H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE statistical release H.4.1 For release at 4:30 PM EST December 19, 1985 NOTICE Because of the Christmas and New Year Holidays on Wednesday, December 25, 1985 and January 1, 1986, the H.4.1 statistical release "Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks" will not be published on that day. It will be published instead on Friday, December 27, 1985 and Janaury 3, 1986 at 4:30 p.m. EST. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

FEDERAL RESERVE ^SfgtVX 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 December 19, 1985 Averages of daily figures (millions of dollars) RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt FF..RR.. BBaannkkss,, WWeeeekk eennddeedd Change from week ended WWeeddnneessddaayy RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss DDeecceemmbbeerr 1188,, December 11, December 19, DDeecceemmbbeerr 1188,, 11998855 1985 1984 11998855 Reserve Bank credit: '% 2 203,162 + 1,667 + 20,479 207.752 U.S. government securities- Bought outright—system account 177,874 + 1,300 + 19,355 177,276 Held under repurchase agreements 329 + 118 + 329 2,302 Federal agency obligations- Bought outright 8,227 162 8,227 Held under repurchase agreements 98 + 15 + 98 685 Acceptances— Bought outright Held under repurchase agreements Loans to depository Institutions 1,001 + 320 2,160 2,293 Includes: seasonal borrowing of 55 + 4 51 58 extended credit of 530 + 12 1,975 561 Float 1,163 400 168 1,942 Other F.R. assets 14,469 + 312 + 3,185 15,027 Gold stock 11,090 6 11,090 Special Drawing Rights certificate account 4,718 + 100 4,718 Treasury currency outstanding 17,049 + 14 + 660 17,061 Total factors supplying reserve funds 236,019 + 1,681 + 21,234 240,621 Currency in circulation* 194,760 + 165 + 13,348 195,140 Treasury cash holdings* 560 + 4 + 48 557 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,776 + 1,211 + 308 3,351 Foreign 254 + 9 + 3 303 Service-related balances and adjustments 3 2,284 + 474 + 800 1,498 Other 530 + 92 + 89 487 Other F.R. liabilities and capital 6,331 195 71 6,168 Total factors, other than reserve balances, absorbing reserve funds 208,494 + 1,759 + 14,524 207,504 Reserve balances with F.R. Banks 4 27,525 78 + 6,709 33,117 On December 18, 1985 > marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 125,935 million, an increase of $ 274 million for the week. 1 Net of $ 3.723 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,723 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 4.337 million matched saie-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4,337 million was with foreign official and international accounts. Includes $ 516 million securities loaned—fully secured by U.S. government securities. 3 Consists of required clearing balances of $ 1,498 million and adjustments of $ 786 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, December 18, 1985 December 11. 1985 December 19. 1984 ASSETS Gold certificate account 11,090 — - 6 Special Drawing Rights certificate account 4,718 — + 100 Coin 505 + 12 + 56 Loans 2,293 + 1,574 - 1,221 Acceptances- Held under repurchase agreements ~ — — Federal agency obligations- Sought outright 8,227 — - 162 Held under repurchase agreements 1 685 + 106 + 685 U.S. government securities: Bought outright—Bills 84,903 - 158 + 13,784 Notes 67,647 — + 2,480 Bonds 24,726 — + 1,775 Total bought outright* 177,276 - L58 + 18,039 Held under repurchase agreements 1 2,302 + 829 + 2,302 Total U-S. gevsmmsnt securities 179,578 + 671 + 20,341 Total loatie and eecurtties 190,783 + 2,351 + 19,643 Cash Items In process of collection (1,267) 8,865 + 420 + 664 Bank premises 604 + 2 + 39 Other assets 3 14,423 + 511 + 3,024 TOTAL ASSETS (1,267) 230,988 + 3,296 + 23,520 LIABILITIES Federal Reserve notes 179,141 + 331 + 12,560 Deposits: Depository institutions 34,615 + 552 + 11,351 U.S. Treasury—general account 3,351 + 1,722 - 295 Foreign—official accounts 303 + 43 + 31 Other 487 + 15 + 71 Total deposits 38,756 + 2,332 + 11,158 Deferred availability cash Items (1,267) 6,923 + 655 _ 211 Other liabilities and accrued dividends4 2,297 _ 34 _ 273 TOTAL LIABILITIES (1,267) 227,117 + 3,284 + 23,234 CAPITAL ACCOUNTS Capital paid in 1,779 + 3 + 154 Surplus 1,626 — + 161 Other capital accounts 466 + 9 - 29 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 olficiai and international accounts of which $ ~°~ million was outstanding at the end of the lateat statement week. Net of $ 4,337 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 5 6 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 $ 70 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 18, 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 Loans Acceptances Holdings |Weekly changes Holdings (Weekly changes Within 15 days 2,270 .. 10,386 + 834 827 + 248 16 days to 90 days 23 39,518 _ 162 692 143 91 days to 1 year __ __ 57,309 1,676 Over 1 year to 5 years 35,822 4 092 Over 5 years to 10 years 14,785 1,216 + 1 OOvveerr 1100 yyeeaarrss — ~~ 2211,,775588 11 440099 TToottaall 2,293 117799,,557788 ++ 667711 88,,991122 + T)6 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 18, 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. A,718 281 1,354 195 270 426 192 620 157 63 263 307 590 Coin 505 27 17 25 34 91 57 32 27 21 50 41 83 Loans 2,293 196 34 263 497 310 47 22 82 8 334 20 480 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 1 685 — 685 — — — — — — — — — — U.S. government securities: Bought outright—Bills 84,903 4,960 28,320 2,973 4,963 7,488 2,600 9,354 2,465 1,119 3,787 5,488 11,386 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 2 177,276 10,356 59,131 6,208 10,363 15,636 5,429 19,531 5,147 2,336 7,907 11,458 23,774 Held under repurchase agreements 1 2,302 — 2,302 — — — — — — — — — — Total U.S. government securities 179,578 10,356 61,433 6,208 10,363 15,636 5,429 19,531 5,147 2,336 7,907 11,458 23,774 Total loans and securities 190,783 11,033 64,896 6,759 11,341 16,672 5,728 20,459 5,468 2,452 8,608 12,010 25,357 Cash items in process of collection 10,132 534 1,206 533 469 598 969 1,095 678 382 1,514 608 1,546 Bank premises 604 94 30 48 28 101 48 22 17 25 45 19 127 Other assets 3 14,423 393 3,127 464 637 631 757 4,762 297 280 467 1,087 1,521 Interdistrict settlement account -0- + 408 -5,760 - 412 + 331 36 +3,062 + 250 + 749 + 354 - 489 - 256 +1,799 TOTAL ASSETS '232,255 13,428 68,147 8,095 13,745 19,452 11,226 28,691 7,750 3,733 11,075 14,529 32,384 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 $ ~°~ million was outstanding at the end of the latest statement week. 2 Net of $ 4,337 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 516 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 $ 70 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 CONDSTION OF EACH FEDERAL RESERVE BANK ON December 18. 1985 Minions OT uonais Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES S Federal Reserve notes 179,141 11.255 53,286 5,692 11.318 16,409 6,929 23,803 5,697 2,342 7,783 10,934 23,693 Deposits: Depository institutions 34.615 1,458 8,119 1.738 1.723 2.213 3,084 3.333 1,285 742 1,578 2,621 6,721 U.S. Treasury—general account 3,351 i 3,351 Foreign-official accounts 303 1 4 189 7 10 7 13 21 4 5 7 12 24 Other 48 7 1 390 1 1 8 79 1 2 1 3 Total deposits 38,756 1,463 12,049 1.746 1,734 2,228 3.097 3.433 1,290 747 1,587 2,634 6,748 Deferred availability cash items 8,190 462 1,064 400 330 414 808 664 582 489 1,430 501 1,046 Other liabilities and accrued dividends 1 2,297 128 765 81 131 192 89 269 64 35 101 144 298 TOTAL LIABILITIES 228,384 11 1133,,330088 6677,,116644 77,,991199 1133,,551133 1199,,224433 10.923 28,169 7,633 3,613 10,901 14,213 31,785 CAPITAL ACCOUNTS Capital paid in 1,779 5511 443399 8833 110077 9911 147 241 54 58 80 148 280 Surplus 1,626 4455 339977 8800 110044 8800 134 228 46 54 74 129 255 Other capital accounts 466 2244 114477 2211 3388 22 53 17 8 20 39 64 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 232,255 1133,,442288 6688,,114477 88,,009955 1133,,774455 1199,,445522 11,226 28,691 7,750 3,733 11,075 14,529 32,384 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 209,909 13,659 57,567 7,985 12,699 18,274 10,424 25,982 7,104 3,011 11,185 13,104 28,915 Less-Held by F.R, Banks 30,768 2,404 4,281 2,293 1,381 1,865 3,495 2,179 1,407 669 3,402 2,170 5,222 F.R. notes, net 179,141 1111,,225555 5533,,228866 55,,669922 1111,,331188 1166,,440099 66,,992299 2233,,880033 55,,669977 22,,334422 77,,778833 1100,,993344 23,693 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 163,333 Total collateral 179,141 1 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