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 16, 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 15, 1997 Jan 8, 1997 Jan 17, 1996 Jan 15, 1997 ________________________________________________________________________________________________________________ Reserve Bank credit 1 2 439,655 - 1,678 + 23,125 441,713 U.S. government securities Bought outright--system account 391,642 - 269 + 13,887 389,379 Held under repurchase agreements 10,447 - 1,970 + 9,899 14,648 Federal agency obligations Bought outright 2,079 - 146 - 555 2,055 Held under repurchase agreements 2,342 + 712 + 1,699 2,910 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 26 - 17 - 7 131 Seasonal credit 17 - 2 + 15 14 Extended credit 0 0 0 0 Float 929 - 420 - 1,546 403 Other F.R. assets 32,172 + 435 - 267 32,174 Gold stock 11,048 0 - 2 11,048 Special drawing rights certificate account 9,718 0 - 450 9,718 Treasury currency outstanding 25,006 + 14 + 948 25,006 -------------------------------------------------------- Total factors supplying reserve funds 485,427 - 1,663 + 23,621 487,485 Currency in circulation* 443,901 - 4,382 + 24,697 443,066 Treasury cash holdings* 247 - 2 + 21 247 Deposits, other than reserve balances, with F.R. Banks Treasury 5,512 + 1,032 - 37 7,521 Foreign 182 + 5 + 8 171 Service-related balances and adjustments 3 7,209 + 329 + 1,782 7,209 Other 316 + 69 + 29 352 Other F.R. liabilities and capital 14,495 + 489 + 1,555 14,432 -------------------------------------------------------- Total factors, other than reserve balances, absorbing reserve funds 471,860 - 2,460 + 28,055 472,999 Reserve balances with F.R. Banks 4 13,567 + 797 - 4,434 14,486 ---------------------------------------------------------------------------------------------------------------- On January 15, 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 $ 621,744 million, a change of + $ 3,809 million for the week. The total includes the face value of U.S. Treasury strips and other zero coupon bonds. 1 Net of $ 13,884 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 13,884 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. government securities. 2 Net of $ 15,628 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 15,628 million was with foreign official and international accounts. Includes $ 40 million securities loaned--fully secured U.S. government securities. 3 Consists of required clearing balances of $ 6,550 million and adjustments of $ 659 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 15, 1997 Jan 8, 1997 Jan 17, 1996 ---------------------------------------------------------------- ASSETS Gold certificate account 11,048 0 - 2 Special drawing rights certificate account 9,718 0 - 450 Coin 617 + 30 + 170 Loans 145 + 94 0 Acceptances 0 0 0 Federal agency obligations Bought outright 2,055 - 170 - 579 Held under repurchase agreements 1 2,910 + 726 - 90 U.S. government securities Bought outright--Bills 189,724 - 2,336 + 5,878 Notes 150,315 - 607 + 530 Bonds 49,339 0 + 5,270 ---------- ---------- ---------- Total bought outright 2 389,379 - 2,942 + 11,678 Held under repurchase agreements 1 14,648 + 4,873 + 13,148 ---------- ---------- ---------- Total U.S. government securities 404,027 + 1,931 + 24,826 ---------- ---------- ---------- Total loans and securities 409,136 + 2,580 + 24,156 Items in process of collection (535) 7,321 - 199 - 11,591 Bank premises 1,236 0 + 101 Other assets 3 31,030 + 156 - 223 ---------- ---------- ---------- TOTAL ASSETS (535) 470,106 + 2,567 + 12,161 LIABILITIES Federal Reserve notes 418,924 - 3,586 + 23,580 Deposits Depository institutions 22,467 + 3,142 - 9,469 U.S. Treasury--general account 7,521 + 2,460 - 338 Foreign--official accounts 171 + 2 + 6 Other 352 + 115 + 45 ---------- ---------- ---------- Total deposits 30,511 + 5,719 - 9,756 Deferred availability cash items (535) 6,238 - 44 - 3,417 Other liabilities and accrued dividends 4 4,814 + 349 + 534 ---------- ---------- ---------- TOTAL LIABILITIES (535) 460,488 + 2,438 + 10,941 CAPITAL ACCOUNTS Capital paid in 4,678 + 78 + 690 Surplus 4,496 0 + 529 Other capital accounts 444 + 51 0 ---------------------------------------------------------------------------------------------------------------- * 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 $ 15,628 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 40 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 $ 136 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 15, 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 137 0 Within 15 days 22,325 - 991 2,927 + 556 16 days to 90 days 8 0 16 days to 90 days 88,328 - 1,311 797 0 Over 90 days 0 0 91 days to 1 year 123,035 + 5,110 240 0 Over 1 year to 5 years 94,730 - 878 520 0 Over 5 years to 10 years 33,782 0 457 0 Over 10 years 41,826 0 25 0 ---------- ---------- ---------- ---------- ---------- ---------- Total 145 0 Total 404,027 + 1,931 4,965 + 556 ---------------------------------------------------------------------------------------------------------------- Components may not add to totals due to rounding. 1 H.4.1 (b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JANUARY 15, 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. 9,718 636 3,385 396 543 835 745 979 419 144 280 399 957 Coin 617 15 21 45 26 119 83 75 34 20 54 54 72 Loans 145 3 125 0 0 0 0 7 0 0 8 0 1 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Federal agency obligations Bought outright 2,055 121 764 80 121 170 137 223 96 31 64 74 174 Held under repurchase agreements 1 2,910 0 2,910 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright--Bills 189,724 11,163 70,558 7,343 11,151 15,733 12,661 20,561 8,888 2,861 5,943 6,794 16,069 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 2 389,379 22,910 144,808 15,070 22,886 32,289 25,985 42,198 18,241 5,873 12,197 13,943 32,979 Held under repurchase agreements 1 14,648 0 14,648 0 0 0 0 0 0 0 0 0 0 ----------------------------------------------------------------------------------------------------------------------- Total U.S. govt. securities 404,027 22,910 159,456 15,070 22,886 32,289 25,985 42,198 18,241 5,873 12,197 13,943 32,979 ----------------------------------------------------------------------------------------------------------------------- Total loans and securities 409,136 23,035 163,255 15,150 23,007 32,459 26,123 42,428 18,337 5,904 12,269 14,016 33,154 Items in process of collection 7,855 429 1,168 372 283 593 960 645 592 584 427 398 1,405 Bank premises 1,236 95 150 50 108 128 80 110 31 114 56 155 160 Other assets 3 31,030 1,378 10,590 1,295 1,806 2,351 2,613 3,423 902 634 1,043 1,552 3,443 Interdistrict settlement account 0 +520 -22,993 -2,698 +4,984 +3,720 -1,866 +539 -2,744 -861 -366 +534 +21,230 ----------------------------------------------------------------------------------------------------------------------- TOTAL ASSETS 470,640 26,768 159,625 15,032 31,380 41,124 29,507 49,338 18,044 6,706 14,084 17,541 61,489 ----------------------------------------------------------------------------------------------------------------------- 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 $ 15,628 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 40 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 $ 136 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 15, 1997 Millions of dollars ---------------------------------------------------------------------------------------------------------------------------------------------------------- | Total | Boston | New York| Phila. | Cleve.| Rich. |Atlanta| Chicago |S.Louis| Minneap.|KansasC| Dallas|San Fran. ----------------------------------------------------------------------------------------------------------------------- LIABILITIES Federal Reserve notes 418,924 24,750 141,556 12,989 29,240 37,776 25,976 43,803 16,268 5,349 11,988 14,806 54,423 Deposits Depository institutions 22,467 964 5,471 1,003 931 1,690 1,438 3,234 1,059 540 1,159 1,710 3,268 U.S. Treasury--general account 7,521 0 7,521 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 352 1 114 1 4 63 18 143 0 1 2 3 2 ----------------------------------------------------------------------------------------------------------------------- Total deposits 30,511 971 13,173 1,011 944 1,763 1,470 3,394 1,062 544 1,167 1,722 3,289 Deferred credit items 6,773 401 819 276 327 546 836 541 246 495 393 309 1,584 Other liabilities and accrued dividends 1 4,814 272 1,798 198 267 380 326 490 221 102 177 181 402 ----------------------------------------------------------------------------------------------------------------------- TOTAL LIABILITIES 461,022 26,395 157,347 14,474 30,777 40,465 28,609 48,227 17,798 6,490 13,724 17,018 59,698 CAPITAL ACCOUNTS Capital paid in 4,678 182 1,073 273 293 318 456 537 114 107 178 257 890 Surplus 4,496 168 1,023 268 286 310 415 524 112 104 171 250 865 Other capital accounts 444 24 183 17 26 31 28 49 20 6 11 16 36 ----------------------------------------------------------------------------------------------------------------------- ACCOUNTS 470,640 26,768 159,625 15,032 31,380 41,124 29,507 49,338 18,044 6,706 14,084 17,541 61,489 ---------------------------------------------------------------------------------------------------------------------------------------------------------- FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 523,662 30,245 183,861 15,988 32,681 44,869 33,989 51,232 19,300 6,955 13,975 20,690 69,877 Less--Held by F.R. Banks 104,737 5,494 42,305 2,999 3,441 7,093 8,013 7,429 3,032 1,606 1,987 5,884 15,453 ----------------------------------------------------------------------------------------------------------------------- F.R. notes, net 418,924 24,750 141,556 12,989 29,240 37,776 25,976 43,803 16,268 5,349 11,988 14,806 54,423 Collateral held against F.R. notes Gold certificate account 11,048 Special drawing rights certificate account 9,718 Other eligible assets 0 U.S. govt. and agency securities 398,159 ------------ Total collateral 418,924 ----------------------------------------------------------------------------------------------------------------------- 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.