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 •f«VR^V 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 March 15, 1990 Millions of dollars Averages of daily f: gures RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt Week ended Change froiri week ended Nednesday FF..RR.. BBaannkkss>> RReesseerrvvee BBaannkk ccrreeddiitt>> aanndd rreellaatteedd iitteemmss Mar 14, 1990 Mar 7> 1990 Mar 15, 1989 Mar 14, 1990 Reserve Bank credit1 2 268,448 - 211 + 9,679 268,019 U.S. government securities Bought outright—system account 219,198 - 1,268 - 10,458 218,669 Held under repurchase agreements 0 - 615 0 0 Federal agency obligations Bought outright 6,524 0 - 255 6,524 Held under repurchase agreements 0 - 64 0 0 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 9 - 47 - 324 11 Seasonal credit 65 + 6 - 61 69 Extended credit 2,056 + 112 + 762 1,889 Float 764 + 310 - 295 945 Other F.R. assets 39,830 • 1,354 + 20,309 39,912 Gold stock 11,060 • 0 - 1 11,060 Special drawing rights certificate account 8,518 0 + 3,500 8,518 Treasury currency outstanding 19,752 + 14 + 820 19,752 Total factors supplying reserve funds 307,777 - 197 + 13,997 307,349 Currency in circulation* 256,906 • 1,289 • 14,794 257,260 Treasury cash holdings* 519 + 5 + 72 524 Deposits, other than reserve balances, with F.R. Banks Treasury 4,928 - 1,265 - 512 4,747 Foreign 188 - 23 - 61 179 Service-related balances and adjustments3 2,103 - 417 + 70 2,103 Other 266 - 57 - 71 257 Other F.R. liabilities and capital 9,005 • 245 + 1,072 8,673 Total factors, other than reserve balances, absorbing reserve funds 273,915 - 224 + 15,364 273,744 Reserve balances with F.R. Banks4 33,862 + 27 - 1,366 33,605 On March 14,1990, marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 221,808 million, a change of - $ 2,004 million for the week. 1 Net of $ 4,589 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 4,589 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. government securities. 2 Net of $ 5,119 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 5,119 million was with foreign official and international accounts. Includes $ 80 million securities loaned-fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,710 million and adjustments of $ 393 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 ** NNeeddnneessddaayy Nednesday Wednesday Mar 14, 1990 Mar 7, 1990 Mar 15, 1989 ASSETS Gold certificate account 11,060 0 0 Special drawing rights certificate account 8,518 0 + 3,500 Coin 571 - 1 + 58 Loans 1,969 • 182 • 578 Acceptances 0 0 0 Federal agency obligations Bought outright 6,524 0 - 255 Held under repurchase agreements1 0 - 448 0 U.S. government securities Bought outright—Bills 96,274 - 602 - 12,306 Notes 91,439 0 • 836 Bonds 3300,,995555 0 •• 926 Total bought outright2 221188,,666699 - 602 10,543 Held under repurchase agreements1 0 - 4,303 0 Total U.S. government securities 218,669 - 4,905 - 10,543 Total loans and securities 227,162 - 5,171 - 10,220 - - Items in process of collection (860) 6,981 482 1,062 Bank premises 793 + 1 • 35 Other assets3 38,869 • 931 • 20,133 TOTAL ASSETS (860) 293,954 - 4,721 • 12,444 LIABILITIES Federal Reserve notes 238,604 • 965 + 14,144 Deposits Depository institutions 36,041 - 3,845 - 1,692 U.S. Treasury—general account 4,747 - 998 + 464 Foreign—official accounts 179 - 41 - 90 Other 257 - 32 - 217 Total deposits 41,223 - 4,916 - 1,536 Deferred availability cash items (860) 5,454 - 557 - 1,148 Other liabilities and accrued dividends4 3,714 - 272 + 708 TOTAL LIABILITIES (860) 288,995 ~ 4,781 • 12,168 CAPITAL ACCOUNTS Capital paid in 2,287 • 7 • 141 Surplus 2,243 0 • 131 Other capital accounts 429 + 53 • 4 * 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 $ 5,119 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 80 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 $ 85 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, MARCH 14, 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 Neekly Neekly Holdings Holdings changes changes Hithin 15 days 1,915 0 NNiitthhiinn 1155 ddaayyss 88,,550077 55,,778844 85 363 16 days to 90 days 54 0 1166 ddaayyss ttoo 9900 ddaayyss 5511,,110099 ++ 33,,330044 739 85 Over 90 days 0 0 9911 ddaayyss ttoo 11 yyeeaarr 6633,,661144 22,,442255 1,374 0 OOvveerr 11 yyeeaarr ttoo 55 yyeeaarrss 5566,,558811 00 3,080 0 OOvveerr 55 yyeeaarrss ttoo 1100 yyeeaarrss 1122,,660077 00 1,057 0 OOvveerr 1100 yyeeaarrss 2266,,225522 00 188 0 Total 1,969 0 TToottaall 221188,,666699 44,,990055 6,524 448 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 MARCH 14, 1990 Millions of dollars K- a•• nsas • San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapoiis City Dallas 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 571 41 15 39 48 96 49 51 37 18 38 45 94 Loans 1,969 1,850 7 3 0 0 7 0 11 38 14 39 1 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Federal agency obligations Bought outright 6,524 406 2,300 188 375 541 298 775 201 110 261 274 796 Held under repurchase agreements1 0 0 0 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright—Bills 96,274 5,991 33,935 2,778 5,538 7,979 4,397 11,437 2,964 1,621 3,850 4,045 11,739 Notes 91,439 5,690 32,231 2,639 5,260 7,578 4,176 10,863 2,815 1,539 3,657 3,842 11,150 Bonds 30,955 1,926 10,911 893 1,781 2,565 1,414 3,677 953 521 1,238 1,301 3,774 Total bought outright2 218,669 13,607 77,076 6,310 12,580 18,123 9,987 25,977 6,732 3,681 8,745 9,187 26,?£:5 Held under repurchase agreements1 0 0 0 0 0 0 0 0 0 0 0 0 (} Total U.S. govt, securities 218,669 13,607 77,076 6,310 12,580 18,123 9,987 25,977 6,732 3,681 8,745 9,187 267663 Total loans and securities 227,162 15,863 79,383 6,502 12,955 18,663 10,292 26,752 6,944 3,829 9,020 9,500 27,460 Items in process of collection 7,841 420 1,141 421 288 565 721 699 291 352 821 576 1,547 Bank premises 793 91 49 46 34 127 59 110 23 28 52 26 149 Other assets3 38,869 1,489 10,516 1,607 2,065 2,391 3,421 4,701 1,017 1,059 1,458 4,212 4,934 Interdistrict settlement account 0 -878 +3,520 -123 -80 •4,144 -4,090 •3,025 -448 -665 -2,250 -1,915 -239 TOTAL ASSETS 294,814 18,255 100,929 9,137 16,479 27,674 11,290 37,799 8,526 4,972 9,995 13,490 36,269 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 $ 5,119 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 80 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 $ 85 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 MARCH 14, 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 238,604 15,986 84,106 6,900 14,596 23,716 5,780 33,180 7,074 3,806 7,873 10,690 24,897 Deposits Depository institutions 36,041 1,573 7,826 1,566 1,225 2,921 4,313 3,054 997 605 1,044 1,822 9,095 U.S. Treasury—general account 4,747 0 4,747 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 179 6 70 7 8 9 15 19 4 5 6 11 20 Other 257 0 88 2 2 56 2 92 0 6 5 2 2 Total deposits 41,223 1,579 12,730 1,575 1,235 2,986 4,329 3,165 1,001 615 1,055 1,836 9,116 Deferred credit items 6,314 333 712 371 230 441 593 526 236 361 770 471 1,269 Other liabilities and accrued dividends1 3,714 161 2,024 79 148 211 123 310 79 47 103 111 318 TOTAL LIABILITIES 289,855 18,058 99,573 8,925 16,209 27,354 10,825 37,182 8,389 4,831 9,801 13,108 35,600 CAPITAL ACCOUNTS Capital paid in 2,287 85 608 100 125 144 222 285 63 67 89 189 311 Surplus 2,243 83 608 100 124 139 219 281 62 67 88 171 302 Other capital accounts 429 29 141 12 22 37 23 51 12 7_ 16 23 57 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 294,814 18,255 100,929 9,137 16,479 27,674 11,290 37,799 8,526 4,972 9,995 13,490 36,269 FEDERAL RESERVE AGENTS* ACCOUNTS F.R. notes outstanding 279,727 18,942 88,046 9,312 17,250 27,166 10,227 35,587 8,875 4,766 10,299 14,548 34,711 Less—Held by F.R. Banks 41,123 2,956 3,939 2,411 2,654 3,450 4,447 2,407 1,802 959 2,426 3,858 9,813 F.R. notes* net 238,604 15,986 84,106 6,900 14,596 23,716 5,780 33,180 7,074 3,806 7,873 10,690 24,897 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 219,027 Total collateral 238,604 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