H.4.1 Factors Affecting Reserve Balances of Depository Institutions

NorPQvfr. FEDERAL RESERVE These data are scheduled for release each Thursday. The ewtt* titt»roUwch Wtt»ae 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 JunP 15. 1989 Averages <D f dally figures (millions of dollars) RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt FF..RR BBaannkkss,, RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss WWeeeekk eennddeedd 1 Change from week ended Wednesday JJuunnee 1144,, 11998899 June 7, 1989 [June 15, 1988 June 14, 1989 Reserve Bank credit: 1 2 259,982 ! 937 ~ 9,358 262,688 U.S. government securities- Bought outright—system account 225,637 - 1,724 + 706 227,654 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 2,255 + 260 - 1,396 2,384 Includes: seasonal borrowing of 393 + 11 + 109 411 extended credit of 1,784 + 253 - 1,305 1,896 Float 1,296 + 207 + 937 1,701 Other F.R. assets 24,139 + 319 + 9,724 24,295 Gold stock 11,060 — - 3 11,060 Special Drawing Rights certificate account 8,518 — + 3,500 8,518 Treasury currency outstanding 19,181 + 10 + 709 19,181 Total factors supplying reserve funds 298,741 ~ 927 + 13,563 301,447 Currency in circulation** 248,280 + 451 + 14,640 248,164 Treasury cash holdings** 490 + 2 + 31 490 Deposits, other than reserve balances, with F.R. Banks: Treasury 5,397 - 268 + 2,287 5,281 Foreign 253 - 43 + 17 293 Service-related balances and adjustments 3 1,778 - 130 - 49 1,616 Other 253 - 88 - 51 242 Other F.R. liabilities and capital 8,261 + 520 + 798 j 8,078 Total factors, other than reserve balances, absorbing reserve funds 264,712 + 444 + 17,673 264,164 Reserve balances with F.R. Banks4 34,028 - 1,372 - 4,112 37,280 i On June 14, 1989 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 232,171 million, decrease of $ 1,893 million for the week. 1 Net of $ 9,063million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 4,571 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 7,047 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4,467 million was with foreign official and international accounts. Includes $ 576 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,616 million and adjustments of $ 162 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 Wednesday Wednesday June 14, 1989 June 7, 1989 June 15, 1988 _____ ASSETS Gold certificate account 11,060 — 3 Special Drawing Rights certificate account 8,518 + 3,500 Coin 436 + 12 + 51 Loans 2,384 + 302 - 2,004 Acceptances— Held under repurchase agreements Federal agency obligations— Bought outright 6,654 614 Held under repurchase agreements1 U.S. government securities: Bought outright—Bills 104,918 + 3,479 - 4,802 Notes 92,322 — + 4,838 Bonds 3300,,441144 — ++ 921 Total bought outright2 222277,,665544 ++ 3,479 ++ 957 Held under repurchase agreements1 — — — Total U.S. government securities 227,654 --ff 3,479 ++ 957 Total loans and securities . 236,692 + 3,781 - 1,661 Cash items in process of collection (1147) 7,872 - 265 + 281 Bank premises 766 + 1 + 39 Other assets 3 23,529 + 663 + 9,688 TOTAL ASSETS (1147) 288,873 + 4,192 + 11,895 LIABILITIES Federal Reserve notes 229,912 111 13,774 Deposits: Depository institutions 38,896 + 4,253 - 3,373 U.S. Treasury—general account 5,281 + 74 + 1,494 Foreign—official accounts 293 + 64 + 74 Other 242 - 60 - 121 Total deposits 44,712 + 4,331 - 1,926 Deferred availability cash Items (1147) 6,171 - 322 - 796 Other liabilities and accrued dividends4 3,382 + 246 + 691 TOTAL LIABILITIES (1147) 284,177 + 4,144 + 11,743 CAPITAL ACCOUNTS _._ Capital paid in 2,143 + 38 Surplus 2,112 + 5 + 65 Other capital accounts 441 + 43 + 49 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 $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. includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes special investment account at Chicago of $99 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, June 14, 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 AAcccceeppttaanncceess Holdings | Weekly changes Holdings |Weekly changes Within 15 days 2,169 — 7,237 4005 29 - 19 16 days to 90 days 215 — 52,378 + 4,803 778 - 29 91 days to 1 year — — 75,435 + 2,680 1,295 Over 1 year to 5 years — — 52,786 3,371 + 25 Over 5 years to 10 years — __ 13,511 __ 992 + 23 Over 10 years — 55rr 2266,,330077 ++ 11 189 Total 2,384 ""222277,,665544 ++ 33,,447799 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 14, 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. 8,518 531 2,896 247 508 745 330 1,100 291 153 362 433 922 Coin 436 34 13 38 24 57 55 31 29 17 32 31 75 Loans 2,384 40 1 24 7 15 16 30 123 142 49 1,741 196 Acceptances heid under repurchase agreements — — — — — — — — — — — — — Federal agency obligations: Bought outright 6,654 414 2,345 192 383 552 304 790 205 112 266 280 Held under repurchase agreements 1 __ __ -- ~ __ ~ __ — — —. ~ ~ — U.S. government securities: Bought outright—Bills 104,918 6,529 36,981 3,028 6,036 8,695 4,792 12,464 3,230 1,766 4,196 4,408 12,793 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 11,,775500 22,,552211 11,,338899 33,,661133 993366 551122 11,,221166 11,,227788 3,709 Total bought outright 2 227,654 14,166 80,243 6,570 1133,,009977 1188,,886677 1100,,339988 2277,,004444 77,,000099 33..883322 99,,110044 99,,556655 27,759 Held under repurchase agreements 1 — — — — — — — — — — — — — Total U.S. government securities 227,654 14,166 80,243 66,,557700 1133,,009977 1188,,886677 10,398 27,044 7,009 3,832 9,104 9,565 27,759 Total loans and securities 236,692 14,620 82,589 66,,778866 1133,,448877 1199,,443344 10,718 27,864 7,337 4,086 9,419 11,586 28,766 Items in process of collection 9,019 407 961 417 475 573 851 817 417 377 1,201 894 1,627 Bank premises 766 91 31 46 33 129 59 108 22 25 47 24 151 Other assets 3 23,529 827 5,820 913 1,115 1,268 1,670 4,853 574 582 818 2,407 2,682 Interdistrict settlement account -0- ++ 997766 ++ 44,,557788 ++ 110088 6644 ++ LLJJ4499 --11,,116622 - 1,121 - 464 + 18 --11,,338822 -- 449999 - 2,737 TOTAL ASSETS 290,020 ~~1188,,118855 110000,,229999"" 88,,995555 1166,,223399 2244,,889988 1133,,003311 35,013 8,576 5,456 1100,,999911 1155,,448899 32,888 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 $ 7,047 million matched sale purchase transactions outstanding at the end of the latest statement week. Includes $576 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 $ 99 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 June 14, 1989 Millions of do lars Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St Louis Minneapolis Ka C n it s y a s Dallas Fra S n a c n is co LIABILITIES Federal Reserve notes 229,912 15,461 81,096 6,189 13,859 20,952 8,116 30,160 7 ,010 4,360 8,390 12,027 22,292 Deposits: Depository institutions 38,896 1,990 10,280 2,059 1,636 2,880 3,678 3,062 991 510 1,144 2,477 8,189 U.S. Treasury—general account 5,281 5,281 Foreign—official accounts 293 5 183 7 8 9 14 20 4 5 6 11 21 Other 242 1 91 1 2 32 1 104 1 1 4 3 1 Total deposits 44,712 1,996 15,835 2,067 1,646 2,921 3,693 3,186 996 516 1,154 2,491 8,211 Deferred credit items 7,318 341 881 382 283 463 622 648 337 380 1,123 517 1,341 umer iiauiiiut:^ emu acucueu . dividends' 3,382 208 1,192 101 194 275 160 408 102 59 134 142 407 TOTAL LIABILITIES 285,324 99,004 8,739 15,982 24,611 12,591 34,402 8,445 5,315 1100,,880011 1155,,117777 32,251 CAPITAL ACCOUNTS Capital paid in 2,143 77 576 102 117 127 211 280 60 67 8877 114455 294 Surplus 2,112 75 566 103 115 123 196 273 58 67 8877 115588 291 Other capital accounts 441 27 153 11 25 37 33 58 13 7 1166 99 52 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 290,020 18,185 100,299 8,955 16,239 24,898 13,031 35,013 8,576 5,456 1100,,999911 1155,,448899 32,888 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 272,540 18,503 86,037 9,885 16,433 24,290 12,390 333333,,,111333000 888,,,666666555 5,415 10,880 15,082 31,830 Less Held by F.R Banks 42,628 3,042 4,941 3,696 2,574 3,338 4,274 222,,,999777000 111,,,666555555 1,055 2,490 3,055 9,538 F.R notes, net j229,912 1155,,446611 8811,,009966 66,,118899 1133,,885599 2200,,995522 88,,111166 333000,,,111666000 777,,,000111000 44,,336600 88,,339900 1122,,002277 22,292 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 210,334 Total collateral '229,912 TOTAL RESERVE BANK CREDIT 1. Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. FR 211 (Rw. W83) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis