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. 'f^UteS^' H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks February 14, 1991 Millions of dollars Averages of daily figures RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt Meek ended Change from week ended Hednesday FF..RR.. BBaannkkss>> RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss Feb 13, 1991 Feb 6, 1991 Feb 14, 1990 Feb 13, 1991 Reserve Bank credit1 2 285,735 + 225 + 22,291 285,524 U.S. government securities Bought outright—system account 236,243 + 3,149 + 21,348 234,881 Held under repurchase agreements 898 - 2,445 + 898 2,578 Federal agency obligations Bought outright 6,342 0 - 183 6,342 Held under repurchase agreements 73 - 329 + 73 196 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 30 - 10 - 967 51 Seasonal credit 27 0 - 13 33 Extended credit 20 - 1 - 16 18 Float 1,200 + 15 + 537 743 Other F.R. assets 40,903 - 155 + 613 40,683 Gold stock 11,058 0 - 1 11,058 Special drawing rights certificate account 10,018 0 + 1,500 10,018 Treasury currency outstanding 20,464 _+ 10 + 738 20,464 Total factors supplying reserve funds 327,276 235 • 24,528 327,064 Currency in circulation* 283,967 + 1,023 + 29,272 284,411 Treasury cash holdings* 558 - 26 + 62 589 Deposits, other than reserve balances, with F.R. Banks Treasury 11,187 + 5 + 4,741 11,012 Foreign 215 + 2 + 3 210 Service-related balances and adjustments3 2,673 - 93 + 638 2,673 Other 184 - 18 - 50 177 Other F.R. liabilities and capital 9,612 - 37 + 783 8,719 Total factors, other than reserve balances, absorbing reserve funds 308,396 + 856 + 35,449 307,792 Reserve balances with F.R. Banks4 18,880 - 621 - 10,921 19,272 On February 13, 1991, marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 255,934 million, a change of + $ 872 million for the week. 1 Net of $ 4,934 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 4,934 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. government securities. 2 Net of $ 6,488 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 6,488 million was with foreign official and international accounts. Includes $ 43 million securities loaned-fully secured U.S. government securities. 3 Consists of required clearing balances of $ 2,392 million and adjustments of $ 282 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 •• WWeeddnneessddaayy Wednesday Wednesday Feb 13, 1991 Feb 6, 1991 Feb 14, 1990 ASSETS Gold certificate account 11,058 0 - 1 Special drawing rights certificate account 10,018 0 4 1,500 Coin 653 + 19 * 93 Loans 102 + 49 -. 925 Acceptances 0 0 0 Federal agency obligations Bought outright 6,342 0 .. 183 Held under repurchase agreements1 196 + 196 * 196 U.S. government securities Bought outright—Bills 112,311 + 2,782 + 19,194 Notes 91,407 0 + 25 Bonds 31,163 0 + 350 Total bought outright2 234,881 + 2,782 f 19,569 Held under repurchase agreements1 2,578 + 2,578 + 2,578 Total U.S. government securities 237,459 + 5,360 + 22,147 Total loans and securities 244,098 + 5,605 + 21,234 Items in process of collection (451) 5,141 - 4,108 - 636 Bank premises 882 + 1 + 90 Other assets3 3399,,669966 - 447 ++ 164 TOTAL ASSETS ((445511)) 331111,,554466 + 1,070 ++ 22,445 LIABILITIES Federal Reserve notes 265,190 + 1,038 + 28,859 Deposits Depository institutions 21,578 + 456 - 11,425 U.S. Treasury—general account 11,012 + 1,156 + 5,359 Foreign—official accounts 210 - 24 + 30 Other 117777 - 25 42 __ Total deposits 3322,,997777 + 1,562 6,078 Deferred availability cash items (451) 4,661 - 883 - 577 Other liabilities and accrued dividends4 3,363 + 162 - 236 TOTAL LIABILITIES (451) 306,190 + 1,879 + 21,967 CAPITAL ACCOUNTS Capital paid in 2,471 + 20 + 210 Surplus 2,423 0 + 180 Other capital accounts 462 - 829 + 87 * 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 $ 1,558 million was outstanding at the end of the latest statement week. 2 Net of $ 6,488 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 43 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 $ 40 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, FEBRUARY 13, 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. gove r nmen t Federal agency securities obligations LLooaannss AAcccceeppttaanncceess Weekly Weekly Holdings Holdings changes changes Within 15 days 91 0 WWiitthhiinn 1155 ddaayyss 1155,,775533 + 3,830 281 + 226 16 days to 90 days 11 0 1166 ddaayyss ttoo 9900 ddaayyss 5544,,227711 + 4,138 878 85 Over 90 days 0 0 9911 ddaayyss ttoo 11 yyeeaarr 7700,,449922 2,608 1,563 0 OOvveerr 11 yyeeaarr ttoo 55 yyeeaarrss 5588,,990011 0 2,590 + 40 OOvveerr 55 yyeeaarrss ttoo 1100 yyeeaarrss 1133,,330066 0 1,037 + 15 OOvveerr 1100 yyeeaarrss 2244,,773366 0 188 0 Total 102 0 TToottaall 223377,,445599 + 5,360 6,538 * 196 Components may not add to totals due to rounding. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H4.1 (b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON FEBRUARY 13 ,1991 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas 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 653 51 18 38 52 131 67 43 40 18 41 48 107 Loans 102 36 2 15 0 7 2 4 13 11 9 0 2 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 196 0 196 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright—Bills 112,311 7,545 41,460 3,271 6,728 10,453 3,922 13,698 3,257 1,794 3,665 4,009 12,510 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 234,881 15,780 86,706 6,840 14,071 21,861 8,202 28,647 6,811 3,752 7,665 8,383 26,162 Held under repurchase agreements1 2,578 0 2,578 0 0 0 0 0 0 0 0 0 0 Total U.S. govt, securities 237,459 15,780" 89,284 6,840 14,071 21,861 8,202 28,647 6,811 3,752 7,665 8,383 26,162 Total loans and securities 244,098 16,242 "91,823 7,040 14,451 22,459 8,426 29,424 7,007 3,865 7,881 8,610 26,871 Items in process of collection 5,592 308 684 372 239 447 614 475 178 299 355 603 1,018 Bank premises 882 90 85 45 34 122 58 111 28 33 53 75 148 Other assets3 39,696 1,726 11,577 1,773 2,141 2,572 3,664 4,892 1,046 1,056 1,475 2,780 4,993 Interdistrict settlement account 0 -389 +14,116 -1,950 -915 -4,653 + 272 +646 -584 »942 -1,016 -208 -4,376 TOTAL ASSETS 311,997" 19,489 125,200 8,021 17,334 23,048 13,869 38,304 8,368 4,703 9,545 12,956 31,161 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 $ 1,558 million was outstanding at the end of the latest statement week. 2 Net of $ 6,488 million matched sale-purchase transactions outstanding at tfie end of the latest statement week. Includes $ 43 million securities loaned-fully secured by U.S. government securities. 3 Includes asset;; denominated in foreign currencies, revalued monthly at market exchange rates. Includes special investment account at Chicago of $ 40 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 FEBRUARY 13, 1991 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 265,190 17,955 105,602 6,527 15,897 19,933 9,958 35,103 7,226 3,752 8,254 10,665 24,316 Deposits Depository institutions 21,578 873 4,529 903 783 2,112 2,637 1,716 767 466 651 1,272 4,870 U.S. Treasury—general account 11,012 0 11,012 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 210 6 101 7 8 9 15 19 4 4 6 11 20 Other 177 ! 4 72 I I 40 1 43 I 4 6 0 2 Total deposits 32,977 883 15,714 911 791 2,161 2,654 1,778 772 474 663 1,284 4,892 Deferred credit items 5,112 254 644 272 173 378 652 445 156 289 340 525 985 Other liabilities and accrued dividends1 3,363 175 1,712 80 154 240 96 319 75 43 88 96 284 TOTAL LIABILITIES 306,641 19,267 123,672 7,791 17,015 22,712 13,360 37,645 8,229 4,559 9,346 12,569 30,477 CAPITAL ACCOUNTS Capital paid in 2,471 98 698 103 147 149 246 304 64 69 93 185 317 Surplus 2,423 97 667 115 125 148 246 300 64 69 93 185 315 Other capital accounts ; 462 27 163 13 47 39 18 55 11 7_ 14 17 52 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 311,997 19,489 125,200 8,021 17,334 23,048 13,869 38,304 8,368 4,703 9,545 12,956 31,161 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 309,167 21,120 113,571 8,034 18,374 25,603 14,388 38,237 9,263 4,597 10,528 13,558 31,894 Less—Held by F.R. Banks 43,977 3,164 7,970 1,507 2,477 5,670 4,430 3,134 2,037 844 2,274 2,893 7,578 F.R. notes> net 265,190 17,955 105,602 6,527 15,897 19,933 9,958 35,103 7,226 3,752 8,254 10,665 24,316 Collateral held against F.R. notes Gold certificate account 11,058 Special drawing rights certificate account 10,018 Other eligible assets 117 U.S. govt, and agency securities 1 243,997 Total collateral | 265,190 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