H.4.1 Factors Affecting Reserve Balances of Depository Institutions

-voS^V/. 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 May 12, 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 May 11, 1994 May 4, 1994 "May-"1 2, 1993" May 11, 1994 Reserve Bank credit1 2 382,107 - 909 + 37,111 380,568 U.S. government securities Bought outright — system account 343,133 - 1,084 + 38,035 342,801 Held under repurchase agreements 655 + 655 - 439 0 Federal agency obligations Bought outright 4,040 - 7 - 1,055 4,022 Held under repurchase agreements 106 + 106 • 93 0 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 46 - 43 - 81 34 Seasonal credit 110 + 18 + 37 121 Extended credit 0 0 0 0 Float 494 - 121 + 82 278 Other F,R. assets 33,522 - 433 • 440 33,313 Gold stock 11,052 0 - 2 11,052 Special drawing rights certificate account 8,018 0 0 8,018 Treasury currency outstanding 22,372 + 14 + 731 22,372 Total factors supplying reserve funds 423,549 " 895 _ 37,841 422,010 Currency in circulation* 373,405 + 1,953 + 35,373 374,706 Treasury cash holdings* 378 0 - 127 375 Deposits, other than reserve balances, with F.R. Banks Treasury 6,067 - 2,925 + 421 6,330 Foreign 160 - 9 - 219 171 Service-related balances and adjustments3 6,172 - 154 + 185 6,172 Other 308 - 13 + 2 308 Other F.R. liabilities and capital 10,363 + 193 + 443 10,195 Total factors, other than reserve balances, absorbing reserve funds 396,854 955 + 36,078 398,257 Reserve balances with F.R. Banks* 26,695 + 60 + 1,763 23,753 On May 11, 1994, marketable US. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 372,683 million, a change of •+- $ 1 967 million for the week. 1 Net of $ 6,980 million, daily average, matched saie-purchase transactions outstanding during the latest statement week, of which a net of $ 6,980 million was with foreign official and international accounts. Includes securities loaned-fuliy secured by US. government securities. 2 Net of $ 7,312 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 7 312 million was with foreign official and international accounts. Includes $ 379 million securities ioaned-fully secured U.S. government securities. 3 Consists of required clearing balances of S 6,040 million and adjustments of $ 132 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 ** MMaayy 1111,, 11999944 May 4, 1994 May 12, 1993 ASSETS Gold certificate account 11,052 0 2 Special drawing rights certificate account 8,018 0 0 Coin 406 5 76 Loans 154 4 4 + 61 Acceptances 0 0 0 Federal agency obligations Bough-t outright 4,022 25 1,073 Held under repurchase agreements1 0 0 95 U.S. government securities Bought outright--Bills 163,889 3,849 + 19,656 Notes 137,445 0 + 13,509 Bonds 41,467 0 + 4,056 Total bought outright2 342,801 3,849 + 37,221 Held under repurchase agreements1 0 0 7,660 Total U.S. government securities 342,801 3,849 + 29,561 Total loans and securities 346,978 3,870 + 28,454 Items in process of collection (587) 5,296 1,633 278 Bank premises 1,057 + 1 + 21 Other assets3 32,266 477 176 TOTAL ASSETS (587) 405,074 5,984 + 27,943 LIABILITIES Federal Reserve notes 353,116 -» 1,629 + 35,133 Deposits Depository institutions 30,057 2,798 9,383 U.S. Treasury--general account 6,330 4,044 • 1,378 Foreign--official accounts 171 ! + 7 i " 39 Other 308 11 5 Total deposits 36,866 6,845 8,049 Deferred availability cash items ! (587) 4,897 972 208 Other liabilities and accrued dividends4 2,879 + 172 + 610 TOTAL LIABILITIES (587) 397,758 6,016 + 27,487 CAPITAL ACCOUNTS Capital paid in 1 3,483 1 + 210 Surplus | 3,401 0 ! + 348 Other capital accounts 432 + 33 101 * 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 $ 7,312 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 379 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 $ 100 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, MAY 11, 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 74 0 WWiitthhiinn 1155 ddaayyss 1166,,771133 77,,113388 4455 + 20 16 days to 90 days 80 0 1166 ddaayyss ttoo 9900 ddaayyss 7799,,774444 555500 557799 45 Over 90 days 0 0 9911 ddaayyss ttoo 11 yyeeaarr 110022,,664499 ++ 33,,884400 996644 0 OOvveerr 11 yyeeaarr ttoo 55 yyeeaarrss 8855,,115577 00 11,,883333 0 OOvveerr 55 yyeeaarrss ttoo 1100 yyeeaarrss 2244,,996611 00 557777 0 OOvveerr 1100 yyeeaarrss 3333,,557788 00 2255 0 Total 154 0 TToottaall 334422,,880011 33,,884499 44,,002222 25 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 MAY 11, 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 11,052 553 4,135 393 660 902 542 1,217 429 230 436 453 1,102 Special drawing rights certif. acct. 8,018 511 2,808 303 556 652 318 1,036 168 186 199 377 904 Coin 406 27 21 22 20 70 50 32 20 19 28 35 63 Loans 154 7 0 3 0 9 15 12 28 46 23 0 12 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Federal agency obligations Bought outright 4,022 211 1,486 157 254 322 180 461 160 89 173 152 379 Held under repurchase agreements1 0 0 0 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright--Bills 163,889 8,579 60,559 6,410 10,331 13,100 7,325 18,775 6,518 3,609 7,030 6,198 15,454 Notes 137,445 7,195 50,787 5,376 8,664 10,987 6,143 15,745 5,466 3,027 5,896 5,198 12,961 Bonds 41,467 2,171 15,322 1,622 2,614 3,315 1,853 4,750 1,649 913 1,779 1,568 3,910 Total bought outright2 342,801 17,945 126,668 13,407 21,609 27,402 15,322 39,270 13,633 7,549 14,705 12,965 32,325 Held under repurchase agreements1 0 0 0 0 00 00 00 00 00 00 00 00 0 Total U.S. govt, securities 342,801 17,945 126,668 13,407 2211,,660099 2277,,440022 1155,,332222 3399,,227700 1133,,663333 77,,554499 1144,,770055 1122,,996655 32,325 Total loans and securities 346,978 18,163 128,155 13,567 21,863* 27,732 15,517 39,743 13,821 7,684 14,900 13,117 32,716 Items in process of collection 5,883 379 757 419 235 381 713 579 232 448 404 473 864 Bank premises 1,057 91 139 46 39 138 62 113 30 39 50 158 152 Other assets3 32,266 1,290 10,201 1,112 2,029 2,462 2,541 3,703 842 800 1,222 1,973 4,090 Interdistrict settlement account 0 +458 +13,114 -241 -3,983 -1,420 -969 +3,174 -556 -579 -1,646 -2,393 -4,959 TOTAL ASSETS 405,661 21,472 159,330 15,622 21,418 30,916 18,774 49,596 14,986 8,827 15,594 14,192 34,933 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 $ 7,312 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 379 million securities loaned-fuliy 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 $ 100 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 MAY 11, 1994 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City Francisco 1 LIABILITIES Federal Reserve notes 353,116 19,171 144,465 12,915 18,513 27,108 13,810 44,802 13,420 7,027 13,744 11,068 27,074 Deposits Depository institutions 30,057 1,541 4,612 1,923 1,989 2,603 3,462 2,969 1,098 1,104 1,038 2,148 5,571 U.S. Treasury--general account 6,330 0 6,330 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 171 5 70 5 9 9 13 16 3 4 5 10 21 Other 308 00 111188 11 22 7766 11 110011 00 44 33 11 1 Total deposits 36,866 11,,554477 1111,,112299 ff,,992288~~ 22,,00 0000 22,,668888 33,,447766 33,,008866"" 11,,110022 11,,111111 11,,004466 22,,115599"" 5,593 Deferred credit items 5,483 329 /38 345 234 377 654 540 178 417 384 343 946 Other liabilities and accrued dividends1 2,879 158 992299 113344 117799 223311 116677 332299 112233 7766 114499 112233 283 TOTAL LIABILITIES 398,345 21,204 115577 ,,**22bbii''~~"" 1155 77332222 2200,,992255 3300,,440044 1166,,110077 4488,,775577 1144,,882222"" 88,,663322 1155,,332222 1133,,669933 33,895 CAPITAL ACCOUNTS Capital paid in 3,483 125 967 144 235 243 328 399 75 94 129 240 503 Surplus 3,401 123 969 114 224 228 320 390 74 91 128 246 495 Other capital accounts 432 20 134 42 34 41 19 50 14 11 15 13 40 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 405,661 21,472 159,330 15,622 21,418 30,916 18,774 49,596 14,986 8,827 15,594 14,192 34,933 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 420,397 23,097 164,954 14,128 21,514 32,507 19,701 50,670 15,794 8,308 15,310 15,289 39,125 Less--Held by F.R. Banks 67,281 3,926 2200,,448899 11,,221133 33,,000022 55,,339999 55,,889911 55,,886688 22,,337744 11,,228800 11,,556666 44,,222211 12,051 F.R. notes, net 353,116 19,171 114444,,446655 1122,,991155 1188,,551133 2277,,110088 1133,,881100 4444,,880022 1133,,442200 77,,002277 1133,,774444 1111,,006688 27,074 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 334,046 Total collateral 353,116 1 Includes exchange cransiation 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