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 29,. 1986 Averages of daily figures (milli ons of dollars) RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt FF..RR BBaannkkss,, RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss MMaa WW yy ee ee 22 kk 88 ,, ee nnddeedd Change from week ended Wednesday yy ''11998866 May 21'lQPfi May 29 ' 1QR5 !Mjy 28'19B6 Reserve Bank credit: 1-2 204,426 - 155 + 18,658 209,431 U.S. government securities- Bought outright—system account 179,449 + 584 + 15,226 181,499 Held under repurchase agreements — - 1,064 — — Federal agency obligations- Bought outright 8,137 — - 226 8,137 Held under repurchase agreements — - 293 — — Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 890 + 42 - 284 812 Includes: seasonal borrowing of 99 + 6 - 74 92 extended credit of 561 - 10 - 126 574 Float 956 + 535 + 460 3,744 Other F.R. assets 14,995 + 41 + 3,483 15,239 Gold stock 11,085 — - 6 11,085 Special Drawing Rights certificate account 4,818 — + 200 4,818 Treasury currency outstanding 17,296 + 14 + 581 17,308 Total factors supplying reserve funds 237,625 - 141 + 19,433 242,642 Currency in circulation** 197,184 + 764 + 13,218 198,032 Treasury cash holdings** 636 - 2 + 35 636 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,580 - 392 + 335 4,098 Foreign 218 - 3 - 8 279 Service-related balances and adjustments3 1,890 + 75 + 383 1,579 Other 395 - 136 - 92 497 Other F.R. liabilities and capital 6,269 - 63 + 11_ 6,134 Total factors, other than reserve balances, absorbing reserve funds 210,172 + 243 + 13,882 211,255 Reserve balances with F.R. Banks « 27,453 - 385 + 5,551 31,387 On May 28, 1986 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 147,068 million, a decreaseof $ 1,243 million for the week. 1 Net of $ 2,944 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 2,944 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ i036 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of f $ 1,036 million was with foreign official and international accounts. Includes $ 396 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,579 million and adjustments of $ 311 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 2?, 1??£ Mav 21. 1986 , Ma<v 29. 1985.. __ ASSETS Gold certificate account 11,085 — - 6 Special Drawing Rights certificate account 4,818 — + 200 Coin 491 - 22 — Loans 812 - 421 - 607 Acceptances- Held under repurchase agreements __ __ Federal agency obligations- Bought outright 8,137 — - 226 Held under repurchase agreements 1 — - 1,369 — U.S. government securities: Bought outright—Bills 89,126 + 3,203 + 15,221 Notes 67,097 — + 31 Bonds 25,276 — + 1,533 Total bought outright2 181,499 + 3,203 + 16,785 Held under repurchase agreements1 -- 44,,775588 — Total U.S. government securities 181,499 11,,555555 ++ 16,785 Total loans and securities 190,448 _ 3,345 + 15,952 Cash items in process of collection (1,138) 11,852 + 5,399 + 3,574 Bank premises 629 + 48 Other assets 3 14,610 _ 284 + 3,271 TOTAL ASSETS (1,138) 233,933 + 1,748 + 23,039 LIABILITIES Federal Reserve notes 181,851 + 1,307 + 12,632 Deposits: Depository institutions 32,966 - 1,471 + 10,099 U.S. Treasury—general account 4,098 - 88 + 245 Foreign—official accounts 279 + 74 + 56 Other 497 + 96 - 33 Total deposits 37,840 - 1,389 + 10,367 Deferred availability cash items (1,138) 8,108 + 1,931 - 8 Other liabilities and accrued dividends4 2,160 _ 102 _ 175 TOTAL LIABILITIES (1,138) 229,959 + 1,747 + 22,816 CAPITAL ACCOUNTS Capital paid in 1,834 + 1 + 120 Surplus 1,781 — + 155 Other capital accounts 359 — - 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 $ 2,163 million was outstanding at the end of the latest statement week. Net of $ l ,036 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 396 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 28, 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 805 — 12,275 21 221 - 1,395 16 days to 90 days 7 — 43,197 - 1,765 504 - 40 91 days to 1 year — — 55,039 + 231 1,800 + 71 Over 1 year to 5 years — — 33,385 — 3,871 - 31 Over 5 years to 10 years — — 15,294 — 1,317 + 26 Over 10 years ••5555 2222,,330099 — 442244 — Total 88llTT 118811,,449999 - 1,555 88,,113377 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 28, 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 11,085 703 3,147 431 650 959 507 1,394 366 168 598 692 1,470 Special Drawing Rights certif. acct. 4,818 301 1,430 156 301 442 195 630 154 63 208 295 643 Coin 491 32 17 25 33 88 49 27 24 27 51 35 83 Loans 812 15 — 53 4 64 13 20 25 21 351 235 11 Acceptances held under repurchase agreements — — — — — — — "*"• _— Federal 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 — ~ — — — — — — — — — — — U.S. government securities: Bought outright-Bills 89,126 5,278 28,898 2,854 5,234 7,660 3,556 9,939 2,623 1,288 3,661 5,707 12,428 Notes 67,097 3,973 21,756 2,148 3,940 5,767 2,677 7,483 1,975 969 2,756 4,297 9,356 Bonds 25,276 1,497 8,196 809 1,484 2,172 1,009 2,819 744 365 1,038 1,619 3,524 Total bought outright 2 181,499 10,748 58,850 5,811 10,658 15,599 7,242 20,241 5,342 2,622 7,455 11,623 25,308 Held under repurchase agreements 1 — — — — — — — — — — — — — Total U.S. government securities 181,499 10,748 58,850 5,811 10,658 15,599 7,242 20,241 5,342 2,622 7,455 11,623 25,308 Total loans and securities 190,448 11,245 61,488 6,125 11,140 16,362 7,580 21,168 5,606 2,761 8,140 12,379 26,454 Items in process of collection 12,990 767 1,901 555 785 773 1,202 1,389 801 537 1,496 693 2,091 Bank premises 629 93 33 48 29 100 50 26 19 24 45 19 143 Other assets 3 14,610 428 2,918 484 690 668 825 4,528 340 329 501 1,199 1,700 Interdistrict settlement account -0- + 693 -1,346 - 224 + 117 - 262 -1- 572 + 639 - 256 + 257 - 473 - 826 +1,109 TOTAL ASSETS 235,071 14,262 69,588 7,600 13,745 19,130 10,980 29,801 7,054 4,166 10,566 14,486 33,693 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 $2,163 million was outstanding at the end of the latest statement week. 2 Net of $ 1,036 million matched saie-purchase transactions outstanding at the end of the latest statement week. Includes $ 396 million securities Ioaned-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 $ 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 28, 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 181,851 11,509 53,315 5,654 11,672 16,180 6,986 24,955 5,561 2.889 7,872 10,858 24,400 Deposits: Depository institutions 32,966 1,879 8,898 1,285 1,249 1,998 2,694 3,215 708 595 1,070 2,539 6,836 U.S. Treasury—general account 4,098 4,098 Foreign—official accounts 279 5 166 7 9 8 12 20 4 5 7 12 24 Other 497 375 31 1 84 1 3 1 1 Total deposits 37,840 1,884 13,537 1,292 1,258 2,037 2,707 3,319 713 600 1,080 2,552 6,861 Deferred credit items 9,246 615 1,044 404 434 515 869 753 597 519 1,353 616 1,527 .Other liabilities and accrued dividends l 2,160 125 687 71 143 178 99 244 63 36 87 135 292 TOTAL LIABILITIES 231,097 14,133 68,583 7,421 13,507 18,910 10,661 29,271 6,934 4.044 10,392 14,161 33,080 CAPITAL ACCOUNTS Capital paid in 1.834 56 453 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 20 113 12 21 32 19 42 10 5 12 24 49 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 235,071 14,262 69,588 7,600 13,745 19,130 10,980 29,801 7.054 4,166 10,566 14,486 33,693 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 213,981 14,306 58,143 7,646 13,084 18,140 11,924 26,771 7,021 333,,,444777555 111111,,,555444111 111222,,,777999888 29,132 Less-Held by F.R. Banks 32,130 2,797 4,828 1,992 1,412 1,960 4,938 1,816 1,460 555888666 333,,,666666999 111,,,999444000 4,732 181.851 1111,,550099 5533,,331155 55,,665544 1111,,667722 1166,,118800 66,,998866 2244,,995555 55,,556611 222///888888999 """""""""777111***777222 111000,,,888555888——— 24,400 CCoollllaatteerraall hheelldd aaggaaiinnsstt FF..RR.. nnootteess:: GGoolldd cceerrttiiffiiccaattee aaccccoouunntt 11,085 SSppeecciiaall DDrraawwiinngg RRiigghhttss cceerrttiiff.. aaccee 4,818 OOtthheerr eelliiggiibbllee aasssseettss -0- UU..SS.. ggoovvtt,, aanndd aaggeennccyy sseeccuurriittiieess 165,948 TToottaall ccoollllaatteerraall 181,851 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