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 wilt 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 27, 1986 Averages of daily figures (millions of dollars) RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt FF..RR BBaannkkss,, RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss MMaa^^ffttkk££??,,ddeedd Change from week ended ii!!88^^22{{!!yy 11998866 •"^Mfo ™ w- Reserve Bank credit:1- 2 198,893 470 + 17,752 202,789 U.S. government securities- Bought outright—system account 173,466 - 425 + 13,730 174,088 Held under repurchase agreements 375 + 375 + 375 2,624 Federal agency obligations- Bought outright 8,187 — 185 8,187 Held under repurchase agreements 148 + 148 + 148 1,035 Acceptances— Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 780 + 22 117 895 Includes: seasonal borrowing of 70 + 2 34 79 extended credit of 541 + 13 + 26 562 Float 255 - 388 + 15 146 Other F.R. assets 15,683 - 200 + 3,787 16,106 Gold stock 11,090 — ! - 3 11,090 Special Drawing Rights certificate account 4,718 — + 100 4,718 Treasury currency outstanding 17,204 + 14 + 618 17,216 Total factors supplying reserve funds 231,905 - 456 + 18,467 235,813 Currency in circulation* 192,475 - 332 + 13,615 192,731 Treasury cash holdings* 613 + 8 + 59 613 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,610 + 566 670 2,394 Foreign 266 + 2 + 61 187 Service-related balances and adjustments3 1,757 + 39 + 219 1,537 Other 427 - 263 46 377 Other F.R. liabilities and capital 6,278 + 94 _+ 16_ 6,144 Total factors, other than reserve balances, absorbing reserve funds 205,426 + 115 + 13,254 203,983 -Reserve balances with F.R. Banks • 26,479 - 571 -1- 5,213 31,830 On March 26, 1986 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 135,222 million, a decrease of $ 1,379 million for the week. 1 Net of $ 5,189 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 4,677 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 4,677 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4,677million was with foreign official and international accounts. Includes $ 258 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,537 million and adjustments of $ 220 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 26, 1986 March 19, 1986 Marc h 27. 1985 _ ASSETS Gold certificate account 11,090 «. 3 Special Drawing Rights certificate account 4,718 — + 100 Coin 562 - 20 + 14 Loans 895 + 193 + 510 Acceptances- Held under repurchase agreements mmmm Federal agency obligations- Bought outright 8,187 ___ _ 185 Held under repurchase agreements1 1,035 + 1,035 + 1,035 U.S. government securities: Bought outright—Bills 81,715 + 123 + 12,060 NNootteess 6677,,339977 — ++ 1,327 BBoonnddss 2244,,997766 ++ 1,532 He TT ld oo tt u aa n ll d bb e oo r uu r gg e hh p tt u oo rc uu h ttrr a ii s gg e hh tt a ?? g reements1 1177 2 44 , ,, 6 00 2 88 4 88 + ++ 222,,,666 1 222 2 444 3 +++ ++ 1111 2222 4444 ,,,, ,,,, 6666 9999 2222 1111 4444 9999 Total U.S. government securities 176,712 4. 222jjj___777444___777 +++ 11117777,,,,555544443333 Total loans and securities 186,829 + 3,975 + 18,903 Items in process of collection (1,033) 5,678 - 1,246 751 Bank premises Other assets3 Dl / "~ 1 + 41 TOTAL ASSETS 15^489 + 673 + 3,952 (1,033) 224,983 + 3,381 + 22,256 LIABILITIES Federal Reserve notes 176,690 _ 45 + 13,175 Deposits: Depository institutions 33,367 + 3,214 + 11,270 U.S. Treasury—general account 2,394 + 954 1,810 Foreign—official accounts 187 61 29 Other 377 _ 151 62 Total deposits 36,325 + 3,956 + 9,369 Deferred credit items (1,033' ) 5,824 698 331 Other liabilities and accrued dividends4 2,195 + 142 217 TOTAL LIABILITIES (1,033 ) 221,034 + 3,355 + 21,996 CAPITAL ACCOUNTS Capital paid in 1,820 •f 4 + 135 Surplus 1,781 + 157 Other capital accounts i T 348 + 22 32 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 $ 4,677 million matched sale-purchase transactions outstanding at the end of the latest atatement week. Includes $258 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 $ 63 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 26, 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 |Weekiy changes Within 15 days 889 — 8,800 + 70 1,281 + 1,012 16 days to 90 days 6 — 42,426 + 627 617. _ 39 91 days to 1 year — — 56,049 + 2,050 1,844 + 112 Over 1 year to 5 years — — 32,315 —. 3,793 _ 60 Over 5 years to 10 years — — 15,113 _~ 1,263 + 10 Over 10 years --5555 2222,,000099 — 442244 Total 889955 117766,,771122 ++ 2,747 99,,222222 ++ 1,035 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 26, 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 ci n s 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 562 39 22 32 19 97 64 38 31 28 55 44 93 Loans 895 13 16 168 2 227 2 20 17 8 177 239 6 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 1,035 1,035 U.S. government securities: Bought outright-Bills 81,715 4,774 27,256 2,862 4,777 7,207 2,503 9,002 2.372 1,077 3,645 5,282 10.958 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 2 174,088 10,170 58,067 6,097 10,177 15,355 5,332 19,179 5,054 2,294 7,765 11,252 23,346 Held under repurchase agreements 1 2,624 2,624 Total U.S. government securities 176,712 10,170 60,691 6,097 10,177 15,355 5,332 19,179 5,054 2,294 7,765 11,252 23,346 Total loans and securities 186,829 10,661 64,473 6,552 10,657 16,304 5,585 20,101 5.309 2,410 8,307 12,020 24,450 Items in process of collection 6,711 332 278 349 333 400 773 457 481 393 1,167 518 1,230 Bank premises 617 93 31 48 29 101 49 24 18 24 45 19 136 Other assets 3 15,489 455 3,403 500 692 726 791 4,724 369 323 525 1,219 1,762 Interdistrict settlement account -0- + 743 - 5,772 - 602 + 326 - 198 +2,034 +1,296 + 598 + 569 - 972 - 648 +2,626 TOTAL ASSETS 226,016 13,262 67,066 7,557 12,961 18,825 9,901 28,711 7,320 3,966 10.007 14,192 32,248 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 $ 4,677 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 258 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 $ 63 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 26, 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 176,690 10,984 52,691 5,606 11,085 16,069 6,134 23,833 5.771 2,811 7.492 10,725 23,489 Deposits: Depository institutions 33,367 1,628 9,182 1,398 1,208 1,972 2,637 3.520 894 614 1,110 2,504 6,700 U.S. Treasury—general account 2,394 2,394 Foreign-official accounts 187 5 74 7 9 8 12 20 4 5 7 12 24 Other 377 1 243 1 45 1 78 1 2 1 3 Total deposits 36,325 1,634 11,893 1,406 1,218 2,025 2,650 3.618 899 619 1.119 2,517 6,727 Deferred credit Items 6,857 394 734 289 295 330 732 490 466 382 1,124 488 1,133 Other liabilities and accrued dividends ' 2,195 125 740 78 130 186 72 244 63 33 96 139 289 TOTAL LIABILITIES 222,067 13,137 66.058 7,379 12,728 18,610 9.588 28.185 7,199 3.845 9,831 13,869 31,638 CAPITAL ACCOUNTS Capital paid in 1,820 53 452 84 109 93 152 245 56 59 82 152 283 Surplus 1,781 53 439 83 107 91 147 241 54 58 80 148 280 Other capital accounts 348 19 117 11 17 31 14 40 11 4 14 23 47 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 226,016 13,262 67,066 7,557 12,961 18.825 9.901 28,711 7,320 3.966 10,007 14.192 32,248 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 211,248 13,845 58,048 7,904 12,745 18,085 10.786 26,146 7,279 3.464 11,441 12,668 28.837 Less—Held by F.R. Banks 34,558 2,861 5,357 2,298 1,660 2,016 4.652 2.313 1,508 653 3.949 1,943 5,348 F.R. notes, net 176,690 1100,,998844 5522,,669911 55,,660066 1111,,008855 1166,,006699 66,,113344 2233,,883333 55,,777711 22..881111 77,,449922 1100,,772255 23,489 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 160,882 Total collateral 176,690 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