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. H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks March 14, 1991 Millions of dollars Averages of daily figures RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt Heek ended Change from week ended Wednesday FF..RR.. BBaannkkss>> RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss Mar 13, 1991 Mar 6, 1991 Mar 14, 1990 Mar 13, 1991 Reserve Bank credit1 2 285,085 - 1,798 + 16,700 283,647 U.S. government securities Bought outright—system account 238,476 + 411 + 19,278 237,572 Held under repurchase agreements 1,319 - 1,567 + 1,319 0 Federal agency obligations Bought outright 6,342 0 - 183 6,342 Held under repurchase agreements 36 - 309 + 36 0 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 65 - 341 + 55 22 Seasonal credit 45 + 7 - 20 53 Extended credit 38 - 2 - 2,018 46 Float 341 - 247 - 376 996 Other F.R. assets 38,423 + 250 - 1,392 38,616 Gold stock 11,058 0 - 1 11,058 Special drawing rights certificate account 10,018 0 + 1,500 10,018 Treasury currency outstanding 20,504 + 10 + 715 20,504 Total factors supplying reserve funds 326,665 ~ 1,788 _ 18,913 325,228 Currency in circulation* 286,915 + 1,388 + 29,971 287,225 Treasury cash holdings* 609 + 4 + 91 618 Deposits, other than reserve balances, with F.R. Banks Treasury 5,869 - 3,323 + 941 4,827 Foreign 247 + 15 + 60 228 Service-related balances and adjustments3 2,890 + 35 + 774 2,890 Other 212 - 3 - 54 197 Other F.R. liabilities and capital 8,242 + 195 - 763 8,331 Total factors, other than reserve balances, absorbing reserve funds 304,984 - 1,690 + 31,020 304,316 Reserve balances with F.R. Banks4 21,681 - 99 - 12,107 20,911 On March 13, 1991, marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 251,125 million, a change of - $ 3,182 million for the week. 1 Net of $ 6,279 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 6,279 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. government securities. 2 Net of $ 7,721 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 7,721 million was with foreign official and international accounts. Includes $ 49 million securities loaned-fully secured U.S. government securities. 3 Consists of required clearing balances of $ 2,604 million and adjustments of $ 286 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 MHIions of dollars Change s inccj ** WWeeddnneessddaayy Wednesday Wednesday Mar 13, 1991 ! Mar 6, 1991 Mar 14, 19< ASSETS I Gold certificate account 11,058 0 ! - i Special drawing rights certificate account 10,018 0 + 1,50C Coin 663 + 1 1 + 9i - - Loans 122 2,284 1,847 Acceptances 0 0 G Federal agency obligations Bought outright 6,342 0 - 183 Held under repurchase agreements1 0 - 1,151 0 U.S. government securities Bought outright—Bills 113,102 - 428 + 16,828 Notes 93,207 + 900 + 1,767 Bonds 31,263 0 + 308 Total bought outright2 237,572 + 472 + 18,903 Held under repurchase agreements1 00 - 5,437 0 Total U.S. government securities 223377,,557722 - 4,965 ++ 18,903 Total loans and securities 244,035 - 8,400 + 16,873 _ _ Items in process of collection (496) 5,674 400 1,307 Bank premises 890 + 6 + 97 Other assets3 37,842 + 156 - 1,027 TOTAL ASSETS (496) 310,180 - 8,637 + 16,226 LIABILITIES Federal Reserve notes 268,002 + 752 + 29,398 Deposits Depository institutions 23,831 - 7,412 ! 12,210 U.S. Treasury—general account 4,827 - 1,419 + 81 Foreign—official accounts 228 - 23 + 49 Other 119977 - 25 59 Total deposits 2299,,008833 - 8,879 —— 12,139 Deferred availability cash items (496) 4,764 - 858 - 689 Other liabilities and accrued dividends* 33,,002277 3366 - 688 TOTAL LIABILITIES ((449966)) 330044,,887766 ~~ 99,,002222 + 15,881 CAPITAL ACCOUNTS Capital paid in 2,485 + 5 + 198 Surplus 2,349 + 38 + 107 Other capital accounts 469 + 342 + 40 * 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 $ 7,721 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 49 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 $ 38 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 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. government Federal agency securities obligations LLooaannss AAcccceeppttaanncceess Weekly Weekly Holdings Holdings changes changes Within 15 days 87 0 WWiitthhiinn 1155 ddaayyss 1100,,229988 ++ 22,,005522 75 + 7' 16 days to 90 days 35 0 1166 ddaayyss ttoo 9900 ddaayyss 6600,,227700 ++ 441133 884 2 Over 90 days 0 0 9911 ddaayyss ttoo 11 yyeeaarr 6677,,660077 22,,779999 1,729 + 7< OOvveerr 11 yyeeaarr ttoo 55 yyeeaarrss 6611,,003377 ++ 880000 2,428 121 OOvveerr 55 yyeeaarrss ttoo 1100 yyeeaarrss 1133,,668844 00 1,037 ( OOvveerr 1100 yyeeaarrss 2244,,667766 00 188 ( Total 122 0 TToottaall 223377,,557722 ++ 446677 6,342 3 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 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 663 54 20 45 51 131 62 43 38 19 41 45 115 Loans 122 29 5 2 0 31 3 9 3 22 12 2 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 0 0 0 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright—Bills 113,102 7,598 41,752 3,294 6,776 10,527 3,950 13,794 3,279 1,807 3,691 4,037 12,598 Notes 93,207 6,262 34,407 2,714 5,584 8,675 3,255 11,368 2,703 1,489 3,042 3,327 10,382 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 237,572 15,960 87,700 6,919 14,232 22,112 8,296 28,975 6,889 3,795 7,753 8,479 26,462 Held under repurchase agreements1 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt, securities 237,572 15,960 87,700 6,919 14,232 22,112 8,296 28,975 6,889 3,795 7,753 8,479 26,462 Total loans and securities 244,035 16,415 90,046 7,106 14,612 22,733 8,521 29,758 7,076 3,919 7,972 8,707 27,170 Items in process of collection 6,170 347 848 441 215 388 692 696 202 321 411 549 1,059 Bank premises 890 90 91 45 34 122 58 111 28 33 53 78 148 Other assets3 37,842 1,626 10,875 1,709 2,029 2,433 3,551 4,689 998 1,038 1,413 2,687 4,794 Interdistrict settlement account g_ -566 +10,866 -1,776 -767 -4,002 +381 + 734 -375 -972 -634 -312 -2,576 TOTAL ASSETS 310,676 19,428 119,642 8,272 17,506 23,774 14,033 38,743 8,621 4,732 10,013 12,802 33,111 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 $ 7,721 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 49 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 $ 38 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 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 ! 268,002 ! 17,400 107,499 6,537 15,707 20,595 10,037 34,649 7,392 3,639 8,535 10,681 25,330 Deposits Depository institutions 23,831 1,308 3,538 1,108 1,150 2,134 2,840 2,574 843 583 823 1,156 5,773 U.S. Treasury—general account 4,827 0 4,827 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 228 6 119 7 8 9 15 19 4 4 6 11 20 Other 197 1 78 1 1 61 1 41 0 5 2 5 2 Total deposits 29,083 1,315 8,563 1,116 1,159 2,205 2,857 2,634 847 592 830 1,172 5,795 Deferred credit items 5,260 317 651 313 179 400 565 486 167 318 358 482 1,023 Other liabilities and accrued dividends1 3,027 172 1,380 83 151 238 96 314 74 42 86 95 295 TOTAL LIABILITIES 305,372 19,204 118,093 8,049 17,196 23,437 13,554 38,083 8,480 4,592 9,810 12,430 32,443 CAPITAL ACCOUNTS Capital paid in 2,485 100 704 104 147 150 247 305 64 69 95 185 316 Surplus 2,349 97 667 115 125 148 201 300 64 69 93 156 315 Other capital accounts 469 26 178 4_ 37 39 31 55 13 Z_ 15 31 37 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 310,676 19,428 119,642 8,272 17,506 23,774 14,033 38,743 8,621 4,732 10,013 12,802 33,111 FEDERAL RESERVE AGENTS1 ACCOUNTS F.R. notes outstanding 310,328 20,733 114,938 7,913 17,972 26,279 14,237 37,774 9,358 4,511 10,542 13,386 32,686 Less—Held by F.R. Banks 42,326 3,333 7,439 1,377 2,265 5,684 4,201 3,125 1,966 871 2,006 2,705 7,355 F.R. notes> net 268,002 17,400 107,499 6,537 15,707 20,595 10,037 34,649 7,392 3,639 8,535 10,681 25,330 Collateral held against F.R. notes Gold certificate account 11,058 Special drawing rights certificate account 10,018 Other eligible assets 3,013 U.S. govt, and agency securities 243,913 Total collateral 268,002 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