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. *4lR£ H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks February 28, 1991 Millions of dollars Averac es of daily figures RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt Week ended Change from week ended Wednesday FF..RR.. BBaannkkss>> RReesseerrvvee BBaannkk ccrreeddiitt>> aanndd rreellaatteedd iitteemmss Feb 27, 1991 Feb 20, 1991 Feb 28, 1990 Feb 27, 1991 Reserve Bank credit1 2 287,841 • 829 • 22,414 286,222 U.S. government securities Bought outright—system account 235,783 • 209 • 17,972 236,235 Held under repurchase agreements 5,603 • 1,262 • 5,603 3,580 Federal agency obligations Bought outright 6,342 0 - 183 6,342 Held under repurchase agreements 675 • 372 • 675 575 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 265 • 62 • 190 29 Seasonal credit 43 - 3 - 18 40 Extended credit 60 • 26 - 1,678 56 Float 163 - 786 - 722 219 Other F.R. assets 38,908 - 313 • 576 39,147 Gold stock 11,058 0 - 1 11,058 Special drawing rights certificate account 10,018 0 • 1,500 10,018 Treasury currency outstanding 20,484 10 + 728 20,484 Total factors supplying reserve funds 329,402 839 ~~~+ 24,641 327,782 Currency in circulation* 284,550 - 230 • 29,551 284,799 Treasury cash holdings* 554 - 36 • 56 498 Deposits, other than reserve balances> with F.R. Banks Treasury 13,345 • 3,617 • 7,212 13,300 Foreign 235 • 14 + 17 301 Service-re la tec! balances and adjustments3 2,851 • 47 + 933 2,851 Other 188 - 22 - 210 184 Other F.R. liabilities and capital 9,017 • 81 • 44 8,746 Total factors> other than reserve balances, absorbing reserve funds 310,740 • 3,470 • 37,602 310,678 Reserve balances with F.R. Banks4 18,662 - 2,631 - 12,961 17,104 On February 27,1991, marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 256,001 million, a change of + $ 1,837 million for the week. 1 Net of $ 6,830 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 6,830 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. government securities. 2 Net of $ 7,159 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 7,159 million was with foreign official and international accounts. Includes $ 187 million securities loaned-fully secured U.S. government securities. 3 Consists of required clearing balances of $ 2,437 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 ** WWeeddnneessddaayy Wednesday Wednesday Feb 27, 1991 Feb 20, 1991 Feb 28, 1990 ASSETS Gold certificate account 11,058 0 - 1 Special drawing rights certificate account 10,018 0 • 1,500 Coin 661 • 5 • 93 - - Loans 125 575 1,654 Acceptances 0 0 0 Federal agency obligations Bought outright 6,342 0 - 183 Held under repurchase agreements1 575 • 394 * 575 U.S. government securities Bought outright—Bills 113,215 • 581 + 16,278 Notes 91,757 + 450 + 517 Bonds 31,263 0 • 308 Total bought outright2 236,235 • 1,031 + 17,103 Held under repurchase agreements1 333,,,555888000 - 2,538 +++ 3,580 Total U.S. government securities 222333999,,,888111555 - 1,507 +++ 20,683 Total loans and securities 222444666,,,888555666 - 1,688 19,421 - - Items in process of collection (531) 4,859 5,675 1,077 Bank premises 884 - 1 • 93 Other assets3 38,366 + 79 • 1,005 TOTAL ASSETS (531) 312,702 - 7,281 • 21,033 LIABILITIES Federal Reserve notes 265,472 - 539 + 28,938 Deposits Depository institutions 20,072 - 903 - 13,739 U.S. Treasury—general account 13,300 - 2,483 • 6,687 Foreign—official accounts 301 • 67 - 7 Other 118844 ^^22 44 - 225 Total deposits 3333,,885588 33,,332222 - 7,284 Deferred availability cash items (530) 4,626 - 3,346 - 918 Other liabilities and accrued dividends4 3,377 - 61 - 476 TOTAL LIABILITIES (531) 307,333 - 7,268 + 20,260 CAPITAL ACCOUNTS Capital paid in 2,479 • 4 • 204 Surplus 2,423 0 • 205 Other capital accounts 467 - 17 • 364 * 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 $ 7,159 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 187 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 $ 44 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 27, 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 Meekly Holdings Holdings changes changes Mithin 15 days 125 0 HHiitthhiinn 1155 ddaayyss 9,319 4,854 304 265 16 days to 90 days 0 0 1166 ddaayyss ttoo 9900 ddaayyss 57,895 743 657 • 82 Over 90 days 0 0 9911 ddaayyss ttoo 11 yyeeaarr 71,166 • 164 1,608 * 45 OOvveerr 11 yyeeaarr ttoo 55 yyeeaarrss 59,549 0 2,548 42 OOvveerr 55 yyeeaarrss ttoo 1100 yyeeaarrss 13,634 • 350 1,037 0 OOvveerr 1100 yyeeaarrss 24,676 0 188 0 Total 125 0 TToottaall 236,238 5,083 6,342 180 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 27, 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 661 52 18 42 52 134 64 42 39 18 42 45 114 Loans 125 44 0 4 0 34 14 4 2 13 5 1 4 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 575 0 575 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright—Bills 113,215 7,606 41,793 3,297 6,782 10,537 3,953 13,808 3,283 1,808 3,695 4,041 12,610 Notes 91,757 6,164 33,872 2,672 5,497 8,540 3,204 11,191 2,661 1,466 2,994 3,275 10,220 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 236,235 15,871 87,206 6,880 14,152 21,987 8,249 28,812 6,850 3,774 7,710 8,432 26,313 Held under repurchase agreements1 3,580 0 3,580 0 0 0 0 0 0 0 0 0 0 Total U.S. govt, securities 239,815 15,871 90,786 6,880 14,152 21,987 8,249 28,812 6,850 3,774 7,710 8,432 26,313 Total loans and securities 246,856 16,340 93,702 7,069 14,532 22,611 8,485 29,589 7,036 3,888 7,922 8,659 27,024 Items in process of collection 5,390 278 579 308 175 403 557 476 179 350 396 654 1,035 Bank premises 884 90 85 45 34 122 58 111 28 33 53 78 147 Other assets3 38,366 1,625 11,142 1,729 2,040 2,439 3,607 4,759 1,006 1,031 1,425 2,735 4,830 Interdistrict settlement account 0 -691 •14,993 -1,530 -1,135 -4,908 +118 -44 -338 -961 -1,022 -123 -4,359 TOTAL ASSETS 313,233 19,154 127,415 8,365 17,031 22,769 13,657 37,647 8,603 4,732 9,573 13,096 31,192 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 $ 7,159 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 187 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 $ 44 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 27, 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 265,472 17,464 105,877 6,459 15,595 20,219 10,209 34,402 7,412 3,719 8,282 10,690 25,145 Deposits Depository institutions 20,072 995 4,124 1,277 776 1,589 2,241 1,735 790 487 661 1,311 4,085 U.S. Treasury—general account ! 13,300 0 13,300 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts i 301 6 193 7 8 9 15 19 4 4 6 11 20 Other 185 1 103 2 2 18 1 48 1 5 2 1 1 Total deposits 33,859 1,002 17,720 1,286 786 1,617 2,258 1,801 795 496 669 1,323 4,106 Deferred credit items 5,156 288 599 308 174 347 582 459 180 329 333 597 961 Other liabilities and accrued dividends1 3,377 177 1,663 82 157 253 100 328 77 44 90 99 307 TOTAL LIABILITIES 307,864 18,930 125,859 8,135 16,712 22,435 13,148 36,990 8,464 4,588 9,375 12,709 30,518 CAPITAL ACCOUNTS Capital paid in 2,479 100 701 103 147 149 246 304 64 69 93 185 319 Surplus 2,423 97 667 115 125 148 246 300 64 69 93 185 315 Other capital accounts 467 27 188 12 46 36 17 53 11 7^ 13^ 17 40 TOTAL LIABILITIES AND CAPITAL > ACCOUNTS 313,233 19,154 127,415 8,365 17,031 22,769 13,657 37,647 8,603 4,732 9,573 13,096 31,192 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 309,954 20,807 114,113 7,996 18,061 25,931 14,695 37,616 9,389 4,536 10,458 13,563 32,789 Less—Held by F.R. Banks 44,482 3,343 8,236 1,537 2,466 5,712 4,486 3,214 1,977 817 2,175 2,873 7,645 F.R. notes, net 265,472 17,464 105,877 6,459 15,595 20,219 10,209 34,402 7,412 3,719 8,282 10,690 25,145 Collateral held against F.R. notes Gold certificate account 11,058 Special drawing rights j certificate account 10,018 Other eligible assets 0 U.S. govt, and agency securities 244,396 Total collateral 265,472 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