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^rSeVfthe 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 23, 1996 Millions of dollars Averages of 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 22, 1996 May 15, 1996 May 24, 1995 May 22, 1996 Reserve Bank credit1 2 417,014 • 1,681 • 6,762 423,679 U.S. government securities Bought outright--system account 380,634 • 1,362 • 12,248 380,661 Held under repurchase agreements 2,315 • 1,588 - 885 7,903 Federal agency obligations Bought outright 2,444 0 - 914 2,444 Held under repurchase agreements 876 + 874 • 46 1,867 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 26 - 1 • 22 18 Seasonal credit 113 •f 21 - 32 124 Extended credit 0 0 0 0 Float 461 - 474 + 189 130 Other F.R. assets 30,144 - 1,690 - 3,912 30,531 Gold stock 11,051 0 - 3 11,051 Special drawing rights certificate account 10,168 0 + 2,150 10,168 Treasury currency outstanding 24,348 + 14 • 1,003 24,348 Total factors supplying r&ser\jB funds 462,582 • 1,695 _ 9,912 469,246 Currency in circulation* 419,663 • 278 + 11,623 421,021 Treasury cash holdings* 265 0 - 70 264 Deposits, other than reserve balances, with F.R. Banks Treasury 5,127 - 545 • 304 4,906 Foreign 224 •*• 39 • 28 175 Service-related balances and adjustments3 6,008 - 31 • 1,366 6,008 Other 365 - 16 • 49 353 Other F.R. liabilities and capital 12,929 - 1 • 49 12,805 Total factors, other than reserve balances, absorbing reserve funds 444,581 - 276 • 13,350 445,531 Reserve balances with F.R. Banks4 18,000 • 1,971 - 3,437 23,716 On May 22, 1996, the face amount of marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts was $ 550,963 million, a change of - $ 2,080 million for the week. The total includes the face value of U.S. Treasury strips and other zero coupon bonds. 1 Net of $ 11,451 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 11,451 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. government securities. 2 Net of $ 11,423 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 11,423 million was with foreign official and international accounts. Includes $ 120 million securities loaned-fully secured U.S. government securities. 3 Consists of required clearing balances of $ 5,825 million and adjustments of $ 183 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 22, 1996 Hay 15, 1996 Hay 24, 1995 ASSETS Gold certificate account 11,051 0 - 3 Special drawing rights certificate account 10,168 0 • 2,150 Coin 569 7 • 168 Loans 142 • 16 17 Acceptances 0 0 0 Federal agency obligations Bought outright 2,444 0 - 914 Held under repurchase agreements1 1,867 • 1,852 • 217 U.S. government securities Bought outright--Bills 184,116 • 528 • 7,405 Notes 150,102 0 • 3,104 Bonds 46,443 0 • 2,764 Total bought outright2 380,661 • 528 • 13,274 Held under repurchase agreements1 77,,990033 • 2,814 689 Total U.S. government securities 338888,,556644 • 3,342 13,<>63 Total loans and securities 393,017 + 5,210 • 13,248 Items in process of collection (436) 5,388 880 + 756 Bank premises 1,171 0 • 80 Other assets3 29,314 + 287 - 3,925 TOTAL ASSETS (436) 450,678 • 4,610 • 12,475 LIABILITIES Federal Reserve notes 397,505 • 618 • 10,800 Deposits Depository institutions 29,811 • 3,570 • 685 U.S. Treasury--general account 4,906 + 827 • 5 Foreign--official accounts 175 - 54 • 11 Other 353 - 23 • 24 Total deposits 35,245 • 4,320 •f 725 Deferred availability cash items (436) 5,123 - 422 • 836 Other liabilities and accrued dividends4 44,,221177 - 9 377 TOTAL LIABILITIES ((443366)) 444422,,009911 • 4,508 •• 11,984 CAPITAL ACCOUNTS Capital paid in 4,100 • 49 • 284 Surplus 3,966 0 + 283 Other capital accounts 521 • 53 - 76 * 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 $ 11,423 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 120 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 $ 136 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, MAY 22, 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 . .. 1 Weekly | , .. 1 Weekly 0Holdings j | H ouldings changes ( changes Within 15 days 135 0 WWiitthhiinn 1155 ddaayyss 23,838i+ 4,275| 2,215* 2,184 16 days to 90 days 7 0 1166 ddaayyss ttoo 9900 ddaayyss 86,962 • 2,547! 513J - 332 Over 90 days 0 0 9911 ddaayyss ttoo 11 yyeeaarr 114,426 - 3,480; 575, 0 OOvveerr 11 yyeeaarr ttoo 55 yyeeaarrss 91,676 Oi 512! 0 OOvveerr 55 yyeeaarrss ttoo 1100 yyeeaarrss 32,941 0| 472; 0 OOvveerr 1100 yyeeaarrss 38,72ll 0! 25i 0 Total 142 0 TToottaall 388,564!* 3,342 4,311+ 1,852 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 22, 1996 Millions of dollars Kansas San To tit I Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco ASSETS Gold certificate account 11,051 661 4,052 423 624 919 769 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 569 29 28 36 27 89 68 63 31 25 61 39 73 Loans 142 5 0 6 0 0 7 22 34 41 16 6 3 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 ! 1,867 0 1,867 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright--Bills 184,116 10,833 68,472 7,126 10,822 15,268 12,287 19,953 8,625 2,777 5,767 6,593 15,594 Notes I 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 22,,773333 1177,,227722 11,,779977 22,,773300 33,,885511 33,,009999 55,,003333 22,,117766 770000 11,,445555 11,,666633 3,934 Total bought outright2 380,661 2222,,339977"" 114411,,556666 1144,,773333 2222,,337733 3311//556666"" 2255,,440044 4411,,225533 1177,,883322 55,,774411 1111,,992233"" 1133,,663311"" 32,241 Held under repurchase agreements1 7,903 0 777,,,999000333 000 000 000 000 000 000 00 00 00 0 Total U.S. govt, securities 388,564 2222,,339977 111444999,,,444666999 111444,,,777333333 222222,,,333777333""" 333111,,,555666666 222555,,,444000444 444111,,,222555333 111777,,,888333222 55,,774411 1111,,992233 1133,,663311 32,241 Total loans and securities 393,017 2222,,554477 111555222,,,222444555 111444,,,888333333""" 222222,,,555111777 333111,,,777666999 222555,,,555777444 444111,,,555444000 111777,,,999888111 5,819 12,016 13,725 32,451 Items in process of collection 5,824 358 772 219 291 475 635 543 286 434 381 297 1,135 Bank premises 1,171 94 146 49 85 126 81 109 31 79 55 157 159 Other assets3 29,314 1,325 9,369 1,265 1,763 2,307 2,501 3,354 857 630 1,018 1,534 3,391 Interdistrict settlement account 0 •2,21b --1166,,226666 --336633 ••33,,331188 ••88,,333300 ••44]] 99 --552277 --22,,223311 ••441177 --11,,115500 ••119999 •5,637 TOTAL ASSETS 451,114 27,740 115544,,224488"" 1166,,887755 2299,,220099 4444,,880055 3300,,557700 4477,,330022 1177,,991188 77,,775522 1133,,004455"" 1166,,776600~~ 44,890 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 % 11,423 million matched sale-purchase transactions outstanding at the end of the latest statement week Includes $ 120 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 $ 136 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

M.4.1 (c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MAY 22, 1996 Millions of dollars Kansas San Tola Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 397,505 24,258 135,869 14,530 26,863 40,868 26,771 41,776 16,343 6,151 11,276 13,593 39,205 Deposits Depository institutions 29,811 2,477 8,800 1,555 1,270 2,402 1,939 3,376 947 837 886622 2,229 3,117 U.S. Treasury-general account 4,906 0 4,906 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 175 6 70 7 9 11 14 17 4 4 5 9 20 Other 353 1 118 1 75 4 138 0 13 1 8 Total deposits 35,245 2,484 13,894 1,563 T7281" 2,488 1,958 3,531 951 841 870 2,238 3,145 Deferred credit items 5,5b0 3/3 6b8 199 282 48b 673 499 193 452 37b 246 1,111 Other liabilities and accrued dividends1 4^217 242 1,452 182 244 344 303 450 199 99 164 168 372 T01AL LIABILITIES 442,527 27,358 151,883 16,475 28,671 44,18b 29,705 46,255 17,687 7,543 12,686 16,246 43,833 CAPITAL ACCOUNTS Capital paid in 4,100 179 1,102 190 256 291 422 517 106 101 174 249 512 Surplus 3,9o6 171 1,057 190 259 292 389 473 98 99 152 246 542 Other capital accounts 521 33 206 19 23 36 54 57 28 8 34 19 3 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 451,114 27,740 154,248 16,875 29,209 44,805 30,570 47,302 17,918 7,752 13,045 16,760 44,890 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 513,625 29,252 192,115 18,194 29,915 47,347 33,425 49,656 18,864 7,223 12,935 20,591 54,108 Less -Held by F.R. Banks _116,120 4 99'» 56,246 3^664 3,052 6,479 6,653 7^880 2,520 1^072 _lj_b58 b>_997 14,903 A F.R. notes, n&t 397^5 uV 24,256 135,869 14,530 26,863 40,868" 26,771 41,776 16,343 6,151 11,276 13,593 39,205 Collateral held against F.R. notes Gold certificate account 11,051 Special drawing rights certificate account 10,168 Other eligible assets 0 U.S. govt, and agency securities 376,286 Total collateral 397,505 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