H.4.1 Factors Affecting Reserve Balances of Depository Institutions

.-:^|g^:-. FEDERAL RESERVE These data are scheduled for release each Thursday. The exact time of each release will be announced, when •••f^fHs^rthe information is available, on (202) 452-3206. H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks July 3, 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 JJuullyy 22,, 11998866 June 25, 1986 July 3, 1985 July 2, 1986 Reserve Bank credit: 1 2 207,846 + 591 + 16,505 209,883 U.S. government securities- Bought outright—system account 183,004 + 859 + 15,183 182,818 Held under repurchase agreements — — 542 — Federal agency obligations- Bought outright 8,137 — 166 8,137 Held under repurchase agreements — — 140 — Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 974 + 190 624 969 Includes: seasonal borrowing of 116 - 5 41 105 extended credit of 519 - 12 228 486 Float 163 - 629 553 1,719 Other F.R. assets 15,568 + 171 + 3,347 16,240 Gold stock 11,084 — 6 11,084 Special Drawing Rights certificate account 4,818 — + 200 4,818 Treasury currency outstanding 17,354 + 14 + 583 17,366 Total factors supplying reserve funds 241,102 + 605 + 17,282 243,151 Currency in circulation* 199,372 + 943 + 12,795 200,989 Treasury cash holdings* 636 + 50 636 Deposits, other than reserve balances, with F.R. Banks: Treasury 2,790 - 638 - 1,619 3,878 Foreign 239 - 2 40 246 Service-related balances and adjustments3 1,948 + 17 + 278 1,593 Other 500 - 8 + 165 491 Other F.R. liabilities and capital 6,354 - 28 + 63 6,255 Total factors, other than reserve balances, absorbing reserve funds 211,839 + 284 + 11,692 214,088 Reserve balances with F.R. Banks4 29,264 + 322 + 5,591 29,063 On July 2, 1986 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 149,983 million, an increase of $4,024 million for the week. 1 Net of $ 3,551 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,551 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 3,790 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 3,790 million was with foreign official and international accounts. Includes $ 105 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,593 million and adjustments of $ 355 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 ** July 2, 1986 June 25, 1986 July 3, 1985 ASSETS Gold certificate account 11,084 — 6 Special Drawing Rights certificate account 4,818 + 200 Coin 469 23 + 6 Loans 969 + 172 3,090 Acceptances- Held under repurchase agreements Federal agency obligations- 8,137 166 Bought outright Held under repurchase agreements'! U.S. government securities: 90,445 925 + 14,158 Bought outright—Bills 67,097 + 31 Notes 25,276 + 1,533 Bonds 182,818 + 925 + 15,722 Total bought outright2 — — Held under repurchase agreements1 182,818 + 925 + 15,772 Total U.S. government securities 191,924 + 1,097 + 12,466 Total loans and securities (1,283) 8,685 + 2,607 + 705 Cash items in process of collection 634 + 49 Bank premises 15,606 + 328 + 3,975 Other assets3 (U283) 233,220 4,009 + 17,395 TOTAL ASSETS LIABILITIES Federal Reserve notes 184,728 2,435 12,088 Deposits: Depository institutions 30,656 - 814 + 4,807 U.S. Treasury—general account 3,878 + 1,032 + 162 Foreign—official accounts 246 + 6 + 51 Other 491 + 28 + 187 Total deposits 35,271 + 252 + 5,207 Deferred availability cash items (1.283) 6,966 + 1,251 - 64 Other liabilities and accrued dividends4 2,139 - 97 - 114 TOTAL LIABILITIES (1,283) 229,104 + 3,841 + 17,117 CAPITAL ACCOUNTS _ Capital paid in 1,806 1 + 83 Surplus 1,780 - 1 + 154 Other capital accounts 530 + 170 + 41 * 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 $ 1,737 million was outstanding at the end of the latest statement week. 2 Net of $3,790 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $105 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 $64 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,J "ly 2> 1986 Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximur maturity of the agreements. U.S. government securities Federal agency obligation' LLooaannss AAcccceeppttaanncceess Holdings | Weekly changes Holdings [Weekly char Within 15 days 923 — 8,848 - 281 22 14 16 days to 90 days 46 — 45,701 + 948 601 + 1 91 days to 1 year — — 57,066 + 97 1,998 + 12 Over 1 year to 5 years — — 33,600 + ' 161 3,765 - Over 5 years to 10 years — — 15,294 — 1,327 - Over 10 years 2222,,330099 — 442244 - ______ Total ""996699 118822,,881188 + 925 88,,113377 • 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 July 2, 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 11,084 703 3,146 431 650 959 507 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 469 24 18 24 31 86 49 23 22 25 50 37 80 Loans 969 24 13 12 4 127 14 41 23 33 373 146 159 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 90,445 5,356 29,326 2,896 5,312 7,773 3,609 10,086 2,662 1,307 3,715 5,791 12,612 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 2 182,818 10,826 59,278 5,853 10,736 15,712 7,295 20,388 5,381 2,641 7,509 11,707 25,492 Held under repurchase agreements 1 — — — — — — — — — — — — — Total U.S. government securities 182,818 10,826 59,278 5,853 10,736 15,712 7,295 20,388 5,381 2,641 7,509 11,707 25,492 Total loans and securities 191,924 11,332 61,929 6,126 11,218 16,538 7>634 21,336 5,643 2,792 8,216 12,374 26,786 items in process of collection 9,968 783 1,066 434 458 535 893 1,229 677 468 1,269 547 1,609 Bank premises 634 93 33 47 29 100 50 29 19 24 45 19 146 Ither assets 3 15,606 452 3,594 567 687 705 845 4,552 350 333 525 1,224 1,772 nterdistrict settlement account -0- + 367 -1,708 + 228 + 31 + 566 + 841 + 535 1 + 431 - 473 - 854 + 37 TOTAL ASSETS 234,503 14,055 69,508 8,013 13,405 19,931 11,014 29,728 7,230 4,304 10,438 14,334 32,543 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 $ 1,737 million was outstanding at the end of the latest statement week. 2 Net of $ 3,790 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 105 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 $ 64 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 July 2, 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 184,728 11,695 54,339 5,787 11,554 16,812 6,767 25,126 5,523 2,903 7,999 11,328 24,895 Deposits: Depository institutions 30,656 1,622 8,183 1,361 1,153 2,288 3,039 3,074 900 753 937 2,031 5,315 U.S. Treasury—general account 3,878 3,878 Foreign—official accounts 246 5 133 7 9 8 12 20 4 5 7 12 24 Other 491 4 357 1 36 2 83 1 2 4 1 Total deposits 35,271 1,631 12,551 1,368 1,163 2,332 3,053 3,177 905 758 946 2,047 5,340 Deferred credit items 8,249 472 889 587 316 380 763 626 614 481 1,220 484 1,417 Other liabilities and accrued dividends 1 2,139 123 678 87 125 178 95 242 61 35 89 133 293 TOTAL LIABILITIES 230,387 13,921 68,457 7,829 13,158 19,702 10,678 29,171 7,103 4,177 10,254 13,992 31,945 CAPITAL ACCOUNTS Capital paid in 1,806 56 455 82 110 97 156 248 57 59 83 154 249 Surplus 1,780 53 439 82 107 91 147 241 54 58 80 148 280 Other capital accounts 530 25 157 20 30 41 33 68 16 10 21 40 69 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 234,503 14,055 69,508 8,013 13,405 19,931 11,014 29,728 7,230 4,304 10,438 14,334 32,543 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 216,186 14,352 58,912 7,806 13,019 18,699 11,629 27,106 6,910 3,478 11,467 13,226 29,582 Less-Held by F.R. Banks 31.458 2,657 4,573 2,019 1,465 1,887 4,862 1,980 1,387 575 3,468 1,898 4,687 F.R. notes, net 184.728 1111,,669955 5544,,333399 55,,778877 1111,,555544 1166,,881122 66,,776677 2255,,112266 55,,552233 22,,990033 77,,999999 1111,,332288 24,895 Collateral held against F.R. notes: Gold certificate account 11.084 Special Drawing Rights certif. ace 4.818 Other eligible assets -0- U.S. govt, and agency securities 168,826 Total collateral 184,728 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