H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE These data are scheduled for release each Thursday, 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 12, 1991 Millions of dollars Averages of daily figures RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt Week ended Change froir week ended Wednesday FF..RR.. BBaannkkss>> RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss Dec 11, 1991 Dec 4, 1991 Dec 12, 1990" Dec 11, 1991 Reserve Bank credit1 2 309,281 + 2,382 + 20,232 310,772 U.S. government securities Bought outright--system account 268,379 + 2,800 + 26,718 269,684 Held under repurchase agreements 1,228 - 485 + 580 750 Federal agency obligations Bought outright 6,090 0 - 253 6,090 Held under repurchase agreements 18 + 9 + 15 0 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 95 + 62 + 72 613 Seasonal credit 43 - 3 - 33 44 Extended credit 0 - 1 - 24 0 Float 802 - 418 + 306 847 Other F.R. assets 32,627 + 419 - 7,149 32,745 Gold stock 11,058 0 0 11,058 Special drawing rights certificate account 10,018 0 0 10,018 Treasury currency outstanding 21,010 + 14 + 647 21,010 Total factors supplying reserve funds 351,367 + 2,396 _ 20,879 352,858 Currency in circulation* 303,296 + 1,102 + 22,140 303,522 Treasury cash holdings* 633 - 2 + 82 630 Deposits, other than reserve balances, with F.R. Banks Treasury 5,191 - 730 + 1,043 4,269 Foreign 204 - 97 - 26 180 Service-related balances and adjustments3 3,927 - 105 + 1,909 3,927 Other 213 - 8 - 11 227 Other F.R. liabilities and capital 9,960 + 34 + 548 8,577 Total factors, other than reserve balances. absorbing reserve funds 323,425 + 193 + 25,685 321,334 Reserve balances with F.R. Banks4 27,942 + 2,203 - 4,806 31,524 On December 11, 1991, marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 258,859 million, a change of - $ 255 million for the week. 1 Net of $ 4,010 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 4,010 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. government securities. 2 Net of $ 2,800 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 2,800 million was with foreign official and international accounts. Includes $ 32 million securities loaned-fully secured U.S. government securities. 3 Consists of required clearing balances of $ 3,797 million and adjustments of $ 130 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 Wednesday Wednesday Dec 11, 1991 Dec 4, 1991 Dec 12, 1990 ASSETS Gold certificate account 11,058 0 0 Special drawing rights certificate account 10,018 0 0 Coin 556 + 7 + 7 Loans 657 + 608 + 445 Acceptances 0 0 0 Federal agency obligations Bought outright 6,090 0 - 253 Held under repurchase agreements1 0 - 10 - 21 U.S. government securities Bought outright—Bills 135,932 + 2,496 + 17,972 Notes 101,420 + 200 + 9,713 Bonds 32,331 0 + 1,168 Total bought outright2 269,684 + 2,696 + 28,853 Held under repurchase agreements1 775500 - 57 - 2;, 787 Total U.S. government securities 227700,,443344 ±_ 2,639 _ 25,066 Total loans and securities 277,180 + 3,237 + 25,237 - - Items in process of collection (432) 5,997 490 357 Bank premises 976 + 1 + 112 Other assets3 3311,,880066 + 259 - 7,307 TOTAL ASSETS ((443322)) 333377,,559922 + 3,013 + 17,693 LIABILITIES Federal Reserve notes 283,699 + 332 + 21,022 Deposits Depository institutions 35,692 + 3,380 - ;>,153 U.S. Treasury—general account 4,269 + 839 - 247 Foreign—official accounts 180 - 22 - 75 Other 227 + 20 0 Total deposits 40,369 + 4,216 Z >,475 Deferred availability cash items (432) 4,947 - 164 - 522 Other liabilities and accrued dividends4 2,880 + 3 - 777 TOTAL LIABILITIES (432) 331,895 + 4,387 _ 17,248 CAPITAL ACCOUNTS Capital paid in 2,649 + 4 + 233 Surplus 2,423 0 + 180 Other capital accounts 625 - 1,378 + 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 $ 3,216 million was outstanding at the end of the latest statement week. 2 Net of $ 2,800 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 32 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 $ 62 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 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 Heekly Holdings Holdings changes changes Within 15 days 626 0 WWiitthhiinn 1155 ddaayyss 1144,,771199 + 974 45 + 5 16 days "to 90 days 31 0 1166 ddaayyss ttoo 9900 ddaayyss 6644,,332299 + 1,309 923 + 75 Over 90 days 0 0 9911 ddaayyss ttoo 11 yyeeaarr 8888,,889999 + 157 1,380 65 OOvveerr 11 yyeeaarr ttoo 55 yyeeaarrss 6633,,447788 + 200 2,545 43 OOvveerr 55 yyeeaarrss ttoo 1100 yyeeaarrss 1144,,446699 0 1,008 + 18 OOvveerr 1100 yyeeaarrss 2244,,554400 0 188 0 Total 657 0 TToottaall 227700,,443344 + 2,639 6,090 10 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 11, 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 556 35 19 39 31 104 48 52 29 14 34 45 103 Loans 657 2 551 4 0 3 4 51 11 12 17 0 2 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 0 0 0 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright—Bills 155,932 9,203 53,571 3,592 8,505 10,752 4,546 17,081 3,600 1,757 3,768 5,333 14,224 Notes 101,420 6,866 39,970 2,680 6,346 8,022 3,392 12,744 2,686 1,311 2,811 3,979 10,613 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 269,684 18,257 106,282 7,126 16,874 21,332 9,019 33,888 7,142 3,487 7,475 10,581 28,220 Held under repurchase agreements1 750 0 750 0 0 0 0 0 0 0 0 0 0 Total U.S. govt, securities 270,434 18,257 107,032 7,126 16,874 21,332 9,019 33,888 7,142 3,487 7,475 10,581 28,220 Total loans and securities 277,180 18,671 109,983 7,291 17,255 21,816 9,227 34,704" 7,314 3,578 7,660 10,820 28,859 Items in process of collection 6,429 348 784 660 215 540 736 539 246 347 360 458 1,196 Bank premises 976 89 126 44 34 123 57 112 28 32 53 132 146 Other assets3 31,806 1,371 9,376 1,414 1,733 1,999 2,927 3,953 831 838 1,160 2,237 3,968 Interdistrict settlement account 0 -1,010 -12,282 +2,458 +1,778 + 292 +1,942 -303 -1,661 +3,010 -991 +2,429 +4,340 TOTAL ASSETS 338,024 20,963 115,314 12,543 22,384 26,783 15,720 41,763 7,423 8,162 8,980 17,099 40,891 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 $ 3,216 million was outstanding at the end of the latest statement week. 2 Net of $ 2,800 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 32 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 $ 62 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 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 283,699 18,520 100,230 10,601 19,905 22,911 10,521 37,161 5,917 6,693 7,141 13,268 30,831 Deposits Depository institutions 35,692 1,719 6,953 1,338 1,797 2,767 4,039 3,058 1,141 943 1,208 2,791 7,938 U.S. Treasury—general account 4,269 0 4,269 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 180 6 72 7 8 9 15 19 4 4 6 11 20 Other 228 2 90 1 0 61 1 63 0 4 2 0 2 Total deposits 40,369 1,727 11,384 1,345 1,805 2,838 4,056 3,140 1,145 951 1,215 2,803 7,959 Deferred credit items 5,379 329 655 298 178 458 552 462 154 338 342 486 1,128 Other liabilities and accrued dividends1 2,880 165 1,349 69 153 206 91 314 65 34 72 102 261 TOTAL LIABILITIES 332,327 20,741 113,617 12,313 22,041 26,412 15,219 41,076 7,282 8,016 8,770 16,659 40,180 CAPITAL ACCOUNTS Capital paid in 2,649 98 771 105 161 170 243 319 65 70 99 211 336 Surplus 2,423 97 667 115 125 148 246 300 64 69 93 185 315 Other capital accounts 625 26 259 10_ 56 52 12 68 12^ 7_ 18 43 61 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 338,024 20,963 115,314 12,543 22,384 26,783 15,720 41,763 7,423 8,162 8,980 17,099 40,891 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 370,929 23,687 129,804 13,175 23,364 31,877 17,340 42,590 9,036 8,299 9,844 17,805 44,109 Less—Held by F.R. Banks 87,230 5,166 29,575 2,574 3,459 8,966 6,819 5,429 3,119 1,605 2,703 4,537 13,278 F.R. notes, net 283,699 18,520 100,230 10,601 19,905 22,911 10,521 37,161 5,917 6,693 7,141 13,268 30,831 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 262,622 Total collateral 283,699 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