H.4.1 Factors Affecting Reserve Balances of Depository Institutions

oOfCpV/i FEDERAL RESERVE These data are scheduled for release each Thursday. The exact time of each release will be announced, when r$8MS£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 15, 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 MMaayy 1144,, 11998866 May 7, 1986 May 15, 1985 May 14, 1986 Reserve Bank credit: 1.2 205,100 - 3,953 + 17,091 205,636 U.S. government securities- Bought outright—system account 178,663 - 526 + 13,794 178,869 Held under repurchase agreements — - 2,957 — — Federal agency obligations- Bought outright 8,166 - 21 - 198 8,137 Held under repurchase agreements — - 639 — — Acceptances- Bought outright — — ""•• — Held under repurchase agreements — — — — Loans to depository institutions 806 ~" 99 — 587 812 Includes: seasonal borrowing of 91 + 4 — 55 89 extended credit of 571 - 13 + 17 573 Float 788 + 146 + 199 1,046 Other F.R. assets 16,678 + 143 + 3,885 16,772 Gold stock 11,085 - 3 - 6 11,085 Special Drawing Rights certificate account 4,732 + 14 + 114 4,818 Treasury currency outstanding 17,302 + 14 + 615 17,314 Total factors supplying reserve funds 238,219 - 3,928 + 17,814 238,853 Currency in circulation* 196,392 + 1,207 + 13,492 196,601 Treasury cash holdings* 634 - 2 + 34 634 Deposits, other than reserve balances, with F.R. Banks: Treasury 4,591 - 2,655 - 2,292 2,604 Foreign 206 + 11 - 35 237 Service-related balances and adjustments 3 1,745 — + 229 1,607 Other 455 - 118 - 192 561 Other F.R. liabilities and capital 6,262 - 496 - 28 6,057 Total factors, other than reserve balances, absorbing reserve funds 210,285 - 2,053 + 11,207 208,301 Reserve balances with F.R. Banks « 27,934 - 1,875 + 6,606 30,552 On May 14, 1986 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $145,598 million,a decrease of $ 189 million for the week. 1 Net of $ 3,484 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $3,484 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 3,277 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 3,277 million was with foreign official and international accounts. Includes $261 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1»607 million and adjustments of $ 138 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, May 14, 1986 May 7, 1986 May 15, 1985 ASSETS Gold certificate account 11,085 — - 6 Special Drawing Rights certificate account 4,818 + 100 + 200 Coin 523 - 4 - 2 Loans 812 - 87 - 672 Acceptances- Held under repurchase agreements — — — Federal agency obligations- Bought outright 8,137 - 50 226 Held under repurchase agreements 1 — — — U.S. government securities: Bought outright—Bills 86,496 - 2,491 + 13,093 Notes 67,397 — + 331 Bonds 2244,,997766 — ++ 1,233 Total bought outright^ 117788,,886699 2,491 ++ 14,657 Held under repurchase agreements 1 — — — Total U.S. government securities 178,869 2,491 ++ 14,657 Total loans and securities 187,818 - 2,628 + 13,759 Items in process of collection (1,081) 7,133 - 577 - 3,711 Bank premises 625 + 1 + 43 Other assets 3 16,147 + 197 + 5,332 TOTAL ASSETS (1,081) 228,149 - 2,911 + 15,615 LIABILITIES Federal Reserve notes 180,444 + 628 + 12,903 Deposits: Depository institutions 32,159 - 1,603 + 8,353 U.S. Treasury—general account 2,604 - 1,399 - 810 Foreign—official accounts 237 + 43 - 82 Other 561 + 108 - 908 Total deposits 35,561 - 2,851 + 6,553 Deferred credit items (1,081) 6,087 - 611 - 3,775 Other liabilities and accrued dividends4 2,087 - 29 - 288 TOTAL LIABILITIES (1,081) 224,179 - 2,863 + 15,393 CAPITAL ACCOUNTS Capital paid in 1,831 + 2 + 120 Surplus 1,781 + 155 Other capital accounts 358 -_ 50 53 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 $ 3,277 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $261 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 $ 57 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, May 14, 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 790 — 11,094 - 2,167 66 + 16 16 days to 90 days 22 — 41,799 + 1,341 725 + 24 91 days to 1 year — — 55,551 - 1,665 1,729 - 90 Over 1 year to 5 years — — 33,308 — 3,902 Over 5 years to 10 years — — 15,108 — 1,291 — Over 10 years 8l2 Hi 22,009 — 424 — Total 8l2 178,869 8,137 Hi 22,009 424 178,869 2,491 8,137 50 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 14, 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. 4,818 301 1,430 156 301 442 195 630 154 63 208 295 643 Coin 523 35 19 29 37 92 54 28 26 29 53 36 85 Loans 812 15 38 106 14 15 19 20 359 192 34 Acceptances held under repurchase agreements Federal agency obligations: Bought outright 8,137 475 2,714 285 476 718 249 897 236 107 363 526 1,091 Held under repurchase agreements 1 U.S. government securities: Bought outright—Bills 86,496 5,053 28,851 3,029 5,056 7,629 2,649 9,529 2,511 1,140 3,858 5,591 11,600 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 2 178,869 10,449 59,662 6,264 10,456 15,777 5,478 19,706 5,193 2,357 7,978 11,561 23,988 Held under repurchase agreements 1 Total U.S. government securities 178,869 10,449 59,662 6,264 10,456 15,777 5,478 19,706 5,193 2,357 7,978 11,561 23,988 Total loans and securities 187,818 10,939 62,376 6,587 10,932 16,601 5,741 2200,,661188 55,,444488 22,,448844 88,,770000 1122,,227799 25,113 Items in process of collection 8,214 386 927 404 868 388 661 668800 559988 441188 11,,113333 447722 1,279 Bank premises 625 93 33 48 29 100 49 2266 1199 2244 4455 1199 140 Other assets 3 16,147 509 3,445 549 771 808 851 44,,770066 338844 334477 558822 11,,330000 1,895 Interdistrict settlement account -0- + 739 -4,478 - 656 + 138 - 237 +2,672 ++ 559933 ++ 7711 ++ 665544 --11,,118866 -- 779977 -1-2,487 TOTAL ASSETS 229,230 13,660 67,024 7,600 13,711 19,163 10,636 2288,,773322 77,,005577 44,,117755 1100,,115522 1144,,331177 33,003 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 $ 3,27 7 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 261 million securities loaned-fully secured by U.S. qovernment securities. 3 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes special investment account at Chicago of $ 57 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 14, 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 180,444 11,556 53,191 5,598 11,438 16,333 6,346 24,827 5,622 2,889 7,738 10,854 24,052 Deposits: Depository institutions 32,159 1,418 8,144 1,394 1,598 2,022 3,225 2,461 741 704 1,033 2,544 6,875 U.S. Treasury—general account 2,604 2,604 Foreign-official accounts 237 5 124 7 9 8 12 20 4 5 7 12 24 Other 561 434 1 51 1 69 1 2 1 1 Total deposits 35,561 1,423 11,306 1,401 1,608 2,081 3,238 2,550 746 709 1,042 2,557 6,900 Deferred credit items 7,168 435 821 348 308 355 661 584 508 425 1,104 448 1,171 Other liabi ities and accrued dividends 1 2,087 118 696 74 121 177 76 240 60 30 91 132 272 TOTAL LIABILITIES 225,260 13,532 66,014 7,421 13,475 18,946 10,321 28,201 6,936 4,053 9,975 13,991 32,395 CAPITAL ACCOUNTS Capital paid in 1,831 55 453 84 109 96 154 247 56 59 82 153 283 Surplus 1,781 53 439 83 107 91 147 241 54 58 80 148 280 Other capital accounts 358 20 118 12 20 30 14 43 11 5 15 25 45 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 229,230 13,660 67,024 7,600 13,711 19,163 10,636 28,732 7,057 4,175 10,152 14,317 33,003 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 212,848 14,346 58,169 7,696 12,854 18,259 11,261 26,660 7,066 3,449 11,440 12,850 28,798 Less-Held by F.R. Banks 32,404 2,790 4,978 2,098 1,416 1,926 4,915 1,833 1,444 560 3,702 1,996 4,746 F.R. notes, net 180,444 1111,,555566 5533,,119911 55,,559988 1111,,443388 1166,,333333 66,,334466 2244,,882277 55,,662222 22,,888899 77,,773388 1100,,885544 24,052 Collateral held against F.R. notes: Gold certificate account 11,085 Special Drawing Rights certif. ace 4,818 Other eligible assets -0- U.S. govt, and agency securities 164,541 Total collateral 180,444 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