H.4.1 Factors Affecting Reserve Balances of Depository Institutions

' Of cOVt • ^ FEDERAL RESERVE » »*— —— ov: These data are scheduled for release each Thursday. The exact time of each release will be announced, when "f^rtfsiV 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 17, 1989 Averages of daily figur es (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 1166,,11998899 August 9, 1989 Augus t 17,1988 August 16, 1989 Reserve Bank credit: 1 2 260,007 - 368 + 8,020 259,473 U.S. government securities- Bought outright—system account 219,175 - 303 - 4,567 219,577 Held under repurchase agreements — — — — Federal agency obligations- Bought outright 6,609 — - 583 6,609 Held under repurchase agreements — — — — Acceptances- Bought outright — — — — Held under repurchase agreements — • — — — Loans to depository institutions 580 - 128 - 2,687 579 Includes: seasonal borrowing of 487 + 2 + 64 490 extended credit of 60 + 6 - 2,651 67 Float 684 + 87 + 315 856 Other F.R. assets 33,020 - 23 + 15,542 31,853 Gold stock 11,066 — + 4 11,066 Special Drawing Rights certificate account 8,518 — + 3,500 8,518 Treasury currency outstanding 19,314 + 10 + 762 19,314 Total factors supplying reserve funds 298,966 - 358 + 12,286 298,372 Currency in circulation* 249,831 + 257 + 13,365 249,722 Treasury cash holdings* 431 - 4 + 33 427 Deposits, other than reserve balances, with F.R. Banks: Treasury 5,747 + 204 + 3,071 4,612 Foreign 282 + 27 + 59 239 Service-related balances and adjustments3 1,881 - 96 - 117 1,593 Other 261 + 40 - 96 308 Other F.R. liabilities and capital 7,766 - 852 + 366 7,467 Total factors, other than reserve balances, absorbing reserve funds 266,199 - 423 + 16,681 264,367 Reserve balances with F.R. Banks * 32,766 + 65 - 4,395 34,005 On August 16, 1989 . marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 241,481 million, an increase of $ 2,187 million for the week. 1 Net of $ 6,334 • million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 5,551 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 5,703 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of 5 5,703 million was with foreign official and international accounts. Includes $ 1,510 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,593 million and adjustments of $ 288 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 August 16, 1989 August 9, 1989 Aug ust 17, 1988 ASSETS Gold certificate account 11,066 — + 4 Special Drawing Rights certificate account 8,518 — + 3,500 Coin 461 + 8 + 76 Loans 579 - 699 - 2,777 Acceptances- Held under repurchase agreements — — — Federal agency obligations- Bought outright 6,609 — 582 Held under repurchase agreements'! — — — U.S. government securities: Bought outright—Bills 97,013 - 1,062 - 9,162 Notes 91,950 - 350 + 4,466 Bonds 30,614 + 200 + 1,121 Total bought outright* 219,577 - 1,212 - 3,575 Held under repurchase agreements1 — — — __ -- Total U.S. government securities 219,577 1,212 3,576 Total loans and securities 226,764 - 1,912 - 6,935 Cash items in process of collection - (1,112) 7,349 + 1,398 + 462 Bank premises 769 + 1 + 39 Other assets3 31,084 - 1,255 + 15,354 TOTAL ASSETS (1,112) 286,012 - 1,760 + 12,501 LIABILITIES Federal Reserve notes 231,295 - 199 + 12,740 Deposits: 35,598 - 1,123 - 1,599 Depository institutions U.S. Treasury—general account 4,612 - 1,573 + 940 Foreign—official accounts 239 + 59 + 5 Other 308 + 73 - 16 Total deposits 40,756 - 2,564 - 671 Deferred availability cash items (1,112) 6,494 + 1,151 + 85 Other liabilities and accrued dividends4 2,780 - 119 + 148 TOTAL LIABILITIES (1,112) 281,325 1,731 + 12,302 CAPITAL ACCOUNTS Capital paid in 2,159 + 84 Surplus 2,112 + 65 Other capital accounts 416 29 + 50 * 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 $ 5,703million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 1,510 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. 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 16, 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 369 10,108 - 72 86 86 16 days to 90 days 210 45,468 - 3,870 724 86 91 days to 1 year 72,573 + 2,815 1,344 Over 1 year to 5 years 51,777 + 194 3,264 15 Over 5 years to 10 years 13,145 - 479 1,001 15 Over 10 years 26,506 + 200 189 Total 579 219,577 1,212 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 16, 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 461 31 15 32 28 67 65 29 32 12 32 40 77 Loans 579 9 0 1 10 4 26 50 169 176 46 26 61 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 97,013 6,037 34,195 2,800 5,581 8,040 4,431 11,525 2,987 1,633 3,880 4,076 11,829 Notes 91,950 5,722 32.411 2,653 5,290 7,621 4,200 10,923 2,831 1,548 3,677 3,863 11,212 Bonds 30,614 1,905 10.791 883 1.761 2,537 1,398 3,637 943 515 1,224 1,286 3,733 Total bought outright 2 219,577 13,664 77,396 6,336 12,632 18,198 10,029 26,085 6,760 3,697 8,781 9,225 26,774 Held under repurchase agreements 1 Total U.S. government securities 219,577 13,664 77,396 6,336 12,632 18,198 10,029 26,085 6,760 3,697 8,781 9,225 26,774 Total loans and securities 226,764 14,084 79,726 6,528 13,022 18,750 10,356 26,920 7,133 3,984 9,091 9,529 27,641 Items in process of collection 8,462 383 991 394 322 529 659 748 377 408 1,183 588 1 ,880 Bank premises 769 91 31 46 34 129 59 109 22 26 48 24 150 Other assets 3 31,084 1,020 7,418 1,242 1,444 1,607 2,256 5,590 74 V 779 1 ,065 4,386 3,535 Interdistrict settlement account -o- + 865 + 6.892 + 108 + 1.343 + 1.913 -2,448 797 - 950 - 286 - 1,470 - 1,672 -3.498 TOTAL ASSETS 287,124 17,704 101,385 8,998 17,363 24,683 11,786 35,060 8,015 5,275 10,805 13,941 32,109 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 $ 5,703 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ i 5iomillion securities ioaned-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. 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 16, 1989 Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 231,295 15,159 82,286 6,746 15,279 20,942 7,317 30,331 6,665 4,127 8,357 11,392 22,694 Deposits: Depository institutions 35,598 1,802 11,081 1,580 1,378 2,709 3,289 3,064 818 519 979 1,592 6,787 U.S. Treasury—general account 4,612 — 4,612 — — — — — __ — — — — Foreign—official accounts 239 5 129 7 8 9 14 19 4 5 6 11 21 Other 308 1 156 1 2 33 3 93 1 2 4 11 2 Total deposits 40,756 1,807 15,978 1,588 1,388 2,751 3,305 3,176 823 526 989 1,614 6,809 Deferred credit items 7,606 382 873 368 280 454 588 602 308 431 1,158 515 1,647 Other liabilities and accrued dividends' 2,780 175 959 84 159 231 131 340 85 50 113 117 335 TOTAL LIABILITIES 282,437 17,523 100,096 8,786 17,106 24,378 11,341 34,449 7,882 5,135 10,617 13,639 31,485 CAPITAL ACCOUNTS Capital paid in 2,159 80 578 101 118 138 214 281 61 67 87 139 297 Surplus 2,112 75 566 103 115 123 196 273 58 67 87 158 291 Other capital accounts 416 27 145 9 24 44 35 56 14 6 14 5 36 TOTAL LIABILITIES AND CAPITAL ACCOUNTS | 287,124 17,704 101,385 8,998 17,363 24,683 11,786 35,060 8,015 5,275 10,805 13,941 32,109 ACCOUNTS F.R notes outstanding 276,293 18,277 87,769 9,797 17,829 24,700 11,892 33,741 8,333 5,268 10,947 14,847 32,893 Less Held by F.R. Banks 44,997 3,118 5,484 3,051 2,550 3,758 4,575 3,410 1,668 1,140 2,589 3,455 10,199 F.R notes, net 231,295 15,159 82,286 6,746 15,279 20,942 7,317 30,331 6,665 4,127 8,357 11,392 22,694 Collateral held against F.R. notes'* Gold certificate account I 11,066 Special Drawing Rights certif. acct. | 8,518 Other Eligible assets U.S. govt, and agency securities 211,711 Total collateral 1 231,295 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. FR211(ft«v tt*3) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis