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. -TMLRES1 H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks J une_29^JL°£a_ _ 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 JJuunnee 2288,, 11998899 June 21, 198<r June 29, 1988 June 28, 1989 Reserve Bank credit: 1- 2 271,091 + 8,873 + 18,457 271,518 U.S. government securities- Bought outright—system account 230,621 + 5,978 + 6,126 231,062 Held under repurchase agreements 1,277 + 1,277 - 737 Federal agency obligations- Bought outright 6,654 — - 614 6, 654 Held under repurchase agreements 333 + 333 - 726 ---•• Acceptances- Bought outright — — —* Held under repurchase agreements — — — Loans to depository institutions 992 • + 53 - 1,289 1, / -,, Includes: seasonal borrowing of 496 + 58 + 139 extended credit of 181 - 211 - 1,559 J"' 1 Float 1,587 - 47 + 1,068 I.J * Other F.R. assets 29,627 + 1,279 + 14,629 5»),~;J • Gold stock 11,061 — - 2 • J ,"' Special Drawing Rights certificate account 8,518 — + 3,500 8,- Treasury currency outstanding 19,201 + 10 + 709 j9,.v_ Total factors supplying reserve funds 309,872 + 8,884 + 22,664 310 ^ - Currency in circulation* 247,298 _ 412 + 14,031 :>4.\'jj' Treasury cash holdings* 486 - 2 + 37 Deposits, other than reserve balances, with F.R. Banks: Treasury 18,343 + 9,069 + 11,814 19.'!'.' Foreign 215 - 27 - 20 J: " Service-related balances and adjustments3 1,975 + 28 + 164 Lyf. Other 328 + 30 - 35 Other F.R. liabilities and capital 8.217 + 47 + 707 / 0 - Total factors, other than reserve balances, absorbing reserve funds 276,863 + 8,734 + 26,700 2 , '< /- 1 • Reserve balances with F.R. Banks4 33,008 + 148 - 4,037 On June 28, 1989 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign of** J and international accounts were $ 233,119 million, an increase of $ 5,552 million for the week. 1 Net of $ 4,079 million, daily average, matched sale-purchase transactions outstanding during the latest statement wee k, of wi> a net of $ 4,079 million was with foreign official and international accounts. Includes securities loaned—fully secured government securities. 2 Net of $ 3,638 million matched sale-purchase transactions outstanding at the end of the latest statement week, of wh $ 3,638 million was with foreign official and international accounts. Includes $ 743 million securities loaned—full. U.S. government securities. 3 Consists of required clearing balances of $ 1 ^16 million and adjustments of $ 359 million to compensate for floe 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) CONUOL^ S i A . ^ L. OF CONDITION OF ALL FEDERAL RESERVE BANKS Millions of dollars Change since VV edrl esday Wednesday Wednesday June 28 1989 June 21, 1989 June 29, 19 ASSETS Gold certificate account 11 062 1 Special Drawing Rights certificate account 8 ,518 + 3,500 Coin 449 + 69 Loans 1 ,759 927 485 Acceptances- Held under repurchase agreements Federal agency obligations- 6,654 614 Bought outright 2,553 Held unde* * purchase agreements'! U.S. government securities: 108,326 900 4- 2,293 Bought outright—Bills 92,322 + 4,838 Notes 30,414 4- 921 Bonds 231,062 + 900 4- 8,052 Total bought outright2 5,428 Held under repurchase agreements"! 231,062 + 900 4- 2,624 Total U.S. government securities 239,475 + 1,827 1,028 Total loans and securities (1142) 6,740 881 4- 585 Cash items in process of collection 767 4- 42 Bank premises 29,938 + 1,722 4- 15,259 Other assets3 (1142) 296,949 + 2,669 4- 18,426 TOTAL ASSETS LIABILITIES Federal Reserve notes 229,666 431 + 12,930 Deposits: Depository institutions 34,061 4- 3,273 - 5,921 U.S. Treasury—general account 19,244 - 578 4- 11,028 Foreign—official accounts 287 4- 84 + 84 Other 327 4- 60 - 32 Totai deposits 53 919 4- 2,839 4- 5,159 Deferred availability cash items (1142) 5 402 - 579 - 231 Other liabilities and accrued dividends4 3 258 - 47 TOTAL LIABILITIES (1142) 292,245 2,644 CAPITAL ACCOUNTS Capital paid in 2,145 Surplus 2,112 Other capital accounts 447 25 4- 411 4- 18,269 4- 35 + 65 4- 57 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 $ 3,638 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 748 million securities ioaned—fully secured by U.S. government securities. includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Inciudes special investment account a Chicago of $ g9 million In Treasury biiis maturing within 90 days. deludes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange comr.-Uments. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, June 28, 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 1,692 12,757 + 1,053 152 + l 16 days to 90 days 67 50,726 + 57 642 - 14 91 days to 1 year 74,975 210 1,289 6 Over 1 year to 5 years 52,786 3,386 15 Over 5 years to 10 years 13,512 996 4 Over 10 years 26,306 189 Total 1,759 231,062 900 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 28, 1989 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco Gold certificate a A c S c S o E u T nt S 11,062 699 3,413 400 661 943 508 1 ,361 3 70 198 494 613 1 ,402 Special Drawing Rights certif. acct. 8,518 531 2,896 247 508 745 330 1 , 100 291 153 362 433 92 2 Coin 499 3 5 16 37 24 60 58 33 29 15 32 35 75 Loans 1 ,759 36 964 41 10 13 16 56 156 180 67 36 184 Acceptances held under repurchase agreements __ — — Federal agency obligations: Bought outright 6,654 414 2,345 192 383 551 304 791 205 112 266 280 81 1 Held under repurchase agreements 1 __ -- __ __ — — __ U.S. government securities: Bought outright-Bills 108,326 6,741 38, 183 3,126 6,232 8,978 4,948 12,868 3,335 1 ,824 4, 332 4,551 13,2 08 Notes 9 2,322 5,74 5 32,54 2 2 ,664 5,311 7,651 4,216 10,968 2,843 1 ,554 3,692 3,879 11,257 Bonds 30,414 ] ,892 10, 720 878 1 ,750 2,521 1 ,389 3,613 936 512 1 ,216 1,278 3, 709 Total bought outright 2 231 ,06 2 14,378 81,445 6,668 13, 293 19,150 10,553 27,449 7.114 3,890 9, 240 9,708 28,174 Held under repurchase agreements 1 __ — — — -- — — __ Total U.S. government securities l3TT"06T" r_7T7_~ 81,44 3 6,668 1 3, 29 3 19,150 10,5 5 3 27 ,449 7,114 3,890 9,240 9, 708 2 8,1/:4 Total loans and securities 2 3 9,475 14,828 84,754 6,901 13,686 19,714 10,87 3 28, 296 7,475 4,182 9,373 10,024 29,169 Items in process of collection 7.882 39 3 1 , 1 38 471 238 5 7.7 66 2 7 0 4 398 3 37 1,015 59 7 1 ,332 Bank premises 7 6 7 9 2 31 4 6 3 3 1 2 9 5 9 3 09 22 2 5 47 2 4 1 50 Other assets 3 2 9,9 38 977 6 , 9 6 9 1 , 106 1 , 3 36 1 , 5 1 9 2,029 5 ,415 688 705 986 4, 1 56 4 , 0 5 2 Interdistrict settlement account - () - + 5 28 + 14,91 3 - 4 54 - 6 24 + 823 -1,633 - 2,768 -970 - 117 -2,199 1_1.J25L.__ - 6,270 TOTAL ASSETS 2W709T" 18,08 3 114,130 8,754 15,882 2 4,510 12 ,886 34,2 50 8, 30 3 5,498 1 0 . 31 0 14,653 30,83 2 L 1 Does not include U.S. government and federal agency securities resold under matched sale-purchase transactions to foreign official and internationa! accounts, of which $ -0- million was outstanding at the end of the latest statement week. 2 Net of $ 3 f 6 38 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 74 8 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 $ 89 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 RESEUVE BANK ON June 28, 1989 Millions of dollars Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St Louis Minneapolis Ka C n it s y a s Dallas Fra S nc a i n s c LABILITIES Federal fteserve notes 229,666 15,561 80,952 6,269 14,094 21,074 8,423 29,773 6,866 4,391 8,024 11,944 22,295 Deposits: Depository institutions 34,061 1,830 10,351 1,833 1,106 2,473 3,256 2,825 851 547 966 1,758 6,265 U.S. Treasury—general account 19,244 19,244 Foreign—official accounts 287 5 178 7 8 9 14 19 4 5 6 11 21 Other 327 1 201 2 2 13 1 98 1 1 2 3 2 Total deposits i 53,919 1,836 29,974 1,842 1,116 2,495 3,271 2,942 856 553 974 1,772 6,288 Deferred credit items ! 6,544 304 774 332 229 387 594 525 351 354 990 488 1,216 Other liabilities and accrued dividends1 3.258 199 1.133 95 186 265 157 397 99 59 131 138 399 TOTAL LIABILITIES 293,387 17,900 112,833 8,538 15,625 24,221 12,445 33,637 8.172 5,357 10,119 14,342 30,198 CAPITAL ACCOUNTS Capital paid in 2,145 79 577 102 117 128 211 280 60 67 88 144 292 Surplus 2,112 75 566 103 115 123 196 273 58 67 87 158 291 Other capital accounts 447 • 29 154 11 25 38 34 60 13 7 16 9 51 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 298,091 18,083 114,130 8,754 15,882 24,510 12,886 34,250 8,303 5,498 10,310 14,653 30,832 FEDERAL ft£§E*VE A6ENTS' ACCOUNTS F.R. notes outstanding 273,315 18,605 86,168 9,840 16,669 24,480 12,735 32,788 8,578 5,440 10,770 15,228 32,014 Less Held by F.R. Banks 43.649 3.044 5.216 3.571 2.575 3.406 4.312 3.015 1.712 1.049 2.746 3.284 9.719 F.R. notes, net 229,666 15,561 80,952 6,269 14,094 21,074 8,423 29,773 6,866 4,391 8,024 11,944 22,295 Collateral held against F.R. notes2 Gold certificate account 11,062 Special Drawing Rights certif. acct. 8,518 Other Eligible assets -0- U.S. govt, and agency securities 210.086 Total collateral \ 229,666 TOTAL RESERVE BANK CREDIT 1. Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. Ffl 211 (ftav. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis