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 February 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 Feb 5, 1997 Jan 29, 1997 Feb 7, 1996 Feb 5, 1997 ________________________________________________________________________________________________________________ Reserve Bank credit 1 2 432,384 - 3,805 + 25,108 430,068 U.S. government securities Bought outright--system account 391,869 - 86 + 19,576 391,928 Held under repurchase agreements 5,482 - 1,938 + 5,482 2,364 Federal agency obligations Bought outright 2,038 0 - 596 2,038 Held under repurchase agreements 1,248 - 432 + 1,248 1,749 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 13 - 2 - 15 3 Seasonal credit 17 - 1 + 11 17 Extended credit 0 0 0 0 Float 544 - 266 - 272 990 Other F.R. assets 31,173 - 1,079 - 326 30,979 Gold stock 11,048 0 - 4 11,048 Special drawing rights certificate account 9,400 - 45 - 768 9,400 Treasury currency outstanding 25,048 + 14 + 925 25,048 -------------------------------------------------------- Total factors supplying reserve funds 477,880 - 3,836 + 25,260 475,564 Currency in circulation* 439,053 - 676 + 27,084 440,087 Treasury cash holdings* 250 + 2 - 23 260 Deposits, other than reserve balances, with F.R. Banks Treasury 6,207 - 1,689 + 714 5,350 Foreign 166 - 11 - 38 162 Service-related balances and adjustments 3 7,175 + 92 + 332 7,175 Other 367 + 36 - 41 378 Other F.R. liabilities and capital 13,521 - 1,003 + 1,481 13,347 -------------------------------------------------------- Total factors, other than reserve balances, absorbing reserve funds 466,738 - 3,249 + 29,510 466,760 Reserve balances with F.R. Banks 4 11,142 - 587 - 4,250 8,804 ---------------------------------------------------------------------------------------------------------------- On February 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 $ 626,392 million, a change of + $ 7,030 million for the week. The total includes the face value of U.S. Treasury strips and other zero coupon bonds. 1 Net of $ 13,137 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 13,137 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. government securities. 2 Net of $ 13,078 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 13,078 million was with foreign official and international accounts. Includes $ 13 million securities loaned--fully secured U.S. government securities. 3 Consists of required clearing balances of $ 6,766 million and adjustments of $ 408 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 Feb 5, 1997 Jan 29, 1997 Feb 7, 1996 ---------------------------------------------------------------- ASSETS Gold certificate account 11,048 0 - 4 Special drawing rights certificate account 9,400 0 - 768 Coin 704 + 29 + 170 Loans 20 - 60 + 6 Acceptances 0 0 0 Federal agency obligations Bought outright 2,038 0 - 596 Held under repurchase agreements 1 1,749 - 781 + 1,749 U.S. government securities Bought outright--Bills 192,274 - 5 + 14,067 Notes 150,315 0 + 530 Bonds 49,339 0 + 5,270 ---------- ---------- ---------- Total bought outright 2 391,928 - 5 + 19,868 Held under repurchase agreements 1 2,364 - 11,562 + 2,364 ---------- ---------- ---------- Total U.S. government securities 394,292 - 11,567 + 22,232 ---------- ---------- ---------- Total loans and securities 398,099 - 12,408 + 23,391 Items in process of collection (391) 7,737 + 1,462 + 1,736 Bank premises 1,235 - 1 + 101 Other assets 3 29,832 - 2,263 - 676 ---------- ---------- ---------- TOTAL ASSETS (391) 458,057 - 13,181 + 23,949 LIABILITIES Federal Reserve notes 416,004 + 382 + 26,394 Deposits Depository institutions 16,239 - 9,049 - 4,889 U.S. Treasury--general account 5,350 - 4,524 + 131 Foreign--official accounts 162 - 36 - 73 Other 378 + 38 + 18 ---------- ---------- ---------- Total deposits 22,130 - 13,572 - 4,813 Deferred availability cash items (391) 6,576 + 1,034 + 1,187 Other liabilities and accrued dividends 4 4,393 - 261 + 283 ---------- ---------- ---------- TOTAL LIABILITIES (391) 449,103 - 12,416 + 23,051 CAPITAL ACCOUNTS Capital paid in 4,696 + 5 + 690 Surplus 4,223 - 273 + 387 Other capital accounts 35 - 496 - 179 ---------------------------------------------------------------------------------------------------------------- * 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 $ 13,078 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 13 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 $ 157 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, FEBRUARY 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 securities obligations -------------------------------------------- Loans Acceptances Weekly Weekly Holdings changes Holdings changes ---------------------------------------------------------------------------------------------------------------- Within 15 days 10 0 Within 15 days 17,943 - 10,451 1,749 - 942 16 days to 90 days 10 0 16 days to 90 days 89,962 + 5,944 802 + 152 Over 90 days 0 0 91 days to 1 year 117,103 - 6,007 235 + 9 Over 1 year to 5 years 93,677 - 1,053 520 0 Over 5 years to 10 years 33,782 0 457 0 Over 10 years 41,826 0 25 0 ---------- ---------- ---------- ---------- ---------- ---------- Total 20 0 Total 394,292 - 11,567 3,787 - 781 ---------------------------------------------------------------------------------------------------------------- Components may not add to totals due to rounding. 1 H.4.1 (b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON FEBRUARY 5, 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 704 21 27 52 31 129 99 83 36 23 59 62 83 Loans 20 5 0 0 0 0 0 4 3 4 4 0 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 1,749 0 1,749 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright--Bills 192,274 11,313 71,506 7,442 11,301 15,944 12,832 20,837 9,007 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 2 391,928 23,060 145,756 15,169 23,036 32,500 26,156 42,474 18,360 5,911 12,276 14,034 33,195 Held under repurchase agreements 1 2,364 0 2,364 0 0 0 0 0 0 0 0 0 0 ----------------------------------------------------------------------------------------------------------------------- Total U.S. govt. securities 394,292 23,060 148,120 15,169 23,036 32,500 26,156 42,474 18,360 5,911 12,276 14,034 33,195 ----------------------------------------------------------------------------------------------------------------------- Total loans and securities 398,099 23,185 150,627 15,248 23,156 32,669 26,292 42,699 18,458 5,946 12,344 14,107 33,368 Items in process of collection 8,129 489 1,043 421 316 843 1,022 609 372 479 419 530 1,585 Bank premises 1,235 95 151 50 108 128 80 110 31 114 56 154 160 Other assets 3 29,832 1,267 9,109 1,478 1,745 2,250 2,377 3,338 908 589 1,018 1,394 4,359 Interdistrict settlement account 0 -416 -13,150 -3,730 +3,976 +2,312 -2,469 -1,641 -3,128 -944 -1,163 +1,890 +18,463 ----------------------------------------------------------------------------------------------------------------------- TOTAL ASSETS 458,449 25,842 155,129 14,231 30,542 40,060 28,785 47,257 17,499 6,500 13,306 18,945 60,353 ----------------------------------------------------------------------------------------------------------------------- 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 $ 13,078 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 13 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 $ 157 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 FEBRUARY 5, 1997 Millions of dollars ---------------------------------------------------------------------------------------------------------------------------------------------------------- | Total | Boston | New York| Phila. | Cleve.| Rich. |Atlanta| Chicago |S.Louis| Minneap.|KansasC| Dallas|San Fran. ----------------------------------------------------------------------------------------------------------------------- LIABILITIES Federal Reserve notes 416,004 24,021 142,363 12,615 28,718 37,341 25,086 42,667 16,128 5,201 11,739 16,474 53,650 Deposits Depository institutions 16,239 764 2,755 653 761 1,073 1,592 2,364 686 524 652 1,344 3,074 U.S. Treasury--general account 5,350 0 5,350 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 162 5 51 9 9 10 13 17 4 3 5 8 28 Other 378 1 121 1 1 83 4 159 0 2 3 1 2 ----------------------------------------------------------------------------------------------------------------------- Total deposits 22,130 770 8,277 662 771 1,167 1,609 2,540 690 528 660 1,353 3,103 Deferred credit items 6,967 433 881 250 247 566 908 548 240 475 400 464 1,555 Other liabilities and accrued dividends 1 4,393 263 1,485 193 256 363 313 472 212 95 171 178 393 ----------------------------------------------------------------------------------------------------------------------- TOTAL LIABILITIES 449,495 25,487 153,006 13,721 29,992 39,437 27,916 46,227 17,270 6,299 12,970 18,468 58,701 CAPITAL ACCOUNTS Capital paid in 4,696 182 1,077 273 282 312 461 538 115 107 178 257 913 Surplus 4,223 168 1,023 237 269 310 403 491 112 93 158 219 738 Other capital accounts 35 5 23 0 0 0 4 0 3 0 0 0 0 ----------------------------------------------------------------------------------------------------------------------- ACCOUNTS 458,449 25,842 155,129 14,231 30,542 40,060 28,785 47,257 17,499 6,500 13,306 18,945 60,353 ---------------------------------------------------------------------------------------------------------------------------------------------------------- FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 523,178 29,954 185,384 15,778 32,279 44,166 33,419 50,584 18,993 6,853 13,802 22,326 69,640 Less--Held by F.R. Banks 107,174 5,933 43,021 3,163 3,561 6,825 8,333 7,917 2,865 1,652 2,063 5,852 15,990 ----------------------------------------------------------------------------------------------------------------------- F.R. notes, net 416,004 24,021 142,363 12,615 28,718 37,341 25,086 42,667 16,128 5,201 11,739 16,474 53,650 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 395,556 ------------ Total collateral 416,004 ----------------------------------------------------------------------------------------------------------------------- 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.