H.4.1 Factors Affecting Reserve Balances of Depository Institutions

••^£Si&; 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 6, 1994 Millions of 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 Jan 5, 1994 Dec 29, 1993 Jan 6, 1993 Jan 5, 1994 Reserve Bank credit1 2 381,185 + 1,080 + 36,951 377,739 U.S. government securities Bought outright--system account 332,602 + 851 + 37,063 334,304 Held under repurchase agreements 8,415 - 310 - 934 3,310 Federal agency obligations Bought outright 4,588 - 96 - 824 4,522 Held under repurchase agreements 851 + 49 + 123 639 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 226 + 202 - 209 1,225 Seasonal credit 11 - 11 + 4 8 Extended credit 0 0 0 0 Float 1,528 + 506 - 1,100 1,435 Other F.R. assets 32,964 - 110 + 2,828 32,296 Gold stock 11,053 0 - 2 11,054 Special drawing rights certificate account 8,018 0 0 8,018 Treasury currency outstanding 22,053 +_ 14 + 601 22,053 Total factors supplying reserve funds 422,310 1,094 + 37,550 418,864 - Currency in circulation* 365,563 435 • 31,061 365,527 Treasury cash holdings* 378 + 1 - 129 381 Deposits,, other than reserve balances, with F.R. Banks Treasury 9,813 + 2,697 + 1,453 6,736 Foreign 303 + 45 + 85 263 Service-related balances and adjustments3 6,575 - 29 + 396 6,573 Other 343 • 85 + 1 224 Other F.R. liabilities and capital 9,386 - 400 + 1,359 9,406 Total factors, other than reserve balances, absorbing reserve funds 392,361 + 1,965 + 34,225 389,110 Reserve balances with F.R. Banks4 29,949 - 870 + 3,325 29,754 On January 5, 1994, marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 351,034 million, a change of + $ 2,207 million for the week. 1 Net of $ 6,982 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 6,982 million was with foreign official and international accounts. Includes securities JoaneJ- fully secured by U.S. government securities. 2 Net of $ 5,279 miilion matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 5,279 million was with foreign official and international accounts. Includes $ 70 million securities loaned-fully secured U.S. government securities. 3 Consists of required clearing balances of $ 6,335 million and adjustments of $ 239 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 Jan 5, 1994 Dec 29, 1993 Jan 6, 1993 ASSETS Gold certificate account 11,054 0 2 Special drawing rights certificate account 8,018 0 0 Coin 358 0 91 Loans 1,233 + 1,186 + 1,067 Acceptances 0 0 0 Federal agency obligations Bought outright 4,522 - 117 - 891 Held under repurchase agreements1 639 - 246 - 281 U.S. government securities Bought outright-~Bills 162,657 + 1,402 + 19,510 Notes 132,076 0 + 13,897 Bonds 39,572 0 + 4,534 Total bought outright2 334,304 + 1,402 + 37,941 Held under repurchase agreements1 3,310 - 8,108 - 12,766 Total U.S. government securities 337,614 - 6,706 + 25,175 Total loans and securities 344,008 - 5,883 + 25,070 Items in process of collection (702) 7,594 + 1,988 - 328 Bank premises 1,055 0 + 29 Other assets3 31,308 - 1,290 + 1,790 TOTAL ASSETS (702) 403,395 - 5,184 + 26,468 LIABILITIES Federal Reserve notes 344,213 1,665 + 31,122 Deposits Depository institutions 36,633 - 5,464 - 4,449 U.S. Treasury--general account 6,736 + 1,328 - 1,104 Foreign--official accounts 263 - 23 + 89 Other (1) 224 - 21 - 4 Total deposits (1) 43,856 - 4,180 - 5,470 Deferred availability cash items (700) 5,920 + 872 - 447 Other liabilities and accrued dividends4 2,389 - 145 + 52 TOTAL LIABILITIES (702) 396,377 - 5,118 + 25,257 CAPITAL ACCOUNTS Capital paid in 3,402 + 24 + 338 Surplus 3,388 + 334 + 672 Other capital accounts 228 - 424 + 202 * 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-purchasa transactions to foreign official and international accounts of which $ 2,087 million was outstanding at the end of the latest statement week 2 Net of $ 5,279 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 70 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 $ 40 million in Treasury bills maturing within 30 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, JANUARY 5, 1994 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 1,228 0 WWiitthhiinn 1155 ddaayyss 2211,,332299 88,,773399 639 426 16 days to 90 days 4 0 1166 ddaayyss ttoo 9900 ddaayyss 7744,,887777 ++ 22,,552211 775 + 210 Over 90 days 0 0 9911 ddaayyss ttoo 11 yyeeaarr 110055,,118844 996699 1,048 30 OOvveerr 11 yyeeaarr ttoo 55 yyeeaarrss 7799,,882266 ++ 448800 2,105 0 OOvveerr 55 yyeeaarrss ttoo 1100 yyeeaarrss 2244,,665599 00 569 0 OOvveerr 1100 yyeeaarrss 3311,,773399 00 25 117 Total 1,233 0 TToottaall 333377,,661144 66^^770066 5,161 363 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 5, 1994 Millions of dollars " " T Kansas San Total Boston j New York Philadelphia CSeveland Richmond Atlanta Chicago St Louis Minneapolis City [ Dallas Francisco ASSETS Sold certificate account 11,Q54 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 358 10 10 14 18 64 54 31 20 15 21 43 58 Loans 1,233 1 1,220 2 0 0 3 0 0 4 1 0 2 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Federal agency obligations Bought outright 4,522 267 1,561 171 304 353 184 525 160 104 171 194 528 Held under repurchase agreements1 639 0 639 0 0 0 0 0 0 0 0 0 0 U«$. government secur it ies Bought outright--Bills 162,657 9,598 56,170 6,164 10,926 12,687 6,617 18,903 5,743 3,723 6,169 6,966 18^989 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 15,419 Bonds 39,572 2,335 13,665 1,500 2,658 3,087 1,610 4,599 1,397 906 1,501 1,695 4,620 Total bought outright2 334,304 111999,,,777222777 111111555,,,444444555 111222,,,666666999 2222,,445566 26,076 13,600 38,851 11,804 7,652 1122,,667799 1144,,331177 39,028 Held under repurchase agreements1 3,310 000 333,,,333111000 000 00 0 0 0 0 0 00 00 0 Total U.S. govt, securities j 337,614 111999777777222777 111111888,,,777555555""" """"""111222 777666666999 2222,,445566 26,076 13,600 38,851 11,804 7,652 1122,,667799 TT44,,~~33rr77 39,028 Total loans and securities ! 344,008 111999///999999555""" 111222222,,,111777555""" """~~~~~~ """"""111222///888444222""" 22,760 26,429 13,787 39,376 11,963 7,760 12,851 14,511 39,558 Items in process of collection 8,296 725 860 471 329 854 833 701 287 583 525 614 1,515 Bank premises 1,055 91 140 47 37 139 61 113 31 35 51 158 151 Other assets3 31,308 1,264 9,847 1,169 1,813 2,417 2,513 3,495 807 771 1,093 1,913 4jS204 Interdistrict settlement account ! o -3,601 +12,325 + 121 -3,176 +1,730 +2,205 +1,139 +2,157 -354 +1,555 -2,312 -11,789 TOTAL ASSETS 404,096 19,654"' 1517920 15/367 23,038 33,184 20,279 47,078 15,826 9/239 16,704 15,814 35,993 1 Does not include U.S. government and federal agency secuniies resold under matched sale-purchase transactions to foreign official and international accounts, of which $ 2,08? million was outstanding at the end of the latest statement week. 2 Net of $ 5,278 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 70 million securities loaned—fully secured by U.S. government securities. 3 Includes assets denominated in foreign currencies, revalyed monthly at market exchange rates. Includes special investment account at Chicago of $ 40 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 JANUARY 5, 1994 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 344,213 17,216 135,511 12,927 20,237 28,121 14,787 41,734 13,930 7,062 14,434 12,071 26,182 Deposits Depository institutions 36,633 1,673 5,950 1,688 1,965 3,861 3,964 3,542 1,426 1,357 1,438 2,600 7,168 U.S. Treasury--general account 6,736 0 6,736 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 263 5 164 5 8 10 13 16 3 4 5 10 21 Other 22S 1 134 1 1 18 2 42 8 4 8 3 3 Total deposits 43,857 1,679 12,985 1,694 1,974 3,889 3,979 3,600 1,438 1,364 1,451 2,613 7,192 Deferred credit items 6,620 356 659 399 211 518 724 662 213 560 439 542 1,336 Other liabilities and accrued dividends1 2,389 143 737 112 153 182 132 274 96 65 115 110 271 TOTAL LIABILITIES 397,079 19,394 149,891 15,132 22,575 32,710 19,622 46,270 15,677 9,052 16,439 15,335 34,981 CAPITAL ACCOUNTS Capital paid in 3,402 123 969 114 224 229 320 390 74 91 128 246 495 Surplus 3,388 123 969 114 224 228 320 390 74 91 128 232 495 Other capital accounts 228 14 92 8 16 16 18 28 1^ 5 9 0 22 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 404,096 19,654 151,920 15,367 23,038 33,184 20,279 47,078 15,826 9,239 16,704 15,814 35,993 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 408,921 19,674 157,475 14,450 23,440 34,031 19,579 45,729 16,720 8,230 16,012 16,024 37,558 Less--Held by F.R. Banks 64,708 2,457 21,964 1,524 3,203 5,909 4,791 3,995 2,790 1,169 1,578 3,952 11,376 F.R. notes, net 344,213 17,216 135,511 12,927 20,237 28,121 14,787 41,734 13,930 7,062 14,434 12,071 26,182 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 325,141 Total collateral 344,213 1 includes exchange translation account reflecting the monthly revaluation at markei 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