H.4.1 Factors Affecting Reserve Balances of Depository Institutions

° o* °owi FEDERAL RESERVE Factors Affecting Reserve Balances of Depository Institutions and «AL RE Condition Statement of F.R. Banks H.4.1 For release at 4:30 p.m. Eastern time October 31, 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 3300,, oct m 23 > Octo^ 31, October 30, 11998855 1985 Reserve Bank credit: 1» 2 193,065 2,503 + 16,.906 186,296 U.S. government securities- Bought outright—system account 168,755 2,385 + 19,298.. 161,902 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 1,025 276 4,162 1,092 Includes: seasonal borrowing of 174 1 133 176 extended credit of 668 + 1 3,819 677 Float 549 320 8 355 Other F.R. assets 14,509 + 478 + 2,031 14,720 Gold stock 11,090 6 11,090 Special Drawing Rights certificate account 4,718 + 100 4,718 Treasury currency outstanding 16,982 + 14 + 696 16,994 Total factors supplying reserve funds 225,855 2,489 + 17,696 219,098 Currency in circulation* 188,540 880 + 12,683 188,909 Treasury cash holdings* 544 + 69 547 Deposits, other than reserve balances, with F.R. Banks: Treasury 2,664 986 1,139 1,186 Foreign 203 + 10 34 221 Service-related balances and adjustments 3 1,672 137 234 1,469 Other 375 66 + 89 377 Other F.R. liabilities and capital 6,170 63 2 5,964 Total factors, other than reserve balances, absorbing reserve funds 200,169 2,119 + 11,433 198,673 Reserve balances with F.R. Banks 4 25,686 370 + 6,264 20,425 On October 30, 1985 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 123,327 million, an increase of $ 418 million for the week. 1 Net of $ 5,874 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $3,991 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 12,694 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 5,525 million was with foreign official and international accounts. Includes $ 320 million securities loaned—fully secured by U.S. government securities. 3 Consists of required clearing balances of $ 1,469 million and adjustments of $ 203 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 Wednesday Wednesday Wednesday October 30, 1985 October 23, 1985 October 31, .984 ASSETS Gold certificate account 11,090 6 Special Drawing Rights certificate account 4,718 + 100 Coin 529 3 + 44 Loans 1,092 1,263 3,968 Acceptances- Held under repurchase agreements Federal agency obligations- 8,227 252 Bought outright Held under repurchase agreements1 U.S. government securities: 71,431 - 10,313 + 9,742 Bought outright—Bills 66,072 — + 1,578 Notes 2244,,339999 +++ 2,362 Bonds 116611,,990022 --- 10,313 +++ 13,682 Total bought outright^ Held under repurchase agreements1 161,902 10,313 +++ 13,682 Total U.S. government securities 171,221 - 11,576 + 9,462 Total loans and securities (1,061) 6,117 - 874 - 903 Cash items in process of collection 594 - 2 + 29 Bank premises 14,126 + 288 + 2,216 Other assets 3 (1,061) 208,395 - 12,161 + 10,942 TOTAL ASSETS LIABILITIES Federal Reserve notes 172,991 133 12,019 Deposits: Depository institutions 21,894 - 10,360 + 2,154 U.S. Treasury—general account 1,186 - 1,404 - 2,605 Foreign—official accounts 221 + 41 - 49 Other 377 + 5 + 56 Total deposits 23,678 - 11,718 - 444 Deferred availability cash items (1,061) 5,762 - 211 - 600 Other liabilities and accrued dividends4 2,131 - 103 - 302 TOTAL LIABILITIES (1,061) 204,562 - 12,165 + 10,673 CAPITAL ACCOUNTS Capital paid in 1,762 + 3 + 151 Surplus 1,626 — + 161 Other capital accounts 445 + 1 - 43 * 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 $. -o- million was outstanding at the end of the latest statement week. 2 Net of $ 12,694million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 320 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 $ 22 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 30, 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 1,046 , — 5,848 2,492 84 - 15 16 days to 90 days 46 — 30,880 6,414 668 + 89 91 days to 1 year — 53,990 1,407 1,757 - 46 Over 1 year to 5 years — — 34,865 — 4.141 - 28 Over 5 years to 10 years — — 14,856 — 1,178 — Over 10 years — 2211,,446633 — 339999 — __,, __,, Total 1,092 116611,,990022 - 10,313 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 30, 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 529 28 19 26 35 92 61 33 23 21 51 43 97 Loans 1,092 6 18 24 3 456 42 24 38 33 399 41 8 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 71,431 4,172 23,827 2,501 4,176 6,300 2,188 7,870 2,074 941 3,186 4,617 9,579 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 2 161,902 9,458 54,003 5,670 9,464 14,280 4,959 17,837 4,700 2 ,133 7,221 10,465 21,712 Held under repurchase agreements 1 — — — — — — — — — — — — — Total U.S. government securities 161,902 9,458 54,003 5,670 9,464 14,280 4,959 17,837 4,700 ~2 ,133 7,221 10,465 21,712 Total loans and securities 171,221 9,945 56,765 5,982 9,948 15,462 5,253 18,767 4,977 2 ,274 7,987 11,038 22,823 Cash items in process of collection 7,178 294 884 381 331 368 662 590 480 405 1,244 472 1,067 Bank premises 594 93 29 48 28 100 46 22 17 25 44 19 123 Other assets 3 14,126 421 2,859 464 685 673 686 4,625 309 279 478 1,091 1,556 Interdistrict settlement account -0- + 760 -3,752 - 467 + 97 - 129 +2,348 - 98 + 172 + 90 - 887 + 234 +1,632 TOTAL ASSETS 209,456 12,480 61,435 7,112 12,029 17,961 9,661 26,010 6,492 3 ,313 9,797 13,917 29,249 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 $ -0- million was outstanding at the end of the latest statement week. 2 Net of $ 12,694 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 320 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 $ 22 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 30, 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 172.991 10,788 52,502 5,539 10,568 15,669 6.534 22,836 5,341 2,325 7,459 10,841 22,589 Deposits: Depository institutions 21,894 1,107 4,854 994 831 1,538 2,116 1,799 535 420 839 2,151 4,710 U.S. Treasury-general account 1,186 1,186 Foreign—official accounts 221 4 107 7 10 7 13 21 4 5 7 12 24 Other 377 1 321 1 17 1 27 2 3 3 Total deposits 23,678 1,112 6,468 1,002 842 1,562 2,130 1,847 539 425 848 2,166 4,737 Deferred availability cash items 6,823 342 781 321 262 344 626 565 436 411 1,224 464 1,047 Other liabilities and accrued dividends1 2,131 121 704 77 124 182 73 242 63 33 95 136 281 TOTAL LIABILITIES 205,623 12,363 60,455 6,939 11,796 17,757 9,363 25,490 6,379 3,194 9,626 13,607 28,654 CAPITAL ACCOUNTS Capital paid in 1,762 50 438 82 10/ 88 146 240 52 58 79 i45 Surplus 1,626 45 397 80 104 80 134 228 46 54 74 129 255 Other capital accounts 445 22 145 11 22 36 18 52 15 7 18 36 63 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 209.456 12,480 61,435 7,112 12,029 17.961 9.661 26,010 6,492 3,313 9,797 13,917 29,249 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 206,879 13,490 57,779 8,277 12,077 17,829 9,883 25,945 6,899 3,080 10,772 13,019 27,829 Less-Held by F.R. Banks 33,888 2,702 5,277 2,738 1,509 2,160 3,349 3,109 1,558 755 3,313 2,178 5,240 F.R. notes, net 172,991 1100,,778888 5522,,550022 55,,553399 1100,,556688 1155..666699 66,,553344 2222,,883366 55,,334411 22..332255 77,,445599 1100,,884411 22,589 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 157,183 Total collateral 172,991 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