H.4.1 Factors Affecting Reserve Balances of Depository Institutions

\°2£^&* ;DERAL 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. •f^tRE^ H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks March 24, 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 Bank credit, and related items Mar 23, 1994 Mar 16, 1994 [Mar 24, 1993 Mar 23, 1994 Reserve Bank credit1 2 375,385 J 254 38,669 378,948 U.S. government securities Bought outright--system account 336,682 | 2,668 + 36 ,596 336,824 Held under repurchase agreements 1,293 J 3,202 + 1 ,293 3,725 Federal agency obligations - Bought outright 4,237 | 0 928 4,237 Held under repurchase agreements 236 ! 56 + 236 550 Acceptances 0 ! 0 0 0 Loans to depository institutions Ii Adjustment credit 24 i 12 11 24 Seasonal credit 27 9 5 37 Extended credit 0 0 0 0 Float 356 79 - 375 686 Other F.R. assets 32,530 260 + 1 ,841 32,865 Gold stock 11,052 0 - 2 11,052 Special drawing rights certificate account 8,018 0 0 8,018 Treasury currency outstanding 22,258 | 14 + 693 22,258 Total factors supplying reserve funds 416,714 240 + 39 ,360 420,277 Currency in circulation* 366,946 307 + 34 ,906 367,732 Treasury cash holdings* 382 3 - 131 375 Deposits, other than reserve balances, with F.R. Banks Treasury 4,971 491 54 3,952 Foreign 176 5 - 62 187 Service-related balances and adjustments3 6,657 87 + 368 6,657 Other 396 43 + 63 513 Other F,R. liabilities and capital 9,982 33 + 918 9,835 Total factors, other than reserve balances, absorbing reserve funds 389,510 252 36,007 389,251 Reserve balances with F.R. Banks4 27,204 13 3,352 31,025 On March 23, 1994, marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 367,270 million, a change of - $ 1,802 million for the week. 1 Net of $ 7,181 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 7,181 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. government securities. 2 Net of $ 7 065 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 7,065 million was with foreign official and international accounts. Includes $ 582 million securities loaned-fully secured U.S. government securities. 3 Consists of required clearing balances of $ 6,134 million and adjustments of $ 524 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 23, 1994 Mar 16, 1994 Mar 24, 1993 ASSETS Gold certificate account 11,052 0 2 Special drawing rights certificate account 8,018 0 0 Coin 437 4 80 Loans 61 57 + 17 Acceptances 0 0 0 Federal agency obligations Bought outright 4,237 0 - 928 Held under repurchase agreements1 550 + 45 • 550 U.S. government securities Bought outright--Bills 162,511 - 2,256 + 19,428 Notes 133,858 • 2,547 + 13,647 Bonds 40,455 + 734 + 4,309 Total bought outright2 336,824 + 1,025 + 37,384 Held under repurchase agreements1 3,725 - 2,004 + 3,725 Total U.S. government securities 340,549 - 979 + 41,109 Total loans and securities 345,397 - 992 + 40,748 Items in process of collection (608) 5,180 - 1,053 - 1,969 Bank premises 1,055 + 1 • 25 Other assets3 31,785 • 457 + 2,040 TOTAL ASSETS (608) 402,924 - 1,590 + 40,763 LIABILITIES Federal Reserve notes 346,285 + 219 + 34,796 Deposits Depository institutions 37,382 + 3,066 + 6,100 U.S. Treasury--general account 3,952 - 4,241 - 1,264 Foreign--official accounts 187 + 14 - 101 Other 513 + 131 + 185 Total deposits 42,034 - 1,030 • 4,921 Deferred availability cash items (608) 4,769 - 794 + 164 Other liabilities and accrued dividends'* 2,609 - 9 + 342 TOTAL LIABILITIES (608) 395,698 - 1,615 + 40,222 CAPITAL ACCOUNTS Capital paid in 1 3,441 + 1 + 263 Surplus 3,401 0 + 348 Other capital accounts 383 i + 24 - 69 * 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 $ 7,065 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes S 582 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 $ 103 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 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 53 0 WWiitthhiinn 1155 ddaayyss 2211,,445533 444466 770 • 255 16 days to 90 days 8 0 1166 ddaayyss ttoo 9900 ddaayyss 7777,,<<**7777 33,,664422 610 210 Over 90 days 0 0 9911 ddaayyss ttoo 11 yyeeaarr 110044,,994499 2255 909 0 OOvveerr 11 yyeeaarr ttoo 55 yyeeaarrss 7799,,443355 ++ 11,,778811 1,996 0 OOvveerr 55 yyeeaarrss ttoo 1100 yyeeaarrss 2244,,555533 ++ 773355 477 0 OOvveerr 1100 yyeeaarrss 3322,,668822 ++ 661188 25 0 Total 61 0 TToottaall 334400,,554499 997799 4,787 • 45 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 23, 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 11,052 660 3,752 399 701 899 509 1,186 392 243 409 510 1 t 5 *. Special drawing rights certif. acct. 8,018 511 2,808 303 556 652 318 1,036 168 186 199 377 904 Coin 437 26 22 25 23 80 52 31 27 19 29 41 61 Loans 61 5 2 0 0 1 0 3 20 11 13 4 3 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 49!.; Held under repurchase agreements1 550 0 550 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright--Bills 162,511 9,590 56,120 6,159 10,916 12,676 6,611 18,886 5,738 3,720 6,164 6,960 18,972 Notes 133,858 7,899 46,225 5,073 8,992 10,441 5,446 15,556 4,726 3,064 5,077 5,733 15,627 Bonds 40,455 2,387 13,970 1,533 22,,771188 33,,115566 11,,664466 44,,770011 11,,442288 992266 11,,553344 11,,775555 4,723 Total bought outright2 336,824 19,876 116,315 12,765 2222,,662266 2266,,227733 1133,,770033 3399,,114433"" 1111,,889933 77,,771100"" 1122,,777755 1144,,442255 39,322 Held under repurchase agreements1 3,725 0 3,725 0 0 0 0 0 0 0 0 0 0 Total U.S. govt, securities 340,549 19,876 120,040 12,765 22,626 26,273 13,703 39,143 11,893 77,,771100 1122,,777755 1144,,442255 39,322 Total loans and securities 345,397 20,131 122,055 12,925 22,910 26,604 13,875 39,638 12,063 77,,881177 1122,,994488 1144,,661100 39,820 Items in process of collection 5,788 193 749 386 215 390 812 519 175 404 428 515 1,003 Bank premises 1,055 91 139 47 38 138 61 113 31 36 51 158 151 Other assets3 31,785 1,287 10,032 1,067 2,009 2,374 2,492 3,615 772 787 1,149 1,996 4,204 Interdistrict settlement account 0 -3,061 +16,377 + 307 -4,395 + 37 +3,603 +1,918 +1,392 -978 + 612 -3,581 -12,230 TOTAL ASSETS 403,532 19,838 155,934 15,459 22,059 31,174 21,723 48,057 15,018 8,514 15,825 14,624 35,305 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 $ 7,065 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 582 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 $ 103 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 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 346,285 16,985 141,365 12,703 18,817 27,323 14,939 41,971 13,492 7,090 13,828 11,461 26,312 Deposits Depository institutions 37,382 2,094 6,659 2,075 2,341 2,697 5,282 4,313 1,083 761 1,222 2,178 6,678 U.S. Treasury--general account 3,952 0 3,952 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 187 5 86 5 9 9 13 16 3 4 5 10 21 Other 513 1 330 1 2 66 1 104 0^ 3 2 1 2 Total deposits 42,034 2,101 11,027 2,081 2,352 2,772 5,296 4,433 1,086 768" 1,229 2,189 6,701 Deferred credit items 5,377 328 627 316 251 384 690 523 176 393 373 353 964 Other liabilities and accrued dividends1 2,609 155 816 117 166 199 143 298 103 71 124 121 297 TOTAL LIABILITIES 396,306 197569~ 153,835 15,216 21,586 30,678 21,067 47,225 14,857 8,322 15,554 14,123 34,273 CAPITAL ACCOUNTS Capital paid in 3,441 125 985 115 225 234 321 397 75 93 129 243 498 Surplus 3,401 123 969 114 224 228 320 390 74 91 128 246 495 Other capital accounts 383 21 146 14 24 33 15 46 12 9 14 12 39 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 403,532 19,838 155,934 15,459 22,059 31,174 21,723 48,057 15,018 8,514 15,825 14,624 35,305 FEDERAL RESERVE AGENTS* ACCOUNTS F.R. notes outstanding 413,665 20,460 161,369 14,490 21,885 33,014 20,564 47,511 16,148 8,177 15,472 15,736 38,838 Less--Held by F.R. Banks 67,380 __3,475 2pQ04_ 1^788 3,068^ 5,691 5,625 5,540 2,656 1,087 1,645 4,276 12,527 2 F.R. notes, net 346,285 16,985 141,365 12,703 18,817 27,323 14,939 41,971 13,492 7,090 13,828 11,461 26,312 Collateral held against F.R. notes Gold certificate account 11,052 Special drawing rights certificate account 8,018 Other eligible assets 0 U.S. govt, and agency securities 327^215 Total collateral 346,285 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