H.4.1 Factors Affecting Reserve Balances of Depository Institutions

y^S^isz: FEDERAL RESERVE These data are scheduled for release each Thursday. The exact time of each release will be announced, when SEP.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 20, 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 Wednesday MMaarrcchh 1199,, 11998866 March 19, March 12, 1986 March 20, 1985 1QR6 Reserve Bank credit: 12 199,371 Ilk + 17,179 198,690 U.S. government securities- Bought outright-—system account 173,891 - 530 + 14,277 173,965 Held under repurchase agreements — - 589 - 369 — Federal agency obligations- Bought outright 8,187 — - 185 8,187 Held under repurchase agreements — _ 112 - 43 — Acceptances- Bought outright — — — — Held under repurchase agreements Loans to depository institutions 758 + 4 _ 923 702 Includes: seasonal borrowing of 70 + 12 _ 20 83 extended credit of 526 + 47 - 636 500 Float 651 - 117 + 333 402 Other F.R. assets 15,883 + 569 + 4,089 15,434 Gold stock 11,090 _ 3 11,090 Special Drawing Rights certificate account 4,718 — + 100 4,718 Treasury currency outstanding 17,190 + 14 _+ 622 17,202 Total factors supplying reserve funds 232,369 - 760 + 17,898 231,700 Currency in circulation* 192,829 + 397 + 13,523 192,772 Treasury cash holdings* 583 + 31 » 583 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,044 - 452 - 774 1,440 Foreign 264 + 18 + 10 248 Service-related balances and adjustments3 1,716 - 388 + 139 1,534 Other 690 + 280 - 515 528 Other F.R. liabilities and capital 6,184 - 416 + 83 5,976 Total factors, other than reserve balances, absorbing reserve funds 205,309 - 562 + 12,496 203,081 Reserve balances with F.R. Banks 4 27,060 - 198 + 5,402 28,619 On March 19, 1986 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 136,601 million, an increase of $ 3,294 million for the week. 1 Net of $ 4,736 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $4,736 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 4,662 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4,662 million was with foreign official and international accounts. Includes $ 554 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,534 million and adjustments of $ 182 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 19, 1986 March 12 , 1986 March 20, 1985 ASSETS Gold certificate account 11 090 — - 3 Special Drawing Rights certificate account 4 718 — + 100 Coin 582 — + 21 Loans 702 1 ,002 - 763 Acceptances- — — — Held under repurchase agreements Federal agency obligations- Bought outright 8 ,187 — 185 Held under repurchase agreements1 — - 786 — U.S. government securities: Bought outright—Bills 81 592 - 496 + 12 ,237 Notes 67 ,397 — + 1 ,327 Bonds 24 976 — + 1 532 Total bought outright^ 173 965 - 496 + 15 096 Held under repurchase agreements1 — -- 44 ,,112244 — Total U.S. government securities 173 ,965 44 ,,662200 ++ 15 096 Total loans and securities 182 ,854 - 6 ,408 + 14" ,148 Items in process of collection (1 ,288) 6 ,924 _ 361 + 315 Bank premises 618 + 1 + 46 Other assets 3 14 ,816 316 + 3 ,521 TOTAL ASSETS (1 ,288) 221 ,602 - 7 ,084 + 18 ,148 LIABILITIES Federal Reserve notes 176 ,735 - 85 + 13 ,015 Deposits: Depository institutions 30 ,153 - 6 ,081 + 7 ,258 U.S. Treasury—general account 1 ,440 - 1 ,431 - 2 ,183 Foreign—official accounts 248 + 10 + 37 Other 552288 ++ 12.0 193 Total deposits ~~3322~~ ,,336699 7 ,382 ++ 4 ,919 Deferred credit items n ,?88) 6 ,522 + 491 + 132 Other liabilities and accrued dividends4 2 ,053 91 165 TOTAL LIABILITIES (i ,288) 217 ,679 - 7 ,067 + 17 ,901 CAPITAL ACCOUNTS Capital paid in 1 ,816 + 15 + 129 Surplus 1 ,781 — + 157 Other capital accounts 326 - 32 - 39 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 $4,662 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 554 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 $ 58 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 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 678 — 8,730 _ 3,488 269 _ 579 16 days to 90 days 24 — 41,799 + 718 656 - 207 91 days to 1 year — — 53,999 - 1,850 1,732 Over 1 year to 5 years — — 32,315 3,853 Over 5 years to 10 years — — 15,113 1,253 Over 10 years — —— 2222,,000099 — 424 — .. Total 702 117733,,996655 4,620 8,187 786 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 19, 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 39 22 32 42 99 55 39 32 28 56 44 94 Loans 702 15 1 32 1 235 17 14 14 6 197 168 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 81,592 4,767 27,215 2,857 4.770 7,196 2,499 8,989 2,369 1,075 3,639 5,274 10,942 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 2 173,965 10,163 58,026 6,092 10,170 15,344 5,328 19,166 5,051 2,292 7,759 11,244 23,330 Held under repurchase agreements 1 — __ — — — — 6 - — — ~ — — — Total U.S. government securities 173,965 10,163 58,026 6,092 10,170 15,344 5,328 19,166 5,051 2,292 7,759 LI,244 23,330 Total loans and securities 182,854 10,656 60,758 6,411 10,649 16,301 5,596 20,082 5,303 2,406 8,321 LI,941 24,430 Items in process of collection 8,212 555 352 527 367 437 926 784 608 368 1,355 562 1,371 ^ Bank premises 618 93 31 48 29 101 49 24 18 24 46 19 136 Other assets 3 14,816 445 3,038 508 679 704 781 4,701 345 318 516 1,045 1,736 interdistrict settlement account -0- + 761 - 4,111 - 697 + 734 - 240 + 1,720 + 727 + 329 + 494 - 888 - 698 •-1.869 TOTAL ASSETS 222,890 13,488 64,721 7,507 13,405 18,797 9T7J2— 28,428 7,149 3,857 10,286 13,933 31,587 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 $ 4,662 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 554 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 $ 58 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 19, 1986 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City Francisco LIABILITIES Federal Reserve notes 176,735 11,167 52,795 5,549 11,282 16,157 5,809 23,884 5,808 2,830 7,540 10,634 23,280 Deposits: Depository institutions 30,153 1,652 7,448 1,213 1,387 1,815 2,667 3,110 666 462 1,205 2,319 6,209 U.S. Treasury-general account 1,440 1,440 Foreign-official accounts 248 5 135 7 9 8 12 20 4 5 7 12 24 Other 528 2 392 1 46 2 76 1 3 1 4 Total deposits 32,369 1.659 9,415 1,220 1,397 1,869 2,681 3,206 671 467 1,215 2,332 6,237 Deferred credit items 7,810 420 848 484 374 379 864 577 493 409 1,263 511 1,188 Other liabilities and accrued dividends 1 2,053 118 667 76 121 177 68 233 59 31 92 132 279 TOTAL LIABILITIES "" 218,967 13,364 63,725 7,329 13,174 18,582 9,422 27,900 7,031 3,737 10,110 13.609 30,984 CAPITAL ACCOUNTS Capital paid in 1,816 53 452 84 106 94 151 245 55 59 82 152 283 Surplus 1,781 53 439 83 107 91 147 241 54 58 80 148 280 Other capital accounts 326 18 105 11 18 30 12 42 9 3 14 24 40 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 222,890 13,488 64,721 7,507 13,405 18,797 9,732 28,428 7,149 3,857 10,286 13,933 31,587 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 211,161 13,947 58,138 7,916 12,909 18,187 10,326 26,228 7,276 3,487 11,390 12,629 28,728 Less-Held by F.R. Banks 34,426 2.780 5,343 2,367 1,627 2,030 4,517 2,344 1,468 657 3,850 1,995 5,448 F. R. notes, net 176,735 1111,,116677 5522,,779955 55,,554499 1111,,228822 1166,,115577 55,,880099 2233,,888844 55,,880088 22,,883300 77,,554400 1100,,663344 23,280 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 160,927 Total collateral 176,735 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