H.4.1 Factors Affecting Reserve Balances of Depository Institutions

^ol^ow'-. FEDERAL RESERVE These data are scheduled for release each Thursday. The exact time of each release will be announced, when the information is available, on (202) 452-3206. H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks Averages of daily figures (mJiallniounasr yo f 3d,o ll1a9r8s)6 RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt FF..RR.. BBaannkkss,, Week ended Change from week ended Wednesday RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss January 1, December 25, Janmi2> January 1, 1986 1QSS 1986 Reserve Bank credit: 1» 2 207,345 + 2,769 + 18,054 210,598 U.S. government securit es— Bought outright—system account 178,372 + 485 + 18,731 177,798 Held under repurchase agreements 1,669 + 645 - 1,668 3,529 Federal agency obligations- Bought outright 8,227 — - 162 8,227 Held under repurchase agreements 923 + -447 + 443 1,694 Acceptances- Bought outright — — — — Held under repurchase agreements — , — — — Loans to depository institutions 1,727 + 779 - 1,810 3,060 Includes: seasonal borrowing of 46 - 10 - 39 41 extended credit of 445 - -53 - 1,956 440 Float 1,602 + 255 - 448 988 Other F.R. assets 14,826 + 159 + 2,969 15,302 Gold stock 11,090 — - 6 11,090 Special Drawing Rights certificate account 4,718 — + 100 4,718 Treasury currency outstanding 17,077 + 14 + 659 17,089 Total factors supplying reserve funds 240,230 + 2,783 + 18,807 243,495 Currency in circulation* 197,277 + 1,313 + 13,373 197,502 Treasury cash holdings* 555 _ 2 + 42 550 Deposits, other than reserve balances, with F.R. Banks: Treasury 5,645 + 2,068 + 1,612 9,351 Foreign 296 + 45 + •41 480 S O e th rv e i r c e-related balances and adjustments 3 2,109 + 55 + 231 1,490 Other F.R, liabilities and capital 572 + 123 + 9 1,041 Total factors, other than reserve balances, 6,270 ~" 64 - 14 5,940 absorbing reserve funds 212,723 + 3,537 + 15,293 216,354 Reserve balances with F.R. Banks 4 27,508 - 753 -f 3,513 27,141 On January 1, 1986 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 125,624 million, an increase of $ 463 million for the week. 1 Net of $ 3,332 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,332 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 4,046 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4,046 million was with foreign official and international accounts. Includes $ 1,481 million securities loaned—fully secured by U.S. government securities. 3 Consists of required clearing balances of $ 1,490 million and adjustments of $ 619 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 31, 1985 December 25, 1985 January 2, 1985 ASSETS Gold certificate account 11,090 •""* — 6 Special Drawing Rights certificate account 4,718 —— + 100 Coin 487 - 11 + 57 Loans 3,060 + 1,698 - 3,287 Acceptances- Held under repurchase agreements — — — Federal agency obligations— Bought outright 8,227 — - 162 Held under repurchase agreements 1 1,694 + 1,694 + 984 U.S. government securities: Bought outright—Bills 85,425 + 68 + 14,997 Notes 67,647 — + 2,410 Bonds 2244,,772266 — ++ 1,775 Total bought outright2 117777,,779988 ++ 68 ++ 19,182 Held under repurchase agreements1 3,529 + 3,529 - 3,820 Total U.S. government securities 181,327 + 3,597 + 15,362 Total loans and securities 194,308 + 6,989 + 12,897 Cash items in process of collection (1.520) 10,147 - 649 + 1,938 Bank premises 607 + ' 3 + 38 Other assets 3 14,695 + 453 + 3,281 TOTAL ASSETS 1 (1,520) 236,052 + 6,785 + 18,305 LIABILITIES Federal Reserve notes 181,450 + 773 + 12,820 Deposits: Depository institutions 28,631 - 1,089 - 3,784 U.S. Treasury—general account 9,351 + 6,065 + 6,294 Foreign—official accounts 480 + 271 + 233 Other 1,041 + 628 + 296 Total deposits 39,503 + 5,875 + 3,039 Deferred availability cash items (1,520) 9,159 + 582 + 2,725 Other liabilities and accrued dividends4 2,378 + 142 - 496 TOTAL LIABILITIES (1,520) 232,490 + 7,372 + 18,088 CAPITAL ACCOUNTS Capital paid in 1,781 + 2 + 154 Surplus 1,781 + 155 + 155 Other capital accounts - 744 - 92 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 $ 4,046 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $1,481 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 $ 15 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 31, 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 3,033 — 9,307 + 1,359 1,836 + 1,693 16 days to 90 days I 27 — 43,462 + 1,347 962 + 208 91 days to 1 year I — 56,364 + 1,063 1,471 - 143 Over 1 year to 5 years — — 35,650 - 172 4,056 - 36 Over 5 years to 10 years — — 14,785 — 1,187 - 28 Over 10 years — — 21,759 ~ 409 — Total 3,060 181,327 3,597 9,921 1,694 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 31, 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 cert if. acct. 4,718 281 1.354 195 270 426 192 620 157 63 263 307 590 Coin 487 26 16 23 33 88 53 29 26 22 48 39 84 Loans 3,060 24 2,060 155 153 312 38 32 15 3 207 19 42 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 1.694 1,694 U.S. government securities: Bought outright—Bills 85.425 4,990 28.494 2,991 4,994 7.534 2,617 9,411 2,480 1,126 3,810 5,522 11,456 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 2 177,798 10,386 59,305 6,226 10,394 15,682 5,446 19,588 5,162 ,, 2,343 g 7,930 » 11,492 23,844 Held under repurchase agreements 1 3,529 ST" 3,529 Total U.S. government securities 181,327 10,386 62,834 6,226 10,394 15.682 5,446 19,588 5,162 2,343 7,930 11,492 23,844 Total loans and securities 194,308 10,891 69,332 6,669 11,028 16,720 5.736 20,526 5,416 2,454 8,504 12,043 24,989 Cash items in process of collection 11,667 529 1.338 533 432 682 909 958 828 654 1,840 1,358 1,606 Bank premises 607 93 31 48 28 101 48 22 18 25 46 19 128 Other assets 3 14.695 397 3.233 472 661 709 802 4,641 311 324 472 1,101 1,572 Interdistrict settlement account -0- + 449 -3,210 - 651 + 215 - 417 +3,476 - 263 + 487 - 39 - 769 - 612 +1,334 TOTAL ASSETS 237,572 13,324 75,371 7,772 13,302 19,278 11,629 27.984 7,600 3,659 11,021 14,968 31,664 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 $ 4,046 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $1,481 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 $ 15 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 31, 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 181,450 11,349 53,848 5,870 11,341 16,656 7,341 23,724 5,796 2,391 7,823 11,100 24,211 Deposits: Depository institutions 28,631 1,178 8,153 1,136 1,126 1,584 2,893 2,545 896 471 1,055 2,615 4,979 U.S. Treasury—general account 9,351 1 9,351 — — — — — — — — — — Foreign-official accounts i 480 4 367 7 10 7 12 21 4 5 7 12 24 Other 1,041 36 495 28 43 69 31 109 21 13 37 51 108 Total deposits 39,503 1,218 18,366 1,171 1,179 1,660 2,936 2,675 921 489 1,099 2,678 5,111 Deferred availability cash items 10,679 521 1,486 485 434 584 914 849 709 630 1,837 751 1,479 Other liabilities and accrued dividends 1 2,378 130 793 80 134 196 144 254 66 33 102 143 303 TOTAL LIABILITIES 234,010 13,218 74,493 7,606 13,088 19,096 11.335 27,502 7,492 3,543 10,861 14,672 31,104 CAPITAL ACCOUNTS Capital paid in 1,781 -. 53 439 83 107 91 147 241 54 58 80 148 280 Surplus 1,781 53 439 83 107 91 147 241 54 58 80 148 280 Other capital accounts — — — __ — — — — — — — — — TOTAL LIABILITIES AND CAPITAL ACCOUNTS 237,572 13,324 75,371 7.772 13,302 19,278 11,629 27,984 7,600 3,659 11,021 14,968 31,664 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 208,427 13,504 57,138 7,999 12,543 18,176 10,558 25,553 7,091 2,999 11,100 13,043 28,723 Less-Held by F.R. Banks 26,977 2,155 3,290 2,129 1,202 1,520 3,217 1,829 1,295 608 3,277 1,943 4,512 F.R. notes, net 181,450 11,349 53,848 5,870 11,341 16,656 7.341 23,724 5,796 2,391 7,823 11,100 24,211 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 165,642 * Total collateral 181,450 •, 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