H.4.1 Factors Affecting Reserve Balances of Depository Institutions

&££&u FEDERAL RESERVE These data are scheduled for release each Thursday. The exact time of each release will be announced, when *«FS!S? 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 July 6, :1 989 Averages of daily figur es (millions of dollars) RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt FF..RR BBaannkkss,, RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss jj WWeeeekk eennddeedd ] Change from week ended J Wednesday JJuullyy 55,, 11998899 Jui ie 28, 1989 [July 6, 1988 1 July 5, 1989 Reserve Bank credit: L 2 267,314 3,784 + 12,432 263,390 U.S. government securities- Bought outright—system account 228,967 ~ 1,654 + 5,711 224,359 Held under repurchase agreements 425 - 852 - 3,136 -- Federal agency obligations- Bought outright 6,654 614 6,654 Held under repurchase agreements 96 - 237 - 2,100 Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 773 - 219 2,661 665 includes: seasonal borrowing of 493 - 3 + 136 ! 447 extended credit of 161 - 20 1,972 ! 151 Float 358 - 1,206 + 24 1,322 Other F.R. assets 30,041 + 384 + 15,209 30,390 Gold stock 11,064 + 3 + 1 11,066 Special Drawing Rights certificate account 8,518 — + 3,500 8,518 Treasury currency outstanding 19,211 + 10 + 730 19,211 Total factors supplying reserve funds 306,107 - 3,772 + 16,664 302,185 Currency in circulation* 249,619 + 2,321 + 13,436 250,933 Treasury cash holdings* 475 - 11 + 49 475 Deposits, other than reserve balances, with F.R. Banks: Treasury 11,214 - 7,129 + 6,528 6,751 Foreign 249 + 34 67 215 Service-related balances and adjustments 3 2,303 + 346 + 360 1,601 Other 239 _ 89 96 228 Other F.R. liabilities and capital 8.166 - 51 + 1,089 7.898 Total factors, other than reserve balances, absorbing reserve funds 272,266 4,579 + 21,300 268,101 Reserve balances with F.R. Banks 4 33,841 + 808 4,637 34,084 On July 5, 1989 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 231,321 million, a decrease of $ l ,798 million for the week. 1 Net of $ 5,681 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 4,131 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. Net of $ 10,219 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4,739 million was with foreign official and international accounts. Includes $ 1,219 million securities loaned—fully secured U.S. government securities. Consists of required clearing balances of $ 1,601 million and adjustments of $ 702 million to compensate for float. 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 SANKS Millions of dollars Change since ** WWeeddnneessddaayy Wednesday Wednesday July 5, 1989 [ June 28, 1?§9 . July.,6* I9Rft ASSETS ! Gold certificate account • 11,066 + 4 + 3 Special Drawing Rights certificate account 8,518 + 3,500 Coin 428 21 + 80 Loans 665 1,094 - 2,415 Acceptances— Held under repurchase agreements. Federal agency obligations- Sought outright 6,654 — - 614 Hcki under repurchase agreements1 — - 1,582 US. government securities: Bought outright—Bills. 101,632 6,694 - 5,139 Notes 92,313 9 + 4,829 Bonds 30,414 — ++ 921 Total bought outright2. 224,359 6,703 ++ 611 Held under repurchase agreements1. — -- 2,311 Tatal U.S. government securities 777735? '6770T TT700 Tat*; loans and securities . 231,678 7,797 - 6,311 Cash items in process of collection (684) 6,297 443 - 4,198 Bank premises 766 1 + 39 Other assets3 29,624 314 + 15,579 TOTAL ASSETS (684) 288,377 8,572 + 8,692 LIABILITIES Federal Reserve notes 232,625 2,959 13,068 Deposits: U D . e S p . o T s r i e to a r s y u r in y— sti g tu e t n io e n ra s l . a ccount 3 6 5 , , 7 6 5 8 1 5 z X . , ,4 6 9 2 3 4 ~ 2 >, , 5 v 9 J- 7 i . Foreign—official accounts 21 5 72 124 Other 228 99 _8_5 Defer T re o d ta i a v d a e i p la o b s i i l t i s ty cash items „ (684) 4 4 2 , ,8 9 7 7 5 9 T ; 4 0~ 2 4 7 0 3 1 , ,5 8 3 5 4 4 Othe? liabilities and accrued dividends4 3,102 136 507 TOTAL LiABiLITIES (684) 283,581 ~8, 664 8,187 CAPITAL ACCOUNTS Capital paid in 2,151 38 Surplus 2,112 65 Other capital accounts vn -S£- i£LL Figures in parentheses are the eliminations made in the consolidating process. 1 Does not Include U.S. governmant and federal agency securities resold under matched sale-purchase transactions to foreign official and international accounts of which $ ~Q- million was outstanding at the en6 of the latest statement week. Net of $ io,219rr»ih!on matched sale-purchase transactions outstanding at the end of the latest statement week, Includes $ 1,219 million securities loaned—fully secured by U.S. government securities. Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes speciai investment account at Chicago of $ 74 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, July 5, 1989 Acceptances and securities r»eid 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 . 348 10,953 1,804 75 77 16 days to 90 days 317 48,226 2,500 744 102 91 days to 1 year 7 2,978 1,997 ,314 25 Over 1 year to 5 years 52,393 393 ,336 50 Over 5 years to 10 years 13,503 9 996 Over 10 years 26,306 _I8_i Totai 665 224,359 6~,T5T ,654 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1 (b) STATEMENT QF CONDITION OF EACH FcOERAi. RESERVE BANK ON uly 5, [>K ::99 Millions of dollars " "~T " ! 7~ 1 i Kansas San N Yofk {Phi llaadd**»»!!pphhiiaa Cleveland j Richmond Atlanta Chicago St. Louis nneapohs City Dallas F ^ancisco ! ASSETS Gold certificate account 3,417 4i.)U 661 94 3 508 1,361 370 i '• JH 494 613 1,402 Special Drawing Rights ceriif. acct. 2,896 24? 508 74 5 330 1,100 291 153 362 433 922 Coin i _J 35 2 "> 57 56 30 27 15 32 34 71 Loans J 7 1 10 11 7 17 48 144 183 56 12 157 Acceptances held under repurchase agreements Federal agency obligations: Bought outright 2,34: 192 383 304 790 205 112 266 280 811 Held under repurchase agreement U.S. government securities: Bought outright--8iH$ 101,632 35,823 ,933 5,847 8,423 4,642 12,0 74 3,129 ! , ? 11 4,064 4,270 12,392 .'. < 1'' 7 ,'•>"» I 4 , 2 j 6 l0,966 2,843 I , 54A 3,692 3,878 11,256 Bonds LlJ.V. - _-lL^-y _ _JL™9 3j013 936 512 1,217 1,278 3,709 Total bought outright 2 ' , 9< * / } *, ~Mn 10,2H7 26,653 6,908 3, 7 77 8,973 9,426 27,357 Held under repurchase agreements ] Total U.S. government securities i nu ' > " 7 '. 78*2 >) 0( 7 ' 3 . 5 )4 10,24 7 26,653 6,908 3,7/7 8,973 9,426 27,357 Total loans and securities ^ ' <*. 8 *') i i >, i 5 J 10,568 27,491 7,257 4,072 9,295 9,718 28,325 Items in process of collection V5 :; \ 56? 556 313 383 i,145 1 ,364 1,085 Bank premises 34 i .' '' 00 109 21 25 47 24 150 Other assets 3 • i 3^^ 2,1 00 5,408 724 718 1,000 4,196 3,312 Interdistrict settlement account ' ; " + 2,V*h - 696 "1x614 - 499 9 - 1,650 - 1,535 -3,133 TOTAL ASSETS ,.,,. 35, >03 13,497 34,441 8, 504 5,555 10,725 14,847 32,134 1 Does not incl-jdc u.S ooue'ntr.ert -;nd '<•('; .\ «-.ecun-."*s r»v, 3 . *-: le- t •otr\<K s*iie-p.*rcf .J$** transactions to foreign official and international accounts, of which $ -0- milhon was o. Ut3n<> r>;s ay <.•-»£ vy jt^Jt ii". 'men* verU 2 Net of $ 10,219 m.llo : «ju,ned s.ji*- i-.i/.s^.^.) *.« ;HJ?-*\ rvj, r. <*•* -he end of t-V !/.?$. MJtemsnt week includes $ 1 ,2 19 million securities loaned—fully secured by U.S. goverp'Ticnt secuni'-s 3 Includes assets denominated m foreign cur llU t-i. i ' "'udc-i «vpwjdl invtfitiuont account at Chicago of $ 83 million in Treasury bills maturing wiv^n 00 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 July 5, 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 n a c n is co LIABILITIES Federal Reserve notes 232,625 15,808 81,415 6,531 14,517 21,405 8,538 30,039 6,958 4,422 8,159 11,989 22,844 Deposits: Depository institutions 35,685 1,724 8,785 1,911 1,376 3,071 3,987 2,857 1,070 508 1,154 1,806 7,436 US Treasury—general account 6,751 — 6,751 — — — — — — — — — — Foreign—official accounts 215 5 105 8 8 9 14 19 4 5 6 11 21 Other 228 — 106 2 2 24 1 80 — 2 5 4 2 Total deposits 42,879 1,730 15,747 1,920 1,387 3,104 4,002 2,955 1,075 514 1,165 1,821 7,459 Deferred credit items 1 5,658 233 702 219 236 306 364 450 241 421 1,083 592 811 Other liabilities and accrued i dividends' 3,102 192 1,104 92 173 251 142 373 97 55 124 128 371 TOTAL LIABILITIES 284,26b 1/.964 98,967 "87761" 16,313 25,06B~ 13,046 TJ,H17 ~wrmr 5,412 10,531 14,530 31,486 CAPITAL ACCOUNTS Capital paid in 2,151 79 577 101 117 134 211 280 60 67 145 292 Surplus 2,112 75 566 103 115 123 196 272 59 67 87 158 291 Other capital accounts 533 32 188 14 21 40 44 70 16 9 20 14 65 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 289,061 18,150 100,298 8,979 16,566 25,365 13,497 34,441 8,504 10,725 14,847 32,134 FEDERAL RCSERVC AGENTS' ACCOUNTS F.R. notes outstanding 1 272,972 18,563 86,071 9,785 16,830 24,434 12,583 32,704 8,549 5,430 10,776 15,178 32,069 Less Held by F.R. Banks 40.348 2.755 4.656 3.255 2,314 3.029 4.045 2,665 1.591 1,007 2,617 3.189 9.225 F.R notes, net 1232,62^ 15.808 81,415 6,531 14,517 21,405 8,538 30,039 6,958 4.422 8,159 11,989 22,844 Collateral held against F.R. notes*' Gold certificate account 11,066 Special Drawing Rights cert if. acct. 8,518 Other Eligible assets -0- U.S. govt, and agency securities 213,041 Total collateral '232,625 TOTAL RESERVE BANK CREDIT 1. Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreion exchange commitments. FR 211 <A«r- M3» Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis