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 10, 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 9, 1996 Oct 2, 1996 Oct 11, 1995 Oct 9, 1996 ________________________________________________________________________________________________________________ Reserve Bank credit 1 2 424,192 - 1,690 + 12,447 429,775 U.S. government securities Bought outright--system account 387,293 + 1,038 + 15,814 387,584 Held under repurchase agreements 2,047 - 1,486 - 1,505 6,196 Federal agency obligations Bought outright 2,309 0 - 586 2,309 Held under repurchase agreements 538 - 465 + 538 1,104 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 16 - 223 - 104 24 Seasonal credit 246 - 56 + 22 231 Extended credit 0 0 0 0 Float 412 - 188 - 530 763 Other F.R. assets 31,329 - 310 - 1,204 31,564 Gold stock 11,050 0 - 1 11,049 Special drawing rights certificate account 9,718 0 - 450 9,718 Treasury currency outstanding 24,707 + 14 + 917 24,707 -------------------------------------------------------- Total factors supplying reserve funds 469,666 - 1,676 + 12,913 475,250 Currency in circulation* 431,802 + 1,477 + 19,177 433,389 Treasury cash holdings* 293 + 6 - 25 294 Deposits, other than reserve balances, with F.R. Banks Treasury 4,529 - 2,286 - 1,101 4,722 Foreign 168 - 21 0 165 Service-related balances and adjustments 3 6,483 - 58 + 1,740 6,483 Other 370 - 4 + 21 363 Other F.R. liabilities and capital 13,511 - 411 + 548 13,664 -------------------------------------------------------- Total factors, other than reserve balances, absorbing reserve funds 457,155 - 1,298 + 20,360 459,081 Reserve balances with F.R. Banks 4 12,511 - 378 - 7,448 16,169 ---------------------------------------------------------------------------------------------------------------- On October 9, 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 $ 588,066 million, a change of - $ 2,983 million for the week. The total includes the face value of U.S. Treasury strips and other zero coupon bonds. 1 Net of $ 11,819 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 11,819 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. government securities. 2 Net of $ 11,527 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 11,527 million was with foreign official and international accounts. Includes $ 55 million securities loaned--fully secured U.S. government securities. 3 Consists of required clearing balances of $ 6,271 million and adjustments of $ 212 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 9, 1996 Oct 2, 1996 Oct 11, 1995 ---------------------------------------------------------------- ASSETS Gold certificate account 11,049 0 - 1 Special drawing rights certificate account 9,718 0 - 450 Coin 607 + 12 + 178 Loans 254 - 30 - 805 Acceptances 0 0 0 Federal agency obligations Bought outright 2,309 0 - 586 Held under repurchase agreements 1 1,104 + 660 + 1,104 U.S. government securities Bought outright--Bills 187,323 + 627 + 5,473 Notes 152,392 0 + 4,488 Bonds 47,869 0 + 5,196 ---------- ---------- ---------- Total bought outright 2 387,584 + 627 + 15,157 Held under repurchase agreements 1 6,196 + 4,841 + 1,363 ---------- ---------- ---------- Total U.S. government securities 393,780 + 5,468 + 16,520 ---------- ---------- ---------- Total loans and securities 397,448 + 6,098 + 16,234 Items in process of collection (406) 6,930 - 528 - 2,851 Bank premises 1,207 0 + 90 Other assets 3 30,426 + 553 - 779 ---------- ---------- ---------- TOTAL ASSETS (406) 457,385 + 6,134 + 12,419 LIABILITIES Federal Reserve notes 409,583 + 1,802 + 18,865 Deposits Depository institutions 23,127 + 5,680 - 4,745 U.S. Treasury--general account 4,722 - 705 - 369 Foreign--official accounts 165 - 18 0 Other 363 - 16 + 17 ---------- ---------- ---------- Total deposits 28,378 + 4,941 - 5,097 Deferred availability cash items (406) 5,761 - 1,022 - 2,367 Other liabilities and accrued dividends 4 4,411 - 20 + 29 ---------- ---------- ---------- TOTAL LIABILITIES (406) 448,133 + 5,701 + 11,430 CAPITAL ACCOUNTS Capital paid in 4,532 - 4 + 609 Surplus 3,860 + 10 + 177 Other capital accounts 861 + 426 + 202 ---------------------------------------------------------------------------------------------------------------- * 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 $ 11,527 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 55 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 $ 155 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 9, 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 62 0 Within 15 days 19,860 + 4,939 1,254 + 710 16 days to 90 days 192 0 16 days to 90 days 90,454 + 729 796 + 230 Over 90 days 0 0 91 days to 1 year 113,926 - 200 432 - 280 Over 1 year to 5 years 95,531 0 440 0 Over 5 years to 10 years 33,653 0 467 0 Over 10 years 40,356 0 25 0 ---------- ---------- ---------- ---------- ---------- ---------- Total 254 0 Total 393,780 + 5,468 3,413 + 660 ---------------------------------------------------------------------------------------------------------------- Components may not add to totals due to rounding. 1 H.4.1 (b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 9, 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 607 17 22 40 29 106 89 65 28 19 65 52 76 Loans 254 0 0 0 0 0 3 40 46 97 58 4 7 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Federal agency obligations Bought outright 2,309 136 859 89 136 192 154 250 108 35 72 83 196 Held under repurchase agreements 1 1,104 0 1,104 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright--Bills 187,323 11,022 69,665 7,250 11,010 15,534 12,501 20,301 8,775 2,825 5,868 6,708 15,866 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 2 387,584 22,805 144,141 15,001 22,780 32,140 25,866 42,003 18,157 5,845 12,140 13,879 32,827 Held under repurchase agreements 1 6,196 0 6,196 0 0 0 0 0 0 0 0 0 0 ----------------------------------------------------------------------------------------------------------------------- Total U.S. govt. securities 393,780 22,805 150,337 15,001 22,780 32,140 25,866 42,003 18,157 5,845 12,140 13,879 32,827 ----------------------------------------------------------------------------------------------------------------------- Total loans and securities 397,448 22,941 152,300 15,090 22,916 32,332 26,022 42,294 18,311 5,977 12,271 13,966 33,029 Items in process of collection 7,336 412 2,164 464 284 -455 886 603 268 552 353 363 1,444 Bank premises 1,207 94 147 48 97 128 82 110 30 99 55 155 161 Other assets 3 30,426 1,399 9,729 1,312 1,842 2,366 2,582 3,496 919 647 1,064 1,576 3,494 Interdistrict settlement account 0 +923 -30,712 -2,467 +6,753 +6,482 +814 +1,615 -2,386 -424 -593 -1,623 +21,619 ----------------------------------------------------------------------------------------------------------------------- TOTAL ASSETS 457,791 27,083 141,084 15,306 33,089 42,712 31,989 50,301 18,063 7,181 13,816 15,320 61,847 ----------------------------------------------------------------------------------------------------------------------- 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 $ 11,527 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 55 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 $ 155 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 9, 1996 Millions of dollars ---------------------------------------------------------------------------------------------------------------------------------------------------------- | Total | Boston | New York| Phila. | Cleve.| Rich. |Atlanta| Chicago |S.Louis| Minneap.|KansasC| Dallas|San Fran. ----------------------------------------------------------------------------------------------------------------------- LIABILITIES Federal Reserve notes 409,583 24,586 126,358 13,458 30,846 39,281 28,500 45,019 16,652 5,526 12,268 12,158 54,932 Deposits Depository institutions 23,127 1,496 5,288 1,064 1,158 1,689 1,542 2,994 743 846 700 2,203 3,405 U.S. Treasury--general account 4,722 0 4,722 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 165 6 60 7 9 11 14 17 4 4 5 9 20 Other 363 1 110 1 1 87 2 156 0 1 1 0 2 ----------------------------------------------------------------------------------------------------------------------- Total deposits 28,378 1,502 10,181 1,071 1,168 1,787 1,558 3,167 747 850 707 2,212 3,427 Deferred credit items 6,167 382 711 144 233 637 777 557 210 501 321 267 1,427 Other liabilities and accrued dividends 1 4,411 259 1,513 191 261 358 315 468 210 97 170 179 388 ----------------------------------------------------------------------------------------------------------------------- TOTAL LIABILITIES 448,538 26,729 138,762 14,864 32,508 42,063 31,150 49,211 17,819 6,975 13,466 14,816 60,174 CAPITAL ACCOUNTS Capital paid in 4,532 167 1,085 222 290 312 426 540 113 103 176 253 844 Surplus 3,860 166 1,028 185 252 284 379 460 95 96 148 240 527 Other capital accounts 861 21 209 35 39 53 34 90 35 7 26 11 301 ----------------------------------------------------------------------------------------------------------------------- ACCOUNTS 457,791 27,083 141,084 15,306 33,089 42,712 31,989 50,301 18,063 7,181 13,816 15,320 61,847 ---------------------------------------------------------------------------------------------------------------------------------------------------------- FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 532,375 30,253 179,537 16,335 34,012 47,374 36,155 53,623 20,420 6,954 14,459 21,745 71,509 Less--Held by F.R. Banks 122,792 5,667 53,179 2,877 3,166 8,093 7,656 8,603 3,767 1,428 2,191 9,588 16,576 ----------------------------------------------------------------------------------------------------------------------- F.R. notes, net 409,583 24,586 126,358 13,458 30,846 39,281 28,500 45,019 16,652 5,526 12,268 12,158 54,932 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 388,816 ------------ Total collateral 409,583 ----------------------------------------------------------------------------------------------------------------------- 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.