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. H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks December 5, 1991 Millions of dollars Averacj es of daily f:g ures RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt Week ended Change froir week ended Wednesday FF..RR.. BBaannkkss>> RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss Dec 4, 1991 Nov 27, 1991 Dec 5, 1990 Dec 4, 1991 Reserve Bank credit1 2 306,899 + 5,997 + 15,036 307,521 U.S. government securities Bought outright—system account 265,579 + 3,269 • 23,756 | 266,988 Held under repurchase agreements 1,713 • 363 668 807 Federal agency obligations Bought outright 6,090 - 29 253 6,090 Held under repurchase agreements 9 - 13 333 10 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 33 + 12 + 18 7 Seasonal credit 46 - 31 52 40 Extended credit 1 0 23 2 Float 1,220 • 582 160 1,088 Other F.R. assets 32,208 + 1,843 7,250 32,490 Gold stock 11,058 0 1 11,058 Special drawing rights certificate account 10,018 0 0 10,018 Treasury currency outstanding 20,996 • 14 + 647 20,996 Total factors supplying reserve funds 348,971 + 6,011 + 15,682 349,593 Currency in circulation* 302,195 • 2,514 + 22,340 303,180 Treasury cash holdings* 635 - 1 j + 87 633 Deposits, other than reserve balances, with F.R. Banks Treasury 5,921 • 640 • 270 3,430 Foreign 302 • 97 + 56 203 Service-related balances and adjustments3 4,032 + 365 + 2,087 4,032 Other 221 + 3 1 208 Other F.R. liabilities and capital 9,927 + 1,291 + 439 9,949 Total factors, other than reserve balances. absorbing reserve funds 323,232 • 4,907 + 25,278 j 321,634 Reserve balances with F.R. Banks4 25,738 • 1,104 9,596 27,959 On December 4, 1991, marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 259,114 million, a change of + $ 2,852 million for the week. 1 Net of $ 5,640 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 5,640 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. government securities. 2 Net of $ 4,852 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4,852 million was with foreign official and international accounts. Includes $ 62 million securities loaned-fully secured U.S. government securities. 3 Consists of required clearing balances of $ 3,797 million and adjustments of $ 236 miilion 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 Dec 4, 1991 Nov 27, 1991 Dec 5, 1990 ASSETS Gold certificate account 11,058 0 D Special drawing rights certificate account 10,018 0 0 Coin 549 - 11 • 17 - - Loans 49 42 81 Acceptances 0 0 0 Federal agency obligations Bought outright 6,090 0 - 253 Held under repurchase agreements1 10 + 5 - 366 U.S. government securities Bought outright—Bills 133,436 • 1,743 + 14,966 Notes 101,220 + 1,748 + 9,513 Bonds 32,331 4 568 + 1,168 Total bought outright2 266,988 • 4,060 + 25,64 7 Held under repurchase agreements1 807 - 820 - 1,199 Total U.S. government securities 267,795 + 3,240 • 24,448 Total loans and securities 273,943 + 3,203 • 23,749 _ Items in process of collection (478) 6,487 + 689 597 Bank premises 976 + 3 • 115 Other assets3 31,548 • 1,829 - 7,1£1 TOTAL ASSETS (478) 334,579 • 5,714 • 16,123 LIABILITIES Federal Reserve notes 283,366 • 1,728 • 22,179 Deposits Depository institutions 32,312 + 4,304 - 3,403 U.S. Treasury—general account 3,430 - 1,674 - 2,4*19 Foreign—official accounts 203 - 98 - 14 Other (-5) 208 - 1 - 6 Total deposits (-5) 36,152 + 2,532 - 5,872 Deferred availability cash items (482) 5,112 + 24 - 846 Other liabilities and accrued dividends4 22,,887777 2200 - 802 TOTAL LIABILITIES ((447788)) 332277,,550088 ~~44,,330044 • 14,659 CAPITAL ACCOUNTS Capital paid in 2,645 0 • 256 Surplus 2,423 0 • 180 Other capital accounts 2,003 + 1,410 • 1,0 !>8 * 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 $ 1,332 million was outstanding at the end of the latest statement week. 2 Net of $ 4,852 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 62 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 $ 40 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, DECEMBER 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 Weekly Weekly Holdings Holdings changes changes Within 15 days 18 0 WWiitthhiinn 1155 ddaayyss 1133,,774455 • 1,545 40 273 16 days to 90 days 32 0 1166 ddaayyss ttoo 9900 ddaayyss 6633,,002200 1,131 848 • 283 OVer 90 days 0 0 9911 ddaayyss ttoo 11 yyeeaarr 8888,,774422 65 1,445 • 15 OOVVeerr 11 yyeeaarr ttoo 55 yyeeaarrss 6633,,227788 + 2,134 2,588 20 OOVVeerr 55 yyeeaarrss ttoo 1100 yyeeaarrss 1144,,446699 + 380 990 0 OOVVeerr 1100 yyeeaarrss 2244,,554400 + 375 188 0 Total 49 0 TToottaall 226677,,779955 • 3,240 6,100 • 5 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 DECEMBER 4, 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 549 36 20 38 29 102 50 51 30 14 33 44 103 Loans 49 0 0 4 0 0 2 2 10 12 15 0 4 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Federal agency obligations Bought outright 6,090 412 2,400 161 381 482 204 765 161 79 169 239 637 Held under repurchase agreements1 10 0 10 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright—Bills 133,436 9,034 52,587 3,526 8,349 10,555 4,463 16,767 3,534 1,725 3,699 5,235 13,963 Notes 101,220 6,853 39,891 2,675 6,333 8,006 3,385 12,719 2,681 1,309 2,806 3,971 10,592 Bonds 32,331 2,189 12,742 854 2,023 2,557 1,081 4,063 856 418 896 1,269 3,383 Total bought outright2 266,988 18,075 105,220 7,055 16,705 21,119 8,929 33,549 7,071 3,452 7,400 10,475 27,938 Held under repurchase agreements1 807 0 807 0 0 0 0 0 0 0 0 0 0 Total U.S. govt, securities 267,795 18,075 106,027 7,055 16,705 21,119 8,929 33,549 7,071 3,452 7,400 10,475 27,938 Total loans and securities 273,943 18,488 108,437 7,219 17,087 21,600 9,134 34,316 7,243 3,543 7,584 10,714 28,579 Items in process of collection 6,964 652 782 705 227 575 700 587 291 379 386 501 1,179 Bank premises 976 89 126 44 34 122 57 112 28 32 53 132 146 Other assets3 31,548 1,356 9,339 1,402 1,711 1,974 2,909 3,891 820 832 1,149 2,233 3,931 Interdistrict settlement account 0 -1,149 -12,138 +2,786 +1,556 +587 +2,400 +179 -1,608 +2,930 -1,110 •1,725 •3,841 TOTAL ASSETS 335,056 20,930 113,874 12,830 21,980 26,870 16,032 41,843 7,439 8,073 8,799 16,328 40,058 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 $ 1,332 million was outstanding at the end of the latest statement week. 2 Net of $ 4,852 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 62 million securities loaned-fully secured by US government securities. 3 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes special investment account at Chicago of $ 40 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 DECEMBER 4, 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 283,366 18,581 99,523 10,531 19,836 23,118 11,028 37,262 5,898 6,661 7,113 13,162 30,652 Deposits Depository institutions 32,312 1,560 6,645 1,525 1,398 2,605 3,671 2,850 1,101 827 975 2,041 7,116 U.S. Treasury—general account 3,430 0 3,430 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 203 6 94 7 8 9 15 19 4 4 6 11 20 Other 203 2 87 1 1 66 1 41 1 4 1 -3 2 Total deposits 36,148 1,567 10,256 1,533 1,406 2,680 3,688 2,910 1,105 836 982 2,049 7,137 Deferred credit items 5,594 337 680 399 174 418 587 497 194 357 368 471 1,111 Other liabilities and accrued dividends1 2,877 170 1,330 71 155 203 90 319 66 34 73 102 264 TOTAL LIABILITIES 327,985 20,655 111,790 12,534 21,570 26,419 15,393 40,988 7,263 7,888 8,537 15,785 39,164 CAPITAL ACCOUNTS Capital paid in 2,645 98 772 105 157 170 243 319 65 70 99 211 336 Surplus 2,423 97 667 115 125 148 246 300 64 69 93 185 315 Other capital accounts 2,003 80 645 76_ 128 132 151 236 48 46 71 147 243 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 335,056 20,930 113,874 12,830 21,980 26,870 16,032 41,843 7,439 8,073 8,799 16,328 40,058 FEDERAL RESERVE AGENTS* ACCOUNTS F.R. notes outstanding 371,260 23,727 129,395 13,054 23,184 31,938 18,065 42,728 9,062 8,423 9,917 17,722 44,045 Less—Held by F.R. Banks 87,893 5,147 29,872 2,522 3,348 8,820 7,037 5,466 3,164 1,761 2,803 4,560 13,393 F.R. notes, net 283,366 18,581 99,523 10,531 19,836 23,118 11,028 37,262 5,898 6,661 7,113 13,162 30,652 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 262,290 Total collateral 283,366 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