H.4.1 Factors Affecting Reserve Balances of Depository Institutions

•qfcov; FEDERAL RESERVE .fOT^ 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 October 10, 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 OOccttoobbeerr 99,, oc tober 2, i Oct ober 10, October 9, 1985 1985 1984 1 1985 Reserve Bank credit: 1» 2 193,293 - 291 + 15,010 197,822 U.S. government securities- Bought outright—system account 169,759 - 60 + 18,793 171,801 Held under repurchase agreements — — — — Federal agency obligations- Bought outright 8,227 — - 265 8,227 Held under repurchase agreements — — — ~ Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 1,349 - 91 - 4,808 3,926 Includes: seasonal borrowing of 174 - 42 - 122 154 extended credit of 629 + 5 - 4,787 643 Float 817 - 455 + 267 360 Other F.R. assets 13,141 + 315 + 1,022 13,508 Gold stock 11,090 — - 7 11,090 Special Drawing Rights certificate account 4,632 + 14 + 14 4,718 Treasury currency outstanding 16,945 +_ 14 + 694 16,957 Total factors supplying reserve funds 225,960 - 263 + 15,711 230,587 Currency in circulation** 188,764 + 1,276 + 11,739 189,365 Treasury cash holdings** 541 _ 4 + 67 541 Deposits, other than reserve balances, with F.R. Banks: Treasury 2,909 _ 763 - 1,733 4,932 Foreign 227 _ 79 - 2 214 Service-related balances and adjustments 3 1,594 _ 24 + 166 1,449 Other 412 _ 35 | + 7 482 Other F.R. liabilities and capital 6,417 +_ 151 ! -I- 262 6,159 Total factors, other than reserve balances, i absorbing reserve funds 200,864 + 521 ] + 10,506 203,142 Reserve balances with F.R. Banks4 25,096 - 784 + 5,204 27,445 On October 9, 1985 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 125,778 million, a decrease of $ 143 million for the week. 1 Net of $ 5,102 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 4,503 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 3,060 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 3,060 million was with foreign official and international accounts. Includes $ 801 million securities loaned—fully secured by U.S. government securities. 3 Consists of required clearing balances of $ 1,449 million and adjustments of $ 145 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, Wedne sday, October 9, 1985 October 2, 1985 October 10, 1984 ASSETS Gold certificate account 11,090 — - 7 Special Drawing Rights certificate account 4,718 + 100 + 100 Coin 523 + 7 + 41 Loans 3,926 + 2,859 - 1,883 Acceptances- Held under repurchase agreements — — — Federal agency obligations- Bought outright 8,227 — 257 Held under repurchase agreements1 — — — U.S. government securities: Bought outright—Bills 81,330 + 1,970 + 20,129 Notes 66,072 — + 1,878 Bonds 24,399 — + 2,362 Total bought outright^ 171,801 + 1,970 + 24,369 Held under repurchase agreements1 — — — Total U.S. government securities 171,801 + 1,970 + 24,369 Total loans and securities 183,954 + 4,829 + 22,229 Cash items in process of collection (926) 6,205 _ 2,185 _ 7,211 Bank premises 595 + 1 + 31 Other assets 3 12,913 + 356 + 1,052 TOTAL ASSETS (926) 219,998 + 3,108 + 16,235 LIABILITIES Federal Reserve notes 173,472 + 1,187 + 11,003 Deposits- Depository institutions 28,894 + 1,186 + 6,573 U.S. Treasury—general account 4,932 + 1,931 + 1,788 Foreign—official accounts j 214 32 Other 482 + 11 + SI Total deposits I 34,522 + 3,140 + 8,382 Deferred availability cash items ] (926) 5,845 _ 1,216 _ 3,163 Other liabilities and accrued dividends4 2,337 + 192 _ 279 TOTAL LIABILITIES (926) 216,176 + 3,303 + 15,943 CAPITAL ACCOUNTS Capital paid in 1,757 + 2 + 153 Surplus 1,626 + 161 Other capital accounts 439 ^ 197 - 22 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 $ 1,738 million was outstanding at the end of the latest statement week. Net of $ 3,060 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 801 million securities loaned—fully secured by U.S. government securities. Includes assets denominated in foreign currencies, revalued monthly at market exchange ratea. Includes special investment account at Chicago of $ 71 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, October 9, 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 3,833 __ 5,987 - 988 105 + 90 16 days to 90 days 93 — 39,243 + 698 581 + 52 91 days to 1 year — — 55,387 +2,260 1,766 - 143 Over 1 year to 5 years — — 34,855 4,168 Over 5 years to 10 years — — 14,866 1,208 + 1 Over 10 years --^^ 2211,,446633 — 339999 — Total 33,,??2266 117711,,880011 +1,970 88,,222277 — 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 October 9, 1985 Millions of dollars Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San City 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. 4,718 281 1,354 195 270 426 192 620 157 63 263 307 590 Coin 523 27 19 26 36 88 63 29 27 21 51 42 94 Loans 3,926 2,396 14 5 444 390 122 44 34 377 24 76 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 81,330 4,751 27,128 2,847 4,755 7,173 2,491 8,960 2,361 1,072 3,628 5,257 10,907 Notes 66,072 3,860 22,038 2,314 3,862 5,828 2,024 7,279 1,918 870 2,947 4,271 8,861 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 2 171,801 10,037 57,304 6,016 10,043 15,153 5,262 18,927 4,987 2,264 7,663 11,105 23,040 Held under repurchase agreements 1 Total U.S. government securities 171,801 10,037 57,304 6,016 10,043 15,153 5,262 18,927 4,987 2,264 7,663 11,105 23,040 Total loans and securities 183,954 10,518 62,444 6,318 10,529 16,323 5,904 19,955 5,270 2,406 8,407 11,661 24,219 Cash items in process of collection 7,131 347 866 248 264 287 756 605 551 390 1,159 503 1,155 Bark premises 595 94 29 48 28 102 46 22 17 25 44 19 121 Other assets 3 12,913 378 2,410 391 597 588 570 4,563 257 234 404 1,226 1,295 Interdistrict settlement account -0- + 12 - 335 - 527 + 79 777 +2,038 - 450 16 + 305 - 824 + 467 + 28 TOTAL ASSETS 220,924 12,315 70,064 7,182 12,438 18,006 9,982 26,795 6,620 3,600 10,121 14,938 28,863 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 $1,738 million was outstanding at the end of the latest statement week. 2 Net of $3 1060 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 801 million securities loaned-fully secured by US. government securities. 3 ^ciuoss assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes special investment account at Chicago of $ 71 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 October 9 . 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 173.472 10.432 52,914 5,539 10,804 15,442 6,194 23.355 5,103 2,375 7.678 11,083 22,553 Deposits: Depository institutions 28.894 1,290 9,241 1,081 940 1,781 2,764 2,012 900 673 1.014 2,908 4,290 U.S. Treasury-general account 4,932 4,932 Foreign—official accounts 214 4 101 7 10 7 12 21 4 5 7 12 24 Other 482 1 371 1 21 1 80 1 2 2 2 Total deposits 34,522 1,295 14,645 1,088 951 1,809 2,777 2,113 904 679 1.023 2,922 4.316 Deferred availability cash items 6.771 344 761 299 308 353 639 525 433 391 1,145 477 1,096 Other liabilities and accrued dividends 1 2,337 132 764 81 143 198 78 284 67 35 103 148 304 TOTAL LIABILITIES 217.102 12,203 69,084 7,007 12,206 17,802 9,688 26,277 6,507 3,480 9,949 14,630 28.269 CAPITAL ACCOUNTS Capital paid in 1,757 50 438 82 107 88 143 240 52 58 79 144 276 Surplus 1-626 45 397 80 i r\i. UonU 134 228 46 54 74 129 255 Other capital accounts 439 17 145 13 21 36 17 50 15 8 19 35 63 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 220,924 12,315 70,064 7,182 12.438 18,006 9,982 26,795 6,620 3,600 10,121 14,938 28,863 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 206,229 13,027 58.006 8,339 12.220 17,585 9,342 26,398 6,605 3,082 10,922 13,152 27,551 Less-Held by F.R. Banks 32,757 2,595 5,092 2,800 1.416 2,143 3,148 3,043 1,502 707 3,244 2,069 4,998 F.R. notes, net 173,472 1100,,443322 5522,,991144 55,,553399 1100,,880044 1155,,444422 66,,119944 2233,,335555 55,,110033 22,,337755 77,,667788 1111,,008833 22,553 Collateral held against F.R. notes: Gold certificate account 11.090 Special Drawing Rights certif. acct. 4.718 Other eligible assets -0- U.S. govt, and agency securities 157,664 Total collateral 173,472 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