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 announceoj, ,yyl\e/i « the information is available, on (202) 452-3206. H.4.1 ET Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks May 9, 1991 Millions of dollars Averages of daily figures RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt Neek ended Change froir week ended Nednesday FF..RR.. BBaannkkss>> RReesseerrvvee BBaannkk ccrreeddiitt>> aanndd rreellaatteedd iitteemmss May 8, 1991 May 1, 1991 May 9, 1990 May 8, 1991 Reserve Bank credit1 2 284,878 - 1,194 + 11,739 285,172 U.S. government securities Bought outright—system account 240,929 - 377 + 16,358 240,918 Held under repurchase agreements 0 - 180 0 0 Federal agency obligations Bought outright 6,250 0 - 196 6,250 Held under repurchase agreements 0 - 22 0 0 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 46 - 11 - 21 46 Seasonal credit 138 + 37 - 82 135 Extended credit 123 + 8 - 458 135 Float 639 - 384 + 64 756 Other F.R. assets 36,752 - 264 - 3,925 36,932 Gold stock 11,058 0 - 2 11,058 Special drawing rights certificate account 10,018 0 + 1,500 10,018 Treasury currency outstanding 20,627 + 10 + 697 20,627 Total factors supplying reserve funds 326,580 - 1,185 + 13,934 326,875 Currency in circulation* 287,743 + 1,335 + 26,461 288,417 Treasury cash holdings* 656 + 4 + 84 658 Deposits, other than reserve balances, with F.R. Banks Treasury 5,222 - 524 + 381 4,725 Foreign 250 - 16 + 53 290 Service-related balances and adjustments3 3,162 - 14 + 1,168 3,162 Other 223 - 45 - 21 215 Other F.R. liabilities and capital 6,980 - 209 - 2,579 7,079 Total factors, other than reserve balances, absorbing reserve funds 304,235 + 531 + 25,546 304,545 Reserve balances with F.R. Banks* 22,346 - 1,716 - 11,612 22,330 On May 8, 1991, marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 242,054 million, a change of + $ 607 million for the week. 1 Net of $ 8,803 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 6,791 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. government securities. 2 Net of $ 8,815 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 6,835 million was with foreign official and international accounts. Includes $ 1,002 million securities loaned-fully secured U.S. government securities. 3 Consists of required clearing balances of $ 2,930 million and adjustments of $ 232 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 Wednesday Wednesday Wednesday May 8> 1991 May 1, 1991 May 9, 1990 ASSETS Gold certificate account 11,058 0 2 Special drawing rights certificate account 10,018 0 + 1,500 Coin 644 1 + 127 Loans 316 18 304 Acceptances 0 0 0 Federal agency obligations Bought outright 6,250 0 196 Held under repurchase agreements1 0 155 0 U.S. government securities Bought outright—Bills 112,948 1,847 f 11,332 Notes 96,707 0 + 5,167 Bonds 31,263 0 + 308 Total bought outright2 240,918 1,847 "+ 16,807 Held under repurchase agreements1 0 1,261 0 Total U.S. government securities 240,918 3,108 + 16,807 Total loans and securities 247,484 3,244 + 16,308 Items in process of collection (485) 5,543 5,165 624 Bank premises 905 1 + 109 Other assets3 36,019 332 4,226 TOTAL ASSETS (485) 311,670 8,076 + 13,193 LIABILITIES Federal Reserve notes 269,091 1,359 25,942 Deposits Depository institutions 25,322 4,539 8,965 U.S. Treasury—general account 4,725 4,101 1,447 Foreign—official accounts 290 139 104 Other 215 27 17 Total deposits 30 ,551 8,528 - 10,325 Deferred availability cash items (485) 4 ,949 1,238 - 388 Other liabilities and accrued dividends4 2 ,266 3 - 1,774 TOTAL LIABILITIES (485) 306,857 8,410 13,454 CAPITAL ACCOUNTS Capital paid in 2,522 9 193 Surplus 1,984 162 259 Other capital accounts 307 162 196 * 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 $ 8,815 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 1,002 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 $ 68 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 8, 1991 Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with miaximum maturity of the agreements. •vlillions of dollars U.S. gove r nmen t Federal agency securities obligations LLooaannss AAcccceeppttaanncceess Weekly Weekly Holdings Holdings changes changes Hithin 15 days 227 0 WWiitthhiinn 1155 ddaayyss 1144,,338866 ++ 334499 00 0 16 days to 90 days 89 0 1166 ddaayyss ttoo 9900 ddaayyss 5555,,335577 ++ 11,,006699 884422 + 110 Over 90 days 0 0 9911 ddaayyss ttoo 11 yyeeaarr 7711,,333344 33,,226655 11,,775522 110 OOvveerr 11 yyeeaarr ttoo 55 yyeeaarrss 6611,,337766 00 22,,444422 0 OOvveerr 55 yyeeaarrss ttoo 1100 yyeeaarrss 1133,,778899 00 11,,002266 0 OOvveerr 1100 yyeeaarrss 2244,,667766 00 118888 0 Total 316 0 TToottaall 224400,,991188 11,,884488 66,,225500 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 8, 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 11,058 747 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 644 53 24 51 42 118 49 68 38 19 38 32 112 Loans 316 29 0 3 3 116 6 11 40 62 12 5 30 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 0 0 0 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright—Bills 112,948 7,647 44,513 2,984 7,067 8,934 3,777 14,193 2,991 1,460 3,131 4,432 11,819 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 240,918 16,310 94,946 6,366 15,074 19,057 8,057 30,273 6,380 3,115 6,678 9,453 25,210 Held under repurchase agreements1 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt, securities 240,918 16,310 94,946 6,366 15,074 19,057 8,057 30,273 6,380 3,115 6,678 9,453 25,210 Total loans and securities 247,484 16,762 97,409 6,534 15,468 19,667 8,272 31,069 6,586 3,257 6,863 9,702 25,894 Items in process of collection 6,028 373 733 442 191 456 650 540 168 304 387 562 1,221 Bank premises 905 89 94 45 34 122 58 111 28 33 53 90 147 Other assets3 36,019 1,581 10,597 1,588 1,996 2,279 3,279 4,493 943 940 1,309 2,519 4,494 Interdistrict settlement account 0 -2,051 +6,849 -1,476 -1,609 + 182 -92 -949 -128 -343 +656 -1,184 + 144 TOTAL ASSETS 312,155 18,266 123,014 7,820 17,460 24,733 12,999 38,038 8,270 4,554 10,010 12,700 34,292 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 $ 8,815 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 1,002 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 $ 68 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 8, 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 269,091 16,313 109,945 6,082 15,530 21,442 9,402 34,088 7,153 3,505 8,690 10,523 26,416 Deposits Depository institutions 25,322 1,183 5,076 1,127 1,280 2,281 2,616 2,485 751 588 720 1,308 5,906 U.S. Treasury—general account 4,725 0 4,725 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 290 6 181 7 8 9 15 19 4 4 6 11 20 Other 215 1 81 1 1 51 1 70 0 5 2 0 2 Total deposits 30,551 1,191 10,063 1,134 1,289 2,341 2,632 2,574 756 597 728 1,320 5,927 Deferred credit items 5,433 365 670 376 174 401 553 458 166 317 352 489 1,114 Other liabilities and accrued dividends1 2,266 164 768 70 150 197 89 310 64 33 71 98 251 TOTAL LIABILITIES 307,342 18,033 121,446 7,663 17,143 24,382 12,676 37,430 8,138 4,453 9,841 12,430 33,709 CAPITAL ACCOUNTS Capital paid in 2,522 104 710 104 149 166 249 307 64 69 96 188 317 Surplus 1,984 97 667 54 125 148 74 300 64 33 74 82 266 Other capital accounts 307 32 192 0 42 37 0_ 1_ 3_ 0_ 0_ 0_ 0 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 312,155 18,266 123,014 7,820 17,460 24,733 12,999 38,038 8,270 4,554 10,010 12,700 34,292 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 313,136 19,771 119,532 7,643 17,641 27,193 13,957 37,265 9,020 4,353 10,495 13,083 33,182 Less—Held by F.R. Banks 44,045 3,458 9,587 1,561 2,111 5,751 4,555 3,177 1,867 848 1,805 2,560 6,766 F.R. notes> net 269,091 16,313 109,945 6,082 15,530 21,442 9,402 34,088 7,153 3,505 8,690 10,523 26,416 Collateral held against F.R. notes Gold certificate account 11,058 Special drawing rights certificate account 10,018 Other eligible assets 847 U.S. govt, and agency securities 247,168 Total collateral 269,091 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