H.4.1 Factors Affecting Reserve Balances of Depository Institutions

•v^s^: FEDERAL RESERVE statistical release These data are released each Monday. The amiability of the release will be announced when the information is available, on (202) 452-3204. •?r«rs5^-- H.4.1 For release at 4:30 PM EST December 20, 1990 NOTICE The H.4.1 statistical release (Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks) will not be published on Thursday, December 27, but instead will be published on Friday, December 28, and Thursday, January 3 but instead will be published on Friday, January 4. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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 December 20> 1990 Millions of dollars Averac les of daily figures Reserve balances of depository institutions at Heek ended Change from week ended Wednesday F.R. Banks, Reserve Bank credit, and related items Dec 19, 1990 Dec 12, 1990 Dec 20, 1989 Dec 19, 1990 Reserve Bank credit1 2 286,508 - 2,537 • 18,884 288,477 U.S. government securities Bought outright—system account 239,302 - 2,358 • 16,694 240,854 Held under repurchase agreements 0 - 648 - 232 0 Federal agency obligations Bought outright 6,342 0 - 183 6,342 Held under repurchase agreements 0 - 3 - 19 0 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 52 + 29 - 30 39 Seasonal credit 81 + 5 - 6 79 Extended credit 22 - 2 • 2 20 Float 676 • 184 - 619 1,141 Other F.R. assets 40,033 • 257 • 3,276 40,000 Gold stock 11,058 0 - 1 11,058 Special drawing rights certificate account 10,018 0 • 1,500 10,018 Treasury currency outstanding 20,368 • 10 + 775 20,368 Total factors supplying reserve funds 327,953 - 2,527 + " 21,158 329,921 Currency in circulation* 282,470 • 1,318 • 25,786 283,471 Treasury cash holdings* 553 + 2 + 105 554 Deposits> other than reserve balances, with F.R. Banks Treasury 5,406 • 1,258 • 1,004 6,656 Foreign 234 • 4 - 18 246 Service-related balances and adjustments3 2,160 + 153 • 290 2,159 Other 246 • 22 - 92 324 Other F.R. liabilities and capital 8,947 - 465 • 1,108 8,610 Total factors, other than reserve balances, absorbing reserve funds 300,015 • 2,290 • 28,183 302,019 Reserve balances with F.R. Banks4 27,938 - 4,817 - 7,025 27,902 On December 19, 1990, marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 248,971 million, a change of - $ 1,520 million for the week. 1 Net of $ 6,917 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 6,037 million was with foreign official and international accounts. Includes securities loaned-fuliy secured by U.S. government securities. 2 Net of $ 4,881 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4,881 million was with foreign official and international accounts. Includes $ 102 million securities loaned-fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,794 million and adjustments of $ 366 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 Nednesday Dec 19, 1990 Dec 12, 1990 Dec 20, 1989 ASSETS Gold certificate account 11,058 0 - 1 Special drawing rights certificate account 10,018 0 4 1,500 Coin 559 4 10 4 70 Loans 139 - 73 - 43 Acceptances 0 0 0 Federal agency obligations Bought outright 6,342 0 - 183 Held under repurchase agreements1 0 - 21 - 130 U.S. government securities Bought outright—Bills 118,285 4 324 4 17,857 Notes 91,407 - 300 4 25 Bonds 3311,,116633 0 44 350 Total bought outright2 224400,,885544 4 24 44 18,232 Held under repurchase agreements1 0 - 4,537 - 1,622 Total U.S. government securities 240,854 - 4,513 4 16,610 Total loans and securities 247,335 - 4,608 4 16,254 Items in process of collection 1603) 7,101 4 747 • 1,415 Bank premises 866 4 2 4 77 Other assets3 38,954 - 159 4 2,716 TOTAL ASSETS (603) 315,891 - 4,008 4 19,201 LIABILITIES Federal Reserve notes 264,216 4 1,539 4 25,171 Deposits Depository institutions 30,154 - 7,691 - 7,623 U.S. Treasury—general account 6,656 4 2,141 4 1,300 Foreign—official accounts 246 - 10 4 18 Other 324 4 97 4 96 Total deposits 37,380 - 5,463 ! 6,208 Deferred availability cash items (603) 5,686 4 217 " 731 Other liabilities and accrued dividends4 3,291 - 366 4 484 TOTAL LIABILITIES <603) 310,573 " 4,074 4 18,716 CAPITAL ACCOUNTS Capital paid in j 2,418 4 2 4 174 Surplus i 2,243 0 4 131 Other capital accounts | 657 4 64 4 180 * 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 $ 1,600 million was outstanding at the end of the latest statement week. 2 Net of $ 4,881 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 102 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 $ 68 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, DECEMBER 19, 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 135 0 WWiitthhiinn 1155 ddaayyss 11,952 1,084 245 • 179 16 days to 90 days 4 0 1166 ddaayyss ttoo 9900 ddaayyss 57,490 133 662 200 Over 90 days 0 0 9911 ddaayyss ttoo 11 yyeeaarr 74,182 2,996 1,648 0 OOvveerr 11 yyeeaarr ttoo 55 yyeeaarrss 59,372 200 2,573 0 OOvveerr 55 yyeeaarrss ttoo 1100 yyeeaarrss 13,121 100 1,025 0 OOvveerr 1100 yyeeaarrss 24,736 0 188 0 Total 139 0 TToottaall 240,854 4,513 6,342 21 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 DECEMBER 19, 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 11,058 750 3,501 384 688 1,008 465 1,377 346 203 422 585 1,329 Special drawing rights certif. acct. 10,018 711 3,395 319 645 961 303 1,336 307 172 334 463 1,072 Coin 559 43 18 33 41 108 57 34 37 14 34 47 93 Loans 139 8 1 3 0 6 3 4 34 15 15 21 30 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Federal agency obligations Bought outright 6,342 426 2,341 185 380 590 221 773 184 101 207 226 706 Held under repurchase agreements1 0 0 0 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright—-Bills 118,285 7,947 43,665 3,445 7,086 11,009 4,131 14,426 3,430 1,889 3,860 4,222 13,175 Notes 91,407 6,141 33,743 2,662 5,476 8,508 3,192 11,148 2,650 1,460 2,983 3,263 10,181 Bonds 31,163 2,094 11,504 908 1,867 2,900 1,088 3,801 904 498 1,017 1,112 3,471 Total bought outright2 240,854 16,181 88,911 7,014 14,429 22,417 8,411 29,375 6,984 3,847 7,860 8,597 26,828 Held under repurchase agreements1 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt, securities 240,854 16,181 88,911 7,014 14,429 22,417 8,411 29,375 6,984 3,847 7,860 8,597 26,828 Total loans and securities 247,335 16,615" 91,253 7,202 14,809 23,013 8,635 30,153 7,202 3,964 8,082 8,844 27,564 Items in process of collection 7,704 435 1,180 489 333 541 726 739 254 434 485 665 1,423 Bank premises 866 89 76 45 36 122 58 110 28 33 53 67 148 Other assets3 38,954 1,532 10,886 1,657 2,170 2,995 3,507 4,826 1,049 1,098 1,463 2,730 5,042 Interdistrict settlement account 0 •650 •9,276 -1,296 -27 -6,789 •2,364 •1,519 -377 -749 -1,581 •891 -3,881 TOTAL ASSETS 316,495 20,826 119,584 8,832 18,695 21,960 16,115 40,093 8,846 5,169 9,293 14,292 32,790 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 $ 1,600 million was outstanding at the end of the latest statement week. 2 Net of $ 4.881 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 102 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 $ 68 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 DECEMBER 19, 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 264,216 18,679 101,340 6,930 16,801 18,643 11,623 35,657 7,425 3,866 7,740 11,356 24,156 Deposits Depository institutions 30,154 1,387 7,436 1,254 1,171 2,218 3,182 2,692 983 685 839 1,845 6,462 U,S* Treasury—general account 6,656 0 6,656 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 246 6 137 7 8 9 15 19 4 5 6 11 20 Other 324 1 205 2 1 29 2 70 1 5 2 3 3 Total deposits 37,380 1,393 14,434 1,263 1,180 2,256 3,198 2,782 988 695 847 1,859 6,465 Deferred credit items 6,289 345 838 308 265 457 674 641 210 415 410 582 1,144 Other liabilities and accrued dividends * 3,291 190 1,462 87 172 264 107 358 82 49 95 105 320 TOTAL LIABILITIES 311,176 20,606 118,074 8,587 18,419 21,620 15,603 39,437 8,706 5,024 9,092 13,902 32,106 CAPITAL ACCOUNTS Capital paid in 2,418 94 667 115 125 148 246 300 63 68 93 185 314 Surplus 2,243 83 608 100 124 139 219 281 62 67 88 171 302 Other capital accounts 657 42 235 30 28^ 53 48 76 15 9^ 20 34 68 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 316,495 20,826 119,584 8,832 18,695 21,960 16,115 40,093 8,646 5,169 9,293 14,292 32,790 FEDERAL RESERVE AGENTS* ACCOUNTS F.R. notes outstanding 306,481 21,440 109,058 8,435 18,723 24,701 15,422 39,089 9,217 4,715 9,954 14,039 31,688 Less—Held by F.R. Banks 42,265 2,761 7,719 1,505 1,922 6,058 3,799 3,432 1,792 849 2,214 2,683 7,532 F.R. notes> net 264,216 18,679 101,340 6,930 16,801 18,643 11,623 35,657 7,425 3,866 7,740 11,356 24,156 Collateral held against F,R. notes Gold certificate account 11,058 Special drawing rights certificate account 10,018 Other eligible assets 0 U.S. govt, and agency securities 243,139 Total collateral 264,216 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. Components may not add to totals ^iue to rounding. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Board of Governors of the POSTAGE AND FEES PAJD Federal Reserve System *»'d ^°7Ton c . _ ^ * ot thf Federal Reserve System m Washington, D.C. 20551 622 omcuL IUSNISS Faulty lor ***** Vm UO0 First Class Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis