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 28, 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 27, 1997 Aug 20, 1997 Aug 28, 1996 Aug 27, 1997 Reserve Bank Credit (1,2) 450,803 + 1,733 + 25,479 459,609 U.S. government securities Bought outright-system account (3) 408,991 + 15 + 21,753 408,873 Held under repurchase agreements 8,692 + 2,917 + 6,070 16,113 Federal agency obligations Bought outright 1,030 0 - 1,306 1,030 Held under repurchase agreements 1,369 - 612 + 69 2,350 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 74 - 630 + 38 26 Seasonal credit 407 + 22 + 70 412 Extended credit 0 0 0 0 Float 332 - 152 - 148 330 Other F.R. assets 29,909 + 172 - 1,067 30,475 Gold stock 11,051 0 + 1 11,051 Special drawing rights certificate account 9,200 0 - 518 9,200 Treasury currency outstanding 25,447 + 14 + 755 25,447 Total factors supplying reserve funds 496,501 + 1,747 + 25,717 505,306 Currency in circulation* 456,478 - 185 + 27,230 458,387 Treasury cash holdings* 283 - 18 + 13 278 Deposits,other than reserve balances,with F.R.Banks Treasury 4,866 + 422 - 406 5,200 Foreign 197 - 29 + 3 162 Service-related balances and adjustments (4) 7,096 + 75 + 601 7,096 Other 365 - 6 + 56 375 Other F.R. liabilities and capital 15,952 + 496 + 1,854 15,816 Total factors, other than reserve balances, absorbing reserve funds 485,237 + 755 + 29,351 487,315 Reserve balances with F.R. Banks (5) 11,264 + 992 - 3,634 17,992 On August 27, 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 $ 643,568 million, a change of - $ 1,602 million for the week. The total includes the face value of U.S. Treasury strips and other zero coupon bonds. 1 Net of $ 15,400 million daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 15,400 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. government securities. 2 Net of $ 15,518 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 15,518 million was with foreign official and international accounts. Includes $ 190 million securities loaned--fully secured U.S. government securities. 3 Includes $ 1,150 million of inflation-indexed securities valued at the original face amount and $ 9 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Consists of required clearing balances of $ 6,823 million and adjustments of $ 273 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 27, 1997 Aug 20, 1997 Aug 28, 1996 ASSETS Gold certificate account 11,051 0 + 1 Special drawing rights certificate account 9,200 0 - 518 Coin 492 - 9 - 61 Loans 438 - 4,824 + 55 Acceptances 0 0 0 Federal agency obligations Bought outright 1,030 0 - 1,306 Held under repurchase agreements (1) 2,350 + 669 + 572 U.S. government securities Bought outright--Bills 194,086 - 20 + 7,869 Notes (2) 159,795 0 + 7,403 Bonds 54,991 0 + 7,123 Total bought outright (3) 408,873 - 20 + 22,395 Held under repurchase agreements (1) 16,113 + 11,363 + 8,541 Total U.S. government securities 424,986 + 11,343 + 30,936 Total loans and securities 428,804 + 7,188 + 30,257 Items in process of collection (367) 6,543 + 168 + 619 Bank premises 1,266 0 + 67 Other assets (4) 29,174 + 978 - 963 TOTAL ASSETS (367) 486,529 + 8,325 + 29,403 LIABILITIES Federal Reserve notes 433,709 + 1,188 + 26,486 Deposits Depository institutions 25,169 + 6,368 + 606 U.S. Treasury--general account 5,200 + 337 - 658 Foreign--official accounts 162 - 350 - 54 Other (-4) 375 + 13 + 79 Total deposits (-4) 30,906 + 6,369 - 26 Deferred availability cash items (371) 6,098 + 317 + 1,080 Other liabilities and accrued dividends (5) 5,037 + 398 + 512 TOTAL LIABILITIES (367) 475,750 + 8,271 + 28,052 CAPITAL ACCOUNTS Capital paid in 5,150 + 10 + 631 Surplus 4,496 0 + 529 Other capital accounts 1,133 + 43 + 191 *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 $ 1,150 million of inflation-indexed securities valued at the original face amount and $ 9 million of compensation that adjusts for the effects of inflation on the principal of such securities. 3 Net of $ 15,518 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 190 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 $ 132 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 27, 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 417 0 Within 15 days 25,050 + 5,408 2455 + 704 16 days to 90 21 0 16 days to 90 days 90,752 - 355 106 - 35 Over 90 days 0 0 91 days to 1 year 136,171 + 6,290 154 0 Over 1 year to 5 years 90,614 0 351 0 Over 5 years to 10 years 37,657 0 290 0 Over 10 years 44,741 0 25 0 Total 438 0 Total 424,986 + 11,343 3380 + 669 1 Includes $ 1,150 million of inflation-indexed securities valued at the original face amount and $ 9 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 27, 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 492 14 16 53 25 70 63 59 22 18 36 49 65 Loans 438 0 25 0 0 0 13 67 93 169 58 6 7 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Federal agency obligations Bought outright 1,030 63 333 34 71 98 69 110 41 14 29 37 130 Held under repurchase agreements(1) 2,350 0 2,350 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright--Bills 194,086 11,832 62,777 6,488 13,425 18,467 12,952 20,702 7,730 2,703 5,542 7,048 24,419 Notes (2) 159,795 9,742 51,686 5,342 11,053 15,204 10,663 17,044 6,364 2,225 4,563 5,803 20,105 Bonds 54,991 3,352 17,787 1,838 3,804 5,232 3,670 5,866 2,190 766 1,570 1,997 6,919 Total bought outright(3) 408,873 24,926 132,250 13,669 28,282 38,903 27,284 43,612 16,285 5,694 11,675 14,849 51,443 Held under repurchase agreements(1) 16,113 0 16,113 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 424,986 24,926 148,363 13,669 28,282 38,903 27,284 43,612 16,285 5,694 11,675 14,849 51,443 Total loans and securities 428,804 24,989 151,072 13,703 28,353 39,001 27,366 43,789 16,419 5,878 11,763 14,892 51,580 Items in process of collection 6,910 356 802 265 208 530 725 576 320 482 427 433 1,785 Bank premises 1,266 94 154 50 120 126 77 108 30 142 55 151 159 Other assets(4) 29,174 1,209 9,244 1,350 1,739 2,196 2,248 3,117 795 553 937 1,320 4,465 Interdistrict settlement account -0 -400 10377 -2096 -909 -4826 -1084 -2465 -1784 -770 -1863 3988 1832 TOTAL ASSETS 486,896 27,416 178,804 13,959 30,780 38,855 30,720 47,153 16,544 6,572 11,889 21,659 62,546 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 $ 1,150 million of inflation-indexed securities valued at the original face amount and $ 9 million of compensation that adjusts for the effects of inflation on the principal of such securities. 3 Net of $ 15,518 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 190 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 $ 132 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 27, 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 433,709 23,466 163,301 11,805 28,508 34,007 27,511 42,183 14,911 4,272 10,188 18,925 54,634 Deposits Depository institutions 25,169 2,862 5,441 1,171 925 2,255 1,332 2,634 939 1,336 875 1,644 3,754 U.S. Treasury--general account 5,200 0 5,200 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 162 5 51 9 9 10 13 17 4 3 5 8 28 Other 372 6 115 1 3 110 3 129 0 1 1 1 1 Total deposits 30,903 2,874 10,808 1,180 937 2,376 1,349 2,780 943 1,341 881 1,652 3,783 Deferred credit items 6,469 386 732 208 273 490 766 614 249 489 340 341 1,580 Other liabilities and accrued dividends (1) 5,037 293 1,628 188 326 471 347 520 205 107 174 195 583 TOTAL LIABILITIES 476,117 27,019 176,470 13,381 30,044 37,343 29,972 46,097 16,307 6,209 11,583 21,113 60,579 CAPITAL ACCOUNTS Capital paid in 5,150 186 1,100 281 356 746 314 497 111 196 126 275 961 Surplus 4,496 168 1,023 268 286 310 415 524 112 104 171 250 865 Other capital accounts 1,133 43 211 30 94 456 19 34 14 63 8 21 140 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 486,896 27,416 178,804 13,959 30,780 38,855 30,720 47,153 16,544 6,572 11,889 21,659 62,546 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 544,930 29,762 205,229 15,435 32,707 40,465 36,278 50,603 17,476 5,941 12,347 25,412 73,275 Less--Held by F.R. Banks 111,221 6,296 41,927 3,630 4,199 6,458 8,768 8,420 2,566 1,669 2,160 6,488 18,641 F.R. notes, net 433,709 23,466 163,301 11,805 28,508 34,007 27,511 42,183 14,911 4,272 10,188 18,925 54,634 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 413,458 Total collateral 433,709 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.