H.4.1 Factors Affecting Reserve Balances of Depository Institutions

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 March 6^ 1986 Averages of daily figures (mill ons of dollars) RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt FF..RR BBaannkkss,, RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss MMaaWW##,,nnddeedd Change from week ended Wednesday 11998866 Tefr ruarc»*~° ' narcn" :" Jiaai. March 5, 1986 Reserve Bank credit: 1• * 199,693 + 852 + 17,495 199,183 U.S. government securities- Bought outright—system account 175,429 + 1,494 + 15,750 174,562 Held under repurchase agreements — — - 358 — Federal agency obligations- Bought outright 8,187 - 6 - 185 8,187 Held under repurchase agreements — — - 54 — Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 654 - 384 - 1,037 552 Includes: seasonal borrowing of 71 + 2 + 1 56 extended credit of 470 - 12 - 802 469 Float 379 - 780 - 432 639 Other F.R. assets 15,044 + 528 + 3,810 15,243 Gold stock 11,090 — - 3 11,090 Special Drawing Rights certificate account 4,718 — + 100 4,718 Treasury currency outstanding 17,162 + 14 + 629 17,174 Total factors supplying reserve funds 232,663 + 866 + 18,221 232,165 Currency in circulation* 191,330 + 129 + 12,777 191,909 Treasury cash holdings* 575 — + 37 575 Deposits, other than reserve balances, with F.R. Banks: Treasury 4,477 - 2,445 + 1,113 4,430 Foreign 286 + 54 + 33 320 Service-related balances and adjustments 3 1,900 - 258 + 185 1,521 Other 451 + 26 - 69 390 Other F.R. liabilities and capital 6,645 + 402 + 796 6,509 Total factors, other than reserve balances, absorbing reserve funds 205,664 - 2,092 + 14,873 205,654 Reserve balances with F.R. Banks * 26,999 + 2,957 + 3,347 26,511 On March 5, 1986 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 132,701 million, an increase of $ 2,598 million for the week. 1 Net of $ 3,198 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,198 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 4,065 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4,065 rnillion was with foreign official and international accounts. Includes $ 536 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,521 million and adjustments of $ 379 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, March 5, 1986 February 26, 1986 March 6. 1985 ASSETS I Gold certificate account 11,090 — - 3 Special Drawing Rights certificate account 4,718 — + 100 Coin 587 + 1 + 27 Loans 552 - 130 — 957 Acceptances- Held under repurchase agreements Federal agency obligations- Bought outright 8,187 _— 185 Held under repurchase agreements 1 U.S. government securities: Bought outright—Bills 82,189 _ 1,308 + 11,468 Notes 67,397 + 1,327 BBoonnddss 2244,,997766 — ++ 1,532 TToottaall bboouugghhtt oouuttrriigghhtt?? 117744,,556622 1,308 ++ 14,327 Held under repurchase agreements 1 Total U.S. government securities 174,562 _ 1,308 + 14,327 Total loans and securities 183,301 1,438 + 13,185 Items in process of collection (1,288) 7,802 + 1,214 69 Bank premises 615 + 44 ++ 4433 Other assets 3 14,628 + 558833 ++ 33,,880022 TOTAL ASSETS (1,288) 222,741 + 336644 ++ 1177,,008855 LIABILITIES Federal Reserve notes 175,897 + 789 + 12,244 Deposits: Depository institutions 28,032 — 1,767 + 3,484 U.S. Treasury—general account 4,430 _ 249 + 428 Foreign—official accounts 320 + 66 + 121 Other 390 _ 35 43 Total deposits 33,172 _ 1,985 + 3,990 Deferred credit items (1,288) 7,163 + 1,193 + 83 Other liabilities and accrued dividends4 2,125 109 193 TOTAL LIABILITIES (1,288) 218,357 112 + 16,124 CAPITAL ACCOUNTS Capital paid in 1,800 + 1 + 130 Surplus 1,781 — + 164 Other capital accounts 803 + 475 + 667 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 $ 4,065 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 535 million securities loaned—fully secured by U.S. government securities. Includes assets denominated in foreign currencies, revalued monthly at market exchange ratea. Includes special investment account at Chicago of $ 68 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, March 5, 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 546 — 8,670 + 398 190 - 141 16 days to 90 days 6 — 40,556 - 1,792 885 + 181 91 days to 1 year — — 55,899 + 69 1,694 - 50 Over 1 year to 5 years — — 32,315 + 17 3,831 + 10 Over 5 years to 10 years — — 15,113 — 1,178 — Over 10 years --5555 2222,,000099 — 440099 — Total 555522 117744,,556622 - 1,308 88,,118877 — 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 March 5 1986 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 certif. acct. 4,718 281 1,354 195 270 426 192 620 157 63 263 307 590 Coin 587 36 22 33 43 100 61 39 32 27 55 46 93 Loans 552 12 2 31 1 214 20 3 2 6 152 107 2 Acceptances held under repurchase agreements Federal agency obligations: Bought outright 8,187 478 2,731 287 478 722 251 902 238 108 365 529 1,098 Held under repurchase agreements 1 U.S. government securities: Bought outright-Bills 82,189 4,801 27,414 2,878 4,805 7,249 2,517 9,055 2,386 1,083 3,666 5,313 11,022 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 2 174,562 10,197 58,225 6,113 10,205 15,397 5,346 19,232 5,068 2,300 7,786 11,283 23,410 Held under repurchase agreements 1 Total U.S. government securities 174,562 10,197 58,225 6,113 10,205 15,397 5,346 19,232 5,068 2,300 7,786 11,283 23,410 Total loans and securities 183,301 10,687 60,958 6,431 10,684 16,333 5,617 20,137 5,308 2,414 8,303 11,919 24,510 Items in process of collection 9,090 496 988 389 358 457 970 689 578 493 1,344 701 1,627 Bank premises 615 93 31 48 29 100 49 24 18 24 46 19 134 Other assets 3 14,628 421 2,920 486 655 676 767 4,664 332 314 503 1,173 1,717 Interdistrict settlement account -0- + 737 -2,729 - 591 + 58 + 141 +2,291 - 478 + 484 + 607 - 926 - 807 +1,213 TOTAL ASSETS 224,029 13,409 66,821 7,474 12,732 19,202 10,360 27,146 7,266 4,098 10,205 14,071 31,245 1 Does not inciude 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 $ 4,065 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 536 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 $ 68 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 March 5. 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 175,897 11,171 53,080 5,581 11,161 16,208 6,201 23,094 5,803 2,809 7,447 10,412 22,930 Deposits: Depository institutions 28,032 1,498 6,209 1,189 842 2,110 2,838 2,530 701 616 1,046 2,556 5,897 U.S. Treasury—general account 4,430 — 4,430 — — — — — — — — — — Foreign-official accounts 320 5 207 7 9 8 12 20 4 5 7 12 24 Other 390 1 233 — 1 63 1 83 1 1 3 1 2 Total deposits 33,172 1,504 11,079 1,196 852 2,181 2,851 2,633 706 622 1,056 2,569 5,923 Deferred credit items 8,451 474 856 418 339 391 892 585 565 499 1,409 589 1,434 Other liabilities and accrued dividends 1 2,125 122 706 77 123 182 69 240 61 32 95 137 281 TOTAL LIABILITIES 219,645 13,271 65,721 7,272 12,475 18,962 10,013 26,552 7,135 3,962 10,007 13,707 30,568 CAPITAL ACCOUNTS Capital paid in 1,800 53 440 84 106 94 150 245 54 59 82 151 282 Surplus 1,781 53 439 83 107 91 147 241 54 58 80 148 280 Other capital accounts 803 32 221 35 44 55 50 108 23 19 36 65 115 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 224,029 13,409 66,821 7,474 12,732 19,202 10,360 27,146 7,266 4,098 10,205 14,071 31,245 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 210,649 13,945 58,303 7,994 12,853 18,178 10,600 25,554 7,292 3,511 11,241 12,538 28,640 Less-Held by F.R. Banks 34,752 2,774 5,223 2,413 1,692 1,970 4,399 2,460 1,489 702 3,794 2,126 5,710 F.R. notes, net 175,897 11,171 53,080 5,581 11,161 16,208 6,201 23,094 5,803 2,809 7,447 10,412 22,930 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 160,089 Total collateral 175,897 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