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 February 13, 1997 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 Feb 12, 1997 Feb 5, 1997 Feb 14, 1996 Feb 12, 1997 Reserve Bank Credit (1,2) 432,568 + 183 + 25,244 437,150 U.S. government securities Bought outright-system account (3) 391,666 - 203 + 19,387 392,223 Held under repurchase agreements 4,677 - 805 + 4,677 8,365 Federal agency obligations Bought outright 2,038 0 - 596 2,038 Held under repurchase agreements 2,570 + 1,323 + 2,570 3,099 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 19 + 6 + 13 13 Seasonal credit 18 + 1 + 10 18 Extended credit 0 0 0 0 Float 323 - 221 - 305 -239 Other F.R. assets 31,255 + 82 - 512 31,635 Gold stock 11,049 + 1 - 4 11,050 Special drawing rights certificate account 9,400 0 - 768 9,400 Treasury currency outstanding 25,062 + 14 + 921 25,062 Total factors supplying reserve funds 478,078 + 198 + 25,393 482,662 Currency in circulation* 440,138 + 1,086 + 27,689 441,623 Treasury cash holdings* 261 + 10 - 13 262 Deposits,other than reserve balances,with F.R.Banks Treasury 4,829 - 1,379 - 376 5,135 Foreign 167 + 2 - 9 181 Service-related balances and adjustments (4) 7,274 + 99 + 1,440 7,274 Other 391 + 24 + 15 383 Other F.R. liabilities and capital 13,973 + 452 + 1,314 14,128 Total factors, other than reserve balances, absorbing reserve funds 467,033 + 295 + 30,060 468,987 Reserve balances with F.R. Banks (5) 11,045 - 97 - 4,666 13,675 On February 12, 1997, the face amount of marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts was $ 625,850 million, a change of - $ 542 million for the week. The total includes the face value of U.S. Treasury strips and other zero coupon bonds. 1 Net of $ 13,340 million daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 13,340 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. government securities. 2 Net of $ 12,784 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 12,784 million was with foreign official and international accounts. Includes $ 50 million securities loaned--fully secured U.S. government securities. 3 Includes $ 350 million of inflation-indexed securities valued at the original face amount and $ 0 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Consists of required clearing balances of $ 6,767 million and adjustments of $ 508 million to compensate for float. 5 Excludes required clearing balances and adjustments to compensate for float. * Estimated (Treasury's figures). Components may not add to totals due to rounding. Worksheet for H.4.1 (a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS Millions of Dollars Change Since * Wednesday Wednesday Wednesday Feb 12, 1997 Feb 5, 1997 Feb 14, 1996 ASSETS Gold certificate account 11,050 + 2 - 3 Special drawing rights certificate account 9,400 0 - 768 Coin 723 + 18 + 172 Loans 30 + 10 + 2 Acceptances 0 0 0 Federal agency obligations Bought outright 2,038 0 - 596 Held under repurchase agreements (1) 3,099 + 1,350 + 3,099 U.S. government securities Bought outright--Bills 192,218 - 56 + 11,991 Notes (2) 150,665 + 350 + 880 Bonds 49,339 0 + 5,270 Total bought outright (3) 392,223 + 294 + 18,142 Held under repurchase agreements (1) 8,365 + 6,001 + 8,365 Total U.S. government securities 400,588 + 6,295 + 26,507 Total loans and securities 405,755 + 7,656 + 29,012 Items in process of collection (356) 6,112 - 1,626 - 467 Bank premises 1,243 + 8 + 105 Other assets (4) 30,447 + 615 - 345 TOTAL ASSETS (356) 464,729 + 6,672 + 27,705 LIABILITIES Federal Reserve notes 417,546 + 1,542 + 27,426 Deposits Depository institutions 21,790 + 5,550 - 1,573 U.S. Treasury--general account 5,135 - 215 - 42 Foreign--official accounts 181 + 19 + 8 Other 383 + 5 + 6 Total deposits 27,489 + 5,359 - 1,601 Deferred availability cash items (356) 5,566 - 1,010 + 363 Other liabilities and accrued dividends (5) 4,722 + 329 + 453 TOTAL LIABILITIES (356) 455,323 + 6,220 + 26,640 CAPITAL ACCOUNTS Capital paid in 4,702 + 6 + 679 Surplus 4,373 + 150 + 455 Other capital accounts 331 + 296 - 68 *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 Includes $ 350 million of inflation-indexed securities valued at the original face amount and $ 0 million of compensation that adjusts for the effects of inflation on the principal of such securities. 3 Net of $ 12,784 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. 4 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes special investment account at Chicago of $ 172 million in Treasury bills maturing within 90 days. 5 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, FEBRUARY 12, 1997 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 Loans Acceptances securities (1) obligations Weekly Weekly Holdings changes Holdings changes Within 15 day 18 0 Within 15 days 18,165 + 222 3126 + 1377 16 days to 90 13 0 16 days to 90 days 90,630 + 668 775 - 27 Over 90 days 0 0 91 days to 1 year 122,158 + 5,055 245 + 10 Over 1 year to 5 years 93,677 0 510 - 10 Over 5 years to 10 years 34,132 + 350 457 0 Over 10 years 41,826 0 25 0 Total 30 0 Total 400,588 + 6,296 5137 + 1350 1 Includes $ 350 million of inflation-indexed securities valued at the original face amount and $ 0 million of compensation that adjusts for the effects of inflation on the principal of such securities. Components may not add to totals due to rounding. H.4.1 (b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON FEBRUARY 12, 1997 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco ASSETS Gold certificate account 11,050 661 4,051 423 624 919 769 1,140 474 168 321 433 1,067 Special drawing rights certif. acct. 9,400 541 3,272 289 586 809 615 920 348 125 252 375 1,268 Coin 723 22 34 56 34 129 98 83 37 25 58 61 86 Loans 30 5 0 0 0 0 0 10 0 5 9 0 1 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Federal agency obligations Bought outright 2,038 120 758 79 120 169 136 221 95 31 64 73 173 Held under repurchase agreements(1) 3,099 0 3,099 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright--Bills 192,218 11,310 71,485 7,439 11,298 15,940 12,828 20,831 9,005 2,899 6,021 6,883 16,280 Notes (2) 150,665 8,865 56,032 5,831 8,855 12,494 10,055 16,328 7,058 2,272 4,719 5,395 12,761 Bonds 49,339 2,903 18,349 1,910 2,900 4,091 3,293 5,347 2,311 744 1,545 1,767 4,179 Total bought outright(3) 392,223 23,078 145,866 15,180 23,053 32,525 26,175 42,506 18,374 5,915 12,286 14,045 33,220 Held under repurchase agreements(1) 8,365 0 8,365 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 400,588 23,078 154,231 15,180 23,053 32,525 26,175 42,506 18,374 5,915 12,286 14,045 33,220 Total loans and securities 405,755 23,203 158,088 15,259 23,173 32,694 26,311 42,737 18,470 5,952 12,358 14,118 33,393 Items in process of collection 6,468 383 878 366 148 530 814 564 264 438 353 360 1,372 Bank premises 1,243 95 151 50 111 128 80 110 31 118 56 154 160 Other assets(4) 30,447 1,286 9,518 1,490 1,762 2,275 2,398 3,384 921 594 1,028 1,404 4,387 Interdistrict settlement account 0 244 -17693 -3610 4180 2476 -2087 -1296 -2619 -979 -1099 3117 19365 TOTAL ASSETS 465,086 26,435 158,297 14,322 30,617 39,958 28,999 47,643 17,926 6,441 13,327 20,021 61,099 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 was outstanding at the end of the latest statement week. 2 Includes $ 350 million of inflation-indexed securities valued at the original face amount and $ 0 million of compensation that adjusts for the effects of inflation on the principal of such securities. 3 Net of $ 12,784 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. 4 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes special investment account at Chicago of $ 172 million in Treasury bills maturing within 90 days. Components may not add to totals due to rounding. H.4.1 (c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON FEBRUARY 12, 1997 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 417,546 23,941 143,114 12,543 28,580 37,278 25,153 42,786 16,196 5,129 11,599 17,265 53,963 Deposits Depository institutions 21,790 1,471 5,187 817 867 1,096 1,861 2,609 1,065 556 852 1,779 3,628 U.S. Treasury--general account 5,135 0 5,135 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 181 5 70 9 9 10 13 17 4 3 5 8 28 Other 383 1 112 2 4 81 3 174 0 1 2 1 2 Total deposits 27,489 1,477 10,504 828 880 1,187 1,878 2,801 1,069 560 859 1,788 3,658 Deferred credit items 5,923 360 733 222 305 455 738 479 189 440 339 288 1,374 Other liabilities and accrued dividends (1) 4,722 277 1,648 203 273 384 332 499 223 104 180 187 412 TOTAL LIABILITIES 455,680 26,055 155,999 13,795 30,039 39,305 28,101 46,565 17,677 6,234 12,977 19,528 59,407 CAPITAL ACCOUNTS Capital paid in 4,702 182 1,077 274 282 312 461 540 115 107 178 258 916 Surplus 4,373 168 1,023 254 286 310 415 524 112 100 171 236 775 Other capital accounts 331 30 198 0 11 31 23 13 22 0 1 0 0 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 465,086 26,435 158,297 14,322 30,617 39,958 28,999 47,643 17,926 6,441 13,327 20,021 61,099 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 523,699 29,917 185,521 15,688 32,212 44,038 33,198 50,657 18,940 6,833 13,750 23,120 69,825 Less--Held by F.R. Banks 106,153 5,976 42,408 3,145 3,632 6,759 8,045 7,871 2,744 1,704 2,152 5,855 15,862 F.R. notes, net 417,546 23,941 143,114 12,543 28,580 37,278 25,153 42,786 16,196 5,129 11,599 17,265 53,963 Collateral held against F.R. notes Gold certificate account 11,050 Special drawing rights certificate account 9,400 Other eligible assets 0 U.S. govt. and agency securities 397,096 Total collateral 417,546 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.