H.4.1 Factors Affecting Reserve Balances of Depository Institutions

'of °ov ' 6 —, : , --•»*M,tj \if v K FEDERAL RESERVE : : " • '1 I C, 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£ H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks December 27, 1991 Millions of dollars Averac les of daily fJ gures RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt Heek ended Change from week ended Nednesday FF..RR.. BBaannkkss,, RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss Dec 25, 1991 Dec 18, 1991 Dec 26, 1990 Dec 25, 1991 Reserve Bank credit1 2 314,937 • 8,490 + 23,598 317,309 U.S. government securities Bought outright—system account 266,439 - 341 • 27,539 265,932 Held under repurchase agreements 7,754 • 7,754 + 4,167 10,002 Federal agency obligations Bought outright 6,090 0 - 252 6,090 Held under repurchase agreements 273 + 273 • 264 400 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 137 • 125 - 617 153 Seasonal credit 39 - 4 - 37 28 Extended credit 1 0 - 21 1 Float 722 - 34 - 544 967 Other F.R. assets 33,482 • 717 - 6,899 33,737 Gold stock 11,058 0 0 11,058 Special drawing rights certificate account 10,018 0 0 10,018 Treasury currency outstanding 21,038 + 14 + 647 21,038 Total factors supplying reserve funds 357,051 • 8,504 _ 24,246 359,423 Currency in circulation* 305,698 + 2,006 + 20,758 306,651 Treasury cash holdings* 631 • 1 + 78 631 Deposits, other than reserve balances, with F.R. Banks Treasury 9,723 • 3,885 + 2,912 9,834 Foreign 295 + 78 + 59 268 Service-related balances and adjustments3 4,250 - 116 + 2,257 4,250 Other 214 - 9 • 13 200 Other F.R. liabilities and capital 8,849 • 140 - 244 8,961 Total factors, other than reserve balances, absorbing reserve funds 329,660 • 5,985 • 25,833 330,795 Reserve balances with F.R. Banks4 27,391 • 2,519 - 1,587 28,628 On December 25, 1991, marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 257,224 million, a change of - $ 1,736 million for the week. 1 Net of $ 6,144 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 6,144 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. government securities. 2 Net of $ 6,651 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 6,651 million was with foreign official and international accounts. Includes $ 144 million securities loaned-fully secured U.S. government securities. 3 Consists of required clearing balances of $ 3,894 million and adjustments of $ 357 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 25, 1991 Dec 18, 1991 Dec 26, 1990 ASSETS Gold certificate account 11.058 0 0 Special drawing rights certificate account 10,018 0 0 Coin 545 - 10 - 1 Loans 182 + 121 - 4,797 Acceptances 0 0 0 Federal agency obligations Bought outright 6,090 0 - 252 Held under repurchase agreements1 400 + 400 4 390 U.S. government securities Bought outright—Bills 132,081 - 2,152 + 16,714 Notes 101,520 0 • 10,113 Bonds 3322,,333311 00 + 1,168 Total bought outright2 226655,,993322 ZZII 22,,115522 + 27,996 Held under repurchase agreements1 10,002 + 10,002 + 6,370 Total U.S. government securities 275,934 77,,885500 ++ 34,366 Total loans and securities 282,606 ++ 88,,337711 ++ 29,706 Items in process of collection (592) 8,558 + 1,938 + 4,515 Bank premises 981 4- 1 • 111 Other assets3 32,859 + 971 - 6,897 TOTAL ASSETS (592) 346,625 + 11,272 + 27,434 LIABILITIES Federal Reserve notes 286,790 + 2,157 + 19,902 Deposits Depository institutions 32,984 + 4,192 + 4,344 U.S. Treasury—general account 9,834 + 2,340 - 1,540 Foreign-—official accounts 268 + 32 + 88 Other 220000 - 19 39 Total deposits 4433,,228866 + 6,545 ++ 2,852 Deferred availability cash items (592) 7,589 + 2,000 + 4,545 Other liabilities and accrued dividends4 2,885 + 233 - 690 TOTAL LIABILITIES (592) 340,549 + 10,935 + 26,610 CAPITAL ACCOUNTS Capital paid in 2,651 0 • 228 Surplus 2,423 0 + 180 Other capital accounts 1,002 4- 337 + 416 * 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 $ 6,651 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 144 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 a! Chicago of $ 52 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 25, 1991 Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements. Minions of dollars U.S. government Federal agency securities obligations LLooaannss AAcccceeppttaanncceess Neekly Neekly Holdings Holdings changes changes Hiihin 15 days 177 0 WWiitthhiinn 1155 ddaayyss 1166,,554455 + 1,721 620 + 400 16 days to 90 days 4 0 1166 ddaayyss ttoo 9900 ddaayyss 6677,,665544 + 3,289 748 0 Over 90 days 0 0 9911 ddaayyss ttoo 11 yyeeaarr 8899,,114488 + 2,841 1,380 0 OOvveerr 11 yyeeaarr ttoo 55 yyeeaarrss 6633,,557788 0 2,545 0 OOvveerr 55 yyeeaarrss ttoo 1100 yyeeaarrss 1144,,446699 0 1,008 0 OOvveerr 1100 yyeeaarrss 2244,,554400 0 188 0 Total 182 0 TToottaall 227755,,993344 + 7,850 6,490 + 400 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 25, 1991 Millions of dollars Total Boston New York J Philadelphia Cleveland Richmond Atlanta Chicago [ St. Louis Minneapolis ASSETS Gold certificate account 11,058 747 3,913 318 692 948 479 1,370 328 171 Special drawing rights certif, acct. 10,018 711 3,395 319 645 961 303 1,336 307 172 Coin 545 36 17 41 32 100 47 55 30 14 Loany x & 2 2 18 48 0 4 14 • 4 52 Acceptances 0 0 0 0 0 0 0 0 0 Federal agency obligations Bought outright 6,09G 412 2,400 161 381 482 204 765 161 79 Held under repurchase agreements1 400 0 400 0 r» 0 C U.S. government securities Bought ou4rlgbt~~Bills S,942 52,053 3?4 9i; 8>264 \C V*8 ?6*5**"' 7,498 i, ?oe Noto* 101 *5r* 6„87S 40,009 6?352 I?;*?:;;1 h,63« -.>3:^ Bonat. 32 »s: ' 2,389 _12>'_f-2 PS< '; OSS 65£ H l? • o c a 1 Doucin t ou t r i gnl ' 26b; ^: :8,00S~ 10" ,80^"* "16,63^" "* T i '*• \ 0 7,043 >v4JB Vt&Iu unde«" repurchase ag^ements * 0 f* i C " ovu 'J " iovr. sfccv* «"^ies 1 / •. >*U4~ t J1 ; . r> J4 , . >< * t *>* - jf/t? } *i»r?s I'l orocec COl ! f^\ '.O c-, w 51° 48r 69 . 43b **90 3C'r"\'' *nr t^t** T so4-* 1 £"" :» s.: 2C' H *' '"./I'1, • 3 *' 0s- .» rssn-jnt 5 2C ^ >r?'^ ». ! 2#/ . "<>b5 ;.2>ii?t 1 ^ i c . , o4 - • ; ^ r'e "•rjai =4L \t»l,*'>*5 Ot V\.'" ,-n^ wo1' Pr v -. ar. iv *v r , * f S)\? '"I Kt"' -e UP -cyvv-s re* •eta I- ' . to ourr^rc, 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 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 286,790 18,354 100,432 10,837 19,874 23,308 11,392 37,103 5,979 6,685 7,147 13,485 32,195 Deposits Depository institutions 32,984 1,777 7,783 1,433 1,296 2,563 3,459 3,279 1,161 569 1,120 2,481 6,063 U.S. Treasury—general account 9,834 0 9,834 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 268 6 159 7 8 9 15 19 4 4 6 11 20 Other 200 1 94 2 3 35 2 54 0 4 2 1 1 Total deposits 43,286 1,784 17,870 1,442 1,306 2,608 3,476 3,351 1,165 578 1,128 2,494 6,084 Deferred credit items 8,180 459 1,063 508 495 776 807 683 285 385 495 743 1,482 Other liabilities and accrued dividends1 2,885 164 1,355 67 153 202 92 313 64 34 72 100 270 TOTAL LIABILITIES 341,141 20,761 120,719 12,854 21,829 26,893 15,767 41,449 7,493 7,681 8,841 16,822 40,031 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 1,002 49 398 22 81 81 30 114 22 12 29 60 104 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 347,217 21,005 122,555 13,096 22,196 27,293 16,286 42,184 7,644 7,831 9,061 17,279 40,787 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 367,741 23,067 128,356 13,096 23,182 31,700 17,446 41,748 8,955 8,129 9,667 17,742 44,653 Less—Held by F.R. Banks 80,952 4,712 27,924 2,259 3,309 8,392 6,054 4,645 2,976 1,445 2,520 4,257 12,458 F.R. notes, net 286,790 18,354 100,432 10,837 19,874 23,308 11,392 37,103 5,979 6,685 7,147 13,485 32,195 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 265,713 Total collateral 286,790 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