H.4.1 Factors Affecting Reserve Balances of Depository Institutions

'o* GOvr" 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 Hay 50, 1991 Millions of dollars Averac es o f 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 Hay 29, 1991 May 22, 1991 May 30, 1990 May 29, 1991 Reserve Bank credit1 2 286,570 «f 1,424 • 13,252 290,750 U.S. government securities Bought outright—system account 243,829 • 401 • 18,888 244,293 Held under repurchase agreements 477 • 477 • 477 3,342 Federal agency obligations Bought outright 6,240 - 11 - 206 6,213 Held under repurchase agreements 76 + 76 + 76 534 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 107 + 63 - 527 58 Seasonal credit 174 + 19 - 115 174 Extended credit 22 - 73 - 1,137 24 Float 347 + 148 - 85 639 Other F.R. assets 35,297 • 324 - 4,118 35,473 Gold stock 11,057 0 - 8 11,057 Special drawing rights certificate account 10,018 0 + 1,500 10,018 Treasury currency outstanding 20,657 + 10 + 681 20,657 Total factors supplying reserve funds 328,302 + 1,434 _ 15,426 332,482 Currency in circulation* 289,739 + 1,143 + 25,945 290,638 Treasury cash holdings* 628 + 2 + 51 629 Deposits, other than reserve balances, with F.R. Banks Treasury 4,644 - 940 + 82 3,945 Foreign 244 • 26 • 29 266 Service-related balances and adjustments3 3,162 - 238 + 1,170 3,161 Other 223 0 - 352 242 Other F.R. liabilities and capital 7,640 + 176 - 1,747 7,575 Total factors, other than reserve balances, absorbing reserve funds 306,280 + 170 + 25,177 306,456 Reserve balances with F.R. Banks4 22,023 + 1,264 - 9,751 26,026 On May 29, 1991, marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 246,139 million, a change of - $ 1,209 million for the week. 1 Net of $ 6,434 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 6,185 million was with foreign official and international accounts. Includes securities loaned--fuliy secured by U.S. government securities. 2 Net of $ 6,324 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 6,324 million was with foreign official and international accounts. Includes $ 203 million securities loaned-fully secured U.S. government securities. 3 Consists of required clearing balances of $ 2,985 million and adjustments of $ 177 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 Wednesday May 29, 1991 May 22, 1991 May 30, 1990 ASSETS Gold certificate account 11,057 0 - 8 Special drawing rights certificate account 10,018 0 • 1,500 Coin 577 - 31 ! • 104 - - Loans 255 145 1,120 Acceptances 0 0 0 Federal agency obligations Bought outright 6,213 - 37 - 233 Held under repurchase agreements1 534 + 534 • 534 U.S. government securities Bought outright—Bills 116,323 • 712 • 14,355 Notes 96,507 0 • 4,775 Bonds 31,463 0 + 700 Total bought outright2 244,293 • 712 • 19,830 Held under repurchase agreements1 3,342 + 3,342 • 3,342 Total U.S. government securities 247,635 • 4,054 + 23,172 Total loans and securities 254,638 + 4,406 + 22,353 Items in process of collection (742) 7,625 + 2,643 - 824 Bank premises 915 0 • 120 Other assets3 34,608 + 386 - 4,063 TOTAL ASSETS (742) 319,439 • 7,404 + 19,182 LIABILITIES Federal Reserve notes 271,188 + 1,631 + 25,278 Deposits Depository institutions 29,704 + 5,049 - 2,990 U.S. Treasury—general account 3,945 - 1,375 - 476 Foreign—official accounts 266 + 25 + 58 Other 242 + 37 - 136 Total deposits 34,156 • 3,736 - 3,543 Deferred availability cash items (742) 6,519 + 1,886 - 922 Other liabilities and accrued dividends4 22,,337733 7788 - 1,758 TOTAL LIABILITIES ((774422)) 331144,,223366 ++ 77,,333311 + 19,055 CAPITAL ACCOUNTS Capital paid in 2,548 + 1 • 209 Surplus 2,198 + 50 - 45 Other capital accounts S 457 • 22 - 37 * 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 $ 6,324 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 203 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 $ 54 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 29, 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 Meekly Heekly Holdings Holdings changes changes Nithin 15 days 227 0 NNiitthhiinn 1155 ddaayyss 1155,,000099 • 2,682 836 • 498 16 days to 90 days 29 0 1166 ddaayyss ttoo 9900 ddaayyss 5577,,222288 + 1,067 748 + 184 Over 90 days 0 0 9911 ddaayyss ttoo 11 yyeeaarr 7766,,111100 • 305 1,507 185 OOvveerr 11 yyeeaarr ttoo 55 yyeeaarrss 6611,,998899 0 2,458 + 16 OOvveerr 55 yyeeaarrss ttoo 1100 yyeeaarrss 1122,,558844 0 1,010 16 OOvveerr 1100 yyeeaarrss 2244,,771166 0 188 0 Total 255 0 TToottaall 224477,,663355 + 4,054 6,747 + 497 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 29 ,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 11,057 747 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 577 49 19 49 35 109 43 59 35 17 37 26 102 Loans 255 40 10 3 5 5 9 17 60 78 16 3 10 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Federal agency obligations Bought outright 6,213 421 2,449 164 389 491 208 781 165 80 172 244 650 Held under repurchase agreements1 534 0 534 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright—Bills 116,323 7,875 45,843 3,074 7,278 9,201 3,890 14,617 3,081 1,504 3,224 4,564 12,172 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 244,293 16,538 96,276 6,455 15,285 19,324" 8,170 30,697 6,470 3,158 6,771 9,585 25,563 Held under repurchase agreements1 3,342 0 3,342 0 0 0 0 0 0 0 0 0 0 Total U.S. govt, securities 247,635 16,538 99,618 6,455 15,285 19,324 8,170 30,697 6,470 3,158 6,771 9,585 25,563 Total loans and securities 254,638 16,999 102,610 6,622 15,679 19,820 8,387 31,495 6,694 3,317 6,960 9,832 26,223 Items in process of collection 8,367 505 1,065 566 338 649 973 766 436 478 439 696 1,455 Bank premises 915 89 97 45 34 123 58 111 28 33 53 97 147 Other assets3 34,608 1,474 10,068 1,552 1,858 2,163 3,238 4,286 900 965 1,268 2,497 4,340 Interdistrict settlement account 0 -2,316 +5,717 -1,717 -2,057 + 103 +322 -831 -269 -637 +661 -1,261 +2,287 TOTAL ASSETS 320,180 18,258 126,884 7,753 17,224 24,875 13,803 38,591 8,458 4,517 10,121 12,864 36,833 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 $ 6,324 million matched sale-purchase transactions outstanding at the end of the latest statement week, includes $ 203 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 $ 54 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 29, 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 271,188 15,937 110,751 5,989 15,236 21,684 9,876 34,112 7,171 3,448 8,633 10,424 27,926 Deposits Depository institutions 29,704 1,456 8,603 1,010 1,214 2,033 2,720 2,756 813 438 786 1,417 6,459 U.S. Treasury—general account 3,945 0 3,945 0 0 0 0 0 0 0 0 0 0 Foreign-~official accounts 266 6 157 7 8 9 15 19 4 4 6 11 20 Other 242 | L 119 2 2 46 1 57 0 9 2 0 2 Total deposits 34,156 1,463 12,824 1,019 1,224 2,088 2,736 2,831 817 451 794 1,429 6,481 Deferred credit items 7,261 457 913 483 287 542 726 666 265 466 418 589 1,448 Other liabilities and accrued dividends1 2,373 167 824 70 155 201 94 323 67 35 73 102 264 TOTAL LIABILITIES 314,978 18,024 125,312 7,561 16,902 24,515 13,432 37,931 8,320 4,399 9,918 12,545 36,119 CAPITAL ACCOUNTS Capital paid in 2,548 104 713 104 149 165 251 307 65 69 98 187 336 Surplus 2,198 97 667 88 125 148 120 300 64 48 93 132 315 Other capital accounts 457 33 191 0 47 47 0 53 11 0_ 13 0_ 62 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 320,180 18,258 126,884 7,753 17,224 24,875 13,803 38,591 8,458 4,517 10,121 12,864 36,833 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 315,767 19,296 121,085 7,598 17,293 27,550 14,494 37,469 9,067 4,335 10,447 13,053 34,079 Less—Held by F.R. Banks 44,579 3,359 10,334 1,609 2,058 5,865 4,618 3,357 1,896 888 1,814 2,629 6,153 F.R. notes, net 271,188 15,937 110,751 5,989 15,236 21,684 9,876 34,112 7,171 3,448 8,633 10,424 27,926 Collateral held against F.R. notes Gold certificate account 11,057 Special drawing rights certificate account j 10,018 Other eligible assets 0 ! U.S. govt, and agency securities 250,113 Total collateral 271,188 1 Includes exchange transfatfon 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