H.4.1 Factors Affecting Reserve Balances of Depository Institutions

MS^^ix 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 22, 1986 Averages of daily figures (milli ons 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 2211,, 11998866 May 14, 1986 May Tl , 1985 May 21, 1986 Reserve Bank credit: 1 2 204,580 - 520 + 18,530 209,592 U.S. government securities- Bought outright—system account 178,865 + 202 + 14,510 178,296 Held under repurchase agreements 1,064 + 1,064 + 1,064 4,758 Federal agency obligations- Bought outright 8,137 - 29 - 226 8,137 Held under repurchase agreements 293 + 293 + 293 1,369 Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 848 + 42 - 626 1,233 Includes: seasonal borrowing of 93 + 2 - 82 105 extended credit of 571 — + 388 599 Float 396 - 392 - 195 276 Other F.R. assets 14,978 - 1,700 + 3,711 15,523 Gold stock 11,085 — - 6 11,085 Special Drawing Rights certificate account 4,818 + 86 + 200 4,818 Treasury currency outstanding 17,316 + 14 _ + 615 17,328 Total factors supplying reserve funds H 237,799 - 420 + 19,339 242,823 Currency in circulation* 196,453 + 67 + 13,416 196,722 Treasury cash holdings* 638 - 1 + 36 636 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,972 - 619 + 834 4,186 Foreign 221 + 15 - 12 205 Service-related balances and adjustments3 1,815 + 68 + 197 1,609 Other 531 + 76 - 253 401 Other F.R. liabilities and capital 6,332 + 70 _+ 4_ 6,235 Total factors, other than reserve balances, absorbing reserve funds 209,961 - 325 + 14,221 209,994 Reserve balances with F.R. Banks4 27,837 - 95 + 5,115 32,828 On May 21, 1986 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 148,311 million, an increase of $ 2,713 million for the week. 1 Net of $ 3,319 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,319 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 3,934 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 3,934 million was with foreign official and international accounts. Includes $ 787 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,609 million and adjustments of $ 206 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, Wedne sday, May 21, 1986 May 14, 1986 May 22, 1985 ASSETS Qold certificate account 11,085 — - 6 Special Drawing Rights certificate account 4,818 — + 200 Coin 513 - 10 — Loans 1,233 + 421 - 3,536 Acceptances- Held under repurchase agreements Federal agency obligations- Bought outright 8,137 — - 226 Held under repurchase agreements 1 1,369 + 1,369 + 1,369 U.S. government securities: Bought outright—Bills 85,923 - 573 + 12,470 Notes 67,097 - 300 + 31 Bonds 25,276 + 300 + 1,533 Total bought outright? 178,296 _ 573 + 14,034 Held under repurchase agreements1 4,758 + 4,758 + 4,758 Total U.S. government securities 183,054 + 4,185 + 18,792 Total loans and securities 193,793 + 5,975 + 16,399 Items in process of collection (1,154) 6,453 - 680 '977 Bank premises 629 + 4 + 46 Other assets 3 14,894 1,253 + 4,031 TOTAL ASSETS (1,154) 232,185 4,036 + 19,693 LIABILITIES Federal Reserve notes 180,544 + 100 + 12,818 Deposits: Depository institutions 34,437 + 2,278 + 5,679 U.S. Treasury—general account 4,186 + 1,582 + 1,076 Foreign—official accounts 205 - 32 _ 8 Other 401 - 160 _ 71 Total deposits 39,229 + 3,668 + 6,676 Deferred credit items (1,154) 6,177 + 90 + 83 Other liabilities and accrued dividends4 2,262 + 175 110 TOTAL LIABILITIES (1,154) 228,212 + 47033 + 19,467 CAPITAL ACCOUNTS Capital paid in 1,833 + 2 + 123 Surplus 1,781 — + 155 Other capital accounts 359 + 1 - 52 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 S _o- million was outstanding at the end of the latest atatement week. Net of $ 3,934 million matched sale-purchase transactions outstanding at the end of the latest atatement week. Includes $ 787 million securities loaned—fully secured by U.S. government securities. Includes assets denominated in foreign currencies, revalued monthly at market exchange ratea. Included 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 ratea of foreign exchange com mitments. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, May 21, 1986 Acceptances and securities held under repurchaae agreements are claaaifled aa 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 1,232 12,296 + 202 1,616 1,550 16 days to 90 days 1 44,962 + 163 544 181 91 days to 1 year 54,808 743 1,729 Over 1 year to 5 years 33,385 + 77 3,902 Over 5 years to 10 years 15,294 + 186 1,291 Over 10 years 22,309 + 300 424 Total 1,233 183,054 + 4,185 9,506 + 1,369 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 21, 1986 Millions of dollars Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San City Francisco ASSETS Gold certificate account 11,085 703 3,147 431 650 959 507 1,394 366 168 598 692 1,4 70 Special Drawing Rights certif. acct. 4,818 301 1,430 156 301 442 195 630 154 63 208 295 643 Coin 513 34 18 27 34 91 51 30 25 28 53 36 86 Loans 1,233 60 7 39 3 96 15 22 34 19 490 210 238 Acceptances held under repurchase aqreements Fecieial agency obligations: Bought outright 8,137 482 2,638 261 478 699 325 907 239 118 334 521 1,135 Held under repurchase agreements 1 1,369 1,369 U.S. government securities: Bought outright-Bills 85,923 5,088 27,860 2,752 5,046 7,385 3,428 9,582 2,529 1,242 3,529 5,501 11,981 Notes 67,097 3,973 21,756 2,148 3,940 5,767 2,677 7,483 1,975 969 2,756 4,297 9,3 56 Bonds 25,276 1,497 8,196 809 1,484 2,172 1,009 2,819 744 365 1,038 1,619 i, 5 24 Total bought outright 2 178,296 10,558 57,812 5,709 10,470 15,324 7,114 19,884 5,248 2,576 7,323 11,417 24,861 Held under repurchase agreements 1 4,758 4,758 Total U.S. government securities 183,054 10,558 62,570 5,709 10,470 15,324 7,114 19,884 5,248 2,576 7,323 11,417 24,861 Total loans and securities 193,793 11,100 66,584 6,009 10,951 16,119 7,454 20,813 5,521 2,713 8,147 12,148 26,2 34 Items in process of collection 7,607 409 813 372 394 803 766 289 503 399 1,120 474 1,265 Bank premises 629 93 33 48 29 100 49 26 19 24 46 19 143 Other assets 3 14,894 414 3,184 477 657 794 825 4,512 334 323 492 1,187 i ,695 Interdistrict settlement account -0- + 863 -5,308 + 169 + 723 - 169 -f 1,21 7 +1,382 +425 +461 -361 - 007 +1,205 TOTAL ASSETS 233,339 13,917 69,901 7,689 13,739 19,139 11,064 29,076 7,347 4,179 10,303 14,244 32,741 1 Does not include U.S. qovernment and federal agency securities resold under matched sale-purchase transactions to foreign official and international accounts, of which $ _o- million was outstanding at the end of the latest statement week. 2 Net of $ 3,934 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 787 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 21. 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 LIABILITIES Federal Reserve notes 180,544 11,440 53,027 5,602 11,553 16,106 6,922 24.770 5,559 2,869 7,754 10,820 24,122 Deposits: Depository institutions 34,437 1,758 9,724 1,397 1,483 2,227 2,942 2,845 1,107 727 1,191 2,508 6,528 U.S. Treasury—general account 4.186 4.186 Foreign—official accounts 205 5 92 7 9 8 12 20 4 5 7 12 24 Other 401 1 287 34 1 69 1 4 2 2 Total deposits 39,229 1,764 14,289 1,404 1,492 2,269 2,955 2,934 1,112 732 1,202 2,522 6,554 Deferred credit items 7,331 459 799 434 326 365 754 595 492 421 1,083 440 1,163 Other liabilities and accrued dividends 1 2,262 126 779 71 130 180 114 245 63 36 88 135 295 TOTAL LIABILITIES 229.366 13,789 68,894 7,511 13,501 18,920 10,745 28,544 7,226 4,058 10,127 13,917 32.134 CAPITAL ACCOUNTS Capital paid in 1.833 55 453 84 110 97 153 247 56 59 82 153 284 Surplus 1,781 53 439 83 107 91 147 241 54 58 80 148 280 Other capital accounts 359 20 115 11 21 31 19 44 11 4 14 26 43 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 233,339 13,917 69,901 7,689 13.739 19,139 11,064 29,076 7,347 4,179 10,303 14,244 32,741 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 213,680 14,248 58,100 7,686 13,072 18,219 11,914 26,665 7,050 3,490 11,482 12,816 28,938 Less—Held by F R. Banks , 33,136 2,808 5,073 2,084 1,519 2,113 4,992 1,895 1,491 621 3,728 1,996 4,816 F.R. notes, net 180,544 1111,,444400 5533,,002277 55,,660022 1111,,555533 1166,,110066 66,,992222 2244,,777700 55,,555599 22,,886699 77,,775544 1100,,882200 24,122 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 164.641 Total collateral 180,544 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