H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE statical Mease "fSSS^?:- H.4.1. *"'••'• December 19, 1991 N O T I CE Because of the Christmas and New Year holidays on Wednesday, December 25, 1991 and January 1, 1992, 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release "Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks" will not be published on that day.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 instead be published on Friday, December 27, 1991 and January 3, 1992 at 4:30 p.m. EST. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

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 19, 1991 Millions of dollars Averages o f daily figures RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt Heek ended Change from week ended Wednesday- FF..RR.. BBaannkkss,, RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss Dec 18, 1991 Dec" 11, 1991 Dec 19, 1990 Dec 18, 1991 Reserve Bank credit1 2 306,449 - 2,828 + 20,003 308,111 U.S. government securities Bought outright—system account 266,780 - 1,599 + 27,478 268,084 Held under repurchase agreements 0 - 1,228 0 0 Federal agency obligations Bought outright 6,090 0 - 253 6,090 Held under repurchase agreements 0 - 18 0 0 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 12 - 83 - 40 14 Seasonal credit 42 0 - 38 45 Extended credit 1 + 1 - 21 2 Float 759 - 40 + 152 1,138 Other F.R. assets 32,765 + 139 - 7,275 32,738 Gold stock 11,058 0 0 11,058 Special drawing rights certificate account 10,018 0 0 10,018 Treasury currency outstanding 21,024 + 14 + 647 21,024 Total factors supplying reserve funds 348,549 ~ 2,814 + 20,650 350,210 Currency in circulation* 303,692 + 396 + 21,214 304,470 Treasury cash holdings* 630 - 3 + 77 631 Deposits, other than reserve balances, with F.R. Banks Treasury 5,838 + 646 + 432 7,494 Foreign 217 + 12 - 17 235 Service-related balances and adjustments3 4,366 + 439 + 2,153 4,375 Other 223 + 11 - 22 219 Other F.R. liabilities and capital 8,709 - 1,252 ~ 238 8,391 Total factors, other than reserve balances? absorbing reserve funds 323,675 + 250 + 23,599 325,815 Reserve balances with F.R. Banks4 24,874 - 3,064 - 2,949 24,395 On December 18, 1931, marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 258,960 million, a change of + $ 101 million for the week 1 Net of $ 5,804 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 5,689 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. government securities. 2 Net of $ 4,499 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4,499 million was with foreign official and international accounts. Includes $ 127 million securities ioaned-fully secured U.S. government securities. 3 Consists of required clearing balances of $ 3,886 million and adjustments of $ 480 million to compensate for float. 4 Excludes required clearing balances and adjustments to compensate for float. * Estimated (Treasury's figures). Compont its 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 Wednesdav Dec 18, 1991 Dec 11> 1991 Dec 19, 1*90 ASSETS Gold certificate account 11,058 0 0 Special drawing rights certificate account 10,018 0 0 Coin 555 - 1 - 5 Loans 61 - 596 - 78 Acceptances 0 0 0 Federal agency obligations Bought outright 6,090 0 - !52 Held under repurchase agreements1 0 0 0 U.S. government securities Bought outright--Bills 134,233 - 1,699 + 15,948 Notes 101,520 + 100 + 10113 Bonds 3322,,333311 00 + 1 168 Total bought outright2 226688,,008844 ~~.. 11,,559999 + 27,230 Held under repurchase agreements1 0 - 750 0 Total U.S. government securities 226688,,008844 - 2,349 ++ 27,230 Total loans and securities 227744,,223344 - 2,946 26,899 Items in process of collection 1574) 6,620 + 622 _ 481 Bank premises 980 + 4 + 114 Other assets3 31,888 ++ 8822 7,066 TOTAL ASSETS ((557744)) 335,353 22,,223399 ++ 19,462 LIABILITIES Federal Reserve notes 284,632 + 934 + 2 0,417 Deposits Depository institutions 28,792 - 6,900 - 1,362 U.S. Treasury—general account 7,494 + 3,225 + 838 Foreign—official accounts 235 + 55 - 11 Other 219 - 9 - 105 Total deposits 36,740 - 3,629 - 640 Deferred availability cash items (574) 5,589 f 642 - 97 Other liabilities and accrued dividends4 22,,665522 - 228 - 639 TOTAL LIABILITIES ((557744)) 332299,,661144 - 2,281 + 19,041 CAPITAL ACCOUNTS Capital paid in 2,651 * 2 + 233 Surplus 2,423 0 + 180 Other capital accounts 665 + 40 + 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 $ 1,834 million was outstanding at the end of the latest statement week. 2 Net of $ 4,499 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 127 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 18, 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 54 0 WWiitthhiinn 1155 ddaayyss 1144,,882244 + 106 220 + 17 16 days to 90 days 6 0 1166 ddaayyss ttoo 9900 ddaayyss 6644,,336655 + 37 748 17 Over 90 days 0 0 9911 ddaayyss ttoo 11 yyeeaarr 8866,,330077 2,592 1*380 OOvveerr 11 yyeeaarr ttoo 55 yyeeaarrss 6633,,557788 + 100 2,545 OOvveerr 55 yyeeaarrss ttoo 1100 yyeeaarrss 1144,,446699 0 1,008 OOvveerr 1100 yyeeaarrss 2244,,554400 0 188 Total 61 0 TToottaall 226688,,008844 2,349 6,090 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 GONDII ION OF EACH FEDERAL RESERVE BANK ON DECEMBER 18, 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 555 35 19 40 32 102 50 53 29 15 34 44 102 Loans 61 4 3 2 0 3 1 2 9 13 20 1 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 134,233 9,087 52,901 3,547 8,399 10,618 4,489 16,867 3,555 1,735 3,721 5,267 14,046 Notes 101,520 6,873 40,009 2,682 6,352 8,030 3,395 12,757 2,689 1,312 2,814 3,983 10,623 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 | 268,084 18,149 105,652 7,084 16,774 21,205 8,966 33,687 7,100 3,466 7,431 10,518 28,052 Held under repurchase agreements3 1 ° 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S, govt, securities 1 268,084 18,149 105,652 7,084 16,774 21,205 8,966 33,687 7,100 3,466 7,431 10,518 28,052 Total loans and securities | 274,234 18,565 108,055 7,246 17,155 21,691 9,171 34,454 7,270 3,558 7,619 10,758 28,692 Items in process of collection 1 7,194 464 822 601 326 543 716 787 239 371 430 551 1,342 Bank premises 980 89 126 44 34 122 57 112 28 32 53 136 146 Other assets3 31,888 1,381 9,391 1,414 1,746 2,011 2,942 3,966 830 837 1,161 2,236 3,975 Interdistrict settlement account 0 -1,791 -9,534 +2,708 +1,032 +1,093 +2,492 -908 -1,602 +2,550 -1,337 +2,109 +3,189 TOTAL ASSETS 335,927 20,201 116,187 12,690 21,662 27,471 16,209 41,170 7,430 7,705 8,664 16,813 39,725 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 $ 1,834 million was outstanding at the end of the latest statement week. 2 Net of $ 4,499 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 127 million securities ioaned-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 18, 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 284,632 18,199 99,558 10,728 19,826 23,153 11,259 36,796 5,941 6,655 7,113 13,411 31,993 Deposits Depository institutions 28,792 1,228 5,258 1,211 1,144 3,217 3,673 2,761 1,109 498 849 2,282 5,561 U.S. Treasury—general account 7,494 0 7,494 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 235 6 127 7 8 9 15 19 4 4 6 11 20 Other 219 1 102 1 1 40 1 64 1 4 1 1 2 Total deposits 36,740 1,235 12,981 1,219 1,152 3,266 3,690 2,844 1,114 506 856 2,294 5,583 Deferred credit items 6,163 385 770 444 185 479 668 533 171 365 415 569 1,182 Other liabilities and accrued dividends1 2,652 160 1,170 66 151 202 87 304 62 33 70 97 250 TOTAL LIABILITIES 330,188 19,978 114,480 12,457 21,314 27,099 15,704 40,477 7,288 7,559 8,454 16,370 39,007 CAPITAL ACCOUNTS Capital paid in 2,651 98 771 105 161 170 243 321 66 70 99 211 336 Surplus 2,423 97 667 115 125 148 246 300 64 69 93 185 315 Other capital accounts 665 28 269 12 62 53 17 72 13 8 19 46 67 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 335,927 20,201 116,187 12,690 21,662 27,471 16,209 41,170 7,430 7,705 8,664 16,813 39,725 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 369,155 23,080 128,631 13,198 23,227 31,814 17,686 41,893 8,996 8,140 9,758 17,814 44,917 Less--Held by F.R. Banks 84,523 4,882 29,073 2,470 3,401 8,661 6,427 5,097 3,055 1,485 2,645 4,403 12,924 F.R. notes, net 284,632 18,199 99,558 10,728 19,826 23,153 11,259 36,796 5,941 6,655 7,113 13,411 31,993 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 263,556 Total collateral 284,632" 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

POSTAGE AND FEES PAID Board of Governors of the Board of Governor* Federal Reserve System of the Ftdera! Reserve System €22 Washington, D.C. 20551 OFFICIAL 1USW1SS fealty for Prtttto Vm. SMO First Class Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis