H.4.1 Factors Affecting Reserve Balances of Depository Institutions

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 June 6, 1985 Averages of daily figures (millions of dollars) RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt FF..RR.. BBaannkkss,, WWeeeekk eennddeedd Change from week ended WWeeddnneessddaayy RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss JJuunnee 55,, May 29, " rJ une 6, JJuunnee 55,, 11998855 1QRS I IQfiA 11998855 Reserve Bank credit: 1» 2 187,242 + 1,497 + 12,941 189,908 U.S. government securities- Bought outright—system account 164,694 + 471 + 11,894 164,066 Held under repurchase agreements 568 + 568 - 481 1,174 Federal agency obligations- Bought outright 8,363 — - 146 8,363 Held under repurchase agreements 19 + 19 - 55 10 Acceptances- Bought outright — — — — Held under repurchase agreements — — - 82 — Loans to depository institutions 1,861 + 687 - 1,270 3,549 Includes: seasonal borrowing of 168 - 5 - 77 156 extended credit of 1,140 + 453 + 1,129 1,150 Float 135 - 352 - 446 774 Other F.R. assets 11,602 + 104 + 3,527 11,972 Gold stock 11,091 — - 13 11,091 Special Drawing Rights certificate account 4,618 — — 4,618 Treasury currency outstanding 16,730 + 14 + 675 16,742 Total factors supplying reserve funds 219,681 + 1,511 + 13,602 222,359 Currency in circulation* 184,907 + 940 + 11,165 185,237 Treasury cash holdings* 602 + 1 + 65 598 Deposits, other than reserve balances, with F.R. Banks: Treasury 2,400 -. 845 _ 2,304 1,975 Foreign 217 _ 9 — 24 211 Service-related balances and adjustments 3 1,494 _ 13 + 209 1,337 Other 541 + 54 + 28 444 Other F.R. liabilities and capital 6,254 - 4 + 365 6,091 Total factors, other than reserve balances, absorbing reserve funds 196,415 + 123 + 9,504 195,893 Reserve balances with F.R. Banks 4 23,266 + 1,387 + 4,099 26,466 On June 5, 1985 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 122,203 million, an increase of $ l»875million for the week. 1 Net of $4,012 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 4,012 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $4,672 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4,672 million was with foreign official and international accounts. Includes $389 million securities loaned—fully secured by U.S. government securities. 3 Consists of required clearing balances of $ 1,337 million and adjustments of $ 157 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, June 5, 1985 May 29, 1985 June 6, 1984 ASSETS Gold certificate account 11,091 — - 13 Special Drawing Rights certificate account 4,618 — — Coin 481 - 10 + 32 Loans 3,549 + 2,130 - 838 Acceptances- Held under repurchase agreements — — — Federal agency obligations- Bought outright 8,363 — - 139 Held under repurchase agreements1 10 + 10 + 10 U.S. government securities: Bought outright—Bills 73,257 - 648 + 6,397 Notes 67,066 — + 3,196 Bonds 2233,,774433 — ++ 1,682 Total bought outright2 116644,,006666 __ 648 ++ 11,275 Held under repurchase agreements1 1,174 + 1,174 + 1,174 Total U.S. government securities 165,240 + 526 + 12,449 Total loans and securities 177,162 + 2,666 + 11,482 Cash items in process of collection (1,065) 7,557 - 721 - 528 Bank premises 581 + 28 Other assets 3 11,391 + 52 + 3.,651 TOTAL ASSETS ((11,,006655)) 212,881 ++ 1,987 ++ 14,652 LIABILITIES Federal Reserve notes 169,574 + 355 + 10,432 Deposits: Depository institutions 27,803 + 4,936 + 5,749 U.S. Treasury—general account 1,975 - 1,878 - 1,483 Foreign—official accounts 211 - 12 + 5 Other 444 - 86 + 66 Total deposits 30,433 + 2,960 + 4,337 Deferred availability cash items (1,065) 6,783 - 1,333 - 550 Other liabilities and accrued dividends4 2,320 - 15 - 38 TOTAL LIABILITIES (1,065) 209,110 + 1,967 + 14,181 CAPITAL ACCOUNTS Capital paid in 1,713 _ 1 + 176 Surplus 1,626 + 161 Other capital accounts 432 + 21 + 134 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 $ 4,672 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 339 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 $ 66 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, June 5, 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 3,465 — 8,784 + 809 89 - 73 16 days to 90 days 84 — 35,562 - 16 678 + 112 91 days to 1 year — — 47,758 - 177 1,931 + 13 Over 1 year to 5 years — — 37,042 - 90 4,053 - 36 Over 5 years to 10 years — — 15,281 — 1,223 - 6 Over 10 years — — 20,813 — 399 — Total 3,549 165,240 + 526 8,373 10 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 June 5, 1985 Millions of dollars Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis K C an it s y a s Dallas Fra S n a c n is co 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 481 25 18 27 33 79 51 29 26 23 49 26 95 Loans 3,549 8 1,980 7 24 383 63 818 21 45 152 10 38 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 10 -- 10 — — -- ~ ~ — — — ~ — U.S. government securities: Bought outright—Bills 73,257 4,279 24,434 2,566 4,282 6,462 2.244 8,071 2,127 965 3,268 4,735 9,824 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 2 164,066 9,584 54,724 5,746 9,591 14,471 5,025 18,075 4,763 2.162 7,318 10,605 22,002 Held under repurchase agreements 1 1,174 — 1,174 — — — — — — — — — — Total U.S. government securities 165,240 9,584 55,898 5,746 9,591 14.471 5,025 18,075 4,763 2,162 7,318 10,605 22,002 Total loans and securities 177,162 10,080 60,678 6,046 10,104 15,592 5,344 19,814 5,027 2.317 7,843 11,155 23,162 Cash items in process of collection 8,622 600 898 347 313 611 807 668 517 490 1,448 583 1,340 Bank premises 581 94 26 49 28 102 45 22 17 25 39 19 115 Other assets 3 11,391 293 1,984 303 440 488 452 4,473 210 190 321 1,014 1,223 Interdistrict settlement account -0- + 15 - 3,522 - 499 + 163 - 361 + 929 + 1,549 + 49 + 376 - 226 + 609 + 918 TOTAL ASSETS 213,946 12,006 64,695 6,981 12,018 17,888 8,202 28,652 6,373 3,638 10,332 14,429 28,732 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 $ _o- million was outstanding at the end of the latest statement week. 2 Net of $ 4,672 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 389 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 $ 66 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 June 5, 1985 Millions of dollars Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis K C an it s y a s Dallas Fra S n a c n is co LIABILITIES Federal Reserve notes 169,574 10,168 51,496 5,474 10,279 15,572 4,861 24,365 5,076 2,439 7,711 10,782 21,351 Deposits: Depository institutions 27,803 1,177 8,163 939 1,025 1,515 2,185 2,767 618 555 963 2,629 5,267 U.S. Treasury—general account 1,975 1,975 Foreign-official accounts 211 4 98 7 10 7 12 21 4 5 7 12 24 Other 444 1 331 27 2 73 2 1 7 Total deposits 30,433 1,182 10,567 946 1,035 1,549 2,199 2,861 622 560 972 2,642 5,298 Deferred availability cash items 7,848 415 904 311 301 371 772 652 506 486 1,377 558 1,195 Other liabilities and accrued dividends 1 2,320 129 754 78 175 192 80 257 65 37 101 149 303 TOTAL LIABILITIES 210,175 11,894 63,721 6,809 11,790 17,684 7,912 28,135 6,269 3,522 10,161 14,131 28,147 CAPITAL ACCOUNTS Capital paid in 1,713 46 433 80 105 87 139 236 47 56 77 138 269 Surplus 1,626 45 397 80 104 80 134 228 46 54 74 129 255 Other capital accounts 432 21 144 12 19 37 17 53 11 6 20 31 61 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 213,946 12,006 64,695 6,981 12,018 17,888 8,202 28,652 6,373 3,638 10,332 14,429 28,732 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 198,487 12,247 55,940 7,963 11,531 17,640 7,766 26,249 6,450 2,998 11,260 12,576 25,867 Less-Held by F.R. Banks 28,913 2,079 4,444 2,489 1,252 2,068 2,905 1,884 1,374 559 3,549 1,794 4,516 FF..RR.. nnootteess,, nneett 169,574 1100,,116688 5511,,449966 55,,447744 1100,,227799 1155,,557722 44,,886611 2244,,336655 55,,007766 22,,443399 77,,771111 1100,,778822 21,351 CCoollllaatteerraall hheelldd aaggaaiinnsstt FF..RR.. nnootteess:: GGoolldd cceerrttiiffiiccaattee aaccccoouunntt 11,091 SSppeecciiaall DDrraawwiinngg RRiigghhttss cceerrttiiff.. aacccctt.. 4,618 OOtthheerr eelliiggiibbllee aasssseettss -0- UU..SS.. ggoovvtt,, aanndd aaggeennccyy sseeccuurriittiieess 153,865 TToottaall ccoollllaatteerraall 169,574 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