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 September 12, 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 Sep 11, 1996 Sep 4, 1996 Sep 13, 1995 Sep 11, 1996 ________________________________________________________________________________________________________________ Reserve Bank credit 1 2 428,084 - 89 + 16,875 431,746 U.S. government securities Bought outright--system account 387,539 + 416 + 16,303 387,166 Held under repurchase agreements 3,974 - 1,018 - 566 7,400 Federal agency obligations Bought outright 2,329 - 7 - 612 2,311 Held under repurchase agreements 1,759 + 450 + 1,432 2,440 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 32 - 108 + 24 77 Seasonal credit 291 - 33 + 48 295 Extended credit 0 0 0 0 Float 985 + 274 + 690 713 Other F.R. assets 31,175 - 61 - 444 31,342 Gold stock 11,050 0 - 3 11,050 Special drawing rights certificate account 9,718 0 - 800 9,718 Treasury currency outstanding 24,651 + 14 + 947 24,651 -------------------------------------------------------- Total factors supplying reserve funds 473,503 - 75 + 17,019 477,165 Currency in circulation* 433,324 + 897 + 20,749 433,215 Treasury cash holdings* 278 + 1 - 39 283 Deposits, other than reserve balances, with F.R. Banks Treasury 4,669 - 678 - 234 5,054 Foreign 173 + 1 - 9 160 Service-related balances and adjustments 3 6,313 + 38 + 1,443 6,313 Other 351 + 38 + 12 351 Other F.R. liabilities and capital 13,914 - 102 + 2,038 13,953 -------------------------------------------------------- Total factors, other than reserve balances, absorbing reserve funds 459,022 + 194 + 23,960 459,329 Reserve balances with F.R. Banks 4 14,481 - 269 - 6,941 17,835 ---------------------------------------------------------------------------------------------------------------- On September 11, 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 $ 583,427 million, a change of + $ 3,318 million for the week. The total includes the face value of U.S. Treasury strips and other zero coupon bonds. 1 Net of $ 11,572 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 11,572 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. government securities. 2 Net of $ 11,945 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 11,945 million was with foreign official and international accounts. Includes $ 60 million securities loaned--fully secured U.S. government securities. 3 Consists of required clearing balances of $ 6,071 million and adjustments of $ 242 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 Sep 11, 1996 Sep 4, 1996 Sep 13, 1995 ---------------------------------------------------------------- ASSETS Gold certificate account 11,050 0 - 3 Special drawing rights certificate account 9,718 0 - 800 Coin 562 + 31 + 199 Loans 372 - 253 + 123 Acceptances 0 0 0 Federal agency obligations Bought outright 2,311 - 25 - 630 Held under repurchase agreements 1 2,440 + 945 + 1,231 U.S. government securities Bought outright--Bills 186,906 - 339 + 5,380 Notes 152,392 0 + 4,488 Bonds 47,869 0 + 5,196 ---------- ---------- ---------- Total bought outright 2 387,166 - 339 + 15,064 Held under repurchase agreements 1 7,400 + 4,205 - 775 ---------- ---------- ---------- Total U.S. government securities 394,566 + 3,866 + 14,289 ---------- ---------- ---------- Total loans and securities 399,690 + 4,532 + 15,014 Items in process of collection (487) 6,592 - 3,606 + 1,060 Bank premises 1,202 + 5 + 92 Other assets 3 30,169 + 266 - 644 ---------- ---------- ---------- TOTAL ASSETS (487) 458,983 + 1,228 + 14,916 LIABILITIES Federal Reserve notes 409,409 - 897 + 19,790 Deposits Depository institutions 24,371 + 5,202 - 6,242 U.S. Treasury--general account 5,054 - 771 - 1,032 Foreign--official accounts 160 - 11 - 17 Other 351 - 6 + 12 ---------- ---------- ---------- Total deposits 29,936 + 4,414 - 7,280 Deferred availability cash items (488) 5,685 - 2,601 + 537 Other liabilities and accrued dividends 4 4,442 + 45 - 107 ---------- ---------- ---------- TOTAL LIABILITIES (487) 449,471 + 961 + 12,941 CAPITAL ACCOUNTS Capital paid in 4,541 + 23 + 635 Surplus 3,966 0 + 576 Other capital accounts 1,004 + 245 + 765 ---------------------------------------------------------------------------------------------------------------- * 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 $ 11,945 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 60 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 $ 128 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, SEPTEMBER 11, 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 137 0 Within 15 days 21,043 + 3,592 2,442 + 922 16 days to 90 days 235 0 16 days to 90 days 89,313 + 274 901 + 10 Over 90 days 0 0 91 days to 1 year 115,174 0 477 + 23 Over 1 year to 5 years 95,027 0 440 - 35 Over 5 years to 10 years 33,653 0 467 0 Over 10 years 40,356 0 25 0 ---------- ---------- ---------- ---------- ---------- ---------- Total 372 0 Total 394,566 + 3,866 4,751 + 920 ---------------------------------------------------------------------------------------------------------------- Components may not add to totals due to rounding. 1 H.4.1 (b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER 11, 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. 9,718 636 3,385 396 543 835 745 979 419 144 280 399 957 Coin 562 14 19 37 29 93 80 56 29 18 64 49 73 Loans 372 0 0 7 0 0 10 43 68 119 113 5 9 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Federal agency obligations Bought outright 2,311 136 860 89 136 192 154 251 108 35 72 83 196 Held under repurchase agreements 1 2,440 0 2,440 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright--Bills 186,906 10,997 69,509 7,234 10,985 15,499 12,473 20,255 8,756 2,819 5,854 6,693 15,830 Notes 152,392 8,966 56,674 5,898 8,957 12,637 10,170 16,515 7,139 2,298 4,773 5,457 12,907 Bonds 47,869 2,817 17,802 1,853 2,814 3,969 3,195 5,188 2,242 722 1,499 1,714 4,054 ----------------------------------------------------------------------------------------------------------------------- Total bought outright 2 387,166 22,780 143,985 14,985 22,756 32,105 25,838 41,958 18,137 5,839 12,127 13,864 32,792 Held under repurchase agreements 1 7,400 0 7,400 0 0 0 0 0 0 0 0 0 0 ----------------------------------------------------------------------------------------------------------------------- Total U.S. govt. securities 394,566 22,780 151,385 14,985 22,756 32,105 25,838 41,958 18,137 5,839 12,127 13,864 32,792 ----------------------------------------------------------------------------------------------------------------------- Total loans and securities 399,690 22,916 154,685 15,081 22,892 32,297 26,002 42,251 18,313 5,993 12,312 13,951 32,997 Items in process of collection 7,079 520 1,007 263 251 614 800 618 285 465 458 540 1,260 Bank premises 1,202 94 147 48 94 127 81 110 30 99 55 155 161 Other assets 3 30,169 1,386 9,494 1,316 1,830 2,363 2,595 3,471 903 650 1,058 1,587 3,514 Interdistrict settlement account 0 +556 -28,309 -2,351 +7,171 +5,756 +920 +485 -3,126 -528 -1,323 -276 +21,026 ----------------------------------------------------------------------------------------------------------------------- TOTAL ASSETS 459,470 26,782 144,478 15,212 33,434 43,005 31,992 49,110 17,328 7,008 13,226 16,838 61,055 ----------------------------------------------------------------------------------------------------------------------- 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 $ 11,945 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 60 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 $ 128 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 SEPTEMBER 11, 1996 Millions of dollars ---------------------------------------------------------------------------------------------------------------------------------------------------------- | Total | Boston | New York| Phila. | Cleve.| Rich. |Atlanta| Chicago |S.Louis| Minneap.|KansasC| Dallas|San Fran. ----------------------------------------------------------------------------------------------------------------------- LIABILITIES Federal Reserve notes 409,409 24,396 128,224 13,459 30,348 39,447 28,449 44,285 15,695 5,682 11,316 13,382 54,727 Deposits Depository institutions 24,371 1,319 6,420 864 2,010 1,796 1,585 2,596 973 535 953 2,481 2,839 U.S. Treasury--general account 5,054 0 5,054 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 160 6 55 7 9 11 14 17 4 4 5 9 20 Other 351 0 107 1 3 101 3 129 0 1 2 1 3 ----------------------------------------------------------------------------------------------------------------------- Total deposits 29,936 1,326 11,636 871 2,022 1,908 1,602 2,743 977 539 960 2,491 2,862 Deferred credit items 6,173 442 677 236 229 632 745 510 206 474 417 270 1,335 Other liabilities and accrued dividends 1 4,442 258 1,550 191 255 358 313 464 209 102 170 175 396 ----------------------------------------------------------------------------------------------------------------------- TOTAL LIABILITIES 449,959 26,422 142,087 14,757 32,854 42,345 31,108 48,001 17,086 6,798 12,863 16,318 59,319 CAPITAL ACCOUNTS Capital paid in 4,541 167 1,097 222 289 312 427 539 111 102 175 251 849 Surplus 3,966 171 1,057 190 259 292 389 473 98 99 152 246 542 Other capital accounts 1,004 22 237 44 33 57 68 97 33 9 36 22 345 ----------------------------------------------------------------------------------------------------------------------- ACCOUNTS 459,470 26,782 144,478 15,212 33,434 43,005 31,992 49,110 17,328 7,008 13,226 16,838 61,055 ---------------------------------------------------------------------------------------------------------------------------------------------------------- FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 529,658 29,656 182,059 16,675 33,460 47,043 35,500 52,758 19,273 6,981 13,391 21,936 70,927 Less--Held by F.R. Banks 120,249 5,260 53,835 3,216 3,111 7,596 7,052 8,474 3,578 1,299 2,075 8,554 16,201 ----------------------------------------------------------------------------------------------------------------------- F.R. notes, net 409,409 24,396 128,224 13,459 30,348 39,447 28,449 44,285 15,695 5,682 11,316 13,382 54,727 Collateral held against F.R. notes Gold certificate account 11,050 Special drawing rights certificate account 9,718 Other eligible assets 0 U.S. govt. and agency securities 388,641 ------------ Total collateral 409,409 ----------------------------------------------------------------------------------------------------------------------- 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.