H.4.1 Factors Affecting Reserve Balances of Depository Institutions

*Of GOl^ FEDERAL RESERVE 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 27, 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 2244-- December 18, Dec ember26, December 24-25, 25, 1985 1985 1984 1985 Reserve Bank credit: 2 204,576 4- 1,455 + 20,572 204,384 U.S. government securities- Bought outright—system account 177,887 + 13 + 17,052 177,730 Held under repurchase agreements 1,024 4- 695 + 1,024 — Federal agency obligations- Bought outright 8,227 — - 162 8,227 HB\U under repurchase agreements 476 4- 378 + 476 — Acceptances- Bought outright — — — — Haiti under repurchase agreements — — — Loans to depository institutions 948 53 - 896 1,362 includes: seasonal borrowing of 56 4- 1 - 18 50 extended credit of 498 32 - 1,179 489 Float 1,347 4- 210 4- 120 2,219 Other F.R asset? 14,667 + 213 + 2,958 14,846 Goid stock 11,090 — - 6 11,090 special Drawing Rights certificate account 4,718 _„ 4- 100 4,718 Treasury currency outstanding 17,063 + 14 4- 660 17,075 Total factors supplying reserve funds 237,447 + 1,469 4- 21,326 237,267 Currency m circulation* 195,964 + 1,204 + 13,151 196,697 Treasury cash holdings* 557 3 4- 44 557 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,577 199 _ 92 3,286 Foreign 251 3 4- 37 209 Sacyjce-rolated balances zr\d adjustments 3 2,055 229 4- 277 1,492 Other "• ' "' 449 81 - 6 413 O'her F.R. liabilities a-id capita5 6,334 4- 3_ + 4 6,385 T«»tai f&^iors, oi'-ifcr than reserve balances, absorbing reserve fondr. 209,187 + 693 + 13,416 209,039 Ftaseive b&iancas with F.R. B^nks4 28,260 4- 776 4- 7,909 28,228 On December 24-25. I9F5. marketable U.S. government securities heid In custody by the Federal Reserve Banks for foreign official and international accounts were $ 125,161 million, an increase of $ 7 74 million for the week. 1 Hei cf $ 3,730 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,730 rriilJIcr! was> with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 3*899 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 3,899 million was with foreign official and international accounts, includes $ 624 million securities loaned —fully secured by U.S. government securities. 3 Consists of required clearing balances of $ 1,492 million and adjustments of $ 563 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 24-25, 1985 December 18, 1985 December 26, 198 4 ASSETS Gold certificate account 11,090 — - 6 Special Drawing Rights certificate account 4,718 — + 100 Coin 498 - 7 + 26 Loans 1,362 - 931 - 1,061 Acceptances- Held under repurchase agreements Federal agency obligations- Bought outright 8,227 — 162 Held under repurchase agreements 1 _ 685 U.S. government securities: Bought outright—Bills 85,357 + 454 + 11,946 Notes 67,647 .+ 2,480 BBoonnddss 24,726 — + 1,775 TToottaall bboouugghhtt oouuttrriigghhtt22 177,730 + 454 •+• 16,201 HHeelldd uunnddeerr rreeppuurrcchhaassee aaggrreeeemmeennttss''!! — - 2,302 TToottaall UU..SS.. ggoovveerrnnmmeenntt sseeccuurriittiieess 177,730 _ 1,848 + 16,201 Total loans and securities 187,319 _ 3,464 + 14,978 Cash items in process of collection (1,487) 10,796 + 1,931 + 4,494 Bank premises 604 4. 4411 Other assets 3 14,242 _ 181 + 22,,881133 TOTAL ASSETS (1,487) 229,267 - 1,721 + 22,446 \ LIABILITIES Federal Reserve notes 180,677 + 1,536 + 12,341 Deposits: Depository institutions 29,720 - 4,895 + 7,567 U.S. Treasury—general account 3,286 - 65 .. 301 Foreign—official accounts 209 - 94 + 27 Other 413 - 74 _ 153 Total deposits 33,628 _ 5,128 + 7,140 Deferred availability cash items (1,487) 8,577 + 1,654 + 2,713 Other liabilities and accrued dividends4 2,236 61 325 TOTAL LIABILITIES (1,487) 225,118 - 1,999 + 21,869 CAPITAL ACCOUNTS Capital paid in 1,779 — + 152 Surplus 1,626 — + 161 Other capital accounts 744 + 278 + 264 * 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 $ -0- million was outstanding at the end of the latest statement week. 2 Net of $ 3,899 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 624 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 accoun: at Chicago of $ 45 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, December 25, 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 changos Within 15 days 1,355 — 7,948 - 2,438 143 - 684 16 days to 90 days 7 — 42,115 + 2,597 754 + 62 91 days to 1 year — — 55,301 - 2,008 1,614 62 Over 1 year to 5 years — — 35,822 — 4,092 — Over 5 years to 10 years — — 14,785 — 1,215 1 Over 10 years — —— 2211,,775599 ++ 11 440099 — Total 1,362 117777,,773300 -- 11,,884488 88,,222277 685 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 24-25, 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 1,354 195 270 426 192 620 137 63 263 307 590 Coin 498 27 17 24 34 89 54 31 27 22 49 40 84 Loans 1,362 6 25 57 11 894 46 12 23 4 243 19 22 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 85,357 4,986 28,471 2,989 4,990 7,528 2,614 9,404 2,478 1 ,125 3,807 5,518 11,447 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 2 177,730 10,382 59,282 6,224 10,390 15,676 5,443 19,581 5,160 2 ,342 7,927 11,488 23,835 Held under repurchase agreements 1 — — — — — — — — — — — — — Total U.S. government securities 177,730 10,382 59,282 6,224 10,390 15,676 5,443 19,581 5,160 2 ,342 7,927 11,488 23,835 Total loans and securities 187,319 10,869 62,051 6,569 10,882 17,296 5,741 20,499 5,422 2 ,454 8,537 12,039 24,960 Cash items in process of collection 12,283 665 1,501 618 689 706 1,238 1,008 816 614 1,841 874 1,713 Bank premises 604 93 30 48 28 101 48 22 17 25 45 19 128 Other assets 3 14,242 402 2,833 476 658 658 716 4,693 304 366 480 1,104 1,552 Interdistrict settlement account -0- + 508 - 1,547 611 + 184 - 1,195 + 3,143 682 + 198 - 34 919 392 + 1,347 TOTAL ASSETS 230,754 13,503 69,516 7,802 13,380 19,050 11,545$" ''27,642 7,296 3 ,666 • ' 10,913 14,704 31,735 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 $ 3,730 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 624 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 $ 45 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 24-25, 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 LIABILITIES Federal Reserve notes 180.677 11,290 53,585 5,873 11,283 16,606 7,401 23,677 5,772 2,366 7,832 11,036 23,956 Deposits: Depository institutions 29,720 1,441 9,202 1,167 1,216 1,596 2,725 2,238 670 567 1,073 2,393 5,432 U.S. Treasury-general account 3,286 3,286 Foreign—official accounts 209 4 96 7 10 7 12 21 4 5 7 12 24 Other 413 1 310 1 16 1 73 1 4 1 5 Total deposits 33,628 1,44 6 12,894 1,174 1,227 1,619 2,738 2,332 675 572 1,084 2,406 5,461 Deferred availability cash items 10,064 506 1,227 489 488 399 1,020 823 662 572 1,711 783 1,384 Other liabilities and accrued dividends 1 2,236 126 732 81 133 193 74 255 64 33 101 146 298 TOTAL LIABILITIES 226,605 13,368 68,438 7,617 12,131 18,817 11,233 27,087 7,173 3,543 10,728 14,371 31,099 CAPITAL ACCOUNTS Capital paid in 1,779 51 439 83 107 91 147 241 54 58 80 148 280 Surplus 1,626 45 397 80 104 80 134 228 46 54 74 129 255 Other capital accounts 744 39 242 22 38 62 31 86 25 11 31 56 101 TOTAL LiABiLiTiES AND CAPITAL ACCOUNTS 230,754 13,503 69,516 7,802 13,380 19,050 11,545 27,642 7,298 3,666 10,913 14,/G4 31,735 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 209,189 13,537 57,268 8,043 12,572 18,257 10,695 25,591 7,115 3,008 11,142 13,091 28,870 Less-Held by F.R. Banks 28,512 2,247 3,683 2,170 . 1,289 1,651 3,294 1,914 1,343 642 3,310 2,055 4,914 F.R. notes, net 180,677 1111,,229900 5533,,558855 55,,887733 1111,,228833 1166,,660066 77,,440011 2233,,667777 55,,777722 22,,336666 77,,883322 1111,,003366 23,956 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 164,869 Total collateral 180,677 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