H.4.1 Factors Affecting Reserve Balances of Depository Institutions

•oQt£Oyi FEDERAL RESERVE Factors Affecting Reserve Balances of Depository Institutions and .f«Bjg*; Condition Statement of F.R. Banks H.4.1 For release at 4:30 p.m. Eastern time December 12, 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 DDeecceemmbbeerr 1111,, December 4, December 12, December 11, 11998855 1985 Reserve Bank credit: 1* 2 201,499 + 2,172 + 17,818 205,146 U.S. government securities- Bought outright—system account 176,574 + 5,177 + 17,823 177,434 Held under repurchase agreements 211 2,030 + 211 1,473 Federal agency obligations- Bought outright 8,227 162 8,227 Held under repurchase agreements 83 501 + 83 579 Acceptances- Bought outright Held under repurchase agreements Loans to depository institutions 681 892 2,620 719 Includes: seasonal borrowing of 51 20 73 48 extended credit of 518 + 28 - 2,525 555 Float 1,566 + 322 267 2,200 Other F.R. assets 14,157 + 96 + 2,750 14,514 Gold stock 11,090 6 11,090 Special Drawing Rights certificate account 4,718 + 100 4,718 Treasury currency outstanding 17,043 + 14 + 668 17,055 Total factors supplying reserve funds 234,350 + 2,186 + 18,580 238,009 Currency in circulation** 194,607 + 862 + 13,798 194,839 Treasury cash holdings** 556 + 44 556 Deposits, other than reserve balances, with F.R. Banks: Treasury 2,565 + 307 766 1,629 Foreign 245 73 + 12 260 Service-related balances and adjustments 3 1,806 349 + 97 1,493 Other 438 116 + 4 472 Other F.R. liabilities and capital 6,526 + 42 + 120 6,190 Total factors, other than reserve balances, absorbing reserve funds 206,743 + 672 + 13,309 205,439 Reserve balances with F.R. Banks 4 27,607 + 1,514 + 5,269 32,570 On December 11, 1985 marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official f and international accounts were $125,661 million,* decrease f $1,513 million for the week. 0 1 Net of $ 3,343 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,343 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 4,009 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4,009 million was with foreign official and international accounts. Includes $ 454 million securities loaned—fully secured by U.S. government securities. 3 Consists of required clearing balances of $ 1,493 million and adjustments of $ 313 million to compensate for float. 4 Excludes required clearing balances and adjustments to compensate for float. •Estimated (San Francisco 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 BANKS Millions of dollars Change since Wednesday - Wednesday Wednesday December 11, 1985 December 4, 1985 December 12, 1984 ASSETS Gold certificate account 11,090 6 Special Drawing Rights certificate account 4,718 + 100 Coin 493 3 + 33 Loans 719 3,208 2,436 Acceptances- Held under repurchase agreements Federal agency obligations— 8,227 — - 162 Bought outright 579 - 930 + 579 Held under repurchase agreements1 U.S. government securities: 85,061 + 733 + 14,663 Bought outright—Bills 67,647 + 1,355 + 2,592 Notes 24,726 + 197 + 1,775 Bonds 177,434 + 2,285 + 19,030 Total bought outright? 1,473 - 5,555 + 1,473 Held under repurchase agreements'! 178,907 - 3,270 + 20,503 Total U.S. government securities 188,432 - 7,408 + 18,484 Total loans and securities (26,399) 8,469 + 1,190 + 402 Cash items in process of collection 602 + 1 + 34 Bank premises 13,912 + 11 + 3,072 Other assets 3 (26,399) 227,716 - 6,209 + 22,119 TOTAL ASSETS LIABILITIES Federal Reserve notes 178,833 317 12,881 Deposits: Depository institutions 34,063 5,054 + 10,082 U.S. Treasury—general account 1,629 664 - 998 Foreign—official accounts 260 60 + 4 Other (25,229) 472 23 ++ 49 Total deposits (25,229) 36 424 5,755 ++ 9,137 Deferred availability cash items ( 1,170) 6 269 499 + 114 Other liabilities and accrued dividends4 2 331 76 - 285 TOTAL LIABILITIES (26,399) 223,857 6,013 + 21,847 CAPITAL ACCOUNTS Capital paid in 1,776 1 + 154 Surplus 1,626 — + 161 Other capital accounts 457 197 - 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 $ 4,009 million matched sale-purchase transactions outstanding at the end of the latest statement week, includes $ 454 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 $ 73 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 (San Francisco District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, December 11, 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 683 — 9,552 « 4,110 579 1,094 16 days to 90 days 36 — 39,680 - 652 835 + 190 91 days to 1 year — — 57,309 + 83 1,676 103 Over 1 year to 5 years — — 35,822 + 867 4,092 + 12 Over 5 years to 10 years — — 14,785 + 345 1,215 + 55 Over 10 years — — 21,759 + 197 409 + 10 Total 719 — 178,907 - 3,270 8,806 930 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 11, 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 493 26 16 25 33 90 54 31 26 22 48 41 81 Loans 719 1 56 1 2 258 33 8 17 3 301 37 2 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 1 579 579 U.S. government securities: Bought outright-Bills 85,061 4,969 28,372 2,979 4,972 7,502 2,605 9,371 2,470 1,121 3,794 5,499 11,407 Notes 67,647 3,952 22,564 2,369 3,954 5,967 2,072 7,453 1,964 891 3,017 4,372 9,072 Bonds 24,726 1,444 8,247 866 1,446 2,181 757 2,724 718 326 1,103 1,598 3,316 Total bought outright 2 177,434 10,365 59,183 6,214 10,372 15,650 5,434 19,548 5,152 2,338 7,914 11,469 23,795 Held under repurchase agreements 1 1,473 1,473 Total U.S. government securities 178,907 10,365 60,656 6,214 10,372 15,650 5,434 19,548 5,152 2,338 7,914 11,469 23,795 Total loans and securities 188,432 10,847 64,035 6,503 10,855 16,634 5,719 20,462 5,408 2,449 8,582 12,038 24,900 Cash items in process of collection 34,868 1,318 15,372 924 758 827 1,452 2,670 813 603 2,379 1,364 6,388 Bank premises 602 93 30 48 28 101 48 22 17 25 45 19 126 Other assets 3 13,912 384 2,766 455 628 618 696 4,685 291 279 457 1,070 1,583 Interdistrict settlement account -0- - 408 -19,401 - 997 + 86 6 +2,231 -1,766 + 197 - 28 -1,905 -1,092 +23,089 TOTAL ASSETS 254,115 13,199 67,449 7,636 13,293 19,659 10,805 28,175 7,266 3,569 10,486 14,460 58,118 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 $ 4,009 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 454 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 $ 78 million in Treasury Bills maturing within 90 days. * Estimated (San Francisco 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 December 11, 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 ci n s co * LIABILITIES 178,833 11,197 53,004 5,690 11,288 16,402 6,966 23,722 5,701 2,348 7,825 10,912 23,778 Federal Reserve notes Deposits: 34,063 1,383 9,729 1,274 1,345 2,467 2,762 3,021 829 651 1,049 2,599 6,954 Depository institutions 1,629 1,629 U.S. Treasury—general account 260 4 147 7 10 7 12 21 12 24 Foreign-official accounts 25,701 1 341 1 1 22 1 96 1 25,232 Other Total deposits 61,623 1,388 11,846 1,282 1,356 2,496 2,775 3,138 834 657 1,059 2,612 32,210 Deferred availability cash items 7,439 366 822 406 284 354 683 536 549 411 1,321 474 1,233 Other liabilities and accrued dividends 1 2,331 129 795 83 134 197 78 260 66 34 106 146 303 TOTAL LIABILITIES 250,256 13,080 66,467 7,461 13,062 19,449 10,502 27,656 7,150 3,450 10,311 14,144 57,524 CAPITAL ACCOUNTS Capital paid in 1,776 51 439 83 107 91 147 241 54 58 80 148 277 Surplus 1,626 45 397 80 104 80 134 228 46 54 74 129 255 Other capital accounts 457 23 146 12 20 39 22 50 16 7 21 39 62 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 254,115 13,199 67,449 7,636 13,293 19,659 10,805 28,175 7,266 3,569 10,486 14,460 58,118 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 210,213 13,658 57,622 8,047 12,636 18,220 10,462 / , 140 13,108 29,015 Less-Held by F.R. Banks 31,380 2,461 4.618 2,357 1,348 1,818 3,496 2,317 1,447 675 3,410 2^196 5>237 F.R. notes, net 178,833 11,197 53,004 5,690 11,288 16,402 6,966 23,722 5,701 2,348 7,825 10,912 23,778 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 163,025 Total collateral 178,833 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. *Estimated (San Francisco District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis