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 January 30, 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 Jan 29, 1997 Jan 22, 1997 Jan 31, 1996 Jan 29, 1997 ________________________________________________________________________________________________________________ Reserve Bank credit 1 2 436,220 + 2,064 + 26,665 444,590 U.S. government securities Bought outright--system account 391,955 + 297 + 18,084 391,933 Held under repurchase agreements 7,421 + 1,760 + 7,421 13,926 Federal agency obligations Bought outright 2,038 - 12 - 596 2,038 Held under repurchase agreements 1,680 - 128 + 1,680 2,530 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 15 0 + 5 65 Seasonal credit 18 + 2 + 13 15 Extended credit 0 0 0 0 Float 839 - 564 + 187 820 Other F.R. assets 32,253 + 707 - 129 33,263 Gold stock 11,048 0 - 5 11,048 Special drawing rights certificate account 9,445 - 273 - 723 9,400 Treasury currency outstanding 25,034 + 14 + 929 25,034 -------------------------------------------------------- Total factors supplying reserve funds 481,747 + 1,805 + 26,866 490,072 Currency in circulation* 439,729 - 1,967 + 27,334 439,731 Treasury cash holdings* 249 + 1 - 22 249 Deposits, other than reserve balances, with F.R. Banks Treasury 7,896 + 1,371 + 933 9,874 Foreign 177 - 37 - 30 199 Service-related balances and adjustments 3 7,083 - 491 + 766 7,083 Other 331 - 18 - 13 341 Other F.R. liabilities and capital 14,524 + 75 + 1,823 14,373 -------------------------------------------------------- Total factors, other than reserve balances, absorbing reserve funds 469,988 - 1,066 + 30,791 471,849 Reserve balances with F.R. Banks 4 11,759 + 2,871 - 3,925 18,223 ---------------------------------------------------------------------------------------------------------------- On January 29, 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 $ 619,362 million, a change of + $ 3,059 million for the week. The total includes the face value of U.S. Treasury strips and other zero coupon bonds. 1 Net of $ 13,051 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 13,051 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. government securities. 2 Net of $ 13,073 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 13,073 million was with foreign official and international accounts. Includes $ 60 million securities loaned--fully secured U.S. government securities. 3 Consists of required clearing balances of $ 6,688 million and adjustments of $ 395 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 Jan 29, 1997 Jan 22, 1997 Jan 31, 1996 ---------------------------------------------------------------- ASSETS Gold certificate account 11,048 0 - 5 Special drawing rights certificate account 9,400 - 318 - 768 Coin 676 + 24 + 163 Loans 80 + 56 + 65 Acceptances 0 0 0 Federal agency obligations Bought outright 2,038 0 - 596 Held under repurchase agreements 1 2,530 + 980 + 2,530 U.S. government securities Bought outright--Bills 192,279 + 61 + 7,925 Notes 150,315 0 + 530 Bonds 49,339 0 + 5,270 ---------- ---------- ---------- Total bought outright 2 391,933 + 61 + 13,725 Held under repurchase agreements 1 13,926 + 9,680 + 13,926 ---------- ---------- ---------- Total U.S. government securities 405,859 + 9,741 + 27,651 ---------- ---------- ---------- Total loans and securities 410,507 + 10,777 + 29,650 Items in process of collection (339) 6,276 - 6,555 - 99 Bank premises 1,236 + 1 + 102 Other assets 3 32,095 + 1,705 + 1,849 ---------- ---------- ---------- TOTAL ASSETS (339) 471,238 + 5,635 + 30,893 LIABILITIES Federal Reserve notes 415,621 - 1,752 + 26,251 Deposits Depository institutions 25,288 + 9,966 + 166 U.S. Treasury--general account 9,874 + 1,296 + 1,664 Foreign--official accounts 199 + 29 + 34 Other 341 + 2 - 65 ---------- ---------- ---------- Total deposits 35,702 + 11,294 + 1,799 Deferred availability cash items (339) 5,542 - 3,968 + 304 Other liabilities and accrued dividends 4 4,654 + 63 + 473 ---------- ---------- ---------- TOTAL LIABILITIES (339) 461,519 + 5,636 + 28,826 CAPITAL ACCOUNTS Capital paid in 4,692 + 3 + 696 Surplus 4,496 0 + 841 Other capital accounts 531 - 3 + 531 ---------------------------------------------------------------------------------------------------------------- * 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 $ 13,073 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 60 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 $ 130 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, JANUARY 29, 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 securities obligations -------------------------------------------- Loans Acceptances Weekly Weekly Holdings changes Holdings changes ---------------------------------------------------------------------------------------------------------------- Within 15 days 80 0 Within 15 days 28,394 + 9,734 2,691 + 980 16 days to 90 days 0 0 16 days to 90 days 84,017 - 268 650 + 14 Over 90 days 0 0 91 days to 1 year 123,110 + 275 226 - 14 Over 1 year to 5 years 94,730 0 520 0 Over 5 years to 10 years 33,782 0 457 0 Over 10 years 41,826 0 25 0 ---------- ---------- ---------- ---------- ---------- ---------- Total 80 0 Total 405,859 + 9,741 4,568 + 980 ---------------------------------------------------------------------------------------------------------------- Components may not add to totals due to rounding. 1 H.4.1 (b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JANUARY 29, 1997 Millions of dollars ---------------------------------------------------------------------------------------------------------------------------------------------------------- | Total | Boston | New York| Phila. | Cleve.| Rich. |Atlanta| Chicago |S.Louis| Minneap.|KansasC| Dallas|San Fran. ----------------------------------------------------------------------------------------------------------------------- ASSETS Gold certificate account 11,048 661 4,049 423 624 919 769 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 676 20 24 48 29 125 96 80 36 23 59 59 78 Loans 80 2 0 32 0 0 0 6 32 0 6 2 0 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 2,530 0 2,530 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright--Bills 192,279 11,313 71,508 7,442 11,301 15,945 12,832 20,838 9,008 2,900 6,023 6,885 16,285 Notes 150,315 8,844 55,902 5,818 8,835 12,465 10,031 16,290 7,042 2,267 4,708 5,383 12,731 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 2 391,933 23,061 145,758 15,169 23,036 32,501 26,156 42,475 18,361 5,911 12,277 14,034 33,195 Held under repurchase agreements 1 13,926 0 13,926 0 0 0 0 0 0 0 0 0 0 ----------------------------------------------------------------------------------------------------------------------- Total U.S. govt. securities 405,859 23,061 159,684 15,169 23,036 32,501 26,156 42,475 18,361 5,911 12,277 14,034 33,195 ----------------------------------------------------------------------------------------------------------------------- Total loans and securities 410,507 23,183 162,972 15,279 23,156 32,670 26,292 42,701 18,488 5,942 12,347 14,109 33,368 Items in process of collection 6,615 495 843 244 341 478 645 645 348 439 414 396 1,327 Bank premises 1,236 95 151 50 108 128 80 110 31 114 56 155 160 Other assets 3 32,095 1,306 10,609 1,540 1,807 2,321 2,470 3,433 932 612 1,057 1,450 4,558 Interdistrict settlement account 0 +601 -16,690 -3,468 +4,368 +3,521 -2,105 -1,154 -3,182 -917 -1,182 +1,059 +19,148 ----------------------------------------------------------------------------------------------------------------------- TOTAL ASSETS 471,577 26,901 165,229 14,406 31,019 40,970 28,862 47,875 17,476 6,505 13,324 18,037 60,973 ----------------------------------------------------------------------------------------------------------------------- 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 $ 13,073 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 60 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 $ 130 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 JANUARY 29, 1997 Millions of dollars ---------------------------------------------------------------------------------------------------------------------------------------------------------- | Total | Boston | New York| Phila. | Cleve.| Rich. |Atlanta| Chicago |S.Louis| Minneap.|KansasC| Dallas|San Fran. ----------------------------------------------------------------------------------------------------------------------- LIABILITIES Federal Reserve notes 415,621 24,111 142,432 12,625 28,820 37,349 25,269 42,721 16,027 5,188 11,702 15,352 54,027 Deposits Depository institutions 25,288 1,721 8,058 810 1,098 2,014 1,551 2,898 756 556 714 1,680 3,432 U.S. Treasury--general account 9,874 0 9,874 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 199 5 88 9 9 10 13 17 4 3 5 8 28 Other 341 1 122 1 3 69 8 132 0 1 2 1 2 ----------------------------------------------------------------------------------------------------------------------- Total deposits 35,702 1,727 18,142 819 1,110 2,094 1,572 3,046 760 560 721 1,690 3,461 Deferred credit items 5,881 409 665 208 221 484 763 520 228 440 361 293 1,291 Other liabilities and accrued dividends 1 4,654 268 1,693 195 262 369 320 483 216 99 175 180 395 ----------------------------------------------------------------------------------------------------------------------- TOTAL LIABILITIES 461,858 26,514 162,931 13,847 30,413 40,296 27,923 46,770 17,230 6,287 12,959 17,514 59,174 CAPITAL ACCOUNTS Capital paid in 4,692 182 1,076 273 294 318 461 539 115 107 178 257 891 Surplus 4,496 168 1,023 268 286 310 415 524 112 104 171 250 865 Other capital accounts 531 37 198 17 27 46 63 41 20 7 16 15 43 ----------------------------------------------------------------------------------------------------------------------- ACCOUNTS 471,577 26,901 165,229 14,406 31,019 40,970 28,862 47,875 17,476 6,505 13,324 18,037 60,973 ---------------------------------------------------------------------------------------------------------------------------------------------------------- FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 523,096 29,922 185,297 15,846 32,354 44,297 33,713 50,640 19,058 6,870 13,862 21,239 69,999 Less--Held by F.R. Banks 107,475 5,812 42,865 3,221 3,533 6,948 8,444 7,919 3,032 1,682 2,159 5,887 15,972 ----------------------------------------------------------------------------------------------------------------------- F.R. notes, net 415,621 24,111 142,432 12,625 28,820 37,349 25,269 42,721 16,027 5,188 11,702 15,352 54,027 Collateral held against F.R. notes Gold certificate account 11,048 Special drawing rights certificate account 9,400 Other eligible assets 0 U.S. govt. and agency securities 395,174 ------------ Total collateral 415,621 ----------------------------------------------------------------------------------------------------------------------- 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.