H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Co2^Si& FEDERAL RESERVE These data are scheduled for release each Thursday. The exact time of each release will be announced, when • f « £> 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 July 5, 1991 Millions of dollars Averages of daily figures RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt NNeeeekk eennddeedd Chanae from week ended Hednesday FF..RR.. BBaannkkss,, RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss JJuull 33,, 11999911 Jun 26, 1991 Jul 4, 1990 Jul 3, 1991 Reserve Bank credit1 2 294,770 + 3,560 + 15,140 294,038 U.S. government securities Bought outright--system account 247,102 + 945 + 15,826 247,350 Held under repurchase agreements 4,372 + 3,177 + 4,372 4,393 Federal agency obligations Bought outright 6,213 0 233 6,213 Held under repurchase agreements 624 + 475 + 624 476 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 574 + 489 + 512 31 Seasonal credit 283 + 17 80 286 Extended credit 7 2 149 5 Float 655 + 542 222 739 Other F.R. assets 34,934 2,084 5,510 34,543 Gold stock 11,062 0 3 11,062 Special drawing rights certificate account 10,018 0 + 1,500 10,018 Treasury currency outstanding 20,737 + 10 + 672 20,737 Total factors supplying reserve funds 336,587 + 3,569 + 17,308 335,854 Currency in circulation* 292,304 + 1,749 + 24,544 294,310 Treasury cash holdings* 613 7 + 34 613 Deposits, other than reserve balances, with F.R. Banks Treasury 9,507 + 3,762 + 3,927 6,371 Foreign 271 + 55 16 203 Service-related balances and adjustments3 3,280 + 103 + 1,433 3,280 Other 215 9 63 199 Other F.R. liabilities and capital 7,344 847 1,792 7,256 Total factors, other than reserve balances, absorbing reserve funds 313,535 + 4,807 + 28,067 312,236 Reserve balances with F.R. Banks4 23,051 1,238 10,759 23,618 On July 3, 1991, marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 243,556 million, a change of - $ 359 million for the week 1 Net of $ 6.403 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 6,403 million was with foreign official and international accounts. Includes securities ioaned-fuily secured by U.S. government securities. 2 Net of $ 6,432 million matched sale-purchase transactions outstanding at the en6 of the latest statement week, of which a net of $ 6 432 million was with foreign official and international accounts. Includes $ 144 million securities loaned-fuily secured U.S. government securities. 3 Consists of required clearing balances of $ 3,037 million and adjustments of $ 243 million to compensate for float. 4 Excludes required clearing balances and adjustments to compensate tor 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 ** WWeeddnneessddaayy Wednesday Wednesday Jul 3, 1991 Jun 26, 1991 Jul 4, 1990 ASSETS Gold certificate account 11,062 0 - 3 Special drawing rights certificate account 10,018 0 + 1,500 Coin 554 - 26 + 97 Loans 323 - 28 - 258 Acceptances 0 0 0 federal agency obligations Bought outright 6,213 0 - 233 Held under repurchase agreements1 476 - 272 + 476 U.S. government securities Bought outright—Bills 119,181 + 772 + 10,427 Notes 96,707 0 + 4,925 Bonds 31,463 0 + 700 Total bought outright2 247,350 + 772 + 16,052 Held under repurchase agreements1 44,,339933 - 218 ++ 4,393 Total U.S. government securities 225511,,774433 + 554 ++ 20,445 Total loans and securities 258,755 + 254 + 20,430 Items in process of collection (653) 6,237 + 1,366 - 3,132 Bank premises 932 0 + 104 Other assets3 3333,,996622 22,,444422 - 5,434 TOTAL ASSETS ((665533)) 332211,,552200 ~~ 884499 + 13,562 LIABILITIES Federal Reserve notes 274,741 + 3,344 + 24,630 Deposits Depository institutions 27,217 - 5,197 - 7,290 U.S. Treasury—general account 6,371 + 951 + 382 Foreign—official accounts 208 - 25 - 31 Other 119999 6633 - 25 __ Total deposits 3333,,999944 44,,333344 - 6,964 Deferred availability cash items (653) 5,530 + 993 ! 2,244 Other liabilities and accrued dividends4 22,,445577 - 177 1 1,257 TOTAL LIABILITIES (( 665533 )) 331166,,772211 - 174 + 14,165 CAPITAL ACCOUNTS Capital paid in 2,548 + 2 • 202 Surplus 2,185 - 238 - 58 Other capital accounts 66 - 438 - 747 * 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 $ 6,432 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 144 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 $ 61 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, JULY 3, 1991 Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements. MiHions of dollars U.S. gove rnmen t Federal agency securities obligations LLooaannss AAcccceeppttaanncceess Weekly Weekly Holdings Holdings changes changes Hithin 15 days 104 0 WWiitthhiinn 1155 ddaayyss 1155,,663311 + 155 491 462 16 days to 90 days 218 0 1166 ddaayyss ttoo 9900 ddaayyss 5599,,001133 + 1,928 1,068 + 241 Over 90 days 0 0 9911 ddaayyss ttoo 11 yyeeaarr 7777,,338866 1,489 1,433 51 OOvveerr 11 yyeeaarr ttoo 55 yyeeaarrss 6622,,441133 39 2,499 0 OOvveerr 55 yyeeaarrss ttoo 1100 yyeeaarrss 1122,,558844 0 1,010 0 OOvveerr 1100 yyeeaarrss 2244,,771166 0 188 0 Total 323 0 TToottaall 225511,,774433 + 554 6,689 272 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 JULY 3, 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 11,062 747 3,917 318 692 948 479 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 554 39 19 44 31 105 45 53 35 14 36 36 99 Loans 323 10 16 5 6 1 10 16 80 130 32 5 12 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 476 0 476 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright—Bills 119,181 8,068 46,969 3,149 7,457 9,427 3,986 14,976 3,156 1,541 3,303 4,676 12,471 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 31,463 2,130 12,400 831 1,969 2,489 1,052 3,954 833 407 872 1,234 3,292 Total bought outright2 247,350 16,745 97,481 6,536 15,477 19,565 8,272 31,081 6,551 3,198 6,856 9,705 25,883 Held under repurchase agreements1 4,393 0 4,393 0 0 0 0 0 0 0 0 0 0 Total U.S. govt, securities 251,743 16,745 101,874 6,536 15,477 19,565 8,272 31,081 6,551 3,198 6,856 9,705 25,883 Total loans and securities 258,755 17,177 104,814 6,705 15,872 20,058 8,491 31,878 6,795 3,408 7,060 9,953 26,545 Items in process of collection 6,890 411 828 489 264 571 774 600 184 359 380 707 1,321 Bank premises 932 89 106 44 34 122 57 111 28 33 53 105 147 Other assets3 33,962 1,461 10,030 1,500 1,880 2,124 3,119 4,212 880 891 1,232 2,387 4,245 Interdistrict settlement account 0 -2,977 +8,245 -1,660 -2,646 +46 +525 -1,328 -198 -631 +570 -1,922 +1,975 TOTAL ASSETS 322,173 17,657 131,354 7,759 16,771 24,935 13,793 38,233 8,360 4,418 10,036 12,245 36,611 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 $ 6,432 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 144 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 $ 61 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

i 4 1 (C) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 3, 1991 Millions of dollars • r r Kansas San Total Boston New York | Philadelphia Cleveland Richmond Atlanta Chicago St. Louis i Minneapolis City Dallas Francisco L LIABILITIES Federal Reserve notes 274,741 15,731 117,021 5,825 14,984 21,485 8,959 34,382 7,021 3,247 8,582 9,969 27,536 Deposits Depository institutions 27,217 1,149 4,721 1,276 1,083 2,372 3,674 2,345 964 609 846 1,193 6,986 U.S. Treasury—general account 6,371 0 6,371 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 208 6 99 7 8 9 15 19 4 4 6 11 20 Other 199 1 87 1 1 34 1 63 g_ 5 2 0 3 Total deposits 33,994 1,156 11,277 1,284 1,091 2,415 3,690 2,426 968 618 854 1,204 7,009 Deferred credit items 6,183 397 733 390 251 481 647 521 183 398 351 644 1,184 Other liabilities and accrued dividends1 2,457 167 920 68 149 232 84 313 64 32 72 95 260 TOTAL LIABILITIES 317,374 17,451 129,951 7,567 16,475 24,613 13,380 37,643 8,236 4,296 9,859 11,913 35,989 CAPITAL ACCOUNTS Capital paid in 2,548 105 715 102 149 166 252 308 65 69 98 187 333 Surplus 2,185 97 667 83 125 148 162 282 54 52 78 145 289 Other capital accounts 66_ 4 21 7_ 21 8 0 0_ 4 0_ 0 0 0 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 322,173 17,657 131,354 7,759 16,771 24,935 13,793 38,233 8,360 4,418 10,036 12,245 36,611 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 328,888 19,179 130,718 7,700 17,334 27,925 14,365 38,710 9,180 4,240 10,427 13,016 36,095 Less--Held by F.R. Banks 54,148 3,449 13,697 1,875 2,350 6,440 5,406 4,327 2,159 992 1,845 3,047 8,559 F.R. notes? net 274,741 15,731 117,021 5,825 14,984 21,485 8,959 34,382 7,021 3,247 8,582 9,969 27,536 Collateral held against F.R. notes Gold certificate account 11,062 Special drawing rights certificate account 10,018 Other eligible assets 0 U.S. govt, and agency securities 253,661 Total collateral 274,741 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