H.4.1 Factors Affecting Reserve Balances of Depository Institutions

'QfCOVi FEDERAL RESERVE Factors Affecting Reserve Balances df Depository Institutions and Condition Statement of F.R. Banks H.4J For release at 4:30 p.m. Eastern time March 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 MMaarrcchh 2277,, March 20, March 2 8 .' March 27, 1985 1QSS 1QKA 1985 Reserve Bank credit: 1» 2 181,159 1,050 T~ 12,203 180,313 U.S. government securities- Bought outright—system account 159,736 + 122 + 11,113 159,169 Held under repurchase agreements — - 369 - 997 — Federal agency obligations- Bought outright 8,372 — - 186 8,372 Held under repurchase agreements — - 43 - 140 — Acceptances- Bought outright — — — — Held under repurchase agreements — — - 59 — Loans to depository institutions 897 - 784 - 298 385 Includes: seasonal borrowing of 104 + 14 - 56 106 extended credit of 515 - 647 + 485 58 Float 252 - 77 - 229 274 Other F.R. assets, 11,902 + 102 + 3,000 12,113 Gold stock 11,093 — - 21 11,093 Special Drawing Rights certificate account 4,618 — — 4,618 Treasury currency outstanding 16,576 + 14 _+_ 697 16,588 Total factors supplying reserve funds 213,446 - 1,036 + 12,880 212,612 Currency in circulation* 178,850 «. 450 + 10,587 179,001 Treasury cash holdings* 554 + 2 + 60 554 Deposits, other than reserve balances, with F.R. Banks: Treasury 4,280 + 462 - 78 4,204 Foreign 205 - 49 - 5 216 Service-related balances and adjustments 3 1,538 - 39 - 10 1,224 Other 473 - 732 - 64 439 Other F.R. liabilities and capital 6,262 + 161 + 430 6,101 Total factors, other than reserve balances, absorbing reserve funds 192,163 - 644 + 10,921 191,739 Reserve balances with F.R. Banks * 21,284 - 391 + 1,959 20,873 On March 27, 1985 . marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 115,079 million, a decreaseof $ 427 million for the week. 1 Net of $ 2,218 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 2,218 million was with foreign official and international accounts, includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 2,820 miiiion matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 2,820 miiiion was with foreign official and international accounts. Includes $ 563 million securities loaned—fully secured by U.S. government securities. 3 Consists of required clearing balances of $ 1,224 million and adjustments of $ 314 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 Wedneis day, Wednesday, : March 27. 1985 March 20. 1985 March 28. 1984 ASSETS Gold certificate account 11,093 — - 21 Special Drawing Rights certificate account 4,618 — — Coin 548 - 13 + 33 Loans 385 - :L .080 - 333 Acceptances- Held under repurchase agreements — — — Federal agency obligations- Bought outright 8,372 — - 186 Held under repurchase agreements! — — — U.S. government securities: Bought outright—Bills 69,655 + 300 + 8,433 Notes 66,070 — + 3,149 Bonds 2233,,444444 — ++ 1,917 Total bought outright2 115599..116699 + 300 ++ 13,499 Held under repurchase agreements1 — — ~ Total U.S. government securities 159,169 + 300 ++ 13,499 Total loans and securities 167,926 «. 780 + 12,980 Cash items in process of collection (957) 6,429 _ 180 - 1,752 Bank premises 576 + 4 + 27 Other assets 3 11,537 + 242 + 3,010 TOTAL ASSETS ((995577)) 202,727 - _ 727 ++ 14,277 LIABILITIES Federal Reserve notes 163,515 - 205 + 9,898 Deposits: Depository institutions 22,097 - 798 + 4,331 U.S. Treasury—general account 4,204 + 581 + 366 Foreign—official accounts 216 + 5 + 29 Other 439 - 282 - 67 Total deposits 26,956 - 494 + 4,659 Deferred availability cash items (957) 6,155 - 235 - 786 Other liabilities and accrued dividends4 2,412 + 194 + 111 TOTAL LIABILITIES (957) 199,038 - 740 + 13,882 CAPITAL ACCOUNTS Capital paid in 1,685 - 2 + 187 Surplus 1,624 — + 159 Other capital accounts 380 + 15 + 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 $ -0- million was outstanding at the end of the latest statement week. Net of $ 2,820 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $363 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 $ 70 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 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 Acceptances Holdings (Weekly changes Holdings [Weekly changes Within 15 days 365 — 5,393 - 3.119 142 - 54 16 days to 90 days 20 — 34.744 + 1.417 461 - 20 91 days to 1 year — — 46.481 + 2.002 1.942 + 62 Over 1 year to 5 years — — 37.309 — 4.164 + 12 Over 5 years to 10 years — — 14,546 — 1.264 — Over 10 years ^^ 2200,,669966 — 339999 — Total 338855 115599,,116699 + 300 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 27, 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 548 31 21 32 44 79 39 38 34 23 55 39 113 Loans 385 18 6 27 49 30 2 85 37 14 83 1 33 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 69,655 3,506 23,384 2,340 3,857 5,805 1,654 9,510 1,998 938 3,319 4,412 8,932 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 2 159,169 8,011 53,435 5,347 8,813 13,265 3,781 21,731 4,566 2,143 7,585 10,083 20,409 Held under repurchase agreements 1 — ~ ~ ~ — — — ~ — — — — — Total U.S. government securities 159.169 8,011 53.435 5,347 8,813 13,265 3,781 21,731 4,566 2,143 7,585 10,083 20,409 Total loans and securities 167.926 8.450 56,252 5,655 9,326 13,993 3,982 22,959 4,843 2,270 8,067 10,614 21,515 Cash items in process of collection 7.386 327 821 304 297 383 714 615 468 403 1,253 666 1,135 Bank premises 576 94 25 51 28 103 42 22 17 25 37 19 113 Other assets 3 11,537 291 2,109 304 437 493 411 4,715 220 180 345 992 1,040 Interdistrict settlement account -0- + 1.042 - 1,847 223 + 249 + 599 + 1,894 - 3,301 + 39 + 295 - 898 + 181 + 1,970 TOTAL ASSETS 203,684 11.075 62,070 6,863 11,300 17,027 7,603 27,204 6.148 3,417 9,708 13,547 27,722 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 $ 2,820 million matched sale-purchasetransactions outstanding at the end of the latest statement week. Includes! 563 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 $ 70 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 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 163.5L5 9,807 49,391 5,541 9,819 15,163 4.684 23,469 4,998 2,348 7,435 10,396 20,464 Deposits: Depository institutions 22.097 672 5,471 763 814 1.073 1,822 2,226 539 497 771 .2,122 5,327 U.S. Treasury-general account 4,204 4,204 Foreign-official accounts 216 4 102 7 10 7 13 21 4 5 7 12 24 Other 439 1 322 1 30 1 78 2 2 2 Total deposits 26,956 677 10,099 770 825 1,110 1,836 2,325 543 502 780 2,136 5.353 Deferred availability cash items 7,112 365 834 299 295 368 729 557 437 417 1,213 571 1,027 Other liabilities and accrued dividends' 2,412 118 807 83 133 195 69 331 69 38 114 154 301 TOTAL LIABILITIES 199,995 10,967 61,131 6,693 11,072 16.836 7,318 26,682 6,047 3,305 9,542 13,257 27,145 CAPITAL ACCOUNTS Capital paid in 1,685 46 415 80 105 82 139 236 46 56 77 135 268 Surplus 1,624 45 397 80 104 80 134 228 46 52 74 129 255 Other capital accounts 380 17 127 10 19 29 12 58 9 4 15 26 54 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 203,684 11,075 62,070 6,863 11,300 17.027 7,603 27,204 6,148 3,417 9,708 13,547 27,722 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 196,165 12,030 55,156 8,144 11,215 17.190 8,149 25,796 6,597 2,864 11.089 12,698 25,237 Less- Held by F.R. Banks 32,650 2,223 5,765 2,603 1,396 2.027 3,465 2,327 1,599 516 3,654 2,302 4.773 F. R. notes, net 163,515 99,,880077 4499,,339911 55,,554411 99,,881199 1155,,116633 44,,668844 2233,,446699 44,,999988 22,,334488 77,,443355 1100..339966 20,464 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 147,804 Total collateral 163,515 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