H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE These data are scheduled for release each Thursday. The enact 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 December 21, 1989 trillions of dollars Averages o f daily figures RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt Neek ended Change frotrr week ended Nednesday FF..RR.. BBaannkkss?? RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss Dec 20, 1989 Dec 13, 1989 Dec _____ Dec 20, 1989 Reserve Bank credit1 2 267,553 - 157 + 3,668 270,208 U.S. government securities Bought outright—system account 222,609 - 431 - 11,871 222,623 Held under repurchase agreements 232 - 226 - 260 1,622 Federal agency obligations Bought outright 6,525 0 - 493 6,525 Held under repurchase agreements 19 - 5 - 80 130 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 82 + 53 - 111 68 Seasonal credit 87 + 6 - 40 93 Extended credit 20 - 2 - 992 21 Float 1,310 + 477 -. 450 2,100 Other F*R. assets 36,671 - 29 + 17,967 37,028 Gold stock 11,059 0 - 2 11,059 Special drawing rights certificate account 8,518 0 + 3,500 8,518 Treasury currency outstanding 19,592 + 14 * 819 19,592 Total factors supplying reserve funds 306,722 - 144 _ 7,986 309,377 Currency in circulation* 256,683 + 1,334 + 12,371 257,700 Treasury cash holdings* 447 - 1 + 49 447 Deposits, other than reserve balances, with F.R. Banks Treasury 4,402 - 73 - 2,060 5,356 Foreign 252 + 29 _ 18 228 Service-related balances and adjustments3 1,881 - 284 + 92 1,637 Other 337 + 106 - 34 228 Other F.R. liabilities and capital 7,839 - 619 - 291 7,641 Total factors, other than reserve balances, absorbing reserve funds 271,841 + 492 + 10,109 273,237 Reserve balances with F.R. Banks4 34,880 - 635 - 2,124 36,141 On December 20, 1989, marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 232,269 million, a change of - $ 1,443 million for the week. 1 Net of $ 5,541 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 5,541 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. government securities. 2 Net of $ 5,548 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 5,548 million was with foreign official and international accounts. Includes $ 261 million securities loaned-fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,636 million and adjustments of $ 244 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 ** HHeeddnneessddaayy Wednesday Wednesday Dec 20, 1989 Dec 13, 1989 Dec 21, 1988 ASSETS Gold certificate account 11,059 0 - 1 Special drawing rights certificate account 8,518 0 + 3,500 Coin 489 - 7 + 65 Loans 182 + 36 - 779 Acceptances 0 0 0 Federal agency obligations Bought outright 6,525 - 1 - 492 Held under repurchase agreements1 130 - 36 + 95 U.S. government securities Bought outright—Bills 100,428 - 773 - 13,632 Notes 91,381 0 + 531 Bonds 30,814 0 + 885 Total bought outright2 222,623 - 773 - 12,216 Held under repurchase agreements1 11,,662222 **** 11,,558844 + 1,168 Total U.S. government securities 222244,,224455 22,,335577 - 11,048 Total loans and securities 231,081 - 2,358 - 12,225 Items in process of collection (981) 8,516 + 922 _ 494 Bank premises 790 + 1 + 45 Other assets3 36,238 4411 ++ 18,279 —— TOTAL ASSETS ((998811)) 296,691 11,,448822 ++ 9,169 LIABILITIES Federal Reserve notes 239,045 + 1,667 + 11,597 Deposits Depository institutions 37,777 - 3,080 + 3,367 U.S. Treasury—general account 5,356 - 337 - 4,800 Foreign—official accounts 228 + 22 + 27 Other 228 + 11 - 90 Total deposits 43,589 - 3,384 - 1,496 Deferred availability cash items (981) 6,417 + 472 - 898 Other liabilities and accrued dividends* 22,,880088 - 195 - 224 TOTAL LIABILITIES ((998811)) 229911,,885588 - 1,441 + 8,978 CAPITAL ACCOUNTS Capital paid in 2,244 + 12 + 133 Surplus 2,112 0 + 65 Other capital accounts | 477 - 53 - 7 * 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 S 0 million was outstanding at the end of the latest statement week. 2 Net of $ 5,548 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 261 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 $ 70 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, DECEMBER 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. gove rnmen t Federal agency securities obligations LLooaannss AAcccceeppttaanncceess Weekly Weekly Holdings Holdings changes changes Within 15 days 177 0 WWiitthhiinn 1155 ddaayyss 99,,662200 2,670 117777 26 16 days to 90 days 5 0 1166 ddaayyss ttoo 9900 ddaayyss 5522,,118833 + 1,358 449966 140 Over 90 days 0 0 9911 ddaayyss ttoo 11 yyeeaarr 6688,,007766 2,665 11,,338866 0 OOvveerr 11 yyeeaarr ttoo 55 yyeeaarrss 5533,,550099 0 33,,220066 0 OOvveerr 55 yyeeaarrss ttoo 1100 yyeeaarrss 1122,,552299 0 11,,007711 0 OOvveerr 1100 yyeeaarrss 2266,,770066 0 118888 1 Total 182 0 TToottaall 222222,,662244 3,977 66,,552255 166 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 DECEMBER 20, 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 11,059 699 3,410 400 661 943 508 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 489 28 16 34 37 80 53 40 31 13 32 43 81 Loans 182 5 21 14 0 0 28 7 29 17 18 25 16 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Federal agency obligations Bought outright 6,525 406 2,300 188 375 541 298 775 201 110 261 274 796 Held under repurchase agreements1 130 0 130 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright—Bills 100,428 6,249 35,399 2,898 5,777 8,323 4,587 11,930 3,092 1,691 4,016 4,219 12,246 Notes 91,381 5,686 32,210 2,637 5,257 7,573 4,174 10,856 2,813 1,538 3,654 3,839 11,142 Bonds 30,614 1,917 10,861 889 1,773 2,554 1,407 3,661 949 519 1,232 1,295 3,757 Total bought outright2 222,623 13,853 78,470 6,424 12,807 18,450 10,168 26,447 6,854 3,748 8,903 9,353 27,145 Held under repurchase agreements1 1,622 0 1,622 0 0 0 0 0 0 0 0 0 0 Total U.S. govt, securities 224,245 13,853 80,092 6,424 12,807 18,450 10,168 26,447 6,854 3,748 8,903 9,353 27,145 Total loans and securities 231,081 14,264 82,543 6,627 13,183 18,991 10,494 27,229 7,084 3,875 9,182 9,652 27,957 Items in process of collection 9,497 415 1,177 474 362 595 985 1,353 386 462 892 630 1,765 Bank premises 790 91 47 46 34 127 59 110 22 27 52 25 150 Other assets3 36,238 1,320 9,744 1,658 1,886 2,108 3,011 4,467 980 1,039 1,408 3,952 4,667 Interdistrict settlement account 0 +2,657 -227 +518 +1,139 +3,348 -3,789 +1,952 -368 -303 -2,106 -1,550 -1,270 TOTAL ASSETS 297,672 20,005 99,605 10,004 17,809 26,938 11,652 37,612 8,796 5,464 10,316 13,797 35,674 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 v/eek. 2 Net of $ 5,548 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 261 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 $ 70 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 DECEMBER 20, 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 239,045 17,143 81,485 7,585 15,476 23,177 6,513 32,054 7,341 4,126 8,057 11,008 25,Q7£ Deposits Depository institutions 37,777 2,103 9,273 1,782 1,596 2,718 3,853 3,766 951 702 1,082 1,764 8,188 U.S. Treasury—general account 5,356 0 5,356 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 228 5 118 7 8 9 14 19 4 5 6 11 21 Other 228 0 122 11 22 1100 3 75 1 5 2 4 2 Total deposits 43,589 ' 2,108 14,869 11,,779900 11,,660066 22,,773377 3,870 3,860 956 712 1,090 1,779 8,211 Deferred credit items 7,397 392 894 337 303 490 689 762 281 436 867 536 1,410 Other liabilities and accrued dividends1 2,808 169 1,014 81 157 225 131 335 84 51 111 118 333 TOTAL LIABILITIES 292,839 19,817 98,262 9,794 17,542 26,629 11,203 37,009 8,663 5,324 10,125 13,441 35,029 CAPITAL ACCOUNTS Capital paid in 2,244 83 612 100 124 139 217 280 62 67 88 170 302 Surplus 2,112 75 566 103 115 123 196 273 58 67 87 158 291 Other capital accounts 477 30 165 7 29 46 36 49 13 6 15 28 53 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 297,672 20,005 99,605 10,004 17,809 26,938 11,652 37,612 8,796 5,464 10,316 13,797 35,674 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 280,943 19,916 86,631 9,626 17,952 26,735 10,971 35,603 9,059 5,039 10,412 14,623 34,377 Less—Held by F.R. Banks 41,899 2,768 5,146 2,041 22,,447777 33,,555588 44,,445588 33,,555500 11,,771188 991133 22,,335544 33,,661155 9,302 F.R. notes, net 239,045 17,148 81,485 7,585 1155,,447766 2233 ,,~~117777 66,,551133 3322,,005544 77,,334411 44,,112266 88,,005577"" 1111,,000088 25,075 Collateral held against F.R. notes Gold certificate account 11,059 Special drawing rights certificate account 8,518 Other eligible assets 0 U.S. govt, and agency securities 219,468 Total collateral 239,045 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