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. H4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks March 7, 1991 Millions of dollars Averac >es of daily fig ures Reserve balances of depository institutions at Heek ended Change from week ended Wednesday F.R. Banks> Reserve Bank credit> and related items Mar 6, 1991 Feb 27, 1991 Mar 7, 1990 Mar 6, 1991 Reserve Bank credit1 2 286,899 - 942 + 18,251 291,508 U.S. government securities Bought outright—system account 238,066 + 2,283 + 17,600 237,100 Held under repurchase agreements 2,886 - 2,716 + 2,272 5,437 Federal agency obligations Bought outright 6,342 0 - 183 6,342 Held under repurchase agreements 345 - 330 + 281 1,151 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 405 + 140 + 349 2,343 Seasonal credit 38 - 5 - 21 36 Extended credit 40 - 20 - 1,904 27 Float 612 + 449 + 159 576 Other F.R. assets 38,165 - 744 - 303 38,497 Gold stock 11,058 0 - 1 11,058 Special drawing rights certificate account 10,018 0 + 1,500 10,018 Treasury currency outstanding 20,494 • 10 + 721 20,494 Total factors supplying reserve funds 328,470 - 932 _ 20,471 333,078 Currency in circulation* 285,528 + 993 + 29,875 286,475 Treasury cash holdings* 606 + 36 + 92 608 Deposits, other than reserve balances, with F.R. Banks Treasury 9,192 - 4,153 + 2,999 6,247 Foreign 232 - 3 •f 21 251 Service-related balances and adjustments3 2,855 + 4 + 334 2,855 Other 215 + 27 - 108 222 Other F.R. liabilities and capital 8,047 - 970 - 713 7,982 Total factors, other than reserve balances, absorbing reserve funds 306,674 - 4,066 + 32,500 304,638 Reserve balances with F.R. Banks4 21,796 + 3,134 - 12,029 28,440 On March 6, 1991, marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 254,307 million, a change of - $ 1,694 million for the week. 1 Net of $ 5,790 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 5,790 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. government securities. 2 Net of $ 7,132 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 7,132 million was with foreign official and international accounts. Includes $ 23 million securities loaned-fully secured U.S. government securities. 3 Consists of required clearing balances of $ 2,434 million and adjustments of $ 420 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 ** Mar 6, 1991 Feb 27, 1991 Mar 7, 1990 ASSETS Gold certificate account 11,058 0 - 1 Special drawing rights certificate account 10,018 0 • 1,500 Coin 662 • 2 • 90 Loans 2,406 • 2,281 4 618 Acceptances 0 o 0 Federal agency obligations Bought outright 6,342 0 - 183 Held under repurchase agreements1 1,151 • 576 ! 4 703 U.S. government securities Bought outright—Bills 113,530 • 315 ! 4 16,654 Notes 92,307 • 550 4 867 Bonds 31,263 0 4 308 Total bought outright2 237,100 + 865 4 17,829 Held under repurchase agreements1 5,437 4 1,857 4 1,134 Total U.S. government securities 242,537 • 2,722 4 18,963 Total loans and securities 252,435 • 5,579 4 20,102 - Items in process of collection (605) 6,074 4- 1,214 1,390 Bank premises 884 0 4 93 Other assets3 37,686 - 680 - 252 TOTAL ASSETS (605) 318,817 + 6,115 4 20,142 LIABILITIES Federal Reserve notes 267,251 • 1,778 4 29,611 Deposits Depository institutions 31,243 • 11,171 - 8,642 U.S. Treasury—general account 6,247 - 7,053 4 502 Foreign—official accounts 251 - 51 4 31 Other 222222 ++ 3377 - 67 Total deposits 3377,,996633 ii ++ 44,,110055 - 8,176 Deferred availability cash items | (605) 5,622 • 997 - 388 Other liabilities and accrued dividends4 11 33,,006633 331144 - 924 TOTAL LIABILITIES ((660055)) 331133,,889988 TT~~ 66,,556655 4 20,122 CAPITAL ACCOUNTS Capital paid in 2,480 ! • 1 4 200 Surplus 2,311 - 112 4 68 Other capital accounts 1 127 - 340 - 249 * 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 $ 7,132 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 23 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 $ 54 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, MARCH 6, 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 Heekly Heekly Holdings Holdings changes changes Hithin 15 days 2,382 0 HHiitthhiinn 1155 ddaayyss 88,,224455 1,074 1 302 16 days to 90 days 24 0 1166 ddaayyss ttoo 9900 ddaayyss 5599,,885577 + 1,963 913 • 256 Over 90 days 0 0 9911 ddaayyss ttoo 11 yyeeaarr 7700,,440066 759 1,655 + 47 OOvveerr 11 yyeeaarr ttoo 55 yyeeaarrss 6600,,223377 • 688 2,548 0 OOvveerr 55 yyeeaarrss ttoo 1100 yyeeaarrss 1133,,668844 + 50 1,037 0 OOvveerr 1100 yyeeaarrss 2244,,667766 0 188 0 Total 2,406 0 TToottaall 223377,,110055 • 867 6,343 + 1 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 MARCH 6, 1991 Millions of dollars Total Boston Hew York Philadelphia Cleveland Richmond Atlanta Chicago —• St Lo — u — is -— ~— M inn : e — a • p —!— o * lis Kansas Dallas San 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 662 53 19 43 52 130 64 42 38 18 41 46 116 Loans 2,406 25 2,257 0 0 12 13 9 3 14 67 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 1,151 0 1,151 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright--Bills 113,530 7,627 41,910 3,306 6,801 10,567 3,965 13,846 3,292 1,814 3,705 4,052 12,646 Notes 92,307 6,201 34,075 2,688 5,530 8,591 3,223 11,258 2,677 1,475 3,012 3,295 10,282 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 237,100 15,929 87,525 6,905 14,204 22,068 8,280 28,917 6,875 3,787 7,738 8,463 26,409 Held under repurchase agreementsl 5,437 0 5,437 0 0 0 0 0 0 0 0 0 0 Total U.S. govt, securities i 242,537 15,929 92,962 6,905 14,204 22,068 8,280 28,917 6,875 3,787 7,738 8,463 26,409 Total loans and securities 252,435 16,380 98,712 7,090 14,584 22,670 8,514 29,700 7,062 3,903 8,012 8,690 27,119 Items in process of collection 6,679 515 662 376 203 480 722 635 206 456 495 768 1,361 Bank premises 884 90 85 45 34 122 58 111 28 33 53 78 147 Other assets3 37,686 1,601 11,032 1,693 2,003 2,397 3,522 4,641 985 1,011 1,397 2,665 4,737 Interdistrict settlement account 0 +141 +6,335 -1,331 -497 -3,198 •875 +870 -140 -714 -495 +304 -2,151 TOTAL ASSETS 319,423"" 20,041 123,741 8,619 17,712 24,570 14,524 38,712 8,832 5,081 10,260 13,599 33,732 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 $ 7f132 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 23 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 $ 54 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 MARCH 6, 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 267,251 17,477 106,867 6,509 15,624 20,293 10,250 34,542 7,445 3,647 8,444 10,690 25,464 Deposits Depository institutions 31,243 1,838 6,977 1,552 1,446 3,205 3,050 2,620 996 775 1,056 1,691 6,036 U.S.. Treasury—general account 6,247 0 6,247 0 0 0 0 0 0 0 0 0 u Foreign—official accounts 251 6 142 7 8 9 15 19 4 4 6 11 20 Other 222 1 81 1 1 66 1 57 0 4 3 1 5 Total deposits 37,963 1,845 13,447 1,561 1,455 3,280 3,067 2,696 1,000 784 1,064 1,704 6,060 Deferred credit items 6,228 345 644 257 193 444 649 526 183 473 475 756 1,282 Other liabilities and accrued dividends1 3,063 176 1,395 83 155 247 96 320 75 44 88 96 289 TOTAL LIABILITIES 314,504 19,842 122,353 8,410 17,427 24,264 14,063 38,085 8,703 4,948 10,071 13,245 33,094 CAPITAL ACCOUNTS Capital paid in 2,480 100 701 103 147 150 247 304 64 69 95 185 315 Surplus 2,311 97 667 98 125 148 201 300 64 59 81 156 315 Other capital accounts 127 2^ 20^ 8^ 12 8 13 23_ 2_ 6_ 13 14 7 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 319,423 20,041 123,741 8,619 17,712 24,570 14,524 38,712 8,832 5,081 10,260 13,599 33,732 FEDERAL RESERVE AGENTS* ACCOUNTS F.R. notes outstanding 309,831 20,778 114,329 7,947 17,997 25,857 14,459 37,753 9,371 4,524 10,500 13,480 32,836 Less—Held by F.R. Banks 42,580 3,302 7,462 1,438 2,373 5,564 4,209 3,211 1,926 877 2,056 2,790 7,373 F.R. notes* net 267,251 17,477 106,867 6,509 15,624 20,293 10,250 34,542 7,445 3,647 8,444 10,690 25,464 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 246,175 Total collateral 267,251 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