H.4.1 Factors Affecting Reserve Balances of Depository Institutions

•VP^§£«; FEDERAL RESERVE &F.- Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks H.4.1 For release at 4:30 p.m. Eastern time February 21, 1985 Averages of daily figures (millions of dollars) RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt FF..RR.. BBaannkkss,, Week ended Change from week ended Wednesday RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss February 20, FFeebbrruuaarryy 1133,, February 22, February 20, 1985 11998855 1984 1985 Reserve Bank credit: 1> 2 179,662 + 112 +12,857 182,216 U.S. government securities- Bought outright—system account 154,608 - 1,086 + 5,967 154,743 Held under repurchase agreements 3,033 + 2,071 + 3,033 3,329 Federal agency obligations- Bought outright 8,372 10 - 196 8,372 Held under repurchase agreements 256 54 + 256 304 Acceptances- Bought outright ,-- — -~ — Held under repurchase agreements — — — — Loans to depository institutions 994 - 101 +. 360 1,168 Includes: seasonal borrowing of 76 + 14 38 77 extended credit of 534 201 + 528 802 Float 966 + 246 36 2,885 Other F.R. assets 11,433 954 + 3,472 11,415 Gold stock 11,094 — 23 11,094 Special Drawing Rights certificate account 4,618 -.. — 4,618 Treasury currency outstanding 16,506 + 14 + 684 16,518 Total factors supplying reserve funds 211,880 + 126 +13,518 214,446 Currency in circulation* 178,700 + 221 +11,273 178,934 Treasury cash holdings* 556 + 7 + 67 555 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,819 978 - 1,045 3,916 Foreign 236 + 26 + 21 244 Service-related balances and adjustments 3 1,865 + 275 + 554 1,192 Other 508 13 58 473 Other F.R. liabilities and capital 6,026 + 18 + 606 5,926 Total factors, other than reserve balances, absorbing reserve funds 191,710 444 +11,418 191,240 Reserve balances with F.R. Banks 4 20,169 + 570 + 2,099 23,206 On February 20, 1985 » marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 117,145 million, an increase of $ 919 million for the week. 1 Net of $ 3,795 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,795 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 3,885 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 3,885 million was with foreign official and international accounts. Includes $ 532 million securities loaned—fully secured by U.S. government securities. 3 Consists of required clearing balances of $1,192 million and adjustments of $ 673 million to compensate for float. 4 Excludes required clearing balances and adjustments to compensate for float. * Estimated (Treasury's figures). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1 (a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS Millions of dollars Change since ** WWeeddnneessddaayy Wednesday, Wednesday February 20, 1985 February 13, 1985 February 22, 1984 ASSETS Gold certificate account 11,094 — - 23 Special Drawing Rights certificate account 4,618 — — Coin 537 + 10 + 6 Loans 1,168 - 445 + 792 Acceptances- Held under repurchase agreements — — — Federal agency obligations- Bought outright 8,372 — - 196 Held under repurchase agreements1 304 + 304 + 304 U.S. government securities: Bought outright—Bills 66,655 - 2,908 + 2,200 Notes 64,644 - 493 + 1,723 Bonds 23,444 + 493 + 1,917 Total bought outright 2 154,743 - 2,908 + 5,840 Held under repurchase agreements 1 3,329 + 3,329 + 3,329 Total U.S. government securities 158,072 + 421 + 9,169 Total loans and securities 167,916 + 280 + 10,069 Cash items in process of collection (1,181) 12,398 + 4,505 + 726 Bank premises 570 — + 21 Other assets 3 10,845 - 1,184 + 3,309 TOTAL ASSETS (1,181) 207,978 + 3,611 + 14,108 LIABILITIES Federal Reserve notes 163,508 + 149 + 10,684 Deposits: Depository institutions 24,398 - 325 + 5,189 U.S. Treasury—general account 3,916 58 _ 1,777 Foreign—official accounts 244 24 + 49 Other ( 7) 473 6 _ 51 Total deposits ( 7) 29,031 - 413 + 3,410 Deferred availability cash items (1,174) 9,513 + 3,809 _ 632 Other liabilities and accrued dividends* 2,284 + 48 + 258 TOTAL LIABILITIES (1,181) 204,336 + 3,593 + 13,720 CAPITAL ACCOUNTS Capital paid in 1,664 + 3 + 186 Surplus 1,626 + 161 Other capital accounts 152 ± 15 + U 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 official and international accounts of which $ -0- million was outstanding at the end of the latest statement week. Net of $ 3,885 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 532 million securities loaned—fully secured by U.S. government securities. Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes special investment account at Chicago of $ 53 million in Treasury bills maturing within 90 days. Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange com mitments. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, February 20, 1985 Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements. U.S. government securities Federal agency obligations LLooaannss AAcccceeppttaanncceess Holdings Weekly changes Holdings |Weekly changes Within 15 days 1,164 — 10,191 - 1,043 485 + 403 16 days to 90 days 4 — 32,350 + 3,110 582 - 100 91 days to 1 year — — 43,430 - 2,413 1,748 — Over 1 year to 5 years — — 36,859 242 4,230 + 1 Over 5 years to 10 years — — 14,546 + 546 1,232 — Over 10 years — II! 20,696 + 463 399 — Total 1,168 158,072 + 421 8,676 II! 20,696 + 463 399 158,072 + 421 8,676 + 304 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1 (b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON February 20, 1985 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco ASSETS Gold certificate account 11,094 599 3,355 515 617 969 360 1,510 357 160 608 726 1,318 Special Drawing Rights certif. acct. 4,618 241 1,335 225 302 408 161 646 170 61 241 310 518 Coin 537 30 21 19 44 72 60 35 32 21 53 39 111 Loans 1,168 22 - 47 1 81 - 783 17 11 138 5 63 Acceptances held under repurchase agreements — — — — — — — — — — — — — Federal agency obligations: Bought outright 8,372 421 2,811 281 464 698 199 1,143 240 113 399 530 1,073 Held under repurchase agreements 1 304 — 304 — — — — — — — U.S. government securities: Bought outright—Bills 66,655 3,355 22,377 2,239 3,691 5,555 1,583 9,100 1,912 897 3,177 4,223 8,546 Certificates: Special Other Notes 64,644 3,253 21,702 2,172 3,579 5,388 1,536 8,825 1,855 870 3,080 4,095 8,289 Bonds 23,444 1,180 7,870 788 1,298 1,954 557 3,201 672 316 1,117 1,485 3,006 Total bought outright 2 154,743 7,788 51,949 5,199 8,568 12,897 3,676 21,126 4,439 2 ,083 7,374 9,803 19,841 Held under repurchase agreements 1 3,329 — 3,329 ~ — — — — __ — — — Total U.S. government securities 158,072 7,788 55,278 5,199 8,568 12,897 3,676 21,126 4,439 2 ,083 7,374 9,803 19,841 Total loans and securities 167,916 8,231 58,393 5,527 9,033 13,676 3,875 23,052 4,696 2 ,207 7,911 10,338 20,977 Cash items in process of collection 13,579 618 1,502 614 667 643 1,565 1,252 693 626 1,856 1,125 2,418 Bank premises 570 95 25 49 28 103 41 21 17 25 36 19 111 Other assets 3 10,845 249 1,884 303 401 420 489 4,501 198 174 314 950 962 Interdistrict settlement account -0- + 1,221 310 - 124 + 521 + 1,170 + 456 - 4,011 + 8 + 54 - 794 + 306 + 1,503 TOTAL ASSETS 209,159 11,284 66,205 7,128 11,613 17,461 7,007 27,006 6,171 3 ,328 10,225 13,813 27,918 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 $ 3,885 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 532 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 $ 53 million in Treasury Bills maturing within 90 days. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON February 20, 1985 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 163,508 9,688 50,389 5,696 10,090 15,252 3,777 23,366 4,805 2,195 7,447 10,427 20,376 Deposits: Depository institutions 24,398 840 8,298 696 731 1,332 1,988 1,797 504 403 790 2,136 4,883 U.S. Treasury-general account 3,916 3,916 Foreign—official accounts 244 4 131 7 10 7 12 21 4 5 7 12 24 Other 480 1 380 18 9 61 3 5 3 Total deposits 29,038 845 12,725 703 741 1,357 2,009 1,879 508 408 800 2,153 4,910 Deferred availability cash items 10,687 539 1,343 484 429 484 882 948 694 580 1,706 813 1,785 Other liabilities and accrued dividends 1 2,284 107 829 75 126 179 58 303 63 33 104 135 272 TTOOTTAALL LLIIAABBIILLIITTIIEESS 205,517 11,179 65,286 6,958 11,386 17,272 6,726 26,496 6,070 3,216 10,057 13,528 27,343 CCAAPPIITTAALL AACCCCOOUUNNTTSS CCaappiittaall ppaaiidd iinn 1,664 45 404 80 105 82 137 233 47 54 77 133 267 SSuurrpplluuss 1,626 45 397 80 104 80 134 228 46 54 74 129 255 OOtthheerr ccaappiittaall aaccccoouunnttss 352 15 118 10 18 27 10 49 8 4 17 23 53 TTOOTTAALL LLIIAABBIILLIITTIIEESS AANNDD CCAAPPIITTAALL AACCCCOOUUNNTTSS 209,159 11,284 66,205 7,128 11,613 17,461 7,007 27,006 6,171 3,328 10,225 13,813 27,918 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 194,259 11,769 55,281 8,252 11,439 17,257 7,043 25,795 6,369 2,802 10,807 12,653 24,792 Less-Held by F.R. Banks 30,751 2,081 4,892 2,556 1,349 2,005 3,266 2,429 1,564 607 3,360 2,226 4,416 F.R. notes, net 163,508 99,,668888 5500,,338899 55,,669966 1100,,009900 1155,,225522 33,,777777 2233,,336666 44,,880055 22,,119955 77,,444477 1100,,442277 20,376 Collateral held against F.R. notes: Gold certificate account 11,094 Special Drawing Rights cert if. acct. 4,618 Other eligible assets -0- U.S. govt, and agency securities 147,796 Total collateral 163,508 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis