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 •.f«rps§v; the information is available, on (202) 452-3206. H.41 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks March 21, 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 Mar 20, 1996 I Mar 13, l<*96[r1ar 22, 1995 Mar 20, 1996 Reserve Bank credit1 2 415,339 657 11,147 413,367 U.S. government securities Bought outright--system account 377,692 579 13,663 378,383 Held under repurchase agreements 2,724 133 1,166 0 Federal agency obligations Bought outright 2,539 29 952 2,539 Held under repurchase agreements 403 89 440 0 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 6 0 11 7 Seasonal credit 10 4 44 14 Extended credit 0 0 0 0 Float 769 503 321 1,353 Other F.R. assets 31,195 384 2,556 31,071 Gold stock 11,053 0 0 11,053 Special drawing rights certificate account 10,168 0 2,150 10,168 Treasury currency outstanding 24,165 14 970 24,165 Total factors supplying reserve funds 460,725 671 • 14,267 458,753 Currency in circulation* 416,286 563 • 14,996 416,5*4 Treasury cash holdings* 313 31 40 313 Deposits, other than reserve balances, with F.R. Banks Treasury 7 ,235 1,728 1 ,235 4,444 Foreign 171 10 50 168 Service-related balances and adjustments3 5 ,745 687 1 ,351 5,745 Other 385 7 19 375 Other F.R. liabilities and capital 2 ,928 381 122 12,664 Total factors, other than reserve balances, absorbing reserve funds 443,064 1,238 17 ,595 440,304 Reserve balances with F.R. Banks'* 17,661 568 3 ,328 18,449 On March 20, 1996, the face amount of marketable U S. government securities held in custody by the Federal Reserve Sanks fcr foreign official and international accounts was S 551.910 million, a change of ^ $ 2.814 million for the week. The total includes the face value of U.S. Treasury strips and other zero coupon bonds. 1 Net of $ 11,613 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 11,613 million was with foreign official and international accounts. Includes securities loaned--ful!y secured by U.S. government securities 2 Net of $ 10,922 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 10,922 million was with foreign official and international accounts. Includes $ 70 million securities loaned-fully secured US government securities 3 Consists of required clearing balances of $ 5,460 million and adjustments of $ 285 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 MMaarr 2200,, 11999966 Mar 13, 1996 Mar 22, 1995 ASSETS Gold certificate account 11,053 0 0 Special drawing rights certificate account 10,168 0 • 2,150 Coin 559 • 8 • 137 Loans 20 • 6 53 Acceptances 0 0 0 Federal agency obligations Bought outright 2,539 0 952 Held under repurchase agreements1 0 1,100 900 U.S. government securities Bought outright--Bills 184,530 •• 992244 • 6,955 Notes 148,885 00 • 5,112 Bonds 44,969 00 • 2,222 Total bought outright2 378,383 •• 992244 • 14,289 Held under repurchase agreements1 0 1100,,449933 1,935 Total U.S. government securities 337788,,338833 99,,556699 • 12,354 Total loans and securities 338800,,994433 10,662 + 10,449 Items in process of collection (531) 7,696 • 1,763 • 2,865 Bank premises 1,150 0 + 68 Other assets3 29,879 350 2,985 TOTAL ASSETS (531) 441,447 9,242 • 12,684 LIABILITIES Federal Reserve notes 393,301 381 + 13,880 Deposits Depository institutions 24,967 77,,991166 2,352 U.S. Treasury--general account 4,444 776611 • 31 Foreign--official accounts 168 •• 33 • 6 Other 375 11 16 Total deposits 29,955 88,,667755 2,331 Deferred availability cash items ((553311)) 5,527 •• 111188 • 1,050 Other liabilities and accrued dividends* 4,152 332288 435 TOTAL LIABILITIES ((553311)) 432,935 99,,226666 + 12,165 CAPITAL ACCOUNTS Capital paid in 4,036 • 5 • 261 Surplus 3,966 0 • 283 Other capital accounts 510 • 19 25 * 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 $ 1,525 million was outstanding at the end of the latest statement week. 2 Net of S 10,922 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 70 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 $ 124 million in Treasury bills maturing within 90 days. i 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 20. 1996 Acceptances and securities held under repurchase agreements arQ classified as maturing within 15 days in accordance with maximum naturity of the agreements. Millions of dollars U.S. governnent Federal agency securities obligations Loans 'Acceptances! Weekly i Weekly Holdings Holdings changes i changes Within 15 days | Within 15 days lb,491- 1,559; 293 820 16 days to 90 days 16 days to 90 days 87,488 - 7,860; 569 280 Over 90 days 91 days to 1 year 115,225|- 150 ' 583! 0 Over 1 year to 5 years 89,228; o! 543 ! 0 Over 5 years to 10 years 32,151s 0 527 0 Over 10 years 37,80l! 0 25 0 Total Total 378,383 - 9,56c 2,539 - 1,100 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 20, 1996 Millions of dollars Kjnsas San Total BBoossttoonn New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City Francisco ASSETS Gold certificate account 11,053 575 4,276 433 621 662 556 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 559 32 23 33 35 87 75 58 27 24 50 47 68 Loans 20 5 0 0 1 0 1 1 1 3 4 0 5 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Federal agency obligations Bought outright 2,539 125 1,009 110 146 195 118 293 116 46 97 82 202 Held under repurchase agreements1 0 0 0 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright--Bills 184,530 9,075 73,342 8,006 10,636 14,173 8,567 21,274 6,445 3,331 7,051 5,983 14,646 Notes 148,685 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 378,383 18,o09 150,390 16,416 21,813 29,061 17,566 43,623" 17,316" 6,631 14,458 12,268" 30,031 Held under repurchase agreements1 00 00 00 00 00 00 00 00 00 00 0 0 0 Total U.S. govt, securities 337788,,338833 1188,,660099 115500,,339900 116677441166 2211,,881133 2299,,006611 1177,,556666 443377662233 1177,,331166 66,,883311"" 14,458" 12,268" 30,031 Total loans and securities 338800>>4433 1188,,773399 115511,,339999 1166,,552266 2211,,996600 2299,,225566 1177,,668855 4433,,991166 1177,,443333 66,,886600 14,559 12,351 30,238 Items in process of collection 8,226 659 1,312 438 368 616 785 1,034 411 445 471 451 1,236 Bank premises 1,150 94 147 49 79 126 11 109 30 68 55 157 159 Other assets3 29,879 1,302 9,457 1,346 1,812 2,352 2,423 3,507 664 667 1,106 1,558 3,464 Interdistrict settlement account 0 ••44,,772222 --1155,,440055 --22,,770011 ••11,,002288 ••55,,775500 ••99,,663355 --44__,,88//55 --11,,442211 --11,,333388 --44,,220066 ••11,,338855 •7,427 TOTAL ASSETS 441,977 2266,,663355 115555,,111111 1166,,553366 2266^^448877 3399,,883399 3311,,775599 4466,,004488 1188,,334400 77,,1133ff 1122,,775588 1166,,773300 44,605 1 Does not include US government and federal agency securities resold under matched sale-purchase transactions to foreign official and international accounts, of which $ 1,525 million was outstanding at the end of the latest statement week 2 Net of $ 10,922 million matched sale-purchase transactions outstanding at the end of the latest statement week Includes $ 70 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 $ 124 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 20, 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 393,301 24,127 139,464 14,549 23,857 36,243 27,706 40,9H9 16,914 5,905 10,875 14,444 38,265 Deposits Depository institutions 24,967 1,551 6,415 1,163 1,564 1,968 2,214 2,949 792 446 876 1,254 3,776 U.S. Treasury--general account 4,444 0 4,444 0 0 0 0 0 0 0 0 0 0 foreign--official accounts 168 6 63 7 9 11 14 17 4 4 5 9 20 Other 375 0 126 0 3 107 9 126 0 1 1 1 1 1,170" Total deposits 29,955 1,557 11,047 1,576 2,086~ 2,237 3,092~ 796 450 883 1,264 3,796 Deferred credit items 6,058 357 766 212 266 576 769 522 210 459 489 360 1,073 Other liabilities and accrued dividends1 44,,115522 221177 11,,447722 119999 224400 332244 233 473 119966 110077 185 156 350 TOTAL LIABILITIES 443333,,446666 2266,,225599 "" 115522////5500 1166,,113300 ""'' 2255,,993388 3399,,222299~~ 30,945 45,036 1188,,111177 66,,992211 12,432 16,224 43,484 CAPITAL ACCOUNTS Capital paid in 4,036 178 1,085 193 262 290 397 482 103 101 155 247 543 Surplus 3,966 171 1,057 190 259 292 389 473 98 99 152 246 542 Other capital accounts 551100 27 220 2233 2288 2299 28 57 23 10 19 12 36 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 444411,,997777 26,635 155,111 1166,,553366 2266,,448877 3399,,883399 31,759 46,048 18,340 7,131 12,758 16,730 44,605 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 504,697 29,746 187,781 18,-42? 27.694 43,947 35,325 49,531 19,628 7,249 12,965 19,318 53,092 Less- Held by F.R. Banks 111,396_ 5,619 48,317 3,873 3,837 7,704 7,620 8,581_ 2,713 1,344 2 089 4-873 14,826 F.R. notes, net 393,301 24,127 139,464 14^549 23,857 36,243 27,706 40^949 16,914 5,905 "ToT875~ 14,444 38,265 Collateral held against F.R. notes Gold certificate account 11,053 Special drawing rights certificate account 1100,,116688 Other eligible assets 00 U.S. govt, and agency securities 337722,,008800 Total collateral 393,301 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