H.4.1 Factors Affecting Reserve Balances of Depository Institutions

.%a2£iS&:.. 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 30, 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 MMaayy 2299,, 11999966 May 22, 1996 j May 31, 1995 May 29, 1996 Reserve Bank credit1 2 416,407 550 • 5,168 419,935 U.S. government securities Bought outright--system account 380,439 195 + 11,691 381,789 Held under repurchase agreements 2,176 140 1,483 3,365 Federal agency obligations Bought outright 2,439 5 919 2,428 Held under repurchase agreements 686 190 239 850 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 25 1 + 20 22 Seasonal credit 133 + 20 25 139 Extended credit 0 0 0 0 Float 201 204 + 124 693 Other F.R. assets 30,309 + 165 4,001 30,649 Gold stock 11,051 0 3 11,051 Special drawing rights certificate account 10,168 0 + 2,150 10,168 Treasury currency outstanding 24,362 • 14 + 1,003 24,362 Total factors supplying reserve funds 461,989 536 + 8,319 465,516 Currency in circulation* 422,105 + 2,442 + 12,407 423,728 Treasury cash holdings* 264 1 61 265 Deposits, other than reserve balances, with F.R. Banks Treasury 5,175 + 48 145 5,381 Foreign 196 29 • 20 180 Service-related balances and adjustments3 6,725 + 718 + 1,934 6,725 Other 348 17 • 61 357 Other F.R. liabilities and capital 12,971 + 42 + 202 12,781 Total factors, other than reserve balances, absorbing reserve funds 447,783 + 3,201 + 14,419 449,419 Reserve balances with F.R. Banks4 14,206 3,738 6,100 16,097 On May 29, 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 $ 553,973 million, a change of 4- $ 3,010 million for the week. The total includes the face value of U.S. Treasury strips and other zero coupon bonds 1 Net of $ 11,646 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 11,646 million was with foreign official and international accounts Includes securities loaned-fully secured by U.S. government securities 2 Net of $ 10,295 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 10,295 million was with foreign official and international accounts Includes $ 1,102 million securities loaned-fully secured U.S. government securities 3 Consists of required clearing balances of $ 5,890 million and adjustments of $ 835 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 Wednesday Wednesday Wednesday May 29, 1996 May 22, 1996 May 31, 1995 ASSETS Gold certificate account 11,051 0 3 Special drawing rights certificate account 10,168 0 2,150 Coin 538 31 158 Loans 161 19 8 Acceptances 0 0 Federal agency obligations Bought outright 2,428 16 930 Held under repurchase agreements1 850 1,017 150 U.S. government securities Bought outright--Bills 185,244 1,128 5,873 Notes 150,102 3,104 Bonds 46,443 2,764 Total bought outright2 381,789 + 1,128 11,742 Held under repurchase agreements1 3,365 4,538 166 Total U.S. government securities 385,154 - 3,410 11,576 Total loans and securities 388,593 4,424 10,788 Items in process of collection (532) 8,200 2,812 161 Bank premises 1,170 0 80 Other assets3 29,431 117 3,394 TOTAL ASSETS (532) 449,151 1,527 9,618 LIABILITIES Federal Reserve notes 400,169 2,664 • 11,722 Deposits Depository institutions 22,660 - 7,151 3,970 U.S. Treasury--general account 5,381 + 475 • 735 Foreign--official accounts 180 • 5 46 Other 357 • 5 • 143 Total deposits 28,579 - 6,666 3,139 Deferred availability cash items (532) 7,622 • 2,498 + 434 Other liabilities and accrued dividends4 4,153 - 64 328 TOTAL LIABILITIES (532) 440,523 1,568 8,690 " CAPITAL ACCOUNTS Capital paid in 4,100 + 1 293 Surplus 3,966 0 296 Other capital accounts 562 + 41 340 * Figures in parentheses are the eliminations made in the consolidation process 1 Does not include US government and federal agency securities resold under matched sale-purchase transactions to foreign official and international accounts of which $ 1,600 million was outstanding at the end of the latest statement week 2 Net of $ 10,295 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 1,102 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 $ 126 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 29, 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 Loans Acceptances! Weekly Weekly Holdings changes Holdings changes Within 15 days 148 Within 15 days 20,249- 3,589; 1,222 993 16 days to 90 days 12 16 days to 90 days 92,03l|+ 5,069J 4731 40 Over 90 days 0 91 days to 1 year 109,536'- 4,890 5751 0 Over 1 year to 5 years 91,676 o! 512! 0 Over 5 years to 10 years 32,941 °! 4721 0 Over 10 years 38,721 25! 0 Total 161; Total 385,154 - 3,4100 ; 3,278 1,033 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 29, 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 11,051 661 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 538 28 24 35 24 84 66 55 29 24 60 37 73 Loans 161 5 0 9 0 0 11 18 35 50 18 7 7 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Federal agency obligations Bought outright 2,428 143 903 94 143 201 162 263 114 37 76 87 206 Held under repurchase agreements1 850 0 850 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright--Bills 185,244 10,899 68,891 7,170 10,888 15,361 12,362 20,075 8,678 2,794 5,802 6,633 15,690 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 22,,773300 33,,885511 33,,009999 55,,003333 22,,117766 770000 11,,445555 11,,666633 3,934 Total bought outright2 381,789 22,464 141,986 14,776 2222,,444400 3311,,665599 2255,,447799 4411,,337755 1177,,888855 55,,775588 111177995599 1133,,667711 32,336 Held under repurchase agreements1 3,365 0 3,365 00 000 000 000 000 000 000 000 000 0 Total U.S. govt, securities 385,154 22,464 145,351 1144,,777766 222222,,,444444000 333111,,,666555999""" 222555,,,444777999 444111,,,333777555 111777,,,888888555""" 555,,,777555888 111111,,,999555999 111333,,,666777111 32,336 Total loans and securities 388,593 22,611 147,104 14,880 222222,,,555888222 333111,,,888666111 222555,,,666555222 444111,,,666555777 111888,,,000333444 555,,,888444444 111222,,,000555333 111333,,,777666555 32,549 Items in process of collection 8,732 645 1,228 321 408 752 865 1,056 430 524 500 346 1,656 Bank premises 1,170 94 145 49 85 126 81 109 30 79 56 157 159 Other assets3 29,431 1,340 9,322 1,277 1,777 2,330 2,523 3,365 874 635 1,026 1,544 3,416 Infer district settlement account 0 • 921 -15,485 -880 •3,290 ••77,,550011 ••11,,335588 --11,,660066 --22,,664422 ••666666 --11,,224477 -304 •8,427 TOTAL ASSETS 449,683 26,812 150,293 16,517 29,375 4444,,336644 3311,,883388 4466,,885544 1177,,772200 88,,112200 1133,,111122 16,353 48,324 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 $ 1,600 million was outstanding at the end of the latest statement week. 2 Net of $ 10,295 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 1,102 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 $ 126 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 29, 1996 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City Francisco LIABILITIES Federal Reserve notes 400,169 23,916 134,603 14,373 27,387 40,891 27,885 41,580 16,165 6,160 11,332 13,872 42,005 Deposits Depository institutions 22,660 1,581 5,248 1,272 872 1,595 1,944 2,829 832 989 776 1,453 3,269 U.S. Treasury--general account 5,381 0 5,381 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 180 6 75 7 9 11 14 17 4 4 5 9 20 Other 357 0 143 1 -31 73 3 127 00 11 33 3344 1 Total deposits 28,579 1,588 10,848 1,279 850 1,679 1,960 2,973 883366 999944 778855 11,,449966 3,290 Deferred credit items 8,154 685 1,068 286 361 827 821 778 292 662 472 306 1,598 Other liabilities and accrued dividends1 4,153 242 1,407 182 241 333388 300 446 119988 9966 116633 116688 372 TOTAL LIABILITIES 441,055 26,431 147,926 16,120 28,839 4433,,773355 30,967 45,777 1177,,449911 77,,991122 1122,,775522 1155,,884411 47,265 CAPITAL ACCOUNTS Capital paid in 4,100 179 1,102 190 256 291 422 517 106 101 174 251 511 Surplus 3,966 171 1,057 190 259 292 389 473 98 99 152 246 542 Other capital accounts 562 32 209 1166 2211 46 6600 8888 2266 88 3344 15 6 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 449,683 26,812 150,293 16,517 29,375 44,364 31,838 46,854 17,720 8,120 13,112 16,353 48,324 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 513,943 28,810 190,281 17,822 30,200 47,032 34,291 49,119 18,537 7,165 12,826 21,012 56,848 Less--Held by F.R. Banks 113,774 4,894 55,678 3,449 2,813 6,141 6,406 7,539 2,372 1,006 1,494 7,140 14,843 F.R. notes, net 400,169 23,916 134,603 14,373 27,387 40,891 27,885 41,580 16,165 6,160 11,332 13,872 42,005 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 378,950 Total collateral 400,169 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