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 July 25, 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 Jul 24, 1996 Jul 17, 1996 Jul 26, 1995 Jul 24, 1996 ________________________________________________________________________________________________________________ Reserve Bank credit 1 2 419,281 - 5,929 + 12,209 419,953 U.S. government securities Bought outright--system account 382,763 - 630 + 14,318 382,967 Held under repurchase agreements 1,794 - 4,628 + 1,794 2,080 Federal agency obligations Bought outright 2,351 0 - 724 2,351 Held under repurchase agreements 414 - 596 + 414 700 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 16 + 11 + 11 17 Seasonal credit 299 + 16 + 58 310 Extended credit 0 0 0 0 Float 455 + 60 - 142 202 Other F.R. assets 31,189 - 162 - 3,521 31,325 Gold stock 11,050 0 - 3 11,050 Special drawing rights certificate account 10,168 0 - 350 10,168 Treasury currency outstanding 24,540 + 14 + 989 24,540 -------------------------------------------------------- Total factors supplying reserve funds 465,039 - 5,915 + 12,844 465,710 Currency in circulation* 427,409 - 1,536 + 17,746 427,679 Treasury cash holdings* 267 - 1 - 46 257 Deposits, other than reserve balances, with F.R. Banks Treasury 5,260 - 203 - 355 5,211 Foreign 173 - 2 - 38 167 Service-related balances and adjustments 3 6,393 + 371 + 1,989 6,393 Other 313 - 29 + 24 291 Other F.R. liabilities and capital 13,242 - 10 + 501 13,194 -------------------------------------------------------- Total factors, other than reserve balances, absorbing reserve funds 453,057 - 1,410 + 19,821 453,193 Reserve balances with F.R. Banks 4 11,981 - 4,505 - 6,976 12,517 ---------------------------------------------------------------------------------------------------------------- On July 24, 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 $ 553,814 million, a change of + $ 4,586 million for the week. The total includes the face value of U.S. Treasury strips and other zero coupon bonds. 1 Net of $ 12,633 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 12,633 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. government securities. 2 Net of $ 12,429 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 12,429 million was with foreign official and international accounts. Includes $ 0 million securities loaned--fully secured U.S. government securities. 3 Consists of required clearing balances of $ 5,971 million and adjustments of $ 422 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 Jul 24, 1996 Jul 17, 1996 Jul 26, 1995 ---------------------------------------------------------------- ASSETS Gold certificate account 11,050 0 - 3 Special drawing rights certificate account 10,168 0 - 350 Coin 508 + 14 + 148 Loans 327 + 23 + 75 Acceptances 0 0 0 Federal agency obligations Bought outright 2,351 0 - 712 Held under repurchase agreements 1 700 - 990 + 700 U.S. government securities Bought outright--Bills 186,422 - 397 + 8,278 Notes 150,102 0 + 3,404 Bonds 46,443 0 + 2,764 ---------- ---------- ---------- Total bought outright 2 382,967 - 397 + 14,446 Held under repurchase agreements 1 2,080 - 10,620 + 2,080 ---------- ---------- ---------- Total U.S. government securities 385,047 - 11,017 + 16,526 ---------- ---------- ---------- Total loans and securities 388,425 - 11,985 + 16,590 Items in process of collection (521) 5,830 - 736 + 220 Bank premises 1,191 + 1 + 94 Other assets 3 30,179 - 597 - 3,556 ---------- ---------- ---------- TOTAL ASSETS (521) 447,351 - 13,302 + 13,144 LIABILITIES Federal Reserve notes 403,905 - 1,254 + 16,609 Deposits Depository institutions 19,217 - 11,432 - 3,889 U.S. Treasury--general account 5,211 - 112 - 1,222 Foreign--official accounts 167 0 - 48 Other 291 - 71 + 13 ---------- ---------- ---------- Total deposits 24,886 - 11,615 - 5,147 Deferred availability cash items (521) 5,366 - 562 + 968 Other liabilities and accrued dividends 4 4,182 - 142 - 131 ---------- ---------- ---------- TOTAL LIABILITIES (521) 438,339 - 13,572 + 12,299 CAPITAL ACCOUNTS Capital paid in 4,421 + 262 + 561 Surplus 3,966 0 + 283 Other capital accounts 625 + 7 + 1 ---------------------------------------------------------------------------------------------------------------- * 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 $ 982 million was outstanding at the end of the latest statement week. 2 Net of $ 12,429 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 0 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 $ 68 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, JULY 24, 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 301 0 Within 15 days 17,531 - 10,241 871 - 990 16 days to 90 days 26 0 16 days to 90 days 91,086 + 3,579 709 + 50 Over 90 days 0 0 91 days to 1 year 112,295 - 4,355 505 - 50 Over 1 year to 5 years 91,751 0 475 0 Over 5 years to 10 years 33,662 0 467 0 Over 10 years 38,721 0 25 0 ---------- ---------- ---------- ---------- ---------- ---------- Total 327 0 Total 385,047 - 11,017 3,051 - 990 ---------------------------------------------------------------------------------------------------------------- Components may not add to totals due to rounding. 1 H.4.1 (b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 24, 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 508 18 20 32 23 86 67 46 31 19 46 44 77 Loans 327 7 0 1 0 0 10 35 61 145 31 8 29 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Federal agency obligations Bought outright 2,351 138 875 91 138 195 157 255 110 35 74 84 199 Held under repurchase agreements 1 700 0 700 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright--Bills 186,422 10,969 69,329 7,215 10,957 15,459 12,441 20,203 8,733 2,812 5,839 6,675 15,789 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 2 382,967 22,533 142,424 14,822 22,509 31,757 25,558 41,503 17,940 5,776 11,996 13,713 32,436 Held under repurchase agreements 1 2,080 0 2,080 0 0 0 0 0 0 0 0 0 0 ----------------------------------------------------------------------------------------------------------------------- Total U.S. govt. securities 385,047 22,533 144,504 14,822 22,509 31,757 25,558 41,503 17,940 5,776 11,996 13,713 32,436 ----------------------------------------------------------------------------------------------------------------------- Total loans and securities 388,425 22,678 146,078 14,914 22,647 31,952 25,724 41,793 18,112 5,956 12,101 13,806 32,664 Items in process of collection 6,351 576 733 303 275 498 653 478 229 439 424 370 1,373 Bank premises 1,191 94 147 48 91 127 81 111 31 89 56 157 160 Other assets 3 30,179 1,403 9,519 1,315 1,836 2,396 2,586 3,417 922 648 1,063 1,579 3,496 Interdistrict settlement account 0 +86 -18,174 -2,136 +3,195 +6,294 +758 -492 -3,532 +539 -1,257 -610 +15,329 ----------------------------------------------------------------------------------------------------------------------- TOTAL ASSETS 447,872 26,027 146,277 15,312 29,276 43,061 31,161 47,571 16,756 8,038 13,094 16,156 55,142 ----------------------------------------------------------------------------------------------------------------------- 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 $ 982 million was outstanding at the end of the latest statement week. 2 Net of $ 12,429 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 0 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 $ 68 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 JULY 24, 1996 Millions of dollars ---------------------------------------------------------------------------------------------------------------------------------------------------------- | Total | Boston | New York| Phila. | Cleve.| Rich. |Atlanta| Chicago |S.Louis| Minneap.|KansasC| Dallas|San Fran. ----------------------------------------------------------------------------------------------------------------------- LIABILITIES Federal Reserve notes 403,905 24,046 131,793 13,753 27,592 40,406 27,987 42,724 15,555 6,088 11,316 13,805 48,840 Deposits Depository institutions 19,217 822 4,655 783 634 1,076 1,312 2,726 567 1,201 849 1,312 3,278 U.S. Treasury--general account 5,211 0 5,211 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 167 6 62 7 9 11 14 17 4 4 5 9 20 Other 291 1 111 1 2 93 7 69 0 1 1 0 3 ----------------------------------------------------------------------------------------------------------------------- Total deposits 24,886 829 10,039 791 645 1,180 1,333 2,812 571 1,206 856 1,322 3,301 Deferred credit items 5,886 554 640 189 233 509 660 499 192 438 393 345 1,234 Other liabilities and accrued dividends 1 4,182 249 1,415 183 244 346 299 450 201 97 164 168 365 ----------------------------------------------------------------------------------------------------------------------- TOTAL LIABILITIES 438,859 25,679 143,887 14,915 28,714 42,441 30,280 46,486 16,520 7,829 12,729 15,639 53,740 CAPITAL ACCOUNTS Capital paid in 4,421 161 1,118 190 268 293 426 520 110 101 176 252 805 Surplus 3,966 171 1,057 190 259 292 389 473 98 99 152 246 542 Other capital accounts 625 16 215 16 35 36 67 93 28 9 37 18 55 ----------------------------------------------------------------------------------------------------------------------- ACCOUNTS 447,872 26,027 146,277 15,312 29,276 43,061 31,161 47,571 16,756 8,038 13,094 16,156 55,142 ---------------------------------------------------------------------------------------------------------------------------------------------------------- FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 520,444 29,179 185,232 17,327 30,613 47,203 34,735 50,312 18,702 7,151 13,370 20,795 65,825 Less--Held by F.R. Banks 116,539 5,133 53,439 3,574 3,022 6,796 6,749 7,588 3,147 1,063 2,054 6,991 16,984 ----------------------------------------------------------------------------------------------------------------------- F.R. notes, net 403,905 24,046 131,793 13,753 27,592 40,406 27,987 42,724 15,555 6,088 11,316 13,805 48,840 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 382,687 ------------ Total collateral 403,905 ----------------------------------------------------------------------------------------------------------------------- 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.