H.4.1 Factors Affecting Reserve Balances of Depository Institutions

SSSSsi 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 September 14, 1989 Millions of dollars Averac ies of daily figures RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt Week ended Change from week ended Wednesday FF..RR.. BBaannkkss,, RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss Sep 13, 1989 Sep 6, 1989 Sep 14, 1988 Sep 13, 1989 Reserve Bank credit1 2 259,756 + 1,478 4 4,844 260,727 U.S. government securities Bought outright—system account 219,051 + 637 - 4,989 219,188 Held under repurchase agreements 0 0 - 984 0 Federal agency obligations Bought outright 6,555 - 38 - 636 6,555 Held under repurchase agreements 0 0 - 304 0 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 33 0 - 125 24 Seasonal credit 429 - 30 + 35 438 Extended credit 18 - 1 - 2,461 21 Float 627 - 352 - 565 723 Other F.R. assets 33,042 + 1,263 + 14,862 33,778 Gold stock 11,066 0 + 4 11,066 Special drawing rights certificate account 8,518 0 + 3,500 8,518 Treasury currency outstanding 19,354 + 10 + 757 19,354 Total factors supplying reserve funds 298,694 _ 1,488 _. 9,096 299,665 Currency in circulation* 250,214 + 579 + 12,760 249,832 Treasury cash holdings* 424 0 + 35 424 Deposits, other than reserve balances> with F.R. Banks Treasury 4,549 - 270 + 563 5,458 Foreign 270 + 19 + 49 187 Service-related balances and adjustments3 1,778 - 43 - 8 1,611 Other 272 - 34 - 60 265 Other F.R. liabilities and capital 7,378 + 300 - 211 7,488 Total factors> other than reserve balances, absorbing reserve funds 264,883 + 553 + 13,127 265,264 Reserve balances with F.R. Banks4 33,811 + 936 - 4,030 34,400 On September 13, 1989, marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 241,320 million, a change of + $ 652 million for the week. 1 Net of $ 5,826 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 5,826 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. government securities. 2 Net of $ 5.690 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 5,690 million was with foreign official and international accounts. Includes $ 123 million securities ioaned-fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,611 million and adjustments of $ 167 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 Sep 13, 1989 Sep 6, 1989 Sep 14, 1988 ASSETS Gold certificate account 11,066 - 1 + 4 Special drawing rights certificate account 8,518 0 + 3,500 Coin 434 + 5 + 74 Loans 483 - 49 _ 2,424 Acceptances 0 0 0 Federal agency obligations Bought outright 6,555 0 - 636 Held under repurchase agreements1 0 0 - 651 U.S. government securities Bought outright—Bills 96,624 + 56 - 9,955 Notes 91,950 0 + 4,466 Bonds 30,614 0 + 1,121 Total bought outright2 219,188 + 56 - 4,368 Held under repurchase agreements1 000 000 - 2,037 Total U.S. government securities 222111999,,,111888888 +++ 555666 - 6,405 Total loans and securities 222222666,,,222222555 +++ 666 - 10,117 - - Items in process of collection (909) 6,539 2,817 1,061 Bank premises 776 0 + 42 Other assets3 33,003 + 1,647 + 15,361 TOTAL ASSETS (909) 286,561 - 1,159 + 7,803 LIABILITIES Federal Reserve notes 231,336 - 638 + 12,090 Deposits Depository institutions 36,011 + 615 - 4,406 U.S. Treasury—general account 5,458 + 921 + 612. Foreign—official accounts 187 - 22 - 11 Other 265 + 2 - 74 Total deposits 41,921 + 1,515 - 3,87S Deferred availability cash items (909) 5,816 .. 2,428 - 449 Other liabilities and accrued dividends* 2,951 + 20 + 36 TOTAL LIABILITIES (909) 282,024 - 1,530 + 7,798 CAPITAL ACCOUNTS Capital paid in 2,164 + 2 + 79 Surplus 1,970 + 92 - 77 Other capital accounts 402 + 277 + 2 * Figures in parentheses are the eliminations made in the consolidation 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 $ 5,690 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 123 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 $ 79 million in Treasury bills maturing within 90 days. 4 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. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, SEPTEMBER 13, 1989 Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements. Millions of dollars U.S. government Federal agency securities obligations LLooaannss AAcccceeppttaanncceess Neekly Neekly Holdings Holdings changes changes Within 15 days 202 0 WWiitthhiinn 1155 ddaayyss 88,,227711 + 1,191 16 + 16 16 days to 90 days 281 0 1166 ddaayyss ttoo 9900 ddaayyss 5500,,668811 1,566 773 + 54 Over 90 days 0 0 9911 ddaayyss ttoo 11 yyeeaarr 6699,,004488 + 431 1,343 40 OOvveerr 11 yyeeaarr ttoo 55 yyeeaarrss 5511,,553377 0 3,230 30 OOvveerr 55 yyeeaarrss ttoo 1100 yyeeaarrss 1133,,114455 0 1,004 0 OOvveerr 1100 yyeeaarrss 2266,,550066 0 189 0 Total 483 0 TToottaall 221199,,118888 + 56 6,555 0 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 (b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER 13, 1989 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City 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 434 24 14 32 27 67 62 28 28 13 30 36 71 Loans 483 0 0 13 9 0 29 47 173 130 40 25 17 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Federal agency obligations Bought outright 6,555 408 2,311 189 377 543 299 779 202 110 262 275 799 Held under repurchase agreements1 0 0 0 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright—Bills 96,624 6,013 34,058 2,788 5,559 8,008 4,413 11,479 2,975 1,627 3,864 4,059 11,782 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 outright2 219,188 13,639 77,259 6,325 12,609 18,166 10,011 26,039 6,748 3,690 8,766 9,209 26,726 Held under repurchase agreements1 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt, securities 219,188 13,639 77,259 6,325 12,609 18,166 10,011 26,039 6,748 3,690 8,766 9,209 26,726 Total loans and securities 226,225 14,047 79,570 6,527 12,995 18,709 10,340 26,865 7,123 3,930 9,068 9,509 27,543 Items in process of collection 7,448 414 840 316 299 504 692 622 310 378 1,111 612 1,350 Bank premises 776 91 37 46 34 130 59 109 21 26 48 24 150 Other assets3 33,003 1,106 7,977 1,310 1,543 1,737 2,404 5,833 809 833 1,144 4,504 3,804 Interdistrict settlement account 0 +1,555 +3,336 +334 +1,181 +1,975 -2,132 +274 -766 -248 -1,825 -1,891 -1,792 TOTAL ASSETS 287,470 18,468 98,086 9,211 17,249 24,810 12,263 36,191 8,187 5,283 10,432 13,840 33,450 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 $ 5,690 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 123 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 $ 79 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 SEPTEMBER 13, 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 231,336 15,832 81,842 6,803 15,254 20,939 7,107 31,117 6,635 4,126 8,099 11,085 22,496 Deposits Depository institutions 36,011 1,909 7,506 1,804 1,342 2,864 3,994 3,483 1,096 580 974 1,867 8,592 U.S. Treasury—general account 5,458 0 5,458 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 187 5 77 7 8 9 14 19 4 5 6 11 21 Other 265 0 108 1 1 62 1 83 1 1 2 3 2 Total deposits 41,921 1,915 13,150 1,812 1,351 2,934 4,008 3,585 1,101 586 983 1,881 8,615 Deferred credit items 6,725 361 737 316 245 407 604 539 231 392 1,051 472 1,369 Other liabilities and accrued dividends1 2,951 178 1,081 87 162 241 136 346 87 52 115 122 344 TOTAL LIABILITIES 282,933 18,287 96,810 9,019 17,013 24,522 11,855 35,586 8,054 5,155 10,249 13,561 32,824 CAPITAL ACCOUNTS Capital paid in 2,164 81 579 101 118 137 214 282 61 67 86 139 298 Surplus 1,970 75 566 71 115 123 160 273 58 48 87 102 291 Other capital accounts 402 25 131 20 Z_ 28 33 50 14 12 10 38 37 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 287,470 18,468 98,086 9,211 17,249 24,810 12,263 36,191 8,187 5,283 10,432 13,840 33,450 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 276,733 18,841 87,667 9,780 17,599 24,868 11,751 34,688 8,199 5,184 10,837 14,595 32,723 Less—Held by F.R. Banks 45,397 3,008 5,825 2,977 2,345 3,928 4,644 3,571 1,565 1,059 2,738 3,510 10,227 F.R. notes, net 231,336 15,832 81,842 6,803 15,254 20,939 7,107 31,117 6,635 4,126 8,099 11,085 22,496 Collateral held against F.R. notes Gold certificate account 11,066 Special drawing rights certificate account 8,518 Other eligible assets 0 U.S. govt, and agency securities 211,753 Total collateral 231,336 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. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis