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. :'ULptr^\ H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks May 25, 1995 Millions of dollars Averages of daily figures Reserve balances of depository institutions at Week ended Change from week ended Wednesday F.R. Banks, Reserve Bank credit, and related items May 24, 1995 May 17, 1995 May 25, 1994 May 24, 1995 Reserve Bank credit1 2 410,259 323 27,695 414,360 U.S. government securities Bought outright--system account 368,386 1,028 24,238 367,388 Held under repurchase agreements 3,201 1,538 1,485 7,214 Federal agency obligations Bought outright 3,358 0 658 3,358 Held under repurchase agreements 830 401 112 1,650 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 4 1 26 6 Seasonal credit 145 11 3 153 Extended credit 0 0 0 0 Float 274 128 252 218 Other F.R. assets 34,062 1,116 2,519 34,373 Gold stock 11,055 0 2 11,054 Special drawing rights certificate account 8,018 0 0 8,018 Treasury currency outstanding 23,332 14 891 23,332 Total factors supplying reserve funds 452,664 309 28,588 456,764 Currency in circulation* 408,027 I - 500 + 33,970 409,311 Treasury cash holdings* 335 J - 11 - 39 326 Deposits, other than reserve balances, with F.R. Banks - Treasury 4,823 • - 759 463 4,901 Foreign 196 •» 12 - 19 164 Service-related balances and adjustments3 4,188 -f 1 - 1,822 4,188 Other 316 , - 4 + 34 328 Other F.R. liabilities and capital 12,880 | - 45 + 2,391 12,690 Total factors, other than reserve balances, | absorbing reserve funds 430,766 1,306 • 34,052 431,909 Reserve balances with F.R. Banks'* 21,898 * 996 - 5,464 24,856 On May 24, 1995, the face amount of marketable US government securities held in custody by the Federal Reserve Banks for foreign official and international accounts was $ 447,256 million, a change of 4- $ 2,607 million for the week. The total includes the face value of U.S. Treasury strips and other zero coupon bonds 1 Net of $ 7,710 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 7,710 million was with foreign official and international accounts Includes securities loaned-fully secured by U.S. government securities. 2 Net of $ 8,708 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 8,708 million was with foreign official and international accounts, includes $ 80 million securities loaned-fully secured U.S. government securities 3 Consists of required clearing balances of % 4,025 million and adjustments of $ 163 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 May 24, 1995 May 17, 1995 May 25, 1994 ASSETS Gold certificate account 11,054 0 + 2 Special drawing rights certificate account 8,018 0 0 Coin 401 13 + 21 Loans 159 + 18 41 Acceptances 0 0 0 Federal agency obligations Bought outright 3,358 0 - 619 Held under repurchase agreements1 1,650 4 650 + 925 U.S. government securities Bought outright — Bills 176,711 1,462 + 8,730 Notes 146,998 0 + 8,461 Bonds 43,679 0 + 3,297 Total bought outright2 367,388 - 1,462 + 20,489 Held under repurchase agreements1 7,214 + 3,334 + 6,839 Total U.S. government securities 374,602 + 1,872 + 27,328 Total loans and securities 379,769 + 2,540 + 27,593 - Items in process of collection (553) 4,632 1,201 124 Bank premises 1,090 0 + 33 Other assets3 33,239 + 311 + 2,689 TOTAL ASSETS (553) 438,203 + 1,637 + 30,214 LIABILITIES Federal Reserve notes 386,705 + 142 • 32,669 Deposits Depository institutions 29,126 + 3,293 3,869 U.S. Treasury--general account | 4,901 - 934 692 Foreign — official accounts 164 - 15 - 58 Other 328 + 9 + 32 Total deposits 34,520 + 2,353 - 4,588 Deferred availability cash items (554) 4,288 - 861 - 267 Other liabilities and accrued dividends4 4,594 - 25 + 1,670 TOTAL LIABILITIES (553) 430,107 + 1,609 + 29,484 CAPITAL ACCOUNTS Capital paid in ! 3,815 + 5 + 298 Surplus ] j 3,683 0 + 282 Other capital accounts I i 598 + 22 + 150 i. ! * 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 $ 8,708 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 80 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 $ 94 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 24, 1995 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 AAcccceeppttss iicceess Weekly Weekly Holdings Holdings changes changes Within 15 days 144 0 WWiitthhiinn 1155 ddaayyss 2244,,445566 ++ 11,,888800 2,026 + 660 16 days to 90 days 15 0 1166 ddaayyss ttoo 9900 ddaayyss 8855,,116611 88 379 10 Over 90 days 0 0 9911 ddaayyss ttoo 11 yyeeaarr 111155,,007700 00 861 0 OOvveerr 11 yyeeaarr ttoo 55 yyeeaarrss 8866,,444499 00 1,300 0 OOvveerr 55 yyeeaarrss ttoo 1100 yyeeaarrss 2288,,551111 00 417 0 OOvveerr 1100 yyeeaarrss 3344,,995555 00 25 0 Total 159 0 TToottaall 337744,,660022 •• 11,,887722 5,008 + 650 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 24, 1995 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Chicago St. Louis Minneapolis Dallas City Francisco LIABILITIES Federal Reserve notes 386,705 20,174 152,861 14,583 22,611 31,857 21,862 43,430 18,520 6,031 12,800 11,889 30,088 Deposits Depositary institutions 29,126 1,357 7,895 1,319 1,971 1,851 2,321 3,234 885 808 1,194 2,005 4,286 U.S. Treasury--general account 4,901 0 4,901 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 164 5 61 6 10 11 13 16 3 4 5 9 20 Other 328 1 142 1 2 75 2 95 0 __ 3_ 14 1 Total deposits 34,520 1,363 12,999 1,327 1,983 1,937 2,336 ~3,345~ 889 815 1,201 2,019 4,306 Deferred credit items 4,841 299 547 212 208 351 558 437 165 387 331 336 1,010 Other liabilities and accrued dividends1 4,594 232 _1JL6S2_ 214 258 385 258 521 212 107 203 168 385 TOTAL LIABILITIES 430,660 22,069 168,059 16,335 25,060 34,530 25,014 47,732 19,785 7,339 14,535 14,412 35,789 CAPITAL ACCOUNTS Capital paid in 3,815 159 1,013 167 259 302 354 455 89 97 143 249 528 Surplus 3,683 139 988 161 258 296 341 419 85 98 139 247 512 Other capital accounts 598 41 211 26 29 54 32 89 24 8 19 17 48 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 438,756 22,409 170,271 16,690 25,605 35,183 25,741 48,695 19,982 7,542 14,836 14,924 36,878 FEDERAL RESERVE AGENTS* ACCOUNTS F.R. notes outstanding 465,960 25,502 179,079 17,028 26,582 37,788 28,675 50,126 20,896 7,430 14,086 16,256 42,512 Less--Held by F.R. Banks 79^254 ___5 A 328 26,218 2,444 33,,997711 55,,993311 66,,881133 6,697 2,376 1,400 1,285 4,366 12,424 F.R. notes, net 386,705 20,174 152,861 14,583 2222,,661111 3311,,885577 2211,,886622 43,430 18,520 6,031 12,800 11,889 30,088 Collateral held against F.R. notes Gold certificate account 11,054 Special drawing rights certificate account 8,018 Other eligible assets 0 U.S. govt, and agency securities 367,633 Total collateral 386,705 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

H.4 1 (b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MAY 24, 1995 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Chicago St. Louis Minneapolis City Dallas Francisco ASSETS Gold certificate account 11,054 575 4,277 433 621 862 556 1,220 484 203 382 405 1,036 Special drawing rights certif. acct. 8,018 511 2,808 303 556 652 318 1,036 168 186 199 377 904 70 42 35 28 26 23 33 51 Loans 159 3 0 0 8 11 35 71 16 4 12 Acceptances 0 0 0 0 0 0 0 0 0 0 0 Federal agency obligations Bought outright 3,358 165 1,335 146 194 258 156 387 154 61 128 109 267 Held under repurchase agreements1 1,650 0 1,650 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright--Bills 176,711 8,691 70,235 7,667 10,187 13,572 8,204 20,373 8,087 3,190 6,752 5,729 14,025 Notes 146,998 7,229 58,425 6,377 8,474 11,290 6,824 16,947 6,727 2,654 5,617 4,766 11,667 Bonds 43,o79 2,148 JJV360 1'895 ^ 2,518 3,355 2,028 5,036 1,999 789 1>669 1,416 3,467 Total bought outright2 367,388 18,068 146,020 15,939 21,179 28,217 17,056 42,355 16,813 6,633 14,038 11,912 29,159 Held under repurchase agreements1 7,214 0 7^214 0 0 0 0_ 0 0^ 0u 0u u0 0 Tot T a o l t al U . l S o . a g n o s v a t n , d s e s c e u c r u i r t i i t e i s e s 3 3 7 7 4 9 , , 6 7 0 6 2 9 J 1 . 8 8 , , 2 0 3 6 6 8 1 1 5 5 3 6 , , 2 21 34 8 1 1 6 5 , , 0 9 8 3 5 9 2 2 1 1 , , 3 1 7 7 3 9 2 2 8 8 , , 4 2 7 1 5 7 1 1 7 7 , , 2 0 2 5 0 6 4 4 4< 2 2 : , , , 3 7 oj 5 5 a 3 5 1 J 1 L 7 6 O, , , O 8 0 .L 1 0 C 5 2 > 6 6 ^ o . ,7 ,7 o6 7A o3 6* o3 4» x 1 1 u f 4. 4ct i, 7, f 0 1 u t 3 8 o ? 8 2 o 1 -1 X | 1X 2? ,7 ,. ^9 n J 0; 1L 2> <2 46 :" 2 < 2 L 9 9 *J , , t 4 1 i.z 3 5 > 7 9 ^ Items in process of collection 5,185 327 720 243 229 378 565 436 170 384 353 387 993 Bank premises 1,090 93 139 48 51 133 63 111 30 52 54 159 156 Other assets3 33,239 1,307 10,388 1,408 2,141 2,785 2,661 3,729 895 801 1,212 1,899 4,013 Interdistrict settlement account 0 +1,336 -4,301 -1^858 +615 + 1>_8271_ +4A3L5_ -624 +1,206 -874 -1,569 -360 + 288 TOTAL ASSETS 438,756 22,409 170,271 16,690 25,605 35,183 25,741 48,695 19,982 7,542 14,836 14,924 36,878 1 Does not include US 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 $ 8,708 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 80 million securities loaned-fully secured by US government securities 3 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes special investment account at Chicago of $ 94 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