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 24, 1990 Millions of dollars 1 Averaci es of daily f:g ures Reserve balances of depository institutions at ! Week ended Change from week ended Wednesday F.R« Banks, Reserve Bank credit? and related items Hay 23, 1990 May L6, 1990 May 24, 1989 May 23, 1990 Reserve Bank credit1 2 271,385 - 2,755 • 11,161 271,763 U.S. government securities Bought outright—system account 223,075 - 1,282 - 6,954 224,092 Held under repurchase agreements 0 _ 819 0 0 Federal agency obligations Bought outright 6,446 0 - 208 6,446 Held under repurchase agreements 0 - 691 0 0 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 62 - 36 - 33 64 Seasonal credit 265 • 44 - 106 274 Extended credit 1,036 • 273 - 173 900 Float 1,267 + 631 + 441 692 Other F.R. assets 39,232 - 874 • 18,193 39,295 Gold stock 11,065 •f 4 • 4 11,065 Special drawing rights certificate account 8,513 0 * 1,214 8,518 Treasury currency outstanding 19,957 • 14 • 898 19,957 Total factors supplying reserve funds 310,925 - 2,736 _ 13,278 311,303 Currency in circulation* 262,427 * 209 + 17,064 262,855 Treasury cash holdings* 572 + 2 • 87 575 Deposits, other than reserve balances, with F.R. Banks Treasury 5,274 * 237 - 3,432 5,740 Foreign 213 - 7 - 2 200 Service-related balances and adjustments3 2,019 0 * 274 2,019 Other 269 • 5 - 366 214 Other F.R. liabilities and capital 9>327 - 171 1,084 9,209 •*• Total factors, other than reserve balances, absorbing reserve funds 280,100 4- 276 • 14,709 280,813 Reserve balances with F.R. Banks4 30,824 - 3,012 - 1,432 i 30,490 On May 23, 1990, marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 229,273 million, a change of + $ 5,636 million for the week. 1 Net of $ 6,663 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 5480 million was with foreign official and international accounts, includes securities loaned-fully secured by U.S. government securities. 2 Net of $ 5,646 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 5,646 million was with foreign official and international accounts. Includes $ 536 million securities loaned-fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,759 million and adjustments of $ 260 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 H4.1 (a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS Millions of dollars Change since ** HHeeddnneessddaayy Hednesday Wednesday Hay 23, 1990 Hay 16, 1990 Hay 24, 1989 ASSETS Gold certificate account 11,065 • 3 • 5 Special drawing rights certificate account 8,518 0 • 500 Coin 504 — 4 • 44 Loans 1,237 • 255 - 349 Acceptances 0 0 0 Federal agency obligations Bought outright 6,446 0 - 208 Held under repurchase agreements1 0 - 2,077 0 U.S. government securities Bought outright—Bills 101,597 • 220 - 267 Notes 91,732 0 - 590 Bonds 30,763 0 * 349 Total bought outright2 224,092 • 220 - 508 Held under repurchase agreements1 0 - 3,013 0 Total U.S. government securities 222244,,009922 - 2,794 __ 508 Total loans and securities 223311,,777766 - 4,616 1,064 Items in process of collection (759) 5,718 - 1,484 - 1,517 Bank premises 795 - 2 • 33 Other assets3 38,372 + 258 • 17,336 TOTAL ASSETS (759) 296,746 - 5,846 • 15,337 LIABILITIES Federal Reserve notes 243,978 • 267 • 16,172 Deposits Depository institutions 32,213 - 6,944 - 192 U.S. Treasury—general account 5,740 4 1,923 - 1,182 Foreign—official accounts 200 - 15 - 76 Other 221144 - 104 - 269 Total deposits 3388,,336677 - 5,140 - 1,719 Deferred availability cash items (759) 5,194 - 980 - 361 Other liabilities and accrued dividends4 44,,111155 - 67 839 TOTAL LIABILITIES ((775599)) 229911,,665544 - 5,919 14,931 CAPITAL ACCOUNTS Capital paid in 2,338 * 6 + 196 Surplus 2,243 0 • 131 Other capital accounts 513 + 67 • 79 * 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 Het of $ 5.646 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 536 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 $ 88 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 23, 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 1,213 0 WWiitthhiinn 1155 ddaayyss 10,475 593 326 1,811 16 days to 90 days 24 0 1166 ddaayyss ttoo 9900 ddaayyss 49,183 • 818 467 266 Over 90 days 0 0 9911 ddaayyss ttoo 11 yyeeaarr 68,720 3,018 1,431 0 OOvveerr 11 yyeeaarr ttoo 55 yyeeaarrss 57,695 0 2,917 0 OOvveerr 55 yyeeaarrss ttoo 1100 yyeeaarrss 11,617 0 1,117 0 OOvveerr 1100 yyeeaarrss 26,402 0 188 0 Total 1,237 0 TToottaall 224,092 2,794 6,446 2,077 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 23, 1990 Millions of dollars Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San City Francisco ASSETS Gold certificate account 11,065 750 3,508 384 683 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 504 37 18 34 36 85 40 43 36 17 37 35 85 Loans 1,237 750 0 35 8 167 22 29 64 105 24 21 13 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 101,597 6,825 37,505 2,959 6,086 9,456 3,548 12,391 2,946 1,623 3,316 3,626 11,316 Notes 91,732 6,163 33,863 2,671 5,495 8,538 3,203 11,188 2,660 1,465 2,994 3,274 10,217 Bonds 30,763 2.067 11,356 896 1,843 2,863 1,074 3,752 892 491 1,004 1,098 3,427 Total bought outright2 224,092 15,055 82,724 6,526 13,425 20,857 7,825" 27,331 6,498 3,580 7,313 7,998 24,960 Held under repurchase agreements1 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt, securities 224,092 15,055 82,724 6,526" 13,425 20,857 7,825 27,331 6,498 3,580" 7,313 7,998 24,960 Total loans and securities 231,776 16,238 85,103 6,749 13,819™ 21,624 8,072 ~28,146 6,749 3,788 7,548 8,249 25,692 Items in process of collection 6,477 332 775 355 242 529 679 484 200 355 640 552 1,335 Bank premises 795 91 49 46 34 124 60 110 25 29 53 28 148 Other assets3 38,372 1,519 10,813 1,671 2,123 2,474 3,524 4,848 1,040 1,095 1,471 2,749 5,045 Interdistrict settlement account 0 4341 42,839 ^104 4723 -292 -2,404 -671 -572 -498 -1,055 4947 4746 TOTAL ASSETS 297,507 19,840 106,001 9,381 18,172 26,297 10,766" 35,436 8,114 5,142 9,478 13,578 35,301 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 $ 5,646 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 536 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 $ 88 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 23, 1990 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 243,978 17,450 88,170 7,134 16,443 22,640 6,427 31,184 6,896 3,861 7,430 10,903 25,441 Deposits Depository institutions 32,213 1,694 7,457 1,636 1,023 2,663 3,169 2,652 818 717 1,119 1,691 7,575 U.S. Treasury—general account 5,740 0 5,740 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 200 6 90 7 8 9 15 19 4 5 6 11 20 Other 214 2 86 2 2 21 1 91 0 5 2 1 2 Total deposits 1 38,367 1,701 13,373" 1,644 1,034 2,694 3,185 2,761 822 726 1,127 1,703 7,597 Deferred credit items S,953 304 714 309 253 373 567 522 177 364 636 472 1,261 Other liabilities and accrued dividends1 4,115 187 2,316 85 167 264 107 350 81 49 94 104 312 TOTAL LIABILITIES 292,413 ^19,642" 104,573 9,172 17,896 25,971 10,286 34,817 7,976 5,000 9,286 13,183 34,611 CAPITAL ACCOUNTS Capital paid in 2,338 84 639 98 126 146 232 285 63 68 90 189 319 Surplus 2,243 83 608 100 124 139 219 281 62 67 88 171 302 Other capital accounts 513 29^ 182 11 27 41 30 54 13 6^ 15^ 36^ 69 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 297,507 19,840 106,001 9,381 18,172 26,297 10,766 35,436 8,114 5,142 9,478 13,578 35,301 FEDERAL RESERVE AGENTS1 ACCOUNTS F.R. notes outstanding 285,538 20,014 94,288 9,087 18,938 26,602 10,452 34,247 8,772 4,732 9,836 14,392 34,180 Less—Held by F.R. Banks 41,561 2,564 6,117 1,953 2,495 3,962 4,025 3,063 1,877 870 2,406 3,489 8,739 F.R. notes> net 243,978 17,450 88,170 7,134 16,443 22,640 6,427 31,184 6,696 3,861 7,430 10,903 25,441 Collateral held against F.R. notes Gold certificate account 11,065 Special drawing rights certificate account 8,518 Other eligible assets 0 U.S. govt, and agency securities 224,395 Total collateral 243,978 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