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. '•?f5SfSS?? H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks September 21, 1989 Millions of dollars Averac fes 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 20, 1989 Sep 13, 1989 Sep 21, 1988 Sep 20, 1989 Reserve Bank credit1 2 261,976 + 2,221 + 3,470 272,423 U.S. government securities Bought outright—system account 218,362 - 689 - 5,524 218,876 Held under repurchase agreements 1,082 + 1,082 - 3,058 7,571 Federal agency obligations Bought outright 6,555 0 - 636 6,555 Held under repurchase agreements 255 • 255 - 1,441 1,785 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 276 • 243 - 542 482 Seasonal credit 447 •f 19 • 25 453 Extended credit 23 + 5 - 1,648 27 Float 1,043 • 416 + 53 1,807 Other F.R. assets 33,931 • 890 + 16,239 34,866 Gold stock 11,066 - 1 • 4 11,065 Special drawing rights certificate account 8,518 0 • 3,500 8,518 Treasury currency outstanding 19,372 _ 14 + 761 19,372 Total factors supplying reserve funds 300,931 2,234 _ 7,734 311,378 Currency in circulation* 248,808 - 1,408 + 12,638 248,239 Treasury cash holdings* 435 • 10 + 46 435 Deposits, other than reserve balances, with F.R. Banks Treasury 6,486 • 1,937 - 2,485 11,476 Foreign 243 - 27 • 12 192 Service-related balances and adjustments3 1,916 + 145 + 103 1,604 Other 419 + 147 - 48 299 Other F.R. liabilities and capital 7,619 + 241 - 97 7,636 Total factors, other than reserve balances, absorbing reserve funds 265,926 + 1,045 + 10,170 269,881 Reserve balances with F.R. Banks* 35,005 + 1,189 - 2,436 41,497 On September 20, 1989, marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 239,324 million, a change of - $ 1,996 million for the week. 1 Net of $ 6,515 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 6,389 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 6,001 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 6,001 million was with foreign official and international accounts. Includes $ 303 million securities !oaned--fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,604 million and adjustments of $ 312 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 20, 1989 Sep 13, 1989 Sep 21, 1988 ASSETS Gold certificate account 11,065 0 • 2 Special drawing rights certificate account 8,518 0 • 3,500 Coin j 454 • 20 • 76 Loans 962 + 479 . 6,411 Acceptances 0 0 0 Federal agency obligations I Bought outright 6,555 0 - 636 Held under repurchase agreements1 1,785 + 1,785 - 1,754 U.S. government securities Bought outright—Bills 96,313 - 311 - 10,761 Notes 91,950 0 + 4,466 Bonds 30,614 0 + 1,121 Total bought outright2 218,876 - 311 - 5,175 Held under repurchase agreements1 7,571 + 7,571 - 5,967 Total U.S. government securities 226,447 + 7,259 - 11,142 Total loans and securities 235,749 + 9,524 - IS, 943 Items in process of collection (1,178) 7,722 • 1,182 + S8 Bank premises 776 0 • 41 Other assets3 34,091 • 1,088 • 16,696 TOTAL ASSETS (1,178) 298,374 • 11,813 + 429 LIABILITIES Federal Reserve notes 229,756 - 1,580 + 11,856 Deposits Depository institutions 43,101 + 7,091 - 2,670 U.S. Treasury—general account 11,476 + 6,019 - 7,538 Foreign—official accounts 192 4- 4 - 20 Other 299 • 34 - 45 Total deposits 55,069 •f 13,148 - 10,272 Deferred availability cash items (1,178) 5,914 • 98 - 902 Other liabilities and accrued dividends4 2,994 + 43 - 371 TOTAL LIABILITIES (1,178) 293,733 + 11,708 + 311 CAPITAL ACCOUNTS Capital paid in 2,197 • 32 • 107 Surplus 2,006 • 35 - 41 Other capital accounts [ 439 + 37 • 53 * 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 $ 6,001 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 303 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 $ 94 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 20, 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 Weekly HeeKly Holdings Holdings changes changes Nithin 15 days 899 0 HHiitthhiinn 1155 ddaayyss 8,986 + 716 163 + 147 16 days to 90 days 62 0 1166 ddaayyss ttoo 9900 ddaayyss 49,019 1,662 626 147 Over 90 days 0 0 9911 ddaayyss ttoo 11 yyeeaarr 69,683 • 635 1,343 0 OOvveerr 11 yyeeaarr ttoo 55 yyeeaarrss 51,537 0 3,230 0 OOvveerr 55 yyeeaarrss ttoo 1100 yyeeaarrss 13,145 0 1,004 0 OOvveerr 1100 yyeeaarrss 26,506 0 189 0 Total 962 0 TToottaall 218,876 311 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 20, 1989 Millions of dollars Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San City Francisco ASSETS Gold certificate account 11,065 699 3,416 400 661 943 508 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 454 24 16 34 28 71 62 30 31 14 31 39 76 Loans 962 3 0 9 84 40 27 305 170 140 100 32 52 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 1,785 0 1,785 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright—Bills 96,313 5,993 33,948 2,779 5,541 7,982 4,399 11,442 2,965 1,621 3,852 4,046 11,744 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 218,876 13,620 77,150 6,316 12,592 18,140 9,997 26,002 6,739 3,685 8,753 9,196 26,688 Held under repurchase agreements1 7,571 0 7,571 0 0 0 0 0 0 0 0 0 0 Total U.S. govt, securities 226,447 13,620 84,720 6,316 12,592 18,140 9,997 26,002 6,739 3,685 8,753 9,196 26,688 Total loans and securities 235,749 14,031 88,816 6,515 13,053 18,723 10,323 27,086 7,111 3,935 9,115 9,503 27,540 Items in process of collection 8,900 596 1,009 502 356 636 854 782 410 429 1,100 599 1,628 Bank premises 776 91 37 46 34 130 59 109 22 26 48 24 150 Other assets3 34,091 1,118 8,420 1,309 1,561 1,756 2,418 5,901 815 837 1,155 4,525 4,274 Interdistrict settlement account -1 +1,627 •3,394 • 236 +1,722 +1,702 -2,401 +333 -708 -51 -1,768 -1,436 -2,651 TOTAL ASSETS 299,553 18,716 108,004 9,288 17,923 24,706 12,153 36,702 8,342 5,540 10,538 14,300 33,340 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 $ 6,001 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 303 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 $ 94 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 20, 1989 Millions of dollars Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San City Francisco LIABILITIES Federal Reserve notes 229,756 15,853 81,002 6,760 15,236 20,529 7,434 30,925 6,553 4,105 7,921 11,069 22,369 Deposits Depository institutions 43,101 2,176 12,227 1,769 1,967 3,164 3,527 4,069 1,258 829 1,285 2,238 8,591 U.S. Treasury—general account 11,476 0 11,476 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 192 5 82 7 8 9 14 19 4 5 6 11 21 Other 299 1 156 1 1 32 1 98 1 1 3 3 2 Total deposits 55,069 2,182 23,941 1,777 1,976 3,205 3,542 4,186 1,263 835 1,294 2,253 8,615 Deferred credit items 7,092 322 651 464 295 439 623 639 307 416 1,024 531 1,382 Other liabilities and accrued dividends1 2,994 175 1,157 85 161 231 133 343 86 51 113 120 339 TOTAL LIABILITIES 294,911 18,532 106,751 9,087 17,668 24,404 11,732 36,094 8,209 5,407 10,352 13,972 32,704 CAPITAL ACCOUNTS Capital paid in 2,197 81 579 101 118 137 214 282 62 67 86 171 298 Surplus 2,006 75 566 71 115 123 196 273 58 48 87 102 291 Other capital accounts 439 28 108 29 22 42 11 53 13 17 13 56 46 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 299,553 18,716 108,004 9,288 17,923 24,706 12,153 36,702 8,342 5,540 10,538 14,300 33,340 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 276,765 18,873 87,182 9,807 17,727 24,654 12,235 34,713 8,156 5,162 10,703 14,612 32,941 Lass—Held by F.R. Banks 47,010 3,020 6,180 3,047 2,491 4,125 4,802 3,788 1,603 1,057 2,782 3,543 10,572 F.R. notes> net 229,756 15,853 81,002 6,760 15,236 20,529 7,434 30,925 6,553 4,105 7,921 11,069 22,369 Collateral held against F.R. notes Gold certificate account 11,065 Special drawing rights certificate account 8,518 Other eligible assets 0 U.S. govt, and agency securities 210,172 Total collateral 229,756 1 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