H.4.1 Factors Affecting Reserve Balances of Depository Institutions

.*oql£2lV< FEDERAL RESERVE -prr These data are scheduled for release each Thursday. The jTj^-of each rele^s^rwiiKb^e^nnpunced, 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 January 4, 1996 Millions of dcllars 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 itesis Jan 3, 1996 Dec 27, 1995 i Jan 4, 1^95 Jan 3, 199b Reserve Bank credit1 2 428,625 4,545 T 16,669 435,333 U.S. government securities Bought outright --system account 378,555 40 13,920 378,749 Held under repurchase agreements 11,794 3,797 2,204 11,745 Federal agency obligations Bought ouiright 2,634 2 1,003 2,634 Held under repurchase agreements 885 95 83 j 1,592 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 324 230 88 j 289 Seasonal credit 24 20 " i 10 Extended credit 0 0 0 Float 1,140 187 1,132 I 7,299 Other F.R. assets 33,269 437 2^5 \ 33,015 Gold stock 11,050 0 11,050 0 ; Special drawing rights certificate account 10,168 0 2,150 ; 10,168 Treasury currency outstanding 23,951 14_ °50 23,^51 Toial factors supplying reserve funds 473,795 4/559 19,769 480,502 Currency in circulation* 424,308 + 1,814 20,350 424,557 Treasury cash holdings* 262 i - 7 72 217 Deposits, other than reserve balances, with F.R. Banks i Treasury 6,306 J - 863 842 4,787 Foreign 297 | • 126 57 165 Service-related balances and adjustments3 6,351 j + 790 1,386 6,351 Other 741 ! + 445 55 257 Other F.R. liabilities and capital 12,463 608 359 12.459 Total factors, other than reserve balances, absorbing reserve funds 450,729 1,696 21,292 448,794 Reserve balances with F.R. Banks4 23,065 2,863 1,523 31,703 On January 3, 1996 the face amount of marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts was % 502,958 million, a change of - $ 2404 million for the week. The total includes the face value of U.S. Treasury strips and other zero coupon bonds. 1 Net of $ 11,979 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 11,979 million was with foreign official and international accounts Includes securities loaneti--fuily secured by U S. government securities. 2 Net of $ 11,785 million matched sale-purchase transactions outstanding it the end of the latest statement week, of which a net of S 11.785 million was with foreign official and international accounts Includes S 560 million securities loaned-fully secured U.S. government securities. 3 Consists of required clearing balances of $ 5.171 million and adjustments of $ 1,181 million to compensate for float. 4 Excludes required clearing balances and adjustments to compensate for f!cat. * Estimated (Treasury's figures). Components may not aad 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 BANK: Millions of dollars Change since Wednesday Wednesday Wednesday Jan 3, 1996 Dec 27, 1995 Jan 4, 1995 ASSETS Gold certificate account 11,050 0 0 Special drawing rights certificate account 10,168 0 2,150 Coin 412 21 102 Loans 299 236 754 Acceptances 0 0 0 Federal agency obligations Bought outright 2,634 0 1,003 Held under repurchase ag^eenents1 1,592 1,592 1,179 U.S. government securities Bought outright--Bills 183,667 2,3*5 6,052 Notes 151,013 0 6,870 Bonds 44 .0 69 0 _1^071 Total bought outright2 "373,749 2,393 13,993 Held under repur crane agree^er t s- 11,745 5,021 1,867 Total U.S. government securities 330,494 I _2_>2_8 15,8o0 Total loans and securities 395,019 4,456 15,283 Items in process of collection (985) 15,725 8,190 6,134 Sank premises 1,125 28 49 Other assets3 31,858 202 282 TOTAL ASSETS (985) 465,357 12,799 23,999 LIABILITIES ~ai Resar 401,236 173 19,646 Depository ins11 tut ions 38,316 12,530 8,119 U.S. Treasury--general account 4,787 992 3,845 Foreign--official accounts 165 13 5 Other J257 22 35 Total deoosits 43,525 + 11,503 4,304 Deferred availability cash items (983) 8,137 + 1,343 243 Other liabilities and accrued dividends4 4_,328 139 331 TOTAL LIABILITIES (983) 457,225 13,040 23,377 CAPITAL ACCOUNTS Capital paid in 3,976 10 291 Surplus 3,ab4 280 288 Other capital accounts 192 531 43 * Figures in parentheses are the eliminations marie 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 S 0 million /vi-s outstanding at ihe end of the latest statement week. 2 Net of S 11.785 million matched sale-purchase ransactions outstanding at the end of the latest statement #veek. Includes $ 560 million securities !oaned--fui!y secured by U S. government securities. 3 Includes assets denominated in foreign currencies, revaluea monrhly at market exchange rates. Includes special investment account at Chicago of '$ 60 million in Treasury bills maturing within 90 days. 4 Includes exchange-translation account reflecting the mcnthiy revaluation ait market exchange rates of foreign exchange commitments. Components may not add to totals due to rounding. MATURITY DISTRIBUTION OF LOANS AND SECURITIES. JANUARY 3, 1996 Acceptances and securities field 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 Loans Acceptances securit les obliga t ions Holdings Weekly Holdings Weekly changes changes Within 15 days 297; 0 Within 15 days • 26,631 + 2,726; 1 ,592+ " 1,352 16 days to 90 days 21 0 16 days to ^0 days 88,402-• 1,043; 754- • 280 Over 90 days i 01 0 91 days to 1 year 121,5o8 - 1,370, 487! - 40 ' Over 1 year to 5 years 85,503 • 230 341; 0 ! Over 5 years to 19 years 31,460 0 527! 0 ! Over 10 years 36,921 o1 25 ! 0 Total 299 Total 390,494 • 2,b28 1,592 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 JANUARY 3, 1996 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco ASSETS Gold certificate account 11,050 575 4,273 433 621 862 556 1,220 484 203 382 405 1,036 Special drawing rights certif. acct. 10,168 511 3,903 413 584 790 523 1,079 490 180 342 376 977 Coin 412 16 18 26 23 69 65 34 19 19 40 47 35 Loans 299 1 0 68 0 125 2 1 53 0 1 0 49 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Federal agency obligations Bought outright 2,634 130 1,047 114 152 202 122 304 121 48 101 85 209 Held under repurchase agreements1 1,592 0 1,592 0 0 0 0 0 0 0 0 0 0 U.S. govetnment securities bought outright--Bills 183,667 9,033 72,999 7,968 10,588 14,106 8,527 21,175 8,405 3,316 7,018 5,955 14,577 Notes 151,013 7,427 60,021 6,552 8,706 11,598 7,011 17,410 6,911 2,726 5,770 4,896 11,985 Bunds 49,069 22,,116677 1177,,551155 11,,991122 22,,554400 33,,338855 22,,00^^66 55,,008811 22,,001177 796 11,,668844 11,,442299 3,498 Total bought outright2 378,749 1188,,662277 115500,,553355 1166,,443322 2211,,883344"" 2299,,009900"" 1177,,558833"" 4433,,666655 1177,,333333 6,838 1144,,447722 1122,,228800 30,060 Held under repurchase agreements1 11,7*5 0 11,745 0 0 0 0 U 0 0 0 0 0 Total U.S. govt, securities 390/494 18,627 162,280 16,432 217834 29,090 17,583" 43,665 "T77333" 6,838 14,472 12,280" 30,060 Total loans and securities 395,019 18,757 164,919 16,614 21,986 2^,417 17,708 43,969 17,506 6,885 14,574 12,366 30,318 Items in process of collection 16,707 1,110 2,690 1,063 1,279 1,422 1,939 1,797 595 878 854 880 2,200 Bank premises 1,125 94 147 49 66 127 7 7 110 30 54 55 157 159 Other assets3 31,858 1,245 10,727 1,308 1,983 2,581 2,401 3,484 881 734 1,140 1,724 3,651 Idler district settlement account 0 +7,89| -27,840 -74 + 110 +5,0 04 +13,381 -4,811 + 264 -809 -2,368 +2,543 +6,709 T01AL ASSETS 466,339 30,198 158,838 19,832 26,652 40,272 36,650 46,881 20,270 8,146 15,018 18,497 45,085 1 Does not include U.S. government and federal agency securities resold under matched sale-purchase transactions to foreign official andi international accounts, of which $ 0 million was outstanding at the end of the latest statement week 2 Net of $ 11 /ab milhon matched sale-purchase transactions outstanding ai the end of the latest statement week Includes $ 560 million securities loaned- hilly secured by U.S. government securities J Includes assets denominated in foreign currencies, revalued inonthly at market exchange rates Includes special investment account at Chicago of $ 60 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 JANUARY 3 1996 Millions of dollars Tou,l BBoossttoonn NNooww YYooiikk 11 PPII,, CCiitt.. vvtt..uuuuiiii '' ]] AAttLL..nnttaa !! CChhiirraayyoo || SStt.. LLoouuiiss Minneapolis K C an it s y a s Dallas Fra S n a c n is co __..__LL__ LIABILITIES RRii--....::lliinnnn..--»»nnii Federal Reserve notes 401,23b 2266,,117711 113399,,338800 lloo,,II8888 2233,,552222 3311,,114444 4411,,880077 1188,,444411 5,999 12,235 15,657 35,748 Deposits 3344,,994433 Depository institutions 3a,316 2,930 9,564 2,235 2,021 3,5/1 3,5/7 2,732 1,105 1,042 1,590 1,754 6,195 U.S. Treasury--general account 4/787 0 4,787 0 0 0 0 0 0 0 0 0 0 foreign-official accounts lo5 5 62 6 10 11 13 16 3 4 5 9 20 Other 257 11 113388 11 11 2266 ____ 1188 6611 11 33 33 22 2 lotal deposits 43,52b 22,,993377 1144,,555511 22,,22HH33~~ 22,,003311 33,,660088 33,,660088 22,,880099 iiTTiiFFoo 11,,004499 11,,559988 11,,776655~~ 6,216 Do far red credit items 9,120 520 1,090 811 326 792 881 817 313 800 685 417 1,668 Other liabiJities and accrued dividends1 4,328 222211 11,,661155 220022 224444 333311 223322 448822 220011__ 101 118899 115588 353 TOIAL LIABILITIES 41.8,208 2299,,884488 II55oo,,663355 1199,,444433 ''ZZbb'',,ll2233~~ 33997766//44 3355~~,,88oo44 4455,,991155 2200,,006655"" 7,949 1144,,770077 1177,,999977 43,986 CAPITAL ACCOUNTS Capital paid in 3,97b 171 1,064 190 259 OijO 389 473 98 99 152 246 544 Sin plus 3,964 171 1,057 190 259 292 389 473 98 96 152 246 542 Other capital accounts 192 9 83 8 11 14 8 21 9 1 8 7 14 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 466,339 30,198 158,838 19,832 26,652 40,272 36,650 46,881 20,270 8,146 15,018 18,497 45,085 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 480,013 31,960 167,343 19,566 26,835 41,257 36 687 46,347 20;731 7,139 13.859 19,692 47,096 Less- Held by F.R. Banks 78,778 5,290 27,963 3,3/8 3/313 6,314 5,543 6,540 2,290 JU140 1,J>24 4,035 11,347 F.R. notes, net 401,236 26,1/1 139,380 16,188 23,522 34,943 3l7lH4 41,807 18,441 5,999 12,235 15,657 35,748 Collateral held against F.R. notes Gold certificate account 11,050 Special didwiny rights certificate account 10,168 Other eligible assets 0 U.S. govt, and agency securities 380,018 Total collateral 401,236 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments Components m<*y not add to totals due to rounding. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis