H.4.1 Factors Affecting Reserve Balances of Depository Institutions

•i-iSi^v. 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 January 4, 1991 Millions of dollars Averages o f daily figures Reserve balances of depository institutions at Heek ended Change from week ended Hednesday F.R. Banks, Reserve Bank credit> and related items Jan 2, 1991 Dec 26, 1990 Jan ~3, 1990 Jan 2, 1991 Reserve Bank credit1 2 298,225 + 6,832 + 21,830 284,578 U.S. government securities Bought outright—system account 235,686 - 3,215 + 10,410 238,053 Held under repurchase agreements 10,469 + 6,882 + 7,099 0 Federal agency obligations Bought outright 6,342 0 - 183 6,342 Held under repurchase agreements 450 + 442 - 189 0 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 185 - 570 - 241 489 Seasonal credit 59 - 17 - 19 38 Extended credit 23 + 1 + 3 24 Float 4,689 + 3,367 + 3,592 656 Other F.R. assets 40,323 - 57 + 1,359 38,975 Gold stock 11,058 0 - 1 11,058 Special drawing rights certificate account 10,018 0 + 1,500 10,018 Treasury currency outstanding 20,388 + 10 + 761 20,388 Total factors supplying reserve funds 339,690 _ 6,842 _ 24,090 326,043 Currency in circulation* 286,860 + 1,932 + 26,283 287,369 Treasury cash holdings* 555 + 1 + 101 566 Deposits> other than reserve balances, with F.R. Banks Treasury 7,987 + 1,177 + 1,705 10,495 Foreign 319 + 83 - 135 203 Service-related balances and adjustments3 2,252 + 314 + 254 2,252 Other 234 + 33 - 770 184 Other F.R. liabilities and capital 8,668 - 424 + 181 7,987 Total factors, other than reserve balances, absorbing reserve funds 306,875 + 3,115 + 27,618 309,057 Reserve balances with F.R. Banks4 32,815 + 3,727 - 3,528 16,986 On January 2, 1991, marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 249,134 million, a change of - $ 1,550 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 $ 6,663 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. government securities. 2 Net of $ 4,191 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4,191 million was with foreign official and international accounts. Includes $ 703 million securities loaned-fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,966 million and adjustments of $ 287 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 yiliions of dollars Change since ** WWeeddnneessddaayy Wednesday | Wednesday Jan 2, 1991 Dec 26, 1990 Jan 3, 1990 ASSETS f Gold certificate account 11,058 0 - 1 Special drawing rights certificate account 10,018 0 + 1,500 Coin 529 - 17 + 82 - Loans 551 4,428 + 386 Acceptances 0 0 0 Federal agency obligations Bought outright 6,342 0 - 183 Held under repurchase agreements1 0 - 10 - 785 U.S. government securities Bought outright—Bills 115,484 '•¥ 117 + 13,934 Notes ! 91,407 0 + 25 Bonds 31,163 0 + 350 Total bought outright2 238,053 + 117 + 14,309 Held under repurchase agreements1 0 - 3,632 - 5,123 Total U.S. government securities 223388,,005533 - 3,515 ++ 9,186 Total loans and securities 224444,,994466 - 7,953 ** 8,603 - Items in process of collection (461) 4,470 + 427 6,361 Bank premises 872 + 1 + 82 Other assets3 38,410 - 1,346 + 334 TOTAL ASSETS (461) 310,303 - 8,888 + 4,239 LIABILITIES Federal Reserve notes 268,076 • 1,188 + 26,197 Deposits Depository institutions 19,641 - 8,998 - 19,307 U.S. Treasury—general account 10,495 - 880 • 3,291 Foreign—official accounts 203 + 24 - 79 Other 118844 - 55 •• 13 Total deposits 3300,,552233 - 9,910 16,082 Deferred availability cash items (461) 3,716 + 673 - 5,208 Other liabilities and accrued dividends4 33,,003355 554400 - 945 TOTAL LIABILITIES ((446611)) 330055,,335500 ii ~~"" 88,,558899 + 3,961 CAPITAL ACCOUNTS Capital paid in 2,423 0 + 180 Surplus 2,423 + 180 180 •#• Other capital accounts 106 - 480 - 82 * 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 $ 2,148 million was outstanding at the end of the latest statement week. 2 Net of $ 4,191 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 703 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 $ 27 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, JANUARY 2, 1991 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 Hithin 15 days 545 0 WWiitthhiinn 1155 ddaayyss 1122,,009944 ++ 660066 0 210 16 days to 90 days 7 0 1166 ddaayyss ttoo 9900 ddaayyss 5533,,994444 22,,993388 932 + 195 Over 90 days 0 0 9911 ddaayyss ttoo 11 yyeeaarr 7755,,440088 556600 1,644 + 5 OOvveerr 11 yyeeaarr ttoo 55 yyeeaarrss 5588,,774499 662233 2,555 0 OOvveerr 55 yyeeaarrss ttoo 1100 yyeeaarrss 1133,,112211 00 1,022 0 OOvveerr 1100 yyeeaarrss 2244,,773366 00 188 0 Total 551 0 TToottaall 223388,,005533 33,,551155 6,342 10 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 JANUARY 2, 1991 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 529 41 16 31 39 106 52 32 35 14 33 43 88 Loans 551 17 15 177 0 201 3 18 22 3 31 24 39 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 115,484 7,758 42,631 3,363 6,918 10,748 4,033 14,085 3,349 1,845 3,769 4,122 12,863 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 238,053 15,993 87,877 6,933 14,261 22,156 8,313 29,034 6,903 3,803 7,769 8,497 26,516 Held under repurchase agreements1 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt, securities 238,053 15,993 87,877 6,933 14,261 22,156 8,313 29,034 6,903 3,803 7,769 8,497 26,516 Total loans and securities 244,946 16,436 90,233 7,294 14,641 22,948 8,538 29,825 7,109 3,907 8,007 8,747 27,261 Items in process of collection 4,931 285 825 288 239 127 428 379 193 495 375 594 701 Bank premises 872 90 76 45 36 122 58 110 28 33 54 72 148 Other assets3 38,410 1,529 10,627 1,651 2,141 2,970 3,487 4,730 1,028 1,107 1,446 2,703 4,990 Interdistrict settlement account 0 +406 +12,615 -1,352 -179 -7,074 +1,147 +1,325 -521 -863 -1,549 +840 -4,796 TOTAL ASSETS 310,763 20,248 121,289 8,661 18,250 21,168 14,477 39,114 8,525 5,069 9,122 14,047 30,794 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 $ 2,148 million was outstanding at the end of the latest statement week. 2 Net of $ 4,191 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 703 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 $ 27 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 JANUARY 2, 1991 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City Francisco LIABILITIES Federal Reserve notes 268,076 18,851 103,113 7,064 16,993 18,916 11,726 36,084 7,499 3,918 7,780 11,441 24,692 Deposits Depository institutions 1 19,641 719 4,192 1,118 648 1,497 1,882 1,754 612 405 699 1,612 4,503 U.S. Treasury—general account 10,495 0 10,495 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 203 6 94 7 8 9 15 19 4 5 6 11 20 Other 184 1 109 2 2 13 2 30 1 6 8 6 5 Total deposits 30,523 725 14,889 1,127 658 1,520 1,898 1,802 617 415 713 1,629 4,529 Deferred credit items 4,177 281 631 178 155 170 259 277 200 551 347 505 621 Other liabilities and accrued dividends1 3,035 187 1,281 84 165 256 99 340 79 46 93 99 307 TOTAL LIABILITIES 305,811 20,045 119,915 8,452 17,971 20,862 13,982 38,503 8,395 4,930 8,934 13,674 30,149 CAPITAL ACCOUNTS Capital paid in 2,423 97 667 93 147 148 246 300 64 69 93 185 315 Surplus 1 2,423 97 667 115 125 148 246 300 64 69 93 185 315 Other capital accounts [ 106 9_ 40 0_ 6^ 10 4_ 11 3_ 2_ 3_ 4_ 14 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 310,763 20,248 121,289 8,661 18,250 21,168 14,477 39,114 8,525 5,069 9,122 14,047 30,794 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 304,645 21,405 108,717 8,373 18,644 24,517 15,048 38,992 9,157 4,696 9,905 13,898 31,291 Less—Held by F.R. Banks 36,569 2,554 5,604 1,310 1,651 5,601 3,322 2,909 1,659 777 2,125 2,457 6,600 F.R. notes, net 268,076 18,851 103,113 7,064 16,993 18,916 11,726 36,084 7,499 3,918 7,780 11,441 24,692 Collateral held against F.R. notes Gold certificate account 11,058 Special drawing rights certificate account 10,018 Other eligible assets 2,604 U.S. govt, and agency securities 244,395 Total collateral 268,076 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