H.4.1 Factors Affecting Reserve Balances of Depository Institutions

•QfCOW.* 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 March 7, 1985 Averages of daily figures (millions of dollars) RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt FF..RR.. BBaannkkss,, MMMM §§??ddeedd Change from week ended Wednesday RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss 11998855 Feb 1 ru 98 a 5 iy ' 27, Ma 1 rc 9 h 8 4 7, March 6, 1985 Reserve Bank credit: 1> 2 182,197 + 1,879 + 15,112 182,305 U.S. government securities- Bought outright—system account 159,679 + 2,090 + 10,483 160,235 : Held under repurchase agreements 358 + 358 + 358 Federal agency obligations- Bought outright 8,372 196 8,372 Held under repurchase agreements 54 + 54 + 54 Acceptances- Bought outright Held under repurchase agreements Loans to depository institutions 1,691 + 337 + 1,198 1,509 Includes: seasonal borrowing of 70 11 47 61 extended credit of 1,272 + 596 + 1,264 1,246 Float 829 795 + 370 791 Other F.R. assets 11,215 165 + 2,846 11,398 Gold stock 11,093 1 23 11,093 Special Drawing Rights certificate account 4,618 4,618 Treasury currency outstanding 16,534 + 14' + 691 16,546 TToottaall ffaaccttoorrss ssuuppppllyyiinngg rreesseerrvvee ffuunnddss 214,442 + 1,892 + 15,780 214,562 CCuurrrreennccyy iinn cciirrccuullaattiioonn** 178,553 + 419 + 10,975 179,090 TTrreeaassuurryy ccaasshh hhoollddiinnggss** 538 17 + 56 549 DDeeppoossiittss,, ootthheerr tthhaann rreesseerrvvee bbaallaanncceess,, wwiitthh FF..RR.. BBaannkkss:: TTrreeaassuurryy 3,364 674 193 4,002 FFoorreeiiggnn SSeerrvviiccee--rreellaatteedd bbaallaanncceess aanndd aaddjjuussttmmeennttss 33 253 + 24 5 199 1,712 + 20 + 255 1,223 OOtthheerr 520 + 54 85 433 OOtthheerr FF..RR.. lliiaabbiilliittiieess aanndd ccaappiittaall 5,849 333 + 130 5,741 TToottaall ffaaccttoorrss,, ootthheerr tthhaann rreesseerrvvee bbaallaanncceess,, aabbssoorrbbiinngg rreesseerrvvee ffuunnddss 190,788 508 + 11,132 191,237 RReesseerrvvee bbaallaanncceess wwiitthh FF..RR.. BBaannkkss44 23,654 + 2,400 + 4,650 23,325 On March 6, 1985 marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official t and international accounts were $ 115,296 million,* decreaseof $ l,119million for the week. 1 Net of $2,456 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 2,456 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $2,748 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 2,748 million was with foreign official and international accounts. Includes $ 362 million securities loaned—fully secured by U.S. government securities. 3 Consists of required clearing balances of $1,223 million and adjustments of $ 489 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

Worksheet for H.4.1 (a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS Millions of dollars Change since Wednesday Wednesday, Wednesday, March 6, 1985 February 27, 1985 March 7, 1934 ASSETS Gold certificate account 11,093 23 Special Drawing Rights certificate account 4,618 Coin 560 5 + 27 Loans 1,509 430 + 1,095 Acceptances- Held under repurchase agreements Federal agency obligations- 8,372 196 Bought outright Held under repurchase agreements1 U.S. government securities: 70,721 + 3,308 + 5,889 Bought outright—Bills 66,070 + 1,426 + 3,149 Notes 23,444 + 1,917 Bonds 160,235 + 4,734 + 10,955 Total bought outright2 — — — Held under repurchase agreements1 160,235 + 4,734 + 10,955 Total U.S. government securities 170,116 + 4,304 + 11,854 Total loans and securities (1,178) 7,871 + 1,057 + 1,928 Cash items in process of collection 572 + 1 + 23 Bank premises 10,826 - 474 + 2,492 Other assets 3 (1,178) 205,656 + 4,893 + 16,301 TOTAL ASSETS LIABILITIES Federal Reserve notes 163,653 + 943 + 10,286 Deposits: Depository institutions 24,548 + 2,458 + 5,491 U.S. Treasury—general account 4,002 + 903 + 438 Foreign—official accounts 199 - 24 - 95 Other 433 - 19 - 86 Total deposits 29,182 + 3,318 + 5,748 Deferred availability cash items (1,178) 7,080 + 854 - 44 Other liabilities and accrued dividends4 2,318 - 3 + 159 TOTAL LIABILITIES (1,178) 202,233 + 5,112 16,149 CAPITAL ACCOUNTS Capital paid in 1,670 1 177 Surplus 1,617 9 152 Other capital accounts 136 211 177 * Figures in parentheses are the eliminations made in the consolidating 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 $ 2,748 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 262 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 $ 60 million in Treasury bills maturing within 90 days. 4 Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange com mitments. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, March 6, 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 |||wwwe ekly changes Within 15 days 1,455 99,,550044 + 5,297 113355 99 16 days to 90 days 54 3311,,118855 - 1,872 559988 + 84 91 days to 1 year 4466,,999955 + 859 11,,776699 + 30 Over 1 year to 5 years 3377,,330099 + 450 44,,220077 15 Over 5 years to 10 years 1144,,554466 11,,226644 Over 10 years 2200,,669966 339999 Total 1,509 ••^^ 116600,,223355 + 4,734 88,,337722 FR 408a (Rev. 8/83) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1 (b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BAMK ON March 6, 1985 Millions of dollars — ^. Kansas San Total Boston New York Philadelphia! Cleveland Richmond 1 Atlanta Chicago St. Louis 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 Soecial Drawing Rights certif. acct. 4,618 241 1,335 225 302 408 16.1 646 170 61 241 310 518 Coin 560 31 22 27 46 74 60 37 35 22 54 40 112 Loans 1,309 19 10 44 1 86 5 1,226 16 7 74 2 19 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 70,721 3,559 23,742 2,376 3,916 5,894 1,680 9,655 2,029 952 3,370 4,480 9,068 Certificates: Special Other Notes 66,070 3,325 22,181 2,219 3,658 5,506 1,570 9,020 1,896 889 3,149 4,186 8,471 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 2 160,235 8,064 53,793 5,383 8,872 13,354 3,807 21,876 4,597 2 ,157 7,636 10,151 20,545 Held under repurchase agreements 1 — — — — — — — — — — — — — Total U.S. government securities 160,235" 8,064 53,793 5,383 8,872 13,354 3,807 " 21,876 4,597 2 ,157 7,636 10,151 20,545 Total loans and securities 170,116 8,504 56,614 5,708 9,337 14,138 4,011 24,245 4,853 2 ,277 8,109 10,683 21,637 Cash items in process of collection 9,049 369 1,046 486 307 465 955 594 513 631 1,480 761 1,442 Bank premises 572 95 25 49 28 103 41 21 17 25 36 19 113 Other assets 3 10,826 259 1,864 285 401 435 405 4,549 204 183 314 954 973 Interdistrict settlement account -0- + 1,023 - 1,613 - 102 + 768 +1,310 + 1,821 - 4,468 - 112 + 69 - 683 + 514 + 1,473 TOTAL ASSETS 206,834 119121 62,647 7,193 11,806 17,902 7,814 27,134 6,037 3 ,428 10,159 14,007 27,586 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 $ 2,748 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 362 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 $ 60 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 March 6, 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 163,653 9,642 49,697 5*666 10,041 15,494 4,405 22,969 4,839 2,344 7,533 10,535 20,488 Deposits: Depository institutions 24,548 846 5,983 942 1,122 1,625 2,296 2,682 513 346 950 2,285 4,958 U.S. Treasury-general account 4,002 4,002 Foreign—official accounts 199 4 86 7 10 7 12 21 4 5 7 12 24 Other" 433 1 307 46 1 68 3 5 2 TTToootttaaalll dddeeepppooosssiiitttsss 29,182 851 10,378 949 1,132 1,678 2,309 2,771 517 351 960 2,302 4,984 DDDeeefffeeerrrrrreeeddd aaavvvaaaiiilllaaabbbiiillliiitttyyy cccaaassshhh iiittteeemmmsss 8,258 416 969 335 296 359 773 597 480 590 1,402 743 1,298 OOOttthhheeerrr llliiiaaabbbiiillliiittt eeesss aaannnddd aaaccccccrrruuueeeddd dddiiivvviiidddeeennndddsss 111 2,318 113 754 83 126 185 63 315 105 37 109 142 286 TTTOOOTTTAAALLL LLLIIIAAABBBIIILLLIIITTTIIIEEESSS 203,411 11,022 61,798 7,033 11,595 17,716 7,550 26,652 5,941 3,322 10,004 13,722 27,056 CCCAAAPPPIIITTTAAALLL AAACCCCCCOOOUUUNNNTTTSSS CCCaaapppiiitttaaalll pppaaaiiiddd iiinnn 1,670 46 408 80 105 82 137 233 47 54 77 134 267 SSSuuurrrpppllluuusss 1,617 45 397 80 104 80 127 228 46 52 74 129 255 OOOttthhheeerrr cccaaapppiiitttaaalll aaaccccccooouuunnntttsss 136 8 44 2 24 21 3 4 22 8 TTTOOOTTTAAALLL LLLIIIAAABBBIIILLLIIITTTIIIEEESSS AAANNNDDD CCCAAAPPPIIITTTAAALLL AAACCCCCCOOOUUUNNNTTTSSS 206,834 11,121 62,647 7,193 11,806 17,902 7,814 27,134 6,037 3,428 1!0,159 14,007 27,586 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 194,688 11,804 54,849 8,234 11,274 17*"448 7,665 25,427 6,358 2,895 11,025 12,699 25,010 Less-Held by F.R. Banks 31,035 2,162 5,152 2,568 1!,233 1,954 3,260 2,458 1,519 551 3,492 2,164 4,522 F.R. notes, net 163,653 99,,664422 4499,,669977 55,,666666 1100,,004411 1155,,449944 44,,440055 2222,,996699 44,,883399 22,,334444 77,,553333 1100,,553355 20,488 Collateral hsld against F.R. notes: Gold certificate account 11,093 Special Drawing Rights certif. acct. 4,618 Other eligible assets -0- U.S, qcvt. and agency securities 147,942 • ota' collateral 163,653 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