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 July 7, 1994 Millions of dollars Averages o f daily fig ures RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt Week ended Change from week ended Wednesday FF..RR.. BBaannkkss,, RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss Jul 6, 1994 Jun 29, 1994 Jul 7, 1993 Jul 6, 1994 Reserve Bank credit1 2 394,179 * 6,828 + 38,715 395,015 U.S. government securities Bought outright--system account 350,110 + 1,889 4. 35,009 348,465 Held under repurchase agreements 5,652 + 3,946 4- 2,826 5,182 Federal agency obligations Bought outright 3,920 - 18 - 1,113 3,920 Held under repurchase agreements 309 + 180 + 89 463 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 444 + 337 + 406 2,375 Seasonal credit 306 + 28 + 111 321 Extended credit 0 0 0 0 Float 713 + 178 + 2 1,534 Other F.R. assets 32,726 + 287 + 1,384 32,755 Gold stock 11,052 0 - 5 11,052 Special drawing rights certificate account 8,018 0 0 8,018 Treasury currency outstanding 22,521 •»• 14 -§• 802 22,521 Total factors supplying reserve funds 435,769 __ 6,842 _ 39,512 436,605 Currency in circulation* 383,356 + 4,230 + 37,035 385,148 Treasury cash holdings* 354 - 1 - 77 359 Deposits, other than reserve balances, with F.R. Banks Treasury 5,917 - 1,644 - 915 6,958 Foreign 320 + 138 + 98 175 Service-related balances and adjustments3 6,140 + 270 - 114 6,140 Other 276 + 3 - 12 295 Other F.R. liabilities and capital 11,746 + 988 + 2,793 11,460 Total factors, other than reserve balances, absorbing reserve funds 408,110 + 3,984 + 38,807 410,534 Reserve balances with F.R. Banks4 27,659 + 2,858 + 705 26,071 On July 6, 1994, marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 382,609 million, a change of -f $ 759 million for the week. 1 Net of $ 5,696 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 5,696 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. government securities. 2 Net of $ 7,341 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 7,341 million was with foreign official and international accounts. Includes $ 95 million securities loaned-fully secured U.S. government securities. 3 Consists of required clearing balances of $ 5,684 million and adjustments of $ 457 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 Jul 6, 1994 Jun 29, 1994 Jul 7, 1993 ASSETS Gold certificate account 11,052 0 - 5 Special drawing rights certificate account 8,018 0 0 Coin 284 - 17 - 92 Loans 2,695 + 2,315 + 2,302 Acceptances 0 0 0 Federal agency obligations Bought outright 3,920 0 - 1,113 Held under repurchase agreements1 463 + 163 - 249 U.S. government securities Bought outright — Bills 169,398 + 823 + 17,189 Notes 138,686 0 + 14,816 Bonds 40,381 0 + 2,905 Total bought outright2 348,465 + 823 + 34,910 Held under repurchase agreements1 55,,118822 ++ 11,,220033 - 2,929 Total U.S. government securities 335533,,664477 ++ 22,,002266 + 31,981 Total loans and securities 360,725 + 4,504 + 32,921 - Items in process of collection (830) 9,272 + 4,274 122 Bank premises 1,062 + 1 + 21 Other assets3 3311,,771111 ++ 775577 + 582 TOTAL ASSETS ((883300)) 442222,,112244 99,,551188 + 33,305 LIABILITIES Federal Reserve notes 363,270 + 3,572 + 36,548 Deposits ! Depository institutions 32,535 + 1,671 - 5,828 U.S. Treasury--general account 6,958 4- 523 * 391 Foreign--official accounts 175 f 12 - 72 Other 295 f 24 + 29 Total deposits 39,963 f 2,230 - 5,480 Deferred availability cash items (830) 7,431 f 2,889 - 124 Other liabilities and accrued dividends4 3,278 f 49 + 950 TOTAL LIABILITIES (830) 413,942 f 8,740 + 31,894 CAPITAL ACCOUNTS Capital paid in 3,523 + 1 + 230 Surplus 3,401 0 + 348 Other capital accounts 1,258 + 777 + 334 * Figures in parentheses are the eliminations made in the consolidaticn 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 $ 7.341 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 95 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 S 98 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, JULY 6, 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 Acceptances Weekly Weekly i Holdings Holdings changes changes Within 15 days 2,438 0 WWiitthhiinn 1155 ddaayyss 1177,,334422 55,,001199 446688 + 3 16 days to 90 days 258 0 1166 ddaayyss ttoo 9900 ddaayyss 8833,,665533 ++ 22,,000000 669900 + 200 Over 90 days 0 0 9911 ddaayyss ttoo 11 yyeeaarr 110088,,773399 •• 33,,224455 779999 40 OOvveerr 11 yyeeaarr ttoo 55 yyeeaarrss 8855,,552244 ++ 11,,779999 11,,882266 0 OOvveerr 55 yyeeaarrss ttoo 1100 yyeeaarrss 2255,,226644 00 557755 0 OOvveerr 1100 yyeeaarrss 3333,,112255 00 2255 0 Total 2,695 0 TToottaall 335533,,664477 ++"" 22,,002266 44,,338833 + 163 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 JULY 6, 1994 Millions of dollars Kansas San Total Boston New York Ph iadelphia Cleveland 1 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 284 11 9 6 12 57 42 19 16 15 20 29 50 Loans 2,695 32 1,436 41 0 64 13 353 63 165 37 7 483 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Federal agency obligations Bought outright 3,920 205 1,448 153 247 313 175 449 156 86 168 148 370 Held under repurchase agreements1 463 0 463 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright--Bills 169,398 8,8fc>8 66662222,,,,555599994444 6666,,,,666622225555 11110000,,,,666677778888 11113333,,,,555544441111 7777,,,,555577772222 111999,,,444000666 666,,,777333777 3,731 7,267 66,,440077 15,974 Notes 138,68b 7,2t>0 55551111,,,,222244446666 5555,,,,444422224444 8888,,,,777744442222 11111111,,,,00008888bbbb 6666,,,,111199999999 111555,,,888888777 555,,,555111666 3,054 5,949 55,,224455 13,078 Bonds 40,381 2,114 11114444,,,,999922221111 1111,,,,555577779999 2222,,,,555544445555 3333,,,,222222228888 1111,,,,888800005555 444,,,666222666 111,,,666000666 889 1,732 11,,552277 3,808 Total bought outright2 348,465 | 18,242 ''''""""""""""""''''1111222288887777777766661111 ''''111133337777666622229999"""" """"22221111,,,,999966666666 22227777 ,,,,888855554444"""" 11115555,,,,555577775555 333999,,,999111999 111333,,,888555999 7,674 14,948 1133,,117799"" 32,859 Held under repurchase agreements1 5/182 , 0 5555,,,,111188882222 0000 0000 0000 0000 000 000 0 0 00 0 Total U.S. govt, securities 353,647"] 18,242 """"""""111133333333,,,,""""999944443333"""" """"""""""""iiii''''33337777''''666622229999"""" """"""""222211117777999966666666 """" 22227777,,,,888855554444 11115555,,,,555577775555 """""""""333999 ,,,999111999 """ 111333,,,888555999""" 77,,667744 1144,,994488 1133,,117799 32,859 Total loans and securities 360,725 18,478 111133337777,,,,222299993333"""""""""""" 111133337777888822223333 22222222,,,,222211113333 """"22228888,,,,222233332222 ~~~~ 11115555,,,,777766663333 40,721 14,078 77,,992266 1155,,115533 1133,,333344 33,712 Items in process of collection 10,102 525 11,,222222 776666 555500 928 1,023 966 342 654 679 777 1,670 Bank premises 1,062 91 113388 4466 4422 138 62 113 30 40 50 158 154 Other assets3 31,711 1,249 1100,,004477 11,,008855 11,,997799 2,398 2,533 3,618 810 784 1,190 1,955 4,064 Interdistrict settlement account 0 + 1 ,^SU ++22,,00bb44 ++HH,,550077 --11,,883399 3-12,71l556T +1,945 +2,681 -857 -798 -949 -1,104 -6,245 TOTAL ASSETS s2^,954 23,3o8 1155//,,771166 ??00,,//2288 2244,,117722 22,228 15,016 9,037" 16,779 15,979 35,410 £r.r\ M,*cunties r<e*olo uunnddeerr mmaattcchheedd ssaallee ppuurrcchhaassee ii;; aannss<<a ctions to foreign official and international accounts, of which $ 0 mill rfvas outstanding a! th bb eenndd ooff tthhee llaattee sstt ssiiaattrr.. mmtt::nntt wweeeekk 2 Net of $ 7,341 million matched sale-purchj "ansaciu ns ouh.'andi »»<<jj aatt iittHH** eenndd ooff tthhee iiaallttssll ssiiaatteemmeemm week Includes $ 95 million securities loaned—fully secured by US government securities 3 Includes assets denominated in foreign currencies, revalued monthly at markel exchange rates Includes special investment account at Chicago of $ 98 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 JULY 6, 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 363,270 19,932 142,332 17,172 20,017 27,921 16,445 44,625 13,292 7,112 14,432 12,365 27,624 Deposits Depository institutions 32,535 2,436 3,698 2,476 3,074 2,568 3,968 3,529 1,112 1,038 1,292 2,430 4,914 U.S. Treasury--general account 6,958 0 6,958 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 175 5 74 5 9 9 13 16 3 4 5 10 21 Other 295 1 116 11 11 6600 44 9999 11 33 66 22 1 Total deposits 39,963 2,441 10,846 22,,4488ll"" 33,,008844 22,,663377~~ 33,,998855 33,,664444 11,,111166 11,,004455 11,,330044 22,,444422 4,936 Deferred credit items 8,261 511 1,105 607 330 729 873 793 282 580 579 489 1,382 Other liabilities and accrued dividends1 3,278 176 1,143 147 197 256 176 336644 113366 8833 116611 113311 309 TOTAL LIABILITIES 414,772 23,061 155,426 20,408 23,627 31,543 21,479 4499,,442277~~ 1144,,882277"" 88,,882211 1166,,447755"" 1155,,442277 34,251 CAPITAL ACCOUNTS Capital paid in 3,523 131 964 142 236 263 329 408 79 94 130 241 506 Surplus 3,401 123 969 114 224 228 320 390 74 91 128 246 495 Other capital accounts 1,258 53 358 65 86 116 100 145 35 31 46 65 159 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 422,954 23,368 157,716 20,728 24,172 32,151 22,228 50,370 15,016 9,037 16,779 15,979 35,410 FEDERAL RESERVE AGENTS* ACCOUNTS F.R. notes outstanding 428,339 24,105 162,627 18,268 22,919 33,070 21,277 50,463 15,476 8,600 15,922 16,152 39,460 Less--Held by F.R. Banks 65,069 44,,117733 20,295 11,,009966 22,,990022 55,,115500 44,,883322 5,838 2,184 1,488 11,,449900 33,,778866 11,836 F.R. notes, net 363,270 1199,,993322 142,332 1177,,117722 iiii00,,001177 2277]]992211 "" 1166,,444455 44,625 13,292 7,112 ~~ 1144,,443322 1122,,3366VV 27,624 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 344,200 Total collateral 363,270 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