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 November 29, 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 Nov 27, 1996 Nov 20, 1996 Nov 29, 1995 Nov 27, 1996 ________________________________________________________________________________________________________________ Reserve Bank credit 1 2 430,771 - 1,424 + 14,533 435,126 U.S. government securities Bought outright--system account 394,121 + 326 + 20,386 392,767 Held under repurchase agreements 2,588 - 1,395 - 3,790 5,988 Federal agency obligations Bought outright 2,242 - 4 - 518 2,237 Held under repurchase agreements 659 - 27 + 490 2,323 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 221 + 157 - 139 2 Seasonal credit 96 - 10 + 38 90 Extended credit 0 0 0 0 Float 430 - 397 - 694 947 Other F.R. assets 30,414 - 75 - 1,240 30,771 Gold stock 11,049 0 - 1 11,049 Special drawing rights certificate account 9,718 0 - 450 9,718 Treasury currency outstanding 24,878 + 14 + 962 24,878 -------------------------------------------------------- Total factors supplying reserve funds 476,417 - 1,410 + 15,044 480,772 Currency in circulation* 438,091 + 924 + 21,434 440,953 Treasury cash holdings* 272 - 3 - 6 273 Deposits, other than reserve balances, with F.R. Banks Treasury 4,996 - 43 - 618 4,688 Foreign 170 - 3 - 71 164 Service-related balances and adjustments 3 6,939 + 160 + 1,727 6,939 Other 343 - 21 + 60 299 Other F.R. liabilities and capital 14,381 - 76 + 1,246 14,165 -------------------------------------------------------- Total factors, other than reserve balances, absorbing reserve funds 465,191 + 938 + 23,772 467,480 Reserve balances with F.R. Banks 4 11,225 - 2,348 - 8,728 13,292 ---------------------------------------------------------------------------------------------------------------- On November 27, 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 $ 610,668 million, a change of + $ 3,105 million for the week. The total includes the face value of U.S. Treasury strips and other zero coupon bonds. 1 Net of $ 11,492 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 11,492 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. government securities. 2 Net of $ 12,846 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 12,846 million was with foreign official and international accounts. Includes $ 682 million securities loaned--fully secured U.S. government securities. 3 Consists of required clearing balances of $ 6,558 million and adjustments of $ 380 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 Nov 27, 1996 Nov 20, 1996 Nov 29, 1995 ---------------------------------------------------------------- ASSETS Gold certificate account 11,049 0 - 1 Special drawing rights certificate account 9,718 0 - 450 Coin 619 - 5 + 187 Loans 93 - 378 - 262 Acceptances 0 0 0 Federal agency obligations Bought outright 2,237 - 10 - 455 Held under repurchase agreements 1 2,323 + 598 + 2,323 U.S. government securities Bought outright--Bills 192,507 - 663 + 8,769 Notes 150,922 0 + 3,041 Bonds 49,339 0 + 6,729 ---------- ---------- ---------- Total bought outright 2 392,767 - 663 + 18,539 Held under repurchase agreements 1 5,988 - 2,487 + 513 ---------- ---------- ---------- Total U.S. government securities 398,755 - 3,150 + 19,052 ---------- ---------- ---------- Total loans and securities 403,407 - 2,940 + 20,658 Items in process of collection (536) 6,682 - 318 + 970 Bank premises 1,221 0 + 75 Other assets 3 29,555 + 533 - 954 ---------- ---------- ---------- TOTAL ASSETS (536) 462,251 - 2,730 + 20,485 LIABILITIES Federal Reserve notes 416,966 + 3,192 + 22,612 Deposits Depository institutions 20,158 - 5,217 - 2,813 U.S. Treasury--general account 4,688 - 431 - 1,751 Foreign--official accounts 164 - 19 - 3 Other 299 - 67 + 21 ---------- ---------- ---------- Total deposits 25,309 - 5,733 - 4,546 Deferred availability cash items (536) 5,811 - 143 + 1,121 Other liabilities and accrued dividends 4 4,666 - 42 + 151 ---------- ---------- ---------- TOTAL LIABILITIES (536) 452,752 - 2,726 + 19,337 CAPITAL ACCOUNTS Capital paid in 4,587 + 5 + 629 Surplus 3,860 0 + 177 Other capital accounts 1,052 - 10 + 343 ---------------------------------------------------------------------------------------------------------------- * 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 $ 12,846 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 682 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 $ 125 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, NOVEMBER 27, 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 86 0 Within 15 days 21,270 + 2,836 2,662 + 600 16 days to 90 days 6 0 16 days to 90 days 85,628 - 6,186 644 + 15 Over 90 days 0 0 91 days to 1 year 120,333 + 200 242 - 27 Over 1 year to 5 years 95,917 0 520 0 Over 5 years to 10 years 33,782 0 467 0 Over 10 years 41,826 0 25 0 ---------- ---------- ---------- ---------- ---------- ---------- Total 93 0 Total 398,755 - 3,150 4,560 + 588 ---------------------------------------------------------------------------------------------------------------- Components may not add to totals due to rounding. 1 H.4.1 (b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 27, 1996 Millions of dollars ---------------------------------------------------------------------------------------------------------------------------------------------------------- | Total | Boston | New York| Phila. | Cleve.| Rich. |Atlanta| Chicago |S.Louis| Minneap.|KansasC| Dallas|San Fran. ----------------------------------------------------------------------------------------------------------------------- ASSETS Gold certificate account 11,049 661 4,050 423 624 919 769 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 619 16 23 44 30 110 89 68 28 19 59 52 79 Loans 93 1 0 0 0 0 0 9 12 43 23 4 0 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Federal agency obligations Bought outright 2,237 132 832 87 131 185 149 242 105 34 70 80 189 Held under repurchase agreements 1 2,323 0 2,323 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright--Bills 192,507 11,327 71,592 7,451 11,315 15,963 12,847 20,862 9,018 2,903 6,030 6,893 16,305 Notes 150,922 8,880 56,127 5,841 8,870 12,515 10,072 16,356 7,070 2,276 4,727 5,404 12,783 Bonds 49,339 2,903 18,349 1,910 2,900 4,091 3,293 5,347 2,311 744 1,545 1,767 4,179 ----------------------------------------------------------------------------------------------------------------------- Total bought outright 2 392,767 23,110 146,068 15,201 23,085 32,570 26,212 42,565 18,400 5,924 12,303 14,064 33,266 Held under repurchase agreements 1 5,988 0 5,988 0 0 0 0 0 0 0 0 0 0 ----------------------------------------------------------------------------------------------------------------------- Total U.S. govt. securities 398,755 23,110 152,056 15,201 23,085 32,570 26,212 42,565 18,400 5,924 12,303 14,064 33,266 ----------------------------------------------------------------------------------------------------------------------- Total loans and securities 403,407 23,243 155,211 15,288 23,216 32,755 26,361 42,817 18,516 6,000 12,395 14,148 33,456 Items in process of collection 7,218 587 925 345 310 589 825 678 317 567 459 351 1,266 Bank premises 1,221 94 148 49 103 128 82 110 30 107 56 155 160 Other assets 3 29,555 1,334 9,579 1,270 1,768 2,288 2,509 3,343 866 631 1,023 1,543 3,401 Interdistrict settlement account 0 +913 -27,627 -2,609 +6,893 +4,580 -551 +849 -2,403 -603 -409 -527 +21,494 ----------------------------------------------------------------------------------------------------------------------- TOTAL ASSETS 462,787 27,484 145,694 15,206 33,488 42,204 30,828 49,984 18,248 7,034 14,183 16,553 61,880 ----------------------------------------------------------------------------------------------------------------------- 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 $ 12,846 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 682 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 $ 125 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 NOVEMBER 27, 1996 Millions of dollars ---------------------------------------------------------------------------------------------------------------------------------------------------------- | Total | Boston | New York| Phila. | Cleve.| Rich. |Atlanta| Chicago |S.Louis| Minneap.|KansasC| Dallas|San Fran. ----------------------------------------------------------------------------------------------------------------------- LIABILITIES Federal Reserve notes 416,966 25,019 132,079 13,595 30,633 39,176 27,250 44,778 16,953 5,519 12,540 13,934 55,491 Deposits Depository institutions 20,158 1,403 4,129 699 1,663 1,301 1,635 2,841 626 672 678 1,571 2,941 U.S. Treasury--general account 4,688 0 4,688 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 164 6 59 7 9 11 14 17 4 4 5 9 20 Other 299 1 118 1 3 36 5 126 0 2 4 3 1 ----------------------------------------------------------------------------------------------------------------------- Total deposits 25,309 1,409 8,993 707 1,675 1,347 1,654 2,984 630 677 688 1,582 2,962 Deferred credit items 6,347 422 730 212 312 624 730 610 201 518 416 337 1,236 Other liabilities and accrued dividends 1 4,666 274 1,603 200 270 384 330 493 223 105 181 186 417 ----------------------------------------------------------------------------------------------------------------------- TOTAL LIABILITIES 453,288 27,124 143,405 14,713 32,890 41,531 29,964 48,865 18,006 6,820 13,825 16,040 60,106 CAPITAL ACCOUNTS Capital paid in 4,587 170 1,058 257 290 318 424 543 114 106 176 253 878 Surplus 3,860 166 1,028 185 252 284 379 460 95 96 148 240 527 Other capital accounts 1,052 24 203 50 56 71 62 117 33 12 35 20 369 ----------------------------------------------------------------------------------------------------------------------- ACCOUNTS 462,787 27,484 145,694 15,206 33,488 42,204 30,828 49,984 18,248 7,034 14,183 16,553 61,880 ---------------------------------------------------------------------------------------------------------------------------------------------------------- FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 529,445 30,326 181,712 16,169 33,449 46,185 34,923 52,460 19,974 7,147 14,442 21,230 71,427 Less--Held by F.R. Banks 112,479 5,308 49,634 2,574 2,816 7,009 7,673 7,682 3,021 1,629 1,902 7,296 15,936 ----------------------------------------------------------------------------------------------------------------------- F.R. notes, net 416,966 25,019 132,079 13,595 30,633 39,176 27,250 44,778 16,953 5,519 12,540 13,934 55,491 Collateral held against F.R. notes Gold certificate account 11,049 Special drawing rights certificate account 9,718 Other eligible assets 0 U.S. govt. and agency securities 396,199 ------------ Total collateral 416,966 ----------------------------------------------------------------------------------------------------------------------- 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.