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 July 5, 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 JJuullyy 33,, ** June 26, J4?8*' JJuullyy 33,, ** 11998855 11998855 Reserve Bank credit: 1* 2 191,340 + 3,288 + 16,043 192,624 U.S. government securities- Bought outright—system account 167,821 + 1,112 + 14,818 167,096 Held under repurchase agreements 542 + 542 + 542 Federal agency obligations- Bought outright 8,303 198 8,303 Held under repurchase agreements 140 + 140 + 140 Acceptances- Bought outright Held under repurchase agreements Loans to depository institutions 1,598 + 863 - 3,247 4,059 Includes: seasonal borrowing of 157 + 8 134 148 extended credit of 747 + 254 - 2,930 408 Float 735 -1- 421 + 421 950 Other F.R. assets 12,201 + 210 + 3,567 12,216 Gold stock 11,090 10 11,090 Special Drawing Rights certificate account 4,618 4,618 Treasury currency outstanding 16,785 + 14 + 672 16,797 Total factors supplying reserve funds 223,833 + 3,302 + 16,704 225,129 Currency in circulation** 186,590 + 1,440 + 10,981 188,386 Treasury cash holdings'* 588 6 + 65 588 Deposits, other than reserve balances, with F.R. Banks: Treasury 4,409 '+ 655 + 498 3,716 Foreign 279 + 69 + 23 195 Service-related balances and adjustments 3 1,670 + 62 + 227 1,348 Other 335 65 81 304 Other F.R. liabilities and capital 6,291 16 + 271 6,091 Total factors, other than reserve balances, absorbing reserve funds 200,161 + 2,138 + 11,983 200,628 Reserve balances with F.R. Banks 4 23,672 + 1,164 + 4,720 24,501 On July 3, 1985 » marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $123,448 million, an increase of $ l,689million for the week. 1 Net of $ 3,002 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,002 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 3,727 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 3,727 million was with foreign official and international accounts. Includes $ 286 million securities loaned—fully secured by U.S. government securities. 3 Consists of required clearing balances of $ 1,348 million and adjustments of $ 322 million to compensate for float. 4 Excludes required clearing balances and adjustments to compensate for float. •Estimated (Boston 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 BANKS Millions of dollars Change since •• WWeeddnneessddaayy **** Wednesday Wednesday July 3, 1985 June 26. 1985 .Tulv 4. 1984 ASSETS Gold certificate account 11,090 — 10 Special Drawing Rights certificate account 4,618 — — Coin 463 - 18 + 42 Loans 4,059 + 3,283 - 1,163 Acceptances- Held under repurchase agreements _,_ — __ Federal agency obligations- Bought outright 8,303 — 198 Held under repurchase agreements 1 *"""« — — U.S. government securities: Bought outright—Bills 76,287 + 814 + 8,407 Notes 67,066 — + 3,196 Bonds 2233,,774433 — + 1,682 Total bought outright? 116677,,009966 + 814 +13,285 Held under repurchase agreements'* — — — Total U.S. government securities 167,096 + 814 +13,285 Total loans and securities 179,458 + 4,097 +11,924 Cash items in process of collection (1,011) 7,980 + 1,664 - -2,976 Bank premises 585 + 2 + 30 Other assets 3 11,631 - 61 + 3,512 TOTAL ASSETS ((11,,001111)) 215,825 + A, 684 +12,521 LIABILITIES Federal Reserve notes 172,640 + 2,927 +11,176 Deposits: Depository institutions 25,849 + 1,974 + 3,806 U.S. Treasury—general account 3,716 - 176 + 825 Foreign—official accounts 195 - 48 10 Other 304 - 45 60 Total deposits 30,064 + 1,705 + 4,561 Deferred availability cash items (1,011) 7,030 + 1,105 - 3,252 Other liabilities and accrued dividends4 2,253 _ 128 232 TOTAL LIABILITIES (1,011) 211,987 +~5 ,609 + 12,253 CAPITAL ACCOUNTS Capital paid in 1,723 + 2 + 179 Surplus 1,626 — + 161 Other capital accounts 489 + 73 71 * 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 $ -0- million was outstanding at the end of the latest statement week. 2 Net of $ 3,727 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 286 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 $ 72 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 (Boston District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, July 3, 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 3,960 — 7,000 - 230 39 -120 16 days to 90 days 99 — 38,100 + 978 824 +205 91 days to 1 year — — 48,873 + 79 1,786 - 85 Over 1 year to 5 years — — 37,029 13 4,023 Over 5 years to 10 years — — 15,281 1,232 Over 10 years ~ ^^55 2200,,881133 — 339999 — Total 4,059 116677,,009966 + 814 88,,330033 — 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 July 3, 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 11,090 658 3,277 483 635 969 413 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 463 20 19 24 31 79 51 25 26 23 49 25 91 Loans 4,059 42 1,655 61 312 479 35 185 27 59 119 7 1,078 Acceptances held under repurchase agreements — — — — — — — — — — — — — Federal agency obligations: - Bought outright 8,303 485 2,770 291 485 732 254 915 241 109 370 537 1,114 Held under repurchase agreements 1 -- — — -- — ~ — — — — — ~ -- U.S. government securities: Bought outright—Bills 76,287 4,457 25,445 2,671 4,459 6,729 2,337 8,405 2,215 1,005 3,403 4,930 10,231 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 2 167,096 9,762 55,735 5,851 9,768 14,738 5,118 18,409 4,851 2,202 7,453 10,800 22,409 Held under repurchase agreements 1 — — — — — — — — — — — — ~ Total U.S. government securities 167,096 9,762 55,735 5,851 9,768 14,738 5,118 18,409 4,851 2,202 7,453 10,800 22,409 Total loans and securities 179,458 10,289 60,160 6,203 10,565 15,949 5,407 19,509 5,119 2,370 7,942 11,344 24,601 Cash items in process of collection 8,991 413 1,081 441 348 439 827 885 514 414 1,490 758 1,381 Bank premises 585 94 27 49 28 102 45 22 17 25 41 19 116 Other assets 3 11,631 323 2,081 325 466 500 532 4,489 222 196 345 1,036 1,116 Interdistrict settlement account -0- + 57 -3,129 - 115 - 449 - 102 +1,597 +1,490 + 33 + 368 - 40 + 476 - 186 TOTAL ASSETS 216,836 12,095 64,851 7,635 11,926 18,344 9,033 28,517 6,458 3,613 10,685 14,681 28,998 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 $ 3, /27 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 286 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 $ 72 million in Treasury Bills maturing within 90 days. * Estimated (Boston 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 July 3, 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 172,640 10,311 52,119 5,765 10,269 15,836 5,574 24,546 5,191 2,452 7,742 10,926 21,909 Deposits: Depository institutions 25,849 1,164 6,171 1,242 978 1,701 2,253 2,446 594 550 1,197 2,701 4,852 U.S. Treasury—general account 3,716 3,716 Foreign—official accounts 195 4 82 7 10 7 12 21 4 5 7 12 24 Other 304 1 199 1 18 2 77 2 2 2 Total deposits 30,064 1,169 10,168 1,249 989 1,726 2,267 2,544 598 555 1,206 2,715 4,878 Deferred availability cash items 8,041 374 825 366 303 382 814 649 495 453 1,463 593 1,324 Other liabilities and accrued dividends 1 2,253 129 747 80 131 193 80 253 65 34 103 142 296 TOTAL LIABILITIES 212,998 11,983 63,859 7,460 11,692 18,137 8,735 27,992 6,349 3,494 10,514 14,376 28,407 CAPITAL ACCOUNTS Capital paid in 1,723 46 434 80 106 88 141 237 49 56 77 139 270 Surplus 1,626 45 397 80 104 80 134 228 46 54 74 129 255 Other capital accounts 489 21 161 15 24 39 23 60 14 9 20 37 66 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 216,836 12,095 64,851 7,635 11,926 18,344 9,033 28,517 6,458 3,613 10,685 14,681 28,998 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 200,480 12,349 56,667 8,065 11,436 17,974 8,153 26,119 6,579 3,062 11,074 12,704 26,298 Less-Held by F.R. Banks 27,840 2,038 4,548 2,300 1,167 2,138 2,579 1,573 1,388 610 3,332 1,778 4,389 FF..RR.. nnootteess,, nneett 172,640 1100,,331111 5522,,111199 55,,776655 1100,,226699 1155,,883366 55,,557744 2244,,554466 55,,119911 22,,445522 77,,774422 1100,,992266 21,909 CCoollllaatteerraall hheelldd aaggaaiinnsstt FF..RR.. nnootteess:: GGoolldd cceerrttiiffiiccaattee aaccccoouunntt 11,090 SSppeecciiaall DDrraawwiinngg RRiigghhttss cceerrttiiff.. aacccctt.. 4,618 OOtthheerr eelliiggiibbllee aasssseettss -0- UU..SS.. ggoovvtt,, aanndd aaggeennccyy sseeccuurriittiieess 156,932 TToottaall ccoollllaatteerraall 172,640 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. *Estimated (Boston District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis