H.4.1 Factors Affecting Reserve Balances of Depository Institutions

UOLGOW^ 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 8, 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 JJuunnee 77,, 11998899 May 31, 1989 June 8, 1988 June 7, 1989 Reserve Bank credit: 1 2 260,924 + 4,337 + 9,926 258,186 U.S. government securities- Bought outright—system account 227,361 + 1,883 + 2,393 224,175 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 1,995 + 374 1,283 2,082 Includes: seasonal borrowing of 382 + 8 + 93 374 extended credit of 1,531 + 444 1,352 1,670 Float 1,094 + 439 + 252 1,644 Other F.R. assets 23,820 + 1,641 + 9,178 23,631 Gold stock 11,060 — 3 11,060 Special Drawing Rights certificate account 8,518 + 71 + 3,500 8,518 Treasury currency outstanding 19,171 + 98 + 709 19,171 Total factors supplying reserve funds 299,673 + 4,506 + 14,132 296,935 Currency in circulation* 247,829 + 1,181 + 14,262 248,280 Treasury cash holdings* 488 + 3 + 30 488 Deposits, other than reserve balances, with F.R. Banks: Treasury 5,665 + 511 + 2,983 5,207 Foreign 296 + 36 + 81 229 Service-related balances and adjustments 3 1,908 _ 26 108 1,616 Other 341 _ 561 + 29 302 Other F.R. liabilities and capital 7,741 _ 329 + 640 7,784 Total factors, other than reserve balances absorbing reserve funds 264,268 + 815 '+ 17,916 263,906 Reserve balances with F.R. Banks4 35,405 + 3,691 3,784 33,027 On June 7, 1989 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 234,064 million, a decrease of $ 603 million for the week. 1 Net of $ 8,124 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 4,801 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 11,125 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4,677 million was with foreign official and international accounts. Includes $ 319 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,616 million and adjustments of $ 292 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 RANKS Millions of dollars Change since •• WWeeddnneeaaddaayy Ween esday Wednesday June 7, 1989 May 31, 1989 June 8. lQftft ASSETS Gold certificate account 11,060 3 Special Drawing Rights certificate account 8,518 + 3,500 Coin 424 _ 8 + 45 Loans 2,082 + 49 1,236 Acceptances- Held under repurchase agreements Federal agency obligations- Bought outright 6,654 614 Held under repurchase agreements* U.S. government securities: Bought outright—Bills 101,439 + 640 _ 6,877 Notes 92,322 + 4,838 Bonds 30,414 + 921 Total bought outright* 224,175 + 640 1,118 HHeelldd uunnddeerr rreeppuurrcchhaassee aaggrreeeemmeennttss11 — TToottaall UU..SS.. ggoovveerrnnmmeenntt sseeccuurriittiieess 224,175 + 640 TTTTiiTTss Total loans and securities 232,911 + 5F9 22,,996688 Cash items in process of collection (1146) 8,137 2,305 + 1,227 Bank premises 765 + 4 + 38 Other assets 3 22,866 + 1,244 + 9,184 TOTAL ASSETS (1146) 284,681 - 376 + 11,023 LIABILITIES Federal Reserve notes 230,023 + 651 + 13,830 Deposits: Depository institutions 34,643 + 1,090 _ 5,968 U.S. Treasury—general account 5,207 _ 81 + 2,037 Foreign—official accounts 229 - 200 + 31 Other 302 - 222 Total deposits 40,381 + 587 _ 3,900 Deferred availability cash items (1146) 6,493 - 1,885 + 351 Other liabilities and accrued dividends4 3,136 «. 76 + 637 TOTAL LIABILITIES (1146) 280,033 - 723 + 10,918 CAPITAL ACCOUNTS Capital paid in 2,143 + 1 + 39 Surplus 2,107 + 26 + 60 Other capital accounts 32£ ±_ 12D 4- 6. Figures In parentheses are the eliminations made kn the consolidating process. Does not include U.S. government and federal agency securities resold under matched aale-purchaae transactions to foreign official and international accounts of which $ -0- million was outstanding at the end of the latest statement week. Net of $11,125 million matched sale-purchase transactions outstanding at the end of the latest atatement week. Includes $319 million securities loaned—fully secured by U.S. government securities. Includes assets denominated in foreign currencies, revalued monthly at market exchange ratea. Includes apecial investment account at Chicago of $94 million in Treasury bills maturing within 90 days. Includes exchange-translation account reflecting the monthly revaluation at market exchange ratea of foreign exchange com mitments. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, June 7, 1989 Acceptances and securities held under repurchase agreements are classified as maturing within 15 daya 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 1,862 11,242 6,551 48 299 15 days to 90 days 220 47,575 1,790 807 334 91 days to 1 year 72,755 4,121 1,295 29 Over 1 year to 5 years 52,786 3,346 6 Over 5 years to 10 years 13,511 969 Over 10 years 26,306 189 Total 2,082 224,175 640 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 June 7, 1989 Millions of dollars _ . .. Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis City Dallas Francisco Minneapolis 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 424 34 10 40 24 56 52 30 27 17 31 29 74 Loans 2,082 31 — 9 8 16 17 29 117 124 49 1,534 148 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 101,439 6,312 35,755 2,927 5,836 8,407 4,633 12,050 3,123 1,708 4,057 4,262 12,369 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 30,414 11,,889933 1100,,772200 878 1,750 2,521 1,389 3,613 936 512 1,216 1,278 3,708 Total bought outright 2 224,175 1133,,995500 7799,,001177 6,469 12,897 18,579 10,239 26,631 6,902 3,774 8,965 9,418 27,334 Held under repurchase agreements 1 — — — — — — — — — — — Total U.S. government securities 224,175 13,950 79,017 66,,446699 1122,,889977 18,579 10,239 26,631 6,902 3,774 8,965 9,418 27,334 Total loans and securities 232,911 14,395 81,362 6,670 13,288 19,146 10,560 27,451 7,224 4,010 9,280 11,232 28,293 Items in process of collection 9,283 455 1,093 455 318 669 795 950 514 383 1,188 758 1,705 Bank premises 765 91 31 46 33 129 59 108 22 25 47 23 151 Other assets 3 22,866 796 5,641 876 1,078 1,226 1,618 4,757 553 562 791 2,368 2,600 IInntteerrddiissttrriicctt sseettttlleemmeenntt aaccccoouunntt -0- + 1,320 + 2,748 - 203 - 344 + 1,989 - 671 975 - 310 - 25 -1,271 - 508 -1,750 TTOOTTAALL AASSSSEETTSS 285,827 18,321 97,192 8,531 15,566 24,903 13,251 34,782 8,691 5,323 10,922 14,948 33,397 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 $ -o- million was outstanding at the end of the latest statement week. 2 Net of $ 11,125 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 319 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 $ 94 million in Treasury Bills maturing within 90 days. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.I. (c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON June 7, 1989 Millions of dollars Kansas ~Sali Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 230,023 15,455 80,858 6,209 13,364 20,939 8,394 30,401 7,086 4,260 8,451 12,011 22,595 Deposits: Depository institutions 34,643 2,137 7,541 1,661 1,494 2,907 3,587 2,609 934 484 1,054 1,932 8,303 U.S. Treasury—general account 5,207 5,207 Foreign—official accounts 229 119 7 8 9 14 20 6 11 21 Other 302 151 1 2 31 1 99 3 3 7 Total deposits 40,381 2,143 13,018 1,669 1,504 2,947 3,602 2,728 939 491 1,063 1,946 8,331 Deferred credit items 7,639 352 930 350 269 475 681 664 440 380 1,091 549 1,458 Other liabilities and accrued dividends' 3,136 195 1,096 94 178 254 149 381 95 56 127 132 379 TOTAL LIABILITIES 281,179 18,145 95,902 8,322 15,315 24,615 12,826 34,174 8,560 5,187 10,732 14,638 32,763 CAPITAL ACCOUNTS Capital paid in 2,143 77 576 102 117 127 211 280 60 67 87 145 294 Surplus 2,107 75 566 103 115 123 196 273 58 62 87 158 291 Other capital accounts 398 24 148 4 19 38 18 55 13 7 16 7 49 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 285,827 18,321 97,192 8,531 15,566 24,903 13,251 34,782 8,691 5,323 10,922 14,948 33,397 FEDERAL RESERVE AGENTS' ~~ ACCOUNTS F.R. notes outstanding 271,888 18,466 85,533 9,944 15,916 24,253 12,544 33,197 8,708 5,316 10,922 15,082 32,007 Less Held by F.R Banks 41,865 3,011 4,675 3,735 2,552 3,314 4,150 2,796 1,622 1,056 2,471 3,071 9,412 F.R notes, net 230.023 15,455 80,858 6,209 13,364 20,939 8,394 30,401 7,086 4,260 8,451 12,011 22,595 Collateral held against F.R. notes*1 Gold certificate account 11,060 Special Drawing Rights certif. acct. 8,518 Other Eligible assets -0- U.S. govt, and agency securities [210,445 Total collateral 230,023 TOTAL RESERVE BANK CREDIT 1. Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. FR 211 01* t*3) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis