H.4.1 Factors Affecting Reserve Balances of Depository Institutions

3J§y^&- FEDERAL RESERVE These data are scheduled for release each Thursday. The exact time of each release will be announced, when 41 RE^ 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 June 12, 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 JJuunnee 1111,, 11998866 June 4, 1986 June 12, 1985 June 11, 1986 Reserve Bank credit: 1- * 206,346 - T38~ ~ 17,501 205,705 U.S. government securities- Bought outright—system account 181,811 166 + 15,135 181,150 Held under repurchase agreements — — — — Federal agency obligations- Bought outright 8,137 — - 200 8,137 Held under repurchase agreements — — — — Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 703 149 - 116 750 Includes: seasonal borrowing of 99 4 - 49 96 extended credit of 530 40 + 113 529 Float 719 + 261 - 336 429 Other F.R. assets 14,977 83 + 3,019 15,239 Gold stock 11,085 — - 6 11,085 Special Drawing Rights certificate account 4,818 — + 200 4,818 Treasury currency outstanding 17,324 + 14 + 585 17,336 Total factors supplying reserve funds 239,573 124 + 18,280 238,944 Currency in circulation* 198,646 + 599 + 13,098 198,902 Treasury cash holdings* 636 — + 39 636 Deposits, other than reserve balances, with F.R. Banks: Treasury 2,475 212 + 398 2,996 Foreign 216 24 + 5 208 Service-related balances and adjustments 3 1,783 77 + 114 1,584 Other 420 29 - 6 445 Other F.R. liabilities and capital 6,091 - 53_ - 184 6,174 Total factors, other than reserve balances, absorbing reserve funds 210,267 + 205 + 13,464 210,945 Reserve balances with F.R. Banks4 29,306 329 + 4,816 27,999 On June 11, 1986 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $146,990 million, a decrease of $652 million for the week. 1 Net of $ 3,852 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,852 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 4,660 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4,660 million was with foreign official and international accounts. Includes $ 476 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,584 million and adjustments of $ 199 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 RANKS Millions of dollars _ _ _ _ _ __ Change since ** WWeeddnneessddaayy June 11, 1986 June 4, 1986 June 12, 1985 ASSETS | Qotd certificate account i 11,085 — 5 Special Drawing Rights certificate account 4,818 — + 200 Coin 495 + 13 + 6 Loans 750 - 309 + 62 Acceptances- Held under repurchase agreements — — — Federal agency obligations- Bought outright 8,137 — - 166 Held under repurchase agreements 1 — — — U.S. government securities: Bought outright—Bills 88,777 - 1,540 +12,770 Notes 67,097 — + 31 Bonds 2255,,227766 — + 1,533 Total bought outright^ 118811,,115500 ~ 1,540 +14,334 Held under repurchase agreements1 — — — Total U.S. government securities 181,150 ~ 1,540 +14,334 Total loans and securities 190,037 ~ 1,849 +14,230 Items In process of collection (977) 6,453 - 1,253 - 851 Bank premises 632 — + 50 Other assets 3 14,607 - 393 + 3,310 TOTAL ASSETS (977) 228,127 ~ 3,482 +16,940 LIABILITIES Federal Reserve notes 182,697 + 537 +12,542 Deposits: Depository institutions 29,583 - 5,214 + 3,378 U.S. Treasury—general account 2,996 + 1,644 + 1,218 Foreign—official accounts 208 - 4 + 1 Other 445 + 20 + 13 Total deposits 33,232 _ 3,554 + 4,610 Deferred credit items (977) 6,024 - 747 - 319 Other liabilities and accrued dividends4 2,248 + 70 57 TOTAL LIABILITIES (977) 224,201 - 3,694 +16,776 CAPITAL ACCOUNTS Capital paid in 1,807 + 1 + 90 Surplus 1,780 + 10 + 154 Other capital accounts 339 + 201 80 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 atatement week. Net of $ 4,660 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 476 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 $ 66 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, June 11, 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 718 —. 7,839 -2,425 -0- -40 16 days to 90 days 1 32 — 47,654 +2,615 707 — 91 days to 1 year 1 — 54,615 -1,730 1,896 +73 Over 1 year to 5 years ! — 33,439 — 3,783 -43 Over 5 years to 10 years — — 15,294 — 1,327 +10 Over 10 years — — 22,309 __ 424 — Total 750 181,150 -1,540 8,137 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 June 11, 1986 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco ASSETS Gold certificate account 11,085 703 3,147 431 650 959 507 1,394 366 168 598 692 1,470 Special Drawing Rights cert if. acct. 4,818 301 1,430 156 301 442 195 630 154 63 208 295 643 Coin 495 28 14 23 43 90 52 25 24 28 50 36 82 Loans 750 15 — 18 4 70 10 87 26 24 343 150 3 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 88,777 5,257 28,785 2,843 5,214 7,630 3,542 9,900 2,613 1,283 3,647 5,684 12,379 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 2 181,150 10,727 58,737 5,800 10,638 15,569 7,228 20,202 5,332 2,617 7,441 11,600 25,259 Held under repurchase agreements 1 — — — — — — — — — — — — — Total U.S. government securities 181,150 10,727 58,737 5,800 10,638 15,569 7,228 20,202 5,332 2,617 7,441 11,600 25,259 Total loans and securities 190,037 11,224 61,375 6,079 11,120 16,338 7,563 21,196 5,597 2,759 8,118 12,271 26,397 Items in process of collection 7,430 406 717 385 426 356 704 562 535 399 1,095 456 1,389 Bank premises 632 93 33 48 29 100 51 28 19 24 45 19 143 Other assets 3 14,607 428 2,924 482 672 676 825 4,539 339 325 503 1,202 1,692 Interdistrict settlement account -0- + 321 -2,809 - 151 + 365 + 469 + 737 + 980 + 70 + 280 - 378 -1,043 +1,159 TOTAL ASSETS 229,104 i 13,504 66,831 7,453 13,606 19,430 10,634 29,354 7,104 4,046 10,239 13,928 32,975 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 $ 4,660 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 476 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 $ 66 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 June 11, 1936 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City Francisco LIABILITIES Federal Reserve notes 182,697 11,491 53,536 5,661 11,758 16,286 6,670 25,224 5,634 2,900 7,959 11,033 24,545 Deposits: Depository institutions 29,583 1,347 7,407 1,182 1,118 2,363 2,865 2,681 777 591 960 1,967 6,325 U.S. Treasury—general account 2,996 2,996 Foreign—official accounts 208 5 95 7 9 8 12 20 4 5 7 12 24 Other 445 309 1 2 43 2 81 3 3 1 Total deposits 33.232 1,352 10,807 1,190 1,129 2,414 2,879 2,782 781 596 970 1,982 6,350 Deferred credit items 7,001 405 778 357 296 330 662 559 504 395 1,046 454 1,215 Other liabilities and accrued dividends 1 2,248 126 703 72 187 180 102 256 64 35 89 136 298 TOTAL LIABILITIES 225,178 13,374 65,824 7,280 13,370 19,210 10,313 28,821 6,983 3,926 10,064 13,605 32,408 CAPITAL ACCOUNTS Capital paid in 1,807 56 454 85 110 97 155 248 57 59 83 154 249 Surplus 1,780 53 439 83 107 91 147 241 53 58 80 148 280 Other capital accounts 339 21 114 5 19 32 19 44 11 3 12 21 38 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 229,104 13,504 66,831 7,453 13,606 19,430 10,634 29,354 7,104 4,046 10,239 13,928 32,975 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 214,779 14,285 58,446 7,663 13,173 18,188 11,728 27,132 6,970 3,453 11,481 12,886 29,374 Less-Held by F.R. Banks 32,082 2,794 4,910 2,002 1,415 1,902 5,058 1,908 1,336 553 3,522 1,853 4,829 F.R. notes, net 182,697 1111,,449911 5533,,553366 55,,666611 1111,,775588 1166,,228866 66,,667700 2255,,222244 55,,663344 22,,990000 77,,995599 1111,,003333 24,545" 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 166,794 Total collateral 182,697 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