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 March 22, 1990 Millions of dollars Averages of ds ily figures RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt Week ended Chanc e f rotit week ended Wednesday FF..RR.. BBaannkkss,, RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss Mar 21, 1990 Mar 14, 1990 Mar 22, 1989 Mar 21, 1990 Reserve Bank credit1 2 268,696 • 249 + 11,581 272,474 U.S. government securities Bought outright—system account 218,977 - 222 - 9,689 218,448 Held under repurchase agreements 332 + 332 + 332 2,324 Federal agency obligations Bought outright 6,524 0 - 255 6,524 Held under repurchase agreements 144 • 144 + 144 1,009 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 207 + 198 - 34 1,335 Seasonal credit 85 + 20 - 59 92 Extended credit 1,934 - 123 • 900 1,784 Float 586 - 177 - 140 763 Other F.R. assets 39,907 77 • 20,381 40,195 •*• Gold stock 11,059 0 - 1 11,059 Special drawing rights certificate account 8,518 0 • 3,443 8,518 Treasury currency outstanding 19,793 + 14 _ 851 19,793 Total factors supplying reserve funds 308,066 _ 263 15,873 311,845 Currency in circulation* 257,120 + 186 + 14,865 257,116 Treasury cash holdings* 525 • 6 + 74 531 Deposits, other than reserve balances, with F.R. Banks Treasury 5,001 + 73 + 781 5,816 Foreign 221 + 34 + 4 196 Service-related balances and adjustments3 1,807 - 296 - 434 1,807 Other 392 • 125 - 47 292 Other F.R. liabilities and capital 9,180 + 175 + 1,044 8,987 Total factors, other than reserve balances, absorbing reserve funds 274,247 • 305 • 16,288 274,746 Reserve balances with F.R. Banks4 33,819 - 42 - 415 37,099 On March 21, 1990, marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 220,507 million, a change of - $ 1,301 million for the week. 1 Net of $ 4,811 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 4,811 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. government securities. 2 Net of $ 5,339 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 5,339 million was with foreign official and international accounts. Includes $ 52 million securities loaned-fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,710 million and adjustments of $ 97 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 Nednesday Wednesday Wednesday Mar 21, 1990 Mar 14, 1990 Mar 22, 1989 ASSETS Gold certificate account 11,059 0 1 Special drawing rights certificate account 8,518 0 + 3,350 Coin 575 3 + 70 Loans 3,211 1,242 + 949 Acceptances 0 0 0 Federal agency obligations Bought outright 6,524 0 255 Held under repurchase agreements1 1,009 1,009 • 1,009 U.S. government securities Bought outright—Bills 96,054 221 11,521 Notes 91,439 0 • 836 Bonds 30,955 0 • 926 Total bought outright2 218,448 221 9,759 Held under repurchase agreements1 2,324 2,324 + 2,324 Total U.S. government securities 220,772 2 ,103 7,435 3 Total loans and securities 231,517 4,354 5,731 Items in process of collection (875) 6,263 718 535 Bank premises 794 1 36 Other assets3 39,280 411 20,107 TOTAL ASSETS (875) 298,006 4,051 17,296 LIABILITIES Federal Reserve notes 238,428 176 13,935 Deposits Depository institutions 38,852 2,812 2,030 U.S. Treasury—general account 5,816 1,069 804 Foreign—official accounts 196 17 11 Other 292 36 78 Total deposits 45 ,157 3,934 • 2,746 Deferred availability cash items (875) 5 ,434 20 - 492 Other liabilities and accrued dividends4 3 ,999 285 + 798 TOTAL LIABILITIES (875) 293,018 4,022 16,987 CAPITAL ACCOUNTS Capital paid in 2,295 8 146 Surplus 2,243 0 131 Other capital accounts 450 21 32 * 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 $ 5,339 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 52 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 21, 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 Weekly Weekly Holdings Holdings changes changes Within 15 days 3,207 0 WWiitthhiinn 1155 ddaayyss 1100,,444400 + 1,933 1,244 + 1,159 16 days to 90 days 4 0 1166 ddaayyss ttoo 9900 ddaayyss 4488,,775544 2,355 589 150 Over 90 days 0 0 9911 ddaayyss ttoo 11 yyeeaarr 6666,,113399 + 2,525 1,374 0 OOvveerr 11 yyeeaarr ttoo 55 yyeeaarrss 5566,,558811 0 3,080 0 OOvveerr 55 yyeeaarrss ttoo 1100 yyeeaarrss 1122,,660077 0 1,057 0 OOvveerr 1100 yyeeaarrss 2266,,225522 0 188 0 Total 3,211 0 TToottaall 222200,,777722 • 2,103 7,533 + 1,009 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 21, 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 11,059 699 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 575 42 16 39 48 95 50 52 39 18 38 45 91 Loans 3,211 1,745 1,001 20 0 0 15 5 11 39 18 44 312 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 1,009 0 1,009 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright—Bills 96,054 5,977 33,857 2,772 5,526 7,961 4,387 11,411 2,957 1,617 3,841 4,036 11,712 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 218,448 13,593 76,999 6,304 12,567 18,104 9,977 25,951 6,726 3,678 8,736 9,178 26,636 Held undor repurchase agreements1 2,324 0 2,324 0 0 0 0 0 0 0 0 0 0 Total U.S. govt, securities 220,772 13,593 79,323 6,304 12,567 18,104 9,977 25,951 6,726 3,678 8,736 9,178 26,636 Total loans and securities 231,517 15,744 83,632 6,512 12,942 18,645 10,291 26,731 6,938 3,827 9,015 9,496 27,744 Items in process of collection 7,139 334 748 331 234 469 1,037 567 263 362 751 590 1,451 Bank premises 794 91 49 46 34 127 59 110 24 28 52 26 149 Other assets3 39,280 1,501 10,753 1,611 2,078 2,411 3,435 4,734 1,024 1,063 1,468 4,230 4,970 Interdistrict settlement account 0 -301 +3,820 -90 +268 +4,127 -5,213 +3,197 -340 -670 -1,804 -1,022 -1,974 TOTAL ASSETS 298,881 18,641 105,325 9,097 16,774 27,563 10,497 37,853 8,609 4,979 10,376 14,412 34,755 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 $ 5,339 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 52 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 21, 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 238,428 16,109 84,354 6,888 14,594 23,693 5,483 33,100 7,136 3,811 7,868 10,640 24,752 Deposits Depository institutions 38,852 1,843 10,652 1,554 1,505 2,846 3,688 3,167 1,070 588 1,475 2,759 7,704 U.S. Treasury—general account 5,816 0 5,816 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 196 6 87 7 8 9 15 19 4 5 6 11 20 Other 292 1 140 2 5 42 1 89 0 5 5 2 1 Total deposits 45,157 1,849 16,694 1,563 1,519 2,897 3,704 3,274 1,075 597 1,486 2,772 7,726 Deferred credit items 6,309 316 702 351 233 430 709 532 178 379 719 486 1,274 Other liabilities and accrued dividends1 3,999 171 2,220 80 156 223 130 328 83 51 110 116 332 TOTAL LIABILITIES 293,893 18,445 103,970 8,883 16,502 27,244 10,026 37,233 8,472 4,839 10,182 14,014 34,084 CAPITAL ACCOUNTS Capital paid in 2,295 85 608 100 125 144 229 287 63 67 89 189 311 Surplus 2,243 83 608 100 124 139 219 281 62 67 88 171 302 Other capital accounts 450 28^ 139 14 24 36 24 52 13 7_ 17 38 59 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 298,881 18,641 105,325 9,097 16,774 27,563 10,497 37,853 8,609 4,979 10,376 14,412 34,755 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 279,342 18,930 88,343 9,277 17,335 27,087 9,987 35,468 8,956 4,746 10,265 14,455 34,494 Less—Held by F.R. Banks 40,914 2,821 3,989 2,389 2,741 3,394 4,504 2,368 1,820 934 2,397 3,815 9,742 F.R. notes> net 238,428 16,109 84,354 6,888 14,594 23,693 5,483 33,100 7,136 3,811 7,868 10,640 24,752 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 218,851 Total collateral 238,428 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