H.4.1 Factors Affecting Reserve Balances of Depository Institutions

lotco^ 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 December 5, 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 December 4, November 27, December i>, December 4, 1985 1985 1984 1985 Reserve Bank credit: 1» 2 199,319 + 472 +18,397 210,853 U.S. government securities- Bought outright—system account 171,397 + 13 +14,847 175,149 Held under repurchase agreements 2,241 + 2,241 + 2,241 7,028 Federal agency obligations- Bought outright 8,227 — 162 8,227 Held under repurchase agreements 584 + 584 + 584 1,509 Acceptances- Bought outright — — — — Held under repurchase agreements — __ — — Loans to depository institutions 1,573 - 2,709 - 2,780 3,927 Includes: seasonal borrowing of 71 25 97 53 extended credit of 490 25 - 3,218 505 Float 1,214 44 + 701 511 Other F.R. assets 14,083 + 387 + 2,966 14,502 Gold stock 11,090 — 6 11,090 Special Drawing Rights certificate account 4,718 — + 100 4,718 Treasury currency outstanding 17,029 + 14 + 668 17,041 Total factors supplying reserve funds 232,156 + 486 +19,159 243,702 Currency in circulation* 193,745 + 1,995 +14,016 194,505 Treasury cash holdings* 556 + 2 + 53 556 Deposits, other than reserve balances, with F.R. Banks: Treasury 2,258 329 328 2,293 Foreign 318 + 72 + 11 320 Service-related balances and adjustments 3 2,155 + 426 + 579 1,483 Other 554 + 36 + 100 449 Other F.R. liabilities and capital 6,484 +_ 94 + 149 6,462 Total factors, other than reserve balances, absorbing reserve funds 206,071 + 2,297 +14,581 206,068 Reserve balances with F.R. Banks 4 26,085 - 1,811 + 4,579 37,634 ______________________ On December 4, 1985 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 127,174 million, an increase of $ 623 million for the week. 1 Net of $ 5,938 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 5,661 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 4,300 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4 300 million was with foreign official and international accounts. Includes $ 463 million secuiities loaned—fully secured by U.S. government securities. 3 Consists of required clearing balances of $ 1,483 million and adjustments of $ 672 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, December 4, 1985 November 27, 1985 December 5, 1984 ASSETS Gold certificate account 11,090 — - 6 Special Drawing Rights certificate account 4,718 — + 100 Coin 496 _ 12 + 16 Loans 3,927 4- 3,003 - 1,206 Acceptances- Held under repurchase agreements .,._ Federal agency obligations- Bought outright 8,227 — - 1(2 Held under repurchase agreements1 1,509 + 1,509 + 1,5(9 U.S. government securities: Bought outright—Bills 84,328 + 6,945 + 18.9S9 Notes 66,292 + 185 + 1,22 7 Bonds 24,529 + 130 + 1,5/8 Total bought outright^ 175,149 -f 7,260 + 21,814 Held under repurchase agreements1 7,028 + 7,028 + 7,028 Total U.S. government securities 182,177 + 14,288 + 28,8^2 Total loans and securities 195,840 + 18,800 + 28,96 3 Cash items in process of collection (1,245) 7,279 — 1,423 85 9 Bank premises 601 + 1 + 2 6 Other assets 3 13,901 4- 688 + 2,9! 6 TOTAL ASSETS (1,245) 233,925 + 18,054 + 31,216 LIABILITIES Federal Reserve notes 178,516 + 1,340 + 13,778 Deposits: Depository institutions 39,117 + 16,301 + 17.7C4 U.S. Treasury—general account 2,293 _, 38 _ 636 Foreign—official accounts 320 + 70 + 61 Other 449 + 9 + 22 Total deposits 42,179 + 16,342 + 17,151 Deferred availability cash items ((11,,224455)) 6,768 86 60 OOtthheerr lliiaabbiilliittiieess aanndd aaccccrruueedd ddiivviiddeennddss44 2,407 + 266 - 149 TTOOTTAALL LLIIAABBIILLIITTIIEESS (1,245) 229,870 + 17,862 + 30,720 CAPITAL ACCOUNTS Capital paid in 1,775 + 2 + 153 Surplus 1,626 — + 161 Other capital accounts 654 + 190 + 182 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 $ -0- million was outstanding at the end of the latest statement week, Net of $ 4,300million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 463 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 $ 58 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, December 4, 1985 Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maxim urn maturity of the agreements. U.S. government securities Federal agency obligation6 LLooaannss AAcccceeppttaanncceess Holdings {Weekly changes Holdings [Weekly changes Within 15 days 3,892 13,662 + 5,330 1,673 + 1,40') 16 days to 90 days 35 — 40,332 + 4,891 645 + 14L 91 days to 1 year — — 57,226 + 3,552 1,779 41 Over 1 year to 5 years 34,955 + 200 4,080 + 10 Over 5 years to 10 years 14,440 + 184 1,160 Over 10 years — --^^ 2211,,556622 ++ 113311 339999 — Total 3,927 118822,,117777 ++ 1144,,228888 99,,773366 + 1,509 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 December 4, 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 496 27 16 25 34 90 53 31 25 22 48 41 84 Loans 3,927 __ 1,638 1 291 340 310 314 17 3 278 51 684 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 1,509 ~ 1,509 — — — — — — — — — — U.S. government securities: Bought outright—Bills 84,328 4,927 28,128 2,953 4,930 7,437 2,583 9,290 2,448 1,111 3,761 5,451 11,309 Notes 66,292 3,872 22,111 2,322 3,875 5,847 2,030 7,304 1,925 874 2,957 4,285 8,890 Bonds 24,529 1,433 8,182 859 1,434 2,164 751 2,702 712 323 1,094 1,585 3,290 Total bought outright 2 175,149 10,232 58,421 6,134 10,239 15,448 5,364 19,296 5,085 2,308 7,812 11,321 23,489 Held under repurchase agreements 1 7,028 — 7,028 — — — — — — — — — — Total U.S. government securities 182,177 10,232 65,449 6,134 10,239 15,448 5,364 19,296 5,085 2,308 7,812 11,321 23,489 Total loans and securities 195,840 10,713 71,340 6,423 11,011 16,514 5,926 20,516 5,341 2,419 8,457 11,904 25,276 Cash items in process of collection 8,524 419 975 315 395 491 782 729 549 500 1,541 421 1,407 Bank premises 601 93 30 48 28 101 47 22 17 25 45 19 126 Other assets 3 13,901 370 2,874 451 610 586 816 4,621 290 276 441 1,090 1,476 interdistrict settlement account -0- + 606 -8,677 - 427 + 646 + 331 +3,001 - 410 + 627 + 232 - 587 - 239 +4,897 TOTAL ASSETS 235,170 13,167 71,189 7,513 13,629 19,508 11,230 27,580 7,363 3,693 10,825 14,256 35,217 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 $ 4,300 million was outstanding at the end of the latest statement week. 2 Net of $ 5,938 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 463 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 $ 58 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 DECEMBER 4, 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 178,516 11,246 52,966 5,712 11,313 16,197 7,010 23,699 5,791 2,328 7,793 10,721 23,740 Deposits: Depository institutions 39,117 1,268 12,599 1,225 1,628 2,498 3,047 2,364 857 687 1,218 2,497 9,229 U.S. Treasury—general account 2,293 2,293 Foreign—official accounts 320 4 207 7 10 7 12 21 4 5 7 12 24 Other 449 1 351 1 11 6 69 6 2 2 Total deposits 42,179 1,273 15,450 1,232 1,639 2,516 3,065 2,454 861 692 1,231 2,511 9,255 Deferred availability cash items 8,013 392 886 301 297 377 759 619 522 510 1,515 545 1,290 Other liabilities and accrued dividends 1 2,407 131 855 83 135 200 78 261 68 36 104 148 308 TOTAL LIABILITIES 231,115 13,042 70,157 7,328 13,384 19,290 10,912 27,033 7,242 3,566 10,643 13,925 34,593 CAPITAL ACCOUNTS Capital paid in 1,775 51 439 83 107 91 147 241 53 58 80 148 277 Surplus 1,626 45 397 80 104 80 134 228 46 54 74 129 255 Other capital accounts 654 29 196 22 34 47 37 78 22 15 28 54 92 TOTAL LIABILITIES AND CAPITAL A r*r*r\t IKITC oi* i7n 1* 167 71 IRQ 7;513 13.629 19.508 11s230 27,580 7.363 3,693 10,825 14,256 35,217 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 209,548 13,662 57,757 8,116 12,589 18,022 10,411 26,063 7,093 3,032 11,242 12,987 28,574 Less-Held by F.R. Banks 31,032 2,416 4,791 2,404 1,276 1,825 3,401 2,364 1,302 704 3,449 2,266 4,834 F.R. notes, net 178,516 1111,,224466 5522,,996666 55,,771122 1111,,331133 1166,,119977 77,,001100 2233,,669999 55,,779911 22,,332288 77,,779933 1100,,772211 23,740 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 162,708 Total collateral 178,516 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