H.4.1 Factors Affecting Reserve Balances of Depository Institutions

•oQLCo^ FEDERAL RESERVE 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 9, 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 MMaayy 88,, 11998855 Ma\7 1 . MMaayy 9, May 8, 1985 | 11998844 1985 Reserve Bank credit: 1> 2 195,663 + 604 + 20,253 193,039 U.S. government securities- Bought outright—system account 168,164 + 1,075 + 13,630 167,660 Held under repurchase agreements 4,417 - 444 + 3,687 2,141 Federal agency obligations- Bought outright 8,371 - 1 - 185 8,371 Held under repurchase agreements 343 - 91 + 298 214 Acceptances- Bought outright — — — — Held under repurchase agreements — — - 94 — Loans to depository institutions 634 - 638 - 464 427 Includes: seasonal borrowing of 164 - 9 + 3 147 extended credit of 119 - 553 + 67 15 Float 743 + 623 - 149 720 Other F.R. assets 12,992 + 82 + 3,532 13,506 Gold stock 11,091 — - 16 11,091 Special Drawing Rights certificate account 4,618 — — 4,618 Treasury currency outstanding 16,674 + 14 _+ 673 16,686 Total factors supplying reserve funds 228,046 + 618 + 20,911 225,434 Currency in circulation* 181,965 + 1,488 + 10,492 182,947 Treasury cash holdings* 597 + 10 + 54 597 Deposits, other than reserve balances, with F.R. Banks: Treasury 12,557 - 3,906 + 6,906 7,526 Foreign 219 - 3 - 5 267 Service-related balances and adjustments 3 1,503 - 73 _ 39 1,303 Other 542 + 240 + 3 504 Other F.R. liabilities and capital 6,383 - 105 _+ 591 6,186 Total factors, other than reserve balances, absorbing reserve funds 203,766 - 2,349 + 18,002 199,330 Reserve balances with F.R. Banks 4 24,280 + 2,967 + 2,908 26,104 On May 8, 1985 » marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $117,511 million, an increase of $ l,979million for the week. 1 Net of $1,502 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 1,502 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 2,006 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 2,006 million was with foreign official and international accounts. Includes $ 217 million securities loaned—fully secured by U.S. government securities. 3 Consists of required clearing balances of $ 1,303 million and adjustments of $200 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, MMaavv 88.. 11998855 Mav 1. 1985 Mav 9. 1984 ASSETS 11,091 16 Gold certificate account 4,618 Special Drawing Rights certificate account Coin 536 55 Hh 64 Loans 427 861 2,274 Acceptances- 427 Held under repurchase agreements Federal agency obligations- 8,371 — - 185 Bought outright 214 - 368 + 100 Held under repurchase agreements1 U.S. government securities: 76,851 + 1,751 + 8,635 Bought outright—Bills 67,269 — + 3,142 Notes 23,540 — ++ 1,736 Bonds 167,660 ++ 1,751 ++ 13,513 Total bought outright2 2,141 - 8,585 - 256 Held under repurchase agreements1 169,801 - 6,834 + 13,257 Total U.S. government securities 178,813 - 8,063 + 10,471 Total loans and securities (978) 6,948 - 1,226 - 662 Cash items in process of collection 578 — + 29 Bank premises 12,928 + 412 + 3,780 Other assets 3 (978) 215,512 - 8,932 + 13,666 TOTAL ASSETS LIABILITIES Federal Reserve notes 167,394 + 1,772 + 10,323 Deposits: Depository institutions 27,407 + 2,953 + 287 U.S. Treasury—general account 7,526 - 12,134 + 3,497 Foreign—official accounts 267 + 89 - 8 Other 504 + 138 - 37 Total deposits 35,704 - 8,954 4- 3,739 Deferred availability cash items Other liabilities and accrued dividends4 (978) 6,228 - 1,578 - 806 2,438 - 180 + 22 TOTAL LIABILITIES (978) 211,764 - 8,940 •f 13,278 CAPITAL ACCOUNTS * Capital paid in 1,705 + 2 + 180 Surplus 1,626 — + 161 Other capital accounts 417 + 6 + 47 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 $ 1,206 million was outstanding at the end of the latest statement week. Net of $ 2,006 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 217 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, May 8, 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 361 — 12,590 - 6,256 222 - 368 16 days to 90 days 66 — 34,263 323 669 + 137 91 days to 1 year — — 50,314 254 1,929 - 136 Over 1 year to 5 years — — 37,204 — 4,082 - 1 Over 5 years to 10 years — — 14,638 1 1,284 — Over 10 years --^^ 2200,,779922 — 339999 :: 1 Total 4422TT 116699,,880011 - 6,834 88,,558855 369 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4. t (b| STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON May 8, 1985 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco ASSETS Gold certif cate 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 536 29 21 32 40 81 53 35 30 24 53 32 106 Loans 427 13 — 16 21 132 4 23 18 39 138 3 20 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 1 214 — 214 — — U.S. government securities: Bought outright—Bills 76,851 4,490 25,634 2,691 4,492 6,779 2,353 8,467 2,231 1,013 3,428 4,967 10,306 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 2 167,660 9,795 55,923 5,871 9,801 14,788 5,135 18,471 4,868 2,209 7,478 10,837 22,484 Held under repurchase agreements 1 2,141 — 2,141 — — — — Total U.S. government securities 169,801 9,795 58,064 5,871 9,801 14,788 5TT35- 18,471 4^868 2,209 7,478 10,837 22,484 Total loans and securities 178,813 10,297 61,071 6,180 , 10,311 15,658 5,396 19,416 5,129 2,358 7,989 11,381 23,627 Cash items in process of collection 7,926 409 935 283 303 514 985 649 494 403 1,178 614 1,159 Bank premises 578 94 26 49 28 103 43 22 17 25 38 19 114 Other assets 3 12,928 364 2,457 348 501 1,010 523 4,591 245 201 376 1,105 1,207 IInntteerrddiissttrriicctt sseettttlleemmeenntt aaccccoouunntt -0- - 134 + 694 - 626 - 169 - 313 + 120 + 2,097 + 32 + 365 + 34 - 863 - 1,237 TTOOTTAALL AASSSSEETTSS 216,490 11,958 67,817 6,974 11,951 18,430 7,694 28,907 6,474 3,593 10,526 13,311 26,855 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 $ 1,206 million was outstanding at the end of the latest statement week. 2 Net of $ 2,006 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 217 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 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 167.394 10,257 50,450 5,447 10,332 15,874 4,435 24,215 5,100 2,486 7,793 10,441 20,564 Deposits: Depository institutions 27.407 1,057 8,557 948 932 1,729 2,184 3,233 735 542 1,269 1,945 4,276 U.S. Treasury—general account 7,526 7,526 Foreign-official accounts 267 4 154 7 10 7 12 21 4 5 7 12 24 Other 504 1 384 33 1 78 1 3 1 2 Total deposits 35,704 1,062 16,621 955 942 1,769 2,197 3,332 739 548 1,279 1,958 4,302 Deferred availability cash items 7,206 393 917 321 308 390 691 578 462 409 1,181 461 1,095 Other liabilities and accrued dividends1 2,438 136 850 81 140 205 81 267 69 34 106 156 313 TOTAL LIABILITIES 212,742 11,848 68,838 6,804 11,722 18,238 7,404 28,392 6,370 3,477 10,359 13,016 26,274 CAPITAL ACCOUNTS Capital paid in 1.705 46 430 80 105 82 140 237 47 56 77 137 268 Surplus 1,626 45 397 80 104 80 134 228 46 54 74 129 255 Other capital accounts 417 19 152 10 20 30 16 50 11 6 16 29 58 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 216,490 11,958 69,817 6,974 11,951 18,430 7,694 28,907 6,474 3,593 10,526 13,311 26,855 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 196,954 12,344 55,348 7,896 11,700 17,429 7,563 26,318 6,514 2,934 11,353 12,391 25,164 Less-Held by F.R. Banks 29,560 2,087 4,898 2,449 1,368 1,555 3,128 2,103 1,414 448 3,560 1,950 4,600 F. R. notes, net 167,394 1100,,225577 5500,,445500 55,,444477 1100,,333322 1155,,887744 44,,443355 2244,,221155 55,,110000 22,,448866 77,,779933 1100,,444411 20,564 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 151,685 Total collateral 167,394 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