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. H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks August 3, 1989 Averages of daily figures (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 AAuugguusstt 22,, 11998899 July 26, 1989 August 3, 1988 August 2, 1989 Reserve Bank credit: 1 2 259,188 293 + 6,613 260,626 U.S. government securities- Bought outright—system account 218,596 1,157 - 5,700 219,425 Held under repurchase agreements — — — -- Federal agency obligations- Bought outright 6,609 — 592 6,609 Held under repurchase agreements — — -- -- Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 643 32 - 2,859 660 Includes: seasonal borrowing of 509 4 + 100 495 extended credit of 56 — - 2,790 54 Float 797 53 31 1,134 Other F.R. assets 32,544 + 949 + 15,796 32,798 Gold stock 11,066 — + 3 11,066 Special Drawing Rights certificate account 8,518 -- + 3,500 8,518 Treasury currency outstanding 19,309 + 14 « + 777 19,309 Total factors supplying reserve funds 298,082 ~ 279 1 + 10,894 299,520 Currency in circulation* 248,701 196 + 13,398 249,181 Treasury cash holdings* 453 11 + 56 448 Deposits, other than reserve balances, with F.R. Banks: Treasury 5,149 + 124 + 1,739 4,808 Foreign 265 + 55 + 3 228 Service-related balances and adjustments 3 1,841 154 108 1,589 Other 291 27 10 228 Other F.R. liabilities and capital 8,115 + 297 + 910 8,400 Total factors, other than reserve balances, absorbing reserve funds 264,816 + 89 + 15,988 264,881 Reserve balances with F.R. Banks4 33,266 368 5,094 34,639 On August 2, 1989 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $238,158 million, an increase of $1,046 million for the week. 1 Net of $ 7,793 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $5,859 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 7,185 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $5,745 million was with foreign official and international accounts. Includes $ 75^ million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,589 million and adjustments of $253 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 OP CONDITION OP ALL FEDERAL RESERVE BANKS Millions of dollars Change since •• WWeeddnneessddaayy Wei dnesday Wedne sday August 2 , 1989 July 26, 1989 August 3, • 1Q88 ASSETS Gold certificate account 11,066 + 4 Special Drawing Rights certificate account 8,518 + 3,500 Coin 446 + 3 + 74 Loans 660 + 37 - 2,686 Acceptances- Held under repurchase agreements — — — Federal agency obligations- Bought outright 6,609 — 592 Held under repurchase agreements 1 — — — U.S. government securities: Bought outright—Bills 96,712 472 - 9,863 Notes 92,300 — + 4,816 Bonds 30,414 — + 921 Total bought outright? 219,425 - 472* - 4,127 Held under repurchase agreements 1 — — Total U.S. government securities 219,425 ^^447722 4,127 Total loans and securities 226,694 _ 435 _ 7,405 Cash items in process of collection (1027) 7,595 + 1,361 + 215 Bank premises 768 + 1 + 37 Other assets 3 32,030 + 704 + 15,516 TOTAL ASSETS (1027) 287,117 + 1,634 + 11,941 LIABILITIES Federal Reserve notes 230,765 + 465 + 12,541 Deposits: Depository institutions 36,228 - 328 - 3,203 U.S. Treasury—general account 4,808 - 118 + 1,348 Foreign—official accounts 228 + 27 + 19 Other 228 - 254 - 35 Total deposits 41,491 - 672 - 1,872 Deferred availability cash items (1027) 6,461 + 1,032 - 194 Other liabilities and accrued dividends4 2,800 _ 81 + 276 TOTAL LIABILITIES (1027) 281,517 + —Tft + 10,751 CAPITAL ACCOUNTS Capital paid in 2,156 + 2 + 38 Surplus 2,112 — + 65 Other capital accounts 1,332 + 889 + 1,087 * 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 $ 7.185 million matched sale-purchase transactions outstanding at the end of the tateet statement week. Includes $ 751 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 $ 43 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, August 3, 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 Holdinge | Weekly changes Holdings |Weekly changes Within 15 days 355 — 13,287 + 4,544 101 16 days to 90 days ! 305 — 46,723 - 1,245 721 + 64 91 days to 1 year — 67,903 - 3,080 1,433 + 37 — Over 1 year to 5 years — — 51,583 - 691 3,249 — Over 5 years to 10 years — — 13,623 — 1,016 — Over 10 years ! — 26,306 — 189 — Total 660 219,425 472 6,609 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 August 2, 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 11,066 699 3,417 400 661 943 508 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 446 34 11 33 26 63 63 29 29 13 31 38 75 Loans 660 7 9 1 10 6 98 50 163 185 55 16 60 Acceptances held under repurchase agreements Federal agency obligations: Bought outright 6,609 411 2,329 191 380 548 302 785 203 111 264 278 806 Held under repurchase agreements 1 U.S. government securities: Bought outright-Bills 96,712 6,018 34,089 2,791 5,564 8,015 4,417 11,489 2,978 1,628 3,868 4,063 11,792 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 2 219,425 13,654 77,343 6,332 12,623 18,185 10,022 26,067 6,756 3,694 8,775 9,219 26,755 Held under repurchase agreements 1 Total U.S. government securities 219,425 13,654 77,343 6,332 12,623 18,185 10,022 26,067 6,756 3,694 8,775 9,219 26,755 Total loans and securities 226,694 14,073 79,681 6,523 13,013 18,739 10,422 26,902 7,122 3,990 9,095 9,512 27,622 Items in process of collection 8,622 438 827 593 309 566 775 784 273 400 1,170 688 1,799 Bank premises 768 91 31 46 34 129 59 109 22 26 47 24 150 Other assets 3 32,030 1,093 7,808 1,231 1,513 1,702 2,300 5,661 776 793 1,108 4,392 3,652 Interdistrict settlement account -o- +908 +5,777 -488 +1,040 +2,093 +1,949 -979 -724 -276 -1,459 -1,358 -2,585 TOTAL ASSETS 1 288,144 17,868 100,449 8,585 17,104 24,981 12,50$ 34,967 8,158 5,298 10,848 14,341 33,036 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 $ 7,185 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 751 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 $ 43 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 August 2, 1989 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 230,765 15,207 82,083 6,309 15,127 21,009 7,744 29,589 6,757 4,155 8,347 11,520 22,919 Deposits: Depository institutions 36,228 1,906 9,904 1,505 1,222 2,878 3,445 3,658 907 513 993 1,798 7,499 US Treasury—general account 4,808 4,808 Foreign—official accounts 228 5 118 7 8 9 14 19 4 5 6 11 21 Other i 228 113 1 2 37 2 49 1 1 8 11 1 Total deposits H 41,491 1,912 14,942 1,513 1,232 2,924 3,462 3,726 912 519 1,008 1,820 7,521 Deferred credit items 7,488 362 903 426 284 463 647 593 224 406 1,156 525 1 ,499 Other liabilities and accrued dividends1 2,800 173 979 84 156 227 128 335 107 50 112 116 333 TOTAL LIABILITIFS 282,544 17,654 98,907 8,332 16,799 24,624 11,981 34,244 7,999 5,130 10,623 13,980 32,272 CAPITAL ACCOUNTS Capital paid in 2,156 79 578 100 118 138 213 281 61 67 87 137 297 Surplus 2,112 75 566 103 115 123 196 273 58 67 87 158 291 Other capital accounts 1,332 60 397 50 72 96 119 169 40 35 51 66 176 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 288,144 17,868 100,449 8,585 17,104 24,981 12,509 34,967 8,158 5,298 10,848 14,341 33,036 FEDERAL RESERVE AGENTS' ACCOUNTS F.R notes outstanding 275,083 18,369 87,235 9,551 17,588 24,596 12,286 32,863 8,395 5,310 11,011 14,998 32,883 Less Held by F.R. Banks 1 44,318 3,162 5,152 3,242 2,460 3,587 4,542 3,274 1,638 1,154 2,664 3,478 9,965 F.R notes, net 230,765 1155,,220077 8822,,008833 66,,330099 1155,,112277 2211,,000099 77,,774444 2299,,558899 66,,775577 44,,115555 88,,334477 1111,,552200 22,919 Collateral held against F.R. notes*2 Gold certificate account 11,066 Special Drawing Rights certif. acct. 8,518 Other Eligible assets -0- U.S. govt, and agency securities 211,181 Total collateral !230,765 TOTAL RESERVE BANK CREDIT 1. Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreian exchange commitments. Components may not add to totals due to rounding. FR211 (R*v WS3) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis