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 May 8, 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 ""**yy 77ss 11998866 April JU, 1986 May 8, 1985 MM33yy ??''11998866 Reserve Bank credit: 1 2 209,066 + 4,378 + 13,474 208,032 U.S. government securities- Bought outright—system account 179,189 + 3,086 + 11,025 181,360 Held under repurchase agreements 2,957 + 709 1,460 Federal agency obligations- Bought outright 8,187 184 8,187 Held under repurchase agreements 639 + 141 + 296 Acceptances- Bought outright Held under repurchase agreements Loans to depository institutions 905 152 + 271 899 Includes: seasonal borrowing of 87 4 77 77 extended credit of 584 106 + 465 608 Float 644 + 123 52 1,012 Other F.R. assets 16,546 + 472 + 3,579 16,574 Gold stock 11,088 2 3 11,085 Special Drawing Rights certificate account 4,718 + 100 4,718 Treasury currency outstanding 17,288 + 14 + 613 17,300 Total factors supplying reserve funds 242,160 + 4,391 + 14,184 241,135 Currency in circulation* 195,248 + 1,217 + 13,332 196,016 Treasury cash holdings* 573 65 24 573 Deposits, other than reserve balances, with F.R. Banks: Treasury 7,246 + 477 5,311 4,003 Foreign 195 51 24 194 Service-related balances and adjustments 3 1,745 + 9 + 242 1,592 Other 573 + 159 + 31 453 Other F.R. liabilities and capital 6,758 + 370 + 375 6,134 Total factors, other than reserve balances, absorbing reserve funds 212,338 + 2,115 + 8,621 208,965 Reserve balances with F.R. Banks 4 29,822 + 2,276 + 5,563 32,170 On May 7, 1986 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 145,787 million, a decreaseof $ 214 million for the week. 1 Net of $ 2,885 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 2,885 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 786 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 786 million was with foreign official and international accounts. Includes $ 295 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ l ,592 million and adjustments of $ 153 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 Wednesday Wednesday, Wednesday, May 7, 1986 April 30, 1986 May 8, 1985 ASSETS Gold certificate account 11,085 6 Special Drawing Rights certificate account 4,718 100 Coin 527 3 9 Loans 899 55 472 Acceptances- Held under repurchase agreements Federal agency obligations- 8,187 184 Bought outright 1,433 214 Held under repurchase agreements1 U.S. government securities: 88,987 + 7,048 + 12,136 Bought outright—Bills 67,397 + 128 Notes 24,976 + 1,436 Bonds 181,360 + 7,048 + 13,700 Total bought outright2 Held under repurchase agreements1 - 7,522 - 2,141 Total U.S. government securities 181,360 - 474 + 11,559 Total loans and securities 190,446 - 1,962 + 11,633 Cash items in process of collection (1,128) 7,710 - 88 + 762 Bank premises 624 + 1 + 46 Other assets 3 15,950 - 662 + 3,377 TOTAL ASSETS (1,128) 231,060 - 2,718 + 15,903 LIABILITIES Federal Reserve notes 179,816 + 1,398 + 12,777 Deposits: Depository institutions 33,762 + 4,351 + 6,355 U.S. Treasury—general account 4,003 - 7,547 - 3,523 Foreign—official accounts 194 - 132 - 73 Other 453 + 12 - 51 Total deposits 38,412 - 3,316 + 2,708 Deferred availability cash items Other liabilities and accrued dividends4 (1,128) 6,698 - 249 + 470 2,116 - 101 - 322 TOTAL LIABILITIES (1,128) 227,042 2,268 15,633 CAPITAL ACCOUNTS Capital paid in 1,829 + 124 Surplus 1,781 + 155 Other capital accounts 408 451 9 * 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 $ 2,554 million was outstanding at the end of the latest statement week. 2 Net of $ 786 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 295 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. 4 Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange com mitments. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, May 7, 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 874 — 13,261 - 195 50 - 1,541 16 days to 90 days 25 — 40,458 + 698 701 + 84 91 days to 1 year — — 57,216 - 977 1,819 + 24 Over 1 year to 5 years — — 33,308 3,902 ___ Over 5 years to 10 years — — 15,108 1,291 Over 10 years — — 22,009 — 424 Total 899 — 181,360 - 474 8,187 - 1,433 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 May 7, 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 11,085 658 3,272 483 635 969 413 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 527 36 20 29 37 93 52 30 27 28 54 36 85 Loans 899 18 — 42 — 109 8 91 16 20 391 192 12 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 88,987 5,198 29,682 3,116 5,202 7,848 2,726 9,804 2,583 1,173 3,969 5,752 11,934 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 2 181,360 10,594 60,493 6,351 10,602 15,996 5.555 19,981 5,265 2,390 8.089 11,722 24,322 Held under repurchase agreements 1 — — — — — — — — — — — — — Total U.S. government securities 181,360 10,594 60,493 6,351 10,602 15,996 5,555 19,981 5,265 2,390 8,089 11.722 24,322 Total loans and securities 190,446 11,090 63,224 6,680 11,080 16,827 5,814 20,974 5,519 2,518 8,845 12,443 25,432 Items in process of collection 8,838 510 873 513 431 545 784 878 533 431 1,308 534 1,498 Bank premises 624 93 33 48 29 100 49 25 19 24 45 19 140 Other assets 3 15,950 498 3,383 544 750 791 842 4,661 376 345 571 1,287 1,902 Interdistrict settlement account -0- + 951 -3,613 - 811 67 - 213 +2,322 + 553 + 337 + 566 -1,204 -1,463 +2,642 TOTAL ASSETS 232,188 "14,117 68,546 7,681 13,165 19,538 10,468 29,192 7,325 4,131 10,499 13,876 33,650 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 $2, 554 million was outstanding at the end of the latest statement week. 2 Net of $ 786 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 295 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 May 7, 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 179,816 11.511 53,124 5,571 11.227 16.380 6,364 24,490 5,668 2.881 7,583 10,883 24,134 Deposits: Depository institutions 33,762 1,897 8.419 1,458 1.230 2.265 2,975 3,178 972 666 1,360 2,064 7,278 U.S. Treasury-general account 4,003 4,003 Foreign—official accounts 194 4 81 7 9 8 12 20 5 5 7 12 24 Other 453 1 318 1 52 75 2 1 2 Total deposits 38,412 1,902 12,821 1,465 1.240 2.325 2.988 3,273 977 671 1,369 2,077 7,304 Deferred credit items 7,826 456 883 393 338 384 726 665 499 425 1,277 458 1,322 Other liabilities and accrued dividends 1 2.116 121 706 75 123 178 75 237 61 33 93 133 281 TOTAL LIABILITIES 228,170 13,990 67,534 7,504 12.928 19,267 10.153 28,665 7,205 4,010 10,322 13,551 33,041 CAPITAL ACCOUNTS Capital paid in 1,829 55 453 84 109 95 153 246 56 59 82 153 284 Surplus 1,781 53 439 83 107 91 147 241 54 58 80 148 280 Other capital accounts 408 19 120 10 21 85 15 40 10 4 15 24 45 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 232,188 14,117 68,546 7,681 13,165 19,538 10,468 29,192 7.325 4,131 10,499 13,876 33,650 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 212,372 14.297 58,150 7,752 12,654 18.247 11.279 26,390 7,073 3,460 11,287 12,783 29,000 Less-Held by F.R. Banks 32,556 2.786 5,026 2.181 1,427 1,867 4,915 1,900 1,405 579 3,704 1,900 4,866 F. R. notes, net 179,816 1111,,551111 5533..112244 55..557711 1111,,222277 1166,,338800 66,,336644 2244,,449900 55..666688 22..888811 77,,558833 1100,,888833 24,134 Collateral held against F.R. notes: Gold certificate account 11,085 Special Drawing Rights certif. ace 4,718 Other eligible assets -0- U.S. govt, and agency securities 164,013 Total collateral 179,816 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