H.4.1 Factors Affecting Reserve Balances of Depository Institutions

s<\°l$2yt A 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 January 9, 1992 Millions of dollars Averages of daily figures RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt Heek ended Change from week ended Wednesday FF..RR.. BBaannkkss,, RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss Jan 8, 1992 Jan 1, 1992 Jan 9, 1991 Jan 8, 1992 Reserve Bank credit1 2 312,070 - 8,587 + 28,795 313,510 U.S. government securities Bought outright—system account 266,736 + 1,217 + 31,490 266,189 Held under repurchase agreements 3,335 - 10,507 + 2,507 0 Federal agency obligations Bought outright 6,045 0 - 297 6,045 Held under repurchase agreements 33 - 387 - 60 0 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 857 + 716 + 576 5,459 Seasonal credit 16 - 10 - 7 14 Extended credit 0 - 1 - 20 0 Float 982 + 287 - 38 1,230 Other F.R. assets 34,067 + 100 - 5,356 34,574 Gold stock 11,058 0 + 1 11,058 Special drawing rights certificate account 10,018 0 0 10,018 Treasury currency outstanding 21,052 + 14 + 636 21,052 Total factors supplying reserve funds 354,198 - 8,573 + 29,432 355,638 Currency in circulation* 306,821 ~ 823 4- 20,568 305,706 Treasury cash holdings* 632 - 1 + 65 635 Deposits, other than reserve balances, with F.R. Banks Treasury 6,147 - 6,858 - 759 6,262 Foreign 453 - 67 + 196 224 Service-related balances and adjustments3 4,128 + 10 + 1,508 4,127 Other 183 - 471 * 22 144 Other F.R. liabilities and capital 8,276 - 318 + 65 8,418 Total factors, other than reserve balances. absorbing reserve funds 326,639 - 8,528 + 21,666 325,516 Reserve balances with F.R. Banks4 27,559 - 45 + 7,766 30,122 On January 8, 1992, marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 257,348 million, a change of + $ 6,139 million for the week. 1 Net of $ 5,848 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 5,848 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. government securities. 2 Net of $ 6,395 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 6.395 million was with foreign official and international accounts. Includes $ 340 million securities loaned-fully secured U.S. government securities. 3 Consists of required clearing balances of $ 3,956 million and adjustments of $ 172 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. ** Estimated data ( Richmond District) 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 ** NNeeddnneessddaayy Wednesday | Wednesday Jan 8, 1992 1 Jan 1, 1992 Jan 9, 1991 ASSETS [ Gold certificate account 11,058 - 1 0 Special drawing rights certificate account 10,018 0 0 Coin 522 1 - 5 - 7 Loans 5,473 + 5,255 + 4,834 Acceptances 0 0 0 Federal agency obligations Bought outright 6,045 0 - 297 Held under repurchase agreements1 0 - 553 0 U.S. government securities Bought outright—Bills 132,338 - 297 + 23,129 Notes 1 101,520 0 + 10,113 Bonds 1 32,331 0 + 1,168 Total bought outright2 266,189 - 297 + 34,410 Held under repurchase agreements1 0 1155,,334455 __ 0 ^^—— Total U.S. government securities 266,189 1155,,664433 34,410 Total loans and securities 277,706 - 10,941 + 38,947 Items in process of collection (545) 6,897 - 780 - 193 Bank premises 989 + 2 + 113 Other assets3 3322,,888833 - 655 - 5,607 TOTAL ASSETS ((554455)) 334400,,007733 - 12,380 + 33,254 LIABILITIES Federal Reserve notes 285,811 - 2,095 + 19,594 Deposits Depository institutions 33,640 + 4,227 + 12,526 U.S. Treasury—general account | 6,262 - 11,435 + 685 Foreign—official accounts 1 224 - 743 + 28 Other 114444 ~~ 11,,556622 - 5 Total deposits 4400,,227711 99,,551133 + 13,233 Deferred availability cash items (545) 5,574 - 1,077 + 194 Other liabilities and accrued dividends4 2,645 - 165 - 332 TOTAL LIABILITIES (545) 334,300 - 12,850 + 32,689 CAPITAL ACCOUNTS Capital paid in 2,652 0 + 225 Surplus 2,652 0 + 228 Other capital accounts 470 + 470 + 111 * 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 S 6,395 million matched sale-purchase transactions outstanding at the end of the latest statement week, includes $ 340 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 $ 24 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. ** Estimated data { Richmond District) MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JANUARY 8, 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. gove rnment Federal agency securities obligations LLooaannss AAcccceeppttaanncceess Weekly Weekly Holdings Holdings changes changes Within 15 days 5,470 0 WWiitthhiinn 1155 ddaayyss 1122,,003377 9,072 60 693 16 days to 90 days 3 0 1166 ddaayyss ttoo 9900 ddaayyss 6622,,776633 3,996 976 + 165 Over 90 days 0 0 9911 ddaayyss ttoo 11 yyeeaarr 8888,,008800 2,575 1,304 25 OOvveerr 11 yyeeaarr ttoo 55 yyeeaarrss 6644,,229999 0 2,508 0 OOvveerr 55 yyeeaarrss ttoo 1100 yyeeaarrss 1144,,446699 0 1,008 0 OOvveerr 1100 yyeeaarrss 2244,,554400 0 188 0 Total 5,473 0 TToottaall 226666,,118899 15,643 6,045 553 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 8, 1992 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City Francisco ASSETS Gold certificate account 11,058 74; 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 522 34 14 40 30 100 45 53 28 14 30 42 93 Loans 5,473 0 4,847 7 115 69 4 178 16 0 5 0 233 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 0 0 0 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright—Bills 132,338 8,959 52,154 3,497 8,280 10,468 4,426 16,629 3,505 1,711 3,668 5,192 13,848 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 266,189 18,021 104,905 7,034 16,655 21,056 8,902 33,448 7,050 3,441 7,378 10,444 27,854 Held under repurchase agreements1 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt, securities 266,189 18,021 104,905 7,034 16,655 21,056 8,902 33,448 7,050 3,441 7,378 10,444 27,854 Total loans and securities 277,706 18,430 112,134 7,200 17,149 21,602 9,109 34,386 7,226 3,519 7,551 10,681 28,719 Items in process of collection 7,442 388 954 537 217 904 653 674 203 468 504 616 1,326 Bank premises 989 89 129 44 34 123 57 112 29 32 53 140 147 Other assets3 32,883 1,439 9,729 1,464 1,797 2,006 3,019 4,067 862 866 1,201 2,316 4,117 Interdistrict settlement account 0 -1,208 -12,653 +3,139 +1,716 +353 +2,118 -921 -1,097 +3,335 -526 +2,020 +3,725 TOTAL ASSETS 340,618 20,629 117,615 13,060 22,279 26,997 15,784 41,076 7,885 8,577" 9,517 16,793 40,407 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 $ 6,395 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 340 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 $ 24 million in Treasury bills maturing within 90 days. Components may not add to totals due to rounding. ** Estimated data ( Richmond District) 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 8, 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 285,811 18,087 101,291 10,646 19,933 22,917 10,666 36,661 6,216 6,673 7,520 13,397 31,805 Deposits Depository institutions 33,640 1,818 6,132 1,699 1,672 2,741 3,933 2,909 1,307 1,332 1,237 2,362 6,498 U.S. Treasury—general account 6,262 0 6,262 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 224 6 116 7 8 9 15 19 4 4 6 11 20 Other 144 2 94 2 1 8 1 26 0 4 1 3 2 Total deposits 40,271 1,826 12,604 1,708" 1,680 2,759 3,949 2,954 1,311 1,340 1,245 2,377 6,519 Deferred credit items 6,119 347 741 422 178 718 586 489 158 387 476 488 1,129 Other liabilities and accrued dividends1 2,645 153 1,253 64 139 180 82 289 60 31 65 94 234 TOTAL LIABILITIES 334,845 20,412~ 115,890 12,841 21,930 26,574~ 15,283 40,392 7,745 8,431 9,306 16,355 39,687 CAPITAL ACCOUNTS Capital paid in 2,652 98 771 105 161 170 243 321 66 70 99 211 336 Surplus 2,652 98 771 105 161 171 243 321 66 70 99 211 336 Other capital accounts 470 22 182 9_ 27 83 15 42 _9_ 6 12 15 49 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 340,618 20,629 117,615 13,060 22,279 26,997 15,784 41,076 7,885 8,577 9,517 16,793 40,407 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 365,559 23,020 127,837 12,977 23,228 31,445 16,809 41,582 9,055 8,106 10,035 17,648 43,817 Less—Held by F.R. Banks 79,749 4,933 26,547 2,331 3,296 8,528 6,143 4,921 2,838 1,433 2,516 4,251 12,012 F.R. notes, net 285,811 18,087 101,291 10,646 19,933 22,917 10,666 36,661 6,216 6,673 7,520 13,397 31,805 Collateral held against F.R. notes Gold certificate account 31,058 Special drawing rights certificate account 10,018 Other eligible assets 0 U.S. govt, and agency securities 264,735 Total collateral 285,811 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. ** Estimated data ( Richmond District) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis