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 '•.f^fi^> 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 May 2, 1991 Millions of dollars Averac es o f daily figures RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt Meek ended Change from week ended Hednesday FF..RR.. BBaannkkss,, RReesseerrvvee BBaannkk ccrreeddiitt>> aanndd rreellaatteedd iitteemmss May 1, 1991 Apr 24, 1991 May 2, 1990 May 1, 1991 Reserve Bank credit1 2 286,090 + 1,832 + 13,666 291,795 U.S. government securities Bought outright—system account 241,306 + 855 + 17,311 242,764 Held under repurchase agreements 180 + 180 + 180 1,261 Federal agency obligations Bought outright 6,250 - 52 - 196 6,250 Held under repurchase agreements 22 + 22 + 22 155 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 57 + 16 - 44 70 Seasonal credit 101 + 18 - 80 118 Extended credit 115 + 26 - 592 110 Float 1,044 + 551 + 666 4,458 Other F.R. assets 37,014 + 217 - 3,601 36,608 Gold stock 11,058 0 - 2 11,058 Special drawing rights certificate account 10,018 0 + 1,500 10,018 Treasury currency outstanding 20,617 + 10 + 702 20,617 Total factors supplying reserve funds 327,783 _ 1,842 _ 15,866 333,487 Currency in circulation* 286,407 - 788 + 26,452 287,051 Treasury cash holdings* 652 + 6 + 92 656 Deposits, other than reserve balances, with F.R. Banks Treasury 5,746 + 237 + 1,203 8,826 Foreign 266 • 15 + 36 151 Service-related balances and adjustments3 3,176 + 5 + 832 3,176 Other 267 + 35 - 170 242 Other F.R. liabilities and capital 7,189 + 409 - 2,188 6,749 Total factors, other than reserve balances, absorbing reserve funds 303,703 - 81 + 26,256 306,850 Reserve balances with F.R. Banks4 24,080 + 1,923 - 10,390 26,638 On May 1, 1991, marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 241,447 million, a change of + $ 1,283 million for the week. 1 Net of $ 8,426 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 6,603 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. government securities. 2 Net of $ 6,968 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 6,968 million was with foreign official and international accounts. Includes $ 540 million securities loaned-fully secured U.S. government securities. 3 Consists of required clearing balances of $ 2,911 million and adjustments of $ 265 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 Hednesday Hednesday Hednesday May 1, 1991 Apr 24, 1991 May 2, 1990 ASSETS Gold certificate account 11,058 0 2 Special drawing rights certificate account 10,018 0 1,500 Coin 21 120 Loans 297 81 235 Acceptances 0 0 0 Federal agency obligations Bought outright 6,250 0 196 Held under repurchase agreements1 155 155 155 U.S. government securities Bought outright—Bills 114,795 3,764 13,082 Notes 96,707 0 5,167 Bonds 31,263 0 308 Total bought outright2 242,764 3,764 18,557 Held under repurchase agreements1 1,261 1,261 1,261 Total U.S. government securities 244,025 5,025 19,818 Total loans and securities 250,728 5,261 19,543 Items in process of collection (763) 10,708 5,482 2,535 Bank premises 906 0 111 Other assets3 35,687 310 4,192 TOTAL ASSETS (763) 319,747 10,453 19,614 LIABILITIES Federal Reserve notes 267,732 242 25,971 Deposits Depository institutions 29,861 4,627 3,422 U.S. Treasury—general account 8,826 4,415 596 Foreign—official accounts 151 35 70 Other 242 34 32 Total deposits 39 ,079 + 9,041 2,927 Deferred availability cash items (763) 6 ,186 + 1,360 797 Other liabilities and accrued dividends4 2 ,270 - 86 1,760 TOTAL LIABILITIES (763) 315,267 10,558 20,488 CAPITAL ACCOUNTS Capital paid in 2,513 2 192 Surplus 1,822 62 421 Other capital accounts 145 45 644 * 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 $ 6,968 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 540 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 $ 63 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, MAY 1, 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 Hithin 15 days 214 0 HHiitthhiinn 1155 ddaayyss 1144,,003388 + 3,771 0 134 16 days to 90 days 84 0 1166 ddaayyss ttoo 9900 ddaayyss 5544,,228888 1,482 732 • 45 Over 90 days 0 0 9911 ddaayyss ttoo 11 yyeeaarr 7744,,559999 + 2,134 1,862 + 98 OOvveerr 11 yyeeaarr ttoo 55 yyeeaarrss 6611,,337766 657 2,442 + 24 OOvveerr 55 yyeeaarrss ttoo 1100 yyeeaarrss 1133,,778899 0 1,026 33 OOvveerr 1100 yyeeaarrss 2244,,667766 0 188 0 Total 297 0 TToottaall 224422,,776666 + 3,766 6,251 0 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 MAY 1, 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 11,058 747 3,913 318 692 948 479 1,370 328 171 370 515 1,207 Special drawing rights certif. acct. 10,018 711 3,395 319 645 961 303 1,336 307 172 334 463 1,072 Coin 642 54 24 50 43 119 47 65 37 19 38 33 113 Loans 297 81 4 3 0 45 4 16 32 59 10 5 38 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Federal agency obligations Bought outright 6,250 423 2,463 165 391 494 209 785 166 81 173 245 654 Held under repurchase agreements1 155 0 155 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright—Bills 114,795 7,772 45,241 3,033 7,183 9,080 3,839 14,425 3,040 1,484 3,182 4,504 12,012 Notes 96,707 6,547 38,112 2,555 6,051 7,649 3,234 12,152 2,561 1,250 2.680 3,794 10,119 Bonds 31,263 2,116 12,321 826 1,956 2,473 1,046 3,928 828 404 867 1,227 3,271 Total bought outright2 242,764 16,435 95,673 6,415 15,190 19,203 8,119 30,505 6,429 3,138 6,729 9,525 25,403 Held under repurchase agreements1 1,261 0 1,261 0 0 0 0 0 0 0 0 0 0 Total U.S. govt, securities 244,025 16,435 96,934 6,415 15,190 19,203 8,119 30,505 6,429 3,138 6,729 9,525 25,403 Total loans and securities 250,728 16,940 99,556 6,582 15,581 19,743 8,332 31,306 6,627 3,278 6,912 9,775 26,095 Items in process of collection 11,471 927 2,003 1,174 397 1,090 932 1,066 252 403 495 820 1,911 Bank premises 906 89 95 45 35 122 58 111 28 33 53 90 147 Other assets3 35,687 1,563 10,515 1,575 1,931 2,259 3,266 4,448 931 936 1,298 2,501 4,465 Interdistrict settlement account 0 -2,387 +9,299 -1,225 -1,938 -817 -199 -1,479 -117 -421 +535 -1,100 -151 TOTAL ASSETS 320,510 18,644 128,799 8,839 17,386 24,425 13,218 38,223 8,393 4,591 10,035 13,098 34,859 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 $ 6,968 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 540 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 $ 63 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 MAY 1, 1991 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City Francisco LIABILITIES Federal Reserve notes 267,732 16,259 109,328 6,017 15,430 21,320 9,456 33,995 7,113 3,461 8,589 10,491 26,274 Deposits Depository institutions 29,861 1,624 7,584 1,711 1,294 2,073 2,750 2,731 902 633 817 1,625 6,118 U.S. Treasury—general account 8,826 0 8,826 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 151 6 42 7 8 9 15 19 4 4 6 11 20 Other 242 2 105 1 1 55 1 67 0 4 2 1 3 Total deposits 39,079 1,631 16,557 1,719 1,302 2,137 2,766 2,817 906 641 825 1,637 6,140 Deferred credit items 6,949 373 707 885 209 430 599 539 188 358 392 619 1,650 Other liabilities and accrued dividends1 2,270 168 748 70 153 198 89 314 65 35 72 99 258 TOTAL LIABILITIES 316,031 18,432 127,340 8,692 17,094 24,086 12,911 37,665 8,272 4,495 9,877 12,845 34,321 CAPITAL ACCOUNTS Capital paid in 2,513 101 705 104 148 166 248 306 64 69 96 187 316 Surplus 1,822 97 667 43 125 148 59 251 56 27 62 65 221 Other capital accounts 145 14 87 0_ 19 25 0_ 0_ 0_ 0_ 0_ 0^ J TOTAL LIABILITIES AND CAPITAL ACCOUNTS 320,510 18,644 128,799 8,839 17,386 24,425 13,218 38,223 8,393 4,591 10,035 13,098 34,859 FEDERAL RESERVE AGENTS1 ACCOUNTS F.R. notes outstanding 312,281 19,793 118,820 7,682 17,617 27,083 13,966 37,201 8,998 4,349 10,501 13,151 33,121 Less—Held by F.R. Banks 44,549 3,534 9,492 1,664 2,188 5,763 4,510 3,206 1,885 888 1,912 2,660 6,847 F.R. notes> net 267,732 16,259 109,328 6,017 15,430 21,320 9,456 33,995 7,113 3,461 8,589 10,491 26,274 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 246,656 Total collateral 267,732 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