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 September 28, 1989 Millions of dollars Averages o f daily figures RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt Neek ended Change frowi week ended Hednesday FF..RR.. BBaannkkss,, RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss Sep 27, 1989 Sep 20, 1989 Sep 28, 1988 Sep 27, 1989 Reserve Bank credit1 2 263,247 • 1,298 •f 3,970 263,276 U.S. government securities Bought outright—system account 219,099 • 737 - 5,306 219,058 Held under repurchase agreements 699 - 383 - 2,879 1,507 Federal agency obligations Bought outright 6,555 0 - 636 6,555 Held under repurchase agreements 459 • 204 - 2,065 1,058 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 320 + 43 + 214 81 Seasonal credit 474 • 26 • 24 480 Extended credit 24 + 1 - 1,677 24 Float 1,119 + 111 • 210 804 Other F.R. assets 34,497 + 557 • 16,084 33,708 Gold stock 11,065 0 • 2 11,065 Special drawing rights certificate account 8,518 0 • 3,500 8,518 Treasury currency outstanding 19,386 + 14 • 761 19,386 Total factors supplying reserve funds 302,216 + 1,311 + 8,233 302,245 Currency in circulation* 247,601 - 1,207 + 12,505 247,644 Treasury cash holdings* 436 • r-i oQL£o^ :f $$£m?-' + 47 440 Deposits, other than reserve balances, with F.R. Banks Treasury 12,316 • 5,830 + 107 9,768 Foreign 236 - 7 • 1 335 Service-related balances and adjustments3 1,809 - 105 - 50 1,604 Other 412 - 7 - 28 376 Other F.R. liabilities and capital 7,743 • 124 + 69 7,659 Total factors, other than reserve balances, absorbing reserve funds 270,553 • 4,628 + 12,650 267,826 Reserve balances with F.R. Banks4 31,663 - 3,317 - 4,416 34,418 On September 27, 1989, marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 239,416 million, a change of + $ 92 million for the week. 1 Net of $ 5,778 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 5,778 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. government securities. 2 Net of $ 5,819 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 5,819 million was with foreign official and international accounts. Includes $ 258 million securities loaned-fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,603 million and adjustments of $ 206 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 Hednesday Hednesday Nednesday Sep 27, 1989 Sep 20, 1989 Sep 28, 1988 ASSETS Gold certificate account 11,065 0 2 Special drawing rights certificate account 8,518 0 3,500 Coin 472 18 88 Loans 585 376 2,079 Acceptances 0 0 0 Federal agency obligations Bought outright 6,555 0 636 Held under repurchase agreements1 1,058 727 2,036 U.S. government securities Bought outright—Bills 96,495 182 12,543 Notes 91,950 0 4,466 Bonds 30,614 0 1,121 Total bought outright2 219,058 182 6,957 Held under repurchase agreements1 1,507 6,064 1,3536 Total U.S. government securities 220,565 5,882 8,293 Total loans and securities 228,764 6,986 13,043 Items in process of collection (1,014) 6,130 1,591 658 Bank premises 775 1 42 Other assets3 32,933 1,157 15,192 TOTAL ASSETS (1,014) 288,656 9,718 5,122 LIABILITIES Federal Reserve notes 229,171 585 11,786 Deposits Depository institutions 36,021 7,080 1,381 U.S. Treasury—general account 9,768 1,708 4,926 Foreign—official accounts 335 143 • 4 Other 376 77 • 5 Total deposits 46 ,501 8,568 - 6,297 Deferred availability cash items (1,014) 5 ,326 588 - 516 Other liabilities and accrued dividends4 2 ,903 91 - 50 TOTAL LIABILITIES (1,014) 283,901 9,832 4,923 CAPITAL ACCOUNTS Capital paid in 2,198 2 101 Surplus 2,112 106 65 Other capital accounts 445 6 33 * 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 $ 5,819 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 258 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 $ 99 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 27, 19E9 Acceptances and securities held under repurchase agreement J are classified as maturing within 15 days in accordance with maximum maturity of the agreements. Millions of dollars U.S. govc rnm**n t Federal agency securities obligations Leans Acceptances Weekly Weekly Holdings Holdings changes changes — -— Hi-thin 15 days 51) Within 15 days 21 191 28 16 days to 90 days 75 16 d«ys to 9C days 51,446 2,427 619 7 Over 90 days 0 91 deys to 1 yeai 67,*17 2,266 1,339 Over i year •?o 5 years 51,537 0 3,213 17 Over l> years to 10 ysar? l?,I<f5 0 1,004 0 Over lb year-. __ 2*2^06 _P 189 0 Total 58S Tot a) 21>/,t>58 6,555 Components may not add to totals *Hie to ra taiding. 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 27, 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 11,065 699 3,416 400 661 943 508 1,361 370 198 494 613 1,402 Special drawing rights certif. @cct. 8,518 531 2,896 247 508 745 330 1,100 291 153 362 433 922 Coin 472 26 17 35 29 73 63 32 30 14 31 40 82 Loans 585 2 G 6 11 40 31 52 183 141 61 30 29 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 1,058 0 1,058 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright—Bills 96,495 6,005 34,012 2,785 5,551 7,997 4,407 11,463 2,971 1,625 3,859 4,054 11,766 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 219,058 13,631 77,214 6,321 12,602 18,155 10,005 26,023 6,744 3,688 8,760 9,203 26,711 Held under repurchase agreements1 1,507 0 1,507 0 0 0 0 0 0 0 0 0 0 Total U.S. govt, securities 220,565 13,631 78,721 6,321 12,602 18,155 10,005 26,023 6,744 3,688 8,760 9,203 26,711 Total loans and securities 228,764 14,041 82,089 6,516 12,990 18,738 10,336 26,853 7,129 3,940 9,083 9,509 27,538 Items in process of collection 7,144 324 894 429 245 543 653 527 236 384 980 521 1,407 Bank premises 775 91 37 46 34 129 59 109 21 26 48 24 150 Other assets3 32,933 1,1/0 8,545 1,364 1,630 1,840 2,534 3,880 842 877 1,209 4,622 4,420 Interdistrict settlement account -1 + l»3f>6 •5,526 -11 •1,365 +1,464 -2,624 +2,055 -848 -321 -2,115 -2,306 -3,550 TOTAL ASSETS 289,6 70 18,249 103,420 9,026 17,461 24,476 11,859 35,917 8,072 5,271 10,092 13,456 32,372 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 $ 5,819 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 258 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 $ 99 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 27, 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 229,171 15,918 80,790 6,724 15,491 20,496 7,152 31,367 6,573 4,099 7,906 10,851 21,804 Deposits Depository institutions 36,021 1,681 9,392 1,621 1,304 2,978 3,555 2,952 1,064 581 926 1,646 8,321 U.S. Treasury—general account 9,768 0 9,768 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 335 5 225 7 8 9 14 19 4 5 6 11 21 Other 376 0 231 1 2 30 1 103 1 1 1 3 2 Total deposits 46,501 1,686 19,616 1,629 1,314 3,017 3,570 3,074 1,069 587 933 1,661 8,344 Deferred credit items 6,340 286 657 377 239 428 564 503 210 395 954 475 1,253 Other liabilities and accrued dividends1 2,903 171 1,079 81 159 228 132 350 85 50 112 118 339 TOTAL LIABILITIES 284,915 18,061 102,143 8,811 17,202 24,169 11,419 35,294 7,936 5,131 9,904 13,105 31,740 CAPITAL ACCOUNTS Capital paid in 2,198 83 579 101 118 137 214 282 62 67 86 171 298 Surplus 2,112 75 566 103 115 123 196 273 58 67 87 158 291 Other capital accounts 445 30 133 12 26 46 30 68 15 6_ 15 22 43 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 289,670 18,249 103,420 9,026 17,461 24,476 11,859 35,917 8,072 5,271 10,092 13,456 32,372 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 277,492 18,971 87,449 9,746 18,040 24,552 12,055 35,350 8,165 5,142 10,667 14,540 32,815 Less--Held by F.R. Banks 48,322 3,053 6,658 3,023 2,550 4,056 4,903 3,983 1,592 1,043 2,762 3,689 11,010 F.R. notes, net 229,171 15,918 80,790 6,724 15,491 20,496 7,152 31,367 6,573 4,099 7,906 10,851 21,804 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 209,587 Total collateral 229,171 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