H.4.1 Factors Affecting Reserve Balances of Depository Institutions

^oi^ FEDERAL RESERVE These data are scheduled for release each Thursday The exact time of each release will be announced, when *.f«^: 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 February 29, 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 Feb 28, 1996 Feb 21, 1996 Mar 1, 1995 Feb 28, 1996 Reserve Bank credit1 2 410,778 1,792 9,234 416,549 U.S. government securities Bought outright--system account 375,090 88 + 11,625 376,928 Held under repurchase agreements 890 890 • 890 6,230 Federal agency obligations Bought outright 2,634 0 888 2,634 Held under repurchase agreements 109 109 + 109 765 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 69 61 51 78 Seasonal credit 8 0 29 8 Extended credit 0 0 0 0 Float 1,882 452 1,026 -700 Other F.R. assets 30,095 368 3,550 30,606 Gold stock 11,053 0 3 11,053 Special drawing rights certificate account 10,168 0 2,150 10,168 Treasury currency outstanding 24,100 14 963 24,100 Total factors supplying reserve funds 456,099 1,806 12,349 461,870 Currency in circulation* 413,328 80 16,275 414,230 Treasury cash holdings* 279 1 62 279 Deposits, other than reserve balances, with F.R. Banks Treasury 3,883 1,255 1,295 4,700 Foreign 279 60 97 167 Service-related balances and adjustments3 5,594 193 1,419 5,594 Other 376 17 290 320 Other F.R. liabilities and capital 12,856 77 85 12,692 Total factors, other than reserve balances, absorbing reserve funds 436,595 1,246 16,060 437,983 Reserve balances with F.R. Banks4 19,504 3,052 3,711 23,888 On February 28. 1996, the face amount of marketable US government securities held in custody by the Federal Reserve Banks for foreign official and international accounts was $ 529 208 million, a change of -^ $ 5,278 million for the week. The total includes the face value of US Treasury strips and other zero coupon bonds. 1 Net of $ 14,216 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 12,514 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. government securities. 2 Net of $ 12,378 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 12,378 million was with foreign official and international accounts. Includes $ 189 million securities loaned-fully secured US government securities 3 Consists of required clearing balances of $ 5.365 million and adjustments of $ 229 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 ri.4.1 (a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS Millions of dollars Change since ** WWeeddnneessddaayy Wednesday Wednesday Feb 28, 1996 Feb 21, 1996 Mar 1, 1995 ASSETS Gold certificate account 11,053 0 • 3 Special drawing rights certificate account 10,168 0 • 2,150 Coin 543 7 • 119 Loans 86 • 74 • 31 Acceptances 0 0 0 Federal agency obligations Bought outright 2,634 0 857 Held under repurchase agreements1 765 • 765 • 765 U.S. government securities Bought outright--Bills 183,074 • 1,222 + 5,128 Notes 148,885 0 • 5,112 Bonds 44,969 0 • 2,222 Total bought outright2 376,928 • 1,222 • 12,462 Held under repurchase agreements1 6,230 • 6,230 • 6,230 Total U.S. government securities 383,158 • 7,452 • 18,692 Total loans and securities 386,643 • 8,291 + 18,630 Items in process of collection (583) 5,577 7,624 1,017 Bank premises 1,141 0 • 63 Other assets3 29,458 • 735 3,764 TOTAL ASSETS (583) 444,582 • 1,394 • 16,184 LIABILITIES Federal Reserve notes 390,952 • 166 • 15,145 Deposits Depository institutions 30,337 • 4,640 • 714 U.S. Treasury--general account 4,700 492 • 1,239 Foreign--official accounts 167 127 98 Other 320 48 87 Total deposits 35,524 • 3,973 • 1,767 Deferred availability cash items (583) 5,414 2,795 142 Other liabilities and accrued dividends* 4,185 7 252 TOTAL LIABILITIES (583) 436,075 • 1,337 • 16,519 CAPITAL ACCOUNTS Capital paid in 4,037 • 1 • 269 Surplus 3,945 • 6 4 261 Other capital accounts 525 • 50 865 x 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 $ 12,378 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 189 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 $ 128 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, FEBRUARY 28, 1996 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 83 0 WWiitthhiinn 1155 ddaayyss 20,393 • 7,123 1,180 * 815 16 days to 90 days 3 0 1166 ddaayyss ttoo 9900 ddaayyss 87,722 • 329 510 34 Over 90 days 0 0 9911 ddaayyss ttoo 11 yyeeaarr 117,566 • 1,047 615 • 11 OOvveerr 11 yyeeaarr ttoo 55 yyeeaarrss 87,524 1,047 543 27 OOvveerr 55 yyeeaarrss ttoo 1100 yyeeaarrss 32,151 0 527 0 OOvveerr 1100 yyeeaarrss 37,801 0 25 0 Total 86 0 TToottaall 383,158 + 7,452 3,399 • 765 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 FEBRUARY 28, 1996 Millions of dollars Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San City Francisco ASSETS Gold certificate account 11,053 575 4,276 433 621 862 556 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 543 25 21 30 33 87 76 52 29 24 57 49 61 Loans 86 2 0 7 0 0 7 1 55 3 10 0 2 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 765 0 765 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright--Bills 183,074 9,004 72,764 7,943 10,554 14,061 8,499 21,106 8,378 3,305 6,995 5,936 14,530 Notes 148,885 7,322 59,175 6,459 8,583 11,435 6,912 17,165 6,813 2,688 5,689 4,827 11,817 Bonds 44,969 2,212 17,873 1,951 2,592 3,454 2,088 5,184 2,058 812 1,718 1,458 3,569 Total bought outright2 376,928 18,538 149,812 16,353 21,729 28,950 17,499 43,455 17,249 6,805 14,402 12,221 29,916 Held under repurchase agreements1 6,230 0 6,230 0 0 0 0 0 0 0 0 0 0 Total U.S. govt, securities 383,158 18,538 156,042 16,353 21,729 28,950 17,499 4433,,445555 1177,,224499 66,,880055 1144,,440022 1122,,222211 29,916 Total loans and securities 386,643 18,669 157,854 16,474 21,881 29,152 17,628 4433,,775599 1177,,442255 66,,885566 1144,,551133 1122,,330066 30,127 Items in process of collection 6,160 484 827 287 354 541 596 552 279 419 401 301 1,119 Bank premises 1,141 94 146 49 74 126 77 110 30 63 55 157 159 Other assets3 29,458 1,263 9,603 1,307 1,761 2,294 2,360 3,403 853 652 1,075 1,518 3,369 Interdistrict settlement account 0 •6,164 -21,580 -1,944 •825 •6,108 •10,386 -4,947 -892 -1,279 -3,839 •2,612 •8,387 TOTAL ASSETS 445,165 27,785 155,049 17,048 26,132 39,960 32,203 45,228 18,698 7,117 12,986 17,724 45,235 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 $ 12,378 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 189 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 $ 128 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 FEBRUARY 28, 1996 Millions of dollars Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Ka C n it s y a s Dallas Fra S n a c n is co LIABILITIES Federal Reserve notes 390,952 24,642 137,203 14,616 23,109 36,117 28,034 39,940 17,213 5,647 10,983 14,745 38,703 Deposits Depository institutions 30,337 2,179 8,277 1,527 1,980 2,230 2,326 3,194 842 705 1,108 2,030 3,938 U.S. Treasury--general account 4,700 0 4,700 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 167 6 62 7 9 11 14 17 4 4 5 9 20 Other 320 1 112255 11 33 5511 5 129 11 11 22 11 1 Total deposits 35,524 2,186 1133,,116644 11,,553355 11,,999922 22,,229911 2,346 3,340 884466 771100 11,,111155 22,,004400 3,959 Deferred credit items 5,997 369 816 292 230 601 783 4/1 224 452 378 277 1,104 Other liabilities and accrued dividends1 4,185 221122 11,,552211 199 239 332288 223344 468 197 100 188 155 345 TOTAL LIABILITIES 436,658 2277,,440099 115522,,770044 16,642 25,570 3399,,333377 3311,,339966 44,219 18,480 6,908 12,665 17,218 44,111 CAPITAL ACCOUNTS Capital paid in 4,037 178 1,083 193 269 290 397 481 100 101 154 247 545 Surplus 3,945 171 1,057 190 259 270 389 473 98 99 152 246 542 Other capital accounts 525 2277 220066 23 35 64 2222 5555^^ 2200 99__ 1155 1133 37 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 445,165 27,785 155,049 17,048 26,132 39,960 32,203 45,228 18,698 7,117 12,986 17,724 45,235 FEDERAL RESERVE AGENTS* ACCOUNTS F.R. notes outstanding 500,359 30,333 184,448 18,602 26,844 43,913 35,385 48,475 20,005 7,063 13,190 18.986 53,114 Less-Held by F.R. Banks 109,407 55,,669911 4477,,224455 33,,998866 33,,773366 77,,779966 77,,335511 88,,553355 22,,779922 11,,441166 22,,220077 44,,224411 14,411 F.R. notes, net 390,952 2244,,664422 113377,,220033 1144,,661166 2233,,110099~~ 3366,,11IITT 2288,,003344 3399,,994400 1177,,221133~~ 55,,664477 1100,,998833 1144,,774455 38,703 Collateral held against F.R. notes Gold certificate account 11,053 Special drawing rights certificate account 10,168 Other eligible assets 0 U.S. govt, and agency securities 369,730 Total collateral 390,952 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