H.4.1 Factors Affecting Reserve Balances of Depository Institutions

vo^V/ 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. l^AiRt^•. H4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks January 3, 1992 Millions of dollars Averac ies of daily fig ures RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt Meek ended Change from week ended Wednesday FF..RR.. BBaannkkss,, RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss Jan 1, 1992 Dec 25, 1991 Jan 2, 1991 Jan 1, 1992 Reserve Bank credit1 2 320,715 + 5,765 • 22,677 324,183 U.S. government securities Bought outright—system account 265,519 - 920 • 29,833 266,486 Held under repurchase agreements 13,842 • 6,088 • 3,373 15,345 Federal agency obligations Bought outright 6,045 - 45 - 297 6,045 Held under repurchase agreements 419 • 147 - 31 553 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 141 + 4 - 44 194 Seasonal credit 27 - 12 - 32 23 Extended credit 1 0 - 22 1 Float 695 - 37 - 3,833 1,026 Other F.R. assets 33,967 + 483 - 6,329 34,458 Gold stock 11,058 0 0 11,059 Special drawing rights certificate account 10,018 0 0 10,018 Treasury currency outstanding 21,052 • 14 + 647 21,052 Total factors supplying reserve funds 362,784 _ 5,722 _ 23,265 366,260 Currency in circulation* 307,659 + 1,961 4- 20,784 307,798 Treasury cash holdings* 631 0 + 75 631 Deposits, other than reserve balances, with F.R. Banks Treasury 13,005 • 3,282 + 5,018 17,697 Foreign 520 • 225 + 202 968 Service-related balances and adjustments3 4,118 - 132 + 1,868 4,118 Other 654 + 440 4- 420 1,706 Other F.R. liabilities and capital 8,593 - 255 - 75 8,113 Total factors, other than reserve balances, absorbing reserve funds 335,180 + 5,521 + 28,292 341,031 Reserve balances with F.R. Banks4 27,604 + 201 - 5,027 25,229 On January 1, 1992, marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 251,209 million, a change of - $ 6,015 million for the week. 1 Net of $ 7,065 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 7,065 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. government securities. 2 Net of $ 6,097 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 6,097 million was with foreign official and international accounts. Includes $ 511 million securities loaned-fully secured U.S. government securities. 3 Consists of required clearing balances of $ 3,955 million and adjustments of $ 163 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 Hednesday Hednesday Jan 1, 1992 Dec 25, 1991 Jan 2, 1991 ASSETS Gold certificate account 11,059 0 0 Special drawing rights certificate account 10,018 0 0 Coin 528 - 17 — 1 Loans 218 • 37 - 333 Acceptances 0 0 0 Federal agency obligations Bought outright 6,045 - 45 - 297 Held under repurchase agreements1 553 • 153 • 553 U.S. government securities Bought outright—Bills 132,635 • 554 • 17,151 Notes 101,520 0 • 10,113 Bonds 32,331 0 • 1,168 Total bought outright2 266,486 • 554 • 28,433 Held under repurchase agreements1 15,345 + 5,343 • 15,345 Total U.S. government securities 281,831 • 5,897 • 43,778 Total loans and securities 288,647 • 6,041 • 43,701 - Items in process of collection (608) 7,678 880 • 3,208 Bank premises 987 • 5 • 115 Other assets3 33,537 • 678 - 4,872 TOTAL ASSETS (608) 352,453 + 5,828 + 42,150 LIABILITIES Federal Reserve notes 287,906 + 1,116 • 19,830 Deposits Depository institutions 29,413 - 3,571 • 9,772 U.S. Treasury—general account 17,697 • 7,863 • 7,202 Foreign—official accounts 968 + 700 • 764 Other 1,706 + 1,506 • 1,522 Total deposits 49,784 • 6,498 • 19,260 Deferred availability cash items ( 608) 6,651 - 938 • 2,935 Other liabilities and accrued dividends4 2,810 - 76 - 225 TOTAL LIABILITIES (608) 347,150 • 6,601 + 41,800 CAPITAL ACCOUNTS Capital paid in 2,652 + 1 • 228 Surplus 2,652 + 228 • 228 Other capital accounts 0 - 1,002 - 106 * 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 $ 6,097 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 511 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 $ 15 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, JANUARY 1, 1992 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 Heekly Heekly Holdings Holdings changes changes Within 15 days 217 0 HHiitthhiinn 1155 ddaayyss 2211,,110099 • 4,564 753 • 133 16 days to 90 days 2 0 1166 ddaayyss ttoo 9900 ddaayyss 6666,,775599 895 811 + 63 Over 90 days 0 0 9911 ddaayyss ttoo 11 yyeeaarr 9900,,665555 • 1,507 1,329 51 OOvveerr 11 yyeeaarr ttoo 55 yyeeaarrss 6644,,229999 + 721 2,508 37 OOvveerr 55 yyeeaarrss ttoo 1100 yyeeaarrss 1144,,446699 0 1,008 0 OOvveerr 1100 yyeeaarrss 2244,,554400 0 188 0 Total 218 0 TToottaall 228811,,883311 + 5,897 6,597 + 108 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 JANUARY 1, 1992 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco ASSETS Gold certificate account 11,059 747 3,914 318 692 948 479 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 528 34 16 40 30 99 46 53 29 14 31 43 94 Loans 218 0 7 45 0 105 1 13 25 0 9 3 10 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Federal agency obligations Bought outright 6,045 409 2,382 160 378 478 202 760 160 78 168 237 632 Held under repurchase agreements1 553 0 553 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright—Bills 132,635 8,979 52,271 3,505 8,299 10,491 4,436 16,667 3,513 1,715 3,676 5,204 13,879 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 266,486 18,041 105,022 7,041 16,674 21,079 8,912 33,486 7,058 3,445 7,386 10,456 27,885 Held under repurchase agreements1 15,345 0 15,345 0 0 0 0 0 0 0 0 0 0 Total U.S. govt, securities 281,831 18,041 120,367 7,041 16,674 21,079 8,912 33,486 7,058 3,445 7,386 10,456 27,885 Total loans and securities 288,647 18,450 123,309 7,246 17,052 21,662 9,115 34,259 7,242 3,523 7,563 10,695 28,528 Items in process of collection 8,285 464 969 592 354 608 895 799 275 544 515 773 1,498 Bank premises 987 89 127 44 34 123 57 112 29 32 53 140 147 Other assets3 33,537 1,414 10,524 1,458 1,778 2,062 3,004 4,019 852 859 1,191 2,297 4,079 Interdistrict settlement account 0 -1,286 -12,000 +3,172 +1,766 +321 +1,987 + 237 -1,609 +2,640 -810 +1,600 +3,983 TOTAL ASSETS 353,061 20,623 130,253 13,189 22,352 26,784 15,887 42,183 7,453 7,955 9,247 16,526 40,607 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 $ 6,097 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 511 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 $ 15 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 JANUARY 1, 1992 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City Francisco LIABILITIES Federal Reserve notes 287>906 18,350 100,834 10,872 19,949 23,425 11,426 37,207 6,035 6,691 7,145 13,530 32,440 Deposits Depository institutions 29,413 1,391 6,461 1,470 1,571 2,210 2,970 3,102 914 653 1,313 1,646 5,713 U.S. Treasury—general account 17,697 0 17,697 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 968 6 859 7 8 9 15 19 4 4 6 11 20 Other 1,706 81 641 74 88 66 117 211 42 38 60 97 192 Total deposits 49,783 1,478 25,658 1,551 1,667 2,285 3,102 3,332 959 695 1,379 1,754 5,924 Deferred credit items 7,259 443 866 490 270 541 792 702 255 399 458 722 1,321 Other liabilities and accrued dividends1 2,810 156 1,353 66 143 191 81 301 72 31 67 96 251 TOTAL LIABILITIES 347,758 20,428 128,710 12,979 22,029 26,443 15,401 41,542 7,322 7,816 9,049 16,103 39,936 CAPITAL ACCOUNTS Capital paid in 2,652 98 771 105 161 171 243 321 66 70 99 211 336 Surplus 2,652 98 771 105 161 171 243 321 66 70 99 211 336 Other capital accounts 0_ 0^ 0^ 0 0_ 0_ 0_ 0_ 0_ 0_ 0_ 0^ 0 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 353,061 20,623 130,253 13,189 22,352 26,784 15,887 42,183 7,453 7,955 9,247 16,526 40,607 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 366,468 23,044 128,066 13,068 23,151 31,583 17,196 41,659 8,883 8,117 9,618 17,683 44,400 Less—Held by F.R. Banks 78,562 4,693 27,231 2,196 3,201 8,158 5,771 4,452 2,848 1,427 2,473 4,152 11,960 F.R. notes , net 287,906 18,350 100,834 10,872 19,949 23,425 11,426 37,207 6,035 6,691 7,145 13,530 32,440 Collateral held against F.R. notes Gold certificate account 11,059 Special drawing rights certificate account 10,018 Other eligible assets 0 U.S. govt, and agency securities 266,829 Total collateral 287,906 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