H.4.1 Factors Affecting Reserve Balances of Depository Institutions

* of COVi FEDERAL RESERVE ••f^^V: 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.A.i Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks January 9, 1986 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 January 8, January 1, 1 January 9, Janmi8> 1986 1Q8S Reserve Bank credit: 1» 2 204,628 2,783 + 18,135 202,920 U.S. government securities- Bought outright—system account 179,089 + 717 + 18,056 178,021 Held under repurchase agreements 492 1,177 - 1,518 — Federal agency obligations- Bought outright 8,227 — - 162 8,227 Held under repurchase agreements 70 853 - 78 — Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 612 1,115 - 1,450 576 Includes: seasonal borrowing of 30 16 - 23 26 extended credit of 456 + 11 - 1,361 471 Float 1,126 519 - 77 882 Other F.R. assets 15,012 + 163 + 3,365 15,214 Gold stock 11,090 - 6 11,090 Special Drawing Rights certificate account 4,718 + 100 4,718 Treasury currency outstanding 17,091 + 14 + 657 17,103 Total factors supplying reserve funds 237,527 2,769 + 18,886 235,831 Currency in circulation* 196,315 962 + 13,530 195,314 Treasury cash holdings* 550 5 + 32 550 Deposits, other than reserve balances, with F.R. Banks: Treasury 4,140 1,505 + 650 5,310 Foreign 307 + 11 + 89 259 Service-related balances and adjustments 3 2,028 81 + 127 . 1,503 Other 464 108 + 35 402 OOtthheerr FF..RR.. lliiaabbiilliittiieess aanndd ccaappiittaall 6,072 198 89 6,179 TToottaall ffaaccttoorrss,, ootthheerr tthhaann rreesseerrvvee bbaallaanncceess,, absorbing reserve funds 209,876 2,847 + 14,374 209,517 Reserve balances with F.R. Banks 4 27,650 + 76 + 4,513 26,314 On January 8, 1986 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 126,112 million, an increase of $ 488 million for the week. 1 Net of $ 2,756 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 2,756 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 3,823 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 3,823 million was with foreign official and international accounts. Includes $ 431 million securities loaned—fully secured by U.S. government securities. 3 Consists of required clearing balances of $ 1,503 million and adjustments of $ 525 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, January 8, 1986 January 1. 1986 January 9, 1985 ASSETS Gold certificate account 11,090 _ 6 Special Drawing Rights certificate account 4,718 — + 100 Coin 482 - 5 + 48 Loans 576 - 2,484 - 861 Acceptances- Held under repurchase agreements Federal agency obligations- Bought outright 8,227 _ 162 Held under repurchase agreements1 1,694 96 U.S. government securities: Bought outright—Bills 85,648 + 223 + 13,649 NNootteess 6677,,664477 ++ 2,410 BBoonnddss 2244,,772266 ++ 1,775 TToottaall bboouugghhtt oouuttrriigghhtt** 117788,,002211 ++ 223 ++ 17,834 Held under repurchase agreements1 333,,,555222999 552277 TToottaall UU..SS.. ggoovveerrnnmmeenntt sseeccuurriittiieess 178,02 "* 1 — -- 333,,,333000666 ++ 17,307 TToottaall llooaannss aanndd sseeccuurriittiieess 186,824 777,,,444888444 ++ 16,188 Cash items in process of collection (1,018) 7,706 _ 2,441 + 1,339 Bank premises 607 + 37 Other assets 3 14,607 _„ 88 + 3,440 TOTAL ASSETS (1,018) 226,034 - 10,018 + 21,146 LIABILITIES Federal Reserve notes 179,243 _ 2,207 + 12,826 Deposits: Depository institutions 27,817 _ 814 + 6,775 U.S. Treasury—general account 5,310 • 4,041 + 1,115 Foreign—official accounts 259 _ 221 + 10 Other 402 _ 639 + 9 Total deposits 33,788 _ 5,715 + 7,909 Deferred availability cash items (1,018) 6,824 _ 2,335 + 366 Other liabilities and accrued dividends4 2,302 76 262 TOTAL LIABILITIES (1,018) 222,157 - 10,333 + 20,839 CAPITAL ACCOUNTS Capital paid in 1,783 + 2 + 154 Surplus 1,7 70 - 11 + 144 Other capital accounts 324 + 324 + 9 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 $ 3,823 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 431 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 $ 37 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, January 8, 1986 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 jWeekly changes Holdings [Weekly changes Within 15 days 567 7,278 2,029 97 ,739 16 days to 90 days 9 42,309 1,153 864 98 91 days to 1 year 56,240 124 1,644 173 Over 1 year to 5 years 35,650 4,026 30 Over 5 years to 10 years 14,785 1,187 Over 10 years 21,759 409 Total 576 178,021 3,306 8,227 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 January 8, 1986 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City 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 482 25 16 23 33 88 48 29 27 22 48 40 83 Loans 576 3 8 14 1 240 42 17 10 3 224 11 3 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 ' — _._ — — — — — — — — — — — U.S. government securities: Bought outright-Bills 85,648 5,004 28,568 2,999 5,007 7,554 2,623 9,436 2,486 1,129 3,820 5,536 11,486 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 2 178,021 10,400 59,379 6,234 10,407 15,702 5,452 19,613 5,168 2,346 7,940 11,506 23,874 Held under repurchase agreements 1 — — — — — — — — — — — — — Total U.S, government securities 178,021 10,400 59,379 6,234 10,407 15,702 5,452 19,613 5,168 2,346 7,940 11,506 23,874 Total loans and securities 186,824 10,884 62,131 6,536 10,889 16,668 5,746 20,536 5,417 2,457 8,531 12,049 24,980 Cash items in process of collection 8,724 458 1,055 356 324 452 904 643 597 500 1,496 496 1,443 Bank premises 607 93 31 48 28 101 48 22 18 25 46 19 128 Other assets 3 14,607 426 2,886 457 700 663 809 4,645 293 291 487 1,184 1,766 Interdistrict settlement account -0- + 372 -1,800 - 709 + 80 + 293 + 2,513 - 760 + 305 1 -1,061 - 839 1,607 TOTAL ASSETS 227,052 13,197 68,950 7,389 12,959 19,660 10,673 27,186 7,171 3,513 10,427 13,969 31,958 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 $ 3,823 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 431 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 $ 37 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 January 8, 1986 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 179,243 11,258 53,704 5,683 11,278 16,391 6,804 23,485 5,717 2,386 7,749 10,942 23,846 Deposits: Depository institutions 27,817 1,256 6,864 1,097 949 2,462 2,622 2,288 766 457 1,025 2,006 6,025 U.S. Treasury—general account 5,310 5,310 Foreign—official accounts 259 5 146 7 9 8 12 20 4 5 7 12 24 Other 402 1 283 2 13 1 45 1 3 50 3 Total deposits 33,788 1,262 12,603 1,104 960 2,483 2,635 2,353 777700 446633 11,,003355 22,,006688 6,052 Deferred availability cash items 7,842 421 901 344 347 379 786 570 550044 551111 11,,339933 552200 1,166 Other liabilities and accrued dividends 1 2,302 128 732 80 139 193 143 251 6677 3344 110011 114411 293 TOTAL LIABILITIES 223,175 13,069 67,940 7,211 12,724 19,446 10,368 26,659 77,,005588 33,,339944 1100,,227788 1133,,667711 31,357 CAPITAL ACCOUNTS Capital paid in 1,783 53 439 83 107 91 148 241 5544 5588 8800 114488 281 Surplus 1,770 53 • 439 83 107 91 147 241 5544 5588 6699 114488 280 Other capital accounts 324 22 132 12 21 32 10 45 55 33 00 22 40 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 227,052 13,197 68,950 7,389 12,959 19,660 10,673 27,186 7,171 3,513 10,427 13,969 31,958 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 207,846 13,542 57,105 7,942 12,553 18,047 10,374 25,515 7,088 3,046 11,039 12,963 28,632 Less-Held by F.R. Banks 28,603 2,284 3,401 2,259 1,275 1,656 3,570 2,030 1,371 660 3,290 2,021 4,786 F.R. notes, net 179,243 1111,,225588 5533,,770044 55,,668833 1111,,227788 1166,,339911 66 ,,880044 2233,,448855 55,,771177 22,,338866 77,,774499 1100,,994422 23,846 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 163,435 Total collateral 179,243 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