H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE -•^m-- 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 February 21, 1991 Millions of dollars Averages of daily figures RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt WWeeeekk eennddeedd Change from week ended Wednesday FF..RR.. BBaannkkss,, RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss FFeebb 2200,, 11999911 Feb 13, 1991 Feb 21, 1990 Feb 20, 1991 Reserve Bank credit1 2 287,013 + 1,280 + 22,831 290,155 U.S. government securities Bought outright—system account 235,574 669 + 19,434 235,204 Held under repurchase agreements 4,341 + 3,443 + 4,341 6,118 Federal agency obligations Bought outright 6,342 0 183 6,342 Held under repurchase agreements 303 + 230 + 303 181 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 203 • 173 1,397 591 Seasonal credit 46 + 19 12 45 Extended credit 33 + 14 196 63 Float 960 237 660 2,307 Other F.R. assets 39,211 1,692 + 1,202 39,304 Gold stock 11,058 0 1 11,058 Special drawing rights certificate account 10,018 0 + 1,500 10,018 Treasury currency outstanding 20,474 + 10 + 733 20,474 Total factors supplying reserve funds 328,563 + 1,290 + 25,063 331,705 Currency in circulation* 284,780 + 814 + 29,519 285,234 Treasury cash holdings* 590 + 32 + 95 597 Deposits, other than reserve balances, with F.R. Banks Treasury 9,728 1,460 + 4,945 15,782 Foreign 221 + 6 14 235 Service-related balances and adjustments3 2,804 + 131 + 780 2,804 Other 210 + 26 133 188 Other F.R. liabilities and capital 8,936 675 49 8,819 Total factors, other than reserve balances, absorbing reserve funds 307,269 1,127 + 35,142 313,659 Reserve balances with F.R. Banks4 21,294 + 2,417 10,079 18,046 On February 20, 1991, marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 254,164 million, a change of - $ 1,770 million for the week. 1 Net of $ 5,912 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 5,912 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. government securities. 2 Net of $ 6,547 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 6,547 million was with foreign official and international accounts. Includes $ 79 million securities loaned-fully secured U.S. government securities. 3 Consists of required clearing balances of $ 2,392 million and adjustments of $ 413 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 Wednesday Wednesday Wednesday Feb 20, 1991 Feb 13, 1991 Feb 21, 1990 ASSETS Gold certificate account 11,058 0 1 Special drawing rights certificate account 10,018 0 + 1,500 Coin 656 Z + 88 Loans 700 598 3,179 Acceptances 0 0 0 Federal agency obligations Bought outright 6,342 0 183 Held under repurchase agreements1 181 15 + 181 U.S. government securities Bought outright—Bills 112,634 322 + 19,014 Notes 91,307 100 * 67 Bonds 31,263 100 + 308 Total bought outright2 235,204 322 • 19,389 Held under repurchase agreements1 6,118 3,540 + 6,118 Total U.S. government securities 241,322 3,862 25,507 Total loans and securities 248,544 4,446 22,326 Items in process of collection (767) 10,534 5,393 597 Bank premises 886 3 93 Other assets3 38,287 1,408 902 TOTAL ASSETS (767) 319,983 8,436 25,505 LIABILITIES Federal Reserve notes 266,012 822 29,163 Deposits Depository institutions 20,975 603 13,240 U.S. Treasury—general account 15,782 4,770 10,472 Foreign—official accounts 235 25 11 Other 188 12 114 Total deposits 37 ,180 4,204 2,871 Deferred availability cash items (767) 7 ,972 3,311 824 Other liabilities and accrued dividends* 3 ,438 75 414 TOTAL LIABILITIES (767) 314,601 8,411 25,054 CAPITAL ACCOUNTS Capital paid in 2,475 4 200 Surplus 2,423 0 180 Other capital accounts 484 21 70 * 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 $ 6,547 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 79 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 $ 34 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 20, 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 rnmen t Federal agency securities obligations LLooaannss AAcccceeppttaanncceess Neekly Neekly Holdings Holdings changes changes Within 15 days 700 0 NNiitthhiinn 1155 ddaayyss 1144,,117733 1,580 569 + 288 16 days "to 90 days 0 0 1166 ddaayyss ttoo 9900 ddaayyss 5588,,663388 + 4,367 575 303 Over 90 days 0 0 9911 ddaayyss ttoo 11 yyeeaarr 7711,,000022 + 510 1,563 0 OOvveerr 11 yyeeaarr ttoo 55 yyeeaarrss 5599,,554499 + 648 2,590 0 OOvveerr 55 yyeeaarrss ttoo 1100 yyeeaarrss 1133,,228844 23 1,037 0 OOvveerr 1100 yyeeaarrss 2244,,667766 61 188 0 Total 700 0 TToottaall 224411,,332222 f 3,862 6,523 15 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 20, 1991 Millions of dollars Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San City Francisco LIABILITIES Federal Reserve notes 266,012 17,947 106,150 6,533 15,881 20,074 9,819 35,034 7,318 3,761 8,311 10,626 24,559 Deposits Depository institutions 20,975 982 3,406 962 1,359 1,626 3,145 1,621 809 528 773 1,762 4,001 U.S. Treasury—general account 15,782 0 15,782 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 235 6 126 7 8 9 15 19 4 4 6 11 20 Other 188 1 85 1 2 38 1 37 1 5 8 4 6 Total deposits 37,180 989 19,400 970 1,369 1,674 3,161 1,677 814 537 788 1,777 4,026 Deferred credit items 8,738 481 1,083 616 307 682 997 779 291 525 589 802 1,586 Other liabilities and accrued dividends1 3,438 181 1,710 83 159 257 99 332 77 46 91 99 305 TOTAL LIABILITIES 315,368 19,598 128,342" 8,202 17,715 22,687 14,077 37,821 8,500 4,869 9,778 13,304 30,476 CAPITAL ACCOUNTS Capital paid in 2,475 98 701 103 147 149 246 304 64 69 93 185 317 Surplus 2,423 97 667 115 125 148 246 300 64 69 93 185 315 Other capital accounts 484 27 194 13 46 38 19 54 12 7_ 14 17 43 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 320,750 19,820 129,905 8,432 18,034 23,022 14,586 38,479 8,639 5,013 9,978 13,691 31,152 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 309,963 21,170 114,328 7,985 18,318 25,757 14,234 38,229 9,326 4,591 10,508 13,507 32,012 Less—Held by F.R. Banks 43,951 3,223 8,177 1,452 2,437 5,683 4,414 3,195 2,008 830 2,197 2,881 7,453 F.R. notes, net 266,012 17,947 106,150 6,533 15,881 20,074 9,819 35,034 7,318 3,761 8,311 10,626 24,559 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 244,936 Total collateral 266,012 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

H.4.1 (b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON FEBRUARY 20, 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 656 52 18 40 52 130 67 42 39 18 42 47 110 Loans 700 44 375 33 0 41 164 5 5 12 17 0 5 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 181 0 181 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright—Bills 112,634 7,567 41,579 3,280 6,748 10,483 3,933 13,737 3,266 1,799 3,676 4,020 12,546 Notes 91,307 6,134 33,706 2,659 5,470 8,498 3,188 11,136 2,648 1,459 2,980 3,259 10,170 Bonds 31,263 2,100 11,541 910 1,873 2,910 1,092 3,813 907 499 1,020 1,116 3,482 Total bought outright2 235,204 15,801 86,825 6,850 14,090 21,891 8,213 28,686 6,820 3,757 7,676 8,395 26,198 Held under repurchase agreements1 6,118 0 6,118 0 0 0 0 0 0 0 0 0 0 Total U.S. govt, securities 241,322 15,801 92,943 6,850 14,090 21,891 8,213 28,686 6,820 3,757 7,676 8,395 26,198 Total loans and securities 248,544 16,271 95,840 7,068 14,470 22,522 8,599 29,464 7,008 3,870 7,899 8,621 26,910 Items in process of collection 11,301 1,057 1,464 718 446 949 1,332 941 366 540 696 982 1,809 Bank premises 886 90 85 45 34 122 58 111 28 33 54 78 148 Other assets3 38,287 1,605 11,259 1,726 2,050 2,429 3,588 4,676 1,001 1,026 1,414 2,705 4,808 Interdistrict settlement account 0 -715 +14,342 -1,868 -352 -5,100 + 174 +531 -456 -849 -884 +210 -5,033 TOTAL ASSETS 320,750 19,820 129,905 8,432 18,034 23,022 14,586 38,479 8,639 5,013 9,978 13,691 31,152 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 $ 6,547 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 79 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 $ 34 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