H.4.1 Factors Affecting Reserve Balances of Depository Institutions

^o°m&;.r 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. H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks January 11, 1996 Millions of dollars Averages of daily figures RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt Week ended Change from week ended Wednesday FF»»RR.. BBaannkkss,, RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss Jan 10, 1996 Jan 3, 1996 Jan 11, 1995 Jan 10, 1996 Reserve Bank credit1 2 422,010 - 6,423 + 14,460 416,111 U.S. government securities Bought outright--system account 378,425 - 131 + 11,770 376,543 Held under repurchase agreements 2,556 - 9,238 - 631 0 Federal agency obligations Bought outright 2,634 0 - 995 2,634 Held under repurchase agreements 1,572 • 687 + 1,063 0 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 4 - 320 - 11 5 Seasonal credit 4 - 20 - 36 4 Extended credit 0 0 0 0 Float 4,454 + 3,488 + 3,642 4,695 Other F.R. assets 32,362 - 890 - 342 32,232 Gold stock 11,050 0 0 11,050 Special drawing rights certificate account 10,168 0 + 2,150 10,168 Treasury currency outstanding 23,965 + 14 + 946 23,965 Total factors supplying reserve funds 467,193 - 6,409 _ 17,556 461,294 Currency in circulation* 421,470 - 2,838 + 14,988 420,554 Treasury cash holdings* 217 - 45 - 112 218 Deposits, other than r serve balances, with F.R. Banks Treasury 5,313 - 993 - 2,108 5,796 Foreign 182 - 116 + 12 177 Service-related balances and adjustments3 5,675 - 676 + 986 5,675 Other 232 " 509 + 9 236 Other F.R. liabilities and capital 12,593 A 131 + 467 12,557 Total factors, other than reserve balances, absorbing reserve funds 445,683 5,046 + 19,242 445,213 Reserve balances with F.R. Banks'* 21,510 1,363 - 1,686 16,082 On January 10, 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 $ 504929 million, a change of - $ 1,971 million for the week. The total includes the face value of US Treasury strips and other zero coupon bonds. 1 Net of $ 12,109 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 12,109 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. government securities. 2 Net of $ 13,991 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 13,991 million was with foreign official and international accounts Includes $ 135 million securities loaned-fully secured U.S. government securities. 3 Consists of required clearing balances of $ 5,167 million and adjustments of $ 508 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 Jan 10, 1996 Jan 3, 1996 Jan 11, 1995 ASSETS Gold certificate account 11,050 0 - 1 Special drawing rights certificate account 10,168 0 • 2,150 Coin 417 • 5 • 89 Loans 8 291 39 Acceptances 0 0 0 Federal agency obligations Bought outright 2,634 0 - 976 Held under repurchase agreements1 0 1,592 - 300 U.S. government securities Bought outright*-Bills 181,461 2,206 • 1,024 Notes 151,013 0 • 6,870 Bonds 44,069 0 + 1,071 Total bought outright2 376,543 - 2,206 • 8,965 Held under repurchase agreements1 0 - 11,745 - 249 Total U.S. government securities 376,543 - 13,951 + 8,716 Total loans and securities 379,185 - 15,834 • 7,401 - Items in process of collection (663) 10,434 5,291 • 3,650 Bank premises 1,130 • 5 + 53 Other assets3 31,211 - 647 - 685 TOTAL ASSETS (662) 443,596 - 21,761 • 12,658 LIABILITIES Federal Reserve notes 397,224 4,012 • 18,615 Deposits Depository institutions 22,356 - 15,960 - 5,074 U.S. Treasury--general account 5,796 • 1,009 - 1,480 Foreign--official accounts 177 + 12 - 20 Other 236 - 21 - 36 Total deposits 28,565 - 14,960 - 6,611 Deferred availability cash items (663) 5,250 - 2,887 + 105 Other liabilities and accrued dividends4 4,141 - 186 - 157 TOTAL LIABILITIES (663) 435,180 - 22,045 + 11,952 CAPITAL ACCOUNTS Capital paid in 3,983 + 7 + 290 Surplus 3,966 + 3 + 283 Other capital accounts 466 • 274 + 132 * Figures in parentheses are the eliminations made in the consolidation process. 1 Does not include U S. government and federal agency securities resold ur-der 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 $ 13,991 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 135 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 $ 78 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, JANUARY 10, 1996 Acceptances and securities heid 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 Loans !Acceptances Weekly Weekly Holdinas Holdinas changes ch^r.ges Within 15 days 0 j Within 15 days 14,549'- 12,062 0; - 1,592 lb days tc 90 days 0 : 16 days to 90 days 90,867;+ 2,4b5 754! 0 Over SO days 0 i 91 days to 1 year 117,234j- 4,334 6471 + 160 j Over 1 year to 5 years 85,503! 0 681: - 160 j Over 5 years to 10 years 31,469; 0 527! 0 ! Over 10 years 36,921; 0 25' 0 Total 0 Total 376,543,- 13,951, 2,634 - 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 10, 1996 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City Francisco ASSETS Gold certificate account 11,050 575 4,273 433 621 862 556 1,220 484 203 382 405 1,036 Special drawing rights cartif. acct. 10,168 511 3,903 413 584 790 523 1,079 490 180 342 376 977 Coin 417 17 16 24 22 72 66 35 21 20 39 48 37 Loans 8 0 0 0 0 0 2 0 3 0 1 0 3 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 0 0 0 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright -Bills 181,461 8,924 72,123 7,873 10,461 13,937 8,424 20,920 8,304 3,276 6,934 5,883 14,402 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 Bonds 44,069 22,,116677 17,515 11,,991122 22,,554400 33,,338855 22,,004466 55,,008811 22,,001177 779966 11,,668844 11,,442299 3,498 Total bought outright2 376,543 1188,,551199 149,659 1166,,333366 2211,,770077"" 2288,,992200 1177,,448811 4433,,441111 1177,,223322 66,,779988"" 1144,,338877 1122,,220099 29,885 Held under repurchase agreements1 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt, securities 376,543 1188,,551199 114499,,665599 1166,,333366 21,707 28,920 1177,,448811 4433,,441111 1177,,223322 66,,779988 1144,,338877 1122,,220099 29,885 Total loans and securities 379,185 1188,,664488 115500,,770066 1166,,445511 21,859 29,122 1177^^660055 4433,,771144 1177,,335555 66,,884455 1144,,448899 1122,,229944~~ 30,097 Items in process of collection 11,097 891 1,745 999 685 843 1,069 936 588 480 660 550 1,651 Bank premises 1,130 94 147 49 66 127 77 110 30 59 55 157 159 Other assets3 31,211 1,257 9,898 1,319 2,003 2,608 2,415 3,512 893 740 1,150 1,742 3,674 Jnterdistrict seii lenient account 0 +6,548 --1177,,222277 --22,,00bb66 --119966 ++33,,229933 ++1111,,990022 --44,,000055 --226633 --11,,222211 --33,,221100 ++22,,117799 •4,267 TOTAL ASSETS 444,259 28,541 115533,,446611"" 1177,,662222 2255,,664455 3377,,771166 3344,,221122 4466,,660022 1199,,559988 77,,330077"" 1133,,990077 1177,,775511 41,898 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 $ 13,991 million matched sale-purchase transactions outstanding at the end ot the latest statement week. Includes $ 135 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 $ 78 million in Irea-iury 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 10, 1996 Millions of dollars Kansas San Boston Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 397,224 25,973 139,307 15,817 23,345 34,615 30,241 41,500 18,251 5,932 12,024 15,266 34,953 Deposi ts Depository institutions 22,356 1,541 3,553 1,077 1,202 1,660 2,193 3,057 710 598 917 1,529 4,318 U.S. Treasury--general account 5,796 0 5,796 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 177 5 74 6 10 11 13 16 3 4 5 9 20 Other 236 1 123 1 2 19 5 79 3 2 1 1 Total deposits; 28,565 1,547 9,545 1,084 1,214 1,690 2,211 3,153 714 605 925 1,539 4,338 Deferred credit items 5,914 438 849 122 304 468 721 474 218 463 451 282 1,123 Other liabilities and accrued dividends1 4/141 218 1,47,9 200 _ 241 327 233 477 199 103 188 156 360 TOTAL LIABILITIES 435,843 28,176 151,142 17,223 25,104 37,I01 33,405 45,603 19,381 7,103 13,587 17,244 40,774 CAPITAL ACCOUNTS Capital paid in 3,983 172 1,064 190 255 289 397 475 99 99 152 246 544 Surplus 3,966 171 1,057 190 259 292 389 473 98 99 152 246 542 Other capital accounts 466 21 199 18 27 35 20 51 20 6 16 14 38 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 444,259 28,541 153,4bl 17,622 25,645 37,716 34,212 46,602 19,598 7,307 13,907 17,751 41,898 FEDERAL RESERVE AGENTS* ACCOUNTS F.R. notes outstanding 480,114 31,469 168,551 19,523 26,773 41,128 36,188 48,334 20,833 7,128 13,822 19,384 46,981 Less- Held by F.R. Banks 82^890 _ 5,496 2_9,244_ 3,706 3j,427 6,513 5,947 6,834 2,582 1,196 1,798 4,119 12,028 F.R. notes, net 397,224 25,973 1397307 15,817 23,345 34,615 30,241 41,500 18,251 5,932 12,024 15,266 34,953 Collateral held against F.R. notes Cold certificate account 11,050 Special drawing rights certificate account 10,168 Other eligible assets 0 U.S. govt, and agency securities 376,006 Total collateral 397,224 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