H.4.1 Factors Affecting Reserve Balances of Depository Institutions

;bi£owVv 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. ••f^r FE^l H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks March 23, 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 27, 1996 Mar 20, 1996 Jlar 29, 199S Mar 27, 1996 Reserve Bank credit1 2 414,667 672 8,519 421,073 U.S. government securities Bought outright--system account 376,932 761 11,457 376,787 Held under repurchase agreements 3,077 353 1,151 8,236 Federal agency obligations Bought outfight 2,533 6 922 2,526 Held under repurchase agreements £b0 157 285 2,089 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 10 4 _ 14 26 Seasonal credit 13 3 - 49 12 Extended credit 0 0 0 0 Float 225 544 - 162 -215 Other F.R. assets 31,317 122 - 2,658 31 ,618 Gold stock 11,053 0 0 11 ,053 Special drawing rights certificate account 10,168 o • 2,150 10 ,168 Treasury currency outstanding 24,179 14 + 9t>5 24 ,179 Total factors supplying reserve funds 460,067 653 + 11,633 46b ,478 Currency in circulation* 415,859 427 + 14,303 417 .452 Treasury cash holdings* 304 9 - 54 314 Deposits, other than reserve balances, with F,R. Banks Treasury 5,048 2,187 + 448 4 ,593 Foreign 194 23 + 10 172 Service-related balances and adjustments3 6,037 292 • 1,733 6 ,037 Other 371 14 - 13 375 Other F.R. liabilities and capital 12,872 57 •f 82 12 ,6*5 Total factors, other than reserve balances, absorbing reserve funds 440,o35 2,379 17,008 441,637 Reserve balances with F.R. Banks4 10,382 1,721 5,375 24,841 On March 27, 1996. the face amount of marketable US government securities held in custody by the Federal Reserve Banks for foreign official and international accounts was S 545,127 million, a change of - $ 6 733 million for the week The total includes the face value of U.S. Treasury strips and other zero coupon bonds. 1 Net of $ 12 374 million, daily average matched sa!~-purchase transactions outstanding during the latest statement week, of which a net of $ 12,374 million was with foreign official and international accounts Includes securities loaned-fully secured by U.S. government securities. 2 Net of $ 12,519 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 12,519 million was with foreign official and international accounts Includes $ 265 million securities loaned-fuily secured U.S. government securities. 3 Consists of required clearing balances of $ 5.459 million and adjustments of $ 578 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 27, 1996 Mar 20, 1996 Mar 29, 1995 ASSETS Gold certificate account 11,053 0 0 Special drawing rights certificate account 10,168 0 • 2,150 Coin 560 • 1 • 145 Loans 38 + 18 78 Acceptances 0 0 0 Federal agency obligations Bought outright 2,526 - 13 - 882 Held under repurchase agreements1 2,089 + 2,089 • 918 U.S. government securities _ - Bought outright--Bills 182,933 1,596 • 2,059 Notes 148,885 0 • 5,112 Bonds 44,969 0 • 2,222 Total bought outright2 376,787 - 1,5*6 + 9,393 Held under repurchase agreements1 88,,223366 __++ 88,,223366 + 6,306 Total U.S. government securities 338855,,002233 66,,664400 4 15,699 Total loans and securities 389,675 + 8,733 + 15,657 Items in process of collection (484) 5,148 2,548 + 455 Bank premises 1,149 - 1 + 69 Other assets3 30,409 + 530 - 2,655 TOTAL ASSETS (484) 448,163 + 6,716 + 15,820 LIABILITIES Federal Reserve notes 394,146 + 845 • 14,210 Deposits Depository institutions 30,974 + 6,007 + 426 U.S. Treasury--general account 4,593 + 150 + 205 Foreign--official accounts 172 + 3 - 13 Other 375 0 - 22 Total deposits 36,115 + 6,160 + 596 Deferred availability cash items (484) 5,208 - 320 + 878 Other liabilities znd accrued dividends4 | 4,206 + 54 - 337 TOTAL LIABILITIES (484) 439,674 + 6,739 + 15,346 CAPITAL ACCOUNTS Capital paid in 4,036 0 + 255 Surplus 3,966 0 + 283 Other capital accounts | 486 - 24 - 64 * 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 S 12 519 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes S 265 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 cf $ 137 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 27, 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 11 U.S. government j Federal agency !! securities 1 obligations !! LLooaannss AAcccceepptt.. aanncceess Weekly j .. ... | Weekly jj Holdings changes j Holdings ^K-^/*- ! j changes Within 15 days 33 0 WWiitthhiinn 1155 ddaayyss 2233,,330099,,++ oo,,881188'' 2,369+ 2..G76 16 days to 90 d.~~ yyss 5 0 1166 ddaayyss ttoo 9900 ddaayyss 3377,,77iicc''++ oopp""??**.. 369 0 Over 90 days 0 0 9911 ddaayyss ttoo 11 yyeeaarr 111144,,882255 -- 4400 00 11 bOO + 17 OOvveerr 11 yyeeaarr ttoo 55 yyeeaarrss 8899,,222288^^ oo!! 52o,- V7 OOvveerr 55 yyeeaarrss ttoo 1100 yyeeaarrss 3322,,115511;; ooii 527- 0 OOvveerr 1100 yyeeaarrss 3377,,880011 25 0 Total 36 0 TToottaall 338855,,002233++ 00 4,614 + 2,G7a oo,,6644CC Components may not a66 to tola's 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 27, 1996 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas 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 560 32 25 34 33 87 72 61 27 25 46 45 73 Loans 38 3 0 22 0 0 1 1 4 3 4 0 0 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 federal agency obligations Bought outright 2,526 124 1,004 110 146 194 117 291 116 46 97 82 200 He'111 undc-r repurchase agreements1 2,089 0 2,089 0 0 0 0 0 0 0 0 0 0 U.S. cjoverniiient securities Bought outright-Bills 182,933 8,997 72,708 7,936 10,546 14,050 8,493 21,090 8,372 3,303 6,990 5,931 14,519 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 1177,,887733 11,,995511 22,,559922 33,,445544 22,,008888 55,,118844 2,058 812 11,,771188 1,458 3,569 Total bought outright2 "376,787" 18,531 114499,,775566 1166,,334477 2211,,772211 2288,,993399 1177,,449922 4433,,443399 17,243 6,802 1144,,339977 12,217 29,905 Held under repurchase agreements1 8,236 0 888,,,222333666 000 000 000 000 000 0 0 0 0 0 total. U.S. govt, securities 385,023 38,531 111555777,,,999999222 """111666,,,333444777 222111,,,777222111~~~ 222888,,,999333999 111777,,,444999222 444333,,,444333999 1177,,224433 66,,880022 14,397 12,217 29,905 Total loans and securities 389,675 18,658 111666111^^^000888444 111666,,,444777999 222111,,,888666777 222999,,,111333333""" 111777,,,666111000 444333""",,, 777333111 1177,,336622 66,,885511 14,497 12,298 30,105 I terns in process of collection 5,632 374 720 225 366 527 533 471 233 476 367 294 1,046 Bank premises 1,149 9<# 146 49 79 126 7/ 109 30 69 55 157 159 Other assets3 30,409 1 ,316 9,79b 1,359 1,829 2,377 2,438 3,550 896 674 1,115 1,568 3,490 Interdistrict settlement account 0 •5,154 -22,083 -2,020 •1,487 +6,948 •9,918 ^3,589 -1,049 -732 -4,055 •2,584 •7,437 TOTAL ASSETS 448,646 26,715" 157,867 16,971 "26,865 40,850 31,728 46,632 18,475 7,746 12,750 17,727 44,322 1 Du' » not include U.S. government and federal agency securities resold under matched sale purchase transactions to foreign official and inlet national accounts, of which $ 0 million was outstanding at the end of the latest statement week. 2 Net ol % 12 519 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 265 million securities loaned-fully secured by U.S. government securities. 3 Includes assets denominated in foreign currencies, revalued monthly at market exchange rales. Includes special investment account at Chicago of $ 137 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) STATEMFNT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MARCH 27, 1996 Million, of dollars Kansas San Total Bos to (i Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES F«deral Reserve notes 394,146 24,083 140,001 14,565 23,987 37,174 27,445 40,959 16,932 6,015 10,918 14,223 37,844 Deposits Deposi tor y institution& 30,974 1,684 8,496 1,555 1,722 2,111 2,494 3,562 943 924 957 2,573 3,954 U.S. Treasury--genetal account 4,593 0 4,593 0 0 0 0 0 0 0 0 0 0 foreign official accounts 172 6 67 7 9 11 14 17 4 4 5 9 20 Other 375 0 122 1 2 100 6_ 139 1 1 3 1 1 Total deposits 36,115 1,690 13,278" 1,563 1,734" 2,221~ 2,514 3,718 947 928 965 2,583 3,975 Deferred credit items 5,692 354 687 245 360 515 722 481 178 494 360 260 1,036 Other liabilities and accrued dividend*.1 4^,206 1 ,568 195 237 316 233^ 463 194 101 185 155 350 TO I'M LIABILITIES 440,158 26,33/ 155,534 16,568 26,317 40,226 30,914 45,621 18,251 7,537 12,427 17,220 43,205 CAPITAL ACCOUNTS Capital paid in 4,036 178 1,082 193 262 291 400 482 103 01 155 247 543 Surplus 3,9b6 171 1,057 190 259 389 473 98 99 152 246 542 Other capital accounts 486 29 194 19 27 42 26 56 23 9 15 13 32 TOlAL LIABILITIES AND CAPITAL ACCOUNTS 448,646 26,715 157,867 16,971 26,865 40,850 31,728 46,632 18,475 7,746 12,750 17,727 44,322 FEDERAL RESERVE AGENTS* ACCOUNTS F.R. notes outstanding 505,705 29,6*5 189,316 18,257 27,803 44,633 55,167 49,302 19,539 7,306 12,883 19,140 52,715 Less--Held by f.R. Banks ril,559 5,562 49,315 3^692 3 ,816_ 7,458 7,722 8,343 2,607 1,291 1*964 ^917 14,871 f.R. notes, net 394,146 24,083" 140,001 14,565 23,987 37,179 27,445 40,959 16,932 6,015 10,918 14,223 37,844 Collateral held against F.R. notes Cold certificate account 11,053 Special drawing rights certificate account 10,168 Other eligible assets 0 U.S. govt. <At\<\ ctyency securities 372,925 Total collateral '3947i46 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