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 April 17, 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 Apr 16, 1997 Apr 9, 1997 Apr 17, 1996 Apr 16, 1997 Reserve Bank Credit (1,2) 443,088 + 914 + 22,956 449,539 U.S. government securities Bought outright-system account (3) 401,182 + 390 + 21,912 400,719 Held under repurchase agreements 8,243 + 641 + 2,413 13,512 Federal agency obligations Bought outright 1,984 - 10 - 507 1,984 Held under repurchase agreements 685 - 216 + 663 785 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 51 + 50 + 46 104 Seasonal credit 76 + 12 + 52 79 Extended credit 0 0 0 0 Float 217 - 114 - 180 1585 Other F.R. assets 30,650 + 161 - 1,444 30,771 Gold stock 11,052 0 - 1 11,052 Special drawing rights certificate account 9,200 0 - 968 9,200 Treasury currency outstanding 25,191 + 14 + 866 25,191 Total factors supplying reserve funds 488,530 + 928 + 22,853 494,982 Currency in circulation* 446,616 + 424 + 27,261 446,996 Treasury cash holdings* 308 + 24 - 11 308 Deposits,other than reserve balances,with F.R.Banks Treasury 7,837 + 3,011 + 182 17,884 Foreign 176 + 12 - 13 178 Service-related balances and adjustments (4) 7,022 + 59 + 1,223 7,022 Other 401 - 12 + 38 366 Other F.R. liabilities and capital 15,032 + 57 + 2,082 14,997 Total factors, other than reserve balances, absorbing reserve funds 477,391 + 3,574 + 30,762 487,751 Reserve balances with F.R. Banks (5) 11,139 - 2,646 - 7,908 7,231 On April 16, 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 $ 653,295 million, a change of + $ 2,682 million for the week. The total includes the face value of U.S. Treasury strips and other zero coupon bonds. 1 Net of $ 13,647 million daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 13,647 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. government securities. 2 Net of $ 13,843 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 13,843 million was with foreign official and international accounts. Includes $ 70 million securities loaned--fully secured U.S. government securities. 3 Includes $ 750 million of inflation-indexed securities valued at the original face amount and $ 4 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Consists of required clearing balances of $ 6,848 million and adjustments of $ 174 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 Apr 16, 1997 Apr 9, 1997 Apr 17, 1996 ASSETS Gold certificate account 11,052 + 1 0 Special drawing rights certificate account 9,200 0 - 968 Coin 646 - 7 + 73 Loans 183 + 112 + 148 Acceptances 0 0 0 Federal agency obligations Bought outright 1,984 - 10 - 507 Held under repurchase agreements (1) 785 - 886 + 633 U.S. government securities Bought outright--Bills 195,165 - 228 + 11,883 Notes (2) 154,154 - 373 + 4,052 Bonds 51,399 0 + 4,957 Total bought outright (3) 400,719 - 601 + 20,891 Held under repurchase agreements (1) 13,512 + 2,565 + 100 Total U.S. government securities 414,231 + 1,964 + 20,991 Total loans and securities 417,183 + 1,180 + 21,266 Items in process of collection (406) 7,891 + 1,353 + 1,217 Bank premises 1,247 + 2 + 88 Other assets (4) 29,543 + 130 - 1,628 TOTAL ASSETS (406) 476,761 + 2,659 + 20,047 LIABILITIES Federal Reserve notes 422,759 - 541 + 26,741 Deposits Depository institutions 13,508 - 12,249 - 11,871 U.S. Treasury--general account 17,884 + 14,438 + 2,216 Foreign--official accounts 178 + 17 - 46 Other 366 - 26 + 8 Total deposits 31,936 + 2,179 - 9,692 Deferred availability cash items (406) 7,069 + 885 + 755 Other liabilities and accrued dividends (5) 5,059 + 108 + 759 TOTAL LIABILITIES (406) 466,823 + 2,631 + 18,564 CAPITAL ACCOUNTS Capital paid in 4,792 + 1 + 781 Surplus 4,496 0 + 529 Other capital accounts 650 + 26 + 173 *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 $ 750 million of inflation-indexed securities valued at the original face amount and $ 4 million of compensation that adjusts for the effects of inflation on the principal of such securities. 3 Net of $ 13,843 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 70 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 $ 139 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, APRIL 16, 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 171 0 Within 15 days 28,381 + 9,130 951 - 730 16 days to 90 12 0 16 days to 90 days 89,773 - 6,156 604 - 156 Over 90 days 0 0 91 days to 1 year 125,152 - 828 313 + 20 Over 1 year to 5 years 91,797 - 585 430 - 30 Over 5 years to 10 years 37,011 + 403 447 0 Over 10 years 42,117 0 25 0 Total 183 0 Total 414,231 + 1,964 2769 - 896 1 Includes $ 750 million of inflation-indexed securities valued at the original face amount and $ 4 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 APRIL 16, 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 11,052 624 3,939 350 669 965 723 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 646 19 34 69 32 97 70 80 26 27 58 49 85 Loans 183 7 0 1 0 100 3 18 20 24 10 1 0 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Federal agency obligations Bought outright 1,984 121 642 66 137 189 132 212 79 28 57 72 250 Held under repurchase agreements(1) 785 0 785 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright--Bills 195,165 11,898 63,126 6,525 13,500 18,569 13,024 20,817 7,773 2,718 5,573 7,088 24,555 Notes (2) 154,154 9,398 49,861 5,154 10,663 14,667 10,287 16,443 6,140 2,147 4,402 5,598 19,395 Bonds 51,399 3,133 16,625 1,718 3,555 4,890 3,430 5,482 2,047 716 1,468 1,867 6,467 Total bought outright(3) 400,719 24,429 129,613 13,396 27,718 38,127 26,740 42,743 15,960 5,581 11,442 14,553 50,417 Held under repurchase agreements(1) 13,512 0 13,512 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 414,231 24,429 143,125 13,396 27,718 38,127 26,740 42,743 15,960 5,581 11,442 14,553 50,417 Total loans and securities 417,183 24,557 144,552 13,464 27,855 38,416 26,875 42,972 16,059 5,632 11,509 14,626 50,667 Items in process of collection 8,296 420 953 313 384 661 872 645 413 527 484 766 1,859 Bank premises 1,247 95 153 50 116 127 73 109 31 124 56 154 160 Other assets(4) 29,543 1,265 8,678 1,411 1,813 2,328 2,353 3,261 834 569 977 1,378 4,675 Interdistrict settlement account -0 -1555 10605 -1161 -1481 -3918 -4707 -3117 -1358 -804 -485 4230 3751 TOTAL ASSETS 477,167 25,953 172,116 14,778 29,961 39,468 26,862 45,919 16,747 6,345 13,131 22,029 63,858 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 $ 750 million of inflation-indexed securities valued at the original face amount and $ 4 million of compensation that adjusts for the effects of inflation on the principal of such securities. 3 Net of $ 13,843 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 70 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 $ 139 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 APRIL 16, 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 422,759 23,904 147,584 13,002 28,017 36,651 23,287 41,808 15,480 5,122 11,461 19,393 57,048 Deposits Depository institutions 13,508 880 1,624 773 683 1,040 1,338 1,756 562 341 677 1,203 2,630 U.S. Treasury--general account 17,884 0 17,884 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 178 5 67 9 9 10 13 17 4 3 5 8 28 Other 366 1 114 1 3 90 12 140 0 1 2 1 2 Total deposits 31,936 886 19,689 782 696 1,140 1,363 1,913 565 346 684 1,212 2,660 Deferred credit items 7,475 466 891 234 348 539 926 554 255 541 449 557 1,715 Other liabilities and accrued dividends (1) 5,059 287 1,639 185 312 430 336 498 198 102 168 339 566 TOTAL LIABILITIES 467,229 25,543 169,803 14,203 29,373 38,760 25,913 44,773 16,498 6,111 12,762 21,500 61,989 CAPITAL ACCOUNTS Capital paid in 4,792 195 1,080 281 284 340 464 554 115 117 179 260 921 Surplus 4,496 168 1,023 268 286 310 415 524 112 104 171 250 865 Other capital accounts 650 48 210 25 18 57 70 67 21 14 19 19 82 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 477,167 25,953 172,116 14,778 29,961 39,468 26,862 45,919 16,747 6,345 13,131 22,029 63,858 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 527,330 29,901 190,456 15,964 31,141 42,798 31,723 49,275 18,101 6,597 13,338 24,886 73,151 Less--Held by F.R. Banks 104,571 5,997 42,871 2,962 3,124 6,147 8,436 7,467 2,621 1,475 1,877 5,493 16,103 F.R. notes, net 422,759 23,904 147,584 13,002 28,017 36,651 23,287 41,808 15,480 5,122 11,461 19,393 57,048 Collateral held against F.R. notes Gold certificate account 11,052 Special drawing rights certificate account 9,200 Other eligible assets 0 U.S. govt. and agency securities 402,507 Total collateral 422,759 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.