H.4.1 Factors Affecting Reserve Balances of Depository Institutions

VoP. o* G0^/ 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 March 7, 1996 Millions of dollars Avera< es 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 Mar 6, 1996 Teb 28, 1996 Mar 8, 1995^ Mar 6, 1996 Reserve Bank credit1 2 411,230 • 461 + 8,670 411,173 U.S. government securities Bought outright--system account 377,575 + 2,485 + 13,676 377,404 Held under repurchase agreements 0 - 890 0 0 Federal agency obligations Bought outright 2,628 - 6 - 863 2,589 Held under repurchase agreements 0 - 109 0 0 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 10 - 59 - 5 10 Seasonal credit 8 0 - 30 6 Extended credit 0 0 0 0 Float 587 - 1,272 - 405 549 Other F.R. assets 30,423 + 312 - 3,703 30,616 Gold stock 11,053 0 • 3 11,053 Special drawing rights certificate account 10,168 0 + 2,150 10,168 Treasury currency outstanding 24,114 + 14 + 957 24,114 Total factors supplying reserve funds 456,565 _ 475 . _ 11,779 456,508 Currency in circulation* 414,319 + 992 + 15,883 415,907 Treasury cash holdings* 279 - 1 - 67 277 Deposits, other than reserve balances, with F.R. Banks Treasury 4,312 • 429 - 846 4,254 Foreign 198 - 82 + 20 164 Service-related balances and adjustments3 5,764 • 170 + 1,482 5,764 Other 397 + 21 + 4 386 Other F.R. liabilities and capital 13,147 + 291 - 178 12,802 Total factors, other than reserve balances, absorbing reserve funds 438,416 + 1,821 + 16,298 439,642 Reserve balances with F.R. Banks4 18,149 - 1,346 - 4,519 16,866 On March 6, 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 S 546,891 million, a change of - $ 17,683 million for the week. The total includes the face value of U.S. Treasury strips and other zero coupon bonds. 1 Net of $ 11,731 million, daily average, matched sale-purchase transactions outstanding during the ]aiest statement week, of which a net of $ 11,731 million was with foreign official andi international accounts. Includes securities loaned-fully secured by U.S. government securities. 2 Net of $ 11,902 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 11,902 million was with foreign official and international accounts. Includes $ 553 million securities loaned-fully secured U.S. government securities. 3 Consists of required clearing balances of S 5,439 million and adjustments of $ 325 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 Mar 6, 1996 Feb 28, 1996 Mar 8, 1995 ASSETS Gold certificate account 11,053 0 • 2 Special drawing rights certificate account 10,168 0 + 2,150 Coin 540 3 • 119 Loans 16 70 40 Acceptances 0 0 0 Federal agency obligations Bought outright 2,589 - 45 902 Held under repurchase agreements1 0 - 765 0 U.S. government securities Bought outright--Bills 183,550 • 476 • 8,267 Notes 148,885 0 • 5,112 Bonds 44,969 0 • 2,222 Total bought outright2 377,404 • 476 • 15,600 Held under repurchase agreements1 0 - 6,230 0 Total U.S. government securities 377,404 - 5,754 • 15,600 Total loans and securities 380,009 - 6,634 • 14,659 - Items in process of collection C479) 7,066 • 1,489 832 Bank premises 1,141 - 1 + 61 Other assets3 2299,,440099 4488 - 3,297 TOTAL ASSETS ((447799)) 443399,,338855 ~~ 55,,119977 • 12,862 LIABILITIES Federal Reserve notes 392,609 • 1,657 • 14,561 Deposits Depository institutions 22,906 - 7,430 - 2,557 U.S. Treasury--general account 4,254 - 446 - 860 Foreign--official accounts 164 - 3 - 2 Other 386 • 65 • 4 Total deposits 27,710 - 7,815 - 3,415 Deferred availability cash items (479) 6,175 • 761 • 1,137 Other liabilities and accrued dividends4 4,074 - 111 - 295 TOTAL LIABILITIES (479) 430,567 - 5,508 • 11,988 CAPITAL ACCOUNTS Capital paid in 4,033 4 • 268 Surplus 3,945 0 • 261 Other capital accounts 840 • 314 • 345 * 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 $ 11,902 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 553 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 $ 134 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, MARCH 8, 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 Holdings Holdings | "**£ changes s Within 15 days 12 0 WWiitthhiinn 1155 ddaayyss 1122,,227755 8,118 50 1,130 16 days to 90 days 3 0 1166 ddaayyss ttoo 9900 ddaayyss 9944,,992244 • 7,202 842 • 332 Over 90 days 0 0 9911 ddaayyss ttoo 11 yyeeaarr 111111,,002255 6,541 603 12 OOvveerr 11 yyeeaarr ttoo 55 yyeeaarr ss 8899,,222288 ,• 1.703 543 0 OOvveerr 55 yyeeaarrss ttoo 1100 yyeeaarrss 3322,,115511 527 0 ! OOvveerr 1100 yyeeaarrss 3377,,880011 25 0 Total 16 0 TToottaall 337777,,440044 J1- 5,7504 ! 2,589 810 1 J 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 MARCH 6, 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 certif. acct 10,168 511 3,903 413 584 790 523 1,079 490 180 342 376 977 Coin 540 26 22 31 34 86 73 52 27 24 53 48 62 Loans 16 1 0 0 0 0 7 1 0 3 3 0 0 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Federal agency obligations Bought outright 2,589 127 1,029 112 149 199 120 298 118 47 99 84 205 Held under repurchase agreements1 o 0 0 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright--Bills 183,550 9,027 72,953 7,963 10,581 14,097 8,521 21,161 8,400 3,314 7,013 5,951 14,568 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 11,,995511 22,,559922 33,,445544 22,,008888 55,,118844 22,,005588 881122 11,,771188 11,,445588 3,569 Total bought outright2 377,404 18,561 150,001 1166,,337733"" 2211,,775577 2288,,998866 1177,,552211 4433,,551100"" 1177,,227711 66,,881133 1144,,442200 1122,,223377 29,953 Held under repurchase agreements1 0 0 00 000 000 000 000 000 00 00 00 00 0 Total U.S. govt, securities 377,404 18,561 115500,,0000TT 111666,,,333777333""" 222111,,,777555777""" 222888,,,999888666 111777,,,555222111 444333,,,555111000*** 1177,,227711 66,,881133 1144,,442200 1122,,223377"" 29,953 Total loans and securities 380,009 18,690 151,030 111666,,,444888666 222111,,,999000666 222999,,,111888555 111777,,,666444888"""""" 444333,,,888000999 17,390 6,863 14,522 12,320 30,159 Items in process of collection 7,544 460 1,055 430 410 572 735 589 333 541 475 551 1,393 Bank premises 1,141 94 146 49 74 126 77 110 30 63 55 157 159 Other assets3 29,409 1,279 9,255 1,324 1,784 2,322 2,401 3,458 867 663 1,089 1,543 3,426 Interdistr ict settlement account 0 •5,424 -18,089 -2,599 ••443333 ••55,,660011 ••99,,775544 --44,,118877 --885511 --11,,334444 --33,,999933 ••11,,555500 •8,299 TOTAL ASSETS 439,864 27,060 151,598 16,567 2255,,884455 3399,,554444 3311,,776677 4466,,113311 1188,,777711 77,,119944 1122,,992255"" 1166,,995500 45,511 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 $ 11,902 million matched sale-purchase transactions outstanding at the end of the latest statement week Includes $ 553 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 $ 134 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 MARCH 6, 1996 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City Francisco LIABILITIES Federal Reserve notes 392,609 24,686 136,812 14,687 23,837 36,271 27,905 41,340 17,354 5,801 11,070 14,406 38,440 Deposits Depository institutions 22,906 1,374 5,568 1,026 886 1,638 1,953 2,579 760 518 893 1,535 4,176 U.S. Treasury--general account 4,254 0 4,254 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 164 6 59 7 9 11 14 17 4 4 5 9 20 Other 386 0 119 1 1 114 1100 113366 00 11 33 00 1 Total deposits 27,710 1,380 10,000 1,033 896 1,763 11,,997777 22,,773322 776644 552233 990011 11,,554444 4,197 Deferred credit items 6,653 392 920 228 300 559 806 543 233 555 432 320 1,365 Other liabilities and accrued dividends1 4,074 212 11,,444444 197 223366 332200 223300 446644 119933 9999 184 154 342 TOTAL LIABILITIES 431,046 26,671 114499,,117766 16,146 2255,,226688 3388,,991133 3300,,991188 4455,,007799"" 1188,,554444 66,,997777 12,587 16,424 44,344 CAPITAL ACCOUNTS Capital paid in 4,033 178 1,083 193 262 290 397 481 100 101 154 247 547 Surplus 3,945 171 1,057 190 259 270 389 473 98 99 152 246 542 Other capital accounts 840 40 282 38 56 71 63 9988 2299 1177 3333 3344 79 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 439,864 27,060 151,598 16,567 25,845 39,544 31,767 46,131 18,771 7,194 12,925 16,950 45,511 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 501,831 30,290 184,970 18,551 27,534 43,977 35,038 49,853 19,973 7,173 13,135 18,907 52,431 Less-Held by F.R. Banks 109,222 5,604 4488,,115588 3,863 3,697 7,706 77,,113322 88,,551133 22,,661199 11,,337733 22,,006655 44,,550000 13,990 F.R. notes, net 392,609 24,686 113366,,881122 14,687 23,837 36,271 227777990055 4411,,334400 1177,,335544 55,,8800ll"" 1111,,007700 1144,,440066 38,440 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 371,388 Total collateral 392,609 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