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 August 1, 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 31, 1996 Jul 24, 1996 Aug 2, 1995 Jul 31, 1996 ________________________________________________________________________________________________________________ Reserve Bank credit 1 2 424,567 + 5,286 + 14,922 436,332 U.S. government securities Bought outright--system account 383,049 + 287 + 12,223 382,378 Held under repurchase agreements 6,078 + 4,283 + 6,078 15,458 Federal agency obligations Bought outright 2,336 - 15 - 727 2,336 Held under repurchase agreements 407 - 8 + 407 282 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 261 + 245 - 199 1,423 Seasonal credit 308 + 9 + 57 295 Extended credit 0 0 0 0 Float 271 - 183 - 23 509 Other F.R. assets 31,857 + 668 - 2,894 33,651 Gold stock 11,050 0 - 3 11,050 Special drawing rights certificate account 10,168 0 - 350 10,168 Treasury currency outstanding 24,554 + 14 + 986 24,554 -------------------------------------------------------- Total factors supplying reserve funds 470,339 + 5,300 + 15,555 482,104 Currency in circulation* 427,151 - 258 + 17,582 428,702 Treasury cash holdings* 258 - 9 - 48 261 Deposits, other than reserve balances, with F.R. Banks Treasury 5,384 + 124 - 992 6,836 Foreign 164 - 9 - 17 166 Service-related balances and adjustments 3 6,282 - 111 + 1,854 6,282 Other 295 - 18 + 27 278 Other F.R. liabilities and capital 13,885 + 643 + 1,119 14,817 -------------------------------------------------------- Total factors, other than reserve balances, absorbing reserve funds 453,419 + 362 + 19,524 457,343 Reserve balances with F.R. Banks 4 16,919 + 4,938 - 3,969 24,761 ---------------------------------------------------------------------------------------------------------------- On July 31, 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 $ 559,611 million, a change of + $ 5,797 million for the week. The total includes the face value of U.S. Treasury strips and other zero coupon bonds. 1 Net of $ 12,346 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 12,346 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. government securities. 2 Net of $ 13,017 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 13,017 million was with foreign official and international accounts. Includes $ 231 million securities loaned--fully secured U.S. government securities. 3 Consists of required clearing balances of $ 5,973 million and adjustments of $ 309 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 31, 1996 Jul 24, 1996 Aug 2, 1995 ---------------------------------------------------------------- ASSETS Gold certificate account 11,050 0 - 3 Special drawing rights certificate account 10,168 0 - 350 Coin 521 + 13 + 161 Loans 1,718 + 1,391 - 1,734 Acceptances 0 0 0 Federal agency obligations Bought outright 2,336 - 15 - 727 Held under repurchase agreements 1 282 - 418 + 282 U.S. government securities Bought outright--Bills 185,833 - 589 + 3,278 Notes 150,102 0 + 3,404 Bonds 46,443 0 + 2,764 ---------- ---------- ---------- Total bought outright 2 382,378 - 589 + 9,447 Held under repurchase agreements 1 15,458 + 13,378 + 15,458 ---------- ---------- ---------- Total U.S. government securities 397,836 + 12,789 + 24,905 ---------- ---------- ---------- Total loans and securities 402,173 + 13,748 + 22,726 Items in process of collection (430) 6,143 + 313 - 417 Bank premises 1,190 - 1 + 94 Other assets 3 32,532 + 2,353 - 910 ---------- ---------- ---------- TOTAL ASSETS (430) 463,777 + 16,426 + 21,300 LIABILITIES Federal Reserve notes 404,930 + 1,026 + 16,614 Deposits Depository institutions 31,052 + 11,835 + 2,709 U.S. Treasury--general account 6,836 + 1,625 - 583 Foreign--official accounts 166 - 1 - 29 Other 278 - 13 + 6 ---------- ---------- ---------- Total deposits 38,332 + 13,446 + 2,103 Deferred availability cash items (430) 5,697 + 331 + 75 Other liabilities and accrued dividends 4 5,156 + 974 + 638 ---------- ---------- ---------- TOTAL LIABILITIES (430) 454,116 + 15,777 + 19,430 CAPITAL ACCOUNTS Capital paid in 4,437 + 17 + 577 Surplus 3,966 0 + 283 Other capital accounts 1,257 + 632 + 1,011 ---------------------------------------------------------------------------------------------------------------- * 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 $ 13,017 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 231 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 $ 87 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 31, 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 1,555 0 Within 15 days 28,057 + 10,526 438 - 433 16 days to 90 days 163 0 16 days to 90 days 86,783 - 4,303 722 + 13 Over 90 days 0 0 91 days to 1 year 118,032 + 5,737 492 - 13 Over 1 year to 5 years 92,581 + 830 475 0 Over 5 years to 10 years 33,662 0 467 0 Over 10 years 38,721 0 25 0 ---------- ---------- ---------- ---------- ---------- ---------- Total 1,718 0 Total 397,836 + 12,789 2,618 - 433 ---------------------------------------------------------------------------------------------------------------- Components may not add to totals due to rounding. 1 H.4.1 (b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 31, 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 521 17 19 33 26 88 71 50 32 18 43 46 79 Loans 1,718 0 4 2 0 0 292 939 279 131 36 10 25 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Federal agency obligations Bought outright 2,336 137 869 90 137 194 156 253 109 35 73 84 198 Held under repurchase agreements 1 282 0 282 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright--Bills 185,833 10,934 69,111 7,192 10,922 15,410 12,402 20,139 8,706 2,803 5,821 6,654 15,739 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 2 382,378 22,498 142,205 14,799 22,474 31,708 25,518 41,439 17,913 5,767 11,977 13,692 32,386 Held under repurchase agreements 1 15,458 0 15,458 0 0 0 0 0 0 0 0 0 0 ----------------------------------------------------------------------------------------------------------------------- Total U.S. govt. securities 397,836 22,498 157,663 14,799 22,474 31,708 25,518 41,439 17,913 5,767 11,977 13,692 32,386 ----------------------------------------------------------------------------------------------------------------------- Total loans and securities 402,173 22,636 158,817 14,891 22,612 31,902 25,966 42,631 18,301 5,933 12,087 13,786 32,609 Items in process of collection 6,573 535 566 519 246 611 977 515 254 385 412 237 1,316 Bank premises 1,190 94 147 48 92 127 81 111 30 89 55 156 160 Other assets 3 32,532 1,432 10,744 1,345 1,878 3,085 2,649 3,510 938 664 1,085 1,618 3,584 Interdistrict settlement account 0 +1,203 -23,139 -1,397 +3,566 +7,158 +622 -1,064 -3,606 +110 -1,073 +148 +17,471 ----------------------------------------------------------------------------------------------------------------------- TOTAL ASSETS 464,207 27,089 155,108 16,276 29,628 44,680 31,658 47,972 16,913 7,547 13,272 16,800 57,264 ----------------------------------------------------------------------------------------------------------------------- 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 $ 13,017 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 231 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 $ 87 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 31, 1996 Millions of dollars ---------------------------------------------------------------------------------------------------------------------------------------------------------- | Total | Boston | New York| Phila. | Cleve.| Rich. |Atlanta| Chicago |S.Louis| Minneap.|KansasC| Dallas|San Fran. ----------------------------------------------------------------------------------------------------------------------- LIABILITIES Federal Reserve notes 404,930 24,097 131,152 13,672 27,560 40,591 27,617 43,018 15,558 6,066 11,308 13,701 50,590 Deposits Depository institutions 31,052 1,850 12,132 1,762 977 1,810 1,801 2,692 672 720 998 2,102 3,536 U.S. Treasury--general account 6,836 0 6,836 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 166 6 61 7 9 11 14 17 4 4 5 9 20 Other 278 1 104 1 1 62 8 94 1 1 1 2 3 ----------------------------------------------------------------------------------------------------------------------- Total deposits 38,332 1,858 19,133 1,770 988 1,883 1,822 2,803 676 724 1,005 2,113 3,558 Deferred credit items 6,127 496 645 219 225 528 970 525 215 437 401 258 1,207 Other liabilities and accrued dividends 1 5,156 262 1,620 191 257 1,007 313 471 210 97 172 174 383 ----------------------------------------------------------------------------------------------------------------------- TOTAL LIABILITIES 454,545 26,712 152,551 15,852 29,029 44,009 30,722 46,816 16,659 7,325 12,886 16,247 55,737 CAPITAL ACCOUNTS Capital paid in 4,437 167 1,118 190 268 293 426 520 110 101 176 252 814 Surplus 3,966 171 1,057 190 259 292 389 473 98 99 152 246 542 Other capital accounts 1,257 39 383 43 71 87 120 163 45 22 57 55 171 ----------------------------------------------------------------------------------------------------------------------- ACCOUNTS 464,207 27,089 155,108 16,276 29,628 44,680 31,658 47,972 16,913 7,547 13,272 16,800 57,264 ---------------------------------------------------------------------------------------------------------------------------------------------------------- FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 521,387 29,106 184,707 17,266 30,607 47,399 34,330 50,560 18,672 7,173 13,432 20,699 67,436 Less--Held by F.R. Banks 116,457 5,008 53,555 3,593 3,046 6,809 6,713 7,543 3,114 1,107 2,124 6,998 16,846 ----------------------------------------------------------------------------------------------------------------------- F.R. notes, net 404,930 24,097 131,152 13,672 27,560 40,591 27,617 43,018 15,558 6,066 11,308 13,701 50,590 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 383,713 ------------ Total collateral 404,930 ----------------------------------------------------------------------------------------------------------------------- 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.