H.4.1 Factors Affecting Reserve Balances of Depository Institutions

£i&§& FEDERAL RESERVE These data are scheduled for release each Thursday. The exact time of each release will be announced, when ••f«5igfc> 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 11, 1991 Millions of dollars Averages of daily fii gures RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt Week ended Change froiri week ended Wednesday FF..RR.. BBaannkkss,, RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss Jul 10, 1991 ~JuT 3, 1991 ~JuT~1 1, 1990 Jul 10, 1991 Reserve Bank credit1 2 296,684 + 1,914 + 13,885 299,244 U.S. government securities Bought outright—system account 248,003 + 901 + 18,059 250,530 Held under repurchase agreements 6,319 + 1,946 + 3,089 6,155 Federal agency obligations Bought outright 6,213 0 - 233 6,213 Held under repurchase agreements 526 - 97 - 710 424 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 37 - 537 + 18 24 Seasonal credit 292 + 5 - 58 295 Extended credit 3 - 5 - 203 2 Float 480 - 175 - 434 662 Other F.R. assets 34,810 - 125 - 5,643 34,940 Gold stock 11,062 0 - 3 11,062 Special drawing rights certificate account 10,018 0 + 1,500 10,018 Treasury currency outstanding 20,747 + 10 + 669 20,747 Total factors supplying reserve funds 338,511 _ 1,924 + 16,050 341,071 Currency in circulation* 294,846 + 2,544 + 24,823 295,186 Treasury cash holdings* 621 + 5 + 44 621 Deposits, other than reserve balances, with F.R. Banks Treasury 7,081 - 2,426 + 1,109 5,043 Foreign 244 - 27 - 17 186 Service-related balances and adjustments3 3,219 - 65 + 1,196 3,219 Other 189 - 26 - 9 184 Other F.R. liabilities and capital 7,646 + 303 - 1,655 7,847 Total factors, other than reserve balances, absorbing reserve funds 313,847 + 309 + 25,489 312,286 Reserve balances with F.R. Banks^ 24,663 + 1,615 - 9,439 28,785 On July 10, 1991, marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 241,662 million, a change of - $ 1,894 million for the week. 1 Net of $ 5,818 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 5,818 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. government securities. 2 Net of $ 3,362 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 3,362 million was with foreign official and international accounts. Includes $ 354 million securities loaned-fully secured U.S. government securities. 3 Consists of required clearing balances of $ 3,038 million and adjustments of $ 181 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 ** WWeeddnneessddaayy Wednesday Wednesday Jul 10, 1991 Jul 3, 1991 Jul 11, 1990 ASSETS Gold certificate account 11,062 0 - 3 Special drawing rights certificate account 10,018 0 + 1,500 Coin 536 - 19 + 85 - - Loans 321 2 308 Acceptances 0 0 0 Federal agency obligations Bought outright 6,213 0 - 232 Held under repurchase agreements1 424 - 52 - 1,350 U.S. government securities Bought outright—Bills 122,360 + 3,179 + 14,624 Notes 96,707 0 + 4,925 Bonds 31,463 0 + 700 Total bought outright2 250,530 + 3,179 + 20,249 Held under repurchase agreements1 6,155 + 1,762 + 2,183 Total U.S. government securities 256,684 + 4,941 + 22,432 Total loans and securities 263,642 + 4,887 + 20,542 - - Items in process of collection (405) 5,216 1,021 1,138 Bank premises 932 0 + 103 Other assets3 34,246 + 284 - 5,474 TOTAL ASSETS (405) 325,651 + 4,131 + 15,616 LIABILITIES Federal Reserve notes 275,595 + 855 + 24,517 Deposits Depository institutions 32,024 + 4,807 - 7,348 U.S. Treasury—general account 5,043 - 1,328 + 374 Foreign—off icial accounts 186 - 21 - 90 Other 118844 1144 - 27 Total deposits 3377,,443377 ++ 33,,444433 - 7,091 Deferred availability cash items (405) 4,772 - 758 - 530 Other liabilities and accrued dividends4 2,633 + 177 - 1,436 TOTAL LIABILITIES (405) 320,438 + 3,717 + 15,460 CAPITAL ACCOUNTS Capital paid in 2,547 - 1 + 198 Surplus 2,307 + 122 + 64 Other capital accounts 360 + 294 - 107 * 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 $ 2,675 million was outstanding at the end of the latest statement week. 2 Net of $ 3,362 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 354 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 $ 58 million \n 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 10, 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. gove rnmen t Federal agency securities obligations LLooaannss AAcccceeppttaanncceess Weekly Weekly Holdings Holdings changes changes Hithin 15 days 113 0 WWiitthhiinn 1155 ddaayyss 18,046 + 2,416 552233 + 32 16 days to 90 days 208 0 1166 ddaayyss ttoo 9900 ddaayyss 58,358 655 996699 99 Over 90 days 0 0 9911 ddaayyss ttoo 11 yyeeaarr 80,566 + 3,180 11,,444455 + 12 OOvveerr 11 yyeeaarr ttoo 55 yyeeaarrss 62,413 0 22,,552233 + 24 OOvveerr 55 yyeeaarrss ttoo 1100 yyeeaarrss 12,584 0 998899 22 OOvveerr 1100 yyeeaarrss 24,716 0 118888 0 Total 321 0 TToottaall 256,684 + 4,941 66,,663377 52 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 10, 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 11,062 747 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 536 36 18 43 30 101 44 51 34 13 35 34 96 Loans 321 9 10 6 6 1 8 14 79 139 34 4 11 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 424 0 424 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright—Bills 122,360 8,284 48,222 3,233 7,656 9,679 4,092 15,375 3,241 1,582 3,392 4,801 12,804 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 250,530 16,961 98,734 6,620 15,676 19,817 8,379 31,481 6,635 3,239 6,944 9,830 26,216 Held under repurchase agreements1 6,155 0 6,155 0 0 0 0 0 0 0 0 0 0 Total U.S. govt, securities 256,684 16,961 104,888 6,620 15,676 19,817 8,379 31,481 6,635 3,239" 6,944 9,830 26,216 Total loans and securities 263,642 17,390 107,771 6,790 16,070 20,309" 8,594 32,276 6,878 3,459 7,150 10,078 26,877 Items in process of collection 5,621 343 676 360 264 438 584 486 175 306 341 441 1,208 Bank premises 932 89 106 44 34 122 57 111 28 33 53 106 147 Other assets3 34,246 1,481 10,125 1,512 1,852 2,150 3,191 4,238 888 897 1,243 2,395 4,273 Interdistrict settlement account 0 -2,715 +7,520 -1,610 -2,220 -146 + 277 -1,485 -238 -788 + 210 -1,242 +2,437 TOTAL ASSETS 326,057 18,083 133,527 7,777 17,367 24,883 13,529 38,384 8,400 4,263" 9,737 12,789 37,318 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 $ 2,675 million was outstanding at the end of the latest statement week. 2 Net of $ 3,362 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 354 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 $ 58 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 JULY 10, 1991 Millions of dollars Kansas San 1 Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco _, LIABILITIES Federal Reserve notes 275,595 15,928 117,635 5,821 15,016 21,361 8,863 34,173 6,906 3,042 8,294 10,013 28,545 Deposits Depository institutions 32,024 1,399 7,418 1,397 1,692 2,520 3,506 2,741 1,128 732 840 1,878 6,773 U.S. Treasury—general account 5,043 0 5,043 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 186 6 78 7 8 9 15 19 4 4 6 11 20 Other 184 2 79 1 1 31 1 60 0 5 3 0 2 Total deposits 37,437 1,407 12,616 1,405 1,700 2,560 3,522 2,8~20 1,132 742~ 849 1,890 6,794 Deferred credit items 5,177 342 648 279 172 403 623 423 159 317 329 435 1,047 Other liabilities and accrued dividends1 2,633 174 1,057 72 159 220066 9911 327 68 35 74 102 267 TOTAL LIABILITIES 320,843 17,851 131,956 7,577 17,047 2244,,552299 1133,,009999 37,743 8,266" 4,135 9,546 12,440 36,652 CAPITAL ACCOUNTS Capital paid in 2,547 105 715 100 149 166 252 308 65 69 98 187 333 Surplus 2,307 97 667 100 125 148 178 300 64 58 93 162 315 Other capital accounts 360 30 189 0 45 40 0_ 33 6_ 0_ 0 0_ 17 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 326,057 18,083 133,527 7,777 17,367 24,883 13,529 38,384 8,400 4,263 9,737 12,789 37,318 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 331,674 19,521 131,906 7,664 17,314 27,874 14,293 38,815 9,194 4,235 10,428 13,001 37,429 Less—Held by F.R. Banks 56,079 3,593 14,272 1,843 2,299 6,513 5,430 4,641 2,288 1,193 2,134 2,988 8,884 F.R. notes, net 275,595 ^15,928 117,635 5,321 15,016 21,3~6f 8,863 34,173 6,906 3,042 8,294 10,013 28,545 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 254,515 Total collateral 275,595 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