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 22, 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 Aug 21, 1996 Aug 14, 1996 Aug 23, 1995 Aug 21, 1996 ________________________________________________________________________________________________________________ Reserve Bank credit 1 2 424,625 + 746 + 16,091 425,203 U.S. government securities Bought outright--system account 387,926 + 3,534 + 15,685 387,269 Held under repurchase agreements 2,189 - 855 + 2,189 3,310 Federal agency obligations Bought outright 2,336 0 - 692 2,336 Held under repurchase agreements 515 - 223 + 515 665 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 6 - 5 - 3 12 Seasonal credit 319 + 24 + 52 328 Extended credit 0 0 0 0 Float 556 + 198 + 287 315 Other F.R. assets 30,777 - 1,927 - 1,942 30,968 Gold stock 11,050 0 - 3 11,050 Special drawing rights certificate account 9,718 0 - 800 9,718 Treasury currency outstanding 24,609 + 14 + 972 24,609 -------------------------------------------------------- Total factors supplying reserve funds 470,002 + 760 + 16,261 470,580 Currency in circulation* 429,499 - 174 + 19,456 429,799 Treasury cash holdings* 268 0 - 41 268 Deposits, other than reserve balances, with F.R. Banks Treasury 5,129 + 349 - 411 5,879 Foreign 181 - 5 - 2 183 Service-related balances and adjustments 3 6,370 + 57 + 1,631 6,370 Other 324 + 19 + 40 322 Other F.R. liabilities and capital 13,842 + 55 + 1,036 13,581 -------------------------------------------------------- Total factors, other than reserve balances, absorbing reserve funds 455,613 + 302 + 21,708 456,402 Reserve balances with F.R. Banks 4 14,389 + 458 - 5,447 14,179 ---------------------------------------------------------------------------------------------------------------- On August 21, 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 $ 560,583 million, a change of + $ 5,578 million for the week. The total includes the face value of U.S. Treasury strips and other zero coupon bonds. 1 Net of $ 11,185 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 11,185 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. government securities. 2 Net of $ 11,842 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 11,842 million was with foreign official and international accounts. Includes $ 40 million securities loaned--fully secured U.S. government securities. 3 Consists of required clearing balances of $ 6,100 million and adjustments of $ 271 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 Aug 21, 1996 Aug 14, 1996 Aug 23, 1995 ---------------------------------------------------------------- ASSETS Gold certificate account 11,050 0 - 3 Special drawing rights certificate account 9,718 0 - 800 Coin 556 + 9 + 175 Loans 340 + 2 + 55 Acceptances 0 0 0 Federal agency obligations Bought outright 2,336 0 - 692 Held under repurchase agreements 1 665 - 233 + 665 U.S. government securities Bought outright--Bills 187,009 + 223 + 5,299 Notes 152,392 + 846 + 4,588 Bonds 47,869 + 394 + 5,296 ---------- ---------- ---------- Total bought outright 2 387,269 + 1,463 + 15,184 Held under repurchase agreements 1 3,310 - 1,360 + 3,310 ---------- ---------- ---------- Total U.S. government securities 390,579 + 103 + 18,494 ---------- ---------- ---------- Total loans and securities 393,921 - 128 + 18,522 Items in process of collection (573) 5,831 - 59 + 827 Bank premises 1,199 0 + 95 Other assets 3 29,855 - 1,983 - 1,534 ---------- ---------- ---------- TOTAL ASSETS (573) 452,129 - 2,162 + 17,282 LIABILITIES Federal Reserve notes 406,013 - 559 + 18,635 Deposits Depository institutions 20,795 - 1,913 - 3,800 U.S. Treasury--general account 5,879 + 430 + 480 Foreign--official accounts 183 + 6 - 18 Other 322 + 14 + 44 ---------- ---------- ---------- Total deposits 27,179 - 1,463 - 3,295 Deferred availability cash items (573) 5,356 - 59 + 933 Other liabilities and accrued dividends 4 4,226 - 119 - 116 ---------- ---------- ---------- TOTAL LIABILITIES (573) 442,774 - 2,200 + 16,157 CAPITAL ACCOUNTS Capital paid in 4,492 + 5 + 588 Surplus 3,966 0 + 283 Other capital accounts 896 + 33 + 253 ---------------------------------------------------------------------------------------------------------------- * 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 $ 11,842 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 40 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 $ 131 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, AUGUST 21, 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 298 0 Within 15 days 18,929 - 3,361 962 + 64 16 days to 90 days 42 0 16 days to 90 days 92,760 + 9,199 579 - 297 Over 90 days 0 0 91 days to 1 year 109,870 - 7,317 494 0 Over 1 year to 5 years 95,012 + 1,152 475 0 Over 5 years to 10 years 33,653 - 471 467 0 Over 10 years 40,356 + 900 25 0 ---------- ---------- ---------- ---------- ---------- ---------- Total 340 0 Total 390,579 + 103 3,001 - 233 ---------------------------------------------------------------------------------------------------------------- Components may not add to totals due to rounding. 1 H.4.1 (b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 21, 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 556 17 19 36 30 96 74 58 35 19 43 50 80 Loans 340 1 0 0 0 0 13 43 66 138 48 10 21 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 1 665 0 665 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright--Bills 187,009 11,003 69,548 7,238 10,991 15,508 12,480 20,267 8,761 2,820 5,858 6,696 15,839 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 2 387,269 22,786 144,024 14,989 22,762 32,114 25,845 41,969 18,142 5,841 12,130 13,867 32,800 Held under repurchase agreements 1 3,310 0 3,310 0 0 0 0 0 0 0 0 0 0 ----------------------------------------------------------------------------------------------------------------------- Total U.S. govt. securities 390,579 22,786 147,334 14,989 22,762 32,114 25,845 41,969 18,142 5,841 12,130 13,867 32,800 ----------------------------------------------------------------------------------------------------------------------- Total loans and securities 393,921 22,925 148,868 15,079 22,899 32,308 26,014 42,265 18,318 6,014 12,251 13,961 33,020 Items in process of collection 6,405 437 780 326 263 506 790 531 229 480 457 349 1,257 Bank premises 1,199 94 146 48 95 127 81 110 30 94 56 156 160 Other assets 3 29,855 1,360 9,412 1,301 1,810 2,338 2,568 3,426 883 646 1,049 1,576 3,486 Interdistrict settlement account 0 -211 -21,083 -2,713 +4,705 +5,607 +560 -899 -3,739 -658 -1,508 -334 +20,274 ----------------------------------------------------------------------------------------------------------------------- TOTAL ASSETS 452,702 25,918 145,578 14,896 30,968 42,735 31,601 47,611 16,649 6,907 12,949 16,590 60,301 ----------------------------------------------------------------------------------------------------------------------- 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 $ 11,842 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 40 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 $ 131 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 AUGUST 21, 1996 Millions of dollars ---------------------------------------------------------------------------------------------------------------------------------------------------------- | Total | Boston | New York| Phila. | Cleve.| Rich. |Atlanta| Chicago |S.Louis| Minneap.|KansasC| Dallas|San Fran. ----------------------------------------------------------------------------------------------------------------------- LIABILITIES Federal Reserve notes 406,013 23,830 128,861 13,427 29,227 39,659 28,244 43,135 15,256 5,759 11,146 13,983 53,485 Deposits Depository institutions 20,795 1,079 6,187 673 705 1,480 1,346 2,214 751 354 869 1,640 3,498 U.S. Treasury--general account 5,879 0 5,879 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 183 6 78 7 9 11 14 17 4 4 5 9 20 Other 322 1 106 1 2 72 2 133 0 1 2 0 4 ----------------------------------------------------------------------------------------------------------------------- Total deposits 27,179 1,086 12,249 680 716 1,563 1,362 2,364 755 358 876 1,649 3,521 Deferred credit items 5,929 390 631 196 220 514 809 566 193 479 396 270 1,264 Other liabilities and accrued dividends 1 4,226 253 1,425 185 246 345 305 456 202 101 165 169 373 ----------------------------------------------------------------------------------------------------------------------- TOTAL LIABILITIES 443,347 25,559 143,166 14,488 30,409 42,081 30,720 46,521 16,407 6,697 12,582 16,071 58,644 CAPITAL ACCOUNTS Capital paid in 4,492 167 1,121 200 264 311 426 521 110 102 176 252 842 Surplus 3,966 171 1,057 190 259 292 389 473 98 99 152 246 542 Other capital accounts 896 21 234 18 36 51 66 96 34 9 38 21 274 ----------------------------------------------------------------------------------------------------------------------- ACCOUNTS 452,702 25,918 145,578 14,896 30,968 42,735 31,601 47,611 16,649 6,907 12,949 16,590 60,301 ---------------------------------------------------------------------------------------------------------------------------------------------------------- FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 525,468 28,848 183,259 16,920 32,312 46,910 35,384 51,443 18,817 7,079 13,464 20,935 70,098 Less--Held by F.R. Banks 119,455 5,018 54,398 3,493 3,085 7,250 7,140 8,307 3,560 1,319 2,318 6,952 16,613 ----------------------------------------------------------------------------------------------------------------------- F.R. notes, net 406,013 23,830 128,861 13,427 29,227 39,659 28,244 43,135 15,256 5,759 11,146 13,983 53,485 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 385,246 ------------ Total collateral 406,013 ----------------------------------------------------------------------------------------------------------------------- 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.