H.4.1 Factors Affecting Reserve Balances of Depository Institutions

.^jjcow:- FEDERAL RESERVE Factors Affecting Reserve Balances of Depository Institutions and ML RE Condition Statement of F.R. Banks H.4.1 For release at 4:30 p.m. Eastern time April 18, 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 April 17, April 10, 1 April 18, April 17, 1985 1985 1984 1985 Reserve Bank credit: 1> 2 186,808 + 2,187 +15,244 187,676 U.S. government securities- Bought outright—system account 164,225 + 2,684 +11,800 164,439 Held under repurchase agreements — — — — Federal agency obligations- Bought outright 8,372 — - 184 8,372 Held under repurchase agreements — — — — Acceptances- Bought outright -,- — «-- — Held under repurchase agreements —. — — — Loans to depository institutions 1,198 665 + 447 1,270 Includes: seasonal borrowing of 127 + 10 131 extended credit of 863 - 425 + 826 939 Float 561 252 108 98 Other F.R. assets 12,452 + 420 + 3,290 13,497 Gold stock 11,093 ,— 16 11,093 Special Drawing Rights certificate account 4,618 — — 4,618 Treasury currency outstanding 16,632 + 14 + 684 16,644 Total factors supplying reserve funds 219,151 + 2,201 +15,912 220,031 Currency in circulation* 181,698 + 364 +10,838 181,488 Treasury cash holdings* 570 + 1 + 49 579 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,720 469 - 244 4,284 Foreign 231 + 40 + 14 205 Service-related balances and adjustments 3 1,587 + 19 + 62 1,326 Other 653 + 289 + 264 824 Other F.R. liabilities and capital 6,186 328 + 368 6,071 Total factors, other than reserve balances, absorbing reserve funds 194,646 83 +11,353 194,777 Reserve balances with F.R. Banks4 24,505 + 2,284 + 4,559 25,254 On April 17, 1985 , marketable U.S. government securities held in custody by the Federal Reserve Banks f >r foreign official and international accounts were $ 116,287 million, an increase of $ i,016million for the week. 1 Net of $1,780 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 1,780 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 3,840 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 3,840 million was with foreign official and international accounts. Includes $360 million securities loaned—fully secured by U.S. government securities. 3 Consists of required clearing balances of $1,326 million and adjustments of $261 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 Wednesdayj Wednesday, fcpril 17, 1985 April 10, 1985 April 18, 1984 ASSETS Gold certificate account 11,093 — - 16 Special Drawing Rights certificate account 4,618 — — Coin 547 - 4 + 44 Loans 1,270 - 2,197 + 599 Acceptances- — — — Held under repurchase agreements Federal agency obligations- 118844 Bought outright 8,372 Held under repurchase agreements 1 U.S. government securities: Bought outright—Bills 73,630 + 737 + 4,152 Notes 67,269 + 1,199 + 3,142 Bonds 23,540 + 96 + 1,736 Total bought outright2 164,439 + 2,032 + 9,030 Held under repurchase agreements1 — — *~~" Total U.S. government securities 164,439 + 2,032 + 9,030 Total loans and securities 174,081 - 165 + 9,445 Cash items in process of collection (1,220) 8,083 + 1,439 - 1,401 Bank premises 576 + 1 + 27 Other assets 3 12,921 + 1,153 + 4,127 TOTAL ASSETS ((11,,222200)) 211,919 ++ 2,424 ++ 12,226 LIABILITIES Federal Reserve notes 165,970 - 361 + 9,902 Deposits: Depository institutions 26,580 - 1,411 + 5,303 U.S. Treasury—general account 4,284 + 2,107 — 3,393 Foreign—official accounts 205 - 22 + 22 Other 824 + 503 + 488 Total deposits 31,893 + 1,177 + 2,420 Deferred availability cash items (1,220) 7,985 + 1,618 - 496 Other liabilities and accrued dividends4 2,378 - 6 + 66 TOTAL LIABILITIES (1,220) 208,226 + 2,428 + 11,892 CAPITAL ACCOUNTS Capital paid in 1,687 + 2 + 171 Surplus 1,626 — + 161 Other capital accounts 380 - 6 + 2 * 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 officii and international accounts of which $ -0- million was outstanding at the end of the latest statement week. 2 Net of $3,840 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 3<sn 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 „ount at Chicago of $ 63 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, April 17, 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 1,247 — 4,622 - 1,577 223 + 74 16 days to 90 days 23 — 39,205 + 2,989 398 - 34 91 days to 1 year — — 47,196 429 1,963 - 40 Over 1 year to 5 years — — 37,986 + 861 4,105 — Over 5 years to 10 years — — 14,638 + 92 1,284 — Over 10 years — ^^ 2200,,779922 ++ 9966 339999 — Total 1,270 116644,,443399 ++ 22,,003322 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 April 17, 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 547 30 21 31 42 77 54 39 34 24 53 34 108 Loans 1,270 24 9 25 16 97 4 964 18 28 72 1 12 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 73,630 3,706 24,718 2,473 4,077 6,137 1,749 10,052 2,112 991 3,509 4,665 9,441 Certificates: Special Other Notes 67,269 3,385 22,583 2,260 3,725 5,606 1,598 9,184 1,930 906 3,206 4,261 8,625 Bonds 23,540 1,185 7,903 791 1,303 1,962 559 3,214 675 317 1,122 1,491 3,018 Total bought outright 2 164,439 8,276 55,204 5,524 9,105 13,705 3,906 22,450 4,717 2 ,214 7,837 10,417 21,084 Held under repurchase agreements 1 ~ — — — — — — — — — — — — Total U.S. government securities 164,439 8,276 55,204 5,524 9,105 13,705 3,906 22,450 4,717 2 7214" 7,837 10,417 21,084 Total loans and securities 174,081 8,721 58,024 5,830 9,585 14,500 4,109 24,557 4,975 2 ,355 8,308 10,948 22,169 Cash items in process of collection 9,303 729 738 529 342 447 879 741 556 503 1,404 837 1,598 Bank premises 576 94 25 49 28 103 42 22 17 25 38 19 114 Other assets 3 12,921 317 3,081 326 470 535 524 4,697 232 192 364 1,037 1,146 Interdistrict settlement account -0- + 1,178 - 2,405 - 324 + 714 + 1,317 + 1,717 - 3,746 + 272 + 228 - 563 + 424 + 1,188 TOTAL ASSETS 213,139 * 11,909 64,173 7,181 12,100 18,356 7,846 28,466 6,613 3 ,548 10,453 14,335 28,159 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 $ 3,840 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 360 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 April 17, 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 165,970 10,259 50,022 5,487 10,240 15,446 4,169 24,275 5,123 2,434 7,711 10,353 20,451 Deposits: Depository institutions 26,580 772 6,236 978 1,142 2,079 2,558 2,571 790 468 1,002 2,694 5,290 U.S. Treasury—general account 4,284 4,284 Foreign-official accounts 205 4 92 7 10 7 12 21 4 5 7 12 24 Other 824 722 1 25 1 69 1 2 2 1 Total deposits 31,893 776 11,334 985 1,153 2,111 2,571 2,661 794 474 1,011 2,708 5,315 Deferred availability cash items 9,205 649 1,086 460 347 411 756 675 527 493 1,449 834 1,518 Other liabilities and accrued dividends1 2,378 118 791 79 132 197 63 332 68 36 113 149 300 TOTAL LIABILITIES 209,446 11,802 63,233 7,011 11,872 18,165 7,559 27,943 6,512 3,437 10,284 14,044 27,584 CAPITAL ACCOUNTS Capital paid in 1,687 46 415 80 105 82 140 236 46 55 78 136 268 Surplus 1,626 45 397 80 104 80 134 228 46 54 74 129 255 Other capital accounts 380 16 128 10 19 29 13 59 9 2 17 26 52 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 213,139 11,909 64,173 7,181 12,100 18,356 7,846 28,466 6,613 3,548 10,453 14,335 28,159 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 196,059 12,335 55,013 8,021 11,618 17,243 7,400 26,189 6,576 2,849 11,279 12,517 25,019 Less—Held by F.R. Banks 30,089 2,076 4,991 2,534 1,378 1.797 3,231 1,914 1,453 415 3,568 2,164 4,568 F.R. notes, net 165,970 1100,,225599 5500,,002222 55,,448877 1100,,224400 1155,,444466 44,,116699 2244,,227755 55,,112233 22,,443344 77,,771111 1100,,335533 20,451 Collateral held against F.R. notes: Gold certificate account 11.093 Special Drawing Rights certif. acct. 4,168 Other eligible assets -0- U.S. govt and agency securities 150,259 Total collateral 165,970 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