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) 452-3205. H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks March 21, 1991 Millions of dollars Averages o f daily fig ures Reserve balances of depository institutions at WWeeeekk eennddeedd Change from week ended Wednesday F.R. Banks> Reserve Bank credit, and related items MMaarr 2200,, 11999911 Mar 13, 1991 Mar 21, 1990 Mar 20, 1991 Reserve Bank credit1 2 285,172 + 92 + 16,537 294,079 U.S. government securities Bought outright—system account 237,476 - 1,000 + 18,499 237,816 Held under repurchase agreements 2,039 + 720 + 1,707 9,857 Federal agency obligations Bought outright 6,342 0 - 183 6,342 Held under repurchase agreements 109 + 73 - 35 592 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 109 + 44 - 99 183 Seasonal credit 56 + 11 - 30 66 Extended credit 56 + 18 - 1,877 65 Float 300 - 36 - 240 -168 Other F.R. assets 38,685 + 262 - 1,206 39,326 Gold stock 11,058 0 - 1 11,058 Special drawing rights certificate account 10,018 0 • 1,500 10,018 Treasury currency outstanding 20,514 + 10 + 708 20,514 Total factors supplying reserve funds 326,762 + 102 _ _1 8,745 33F,669 Currency in circulation* 286,712 - 203 + 29,579 286,480 Treasury cash holdings* 619 + 9 + 94 621 Deposits, other than reserve balances, with F.R. Banks Treasury 4,801 - 1,068 - 200 5,243 Foreign 250 + 3 + 29 197 Service-related balances and adjustments3 2,861 - 29 + 1,041 2,861 Other 256 + 44 - 136 195 Other F.R. liabilities and capital 8,501 + 260 - 679 8,506 Total factors, other than reserve balances, absorbing reserve funds 303,999 - 985 + 29,728 304,104 Reserve balances with F.R. Banks4 22,763 + 1,087 - 10,983 31,565 On March 20, 1991, marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 250,771 million, a change of - $ 354 million for the week. 1 Net of $ 8.102 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 8,102 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. government securities. 2 Net of $ 8,408 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 8,408 million was with foreign official and international accounts. Includes $ 216 million securities loaned-fully secured U.S. government securities. 3 Consists of required clearing balances of $ 2,606 million and adjustments of $ 255 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 ** HHeeddnneessddaayy Wednesday Hednesday Mar 20, 1991 Mar 13, 1991 Mar 21, 1990 ASSETS Gold certificate account 11,058 0 - 1 Special drawing rights certificate account 10,018 0 + 1,500 Coin 663 0 + 88 ~ Loans 314 + 192 2,897 Acceptances 0 0 " 0 Federal agency obligations Bought outright 6,342 0 - 183 Held under repurchase agreements1 592 + 592 - 417 U.S. government securities Bought outright—Bills 112,447 - 655 • 16,393 Notes 94,107 + 900 + 2,667 Bonds 3311,,226633 __ 00 + 308 Total bought outright2 223377,,881166 224455 + 19,368 Held under repurchase agreements* 9,857 • 9,857 • 7,533 Total U.S. government securities 247,673 + 10,102 + 26,901 Total loans and securities 254,921 + 10,886 + 23,404 - _ Items in process of collection (542 ) 5,075 598 1,188 Bank premises 896 + 6 • 102 Other assets3 3388,,553333 ++ 669900 - 748 TOTAL ASSETS ((554422)) 332211,,116633 ++ 1100,,998822 + 23,157 LIABILITIES Federal Reserve notes 267,250 - 752 + 28,822 Deposits Depository institutions 34,913 + 11,082 - 3,939 U.S. Treasury—general account 5,243 + 416 - 572 Foreign--official accounts 197 - 31 + 1 Other 119955 22 - 97 Total deposits 4400,,554488 •• 1111,,446655 - 4,608 Deferred availability cash items (542) 4,858 + 94 - 575 Other liabilities and accrued dividends4 3,177 + 150 823 TOTAL LIABILITIES ((554422 )) 315,833 + 10,957 ++ 22,816 CAPITAL ACCOUNTS Capital paid in 2,486 0 + 191 Surplus 2,378 • 29 + 136 Other capital accounts 465 - 4 + 15 * 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 $ 8,408 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 216 million secunties loaned-fully secured by U.S. government secunties. 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 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 Meekly Meekly Holdings Holdings changes changes Hithin 15 days 308 0 WWiitthhiinn 1155 ddaayyss 2200,,556622 + 10,265 862 + 787 16 days to 90 days 6 0 1166 ddaayyss ttoo 9900 ddaayyss 5566,,669999 3,571 689 195 Over 90 days 0 0 9911 ddaayyss ttoo 11 yyeeaarr 7700,,551166 + 2,909 1,729 0 OOvveerr 11 yyeeaarr ttoo 55 yyeeaarrss 6611,,553377 + 500 2,428 0 OOvveerr 55 yyeeaarrss ttoo 1100 yyeeaarrss 1133,,668844 0 1,037 0 OOvveerr 1100 yyeeaarrss 2244,,667766 0 188 0 Total 314 0 TToottaall 224477,,667733 + 10,102 6,934 + 592 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 20, 1991 Millions of dollars " ~~ r Kansas San Total Boston i | New York Philadelphia j Cleveland 1 ! 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. acet, 10,018 711 3,395 319 645 961 303 1,336 307 172 334 463 1,072 Coin 663 56 21 46 51 129 62 42 36 18 41 43 115 Loans 314 44 0 40 0 41 14 24 11 27 19 0 92 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 592 0 592 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright--Bills 112,447 7,554 41,510 3,275 6,736 10,466 3,927 13,714 3,260 1,796 3,670 4,013 12,525 Notes 94,107 6,322 34,739 2,741 5,638 8,759 3,286 11,477 2,729 1,503 3,071 3,359 10,482 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 237,816 15,977 87,790 6,926 14,247 22,134 8,305 29,005 6,896 3,799 7,761 8,488 26,489 Held under repurchase agreements1 9,857 l_ 0 9,857 0 0 0 0 0 0 0 0 0 0 Total U.S. govt, securities 247,673 15,977 97,647 6,926 14,247 22,134 8,305 29,005 6,896 3,799 7,761 8,488 26,489 Total loans and securities 254,921 16,447 100,580 7,151 14,627 22,766 8,540 29,802 7,090 3,927 7,987 8,715 27,288 Items in process of collection 5,617 282 693 328 224 451 597 544 187 322 369 502 1,116 Bank premises 896 89 91 45 34 122 58 111 28 33 54 83 148 Other assets3 38,533 1,636 11,404 1,714 2,038 2,452 3,553 4,735 1,062 1,020 1,416 2,691 4,811 Interdistrict settlement account 0 -472 +6,296 -1,603 -384 -3,425 + 991 +1,022 -383 -753 -465 + 940 -1,765 TOTAL ASSETS 321,705 19,500 125,981 8,384 17,923 24,465 14,571 38,970 8,674 4,943 10,158 14,021 34,114 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 $ 8,408 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 216 million securities loaned-fuily 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 20, 1PJ1 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 267,250 17,249 107,558 6,531 15,585 20,823 9,665 34,562 7,314 3,636 8,491 10,637 25,200 Deposits Depository institutions 34,913 1,542 9,275 1,210 1,658 2,639 3,668 2,869 970 781 1,036 2,364 6,901 U.S. Treasury—general account 5,243 0 5,243 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 197 6 88 7 8 9 15 19 4 4 6 11 20 Other 195 1 98 1 2 43 1 40 1 5 1 1 2 Total deposits 40,548 1,549 14,704 1,218 1,668 2,691 3,684 2,928 974 790 1,044 2,376 6,923 Deferred credit items 5,400 303 669 333 200 373 632 506 173 331 333 530 1,018 Other liabilities and accrued dividends1 3,177 174 1,507 81 155 245 99 323 75 44 88 95 292 TOTAL LIABILITIES 316,375 19,275 124,438 8,163 17,607 24,132 14,079 38,318 8,535 4,800 9,956 13,638 33,433 CAPITAL ACCOUNTS Capital paid in 2,486 100 704 104 147 150 247 305 64 69 96 185 315 Surplus 2,378 97 667 115 125 148 201 300 64 69 93 185 315 Other capital accounts 465 28 173 2^ 43 35 43 47 11 6 14 13^ 50 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 321,705 19,500 125,981 8,384 17,923 24,465 14,571 38,970 8,674 4,943 10,158 14,021 34,114 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 310,631 20,691 115,582 7,876 17,967 26,554 14,034 37,672 9,312 4,495 10,533 13,337 32,579 Less--Held by F.R. Banks 43,381 3,442 8,024 1,345 2,382 5,731 4,369 3,110 1,998 859 2,042 2,700 7,379 F.R. notes, net 267,250 17,249 107,558 6,531 15,585 20,823 9,665 34,562 7,314 3,636 8,491 10,637 25,200 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 246,174 Total collateral 267,250 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