H.4.1 Factors Affecting Reserve Balances of Depository Institutions

•;*jysk*; FEDERAL RESERVE These data are scheduled for release each Thursday. The exact time of each release will be announced, when ?f«LRp?: 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 27, 1989 Averages of daily figu res (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 2266,, 11998899 July 19, 1989 July 27, 1988 July 26, 1989 Reserve Bank credit: 1 2 259,467 - 681 + 8,066 260,027 U.S. government securities- Bought outright—system account 219,753 - 1,673 - 3,637 219,897 Held under repurchase agreements — — ~~ 818 » Federal agency obligations- Bought outright 6,609 - 45 - 592 6,609 Held under repurchase agreements — — — 118 —— Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 675 - 12 — 2,723 622 Includes: seasonal borrowing of 513 + 8 + 110 453 extended credit of 55 - 69 - 2,633 58 Float 858 + 329 + 52 805 Other F.R. assets 31,573 + 722 + 15,903 32,094 Gold stock 11,066 — + 3 11,067 Special Drawing Rights certificate account 8,518 — + 3,500 8,518 Treasury currency outstanding 19,253 + 14 + 734 19,253 Total factors supplying reserve funds 298,304 — 667 + 12,303 298,864 Currency in circulation* 248,853 - 1,277 + 13,973 248,655 , Treasury cash holdings* 464 - 1 + 58 455 Deposits, other than reserve balances, with F.R. Banks: Treasury 5,025 - 130 + 1,431 4,925 Foreign 210 — - 105 200 Service-related balances and adjustments 3 1,999 + 322 + 64 1,591 Other 318 + 90 - 39 483 Other F.R. liabilities and capital 7,818 - 97 + 426 7,590 Total factors, other than reserve balances, absorbing reserve funds 264,687 - 1,093 + 15,809 263,900 Reserve balances with F.R. Banks4 33,616 + 426 - 3,506 34,964 On July 26, 1989 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 237,112 million, an increase of $ 2,281 million for the week. 1 Net of $ 7,955 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 5,203 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 7,775 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 5,390 million was with foreign official and international accounts. Includes $ 513 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,591 million and adjustments of $ 407 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 Wednesday Wednesday Wednesday July 26. 1989 July 19. 1989 July 27. 1988 ASSETS Gold certificate account 11,067 5 Special Drawing Rights certificate account 8,518 .+ 3,500 Coin 443 14 + 69 Loans 622 9 2,793 Acceptances- Held under repurchase agreements Federal agency obligations- 6,609 45 592 Sought outright Held under repurchase agreements1 U.S. government securities: 97,184 88 - 6,566 Bought outright—Bills 92,300 + 4,816 Notes 30,414 + 921 Bonds 219,897 + 88 - 830 Total bought outright 2 Held under repurchase agreements1 219897 + 88 _ 830 t Total U.S. government securities Z27,128 + 33 - 4,215 Total loans and securities (1140) 6,234 - 1,140 - 1,005 Cash items in process of collection 767 + 38 Bank premises 31.327 + 1,525 + 16,296 Other assets 3 (1140) 285,483 + 432 + 14,687 TOTAL ASSETS LIABILITIES Federal Reserve notes 230,300 1,000 13,081 Deposits: Depository institutions 36,555 + 2 ,080 - 87 U.S. Treasury—general account 4,925 - 59 + 1,435 Foreign—official accounts 200 - 41 - 143 Other 483 + 229 + 161 Total deposits 42,164 + 2 ,209 + 1,367 Deferred availability cash items (1140) 5,429 - 712 - 194 Other liabilities and accrued dividends4 2,881 - 45 + 293 TOTAL LIABILITIES (1140) 280,774 + 453 + 14,547 CAPITAL ACCOUNTS Capital paid in 2,154 _ 8 + 36 Surplus 2,112 — + 65 Other capital accounts 443 - 12 + 39 * 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 $ -0- million was outstanding at the end of the latest statement week. 2 Net of $ 7,775 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 513 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 $ 23 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 to totals due to rounding. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, July 26, 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 545 8,743 + 1,864 101 - 105 16 days to 90 days 77 47,967 - 1,684 657 + 30 91 days to 1 year — 70,984 - 92 1,396 + 87 Over 1 year to 5 years — 52,274 — 3,249 - 62 Over 5 years to 10 years — 13,623 — 1,016 + 5 Over 10 years 26,306 — 118899 — -- Total o22 219,897 ++ 88 66,,660099 45 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 26, 19H9 Millions of dollars Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis K C an it s y a s Dallas Fra S n a ci n s co 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 443 34 12 33 25 62 61 30 30 14 31 38 73 Loans 622 6 2 16 11 7 21 53 169 187 62 18 70 Acceptances held under repurchase agreements — — — — — — — — — — — — -- Federal agency obligations: Bought outright 6,609 411 2,329 191 380 548 302 785 203 Ill 264 278 806 Held under repurchase agreements 1 — — — — — — ~ — — — — — — U.S. government securities: Bought outright-Bills 97,184 6,047 34,255 2,804 5,591 8,054 4,439 11,545 2,992 1,636 3,886 4,083 11,850 Notes 92,300 5,744 32,534 2,664 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 1,750 2,521 1,389 3,613 936 512 1.216 1,278 3,708 Total bought outright 2 219,897 13,683 77,509 6,346 12,650 18,224 10,044 26,123 6,770 3,702 8,794 9,239 26,813 Held under repurchase agreements 1 — — __ — — — — — — — — — — Total U.S. government securities 219,897 13,683 77,509 6,346 12.650 18,224 10,044 26.123 6.770 3,702 8.794 9,239 26.813 Total loans and securities 227,128 14,101 79,841 6,552 13,041 18,779 10,367 26,961 7,143 4,000 9,121 9,534 27,688 Items in process of collection 7,374 361 856 347 256 371 680 582 406 348 1,092 605 1,470 Bank premises 767 91 31 46 34 129 59 108 21 26 47 24 150 Other assets 3 31,327 1,054 7,520 1,212 1,450 1,716 2,199 5,513 745 764 1,066 4,318 3,770 Interdistrict settlement account -0- + 1,322 + 6,413 - 315 + 829 + 2,562 - 2,091 -1,865 - 757 r 289 - 1.480 - 1,140 - 3,190 TOTAL ASSETS 286,623 18,192 100,988 8,522 16,803 25,307 12,112 33,790 8,249 5,214 10,733 14,426 32,287 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 iatest statement week. 2 Net of $ 7,775 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 513 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 $ 23 million in Treasury Bills maturing within 90 days. Components may not add to totals due to rounding. 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 26, 1989 Millions of dollars Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas 5an City Francisco L ABILITIES Federal Reserve notes 230.300 15,392 81,504 6,318 14,999 20,982 7,980 29,389 6 ,716 4 ,226 8,334 11,656 22,805 Deposits: Depository institutions 36.555 2,113 11,054 1,574 1,135 3,332 2,983 2,899 940 442 1,016 1,815 7,252 U.S. Treasury—general account 4,925 4,925 Foreign—official accounts 200 5 91 7 8 9 14 19 4 5 6 11 21 Other 483 1 388 1 2 41 2 30 1 1 3 10 2 Total deposits 42,164 2,119 16,458 1,582 1,145 3,382 2,998 2,949 945 448 1,025 1,837 7,275 Deterred credit items 6,569 322 736 324 237 400 554 488 367 347 1,068 508 1,217 Other liabilities and accrued dividends* 2.881 178 1.005 84 165 237 136 349 88 52 116 121 349 TOTAL LIABILITIES 281,914 18,011 99,703 8,308 16,546 25,001 11,669 33,175 8 ,116 5 ,074 10,543 14,123 31,646 TAPlTAt APiVMlNTS Capital paid in 2,154 79 578 100 117 138 213 281 61 67 86 137 296 Surplus 2,112 75 566 103 115 123 196 273 58 67 87 158 291 Other capital accounts 443 28 141 11 25 46 35 61 14 7 16 53 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 286,623 18,192 100,988 8,522 16,803 25,307 12,112 33,790 8,249 5,214 10,733 14,426 32,287 FEDERAL RlSERVrAeiNTS1 " ACCOUNTS F.R notes outstanding 274,225 18,391 86,389 9,635 17,484 24,664 12,505 32,548 8,426 5,332 11,049 15,058 32,744 Less Held by F.R Banks 1 43,925 3,000 4,886 3,317 2,485 3,681 4,525 3,159 1,709 1,107 2,715 3,402 9,938 F.R notes, net 230.300 15,392 81,504 6.318 14,999 20,982 7,980 29,389 6,716 4,226 8,334 11,656 22,805 Collateral held against F.R. notes ' Gold certificate account 11,067 Special Drawing Rights certif. acct. 8,518 Other Eligible assets -0- U.S. govt, and agency securities 210.716 Total collateral j 230,300 TOTAL RESERVE BANK CREDIT 1. Includes exchange translation account reflecting the monthly revaluation at market exchange rates nf foreign exchange commitments. Components may not add to totals due to rounding. FR 211 (*•«. «t3) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis