Comparative Financial Statements

Statement of Condition
(in millions)

 

 For the year ended:
 

 December 31,
1997

December 31,
1996
                                                                                                                
  Assets    
 Gold certificates

 $669

 $624 

 Special drawing rights certificates

 574

 543 

 Coin

 27

 25 

 Items in process of collection

 352

 688 

 U.S. government and federal agency
    securities, net

 
30,020

 
23,173 

Investments denominated in foreign
  currencies

 1,083

 1,257 

 Accrued interest receivable

 284

 209 

 Interdistrict settlement account

 0

 5,007 

 Bank premises and equipment, net

 162

 131 

 Other assets

22

23 

                                                                                                                
 Total assets

  $33,193

  $31,680  

                                                                                                                

 

Liabilities and Capital

   
 
Liabilities
   
Federal Reserve notes outstanding, net

 $28,441

 $29,861 

 Deposits:    
 Depository institutions

 1,815

 856 

 Other deposits

 11

 15 

 Deferred credit items

 235

 280 

Statutory surplus transfer due U.S.  Treasury

 52

 37 

 Interdistrict settlement account

 1,888

 0 

 Accrued benefit cost

 46

 43 

 Other liabilities

 21

 10 

                                                                                                                
Total liabilities

 32,509

 31,102 

                                                                                                                

 

Capital

   
 Capital paid in

 349

 292 

 Surplus

335

286 

                                                                                                                
Total capital

684

578 

                                                                                                                
Total liabilities and capital

$33,193

$31,680

                                                                                                                

These statements are prepared by Bank management. Copies of full and final financial statements, complete with footnotes, are available by writing to the Corporate Communications & Community Affairs Department of the Federal Reserve Bank of Cleveland, P.O. Box 6387, Cleveland, OH 44101, or by calling (216) 579-2001 (key in 1-5-3).