H.4.1 Factors Affecting Reserve Balances of Depository Institutions

isjss&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. H.4.1 RESEARCHUBRABI Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks July 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 Jul 8, 1992 Jul 1, 1992 Jul • L0, 1991 Jul 8, 1992 Reserve Bank credit1 2 314,364 + 2,577 + 17,680 318,838 U.S. government securities Bought outright—system account 273,040 - 1,866 + 25,036 272,464 Held under repurchase agreements 2,358 + 2,358 - 3,961 6,950 Federal agency obligations Bought outright 5,710 0 - 503 5,710 Held under repurchase agreements 4 + 4 - 522 31 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 312 + 87 + 274 1,704 Seasonal credit 183 - 8 - 110 176 Extended credit 0 - 1 - 3 0 Float 1,541 + 1,137 + 1,051 470 Other F.R. assets 31,217 + 865 - 3,583 31,332 Gold stock 11,060 0 - 3 11,059 Special drawing rights certificate account 10,018 0 0 10,018 Treasury currency outstanding 21,280 + 14 + 521 21,280 Total factors supplying reserve funds 356,722 _ 2,591 + 18,198 361,195 Currency in circulation* 313,299 + 3,018 + 18,440 314,368 Treasury cash holdings* 606 - 5 - 15 605 Deposits, other than reserve balances, with F.R. Banks Treasury 6,133 - 2,301 - 949 7,396 Foreign 253 + 46 + 8 202 Service-related balances and adjustments3 5,402 + 67 + 2,184 5,402 Other 229 - 21 + 40 219 Other F.R. liabilities and capital 9,218 + 736 + 1,572 8,101 Total factors, other than reserve balances, absorbing reserve funds 335,140 + 1,540 + 21,281 336,294 Reserve balances with F.R. Banks4 21,582 + 1,052 - 3,083 24,902 On July 8, 1992, marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 280,147 million, a change of 4- $ 777 million for the week. 1 Net of $ 7,541 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 6,805 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. government securities. 2 Net of $ 8,117 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 6,399 million was with foreign official and international accounts. Includes $ 186 million securities loaned-fully secured U.S. government securities. 3 Consists of required clearing balances of $ 5,197 million and adjustments of $ 205 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 8, 1992 Jul 1, 1992 Jul 10, 1991 ASSETS Gold certificate account 11,059 0 - 5 Special drawing rights certificate account 10,018 0 0 Coin 471 - 16 - 64 Loans 1,881 + 1,559 4- 1,560 Acceptances 0 0 0 Federal agency obligations Bought outright 5,710 Q - 505 Held under repurchase agreements1 51 4 51 - 595 U.S. government securities Bought outright—Bills 152,450 - 4,064 4- 10,071 Notes 106,974 0 4- 10,268 Bonds 55,059 0 4 1,596 Total bought outright2 272,464 - 4,064 4- 21,954 Held under repurchase agreements1 6,950 4 6,950 4 796 Total U.S. government securities 279,414 4 2,886 4- 22,750 Total loans and securities 287,056 4 4,476 4- 25,595 - - Items in process of collection (560) 5,192 960 25 Bank premises 1,028 4 2 4- 96 Other assets3 5500,,665566 44 661166 - 5,610 TOTAL ASSETS ((556600)) 554455,,444400 44 44,,111188 4- 19,789 LIABILITIES Federal Reserve notes 294,164 + 2,796 + 18,568 Deposits Depository institutions 50,284 4- 5,290 - 1,740 U.S. Treasury—general account 7,596 - 287 4- 2,554 Foreign—official accounts 202 - 1 4- 16 Other 219 - 26 4- 54 Total deposits 58,101 4 2,976 4- 665 Deferred availability cash items (560) 5,074 - 667 4- 502 Other liabilities and accrued dividends4 22,,002200 44-- 111199 - 614 TOTAL LIABILITIES ((556600)) 555599,,555599 44-- 55,,222244 4- IS,921 CAPITAL ACCOUNTS Capital paid in 2,876 4 27 4 529 Surplus 2,652 0 4- 544 Other capital accounts 554 - 1,154 + 194 * 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 $ 8,117 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 186 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 $ 50 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 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. government Federal agency securities obligations LLooaannss AAcccceeppttaanncceess Heekly Weekly Holdings Holdings changes changes Within 15 days 1,757 0 WWiitthhiinn 1155 ddaayyss 14,994 4 915 108 4 96 16 days to 90 days 124 0 1166 ddaayyss ttoo 9900 ddaayyss 66,619 4 847 861 4 140 OVer 90 days 0 0 9911 ddaayyss ttoo 11 yyeeaarr 89,959 4 1,125 1,506 205 OOvveerr 11 yyeeaarr ttoo 55 yyeeaarrss 66,100 0 2,557 0 OOvveerr 55 yyeeaarrss ttoo 1100 yyeeaarrss 16,212 0 755 0 OOvveerr 1100 yyeeaarrss 25,549 0 154 0 Total 1,881 0 TToottaall 279,414 4 2,886 5,741 4 51 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 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 11,059 705 4,045 347 658 941 503 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 471 27 12 47 25 87 49 35 28 18 24 32 88 Loans 1,881 0 1,576 4 0 7 9 15 37 88 12 6 127 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 31 0 31 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright—Bills 132,430 8,459 51,520 4,031 8,335 10,355 4,508 16,402 3,240 2,064 3,582 4,858 15,075 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 272,464 17,403 105,998 8,293 17,149 21,305 9,276 33,745 6,667 4,246 7,371 9,996 31,016 Held under repurchase agreements1 6,950 0 6,950 0 0 0 0 0 0 0 0 0 0 Total U.S. govt, securities 279,414 17,403 112,948 8,293 17,149 21,305 9,276 33,745 6,667 4,246 7,371 9,996 31,016 Total loans and securities 287,036 17,768 116,776 8,471 17,509 21,759 9,480 34,467 6,843 4,423 7,537 10,211 31,793 Items in process of collection 5,753 313 664 347 198 478 586 568 172 357 328 586 1,157 Bank premises 1,028 89 141 44 35 124 57 112 29 32 52 165 147 Other assets3 30,636 1,232 9,732 1,149 1,824 2,087 2,499 3,668 742 743 1,074 2,185 3,700 Interdistrict settlement account 0 -268 -14,970 +2,788 +2,218 -158 +2,360 -931 +2,213 +2,440 +2,326 +2,979 -994 TOTAL ASSETS 346,000 20,576 119,795 13,512 23,111 26,279 15,836 40,525 10,637 8,380 12,004 17,084 38,261 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 $ 8,117 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 186 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 $ 50 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 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 294,164 18,010 100,897 11,367 21,023 22,565 11,702 36,179 9,251 6,878 10,431 13,993 31,867 Deposits Depository institutions 30,284 1,909 8,076 1,461 1,411 2,619 2,881 2,797 1,029 963 981 1,933 4,224 U.S. Treasury—general account 7,396 0 7,396 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 202 5 104 6 8 9 13 17 3 4 5 11 18 Other 219 1 111 1 1 43 1 52 0 4 1 2 2 Total deposits 38,101 1,915 15,688 1,467 1,420 2,671 2,895 2,866 1,033 970 987 1,947 4,243 Deferred credit items 5,634 307 673 372 187 457 583 534 157 337 308 597 1,122 Other liabilities and accrued dividends1 2,020 126 780 66 122 155 74 250 48 33 56 81 228 TOTAL LIABILITIES 339,919 20,357 118,039 13,273 22,752 25,849 15,254 39,828 10,490 8,218 11,783 16,618 37,459 CAPITAL ACCOUNTS Capital paid in 2,876 98 811 115 169 201 286 326 70 78 104 225 393 Surplus 2,652 98 771 105 161 171 243 321 66 70 99 211 336 Other capital accounts 554 23 173 19 29 58 54 50 12 14 17 30 74 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 346,000 20,576 119,795 13,512 23,111 26,279 15,836 40,525 10,637 8,380 12,004 17,084 38,261 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 361,749 22,435 123,198 13,327 23,091 28,807 16,424 39,360 11,284 7,946 12,063 16,833 46,982 Less—Held by F.R. Banks 67,586 4,425 22,301 1,959 2,068 6,242 4,722 3,181 2,032 1,069 1,631 2,840 15,115 F.R. notes, net 294,164 18,010 100,897 11,367 21,023 22,565 11,702 36,179 9,251 6,878 10,431 13,993 31,867 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 273,086 Total collateral 294,164 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