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 August 7, 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 Aug 6, 1997 Jul 30, 1997 Aug 7, 1996 Aug 6, 1997 Reserve Bank Credit (1,2) 447,624 + 208 + 21,967 449,175 U.S. government securities Bought outright-system account (3) 408,573 - 1,250 + 26,126 411,153 Held under repurchase agreements 5,059 + 1,743 - 1,750 3,751 Federal agency obligations Bought outright 1,069 - 141 - 1,268 1,045 Held under repurchase agreements 538 + 188 - 361 218 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 102 - 113 + 81 43 Seasonal credit 376 - 2 + 92 371 Extended credit 0 0 0 0 Float 497 + 384 + 59 1124 Other F.R. assets 31,409 - 603 - 1,012 31,470 Gold stock 11,051 + 1 + 1 11,051 Special drawing rights certificate account 9,200 0 - 518 9,200 Treasury currency outstanding 25,427 + 14 + 790 25,427 Total factors supplying reserve funds 493,302 + 223 + 22,240 494,853 Currency in circulation* 455,425 + 986 + 26,692 457,085 Treasury cash holdings* 310 - 11 + 47 305 Deposits,other than reserve balances,with F.R.Banks Treasury 5,196 + 319 + 127 5,947 Foreign 189 + 17 0 187 Service-related balances and adjustments (4) 7,139 - 225 + 832 7,139 Other 350 + 35 + 38 349 Other F.R. liabilities and capital 14,818 - 853 + 599 14,732 Total factors, other than reserve balances, absorbing reserve funds 483,427 + 268 + 28,334 485,744 Reserve balances with F.R. Banks (5) 9,875 - 45 - 6,094 9,109 On August 6, 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 $ 631,975 million, a change of + $ 856 million for the week. The total includes the face value of U.S. Treasury strips and other zero coupon bonds. 1 Net of $ 15,817 million daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 15,817 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. government securities. 2 Net of $ 13,237 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 13,237 million was with foreign official and international accounts. Includes $ 199 million securities loaned--fully secured U.S. government securities. 3 Includes $ 1150 million of inflation-indexed securities valued at the original face amount and $ 8 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Consists of required clearing balances of $ 6,896 million and adjustments of $ 243 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 Aug 6, 1997 Jul 30, 1997 Aug 7, 1996 ASSETS Gold certificate account 11,051 0 + 1 Special drawing rights certificate account 9,200 0 - 518 Coin 480 + 2 - 52 Loans 414 - 1,264 + 127 Acceptances 0 0 0 Federal agency obligations Bought outright 1,045 - 164 - 1,291 Held under repurchase agreements (1) 218 - 757 - 424 U.S. government securities Bought outright--Bills 196,367 + 2,160 + 9,669 Notes (2) 160,524 0 + 10,422 Bonds 54,261 0 + 7,819 Total bought outright (3) 411,153 + 2,161 + 27,910 Held under repurchase agreements (1) 3,751 - 5,176 - 1,103 Total U.S. government securities 414,904 - 3,015 + 26,807 Total loans and securities 416,581 - 5,201 + 25,218 Items in process of collection (457) 7,854 + 2,121 + 970 Bank premises 1,260 + 2 + 67 Other assets (4) 30,240 - 833 - 1,101 TOTAL ASSETS (457) 476,666 - 3,908 + 24,585 LIABILITIES Federal Reserve notes 432,442 + 1,580 + 26,273 Deposits Depository institutions 16,395 - 6,589 - 5,092 U.S. Treasury--general account 5,947 + 794 + 1,252 Foreign--official accounts 187 + 16 + 18 Other 349 + 33 + 43 Total deposits 22,878 - 5,746 - 3,779 Deferred availability cash items (457) 6,615 + 1,066 + 923 Other liabilities and accrued dividends (5) 4,728 - 201 + 356 TOTAL LIABILITIES (457) 466,662 - 3,301 + 23,773 CAPITAL ACCOUNTS Capital paid in 5,103 + 16 + 661 Surplus 4,415 - 80 + 449 Other capital accounts 485 - 542 - 298 *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 $ 1150 million of inflation-indexed securities valued at the original face amount and $ 8 million of compensation that adjusts for the effects of inflation on the principal of such securities. 3 Net of $ 13,237 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 199 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 $ 125 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, AUGUST 6, 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 130 0 Within 15 days 21,622 + 4,802 233 - 921 16 days to 90 285 0 16 days to 90 days 84,589 - 8,102 211 + 26 Over 90 days 0 0 91 days to 1 year 132,492 + 1,115 104 - 26 Over 1 year to 5 years 93,174 - 830 401 0 Over 5 years to 10 years 39,016 0 290 0 Over 10 years 44,011 0 25 0 Total 414 0 Total 414,904 - 3,015 1263 - 921 1 Includes $ 1150 million of inflation-indexed securities valued at the original face amount and $ 8 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 AUGUST 6, 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 480 14 16 54 24 76 59 60 21 19 37 44 57 Loans 414 0 0 0 40 0 13 57 84 164 40 5 10 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Federal agency obligations Bought outright 1,045 64 338 35 72 99 70 111 42 15 30 38 132 Held under repurchase agreements(1) 218 0 218 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright--Bills 196,367 11,971 63,515 6,565 13,583 18,684 13,104 20,945 7,821 2,735 5,607 7,131 24,706 Notes (2) 160,524 9,786 51,922 5,366 11,104 15,273 10,712 17,122 6,393 2,236 4,584 5,830 20,197 Bonds 54,261 3,308 17,551 1,814 3,753 5,163 3,621 5,788 2,161 756 1,549 1,971 6,827 Total bought outright(3) 411,153 25,065 132,988 13,745 28,440 39,120 27,436 43,855 16,376 5,726 11,740 14,932 51,730 Held under repurchase agreements(1) 3,751 0 3,751 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 414,904 25,065 136,739 13,745 28,440 39,120 27,436 43,855 16,376 5,726 11,740 14,932 51,730 Total loans and securities 416,581 25,129 137,295 13,780 28,552 39,219 27,520 44,024 16,501 5,904 11,811 14,975 51,872 Items in process of collection 8,311 527 1,132 401 290 441 1,119 522 261 591 428 419 2,179 Bank premises 1,260 94 153 50 120 126 76 109 30 138 55 151 159 Other assets(4) 30,240 1,316 9,055 1,408 1,860 2,428 2,364 3,298 869 577 992 1,386 4,687 Interdistrict settlement account 0 -2037 20826 -2206 -574 -6045 -2449 -4138 -2829 -1757 -1908 2376 742 TOTAL ASSETS 477,123 26,196 175,617 14,119 31,515 38,002 30,013 45,845 15,593 5,742 11,948 20,176 62,356 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 $ 1150 million of inflation-indexed securities valued at the original face amount and $ 8 million of compensation that adjusts for the effects of inflation on the principal of such securities. 3 Net of $ 13,237 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 199 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 $ 125 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 AUGUST 6, 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 432,442 23,910 162,514 12,087 29,255 34,377 26,393 41,164 14,421 4,503 10,488 17,987 55,342 Deposits Depository institutions 16,395 1,115 2,482 1,031 1,012 1,136 1,808 2,466 508 286 623 1,118 2,810 U.S. Treasury--general account 5,947 0 5,947 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 187 5 76 9 9 10 13 17 4 3 5 8 28 Other 349 0 100 0 4 112 1 126 0 1 1 1 1 Total deposits 22,878 1,121 8,605 1,040 1,025 1,258 1,822 2,608 512 290 630 1,127 2,839 Deferred credit items 7,072 517 932 257 242 565 758 565 237 502 365 367 1,766 Other liabilities and accrued dividends (1) 4,728 289 1,426 186 318 438 337 505 201 101 170 191 567 TOTAL LIABILITIES 467,119 25,836 173,476 13,571 30,840 36,639 29,310 44,843 15,370 5,396 11,653 19,672 60,514 CAPITAL ACCOUNTS Capital paid in 5,103 185 1,099 287 352 707 314 491 112 196 135 263 960 Surplus 4,415 168 1,023 261 286 310 389 511 112 104 160 227 865 Other capital accounts 485 8 19 0 37 347 0 0 0 46 0 13 17 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 477,123 26,196 175,617 14,119 31,515 38,002 30,013 45,845 15,593 5,742 11,948 20,176 62,356 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 542,206 29,843 205,699 15,637 32,943 40,564 34,870 49,839 16,816 6,120 12,309 24,115 73,451 Less--Held by F.R. Banks 109,764 5,933 43,185 3,550 3,688 6,187 8,477 8,675 2,395 1,617 1,821 6,128 18,109 F.R. notes, net 432,442 23,910 162,514 12,087 29,255 34,377 26,393 41,164 14,421 4,503 10,488 17,987 55,342 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 412,191 Total collateral 432,442 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.