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 January 4, 1990 Millions of dollars Averac les of daily fi gm-es RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt Heek ended Change from week ended Hednesday FF..RR.. BBaannkkss>> RReesseerrvvee BBaannkk ccrreeddiitt>> aanndd rreellaatteedd iitteemmss Jan 3, 1990 Dec 27, 1989 Jan 4, 1989 Jan 3, 1990 Reserve Bank credit1 2 276,444 • 5,668 * 6,338 277,334 U.S. government securities Bought outright—system account 225,276 • 3,333 « 8,228 223,744 Held under repurchase agreements 3,370 • 700 - 1,128 5,123 Federal agency obligations Bought outright 6,525 0 - 441 6,525 Held under repurchase agreements 639 • 378 - 1,826 785 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 426 • 20 • 426 100 Seasonal credit 77 - 13 - 48 47 Extended credit 20 • 3 - 888 19 Float 1,147 - 545 - 176 2,034 Other F.R. assets 38,963 • 1,792 + 19,892 38,956 Gold stock 11,059 0 - 1 11,059 Special drawing rights certificate account 8,518 0 + 3,500 8,518 Treasury currency outstanding 19,620 + 14 • 819 19,620 Total factors supplying reserve funds 315,641 5,682 _. 10,656 316,531 Currency in circulation* 260,573 • 1,461 + 12,805 260,601 Treasury cash holdings* 450 • 2 + 55 450 Deposits, other than reserve balances> with F.R. Banks Treasury 6,283 • 1,712 - 2,176 7,203 Foreign 454 • 239 • 155 282 Service-related balances and adjustments3 2,006 • 184 • 27 2,006 Other 1,004 + 667 + 513 172 Other F.R. liabilities and capital 8,488 + 347 + 711 8,654 Total factors> other than reserve balances> ^ absorbing reserve funds 279,257 • 4,612 * 12,089 279,370 Reserve balances with F.R. Banks4 36,383 • 1,070 - 1,460 37,162 On January 3,1990, marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 228,101 million, a change of - $ 2,515 million for the week. 1 Net of $ 3,681 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,681 million was with foreign official and international accounts. Includes securities loaned~~fuliy secured by U.S. government securities. 2 Net of $ 5,521 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 5,521 million was with foreign official and international accounts, includes $ 82 million securities loaned- -tuny secured U.S. government securities. 3 Consists of required clearing balances of $ 1,626 million and adjustments of $ 381 million to compensate for float. 4 Excludes reqmretl clearing balances and adjustments to compensate for float, * Estimated {Treasury's figures). Components may not add to totals due to rounding, «'wo technical accounting changes have been made which affect the following items in the fourth column on the first page of of tbh release Ttoat.* "Other F.R. assets/ 'Reserve balances tvith F.R Bank*." and Service-related balances and adjustments.* "T*e W&^'esday igures m this column now are based m the *?eA*,we-factors* framework us? a in the other columns, in which certain sen-;ononis ar« f%ad«? to reserve balances to reflect pricing o9 tfe**«v or to take* account of prcui c-rns in reporting, accounting, or yr-ymen! jsreccssing-with corresponding adjustments m Servics-f^ted baiarsui-s a*:d adjustments Float, or Other F.R. assets. Also <n this fram^wcrfc, overnight overdrafts are treated as negaiiv^ .f^'ve balance. Previously, the fearth column had used a 'balance sheet" accounting framework in which reserve baiar.ee; #*re not adjusted, arid bookkeeping entries to account for ovemiglit overdrafts were made that added to reported reserve balances arte! to Other F I?, assets, in addition, in all columns, certain adjustments to reserve balances (other than those associated with float or float pricing) that are processed on the first day of a reserve maintenance period now are prorated equally across all 14 days of that period. These adjustments had been treated as applying entirely to the first day of a reserve maintenance period, so they had entered the weekly average only for the first week of that maintenance period. 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 Hednesday Hednesday Jan 3, 1990 Dec 27, 1989 Jan 4, 1989 ASSETS Gold certificate account 11,059 0 - 1 Special drawing rights certificate account 8,518 0 • 3,500 Coin 447 - 20 • 65 Loans 166 - 1,993 «_ 1,828 Acceptances 0 0 0 Federal agency obligations Bought outright 6,525 0 - 441 Held under repurchase agreements1 785 - 716 - 2,779 U.S. government securities Bought outright—Bills 101,549 • 1,549 - 10,596 Notes 91,381 0 • 431 Bonds 30,814 0 • 884 Total bought outright2 223,744 • 1,549 - 9,281 Held under repurchase agreements1 555,,,111222333 —— 66,,662233 - 1,974 Total U.S. government securities 222222888,,,888666777 55,,008844 11,255 Total loans and securities 222333666,,,333444333 - 7,793 -- 16,303 Items in process of collection (1,233) 10,830 • 2,680 _. 2,185 Bank premises 790 «f 1 * 40 Other assets3 38,076 • 939 • 20,155 TOTAL ASSETS (1,233) 306,063 - 4,193 • 5,271 LIABILITIES Federal Reserve notes 241,878 • 279 • 12,266 Deposits Depository institutions 38,948 - 9,188 - 4,600 U.S. Treasury—general account 7,203 • 2,174 - 1,611 Foreign—official accounts 282 * 13 + 93 Other 117722 335522 - 158 __ Total deposits 4466,,660066 77,,335533 - 6,275 Deferred availability cash items (1,233) 8,925 + 2,288 - 1,514 Other liabilities and accrued dividends4 3,980 + 782 • 559 TOTAL LIABILITIES (1,233) 301,389 - 4,003 • 5,036 CAPITAL ACCOUNTS Capital paid in { 2,243 - 4 * 129 Surplus 2,243 • 131 • 130 Other capital accounts 188 317 24 i - ' , n-i * 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 $ 5,521 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 92 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 $ 16 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, JANUARY 3, 1990 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 Meekly Weekly Holdings Holdings changes changes Within 15 days 158 0 NNiitthhiinn 1155 ddaayyss 18,867 + 754 798 856 16 days to 90 days 8 0 1166 ddaayyss ttoo 9900 ddaayyss 47,380 4,916 718 + 150 Over 90 days 0 0 9911 ddaayyss ttoo 11 yyeeaarr 69,308 1,469 1,336 10 OOvveerr 11 yyeeaarr ttoo 55 yyeeaarrss 54,076 + 567 3,198 0 OOvveerr 55 yyeeaarrss ttoo 1100 yyeeaarrss 12,529 0 1,071 0 OOvveerr 1100 yyeeaarrss 26,706 0 188 0 Total 166 0 TToottaall 228,867 5,084 7,310 716 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 JANUARY 3, 1990 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco ASSETS Gold certificate account 11,059 699 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 447 25 15 32 35 75 45 35 29 12 30 39 75 Loans 166 2 3 36 50 0 7 4 27 5 8 23 1 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 785 0 785 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright—Bills 101,549 6,319 35,794 2,930 5,842 8,416 4,638 12,064 3,127 1,710 4,061 4,266 12,382 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 30,814 1,917 10,861 889 1,773 2,554 1,407 3,661 949 519 1,232 1,295 3,757 Total bought outright2 223,744 13,923 78,865 6,457 12,872 18,543 10,219 26,580 6,889 3,767 8,948 9,400 27,282 Held under repurchase agreements1 5,123 0 5,123 0 0 0 0 0 0 0 0 0 0 Total U.S. govt, securities 228,867 13,923 83,989 6,457 12,872 18,543 10,219 26,580 6,689 3,767 8,948 9,400 27,282 Total loans and securities 236,343 14,331 87,076 6,681 13,297 19,084 10,525 27,359 7,116 3,882 9,217 9,697 28,078 Items in process of collection 12,063 573 1,345 664 526 822 1,138 1,019 674 722 1,287 994 2,298 Bank premises 790 91 47 46 34 127 59 110 23 27 52 25 150 Other assets3 38,076 1,391 10,375 1,687 1,978 2,204 3,173 4,636 1,022 1,094 1,480 4,092 4,944 Interdistriot settlement account 0 •2,524 -1,383 •503 •577 •3,149 -2,811 •1,369 -479 -124 -2,178 -1,235 •88 TOTAL ASSETS 307,296 20,165 103,782 10,259 17,616 27,149 12,966 36,989 9,046 5,964 10,743 14,658 37,957 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 $ 5,521 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 92 million securities loaned-fuliy 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 $ 16 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 JANUARY 3, 1990 Millions of dollars Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Ka C n it s y a s Dallas Fra S n a c n is co LIABILITIES Federal Reserve notes 241,878 17,168 82,223 7,626 15,564 23,208 7,292 32,277 7,397 4,142 8,017 11,108 25,858 Deposits Depository institutions 58,948 2,122 9,507 1,893 1,194 2,704 4,176 2,940 959 895 1,150 2,263 9,146 U.S. Treasury—general account 7,203 0 7,203 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 282 5 173 7 8 9 14 19 4 5 6 11 21 Other 172 1 118 2 1 10 3 21 1 6 4 3 2 Total deposits 46,606 2,128 17,001 1,902 1,203 2,723 4,193 2,980 964 906 1,160 2,277 9,168 Deferred credit items 10,158 520 1,107 438 434 699 905 816 471 728 1,271 806 1,963 Other liabilities and accrued dividends1 3,980 173 2,169 85 158 227 129 334 85 50 112 118 340 TOTAL LIABILITIES 302,622 19,989 102,500 10,051 17,3^9 26,857 12,520 36,408 8,916 5,826 10,560 14,308 37,329 CAPITAL ACCOUNTS Capital paid in 2,243 83 608 100 124 139 219 281 62 67 88 171 302 Surplus 2,243 83 608 100 124 139 219 281 62 67 88 171 302 Other capital accounts 188 10 67 8^ 11 14 8^ 20 6_ 3^ 1_ 9^ 25 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 307,296 20,165 103,782 10,259 17,616 27,149 12,966 36,989 9,046 5,964 10,743 14,658 37,957 FEDERAL RESERW~AGlNTS^CCCHJNTS^ F.R. notes outstanding 279,177 19,711 85,920 9,584 17,750 26,511 11,076 35,320 8,996 4,999 10,289 14,599 34,422 Less—Held by F.R. Banks 37,298 2,543 3,698 1,958 2,186 3,303 3,784 3,042 1,599 857 2,273 3,491 8,564 F.R, notes, net 241,878 17,168 82,223 7,626 15,564 23,208 7,292 32,277 7,397 4,142 8,017 11,108 25,858 Collateral held against F.R. notes Gold certificate account 11,059 Special drawing rights certificate account 8,518 Other eligible assets j 0 U.S. govt, and agency securities 222,301 Total collateral 241,878 1 Includes exchange translaflori account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. Components may not acid io loiais dun to rounding. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis