H.4.1 Factors Affecting Reserve Balances of Depository Institutions

•is^JS- FEDERAL RESERVE '--fS^^: 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 13, 1985 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 June 12, June 12, 1985 June 5, 1985 June 13, 1984 1985 Reserve Bank credit: 1« 2 188,796 + 1,530 +14,271 188,647 U.S. government securit es— Bought outright—system account 166,676 + 1,982 +12,293 166,816 Held under repurchase agreements — 568 352 — Federal agency obligations- Bought outright 8,337 26 165 8,303 Held under repurchase agreements — 19 32 — Acceptances- Bought outright — — — — Held under repurchase agreements — — 18 — Loans to depository institutions 819 - 1,042 - 1,689 688 Includes: seasonal borrowing of 148 20 98 139 extended credit of 417 723 - 1,579 351 Float 1,026 + 882 + 556 961 Other F.R. assets 11,938 + 321 + 3,678 11,879 Gold stock 11,091 — 13 11,090 Special Drawing Rights certificate account 4,618 — 4,618 Treasury currency outstanding 16,744 + 14 + 674 16,756 Total factors supplying reserve funds 221,249 + 1,544 +14,932" 221,111 Currency in circulation* 185,552 + 645 +11,138 185,825 Treasury cash holdings" 598 4 + 63 597 Deposits, other than reserve balances, with F.R. Banks: Treasury 2,077 323 - 1,234 1,778 Foreign 211 6 23 207 Service-related balances and adjustments 3 1,667 + 173 + 349 1,420 Other 426 115 + 32 432 Other F.R. liabilities and capital 6,275 + 21 + 426 6,067 Total factors, other than reserve balances, 196,806 + 391" +10,751 196,326 absorbing reserve funds Reserve balances with F.R. Banks 4 24,443 + 1,153 + 4,182 24,785 On June 12, 1985 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $120,826 million, a decrease of $1,377 million for the week. 1 Net of $3,929 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,929 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 3,932 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 3,932 million was with foreign official and international accounts. Includes $ 373 million securities loaned—fully secured by U.S. government securities. 3 Consists of required clearing balances of $ 1,420 million and adjustments of $ 247 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, Jung 12, 19$£ ^ June 5, 1985 June .11 1984 ASSETS Gold certificate account 11,090 - 1 - 14 Special Drawing Rights certificate account 4,618 — — Coin 489 + 8 + 38 Loans 688 - 2,861 - 1,716 Acceptances— Held under repurchase agreements — — — Federal agency obligations- Bought outright 8,303 - 60 198 Held under repurchase agreements1 — - 10 — U.S. government securities: Bought outright—Bills 76,007 + 2,750 + 8,303 Notes 67,066 — + 3,196 Bonds 2233,,774433 — ++ 1„682 Total bought outright2 116666,,881166 ++ 2,750 ++ 13,181 Held under repurchase agreements1 — i + 1,174 — Total U.S. government securities 166,816 1,576 + i + 1,174 1,576 + 13,181 Total loans and securities 175,807 - 1,355 + 11,267 Cash items in process of collection (990) 7,304 - 253 - 143 Bank premises 582 + 1 + 29 Other assets 3 11,297 _ 94 + 3,405 TOTAL ASSETS ((999900)) 211,187 —— 1,694 ++ 14,582 LIABILITIES Federal Reserve notes 170,155 + 581 + 10,653 Deposits: Depository institutions 26,205 - 1,598 + 6,206 U.S. Treasury—general account 1,778 - 197 - 1,746 Foreign—official accounts 207 - 4 - 44 Other 432 - 12 + 90 Total deposits 28,622 - 1,811 + 4,506 Deferred availability cash items (990) 6,343 - 440 - 892 Other liabilities and accrued dividends4 2,305 _ 15 - 50 TOTAL LIABILITIES (990) 207,425 - 1,685 + 14,217 CAPITAL ACCOUNTS Capital paid in 1,717 + 4 + 179 Surplus 1,626 —— + 161 Other capital accounts 419 - 13 + 25 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 $3,932 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 3/3 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 $ 65 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 12, 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 : 620 — 7,585 - 1,199 . - 89 16 days to 90 days 68 — 39,303 + 3,741 778 + 100 91 days to 1 year I — 46,792 966 1,871 - 60 Over 1 year to 5 years i — 37,042 — 4,023 - 30 Over 5 years to 10 years — — 15,281 — 1,232 + 9 Over 10 years — ~ 20,813 — 399 — Total 688 166,816 + 1,576 8,303 70 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 12, 1985 Millions of dollars T ~ T Kansas San Totai Boston New York Philadelphia! Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 170,155 10,172 51,717 5,495 10,388 15,603 4,818 24,458 5,101 2,451 7,743 10,824 21,385 Deposits: Depository institutions 26,205 880 6,926 1,172 862 1,545 2,324 2,716 625 364 907 1,957 5,927 U.S. Treasury—general account 1,778 — 1,778 — — — — — — — — — — Foreign—official accounts 207 4 94 7 10 7 12 21 4 5 7 12 24 Other 432 — 336 — 1 25 — 67 — — 1 1 1 Total deposits 28,622 884 9,134 1,179 873 1,577 2,336 2,804 629 369 915 1,970 5,952 Deferred availability cash items 7,333 398 815 294 247 429 746 577 519 422 1,258 523 1,105 Other liabilities and accrued dividends 1 2,305 130 776677 83 134 199 82 260 67 32 103 146 302 TOTAL LIABILITIES 208,415 11,584 6622,,443333 7,051 11,642 17,808 7,982 28,099 6,316 3,274 10,019 13,463 28,744 CAPITAL ACCOUNTS Capital paid in 1,717 46 433 80 106 87 141 236 47 56 77 138 270 Surplus 1,626 45 397 80 104 80 134 228 46 54 74 129 255 Other capital accounts 441199 20 14_4 11 20__ 34_ 14 50 11 6 18 31 60 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 212,177 11,695 63,407 7,222 11,872 18,009 8,271 28,613 6,420 3,390 10,188 13,761 29,329 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 198,822 12,301 56,266 7,947 11,547 17,784 7,584 26,307 6,484 2,994 11,230 12,536 25,902 Less-Held by F.R. Banks 28,727 2,129 4,549 2,452 1,159 2,181 2,766 1,849 1,383 543 3,487 1,712 4,517 F.R. notes, net 170,155 10,172 51,717 5,495 10,388 15,603 4,818 24,458 5~101 2,451 7,743 10,824 21,385 Collateral held against F.R. notes: Gold certificate account 11,090 Special Drawing Rights certif. acct. 4,618 Other eligible assets -0- U.S. govt, and agency securities 154,447 Total collateral 170,155 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

H.4.1 (c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON June 12, 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 170,155 10,172 51,717 5,495 10,388 15,603 4,818 24,458 5,101 2,451 7,743 10,824 21,385 Deposits: Depository institutions 26,205 880 6,926 1,172 862 1,545 2,324 2,716 625 364 907 1,957 5,927 U.S. Treasury—general account 1,778 — 1,778 — — — — — — — — — — Foreign—official accounts 207 4 94 7 10 7 12 21 4 5 7 12 24 Other 432 — 336 — 1 25 — 67 — — 1 1 1 Total deposits 28,622 884 9,134 1,179 873 1,577 2,336 2,804 629 369 915 1,970 5,952 Deferred availability cash items 7,333 398 815 294 247 429 746 577 519 422 1,258 523 1,105 Other liabilities and accrued dividends 1 2,305 130 776677 83 134 199 82 260 67 3322 110033 114466 302 TOTAL LIABILITIES 208,415 11,584 6622,,443333 7,051 11,642 17,808 7,982 28,099 6,316 " 33,,227744 1100,,001199 1133,,446633 28,744 CAPITAL ACCOUNTS Capital paid in 1,717 46 433 80 106 87 141 236 47 56 77 138 270 Surplus 1,626 45 397 80 104 80 134 228 46 54 74 129 255 Other capital accounts 419 20 144 11 20 34_ 14 50 11 6 18 31 60 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 212,177 11,695 63,407 7,222 11,872 18,009 8,271 28,613 6,420 3,390 10,188 13,761 29,329 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 198,822 12,301 56,266 7,947 11,547 17,784 7,584 26,307 6,484 2,994 11,230 12,536 25,902 Less-Held by F.R. Banks 28,727 2,129 4,549 2,452 1,159 2,181 2,766 1,849 1,383 543 3,487 1,712 4,517 F.R. notes, net 170,155 10,172 51,717 5,495 10,388 15,603 4,818 24,458 5,101 2,451 7,743 10,824 21,385 Collateral held against F.R. notes: Gold certificate account 11,090 Special Drawing Rights certif. acct. 4,618 Other eligible assets -0- U.S. govt, and agency securities 154,447 Total collateral 170,155 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