H.4.1 Factors Affecting Reserve Balances of Depository Institutions

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. H4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks December 17, 1992 Millions of dollars Averac es of daily figures RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt Neek ended Change from week ended Wednesday FF..RR.. BBaannkkss,, RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss Dec 16, 1992 Dec 9, 1992 Dec 18, 1991 Dec 16, 1992 Reserve Bank credit1 2 333,738 + 4,321 + 27,282 334,820 U.S. government securities Bought outright—system account 294,929 + 1,408 + 28,149 297,995 Held under repurchase agreements 1,865 + 1,395 + 1,865 0 Federal agency obligations Bought outright 5,485 - 49 - 605 5,450 Held under repurchase agreements 0 - 6 0 0 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 20 + 9 + 8 15 Seasonal credit 18 0 - 24 22 Extended credit 2 + 2 + 1 2 Float 1,702 + 1,234 + 937 1,611 Other F.R. assets 29,719 + 327 - 3,048 29,726 Gold stock 11,057 - 1 - 1 11,057 Special drawing rights certificate account 8,304 - 1,714 - 1,714 8,018 Treasury currency outstanding 21,496 + 14 + 497 21,496 Total factors supplying reserve funds 374,596 _ 2,620 _ 26,063 375,391 Currency in circulation* 329,204 + 1,104 + 25,536 329,918 Treasury cash holdings* 517 - 4 - 113 513 Deposits, other than reserve balances, with F.R. Banks Treasury 5,002 - 74 - 836 6,958 Foreign 203 + 26 - 14 221 Service-related balances and adjustments3 5,849 + 57 + 1,476 5,848 Other 293 + 22 + 69 266 Other F.R. liabilities and capital 8,052 + 324 - 657 8,069 Total factors, other than reserve balances, absorbing reserve funds 349,119 + 1,456 + 25,462 351,793 Reserve balances with F.R. Banks4 25,477 + 1,164 + 602 23,599 On December 16, 1992, marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 287,761 million, a change of - $ 6,747 million for the week. 1 Net of $ 6,105 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 6,105 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. government securities. 2 Net of $ 5,440 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 5,440 million was with foreign official and international accounts. Includes $ 0 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 5,617 million and adjustments of $ 232 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 s ince •• WWeeddnneessddaayy Wednesday Wednesday Dec 16, 1992 Dec 9, 1992 Dec 18, 1991 ASSETS Gold certificate account 11,057 - 1 - 1 Special drawing rights certificate account 8,018 - 2,000 - 2,000 Coin 487 + 1 - 68 Loans 39 + 5 - 22 Acceptances 0 0 0 Federal agency obligations Bought outright 5,450 - 84 - 640 Held under repurchase agreements1 0 - 5 0 U.S. government securities Bought outright—Bills 144,779 + 4,569 + 10,546 Notes 118,179 0 • 16,659 Bonds 35,037 0 + 2,706 Total bought outright2 297,995 + 4,569 + 29,911 Held under repurchase agreements1 00 - 75 0 Total U.S. government securities 229977,,999955 + 4,494 ++ 29,911 Total loans and securities 303,484 + 4,410 • 29,250 Items in process of collection (1,111) 9,594 + 3,814 + 2,975 Bank premises 1,026 0 + 45 Other assets3 2288,,883344 + 248 3,054 TOTAL ASSETS ((11,,111111)) 336622,,449999 • 6,473 ++ 27,146 LIABILITIES Federal Reserve notes 309,421 + 1,191 • 24,789 Deposits Depository institutions 29,963 + 273 + 1,171 U.S. Treasury—general account 6,958 1 t 2,352 - 536 Foreign—official accounts 221 1 * 24 - 15 Other (-23) 266 - 6 + 47 Total deposits ! (-23) 37,408 + 2,643 + 667 Deferred availability cash items (1,134) 7,601 + 2,417 + 2,012 Other liabilities and accrued dividends4 1,780 - 1 - 872 TOTAL LIABILITIES (1,111) 356,210 i + 6,250 + 26,596 CAPITAL ACCOUNTS Capital paid in 3,049 + 20 + 398 Surplus 2,618 + 26 + 195 Other capital accounts 622 + 176 - 43 * 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 $ 3,000 million was outstanding at the end of the latest statement week. 2 Net of $ 5,440 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 0 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 $ 88 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 16, 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 Weekly Weekly Holdings Holdings changes changes Within 15 days 37 0 WWiitthhiinn 1155 ddaayyss 1155,,221133 ++ 33,,556677 3377 23 16 days to 90 days 2 0 1166 ddaayyss ttoo 9900 ddaayyss 7722,,004499 ++ 22,,442200 995599 + 73 Over 90 days 0 0 9911 ddaayyss ttoo 11 yyeeaarr 9944,,006699 11,,449933 11,,002244 85 OOvveerr 11 yyeeaarr ttoo 55 yyeeaarrss 6699,,995577 00 22,,559922 16 OOvveerr 55 yyeeaarrss ttoo 1100 yyeeaarrss 1188,,990033 00 669966 26 OOvveerr 1100 yyeeaarrss 2277,,880055 00 114422 12 Total 39 0 TToottaall 229977,,999955 ++ 44,,449944 55,,445500 89 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 16, 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 11,057 705 4,043 347 658 941 503 1,270 304 195 329 463 1,299 Special drawing rights certif. acct. 8,018 511 2,808 303 556 652 318 1,036 168 186 199 377 904 Coin 487 19 15 28 29 99 47 37 27 17 36 33 100 Loans 39 2 0 4 0 1 2 11 2 10 5 0 2 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Federal agency obligations Bought outright 5,450 348 2,120 166 343 426 186 675 133 85 147 200 620 Held under repurchase agreements1 0 0 0 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright—Bills 144,779 9,247 56,324 4,407 9,113 11,321 4,929 17,931 3,542 2,256 3,916 5,311 16,481 Notes 118,179 7,548 45,976 3,597 7,438 9,241 4,023 14,637 2,892 1,842 3,197 4,335 13,453 Bonds 35,037 2,238 13,631 1,066 2,205 2,740 1,193 4,339 857 546 948 1,285 3,988 Total bought outright2 297,995 19,034 115,930 9,070 18,756 23,302 10,145 36,907 7,291 4,644 8,061 10,932 33,922 Held under repurchase agraements1 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt, securities 297,995 19,034 115,930 9,070 18,756 23,302 10,145 36,907 7,291 4,644 8,061 10,932 33,922 Total loans and securities 303,484 19,383 118,050 9,241 19,099 23,729 10,333 37,593 7,427 4,739 8,214 11,132 34,544 Items in process of collection 10,705 393 2,771 1,017 310 715 1,288 907 234 467 520 505 1,578 Bank premises 1,026 89 137 44 35 127 57 112 29 33 52 165 146 Other assets3 28,834 1,186 9,068 1,073 1,721 2,082 2,289 3,526 698 699 999 2,023 3,470 Interdistrict settlement account 0 -1,224 -13,423 +1,627 + 964 -29 +2,565 -4,626 +5,299 +2,169 +4,846 +1,622 +210 TOTAL ASSETS 363,610 21,062 123,469 13,679 23,373 28,315 17,400 39,854 14,187 8,505 15,195 16,320 42,251 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 $ 3,000 million was outstanding at the end of the latest statement week. 2 Net of $ 5,440 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 0 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 $ 88 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 DECEMBER 16, 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 309,421 18,322 104,107 11,154 21,592 24,673 12,440 35,093 12,571 7,328 13,441 13,851 34,850 Deposits Depository institutions 29,963 2,038 7,308 1,292 1,041 2,468 3,610 2,975 1,145 570 1,048 1,582 4,886 U.S. Treasury—general account 6,958 0 6,958 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 221 5 122 6 8 9 13 17 3 4 5 11 18 Other 243 1 94 1 2 41 -22 89 0 4 5 25 3 Total deposits 37,384 2,044 14,482 1,299 1,051 2,519 3,600 3,081 1,149 577 1,058 1,619 4,907 Deferred credit items 8,735 349 2,318 925 249 535 770 724 276 417 428 373 1,370 Other liabilities and accrued dividends1 1,780 111 663 58 112 147 70 222 42 29 52 75 201 TOTAL LIABILITIES 357,321 20,826 121,570 13,435 23,004 27,874 16,880 39,119 14,039 8,351 14,980 15,917 41,327 CAPITAL ACCOUNTS Capital paid in 3,049 108 885 117 176 210 290 346 70 80 106 212 448 Surplus 2,618 98 771 105 161 171 230 321 66 70 99 191 336 Other capital accounts 622 31 242 21 32 61 0_ 68 12 4^ 9_ 0_ 141 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 363,610 21,062 123,469 13,679 23,373 28,315 17,400 39,854 14,187 8,505 15,195 16,320 42,251 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 365,832 21,595 120,031 13,117 23,990 30,199 17,161 39,267 14,450 8,164 15,160 16,959 45,740 Less—Held by F.R. Banks 56,411 3,273 15,924 1,963 2,398 5,526 4,721 4,174 1,879 836 1,719 3,109 10,890 F.R. notes> net 309,421 18,322 104,107 11,154 21,592 24,673 12,440 35,093 12,571 7,328 13,441 13,851 34,850 Collateral held against F.R. notes Gold certificate account ±1,057 Special drawing rights certificate account 8,018 Other eligible assets 0 U.S. govt, and agency securities 290,346 Total collateral 309,421 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