H.4.1 Factors Affecting Reserve Balances of Depository Institutions

^cov^ 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. «4LRl' H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks July 2, 1992 Millions of dollars Averac es o f daily figures RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt Week ended Change from week ended Nednesday FF..RR.. BBaannkkss,, RReesseerrvvee BBaannkk ccrreeddiitt>> aanndd rreellaatteedd iitteemmss Jul 1, 1992 Jun 24, 1992 Jul 3, 1991 Jul 1, 1992 Reserve Bank credit1 2 311,787 • 748 + 17,016 312,850 U.S. government securities Bought outright—system account 274,905 • 352 • 27,803 276,528 Held under repurchase agreements 0 - 1,666 - 4,372 0 Federal agency obligations Bought outright 5,710 - 9 - 503 5,710 Held under repurchase agreements 0 - 26 - 624 0 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 224 • 168 - 349 135 Seasonal credit 191 • 23 - 97 186 Extended credit 1 + 1 - 7 0 Float 404 - 21 - 261 -713 Other F.R. assets 30,352 + 430 - 4,574 31,004 Gold stock 11,060 0 - 3 11,060 Special drawing rights certificate account 10,018 0 0 10,018 Treasury currency outstanding 21,266 • 14 • 514 21,266 Total factors supplying reserve funds 354,131 - 734 + 17,528 355,194 Currency in circulation* 310,281 •f 156 • 17,964 311,540 Treasury cash holdings* 611 - 7 - 4 606 Deposits> other than reserve balances, with F.R. Banks Treasury 8,434 • 298 - 1,073 7,684 Foreign 207 + 7 - 65 204 Service-related balances and adjustments3 5,335 • 23 • 2,058 5,335 Other 250 • 20 • 35 244 Other F.R. liabilities and capital 8,482 • 273 • 1,139 9,089 Total factors> other than reserve balances, absorbing reserve funds 333,600 • 769 + 20,053 334,702 Reserve balances with F.R. Banks4 20,530 - 1,503 - 2,525 20,492 On July 1, 1992, marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 279,370 million, a change of - $ 532 million for the week. 1 Net of $ 5,676 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 5,676 million was with foreign official and international accounts. Includes securities Ioaned-fully secured by U.S. government securities. 2 Net of $ 4,053 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4,053 million was with foreign official and international accounts. Includes $ 122 million securities Ioaned-fully secured U.S. government securities. 3 Consists of required clearing balances of $ 5,198 million and adjustments of $ 137 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 •• WWeeddnneessddaayy Wednesday | Wednesday Jul 1, 1992 Jun 24, 1992 Jul 3, 1991 ASSETS Gold certificate account 11,060 0 - 3 Special drawing rights certificate account 10,018 0 0 Coin 487 - 8 - 67 Loans 322 J 4 85 - 1 Acceptances o 0 0 Federal agency obligations Bought outright 5,710 - 9 - 503 Held under repurchase agreements1 0 - 61 - 476 U.S. government securities Bought outright—Bills 136,494 - 215 4 17,313 Notes 106,974 0 4 10,268 Bonds 33,059 0 • 1,596 Total bought outright2 276,528 - 215 + 29,177 Held under repurchase agreements1 0 - 2,453 - 4,393 Total U.S. government securities 227766,,552288 - 2,668 44 24,784 Total loans and securities 228822,,556600 - 2,653 44 23,804 Items in process of collection (659) 6,152 4 706 - 84 Bank premises 1,026 0 4 94 Other assets3 30,020 + 856 - 3,942 TOTAL ASSETS (659) 341,323 ~ 1,099 4 19,803 LIABILITIES Federal Reserve notes 291,367 4 1,521 4 16,627 Deposits Depository institutions 26,994 - 4,868 - 223 U.S. Treasury—general account 7,684 i * 34 4 1,313 Foreign—official accounts 204 1 9 - 4 Other 244 4 26 4 46 Total deposits 35,126 " 4,817 4 1,132 Deferred availability cash items (659) 5,741 4 1,141 4 211 Other liabilities and accrued dividends4 11,,990011 - 129 556 TOTAL LIABILITIES ((665599)) 333344,,113355 - 2,284 44 17,414 CAPITAL ACCOUNTS Capital paid in 2,849 + 31 4 301 Surplus 2,652 0 4 467 Other capital accounts 1,688 • 1,153 4 1,621 * 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 $ 2,128 million was outstanding at the end of the latest statement week. 2 Net of $ 4,053 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 122 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 $ 58 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, JULY 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. gove rnment Federal agency securities obligations LLooaannss AAcccceeppttaanncceess Weekly Weekly Holdings Holdings changes changes Within 15 days 204 0 WWiitthhiinn 1155 ddaayyss 1144,,008811 1,628 12 267 16 days to 90 days 118 0 1166 ddaayyss ttoo 9900 ddaayyss 6655,,777711 4 2,086 721 4 34 Over 90 days 0 0 9911 ddaayyss ttoo 11 yyeeaarr 8888,,881144 378 1,511 4 186 OOvveerr 11 yyeeaarr ttoo 55 yyeeaarrss 6666,,110000 299 2,557 22 OOvveerr 55 yyeeaarrss ttoo 1100 yyeeaarrss 1166,,221122 0 755 0 OOvveerr 1100 yyeeaarrss 2255,,554499 0 154 0 Total 322 0 TToottaall 227766,,552288 218 5,710 70 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 JULY 1, 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 11,060 705 4,046 347 658 941 503 1,270 304 195 329 463 1,299 Special drawing rights certif. acct. 10,018 711 3,395 319 645 961 303 1,336 307 172 334 463 1,072 Coin 487 28 15 49 30 89 50 37 26 19 24 31 89 Loans 322 0 0 4 0 10 10 38 40 81 116 9 14 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Federal agency obligations Bought outright 5,710 365 2,221 174 359 446 194 707 140 89 154 209 650 Held under repurchase agreements1 0 0 0 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright—Bills 136,494 8,718 53,101 4,155 8,591 10,673 4,647 16,905 3,340 2,127 3,692 5,007 15,538 Notes 106,974 6,833 41,617 3,256 6,733 8,365 3,642 13,249 2,617 1,667 2,894 3,924 12,177 Bonds 33,059 2,112 12,861 1,006 2,081 2,585 1,125 4,094 809 515 894 1,213 3,763 Total bought outright2 276,528 17,663 107,579 8,417 17,405 21,623 9,414 34,248 6,766 4,310 7,481 10,145 31,479 Held under repurchase agreements1 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt, securities 276,528 17,663 107,579 8,417 17,405 21,623 9,414 34,248 6,766 4,310 7,481 10,145 31,479 Total loans and securities 282,560 18,027 109,800 8,595 17,765 22,079 9,618 34,993 6,946 4,480 7,751 10,363 32,143 Items in process of collection 6,812 405 820 477 271 516 642 699 235 404 406 619 1,318 Bank premises 1,026 89 141 44 35 124 57 112 29 32 52 164 147 Other assets3 30,020 1,216 9,277 1,140 1,811 2,066 2,476 3,645 745 741 1,064 2,169 3,670 Interdistrict settlement account 0 -1,555 -9,981 •2,675 •1,556 -1,312 •2,345 -1,781 •1,995 +2,153 +1,865 +2,522 -482 TOTAL ASSETS 341,982 19,626 117,513 13,647 22,771 25,465 15,993 40,311 10,586 8,195 11,825 16,793 39,256 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 $ 2,128 million was outstanding at the end of the latest statement week. 2 Net of $ 4,053 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 122 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 $ 58 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 JULY 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 291,367 17,846 99,762 11,150 20,942 22,301 11,798 35,684 9,125 6,845 10,228 13,934 31,752 Deposits Depository institutions 26,994 1,044 6,266 1,704 1,066 1,959 2,796 2,894 1,021 728 916 1,618 4,981 U.S. Treasury—general account I 7,684 0 7,684 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 204 5 105 6 8 9 13 17 3 4 5 11 18 Other 244 1 121 1 1 46 2 61 0 4 4 1 3 Total deposits 35,126 1,050 14,176 1,710 1,076 2,013 2,811 2,972 1,025 736 925 1,631 5,001 Deferred credit items 6,400 346 759 437 208 512 643 576 215 393 357 595 1,360 Other liabilities and accrued dividends1 1,901 123 718 62 116 148 69 242 46 30 55 78 215 TOTAL LIABILITIES 334,794 19,364 115,415 13,359 22,342 24,973 15,320 39,474 10,410 8,003 11,565 16,238 38,329 CAPITAL ACCOUNTS Capital paid in 2,849 98 811 115 168 201 283 326 69 78 104 225 369 Surplus 2,652 98 771 105 161 171 243 321 66 70 99 211 336 Other capital accounts 1,688 66 515 68 100 120 146 190 41 44 57 118 223 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 341,982 19,626 117,513 13,647 22,771 25,465 15,993 40,311 10,586 8,195 11,825 16,793 39,256 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 362,193 22,499 123,326 13,279 23,132 28,835 16,737 39,139 11,320 7,916 11,964 16,931 47,114 Less—Held by F.R. Banks 70,825 4,653 23,564 2,129 2,190 6,535 4,938 3,454 2,195 1,071 1,736 2,997 15,362 F.R. notes, net 291,367 17,846 99,762 11,150 20,942 22,301 11,798 35,684 9,125 6,845 10,228 13,934 31,752 Collateral held against F.R. notes Gold certificate account 11,060 Special drawing rights certificate account 10,018 Other eligible assets 0 U.S. govt, and agency securities 270,290 Total collateral 291,367 j 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