H.4.1 Factors Affecting Reserve Balances of Depository Institutions

.-ifesssst.i.. FEDERAL RESERVE These data are scheduled for release each Thursday. The exact time of each release will be announced, when ••f^m?^: 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 February 20, 1986 Averages of daily figures (millions of dollars) RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt FF..RR BBaannkkss,, RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss FF WW eebb ee rr ee uu kk aa 11 99 rr ee yy 88 nn 66 dd ee 11 dd 99 ,, *ebrm Ch i a nge iZ » fro m week n en H de d ^^ FF^^rr WW uu ee aa dd rr nn yyii ee 11 ss 99 dd gg aa yy Reserve Bank credit: 1 2 200,144 + 2,067 + 20,454 202,179 U.S. government securities- Bought outright—system account 174,534 + 2,263 + 19,926 175,011 Held uno'er repurchase agreements — — 3,033 — Federal agency obligations- Bought outright 8,195 18 177 8,195 Held under repurchase agreements — ~ 256 — Acceptances- Bought outright — — — — Held under repurchase agreements — — — Loans to depository institutions 1,161 + 565 + 167 606 Includes: seasonal borrowing of 62 + 20 19 62 extended credit of 529 + 57 — 474 Float 1,015 116 + 56 3,721 Other F.R. assets 15,239 627 + 3,771 14,646 Gold stock 11,090 „.. 4 11,090 Special Drawing Rights certificate account 4,718 — + 100 4,718 Treasury currency outstanding 17,134 + 14 + 628 17,146 Total factors supplying reserve funds 233,086 + 2,081 + 21,178 235,133 Currency in circulation* 191,712 + 437 + 13,012 191,969 Treasury cash holdings* 575 3 + 19 575 Deposits, other than reserve balances, with F.R. Banks: Treasury 6,167 687 + 2,348 7,278 Foieigri 207 + 8 29 223 Service-related balances and adjustments3 1,877 + 17 9 1,503 Other 474 + 63 34 541 Other F.R. liabilities and capital 6,117 - . 274 + 91 5,931 Total factors, other than reserve balances, absorbing reserve funds 207,130 438 + 15,399 208,020 Reserve balances with F.R. Banks4 25,956 + 2,519 + 5,780 27,113 On February 19, 1986 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 132,056 million, an increase of $ 3,825 million for the week. 1 Net of $ 4,893 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 4,250 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 4,333 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4,333 million was with foreign official and international accounts. Includes $ 181 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,503 million and adjustments of $ 374 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 Wedne sday, Wedne sday, February 19, 1986 February 12. 1986 February 20. 1985 ASSETS Qold certificate account 11,090 — — 4 Special Drawing Rights certificate account 4,718 — + 100 Coin 582 - 2 + 45 Loans 606 - 33 - 562 Acceptances- — __ — Held under repurchase agreements Federal agency obligations- Bought outright 8,195 — - 177 Held under repurchase agreements 1 — — - 304 U.S. government securities: Bought outright-—Bills 82,638 - 76 + 15,983 Notes 67,397 - 250 + 2,753 Bonds 24,976 + 250 + 1,532 Total bought outright* 175,011 - 76 + 20,268 Held under repurchase agreements1 ~ 3,329 Total U.S. government securities 175,011 ~~~~7766 ++ 16,939 Total loans and securities 183,812 - 109 + 15,896 Items in process of collection (l,699, ) 13,140 + 5,334 + 742 Bank premises 612 _ 1 + 42 Other assets 3 14,034 _ 1,324 + 3,189 TOTAL ASSETS (1,699 ) 227,988 + 3,898 + 20,010 LIABILITIES Federal Reserve notes 175,980 + 358 + 12,472 Deposits: Depository institutions 28,616 - 1,435 + 4,218 U.S. Treasury—general account 7,278 + 1,682 + 3,362 Foreign—official accounts 223 + 19 - 21 Other 541 + 110 + 68 Total deposits 36,658 + 376 + 7,627 Deferred credit items (1,699 ) 9,419 + 3,230 94 Other liabilities and accrued dividends4 2,044 TOTAL LIABILITIES (1,699 ) 224,101 i + 57 240 3,907 + 19,765 CAPITAL ACCOUNTS Capital paid in 1,793 + 4 + 129 Surplus 1,781 — + 155 Other capital accounts 313 - 13 - 39 * 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 $ 4,333 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 181 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 $ 61 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, February 19, 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 LLooaannss AAcccceeppttaanncceess Holdings [Weekly changes Holdings [Weekly changes Within 15 days 600 — 8,780 788 199 + 141 16 days to 90 days 6 — 42,542 + 3,017 827 - 141 91 days to 1 year — — 54,269 + 340 1,749 — Over 1 year to 5 years — — 32,298 - 3,245 3,808 _-. Over 5 years to 10 years — — 15,113 + 350 1,203 . Over 10 years — — 22,009 + 250 409 Total 606 — 175,011 76 8,195 — 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 February 19, 1986 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 1,354 195 270 426 192 620 157 63 263 307 590 Coin 582 35 21 32 41 100 61 39 32 26 54 47 94 Loans 606 19 4 43 9 231 22 9 5 3 179 79 3 Acceptances held under repurchase agreements — — — — — —"* *~~ — Federal agency obligations: Bought outright 8,195 479 2,733 287 479 723 251 903 238 108 365 530 1,099 Held under repurchase agreements 1 ~ — — — — — — — — — — -- — U.S. government securities: Bought outright-Bills 82,638 4,828 27,564 2,894 4,831 7,288 2,531 9,104 2,399 1,089 3,686 5,342 11,082 Notes 67,397 3,937 22,480 2,360 3,940 5,945 2,064 7,425 1,957 888 3,006 4,356 9,039 Bonds 24,976 1,459 8,331 875 1,460 2,203 765 2,752 725 329 1,114 1,614 3,349 Total bought outright 2 175,011 10,224 58,375 6,129 10,231 15,436 5,360 19,281 5,081 2,306 7,806 11,312 23,470 Held under repurchase agreements 1 — — — — — — — — — — — — — Total U.S. government securities 175,011 10,224 58,375 6,129 10,231 15,436 5,360 19,281 5,081 2,306 7,806 11,312 23,470 Total loans and securities 183,812 10,722 61,112 6,459 10,719 16,390 5,633 20,193 5,324 2,417 8,350 11,921 24,572 Items in process of collection 14,839 731 1,588 979 823 1,169 1,507 1,565 825 629 2,053 918 2,052 Bank premises 612 93 31 48 29 101 49 23 18 24 46 19 131 Other assets 3 14,034 395 2,774 443 614 716 757 4,561 315 315 467 1,129 1,548 Interdistrict settlement account -0- + 522 +2,659 -1,059 89 -1,165 +1,360 -1,269 + 416 + 415 -1,367 - 717 + 294 TOTAL ASSETS 229,687 13,437 72,816 7,580 13,042 18,706 9,972 27,183 7,444 4,045 10,483 14,337 30,642 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 iatest statement week. 2 Net of $ 4,333 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 181 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 $ 61 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 February 19, 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 175,980 11,328 53,318 5,498 11,103 15,873 6,018 23,388 5,796 2,766 7,438 10,397 23,057 Deposits: 28,616 1,297 8,825 1,157 1,176 1,869 2,476 1,945 747 511 963 2,766 4,884 Depository institutions U.S. Treasury—general account 7,278 7,278 Foreign—official accounts 223 5 110 7 9 8 12 20 4 5 7 12 24 Other 541 2 398 1 1 40 1 89 1 3 2 3 Total deposits 36,658 1,304 16,611 1,165 1,186 1,917 2,489 2,054 752 516 973 2,780 4,911 Deferred credit items 11,118 565 1,239 665 402 532 1,090 985 721 611 1,804 704 1,800 Other liabilities and accrued dividends 1 2,044 117 668 75 122 176 66 232 59 32 93 136 268 TOTAL LIABILITIES 225,800 13,314 71,836 7,403 12,813 18,498 9,663 26,659 7,328 3,925 10,308 14,017 30,036 CAPITAL ACCOUNTS Capital paid in 1,793 53 440 83 105 91 150 245 54 59 81 150 282 Surplus 1,781 53 439 83 107 91 147 241 54 58 80 148 280 Other capital accounts 313 17 101 11 17 26 12 38 8 3 14 22 44 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 229,687 13,437 72,816 7,580 13,042 18,706 9,972 27,183 7,444 4,045 10,483 14,337 30,642 FEDERAL RESERVE AGENTS' ACCOUNTS 209,352 14,037 57,696 7,895 12,862 17,890 10,259 25,849 7,206 3,532 11,035 12,576 28,515 F.R. notes outstanding Less-Held by F.R. Banks 33,372 2,709 4,378 2,397 1,759 2,017 4,241 2,461 1,410 766 3,597 2,179 5,458 F.R. notes, net 175,980 11,328 53,318 5,498 11,103 15,873 6,018 23,388 5,796 2,766 7,438 10,397 23,057 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 ! 160,172 Total collateral 175,980 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