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 May 19, 1994 Millions of dollars Averages o f daily figures RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt Week ended Change from week ended ' Wednesday FF..RR.. BBaannkkss,, RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss May 18, 1994 May 11, 1994 May 19, 1993 May 18, 1994 Reserve Bank credit1 2 382,268 + 111 + 37,345 381,683 U.S. government securities Bought outright--system account 343,419 + 286 + 37,695 342,512 Held under repurchase agreements 1,449 + 794 + 544 2,016 Federal agency obligations Bought outright 4,022 - 18 - 1,073 4,022 Held under repurchase agreements 136 + 30 • 23 955 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 122 + 75 + 113 48 Seasonal credit 133 + 22 + 46 140 Extended credit 0 0 0 0 Float 444 - 43 - 226 636 Other F.R. assets 32,543 - 1,035 + 224 31,354 Gold stock 11,052 0 - 2 11,052 Special drawing rights certificate account 8,018 0 0 8,018 Treasury currency outstanding 22,386 + 14 + 734 22,386 Total factors supplying reserve funds 1 423,723 _ 125 _ 38,077 423,139 Currency in circulation* 374,032 + 627 + 35,433 374,580 Treasury cash holdings* 375 - 3 - 122 375 Deposits, other than reserve balances, with F.R. Banks Treasury 5,997 - 70 + 61 5,131 Foreign 205 + 45 - 63 178 Service-related balances and adjustments3 6,061 - 111 - 235 6,061 Other 318 + 9 - 4 314 Other F.R. liabilities and capital 10,440 + 76 + 1,197 10,295 Total factors, other than reserve balances, absorbing reserve funds 397,428 + 574 + 36,266 396,934 Reserve balances with F.R. Banks4 26,296 - 449 j + 1,811 | 26,205 On May 18, 1994, marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 363.985 million, a change of - $ 8,698 million for the week. 1 Net of $ 6,695 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 6,695 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 7,601 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 7,601 million was with foreign official and international accounts. Includes $ 603 million securities loaned-fully secured U.S. government securities. 3 Consists of required clearing balances of S 5,921 million and adjustments of $ 140 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 Wednesday Wednesday Wednesday May 18, 1994 May 11, 1994 May 19, 1993 ASSETS Gold certificate account 11,052 0 2 Special drawing rights certificate account 8,018 0 0 Coin 397 9 74 Loans 188 33 89 Acceptances 0 0 0 Federal agency obligations Bought outright 4,022 0 1,073 Held under repurchase agreements1 955 955 945 U.S. government securities Bought outright--Bills 163,600 289 19,406 Notes 138,531 1,086 14,661 Bonds 40,381 1,086 2,905 Total bought outright2 342,512 289 36,972 Held under repurchase agreements1 2,016 2,016 1,981 Total U.S. government securities 344,528 1,727 38,953 Total loans and securities 349,693 2,715 38,913 Items in process of collection (604) 5,572 276 148 Bank premises 1,057 0 19 Other assets3 30,297 1,969 248 TOTAL ASSETS (604) 406,086 1,012 39,252 LIABILITIES Federal Reserve notes 352,967 149 35,095 Deposits Depository institutions 32,155 2,098 3,872 U.S. Treasury--general account 5,131 1,199 949 Foreign--official accounts 178 7 85 Other 314 6 8 Total deposits 37,778 912 2,829 Deferred availability cash items (604) 5,047 150 128 Other liabilities and accrued dividends4 2,947 68 742 TOTAL LIABILITIES (604) 398,739 981 38,793 CAPITAL ACCOUNTS Capital paid in 3,516 33 232 Surplus 3,401 0 348 Other capital accounts 431 1 121 * 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 $ 7,601 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 603 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, MAY 18, 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 171 0 WWiitthhiinn 1155 ddaayyss 1188,,884455 ++ 22,,113322 1,241 • 1,196 16 days to 90 days 17 0 1166 ddaayyss ttoo 9900 ddaayyss 7788,,333344 11,,441100 353 226 Over 90 days 0 0 9911 ddaayyss ttoo 11 yyeeaarr 110044,,993399 •• 22,,228899 949 15 OOvveerr 11 yyeeaarr ttoo 55 yyeeaarrss 8844,,002211 11,,113355 1,833 0 OOvveerr 55 yyeeaarrss ttoo 1100 yyeeaarrss 2255,,226644 ++ 330033 577 0 OOvveerr 1100 yyeeaarrss 3333,,112255 445533 25 0 Total 188 0 TToottaall 334444,,552288 ++ 11,,772277 4,977 • 955 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 18, 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 397 25 20 20 19 69 48 33 19 19 27 36 63 Loans 188 2 0 6 0 9 21 14 37 55 22 2 19 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 955 0 955 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright--Bills 163,600 8,564 60,452 6,398 10,313 13,077 7,312 18,741 6,506 3,603 7,018 6,187 15,427 Notes 138,531 7,252 51,189 5,418 8,733 11,073 6,192 15,870 5,509 3,051 5,943 5,239 13,063 Bonds 40,381 2,114 14,921 1,579 2,545 3,228 1,805 4,626 1,606 889 1,732 1,527 3,808 Total bought outright2 342,512 17,930 126,562 13,396 21,591 27,379 15,309 39,237 13,622 7,543 14,693 12,954" 32,298 Held under repurchase agreements1 2,016 0 2,016 0 0 0 0 0 0 0 0 0 0 Total U.S. govt, securities 344,528 17,930 128,578 13,396 21,591 27,379 15,309 39,237 13,622 7,543 14,693 12,954 32,298 Total loans and securities 349,693 18,143 131,019 13,559 21,844 27,709 15,511 39,711 13,818 7,687 14,887~ 13,107 32,696 Items in process of collection 6,176 346 656 430 345 523 745 576 197 449 441 420 1,048 Bank premises 1,057 91 139 46 39 138 62 113 30 39 50 158 152 Other assets3 30,297 1,181 9,541 1,032 1,899 2,298 2,446 3,465 759 752 1,133 1,895 3,895 Interdistrict settlement account 0 + 785 +11,125 -346 -3,520 -1,524 -1,079 +3,846 -496 -977 -1,241 -2,128 -4,445 TOTAL ASSETS 406,690 21,635 159,442 15,437 21,843 30,767 18,592 49,998 14,926 8,386 15,932 14,318 35,42.4 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 $ 7,601 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 603 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 MAY 18, 1994 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City Francisco LIABILITIES Federal Reserve notes 352,967 19,239 144,801 12,823 19,114 26,783 13,440 44,707 13,315 7,032 13,727 10,945 27,041 Deposits Depository institutions 32,155 1,630 5,568 1,863 1,807 2,700 3,618 3,435 1,135 634 1,350 2,388 6,026 U.S. Treasury--general account 5,131 0 5,131 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 178 5 77 5 9 9 13 16 3 4 5 10 21 Other 314 1 121 1 2 71 2 104 1 4 3 2 5 Total deposits 37,778 1,636 10,897 1,868 1,818 2,781 3,633 3,555 1,138 642 1,358 2,400 6,052 Deferred credit items 5,650 330 661 310 240 444 682 562 187 442 428 356 1,009 Other liabilities and accrued dividends1 2,947 158 1,007 132 178 232 166 329 122 75 146 123 279 TOTAL LIABILITIES 399,342~1 21,363 157,366 15,134 21,350 30,239 17,920 49,153 14,763 8,19l" 15,659 13,825 34,380 CAPITAL ACCOUNTS Capital paid in 3,516 130 967 144 235 263 328 407 75 94 129 240 503 Surplus 3,401 123 969 114 224 228 320 390 74 91 128 246 495 Other capital accounts 431 19 141 45 34 36 24 48 14 10 16 7 36 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 406,690 21,635 159,442 15,437 21,843 30,767 18,592 49,998 14,926 8,386 15,932 14,318 35,414 FEDERAL RESERVE AGENTS' ACCOUNfS F.R. notes outstanding 420,722 23,153 165,129 14,085 22,169 32,378 19,402 50,709 15,740 8,328 15,298 15,199 39,133 Less--Held by F.R. Banks 67,755 3,914 20,328 1,261 3,054 55,,559955 55,,996622 66,,000022 22,,442255 11,,229966 11,,557711 44,,225533 12,092 F.R. notes, net 352,967 19,239 144,801 12,823 19,114 2266,,778833 1133,,444400 4444,,770077 1133,,331155 77,,003322 1133,,772277 1100,,994455 27,041 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 333,897 Total collateral 352,967 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