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 September 5, 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 Sep 4, 1996 Aug 28, 1996 Sep 6, 1995 Sep 4, 1996 ________________________________________________________________________________________________________________ Reserve Bank credit 1 2 428,173 + 2,832 + 19,010 428,028 U.S. government securities Bought outright--system account 387,122 - 115 + 16,308 387,506 Held under repurchase agreements 4,993 + 2,371 + 1,938 3,195 Federal agency obligations Bought outright 2,336 0 - 605 2,336 Held under repurchase agreements 1,309 + 9 + 1,209 1,495 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 141 + 105 + 102 321 Seasonal credit 324 - 13 + 77 304 Extended credit 0 0 0 0 Float 713 + 216 + 360 1,865 Other F.R. assets 31,236 + 260 - 379 31,006 Gold stock 11,050 0 - 3 11,050 Special drawing rights certificate account 9,718 0 - 800 9,718 Treasury currency outstanding 24,637 + 14 + 955 24,637 -------------------------------------------------------- Total factors supplying reserve funds 473,579 + 2,847 + 19,162 473,433 Currency in circulation* 432,427 + 3,249 + 20,416 434,135 Treasury cash holdings* 277 + 7 - 39 277 Deposits, other than reserve balances, with F.R. Banks Treasury 5,347 + 75 + 265 5,825 Foreign 172 - 22 0 171 Service-related balances and adjustments 3 6,275 - 223 + 1,436 6,275 Other 313 + 3 - 49 357 Other F.R. liabilities and capital 14,016 - 82 + 2,571 13,641 -------------------------------------------------------- Total factors, other than reserve balances, absorbing reserve funds 458,828 + 3,007 + 24,600 460,681 Reserve balances with F.R. Banks 4 14,751 - 160 - 5,437 12,752 ---------------------------------------------------------------------------------------------------------------- On September 4, 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 $ 580,109 million, a change of + $ 16,008 million for the week. The total includes the face value of U.S. Treasury strips and other zero coupon bonds. 1 Net of $ 11,989 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 11,989 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. government securities. 2 Net of $ 11,606 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 11,606 million was with foreign official and international accounts. Includes $ 44 million securities loaned--fully secured U.S. government securities. 3 Consists of required clearing balances of $ 6,072 million and adjustments of $ 204 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 Sep 4, 1996 Aug 28, 1996 Sep 6, 1995 ---------------------------------------------------------------- ASSETS Gold certificate account 11,050 0 - 3 Special drawing rights certificate account 9,718 0 - 800 Coin 531 - 22 + 181 Loans 625 + 243 + 374 Acceptances 0 0 0 Federal agency obligations Bought outright 2,336 0 - 605 Held under repurchase agreements 1 1,495 - 283 + 1,395 U.S. government securities Bought outright--Bills 187,245 + 1,028 + 4,956 Notes 152,392 0 + 4,588 Bonds 47,869 0 + 5,296 ---------- ---------- ---------- Total bought outright 2 387,506 + 1,028 + 14,841 Held under repurchase agreements 1 3,195 - 4,377 + 140 ---------- ---------- ---------- Total U.S. government securities 390,701 - 3,349 + 14,981 ---------- ---------- ---------- Total loans and securities 395,157 - 3,390 + 16,145 Items in process of collection (499) 10,198 + 4,275 + 1,340 Bank premises 1,197 - 1 + 89 Other assets 3 29,903 - 234 - 671 ---------- ---------- ---------- TOTAL ASSETS (499) 457,754 + 628 + 16,281 LIABILITIES Federal Reserve notes 410,306 + 3,083 + 19,757 Deposits Depository institutions 19,169 - 5,394 - 7,301 U.S. Treasury--general account 5,825 - 33 + 760 Foreign--official accounts 171 - 45 + 3 Other 357 + 61 + 13 ---------- ---------- ---------- Total deposits 25,521 - 5,411 - 6,526 Deferred availability cash items (499) 8,286 + 3,269 + 960 Other liabilities and accrued dividends 4 4,397 - 128 - 81 ---------- ---------- ---------- TOTAL LIABILITIES (499) 448,510 + 812 + 14,111 CAPITAL ACCOUNTS Capital paid in 4,519 - 1 + 613 Surplus 3,966 0 + 826 Other capital accounts 759 - 184 + 732 ---------------------------------------------------------------------------------------------------------------- * 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 $ 11,606 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 44 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 $ 131 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, SEPTEMBER 4, 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 508 0 Within 15 days 17,452 - 29 1,520 - 580 16 days to 90 days 117 0 16 days to 90 days 89,039 - 3,854 891 + 327 Over 90 days 0 0 91 days to 1 year 115,174 + 519 454 - 30 Over 1 year to 5 years 95,027 + 15 475 0 Over 5 years to 10 years 33,653 0 467 0 Over 10 years 40,356 0 25 0 ---------- ---------- ---------- ---------- ---------- ---------- Total 625 0 Total 390,701 - 3,349 3,831 - 283 ---------------------------------------------------------------------------------------------------------------- Components may not add to totals due to rounding. 1 H.4.1 (b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER 4, 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. 9,718 636 3,385 396 543 835 745 979 419 144 280 399 957 Coin 531 14 19 36 28 90 76 55 29 18 42 50 75 Loans 625 0 280 0 0 0 9 36 73 122 49 5 50 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Federal agency obligations Bought outright 2,336 137 869 90 137 194 156 253 109 35 73 84 198 Held under repurchase agreements 1 1,495 0 1,495 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright--Bills 187,245 11,017 69,636 7,247 11,005 15,527 12,496 20,292 8,772 2,824 5,865 6,705 15,859 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 2 387,506 22,800 144,112 14,998 22,776 32,134 25,860 41,995 18,153 5,844 12,138 13,876 32,820 Held under repurchase agreements 1 3,195 0 3,195 0 0 0 0 0 0 0 0 0 0 ----------------------------------------------------------------------------------------------------------------------- Total U.S. govt. securities 390,701 22,800 147,307 14,998 22,776 32,134 25,860 41,995 18,153 5,844 12,138 13,876 32,820 ----------------------------------------------------------------------------------------------------------------------- Total loans and securities 395,157 22,938 149,950 15,088 22,913 32,327 26,026 42,284 18,336 6,002 12,261 13,964 33,069 Items in process of collection 10,697 600 1,544 513 417 1,010 1,195 915 573 749 661 501 2,021 Bank premises 1,197 94 147 48 94 127 81 110 30 94 55 155 161 Other assets 3 29,903 1,383 9,364 1,306 1,811 2,343 2,575 3,444 891 649 1,050 1,578 3,509 Interdistrict settlement account 0 +366 -25,802 -2,511 +5,951 +5,749 +960 -101 -3,959 -582 -1,325 -428 +21,682 ----------------------------------------------------------------------------------------------------------------------- TOTAL ASSETS 458,253 26,691 142,658 15,299 32,381 43,400 32,427 48,827 16,793 7,241 13,345 16,651 62,540 ----------------------------------------------------------------------------------------------------------------------- 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 $ 11,606 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 44 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 $ 131 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 SEPTEMBER 4, 1996 Millions of dollars ---------------------------------------------------------------------------------------------------------------------------------------------------------- | Total | Boston | New York| Phila. | Cleve.| Rich. |Atlanta| Chicago |S.Louis| Minneap.|KansasC| Dallas|San Fran. ----------------------------------------------------------------------------------------------------------------------- LIABILITIES Federal Reserve notes 410,306 24,447 128,336 13,579 30,264 39,766 28,613 43,733 15,379 5,694 11,334 14,137 55,022 Deposits Depository institutions 19,169 1,085 3,385 741 983 1,639 1,749 2,616 642 549 845 1,437 3,498 U.S. Treasury--general account 5,825 0 5,825 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 171 6 66 7 9 11 14 17 4 4 5 9 20 Other 357 0 110 0 1 102 2 132 0 1 1 1 5 ----------------------------------------------------------------------------------------------------------------------- Total deposits 25,521 1,091 9,385 748 993 1,752 1,765 2,766 646 553 852 1,446 3,523 Deferred credit items 8,785 541 1,085 341 328 888 871 795 325 693 631 387 1,902 Other liabilities and accrued dividends 1 4,397 262 1,502 193 256 359 313 470 210 96 171 176 387 ----------------------------------------------------------------------------------------------------------------------- TOTAL LIABILITIES 449,009 26,342 140,308 14,861 31,841 42,765 31,563 47,765 16,559 7,037 12,988 16,147 60,834 CAPITAL ACCOUNTS Capital paid in 4,519 167 1,122 217 265 312 427 521 110 102 175 252 849 Surplus 3,966 171 1,057 190 259 292 389 473 98 99 152 246 542 Other capital accounts 759 10 172 30 17 32 48 69 26 4 31 6 315 ----------------------------------------------------------------------------------------------------------------------- ACCOUNTS 458,253 26,691 142,658 15,299 32,381 43,400 32,427 48,827 16,793 7,241 13,345 16,651 62,540 ---------------------------------------------------------------------------------------------------------------------------------------------------------- FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 527,870 29,345 182,364 16,785 33,278 46,826 35,310 52,003 18,969 7,011 13,420 21,942 70,618 Less--Held by F.R. Banks 117,564 4,898 54,029 3,205 3,014 7,060 6,697 8,269 3,591 1,317 2,086 7,804 15,595 ----------------------------------------------------------------------------------------------------------------------- F.R. notes, net 410,306 24,447 128,336 13,579 30,264 39,766 28,613 43,733 15,379 5,694 11,334 14,137 55,022 Collateral held against F.R. notes Gold certificate account 11,050 Special drawing rights certificate account 9,718 Other eligible assets 0 U.S. govt. and agency securities 389,538 ------------ Total collateral 410,306 ----------------------------------------------------------------------------------------------------------------------- 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.