H.4.1 Factors Affecting Reserve Balances of Depository Institutions

'QL^OVV FEDERAL RESERVE *-WS^- 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 30, 1985 Averages of daily figures (millions of dollars) RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt FF..RR.. BBaannkkss,, ^^TTdd eedd Change from week ended Wednesday RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss 99 MMaayy 2222,, 11 MMaayy 3300,, May 29, * 1985 11998855 11998844 1985 Reserve Bank credit: 1» 2 185,745 - 305 + 13,546 186,574 U.S. government securities- Bought outright—system account 164,223 - 132 + 12,028 164,714 Held under repurchase agreements — — — — Federal agency obligations- Bought outright 8,363 — 152 8,363 Held under repurchase agreements — — — — Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 1,174 - 300 1,834 1,419 Includes: seasonal borrowing of 173 - 2 61 177 extended credit of 687 + 504 + 668 954 Float 487 - 104 + 93 162 Other F.R. assets 11,497 + 230 + 3,409 11,916 Gold stock 11,091 13 11,091 Special Drawing Rights certificate account 4,618 — — 4,618 Treasury currency outstanding 16,716 + 14 + 679 16,728 Total factors supplying reserve funds 218,170 - 291 + 14,212 219,011 Currency in circulation** 183,967 + 930 + 11,314 184,854 Treasury cash holdings** 601 _ 1 + 57 602 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,245 + 107 87 3,853 Foreign 226 - 7 48 223 Service-related balances and adjustments 3 1,500 _ 119 + 196 1,329 Other 487 _ 297 + 51 530 Other F.R. liabilities and capital 6,258 - 70 + 373 6,082 Total factors, other than reserve balances, absorbing reserve funds 196,284 + 543 + 11,857 197,473 Reserve balances with F.R. Banks 4 21,886 _ 835 + 2,355 21,538 On May 29, 1985 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 120,328 million, an increase of $ l,141million for the week. 1 Net of $ 4,237 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,757 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 3,775million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $2,095 million was with foreign official and international accounts. Includes $ 254 million securities loaned—fully secured by U.S. government securities. 3 Consists of required clearing balances of $ 1,329 million and adjustments of $ 171 million to compensate for float. 4 Excludes required clearing balances and adjustments to compensate for float. •Estimated (Richmond 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 RANKS Millions of dollars **** Change since ** WWeeddnneessddaayy Wednesday, Wednesday, May 29. ]9fiS Mav 22. 1985 May -*fif 1QAA ASSETS Gold certificate account 11,091 — - 13 Special Drawing Rights certificate account 4,618 — — Coin 491 - 22 + 38 Loans 1,419 - 3,350 - 1,284 Acceptances- Held under repurchase agreements — — ~ Federal agency obligations— Bought outright 8,363 — - 152 Held under repurchase agreements1 — — — U.S. government securities: Bought outright—Bills 73,905 + 452 + 6,139 Notes 67,066 — + 3,196 Bonds 2233,,774433 — ++ 1„682 Total bought outright^ 116644,,771144 ++ 452 ++ 11*017 Held under repurchase agreements1 — — — Total U.S. government securities 164,714 ++ 452 ++ 11,017 Total loans and securities 174,496 _ 2,898 + 9,581 Cash items in process of collection (1,358) 8,411 + 981 - 2 ,,480 Bank premises 581 _ 2 + 28 Other assets 3 11,335 + 472 + 3,628 TOTAL ASSETS ((11,,335588)) 211,023 —— 1,469 ++ 10,782 LIABILITIES Federal Reserve notes 169,219 + 1,493 + 10,709 Deposits: Depository institutions 22,867 - 5,891 + 3,375 U.S. Treasury—general account 3,853 + 743 - 2,453 Foreign—official accounts 223 + 10 - 69 Other 530 + 58 + 105 Total deposits 27,473 - 5,080 + 958 Deferred availability cash items (1,358) 8,249 + 2,155 - 1,252 Other liabilities and accrued dividends4 2,335 - 37 _ 3 TOTAL LIABILITIES (1,358) 207,276 - 1,469 + 10,412 CAPITAL ACCOUNTS Capital paid in 1,714 + 4 + 182 Surplus 1,626 — + 161 Other capital accounts 407 - 4 + 27 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 official and international accounts of which $ 2,241 million was outstanding at the end of the latest statement week. 2 Net of $ 3,775 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 254 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 $ 65 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. ** Estimated (Richmond District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, May 29, 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 [Weelkiy changes Within 15 days 1,363 7,975 2,822 162 + 11 18 days to 90 days 56 35,578 2,230 566 + 18 91 days to 1 year 47,935 140 1,918 - 31 Over 1 year to 5 years 37,132 4,089 + 2 Over 5 years to 10 years 15,281 1,229 Over 10 years 20,813 399 Total 1,419 164,714 452 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 29, 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 491 27 17 28 34 77 50 31 28 24 49 27 99 Loans 1,419 36 23 26 386 19 620 62 43 176 6 22 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 73,905 4,317 24,651 2,588 4,320 6,519 2,264 8,142 2,146 974 3,296 4.777 9,911 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 7,920 831 1,388 2,094 727 2,616 689 313 1,059 1,535 3,184 Total bought outright 2 164,714 9,622 54,941 5,768 9,629 14,528 5,045 18,146 4,782 2 ,171 7,346 10.647 22,089 Held under repurchase agreements 1 — — — — — — — — — — — — — Total U.S. government securities 164,714 9,622 54,941 5.768 9,629 14,528 5,045 18,146 4,782 2 ,171 7,346 10,647 22,089 Total loans and securities 174,496 10,146 57,731 6,084 10,144 15,652 5,320 19,687 5,087 2 ,324 7,895 11,193 23,233 Cash items in process of collection 9,769 624 741 670 591 717 926 918 817 550 1,547 83 1,585 Bank premises 581 94 26 49 28 102 45 22 17 25 39 19 115 Other assets 3 11,335 287 1,912 304 428 468 446 4,458 231 184 314 1,202 1,101 Interdistrict settlement account -0- - 297 + 409 - 660 - 283 - 657 + 841 + 828 - 209 + 236 - 329 + 72 + 49 TOTAL ASSETS 212,381 11,780 65,449 7,183 11,879 17,736 8.202 28,041 6,498 3 ,560 10,373 13,619 28,061 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 $ 2,241 million was outstanding at the end of the latest statement week. 2 Net of $ 3,775 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 254 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 $ 65 million in Treasury Bills maturing within 90 days. * Estimated (Richmond 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 May 29, 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 169,219 10,097 51,283 5,496 10,267 15,539 5,037 24,213 5.038 2.449 7,684 10,787 21,329 Deposits: Depository institutions 22,867 934 6,899 856 862 1,191 1,915 2,120 653 437 858 1,687 4,455 US. Treasury—general account 3,853 3,853 Foreign—official accounts 223 4 109 7 10 7 13 21 4 5 7 12 24 Other 530 439 1 14 1 68 1 1 2 2 TToottaall ddeeppoossiittss 27,473 939 11,300 864 872 1,212 1,929 2,209 657 448 866 1,701 4,481 DDeeffeerrrreedd aavvaaiillaabbiilliittyy ccaasshh iitteemmss 9,607 500 1,118 571 374 590 865 841 632 519 1,553 684 1,360 OOtthheerr lliiaabbiilliittiieess aanndd aaccccrruueedd ddiivviiddeennddss 11 2,335 133 772 81 137 200 84 264 68 33 104 150 309 TTOOTTAALL LLIIAABBIILLIITTIIEESS 208,634 11,669 64,473 7,012 11,650 17,541 7,915 27,527 6.395 3,444 10,207 1133,,332222 27,479 CCAAPPIITTAALL AACCCCOOUUNNTTSS CCaappiittaall ppaaiidd iinn 1,714 46 433 80 105 88 139 236 47 56 77 113388 269 SSuurrpplluuss 1,626 45 397 80 104 80 134 228 46 54 74 112299 255 OOtthheerr ccaappiittaall aaccccoouunnttss 407 20 146 11 20 27 14 50 10 6 15 3300 58 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 212,381 11,780 65,449 7,183 11,879 17,736 8,202 28,041 6.498 3,560 10,373 1133,,661199 28,061 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 198,229 12,162 55,829 7,981 11,573 17,676 7,886 26,034 6.473 2,922 11,291 111222,,,666333333 25,769 Less-Held by F.R. Banks 29,010 2,065 4,546 2,485 1,306 2,137 2,849 1,821 1.435 473 3,607 111,,,888444666 4,440 F. R. notes, net 169,219 1100,,009977 5511,,228833 55,,449966 1100,,226677 1155,,553399 55,,003377 2244..221133 55,,003388 22,,444499 77,,668844 111000,,,777888777 21,329 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 153,510 Total collateral 169,219 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. *Estiraated (Richmond District). n Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis