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 June 27, 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 Jun 26, 1996 Jun 19, 1996 Jun 28, 1995 Jun 26, 1996 ________________________________________________________________________________________________________________ Reserve Bank credit 1 2 420,656 - 2,206 + 9,633 421,410 U.S. government securities Bought outright--system account 382,495 - 362 + 9,653 382,522 Held under repurchase agreements 3,086 - 2,332 + 2,636 4,226 Federal agency obligations Bought outright 2,388 0 - 713 2,388 Held under repurchase agreements 747 + 491 + 747 0 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 22 - 563 + 13 17 Seasonal credit 227 + 34 + 15 241 Extended credit 0 0 0 0 Float 749 + 443 + 622 938 Other F.R. assets 30,942 + 83 - 3,341 31,077 Gold stock 11,050 - 1 - 3 11,050 Special drawing rights certificate account 10,168 0 + 2,150 10,168 Treasury currency outstanding 24,418 + 14 + 948 24,418 -------------------------------------------------------- Total factors supplying reserve funds 466,293 - 2,193 + 12,728 467,046 Currency in circulation* 423,225 + 86 + 15,382 424,751 Treasury cash holdings* 279 - 6 - 33 280 Deposits, other than reserve balances, with F.R. Banks Treasury 7,184 + 1,162 + 207 7,290 Foreign 171 - 2 - 56 163 Service-related balances and adjustments 3 6,200 + 77 + 1,739 6,200 Other 332 - 4 + 51 326 Other F.R. liabilities and capital 13,252 - 52 + 347 13,024 -------------------------------------------------------- Total factors, other than reserve balances, absorbing reserve funds 450,643 + 1,260 + 17,637 452,034 Reserve balances with F.R. Banks 4 15,650 - 3,453 - 4,909 15,012 ---------------------------------------------------------------------------------------------------------------- On June 26, 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 $ 549,345 million, a change of - $ 4,058 million for the week. The total includes the face value of U.S. Treasury strips and other zero coupon bonds. 1 Net of $ 12,901 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 12,901 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. government securities. 2 Net of $ 12,873 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 12,873 million was with foreign official and international accounts. Includes $ 122 million securities loaned--fully secured U.S. government securities. 3 Consists of required clearing balances of $ 5,912 million and adjustments of $ 289 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 Jun 26, 1996 Jun 19, 1996 Jun 28, 1995 ---------------------------------------------------------------- ASSETS Gold certificate account 11,050 - 1 - 3 Special drawing rights certificate account 10,168 0 + 2,150 Coin 536 - 6 + 169 Loans 258 - 3,593 + 30 Acceptances 0 0 0 Federal agency obligations Bought outright 2,388 0 - 708 Held under repurchase agreements 1 0 - 195 0 U.S. government securities Bought outright--Bills 185,978 - 239 + 4,114 Notes 150,102 0 + 3,104 Bonds 46,443 0 + 2,764 ---------- ---------- ---------- Total bought outright 2 382,522 - 239 + 9,983 Held under repurchase agreements 1 4,226 - 8,485 + 1,080 ---------- ---------- ---------- Total U.S. government securities 386,748 - 8,724 + 11,063 ---------- ---------- ---------- Total loans and securities 389,394 - 12,512 + 10,385 Items in process of collection (513) 6,162 - 222 + 1,056 Bank premises 1,182 0 + 85 Other assets 3 29,919 - 188 - 3,384 ---------- ---------- ---------- TOTAL ASSETS (513) 448,412 - 12,928 + 10,456 LIABILITIES Federal Reserve notes 401,149 + 981 + 14,291 Deposits Depository institutions 21,067 - 14,389 - 4,436 U.S. Treasury--general account 7,290 + 1,148 - 432 Foreign--official accounts 163 - 4 - 97 Other 326 0 + 44 ---------- ---------- ---------- Total deposits 28,845 - 13,246 - 4,921 Deferred availability cash items (513) 5,393 - 547 + 758 Other liabilities and accrued dividends 4 4,314 - 102 - 296 ---------- ---------- ---------- TOTAL LIABILITIES (513) 439,701 - 12,913 + 9,832 CAPITAL ACCOUNTS Capital paid in 4,138 - 10 + 324 Surplus 3,966 0 + 283 Other capital accounts 607 - 5 + 18 ---------------------------------------------------------------------------------------------------------------- * 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 $ 12,873 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 122 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 $ 141 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 26, 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 245 0 Within 15 days 18,573 - 3,293 307 - 159 16 days to 90 days 13 0 16 days to 90 days 92,628 - 515 493 - 37 Over 90 days 0 0 91 days to 1 year 112,191 - 4,915 612 0 Over 1 year to 5 years 91,694 0 485 0 Over 5 years to 10 years 32,941 0 467 0 Over 10 years 38,721 0 25 0 ---------- ---------- ---------- ---------- ---------- ---------- Total 258 0 Total 386,748 - 8,724 2,388 - 195 ---------------------------------------------------------------------------------------------------------------- Components may not add to totals due to rounding. 1 H.4.1 (b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 26, 1996 Millions of dollars ---------------------------------------------------------------------------------------------------------------------------------------------------------- | Total | Boston | New York| Phila. | Cleve.| Rich. |Atlanta| Chicago |S.Louis| Minneap.|KansasC| Dallas|San Fran. ----------------------------------------------------------------------------------------------------------------------- ASSETS Gold certificate account 11,050 661 4,051 423 624 919 769 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 536 23 24 33 24 86 73 48 31 22 50 39 84 Loans 258 8 0 5 0 0 14 32 50 99 31 11 9 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 agreements 1 0 0 0 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright--Bills 185,978 10,943 69,164 7,198 10,931 15,422 12,411 20,155 8,712 2,805 5,825 6,660 15,752 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 2,730 3,851 3,099 5,033 2,176 700 1,455 1,663 3,934 ----------------------------------------------------------------------------------------------------------------------- Total bought outright 2 382,522 22,507 142,258 14,805 22,483 31,720 25,528 41,455 17,920 5,769 11,982 13,697 32,398 Held under repurchase agreements 1 4,226 0 4,226 0 0 0 0 0 0 0 0 0 0 ----------------------------------------------------------------------------------------------------------------------- Total U.S. govt. securities 386,748 22,507 146,484 14,805 22,483 31,720 25,528 41,455 17,920 5,769 11,982 13,697 32,398 ----------------------------------------------------------------------------------------------------------------------- Total loans and securities 389,394 22,655 147,372 14,902 22,623 31,918 25,701 41,746 18,081 5,904 12,088 13,794 32,610 Items in process of collection 6,675 337 976 259 257 503 654 1,048 257 454 382 317 1,230 Bank premises 1,182 94 146 49 88 127 81 111 31 84 56 156 159 Other assets 3 29,919 1,381 9,423 1,299 1,814 2,371 2,559 3,454 905 642 1,047 1,564 3,461 Interdistrict settlement account 0 +196 -15,387 -1,704 +3,703 +7,433 +1,005 -2,107 -2,907 +0 -1,421 -573 +11,762 ----------------------------------------------------------------------------------------------------------------------- TOTAL ASSETS 448,925 25,858 150,509 15,672 29,717 44,147 31,365 46,520 17,360 7,455 12,864 16,106 51,349 ----------------------------------------------------------------------------------------------------------------------- 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 $ 12,873 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 122 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 $ 141 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 JUNE 26, 1996 Millions of dollars ---------------------------------------------------------------------------------------------------------------------------------------------------------- | Total | Boston | New York| Phila. | Cleve.| Rich. |Atlanta| Chicago |S.Louis| Minneap.|KansasC| Dallas|San Fran. ----------------------------------------------------------------------------------------------------------------------- LIABILITIES Federal Reserve notes 401,149 23,767 132,183 13,978 27,956 41,113 27,940 41,820 15,921 6,091 11,238 13,585 45,558 Deposits Depository institutions 21,067 966 6,281 854 666 1,496 1,516 2,510 773 605 737 1,578 3,085 U.S. Treasury--general account 7,290 0 7,290 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 163 6 58 7 9 11 14 17 4 4 5 9 20 Other 326 0 115 0 2 60 1 142 0 1 1 1 1 ----------------------------------------------------------------------------------------------------------------------- Total deposits 28,845 972 13,743 861 678 1,567 1,532 2,669 776 610 744 1,587 3,106 Deferred credit items 5,906 521 717 249 274 503 709 509 227 450 352 246 1,150 Other liabilities and accrued dividends 1 4,314 252 1,493 187 248 348 308 459 203 96 168 173 379 ----------------------------------------------------------------------------------------------------------------------- TOTAL LIABILITIES 440,214 25,512 148,135 15,276 29,156 43,531 30,488 45,457 17,127 7,247 12,501 15,591 50,192 CAPITAL ACCOUNTS Capital paid in 4,138 161 1,102 190 268 292 425 510 107 101 175 251 555 Surplus 3,966 171 1,057 190 259 292 389 473 98 99 152 246 542 Other capital accounts 607 14 215 16 35 33 63 81 28 8 36 17 60 ----------------------------------------------------------------------------------------------------------------------- ACCOUNTS 448,925 25,858 150,509 15,672 29,717 44,147 31,365 46,520 17,360 7,455 12,864 16,106 51,349 ---------------------------------------------------------------------------------------------------------------------------------------------------------- FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 518,513 28,896 187,677 17,522 30,951 47,640 34,749 49,473 18,415 7,020 12,883 20,863 62,424 Less--Held by F.R. Banks 117,364 5,129 55,494 3,544 2,995 6,527 6,810 7,654 2,494 929 1,645 7,278 16,866 ----------------------------------------------------------------------------------------------------------------------- F.R. notes, net 401,149 23,767 132,183 13,978 27,956 41,113 27,940 41,820 15,921 6,091 11,238 13,585 45,558 Collateral held against F.R. notes Gold certificate account 11,050 Special drawing rights certificate account 10,168 Other eligible assets 0 U.S. govt. and agency securities 379,931 ------------ Total collateral 401,149 ----------------------------------------------------------------------------------------------------------------------- 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.