H.4.1 Factors Affecting Reserve Balances of Depository Institutions

: of GOVi FEDERAL RESERVE •'•'f^rm^ 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 18, 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 July 17, **ww--~~~~ July 18, July 17, 1985 1984 1985 Reserve Bank credit: 1* 2 193,539 + 957 + 15,594 194,850 U.S. government securities- Bought outright—system account 169,555 + 852 + 16,453 169,595 Held under repurchase agreements 1,303 + 401 + 351 — Federal agency obligations- Bought outright 8,303 — - 197 8,303 Held under repurchase agreements 243 20 + 201 — Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 1,171 225 - 4,720 4,128 Includes: seasonal borrowing of 151 1 - 135 162 extended credit of 523 + 80 - 4,550 1,074 Float 614 172 - 99 395 Other F.R. assets 12,349 + 120 + 3,604 12,429 Gold stock 11,090 - 9 11,090 Special Drawing Rights certificate account 4,618 — — 4,618 Treasury currency outstanding 16,791 + 10 + 663 16,800 Total factors supplying reserve funds 226,038 + 967 + 16,248 227,358 Currency in circulation* 188,057 636 + 11,229 187,626 Treasury cash holdings* 577 3 + 56 574 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,219 1,325 - 196 3,150 Foreign 203 44 - 45 189 Service-related balances and adjustments 3 1,641 + 78 + 302 1,361 Other 513 + 204 + 172 531 Other F.R. liabilities and capital 6,297 -1- 77 + _ 101 6,065 Total factors, other than reserve balances, absorbing reserve funds 200,506 1,650 + 11,618 199,496 Reserve balances with F.R. Banks 4 25,532 + 2.618 + 4,628 27,861 On July 17, 1985 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 124,254 million, an increase of $ 10 million for the week. 1 Net of $ 1,269 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 1,269 million was with foreign official and international accounts, includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 1,228 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 1,228 million was with foreign official and international accounts. Includes $ 382 million securities loaned—fully secured by U.S. government securities. 3 Consists of required clearing balances of $ 1,361 million and adjustments of $ 280 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, ** July 17, 1985 July 10, 1985 July 18, 1984 ASSETS Gold certificate account 11,090 — - 9 Special Drawing Rights certificate account 4,618 — — Coin 468 + 11 + 55 Loans 4,128 + 3,501 - 2,830 Acceptances- Held under repurchase agreements — — — Federal agency obligations- Bought outright 8,303 — - 197 Held under repurchase agreements1 — - 200 - 159 U.S. government securities: Bought outright—Bills 78,786 + 1,856 + 12,087 Notes 67,066 — + 3,196 Bonds 2233,,774433 — ++ 1,682 Total bought outright^ 116699,,559955 ++ 1,856 •• ++ 16,965 Held under repurchase agreements1 — 773355 3,007 Total U.S. government securities 169,595 ++ 11,,112211 ++ 13,958 Total loans and securities 182,026 + 4,422 + 10,772 Cash items in process of collection (1,022) 6,884 - 46 - 1,605 Bank premises 587 + 2 + 31 Other assets3 11,842 - 266 + 3,428 TOTAL ASSETS ((11,,002222)) 217,515 ++ 4,123 ++ 12,672 LIABILITIES Federal Reserve notes 171,869 - 1,149 + 10,553 Deposits: Depository institutions 29,222 + 6,012 + 3,622 U.S. Treasury—general account 3,150 - 1,583 - 698 Foreign—official accounts 189 - 24 - 6 Other 531 + 202 + 256 Total deposits 33,092 + 4,607 + 3,174 Deferred availability cash items (1,022) 6,489 + 608 - 994 Other liabilities and accrued dividends4 2,285 + 55 - 420 TOTAL LIABILITIES (1,022) 213,735 + 4,121 + 12,313 CAPITAL ACCOUNTS Capital paid in 1,732 + 8 + 185 Surplus 1,626 — + 161 Other capital accounts 422 - 6 + 13 * 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 $ 2,368 million was outstanding at the end of the latest statement week. 2 Net of $ 1,228 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 382 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. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, July 17, 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 ! 3,988 — 6,487 - 1,275 279 - 64 16 days to 90 days 140 — 41,109 + 155 559 - 122 91 days to 1 year i — 48,876 + 2,241 1,793 - 14 Over 1 year to 5 years — — 37,114 + 85 4,041 — Over 5 years to 10 years — — 15,196 85 1,232 — Over 10 years — — 20,813 — 399 — Total 4,128 169,595 + 1,121 8,303 - 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 17> 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 cert if cate 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 468 19 17 24 31 80 55 25 28 22 50 26 91 Loans 4,128 344 1,650 93 10 585 120 613 90 55 258 113 197 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 78,786 4,602 26,279 2,759 4,605 6,949 2,414 8,680 2,288 1,038 3,514 5,092 10,566 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 2 169,595 9,907 56,569 5,939 9,914 14,958 5,195 18,684 4,924 2,235 7,564 10,962 22,744 Held under repurchase agreements 1 Total U.S. government securities 169,595 9,907 56,569 5,939 9,914 14,958 5,195 18,684 4,924 2,235 7,564 10,962 22,744 Total loans and securities 182,026 10,736 60,989 6,323 10,409 16,275 5,569 20,212 5,255 2,399 8,192 11,612 24,055 Cash items in process of collection 7,906 496 938 308 284 393 796 736 523 450 1,344 346 1,292 Bank premises 587 94 27 49 28 102 45 22 17 25 41 19 118 Other assets 3 11,842 338 2,227 334 483 545 476 4,426 244 196 360 1,064 1,149 Interdistrict settlement account -0- - 408 - 2,856 - 488 - 30 - 860 + 1,505 + 1,376 + 55 + 213 - 327 + 368 + 1,452 TOTAL ASSETS 218,537 12,174 65,954 7,258 12,142 17,912 9,020 28,894 6,649 3,522 10,518 14,458 30,036 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 $ 2,368 million was outstanding at the end of the latest statement week. 2 Net of $ 1,228 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 382 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. 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 17. 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 171.869 10,315 51,959 5,616 10,373 15,501 5,314 24,667 5,129 2,396 7,893 10,940 21,766 Deposits: Depository institutions 29,222 1.178 7,746 1,050 1,032 1,611 2,654 2,746 864 537 1,049 2,580 6,175 U.S. Treasury-general account 3,150 3,150 Foreign—official accounts 189 4 75 7 10 7 13 21 4 5 7 12 24 Other 531 1 425 21 2 76 2 1 3 Total deposits 33,092 1,183 11,396 1,057 1,042 1,639 2,669 2,843 868 542 1,058 2,593 6,202 Deferred availability cash items 7,511 430 867 331 361 370 670 610 481 434 1,295 479 1,183 Other liabilities and accrued dividends * 2,285 132 755 81 134 197 74 260 64 34 105 148 301 TOTAL LIABILITIES 214,757 12,060 64,977 7,085 11,910 17,707 8,727 28,380 6,542 3,406 10,351 14,160 29,452 CAPITAL ACCOUNTS Capital paid in 1,732 48 434 80 107 89 142 237 49 56 77 139 274 Surplus 1,626 45 397 80 104 80 134 228 46 54 74 129 255 Other capital accounts 422 21 146 13 21 36 17 49 12 6 16 30 55 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 218,537 12,174 65,954 7,258 12,142 17,912 9,020 28,894 6,649 3,522 10,518 14,458 30,036 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 201,537 12,458 56,710 8,021 11,613 17,849 8,100 26,439 6,578 3,115 11,184 12,993 26,477 Less-Held by F.R. Banks 29,668 2,143 4,751 2,405 1,240 2,348 2,786 1,772 1,449 719 3,291 2,053 4,711 F.R. notes, net 171,869 1100,,331155 5511,,995599 55,,661166 1100,,337733 1155..550011 55,,331144 2244,,666677 55,,112299 22,,339966 77,,889933 1100,,994400 21,766 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 156,161 Total collateral 171,869 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