H.4.1 Factors Affecting Reserve Balances of Depository Institutions

•iisssfe, 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 April 18, 1996 Millions of dollars Averages of daily figures RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt WWeeeekk eennddeedd Change from week ended Wednesday FF..RR.. BBaannkkss,, RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss AApprr 1177,, 11999966 Apr 10, 1996 Apr L9, 1995 Apr 17, 1996 Reserve Bank credit1 2 419,920 + 1,747 + 7,818 428,574 U.S. government securities Bought outright~~system account 379,270 + 2,214 + 11,967 379,827 Held under repurchase agreements 5,830 - 507 • 1,203 13,412 Federal agency obligations Bought outright 2,491 - 30 - 917 2,491 Held under repurchase agreements 22 - 35 - 387 152 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 4 - 30 - 27 1 Seasonal credit 24 + 4 - 52 34 Extended credit 0 0 0 0 Float 396 - 381 - 762 336 Other F.R. assets 31,884 + 512 - 3,207 32,322 Gold stock 11,053 0 - 2 11,053 Special drawing rights certificate account 10,168 0 + 2,150 10,168 Treasury currency outstanding 24,221 + 14 + 952 24,221 Total factors supplying reserve funds 465,362 _ 1,761 _ 10 7913 474,016 Currency in circulation* 419,251 + 210 + 13,235 419,347 Treasury cash holdings* 319 + 1 - 44 319 Deposits, other than reserve balances, with F.R. Banks Treasury 7,655 + 1,669 + 1,477 15,668 Foreign 189 - 24 - 19 224 Service-related balances and adjustnents3 5,800 - 69 + 1,335 5,800 Other 363 - 10 - 4 358 Other F.R. liabilities and capital 12,950 + 161 + 28 12,755 Total factors, other than reserve balances, absorbing reserve funds 446,526 + 1,939 • 16,008 454,470 Reserve balances with F.R. Banks4 18,836 - 178 - 5,090 19,547 On April 17, 1996, the face amount of marketable U.S. government securities held in custody by the Federal Reserve Ea?^ks for foreign official and international accounts was $ 559 241 million, a change of - $ 2,821 million for the week. The total Includes the face value of U.S. Treasury strips and other zero coupon bonds. 1 Net of $ 12,117 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 12,117 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. government securities. 2 Net of $ 12,257 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 12,257 million was with foreign official and international accounts. Includes $ 290 million securities loaned-fully secured U.S. government securities. 3 Consists of required clearing balances of $ 5,593 million and adjustments of $ 207 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 Apr 17, 1996 Apr 10, 1996 Apr 19, 1995 ASSETS Gold certificate account 11,053 0 - 3 Special drawing rights certificate account 10,168 0 + 2,150 Coin 573 + 13 • 159 Loans 35 + 15 74 Acceptances 0 0 0 Federal agency obligations Bought outright 2,491 0 - 917 Held under repurchase agreements1 152 248 - 248 U.S. government securities Bought outright--Bills 183,282 - 53 • 7,944 Notes 150,102 + 1,217 + 3,648 Bonds 46,443 + 1,474 • 2,221 Total bought outright2 379,827 + 2,638 + 13,813 Held under repurchase agreements1 13,412 + 5,264 + 6,066 Total U.S. government securities 393,239 + 7,902 + 19,879 Total loans and securities 395,917 + 7,669 + 18,640 Items in process of collection (536) 6,674 + 395 + 1,058 Bank premises 1,159 + 5 + 74 Other assets3 31,170 + 746 - 2,838 TOTAL ASSETS (536) 456,714 + 8,828 + 19,240 LIABILITIES Federal Reserve notes 396,018 1,143 + 11,493 Deposits Depository institutions 25,379 - 1,581 - 3,239 U.S. Treasury--general account 15,668 + 10,668 + 9,744 Foreign--official accounts 224 + 23 + 66 Other 358 - 8 + 23 Total deposits 41,628 + 9,102 • 6,595 Deferred availability cash items (536) 6,314 + 906 + 1,105 Other liabilities and accrued dividends* 4,300 - 16 - 367 TOTAL LIABILITIES (536) 448,259 + 8,850 + 18,826 CAPITAL ACCOUNTS Capital paid in 4,010 • 3 + 217 Surplus 3,966 0 + 283 Other capital accounts 478 - 25 - 86 * 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 $ 12,257 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 290 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 $ 127 million in Treasury bills maturing within 30 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, APRIL 17, 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 32 0 Within 15 days 28,380 + 10,938 353 94 16 days to 90 days 3 0 16 days to 90 days 87,638 5,693 670 123 Over 90 days 0 91 days to 1 year 114,231 + 412 578 32 Over 1 year to 5 years 91,969 + 1,177 526 0 Over 5 years to 10 years 32,299 + 148 492 0 Over 10 years 38,721 + 920 25 0 Total 35 0 Total 393,239 + 7,902 2,643 248 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 APRIL 17, 1996 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City Francisco ASSETS Gold certificate account 11,053 661 4,054 423 624 919 769 1,140 474 168 321 433 1,067 Special drawing rights certif. acct. 10,168 511 3,903 413 584 790 523 1,079 490 180 342 376 977 Coin 573 31 27 38 33 91 68 58 27 26 63 40 71 Loans 35 4 0 0 0 0 1 4 7 10 4 1 4 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Federal agency obligations Bought outright 2,491 147 926 96 146 207 166 270 117 38 78 89 211 Held under repurchase agreements1 152 0 152 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright--Bills 183,282 10,784 68,162 7,094 10,772 15,199 12,231 19,863 8,586 2,764 5,741 6,563 15,523 Notes 150,102 8,832 55,822 5,809 8,822 12,447 10,017 16,267 7,032 2,264 4,702 5,375 12,713 Bonds 46,443 2,733 1177,,227722 11,,779977 22,,773300 33,,885511 33,,009999 55,,003333 22,,117766 770000 11,,445555 11,,666633 3,934 Total bought outright2 379,827 22,348 114411,,225566 1144,,770011 2222,,332244 3311,,449977 2255,,334488 4411,,116633 1177,,779933 55,,772288 1111,,889977 1133,,660011 32,170 Held under repurchase agreements1 13,412 0 1133,,441122 00 000 000 000 000 000 000 000 000 0 Total U.S. govt, securities 393,239 22,348 115544,,666688 1144,,770011 222222,,,333222444 333111,,,444999777 222555,,,333444888 444111,,,111666333 111777,,,777999333 555,,,777222888 111111,,,888999777 111333,,,666000111 32,170 Total loans and securities 395,917 22,499 155,746 14,797 222222,,,444777111 333111,,,777000333 222555,,,555111555 444111,,,444333777 111777,,,999111888 555,,,777777666 111111,,,999777999 111333,,,666999111 32,385 Items in process of collection 7,210 427 880 292 314 552 758 525 336 592 457 554 1,521 Bank premises 1,159 94 146 49 82 126 77 109 30 73 55 158 159 Other assets3 31,170 1,422 10,129 1,334 l,8t>3 2,461 2,623 3,530 929 655 1,071 1,602 3,552 Interdistrict settlement account 0 +1,650 --99,,997744 --6655 +491 +6,354 +990 -425 --11,,661144 ++111177 --11,,338877 --882277 +4,690 TOTAL ASSETS 457,250 27,295 116644,,991111 1177,,227799 26,462 42,996 31,324 47,453 1188,,559922 77,,558866 1122,,990022 1166,,002277 44,423 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 $ 12,257 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 290 million securities loaned-tiiily 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 $ 127 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 ONA PRIL 17 1996 Millions of dollars Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San City Francisco LIABILITIES Federal Reserve notes 396,018 24,622 138,959 14,771 24,392 39,249 27,170 41,961 16,917 6,141 11,027 13,296 37,512 Deposits Depository institutions 25,379 1,599 5,391 1,665 902 2,119 2,174 3,371 944 597 926 1,624 4,067 U.S. Treasury--general account 15,668 0 15,668 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 224 6 119 7 9 11 14 17 4 4 5 9 20 Other 358 1 119 00 3 96 5 128 0 1 2 1 1 Total deposits 41,628 1,606 21,297 11,,66//22 914 2,226 2,194 3,516 948 602 933 1,634 4,087 Deferred credit items 6,849 440 771 250 364 563 830 516 301 541 454 420 1,400 Other liabilities and accrued dividends1 4,300 246 1,542 118833 224433 334455 330011 445500 119999 9966 116622 116677 366 TOTAL LIABILITIES 448,795 26,914 162,508 1166,,887766 2255,,991133~~ 4422,,338833 3300,,449955 4466,,444433 1188,,336644 77,,337799 1122,,557777 1155,,551177 43,365 CAPITAL ACCOUNTS Capital paid in 4,010 179 1,084 193 262 291 400 482 103 101 157 248 511 Surplus 3,966 171 1,057 190 259 292 389 473 98 99 152 246 542 Other capital accounts 478 31 203 20 28 31 39 56 26 7 17 15 5 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 457,250 27,295 164,911 17,279 26,462 42,996 31,324 47,453 18,592 7,586 12,902 16,027 44,423 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 506,737 30,126 191,776 18,082 27,811 46,261 34,0fc7 49,737 19,279 7.253 12,672 18,842 50,809 Less--Held by F.R. Banks 110,719 5,504 52,817 3,311 33,,441199 77,,001122 66,,991177 77,,777777 22,,336622 11,,111122 11,,664455 55,,554466 13,297 F.R. notes, net 396,018 24,622 138,959 14,771 2244,,339922 3399,,224499 2277,,117700 4411,,996611 1166,,991177 66,,114411 1111,,002277 1133,,229966 37,512 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 374,797 Total collateral 396,018 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