H.4.1 Factors Affecting Reserve Balances of Depository Institutions

••<$£&: FEDERAL RESERVE '•.$5TiS^- 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 26, 1985 Averages of daily figures (millions of dollars) RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt FF..RR.. BBaannkkss,, WWeeeekk eennddeedd Change from week ended WWeeddnneessddaayy RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss SSeepptteemmbbeerr 2255,, September 18, September 26, SSeepptteemmbbeerr 2255,, 11998855 1985 1984 11998855 Reserve Bank credit: 1» 2 196,322 + 3,358 +15,372 198,919 U.S. government securities- Bought outright—system account 171,243 + 654 +17,199 170,800 Held under repurchase agreements 1,903 + 1,903 159 3,846 Federal agency obligations- Bought outright 8,227 -*- 266 8,227 Held under repurchase agreements 371 + 371 + 140 625 Acceptances- Bought outright ,— — — — Held under repurchase agreements — — — —T- Loans to depository institutions 1,262 + 183 - 5,634 2,121 Includes: seasonal borrowing of 220 + 17 129 222 extended credit of 654 4 - 5,446 632 Float 464 + 72 + 577 225 Other F.R. assets 12,851 + 173 + 3,514 13,075 Gold stock 11,090 „_ 7 11,090 Special Drawing Rights certificate account 4,618 4,618 Treasury currency outstanding 16,917 + 14 + 685 16,929 Total factors supplying reserve funds 228,947 + 3,372 +16,050 231,556 Currency in circulation* 187,532 - 1,150 +12,186 187,306 Treasury cash holdings* 546 + 81 546 Deposits, other than reserve balances, with F.R. Banks: Treasury 6,601 + 3,247 - 1,809 8,009 Foreign 221 + 6 15 230 Service-related balances and adjustments 3 1,670 + 60 + 317 1,445 Other 446 140 + 14 401 Other F.R. liabilities and capital 6,239 - 30 - 81 6,073 Total factors, other than reserve balances, absorbing reserve funds 203,255 + 1,993 +10,693 204,010 Reserve balances with F.R. Banks 4 25,691 + 1,378 + 5,357 27,546 On September 25, 1985 » marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 128,042 million,a decrease of $1,088 million for the week. 1 Net of $ 3,187 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,187 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 4,055 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4,055 million was with foreign official and international accounts. Includes $ 191 million securities loaned—fully secured by U.S. government securities. 3 Consists of required clearing balances of $1,445 million and adjustments of $ 225 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 Wed nesday Wednesday September 25, 1985 September 18, 1985 September 25, 1984 ASSETS Gold certificate account 11,090 — - 7 Special Drawing Rights certificate account 4,618 — — Coin 510 + 11 + 33 Loans 2,121 + 931 - 2,665 Acceptances- Held under repurchase agreements — — — Federal agency obligations— Bought outright 8,227 — - 266 Held under repurchase agreements1 625 + 625 + 599 U.S. government securities: Bought outright—Bills 79,979 + 824 + 13,030 Notes 66,422 — + 1,928 Bonds 24,399 — + 2,362 Total bought outright2 170,800 + 824^ + 17,320 Held under repurchase agreements1 3,846 + 3,846 + 3,578 Total U.S. government securities 174,646 + 4,670 + 20,898 Total loans and securities 185,619 + 6,226 + 18,566 Cash items in process of collection (995) 6,051 - 1,396 _ 649 Bank premises 595 + 1 + 31 Other assets3 12,480 + 371 + 525 TOTAL ASSETS (995) 220,963 + 5,213 + 18,499 LIABILITIES Federal Reserve notes 171,433 _ 943 + 11,329 Deposits: Depository institutions 28,991 + 3,410 + 8,646 U.S. Treasury—general account 8,009 + 3,939 _ 805 Foreign—official accounts 230 _ 4 + 34 Other 401 _ 283 1 Total deposits 37,631 + 7,062 + 7,874 Deferred availability cash items (995) 5,826 901 770099 Other liabilities and accrued dividends4 2,244 15 333399 TOTAL LIABILITIES (995) 217,134 + 5,203 + 1188,,115555 CAPITAL ACCOUNTS Capital paid in 1,752 + 3 + 186 Surplus Other capital accounts 1,626 + 161 4J5J t 7 3 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 $ 4,055 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ is i 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 25, 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 obi igations LLooaannss AAcccceeppttaanncceess;; Holdings (Weekly changes Holdings |Weekly changes Within 15 days 2,063 — 12,241 + 3,564 786 + 581 16 days to 90 days 58 — 36,510 + 956 529 - 15 91 days to 1 year — — 54,423 + 150 1,762 + 40 Over 1 year to 5 years — — 35,143 — 4,109 + 18 Over 5 years to 10 years — — 14,866 — 1,267 + 1 Over 10 years — — 21,463 — 399 — Total 2,121 174,646 + 4,670 8,852 625 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 25, 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 510 24 18 26 34 86 63 29 27 22 50 40 91 Loans 2,121 13 407 20 297 556 26 166 63 47 354 52 120 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 1 625 — 625 — — — — — — — — — — U.S. government securities: Bought outright—Bills 79,979 4,672 26,677 2,800 4,676 7,054 2,450 8,812 2,322 1,054 3,567 5,170 10,725 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 J355 1,426 2,152 747 2,688 708 322 1,088 1,577 3,272 Total bought outright 2 170,800 9,978 56,970 5,981 9,985 15,064 5,231 18,818 4,959 2,251 7,618 11,040 22,905 Held under repurchase agreements 1 3,846 __ 3,846 — — — — — — — — — — Tota! U.S. government securities 174,646 97978 60,816 57981 9,985 15,064 5,231 18,818 4,959 2,251 7,618 11,040 22,905 Total foarss and securities 185,619 10,472 64,592 6,289 10,763 16,346 5,509 19,890 5,261 2,406 8,339 11,624 24,128 Cash items in process of collection 7,046 355 876 314 165 356 806 536 445 400 1,300 433 1,060 Bank premises 595 93 29 48 28 102 46 23 17 25 44 19 121 Other assets 3 i2,480 343 2,434 360 502 546 515 4,547 242 218 379 1,186 1,208 Interdistrict settlement account -0- - 54 -1,754 - 716 + 42 -1,041 + 2,342 24 - 125 + 138 - 708 + 259 +1,641 TOTAL ASSETS 221,958 12,132 70,807 7,029 12,471 17,772 9,855 27,098 6,394 3,426 f0,262 14,584 30,128 1 Does not inciude 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 iatest statement week. 2 Net of $ 4,055 miiiion matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 191 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 $ 6 7 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 25, 1985 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES 171.433 10,203 52,538 5,358 10,515 15,215 6,286 23,020 4,955 2,357 7,673 11,142 22,171 Federal Reserve notes Deposits: Depository institutions 28,991 1,339 7,323 1,127 1,325 1,776 2,463 2,705 832 498 1,146 2,469 5,988 U.S. Treasury—general account 8,009 8,009 Foreign—official accounts 230 4 117 7 10 7 12 21 4 5 7 12 24 Other 401 286 1 25 1 76 2 9 1 Total deposits 37,631 1,343 15,735 1,134 1,336 1,808 2,476 2,802 836 503 1,155 2,490 6,013 Deferred availability cash items 6,821 339 758 283 254 353 723 509 430 412 1,203 501 1,056 Other liabilities and accrued dividends • i 2,244 125 791 79 134 192 76 251 64 33 61 144 294 TOTAL LIABILITIES 218,129 12,010 69,822 6,854 12,239 17,568 9,561 26,582 6,285 3,305 10,092 14,277 29,534 CAPITAL ACCOUNTS Capital paid in 1,752 49 438 82 107 88 142 240 50 58 79 143 276 Surplus 1,626 45 397 80 104 80 134 228 46 54 74 129 255 Other capital accounts 451 28 150 13 21 36 18 48 13 9 17 35 63 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 221,958 12,132 70,807 7,029 12,471 17,772 9,855 27,098 6,394 3,426 10,262 14,584 30,128 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 205,595 12,866 57,744 8,296 12,048 17,675 9,549 26,133 6,576 3,101 10,990 13,243 27,374 Less-Held by F.R. Banks 34,162 2,663 5,206 2,938 1,533 2,460 3,263 3,113 1,621 744 3,317 2,101 5,203 F.R. notes, net 171,433 1100,,220033 5522,,553388 55,,335588 1100,,551155 1155,,221155 66,,228866 2233,,002200 44,,995555 22,,335577 77,,667733 1111,,114422 22,171 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 155,725 Total coiiaterai 171,433 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