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. H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks January 18, 1996 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 Jan 17, 1996 Jan 10, 1996 Jan 18, 1995i Jan 17, 1996 Reserve Bank Credit (1,2) 416,725 4,973 10,631 426,776 U.S. government securities Bought outright-system account 377,756 669 13,571 377,701 Held under repurchase agreements 548 2,008 j 2,224 1,500 Federal agency obligations i Bought outright 2,634 0 976 2,634 Held under repurchase agreements 643 929 I 100 3,000 Acceptances 0 o ! 0 0 j Loans to depository institutions Adjustment credit 33 29 j 10 142 Seasonal credi t 3 1 ii 34 3 Extended credit 0 0 | 0 0 Float 2667 1,475 1,312 9429 Other F.R. assets 32,442 80 908 32,368 Gold stock 11,050 0 1 11,050 Special drawing rights certificate account 10,168 0 2,150 10,168 Treasury currency outstanding 23,979 14 942 23,979 Total factors supplying reserve funds 461,922 4,959 13,723 471,973 Currency in circulation* 419,124 2,346 19,564 418,606 Treasury cash holdings* 225 8 106 270 Deposits,other than reserve balances,with F.R.Banks Treasury 5,548 235 977 7,859 Foreign 174 8 32 166 Service-related balances and adjustments (3) 5,430 246 820 5,430 Other 287 54 3 306 Other F.R. liabilities and capital 12,940 346 448 12,678 Total factors, other than reserve balances, absorbing reserve funds 443,728 1,955 + 19,720 445,315 Reserve balances with F.R. Banks (4) 18,194 3,003 5,998 26,658 On January 17, 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 $ 506,981 million, a change of + $ 2,052 million for the week. The total includes the face value of U.S. Treasury strips and other zero coupon bonds. 1 Net of $ 12,427 million daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 11,827 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. government securities. 2 Net of $ 11,605 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 11,605 million was with foreign official and international accounts. Includes $ 340 million securities loaned-fully secured U.S. government securities. 3 Consists of required clearing balances of $ 5,167 million and adjustments of $ 263 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 Wednesday Wednesday Wednesday Jan 17, 1996 Jan 10, 1996 Jan 18, 1995 ASSETS Gold certificate account 11,050 0 o Special drawing rights certificate account 10,168 0 2,150 Coin 447 29 96 Loans 145 137 52 Acceptances 0 0 0 Federal agency obligations Bought outright 2,634 0 976 Held under repurchase agreements (1) 3,000 3,000 1,899 U.S. government securities Bought outright—Bills 183,847 2,386 5,933 Notes 149,785 1,228 6,263 Bonds 44,069 0 1,071 Total ought outright (2) 377,701 1,158 13,267 Held ii ar repurchase agreements (1) 1,500 1,500 4,321 Tote U.S. government securities 379,201 2,658 8,946 Tc; 1 loins and securities 384,980 5,795 9,921 t*?ais in 'oress of collection (465) 18 912 8,478 7,709 ijw pre*. es 1 ,135 4 58 v„i*e.r as. -s (3) 31 254 43 983 TOTAL ASSETS (465) 457,945 14,349 18,952 LIABILITIES Federal irve notes 395,344 1,879 18,048 Deposits Deposi y institutions 31,936 9,580 991 U.S. T.c sury--general account 7,859 2,063 971 Foreign -official accounts 166 11 9 Cthet (-1) 306 70 10 Tr- deposits (-1) 40 267 + 11,702 1 Deferred ailability cash items (466) 9 ,656 + 4,405 721 Other liabilities and accrued dividends (4) 4 280 + 139 401 TOTAL LIABILITIES (465) 449,547 14,367 18,367 CAPITAL ACCOUNTS Capital p; id in 3,988 4 295 Surplus 3,966 0 283 Other capi :al accounts 444 22 7 *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 $ 11,605 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 340 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 $ 103 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 17, 1996 Acceptances and securities held under repurchase aggreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements. Millions of dollars U.S. government Federal agency LLooaannss AAcccceeppttaanncceess securities obligations Weekly | Weekly Holdings changes Holdings ! changes Within 15 days 144 0 Within 15 days 11,546 3,003 3141 + 3141 16 days to 90 days 1 0 16 days to 90 days 92,858 + 1,991 613 i - 141 Over 90 days 0 0 91 days to 1 year 121,502 + 4,268 647 0 Over 1 year to 5 years 84,904 599 681 0 Over 5 years to 10 years 31,469 0 527 0 OOvveerr 1100 yyeeaarrss 36,921 0 25 0 Total 145 0 TToottaall 379,201 + 2,658 5634 + 3000 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 17, 1996 Millions of dollars Kansas San Total BBoossttoonn NNeeww YYoorrkk 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 447 18 17 24 23 73 73 40 22 22 40 50 45 Loans 145 0 0 3 0 0 135 0 2 1 1 0 4 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 agreements (1) 3,000 0 3,000 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright--Bills 183,847 9,042 73,071 7,976 10,598 14,120 8,535 21,195 8 ,413 3,319 7,025 5,961 14,591 Notes 149,785 7,367 59,533 6,498 8,635 11,504 6,954 17,268 6 ,855 2,704 5,723 4,856 11,888 Bonds 44,069 2,167 1177,,551155 1,912 2,540 3,385 2,04 6 5,081 2 ,017 796 11,,668844 11,,442299 3,498 Total bought outright(2) ^~ 377,701 18,576 11550077111199"" 16,386 21,774 29,009 17,535 43,544 17 ,285 6,819 1144,,443322 1122,,224466 29,977 Held under repurchase agreements (((111))) 1,500 0 1,500 0 0 0 000 000 000 000 000 000 0 Total U.S. govt, securities 337799,,220011 18,576 115511,,661199 1166,,338866 21,774 29,009 '''""""""111777777555333555""" 444 333 777111555444444""" ,,,222888555""" 666777888TTT999""" 111444,,,444333222""" 111222,,,222444666 29,977 Total loans and securities 18,705 115555~~,,666666 ""116677550044"" 21,925 29,211 """111777,,,777999TTT 444333,,,888444888""" """111777"""777 444000777""" 666777888666777""" 111444,,,555333333""" 111^^^777333333222""" 30,190 Items in process of collection 19,378 1,275 3,213 1,050 980 2,287 2,429 2,151 714 831 1,041 729 2,677 Bank premises 1,135 94 147 49 71 127 77 110 30 59 55 157 159 Other assets(3) 31,254 1,255 9,947 1,319 1,999 2,608 2,415 3,534 890 738 1,150 1,732 3,669 Interdistrict settlement account -0 6616 -15432 --11669922 558800 22444400 1100884477 --55447777 --229999 --777755 --33221155 22446655 3940 TOTAL ASSETS 458,411 29,051 161,733 ~~118877''009999~~ 2266,,778844~~"" 338877339988~~ 3344,,771122"" "" 44~~66~~,,550044~~TT ssTT 77773399"" 1144,,332299~~ 1188,,224466 42,693 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 was outstanding at the end of the latest statement week. 2 Net of $ 11,605 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 340 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 $ 103 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 17, 1996 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 395,344 25,861 139,813 15,856 23,162 34,404 29,421 41,125 18 ,151 5,910 11,848 15,085 34,708 Deposits Depository institutions 31,936 2,025 8,769 1,234 2,405 1,883 3,065 2,813 786 1,190 1,276 1,942 4,549 U.S. Treasury--general account 7,859 0 7,859 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 166 5 62 6 10 11 13 16 3 4 5 9 20 Other 306 1 123 0 4 62 6 104 0 2 1 1 1 Total deposits 40,266 2,031 16,813 1,240 2,418 1,956 3,084 2,933 789 1,196 1,283 1,953 4,569 Deferred credit items 10,122 570 1,290 399 417 1,087 1,156 954 376 704 684 544 1,940 Other liabilities and accrued dividends (1) 4,280 224 1,511 206 248 341 240 491 204 107 193 159 357 TOTAL LIABILITIES 450,013 28,685 159,428 1177,,770011 2266,,224466 3377,,778899 3333,,990011 4455,,550033 1199 ,,552200 77,,991177 1144,,000088 1177,,774411 41,574 CAPITAL ACCOUNTS Capital paid in 3,988 172 1,068 119900 225555 228899 339966 447755 9999 110000 115522 224477 544 Surplus 3,966 171 1,057 119900 225599 229922 338899 447733 9988 9999 115522 224466 542 Other capital accounts 444 22 181 1188 2244 2288 2277 5533 2211 77 1177 1122 34 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 458,411 29,051 161,733 1188,,009999 2266,,778844 3388,,339988 3344,,771122 4466,,550044 1199 ,,773399 88,,112244 1144,,332299 1188,,224466 42,693 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 480,715 31,488 169,411 19,409 26,787 41,100 35,819 48,298 20 ,902 7,121 13,803 19,275 47,302 Less—Held by F.R. Banks 85,371 5,627 29,597 3,553 3,625 6,696 6,398 7,173 2 ,752 1,210 1,955 4,189 12,595 F.R. notes, net 395,344 2255,,886611 113399,,881133 1155,,885566 2233,,116622 3344,,440044 2299,,442211 4411,,112255 1188 ,,115511 55,,991100 1111,,884488 1155,,008855 34,708 Collateral held against F.R. notes Gold certificate account 11,050 Special drawing rights certificate account 10,168 Other eligible assets 0 U.S. govt, and agency securities 374,126 Total collateral 395,344 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