H.4.1 Factors Affecting Reserve Balances of Depository Institutions

*qfjGoiA 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 25, 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 2244,, July 17, July 25, July 24, 11QQ88SS 1985 1984* 1985 Reserve Bank credit: 1> 2 190,482 3,113 + 14,151 189,160 U.S. government securities- Bought outright—system account 168,347 1,208 + 16,875 166,394 Held under repurchase agreements 1,303 Federal agency obligations- Bought outright 8,303 197 8,303 Held under repurchase agreements 243 Acceptances— Bought outright Held under repurchase agreements Loans to depository institutions 884 287 - 5,965 915 Includes: seasonal borrowing of 179 + 28 155 184 extended credit of 466 57 - 5,504 497 Float 535 127 68 1,018 Other F.R. assets 12,413 + 56 + 3,506 12,530 Gold stock 11,090 9 11,090 Special Drawing Rights certificate account 4,618 4,618 Treasury currency outstanding 16,801 + 10 + 665 16,810 Total factors supplying reserve funds ?22,991 3,103 + 14,807 221,678 Currency in circulation* 187,037 1,020 + 11,145 186,687 Treasury cash holdings* 574 3 + 64 574 Deports, other than reserve balances, with F.R. Banks: Treasury 3,582 + 363 390 2,882 Foreign 240 + 37 + 13 217 Service related balances and adjustments 3 1,840 + 199 203 1,390 Other 3^3 160 + 77 294 Other F.R. liabilities and capital 6,21? 83 + 67 6,031 Total factors, other than reserve balances, absorbing reserve funds 199,840 666 + 10,773 198,075 Reserve balances with F.R. Banks 4 23,150 2,438 + 4,032 23,602 On July 24, 1985 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 125,649 million, an increase of $1,395 million for the week. 1 Net of $ 2,276 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $2,276 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $4,229 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4,229 million was with foreign official and international accounts. Includes $ 755 million securities loaned—fully secured by U.S. government securities. 3 Consists of required clearing balances of $ l ,390 million and adjustments of $ 450 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 1• EDERAL RESERVE BANKS Millions of dollars Change since ** WWeeddnneessddaayy Wedne sday, Wednesday, July 24, 1985 July 17, 1985 July _25. 1984 ASSETS Gold certificate account 11,090 — - 9 Special Drawing Rights certificate account 4,618 — — Coin 483 + 15 + 54 Loans 915 - 3,213 - 6,080 Acceptances- — — — Held under repurchase agreements Federal agency obligations— Bought outright 8,303 — - 196 Held under repurchase agreements1 — — — U.S. government securities: Bought outright—Bills 75,585 - 3,201 + 11,349 Notes 67,066 — + 3,196 Bonds 2233,,774433 — ++ 1,682 __ Total bought outright2 116666,,339944 3,201 ++ 16,227 Held under repurchase agreements1 — — — Total U.S. government securities 166,394 __ 3,201 ++ 16,227 Total loans and securities 175,612 - 6,414 + 9,951 Cash items in process of collection (862) 6,665 - 219 + 353 Bank premises 588 + 1 + 33 Other assets 3 11,942 + 100 + 3,449 TOTAL ASSETS ((886622)) 210,998 "" 6,517 --ii-- 13,831 LIABILITIES Federal Reserve notes 170,935 - 934 + 10,539 Deposits: Depository institutions 24*992 - 4,230 + 4,771 U.S. Treasury—general account 2,882 - 268 - 1,076 Foreign—official accounts 217 + 28 - 29 Other ( 2) 294 - 237 + 29 Total deposits ( 2) 28,385 - 4,707 + 3,695 Deferred availability cash items (860) 5,647 - 842 - 467 Other liabilities and accrued dividends4 2,245 - 40 - 308 TOTAL LIABILITIES (862) 207,212 - 6,523 + 13,459 CAPITAL ACCOUNTS Capital paid in 1,732 + 187 Surplus 1,626 + 161 Other capital accounts 428 + 6 + 24 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 $ 4,229 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 755 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 $ 53 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, July 24, 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 Loans Acceptances Holdings |Weekly changes Holdings [Weekly changes Within 15 days 890 5,196 1,291 212 - 67 16 days to 90 days 25 39,577 1,532 650 + 91 91 days to 1 year 48,498 378 1,781 - 12 Over 1 year to 5 years 37,114 4,039 - 2 Over 5 years to 10 years 15,196 1,222 - 10 Over 10 years 20,813 399 Total 915 166,394 - 3,201 8,303 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 24, 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 26'i 413 1,451 357 156 617 713 1,36.1 Special Drawing Rights certif. acct. 4,618 241 1,335 225 302 408 161 646 170 61 241 310 518 Coin 483 28 16 24 32 82 5? 24 28 22 49 28 93 Loans 915 1 71 25 9 331 ' 62 28 38 61 211 65 13 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 75,585 4,415 25,211 2S647 4S418 6,667 2,315 8,328 2,195 996 3,372 4,885 10,136 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 ____!27. _ 22,,661166 668899 331133 11,,005599 11,,553355 3,184 Total bought outright 2 166,394 9,720 55,501 5,827 9,727 14,676 5,096 1188,,333322 44,,883311 22 ,,119933 77,,442222 1100,,775555 22,314 Held under repurchase agreements 1 — — — — — — — — — — — — — Total U.S. government securities 166,394 9,720 557501 1^71 3,328 14,676 5,096 18,332 4,831 <c ,193 7,422 10,755 22,314 Total loans and securities 175,612 10,206 58,342 6,143 10,221 15,739 5,412 19,275 5,110 2 ,363 8,003 11,357 23,441 Cash items in process of collection 7,527 399 878 302 243 352 1,230 405 471 358 1,100 523 1,266 Bank premises 588 94 27 49 28 102 46 22 17 25 41 • 19 118 Other assets 3 11,942 347 2,257 349 488 542 485 4,431 250 201 367 1,064 1,161 Interdistrict settlement account -0- - 182 - 2,153 - 508 + 200 - 545 + lt249 + 1,104 - 50 + 285 - 264 + 185 + 679 TOTAL ASSETS 211,860 " 11,791 63,979 7,067 12,149 17,649 9,053 27,358 6,353 3 ,471 10,154 14,199 28,637 1 Does not include U.S. government and federal agency securities resold under matched sale-purchase transaction! to foreign official and international accounts, of which $ -0- million was outstanding at the end of the latest statement week. 2 Net of $ 4,229 million matched sale-purchase transactions outstanding at the end of the latest statement *-^k. Includes $ 755 million securities loaned-fully secured by U.S. government securities. 3 Includes assets denominated in foreign currencies, revalued monthly at market exchange rat"*;. Jncludas special investment account at Chicago of $ 53 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 24, 1985 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas 1 Francisco 1 LIABILITIES Federal Reserve notes 170,935 10,169 51,528 5,564 10,495 15,140 5,722 24,252 5,045 2,373 7,799 11,033 21,815 Deposits: Depository institutions 24,992 1,005 6,803 957 1,037 1,759 2,306 1,804 677 561 959 2,230 4,894 U.S. Treasury-general account 2,882 2,882 Foreign—official accounts 217 4 104 7 10 7 12 21 4 5 7 12 24 Other 296 3 195 21 2 70 2 1 1 Total deposits 28,387 1,012 9,984 965 1,047 1,787 2,320 1,895 681 566 968 2,243 4,919 Deferred availability cash items 6,507 367 744 287 245 324 646 443 452 382 1,120 480 1,017 Other liabilities and accrued dividends1 i 2,245 129 746 80 131 194 73 254 >'3 33 100 143 294 TOTAL LIABILITIES 208,074 11,677 63,002 6,896 11,918 17,445 8,76' 26,844 6,246 3,354 9,987 13,899 28,045 CAPITAL ACCOUNTS Capital paid in 1,732 48 434 80 106 88 142 237 49 56 77 140 275 Surplus 1,626 45 397 80 104 80 134 228 46 54 74 129 255 Other capital accounts 428 21 146 11 21 36 16 49 12 7 16 31 62 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 211,860 11,791 63,979 7,067 12,149 17,649 9,053 27,358 6,353 3,471 10,154 14,199 28,637 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 201,820 12,400 56,444 8, Oil 11,850 17,651 8,718 26, Hi 6,562 3,111 11,138 13,234 26,557 F Le .R ss . — n H ot e e l s d , b n y e t F.R. Banks 1 3 7 0 0 , , 8 9 8 3 5 5 11 2 00 , ,, 2 11 3 66 1 99 55 4 11 , ,, 9 55 1 22 6 88 55 2, ,, 4 55 4 66 7 44 1100 1, ,, 3 44 5 99 5 55 11 2 55 , ,, 5 11 1 44 1 00 55 2 ,, ,9 77 9 22 6 22 2244 1 ,, ,8 22 9 55 2 22 55 1 ,, ,5 00 1 44 7 55 22,,33 7 77 3 33 8 3 77,, , 77 3 99 39 99 11 2 11 , ,, 2 0033 0 33 1 2 4 1 , , 7 8 4 1 2 5 Collateral held against F.R. notes: Gold certificate account 11,090 Special Drawing Rights certif. acct. 4,618 Other eligible assets -0- U S. qovt. and agency securities 155,227 Total collateral 170,935 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