H.4.1 Factors Affecting Reserve Balances of Depository Institutions

*0 f GOVi FEDERAL RESERVE Factors Affecting Reserve Balances of Depository Institutiods.and Condition Statement of F.R. Banks H.4.1 For release at 4:30 p.m. Eastern time July 11, 1985 Averages of daily figures (millions of dollars) RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt FF..RR.. BBaannkkss,, WWeeeekk eennddeedd Change from week ended Wednesday^ RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss JJuullyy 1100,, ** July 3, 1 July 11, W° 11998855 1985 1984 Reserve Bank credit: 1> 2 192,582 + 1,241 +13,771 191,347 U.S. government securities- Bought outright—system account 168,703 + 882 +15,756 167,739 Held under repurchase agreements 902 + 360 705 735 Federal agency obligations- Bought outright 8,303 — 198 8,303 Held under repurchase agreements. 263 + 123 + 129 200 Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 1,396 202 - 3,428 627 Includes: seasonal borrowing of 152 5 129 141 extended credit of 443 304 - 3,712 423 Float 786 + 70 - 953 1,050 Other F.R. assets 12,229 + 8 + 3,170 12,693 Gold stock 11,090 — 10 11,090 Special Drawing Rights certificate account 4,618 — — 4,618 Treasury currency outstanding 16,799 + 14 + 679 16,811 Total factors supplying reserve funds 225,089 4- 1,255 +14,440 223,866 Currency in circulation** 188,710 + 2,120 +11,320 188,792 Treasury cash holdings** 580 8 + 58 580 Deposits, other than reserve balances, with F.R. Banks: Treasury 4,544 + 135 + 58 4,733 Foreign 247 32 + 41 213 Service-related balances and adjustments 3 1,560 110 + 183 1,358 Other 309 26 62 329 Other F.R. liabilities and capital 1 6,220 - 71 + 137 6,009 Total factors, other than reserve balances, absorbing reserve funds 202,172 + 2,011 +11,737 202,014 Reserve balances with F.R. Banks 4 22,917 - 756 + 2,702 21,852 On July 10, 1985 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $124,244 million, an increase of $ 796 million for the week. 1 Net of $ 2,119 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $2,119 million was with foreign official and international accounts, includes securities loaned—fully secured by U.S. government securities. ~ 2 Net of $ 3,084 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 3,084 million was with foreign official and international accounts, includes $ 165 million securities loaned—fully secured by U.S. government securities. 3 Consists of required clearing balances of $ 1,358 million and adjustments of $ 202 million to compensate for float. 4 Excludes required clearing balances and adjustments to compensate for float. •Estimated (Dallas 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, Wedn esday, July 10, 1985 Julv T, IQftS Julv 11, _1984 ASSETS Gold certificate account 11,090 — - 9 Special Drawing Rights certificate account 4,618 — ~ Coin 457 - 6 + 20 Loans 627 - 3,432 - 3,973 Acceptances- Held under repurchase agreements ~ — — Federal agency obligations- Bought outright 8,303 — - 197 Held under repurchase agreements1 200 + 200 - 75 U.S. government securities: Bought outright—Bills 76,930 + 643 + 10,431 Notes 67,066 — + 3,196 Bonds 2233,,774433 -- ++ 1,682 Total bought outright* 116677,,773399 ++ 643 ++ 15,309 Held under repurchase agreements1 735 + 735 - 2,348 Total U.S. government securities 168,474 + 1,378 + 12,961 Total loans and securities 177,604 _ 1,854 + 8,716 Cash items in process of collection (893) 6,971 - 1,009 - 995 Bank premises 585 + 30 Other assets3 12,108 + 477 + 3,837 TOTAL ASSETS (893) 213,433 - 2,392 + 11,599 LIABILITIES Federal Reserve notes 173,018 + 378 + 10,647 Deposits: Depository institutions 23,210 - 2,639 + 966 U.S. Treasury—general account 4,733 + 1,017 + 1,245 Foreign—official accounts 213 + 18 - 4 Other 329 + 25 - 52 Total deposits 28,485 - 1,579 + 2,155 Deferred availability cash items (893) 5,921 - 1,109 - 1,274 Other liabilities and accrued dividends4 2,231 ~ 22 - 336 TOTAL LIABILITIES (893) 209,655 - 2,332 + 11,192 CAPITAL ACCOUNTS Capital paid in 1,724 + 1 + 178 Surplus 1,626 — + 161 Other capital accounts 428 - 61 + 68 * 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 $ 3,084 million matched sale-purchase transactions outstanding at the end of the latest statement week, includes $ 165 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 $ 63 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 (Dallas District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, July 10, 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 ww..———— -- Holdings (Weekly changes Holdings jWeekly changes Within 15 days 539 7,762 + 762 343 + 304 16 days to 90 days 88 — 40,954 + 2,854 681 - 143 91 days to 1 year — — 46,635 - 2,238 1,807 + 21 Over 1 year to 5 years — — 37,029 4,041 + 18 Over 5 years to 10 years — — 15,281 1,232 Over 10 years ^^ 2200,,881133 — 339999 _„ Total 662277 116688,,447744 + 1,378 88,,550033 + 200 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 10 , 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 457 19 17 24 30 79 52 24 26 23 48 25 90 Loans 627 2 — 21 7 345 5 27 26 54 121 7 12 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 1 200 — 200 -- ~ — — — — — — ~ — U.S. government securities: Bought outright—Bills 76,930 4,494 25,660 2,694 4,497 6,785 2,356 8,476 2,234 1,013 3,432 4,972 10,317 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 2 167,739 9,799 55,950 5,874 9,806 14,794 5,137 18,480 4,870 2,210 7,482 10,842 22,495 Held under repurchase agreements ' 735 — 735 — — — — — — — — — — Total U.S. government securities 168,474 9,799 56,685 5,874 9,806 14,794 5,137 18,480 4,870 2,210 7,482 10,842 22,495 Total loans and securities 177,604 10,286 59,655 6,186 10,298 15,871 5,396 19,422 5,137 2,373 7,973 11,386 23,621 Cash items in process of collection 7,864 440 813 291 393 525 785 587 503 399 1,189 530 ' 1,409 Bank premises 585 94 27 49 28 102 45 22 17 25 41 19 116 Other assets 3 12,108 325 2,195 368 472 523 477 4,496 227 198 355 1,052 1,420 Interdistrict settlement account -0- - 172 - 3,884 - 451 - 397 - 261 + 1,643 + 2,337 + 36 + 273 - 449 + 153 + 1,172 TOTAL ASSETS 214,326 11,891 63,435 7,175 11,761 18,216 8,972 28,985 6,473 3,508 10,015 14,188 29,707 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 $ 31084 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 165 million securities' loaned-fully secured by U.S. government securities. 3 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Include sspecial investment account at Chicago of $ 63 million in Treasury Bills maturing within 90 days. * Estimated (Dallas 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 10, 1985 Millions of dollars Kahsas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas* Francisco LIABILITIES Federal Reserve notes 173,018 10,368 52,058 5,745 10,381 15,773 5,582 24,772 5,201 2,440 7,762 10,964 21,972 Deposits: Depository institutions 23,210 929 3,869 862 766 1,567 2,300 2,818 662 525 828 2,328 5,756 U.S. Treasury-general account 4,733 4,733 Foreign—official accounts 213 4 100 7 10 7 12 21 4 5 7 12 24 Other 329 1 2 23 1 25 3 69 1 3 1 2 Total deposits 28,485 934 8.925 870 776 1,599 2,315 2,908 666 531 838 2,341 5,782 Deferred availability cash items 6,814 354 726 309 244 450 704 542 435 389 1,144 440 1,077 Other liabilities and accrued dividends 1 2,231 126 747 80 129 191 78 249 62 32 103 144 290 TOTAL LIABILITIES 210,548 11,782 62,456 7.004 11,530 18,013 8,679 28,471 6,364 3,392 9,847 13.889 29,121 CAPITAL ACCOUNTS Capital paid in 1,724 46 434 80 106 88 142 237 49 56 77 139 270 Surplus 1,626 45 397 80 104 80 134 228 46 54 74 129 255 Other capital accounts 428 18 148 11 21 35 17 49 14 6 17 31 61 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 214,326 11,891 63,435 7.175 11,761 18,216 8,972 28,985 6,473 3,508 10,015 14,188 29,707 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 200,774 12,382 56,677 8,025 11,489 17,886 8,170 26,402 6,555 3,057 11,047 12,702 26,382 Less-Held by F.R. Banks 27,756 2,014 4,619 2,280 1,108 2,113 2,588 1,630 . 1,354 617 3,285 1,738 4.410 F.R. notes, net 173,018 1100,,336688 5522,,005588 55,,774455 1100,,338811 1155,,777733 55,,558822 2244,,777722 55,,220011 22,,444400 77,,776622 1100,,996644 21,972 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 157,310 Total collateral 173,018 1 includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. *Estimated (Dallas District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis