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 .f«5T«£V 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 February 24, 1994 Millions of dollars Averages o f daily fjg ures RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt Week ended Change fro» week ended Wednesday FF..RR.. BBaannkkss,, RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss Feb 23, 1994 "Feb 16, 1994 Feb 24, 1993 ! Feb 23, 1994 Reserve Bank credit1 2 372,770 • 1,219 • 39,277 378,399 U.S. government securities Bought outright--system account 332,277 + 568 + 34,141 335,098 Held under repurchase agreements 3,364 + 2,478 + 3,364 3,449 Federal agency obligations Bought outright 4,382 - 31 - 878 4,382 Held under repurchase agreements 275 + 180 + 275 230 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 31 99 + 7 9 Seasonal credit 15 0 - 7 16 Extended credit 0 0 0 0 Float 886 - 822 - 44 3,754 Other F.R. assets 31,540 - 1,056 • 2,419 31,460 Gold stock 11,053 0 - 2 11,053 Special drawing rights certificate account 8,018 0 0 8,018 Treasury currency outstanding 22,202 14 _+ 684 22,202 •»• Total factors supplying reserve funds 414,043 + 1,233 39,958 419,672 Currency in circulation* 364,905 + 948 • 34,688 365,815 Treasury cash holdings* 373 + 1 - 90 365 Deposits, other than reserve balances, with F.R. Banks Treasury 5,985 + 1,294 + 1,018 4,920 Foreign 261 - 46 + 24 189 Service-related balances and adjustments3 6,547 - 638 + 367 6,547 Other 312 - 2 • 6 307 Other F.R. liabilities and capital 9,826 - 34 + 898 9,705 Total factors, other than reserve balances, absorbing reserve funds 388,210 + 1,523 + 36,912 387,848 Reserve balances with F.R. Banks4 25,834 - 291 • 3,047 31,823 On February 23, 1994, marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 360,084 million, a change of + $ 586 million for the week. 1 Net of $ 6,733 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 6,733 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. government securities. 2 Net of $ 4,115 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4,115 million was with foreign official and international accounts. Includes $ 145 million securities loaned-fully secured U.S. government securities. 3 Consists of required clearing balances of $ 6,226 million and adjustments of $ 321 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 J •• WWeeddnneessddaayy Wednesday Wednesday Feb 23, 1994 Feb 16, 1994 1 Feb 24, 1993 ASSETS Gold certificate account 11,053 0 2 Special drawing rights certificate account 8,018 0 0 Coin 444 9 87 Loans 25 21 24 Acceptances 0 0 0 Federal agency obligations Bought outright 4,382 0 - 878 Held under repurchase agreements1 230 222 + 230 U.S. government securities Bought outright--Bills 164,066 4 3,813 + 17,505 Notes 131,311 0 + 13,356 Bonds 39,721 0 + 4,460 Total bought outright2 335,098 + 3,813 + 35,320 Held under repurchase agreements1 3,449 + 751 + 3,449 Total U.S. government securities 338,547 + 4,564 4- 38,769 Total loans and securities 343,184 • 4,320 4 38,097 Items in process of collection (1,668) 11,995 + 5,873 4 6,864 Bank premises 1,055 0 4 29 Other assets3 30,436 • 192 + 2,206 TOTAL ASSETS (1,668) 406,184 • 10,378 4 47,107 LIABILITIES ! Federal Reserve notes 344,422 + 1,030 4 35,023 Deposits Depository institutions 38,590 + 5,005 4 7,673 U.S. Treasury--general account 4,920 + 1,967 - 53 Foreign--official accounts 189 - 195 - 43 Other 307 - 17 • 25 Total deposits 44,006 + 6,759 4 7,603 Deferred availability cash items (1,668) 8,051 •f 2,580 4 3,593 Other liabilities and accrued dividends4 2,515 - 2 4 211 TOTAL LIABILITIES (1,668) 398,994 + 10,367 4 46,429 CAPITAL ACCOUNTS Capital paid in 3,437 • 7 4 327 Surplus 3,401 0 4 348 Other capital accounts 353 + 3 4 3 * 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 $ 2,080 million was outstanding at the end of the latest statement week. 2 Net of $ 4,115 million matched sale-purchase transactions outstanding at the end of the latest statement week Includes $ 145 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 $ 106 milliori 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, FEBRUARY 23, 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 24 0 WWiitthhiinn 1155 ddaayyss 2211,,774499 ++ 77,,558899 595 222 16 days to 90 days 1 0 1166 ddaayyss ttoo 9900 ddaayyss 7788,,224466 22,,880088 520 0 Over 90 days 0 0 9911 ddaayyss ttoo 11 yyeeaarr 110044,,663344 221177 944 0 OOvveerr 11 yyeeaarr ttoo 55 yyeeaarrss 7788,,003377 00 1,976 0 OOvveerr 55 yyeeaarrss ttoo 1100 yyeeaarrss 2233,,881188 00 552 0 OOvveerr 1100 yyeeaarrss 3322,,006644 00 25 0 Total 25 0 TToottaall 333388,,554477 ++ 44,,556644 4,612 222 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 FEBRUARY 23, 1994 Millions of dollars Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San City 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 444 21 18 23 22 78 60 33 29 19 28 46 66 Loans 25 5 0 2 0 2 0 0 5 6 3 0 3 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Federal agency obligations Bought outright 4,382 259 1,513 166 294 342 178 509 155 100 166 188 512 Held under repurchase agreements1 230 0 230 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright--Bills 164,066 9,681 56,657 6,218 11,021 12,797 6,674 19,067 5,793 3,755 6,223 7,026 19,154 Notes 131,311 7,749 45,345 4,976 8,821 10,242 5,342 15,260 4,636 3,006 4,980 5,624 15,330 Bonds 39,721 2,344 13,717 1,505 2,668 3,098 1,616 4,616 1,402 909 1,507 1,701 4,637 Total bought outright2 335,098 19,774 115,719 12,699 22,510 26,138 13,632 38,943 11,832 7,670 12,709 14,351 39,121 Held under repurchase agreements1 3,449 0 3,449 0 0 0 0 0 0 0 0 0 0 Total U.S. govt, securities 338,547 19,774 119,168 12,699 22,510 26,138 13,632 38,943 11,832 7,670 12,709 14,351 39,121 Total loans and securities 343,184 20,038 120,911 12,867" 22,804 26,482 13,811 39,452 11,991 7,777 12,878 14,539 39,635 Items in process of collection 13,663 804 1,597 1,720 668 1,061 1,496 1,376 476 685 961 788 2,031 Bank premises 1,055 91 140 47 38 139 61 113 31 36 51 158 151 Other assets3 30,436 1,216 9,484 1,025 1,926 2,277 2,431 3,480 742 758 1,105 1,948 4,043 Interdistrict settlement account 0 -3,326 +21,140 + 364 -3,586 + 261 + 736 -108 +1,563 -1,287 + 697 -3,321 -13,132 TOTAL ASSETS 407,852 20,015 159,851 16,747 23,129 31,849 19,423 46,568 15,392 8,417 16,328 15,044 35,090 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 $ 2,080 million was outstanding at the end of the latest statement week. 2 Net of $ 4,115 million matched sale-purchase transactions outstanding at the end of the latest statement week Includes $ 145 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 $ 106 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 FEBRUARY 23, 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 344,422 16,542 141,895 12,671 19,423 27,471 14,251 41,125 13,711 7,101 13,945 11,934 24,352 Deposits Depository institutions 38,590 2,342 8,933 2,249 2,680 2,886 3,317 3,402 1,086 503 1,321 1,956 7,914 U.S. Treasury—general account 4,920 0 4,920 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 189 5 88 5 9 9 13 16 3 4 5 10 21 Other 307 1 121 1 2 63 1 109 0 4 3 1 2 Total deposits 44,006 2,348 14,061 2,255 2,692 2,958 3,331 3,527 1,089 511 1,329 1,968 7,937 Deferred credit items 9,719 713 1,026 1,463 382 731 1,045 808 330 546 662 525 1,485 Other liabilities and accrued dividends1 2,515 148 783 115 160 195 114422 228855 110011 6677 112222 111166 282 TOTAL LIABILITIES 400,662 19,750 157,766 16,505 22,658 31,355 1188,,776699 4455,,774455 1155,,223322 88,,222255 1166,,005599 1144,,554422 34,056 CAPITAL ACCOUNTS Capital paid in 3,437 123 987 115 225 234 321 394 75 93 129 244 498 Surplus 3,401 123 969 114 224 228 320 390 74 91 128 246 495 Other capital accounts 353 18 130 13 23 31 12 39 . 11 99 1122 1122 41 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 407,852 20,015 159,851 16,747 23,129 31,849 19,423 46,568 15,392 8,417 16,328 15,044 35,090 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 411,490 19,875 162,387 14,564 22,689 33,266 19,267 46,629 16,391 8,284 15,748 15,845 36,546 Less--Held by F.R. Banks 67,069 3,333 20,492 1,893 33,,226666 55,,779955 55,,001166 55,,550033 22,,668800 11,,118833 11,,880033 33,,991111 12,194 F.R. notes, net 344,422 16,542 141,895 12,671 ~~ 1199,,442233"" 2277,,447711 1144,,225511 4411,,112255 1133,,771111"" 77,,110011 1133,,994455 1111,,993344 24,352 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 325,351 Total collateral 344,422 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