H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE These data are scheduled for release each Thursday. The exact tim* of each release will be announced, when the information is available, on (202) 452-3206. •f^LRt^ H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks June 13, 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 JJuunn 1122,, 11999966 Jun 5, 1996 Jun 14, 1995 Jun 12, 1996 Reserve Bank credit1 2 417,343 2,947 + 5,820 418,458 U.S. government securities Bought outright--system account 380,762 • 395 • 7,157 382,860 Held under repurchase agreements 2,402 3,370 + 2,402 2,160 Federal agency obligations Bought outright 2,414 14 723 2,388 Held under repurchase agreements 511 608 + 511 95 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 7 5 • 6 2 Seasonal credit 152 • 10 • 20 170 Extended credit 0 0 0 0 Float 648 + 575 103 195 Other F.R. assets 30,448 + 71 3,448 30,587 Gold stock 11,051 0 3 11,051 Special drawing rights certificate account 10,168 0 • 2,150 10,168 Treasury currency outstanding 24,390 • 14 + 976 24,390 Total factors supplying reserve funds 462,953 2,933 + 8,943 464,067 Currency in circulation* 423,229 + 274 + 13,481 424,165 Treasury cash holdings* 288 • 20 28 287 Deposits, other than reserve balances, with F.R. Banks Treasury 5,697 • 1,421 + 411 5,562 Foreign 179 • 8 1 166 Service-related balances and adjustments3 6,129 117 • 1,874 6,129 Other 330 • 18 + 39 336 Other F.R. liabilities and capital 13,088 65 • 78 13,093 Total factors, other than reserve balances, absorbing reserve funds 448,939 • 1,559 + 15,855 449,737 Reserve balances with F.R. Banks* 14,014 4,492 6,912 14,330 On June 12, 1996, the face amount of marketable U.S. government securities held in custody by the Federal Reserve 3a.nks for foreign official and international accounts was S 561,601 million, a change of - S 1,565 million for the week. The total includes the face value of U.S. Treasury strips and other zero coupon bonds 1 Net of $ 12,268 millicn, daily average, matched sale-purchase transacticns outstanding during the latest statement week, of which a net of $ 12,268 million was with foreign official and international accounts. Includes securities loaned-fuiiy secured by U.S. government securities 2 Net of $ 12,535 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 12,535 million was with foreign official and international accounts. Includes $ 50 million securities Icaned-fuIIy secured U.S. government securities 3 Consists of required clearing balances of $ 5,915 million and adjustments of $ 214 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 Jun 12, 1996 Jun 5, 1996 Jun 14, 1995 ASSETS Gold certificate account 11,051 0 - 3 Special drawing rights certificate account 10,168 0 • 2,150 Coin 538 + 9 • 159 Loans 172 • 30 + 21 Acceptances 0 0 0 Federal agency obligations Bought outright 2,388 - 40 - 716 Held under repurchase agreements1 95 - 1,333 • 95 U.S. government securities Bought outright--Bills 186,315 + 3,112 • 4,186 Notes 150,102 0 • 3,104 Bonds 46,443 0 + 2,764 Total bought outright2 382,860 • 3,112 4- 10,055 Held under repurchase agreements1 2,160 - 5,252 •f 2,160 Total U.S. government securities 385,020 - 2,140 • 12,215 Total loans and securities 387,675 - 3,483 + 11,615 Items in process of collection (500) 6,098 - 1,610 + 537 Bank premises 1,181 4 10 • 85 Other assets3 29,355 + 199 - 3,403 TOTAL ASSETS (500) 446,065 - 4,876 • 11,139 LIABILITIES Federal Reserve notes 400,599 + 391 • 13,325 Deposits Depository institutions 20,608 - 4,804 - 4,175 U.S. Treasury--general account 5,562 - 26 • 562 Foreign--official accounts 166 • 2 • 2 Other 336 • 7 + 44 Total deposits 26,672 - 4,821 - 3,567 Deferred availability cash items (500) 5,701 - 642 •f 1,076 Other liabilities and accrued dividends4 4,391 - 21 - 310 TOTAL LIABILITIES (500) 437,363 - 5,094 • 10,524 CAPITAL ACCOUNTS Capital paid in 4,139 16 • 318 Surplus 3,966 0 • 283 Other capital accounts 598 + 234 • 14 * 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 S 0 million was outstanding at the end of the latest statement week. 2 Net of $ 12,535 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 50 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 $ 139 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, JUNE 12, 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 37 0 WWiitthhiinn 1155 ddaayyss 14,548 905 95 1,373 16 days to 90 days 135 0 1166 ddaayyss ttoo 9900 ddaayyss 89,860 3,686 800 • 30 Over 90 days 0 0 9911 ddaayyss ttoo 11 yyeeaarr 117,256 • 2,451 612 2 OOvveerr 11 yyeeaarr ttoo 55 yyeeaarrss 91,694 0 485 27 OOvveerr 55 yyeeaarrss ttoo 1100 yyeeaarrss 32,9*1 0 467 5 OOvveerr 1100 yyeeaarrss 38,721 0 25 0 Total 172 0 TToottaall 385,020 2,140 2,483 1,373 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 JUNE 12, 1996 Millions of dollars Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San 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 26 24 32 23 89 69 50 31 22 53 38 80 Loans 172 7 0 0 0 0 9 18 36 71 20 7 5 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Federal agency obligations Bought outright 2,388 141 888 92 140 198 159 259 112 36 75 86 202 Held under repurchase agreements1 95 0 95 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright--Bills 186,315 10,962 69,290 7,211 10,951 15,450 12,434 20,191 8,728 2,810 5,836 6,672 15,780 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 1,797 2,730 33,,885511 33,,009999 55,,003333 22,,117766 700 1,455 1,663 3,934 Total bought outright2 382,860 22,527 114422,,338844 14,818 22,503 3311,,774488 2255,,555500 4411,,449922 1177,,993355 5,774 11,992 13,709 32,427 Held under repurchase agreements1 2,160 0 222,,,111666000 000 000 000 000 0 0 0 0 0 0 Total U.S. govt, securities 385,020 22,527 111444444,,,555444444 111444,,,888111888 222222,,,555000333 333111,,,777444888 222555,,,555555000 4411,,449922 1177,,993355 55,,777744 1111,,999922 1133,,770099 32,427 Total loans and securities 387,675 22,674 111444555,,,555222777 111444,,,999111000 222222,,,666444333 333111,,,999444666 222555,,,777111999 4411,,776688 1188,,008833 55,,888822 1122,,008877 1133,,880022"" 32,634 Items in process of collection 6,597 375 761 315 277 611 758 584 275 431 514 383 1,315 Bank premises 1,181 94 146 48 88 126 81 111 31 84 56 157 159 Other assets3 29,355 1,351 9,177 1,279 1,781 2,339 2,527 3,392 879 634 1,029 1,546 3,421 Interdistrict settlement account 0 +842 -15,103 --11,,221122 ++44,,448866 ++77,,889988 ++667766 --11,,110000 -2,607 • 301 -1,292 -953 •8,064 TOTAL ASSETS 446,565 26,533 148,487 1166,,220099 3300,,550077 4444,,772200 3311,,112211 4477,,002233 17,657 7,702 13,110 15,782 47,716 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 $ 12,535 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 50 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 $ 139 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 JUNE 12, 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 400,599 24,350 133,215 14,294 28,346 41,714 27,674 42,195 16,202 6,182 11,370 13,458 41,600 Deposits Depository institutions 20,608 1,022 5,008 1,089 1,065 1,430 1,520 2,541 798 697 793 1,342 3,304 U.S. Treasury--general account 5,562 0 5,562 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 166 6 61 7 9 11 14 17 4 4 5 9 20 Other 336 0 11LL22 11 55 6699 33 114411 00 11 22 11 2 Total deposits 26,6/2 1,028 1100,,774444 11,,009966 11,,008800 11,,550099 11,,553377 22,,669988 880022 770011 880011 11,,335511 3,325 Deferred credit items 6,201 534 686 229 288 515 718 576 212 509 407 278 1,249 Other liabilities and accrued dividends1 4,391 257 1,474 119933 225566 362 319 473 220099 110000 117722 117788 398 TOTAL LIABILITIES 437,863 26,169 146,118 1155,,881122 2299,,996699 44,100 30,248 45,942 1177,,442244 77,,449933 1122,,774499 1155,,226666 46,572 CAPITAL ACCOUNTS Capital paid in 4,139 161 1,102 190 256 292 422 518 106 101 174 251 565 Surplus 3,966 171 1,057 190 259 292 389 473 98 99 152 246 542 Other capital accounts 598 32 209 16 23 35 62 91 28 8 35 19 38 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 446,565 26,533 148,487 16,209 30,507 44,720 31,121 47,023 17,657 7,702 13,110 15,782 47,716 FEDERAL RESERVE AGENTS" ACCOUNTS F.R. notes outstanding 516,488 29,342 188,801 17,868 31,228 48,055 34,079 49,658 18,576 7,047 12,999 20,829 58,007 Less--Held by F.R. Banks 115,889 4,992 5555,,558866 33,,557755 22,,888822 66,,334400 66,,440055 77,,446644 22,,337744 886644 11,,662299 77,,337711 16,407 F.R. notes, net 400,599 24,350 113333,,221155 1144,,229944 2288,,334466 4411,,771144 2277,,667744 4422,,119955 1166,,220022 66,,118822 1111,,337700 1133,,445588 41,600 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 379,380 Total collateral 400,599 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