H.4.1 Factors Affecting Reserve Balances of Depository Institutions

%ato& FEDERAL RESERVE These data are scheduled for release each Thursday. The exact time of each release will be announced, when •f*5«S£ 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 16, 1991 Millions of dollars Averages of daily fig ures RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt Week ended Change from week ended Wednesday FF..RR.. BBaannkkss,, RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss May 15, 1991 May 8, 1991 May L6, 1990 May 15, 1991 Reserve Bank credit1 2 287,194 + 2,318 + 13,097 288,726 U.S. government securities Bought outright—system account 242,872 + 1,943 + 18,515 241,778 Held under repurchase agreements 663 + 663 - 157 4,638 Federal agency obligations Bought outright 6,250 0 - 196 6,250 Held under repurchase agreements 28 + 28 - 663 196 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 52 + 6 - 46 228 Seasonal credit 137 - 1 - 84 140 Extended credit 132 + 9 - 631 58 Float 314 - 326 - 287 406 Other F.R. assets 36,746 - 4 - 3,353 35,032 Gold stock 11,058 0 - 3 11,058 Special drawing rights certificate account 10,018 0 + 1,500 10,018 Treasury currency outstanding 20,637 + 10 + 692 20,637 Total factors supplying reserve funds 328,906 _ 2,328 + 15,286 330,439 Currency in circulation* 288,660 + 917 + 26,440 288,799 Treasury cash holdings* 658 + 2 + 88 658 Deposits, other than reserve balances, with F.R. Banks Treasury 4,931 - 291 - 106 3,835 Foreign 206 - 44 - 14 222 Service-related balances and adjustments3 3,232 + 74 + 1,213 3,232 Other 216 - 7 - 48 240 Other F.R. liabilities and capital 7,462 483 - 2,035 7,302 Total factors, other than reserve balances, absorbing reserve funds 305,365 + 1,134 + 25,538 304,288 Reserve balances with F.R. Banks* 23,541 + 1,193 - 10,252 26,150 On May 15, 1991, marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 245,279 million, a change of + $ 3,225 million for the week. 1 Net of S 6,902 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 6,356 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. government securities. 2 Net of $ 8,244 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 8,244 million was with foreign official and international accounts. Includes $ 632 million securities loaned-fully secured U.S. government securities. 3 Consists of required clearing balances of $ 2,926 million and adjustments of $ 306 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 15, 1991 May 8, 1991 May 16, 1990 ASSETS Gold certificate account 11,058 0 5 Special drawing rights certificate account 10,018 0 1,500 Coin 629 15 120 Loans 426 110 557 Acceptances 0 0 0 Federal agency obligations Bought outright 6,250 0 196 Held under repurchase agreements1 196 196 1,881 U.S. government securities Bought outright—Bills 113,808 860 12,430 Notes 96,507 200 4,775 Bonds 31,463 200 700 Total bought outright2 241,778 860 17,905 Held under repurchase agreements1 4,638 4,638 1,625 Total U.S. government securities 246,416 5,498 19,530 Total loans and securities 253,288 5,804 16,896 Items in process of collection (510) 5,771 228 1,432 bank premises 915 10 118 Other assets3 33,873 2,146 4,242 TOTAL ASSETS (510) 315,551 3,881 12,957 LIABILITIES Federal Reserve notes 269,449 358 25,739 Deposits Depository institutions 29,338 4,016 9,819 U.S. Treasury—general account 3,835 890 17 Foreign—official accounts 222 68 7 Other 240 25 78 Total deposits 33 ,634 3,083 9,872 Deferred availability cash items (510) 5 ,165 216 1,009 Other liabilities and accrued dividends* 2 ,327 60 1,856 TOTAL LIABILITIES (510) 310,575 3,718 13,002 CAPITAL ACCOUNTS Capital paid in 2,544 22 212 Surplus 2,076 92 167 Other capital accounts 356 49 90 * 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 Uet of $ 8,244 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 632 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 $ 60 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 15, 1991 Acceptances and securitie held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreement . Millions of dollars U.S. gove rnmen t Federal agency securities obligations LLooaannss AAcccceeppttaanncceess Weekly Weekly Holdings Holdings changes changes Within 15 days 333 0 WWiitthhiinn 1155 ddaayyss 1111,,771166 2,671 227788 + 278 16 days to 90 days 93 0 1166 ddaayyss ttoo 9900 ddaayyss 5577,,116633 + 1,807 882200 22 Over 90 days 0 0 9911 ddaayyss ttoo 11 yyeeaarr 7788,,224488 + 6,914 11,,669922 60 OOvveerr 11 yyeeaarr ttoo 55 yyeeaarrss 6611,,998899 + 613 22,,444422 0 OOvvee>>-- 55 yyeeaarrss ttoo 1100 yyeeaarrss 1122,,558844 1,205 11,,002266 0 OOvvee rr 1100 yyeeaarrss 2244,,771166 + 40 118888 0 Total 426 0 TToottaall 224466,,441166 + 5,498 66,,444466 + 196 Components may not add ^ totals due to roun.iing. 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 15 ,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 629 52 23 51 41 117 48 66 38 18 38 29 108 Loans 426 33 202 40 3 5 5 11 31 65 14 6 10 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 196 0 196 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright—Bills 113,808 7,705 44,852 3,007 7,121 9,002 3,806 14,301 3,014 1,471 3,154 4,465 11,909 Notes 96,507 6,533 38,033 2,550 6,038 7,634 3,228 12,127 2,556 1,248 2,675 3,786 10,098 Bonds 31,463 2,130 12,400 831 1,969 2,489 1,052 3,954 833 407 872 1,234 3,292 Total bought outright2 241,778 16,368 95,285 6,389" 15,128 19,125 8,086 30,381 6,403 3,126 6,701 9,486 25,300 Held under repurchase agreements1 4,638 0 4,638 0 0 0 0 0 0 0 0 0 0 Total U.S. govt, securities 246,416 16,368 99,923 6,389 15,128 19,125 8,086 30,381 6,403 3,126 6,701 9,486 25,300 Total loans and securities 253,288 16,824 102,784 6,594 15,522 19,624 8,301 31,177 6,600 3,272 6,888 9,738 25,964 Items in process of collection 6,280 426 706 359 181 466 756 528 203 332 448 690 1,186 Bank premises 915 89 97 45 34 122 58 111 28 33 53 97 147 Other assets3 33,873 1,437 9,848 1,525 1,819 2,112 3,195 4,215 883 908 1,246 2,425 4,260 Interdistrict settlement account 0 -1,888 +4,628 -1,290 -1,569 + 276 +578 -60 + 10 -381 +847 -478 -674 TOTAL ASSETS 316,061 18,398 125,394 7,922 17,365 24,626 13,717 38,744 8,396 4,524 10,224 13,480 33,270 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 $ 8,244 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 632 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 $ 60 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 15, 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 269,449 16,343 110,284 6,095 15,438 21,404 9,305 34,301 7,152 3,455 8,617 10,483 26,572 Deposits Depository institutions 29,338 1,226 8,055 1,241 1,233 2,189 3,322 2,926 857 575 962 2,107 4,646 U.S. Treasury--general account 3,835 0 3,835 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 222 6 113 7 8 9 15 19 4 4 6 11 20 Other 240 2 96 1 3 49 1 63 1 5 4 2 13 Total deposits 33,634 1,234 12,098 1,249 1,243 2,247 3,338 3,008" 862 584 971 2,120 4,679 Deferred credit items 5,675 419 683 338 203 398 644 485 176 343 383 489 1,113 Other liabilities and accrued dividends1 2,327 171 757 72 159 205 93 324 67 35 74 102 267 TOTAL LIABILITIES 311,085 18,167 123,823 7,754 17,044 24,254 13,379~ 38,119 8,258 4,418 10,045 13,194 32,631 CAPITAL ACCOUNTS Capital paid in 2,544 104 713 104 149 166 249 306 65 69 96 188 336 Surplus 2,076 97 667 64 125 148 88 300 64 38 84 98 303 Other capital accounts 356 30 191 0_ 47 58 0_ 19_ 11 0_ 0_ 0_ 0 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 316,061 18,398 125,394 7,922 17,365 24,626 13,717 38,744 8,396 4,524 10,224 13,480 33,270 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 314,438 19,749 120,435 7,606 17,614 27,279 13,922 37,701 8,998 4,373 10,481 13,035 33,245 Less—Held by F.R. Banks 44,989 3,407 10,151 1,511 2,176 5,875 4,617 3,400 1,846 918 1,864 2,551 6,673 F.R. notes, net 269,449 16,343 110,284 6,095 15,438 21,404 9,305 34,301 7,152 3,455 8,617 10,483 26,572 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 248,374 Total collateral 269,449 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