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 October 17, 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 OOccttoo 11 bb 9988 ee 55 rr 1166,,** 0c nw 9, !° Ct ^ 17> !! OOccttoo 11 bb 99 ee 88 rr 55 lloo,, Reserve Bank credit: 1» 2 193,726 + 382 + 15,844 194,398 U.S. government securities- Bought outright—system account 170,667 + 908 + 21,834 170,238 Held under repurchase agreements — — — — Federal agency obligations- Bought outright 8,227 — - 255 8,227 Held under repurchase agreements — — — — Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 935 - 414 - 5,887 887 Includes: seasonal borrowing of 162 - 12 - 131 150 extended credit of 630 + 1 - 5,276 663 Float 499 - 356 - 952 1,500 Other F.R. assets 13,398 + 244 + 1,103 13,546 Gold stock 11,090 — - 7 11,090 Special Drawing Rights certificate account 4,718 + 86 + 100 4,718 Treasury currency outstanding 16,959 + 14 + 696 16,971 Total factors supplying reserve funds 226,493 + 482 + 16,633 | 227,177 Currency in circulation** 189,805 + 1 ,041 + 12,561 i 190,161 Treasury cash holdings** 541 — + 66 544 Deposits, other than reserve balances, with F.R. Banks: Treasury 2,945 + 36 - 757 2,773 Foreign 203 - 24 - 13 144 Service-related balances and adjustments 3 1,837 + 243 + 488 1,467 Other 545 + 133 + 190 674 Other F.R. liabilities and capital 6,226 - 191 - 81 6,107 Total factors, other than reserve balances, absorbing reserve funds 202,104 + 1 ,240 + 12,456 201,870 Reserve balances with F.R. Banks 4 24,390 - 757 + 4,176 25,307 On October 16, 1985 marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official f and international accounts were $ 125,104 million, decrease of $ 674 million for the week. a 1 Net of $ 4,194 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 4,194 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 4,623 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4,623 million was with foreign official and international accounts. Includes $ 359 million securities loaned—fully secured by U.S. government securities. 3 Consists of required clearing balances of $ 1,467 million and adjustments of $ 370 million to compensate for float. 4 Excludes required clearing balances and adjustments to compensate for float. •Estimated (Chicago 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 RANKS Millions of dollars Change since WWeeddnneessddaayy **** Wednesday Wednesday ** October 16, 1985 October 9, 1985 October 17, 1984 ASSETS Gold certificate account 11,090 — — 7 Special Drawing Rights certificate account 4,718 ~ + 100 Coin 524 + 1 + 39 Loans 887 - 3,039 - 5,538 Acceptances- Held under repurchase agreements — — — Federal agency obligations— Bought outright 8,227 — - 252 Held under repurchase agreements'! — — — U.S. government securities: Bought outright—Bills 79,767 - 1,563 + 15,579 Notes 66,072 — + 1,878 Bonds 2244,,339999 — ++ 2,362 Total bought outright2 117700,,223388 1,563 ++ 19,819 Held under repurchase agreements 1 — • — — Total U.S. government securities 170,238 1,563 ++ 19,819 Total loans and securities 179,352 - 4,602 + 14,029 Cash items in process of collection (1,624) 12,084 + 5,879 + 2,654 Bank premises 595 -.— + 30 Other assets 3 12,951 + 38 + 1,315 TOTAL ASSETS (1.624) 221,314 + 1,316 + 18,160 LIABILITIES Federal Reserve notes 174,258 + 786 .+ 12,508 Deposits: Depository institutions 26,774 - 2,120 + 4,095 U.S. Treasury—general account 2,773 - 2,159 - 1,415 Foreign—official accounts 144 - 70 - 115 Other 674 + 192 + 356 Total deposits "30,365 - 4,157 + 2,921 Deferred availability cash items (1,624) 10,584 + 4,739 + 2,734 Other liabilities and accrued dividends4 2,281 _ 56 _ 292 TOTAL LIABILITIES (1,624) 217,488 + 1,312 + 17,871 CAPITAL ACCOUNTS Capital paid in 1,758 + 1 + 151 Surplus 1,626 — + 161 Other capital accounts 442 + 3 - 23 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 $ _Q- million was outstanding at the end of the latest statement week. 2 Net of $ 4,623 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 359 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 $ 72 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 (Chicago District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, October 16, 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 820 — 6,577 + 590 106 + 1 16 days to 90 days 67 — 37,102 - 2,141 566 - 15 91 days to 1 year — — 55,375 12 1,866 + 100 Over 1 year to 5 years — — 34,865 + 10 4,078 - 90 Over 5 years to 10 years — — 14,856 10 1,212 + 4 Over 10 years --5555 2211,,446633 — ..339999 — Total 888877 117700,,223388 - 1,563 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 17, 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. 4,718 281 1,354 195 270 426 192 620 157 63 263 307 590 Coin 524 26 19 26 35 88 61 32 27 22 51 43 94 Loans 887 — 7 9 4 383 24 21 34 30 344 26 5 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 79,767 4,659 26,607 2,793 4,663 7,036 2,443 8,788 2,316 1,051 3,558 5,156 10,697 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 2 170,238 9,945 56,783 5,962 9,951 15,016 5,214 18,755 4,942^ 2,243 7,593 11,004 22,830 Held under repurchase agreements 1 — — — — — — — — — — — — Total U.S. government securities 170,238 9,945 56,783 5,962 9,951 15,016 5,214 18,755 4,942 2,243 7,593 11,004 22,830 Total loans and securities 179,352 10,426 59,534 6,259 10,436 16,125 5,490 19,682 5,215 2,381 8,304 11,562 23,938 Cash items in process of collection 13,708 643 1,425 623 693 743 1.775 1,376 843 757 2,075 832 1,923 Bank premises 595 94 29 48 28 102 46 22 17 25 44 19 121 Other assets 3 12,951 374 2,561 430 576 595 597 4,497 271 251 420 1,003 1,376 Interdistrict settlement account -0- + 36 -1,599 - 238 + 37 - 568 +1,415 + 390 + 7 + 295 - 956 - 36 +1,217 TOTAL ASSETS " 222,938 12,538 66,600 7,826 12,710 18,480 9,989 28,070 6,894 3,950 10,818 14,443 30,620 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 $ -o- million was outstanding at the end of the latest statement week. 2 Net of $ 4,623 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 359 million securities loaned-fully secured by U.S. government securities. 3 Includes assets denominated in foreign currencies, revalued monthly at market exchang erates. Includes special investment account at Chicago of $ 72 million in Treasury Bills maturing within 90 days. •Estimated (Chicago 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 October 16 , 1985 Millions of dollars * •1 Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 174,258 10,568 53,094 5,575 10,791 15,457 6,261 23,420 5,143 2,419 7,688 11,123 22,719 Deposits: Depository institutions 26,774 1,180 7,064 1,412 990 1,957 2,231 2,757 774 629 854 2,049 4,877 U.S. Treasury—general account 2,773 2,773 Foreign-official accounts 144 4 30 7 10 7 13 21 4 5 7 12 24 Other 674 1 560 1 19 2 83 1 2 3 2 Total deposits 30,365 1,185 10,427 1,419 1,001 1,983 2,246 2,861 778 635 863 2,064 4,903 Deferred ava lability cash items 12,208 538 1,344 576 545 640 1,113 1,010 794 743 1,998 799 2,108 Other liabilities and accrued dividends 1 2,281 129 753 81 141 196 74 262 67 34 101 145 298 TOTAL LIABILITIES 21,912 12,420 65,618 7,651 12,478 18,276 9,694 27,553 6,782 3,831 10,650 14,131 30,028 CAPITAL ACCOUNTS Capital paid in 1,758 /. io 82 107 88 143 240 52 58 79 145 276 Surplus 1,626 45 397 80 104 80 134 228 46 54 74 129 255 Other capital accounts 442 23 147 13 21 36 18 49 14 7 15 38 61 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 222,938 12,538 66,600 7,826 12,710 18,480 9,989 28,070 6.894 3,950 10,818 14,443 30,620 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 206,391 13,165 58,070 8,320 12,229 17,634 9,303 26,376 6,632 3,104 10,930 13,090 27,538 Less-Held by F.R. Banks 32,133 2,597 4,976 2,745 1,438 2,177 3,042 2,956 1,489 685 3,242 1,967 4,819 F. R. notes, net 174,258 1100,,556688 5533,,009944 55,,557755 1100,,779911 1155,,445577 66,,226611 2233,,442200 55,,114433 22,,441199 77,,668888 1111,,112233 22,719 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 158,450 Total collateral 174,258 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. ^Estimated (Chicago District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis