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. H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks January 13, 1994 Millions of dollars Averages of daily fi gures RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt Week ended Change from week ended Wednesday FF..RR.. BBaannkkss,, RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss Jan 12, 1994 Jan 5, 1994 Jan 13, 1993 Jan 12, 1994 Reserve Bank credit1 2 372,753 - 8,425 + 36,613 370,871 U.S. government securities Bought outright--system account 333,022 + 420 + 33,970 332,913 Held under repurchase agreements 1,487 - 6,928 + 623 0 Federal agency obligations Bought outright 4,522 - 67 - 891 4,522 Held under repurchase agreements 186 - 666 + 154 0 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 9 - 218 - 31 3 Seasonal credit 9 - 1 + 4 11 Extended credit 0 0 0 0 Float 1,129 - 393 - 3 965 Other F.R. assets 32,390 - 574 + 2,788 32,457 Gold stock 11,053 0 - 2 11,053 Special drawing rights certificate account 8,018 0 0 8,018 Treasury currency outstanding 22,067 + 14 + 606 22,067 Total factors supplying reserve funds 413,892 - 8,411 _ 37,217 412,010 Currency in circulation* 363,714 - 1,849 + 31,838 363,655 Treasury cash holdings* 470 + 92 - 35 384 Deposits, other than reserve balances, with F.R. Banks Treasury 4,035 - 5,779 - 1,458 4,093 Foreign 191 - 111 - 4 171 Service-related balances and adjustments3 7,035 + 460 + 565 7,035 Other 239 - 104 - 16 299 Other F.R. liabilities and capital 9,552 + 166 + 1,290 9,459 Total factors, other than reserve balances, absorbing reserve funds 385,235 - 7,126 + 32,180 385,095 Reserve balances with F.R. Banks4 28,657 - 1,286 + 5,036 26,914 On January 12, 1994. marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 350,916 million, a change of - $ 118 million for the week. 1 Net of $ 6,561 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 6,561 million was with foreign official and international accounts Includes securities loaned-fully secured by U.S. government securities. 2 Net of $ 6,671 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 6,671 million was with foreign official and international accounts. Includes $ 69 million securities loaned-fully secured U.S. government securities. 3 Consists of required clearing balances of $ 6,332 million and adjustments of $ 702 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 12, 1994 Jan 5, 1994 Jan 13, 1993 ASSETS Gold certificate account 11,053 0 2 Special drawing rights certificate account 8,018 0 0 Coin 380 + 22 82 Loans 14 1,218 26 Acceptances 0 0 0 Federal agency obligations Bought outright 4,522 0 891 Held under repurchase agreements1 0 639 0 U.S. government securities Bought outright--Bills 161,265 1,392 + 17,717 Notes 132,076 0 + 13,897 Bonds 39,572 0 + 4,534 Total bought outright2 332,913 - 1,392 + 36,149 Held under repurchase agreements1 0 - 3,310 0 Total U.S. government securities 332,913 - 4,702 + 36,149 Total loans and securities 337,449 - 6,559 + 35,232 Items in process of collection (611) 6,356 - 1,238 - 1,037 Bank premises 1,056 • 1 + 30 Other assets3 31,419 + 111 + 2,697 TOTAL ASSETS (611) 395,730 - 7,664 + 36,836 LIABILITIES Federal Reserve notes 342,351 1,861 + 32,012 Deposits Depository institutions 33,997 2,636 + 4,379 U.S. Treasury--general account 4,093 2,642 - 987 Foreign--official accounts 171 - 92 - 32 Other 299 + 75 + 18 Total deposits 38,561 - 5,295 + 3,378 Deferred availability cash items (611) 5,359 _ 561 + 348 Other liabilities and accrued dividends4 j 2,353 - 35 + 112 TOTAL LIABILITIES (611) 388,625 - 7,752 + 35,849 CAPITAL ACCOUNTS Capital paid in 3,402 + 1 + 337 Surplus j 3,401 + 14 + 536 Other capital accounts J 302 + 74 + 114 * 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 $ 6,671 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 69 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, JANUARY 12, 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 8 0 WWiitthhiinn 1155 ddaayyss 1166,,880022 4,527 8855 554 16 days to 90 days 6 0 1166 ddaayyss ttoo 9900 ddaayyss 7788,,114400 + 3,264 880055 + 30 Over 90 days 0 0 9911 ddaayyss ttoo 11 yyeeaarr 110011,,774466 3,438 996600 88 OOvveerr 11 yyeeaarr ttoo 55 yyeeaarrss 7799,,882266 0 22,,007788 27 OOvveerr 55 yyeeaarrss ttoo 1100 yyeeaarrss 2244,,665599 0 556699 0 OOvveerr 1100 yyeeaarrss 3311,,773399 0 2255 0 Total 14 0 TToottaall 333322,,991133 4,702 44,,552222 639 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 12, 1994 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco ASSETS Gold certificate account 11,053 660 3,753 399 701 899 509 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 380 12 10 15 21 67 55 34 21 14 22 44 63 Loans 14 3 0 2 0 0 0 0 0 6 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 0 0 0 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright--Bills 161,265 9,516 55,689 6,112 10,833 12,579 6,561 18,741 5,694 3,691 6,116 6,906 18,827 Notes 132,076 7,79<* 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 1133,,666655 11,,550000 22,,665588 33,,008877 11,,661100 44,,559999 1,397 906 11,,550011 11,,669955 4,620 Total bought outright2 332,913 19,645 111144,,996644 1122//661177 2222,,336633 2255,,996688 1133,,554433 3388,,668899 11,754 7,620 1122,,662266 1144,,22~~5588~~ 38,866 Held under repurchase agreements1 0 0 000 000 0 0 00 00 000 000 000 000 0 Total U.S. govt, securities 332,913 \ 19,645 111111444,,,999666444 111222///666111777""" 2222,,336633 25,968 1133,,554433 3388,,668899 111111,,,777555444 777,,,666222000 111222,,,666222666 111444,,,222555888""" 38,866 Total loans and securities 337,449 19,915 111111666777555222666 111222,,,777999000 2222,,666677 26,320 13,727 39,215 """111111,,,999111444""" 777~~~,,,777333000~~~ 111222""",,, 777999999 111444,,,444555111 39,396 Items in process of collection 6,967 416 798 506 293 503 796 623 226 444 655 513 1,194 Bank premises 1,056 91 140 47 38 139 61 113 31 35 51 158 151 Other assets3 31,419 1,280 9,780 1,180 1,831 2,406 2,512 3,570 798 778 1,108 1,928 4,247 Interdistrict settlement account 00 -3,513 ++1166,,119977 ++ 444444 -2,916 +1,025 +1,013 +1,788 +2,123 -653 +1,172 --22,,886677 -13,813 TOTAL ASSETS 339966,,334422 19,371 115500,,001122 1155,,668855 23,190 32,011 18,992 47,565 15,674 8,778 16,415 1155,,111155 33,533 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 $ 6,671 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 69 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 JANUARY 12, 1994 Millions of dollars Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San City Francisco LIABILITIES Federal Reserve notes 342,351 16,839 136,503 12,652 20,028 27,969 14,257 41,672 13,838 7,013 14,193 11,937 25,449 Deposits Depository institutions 33,997 1,746 5,775 2,297 2,307 2,894 3,280 4,135 1,395 1,060 1,406 2,163 5,541 U.S. Treasury--general account 4,093 0 4,093 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 171 5 72 5 8 10 13 16 3 4 5 10 21 Other 299 2 131 11 22 5544 22 9900 88 33 33 22 1 Total deposits 38,561 1,753 10,071 22,,330033 22,,331177 22,,995588 33,,229955 44,,224411 11,,440077 11,,006677 11,,441133"" 22,,117744 5,563 Deferred credit items 5,970 373 683 379 224 418 664 5b4 174 443 422 405 1,223 Other liabilities and accrued dividends1 2,353 142 770033 111122 115522 118811 113344 227733 9955 6644 111177 110099 270 TOTAL LIABILITIES 389,236 19,107 114477,,996600"" 1155,,4444 66 2222,,772211 3311,,552266 1188,,335500 4466,,774499 1155,,551144~~ 88,,558877 1166,,114466 1144,,662255 32,505 CAPITAL ACCOUNTS Capital paid in 3,402 123 969 114 224 230 320 389 74 92 128 244 495 Surplus 3,401 123 969 114 224 228 320 390 74 91 128 246 495 Other capital accounts 302 19 114 12 22 2277 oo 3377 1111 77 13 0 38 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 396,342 19,371 150,012 15,685 23,190 32,011 18,992 47,565 15,674 8,778 16,415 15,115 33,533 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 409,691 19,610 158,653 14,410 23,391 34,064 19,298 46,085 16,687 8,312 16,030 15,953 37,199 Less--Held by F.R. Banks 67,339 2,771 2222,,114499 11,,775588 33,,336633 6,094 5,040 44,,441133 22,,884499 11,,229999 11,,883377 44,,001166 11,751 F.R. notes, net ' 342,351 16,839 113366,,550033 1122,,665522 2200,,002288 27,969 14,257 4411,,667722 1133,,883388'' 77,,001133 1144,,119933 1111,,993377"" 25,449 Collateral held against F.R. notes Gold certificate account 11,053 Special drawing rights certificate account 8,018 Other eligible assets 0 U.S. govt, and agency securities 323,280 Total collateral 342,351 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