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 May 10, 1990 Millions of dollars Averages of daily figures Reserve balances of depository institutions at Week ended Change from week ended Wednesday F.R. Banks? Reserve Bank credit, and related items May 9, 1990 May 2, 1990 May L0, 1989 May 9, 1990 Reserve Bank credit1 2 273,235 + 773 _ 6,524 273,068 U.S. government securities Bought outright—system account 224,571 + 575 - 9,552 224,110 Held under repurchase agreements 0 0 - 10,189 G Federal agency obligations Bought outright 6,446 0 - 208 6,446 Held under repurchase agreements 0 0 - 3,736 0 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 67 - 34 - 141 94 Seasonal credit 220 + 38 - 102 214 Extended credit 582 - 125 - 631 312 Float 655 + 249 - 64 953 Other F.R. assets 40,694 + 70 • 18,098 40,939 Gold stock 11,060 0 - 1 11,060 Special drawing rights certificate account 8,518 0 + 2,907 8,518 Treasury currency outstanding 19,929 + 14 + 898 19,929 Total factors supplying reserve funds 312,742 _ 787 - 2,720 312,575 Currency in circulation* 261,281 + lr325 * 16,075 261,992 Treasury cash holdings* 572 • 11 + 82 570 Deposits, other than reserve balances, with F.R. Banks Treasury 4,841 + 298 - 18,300 6,172 Foreign 197 - 33 - 9 186 Service-related balances and adjustments3 1,980 - 364 + 200 1,980 Other 244 - 193 - 37 232 Other F.R. liabilities and capital 9,558 + 181 + 732 9,115 Total factors, other than reserve balances, absorbing reserve funds 278,673 + 1,226 - 1,258 280,246 Reserve balances with F.R. Banks4 34,068 - 439 - 1,463 32,329 On May 9, 1990, marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 223,171 million, a change of - $ 189 million for the week. 1 Net of $ 5,167 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 5,167 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. government securities. 2 Net of $ 5,628 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 5,628 million was with foreign official and international accounts. Includes $ 355 million securities loaned-fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,746 million and adjustments of $ 234 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 Nednesday Nednesday May 9, 1990 May 2, 1990 May 10, 1989 ASSETS Gold certificate account 11,060 0 - 1 Special drawing rights certificate account 8,518 0 + 2,700 Coin 516 - 6 + 50 Loans 619 + 87 - 1,094 Acceptances 0 0 0 Federal agency obligations Bought outright 6,446 0 - 208 Held under repurchase agreements1 0 0 - 2,925 U.S. government securities Bought outright—Bills 101,616 - 97 - 10,469 Notes 91,539 0 - 958 Bonds 3300,,995555 0 ++ 641 Total bought outright2 222244,,111100 - 97 10,786 Held under repurchase agreements1 000 ____ 00 - 7,499 Total U.S. government securities 222222444,,,111111000 9977 18,285 Total loans and securities 222333111,,,111777666 - 9 rr~~ 22,511 Items in process of collection (904) 6,167 - 2,006 - 1,106 Bank premises 796 0 + 35 Other assets3 40,245 + 366 + 18,750 TOTAL ASSETS (904) 298,478 - 1,655 - 2,083 LIABILITIES Federal Reserve notes 243,150 + 1,389 • 15,423 Deposits Depository institutions 34,287 + 1,004 - 1,351 U.S. Treasury—general account 6,172 - 2,058 - 16,310 Foreign—official accounts 186 - 35 + 42 Other 232 - 43 - 60 Total deposits 40,876 - 1,131 - 17,680 Deferred availability cash items (904) 5,337 - 1,646 - 539 Other liabilities and accrued dividends* 4,040 + 11 + 360 TOTAL LIABILITIES (904) 293,403 ~ 1,377 - 2,436 CAPITAL ACCOUNTS Capital paid in 2,329 + 8 + 193 Surplus 2,243 0 + 131 Other capital accounts 503 - 286 + 29 * 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 $ 5,628 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 355 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 $ 82 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, MAY 9, 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 471 0 HHiitthhiinn 1155 ddaayyss 1111,,999933 + 1,278 55 0 16 days to 90 days 148 0 1166 ddaayyss ttoo 9900 ddaayyss 4499,,112288 + 360 793 * 115 Over 90 days 0 0 9911 ddaayyss ttoo 11 yyeeaarr 6666,,001166 1,735 1,431 115 OOvveerr 11 yyeeaarr ttoo 55 yyeeaarrss 5588,,114466 0 2,892 0 OOvveerr 55 yyeeaarrss ttoo 1100 yyeeaarrss 1122,,557766 0 1,087 0 OOvveerr 1100 yyeeaarrss 2266,,225522 0 188 0 Total 619 0 TToottaall 222244,,111100 97 6,446 0 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 MAY 9, 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 11,060 750 3,503 384 688 1,008 465 1,377 346 203 422 585 1,329 Special drawing rights certif. acct. 8,518 531 2,896 247 508 745 330 1,100 291 153 362 433 922 Coin 516 38 16 37 38 87 39 46 37 18 37 38 86 Loans 619 306 0 7 5 6 5 17 56 99 90 20 8 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Federal agency obligations Bought outright 6,446 433 2,380 188 386 600 225 786 187 103 210 230 718 Held under repurchase agreements1 0 0 0 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright—Bills 101,616 6,827 37,511 2,959 6,088 9,458 3,548 12,393 2,946 1,623 3,316 3,627 11,318 Notes 91,539 6,150 33,792 2,666 5,484 8,520 3,197 11,164 2,654 1,462 2,987 3,267 10,196 Bonds 30,955 2,080 11,427 901 1,854 2,881 1,081 3,775 898 494 1,010 1,105 3,448 Total bought outright2 224,110 15,056 82,730 6,527 13,426 20,859 7,826 27,333 6,498 3,580 7,314 7,999 24,962 Held under repurchase agreements1 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt, securities 224,110 15,056 82,730 6,527 13,426 20,859 7,826 27,333 6,498 3,580 7,314 7,999 24,962 Total loans and securities 231,176 15,795 85,110 6,721 13,817 21,465 8,057 28,137 6,741 3,782 7,614 8,249 25,689 Items in process of collection 7,071 361 807 391 365 520 642 605 183 355 788 600 1,454 Bank premises 796 91 49 46 34 126 60 110 24 29 53 27 149 Other assets3 40,245 1,645 11,487 1,726 2,236 2,646 3,611 5,062 1,097 1,127 1,533 2,818 5,256 Interdistrict settlement account 0 +556 +2,899 -316 + 774 +338 -2,518 -118 -386 -547 -1,072 + 720 -331 TOTAL ASSETS 299,382 19,767 106,767 9,237 18,460 26,935 10,685 36,318 8,335 5,120 9,735 13,470 34,553 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 $ 5,628 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 355 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 $ 82 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 MAY 9, 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 243,150 • 17,135 86,913 7,087 16,143 23,216 5,706 32,150 7,089 3,854 7,588 10,768 25,500 Deposits Depository institutions 34,287 1,927 9,083 1,591 1,451 2,669 3,810 2,605 870 710 1,122 1,736 6,714 U.S. Treasury—general account ! 6,172 0 6,172 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 186 6 77 7 8 9 15 19 4 5 6 11 20 Other ! 232 2 90 2 2 40 1 85 0 6 1 1 2 Total deposits 40,876 1,934 15,422 1,600 1,461 2,718 3,826 2,708 874 721 1,129 1,748 6,736 Deferred credit items 6,241 320 698 257 422 422 572 510 156 358 735 459 1,332 Other liabilities and accrued dividends1 4,040 181 2,323 83 159 248 102 332 77 47 90 99 299 TOTAL LIABILITIES 294,307 19,570 105,355 9,027 18,185 26,605 10,206 35,699 8,197 4,980 9,542 13,074 33,867 CAPITAL ACCOUNTS Capital paid in 2,329 84 633 98 126 146 231 284 63 67 89 189 318 Surplus 2,243 83 608 100 124 139 219 281 62 67 88 171 302 Other capital accounts 503 30 171_ 12 26 45 29 54 13 6_ 15 36 66 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 299,382 19,767 106,767 9,237 18,460 26,935 10,685 36,318 8,335 5,120 9,735 13,470 34,553 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 284,307 19,687 93,549 9,101 18,622 26,882 9,764 34,745 8,800 4,728 9,920 14,289 34,219 Less—Held by F.R. Banks 41,157 2,551 6,637 2,014 2,480 3,666 4,058 2,595 1,711 875 2,332 3,521 8,719 F.R. notes> net 243,150 j 17,135 86,913 7,087 16,143 23,216 5,706 32,150 7,089 3,854 7,588 10,768 25,500 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 223,572 Total collateral [ 243,150 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