H.4.1 Factors Affecting Reserve Balances of Depository Institutions

lo^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 September 22, 1991 Millions of dollars Averages of daily figures RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt Heek ended Change from week Bnded Nednesday FF..RR.. BBaannkkss,, RReesseerrvvee BBaannkk ccrreeddiitt?? aanndd rreellaatteedd iitteemmss Sep 11, 1991 Sep 4> 1991 Sep DE7~1990 Sep 11, 1991 Reserve Bank credit1 2 296>859 • 523 • 9,427 294,777 U.S. government securities Bought outright—system account 255,689 + 634 + 22,756 254,881 Held under repurchase agreements 1,953 - 657 - 2,490 1,013 Federal agency obligations Bought outright 6,157 - 2 - 220 6,154 Held under repurchase agreements 427 + 296 - 809 242 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 84 0 + 55 124 Seasonal credit 268 - 35 - 131 253 Extended credit 441 - 2 + 437 405 Float 750 + 564 - 728 560 Other F.R. assets 31,091 - 275 - 9,444 31,145 Gold stock 11,062 0 - 2 11,062 Special drawing rights certificate account 10,018 0 + 1,500 10,018 Treasury currency outstanding 20,847 _ 14 + 663 20,847 Total factors supplying reserve funds 338,786 537 11,588 336,704 Currency in circulation* 295,857 + 717 + 21,773 295,498 Treasury cash holdings* 606 • 1 + 77 611 Deposits, other than reserve balances, with F.R. Banks Treasury 5,809 - 451 + 1,119 5,056 Foreign 244 - 39 - 8 231 Service-related balances and adjustments3 3,289 - 127 + 1,264 3,289 Other 231 + 9 - 14 224 Other F.R. liabilities and capital *" 8,681 - 4 - 1,863 8,439 Total factors, other than reserve balances, absorbing reserve funds 314,716 + 106 + 22,348 313,348 Reserve balances with F.R. Banks4 24,070 + 431 - 10,760 23,356 On September 11,1991, marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 251,842 million, a change of + $ 2,731 million for the week. 1 Net of $ 6,180 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 6,180 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. government securities. 2 Net of $ 7,124 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $^ 7,124 million was with foreign official and international accounts. Includes $ 217 million securities loaned-fully secured U.S. government securities. 3 Consists of required clearing balances of $ 3,193 million and adjustments of $ 96 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 Sep 11, 1991 Sep 4, 1991 Sep 12, 1990 ASSETS Gold certificate account 11,062 0 2 Special drawing rights certificate account 10,018 0 1,500 Coin 552 9 60 Loans 782 95 344 Acceptances 0 0 0 Federal agency obligations Bought outright 6,154 5 223 Held under repurchase agreements1 242 366 1,182 U.S. government securities Bought outright—Bills 125,572 741 16,599 Notes 97,697 175 6,115 Bonds 31,615 0 650 Total bought outright2 254,881 566 23,364 Held under repurchase agreements1 1,013 10,370 2,039 Total U.S. government securities 255,894 10,936 21,325 Total loans and securities 263,072 11,212 20,265 Items in process of collection (419) 5,178 3,416 1,075 Bank premises 951 1 112 Other assets3 30,721 193 9,070 TOTAL ASSETS (419) 321,555 14,812 11,790 LIABILITIES Federal Reserve notes 275,815 482 21,168 Depos i ts Depository institutions 27,103 10,434 8,082 U.S. Treasury—general account 5,056 1,334 330 Foreign—official accounts 231 24 30 Other 224 15 10 Total deposits 32 ,614 - 11,759 7,732 Deferred availability cash items (419) 4 ,687 - 2,421 661 Other liabilities and accrued dividends4 2 ,886 - 122 1,312 TOTAL LIABILITIES (419) 316,001 14,785 11,463 CAPITAL ACCOUNTS Capital paid in 2,574 3 179 Surplus 2,423 0 180 Other capital accounts 557 30 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 $ 7,124 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 217 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 $ 64 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 11, 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 620 0 WWiitthhiinn 1155 ddaayyss 8,767 9,725 61 5< 16 days to 90 days 162 0 1166 ddaayyss ttoo 9900 ddaayyss 61,011 1,100 907 Over 90 days 0 0 9911 ddaayyss ttoo 11 yyeeaarr 8>>335 286 1,478 OOvveerr 11 yyeeaarr ttoo 55 yyeeaarrss 60,784 + 175 2,468 i OOvveerr 55 yyeeaarrss ttoo 1100 yyeeaarrss 13,820 0 1,052 + i OOvveerr 1100 yyeeaarrss 24,178 0 188 Total 782 0 TToottaall 255,894 10,936 6,154 63 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 11, 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 552 34 18 41 29 104 49 53 36 11 35 48 94 Loans 782 1 0 4 3 0 530 12 108 88 27 3 5 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Federal agency obligations Bought outright 6,154 417 2,425 163 385 487 206 773 163 80 171 241 644 Held under repurchase agreements1 242 0 242 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright—Bills 125,572 8,501 49,488 3,318 7,857 9,933 4,200 15,779 3,326 1,623 3,481 4,927 13,140 Notes 97,697 6,614 38,502 2,581 6,113 7,728 3,267 12,276 2,587 1,263 2,708 3,833 10,223 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 254,881~ 17,255 100,449 6,735 15,948 20,161 8,524 32,028 6,750 3,295 7,065 10,000 26,671 Held under repurchase agreements1 1,013 0 1,013 0 0 0 0 0 0 0 0 0 0 Total U.S. govt, securities 255,894 17,255" 101,462 6,735 15,948 20,161 8,524 32,028 6,750 3,295 7,065 10,000 26,671 Total loans and securities 263,072 17,673 104,129 6,901 16,336 20,648 9,261 32,813 7,021 3,462 7,263 10,245 27,320 Items in process of collection 5,597 386 664 325 243 481 571 466 187 336 358 499 1,081 Bank premises 951 89 114 44 34 122 57 112 28 32 54 117 146 Other assets3 30,721 1,336 9,046 1,359 1,676 1,937 2,819 3,826 803 811 1,119 2,156 3,834 Interdistrict settlement account 0 +1,062 +2,065 +2,328 +1,135 +1,545 -3,917 -1,747 -878 -1,153 -626 -3,251 +3,437 TOTAL ASSETS 321,973 22,038 123,348 11,636 20,790 26,746 9,621 38,230 7,833 3,842 8,906 10,793 38,191 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 $ 7,124 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 217 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 $ 64 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 11, 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 275,815 20,039 107,811 9,894 19,064 23,491 5,685 34,399 6,621 2,533 7,528 8,390 30,360 Deposits Depository institutions 27,103 1,269 6,806 1,156 1,037 2,187 2,787 2,316 845 770 742 1,413 Sy77B U.S. Treasury—general account 5,056 0 5,056 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 231 ! 6 122 7 8 9 15 19 4 4 6 11 20 Other 224 ! i 83 0 0 63 2 66 0 4 2_ 0 1 Total deposits 32,614 1,276 12,067 1,164 1,045 2,260 2,804 2,400 850 778 750 1,425 5,796 Deferred credit items 5,105 324 612 275 189 412 514 412 150 350 342 477 1,048 Other liabilities and accrued dividends1 2,886 181 1,231 76 166 219 97 342 71 37 78 108 281 TOTAL LIABILITIES 316,420 21,820 121,721 11,408 20,465 26,381 9,100 37,553 7,692 3,698 8,698 ' 10,400 37,485 CAPITAL ACCOUNTS Capital paid in 2,574 96 737 102 150 167 253 314 65 69 99 190 331 Surplus 2,423 97 667 115 125 148 246 300 64 69 93 185 315 Other capital accounts 557 25 223 11 50 50 23 63 12 6_ 17 19 59 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 321,973 22,038 123,348 11,636 20,790 26,746 9,621 38,230 7,833 3,842 8,906 10,793 38,191 FEDERAL RESERVE AGENTS* ACCOUNTS F.R. notes outstanding 357,440 24,787 132,978 12,325 22,286 31,832 13,140 40,092 9,524 4,080 10,078 12,352 43,964 Less—Held by F.R. Banks 81,625 4,748 25,167 2,431 3,222 8,341 7,455 5,693 2,903 1,547 2,551 3,963 13,604 F.R. notes> net 275,815 20,039 107,811 9,894 19,064 23,491 5,685 34,399 6,621 2,533 7,528 8,390 30,360 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 1 254,734 1 Total collateral | 275,815 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