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 October 16, 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 Oct 15, 1997 Oct 8, 1997 Oct 16, 1996 Oct 15, 1997 Reserve Bank Credit (1,2) 453,978 + 2,655 + 26,068 457,001 U.S. government securities Bought outright-system account (3) 413,270 + 50 + 26,155 414,233 Held under repurchase agreements 6,152 + 2,046 + 2,207 7,040 Federal agency obligations Bought outright 833 - 33 - 1,477 761 Held under repurchase agreements 1,256 + 116 - 368 905 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 8 - 83 - 150 17 Seasonal credit 232 - 44 + 19 221 Extended credit 0 0 0 0 Float 607 + 331 - 300 1526 Other F.R. assets 31,620 + 271 - 18 32,298 Gold stock 11,050 0 + 1 11,050 Special drawing rights certificate account 9,200 0 - 518 9,200 Treasury currency outstanding 25,516 + 14 + 689 25,516 Total factors supplying reserve funds 499,744 + 2,669 + 26,240 502,767 Currency in circulation* 461,769 + 2,606 + 27,846 462,824 Treasury cash holdings* 242 - 14 - 50 240 Deposits,other than reserve balances,with F.R.Banks Treasury 5,110 - 292 + 225 5,174 Foreign 176 - 31 - 3 164 Service-related balances and adjustments (4) 7,010 + 48 + 208 7,010 Other 382 + 7 + 1 381 Other F.R. liabilities and capital 15,842 - 200 + 2,008 15,599 Total factors, other than reserve balances, absorbing reserve funds 490,531 + 2,123 + 30,235 491,392 Reserve balances with F.R. Banks (5) 9,214 + 546 - 3,995 11,375 On October 15, 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 $ 635,857 million, a change of + $ 2,314 million for the week. The total includes the face value of U.S. Treasury strips and other zero coupon bonds. 1 Net of $ 14,607 million daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 14,607 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. government securities. 2 Net of $ 14,504 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 14,504 million was with foreign official and international accounts. Includes $ 179 million securities loaned--fully secured U.S. government securities. 3 Includes $ 1,550 million of inflation-indexed securities valued at the original face amount and $ 13 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Consists of required clearing balances of $ 6,768 million and adjustments of $ 242 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 Oct 15, 1997 Oct 8, 1997 Oct 16, 1996 ASSETS Gold certificate account 11,050 0 + 1 Special drawing rights certificate account 9,200 0 - 518 Coin 524 - 3 - 86 Loans 238 - 45 - 671 Acceptances 0 0 0 Federal agency obligations Bought outright 761 - 105 - 1,549 Held under repurchase agreements (1) 905 - 817 + 81 U.S. government securities Bought outright--Bills 195,100 - 184 + 8,305 Notes (2) 163,074 - 64 + 10,683 Bonds 56,059 + 1,068 + 8,190 Total bought outright (3) 414,233 + 819 + 27,178 Held under repurchase agreements (1) 7,040 - 514 + 5,785 Total U.S. government securities 421,273 + 305 + 32,963 Total loans and securities 423,177 - 662 + 30,824 Items in process of collection (495) 12,299 + 4,893 - 418 Bank premises 1,271 + 3 + 58 Other assets (4) 31,022 + 588 + 653 TOTAL ASSETS (495) 488,543 + 4,819 + 30,513 LIABILITIES Federal Reserve notes 438,072 + 1,736 + 27,297 Deposits Depository institutions 19,103 - 621 - 1,248 U.S. Treasury--general account 5,174 + 316 + 1,581 Foreign--official accounts 164 0 - 1 Other (1) 381 + 7 + 15 Total deposits (1) 24,822 - 298 + 347 Deferred availability cash items (494) 10,050 + 3,437 + 930 Other liabilities and accrued dividends (5) 4,682 - 80 + 411 TOTAL LIABILITIES (495) 477,626 + 4,795 + 28,985 CAPITAL ACCOUNTS Capital paid in 5,252 + 7 + 719 Surplus 4,389 0 + 528 Other capital accounts 1,277 + 17 + 281 *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 $ 1,550 million of inflation-indexed securities valued at the original face amount and $ 13 million of compensation that adjusts for the effects of inflation on the principal of such securities. 3 Net of $ 14,504 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 179 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 $ 150 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, OCTOBER 15, 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 43 0 Within 15 days 20,717 + 548 955 - 887 16 days to 90 195 0 16 days to 90 days 91,089 + 4,512 26 - 35 Over 90 days 0 0 91 days to 1 year 134,293 - 5,574 202 0 Over 1 year to 5 years 91,356 - 600 203 0 Over 5 years to 10 years 38,429 + 771 255 0 Over 10 years 45,389 + 648 25 0 Total 238 0 Total 421,273 + 305 1666 - 921 1 Includes $ 1,550 million of inflation-indexed securities valued at the original face amount and $ 13 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 OCTOBER 15, 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 11,050 624 3,937 350 669 965 723 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 524 23 20 53 33 70 64 64 19 22 31 47 76 Loans 238 2 0 11 2 0 4 36 59 81 39 3 2 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Federal agency obligations Bought outright 761 46 246 25 53 72 51 81 30 11 22 28 96 Held under repurchase agreements(1) 905 0 905 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright--Bills 195,100 11,894 63,105 6,522 13,495 18,563 13,019 20,810 7,771 2,717 5,571 7,085 24,547 Notes (2) 163,074 9,941 52,747 5,452 11,280 15,516 10,882 17,394 6,495 2,271 4,656 5,922 20,517 Bonds 56,059 3,417 18,132 1,874 3,878 5,334 3,741 5,980 2,233 781 1,601 2,036 7,053 Total bought outright(3) 414,233 25,253 133,984 13,848 28,653 39,413 27,642 44,184 16,498 5,769 11,828 15,043 52,117 Held under repurchase agreements(1) 7,040 0 7,040 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 421,273 25,253 141,024 13,848 28,653 39,413 27,642 44,184 16,498 5,769 11,828 15,043 52,117 Total loans and securities 423,177 25,301 142,175 13,884 28,708 39,485 27,696 44,301 16,587 5,861 11,889 15,074 52,215 Items in process of collection 12,794 757 1,597 412 568 1,088 1,429 913 593 1,185 610 738 2,905 Bank premises 1,271 94 153 50 125 126 77 108 31 143 55 150 159 Other assets(4) 31,022 1,307 9,805 1,419 1,863 2,357 2,377 3,334 861 580 987 1,405 4,728 Interdistrict settlement account -0 -2791 20516 -2279 -2084 -7710 -2090 -3440 -1735 -1486 362 3937 -1202 TOTAL ASSETS 489,038 25,846 181,405 14,171 30,457 37,173 30,879 47,249 17,096 6,574 14,467 22,178 61,542 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 $ 1,550 million of inflation-indexed securities valued at the original face amount and $ 13 million of compensation that adjusts for the effects of inflation on the principal of such securities. 3 Net of $ 14,504 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 179 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 $ 150 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 OCTOBER 15, 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 438,072 23,296 165,423 12,089 28,133 33,098 27,276 42,449 15,598 4,429 12,650 19,662 53,968 Deposits Depository institutions 19,103 1,230 5,656 977 759 981 1,521 2,207 684 747 749 1,322 2,269 U.S. Treasury--general account 5,174 0 5,174 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 164 5 53 9 9 10 13 17 4 3 5 8 28 Other 381 1 108 4 4 102 3 152 0 1 4 1 1 Total deposits 24,823 1,237 10,991 990 771 1,093 1,538 2,376 688 751 759 1,332 2,298 Deferred credit items 10,545 642 1,217 344 492 902 985 881 393 902 589 445 2,755 Other liabilities and accrued dividends (1) 4,682 280 1,461 183 310 434 328 491 196 98 164 186 551 TOTAL LIABILITIES 478,121 25,454 179,092 13,605 29,706 35,526 30,126 46,196 16,874 6,181 14,162 21,625 59,573 CAPITAL ACCOUNTS Capital paid in 5,252 187 1,101 281 366 811 315 514 105 197 125 275 974 Surplus 4,389 164 999 262 279 303 405 512 109 101 167 244 845 Other capital accounts 1,277 41 213 23 106 533 33 27 8 96 13 33 151 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 489,038 25,846 181,405 14,171 30,457 37,173 30,879 47,249 17,096 6,574 14,467 22,178 61,542 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 551,608 29,685 205,376 15,801 32,875 40,077 36,761 50,933 17,988 6,220 15,448 26,639 73,805 Less--Held by F.R. Banks 113,536 6,389 39,953 3,712 4,742 6,979 9,485 8,484 2,389 1,790 2,798 6,977 19,837 F.R. notes, net 438,072 23,296 165,423 12,089 28,133 33,098 27,276 42,449 15,598 4,429 12,650 19,662 53,968 Collateral held against F.R. notes Gold certificate account 11,050 Special drawing rights certificate account 9,200 Other eligible assets 0 U.S. govt. and agency securities 417,822 Total collateral 438,072 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.