H.4.1 Factors Affecting Reserve Balances of Depository Institutions

* o* cov^ FEDERAL RESERVE Factors Affecting Reserve Balances of Depository Institutions and *4L KtW F* Condition Statement of F.R. Banks H.4.1 For release at 4:30 p.m. Eastern time October 24, 1985 fifT m*""] 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 rreellaattee££11ff||ff||ss44££ RR££SSEERR October 1S7^ October 24, October 23, 1985 1984 1Q85 Reserve Bank credit: 1* 2 OF WflLAUttJ 542 + 1 ,840 + 20,376 198,249 U.S. government securities- Bought outright—system account 171,140 + 473 + 22,974 172,215 Held under repurchase agreements — — — — Federal agency obligations- Bought outright 8,227 — - 252 8,227 Held under repurchase agreements — — — -- Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 1,301 + 366 - 4,344 2,355 Includes: seasonal borrowing of 175 + 13 - 142 177 extended credit of 667 + 37 - 4,288 664 Float 847 + 372 + 168 1,018 Other F.R, assets 14,027 + 629 + 1,829 14,434 Gold stock 11,090 — - 7 11,090 Special Drawing Rights certificate account 4,718 — + 100 4,718 Treasury currency outstanding 16,968 + 14 + 693 16,980 Total factors supplying reserve funds 228,318 + 1 ,854 + 21,162 231,037 Currency in circulation* 189,420 — 379 + 13,033 189,034 Treasury cash holdings* 544 + 3 + 69 544 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,650 + 705 + 514 2,590 Foreign 193 — 10 - 20 180 Service-related balances and adjustments 3 1,798 - 39 + 403 1,450 Other 441 — 104 + 154 372 Other F.R. liabilities and capital 6,233 + 7__ •f 5 6,063 Total factors, other than reserve balances, absorbing reserve funds 202,277 + 181 + 14,156 200,233 Reserve balances with F.R. Banks 4 26,041 + 1 ,675 + 7,006 30,804 On October 23, 1985 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 122,909 million, a decreaseof $2,195million for the week. 1 Net of $ 3,721 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,721 million was with foreign official and international accounts, includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 2,646 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 2,646 million was with foreign official and international accounts. Includes $ 259 million securities loaned—fully secured by U.S. government securities. 3 Consists of required clearing balances of $ 1,450 million and adjustments of $ 348 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 October 23. 1985 October 16, 1985 Qffnhpr ?L. IQftA ASSETS f Gold certificate account 11,090 — - 6 Special Drawing Rights certificate account 4,718 — + 100 Coin 526 + 2 + 36 Loans 2,355 + 1,468 - 2,809 Acceptances- Held under repurchase agreements — «,. —.— _ — Federal agency obligations- Bought outright 8,227 — - 252 Meld under repurchase agreements 1 — — — U.S. government securities: Bought outright—Bills 81,744 + 1,977 + 20,098 Notes 66,072 + 1,878 Bonds 2244,,339999 — ++ 2,362 Total bought outright? 117722,,221155 ++ 1,977 ++ 24,338 Held under repurchase agreements 1 Total U.S. government securities 172,215 + 1,977 + 24,338 Total loans and securities 182,797 + 3,445 + 21,277 Cash items in process of collection (1,015) 6,991 5,093 + 1,792 Bank premises 596 + 1 + 30 Other assets 3 13.83ft + 887 + 1,827 TOTAL ASSETS (1.015) 220,556 - 758 + 25,056 LIABILITIES Federal Reserve notes 173,124 - 1,134 + 12,323 Deposits: Depository institutions 32,254 + 5,480 + 12,833 U.S. Treasury—general account 2,590 _ 183 - 381 Foreign—official accounts 180 + 36 — 14 Other 372 - 302 + 97 Total deposits 35,396 + 5,031 + 12,535 Deferred availability cash items (1,015) 5,973 -, 4,611 + 172 Other liabilities and accrued dividends4 2,234 _ 47 258 TOTAL LIABILITIES (1,015) 216,727 - 761 + 24,772 CAPITAL ACCOUNTS Capital paid in 1,759 + 1 + 151 Surplus , 1,626 — + 161 Other capital accounts 444 + 2 - 28 * 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 $ l ,671 million was outstanding at the end of the latest statement week. 2 Net of $ 2,646 million matched sale-purchase transactions outstanding at the end of the latest statement week, includes $ 259 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 iccount at Chicago of $ 31 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. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, October 23, 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 JWeekly changes Within 15 days 2,317 — 8,340 + 1,763 99 - 7 16 days to 00 days 38 — 37,294 + 192 579 + 13 91 days to 1 year — — 55,397 + 22 1,803 - 63 Over 1 year to 5 years — — 34,865 — 4,169 + 91 Over 5 years to 10 years — — 14,856 __ 1,178 «. — 34 Over 10 years — --5555 2211,,446633 — 339999 — Total 2,355 117722,,221155 ++ 1,977 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 23, 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 526 28 19 25 35 89 62 31 27 21 51 43 95 Loans 2,355 31 617 25 178 405 38 40 52 31 384 92 462 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 81,744 4,775 27,266 2,862 4,779 7,210 2,504 9,006 2,374 1,077 3,646 5,283 10,962 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 2 172,215 10,061 57,442 6,031 10,067 15,190 5,275 18,973 5,000 2,269 7,681 11,131 23,095 Held under repurchase agreements 1 — — — — — — — — — — — — — Total U.S. government securities 172,215 10,061 57,442 6,031 10,067 15,190 5,275 18,973 5,000 2,269 7,681 11,131 23,095 Total loans and securities 182,797 10,573 60,803 6,344 10,726 16,321 5,565 19,919 5,291 2,408 8,432 11,755 24,660 Cash items in process of collection 8,006 445 973 389 334 392 840 649 519 399 1,260 553 1,253 Bank premises 596 94 29 48 28 101 46 22 17 25 44 19 123 Other assets 3 13,838 406 2,775 445 622 645 663 4,587 295 270 461 1,064 1,605 Interdistrict settlement account -0- + 39 - 2,092 - 521 + 359 - 1,100 +2,120 + 409 + 45 + 247 - 892 + 102 + 1,284 TOTAL ASSETS 221,571 12,524 67,138 7,408 13,009 17,843 9,901 27,688 6,708 3,589 10,236 14,556 30,971 1 Does not include U.S. government and federal agency securities resold under matched sale-purchase transactiohs to foreign official and international accounts, of which $1,671 million was outstanding at the end of the latest statement week. 2 Net of $ 2,646 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 259 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 $ 31 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 23, 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 173,124 10,605 53,008 5,445 10,708 15,442 6,028 23,253 5,184 2.395 7,569 10,991 22.496 Deposits: Depository institutions 32,254 1,320 8,699 1,337 1,626 1,635 2,818 3,069 848 633 1,192 2,613 6.464 U.S. Treasury-general account 2,590 2,590 Foreign-official accounts 180 4 66 7 10 7 13 21 4 5 7 12 24 Other 372 1 305 1 18 1 37 1 1 2 3 2 Total deposits 35,396 1,325 11,660 1,344 1,637 1,660 2,832 3,127 853 639 1,201 2,628 6.490 Deferred availability cash items 6,988 349 755 365 299 345 672 535 491 402 1,195 484 1.096 Other liabilities and accrued dividends1 2,234 127 735 80 134 191 75 255 66 33 100 143 295 TOTAL LIABILITIES 217,742 12,406 66.158 7,234 12,778 17,638 9,607 27,170 6.594 3.469 10,065 14,246 30.377 CAPITAL ACCOUNTS Capital paid in 1.759 50 438 82 107 88 143 240 52 58 79 145 277 Surplus 1,626 45 397 80 104 50 134 228 46 e/. "*4 129 255 Other capital accounts 444 23 145 12 20 37 17 50 16 8 18 36 62 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 221,571 12,524 67,138 7,408 13,009 17,843 9,901 27,688 6,708 3,589 10,236 14,556 30.971 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 206,568 13,283 58,166 8,256 12,207 17,682 9,288 26,323 6,751 3,098 10,885 13,021 27,608 Less-Held by F.R. Banks 33,444 2,678 5,158 2,811 1,499 2,240 3,260 3,070 1,567 703 3.316 2,030 5.112 F.R. notes, net 173.124 1100,,660055 5533,,000088 55,,444455 1100,,770088 1155,,444422 66,,002288 2233,,225533 55,,118844 22,,339955 77,,556699 1100,,999911 22.496 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 157,316 Total collateral 173,124 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitmenti Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis