H.4.1 Factors Affecting Reserve Balances of Depository Institutions

' Of °OVi 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 July 20, 1989 Averages of daily fi£j ures (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 ••JJuullyy 1199,, 11998899 July 12, 1989 July 20, 1988 July 19, 1989 Reserve Bank credit: L* 260,149 - 6,007 + 7,556 258,897 U.S. government securities- Bought outright—system account 221,426 - 5,041 - 3,014 219,810 Held under repurchase agreements — - 709 814 — Federal agency obligations- Bought outright 6,654 — 604 6,654 Held under repurchase agreements — - 162 922 — Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 687 + 26 - 2,451 632 Includes: seasonal borrowing of 505 + 32 + 129 506 extended credit of 125 - 6 - 2,513 54 Float 530 - 633 236 1,233 Other F.R. assets 30,851 + 511 + 15,596 30,569 Gold stock 11,066 - 1 + 3 11,067 Special Drawing Rights certificate account 8,518 — + 3,500 8,518 Treasury currency outstanding 19,239 + 18 + 734 19,239 Total factors supplying reserve funds 298,972 - 5,990 + 11,793 297,720 Currency in circulation* 250,131 _ 1,230 + 14,106 249,646 Treasury cash holdings* 464 - 9 + 47 464 Deposits, other than reserve balances, with F.R. Banks: Treasury 5,155 - 1,153 + 1,946 4,984 Foreign 210 - 26 34 242 Service-related balances and adjustments 3 1,676 - 426 121 1,591 Other 228 + 2 122 254 Other F.R. liabilities and capital 7,915 - 416 + 469 7,655 Total factors, other than reserve balances, absorbing reserve funds 265,780 - 3,259 + 16,292 264,837 Reserve balances with F.R. Banks 4 33,191 - 2,732 - 4,500 32,884 On July 19, 1989 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 234,831 million, an increase of $ 2,484 million for the week. 1 Net of $ 7,025 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 4,706 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 8,589 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 5,474 million was with foreign official and international accounts. Includes $ 983 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ l ,591 million and adjustments of $ 85 million to compensate for float. 4 Excludes required clearing balances and adjustments to compensate for float. * Estimated (Treasury's figures). Components may not add to totals due to rounding. 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 Julv 19, 1989 July 12, 1989 July 20, 1988 ASSETS Gold certificate account , 11,067 — + 4 Special Drawing Rights certificate account 8,518 — + 3,500 Coin 429 + 6 + 68 Loans 632 - 55 - 2,491 Acceptances- Held under repurchase agreements . ___ ~ Federal agency obligations- Bought outright . 6,654 547 Held under repurchase agreements1 - 1,137 U.S. government securities: Bought outright—Bills. 97,096 _ 8,414 _ 9,915 Notes 92,300 - 13 + 4,816 BBoonnddss 30,414 — + 921 TToottaall bboouugghhtt oouuttrriigghhtt22 .. 219,810 - 8,427 + 4,178 HHeelldd uunnddeerr rreeppuurrcchhaassee aaggrreeeemmeennttss11 - 4,961 TToottaall UU..SS.. ggoovveerrnnmmeenntt sseeccuurriittiieess .. 219,810 _ 13,388 4 178 Total loans and securities 227,095 14,580 7,217 Cash items in process of collection a (1099) 7,374 + 384 + 135 Bank premises 767 + •3'9 Other assets 3 29,801 .^. 274 + 14,953 TOTAL ASSETS (1099) 285,051 - 14,465 + 11,482 LIABILITIES Federal Reserve notes 231,301 -. 1,575 + 13,439 Deposits: Depository institutions 34,475 - 12,342 _ 3,674 U.S. Treasury—general account 4,984 . 447 + 1,378 Foreign—official accounts 242 H- 57 24 Other 254 + 48 _ 69 Total deposits 39,954 «. 12,684 __ 2,390 Deferred availability cash items . (1099) 6,141 + 211 + 4 Other liabilities and accrued dividends4 2,925 _ 430 + 275 TOTAL LIABILITIES | (1099) 280,321 - 14,478 + 11,328 CAPITAL ACCOUNTS Capital paid in . 2,162 .+ 4 + 45 Surplus 2,112 — + 65 Other capital accounts 456 + 9 + 44 * 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 $-o- million was outstanding at the end of the latest statement week. 2 Net of $8,589 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $983 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 $ 20 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. Components may not add due to rounding. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, July 19, 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. 552 ___ 6,880 — 5,034 206 1,036 16 days to 90 days 79 49,651 - 3,974 627 101 91 days to 1 year 71,076 _ 4,381 1,310 Over 1 year to 5 years __ — _ 52,274 mm 119 3,311 Over 5 years to 10 years — _._ 13,623 + 121 1,011 OOvveerr 1100 yyeeaarrss -- — 26,306 0 189 — TToottaall ' 632 — 219,810 - 13,388 6,654 1,137 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 July 19, 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 11,067 699 3,418 400 661 943 508 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 429 32 11 32 23 59 57 30 30 15 31 36 72 Loans 632 8 1 5 12 6 22 50 167 196 82 13 69 Acceptances held under repurchase agreements — — — — — . — — — — — — — — Federal agency obligations: Bought outright 6,654 414 2,345 192 383 551 304 790 205 112 266 280 811 Held under repurchase agreements 1 — U.S. government securities: Bought outright-Bills 97,096 6,042 34,225 2,802 5,586 8,047 4,435 11,535 2,989 1,635 3,883 4,079 11,839 Notes 92,300 5,744 32,534 2, 6o4 5,310 7,650 4,216 10,965 2,842 1,554 3,691 3,878 11,254 Bonds 30,414 1,893 10,720 878 5,750 2,521 1,389 3,613 936 512 1,216 1,278 3,708 Total bought outright 2 219,810 13,678 77,479 6,343 12,645 18,217 10,040 26,113 6,768 3,701 8,790 9,235 26,802 Held under repurchase agreements 1 — — — — — — — — — — — — — Total U.S. government securities 219,810 13,678 77,479 6,343 12,645 18,217 10,040 26,113 6,768 3,701 8,790 9,235 26,802 Total loans and securities 227,095 14,100 79,825 6,540 13,040 18,775 10,366 26,953 7,139 4,009 9,139 9,528 27,682 Items in process of collection 8,473 464 981 415 294 515 740 872 399 406 1,108 620 1,660 Bank premises 767 91 31 46 34 129 59 109 22 26 47 24 150 Other assets 3 29,801 1,002 7,169 1,147 1,376 1,557 2,110 5,425 708 724 1,018 4,223 3,340 Interdistrict settlement account -0- + 1,285 + 3,933 - 354 + 1,183 + 2,320 - 1,468 - 1,243 - 572 - 183 - 1,415 - 1,212 - 2,274 TOTAL ASSETS 286,151 18,204 98,263 8,475 17,119 25,043 12,701 34,607 8,386 5,347 10,785 14,265 32,955 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 $ 8,589 million matched sale-purchase transactions outstanding at the end of the latest statement week, Includes $ 983 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 $ 20 million in Treasury Bills maturing within 90 days. Components may not add to total due to roundings. 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 19, 1989 Millions of dollars Kansas Sail Total Boston New York Philadelphia; Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 231,301 15,595 81,513 6,351 15,101 21,106 7,789 29,583 6,864 4,309 8,461 11,715 22,914 Deposits: Depository institutions 34,475 1,854 8,402 1,445 1,302 2,910 3,676 3,350 969 435 931 1,595 7,605 U.S. Treasury—general account 4,984 4,984 Foreign—official accounts 242 5 132 7 8 9 14 19 4 5 6 11 21 Other 254 1 174 1 2 41 2 25 1 2 2 2 2 Total deposits 39,954 1,860 13,692 1,453 1,313 2,960 3,692 3,394 974 442 939 1,609 7,628 Deferred credit items 7,240 384 751 370 280 430 642 658 327 404 1,076 502 1,417 Other liabilities and accrued dividends1 2.925 182 1.008 87 168 241 137 359 89 53 119 127 354 TOTAL LIABILITIES 281,421 18,021 96,964 8,262 16,862 24,737 12,259 33,993 8,254 5,208 10,595 13,953 32,313 CAPITAL ACCOUNTS Capital paid in 2,162 79 578 100 117 137 213 281 61 67 87 145 296 Surplus 2,112 75 566 103 115 123 196 273 58 67 87 158 291 Other capital accounts 456 29 155 9 25 46 33 60 13 6 15 9 54 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 286,151 18,204 98,263 8,475 17,119 25,043 12,701 34,607 8,386 5,347 10,785 14,265 32,955 FEDERAL ft£&ERV£ A6EMTS' ACCOUNTS F.R. notes outstanding 1 274,195 18,520 86,390 9,653 17,508 24,726 12,251 32,565 8,480 5,391 11,141 15,065 32,503 Less Held by F.R. Banks I 42.895 2.925 4.877 3.302 2.407 3,620 4.461 2.983 1.616 1,082 2T680 3.350 9.589 F.R notes, net 231,301 15,595 81,513 6,351 15,101 21,106 7,789 29,583 6,864 4,109 8,461 11,715 22,914 Collateral held against F.R. notes * Gold certificate account 1 11.067 Special Drawing Rights certif. acct. 8,518 Other Eligible assets -0- U.S. govt, and agency securities 211,716 Total collateral '231,301 TOTAL RESERVE BANK CREDIT 1. Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. Components may not add to totals due to rounding. FR2110WV.M3) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis