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 r-"f*4LREf>V. H4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks March 17, 1994 Millions of dollars Averages of daily figures Reserve balances of depository institutions at Week ended ! Change from week ended Wednesday F.R. Banks, Reserve 3ank credit, and related items Mar 16, 1994 r Mar 9, 1994 Mar 17, 1993 Mar 16, 1994 Reserve Bank credit1 2 375,679 1,325 37,749 378,960 U.S. government securities Bought outright — system account 334,014 169 35,342 335,800 Held under repurchase agreements 4,494 1,855 2,866 5,729 Federal agency obligations Bought outright 4,237 0 928 4,237 Held under repurchase agreements 291 54 255 505 Acceptances 0 0 0 Loans to depository institutions Adjustment credit 35 26 102 99 Seasonal credit 18 3 7 19 Extended credit 0 0 0 CI Float 323 1,085 1,895 183 Other F.R. assets 32,266 303 2,218 32,388 Gold stock 11,053 0 2 11,053, Special drawing rights certificate account 8,018 0 0 8,018 Treasury currency outstanding 22,244 14 691 22,244 Total factors supplying reserve funds 416,994 1,339 38,438 420,"274" Currency in circulation* 366,638 843 34,749 367,488 Treasury cash holdings* 378 3 133 383 Deposits, other than reserve balances, with F.R. Banks Treasury 5,463 241 100 8,19 3 Foreign 171 22 204 173 Service-related balances and adjustments3 6,744 355 439 6,744 Other 354 9 10 382 Other F.R. liabilities and capital 10,015 152 922 9,820 Total factors, other than reserve balances, absorbing reserve funds 389,762 1,259 35,682 393,182 Reserve balances with F.R. Banks4 27,232 8a 2,756 27,093 On March 16, 1994, marketable U S government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 369 072 million, a change of ~ S 4,424 million for the week. 1 Net of $ 6.552 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of 5 6.552 million was with foreign official and international accounts. Includes securities loaned-fuily secured by U,?. government securities. 2 Net of S 4,766 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4.766 million was with foreign official and international accounts. Includes $ 172 million securities loaned-fully secured U.S. government securities. 3 Consists of required clearing balances of S 6,170 million and adjustments of S 573 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 Mar 16, 1994 Mar 9, 1994 Mar 17, 1993 ASSETS Gold certificate account 11,053 0 - 2 Special drawing rights certificate account 8,018 0 0 Coin 440 • 3 78 Loans >« * 99 804 Acceptances 0 0 o Federal agency obligations Bought outright 4,237 0 - 928 Held under repurchase agreements1 505 50 • 505 U.S. government securities Bought outright--Bills 164,768 • 1,996 • 20,969 Notes 131,311 0 • 13,356 Bonds 39,721 0 • 4,460 Total bought outright2 335,800 • 1,996 • 38,785 Held under repurchase agreements1 5,729 • 2,555 + 5,679 Total U.S. government securities 341,529 • 4,551 • 44,464 Total loans and securities 346,389 •f 4,600 • 43,237 Items in process of collection (665) 6,232 • 186 • 103 Bank premises 1,054 0 • 24 Other assets3 31,328 • 235 • 2,366 TOTAL ASSETS (665) 404,514 • 5,024 • 45,650 LIABILITIES Federal Reserve notes 346,067 • 433 • 34,470 Deposits Depository institutions 34,316 • 605 • 8,729 U.S. Treasury--general account 8,193 • 3,471 • 1,263 Foreign--official accounts 173 - 31 - 535 Other (-3) 382 • 37 • 29 Total deposits (-3) 43,064 + 4,082 • 9,487 Deferred availability cash items (668) 5,564 • 393 • 795 Other liabilities and accrued dividends* 2,619 • 132 • 316 TOTAL LIABILITIES (665) 397,313 • 5,039 • 45,068 CAPITAL ACCOUNTS Capital paid in 3,441 0 • 281 Surplus 3,401 0 • 348 Other capital accounts 359 - 15 - 47 * 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 $ 2,200 million was outstanding at the end of the latest statement week. 2 Net of S 4,766 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 172 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 $ 105 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, MARCH 16, 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 113 0 WWiitthhiinn 1155 ddaayyss 21,900 + 4,413 515 40 16 days to 90 days 6 0 1166 ddaayyss ttoo 9900 ddaayyss 81,119 3,517 820 + 15 Over 90 days 0 0 9911 ddaayyss ttoo 11 yyeeaarr 104,974 + 3,655 909 25 OOvveerr 11 yyeeaarr ttoo 55 yyeeaarrss 77,654 0 1,996 * 75 OOvveerr 55 yyeeaarrss ttoo 1100 yyeeaarrss 23,818 0 477 75 OOvveerr 1100 yyeeaarrss 32,064 0 25 0 Total 118 0 TToottaall 341,529 + 4,551 4,742 50 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 MARCH 16, 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 440 26 23 25 23 79 55 31 27 19 29 41 63 Loans 118 4 2 0 0 86 0 2 5 8 7 3 2 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Federal agency obligations Bought outright 4,237 250 1,463 161 285 330 172 492 150 97 161 181 495 Held under repurchase agreements1 505 0 505 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright--Bills 164,768 9,723 56,899 6,244 11,068 12,852 6,703 19,148 5,818 3,772 6,249 7,056 19,236 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 335,800 19,815 115,961 12,726 22,557 26,193 13,661 39,024 11,856 7,686 12,736 14,381 39,203 Held under repurchase agreements1 5,729 0 5,729 0 0 0 0 0 0 0 0 0 0 Total U.S. govt, securities 341,529 19,815 121,690 12,726 22,557 26,193 13,661 39,024 11,856 7,686 12,736 14,381 39,203 Total loans and securities 346,389 20,069 123,660 12,887 22,841 26,609 13,833 39,518 12,011 7,791 12,903 14,566 39,700 Items in process of collection 6,897 450 928 427 232 509 765 626 265 471 456 517 1,251 Bank premises 1,054 91 140 47 38 138 61 113 31 36 51 158 151 Other assets3 31,328 1,249 9,969 1,045 1,970 2,321 2,464 3,570 748 771 1,126 1,971 4,123 Interdistrict settlement account 0 -3,487 •17,840 • 352 -4,119 -154 •1,448 •1,452 •1,633 -539 •860 -3,596 -11,690 TOTAL ASSETS 405,179 19,568 159,121 15,485 22,242 31,053 19,453 47,533 15,275 8,979 16,033 14,544 35,893 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 $ 2,200 million was outstanding at the end of the latest statement week. 2 Net of $ 4,766 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 172 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 $ 105 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 MARCH 16 , 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 346,067 17,040 141,485 12,697 19,137 27,278 14,359 41,610 13,567 7,155 13,910 11,574 26,254 Deposits Depository institutions 34,316 1,745 5,550 2,031 2,180 2,511 3,508 4,060 1,222 1,107 1,316 1,967 7,120 U.S. Treasury--general account 8,193 0 8,193 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 173 5 72 5 9 9 13 16 3 4 5 10 21 Other 379 1 163 --22 22 9988 11 110066 00 44 33 11 1 Total deposits 43,061 1,751 13,979 22,,003344 22,,119922"" 22,,661188 33,,552222 44,,118822 11,,222266 11,,111144 11,,332244 11,,997788 7,141 Deferred credit items 6,232 354 765 394 272 467 775 588 218 446 405 371 1,176 Other liabilities and accrued dividends1 2,619 154 805 116 169 220011 114411 332222 110033 7711 112244 111199 293 TOTAL LIABILITIES 397,978 19,299 157,034 15,242 21,770 3300,,556644 1188,,779977 4466,,770011 1155,,111144 88,,778877 1155,,776644 1144,,004433"" 34,864 CAPITAL ACCOUNTS Capital paid in 3,441• 125 985 115 225 234 321 397 75 93 129 243 498 Surplus 3,401 123 969 114 224 228 320 590 74 91 128 246 495 Other capital accounts 359 20 134 . 14 24 27 14 '45 11 9 13 12 36 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 405 •'• ,1 ' 79 19,568 159,121 15,485 22,242 31,053 19,453 47,.•* 533 15,275 8,979 16,033 14,544 35,893 FEDERAL RESERVE AGENTS* ACCOUNTS F.R. notes outstanding 413,337 20,417 161,861 14,495 22,151 32,963 19,968 47,132 16,226 8,258 15,581 15,722 38,562 Less--Held by F.R. Banks 67,271 3,376 20,376 11,,779988 33,,001144 5,685 5,610 5,523 2,659 11,,110033 11,,667711 44,,114488 12,308 F.R. notes, net 346,067 17,040 141,485 1122,,669977 1199,,113377"" 27,278 14,359 41,610 13,567 77,,115555 1133,,991100 iill,,557744 26,254 Collateral held against F.ft. notes Gold certificate account 11,053 Special drawing rights certificate account 8,01B Other eligible assets 0 U.S. govt, and agency securities 326,996 Total collateral 346,067 1 Includes exchange translation account reflecting the rrlonthiy 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