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 •SSTRE^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 13, 1986 Averages of daily figures (millions of dollars) RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt FF..RR BBaannkkss,, RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss WWeeeekk eennddeedd Change from week ended WWeeddnneessddaayy MMaarrcchh 1122,, 11998866 March 5, 1986 March 13, 1985 Reserve Bank credit: '•2 200,181 + ~~488 + 18,864 206,265 U.S. government securities- Bought outright—system account 174,421 - 1,008 + 15,306 174,461 Held under repurchase agreements 589 + 589 + 589 4,124 Federal agency obligations- Bought outright 8,187 — 185 8,187 Held under repurchase agreements 112 + 112 + 112 786 Acceptances- Bought outright — — — — Held under repurchase agreements — _„ — — Loans to depository institutions 754 + 100 - 1,284 1,704 Includes: seasonal borrowing of 58 - 13 - 9 70 extended credit of 479 + 9 - 697 488 Float 783 + 404 + 277 1,254 Other F.R. assets 15,336 + 292 + 3,870 15,749 Gold stock 11,090 — - 3 11,090 Special Drawing Rights certificate account 4,718 — + 100 4,718 Treasury currency outstanding 17,176 + 14 + 626 17,188 Total factors supplying reserve funds 233,165 + 502 + 19,4~07 239,261 Currency in circulation* 192,432 + 1,110 + 13,002 192,843 Treasury cash holdings* 583 + 34 583 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,496 _ 981 _ 565 2,871 Foreign 246 _ 40 + 39 238 Service-related balances and adjustments 3 ~ 2,104 + 200 + 111 1,523 Other 410 _ 41 _ 30 408 Other F.R. liabilities and capital 6,599 - 46 + 692 6,084 Total factors, other than reserve balances, absorbing reserve funds 205,870 + 202 + 13,283 204,550 Reserve balances with F.R. Banks 4 27,295 + 300 + 6,124 34,711 On March 12, 1986 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 133,307 million, an increase of $ 606 million for the week. 1 Net of $ 4,207 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 4,207 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 4,167 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4,167 million was with foreign official and international accounts. Includes $ 355 million securities loaned —fully secured U.S. government securities. 3 Consists of required clearing balances of $1,523 million and adjustments of $ 581 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 12, 1986 March 5, 1986 March 13, 1985 ASSETS I Gold certificate account I 11,090 — - 3 Special Drawing Rights certificate account 4,718 — + 100 Coin 582 - 5 + 17 Loans 1,704 + 1,152 - 4,136 Acceptances— — — — Held under repurchase agreements Federal agency obligations- Bought outright 8,187 — - 185 Held under repurchase agreements'! 786 + 786 + 786 U.S. government securities: Bought outright—Bills 82,088 - 101 + 11,446 Notes 67,397 — + 1,327 Bonds 24,976 — + 1,532 Total bought outright2 174,461 - 101 + 14,305 Held under repurchase agreements1 4,124 + 4,124 + 4,124 Total U.S. government securities 178,585 + 4,023 + 18,429 Total loans and securities 189,262 + 5,961 + 14,894 Items in process of collection (1,086) 7,285 - 517 + 8 52 Bank premises 617 + 2 + 45 Other assets 3 15,132 + 504 + 4,007 TOTAL ASSETS (1,086) 228,686 + 5,945 + 19,912 LIABILITIES Federal Reserve notes 176,820 + 923 + 12,703 Deposits: Depository institutions 36,234 + 8,202 + 7,926 U.S. Treasury—general account 2,871 - 1,559 - 827 Foreign—official accounts 238 - 82 + 6 Other 440088 ++ 18 3 Total deposits 3399,,775511 ++ 6,579 ++ 7,102 Deferred credit items (1,086) 6,031 - 1,132 - 43 Other liabilities and accrued dividends4 2,144 + 19 _ 117 TOTAL LIABILITIES (1,086) 224,746 + 6,389 + 19,645 CAPITAL ACCOUNTS Capital paid in ^ 1,801 + 1 + 124 Surplus 1,781 — -f- 164 Other capital accounts 358 - 445 - 21 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 $4,167 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $355 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 $67 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 12, 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 | Weekly changes Holdings [Weekly changes Within 15 days 1,695 12,218 + 3,548 848 658 16 days to 90 days 9 41,081 + 525 863 22 91 days to 1 year 55,849 50 1,732 + 38 Over 1 year to 5 years 32,315 3,853 + 22 Over 5 years to 10 years 15,113 1,253 + 75 Over 10 years 22,009 424 + 15 Total 1,704 178,585 4,023 8,973 + 786 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 12, 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 582 38 22 34 42 99 57 39 32 27 54 45 93 Loans 1,704 9 828 30 2 235 16 15 17 104 222 123 103 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 1 786 --' 786 — — — — — — — — "" U.S. government securities: Bought outright—Bills 82,088 4,796 27,380 2,875 4,799 7,240 2,514 9,044 2,383 1,082 3,661 5,306 11,008 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 2 174,461 10,192 58,191 6,110 10,199 15,388 5,343 19,221 5,065 2,299 7,781 11,276 23,396 Held under repurchase agreements 1 4,124 — 4,124 — — — — — — — — — — Total U.S. government securities 178,585 10,192 62,315 6,110 10,199 15,388 5,343 19,221 5,065 2,299 7,781 11,276 23,396 Total loans and securities 189,262 10,679 66,660 6,427 10,679 16,345 5,610 20,138 5,320 2,511 8,368 11,928 24,597 Items in process of collection 8,371 425 768 350 292 387 804 673 559 370 1,307 955 1,481 Bank premises 617 93 31 48 29 101 49 24 18 24 47 19 134 Other assets 3 15,132 432 3,321 493 668 692 779 4,686 338 316 512 1,192 1,703 Interdistrict settlement account -0- + 853 -5,268 - 583 + 560 - 161 +2,444 - 65 + 807 + 607 - 852 - 401 +2,059 TOTAL ASSETS 229,772 13,459 70,165 7,447 13,1751 18,858 10,348 27,566 7,588 4,074 10,316 14,758 32,018 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 $ 4,167 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 355 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 $ 67 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 12 , 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 176,820 11,216 52,971 5,598 11,268 16,195 6,040 23,518 5,822 2,822 7,554 10,535 23,281 Deposits: Depository institutions 36,234 1,568 11,474 1,275 1,242 1,899 3,169 2,664 1,094 722 1,228 3,267 6,632 U.S. Treasury—general account 2,871 2,871 Foreign-official accounts 238 5 125 7 9 8 12 20 64 5 7 12 24 Other 408 1 264 49 1 84 1 4 1 3 Total deposits 39,751 1,574 1144,,773344 11,,228822 11,,225511 11,,995566 33,,118822 22,,776688 11,,009999 772277 11,,223399 33,,228800 6,659 Deferred credit items 7,117 425 774411 331133 330011 331122 774488 551133 448855 337711 11,,225522 446622 1,194 Other liabilities and accrued dividends 1 2,144 120 773366 7755 112255 118811 6699 223388 6644 3333 9933 113355 275 TOTAL LIABILITIES 225,832 13,335 6699,,118822 77,,226688 1122,,994455 1188,,664444 1100,,003399 2277,,003377 77,,447700 33,,995533 1100,,113388 1144,,441122 31,409 CAPITAL ACCOUNTS Capital paid in 1,801 53 444400 8844 110066 9944 115511 224455 5544 5599 8822 115511 282 Surplus 1,781 53 443399 8833 110077 9911 114477 224411 5544 5588 8800 114488 280 Other capital accounts 358 18 110044 1122 1177 2299 1111 4433 1100 44 1166 4477 47 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 229,772 13,459 70,165 7,447 13,175 18,858 10,348 27,566 7,588 4,074 10,316 14,758 32,018 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 211,061 13,940 58,252 7,963 12,869 18,150 10,488 25,881 7,277 3,498 11,369 12,538 28,836 Less-Held by F.R. Banks 34,241 2,724 5,281 2,365 1,601 1,955 4,448 2,363 1,455 676 3,815 2,003 5,555 F.R. notes, net 176,820 1111,,221166 5522,,997711 55,,559988 1111,,226688 1166,,119955 66,,004400 2233,,551188 55,,882222 22,,882222 77,,555544 1100,,553355 23,281 Collateral held against F.R. notes: Gold certificate account 11,090 11 Special Drawing Rights certif. acct. 4,718 Other eligible assets -0- U.S. govt, and agency securities 161,012 Total collateral 176,820 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