H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Reserve Balances of Depository Institutions and • f ^ L^ Condition Statement of F.R. Banks H.4.1 For release at 4:30 p.m. Eastern time March 14, 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 March 13, March 6, 1985 Mar^si4' March 13, 1985 1985 Reserve Bank credit: 1> 2 181,495 _ 702 r + 12,467 —186,424 U.S. government securities- Bought outright—system account 159,115 - 564 + 10,797 160,156 Held under repurchase agreements — - 358 856 Federal agency obligations- Bought outright 8,372 — 192 8,372 Held under repurchase agreements — - 54 46 — Acceptances- Bought outright — — — — Held under repurchase agreements — — 1 — Loans to depository institutions 2,038 + 347 + 1,152 5,840 Includes: seasonal borrowing of 70 — 49 72 extended credit of 1,176 - 96 + 1,141 1,642 Float 523 - 306 1,252 359 Other F.R. assets 11,447 + 232 + 2,866 11,697 Gold stock 11,093 — 23 11,093 Special Drawing Rights certificate account 4,618 — — 4,618 Treasury currency outstanding 16,548 + 14 + 693 16,560 Total factors supplying reserve funds 213,754 - 688 + 13,137 218,695 179,427 + 874 + 10,829 179,563 Currency in circulation* 549 + 11 + 68 549 Treasury cash holdings* DDDeeepppooosssiiitttsss,,, ooottthhheeerrr ttthhhaaannn rrreeessseeerrrvvveee bbbaaalllaaannnccceeesss,,, wwwiiittthhh FFF...RRR... BBBaaannnkkksss::: 4,061 + 697 + 1,236 3,698 TTTrrreeeaaasssuuurrryyy ,,, 207 46 17 232 SSS FFF eee ooo rrr rrr vvv eee iii iii ccc ggg eee nnn --- rrreeelllaaattteeeddd bbbaaalllaaannnccceeesss aaannnddd aaadddjjjuuussstttmmmeeennntttsss 333 1,993 + 278 + 440 1,226 440 80 85 411 OOOttthhheeerrr 5,907 + 58 + 273 5,934 OOOttthhheeerrr FFF...RRR... llliiiaaabbbiiillliiitttiiieeesss aaannnddd cccaaapppiiitttaaalll TTToootttaaalll fffaaaccctttooorrrsss,,, ooottthhheeerrr ttthhhaaannn rrreeessseeerrrvvveee bbbaaalllaaannnccceeesss,,, absorbing reserve funds 192,585 + 1,794 + 12,745 191,613 Reserve balances with F.R. Banks 4 21,169 - 2,482 + 393 27,082 On March 13, 1985 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $114,354 million, a decreaseof $ 942 million for the week. 1 Net of $ 2,908 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 2,908 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 1,774 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 1,774 million was with foreign official and international accounts. Includes $ 70 million securities loaned—fully secured by U.S. government securities. 3 Consists of required clearing balances of $ 1,226 million and adjustments of $ 767 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 ** WWeeddnneessddaayy Wednesday Wednesday MMaarrcchh 1133,, 11998855 March 6, 1985 March 14, 1984__ ASSETS Gold certificate account 11,093 23 Special Drawing Rights certificate account 4,618 Coin 565 + 5 + 36 Loans 5,840 + 4,331 + 3,391 Acceptances— Held under repurchase agreements Federal agency obligations- Bought outright 8,372 - 186 Held under repurchase agreements1 - 155 U.S. government securities: Bought outright—Bills 70,642 79 + 6, 520 Notes 66,070 + 3 ,149 Bonds 23,444 + 1 ,917 Total bought outright2 160,156 - 79 +11 ,586 Held under repurchase agreements'! - 2 ,895 Total U.S. government securities 160,156 - 79 + 8 ,691 Total loans and securities 174,368 + 4 ,252 +11 ,736 Cash items in process of collection (1,095) 6,433 - 1 ,438 - 3 ,747 Bank premises 572 + 23 Other assets^ 11,125 + 299 + 2 ,770 TOTAL ASSETS (1,095) 208,774 + 3 ,118 +10 ,795 LIABILITIES Federal Reserve notes 164,117 464 +10 ,107 Deposits: Depository institutions 28,308 + 3 ,760 + 396 U.S. Treasury—general account 3,698 - 304 + 1 ,123 Foreign—official accounts 232 + 33 - 51 Other 411 - 22 - 91 Total deposits 32 ,649 + 3 ,467 + 1 ,377 Deferred availability cash items (1,095) 6 ,074 - 1 ,006 - 998 Other liabilities and accrued dividends4 2 ,261 - 57 - 74 TOTAL LIABILITIES (1,095) 205,101 + 2 ,868 +10 ,412 CAPITAL ACCOUNTS Capital paid in 1,677 + 182 Surplus 1,617 + 152 I Other capital accounts 379 243 + 49 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 $ 1,729 million was outstanding at the end of the latest statement week. Net of $ 1,774 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $70 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 $ 60 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, March 13, 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 5,827 — 9,365 *- 139 74 - 61 16 days to 90 days 13 — 31,636 + 451 603 + 5 91 days to 1 year — — 46,604 - 391 1,881 +112 Over 1 year to 5 years — — 37,309 — 4,151 - 56 Over 5 years to 10 years — — 14,546 — 1,264 — Over 10 years — ^^ 2200,,669966 — 339999 — Total 5,840 116600,,115566 - 79 88,,337722 — 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 March 13, 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 11,093 599 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 565 31 22 29 45 76 59 37 35 22 55 41 113 Loans 5,840 303 2,951 37 175 356 2 1,639 27 28 140 2 180 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 70,642 3,555 23,715 2,373 3,912 5,888 1,678 9,644 2,027 951 3,366 4,475 9,058 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 2 160,156 8,060 53,766 5,380 8,868 13,348 3,805 21,865 4,595 2,156 7,632 10,146 20,535 Held under repurchase agreements 1 — __ — — — — — — — — — — — Total U.S. government securities 160,156 8,060 53,766 5,380 8,868 13,348 3,805 21,865 4,595 2,156 7,632 10,146 20,535 ~~ Total loans and securities 174,368 8,784 59,528 5,698 9,507 14,402 4,006 24,647 4,862 2,297 8,171 10,678 21,788 Cash items in process of collection 7,528 332 876 385 320 360 609 672 500 425 1,290 488 1,271 Bank premises 572 95 25 49 28 103 41 21 17 25 36 19 113 Other assets 3 11,125 271 1,927 294 411 450 408 4,590 206 177 323 1,047 1,021 Interdistrict settlement account -0- + 926 -2,317 + 57 + 471 +1,264 +1,927 -5,154 + 205 + 416 - 514 + 644 +2,075 TOTAL ASSETS 209,869 11,279 64,750 7,252 11,701 18,032 7,571 26,969 6,352 3,583 10,210 13,953 28,217 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 $ 1,729 million was outstanding at the end of the latest statement week. 2 Net of $ l, 774 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 70 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 13, 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 164,117 9,689 50,042 5,605 10,022 15,477 4,300 23,116 4,838 2,354 7,542 10,558 20,574 Deposits: Depository institutions 28,308 999 8,058 1,058 1,014 1,825 2,266 2,363 887 639 1,135 2,419 5,645 U.S. Treasury—general account 3,698 3,698 Foreign—official accounts 232 4 118 7 10 7 13 21 4 5 7 12 24 Other 411 1 300 1 33 1 68 1 2 3 1 Total deposits 32,649 1,004 12,174 1,066 1,024 1,865 2,280 2,452 891 645 1,144 2,434 5,670 Deferred availability cash items 7,169 368 851 333 303 315 658 550 455 438 1,250 529 1,119 Other liabilities and accrued dividends * 2,261 111 759 77 125 184 61 314 65 36 106 141 282 TOTAL LIABILITIES 206,196 11,172 63,826 7,081 11,474 17,841 7,299 26,432 6,249 3,473 10,042 13,662 27,645 CAPITAL ACCOUNTS Capital paid in 1,677 46 408 80 105 82 137 236 47 56 77 136 267 Surplus 1,617 45 397 80 104 80 127 228 46 52 74 129 255 Other capital accounts 379 16 119 11 18 29 8 73 10 2 17 26 50 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 209,869 11,279 64,750 7,252 11,701 18,032 7,571 26,969 6,352 3,583 10,210 13,953 28,217 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 195,045 11,831 55,220 8,186 11,286 17,344 7,634 25,493 6,352 2,899 11,096 12,692 25,012 Less-Held by F.R. Banks 30,928 2,142 5,178 2,581 1,264 1,867 3,334 2,377 1,514 545 3,554 2,134 4,438 F.R. notes, net 164,117 99,,668899 5500,,004422 55,,660055 1100,,002222 1155,,447777 44,,330000 2233,,111166 44,,883388 22,,335544 77,,554422 1100,,555588 20,574 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 148,406 Total collateral 164,117 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