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. «AL Rt' H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks September 5, 1991 Millions of dollars Averages of daily figures RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt NNeeeekk eennddeedd Change from week ended Hednesday FF..RR.. BBaannkkss,, RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss SSeepp 44,, 11999911 Aug 28, 1991 Sep 5, 1990 Sep 4, 1991 Reserve Bank credit1 2 296,369 + 4,542 + 11,419 307,197 U.S. government securities Bought outright—system account 255,055 + 2,133 + 21,526 255,447 Held under repurchase agreements 2,610 + 2,033 480 11,383 Federal agency obligations Bought outright 6,159 0 218 6,159 Held under repurchase agreements 132 + 103 963 608 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 84 + 30 263 51 Seasonal credit 303 34 112 287 Extended credit 442 + 73 + 437 349 Float 215 99 + 63 1,109 Other F.R. assets 31,370 + 304 8,572 31,804 Gold stock 11,062 0 2 11,062 Special drawing rights certificate account 10,018 0 + 1,500 10,018 Treasury currency outstanding 20,833 + 10 + 662 20,833 Total factors supplying reserve funds 338,282 + 4,552 •f 13,578 349,111 Currency in circulation* 295,139 + 1,712 + 22,046 295,982 Treasury cash holdings* 605 3 «• 70 605 Deposits, other than reserve balances, with F.R. Banks Treasury 6,260 + 1,064 + 891 6,390 Foreign 283 + 38 + 3 207 Service-related balances and adjustments3 3,416 + 118 + 1,463 3,416 Gther 222 + 1 7 239 Other F.R. liabilities and capital 8,685 + 531 1,654 8,588 Total factors, other than reserve balances, absorbing reserve funds 314,610 + 3,460 + 22,813 315,428 Reserve balances with F.R. Banks4 23,672 + 1,092 9,235 33,683 On September 4, 1991, marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 249,111 million, a change of - $ 2,552 million for the week. 1 Net of $ 6,504 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 6,504 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. government securities. 2 Net of $ 6,368 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 6,368 million was with foreign official and international accounts. Includes $ 21 million securities loaned-fully secured U.S. government securities. 3 Consists of required clearing balances of $ 3,169 million and adjustments of $ 247 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 Hednesday Hednesday Hednesday Sep 4, 1991 Aug 28, 1991 Sep 5, 1990 ASSETS Gold certificate account 11,062 0 2 Special drawing rights certificate account 10,018 0 1,500 Coin 544 15 64 Loans 668 39 1,866 Acceptances 0 0 0 Federal agency obligations Bought outright 6,159 0 218 Held under repurchase agreements1 608 608 1,185 U.S. government securities Benight outright--Bills 126,312 2,403 15,518 Notes 97,522 0 5,940 Bonds 31,613 0 650 Total bought outright2 255,447 2,403 22,108 Held under repurchase agreements1 11,383 11,383 4,320 Total U.S. government securities 266,830 13,787 26,428 Total loans and securities 274,285 14,355 23,160 Items in process of collection (459) 8,594 3,871 814 Bank premises 950 0 114 Other assets3 30,914 901 8,775 TOTAL ASSETS (459) 336,367 19,112 15,245 LIABILITIES Federal Reserve notes 276,297 2,060 21,137 Deposits Depository institutions 37,537 12,143 1,022 U.S. Treasury--general account 6,390 1,632 1,848 Foreign--official accounts 207 94 21 Other 239 6 1 Total deposits 44 ,374 • 13,687 2,892 Deterred availability cash items (459) 7 ,108 • 2,783 1,108 Other liabilities and accrued dividends* 3 >008 + 541 1,250 TOTAL LIABILITIES (459) 330,786 19,070 15,886 CAPITAL ACCOUNTS Capital paid in 2,570 1 176 Surplus 2,423 0 180 Other capital accounts 587 40 997 * 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 $ 6,368 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 21 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 $ 68 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, SEPTEMBER 4, 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 Heekly Heekly Holdings Holdings changers changes Hi thin 15 days 475 0 HHiitthhiinn 1155 ddaayyss 18,491 + 5,261 656 + 328 16 days to 90 days 213 0 1166 ddaayyss ttoo 9900 ddaayyss 62,112 + 2,991 938 + 278 Over 90 days 0 0 9911 ddaayyss ttoo 11 yyeeaarr 87,621 + 5,774 1,428 + 27 OOvveerr 11 yyeeaarr ttoo 55 yyeeaarrss 60,609 240 2,528 25 OOvveerr 55 yyeeaarrss ttoo 1100 yyeeaarrss 13,820 0 1,029 0 OOvveerr 1100 yyeeaarrss 24,178 0 188 0 Total 688 0 TToottaall 266,830 • 13,787 6,767 + 608 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 SEPTEMBER 4, 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 544 34 18 40 29 103 48 51 35 11 35 45 92 Loans 688 6 0 2 3 1 400 14 119 102 25 3 14 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 608 0 608 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright--Bills 126,312 8,551 49,780 3,338 7,903 9,991 4,224 15,872 3,345 1,633 3,501 4,956 13,217 Notes 97,522 6,602 38,433 2,577 6,102 7,714 3,262 12,254 2,583 1,261 2,703 3,826 10,205 Bonds 31,613 2,140 12,459 835 1,978 2,501 1,057 3,972 837 409 876 1,240 3,308 Total bought outright2 255,447 17,294 100,672 6,750 15,983 20,206 8,543 32,099 6,765 3,302 7,080 10,023 26,730 Held under repurchase agreements1 11,383 0 11,383 0 0 0 0 0 0 0 0 0 0 Total U.S. govt, securities 266,830 17,294 112,055 66,,775500 1155,,998833 2200,,220066 88,,554433 3322,,009999 66,,776655 33,,330022 77,,008800 1100,,002233 26,730 Total loans and securities 274,285 17,716 115,090 66,,991144 1166,,337722 2200,,669944 99,,114499 3322,,888866 77,,004477 33,,448844 77,,227777 1100,,226677 27,389 Items in process of collection 9,054 527 1,260 422 490 773 975 849 327 532 580 753 1,566 Bank premises 950 89 114 44 34 122 57 112 28 32 53 117 146 Other assets3 30,914 1,319 9,396 1,349 1,661 1,921 2,803 3,798 793 803 1,111 2,152 3,810 Interdistrict settlement account 0 •1,686 -3,065 +1,832 •1,458 • 927 -2,895 -1,926 -741 -957 -155 -2,426 •6,262 TOTAL ASSETS 336,826 22,830 130,126 11,238 21,381 26,448 10,920 38,475 8,124 4,249 9,606 11,885 41,543 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 $ 6,368 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 21 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 $ 68 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 SEPTEMBER 4, 1991 Millions of dollars Kansas San Total Boston New York Pt-'ladelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 276,297 20,164 109,200 8,939 18,997 22,147 6,262 33,606 6,667 2,637 7,566 8,557 31,554 Deposits Depository institutions 37,537 1,769 10,405 1,691 1,586 2,996 3,283 3,082 1,000 909 1,193 2,162 7,461 U.S. Treasury—general account 6,390 0 6,390 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 207 6 99 7 8 9 15 19 4 4 6 11 20 Other 239 1 93 1 1 64 1 70 0 5 2 0 1 Total deposits 44,374 1,776 16,987 1,699 1,594 3,069 3,300 3,170 1,005 917 1,201 2,174 7,482 Deferred credit items 7,567 486 976 296 295 645 739 672 239 511 551 649 1,506 Other liabilities and accrued dividends1 3,008 186 1,325 76 168 222 96 347 72 38 79 108 290 TOTAL LIABILITIES 331,246 22,612 128,488 11,010 21,055 26,082 10,398 37,796 7,983 4,104 9,397 11,489 40,832 CAPITAL ACCOUNTS Capital paid in 2,570 96 737 102 150 167 252 314 65 69 99 188 331 Surplus 2,423 97 667 115 125 148 246 300 64 69 93 185 315 Other capital accounts 587 25 234 11 50 51 25 66 12 7_ 17 24 65 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 336,826 22,830 130,126 11,238 21,381 26,448 10,920 38,475 8,124 4,249 9,606 11,885 41,543 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 354,331 24,767 133,050 11,263 22,086 30,390 13,375 39,098 9,529 4,037 10,117 12,448 44,171 Less—Held by F.R. Banks 78,034 4,603 23,849 2,325 3,089 8,243 7,113 5,492 2,861 1,399 2,551 3,891 12,618 F.R. notes, net 276,297 20,164 109,200 8,939 18,997 22,147 6,262 33,606 6,667 2,637 7,566 8,557 31,554 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 255,217 Total collateral 276,297 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