H.4.1 Factors Affecting Reserve Balances of Depository Institutions

••qov^ FEDERAL RESERVE i(S8 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. •t^lR£( H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks December 8, 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 Dec 7, 1994 Nov 30, 1994 Dec 8, 1993 Dec 7, 1994 Reserve Bank credit1 2 400,302 - 406 + 30,492 398,404 U.S. government securities Bought outright--systen account 363,847 + 4,633 + 31,412 360,535 Held under repurchase agreements 0 - 3,134 0 0 Federal agency obligations Bought outright 3,674 - 10 1,046 3,674 Held under repurchase agreements 0 - 1,694 0 0 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 111 + 14 + 110 720 Seasonal credit 97 - 30 + 63 93 Extended credit 0 0 0 0 Float 876 + 200 32 1,543 Other F.R. assets 31,696 - 386 15 31,839 Gold stock 11,051 0 3 11,051 Special drawing rights certificate account 8,018 0 0 8,018 Treasury currency outstanding 22,856 • 14 + 822 22,856 Total factors supplying reserve funds 442,227 - 393 + 31,311 440,330 Currency in circulation* 395,953 - 101 • 36,398 397,187 Treasury cash holdings* 383 - 7 + 8 347 Deposits, other than reserve balances, with F.R. Banks Treasury 4,337 - 1,014 145 4,970 Foreign 175 - 50 23 166 Service-related balances and adjustments3 4,468 + 3 2,006 4,468 Other 317 + 15 + 22 324 Other F.R. liabilities and capital 11,246 - 656 + 1,827 11,354 Total factors, other than reserve balances, absorbing reserve funds 416,879 - 1,810 + 36,082 418,817 Reserve balances with F.R. Banks4 25,349 + 1,417 4,770 21,512 On December 7, 1994, marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 415,332 million, a change of - $ 1,012 million for the week. 1 Net of $ 8,270 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 7,409 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 11,582 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 7,907 million was with foreign official and international accounts. Includes $ 185 million securities loaned-fully secured U.S. government securities. 3 Consists of required clearing balances of $ 4,346 million and adjustments of $ 122 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 Dec 7, 1994 Nov 30, 1994 Dec 8, 1993 ASSETS Gold certificate account 11,051 - 1 - 3 Special drawing rights certificate account 8,018 0 0 Coin 330 • 9 - 43 Loans 813 • 669 • 777 Acceptances 0 0 0 Federal agency obligations Bought outright 3,674 0 - 1,046 Held under repurchase agreements1 0 - 1,655 0 U.S. government securities Bought outright--Bills 173,394 - 2,899 + 18,269 Notes 144,143 + 2,993 • 12,067 Bonds 42,998 + 1,252 • 3,426 Total bought outright2 360,535 • 1,346 + 33,762 Held under repurchase agreements1 0 - 6,510 0 Total U.S. government securities 360,535 - 5,164 + 33,762 Total loans and securities 365,022 - 6,151 + 33,493 Items in process of collection (576) 7,171 + 2,188 • 547 Bank premises 1,068 • 2 • 17 Other assets3 30,719 + 436 - 30 TOTAL ASSETS (576) 423,379 - 3,516 + 33,981 LIABILITIES Federal Reserve notes 375,008 + 436 + 36,261 Deposits Depository institutions 26,074 - 4,601 - 5,323 U.S. Treasury--general account 4,970 - 377 • 1,343 Foreign--official accounts 166 - 64 - 9 Other 324 • 22 • 29 Total deposits 31,534 - 5,020 - 3,960 Deferred availability cash items (576) 5,483 + 846 - 198 Other liabilities and accrued dividends* 4,026 - 184 + 1,613 TOTAL LIABILITIES (576) 416,051 - 3,922 + 33,715 CAPITAL ACCOUNTS Capital paid in 3,682 + 14 • 293 Surplus 3,336 + 159 + 283 Other capital accounts 310 + 233 - 310 * 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 $ 11,582 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 185 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 $ 124 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, DECEMBER 7, 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 1122,,220055 3,239 0 334 16 days to 90 days 82 0 1166 ddaayyss ttoo 9900 ddaayyss 8833,,223366 + 184 749 + 255 Over 90 days 0 0 9911 ddaayyss ttoo 11 yyeeaarr 111122,,116655 • 225 992 + 77 OOvveerr 11 yyeeaarr ttoo 55 yyooaarrss 9900,,003311 + 2,258 1,390 0 OOvveerr 55 yyeeaarrss ttoo 1100 yyeeaarrss 2288,,005533 + 1,017 518 0 OOvveerr 1100 yyeeaarrss 3344,,884455 + 895 25 0 Total 813 0 TToottaall 336600,,553355 + 1,339 3,674 2 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 DECEMBER 7, 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 11,051 553 4,134 393 660 902 542 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 330 16 20 16 18 54 53 25 23 20 20 32 34 Loans 813 1 100 1 0 560 1 53 18 53 26 0 1 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Federal agency obligations Bought outright 3,674 192 1,357 144 232 294 164 421 146 81 158 139 346 Held under repurchase agreements1 0 0 0 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright--Bills 173,394 9,077 64,071 6,781 10,930 13,860 7,750 19,863 6,896 3,819 7,438 6,558 16,351 Notes 144,143 7,546 53,262 5,637 9,086 11,522 6,443 16,513 5,733 3,174 6,183 5,451 13,592 Bonds 42,998 2,251 1155,,888888 11,,668822 22,,771100 33,,443377 11,,992222 44,,992266 11,,771100 994477 11,,884444 11,,662266 4,055 Total bought outright2 360,535 18,873 113333,,222211 1144,,110011 2222,,772277 2288,,881199 1166,,111155 4411,,330022 1144,,333399 77,,994400 1155,,446666 1133,,663355 33,998 Held under repurchase agreements1 0 0 0 0 0 00 000 000 000 000 000 000 0 Total U.S. govt, securities 360,535 18,873 133,221 14,101 22,727 2288,,881199 111666,,,111111555 444111,,,333000222 111444,,,333333999 777,,,999444000 111555,,,444666666""" 111333,,,666333555 33,998 Total loans and securities 365,022 19,067 134,679 14,245 22,958 29,673 111666,,,222888000 444111,,,777777555 111444,,,555000333 888,,,000777444 111555,,,666444999 111333,,,777777444 34,345 Items in process of collection 7,746 406 949 642 335 605 867 904 295 502 495 458 1,287 Bank premises 1,068 92 137 46 44 134 63 112 30 45 52 15/ 156 Other assets3 30,719 1,204 9,724 1,047 1,943 2,311 2,450 3,531 781 758 1,152 1,900 3,919 Interdistrict settlement account 0 -1,744 +10,615 +1,984 -1,656 -2,144 +1,307 -2,174 ++33,,889955 --11,,889955 --11,,995599 --11,,884477 -4,383 TOTAL ASSETS 423,955 20,106 163,066 18,676 24,858 32,186 21,879 46,426 2200,,112244 77,,992200 1166,,004433 1155,,330066 37,364 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 $ 11,582 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 185 million securities loa»led-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 $ 124 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 DECEMBER 7, 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 375,008 17,712 147,377 16,775 22,736 28,799 17,521 41,528 18,673 6,543 14,001 12,718 30,626 Deposits Depository institutions 26,074 1,496 6,404 1,019 1,133 1,889 2,769 2,834 897 637 1,174 1,577 4,246 U.S. Treasury--general account 4,970 0 4,970 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 166 5 65 5 9 9 13 16 3 4 5 10 21 Other 324 1 125 1 1 61 1 125 0 4 1 2 2 Total deposits 31,534 1,502 11,564 1,024 1,143 1,959 2,784 2,975~ 900 644 1,181 1,589 4,268 Deferred credit items 6,059 396 682 383 223 526 714 636 201 441 389 365 1,104 Other liabilities and accrued dividends1 4,026 222 1,371 179 248 331155 221177 446600 116677 110011 119966 116677 383 TOTAL LIABILITIES 416,627 19,832 160,994 18,361 24,350 3311,,559999 2211,,223366 4455,,660000 1199,,994411 77,,772288 1155,,776677 1144,,883399 36,381 CAPITAL ACCOUNTS Capital paid in 3,682 140 998 161 257 293 341 416 85 98 136 248 509 Surplus 3,336 123 969 114 224 228 303 390 74 91 128 219 474 Other capital accounts 310 12 105 40 28 65 0 21 24 3 12 0 0 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 423,955 20,106 163,066 18,676 24,858 32,186 21,879 46,426 20,124 7,920 16,043 15,306 37,364 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 455,963 23,268 173,895 18,626 26,449 35,732 23,270 48,364 21,415 8,160 15,479 17,081 44,223 Less--Held by F.R. Banks 80,955 5,556 26,519 1,851 3,713 6,933 55,,774499 66,,883366 22,,774422 11,,661177 11,,447788 44,,336633 13,597 F.R. notes, net 375,008 17,712 147,377 16,775 22,736 28,799 1177,,552211 4411,,552288 1188,,667733 66,,554433 1144,,000011 1122,,771188 30,626 Collateral held against F.R. notes Gold certificate account 11,051 Special drawing rights certificate account 8,018 Other eligible assets 0 U.S. govt, and agency securities 355,938 Total collateral 375,008 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