H.4.1 Factors Affecting Reserve Balances of Depository Institutions

•;£&£&: FEDERAL RESERVE •.__ ~w™.,__«. ,-__M^___w,.,,„_,,^___,i. „»„,.. „ ., ,..„„, i-• .iiKiii ii i, n jl i.iii_ii,.i,iill» i > | -••mi in i-. •• .I.I.III. 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 R£ H..4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks December 23, 1993 friiH,;,.**£ ot dollars Averages of daily figures RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt Week ended Change from week ended Wednesday FF..RR.. BBaannkkss,, RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss Dec 22, 1993 Dec 15, 1993 Dec ;2 3, 1992 Dec 22, 1993 Reserve Bank credit1 2 377,300 + 6,721 + 38,612 382,980 U.S. government securities Bought outright--system account 332,605 - 623 + 36,467 331,236 Held under repurchase agreements 6,231 + 6,231 + 112 11,675 Federal agency obligations Bought outright 4,719 0 - 730 4,719 Held under repurchase agreements 100 + 100 - 3 359 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 30 + 9 - 29 51 Seasonal credit 30 - 7 + 11 23 Extended credit 0 0 - 1 0 Float 872 + 195 + 41 1,781 Other F.R, assets 32,713 + 817 + 2,744 33,136 Gold stock 11,054 0 - 3 11,054 Special drawing rights certificate account 8,018 0 0 8,018 Treasury currency outstanding 22,025 + 14 + 589 22,025 Total factors supplying reserve funds 418,397 + 6,735 _____ 39,197 424,077 Currency in circulation* 363,505 + 3,001 + 32,357 366,000 Treasury cash holdings* 373 0 - 139 376 Deposits other than reserve balances, with F.R. Banks t Treasury 8,264 + 3,100 + 500 8,823 Foreign 252 + 31 + 32 288 Service-related balances and adjustments3 6,631 - 234 + 851 6,631 Other 303 - 3 - 11 269 Other F.R. liabilities and capital 9,771 + 143 + 1,572 9,670 Total factors, other than reserve balances, absorbing reserve funds 389,099 + 6,037 + 34,963 392,059 Reserve balances with F.R. Banks* 29,298 + 699 + 4,235 32,019 On December 22, 1993, marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 352,077 million, a change of 4- $ 6,919 million for the week. 1 Net of $ 6,509 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 6,509 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. government securities. 2 Het of $ 8,214 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 3.214 million was with foreign official and international accounts. Includes $ 465 million securities loaned-fully secured U.S. government securities. 3 Consists of required clearing balances of $ 6,232 million and adjustments of $ 399 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 Dec 22, 1993 Dec 15, 1993 Dec 23, 1992 ASSETS Gold certificate account 11,054 0 - 3 Special drawing rights certificate account 8,018 0 0 Coin 366 - 18 - 110 Loans 74 - 89 - 32 Acceptances 0 0 0 Federal agency obligations Bought outright 4,719 0 - 730 Held under repurchase agreements1 359 + 359 + 82 U.S. government securities Bought outright--Bills 159,588 - 3,286 + 16,739 Notes 132,076 0 + 13,897 Bonds 39,572 0 + 4,534 Total bought outright2 331,236 - 3,286 + 35,170 Held under repurchase agreements1 11,675 + 11,675 - 1,457 Total U.S. government securities 342,911 + 8,389 + 33,713 Total loans and securities 348,064 + 8,659 + 33,033 Items in process of collection (750) 7,594 + 513 - 824 Bank premises 1,053 + 1 • 26 Other assets3 32,106 + 1,127 • 2,746 TOTAL ASSETS (750) 408,255 + 10,282 + 34,868 LIABILITIES Federal Reserve notes 344,717 + 4,605 + 31,986 Deposits Depository institutions 38,496 + 2,514 - 680 U.S. Treasury--general account 8,823 + 2,991 + 2,255 Foreign--official accounts 288 + 10 + 110 Other 269 - 44 - 36 Total deposits 47,877 + 5,471 + 1,649 Deferred availability cash items (750) 5,991 + 18 - 93 Other liabilities and accrued dividends4 2,570 + 162 + 580 TOTAL LIABILITIES (750) 401,155 + 10,256 • 34,122 CAPITAL ACCOUNTS Capital paid in 3,377 - 17 + 323 Surplus 3,054 0 + 413 Other capital accounts 669 + 43 + 9 * 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 $ 8,214 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 465 million securities loaned-fully secured by U.S. governments securities. 3 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes special investment accourt at Chicago of $ 98 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 22, 1993 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 73 0 WWiitthhiinn 1155 ddaayyss 2244,,443300 + 7,172 620 + 539 16 days to 90 days 1 0 1166 ddaayyss ttoo 9900 ddaayyss 7766,,995599 2,765 555 180 Over 90 days 0 0 9911 ddaayyss ttoo 11 yyeeaarr 110055,,777777 + 3,981 1,081 0 OOvveerr 11 yyeeaarr ttoo 55 yyeeaarrss 7799,,334466 0 2,112 0 OOvveerr 55 yyeeaarrss ttoo 1100 yyeeaarrss 2244,,665599 0 569 0 OOvveerr 1100 yyeeaarrss 3311,,773399 0 142 0 Total 74 0 TToottaall 334422,,991111 + 8,389 5,078 + 359 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 22, 1993 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco ASSETS Gold certificate account 11,054 660 3,754 399 701 899 509 1,186 392 243 409 510 1,392 Special drawing rights certif. acct. 8,018 511 2,808 303 556 652 318 1,036 168 186 199 377 904 Coin 366 12 11 15 21 63 53 30 21 15 22 39 64 Loans 74 1 1 4 0 0 4 2 20 16 5 Q 21 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Federal agency obligations Bought outright 4,719 278 1,630 179 317 368 192 S48 167 108 179 202 SSI Held under repurchase agreements^ 359 0 359 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright--Bilis 159,588 9,417 55,110 6,048 10,720 12,448 6,492 18,546 5,635 3,653 6,053 6,835 18,631 Notes 132,076 7,794 45,610 5,005 8,872 10,302 5,373 15,349 4,663 3,023 5,009 5,656 15,41-E Bonds 39,572 2,335 13,665 1,500 2,658 3,087 1,610 4,599 1,397 906 1,591 11,,669955 4,62e Total bought outright2 331,236 19,546 114,385 12,553 22,250 25,837 13,475 38,494 11,695 7,582 12,563 "" 1144,,118866 38,67* Held under repurchase agreements* 11,675 o 11,675 0 00 00 00 00 000 0 0 0 * Total U.S. govt, securities 342,911 19,546 126,060 12,553 2222,,225500 2255,,883377 1133,,447755"" 3388,,449944~~ 111111,,,666999555 77,,558822 1122,,556633 1144,,118866 38,67; Total loans and securities 348,064 19,825 128,050 12,736 22,567 26,205 13,671 39,044 ~~~TTTlll,,,888888222 77,,770066** ~~ 1122,,774477"" ""1144,,338888 39,242 Items in process of collection 8,344 547 1,117 580 302 510 1,008 831 253 491 571 646 1,488 Bank premises 1,053 91 140 46 38 139 60 113 30 35 51 159 ISO Other assets3 32,106 1,254 10,582 1,170 1,815 2,392 2,515 3,569 789 773 1,095 1,923 4,230 Interdistrict settlement account 0 -2,728 +9,412 +599 -2,513 +1,2.77 +2,594 +2,255 +2,265 -212 +1,783 -2,244 -12,487 TOTAL ASSETS 409,005 20,172 155,874 15,848 23,487 32,138 20,728 48,064 15,800 9,236 16,878 15,798 34,983 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 $ 8,214 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 465 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 $ 98 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 22, 1993 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 344,717 17,371 134,502 13,104 20,153 28,061 15,354 41,573 14,055 7,043 14,532 12,299 26,669 Deposits Depository institutions 38,496 2,023 8,504 1,940 2,414 2,858 3,753 4,611 1,267 1,459 1,491 2,490 5,688 U.S. Treasury--general account 8,823 0 8,823 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 288 5 190 5 8 10 13 16 3 4 5 10 21 Other 269 1 132 3 0 24 2 99 0 3 1 1 2 Total deposits 47,877 2,029 17,648 1,949 2,422 2,892 3,768 4,725 1,270 1,466 1,497 2,501 5,711 Deferred credit items 6,741 361 838 444 278 515 816 661 215 469 460 395 1,289 Other liabilities and accrued dividends1 2,570 147 828 113 163 191 141 290 100 69 121 120 287 TOTAL LIABILITIES 401,905 19,907 153,816 15,609 23,016 31,660 20,078 47,250 15,640 9,047 16,610 15,315 33,955 CAPITAL ACCOUNTS Capital paid in 3,377 123 969 114 224 228 320 388 74 91 128 223 495 Surplus 3,054 108 885 117 176 210 290 346 70 80 109 212 450 Other capital accounts 669 33 205 7_ 71 39 40 79 15 18 31 48 82 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 409,005 20,172 155,874 15,848 23,487 32,138 20,728 48,064 15,800 9,236 16,878 15,798 34,983 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 411,312 19,771 157,740 14,562 23,553 34,156 20,230 45,838 16,792 8,238 16,058 16,227 38,147 Less--Held by F.R. Banks 66,595 2,399 23,238 1,457 3,400 6,095 4,876 4,265 2,737 1,196 1,525 3,928 11,478 F.R. notes, net 344,717 17,371 134,502 13,104 20,153 28,061 15,354 41,573 14,055 7,043 14,532 12,299 26,669 Collateral held against F.R. notes Gold certificate account 11,054 Special drawing rights certificate account 8,018 Other eligible assets 0 U.S. govt, and agency securities 325,645 Total collateral 344,717 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