H.4.1 Factors Affecting Reserve Balances of Depository Institutions

voSS^V, 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 9, 1996 Millions of dollars Averages of daily fi guras RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt Week ended Change from week ended Wednesday FF..RR.. BBaannkkss..,, RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteeiinnss May 8, 1996 May 1, 1996^ May 10, 1995" May 3, 1996 Reserve Bank credit1 2 417,571 + 2,832 + 6,559 427,202 U.S. governnent securities Bought outright--system account 380,618 + 1,111 + 11,628 380,121 Held under repurchase agreements 1,405 • 876 - 433 6,392 Federal agency obligations Bought outright 2,444 0 - 940 2,444 Held under repurchase agreements 99 - 80 - 194 620 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 22 + 1 + 10 21 Seasonal credit 78 • 14 - 49 80 Extended credit 0 0 0 0 Float 969 + 942 + 429 5,227 Other F.R. assets 31,937 - 31 - 3,891 32,298 Gold stock 11,051 0 - 3 11,051 Special drawing rights certificate account 10,168 0 + 2,150 10,168 Treasury currency outstanding 24,320 • 14 + 1,003 24,320 Total factors supplying reserve funds 463,111 _ 2,846 _ 9,709 472,742 Currency in circulation* 418,248 + 1,346 + 10,557 419,742 Treasury cash holdings* 306 + 15 - 43 265 Deposits, other than reserve balances, with F.R. Banks Treasury 6,537 - 2,172 + 1,661 5,877 Foreign 189 + 12 + 14 173 Service-related balances and ad jus ^jnen ts3 6,002 ~ 54 * 1,414 6,002 Other 368 13 + 52 361 Other F.R. liabilities and capital 12,705 + 40 - 39_7___ 12,77° Total factors, other than reserve balances, absorbing reserve funds 444,354 - 827 + 13,257 445,198 Reserve balances with F.R. Banks4 18,757 + 3,674 - 3,548 27,544 On May 8, 1996, the face amcuni of marketable U.S. government securities held in custody by the federal Reserve Banks for foreign official and international accounts was $ 551,297 million, a change of - 5 2,038 million for the week. The total includes the face value of U.S. Treasury strips and other zero coupon bonds 1 Net of $ 11,465 minion, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 11,466 million was with foreign official and international accounts. Includes securities lcaned--fully secured by U.S. government securities. 2 Net of $ 11,964 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 11,964 million was with foreign official and international accounts. Includes $ 280 million securities loaned-fully secured U.S. government securities. 3 Consists of required clearing balances of $ 5,774 million and adjustments of $ 228 million to compensate for float. 4 Excludes required clearing balances and adjustments to compensate for Heat. * 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 CONDITIONER ALL FEDERAL RESERVE 3ANKS Millions of dollars Change since Wednesday Wednesday Wednesday May 8, 1996 May 1, 1996 May 10, 1995 ASSETS Gold certificate account 11,051 0 3 Special drawing rights certificate account 10,168 0 2,150 Coin 579 6 172 Loans 101 10 61 Acceptances 0 0 0 Federal agency obligations Bought outright 2,444 0 914 Held under repurchase agreements1 620 630 620 U.S. government securities Bought outright--Bills 183,576 549 3,580 Notes 150,102 0 3,648 Bonds 46,443 0 2,221 Total bought outright2 380,121 549 9,448 Held under repurchase agreements1 6,392 2,691 4,437 Total U.S. government securities 386,513 3,240 13,885 Total loans and securities 389,678 2,620 13,531 Items in process of collection (402) 11,677 5,226 5,898 Bank premises 1,161 3 75 Other assets3 31,058 221 3,828 TOTAL ASSETS (402) 455,372 8,075 17,994 LIABILITIES Federal Reserve notes 396,265 1,767 9,608 Deposits Depository institutions 34,013 12,297 + 6,194 U.S. Treasury--general account 5,877 6,091 + 1,000 Foreign--official accounts 173 14 + 17 Other 361 53 + 47 Total deposits 40, 424 + 6,139 + 7,258 Deferred availability cash items (403) 5, 904 - 371 + 1,088 Other liabilities and accrued dividends* 4,, 328 + 263 - 346 TOTAL LIABILITIES (402) 446,921 7,799 + 17,608 CAPITAL ACCOUNTS Capital paid in 4,020 3 • 216 Surplus 3,966 9 + 283 Other capital accounts 465 270 - 113 * 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 $ 11,964 million matched sale-purchase transactions outstanding at the end of the latest statement ^eek. includes $ 280 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 $ 138 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 totais due to rounding. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, MAY 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 , ,. | Weekly uHoldings uHoldings , ( changes * ! changes Within 15 days 37 0 Within 15 days 20,117j- 1,231 620^- 630 16 days to 90 days 64 0 16 days to 90 days 89,053;+ 1,52b 841 + 156 Over 90 days 0 0 91 days to 1 year 114,327;+ 2,946 575 156 Over 1 year to 5 years 91,995i 0 512 0 Over 5 years to 10 years 32,299j 0 492 0 OOvveerr 1100 yyeeaarrss 3388,,772211'' 00 251 0 Total 101 0 TToottaall 338866,,55113311++ 33,,224400 3,06*!- 630 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 8, 1996 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas 1 City Francisco ASSETS Gold certificate account 11,051 661 9,052 923 629 919 769 1,190 979 168 321 933 1,067 Special drawing rights certif. acct 10,168 511 3,903 913 589 790 523 1,079 990 180 392 376 977 Coin 579 30 29 39 30 92 69 62 30 25 62 39 72 Loans 101 3 0 9 0 0 9 11 23 31 12 5 9 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Federal agency obligations bought outright 2,999 199 909 95 199 203 163 265 119 37 77 88 207 Held under repurchase agreements1 620 0 620 0 0 0 0 0 0 0 0 0 0 U.S. government securities bought outright- Bills 183,576 10,801 68,271 7,105 10,790 15,223 12,251 19,895 8,600 2,769 5,750 6,573 15,548 Notes 150,102 8,832 55,822 5,809 8,822 12,997 10,017 lb,267 7,032 2,269 9,702 5,375 12,713 Bonds 96,993 22,,77SS55 1177,,227722 11,,779977 22,,773300 33,,885511 33,,009999 55,,003333 22,,11//66 770000 11,,995555 1,663 3,934 Total bought outright2 380,121 2222,,33oott>> 119911,,336655 1199,,771122"" 2222,,339922 3311,,552211"" 2255,,336688 9911,,119955 1177,,880077 55,,773333 1111,,990077 13,611 32,195 Held under repurchase agreements1 6,392 0 6,392 0 0 0 0 0 0 0 0 0 0 Total U.S. govt, securities 386,513" 22,366 197,757" 19,712 22,392 31,521 25,368 Ti7T9»T 17,807 5,733 11,907 13,611 32,195 Total loans and securities 389,t>/8 r 227513 199~286 19,810 22,985 31,729 25,590 91,9/0 17,995 5,800 11,995 13,709 32,406 Items in process of collection 12,079 738 1,551 712 987 999 1,128 1,922 590 529 733 1,159 2,082 Bank premises 1,161 99 196 99 85 12b 77 109 30 79 55 157 159 Other assets3 31,058 1,938 9,908 1,390 1,8/3 2,4/0 2,631 3,556 996 659 1,077 1,603 3,556 Interdistrict settlement account 0 ++11,,669999 ::88,,995511 ::992222__ ++773311__ ++66,,220099 ++991199__ --11,,778899 --22,,336688 ++6688 -1,599 + 258 +5,210 TOTAL ASSL1S 955,775 2277,,6677''99 116600,,992233 1166,,886699 2266,,889999 9933,,332299 3311,,665500 9977,,005511 1188,,008877"" 77,,550099"" 13,036 17,730 45,529 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 e\u\ of the latest statement week. 2 Net of $ 11,964 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 280 million securities loaned-rully 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 $ 138 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 8, 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 396,265 24,212 138,566 14,399 24,590 39,147 27,076 41,507 16,480 6,117 11,167 13,672 39,333 Deposits Depository institutions 34,013 2,311 11,254 1,619 1,246 2,536 2,687 3,307 948 635 922 3,088 3,459 U.S. Treasury--general account 5,877 0 5,877 0 0 0 0 0 0 0 0 0 0 r or e iyrr - of f ic ial account s 173 6 68 7 9 II 14 17 4 4 5 9 20 Other ',bl 1 120 0 1 83 _ -10- 139 0 2 2 1 3 Total deposits 40,42 t 2,318 17,319 1,62b 1,257 2,629 27 711 3,4 63 952 640 929 3,098 3,481 Deferred credit items 6,3 0 7 518 b92 249 2b2 579 730 610 445 448 277 1,273 Other liabilities and accrued dividends1 __ 4,328 _ _ 2**9 1,504 187 250 _ 509_ 459 204 94 167 172 383 IOTAL LIABILITIES 447,324 277296 "1587082 16,461 267358 42,705" 30^826 46,040 17,859 7,296 12,712 17,218 44,470 CAPITAL ACCOUNTS Capital paid in 4,020 179 1,095 19<» 256 291 402 483 104 101 158 248 512 Surplus 3,9bb 171 1 ,057 190 259 292 389 4/3 98 99 152 246 542 Other capital accounts 4b5 33 190 19 2/ 36 34 55 26 8 15 18 5 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 455,775 27,6/9 160,423 16,864 26,899 43,324 31,650 47,051 18,087 7,504 13,036 17,730 45,529 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 510,367 29,243 194,230 18>154 27,765 45,783 33,811 49,488 18,857 7,186 12,904 19,977 52,968 Lesu Held by F.K. banks 114,102 5^,031 55^664 3,75b 3,175 6,636 6,735 _ 7^,982 2,376 1,069 1,737 6,305 13,635 F.R. notes,, net 396,265 24,212" 138,566 14,399 24,590 39,147 27,07o 41,507 167480 6,117 11,167 13,672 39,333 Collateral held igainst F.R. notes Gold .certificate account 11,051 Special drawing rights certificale aceount 10,168 0titer eligible assets 0 U.S. govt, and agency securities 375j,04t> Total collateral "396,265" 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