H.4.1 Factors Affecting Reserve Balances of Depository Institutions

•ViO!£Oy, FEDERAL RESERVE •??§fl^ 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 21, 1985 Averages of daily figures (millions of dollars) Reserve balances of depository institutions (£ F.R. Banks, Week ended Chanae from week ended Wednesday RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss MMaarrcchh 2200,, MMaarrcchh 2200,, March 13* 1 March 21, 1985 1985 | 1984 1985 Reserve Bank credit: 1> 2 182,209 + 712 +12,893 180,792 U.S. government securities- Bought outright—system account 159,614 + 499 + 9,717 158,869 Held under repurchase agreements 369 + 369 + 369 — Federal agency obligations- Bought outright 8,372 —- 186 8,372 Held under repurchase agreements 43 + 43 + 43 Acceptances- Bought outright — -— — •P— Held under repurchase agreements -..- -- Loans to depository institutions 1,681 _ 357 + 604 1,465 Includes: seasonal borrowing of 90 + 23 48 95 extended credit of 1,162 14 + 1,131 946 Float 329 - 177 762 219 Other F.R. assets 11,800 + 334 + 3,108 11,867 Gold stock 11,093 21 11,093 Special Drawing Rights certificate account 4,618 .*— 4,618 Treasury currency outstanding 16,562 + 14 + 695 16,574 Total factors supplying reserve funds 214,482 + 726 +13,567 213,077 Currency in circulation* 179,300 _ 127 +10,666 179,179 Treasury cash holdings* 552 + 3 + 67 554 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,818 - 243 - 1,509 3,623 Foreign 254 + 47 + 29 211 Service-related balances and adjustments 3 1,576 - 417 20 1,223 Other 1,205 + 765 + 538 721 Other F.R. liabilities and capital 6,101 + 194 + 531 5,894 Total factors, other than reserve balances, absorbing reserve funds 192,806 + 221 +10,301 191,405 Reserve balances with F.R. Banks 4 21,676 + 505 + 3,265 21,672 On March 20, 1985 » marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 115,506 million, an increase of $ i,i52million for the week. 1 Net of $ 2,315 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 2,315 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 3,061 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 3,061 million was with foreign official and international accounts. Includes $615 million securities loaned—fully secured by U.S. government securities. 3 Consists of required clearing balances of $ 1,223 million and adjustments of $ 353 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, March 20. 1985 March 13. 1985 March 21, 1984 ASSETS Gold certificate account 11,093 — - 21 Special Drawing Rights certificate account 4,618 — — Coin 561 - 4 + 40 Loans 1,465 - 4,375 + 530 Acceptances- Held under repurchase agreements — — — Federal agency obligations- Bought outright 8,372 — — 186 Held under repurchase agreements'! — — U.S. government securities: Bought outright—Bills 69,355 - 1,287 + 2,835 Notes 66,070 — + 3,149 Bonds 2233,,444444 — ++ 1,917 Total bought outright2 115588,,886699 .. 1,287 ++ "" 7,901 Held under repurchase agreements1 — — — Total U.S. government securities 158,869 .. 1,287 ++ 7,901 Total loans and securities 168,706 - 5,662 + 8,245 Cash items in process of collection (918) 6,609 + 176 - 2,229 Bank premises 572 — + 23 Other assets 3 11,295 + 170 + 3,003 TOTAL ASSETS ((991188)) 203,454 """" 5,320 ++ 9,061 LIABILITIES Federal Reserve notes 163,720 - 397 + 10,055 Deposits: Depository institutions 22,895 - 5,413 + 1,095 U.S. Treasury—general account 3,623 - 75 - 1,922 Foreign—official accounts 211 - 21 - 30 Other 721 + 310 + 171 Total deposits 27,450 - 5,199 - 686 Deferred availability cash items (918) 6,390 + 316 — 793 Other liabilities and accrued dividends4 2,218 - 43 + 94 TOTAL LIABILITIES (918) 199,778 5,323 + 8,670 CAPITAL ACCOUNTS Capital paid in 1,687 + 10 + 191 Surplus 1,624 + 7 + 159 Other capital accounts 365 - 14 + 41 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 $ 3,061 million matched sale-purchase transactions outstanding at the end of the latest statement week, includes $ 615 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 $ 63 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 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 Loans Acceptances Holdings |Weekly changes Holdings [Weekly changes Within 15 days 1,451 8,512 - 853 196 + 122 16 days to 90 days 14 33,327 +1,691 481 - 122 91 days to 1 year 44,479 -2,125 1,880 1 Over 1 year to 5 years 37,309 4,152 + 1 Over 5 years to 10 years 14,546 1,264 Over 10 years 20,696 399 Total 1,465 158,869 -1,287 8,372 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1 (b) STATEMENT OF CONDITION OF EACH FEDIE RAL RESERV EBANKO N March 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 11,093 599 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 561 32 21 32 45 76 45 37 35 23 54 48 113 Loans 1,465 30 11 38 45 176 2 954 22 12 133 3 39 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 69.355 3.491 23,283 2,330 3,840 5,780 1,647 9,469 1,990 934 3,305 4,393 8.893 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 2 158,869 7,996 53,334 5,337 8,796 13,240 3,774 21,690 4,558 2,139 7,571 10,064 20,370 Held under repurchase agreements 1 — — — — — — — ~ ~ — — Total U.S. government securities 158,869 7,996 53,334 5,337 8,796 13,240 3,774 21,690 4,558 2,139 7,571 10,064 20,370 Total loans and securities 168,706 8,447 56,156 5,656 9,305 14,114 3,975 23,787 4,820 2,264 8,103 10,597 21,482 Cash items in process of collection 7,527 357 936 330 274 364 822 598 477 442 1,218 531 1,178 Bank premises 572 94 25 49 28 103 41 21 17 25 37 19 113 Other assets 3 11.295 278 2,051 297 422 463 418 4,624 209 177 332 984 1,040 Interdistrict settlement account -0- + 1,366 - 2,191 - 36 + 254 + 1,032 + 2,170 - 4,137 - 79 + 226 - 812 + 555 + 1,652 TOTAL ASSETS 204.372 11,414 61,687 7,068 11,247 17,529 7,992 27,086 6,006 3.378 9,781 13,770 27,414 1 Does net 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 $ 3,061 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 615 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 $ 63 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 2C , 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 163,720 9,832 49,567 5,562 9,829 15,301 4,861 22,959 4,808 2,356 7,478 10,470 20,697 Deposits: Depository institutions 22,895 972 5,222 950 804 1,428 2,082 2,655 567 430 821 2,282 4,682 U.S. Treasury—general account 3,623 3,623 Foreign—official accounts 211 4 97 7 10 7 13 21 4 5 7 12 24 Other 721 573 1 69 70 1 2 3 2 Total deposits 27,450 976 9,515 957 815 1,504 2,095 2,746 571 436 830 2,297 4,708 Deferred availability cash items 7,308 390 930 302 253 353 695 551 462 440 1,200 575 1,157 Other liabi ities and accrued dividends1 2,218 109 743 77 122 180 60 308 63 33 105 139 279 TOTAL LIABILITIES 200.696 11,307 60,755 6,898 11,019 17,338 7,711 26,564 5,904 3,265 9,613 13,481 26,841 CAPITAL ACCOUNTS Capital paid in 1.687 46 415 80 105 82 140 236 47 56 77 135 268 Surplus 1.624 45 397 80 104 80 134 228 46 52 74 129 255 Other capital accounts 365 16 120 10 19 29 7 58 9 5 17 25 50 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 204,372 11,414 61,687 7,068 11,247 17,529 7,992 27,086 6,006 3,378 9,781 13,770 27,414 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 195,559 12,015 55,065 8,184 11,200 17,229 8,211 25,264 6,427 2,879 11,073 12,660 25,352 Less-Held by F.R. Banks 31,839 2,183 5,498 2,622 1,371 1,928 3,350 2,305 1,619 523 3,595 2,190 4,655 F.R. notes, net 163,720 99,,883322 4499,,556677 55,,556622 99,,882299 1155,,330011 44,,886611 2222,,995599 44,,880088 22,,335566 77,,447788 1100,,447700 20,697 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 148,009 Total collateral 163,720 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