H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE • f«XrI^V 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 November 29, 1985 Averages of daily figures (millions of dollars) RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt FF RR.. BBaannkkss,, Week ended Change from week ended Wednesday RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss November 27, November 20, 1 November 28, November 27, 1985 1985 1984 198 5 Reserve Bank credit: 1. 2 198,847 + 2,379 +18,204 192,701 U.S. government securities- Bought outright—system account 171,384 + 1,162 +15,741 167,889 Held under repurchase agreements __ - 1,020 72 — Federal agency obligations- Bought outright 8,227 — 162 8,227 Held under repurchase agreements — 329 11 Acceptances- Bought outright — Held under repurchase agreements _._ — — Loans to depository institutions 4,282 + 2,717 + 134 924 Includes: seasonal borrowing of 96 103 89 extended credit of 515 + 5 - 2,753 535 Float 1,258 236 + 102 1,848 Other F.R. assets 13,696 + 86 + 2,471 13,813 Gold stock 11,090 6 11,090 Special Drawing Rights certificate account 4,718 __ + 100 4,718 Treasury currency outstanding 17,015 + 14 + 670 17,027 Total factors supplying reserve funds 231,670 + 2,393 +18,968 225,536 Currency in circulation* 191,750 + 192 +11,891 193,141 Treasury cash holdings* 554 — + 59 554 Deposits, other than reserve balances, with F.R. Banks: Treasury 2,587 421 397 2,331 Foreign 246 + 15 + 23 250 Service-related balances and adjustments 3 1,735 + 17 + 215 1,490 Other 518 149 + 52 440 Other F.R. liabilities and capital 6,390 4- 123 + 154 6,004 Total factors, other than reserve balances, absorbing reserve funds 203,780 223 +11,997 204,210 Reserve balances with F.R. Banks4 27,890 + 2,616 + 6,971 21,326 On November 27, 1985 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $126,551 million, an increase of $1,934million for the week. 1 Net of $ 4,363 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 4,086 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 7,862 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $5,927 million was with foreign official and international accounts. Includes $ 366 million securities loaned—fully secured by U.S. government securities. 3 Consists of required clearing balances of $ 1,490 million and adjustments of $ 245 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 November 27, 1985 November 20, 1985 Novemb er 28, 1984 ASSETS Gold certificate account 11,090 - 6 Special Drawing Rights certificate account 4,718 + 100 Coin 508 - 20 + 53 Loans 924 - 3, 758 - 2,826 Acceptances- — — — Held under repurchase agreements Federal agency obligations- Bought outright 8,227 — 162 Held under repurchase agreements1 — — •— U.S. government securities: Bought outright—Bills 77,383 + 3,995 + 10,175 Notes 66,107 + 300 + 1,052 Bonds 2244,,339999 — ++ 1,448 Total bought outright2 116677,,888899 ++ 4,295 ++ 12,675 Held under repurchase agreements1 — — Total U.S. government securities 167,889 ++ 4,295 ++ 12,675 Total loans and securities 177,040 + 537 + 9,687 Cash items in process of collection (1,425) 8,702 + 578 + 152 Bank premises 600 + 1 + 33 Other assets3 13,213 + 32 + 2,605 TOTAL ASSETS (1,425) 215,871 + 1,128 + 12,624 LIABILITIES Federal Reserve notes 177,176 + 1,659 + 12,659 Deposits: Depository institutions 22,816 _ 373 + 422 U.S. Treasury—general account 2,331 321 1,100 Foreign—official accounts 250 + 14 + 37 Other 440 94 16 Total deposits 25,837 774 657 Deferred availability cash items (1,425) 6,854 + 257 + 675 Other liabilities and accrued dividends4 2,141 27 343 TOTAL LIABILITIES (1,425) 212,008 + 1,115 + 12,334 CAPITAL ACCOUNTS Capital paid in 1,773 + 1 + 155 Surplus 1,626 — + 161 Other capital accounts 464 + 12 - 26 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 $ _o- million was outstanding at the end of the latest statement week. Net of $ 7,862 million matched sale-purchase transactions outstanding at the end of the latest statement week, includes $ 366 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 $ 56 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, November 27, 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 884 — 8,332 + 2,126 273 + 98 16 days to 90 days 40 — 35,441 + 3,826 504 - 106 91 days to 1 year — — 53,674 - 1,957 1,820 - 28 Over 1 year to 5 years — — 34,755 + 300 4,070 + 54 Over 5 years to 10 years — — 14,256 — 1,161 18 Over 10 years --5555 2211,,443311 — 339999 Total 992244 116677,,888899 ++ 4,295 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 November • 27, 1985 Millions of dollars Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis K C an it s y a s Dallas Fra S n a c n is co 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 508 28 17 25 35 90 54 31 26 22 50 42 88 Loans 924 12 41 16 2 280 43 9 19 9 362 53 78 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 77,383 4,520 25,811 2,710 4,524 6,825 2,370 8,526 2,247 1,019 3,451 5,002 10,378 Notes 66,107 3,862 22,050 2,315 3,864 5,831 2,025 7,283 1,919 871 2,949 4,273 8,865 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 2 167,889 9,808 55,999 5,880 9,814 14,808 5,142 18,497 4,874 2,212 7,488 10,852 22,515 Held under repurchase agreements 1 — — — — — — — — — — — — — Total U.S. government securities 167,889 9,808 55,999 5,880 9,814 14,808 5,142 18,497 4,874 2,212 7,488 10,852 22,515 Total loans and securities 177,040 10,301 58,784 6,184 10,297 15,814 5,437 19,412 5,132 2,329 8,217 11,437 23,696 Cash items in process of collection 10,127 483 1,235 397 451 479 964 886 615 482 1,660 817 1,658 Bank premises 600 93 30 48 28 101 47 22 17 25 45 19 125 Other assets 3 13,213 368 2,510 433 617 582 669 4,615 275 270 432 1,032 •1,410 Interdistrict settlement account -0- + 544 - 4,383 - 456 -1- 330 340 + 2,469 + 209 + 386 + 33 - 890 478 + 2,576 TOTAL ASSETS 217,296 12,756 62,824 7,309 12,663 18,121 10,245 27,246 6,965 3,380 10,394 13,889 31,504 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 $ 7,862 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 366 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 $ 56 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 NOVEMBER 27, 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 177,176 11,142 52,606 5,757 11,185 16,118 6,990 23,559 5,704 2,352 7,838 10,666 23,259 Deposits: Depository institutions 22,816 961 4,867 879 729 1,218 2,033 2,174 563 418 787 2,153 6,034 U.S. Treasury-general account 2,331 2,331 Foreign—official accounts 250 4 137 7 10 7 12 21 4 5 7 12 24 Other 440 1 341 1 1 13 6 68 3 4 2 Total deposits 25,837 966 7,676 887 740 1,238 2,051 2,263 567 423 797 2,169 6,060 Deferred availability cash items 8,279 407 842 413 379 373 831 661 516 454 1,495 602 1,306 Other liabilities and accrued dividends 1 2,141 121 713 75 126 182 73 241 64 31 95 136 284 TOTAL LIABILITIES 213,433 12,636 61,837 7,132 12,430 17,911 9,945 26,724 6,851 3,260 10,225 13,573 30,909 CAPITAL ACCOUNTS Capital paid in 1,773 50 439 83 107 91 146 241 53 58 80 148 277 Surplus 1,626 45 397 80 104 80 134 228 46 54 74 129 255 Other capital accounts 464 25 151 14 22 39 20 53 15 8 15 39 63 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 217,296 i2,75b 62,824 7,309 12,663 18,121 10,245 27,246 6,965 3,380 10,394 13,889 31,504 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 208,797 13,688 57,531 8,170 12,562 17,915 10,315 26,068 7,081 3,037 11,243 12,848 28,339 Less-Held by F.R. Banks 31,621 2,546 4,925 2,413 1,377 1,797 3,325 2,509 1,377 685 3,405 2,182 5,080 F.R. notes, net 177,176 1111,,114422 5522,,660066 55,,775577 1111,,118855 1166,,111188 66,,999900 2233,,555599 55,,770044 22,,335522 77,,883388 1100,,666666 23,259 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 161,368 Total collateral 177,176 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