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 May 23, 1991 Millions of dollars Averages o f daily figures RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt Neek ended Change froir week ended Wednesday FF..RR.. BBaannkkss,, RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss May 22, 1991 ~May^1 5, 1991 May 23, 1990~ May 22, 1991 Reserve Bank credit1 2 285,146 - 2,021 * 13,809 285,033 U.S. government securities Bought outright--system account 243,428 + 557 + 20,353 243,581 Held under repurchase agreements 0 - 663 0 Q Federal agency obligations Bought outright 6,250 0 - 196 6,250 Held under repurchase agreements 0 - 28 0 0 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 44 - 8 - 18 141 Seasonal credit 156 + 19 - 109 158 Extended credit 95 - 37 - 941 101 Float 199 - 87 - 1,039 -313 Other F.R. assets 34,973 - 1,773 - 4,241 35,114 Gold stock 11,058 0 - 8 11,057 Special drawing rights certificate account 10,018 0 4- 1,500 10,018 Treasury currency outstanding 20,647 + 10 •f 687 20,647 Total factors supplying reserve funds 326,868 - 2,011 + "15,988 3"26 ,"755 _ Currency in circulation* 288,596 68 + 26,166 288,967 Treasury cash holdings* 626 - 27 + 54 628 Deposits, other than reserve balances, with F.R. Banks Treasury 5,583 + 652 • 310 5,319 Foreign 218 + 12 + 5 241 Service-related balances and adjustments3 3,400 + 168 + 1,369 3,400 Other 223 + 7 - 46 205 Other F.R. liabilities and capital 7,463 + 1 _ - 1,864 7j<*ZS Total factors, other than reserve balances, absorbing reserve funds 306,109 + 744 + 25,994 306,185 Reserve balances with F.R. Banks* 20,758 - 2,755 " 10,005 '•' 20,570 On May 22, 1991, marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 247,348 million, a change of -I- S 2.069 million for the week. • 1 Net of S 6.613 million, daily average, matched sale-purchase transactions outstanding during the'latest statement week, of which a net of S 6.613 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. government securities. 2 Net of $ 6.501 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of S 6.501 million was with foreign official and international accounts, includes $ 784 million securities loaned-fully secured U.S. government securities. 3 Consists of required clearing balances of $ 2.984 million and adjustments of 5 416 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 NNeeddnneessddaayy Nednesday Nednesday ** May 22, 1991 May 15, 1991 | May 23, 1990 ASSETS Gold certificate account 11,057 0 - 8 Special drawing rights certificate account 10,018 0 • 1,500 Coin 609 - 20 + 104 - _ Loans 400 26 837 Acceptances 0 0 0 Federal agency obligations Bought outright 6,250 0 - 196 Held under repurchase agreements1 0 - 196 0 U.S. government securities Bought outright—Bills 115,611 • 1,803 • 14,014 Notes 96,507 0 • 4,775 Bonds 31,463 0 • 700 Total bought outright2 243,581 • 1,803 • 19,489 Held under repurchase agreements1 0 - 4,638 0 Total U.S. government securities 243,581 - 2,835 • 19,489 Total loans and securities 250,231 - 3,057 • 18,456 - - Items in process of collection (443) 4,983 788 735 Bank premises 915 0 • 120 Other assets3 3344,,222211 + 349 4,151 TOTAL ASSETS ((444433)) 331122,,003355 - 3,516 •• 15,287 LIABILITIES Federal Reserve notes 269,557 • 108 • 25,579 Deposits Depository institutions 24,655 - 4,682 - 7,558 U.S. Treasury—general account 5,319 • 1,485 - 421 Foreign—official accounts 241 • 19 4- 41 Other 220055 jj^^ 3355 - 9 Total deposits 3300,,442200 33,,221144 - 7,947 Deferred availability cash items (443) 4,633 - 532 - 561 Other liabilities and accrued dividends4 2,295 - 32 - 1,821 TOTAL LIABILITIES (443) 306,905 - 3,670 • 15,251 CAPITAL ACCOUNTS Capital paid in 2,547 • 3 • 209 Surplus 2,148 • 72 - 95 Other capital accounts 435 • 79 - 78 * 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 $ 6,501 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 784 million securities Joaned-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 22, 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 Meekly Holdings Holdings changes changes Within 15 days j 383 0 HHiitthhiinn 1155 ddaayyss 12,327 • 611 338 • 60 16 days to 90 days 17 0 1166 ddaayyss ttoo 9900 ddaayyss 56,161 1,003 564 256 Over 90 days o 0 9911 ddaayyss ttoo 11 yyeeaarr 75,805 2,443 1,692 0 OOvveerr 11 yyeeaarr ttoo 55 yyeeaarrss 61,989 0 2,442 0 OOvveerr 55 yyeeaarrss ttoo 1100 yyeeaarrss 12,584 0 1,026 0 OOvveerr 1100 yyeeaarrss 24,716 0 188 0 Total 400 0 TToottaall 243,581 2,835 6,250 196 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 22, 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 11,057 747 3,912 318 692 948 479 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 609 50 21 51 38 112 46 65 36 18 36 29 106 Loans 400 41 3 83 5 5 8 115 36 76 13 5 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 agreements* 0 0 0 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright—Bills 115,611 7,827 45,562 3,055 7,234 9,145 3,867 14,527 3,062 1,495 3,204 4,536 12,098 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 11,,005522 33,,995544 883333 440077 887722 11,,223344 3,292 Total bought outright2 243,581 16,490 95,995 6,436 15,241 19,267 88,,114466 3300,,660088 66,,445511 33,,114499 66,,775511 99,,555577 25,488 Held under repurchase agreements1 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt, securities 243,581 16,490 95,995 6,436 15,241 19,267 8,146 30,608 6,451 3,149 6,751 9,557 25,488 Total loans and securities 250,231 16,954 98,461 6,684 15,637 19,767 8,363 31,508 6,653 3,306 6,938 9,808 26,152 Items in process of collection 5,426 336 645 306 207 391 562 459 167 371 325 564 1,092 Bank premises 915 89 97 45 34 123 58 111 28 33 53 97 147 Other assets3 34,221 1,457 9,909 1,542 1,839 2,152 3,232 4,270 893 914 1,259 2,447 4,309 Interdistrict settlement account 0_ -2,129 +7,629 -1,626 -1,916 -93 -199 -1,216 + 26 -234 +520 -1,408 +646 TOTAL ASSETS 312,478 18,215 124,070 7,640 17,175 24,360 12,845 37,903 8,438 4,751 9,835 12,515 34,731 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 $ 6,501 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 784 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 22, 1991 Millions of dollars Tot.il Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Ka C n it s y a s Dallas Fra S n a c n is co 1 LIABILITIES Federal Reserve notes 269,557 16,327 110,671 6,024 15,383 21,339 9,156 34,315 7,121 3,485 8,597 10,311 26,827 Deposits Depository institutions 24,655 1,132 4,925 1,110 1,121 2,022 2,731 2,097 948 739 651 1,314 5,866 U.S. Treasury--general account 5,319 0 5,319 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 241 6 132 7 8 9 15 19 4 4 6 11 20 Other 205 1 80 1 2 46 1 65 0 5 1 0 3 Total deposits 30,420 1,139 10,456 1,118 l,13l" 2,077 2,747 2,180 952 748 658 1,326 5,888 Deferred credit items 5,076 347 617 246 182 378 494 423 158 371 315 474 1,070 Other liabilities and accrued dividends1 2,295 ' 169 742 72 155 220011 9922 332222 6677 3344 7744 110022 263 TOTAL LIABILITIES 307,348 ; 17,982 122,486 7,460 16^852 2233,,999955 1122,,448899 3377,,224400 88,,229999** 44,,663399 99,,664433 1122,,221122 34,049 CAPITAL ACCOUNTS Capital paid in 2,547 104 713 104 149 165 250 307 65 69 97 188 336 Surplus 2,148 97 667 76 125 148 105 300 64 43 93 115 315 Other capital accounts 435 32 204_ 0 48 51 0_ 55 11 0_ 3^ 0 31 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 312,478 18,215 124,070 7,640 17,175 24,360 12,845 37,903 8,438 4,751 9,835 12,515 34,731 FEDERAL RESERVE AGENTS* ACCOUNTS F.R. notes outstanding 315,330 19,727 121,031 7,597 17,585 27,352 13,925 37,853 9,073 4,397 10,463 12,988 33,338 Less—Held by F.R. Banks 45,773 3,400 10,360 1,573 2,201 6,013 4,769 3,538 1,952 912 1,866 2,677 6,511 F.R. notes, net 269,557 16,327 110,671 6,024 15,383 21,339 9,156 34,315 7,121 3,485 8,597 10,311 26,827 Collateral held against F.R. notes Gold certificate account 11,057 Special drawing rights certificate account 10,018 Other eligible assets 0 U.S. govt, and agency securities 248,482 Total collateral 269,557" 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