H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE 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 28, 1985 Averages of daily figures (millions of dollars) RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt FF..RR.. BBaannkkss,, WWeeeekk eennddeedd Change from week ended Wednesday RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss FFeebb 11 rruu 9988 aa 55 rryy 2277,, Februt?$520, Februa^ 29, Feb 1 ru 9 a 85 ry 27, Reserve Bank credit: 1> 2 180,290 + 628 + 13,882 178,271 U.S. government securities- Bought outright—system account 157,589 + 2,981 + 9,916 155,501 Held under repurchase agreements 3,033 Federal agency obligations- Bought outright 8,372 196 8,372 Held under repurchase agreements 256 Acceptances- Bought outright Held under repurchase agreements Loans to depository institutions 1,354 + 360 + 847 1,939 Includes: seasonal borrowing of 81 36 76 extended credit of 676 + 147 + 668 854 Float 1,632 + 666 + 95 588 Other F.R. assets 11,344 89 + 3,220 11,871 Gold stock 11,094 22 11,093 Special Drawing Rights certificate account 4,618 4,618 Treasury currency outstanding 16,520 + 14 + 685 16,532 TToottaall ffaaccttoorrss ssuuppppllyyiinngg rreesseerrvvee ffuunnddss 212,522 + 642 + 14,545 210,514 CCuurrrreennccyy iinn cciirrccuullaattiioonn** 178,134 566 + 11,138 178,130 TTrreeaassuurryy ccaasshh hhoollddiinnggss** 555 1 + 70 557 DDeeppoossiittss,, ootthheerr tthhaann rreesseerrvvee bbaallaanncceess,, wwiitthh FF..RR.. BBaannkkss:: TTrreeaassuurryy 4,038 + 219 377 3,099 FFoorreeiiggnn 229 7 + 9 223 SSeerrvviiccee--rreellaatteedd bbaallaanncceess aanndd aaddjjuussttmmeennttss 33 1,692 193 + 320 1,212 OOtthheerr 466 42 71 452 OOtthheerr FF..RR.. lliiaabbiilliittiieess aanndd ccaappiittaall 6,182 + 156 + 583 5,963 TToottaall ffaaccttoorrss,, ootthheerr tthhaann rreesseerrvvee bbaallaanncceess,, aabbssoorrbbiinngg rreesseerrvvee ffuunnddss 191,296 434 + 11,672 189,636 RReesseerrvvee bbaallaanncceess wwiitthh FF..RR.. BBaannkkss 44 21.226 _± L*QI2 + 2,873 20,878 °n February 27, 1985 » marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 116,415 million, a decreaseof $ 73° million for the week. 1 Net of $ 3,049 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 2,782 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. , 2 Net of $ 5,255 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 3,380 million was with foreign official and international accounts, includes $ 1,058 million securities loaned—fully secured by U.S. government securities. 3 Consists of required clearing balances of $ 1,212 million and adjustments of $ 480 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 27. 1985 February. 20, 1985 February 29, 1984 ASSETS Gold certificate account 11,093 - 1 - 23 Special Drawing Rights certificate account 4,618 — — Coin 555 + 18 + 21 Loans 1,939 + 771 + 919 Acceptances- — — Held under repurchase agreements Federal agency obligations- Bought outright 8,372 — - 196 Held under repurchase agreements'! — - 304 — U.S. government securities: Bought outright—Bills 67,413 + 758 + 11,014 Notes " 64,644 — + 1,723 Bonds 23,444 — + 1,917 Total bought outright2 15,5,501 + 758" + 14,654 Held under repurchase agreements1 — -- 33,,332299 ~ Total U.S. government securities 155,501 22,,557711 ++ 14,654 Total loans and securities 165,812 - 2,104 + 15,377 Cash items in process of collection (993) 6,814 - 5,584 - 4,379 Bank premises 571 + 1 + 22 Other assets 3 11,300 + 455 + 3,506 TOTAL ASSETS ((999933)) 200,763 ~~~~ 7,215 ++ 14,524 LIABILITIES Federal Reserve notes 162,710 _ 798 + 10,327 Deposits: Depository institutions 22,090 _ 2,308 + 5,760 U.S. Treasury—general account 3,099 _ 817 _ 127 Foreign—official accounts 223 _ 21 _ 24 Other 452 _ 21 _ 46 Total deposits 25,864 _ 3,167 + 5,563 Deferred availability cash items ((999933)) 6,226 3,287 1,774 Other liabilities and accrued dividends4 2,321 + 37 + 222 TOTAL LIABILITIES 197,121 7,215 + 14,338 CAPITAL ACCOUNTS Capital paid in 1,669 + 5 + 187 Surplus 1 626 + 161 Other capital accounts '347 -_ 5 162 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 $5,255 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 1,058 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 $ 58 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 27, 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 Loans AAcccceeppttaanncceess Holdings |Weekly changes Holdings Weekly changes. Within 15 days 1,936 — 4,207 - 5,984 234 - 251 16 days to 90 days 3 — 33,057 + 707 514 - 68 91 days to 1 year — — 46,136 + 2,706 1,739 - 9 Over 1 year to 5 years — — 36,859 — 4,222 - 8 Over 5 years to 10 years — — 14,546 — 1,264 + 32 Over 10 years — ^^ 2200,,669966 — 339999 .. — Total 1,939 115555,,550011 - 2,571 88,,337722 304 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1 <b) STATEMENT OF CONDITION OF EACH FEDI ERAL RESER VE BANK O N Februar y 27, 1985 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louts Minneapolis City Dallas Francisco ASSETS Gold certificate account 11,093 599 3,354 515 617 969 360 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 555 30 22 24 45 73 60 36 34 22 54 40 115 Loans 1,939 13 426 85 2 215 52 837 17 80 129 13 70 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 — — — — — — — — — — U.S. government securities: Bought outright-Bills 67,413 3,393 22,632 2,264 3,733 5,618 1,601 9,204 1,934 907 3,213 4,271 8,643 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 2 155,501 7,826 52,204 5,224 8,610 12,960 3,694 21,230 4,461 2,093 7,410 9,851 19,938 Held under repurchase agreements 1 — — — __ — — — — — — Total U.S. government securities 155,501 7,826 52,204 5,224 8,610 12,960 3,694 21,230 4^461 ^ 2,093 7,410 9,851 19,938 Total loans and securities 165,812 8,260 55,441 5,590 9,076 13,873 3,945 23,210 4,718 2,286 7,938 10,394 21,081 Cash items in process of collection 7,807 376 897 362 429 414 742 659 470 397 1,284 649 1,128 Bank premises 571 95 25 49 28 103 41 21 17 25 36 19 112 Other assets 3 11,300 258 2,301 290 444 432 424 4,527 199 176 315 955 979 IInntteerrddiissttrriicctt sseettttlleemmeenntt aaccccoouunntt -0- + 1,299 - 999 - 30 + 683 + 1,296 + 960 - 3,847 - 45 + 249 - 605 + 389 + 650 TTOOTTAALL AASSSSEETTSS 201,756 11,158 62,376 7,025 11,624 17,568 6,693 26,762 5,920 3,376 9,871 13,482 25,901 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 $ 5,255 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 1,058 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 $ 58 million in Treasury Bills maturing within 90 days. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1 (c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON February 27, 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 162,710 9,721 50,149 5,612 10,049 15,360 3,474 23,241 4,775 2,289 7,470 10,450 20,120 Deposits: Depository institutions 22,090 869 6,136 859 885 1,497 2,150 2,039 527 516 853 1,955 3,804 U.S. Treasury—general account 3,099 — 3,099 — — — — — — — — Foreign—official accounts 223 4 109 7 10 7 13 21 4 5 7 12 24 Other 452 1 351 1 — 16 1 73 1 1 2 3 2 Total deposits 25,864 874 9,695 867 895 1,520 2,164 2,133 532 S22 862 1,970 3,830 Deferred availability cash items 7,219 342 841 296 325 307 708 562 443 417 1,261 629 1,088 Other liabilities and accrued dividends 1 2,321 115 771 80 129 190 67 318 68 36 ill 145 291 TOTAL LIABILITIES 198,114 11,032 61,456 6,855 11,398 17,377 6,413 26,254 5,818 3,264 9,704 13,194 25,329 CAPITAL ACCOUNTS Capital paid in 1,669 45 407 81 105 82 137 233 47 54 77 134 267 Surplus 1,626 45 397 80 104 80 134 228 46 54 74 129 255 Other capital accounts 347 16 116 9_ 17 29 9 47 9 4 16 25 50 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 201,756 11,138 62,376 7,025 11,624 17,568 6,693 26,762 5,920 3,376 9,871 13,482 25,901 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 194,549 11,891 55,287 8,233 11,413 17,453 6,782 25,826 6,367 2,879 10,966 12,756 24,696 Less-Held by F.R. Banks 31,839 2,170 5,138 2,621 1,364 2,093 3,308 2,585 1,592 590 3,496 2,306 4,576 F.R. notes, net 162,710 9,721 50,149 5,612 10,049 15,360 3,474 23,241 4,775 2,289 7,470 10,450 20,120 Collateral held against F.R. notes: Gold certificate account 11,093 Special Drawing Rights certif. acct. 4,618 Other eligible assets -0- U.S. govt, and agency securities 146,999 Total collateral 162,710 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