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 January 9, 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 Jan 8, 1997 Jan 1, 1997 Jan 10, 1996 Jan 8, 1997 ________________________________________________________________________________________________________________ Reserve Bank credit 1 2 441,333 - 6,333 + 19,831 438,910 U.S. government securities Bought outright--system account 391,911 - 471 + 13,487 392,321 Held under repurchase agreements 12,417 - 4,173 + 9,862 9,775 Federal agency obligations Bought outright 2,225 0 - 409 2,225 Held under repurchase agreements 1,630 + 277 + 59 2,184 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 43 + 3 + 39 33 Seasonal credit 19 - 38 + 15 18 Extended credit 0 0 0 0 Float 1,349 - 1,269 - 2,600 283 Other F.R. assets 31,738 - 661 - 621 32,071 Gold stock 11,048 0 - 2 11,048 Special drawing rights certificate account 9,718 0 - 450 9,718 Treasury currency outstanding 24,992 + 14 + 957 24,992 -------------------------------------------------------- Total factors supplying reserve funds 487,091 - 6,319 + 20,336 484,668 Currency in circulation* 448,283 - 1,596 + 26,743 446,669 Treasury cash holdings* 249 0 + 31 246 Deposits, other than reserve balances, with F.R. Banks Treasury 4,479 - 1,846 - 834 5,062 Foreign 177 + 7 - 5 169 Service-related balances and adjustments 3 6,881 - 12 + 1,208 6,881 Other 246 - 189 + 14 236 Other F.R. liabilities and capital 14,006 - 335 + 1,412 13,953 -------------------------------------------------------- Total factors, other than reserve balances, absorbing reserve funds 474,321 - 3,972 + 28,570 473,216 Reserve balances with F.R. Banks 4 12,770 - 2,347 - 8,234 11,452 ---------------------------------------------------------------------------------------------------------------- On January 8, 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 $ 617,935 million, a change of - $ 139 million for the week. The total includes the face value of U.S. Treasury strips and other zero coupon bonds. 1 Net of $ 13,702 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 13,702 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. government securities. 2 Net of $ 13,292 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 13,292 million was with foreign official and international accounts. Includes $ 0 million securities loaned--fully secured U.S. government securities. 3 Consists of required clearing balances of $ 6,550 million and adjustments of $ 331 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 Jan 8, 1997 Jan 1, 1997 Jan 10, 1996 ---------------------------------------------------------------- ASSETS Gold certificate account 11,048 0 - 2 Special drawing rights certificate account 9,718 0 - 450 Coin 587 - 4 + 170 Loans 51 - 34 + 43 Acceptances 0 0 0 Federal agency obligations Bought outright 2,225 0 - 409 Held under repurchase agreements 1 2,184 + 572 + 2,184 U.S. government securities Bought outright--Bills 192,060 + 1,414 + 10,599 Notes 150,922 0 - 91 Bonds 49,339 0 + 5,270 ---------- ---------- ---------- Total bought outright 2 392,321 + 1,414 + 15,778 Held under repurchase agreements 1 9,775 - 10,196 + 9,775 ---------- ---------- ---------- Total U.S. government securities 402,096 - 8,782 + 25,553 ---------- ---------- ---------- Total loans and securities 406,556 - 8,244 + 27,371 Items in process of collection (369) 7,519 - 5,241 - 2,914 Bank premises 1,236 + 3 + 106 Other assets 3 30,874 - 115 - 337 ---------- ---------- ---------- TOTAL ASSETS (369) 467,538 - 13,602 + 23,943 LIABILITIES Federal Reserve notes 422,511 - 4,011 + 25,287 Deposits Depository institutions 19,325 - 5,199 - 3,031 U.S. Treasury--general account 5,062 - 2,680 - 734 Foreign--official accounts 169 + 2 - 8 Other 236 - 656 0 ---------- ---------- ---------- Total deposits 24,792 - 8,533 - 3,773 Deferred availability cash items (369) 6,282 - 1,181 + 1,032 Other liabilities and accrued dividends 4 4,465 - 267 + 323 ---------- ---------- ---------- TOTAL LIABILITIES (369) 458,050 - 13,993 + 22,870 CAPITAL ACCOUNTS Capital paid in 4,600 - 2 + 616 Surplus 4,496 0 + 529 Other capital accounts 393 + 393 - 73 ---------------------------------------------------------------------------------------------------------------- * 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 $ 13,292 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 0 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 $ 79 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, JANUARY 8, 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 securities obligations -------------------------------------------- Loans Acceptances Weekly Weekly Holdings changes Holdings changes ---------------------------------------------------------------------------------------------------------------- Within 15 days 42 0 Within 15 days 23,316 - 4,530 2,371 + 309 16 days to 90 days 10 0 16 days to 90 days 89,639 + 603 797 + 255 Over 90 days 0 0 91 days to 1 year 117,925 - 4,855 240 + 8 Over 1 year to 5 years 95,608 0 520 0 Over 5 years to 10 years 33,782 0 457 0 Over 10 years 41,826 0 25 0 ---------- ---------- ---------- ---------- ---------- ---------- Total 51 0 Total 402,096 - 8,782 4,409 + 572 ---------------------------------------------------------------------------------------------------------------- Components may not add to totals due to rounding. 1 H.4.1 (b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JANUARY 8, 1997 Millions of dollars ---------------------------------------------------------------------------------------------------------------------------------------------------------- | Total | Boston | New York| Phila. | Cleve.| Rich. |Atlanta| Chicago |S.Louis| Minneap.|KansasC| Dallas|San Fran. ----------------------------------------------------------------------------------------------------------------------- ASSETS Gold certificate account 11,048 661 4,049 423 624 919 769 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 587 12 20 43 24 114 79 70 31 19 53 50 71 Loans 51 3 0 0 0 0 0 8 23 0 10 0 7 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Federal agency obligations Bought outright 2,225 131 827 86 131 184 148 241 104 34 70 80 188 Held under repurchase agreements 1 2,184 0 2,184 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright--Bills 192,060 11,301 71,426 7,433 11,288 15,926 12,817 20,814 8,997 2,897 6,016 6,877 16,267 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 2 392,321 23,084 145,902 15,184 23,059 32,533 26,182 42,517 18,379 5,917 12,289 14,048 33,228 Held under repurchase agreements 1 9,775 0 9,775 0 0 0 0 0 0 0 0 0 0 ----------------------------------------------------------------------------------------------------------------------- Total U.S. govt. securities 402,096 23,084 155,677 15,184 23,059 32,533 26,182 42,517 18,379 5,917 12,289 14,048 33,228 ----------------------------------------------------------------------------------------------------------------------- Total loans and securities 406,556 23,217 158,689 15,270 23,190 32,717 26,330 42,766 18,506 5,950 12,368 14,128 33,424 Items in process of collection 7,888 509 1,025 320 258 701 986 732 331 523 594 520 1,388 Bank premises 1,236 95 150 50 108 128 80 110 31 114 56 155 160 Other assets 3 30,874 1,383 10,547 1,295 1,806 2,353 2,545 3,370 903 637 1,042 1,554 3,439 Interdistrict settlement account 0 +713 -24,287 -2,642 +4,989 +4,247 -532 -335 -2,835 -858 -958 +572 +21,925 ----------------------------------------------------------------------------------------------------------------------- TOTAL ASSETS 467,907 27,227 153,579 15,155 31,542 42,016 31,003 48,832 17,860 6,696 13,756 17,811 62,432 ----------------------------------------------------------------------------------------------------------------------- 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 $ 13,292 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 0 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 $ 79 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 JANUARY 8, 1997 Millions of dollars ---------------------------------------------------------------------------------------------------------------------------------------------------------- | Total | Boston | New York| Phila. | Cleve.| Rich. |Atlanta| Chicago |S.Louis| Minneap.|KansasC| Dallas|San Fran. ----------------------------------------------------------------------------------------------------------------------- LIABILITIES Federal Reserve notes 422,511 25,048 140,142 13,423 29,618 38,180 26,711 44,351 16,588 5,432 12,172 15,088 55,758 Deposits Depository institutions 19,325 1,110 3,556 755 821 2,222 2,251 2,267 582 408 639 1,689 3,024 U.S. Treasury--general account 5,062 0 5,062 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 169 6 64 7 9 11 14 17 4 4 5 9 20 Other 236 1 115 2 4 16 12 81 0 1 2 2 1 ----------------------------------------------------------------------------------------------------------------------- Total deposits 24,792 1,117 8,796 764 835 2,248 2,277 2,365 586 413 646 1,700 3,045 Deferred credit items 6,651 434 850 220 231 566 836 539 230 539 416 326 1,465 Other liabilities and accrued dividends 1 4,465 264 1,559 192 256 362 314 473 212 97 169 177 389 ----------------------------------------------------------------------------------------------------------------------- TOTAL LIABILITIES 458,419 26,863 151,347 14,599 30,940 41,356 30,137 47,728 17,615 6,481 13,405 17,291 60,656 CAPITAL ACCOUNTS Capital paid in 4,600 172 1,051 273 293 318 425 537 114 107 172 257 880 Surplus 4,496 168 1,023 268 286 310 415 524 112 104 171 250 865 Other capital accounts 393 24 157 14 23 31 26 42 18 5 9 13 30 ----------------------------------------------------------------------------------------------------------------------- ACCOUNTS 467,907 27,227 153,579 15,155 31,542 42,016 31,003 48,832 17,860 6,696 13,756 17,811 62,432 ---------------------------------------------------------------------------------------------------------------------------------------------------------- FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 524,851 30,272 183,211 16,091 32,775 45,100 34,198 51,357 19,402 6,995 14,063 20,851 70,535 Less--Held by F.R. Banks 102,340 5,224 43,069 2,669 3,157 6,920 7,487 7,006 2,814 1,564 1,890 5,763 14,777 ----------------------------------------------------------------------------------------------------------------------- F.R. notes, net 422,511 25,048 140,142 13,423 29,618 38,180 26,711 44,351 16,588 5,432 12,172 15,088 55,758 Collateral held against F.R. notes Gold certificate account 11,048 Special drawing rights certificate account 9,718 Other eligible assets 0 U.S. govt. and agency securities 401,745 ------------ Total collateral 422,511 ----------------------------------------------------------------------------------------------------------------------- 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.