H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE '"f^mF'' 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 August 1, 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 3311,, 11998855 July 24, 1985 August 1, July 31, ^ 1984 1985 Reserve Bank credit: 1. 2 189,249 1,233 + 13,883 190,931 U.S. government securities- Bought outright—system account 166,630 1,717 + 16,658 167,095 Held under repurchase agreements Federal agency obligations- Bought outright 8,296 7 202 8,257 Held under repurchase agreements Acceptances- Bought outright Held under repurchase agreements Loans to depository institutions 950 + 66 6,510 1,567 Includes: seasonal borrowing of 190 + 11 157 184 extended credit of 546 + 80 5,680 656 Float 728 + 193 + 358 1,049 Other F.R. assets 12,644 + 231 + 3,578 12,963 Gold stock 11,090 9 11,090 Special Drawing Rights certificate account 4,618 4,618 Treasury currency outstanding 16,811 + 10 + 665 16,820 Total factors supplying reserve funds 221,768 1,223 + 14,539 223,459 Currency in circulation** 186,561 476 + 11,206 187,047 Treasury cash holdings** 574 + 77 574 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,725 + 143 454 2,656 Foreign 204 36 11 274 Service-related balances and adjustments 3 1,723 122 + 221 1,395 Other 298 55 16 323 Other F.R. liabilities and capital 6,211 3 + 114 6,325 Total factors, other than reserve balances, absorbing reserve funds 199,295 550 + 11,136 198,594 Reserve balances with F.R. Banks 4 22,472 673 + 3,401 24,864 On July 31, 1985 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 125,643 million, a decrease of $ 6 million for the week. 1 Net of $ 3,993 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,703 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 3,528 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 3,528 million was with foreign official and international accounts. Includes $448 million securities loaned—fully secured by U.S. government securities. 3 Consists of required clearing balances of $1,395 million and adjustments of $ 328 million to compensate for float. 4 Excludes required clearing balances and adjustments to compensate for float. * Estimated (Minneapolis 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 31. 1985 ** July 24. 1985 1- Align fit 1. 19fi4 ASSETS Gold certificate account 11,090 — - 9 Special Drawing Rights certificate account * 4,618 — — Coin 473 - 10 + 28 Loans 1,567 + 652 - 7,208 Acceptances— Held under repurchase agreements — — — Federal agency obligations- Bought outright 8,257 46 - 237 Heki under repurchase agreements1 — — — U.S. government securities: Bought outright—Bills 76,286 + 701 + 10,865 Notes 67,066 — + 3,196 Bonds 2233,,774433 — ++ 1,682 Total bought outright^ 116677,,009955 ++ 701 ++ 15,743 Held under repurchase agreements1 — — — Total U.S. government securities 167,095 ++ 701 ++ 15,743 Total loans and securities 176,919 + 1,307 + 8,298 Cash items in process of collection (8,705) 7,376 + 711 - 1,120 Bank premises 588 + 33 Other assets 3 12,375 + 433 + 3,936 TOTAL ASSETS (8,705) 213,439 + 2,441 + 11,166 LIABILITIES Federal Reserve notes 171,275 + 340 + 10,724 Deposits: Depository institutions 26,259 + 1,267 + 2,619 U.S. Treasury—general account 2,656 - 226 - 930 Foreign—official accounts 274 + 57 + 18 Other (7,651) 323 + 29 - 210 Total deposits (7,651) 29,512 + 1,127 + 1,497 Deferred availability cash items (1,054) 6,327 + 680 _ 1,565 Other liabilities and accrued dividends4 2,212 _ 33 _ 318 TOTAL LIABILITIES (8,705) 209,326 + 2,114 + 10,338 CAPITAL ACCOUNTS Capital paid in 1,741 + 9 + 196 Surplus 1,626 + 161 Other capital accounts 746 + 318 + 471 * 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 $ 3,528 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 448 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 $ 33 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 (Minneapolis District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, July 31, 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 1,494 — 9,291 + 4,095 120 - 92 16 days to 90 days ! 73 — 35,609 - 3,968 635 - 15 91 days to 1 year 1 — 49,831 + 1,333 1,783 + 2 Over 1 year to 5 years — — 36,355 759 4,080 + 41 Over 5 years to 10 years 1 — 15,196 — 1,240 + 18 Over 10 years — — 20,813 -- 399 — Total 1,567 167,095 701 8,257 46 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 31, 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 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 473 27 15 24 32 70 59 27 27 22 49 31 90 Loans 1,567 1 3 6 296 411 255 285 61 49 108 37 55 Acceptances held under repurchase agreements Federal agency obligations: Bought outright 8,257 482 2,754 289 483 728 253 910 240 109 368 534 1,107 Held under repurchase agreements 1 U.S. government securities: Bought outright-Bills 76,286 4,456 25,445 2,672 4,459 6,729 2.337 8,405 2,215 1,005 3,403 4,930 10,230 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 2 167,095 9,761 55,735 5,852 9.768 14,738 5.118 18,409 4,851 2,202 7,453 10,800 22,408 Held under repurchase agreements 1 Total U.S. government securities 167,095 9,761 55,735 5,852 9.768 14,738 5,118 18,409 4,851 2,202 7,453 10,800 22,408 Total loans and securities 176,919 10,244 58,492 6,147 10,547 15,877 5,626 19,604 5,152 2,360 7,929 11,371 23,570 Cash items in process of collection 16,081 696 5,362 577 444 585 966 2,029 652 432 1,640 861 1,837 Bank premises 588 94 27 49 28 102 46 22 17 25 41 19 118 Other assets 3 12,375 358 2,346 360 512 566 514 4,508 248 211 382 1,126 1,244 Interdistrict settlement account -0- - 558 - 6,149 - 709 + 93 - 1,186 + 1,042 - 237 - 104 + 7,936 - 574 + 741 - 295 TOTAL ASSETS 222,144 11,760 64,705 7,156 12,593 17,391 8,827 28,050 6,519 11,203 10,325 15,172 28,443 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 $ 3,528 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 448 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 $ 33 million in Treasury Bills maturing within 90 days. * Estimated (Minneapolis 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 31, 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 171,275 10,130 51,743 5,612 10,521 15,126 5,492 24,342 5,091 2,294 7,892 11,258 21,774 Deposits: Depository institutions 26,259 991 7,267 943 1,425 1,444 2,236 2,272 779 510 991 2,913 4,488 U.S. Treasury—general account 2,656 2,656 Foreign—official accounts 274 4 161 7 10 7 12 21 4 5 7 12 24 Other 7,974 1 241 1 1 20 2 47 1 7,651 3 2 4 Total deposits 37,163 996 10,325 951 1,436 1,471 2,250 2,340 784 8,166 1,001 2,927 4,516 Deferred availability cash items 7,381 384 853 329 260 384 694 562 463 582 1,155 491 1,224 Other liabilities and accrued dividends 1 2,212 126 728 76 125 190 72 245 66 33 98 165 288 TOTAL LIABILITIES 218.031 11,636 63,649 6,968 12,342 17,171 8,508 27,489 6,404 11,075 10,146 14,841 27,802 CAPITAL ACCOUNTS Capital paid in 1,741 48 437 81 107 87 142 238 49 57 77 143 275 Surplus 1,626 45 397 80 104 80 134 228 46 54 74 129 255 Other capital accounts 746 31 222 27 40 53 43 95 20 17 28 59 111 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 222,144 11,760 64,705 7,156 12,593 17,391 8,827 28,050 6,519 11,203 10,325 15,172 28,443 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 201,968 12,415 56.462 8,011 11,843 17,666 8,518 26,359 6,591 3,098 11,182 13,447 26,376 Less-Held by F.R. Banks 30,693 2,285 4,719 2,399 1,322 2,540 3,026 2,017 1,500 804 3,290 2,189 4,602 F.R. notes, net 171,275 1100,,113300 5511,,774433 55,,661122 1100,,552211 1155,,112266 55,,449922 2244,,334422 55,,009911 22,,229944 77,,889922 1111,,225588 21,774 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 155.567 Total collateral 171,275 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. * Estimated (Minneapolis District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis