H.4.1 Factors Affecting Reserve Balances of Depository Institutions

iok&i*. 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. '••^AlRl&T' H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks July 21, 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 Jul 20, 1994 "JUT~1 3, 1994 Jul 21, 1993 Jul 20, 1994 Reserve Bank credit1 2 390,854 - 3,341 + 33,480 391,285 U.S. government securities Bought outright--system account 348,287 - 1,118 + 34,858 347,568 Held under repurchase agreements 3,031 - 2,148 - 2,743 4,337 Federal agency obligations Bought outright 3,920 0 - 1,094 3,920 Held under repurchase agreements 2,002 • 366 + 1,359 2,048 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 84 + 59 + 70 396 Seasonal credit 378 + 43 + 160 399 Extended credit 1 + 1 + 1 0 Float 389 - 401 + 63 -174 Other F.R. assets 32,763 - 143 + 805 32,791 Gold stock 11,052 0 - 5 11,052 Special drawing rights certificate account 8,018 0 0 8,018 Treasury currency outstanding 22,559 + 14 _ 825 22,559 Total factors supplying reserve funds 432,483 - 3,327 34,300 432,914 Currency in circulation* 383,432 - 1,219 + 37,017 383,566 Treasury cash holdings* 354 - 4 - 54 354 Deposits, other than reserve balances, with F.R. Banks Treasury 4,581 - 1,450 - 1,484 5,823 Foreign 173 - 12 - 24 167 Service-related balances and adjustments3 5,794 - 265 - 414 5,794 Other 300 + 21 + 27 267 Other F.R. liabilities and capital 10,872 - 709 + 1,547 10,708 Total factors, other than reserve balances, absorbing reserve funds 405,506 - 3,638 + 36,615 406,678 Reserve balances with F.R. Banks* 26,977 + 311 - 2,315 26,236 On July 20, 1994, marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 391,234 million, a change of 4- $ 4,954 million for the week. 1 Net of $ 7,260 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 7,260 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. government securities. 2 Net of $ 7,937 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 7,937 million was with foreign official and international accounts. Includes $ 5 million securities loaned-fully secured U.S. government securities. 3 Consists of required clearing balances of $ 5,659 million and adjustments of $ 135 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 20, 1994 Jul 13, 1994 Jul 21, 1993 ASSETS Gold certificate account 11,052 0 - 5 Special drawing rights certificate account 8,018 0 0 Coin 290 + 9 - 97 Loans 796 + 416 + 558 Acceptances 0 0 0 Federal agency obligations Bought outright 3,920 0 - 1,094 Held under repurchase agreements1 2,048 + 381 + 1,202 U.S. government securities Bought outright--Bills 168,802 - 1,384 + 17,103 Notes 138,384 - 302 + 14,812 Bonds 40,381 0 + 2,905 Total bought outright2 347,568 - 1,686 + 34,820 Held under repurchase agreements1 4,337 + 139 - 4,581 Total U.S. government securities 351,905 - 1,547 + 30,239 Total loans and securities 358,668 - 751 + 30,906 - - Items in process of collection (581) 5,339 705 99 Bank premises 1,063 + rH + 22 Other assets3 31,819 - 173 • 497 TOTAL ASSETS (581) 416,249 - 1,619 + 31,223 LIABILITIES Federal Reserve notes 361,651 - 1,259 + 36,646 Deposits Depository institutions 32,809 - 595 - 5,978 U.S. Treasury--general account 5,823 + 548 - 964 Foreign--official accounts 167 - 116 - 31 Other 267 + 34 + 5 Total deposits 39,065 - 130 - 6,969 Deferred availability cash items (581) 4,824 - 241 + 24 Other liabilities and accrued dividends4 3,269 - 16 + 980 TOTAL LIABILITIES (581) 408,809 - 1,646 + 30,682 CAPITAL ACCOUNTS Capital paid in 3,535 0 + 238 Surplus 3,401 0 + 348 Other capital accounts 504 + 27 - 45 * 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 $ 7,937 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 5 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 $ 40 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 20, 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 731 0 WWiitthhiinn 1155 ddaayyss 2200,,991199 167 2,164 + 477 16 days to 90 days 65 0 1166 ddaayyss ttoo 9900 ddaayyss 7799,,229944 501 604 96 Over 90 days 0 0 9911 ddaayyss ttoo 11 yyeeaarr 110088,,007788 579 769 0 OOvveerr 11 yyeeaarr ttoo 55 yyeeaarrss 8855,,551111 13 1,831 0 OOvveerr 55 yyeeaarrss ttoo 1100 yyeeaarrss 2244,,997777 287 575 + 5 OOvveerr 1100 yyeeaarrss 3333,,112255 0 25 5 Total 796 0 TToottaall 335511,,990055 1,547 5,968 + 381 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 20, 1994 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City 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 290 8 11 7 13 57 49 19 18 14 18 30 45 Loans 796 2 250 1 0 2 15 60 91 195 144 23 12 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 2,048 0 2,048 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright — Bills 168,802 8,837 62,374 6,602 10,641 13,493 7,545 19,337 6,713 3,717 7,241 6,384 15,918 Notes 138,384 7,244 51,134 5,412 8,723 11,062 6,185 15,853 5,504 3,048 5,936 5,234 13,049 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 347,568 18,195 128,430 13,593 21,909 27,783 15,535 39,816 13,823" 7,654 14,909 13,145 32,775 Held under repurchase agreements1 4,337 0 4,337 0 0 0 0 0 0 0 0 0 0 Total U.S. govt, securities 351,905"" 18,195 132,767 13,593 21,909 27,783 15,535 39,816 13,823 7,654 14,909 13,145 32,775 Total loans and securities 358,668 18,402 136,513 13,748 22,157 28,098 15,726 40,325 14,070 7,936 15,222 13,316 33,157 Items in process of collection 5,920 373 727 361 251 459 692 640 221 394 397 461 945 Bank premises 1,063 91 138 46 42 138 62 113 30 40 50 158 154 Other assets3 31,819 1,257 10,111 1,092 1,998 2,415 2,536 3,583 816 788 1,200 1,965 4,060 Interdistrict settlement account 0 +1,146 +4,398 +3,342 -2,842 -5 +292 +2,151 +1,179 -862 -768 -1,643 -6,386 TOTAL ASSETS 416,829 22,341" 158,842 19,291 22,833 32,716 20,218 49,084 16,930 8,725 16,753 15,116 33,981 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 $ Q million was outstanding at the end of the latest statement week. 2 Net of $ 7,937 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 5 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 $ 40 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 20, 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 361,651 19,753 140,954 16,987 20,306 28,526 15,952 43,910 15,386 7,012 14,320 12,019 26,525 Deposits Depository institutions 32,809 1,776 8,013 1,528 1,594 2,875 2,780 3,322 1,041 1,041 1,600 2,103 5,135 U.S. Treasury--general account 5,823 0 5,823 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 167 5 66 5 9 9 13 16 3 4 5 10 21 Other 267 2 111 1 2 90 4 42 1 3 9 1 3 Total deposits 39,065 1,782 14,012 1,534 1,605 2,974 2,797 3,380 1,045 1,049 1,614 2,114 5,158 Deferred credit items 5,405 354 611 330 235 414 619 579 191 384 384 355 949 Other liabilities and accrued dividends1 3,269 170 1,167 144 194 249 177 356 134 83 159 132 303 TOTAL LIABILITIES 409,390 22,059 156,745 18,993 22,340 32,164 19,546 48,225 16,756 8,529 16,478 14,621 32,935 CAPITAL ACCOUNTS Capital paid in 3,535 131 974 142 236 263 328 408 81 94 130 241 506 Surplus 3,401 123 969 114 224 228 320 390 74 91 128 246 495 Other capital accounts 504 27 154 42 34 60 24 61 20 11 17 9 45 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 416,829 22,341 158,842 19,291 22,833 32,716 20,218 49,084 16,930 8,725 16,753 15,116 33,981 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 432,691 24,245 162,341 18,247 23,545 34,393 21,347 50,375 17,842 8,582 16,147 16,225 39,401 Less--Held by F.R. Banks 71,040 4,491 21,387 1,261 3,239 5,867 5,395 6,465 2,457 1,570 1,827 4,206 12,876 F.R. notes, net 361,651 19,753 140,954 16,987 20,306 28,526 15,952 43,910 15,386 7,012 14,320 12,019 26,525 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 342,581 Total collateral 361,651 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