H.4.1 Factors Affecting Reserve Balances of Depository Institutions

••o0i£2to 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 May 2, 1996 Millions of dollars Avera< es o1 daily figures RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt Week ended Change from week ended Wednesday FF..RR.. BBaannkkss,, RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss May 1, 1996 Apr 24, 1996 May 3, 1995 May 1, 1996 Reserve Bank credit1 2 414,736 - 7,091 • 2,116 419,136 U.S. government securities Bought outright--system account 379,507 - 645 • 10,490 379,571 Held under repurchase agreements 529 - 5,598 - 2,962 3,701 Federal agency obligations Bought outright 2,444 - 47 - 944 2,444 Held under repurchase agreements 179 - 87 - 250 1,250 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 21 - 158 - 14 21 Seasonal credit 64 + 28 - 57 71 Extended credit 0 0 0 0 Float 24 - 124 - 375 17 Other F.R. assets 31,969 - 461 - 3,773 32,060 Gold stock 11,052 - r-t - 4 11,052 Special drawing rights certificate account 10,168 0 + 2,150 10,168 Treasury currency outstanding 24,249 • 14 + 946 24,249 Total factors supplying reserve funds 4t>0,205 - 7,078 _ 5,208 464,o04 Currency in circulation* 416,845 - 738 • 10,739 417,860 Treasury cash holdings* 292 - 23 - 64 313 Deposits, other than reserve balances, with F.R. Banks Treasury 8,709 • 458 - 693 11,967 Foreign 177 - 3 - 3 187 Service-related balances and adjustments3 6,056 • 2 + 1,209 6,056 Other 381 • 15 • 47 414 Other F.R. liabilities and capital 12,664 - 234 - 329 12,239 Total factors, other than reserve balances, absorbing reserve funds 445,124 - 521 • 10,907 449,038 Reserve balances with F.R. Banks4 15,081 6,557 5,698 15,567 ' On May 1, 1996, the face amount of marketable U S government securities held in custody by the Federal Reserve Sanks for foreign official and international accounts was $ 549.259 million, a change of ^ $ 5,054 million for the week. The total includes the face value of U.S. Treasury strips and other zero coupon bonds 1 Net of $ 12,577 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 12.577 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. government securities. 2 Net of $ 12,513 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 12,513 million was with foreign official and international accounts. Includes $ 272 million securities Joaned-fully secured U.S. government securities 3 Consists of required clearing balances of $ 5,772 million and adjustments of $ 284 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 May 1, 1996 Apr 24, 1996 May 3, 1995 ASSETS Gold certificate account 11,052 - 1 - 3 Special drawing rights certificate account 10,168 0 • 2,150 Coin 574 3 • 174 Loans 92 37 62 Acceptances 0 0 0 Federal agency obligations Bought outright 2,444 - 47 - 944 Held under repurchase agreements1 1,250 - 570 • 1,250 U.S. government securities Bought outright--Bills 183,026 745 + 5,492 Notes 150,102 0 + 3,648 Bonds 4466,,444433 0 •• 2,221 Total bought outright2 337799,,557711 - 745 11,360 Held under repurchase agreements1 33,,770011 - 13,843 - 603 Total U.S. government securities 338833,,227722 - 14,588 • 10,757 Total loans and securities 387,058 - 15,242 • 11,002 Items in process of collection (439) 6,450 •f 661 • 497 Bank premises 1,158 - 1 • 73 Other assets3 30,837 - 1,456 - 3,812 TOTAL ASSETS (439) 447,297 - 16,041 + 10,080 LIABILITIES Federal Reserve notes 394,498 + 105 + 9,368 Deposits Depository institutions 21,716 - 20,543 - 3,392 U.S. Treasury?-general account 11,967 • 4,131 • 3,454 Foreign--official accounts 187 - 22 + 18 Other 414 + 43 • 93 Total deposits 34,285 - 16,392 + 174 Deferred availability cash items (439) 6,275 + 778 + 964 Other liabilities and accrued dividends4 4,064 - 240 - 409 TOTAL LIABILITIES (439) 439,122 - 15,749 + 10,097 CAPITAL ACCOUNTS Capital paid in 4,023 + 1 + 225 Surplus 3,957 - 9 • 274 Other capital accounts 195 - 284 - 516 .,..... * 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 S 0 million was outstanding at the end of the latest statement week. 2 Net of $ 12,513 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 272 million securities Icaned-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 $ 145 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 tofafcs due to rounding. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, MAY 1, 1996 Acceptances and securities hefcptinder 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 , .. I Weekly ' „ , .. j Weekly uHoldings | j Holdings : changes changes Within 15 days 36 0 Within 15 days 21,349|- 11,928 1,250!- 771 16 days to 90 days 56 0 16 dgys to 90 days .87,527+ 165 685 + 15 Over 90 days * 0 91 • days to 1 year 111,381!- 2,850 731+ 153 .'Q.Y*r x y©ar to 5 years 91,9951+ 2b 512- 14 Over 5 years to 10 years 32,299| 0 492 j 0 Over 10 years 38,721 0 25; 0 Total 92 0 Total 383,272- 14,588 3,6*4,- ol7 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 MAY 1, 1996 Millions of dollars Total Boston New York Philadelphia Cleveland Richmond Atlanta ..... Minneapolis Kansas Dallas San Chicago St. Louis City Francisco ASSETS Gold certificate account 11,052 661 4,053 423 624 919 769 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 574 31 29 40 30 92 68 60 26 25 62 39 72 Loans 92 2 0 6 0 0 3 12 19 26 14 5 6 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Federal agency obligations Bought outright 2,444 144 909 95 144 203 163 265 114 37 77 88 207 Held under repurchase agreements1 1,250 0 1,250 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright — Bills 183,026 10,769 68,067 7,084 10,757 15,177 12,214 19,835 8,574 2,760 5,733 6,554 15,502 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 17,272 1,797 2,730 33,,885511 3,099 5,033 2,176 700 1,455 1,663 3,934 Total bought outright2 379,571 22,333 141,161 14,691 22,309 3311,,447766 25,331 41,135 17,781 5,725 11,889 13,592 32,148 Held under repurchase agreements1 3,701 0 333,,,777000111 00 000 000 000 00 00 00 00 00 0 Total U.S. govt, securities 383,272 22,333 111444444,,,888666222 1144,,669911 222222,,,333000999 333111,,,444777666 222555,,,333333111 4411,,113355 1177,,778811 55,,772255 1111,,888899 1133,,559922 32,148 Total loans and securities 387,058 22,479 111444777,,,000222111 14,791 222222,,,444555333 333111,,,666777888 222555,,,444999777 41,412 17,915 5,787 11,980 13,684 32,362 Items in process of collection 6,889 411 891 278 283 524 896 541 369 484 416 386 1,410 Bank premises 1,158 94 146 49 82 126 77 109 30 74 55 157 159 Other assets3 30,837 1,423 9,858 1,328 1,858 2,447 2,610 3,532 935 654 1,067 1,592 3,534 Interdistrict settlement account 0 •471 --55,,555544 --11,,115522 • 206 ••55,,226666 ••889944 --11,,887788 --22,,002222 ••442222 --11,,550088 --447755 •5,330 TOTAL ASSETS 447,736 26,080 116600,,334466 1166,,116699 26,121 4411,,884422 3311,,333322 4455,,999955 1188,,221199 77,,779944 1122,,773355 1166,,119933 44,911 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 $ 12,513 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 272 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 $ 145 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 MAY 1, 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 394,498 24,140 137,731 14,437 24,223 38,870 27,227 41,417 16,646 6,078 10,981 13,480 39,266 Deposits Depository institutions 21,716 913 6,011 920 846 1,411 2,067 2,486 832 911 848 1,711 2,761 U.S. Treasury--general account 11,967 0 11,967 0 0 0 0 0 0 0 0 0 0 foreign--official accounts 187 6 82 7 9 11 14 17 4 4 5 9 20 0 ther 414 0 Jl.53 1 0 84 19 147 0 1 3 1 3 Total deposits 34,285 919 18,213 928 856 1,506 2,100 2,650 836 916 856 1,721 2,783 Deferred credit items 6,714 413 756 239 278 538 918 522 326 508 428 328 1,460 Other liabilities and accrued dividends1 4,064^ 239 1,379 179 237 336 292 439 194 90 160 164 355 TOTAL LIABILITIES 439,561 25,712 158,079 15,782 25,595 41,250 30,537 45,027 18,003 7,592 12,424 15,693 43,865 CAPITAL ACCOUNTS Capital paid in 4,023 179 1,095 193 262 291 401 482 104 101 157 248 511 Surplus 3,957 171 1,057 190 259 292 389 473 98 99 152 246 532 Other capital accounts 195 19 115 3 6 9 5 13 14 2 2 5 2 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 447,736 26,080 160,346 16,169 26,121 41,842 31,332 45,995 18,219 7,794 12,735 16,193 44,911 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 507,902 29,426 193,120 18,080 27,651 45,682 34,021 49,364 18,932 7,204 12,697 19,493 52,232 Less- Held by F.R. Banks JJ.3,404^ 5,286 55,388 3^643 3,428 6,812^ J>,794_ 7,947 2,284 1,716 6^013 12,966 F.R. notes, net 394,498 24,140 137,731 14,437 24,223 38,870 27,227 41,417 16,648 6,078 10,981 13,480 39,266 Collateral held against F.R. notes Gold certificate account 11,052 Special drawing rights certificate account 10,168 Other eligible assets 0 U.S. govt, and agency securities 373,278 Total collateral 394,498 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