1 ________________________________________________________________________________________________________________ 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 October 24, 1996 Millions of dollars ________________________________________________________________________________________________________________ Averages of daily figures Reserve balances of depository institutions at Week ended Change from week ended Wednesday F.R. Banks, Reserve Bank credit, and related items Oct 23, 1996 Oct 16, 1996 Oct 25, 1995 Oct 23, 1996 ________________________________________________________________________________________________________________ Reserve Bank credit 1 2 427,835 - 132 + 17,554 434,783 U.S. government securities Bought outright--system account 387,020 - 95 + 16,224 386,616 Held under repurchase agreements 3,634 - 311 + 758 9,332 Federal agency obligations Bought outright 2,288 - 21 - 595 2,260 Held under repurchase agreements 1,782 + 158 + 792 2,897 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 4 - 154 - 20 12 Seasonal credit 197 - 15 + 7 189 Extended credit 0 0 0 0 Float 1,195 + 229 + 891 1,040 Other F.R. assets 31,716 + 79 - 503 32,438 Gold stock 11,049 0 - 1 11,049 Special drawing rights certificate account 9,718 0 - 450 9,718 Treasury currency outstanding 24,735 + 14 + 903 24,735 -------------------------------------------------------- Total factors supplying reserve funds 473,338 - 118 + 18,005 480,286 Currency in circulation* 433,190 - 628 + 22,179 433,234 Treasury cash holdings* 281 - 11 - 32 281 Deposits, other than reserve balances, with F.R. Banks Treasury 5,414 + 529 + 139 5,337 Foreign 166 - 12 - 17 168 Service-related balances and adjustments 3 6,661 - 140 + 1,667 6,661 Other 358 - 23 + 25 364 Other F.R. liabilities and capital 14,139 + 304 + 1,155 13,937 -------------------------------------------------------- Total factors, other than reserve balances, absorbing reserve funds 460,208 + 20 + 25,116 459,982 Reserve balances with F.R. Banks 4 13,129 - 137 - 7,111 20,304 ---------------------------------------------------------------------------------------------------------------- On October 23, 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 $ 593,389 million, a change of + $ 724 million for the week. The total includes the face value of U.S. Treasury strips and other zero coupon bonds. 1 Net of $ 12,091 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 12,091 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. government securities. 2 Net of $ 12,495 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 12,495 million was with foreign official and international accounts. Includes $ 100 million securities loaned--fully secured U.S. government securities. 3 Consists of required clearing balances of $ 6,471 million and adjustments of $ 190 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. 1 Worksheet for H.4.1 (a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS Millions of dollars ---------------------------------------------------------------------------------------------------------------- Change since * Wednesday Wednesday Wednesday Oct 23, 1996 Oct 16, 1996 Oct 25, 1995 ---------------------------------------------------------------- ASSETS Gold certificate account 11,049 0 - 2 Special drawing rights certificate account 9,718 0 - 450 Coin 609 - 1 + 149 Loans 201 - 709 - 95 Acceptances 0 0 0 Federal agency obligations Bought outright 2,260 - 50 - 552 Held under repurchase agreements 1 2,897 + 2,073 + 1,922 U.S. government securities Bought outright--Bills 186,355 - 440 + 6,273 Notes 152,392 0 + 4,974 Bonds 47,869 0 + 5,196 ---------- ---------- ---------- Total bought outright 2 386,616 - 440 + 16,443 Held under repurchase agreements 1 9,332 + 8,077 + 1,552 ---------- ---------- ---------- Total U.S. government securities 395,948 + 7,638 + 17,995 ---------- ---------- ---------- Total loans and securities 401,305 + 8,952 + 19,270 Items in process of collection (310) 6,629 - 6,088 + 1,560 Bank premises 1,215 + 2 + 75 Other assets 3 31,332 + 962 - 533 ---------- ---------- ---------- TOTAL ASSETS (310) 461,857 + 3,827 + 20,070 LIABILITIES Federal Reserve notes 409,389 - 1,385 + 21,011 Deposits Depository institutions 27,090 + 6,739 - 2,791 U.S. Treasury--general account 5,337 + 1,744 + 1 Foreign--official accounts 168 + 3 - 101 Other 364 - 2 + 38 ---------- ---------- ---------- Total deposits 32,959 + 8,484 - 2,853 Deferred availability cash items (310) 5,572 - 3,549 + 698 Other liabilities and accrued dividends 4 4,531 + 260 + 105 ---------- ---------- ---------- TOTAL LIABILITIES (310) 452,451 + 3,811 + 18,962 CAPITAL ACCOUNTS Capital paid in 4,530 - 2 + 606 Surplus 3,860 0 + 177 Other capital accounts 1,015 + 18 + 325 ---------------------------------------------------------------------------------------------------------------- * 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 $ 12,495 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 100 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 $ 156 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, OCTOBER 23, 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 185 0 Within 15 days 18,995 + 3,559 3,064 + 2,177 16 days to 90 days 16 0 16 days to 90 days 94,169 + 235 806 - 137 Over 90 days 0 0 91 days to 1 year 113,626 + 3,844 275 - 2 Over 1 year to 5 years 94,775 0 520 - 15 Over 5 years to 10 years 34,028 0 467 0 Over 10 years 40,356 0 25 0 ---------- ---------- ---------- ---------- ---------- ---------- Total 201 0 Total 395,948 + 7,638 5,157 + 2,023 ---------------------------------------------------------------------------------------------------------------- Components may not add to totals due to rounding. 1 H.4.1 (b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 23, 1996 Millions of dollars ---------------------------------------------------------------------------------------------------------------------------------------------------------- | Total | Boston | New York| Phila. | Cleve.| Rich. |Atlanta| Chicago |S.Louis| Minneap.|KansasC| Dallas|San Fran. ----------------------------------------------------------------------------------------------------------------------- ASSETS Gold certificate account 11,049 661 4,050 423 624 919 769 1,140 474 168 321 433 1,067 Special drawing rights certif. acct. 9,718 636 3,385 396 543 835 745 979 419 144 280 399 957 Coin 609 17 24 41 31 108 90 68 28 20 63 50 70 Loans 201 0 0 10 0 0 2 27 38 83 32 5 2 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Federal agency obligations Bought outright 2,260 133 840 87 133 187 151 245 106 34 71 81 191 Held under repurchase agreements 1 2,897 0 2,897 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright--Bills 186,355 10,965 69,305 7,213 10,953 15,453 12,437 20,196 8,730 2,811 5,837 6,673 15,784 Notes 152,392 8,966 56,674 5,898 8,957 12,637 10,170 16,515 7,139 2,298 4,773 5,457 12,907 Bonds 47,869 2,817 17,802 1,853 2,814 3,969 3,195 5,188 2,242 722 1,499 1,714 4,054 ----------------------------------------------------------------------------------------------------------------------- Total bought outright 2 386,616 22,748 143,781 14,963 22,723 32,060 25,801 41,899 18,111 5,831 12,110 13,844 32,745 Held under repurchase agreements 1 9,332 0 9,332 0 0 0 0 0 0 0 0 0 0 ----------------------------------------------------------------------------------------------------------------------- Total U.S. govt. securities 395,948 22,748 153,113 14,963 22,723 32,060 25,801 41,899 18,111 5,831 12,110 13,844 32,745 ----------------------------------------------------------------------------------------------------------------------- Total loans and securities 401,305 22,881 156,850 15,061 22,856 32,247 25,953 42,171 18,256 5,948 12,212 13,930 32,939 Items in process of collection 6,939 499 932 279 310 519 762 673 244 512 496 313 1,401 Bank premises 1,215 95 147 49 101 128 82 110 30 103 55 155 160 Other assets 3 31,332 1,416 10,461 1,325 1,859 2,387 2,601 3,530 934 650 1,067 1,587 3,517 Interdistrict settlement account 0 +1,467 -31,617 -1,396 +6,848 +5,031 +881 +1,270 -2,346 -433 -560 -1,221 +22,076 ----------------------------------------------------------------------------------------------------------------------- TOTAL ASSETS 462,167 27,670 144,233 16,177 33,171 42,174 31,883 49,941 18,039 7,114 13,934 15,646 62,186 ----------------------------------------------------------------------------------------------------------------------- 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 $ 12,495 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 100 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 $ 156 million in Treasury bills maturing within 90 days. Components may not add to totals due to rounding. 1 H.4.1 (c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 23, 1996 Millions of dollars ---------------------------------------------------------------------------------------------------------------------------------------------------------- | Total | Boston | New York| Phila. | Cleve.| Rich. |Atlanta| Chicago |S.Louis| Minneap.|KansasC| Dallas|San Fran. ----------------------------------------------------------------------------------------------------------------------- LIABILITIES Federal Reserve notes 409,389 24,676 127,056 13,611 30,679 38,959 28,025 44,644 16,494 5,478 12,184 12,274 55,308 Deposits Depository institutions 27,090 1,975 7,100 1,689 1,376 1,601 1,934 2,961 844 811 916 2,395 3,488 U.S. Treasury--general account 5,337 0 5,337 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 168 6 63 7 9 11 14 17 4 4 5 9 20 Other 364 1 110 1 3 81 2 157 0 2 4 1 2 ----------------------------------------------------------------------------------------------------------------------- Total deposits 32,959 1,982 12,610 1,697 1,388 1,693 1,950 3,136 848 816 926 2,405 3,510 Deferred credit items 5,882 391 692 216 238 500 720 564 237 506 290 271 1,259 Other liabilities and accrued dividends 1 4,531 266 1,559 196 267 367 321 481 214 103 173 181 400 ----------------------------------------------------------------------------------------------------------------------- TOTAL LIABILITIES 452,761 27,315 141,917 15,720 32,572 41,519 31,016 48,825 17,793 6,903 13,573 15,131 60,477 CAPITAL ACCOUNTS Capital paid in 4,530 167 1,085 222 290 313 422 540 114 105 176 253 844 Surplus 3,860 166 1,028 185 252 284 379 460 95 96 148 240 527 Other capital accounts 1,015 22 203 50 58 58 67 115 36 10 37 22 337 ----------------------------------------------------------------------------------------------------------------------- ACCOUNTS 462,167 27,670 144,233 16,177 33,171 42,174 31,883 49,941 18,039 7,114 13,934 15,646 62,186 ---------------------------------------------------------------------------------------------------------------------------------------------------------- FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 531,009 30,238 179,247 16,352 33,832 46,973 35,933 53,232 20,176 6,974 14,419 21,758 71,875 Less--Held by F.R. Banks 121,619 5,562 52,191 2,741 3,153 8,014 7,907 8,587 3,683 1,496 2,236 9,484 16,566 ----------------------------------------------------------------------------------------------------------------------- F.R. notes, net 409,389 24,676 127,056 13,611 30,679 38,959 28,025 44,644 16,494 5,478 12,184 12,274 55,308 Collateral held against F.R. notes Gold certificate account 11,049 Special drawing rights certificate account 9,718 Other eligible assets 0 U.S. govt. and agency securities 388,622 ------------ Total collateral 409,389 ----------------------------------------------------------------------------------------------------------------------- 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.