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. >*LR&'> 'H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks December 29, 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 Dec 28, 1994 Dec 21, 1994 Dec 29, 1993 Dec 28, 1994 Reserve Bank credit1 2 410,1<>5 4,397 + 30,086 U.S. government securities + 413,775 Bought outright--system account 364,225 - 347 + 32,474 364,942 Held under repurchase agreements 6,832 + 3,746 - 1,893 6,020 Federal agency obligations Bought outright 3,642 - 2 - 1,043 3,637 Held under repurchase agreements 1,046 - 111 + 244 1,000 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 65 - 69 + 40 53 Seasonal credit 118 4- 14 • 97 114 Extended credit 0 0 0 0 Float 1,605 + 746 + 578 5,187 Other F.R. assets 32,662 + 419 - 412 32,821 Gold stock 11,051 0 - 3 11,051 Special drawing rights certificate account 8,018 0 0 8,018 Treasury currency outstanding 22,8*8 4- 14 + 814 22,8*8 Total factors supplying reserve funds 452,lo2 + 4,411 _ 30,897 455,742 Currency in circulation* 401,884 + 3,674 + 35,841 404,412 Treasury cash holdings* 335 - 8 - 41 335 Deposits, other than reserve balances, with F.R. Banks Treasury 6,973 + 276 - 143 7,677 Foreign 219 + 40 - 39 173 Service-related balances and adjustments3 4,504 - 54 - 2,094 4,504 Other 278 - 39 + 20 271 Other F.R. liabilities and capital 12,584 • 181 + 2,798 12,273 Total factors, other than reserve balances, absorbing reserve funds 426,776 + 4,070 + 36,341 429,645 Reserve balances with F.R. Banks* 25,386 • 341 - 5,444 26,096 On December 23, 1994, the face amount of marketable US. government securities held in custody by the Federal Reserve Banks for foreign official snd international accounts was $ 411,727 million, a change of - $ 6,772 million for the week. The total includes the face value of U.S. Treasury strips and other zero coupon bonds. 1 Net of $ 8,336 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of S 8.336 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. government securities. 2 Net of S 7 618 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 7,518 million was with foreign official and international accounts. Includes S 611 million securities loaned-fully secured U.S. government securities. 3 Consists of required clearing balances of $ 4.241 million and adjustments of $ 264 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 28, 1994 Dec 21, 1994 Dec 29, 1993 ASSETS Gold certificate account 11,051 0 - 3 Special drawing rights certificate account 8,018 0 0 Coin 321 - 20 - 37 - Loans 168 748 • 121 Acceptances 0 0 0 Federal agency obligations Bought outright 3,637 - 7 - 1,002 Held under repurchase agreements1 1,000 + 900 • 115 U.S. government securities Bought outright--Bills 177,801 - 381 + 16,547 Notes 144,143 0 + 12,067 Bonds 42,998 0 • 3,426 Total bought outright2 364,942 - 381 + 32,040 Held under repurchase agreements1 6,020 • 900 - 5,398 Total U.S. government securities 370,962 • 519 • 26,642 Total loans and securities 375,767 + 665 + 25,876 Items in process of collection (752) 11,921 + 4,883 + 6,314 Bank premises 1,075 + 3 + 20 Other assets3 31,827 + 445 - 770 TOTAL ASSETS (752) 439,979 + 5,977 + 31,401 LIABILITIES Federal Reserve notes 382,170 + 3,904 + 36,292 Deposits Depository institutions 30,648 + 2,421 - 11,449 U.S. Treasury--general account 7,677 - 1,074 + 2,270 Foreign--official accounts 173 - 19 - 113 Other 271 - 48 + 26 Total deposits 38,769 • 1,280 - 9,267 Deferred availability cash items (752) 6,767 + 895 + 1,719 Other liabilities and accrued dividends4 4,473 - 137 + 1,940 TOTAL LIABILITIES (752) 432,179 + 5,943 + 30,684 CAPITAL ACCOUNTS Capital paid in 3,685 + 5 + 307 Surplus 3,401 0 + 348 Other capital accounts 714 • 28 • 61 * 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 Het of $ 7,618 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 611 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 $ 82 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 28, 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 159 0 WWiitthhiinn 1155 ddaayyss 18,210 + 3,797 253 + 21 16 days to 90 days 8 0 1166 ddaayyss ttoo 9900 ddaayyss 81,254 4,327 573 + 56 Over 90 days 0 0 9911 ddaayyss ttoo 11 yyeeaarr 112,555 + 150 912 80 OOvveerr 11 yyeeaarr ttoo 55 yyeeaarrss 90,031 0 1,387 3 OOvveerr 55 yyeeaarrss ttoo 1100 yyeeaarrss 28,053 0 488 0 OOvveerr 1100 yyeeaarrss 34,845 0 25 0 Total 168 0 TToottaall 364,948 380 3,638 6 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 28, 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 11,051 553 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 321 16 20 19 18 54 46 24 23 19 22 28 33 Loans 168 4 2 8 0 0 15 23 28 45 31 5 7 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Federal agency obligations Bought outright 3,637 190 1,344 142 229 291 163 417 145 80 156 138 343 Held under repurchase agreements1 1,000 0 1,000 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright--Bills 177,801 9,308 65,699 6,954 11,208 14,212 7,947 20,368 7,071 3,916 7,627 6,724 16,766 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 15,888 11,,668822 22,,771100 33,,443377 11,,992222 44,,992266 1,710 947 1,844 1,626 4,055 Total bought outright2 364,942 19,104 134,850 1144,,227733 2233,,000055 2299,,117711 1166,,331122 4411,,880077 14,514 8,037 15,655 13,802 34,413 Held under repurchase agreements1 6,020 0 6,020 00 00 0 0 00 00 00 00 00 0 Total U.S. govt, securities 370,962 19,104 140,870 1144,,227733 2233,,000055 29,171 16,312 4411,,880077 1144,,551144 88,,003377 1155,,665555 1133,,880022 34,413 Total loans and securities 375,767 19,298 143,215 14,423 23,234 29,462 16,490 42,247 14,686 8,163 15,841 13,944 34,763 Items in process of collection 12,673 490 1,108 509 660 712 1,106 1,277 739 1,578 566 2,378 1,550 Bank premises 1,075 93 137 46 45 134 63 112 30 47 53 157 156 Other assets3 31,827 1,240 10,303 1,083 1,967 2,371 2,583 3,578 819 776 1,183 1,932 3,992 Interdistrict settlement account 0 -2,073 +8,355 +2,692 -1,661 -943 +2,354 -2,034 +4,288 -2,453 -1,952 -3,356 -3,216 TOTAL ASSETS 440,731 20,128 170,080 19,468 25,479 33,345 23,503 47,455 21,182 8,545 16,349 15,913 39,284 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 $ 7,618 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 611 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 $ 82 million in Treasury bills maturing within 90 days. Components may not add to totals due to rounding. I 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 28, 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 382,170 17,833 151,370 16,830 22,537 29,036 18,318 42,134 19,279 6,577 13,983 13,055 31,218 Deposits Depository institutions 30,648 1,311 5,999 1,661 1,791 2,689 3,471 3,130 1,253 1,071 1,368 1,701 5,203 U.S. Treasury--general account 7,677 0 7,6/7 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 173 5 72 5 9 9 13 16 3 4 5 10 21 Other 271 2 143 2 2 2233 22 8833 11 44 22 44 3 Total deposits 38,769 1,318 13,891 1,668 1,803 22,,772211 33,,448866"" 33,,222299 11,,225566 11,,007788 11,,337755 11,,771155 5,227 Deferred credit items 7,519 446 987 447 335 633 774 726 286 577 491 460 1,357 Other liabilities and accrued dividends1 4,473 230 1,688 118866 226611 333300 222266 484 117777 110077 220066 117733 404 TOTAL LIABILITIES 432,931 19,828 167,937 1199,,113311 2244,,993366 3322,,772211 2222,,880044 46,573 2200,,999988"" 88,,334400 1166,,005555 1155,,440033 38,206 CAPITAL ACCOUNTS Capital paid in 3,685 140 988 161 258 296 341 419 85 98 140 248 512 Surplus 3,401 123 969 114 224 228 320 390 74 91 128 246 495 Other capital accounts 714 3377 1188tt>> 6633 6622 110000 3377 7733 2266 1166 2266 1177 71 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 440,731 20,128 170,080 19,468 25,479 33,345 23,503 47,455 21,182 8,545 16,349 15,913 39,284 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 455,472 22,889 174,767 18,489 26,148 35,386 23,490 48,325 21,923 8,050 15,292 16,887 43,825 Less -Held by F.R. Banks 73,302 55,,005566 2233,,339966 1,659 33,,661111 66,,335500 55,,117722 6,191 22,,664444 11,,447733 11,,330099 33,,883322 12,608 F.R. notes, net 382,170 1177,,883333~~ 115511,,337700"" 16,830 2222,,553377 2299,,003366 1188,,331188 42,134 1199//227799"" 66,,557777 1133,,998833 1133,,005555 31,218 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 363,101 Total collateral 382,170 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. Components may not a^Sii to totals due to rounding. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis