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 11, 1990 Millions of dollars Averac >es of daily figures Reserve balances of depository institutions at Heek ended Change from week ended Nednesday FWm .R9%. , BW^ ankI* s> VR\ eserve VHB anI.k. cred1" i1 t, andI re1 la1 teftd " i1 tems Jan 10, 1990 Jan 3, 1990 Jan 11, 1989 Jan 10, 1990 Reserve Bank credit1 2 274,258 - 2,185 • 6,247 274,917 U.S. government securities Bought outright—system account 224,145 - 1,131 - 10,381 223,666 Held under repurchase agreements 2,555 - 816 • 98 3,394 Federal agency obligations Bought outright 6,525 0 - 441 6,525 Held under repurchase agreements 285 - 355 - 1,485 592 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 98 - 329 + 98 102 Seasonal credit 39 - 38 - 23 38 Extended credit 18 - 2 - 1,489 18 Float 1,458 • 311 - 358 888 Other F.R. assets 39,136 + 173 + 20,477 39,694 Gold stock 11,059 0 • 2 11,060 Special drawing rights certificate account 8,518 0 • 3,500 8,518 Treasury currency outstanding 19,630 + 10 + 815 19,630 Total factors supplying reserve funds 313,466 - 2,175 __- 10,564 314,124 Currency in circulation* 259,135 ~ 1,433 * 13,248 258,319 Treasury cash holdings* 463 + 9 + 63 467 Deposits, other than reserve balances, with F.R. Banks Treasury 5,416 - 866 - 826 4,509 Foreign 246 - 208 «. 5 216 Service-related balances and adjustments3 2,218 • £12 + 35 2,218 Other 164 .. 840 - 168 145 Other F.R. liabilities and capital 8,872 • 385 * __897 8,859 Total factors, other than reserve balances, absorbing reserve funds 276,515 - 2 742 • 13,245 274,733 ? Reserve balances with F.R. Banks4 36,951 • 567 - 2,681 39,391 On January 10, 1990, marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 228,427 million, a change of + $ 326 million for the week. 1 Net of $ 5,120 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 5,120 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. government securities. 2 Net of $ 5,599 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 5,599 million was with foreign official and international accounts. Includes $ 12 million securities loaned-fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,626 million and adjustments of $ 593 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 ** HHeeccbbeessddaayy Wednesday Hednesday Jan 10, 1990 Jan 3, 1990 Jan 11, 1989 ASSETS Gold certificate account 11,060 0 • 3 Special drawing rights certificate account 8,518 0 • 3,500 Coin 455 • 8 • 56 _ Loans 157 9 „ 1,657 Acceptances 0 0 0 Federal agency obligations Bought outright 6,525 0 - 441 Held under repurchase agreements1 592 - 194 - 1,079 U.S. government securities Bought outright—Bills 101,471 - 78 - 12,565 Notes 91,381 0 + 431 Bonds 30,814 0 • 884 Total bought outright2 223,666 - 78 - 11,250 Held under repurchase agreements1 333,,,333999444 - 1,729 ••• 435 Total U.S. government securities 222222777,,,000666000 - 1,807 10,815 Total loans and securities 222333444,,,333333444 - 2,009 13,992 ~ - Items in process of collection (941) 7,225 3,606 1,307 Bank premises 791 + 1 • 40 Other assets3 38,366 + 290 • 19,935 TOTAL ASSETS (941) 300,748 •- 5,316 • 8,234 LIABILITIES Federal Reserve notes 239,611 - 2,268 + 12,770 Deposits Depository institutions 41,594 • 2,645 - 4,113 U.S. Treasury—general account 4,509 - 2,695 - 297 Foreign—official accounts 216 - 67 • 39 Other 114455 - 27 —— 433 Total deposits 4466,,446633 - 143 4,805 Deferred availability cash items (941) 5,815 - 3,110 - 762 Other liabilities and accrued dividends* 33,,994433 - 37 • 737 TOTAL LIABILITIES ((994411)) 229955,,883311 - 5,557 + 7,939 CAPITAL ACCOUNTS Capital paid in 2,249 • 5 • 135 Surplus 2,243 0 + 130 Other capital accounts 425 • 236 4 30 * 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 $ 5,599 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 12 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 $ 28 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 10, 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 Hithin 15 days 145 0 HHiitthhiinn 1155 ddaayyss 10,617 8,251 84 714 16 days to 90 days 12 0 1166 ddaayyss ttoo 9900 ddaayyss 55,508 • 6,128 659 59 Over 90 days 0 0 9911 ddaayyss ttoo 11 yyeeaarr 69,624 + 516 1,311 25 OOvveerr 11 yyeeaarr ttoo 55 yyeeaarrss 54,076 0 3,231 • 33 OOvveerr 55 yyeeaarrss ttoo 1100 yyeeaarrss 12,529 0 1,051 20 OOvveerr 1100 yyeeaarrss 26,706 0 188 0 Total 157 0 TToottaall 227,060 1,807 6,525 785 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 10, 1990 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City Francisco ASSETS Gold certificate account 11,060 699 3,411 400 661 943 508 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 455 24 13 31 36 78 44 37 30 12 32 39 76 Loans 157 9 2 35 40 0 6 2 24 2 6 21 10 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 592 0 592 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright—Bills 101,471 6,314 35,767 2,928 5,837 8,410 4,635 12,054 3,124 1,708 4,058 4,263 12,373 Notes 91,381 5,686 32,210 2,637 5,257 7,573 4,174 10,856 2,313 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 223,666 13,918 78,838 6,454 12,867 18,537 10,216 26,571 6,886 3,766 8,945 9,397 27,272 Held under repurchase agreements * 3,394 0 3,394 0 0 0 0 0 0 0 0 0 0 Total U.S. govt, securities 227,060 13,918 82,232 6,454 12,867 18,537 10,216 26,571 6,886 3,766 8,945 9,397 27,272 Total loans and securities 234,334 14,333 85,125 6,678 13,282 19,077 10,519 27,348 7,111 3,878 9,212 9,692 28,078 Items in process of collection 8,165 440 1,012 648 297 548 740 688 324 387 880 611 1,590 Bank premises 791 91 47 46 34 127 59 110 23 27 52 25 150 Other assets3 38,366 1,416 10,417 1,717 2,003 2,235 3,191 4,689 1,036 1,101 1,509 4,105 4,948 Interdistrict settlement account 0 +2,688 -501 + 24 •880 +4,070 -3,106 +1,916 -270 -362 -2,201 -1,365 -1,774 TOTAL ASSETS 301,689^ 20,222 102,420 9,790 17,702 27,824 12,286 37,249 8,914 5,394 10,341 14,154 35,393 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 $ 5,599 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 12 million securities loaned-fuily 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 $ 28 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 10, 1990 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City Francisco LIABILITIES Federal Reserve notes i 239,611 16,984 82,779 7,387 15,404 22,921 6,657 31,930 7,293 4,118 7,909 10,894 25,335 Deposits Depository institutions 41,594 2,516 10,543 1,802 1,615 3,943 4,399 3,788 1,161 670 1,270 2,213 7,674 U.S. Treasury—general account 4,509 0 4,509 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 216 5 106 7 8 9 14 19 4 5 6 11 21 Other 145 1 87 1 1 8 2 33 0 5 2 3 2 Total deposits 46,463 2,522 15,245 1,810 1,624 3,960 4,415 3,840 1,166 680 1,278 2,227 7,697 Deferred credit items 6,756 353 890 297 246 405 625 537 234 403 851 546 1,367 Other liabilities and accrued dividends1 3,943 173 2,139 85 157 227 130 331 84 51 111 116 338 TOTAL LIABILITIES 296,772 20,031 101,054 9,579 17,431 27,513 11,827 36,639 8,777 5,252 10,148 13,784 34,737 CAPITAL ACCOUNTS Capital paid in 2,249 83 608 100 124 139 219 282 62 67 88 174 302 Surplus 2,243 83 608 100 124 139 219 281 62 67 88 171 302 Other capital accounts 425 24 150 11 23 33 21 48 13 7_ 17 25 52 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 301,689 20,222 102,420 9,790 17,702 27,824 12,286 37,249 8,914 5,394 10,341 14,154 35,393 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 278,757 19,661 86,367 9,555 17,756 26,437 10,884 35,066 8,986 4,985 10,280 14,490 34,290 Less—Held by F.R. Banks 39,146 2,677 3,588 2,168 2,353 3,517 4,228 3,136 1,693 866 2,371 3,595 8,955 F.R. notes, net 239,611 16,984 82,779 7,387 15,404 22,921 6,657 31,930 7,293 4,118 7,909 10,894 25,335 Collateral held against F.R. notes Gold certificate account 11,060 Special drawing rights certificate account 8,518 Other eligible assets 0 U.S. govt, and agency securities 220,033 Total collateral 239,611 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. Components may not add to totais due to rounding. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis