H.4.1 Factors Affecting Reserve Balances of Depository Institutions

•\^SJ& 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 26, 1991 Millions of dollars Averages o f daily fig ures RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt Heek ended Change frofr week ended Nednesday FF..RR.. BBaannkkss,, RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss Sep 25, 1991 Sep 18, 1991 Sep 26, 1990 Sep 25, 1991 Reserve Bank credit1 2 296,048 - 3,825 + 12,287 294,787 U.S. government securities Bought outright—system account 256,812 - 307 + 22,598 256,361 Held under repurchase agreements 873 - 2,688 - 141 0 Federal agency obligations Bought outright 6,154 0 - 223 6,154 Held under repurchase agreements 95 - 121 - 224 0 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 39 - 3 - 34 52 Seasonal credit 301 + 31 - 138 302 Extended credit 81 - 469 + 73 0 Float 579 - 46 + 259 781 Other F.R. assets 31,113 - 223 - 9,883 31,136 Gold stock 11,062 0 - 1 11,062 Special drawing rights certificate account 10,018 0 + 1,500 10,018 Treasury currency outstanding 20,875 + 14 + 665 20,875 Total factors supplying reserve funds 338,003 - 3,811 _ 14,451 336,742 Currency in circulation* 293,695 - 1,285 + 21,785 293,420 Treasury cash holdings* 607 - 3 + 89 607 Deposits, other than reserve balances, with F.R. Banks Treasury 9,908 * 1,587 + 3,241 5,324 Foreign 217 - 51 + 10 243 Service-related balances and adjustments3 3,382 + 126 + 1,179 3,381 Other 245 - 4 - 50 285 Other F.R. liabilities and capital 8,534 - 103 - 776 8,289 Total factors, other than reserve balances, absorbing reserve funds 316,588 + 267 .f. 25,478 311,549 Reserve balances with F.R. Banks4 21,415 - 4,078 - 11,027 25,193 On September 25, 1991, marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 251,994 million, a change of + $ 345 million for the week. 1 Net of $ 6,047 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 6,047 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. government securities. 2 Net of $ 6,498 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 6,498 million was with foreign official and international accounts. Includes $ 124 million securities loaned-fully secured U.S. government securities. 3 Consists of required clearing balances of $ 3,186 million and adjustments of $ 196 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 ** HHeeddnneessddaayy Nednesday Nednesday Sep 25, 1991 Sep 18, 1991 Sep 26, 1990 ASSETS Gold certificate account 11,062 0 - 1 Special drawing rights certificate account 10,018 0 + 1,500 Coin 573 + 9 + 50 Loans 355 - 662 - 147 Acceptances 0 0 0 Federal agency obligations Bought outright 6,154 0 - 223 Held under repurchase agreements1 0 - 816 - 564 U.S. government securities Bought outright—Bills 126,377 + 187 4- 15,067 Notes 98,372 + 25 f 6,790 Bonds 31,613 0 + 650 Total bought outright2 256,361 + 212 + 22,507 Held under repurchase agreements1 000 -- 1155,,111166 - 2,720 Total U.S. government securities 222555666,,,333666111 1144,,990044 ++ 19,787 Total loans and securities 222666222,,,888777000 - 16,382 ++ 18,853 Items in process of collection (403) 4,993 - 1,232 - 216 Bank premises 954 0 + 110 Other assets3 30,744 - 336 - 9,533 TOTAL ASSETS (403) 321,214 - 17,941 + 10,763 LIABILITIES Federal Reserve notes 273,726 - 1,097 + 21,044 Deposits Depository institutions 28,999 - 8,767 - 8,766 U.S. Treasury—general account 5,324 - 7,450 - 78 Foreign--official accounts 243 •f 13 + 45 Other 2S5 + 26 - 83 Total deposits 34,851 - 16,178 - 8,882 Deferred availability cash items (403) 4,348 - 576 - 561 Other liabilities and accrued dividends* 22,,774400 2244 - 1,185 TOTAL LIABILITIES ((440033)) 331155,,666655 —— 1177,,887755 + 10,417 CAPITAL ACCOUNTS Capital paid in 2,565 - 15 + 167 Surplus 2,423 0 + 180 Other capital accounts 561 - 51 0 * 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 $ 6,498 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 124 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 $ 70 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 25, 1991 Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum r irnty of the agreements. yi:M'ons of dollars U.S. gove rnmen t Federal agency securities obligations LLooaannss AAcccceeppttaanncceess Heekly Weekly Holdings Holdings changes changes Hi thin 15 days 288 0 HHiitthhiinn 1155 ddaayyss 9,850 14,850 228833 774 It days to 90 days 67 0 1166 ddaayyss ttoo 9900 ddaayyss 62,531 + 2,734 662244 103 Over 90 days 0 0 9911 ddaayyss ttoo 11 yyeeaarr 84,725 2,813 11,,552244 + 46 OOvveerr 11 yyeeaarr ttoo 55 yyeeaarrss 61,259 + 25 22,,448855 4 17 OOvveerr 55 yyeeaarrss ttoo 1100 yyeeaarrss 13,820 0 11,,005500 2 OOvveerr 1100 yyeeaarrss 24,178 0 118888 0 Total 355 0 TToottaall 256,361 14,904 66,,115544 816 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 25, 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 572 36 17 41 31 106 54 54 36 12 35 51 99 Loans 355 17 0 3 0 3 14 25 111 105 48 4 25 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 0 0 0 0 0 0 0 0 0 0 0 0 0 U,S. government securities Bought outright—Bills 126,377 8,556 49,805 3,339 7,907 9,996 4,227 15,880 3,347 1,634 3,503 4,958 13,224 Notes 98,372 6,660 38,768 2,599 6,155 7,781 3,290 12,361 2,605 1,272 2,727 3,860 10,294 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 256,361 17,355 101,032 6,774 16,041 20,278 8,574 32,214 6,790 3,314 7,106 10,058 26,326 Held under repurchase agreements1 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt, securities 256,361 17,355 101,032 6,774 16,041 20,278 8,574 32,214 6,790 3,314 7,106 10,058 . 26,826 Total loans and securities 262,870 17,789 103,457 6,940 16,426 20,768 8,793 33,012 7,064 3,499 7,324 10,304 * 27,495 Items in process of collection 5,396 329 648 326 296 387 556 462 177 302 335 560 1,017 Bank premises 954 89 114 44 34 122 57 112 28 32 53 120 146 Other assets3 30,744 1,345 9,099 1,352 1,680 1,947 2,797 3,839 799 800 1,113 2,137 3,836 Interdistrict settlement account 0 +318 +1,465 +2,746 +1,643 +1,633 -2,623 +1,295 -1,428 -1,433 -867 -3,732 + 984 TOTAL ASSETS 321,617 21,364 122,112 12,086 21,448 26,873 10,416 41,479 7,312 3,555 8,697 10,418 35,856 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 $ 6,498 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 124 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 $ 70 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 25, 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 273,726 19,670 105,217 10,349 19,390 23,636 6,252 37,376 6,213 2,389 7,279 7,938 28,014 Deposits Depository institutions 28,999 991 7,930 1,183 1,386 2,227 3,050 2,617 742 665 812 1,472 5,925 U.S. Treasury—general account 5,324 0 5,324 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 243 6 134 7 8 9 15 19 4 4 6 11 20 Other 285 1 138 1 2 59 1 72 0 4 3 1 1 Total deposits 34,851 998 13,526 1,191 1,396 2,296 3,067 2,708 746 673 820 1,485 5,946 Deferred credit items 4,751 302 581 246 177 364 498 393 145 313 316 493 923 Other liabilities and accrued dividends1 2,740 171 1,154 72 158 213 93 328 68 36 74 106 267 TOTAL LIABILITIES 316,067 21,140 120,478 11,858 21,121 26,508 9,910 40,804 7,172 3,412 8,490 10,023 35,151 CAPITAL ACCOUNTS Capital paid in 2,565 99 739 102 152 167 238 314 65 69 99 190 332 Surplus 2,423 97 667 115 125 148 246 300 64 69 93 185 315 Other capital accounts 561 27 229 11 49 49 23 61^ 11^ 6^ 16^ 20^ 58 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 321,617 21,364 122,112 12,086 21,448 26,873 10,416 41,479 7,312 3,555 8,697 10,418 35,856 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 364,214 24,783 133,437 13,053 23,007 32,475 14,310 44,011 9,592 4,161 9,989 12,283 43,112 Less—Held by F.R. Banks 90,488 5,113 28,220 2,704 3,616 8,838 8,058 6,635 3,379 1,772 2,710 4,345 15,098 F.R. notes, net 273,726 19,670 105,217 10,349 19,390 23,636 6,252 37,376 6,213 2,389 7,279 7,938 28,014 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 252,645 Total collateral 273,726 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