H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE statistical release : f^ ^ ^ -' H.4.1. November 21, 1991 N O T I CE Because of the Thanksgiving holiday on Thursday, November 28, 1991, the H.4.1. statistical release "Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks" will not be published on that day. It will be published instead on Friday, November 29, 1991. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

'oOfCOwV 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. *4L R£f H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks November 21, 1991 Millions of dollars Averages oi daily figures RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt Week ended Change from week ended Wednesday FF..RR.. BBaannkkss,, RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss Nov 20, 1991 Nov 13, 1991 Nov 21, 1990 Nov 20, 1991 Reserve Bank credit1 2 299,791 - 2,559 + 11,962 298,451 U.S. government securities Bought outright—system account 262,465 + 1,904 + 24,143 261,324 Held under repurchase agreements 0 - 2,720 - 3,719 0 Federal agency obligations Bought outright 6,140 - 1 - 203 6,140 Held under repurchase agreements 0 - 44 - 146 0 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 14 + 4 + 7 13 Seasonal credit 91 - 1 - 56 83 Extended credit 1 - 2 - 23 1 Float 638 + 136 + 273 677 Other F.R. assets 30,442 - 1,836 - 8,316 30,214 Gold stock 11,059 0 - 1 11,058 Special drawing rights certificate account 10,018 0 0 10,018 Treasury currency outstanding 20,987 + 14 + 662 20,987 Total factors supplying reserve funds 341,855 - 2,545 _ 12,623 340,515 Currency in circulation* 299,308 + 257 + 20,386 299,323 Treasury cash holdings* 633 + 1 + 78 637 Deposits, other than reserve balances, with F.R. Banks Treasury 5,596 - 236 + 220 5,377 Foreign 189 + 11 - 40 18S Service-related balances and adjustments3 3,765 - 2 + 1,826 3,764 Other 228 + 20 - 26 211 Other F.R. liabilities and capital 8,432 - 1 - 581 8,237 Total factors, other than reserve balances, absorbing reserve funds 318,151 + 50 + 21,863 317,734 Reserve balances with F.R. Banks4 23,704 - 2,595 - 9,239 22,781 On November 20, 1991, marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 256,282 million, a change of + $ 5,761 million for the week. 1 Net of $ 4,689 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 4,689 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. government securities. 2 Net of $ 6,120 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 6,120 million was with foreign official and international accounts. Includes $ 171 million securities loaned-fully secured U.S. government securities. 3 Consists of required clearing balances of $ 3,522 million and adjustments of $ 242 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 ** WWeeddnneessddaayy Wednesday ' Wednesday Nov 20, 1991 Nov 13, 1991 Nov 21, 1990 3 ASSETS Gold certificate account 11,058 0 - 1 Special drawing rights certificate account 10,018 0 0 Coin 567 - 2 + 20 - - Loans 97 24 71 Acceptances 0 0 0 Federal agency obligations Bought outright 6,140 0 - 203 Held under repurchase agreements1 0 - 108 - 91 U.S. government securities Bought outright—Bills 130,489 - 2,091 + 14,776 Notes 99,072 + 250 + 7,690 Bonds 31,763 + 150 + 600 Total bought outright2 261,324 - 1,691 • 23,066 Held under repurchase agreements1 0 - 9,100 - 2,519 Total U.S. government securities 261,324 - 10,791 + ;:o,547 Total loans and securities 267,561 - 10,923 + ;;:o,i82 Items in process of collection (453) 6,048 .- 3,723 + 16 Bank premises 970 + 1 + 110 Other assets3 29,798 - 2,728 - 8,245 TOTAL ASSETS (453) 326,021 - 17,375 + L2,081 LIABILITIES Federal Reserve notes 279,539 - 336 + 18,771 Deposits Depository institutions 27,426 - 15,135 - 7,517 U.S. Treasury—general account 5,377 + 1,099 + 2,105 Foreign—official accounts 185 - 6 - 30 Other 211 - 2 + 1 Total deposits 33,199 ; 14,044 - 5,441 Deferred availability cash items (453) 5,045 j 2,794 - 653 Other liabilities and accrued dividends4 2,584 j 205 - 1,003 TOTAL LIABILITIES (453) 320,367 - 17,378 + 11,673 CAPITAL ACCOUNTS Capital paid in i 2,633 + 1 1 + 226 Surplus i 2,423 0 1 + 180 Other capital accounts 598 + 3 I + 2 1 * 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 Met of $ 6,120 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 171 million securities loaned-fuliy 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, NOVEMBER 20, 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 86 0 WWiitthhiinn 1155 ddaayyss 1144,,222266 + 1,495 3388KK + 278 16 days to 90 days 12 0 1166 ddaayyss ttoo 9900 ddaayyss 6622,,999966 1,264 448844 278 Over 90 days 0 0 9911 ddaayyss ttoo 11 yyeeaarr 8855,,110044 871 11,,4422::>> 0 OOvveerr 11 yyeeaarr ttoo 55 yyeeaarrss 6600,,774444 995 22,,6666 >> 0 OOvveerr 55 yyeeaarrss ttoo 1100 yyeeaarrss 1144,,008899 52 11,,000000 0 OOvveerr 1100 yyeeaarrss 2244,,116655 13 11881155 0 Total 97 0 TToottaall 226611,,332244 1,700 66,,114400 0 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 NOVEMBER 20, 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 11,058 747 3,913 318 692 948 479 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 567 36 22 38 30 104 54 55 31 14 34 46 103 Loans 97 0 0 5 0 0 4 4 26 26 27 0 4 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Federal agency obligations Bought outright 6,140 416 2,420 162 384 486 205 771 163 79 170 241 642 Held under repurchase agreements1 0 0 0 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright—Bills 130,489 8,834 51,426 3,448 8,165 10,322 4,364 16,397 3,456 1,687 3,617 5,120 13,654 Notes 99,072 6,707 39,044 2,618 6,199 7,837 3,313 12,449 2,624 1,281 2,746 3,887 10,367 Bonds 31,763 2,150 12,518 839 1,987 2,512 1,062 3,991 841 411 880 1,246 3,324 Total bought outright2 261,324 17,691 102,988 6,905 16,351 20,671 8,740 32,837 6,921 3,378 7,243 10,253 27,345 Held under repurchase agreements1 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt, securities 261,324 17,691 102,988 6,905 16,351 20,671 8,740 32,837 6,921 3,378 7,243 10,253 27,345 Total loans and securities 267,561 18,107 105,407 7,072 16,735 21,156 8,950 33,613 7,110 3,484 7,441 10,494 27,992 Items in process of collection 6,501 372 743 516 291 643 679 573 253 378 351 596 1,105 Bank premises 970 89 121 44 34 122 57 112 28 32 53 130 147 Other assets3 29,798 1,275 8,690 1,333 1,617 1,871 2,788 3,711 782 791 1,090 2,110 3,740 Interdistrict settlement account 0 -367 -7,887 +2,659 +1,587 +643 +1,289 + 913 -1,748 +2,763 -1,630 +865 +914 TOTAL ASSETS 326,474 20,970 114,405 12,298 21,631 26,450 14,599 41,683 7,092 7,805 8,043 15,220 36,278 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 $ 6,120 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 171 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 NOVEMBER 20, 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 279,539 19,010 99,392 10,437 19,725 22,972 10,370 37,379 5,895 6,653 6,572 12,137 28,997 Deposits Depository institutions 27,426 1,248 6,046 1,242 1,214 2,432 3,063 2,730 829 578 847 1,975 5,223 U.S. Treasury—general account 5,377 0 5,377 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 185 6 76 7 8 9 15 19 4 4 6 11 20 Other 211 1 86 2 2 41 1 66 0 4 2 1 5 Total deposits 33,199 1,255 11,585 1,252 1,224 2,482 3,079 2,814 833 586 855 1,988 5,247 Deferred credit items 5,497 322 658 312 199 430 565 501 160 388 336 555 1,070 Other liabilities and accrued dividends1 2,584 163 1,079 69 151 197 89 308 64 34 71 102 257 TOTAL LIABILITIES 320,820 20,750 112,714 12,070 21,299 26,081 14,104 41,002 6,952 7,662 7,834 14,782 35,571 CAPITAL ACCOUNTS Capital paid in 2,633 98 769 103 155 170 241 317 65 70 99 212 334 Surplus 2,423 97 667 115 125 148 246 300 64 69 93 185 315 Other capital accounts 598 25 255 10 52 51 9^ 64 11 5^ 17 41 58 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 326,474 20,970 114,405 12,298 21,631 26,450 14,599 41,683 7,092 7,805 8,043 15,220 36,278 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 370,822 24,207 130,076 13,077 23,157 32,038 17,797 43,121 9,144 8,464 9,603 16,756 43,381 Less—Held by F.R. Banks 91,283 5,197 30,684 2,640 3,433 9,066 7,427 5,742 3,249 1,810 3,031 4,619 14,384 F.R. notes, net 279,539 19,010 99,392 10,437 19,725 22,972 10,370 37,379 5,895 6,653 6,572 12,137 28,997 Collateral held against F.R. notes Gold certificate account 11,058 Special drawing rights certificate account 10,018 Other eligible assets 0 U.S. govt, and agency securities 258,463 Total collateral 279,539 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

Board of Governors of the POSTAGE AND FEES PAID Federal Reserve System Board of Governor* of the Ftdcrai R«*rvt System Washington, D.C. 20551 622 OFFICIAL IUSINISS fowl!? for Prwtt Vm S300 First Class Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis