H.4.1 Factors Affecting Reserve Balances of Depository Institutions

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 September 19, 1985 Averages of daily figures (millions of dollars) RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt FF..RR.. BBaannkkss,, WWeeeekk..eennddeedd i Change from week ended WWeeddnneessddaayy RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss SSeepptteemmbbeerr 1188,, September 11, Septem^r 19, SSeepptteemmbbeerr 1188,, 11998855 1985 11998855 Reserve Bank credit: 1» 2 192,964 615 + 14,042 192,816 U.S. government securities- Bought outright—system account 170,589 + 257 + 18,010 169,976 Held under repurchase agreements 633 1,071 Federal agency obligations- Bought outright 8,227 266 8,227 Held under repurchase agreements 137 186 Acceptances- Bought outright Held under repurchase agreements Loans to depository institutions 1,079 12 6,244 1,190 Includes: seasonal borrowing of 203 + 25 104 213 extended credit of 658 11 5,979 634 Float 392 392 387 720 Other F.R. assets 12,678 + . 303 + 4,187 12,703 Gold stock 11,090 8 11,090 Special Drawing Rights certificate account 4,618 4,618 Treasury currency outstanding 16,903 + 14 + 682 16,915 Total factors supplying reserve funds 225,575 601 + 14,716 225,439 Currency in circulation* 188,682 693 + 12,123 188,246 Treasury cash holdings* 546 + 1 + 81 546 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,354 436 2,248 4,070 Foreign • 215 37 234 Service-related balances and adjustments 3 1,611 + 28 + 265 1,442 Other 586 -f 160 + 6 684 Other F.R. liabilities and capital 6,269 80 6,078 Total factors, other than reserve balances, absorbing reserve funds 201,263 1,020 + 10,190 201,300 Reserve balances with F.R. Banks 4 24,312 + 418 + 4,526 24,139 On September 18, 1985 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 129,130 million, an increase of $ 922 million for the week. 1 Net of $ 3,619 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,619 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 4,370 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4,370 million was with foreign official and international accounts. Includes $ 179 million securities loaned—fully secured by U.S. government securities. 3 Consists of required clearing balances of $ 1,442 million and adjustments of $ 169 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 Sept ember 18, 1985 September 11, 1985 Septe mber 19, 1984 ASSETS Gold certificate account 11,090 — — 8 Special Drawing Rights certificate account 4,618 — — Coin 499 + 24 + 35 Loans 1,190 - 191 - 6,493 Acceptances- Held under repurchase agreements — ~ — Federal agency obligations— Bought outright 8,227 — - 266 Held under repurchase agreements1 — - 957 - 549 U.S. government securities: Bought outright—Bills 79,155 + 502 + 12,754 Notes 66,422 — + 2,528 Bonds 24,399 — + 2,362 Total bought outright2 169,976 + 502 + 17,644 Meld under repurchase agreements1 — -- 44,,443300 4,298 Total U.S. government securities 169,976 33,,992288 ++ 13,346 Total loans and securities 179,393 _ 5,076 + 6,038 Cash items in process of collection (1 ,117) 7,447 + 1,018 + 1,357 Bank premises 594 + 4 + 31 Other assets 3 12,109 31 + 3,892 TOTAL ASSETS ((11,,111177)) 215,750 4,061 ++ 11,345 LIABILITIES Federal Reserve notes 172,376 - 1,006 + 11,560 Deposits: Depository institutions 25,581 - 5,220 + 6,291 U.S. Treasury—general account 4,070 + 1,152 - 7,640 Foreign—official accounts 234 + 32 - 27 Other 684 + 247 + 194 Total deposits 30,569 - 3,789 - 1,182 Deferred availability cash items (1,117) 6,727 + 848 + 1,102 Other liabilities and accrued dividends4 2,259 - 122 - 494 TOTAL LIABILITIES (1,117) 211,931 - 4,069 + 10,986 CAPITAL ACCOUNTS Capital paid in ! 1,749 -f 1 + 186 Surplus 1,626 -.— + 161 Other capital accounts 444 + 7 + 12 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 $ 4,370 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $179 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 $ 67 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, September 18, 1985 Acceptances and securities held under repurchase agreements are classified as maturing within f5 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 1,168 ___ 8,677 _ 1,354 205 - 810 16 days to 90 days 22 — 35,554 - 2,674 544 147 91 days to 1 year I — — 54,273 + 100 1,722 — Over 1 year to 5 years 35,143 — 4,091 __ Over 5 years to 10 years ~ 14,866 — 1,266 — Over 10 years 2211,,446633 «_ 339999 _— Total 1,190 — 116699,,997766 3,928 88,,222277 - 957 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 18, 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 499 22 17 26 36 84 62 28 28 22 50 37 87 Loans 1,190 7 2 2 7 438 22 38 90 46 402 28 108 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 ~ ~ ~ — — — -- — -- — — — — U.S. government securities: Bought outright-Bills 79,155 4,624 26,402 2,772 4,627 6,982 2,425 8,720 2,298 1,043 3,530 5,117 10,615 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 2 169,976 9,930 56,695 5,953 9,936 14,992 5,206 18,726 4,935 2,240 7,581 10,987 22,795 Held under repurchase agreements 1 __ __ — _- «— — — — — — ~ — — Total U.S. government securities 169,976 " 9,930 56,695 5,953 9,936 14,992 5,206 18,726 4,935 2,240 ""7.581 10,987 22,795 Total loans and securities 179,393 10,418 59,441 6,243 10,424 16,156 5,480 19,670 5,264 2,394 8,350 11,547 24,006 Cash items in process of collection 3,564 443 1,008 448 368 392 912 677 515 420 1,264 719 1,398 Bank premises 594 94 28 48 28 102 46 23 17 25 43 19 121 Other assets 3 12,109 335 2,223 348 512 528 479 4,508 239 2H 365 1,183 1,179 Interdistrict settlement account -0- - 201 - 1,038 - 935 - 186 - 813 +1,735 + 342 - 213 + 22.4 - 593 ++ 5533 +1,625 TOTAL ASSETS 216,867 12,010 66,291 6,886 12,119 17,826 9,288 27,345 6,377 3,512 TO, 337 ""114477558811"" "30", 29 5 1 Does not include U.S. government and federal agency securities resold under matched sale-purchase transactions to foreigaofficial and international accounts, of which $ ~°~ million was outstanding at the end of the latest statement week. 2 Net of $ 4,370 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ *79 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 $ 67 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 September 18, 1985 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES 172.376 10,332 53,074 5,316 10,644 15,293 5,852 23,414 5,033 2,364 7,803 11,142 22,109 Federal Reserve notes Deposits: 25,581 1,037 5,790 906 770 1,714 2,372 2,503 630 550 932 2.316 6.061 Depository institutions 4.070 4,070 U.S. Treasury-general account 234 4 121 7 10 7 12 21 4 5 7 12 24 Foreign-official accounts 684 1 574 1 26 1 75 1 2 2 1 Other 30.569 1,042 10,555 913 781 1,747 2,385 2,599 634 556 994411 22..333300 6.086 Total deposits 7,844 390 930 402 318 389 681 563 537 440 11,,332233 665588 1.213 Deferred availability cash items Other liabilities and accrued 2,259 130 748 80 145 192 75 253 64 33 110000 114444 295 TOTAL LIABILITIES 213,048 11,894 65,307 6,711 11,888 17,621 8.993 26,829 6,268 3,393 1100,,116677 1144..227744 29,703 CAPITAL ACCOUNTS Capital paid in 1.749 49 438 82 107 88 143 238 50 58 7788 114433 275 Surplus 1,626 45 397 80 104 80 134 228 46 54 7744 112299 255 Other capital accounts 444 22 149 13 20 37 18 50 13 7 1188 3355 62 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 216,867 12,010 66.291 6,886 12,119 17,826 9.288 27,345 6,377 3,512 10,337 14,581 30,295 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 205,353 12,871 58.055 8,226 12,083 17,799 8,905 26,200 6,638 3,096 11,013 13 ,259 27,208 Less Held by F R Banks -< 32,977 J 2,539 4,981 2,910 1,439 2,506 3,053 2,786 1,605 732 3,210 2,117 5,099 F.R. notes, net 172,376 1100,,333322 5533..007744 55,,331166 1100,,664444 1155,,229933 55,,885522 22 33,,441144 55,,003333 22,,336644 77,,880033 rrrr..uuzz 22,109 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 156,668 Total collateral 172,376 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