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 November 6, 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 Nov 5, 1997 Oct 29, 1997 Nov 6, 1996 Nov 5, 1997 Reserve Bank Credit (1,2) 457,793 + 4,251 + 29,670 463,662 U.S. government securities Bought outright-system account (3) 411,705 - 3,137 + 25,218 413,046 Held under repurchase agreements 10,222 + 6,539 + 5,319 12,815 Federal agency obligations Bought outright 699 - 16 - 1,547 685 Held under repurchase agreements 1,356 + 43 - 518 1,379 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 132 + 121 + 122 844 Seasonal credit 143 - 47 + 17 121 Extended credit 0 0 0 0 Float 480 - 106 - 24 1357 Other F.R. assets 33,056 + 855 + 1,083 33,415 Gold stock 11,050 - 1 + 1 11,051 Special drawing rights certificate account 9,200 0 - 518 9,200 Treasury currency outstanding 25,558 + 14 + 693 25,558 Total factors supplying reserve funds 503,601 + 4,264 + 29,846 509,471 Currency in circulation* 462,562 + 1,971 + 28,769 464,536 Treasury cash holdings* 239 0 - 41 248 Deposits,other than reserve balances,with F.R.Banks Treasury 5,225 - 643 + 211 5,180 Foreign 190 + 24 + 20 186 Service-related balances and adjustments (4) 6,966 + 54 - 38 6,966 Other 343 - 40 - 27 352 Other F.R. liabilities and capital 16,274 + 223 + 2,214 16,085 Total factors, other than reserve balances, absorbing reserve funds 491,799 + 1,589 + 31,108 493,552 Reserve balances with F.R. Banks (5) 11,802 + 2,675 - 1,262 15,920 On November 5, 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 $ 626,435 million, a change of + $ 5,334 million for the week. The total includes the face value of U.S. Treasury strips and other zero coupon bonds. 1 Net of $ 17,035 million daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 17,035 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. government securities. 2 Net of $ 15,694 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 15,694 million was with foreign official and international accounts. Includes $ 160 million securities loaned--fully secured U.S. government securities. 3 Includes $ 1,550 million of inflation-indexed securities valued at the original face amount and $ 15 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Consists of required clearing balances of $ 6,791 million and adjustments of $ 175 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 Nov 5, 1997 Oct 29, 1997 Nov 6, 1996 ASSETS Gold certificate account 11,051 0 + 1 Special drawing rights certificate account 9,200 0 - 518 Coin 513 - 4 - 105 Loans 966 + 781 + 852 Acceptances 0 0 0 Federal agency obligations Bought outright 685 - 26 - 1,562 Held under repurchase agreements (1) 1,379 - 465 - 996 U.S. government securities Bought outright--Bills 193,911 - 1,051 + 6,805 Notes (2) 163,076 + 1 + 10,685 Bonds 56,059 0 + 8,190 Total bought outright (3) 413,046 - 1,050 + 25,680 Held under repurchase agreements (1) 12,815 + 8,340 + 5,545 Total U.S. government securities 425,861 + 7,290 + 31,225 Total loans and securities 428,890 + 7,580 + 29,519 Items in process of collection (404) 8,729 + 2,728 + 980 Bank premises 1,273 0 + 57 Other assets (4) 32,132 + 653 + 907 TOTAL ASSETS (404) 491,787 + 10,957 + 30,841 LIABILITIES Federal Reserve notes 439,738 + 2,401 + 28,010 Deposits Depository institutions 23,208 + 6,821 + 206 U.S. Treasury--general account 5,180 + 89 - 594 Foreign--official accounts 186 - 5 + 20 Other (10) 352 - 85 - 10 Total deposits (10) 28,926 + 6,820 - 377 Deferred availability cash items (394) 7,039 + 1,421 + 990 Other liabilities and accrued dividends (5) 4,826 + 2 + 383 TOTAL LIABILITIES (404) 480,529 + 10,645 + 29,006 CAPITAL ACCOUNTS Capital paid in 5,280 + 8 + 703 Surplus 4,389 0 + 528 Other capital accounts 1,590 + 304 + 604 *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 $ 1,550 million of inflation-indexed securities valued at the original face amount and $ 15 million of compensation that adjusts for the effects of inflation on the principal of such securities. 3 Net of $ 15,694 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 160 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 $ 154 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, NOVEMBER 5, 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 878 0 Within 15 days 27,740 + 11,145 1379 + 428 16 days to 90 87 0 16 days to 90 days 85,199 - 2,757 0 - 604 Over 90 days 0 0 91 days to 1 year 138,813 - 33 202 - 111 Over 1 year to 5 years 90,291 - 1,066 203 - 227 Over 5 years to 10 years 38,430 + 1 255 - 192 Over 10 years 45,389 0 25 0 Total 966 0 Total 425,861 + 7,290 2064 - 705 1 Includes $ 1,550 million of inflation-indexed securities valued at the original face amount and $ 15 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 NOVEMBER 5, 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 11,051 624 3,938 350 669 965 723 1,069 401 147 286 459 1,420 Special drawing rights certif. acct. 9,200 530 3,202 282 574 792 602 900 340 123 247 367 1,241 Coin 513 29 19 55 30 70 63 62 16 22 25 45 76 Loans 966 0 0 0 0 0 1 15 25 854 32 2 37 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Federal agency obligations Bought outright 685 42 221 23 47 65 46 73 27 10 20 25 86 Held under repurchase agreements(1) 1,379 0 1,379 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright--Bills 193,911 11,821 62,721 6,483 13,413 18,450 12,940 20,683 7,723 2,701 5,537 7,042 24,397 Notes (2) 163,076 9,942 52,747 5,452 11,280 15,516 10,882 17,394 6,495 2,271 4,657 5,922 20,518 Bonds 56,059 3,417 18,132 1,874 3,878 5,334 3,741 5,980 2,233 781 1,601 2,036 7,053 Total bought outright(3) 413,046 25,180 133,600 13,808 28,571 39,300 27,563 44,057 16,451 5,752 11,794 15,000 51,968 Held under repurchase agreements(1) 12,815 0 12,815 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 425,861 25,180 146,415 13,808 28,571 39,300 27,563 44,057 16,451 5,752 11,794 15,000 51,968 Total loans and securities 428,890 25,222 148,016 13,831 28,618 39,365 27,610 44,145 16,504 6,616 11,845 15,027 52,092 Items in process of collection 9,133 517 855 314 319 611 1,663 914 298 739 377 417 2,110 Bank premises 1,273 94 154 50 125 126 78 108 31 144 55 150 159 Other assets(4) 32,132 1,358 10,283 1,458 1,918 2,424 2,453 3,434 892 598 1,019 1,431 4,864 Interdistrict settlement account -0 -2771 16132 -2707 -1669 -6519 -810 -3498 -1334 -1792 852 4353 -236 TOTAL ASSETS 492,191 25,602 182,598 13,634 30,584 37,834 32,381 47,133 17,148 6,596 14,706 22,249 61,725 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 $ 1,550 million of inflation-indexed securities valued at the original face amount and $ 15 million of compensation that adjusts for the effects of inflation on the principal of such securities. 3 Net of $ 15,694 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 160 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 $ 154 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 NOVEMBER 5, 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 439,738 23,014 168,692 11,744 27,615 32,531 28,385 41,309 15,593 4,472 13,013 19,304 54,065 Deposits Depository institutions 23,208 1,402 3,848 859 1,606 2,486 2,084 3,421 876 1,017 778 1,784 3,047 U.S. Treasury--general account 5,180 0 5,180 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 186 5 75 9 9 10 13 17 4 3 5 8 28 Other 361 0 102 1 1 87 11 155 0 0 2 1 1 Total deposits 28,935 1,407 9,206 868 1,617 2,583 2,109 3,593 880 1,021 785 1,792 3,075 Deferred credit items 7,434 477 788 242 268 607 771 644 235 601 424 391 1,983 Other liabilities and accrued dividends (1) 4,826 287 1,525 187 319 442 337 500 199 101 168 191 569 TOTAL LIABILITIES 480,933 25,186 180,211 13,042 29,818 36,163 31,603 46,046 16,908 6,196 14,390 21,679 59,693 CAPITAL ACCOUNTS Capital paid in 5,280 194 1,107 287 365 812 316 515 110 198 125 275 976 Surplus 4,389 164 999 262 279 303 405 512 109 101 167 244 845 Other capital accounts 1,590 59 282 44 122 556 57 61 21 101 24 51 212 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 492,191 25,602 182,598 13,634 30,584 37,834 32,381 47,133 17,148 6,596 14,706 22,249 61,725 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 547,718 29,181 205,050 15,544 32,122 39,273 37,380 50,012 17,851 6,141 15,448 26,367 73,349 Less--Held by F.R. Banks 107,980 6,167 36,358 3,800 4,508 6,742 8,995 8,703 2,257 1,669 2,435 7,063 19,284 F.R. notes, net 439,738 23,014 168,692 11,744 27,615 32,531 28,385 41,309 15,593 4,472 13,013 19,304 54,065 Collateral held against F.R. notes Gold certificate account 11,051 Special drawing rights certificate account 9,200 Other eligible assets 0 U.S. govt. and agency securities 419,487 Total collateral 439,738 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.