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. •f^lRtS^ H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks August 15, 1991 Millions of dollars Averages of daily figures RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt Week ended Change froiri week ended Wednesday FF..RR.. BBaannkkss,, RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss Aug 14, 1991 Aug 7, 1991 Aug 15, 1990 Aug 14, 1991 Reserve Bank credit1 2 293,441 - 375 + 13,288 292,182 U.S. government securities Bought outright—system account 251,684 + 1,919 + 19,278 249,630 Held under repurchase agreements 0 - 1,202 - 423 0 Federal agency obligations Bought outright 6,159 0 - 255 6,159 Held under repurchase agreements 0 - 19 - 238 0 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 11 - 662 - 149 7 Seasonal credit 322 - 18 - 104 328 Extended credit 269 + 79 + 199 236 Float 435 4- 208 + 28 1,240 Other F.R. assets 34,562 - 681 - 5,048 34,583 Gold stock 11,062 0 - 2 11,062 Special drawing rights certificate account 10,018 0 + 1,500 10,018 Treasury currency outstanding 20,812 + 10 + 673 20,812 Total factors supplying reserve funds 335,332 - 365 + 15,458 334,074 Currency in circulation* 294,257 + 891 + 23,635 294,313 Treasury cash holdings* 611 - 3 + 65 612 Deposits, other than reserve balances, with F.R. Banks Treasury 6,028 + 220 + 740 4,964 Foreign 218 + 19 - 24 282 Service-related balances and adjustments3 3,305 - 13 + 1,337 3,305 Other 185 + 3 - 26 190 Other F.R. liabilities and capital 8,230 - 268 - 815 8,072 Total factors, other than reserve balances, absorbing reserve funds 312,833 + 849 + 24,912 311,738 Reserve balances with F.R. Banks4 22,499 - 1,214 - 9,453 22,336 On August 14, 1991, marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 248,892 million, a change of + $ 5,145 million for the week. 1 Net of $ 4,379 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 4,379 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. government securities. 2 Net of $ 6,626 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 6,626 million was with foreign official and international accounts. Includes $ 282 million securities loaned-fully secured U.S. government securities. 3 Consists of required clearing balances of $ 3,181 million and adjustments of $ 124 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 Wednesday Wednesday Wednesday Aug 14, 1991 Aug 7, 1991 Aug 15, 1990 ASSETS Gold certificate account 11,062 0 2 Special drawing rights certificate account 10,018 0 • 1,500 Coin 554 10 + 61 Loans 570 4,324 679 Acceptances 0 0 0 Federal agency obligations Bought outright 6,159 0 255 Held under repurchase agreements1 0 74 1,667 U.S. government securities Bought outright—Bills 120,596 34 + 12,663 Notes 97,572 90 + 5,990 Bonds 31,463 0 + 500 Total bought outright2 249,630 56 + 19,153 Held under repurchase agreements1 0 5,205 2,960 Total U.S. government securities 249,630 5,149 + 16,194 Total loans and securities 256,359 9,547 + 13,593 Items in process of collection (423) 4,958 637 546 Bank premises 941 1 + 109 Other assets3 33,699 942 3,897 TOTAL ASSETS (423) 317,592 11,115 + 10,818 LIABILITIES Federal Reserve notes 274,668 408 + 22,733 Depos i ts Depository institutions 24,872 8,612 8,908 U.S. Treasury—general account 4,964 2,472 695 Foreign—official accounts 282 79 + 36 Other 190 5 86 Total deposits 30 ,307 11,000 9,654 Deferred availability cash items (424) 4 ,545 538 1,624 Other liabilities and accrued dividends* 2 ,553 30 963 TOTAL LIABILITIES (423) 312,073 11,160 10,493 CAPITAL ACCOUNTS Capital paid in 2,563 6 176 Surplus 2,423 0 180 Other capital accounts 533 40 32 * 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 $ 6,626 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 282 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 $ 55 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, AUGUST 14, 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 Within 15 days 353 0 WWiitthhiinn 1155 ddaayyss 1144,,331199 2,711 230 + 96 16 days to 90 days 217 0 1166 ddaayyss ttoo 9900 ddaayyss 5522,,223366 2,948 883 171 Over 90 days 0 0 9911 ddaayyss ttoo 11 yyeeaarr 8833,,224488 + 419 1,319 59 OOvveerr 11 yyeeaarr ttoo 55 yyeeaarrss ((~~,,228800 + 90 2,510 + 5 OOvveerr 55 yyeeaarrss ttoo 1100 yyeeaarrss 1122,,883322 0 1,029 + 55 OOvveerr 1100 yyeeaarrss 2244,,771166 0 188 0 Total 570 0 TToottaall 224499,,663300 5,149 6,159 74 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 AUGUST 14, 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 36 22 42 32 105 50 52 37 12 36 43 88 Loans 570 2 0 2 8 2 240 19 107 144 36 3 8 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 120,596 8,164 47,527 3,187 7,546 9,539 4,033 15,154 3,194 1,559 3,343 4,732 12,619 Notes 97,572 6,606 38,453 2,578 6,105 7,718 3,263 12,261 2,584 1,261 2,704 3,828 10,210 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 249,630 16,900 98,379 6,596 15,619 19,746 8,349 31,368 6,611 3,227 6,919 9,794 26,121 Held under repurchase agreements1 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt, securities 249,630 16,900 98,379 6,596 15,619 19,746 8,349 31,368 6,611 3,227 6,919 9,794 26,121 Total loans and securities 256,359 17,319 100,806 6,761 16,013 20,235 8,794 32,160 6,881 3,451 7,126 10,039 26,773 Items in process of collection 5,382 369 611 374 173 420 528 477 174 320 326 465 1,145 Bank premises 941 89 110 44 34 122 57 112 28 32 54 112 147 Other assets3 33,699 1,491 9,982 1,481 1,848 2,098 3,056 4,207 887 880 1,225 2,346 4,199 Interdistrict settlement account 0 +2,162 +7,215 -334 -3,053 -2,613 -2,525 -2,225 -835 -1,217 -110 -2,375 +5,909 TOTAL ASSETS 318,016 22,923 ~" 126,058 9,006 16,383 22,276 10,743 37,490 7,807 3,821 9,360 11,608 40,541 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 $ 6,626 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 282 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 $ 55 million m 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 AUGUST 14, 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 274,668 20,539 112,910 7,285 14,776 19,281 6,895 33,798 6,668 2,669 7,962 9,052 32,833 Deposits Depository institutions 24,872 1,620 4,807 1,127 977 1,968 2,694 2,214 771 637 788 1,616 5,653 U.S. Treasury—general account i 4,964 0 4,964 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 282 6 173 7 8 9 15 19 4 4 6 11 20 Other 190 1 76 1 0 45 3 56 0 4 2 0 1 Total deposits 30,307 1,627 10,020 1,135 985 2,022 2,712 2,289 775 645 796 1,628 5,673 Deferred credit items 4,969 348 570 285 157 394 523 399 154 328 320 434 1,057 Other liabilities and accrued dividends1 2,553 173 963 73 160 213 93 329 68 35 76 104 266 TOTAL LIABILITIES 312,496 22,687 124,463 8,778 16,077 21,911 10,223 36,815 7,666 3,677 9,153 11,218 39,829 CAPITAL ACCOUNTS Capital paid in 2,563 105 721 102 150 167 252 312 65 69 98 187 334 Surplus 2,423 97 667 115 125 148 246 300 64 69 93 185 315 Other capital accounts 533 33 207 11 31 51 23 62 12 6 17 19 62 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 318,016 22,923 126,058 9,006 16,383 22,276 10,743 37,490 7,807 3,821 9,360 11,608 40,541 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 347,717 24,900 133,474 9,422 17,838 27,530 13,744 39,327 9,625 4,141 10,287 12,796 44,633 Less—Held by F.R. Banks 73,049 4,361 20,563 2,137 3,063 8,249 6,849 5,529 2,958 1,472 2,325 3,744 11,800 F.R. notes, net i 274,668 j 20,539 112,910 7,285 14,776 19,281 6,895 33,798 6,668 2,669 7,962 9,052 32,833 Collateral held against F.R. notes Gold certificate account 11,062 Special drawing rights certificate account 10,018 Other eligible assets 0 U.S. go t. and agency securities 253,588 Total collateral 274,668 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