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;^g&?; 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. ?f^f!P*: H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks Reserve balances of depository institutions at F.R Banks, Reserve Bank credit, and related items December 15, 1988 Averages of daily figures (millions of dollars) Change from week ended Wednesday Week ended Dec. 16b 1987 Dec. 14, 1988 Dec. 14, 1988 Dec. 7, 1988 Reserve Bank credit: 1- 2 U.S. government securitiesBought outright—system account Held under repurchase agreements Federal agency obligationsBought outright Held under repurchase agreements AcceptancesBought outright Held under repurchase agreements Loans to depository institutions Includes: seasonal borrowing of extended credit of Float Other F.R. assets Gold stock Special Drawing Rights certificate account Treasury currency outstanding Total factors supplying reserve funds 262,424 + 479 + 17,374 261,481 232,906 360 + 1,286 360 + + 13,900 360 231,313 239 7,066 348 + 36 348 + 492 348 7,018 74 1,137 35 910 535 2,656 19 Currency in circulation* Treasury cash holdings* Deposits, other than reserve balances, with F.R. Banks: Treasury Foreign Service-related balances and adjustments3 Other Other F.R. liabilities and capital Total factors, other than reserve balances, absorbing reserve funds 243,389 405 Reserve balances with F.R. Banks 4 2,012 122 1,599 1,407 18,324 11,062 5,018 18,759 297,262 4 17 141 1,263 167 + + + 14 493 + + 611 17,965 2,197 124 1,721 2,300 18,340 11,061 5,018 18,771 296,331 + 16,942 50 243,944 405 10 + + + 938 + 7 4,807 237 2,073 310 7,930 + 501 47 74 7 144 259,151 + 38,111 + + + + 4 + 55 11 624 4,638 233 1,612 300 7,695 1,173 + 17,445 258,827 680 + 520 37,504 On December 14, 1988 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 234,513 million, a decrease of $ 500 million for the week. 1 Net of $ 4,947 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 4,711 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 6,744 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 5,091 million was with foreign official and international accounts. Includes $ 1,179 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ l v 612 million and adjustments of $ 461 million to compensate for float. 4 Excludes required clearing balances and adjustments to compensate for float. * Estimated (Treasury's figures). Worksheet for H.4.1 (a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS Millions of dollars * ASSETS Gold certificate account Special Drawing Rights certificate account Coin Loans Acceptances— Change since Wednesday Wednesday December 7, 1988 December K , 1987 Wednesday December 14, 1988 I 11,061 5,018 429 2,197 I Held under repurchase agreements Federal agency obligations-* Bought outright Meld under repurchase agreements 1 U.S. government securities: Bought outright—Bills Notes Bonds Total bought outright? Held under repurchase agreements 1 Total U.S. government securities Total loans and securities Cash items in process of collection Bank premises Other asset83 TOTAL ASSETS (1,450) (1,450) LIABILITIES Federal Reserve notes Deposits: Depository institutions U.S. Treasury—general account Foreign—official accounts Other Total deposits Deferred availability cash items Other liabilities and accrued dividends4 TOTAL LIABILITIES (1,450) (1,450) CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts 1 - 2 + 3 + 0 — + + 2 1 378 4 1,361 7,018 74 84 74 + 538 74 110,793 90,590 29,930 231,313 239 231,552 240,841 8,941 745 17,595 284,630 2,213 75 2,138 239 1,899 1,531 38 94 1,455 + + + + + + + + + + 5,293 7,517 1,588 14,598 239 14,337 15,734 3 , J20 46 2 , >32 14, '06 226,007 910 + 16,^35 39,116 4,638 233 300 44,287 6,641 3,099 280,034 2,745 453 18 45 2,355 24 17 1,452 + + + 3,125 4,-98 37 59 1,269 1.C60 401 14,f07 2,110 2,047 439 3 + — + 6 - 77 174 52 — — Figures In parentheses are the eliminations made in the consolidating process. Does not include U.S. government and federal agency securities resold under matched sale-purchase transactions to foreign off iciai and international accounts of which $ - o - million was outstanding at the end of the latest statement week. Net of $ 6,744 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $1,179 million securities loaned—fully secured by U.S. government securities. Includes assets denominated in foreign currencies, revalued monthly at market exchange rotes, Includes special investment account at Chicago of $ n o million in Treasury bills maturing within 90 days. Includes exchange-translation account reflecting the monthly revaluation at market exchange ratec of foreign exchange commitments. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, December 14, 1988 Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements. Loans Within 15 days 16 days to 90 days 91 days to 1 year Over 1 year to 5 years Over 5 years to 10 years Over 10 years Total 2,132 65 — — — — 2,197 Acceptances — — — — ~ mm _ U.S. government securities (Weekly changes Holdings 7,978 53,691 75,079 55,326 12,569 26,909 231,552 - + + 3,384 1,457 28 _, 1,899 — — — Federal agency obligations Holdings [Weekly changes 153 831 1,483 3,368 1,068 189 7,092 + + 69 54 45 45 25 — 10 H.4.1 (c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON Millions of dollars Total LIABILITIES Federal Reserve notes Deposits: Depository institutions U.S. Treasury—general account Foreign-official accounts Other Total deposits Deferred credit items Other liabilities and accrued dividends 1 TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding Less-Held by F.R. Banks F.R. notes, net Collateral held against F.R. notes: Gold certificate account Special Drawing Rights certif. ace Other eligible assets U.S. govt, and agency securities Total collateral December 14, 1988 Richmond Atlanta Chicago St. Louis 13,547 20,037 8,331 29,289 7,752 4,029 1,581 3,253 3,810 3,709 1,116 873 Boston New York 226,007 14,081 77,289 6,411 39,116 4,638 233 300 44,287 8,091 2,508 1,560 5 2 2,515 386 9,008 4,638 123 132 13,901 923 7 2 1,569 529 8 1 1,590 308 9 26 3,288 470 13 3 3,826 804 19 124 3,852 647 3,099 281,484 192 17,174 1,085 93,198 89 8,598 175 15,620 232 24,027 148 13,109 2,110 2,047 439 75 68 28 564 541 151 103 97 16 114 113 23 123 114 37 286,080 17,345 94,454 8,814 15,870 273,231 47,224 226,007 17,058 2,977 14,081 84,542 7,253 77,289 10,015 3,604 6,411 16,313 2,766 13,547 — Philadelphia — Cleveland — — — — — San Francisco Kansas City Dallas 9,740 . 11,540 23,961 2,230 8,232 1,236 — — — 1,120 500 5 1 879 393 6 1 1,243 1,155 13 3 2,246 505 21 5 8,258 1,471 372 34,160 89 9,461 48 5,349 116 12,254 170 14,461 383 34,073 196 181 32 273 261 63 59 58 11 67 63 9 158 175 7 291 291 48 24,301 13,518 34,757 9,589 5,488 12,440 14,801 34,703 23,760 3,723 20,037 12,462 4,131 8,331 33,343 4,054 29,289 9,532 1,780 7,752 4,916 887 4,029 12,309 2,569 9,740 14,751 3,211 11,540 34,230 10,269 23,961 11,061 5,018 -0209,928 226,007 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. — Minneapolis 4 — 87 85 14 H.4.1 (b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON Millions of dollars ASSETS Gold certificate account Special Drawing Rights cert if. acct. Coin Loans Acceptances held under repurchase agreements Federal agency obligations: Bought outright Held under repurchase agreements 1 U.S. government securities: Bought outright-Bills Notes Bonds Total bought outright 2 Held under repurchase agreements Total U.S. government securities Total loans and securities items in process of collection Bank premises Other assets 3 Interdistrict settlement account TOTAL ASSETS 1 December 14, 1988 St. Louis Minneapolis Kansas City 1,394 656 368 160 168 66 44 17 47 27 30 83 545 327 852 207 — — — Total Boston New York Philadelphia Cleveland 11,061 5,018 680 314 3.311 1.489 389 162 655 314 917 461 584 203 429 2,197 21 13 16 6 31 58 28 5 63 6 7,018 74 426 2,398 74 199 405 110,793 6,724 37,864 90,590 29,930 5,498 1,816 231,313 239 231,552 14,038 240,841 10,391 745 17,595 -0286.080 — — — Richmond Atlanta Chicago — Dallas San Francisco 490 216 676 307 1,429 670. 12 13 32 76 32 1,718 73 175 100 264 394 901 — — — 3,141 6,400 8,602 5,166 13,451 3,260 1,578 4,167 6,214 14,226 30,960 10,228 2,568 849 5,233 1,729 7,034 2,324 4,224 1,396 10,998 3,633 2,665 881 1,290 427 3,407 1,126 5,081 1,678 11,632 3,843 13,362 17,960 10,786 28,082 6,806 3,295 8,700 12,973 29,701 14,038 79,052 239 79,291 6,558 — 6,558 13,362 17,960 10,786 28,082 6,806 3,295 8,700 12,973 29,701 14,477 508 91 596 + 658 17,345 81,769 1,156 32 4,159 + 2,522 94,454 6,815 502 46 590 + 279 8,814 13,772 347 32 797 - 75 15,870 18,511 916 123 972 + 2,338 24,301 11,130 793 59 1,081 - 376 13,518 28,961 1,100 98 4,255 - 1,754 34,757 7,096 581 20 406 + 928 9,589 3,408 450 24 373 + 987 5,488 9,040 1,230 47 328 + 1,057 12,440 15,085 539 22 2,091 - 3,951 14*801 30,777 2,269 151 1,947 - 2,613 34,703 — — — — — — — 1 uoes 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 $ 6,744 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $1,179 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 $ 110 million in Treasury Bills maturing within 90 day?. — — — —