H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE •?f5SF§!?r-- 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 May 2, 1985 Averages of daily figures (millions of dollars) RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt FF..RR.. BBaannkkss,, Weekended Change from week ended Wednesday * RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss May 1, 1985 * ^ 5 2A, M 1 a 9 y J ' J May 1, 1985 Reserve Bank credit: 1» 2 195,066 + 8,889 + 13,313 200,386 U.S. government securities- Bought outright—system account 167,089 + 3,189 + 10,980 165,909 Held under repurchase agreements 4,861 + 4,861 - 545 10,726 Federal agency obligations- Bought outright 8,372 — - 184 8,371 Held under repurchase agreements 434 + 434 + 204 582 Acceptances- Bought outright — — — — Held under repurchase agreements — — - 267 — Loans to depository institutions 1,272 + 154 + 243 1,288 Includes: seasonal borrowing of 173 + 39 + 16 171 extended credit of 672 + 3 + 602 728 Float 121 - 487 - 445 374 Other F.R. assets 12,916 + 737 + 3,327 13,136 Gold stock 11,091 - 1 - 17 11,091 Special Drawing Rights certificate account 4,618 — — 4,618 Treasury currency outstanding 16,660 + 14 + 681 16,672 Total factors supplying reserve funds 227,435 + 8,902 + 13,977 232,767 Currency in circulation** 180,477 _ 339 + 9,981 181,110 Treasury cash holdings** 587 + 7 + 50 593 Deposits, other than reserve balances, with F.R. Banks: Treasury 16,463 + 10,447 + 996 19,660 Foreign 222 + 18 - 12 178 Service-related balances and adjustments 3 1,576 + 33 w + 239 1,302 Other 302 - 69 - 76 366 Other F.R. liabilities and capital 6,494 + 87 + 198 6,406 Total factors, other than reserve balances, absorbing reserve funds 206,122 + 10,185 + 11,377 209,615 Reserve balances with F.R. Banks 4 21,313 - 1,283 + 2,601 23,152 On May 1, 1985 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 115,532 million, a decreasef $ 1»^million f the week. 0 or 1 Net of $2,577 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 2,577 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 3,757 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 3,757 million was with foreign official and international accounts. Includes $ 80^ million securities loaned—fully secured by U.S. government securities. 3 Consists of required clearing balances of $ 1,302 million and adjustments of $ 27^ million to compensate for float. 4 Excludes required clearing balances and adjustments to compensate for float. * Estimated (Minneapolis District). ** 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, May 1, 1Q8S ** April 24, 1985 May 2 i 1984 ASSETS Gold certificate account 11,091 •~— — 16 Special Drawing Rights certificate account 4,618 —_ Coin 591 + 49 + 115 Loans 1,288 - 192 + 481 Acceptances- Held under repurchase agreements — — - 224 Federal agency obligations- Bought outright 8,371 - 1 - 185 Held under repurchase agreements 1 582 + 582 + 260 U.S. government securities: Bought outright—Bills 75,100 - 808 + 3,456 Notes 67,269 — + 3,142 Bonds 2233,,554400 — ++ 1,736 Total bought outright2 116655,,990099 __ 808 ++ 8,334 Held under repurchase agreements1 10,726 + 10,726 + 4,587 Total U.S. government securities 176,635 + 9,918 + 12,921 Total loans and securities 186,876 + 10,307 + 13,253 Cash items in process of collection (1,064) 8,185 + 506 - 1,722 Bank premises 578 + 2 + 29 Other assets 3 12,558 + 548 + 3,333 TOTAL ASSETS ((11,,006644)) 224,497 ++ 11,412 ++ 14,992 LIABILITIES Federal Reserve notes 165,622 + 607 + 9,617 Deposits: Depository institutions 24,454 - 761 + 2,869 U.S. Treasury—general account 19,660 + 10,792 + 3,224 Foreign—official accounts 178 - 2 - 14 Other 366 + 51 - 196 Total deposits 44,658 + 10,080 + 5,383 Deferred availability cash items (1,064) 7,811 + 548 - 835 Other liabilities and accrued dividends4 2,666 + 146 - 175 TOTAL LIABILITIES (1,064) 220,757 + 11,381 + 14,490 CAPITAL ACCOUNTS Capital paid in 1,703 + 16 + 182 Surplus 1,626 — + 161 Other capital accounts 411 * + 15 + 159 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 $ 3,757 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 804 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 $ 64 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. ** Estimated (Minneapolis District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, May 1, 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 1,180 18,846 14,408 590 442 16 days to 90 days 108 34,586 4,707 532 67 91 days to 1 year 50,568 998 2,065 124 Over 1 year to 5 years 37,204 782 4,083 52 Over 5 years to 10 years 14,639 1 1,284 Over 10 years 20,792 400 + 1 Total 1,288 176,635 9,918 8,954 + 582 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 May 1, 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 11,091 658 3,278 483 635 969 413 1,451 357 156 617 713 1,361 Special Drawing Rights certif. acct. 4,618 241 1,335 225 302 408 161 646 170 61 241 310 518 Coin 591 66 21 32 40 80 54 54 31 24 51 31 107 Loans 1,288 26 10 33 24 135 9 736 26 36 210 4 39 Acceptances held under repurchase agreements Federal agency obligations: Bought outright 8,371 489 2,793 293 489 738 257 922 243 110 373 541 1,123 Held under repurchase agreements 1 582 582 U.S. government securities: Bought outright—Bills 75,100 4,387 25.050 2,630 4,390 6,624 2,300 8,274 2,180 990 3,350 4,854 10,071 Notes 67,269 3,930 22,437 2,356 3,933 5,933 2,061 7,411 1,953 886 3,000 4.348 9,021 Bonds 23,540 1,375 7,852 824 1,376 2.076 721 2,593 684 310 1,050 1,522 3,157 Total bought outright 2 165,909 9,692 55,339 5,810 9,699 14,633 5,082 18,278 4,817 2,186 7,400 10,724 22,249 Held under repurchase agreements 1 10,726 10,726 Total U.S. government securities 176,635 9,692 66,065 5,810 9,699 14,633 5,082 18,278 4,817 2,186 7,400 10,724 22,249 Total loans and securities 186,876 10,207 69,450 6,136 10,212 15,506 5,348 19,936 5,086 22,,333322 77..998833 1111,,226699 23,411 Cash items in process of collection 9,249 430 733 406 349 417 842 598 558 446611 11,,554444 11,,119922 1,719 Bank premises 578 94 26 50 28 103 42 22 17 2255 3388 1199 114 Other assets 3 12,558 353 2,682 340 492 540 481 4,656 247 224422 336666 997799 1,180 Interdistrict settlement account -0- - 19 - 205 - 837 - 349 - 406 + 484 + 1,884 - 105 ++ 332233 -- 119911 -- 226600 - 319 TOTAL ASSETS 225,561 12,030 77,320 6,835 11,709 17,617 7,825 29,247 6,361 33,,662244 1100,,664499 1144,,225533 28,091 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 $ 3,757 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 804 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 $ 54 million in Treasury Bills maturing within 90 days. * Estimated (Minneapolis District). 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 Millions of dollars * Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 165,622 10,206 49,963 5,373 10,183 15,447 4,526 23,849 5,035 2,466 7,715 10,345 20,514 Deposits: Depository institutions 24,454 1,112 4,448 806 824 1,295 2,185 3,927 627 498 1,097 2,539 5,096 U.S. Treasury—general account 19,660 19,660 Foreign-official accounts 178 r 4 64 7 10 7 13 21 4 5 7 12 24 Other 366 5 245 35 1 73 2 2 3 Total deposits 44,658 1,121 24,417 813 834 11,,333377 22,,119999 44,,002211 663311 550033 11,,110066 22,,555533 5,123 Deferred availability cash items 8,875 453 982 393 322 442288 772266 558844 552200 445555 11,,555522 990077 1,553 Other liabilities and accrued dividends 1 2,666 138 996 84 141 221100 8844 227755 7722 8822 110099 115544 321 TOTAL LIABILITIES 221,821 11,918 76,358 6,663 11,480 1177,,442222 77,,553355 2288,,772299 66,,225588 33,,550066 1100,,448822 1133,,995599 27,511 CAPITAL ACCOUNTS Capital paid in 1,703 46 430 79 105 8822 114400 223377 4477 5566 7777 113366 268 Surplus 1,626 45 397 80 104 8800 113344 222288 4466 5544 7744 112299 255 Other capital accounts 411 21 135 13 20 3333 1166 5533 1100 88 1166 2299 57 TOTAL LIABILITIES AND CAPITAL 225,561 12,030 77,320 6,835 11,709 17,617 7,825 29,247 6,361 3,624 10,649 14,253 28,091 ACCOUNTS FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 196,383 12,294 54,991 7,941 11,649 17,400 7,818 25,885 6,528 2,910 11,380 12,407 25,180 Less-Held by F.R. Banks 30,761 2,088 5,028 2,568 1,466 1,953 3,292 2,036 1,493 444 3,665 2,062 4,666 F.R. notes, net 165,622 1100,,220066 4499,,996633 55,,337733 1100,,118833 1155,,444477 44,,552266 2233,,884499 55,,003355 22,,446666 77,,771155 1100,,334455 20,514 Collateral held against F.R. notes: Gold certificate account 11,091 Special Drawing Rights certif. acct. 4,618 Other eligible assets -0- U.S. govt, and agency securities 149,913 Total collateral 165,622 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. *Estimated (Minneapolis District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis