H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE ••fSfE^V 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 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 May 22, May 15, 1 May 23, May 22, 1985 lQft4 1985 Reserve Bank credit. 1* 2 186,007 - 1,960 + 16,845 190,176 U.S. government securities- Bought outright —system account 164,355 514 + 15,835 164,262 Held under repurchase agreements — — — — Federal agency obligations- Bought outright 8,363 1 153 8,363 Held under repurchase agreements — — — — Acceptances- Bought outright — — — Held under repurchase agreements — — — Loans to depository institutions 1,474 + 81 2,272 4,769 Includes: seasonal borrowing of 175 + 29 29 188 extended credit of 183 371 + 167 489 Float 541 + 1 + 102 1,336 Other F.R. assets 11,274 - 1,526 + 3,333 11,446 Gold stock 11,091 — 15 11,091 Special Drawing Rights certificate account 4,618 — 4,618 Treasury currency outstanding 16,702 + 14 + 678 16,714 Total factors supplying reserve funds 218,418 - 1,946 . + 17,509 222,599 Currency in circulation* 183,037 + 137 + 11,212 183,326- Treasury cash holdings* 602 + 2 + 54 601 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,138 - 3,745 882 3,110 Foreign 233 8 4 213 Service-related balances and adjustments 3 1,618 + 101 + 19 1,327 Other 784 + 137 + 343 472 Other F.R. liabilities and capital • 6,328 + 38 + 413 6,119 Total factors, other than reserve balances, absorbing reserve funds 195,740 - 3,339 + 11,155 195,168 Reserve balances with F.R. Banks 4 22,679 + 1,394 + 6,355 27,431 On May 22, 1985 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 119,187 million, an increase of $1,071 million for the week. 1 Net of $4,131 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 4,131 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 4,224 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4,224million was with foreign official and international accounts. Includes $ 231 million securities loaned—fully secured by U.S. government securities. 3 Consists of required clearing balances of $ 1,327 million and adjustments of $ 291 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 Wednesday Wednesday, Wednesday, May 22, 1985 May 15, 1985 May 23, 1984 ASSETS Gold certificate account 11,091 13 Special Drawing Rights certificate account 4,618 Coin 513 12 + 44 Loans 4,769 3,285 + 1,544 Acceptances- Held under repurchase agreements Federal agency obligations— 8,363 153 Bought outright Held under repurchase agreements1 U.S. government securities: 73,453 50 + 8 236 Bought outright—Bills 67,066 + 3 196 Notes 23,743 + 1 682 Bonds 164,262 + 50 + 13 ,114 Total bought outright2 — Held under repurchase agreements1 164,262 + 50 + 13 ,114 Total U.S. government securities 177,394 + 3,335 + 14 ,505 Total loans and securities (1,067) 7,430 - 3,414 + 78 Cash items in process of collection 583 + 1 + 28 Bank premises 10,863 + 48 + 3 ,301 Other assets3 (1,067) 212,492 - 42 + 17, 943 TOTAL ASSETS LIABILITIES Federal Reserve notes 167,726 + 185 + 10, 651 Deposits: Depository institutions 28,758 + 4,952 + 7 ,167 U.S. Treasury—general account 3,110 - 304 + 516 Foreign—official accounts 213 - 106 + 1 Other 472 - 997 + 65 Total deposits 32,553 + 3,545 + 7, 749 Deferred availability cash items (1,067) 6,094 - 3,768 - 826 Other liabilities and accrued dividends4 2,372 - 3 - 10 TOTAL LIABILITIES (1,067) 208,745 41 + 17, 564 CAPITAL ACCOUNTS Capital paid in 1,710 + 181 Surplus 1,626 + 161 Other capital accounts 411 + 37 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 $ 4,224 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 2 31 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 $ 67 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 22, 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 4,690 5,153 128 151 + 84 16 days to 90 days 79 37,808 + 2,057 548 - 83 91 days to 1 year 48,075 - 1,879 1,949 Over 1 year to 5 years 37,132 4,087 Over 5 years to 10 years 15,281 1,229 Over 10 years 20,813 399 Total 4,769 164,262 50 8,363 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 22, 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 513 29 .19 31 37 79 51 33 29 23 51 29 102 Loans 4,769 250 2,735 15 22 406 61 528 79 49 149 182 313 Acceptances held under repurchase agreements — — Federal agency obligations: Bought outright 8,363 488 2,790 293 489 738 256 921 243 110 373 540 1,122 Held under repurchase agreements 1 — — — — — — — — — — — — — U.S. government securities: Bought outright—Bills 73,453 4,291 24,500 2,572 4,293 6,479 2,250 8,093 2,133 967 3,277 4,747 9,851 Notes 67,066 3,918 22,370 2,349 3,921 5,915 2,054 7,388 1,947 884 2,991 4,335 8,994 Bonds 23,743 1,387 7,920 83J_ 1,388 2,094 727 2,616 689 313 1,059 1,535 3,184 Total bought outright 2 164,262 9,596 54,790 5,752 9,602 14,488 5,031 18,097 4,769 2 ,164 7,327 10,617 22,029 Held under repurchase agreements 1 — — — — — — — — — Total U.S. government securities "T64T262 99~~ll9966~~ 54;790" "5,752" 9977660022 114477448888"" 5,031 18,097 4,769 2 ,164 7,327 10,617 22,029~ Total loans and securities 177,394 '10,334 60,295 6,060 10,113 15,632 5,348 19,546 5,091 2 ,323 7,849 11,339 23,464 Cash items in process of collection 8,497 357 1,286 452 346 460 751 843 622 400 1,286 494 1,200 Bank premises 583 94 26 49 28 105 44 22 17 25 39 19 115 Other assets 3 10,863 276 1,858 292 472 440 439 4,431 197 186 305 972 995 Interdistrict settlement account -0- + 56 - 1 ,723 - 344 - 283 - 225 + 1,309 + 860 - 133 + 302 - 312 + 200 + 293 TOTAL ASSETS "213,559 " 12", 04 5 667374" 7,248" " 11,650 17,868 8,516 27,832 6,350 3 ,476 10,076 14,076 28,048 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 $ 4,224 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 231 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 $ 67 million in Treasury Bills maturing within 90 days. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON May 22, 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 167,726 10,075 50,776 5,425 10,187 15,392 5,003 23,982 5,003 2,432 7,701 10,732 21,018 Deposits: Depository institutions 28,758 1,349 9,427 1,163 793 1,706 2,435 2,383 707 499 873 2,396 5,027 U.S. Treasury- general account 3,110 — 3,110 — — — — — — — — — — Foreign—official accounts 213 4 too 7 10 7 12 21 4 5 7 12 24 Other 472 I 375 — — 16 1 72 — — 2 2 3 Total deposits 32,553 1,354 13,012 1,170 803 1,729 2,448 2,476 711 504 882 2,410 5,054 Deferred availability cash items 7,161 369 829 401 292 349 688 593 464 389 1,220 486 1,081 Other liabilities and accrued dividends 1 2,372 136 783 81 139 202 88 268 69 35 106 152 313 TOTAL LIABILITIES 209,812 11,934 65,400 7,077" 11,421 17,672 8,227 27,319 6,247 3,360 9,909 13,780 27,466 CAPITAL ACCOUNTS Capital paid in 1,710 46 433 80 105 83 139 237 47 56 77 138 269 Surplus 1,626 45 397 80 104 80 134 228 46 54 74 129 255 Other capital accounts 411 2J)_ 144 11_ 20_ 33 16 48 10 6_ 16 29 58 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 213,559 12,045 66,374 7,248 11,650 17,868 8,516 27,832 6,350 3,476 10,076 14,076 28,048 FEDERAL RESERVE AGENTS^ ACCOUNTS F.R. notes outstanding 197,940 12,160 55,535 7,914 11,564 17,659 8,076 26,033 6,490 2,927 11,272 12,691 25,619 Less-Held by F.R. Banks 30,214 2,085 4,759 2,489 1,377 2,267 3,073 2,051 1,487 495 3,571 1,959 4,601 F.R. notes, net 167,726 10,075 50,776 5,42V 10,187 15,392" 5,003 23,982 5,003 2,432 7,701 10,732 21,018 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 152,017 Total collateral 167,726 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