H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE ??3FB^-" 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 September 5, 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 SSeepptteemmbbeerr 44,, August 28, 1 September 5, September 4, 11998855 IQftS 1984 1985 Reserve Bank credit: r« 2 193,862 + 3,975 + 15,619 196,715 U.S. government securities- Bought outright—system account 170,124 + 1,970 + 21,309 170,497 Held under repurchase agreements 650 .+ 375 - 3,365 1,952 Federal agency obligations- Bought outright 8,227 — - 267 8,227 Held under repurchase agreements 354 + 303 + 43 1,195 Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 1,692 + 596 - 6,315 967 Includes: seasonal borrowing of 213 16 - 100 190 extended credit of 668 27 - 6,520 636 Float 545 + 397 + 163 1,322 Other F.R. assets 12,270 + 335 + 4,051 12,555 Gold stock 11,090 — - 8 11,090 Special Drawing Rights certificate account 4,618 — — 4,618 Treasury currency outstanding 16,875 + 14 + 678 16,887 Total factors supplying reserve funds 226,445 + 3,989 + 16,288 229,310 Currency in circulation** 188,755 + 1,510 + 11,723 189,500 Treasury cash holdings** 547 3 + 82 545 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,339 + 903 - 801 2-, 598 Foreign 1 223 + 25 - 29 185 Service-related balances and adjustments 3 1 1,649 5 + 257 1,435 Other 410 + 16 _ 25 428 Other F.R. liabilities and capital 6,237 + 87 + 123 6,081 Total factors, other than reserve balances, absorbing reserve funds 1 201,159 + 2,531 + 11,329 200,772 Reserve balances with F.R. Banks 4 25,286 + 1,457 + 4,959 28,538 On September 4, 1985 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 127,611 million, an increase of $3>552 million for the week. 1 Net of $ 3,646 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,646 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 3,532 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 3,532 million was with foreign official and international accounts. Includes $ 231 million securities loaned—fully secured by U.S. government securities. 3 Consists of required clearing balances of $ 1,435 million and adjustments of $ 214 million to compensate for float. 4 Excludes required clearing balances and adjustments to compensate for float. •Estimated (Cleveland 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 Wednesday Wednesday Wednesday September 4, 1985 August 28, 1985 SpntPmhpr 5. 1984 ASSETS Gold certificate account 11,090 Special Drawing Rights certificate account 4,618 Coin 469 18 + 25 Loans 967 131 - 6,533 Acceptances- Held under repurchase agreements Federal agency obligations- 8,227 — 267 Bought outright 1,195 + 841 + 1,195 Held under repurchase agreements'! U.S. government securities: 79,676 + 2,563 +14,489 Bought outright—Bills 66,422 — + 2,528 Notes 24,399 — + 2,362 Bonds 170,497 + 2,563 +19,379 Total bought outright2 1,952 + 24 + 1,952 Held under repurchase agreements1 172,449 + 2,587 +21,331 Total U.S. government securities 182,838 + 3,297 +15,726 Total loans and securities (1,479) 9,720 + 3,885 511 Cash items in process of collection 589 - 1 + 34 Bank premises 11,966 + 317 + 3,786 Other assets 3 (1,479) 221,290 + 7,480 +19,052 TOTAL ASSETS LIABILITIES Federal Reserve notes 173,627 + 1,830 +11,132 Deposits- Depository institutions 29,973 + 2,789 +10,938 U.S. Treasury—general account 2,598 + 37 - 1,935 Foreign—official accounts Other 185 3 69 428 + 5 7 Total deposits 33,184 + 2,828 + 8,927 Deferred availability cash items Other liabilities and accrued dividends4 (1,479) 8,398 + 2,735 - 1,238 TOTAL LIABILITIES 2,212 + 30 - 179 (1,479) 217,421 + 7,423 +18,642 CAPITAL ACCOUNTS Capital paid in 1,747 1 + 188 Surplus 1,626 — + 161 Other capital accounts 496 + 58 + 61 * 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 $ 3,532 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 231 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 $ 85 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. k* Estimated (Cleveland District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, September 4, 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 875 — 11,370 + 525 1,295 +729 16 days to 90 days 92 — 37,529 +2,849 585 +109 91 days to 1 year — — 52,078 - 695 1,837 + 24 Over 1 year to 5 years — — 35,143 92 4,059 - 11 Over 5 years to 10 years — — :14,866 — 1,247 - 10 Over 10 years 967 h 1 i f i 21,463 — 399 — Total 967 172,449 9,422 h 1 i f i 21,463 399 172,449 +2,587 9,422 +841 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 September 4, 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 469 18 14 25 34 81 59 26 26 22 48 33 83 Loans 967 13 12 7 424 9 27 67 47 316 35 10 Acceptances held under repurchase agreements Federal agency obligations: Bought outright 8,227 481 2,744 288 481 726 252 906 239 108 367 532 1,103 Held under repurchase agreements 1 1,195 1,195 U.S. government securities: Bought outright-Bills 79,676 4,655 26,576 2,790 4,658 7,028 2,441 8,778 2,313 1,049 3,553 5,150 10,685 Notes 66,422 3,880 22,155 2,326 3,883 5,858 2,034 7,318 1,929 875 2,963 4,293 8,908 Bonds 24,399 1,426 8,138 855 1,426 2,152 747 2,688 708 322 1,088 1,577 3,272 Total bought outright 2 170,497 9,961 56,869 5,971 9,967 15,038 5,222 18,784 4,950 2,246 7,604 11,020 22,865 Held under repurchase agreements 1 1,952 — 1,952 — — — — — — — — — — Total U.S. government securities 172,449 9,961 58,821 5,971 9,967 15,038 5,222 18,784 4,950 2,246 7,604 11,020 22,865 Total loans and securities 182,838 10,455 62,760 6,271 10,455 16,188 5,483 19,717 5,256 2,401 8,287 11,587 23,978 Cash items in process of collection 11,199 470 1,199 544 245 587 1,170 1,134 782 579 1,837 1,Q54 1,598 Bank premises 589 93 28 48 28 102 46 21 17 25 43 19 119 Other assets 3 11,966 311 2,168 348 518 497 577 4,473 232 209 351 1,111 1,171 Interdistrict settlement account -0- 28 - 3,916 332 + 79 - 245 + 2,044 + 843 + 21 + 177 - 434 + 122 + 1,669 TOTAL ASSETS 222,769 12,218 66,865 7,612 12,296 18,587 9,953 28,311 6,861 3,630 10,990 14,949 30,497 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 $ 3,532 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 231 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 $ 85 million in Treasury Bills maturing within 90 days. ^Estimated (Cleveland 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 September 4. 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 173,627 10,392 52,812 5,445 10,420 15,503 6,316 23,749 5,155 2,291 7,931 11,230 22,383 Deposits: Depository institutions 29,973 1,153 8,225 1,296 1,270 2,152 2,386 2,825 862 616 1,057 2,496 5,635 U.S. Treasury—general account 2,598 2,598 Foreign—official accounts 185 4 71 7 10 7 13 21 4 5 7 12 24 Other 428 285 1 25 93 1 2 19 2 Total deposits 33,184 1,157 11,179 1,303 1,281 2,184 2,399 2,939 867 621 1,066 2,527 5,661 Deferred availability cash items 9,877 427 1,110 610 235 506 868 857 667 563 1,724 743 1,567 Other liabilities and accrued dividends 1 2,212 124 770 77 130 187 71 241 62 33 96 137 284 TOTAL LIABILITIES 218,900 12,100 65,871 7,435 12,066 18,380 9,654 27,786 6,751 3,508 10,817 14,637 29,895 CAPITAL ACCOUNTS Capital paid in 1,747 49 438 81 107 88 142 238 50 58 78 143 275 Surplus 1,626 45 397 80 104 80 134 228 46 54 74 129 255 Other capital accounts 496 24 159 16 19 39 23 59 14 10 21 40 72 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 222,769 12,218 66,865 7,612 12,296 18,587 9,953 28,311 6,861 3,630 10,990 14,949 30,497 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 204,866 12,714 57,664 8,041 11,770 17,922 9,136 26,194 6,655 3,036 10,995 13*380 27,359 Less-Held by F.R. Banks 31,239 2,322 4,852 2,596 1,350 2,419 2,820 2,445 1,500 745 3,064 2,150 4,976 F.R. notes, net 173,627 1100,,339922 5522,,881122 55,,444455 1100,,442200 1155,,550033 66,,331166 2233,,774499 55,,115555 22,,229911 77,,993311 1111,,223300 22,383 Collateral held against F.R. notes: Gold certificate account 11,090 Special Drawing Rights certif. acct. 4,618 Other eligible assets U.S. govt, and agency securities 157,919 Total collateral 173,627 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. * Estimated (Cleveland District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis