 108 114 61 1,009 188 Acceptances held under repurchase agreements Federal agency obligations: Bought outright 6,654 414 2,345 192 383 551 304 791 205 112 266 280 811 Held under repurchase agreements 1 U.S. government securities: Bought outright-Bills 100,799 6,272 35,530 2,909 5,799 8,354 4,604 11,974 3,103 1,697 4,031 4,233 12*291 Notes 92,322 5,745 32,542 2,664 5,311 7,651 4,217 10,968 2,843 1,554 3,692 3,878 11,257 Bonds 30,4 14 ••••\\\\ ::::888899993333 1100,,__772200 __ 887788 11LL775500__ 22,,552211 11__LL338899 3,613 936 512 1,216 1,278 „ 3,708 Total bought outright 2 223,535 11113333,,,,999911110000 7788,,779922 66,,445511 1122,,886600 1188,,552266 1100,,221100 26,555 6,882 3,763 8,939 9,391 27,256 Held under repurchase agreements 1 Total U.S. government securities 223,535 IIIITTTT....77779999IIIIOOOO ~~~~ 78,792 6,451 12,860 18,526 10,210 26,555 6,882 3,763 8,939 9,391 27,256 Total loans and securities 232,222 11114444,,,,333399994444 81,139 6,791 13,249 19,256 10,609 27,399 7,195 3,989 9,266 10,680 28,255 Items in process of collection 11,936 502 1,412 714 571 814 1,043 1,469 668 585 1,308 848 2,002 Bank premises 761 1 91 31 46 32 128 59 108 21 25 47 23 150 Other assets 3 21 ,622 739 5,244 820 1,002 1,139 1,530 4,580 515 524 758 2,367 2,404 Interdistrict settlement account --00-- ..++ 11,,331199 ++ 55,,003399 -- 4433 77 924 + 1,807 - 1,081 562 - 378 1 -1,293 28 - 3,461 TOTAL ASSETS ""228866,,555511 || 1188,,330099 9999,,118833 88,,~~662233 15,125 24,888 13,047 35,488 8,711 5,490 10,974 14,964 31,749 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 $ 2,086million was outstanding at the end of the latest statement week. 2 Net of $ 12,936 million matched saie-purchase transactions outstanding at the end of the latest statement week. Includes $ 710 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 $ 95 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 31, 1989 Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 229,372 15,335 80,012 6,240 13,127 21,016 8,419 30,486 7 ,093 4,335 8,511 12,028 22,770 Deposits: Depository institutions 33,553 2,120 9,894 1,555 1,130 2,687 3,142 2,952 811 433 832 1,797 6,200 U.S. Treasury—general aaaccccccooouuunnnttt 5,288 5,288 Foreign—official accou nnntttsss 429 5 319 7 8 9 14 20 4 5 6 11 21 Other 524 1 375 1 3 26 2 100 1 1 6 4 4 Total deposits 39,794 2,126 15,876 1,563 1,141 2,722 3,158 3,072 816 439 844 1,812 6,225 Deferred credit items 9,872 493 1,009 527 446 633 910 975 584 529 1,308 700 1,758 Other liabilities and accrued dividends1 ! 3,212 198 1,125 96 183 262 152 389 98 58 129 135 387 TOTAL LIABILITIES 282,250 18,152 98,022 8,426 14,897 24,633 12,639 34,922 8,591 5,361 10,792 14,675 31,140 CAPITAL ACCOUNTS Capital paid in 2,142 76 576 102 117 127 211 280 60 67 87 145 294 Surplus 2,081 75 566 95 111 123 196 273 58 62 87 144 291 Other capital accounts 78 6 19 5 1 13 2 8 24 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 286,551 18,309 99,183 8,623 15,125 24,888 13,047 35,488 8,711 5,490 10,974 14,964 31,749 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 271,562 18,311 84,893 9,981 15,751 24,329 12,659 33,276 8,732 5,331 10,965 15,141 32,193 Less Held by F.R. Banks 42.190 2,976 4,881 3,741 2,624 3,313 4,240 2,790 1,639 996 2,454 3,113 9,423 F.R notes, net i 229,372 15,335 80,012 6,240 13,127 21,016 8,419 30,486 7,093 4,335 8,511 12,028 22,770 Collateral held against F.R. notes-2 Gold certificate account 11,060 Special Drawing Rights certif. acct. 8,518 Other Eligible assets -0- U.S. govt, and agency securities 209,794 Total collateral 1229,372 TOTAL RESERVE BANK CREDIT 1. Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. FR 211 (FWv. B/83) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis