H.4.1 Factors Affecting Reserve Balances of Depository Institutions

:q^cow> 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 July 25, 1991 Millions of dollars Averac es o f daily figures RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt Week ended Change from week ended Wednesday FF..RR.. BBaannkkss,, RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss Jul 24, 1991 Jul 17, 1991 Jul 25, 1990 Jul 24, 1991 Reserve Bank credit1 2 292,535 - 1,479 + 13,752 290,984 U.S. government securities Bought outright—system account 250,830 + 1,792 + 20,094 249,177 Held under repurchase agreements 0 - 2,623 - 729 0 Federal agency obligations Bought outright 6,190 - 23 - 243 6,159 Held under repurchase agreements 0 - 190 .- 237 0 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 146 + 2 - 96 81 Seasonal credit 339 + 40 - 71 357 Extended credit 4 + 1 - 343 6 Float 353 - 56 - 466 424 Other F.R. assets 34,673 - 422 - 4,156 34,780 Gold stock 11,062 0 - 3 11,062 Special drawing rights certificate account 10,018 0 + 1,500 10,018 Treasury currency outstanding 20,782 + 10 + 677 20,782 Total factors supplying reserve funds 334,397 - 1,469 _ 15,926 332,846 Currency in circulation* 292,895 - 1,421 + 24,416 292,504 Treasury cash holdings* 613 - 8 + 54 606 Deposits, other than reserve balances, with F.R. Banks Treasury 6,033 - 612 + 951 4,644 Foreign 221 - 8 - 30 200 Service-related balances and adjustments3 3,317 + 167 + 1,180 3,317 Other 192 - 95 - 45 174 Other F.R. liabilities and capital 7,909 - 3 - 1,226 7,758 Total factors, other than reserve balances, absorbing reserve funds 311,181 - 1,980 + 25,299 309,202 Reserve balances with F.R. Banks4 23,216 + 510 - 9,373 23,643 On July 24, 1991, marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 243,127 million, a change of + $ 176 million for the week. 1 Net of $ 4,502 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 4,502 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. government securities. 2 Net of $ 6,187 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 6,187 million was with foreign official and international accounts. Includes $ 61 million securities loaned-fully secured U.S. government securities. 3 Consists of required clearing balances of $ 3,157 million and adjustments of $ 161 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 Nednesday Nednesday Wednesday Jul 24, 1991 Jul 17, 1991 Jul 25, 1990 ASSETS Gold certificate account 11,062 0 1 Special drawing rights certificate account 10,018 0 1,500 Coin 540 5 70 Loans 444 94 1,885 Acceptances 0 0 0 Federal agency obligations Bought outright 6,159 55 255 Held under repurchase agreements1 0 150 539 U.S. government securities Bought outright—Bills 120,383 1,173 + 13,497 Notes 97,332 125 + 5,550 Bonds 51,463 0 + 700 Total bought outright2 249,177 1,048 + 19,747 Held under repurchase agreements1 0 682 - 1,833 Total U.S. government securities 249,177 1,730 + 17,914 Total loans and securities 255,780 1,841 + 15,234 Items in process of collection (435) 5,199 390 222 Bank premises 938 0 111 Other assets3 33,814 188 4,112 TOTAL ASSETS (435) 317,352 2,414 12,580 LIABILITIES Federal Reserve notes 272,869 1,179 23,658 Deposits Depository institutions 27,162 + 1,628 - 8,073 U.S. Treasury—general account 4,644 - 2,467 - 1,268 Foreign—official accounts 200 - 20 - 29 Other 174 - 58 - 300 Total deposits 32 ,179 - 916 - 9,670 Deferred availability cash items (435) 4 ,547 - 444 - 249 Other liabilities and accrued dividends4 2 ,322 + 91 - 1,456 TOTAL LIABILITIES (435) 311,917 — 2,449 + 12,283 CAPITAL ACCOUNTS Capital paid in 2,556 + 7 + 197 Surplus 2,390 + 26 + 147 Other capital accounts 490 + 1 - 47 *• Figures in parentheses are the eliminations made in the consolidation process. i 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 $ 6,187 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes S 61 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 $ 23 million in Treasury bills maturing within 90 days. 4 fncludes 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 24, 1991 Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements. ,1iliions of dollars U.S. gove rnmen t Federal agency securities obligations LLooaannss AAcccceeppttaanncceess Weekly Weekly Holdings Holdings changes changes Hithin 15 days 385 0 WWiitthhiinn 1155 ddaayyss 1111,,999977 11,,998877 155 205 16 days to 90 days 60 0 1166 ddaayyss ttoo 9900 ddaayyss 5544,,998822 338844 973 + 10 Over 90 days 0 0 9911 ddaayyss ttoo 11 yyeeaarr 8811,,991199 ++ 664411 1,397 + 55 OOvveerr 11 yyeeaarr ttoo 55 yyeeaarrss 6622,,773311 00 2,458 65 OOvveerr 55 yyeeaarrss ttoo 1100 yyeeaarrss 1122,,883322 00 989 0 OOvveerr 1100 yyeeaarrss 2244,,771166 00 188 0 Total 444 0 TToottaall 224499,,117777 11,,773300 6,159 205 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 24 ,1991 Millions of dollars Total 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 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 540 34 18 42 32 103 47 51 36 13 36 36 92 Loans 444 6 5 6 6 1 48 26 118 156 41 5 28 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Federal agency obligations Bought outright 6,159 417 2,427 163 385 487 206 774 163 80 171 242 644 Held under repurchase agreements1 0 0 0 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright—Bills 120,383 8,150 47,443 3,181 7,532 9,522 4,026 15,127 3,188 1,556 3,337 4,723 12,597 Notes 97,332 6,589 38,358 2,572 6,090 7,699 3,255 12,230 2,578 1,258 2,698 3,819 10,185 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 249,177 16,869 98,201 6,584 15,591 19,710 8,334 31,311 6,599 3,221 6,907 9,777 26,074 Held under repurchase agreements1 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt, securities 249,177 16,869 98,201 6,584 " 15,591 19,710 88,,333344 3311,,331111 66,,559999 33,,222211 66,,990077 99,,777777 26,074 Total loans and securities 255,780 17,292 100,632 6,753 15,982 20,198 88,,558877 3322,,111111 66,,888800 33,,445577 77,,111188 1100,,002233 26,746 Items in process of collection 5,634 446 797 296 239 350 476 439 184 300 345 642 1,121 Bank premises 938 89 106 44 34 122 57 112 28 33 54 112 146 Other assets3 33,814 1,476 9,977 1,498 1,847 2,142 3,097 4,176 882 887 1,234 2,371 4,227 Interdistrict settlement account 0 -1,492 +10,877 -1,042 -3,154 -1,479 -1,556 -893 -584 -934 + 100 -2,291 +2,447 TOTAL ASSETS 317,787 19,304 129,719 8,228 16,318 23,346 11,491 38,701 8,061 4,099 9,591 11,871 37,059 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 $ 6,187 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 61 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 $ 23 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 24, 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 272,869 1 17,403 115,702 6,383 14,445 20,093 7,559 34,117 6,777 2,842 8,100 9,265 30,182 Deposits Depository institutions 27,162 1,166 6,217 1,280 1,216 2,253 2,829 3,164 903 769 885 1,583 4,898 U.S. Treasury—general account 4,644 0 4,644 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 200 6 91 7 8 9 15 19 4 4 6 11 20 Other 174 1 84 1 2 52 1 25 0 5 2 0 1 Total deposits 32,179 1,173 11,035 1,288 1,226 2,314 2,846 3,208 907 778 892 1,595 4,918 Deferred credit items 4,981 326 635 262 171 369 533 390 156 306 318 526 989 Other liabilities and accrued dividends1 2,322 168 770 69 155 204 89 320 81 34 73 99 261 TOTAL LIABILITIES 312,351 19,069 128,142 8,003 15,996 22,981 11,027 38,035 7,921 3,960 9,383 11,485 36,351 CAPITAL ACCOUNTS Capital paid in 2,556 105 717 102 149 166 252 312 65 69 98 187 333 Surplus 2,390 97 667 115 125 148 212 300 64 69 93 185 315 Other capital accounts 490 33 194 8 48 51 0_ 54 12 1_ 17 14 60 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 317,787 19,304 129,719 8,228 16,318 23,346 11,491 38,701 8,061 4,099 9,591 11,871 37,059 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 339,224 21,444 132,863 8,458 17,250 27,780 13,972 39,355 9,404 4,221 10,396 12,944 41,136 Less—Held by F.R. Banks 66,356 4,041 17,161 2,075 2,805 7,687 6,413 5,238 2,627 1,379 2,296 3,679 10,954 F.R. notes> net 272,869 17,403 115,702 6,383 14,445 20,093 7,559 34,117 6,777 2,842 8,100 9,265 30,182 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 251,788 1 Total collateral 272,869 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