H.4.1 Factors Affecting Reserve Balances of Depository Institutions

.-O^GO^. 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 July 17, 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 1166.. 11998866 July 9, 1986 July 17, 1985 July 16, 1986 Reserve Bank credit: 1 2 213,455 + 1,377 +19,860 217,128 U.S. government securities- Bought outright—system account 183,845 + 2,021 +14,290 183,050 Held under repurchase agreements 3,187 541 + 1,884 5,463 Federal agency obligations- Bought outright 8,137 — 166 8,137 Held under repurchase agreements 1,121 + 275 + 878 1,671 Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 824 + 132 - 347 1,911 Includes: seasonal borrowing of 101 5 50 111 extended credit of 421 42 102 235 Float 272 526 390 269 Other F.R. assets 16,070 + 19 + 3,713 16,627 Gold stock 11,084 — 6 11,084 Special Drawing Rights certificate account 4,818 — + 200 4,818 Treasury currency outstanding 17,382 + 14 + 591 17,394 Total factors supplying reserve funds 246,739 + 1,391 +20,645 250,424 Currency in circulation* 201,542 262 +13,485 201,159 Treasury cash holdings* 636 — + 59 636 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,992 + 956 + 773 5,238 Foreign 204 166 + 1 229 Service-related balances and adjustments 3 1,710 90 + 69 1,604 Other 472 41 41 489 Other F.R. liabilities and capital 6,394 144 + 97 6,242 Total factors, other than reserve balances, absorbing reserve funds 214,949 + 251 +14,443 215,597 Reserve balances with F.R. Banks4 31,790 + 1,140 + 6,202 34,827 On July 16, 1986 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 151,275 million, a decreaseOf $749 million for the week. 1 Net of $ 2,869 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 2,869 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 3,766 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 3,766 million was with foreign official and international accounts. Includes $ 373 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,604 million and adjustments of $ 106 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 Wednesday Wednesday, Wednesday, July 16, 1986 July 9, 1986 July 17, 1985 ASSETS Gold certificate account * 11,084 6 Special Drawing Rights certificate account 4,818 200 Coin 458 10 Loans 1,911 1,372 2,217 Acceptances- Held under repurchase agreements Federal agency obligations- 8,137 — - 166 Bought outright 1,671 + 1,218 + 1,671 Held under repurchase agreements1 U.S. government securities: 90,677 + 440 + 11,891 Bought outright—Bills 67.097 — + 31 Notes 25,276 — + 1,533 Bonds 183,050 + 440 + 13,455 Total bought outright* 5,463 + 4,077 + 5,463 Held under repurchase agreements1 188,513 + 4,517 + 18,918 Total U.S. government securities 200,232 + 7,107 + 18,206 Total loans and securities (1378) 7,747 - 60 + 863 Cash items in process of collection 635 + 1 + 48 Bank premises 15,992 + 503 + 4,150 Other assets 3 (1378) 240,966 + 7,551 + 23,451 TOTAL ASSETS LIABILITIES Federal Reserve notes 184,859 - 903 + 12,990 Deposits: Depository institutions 36,431 + 5,244 + 7,209 U.S. Treasury—general account 5,238 + 2,076 + 2,088 Foreign—official accounts 229 - 12 + 40 Other 489 + 58 - 42 Total deposits 42,387 + 7,366 + 9,295 Deferred availability cash items (1378) 7,478 + 922 + 989 Other liabilities and accrued dividends4 2,280 + 168 - 5 TOTAL LIABILITIES (1378) 237,004 + 7,553 + 23,269 CAPITAL ACCOUNTS Capital paid in 1,812 + 3 + 80 Surplus 1,781 — + 155 Other capital accounts 369 - 5 - 53 * 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 $ -0- million was outstanding at the end of the latest statement week. 2 Net of $ 3,766 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 373 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 $ 39 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, July 16 > 1986 Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance wlith maximum maturity of the agreements. U.S. government securities Federal agency obligations Loans Acceptances Holdings [Weekly changes Holdings [Weekly changes" Within 15 days 1,894 13,269 3,542 1,836 + 1,282 16 days to 90 days 17 46,698 1,149 744 + 15 91 days to 1 year 57,344 2,125 1,713 78 Over 1 year to 5 years 33,793 193 3,758 7 Over 5 years to 10 years 15,100 194 1,333 6 Over 10 years 22,309 424 Total 1,911 188,513 + 4,517 9,808 1,218 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 i6 , 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 11,084 703 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 458 21 16 23 32 84 48 25 24 24 48 36 77 Loans 1,911 4 1.354 5 45 16 23 30 49 47 199 135 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 1,671 1.671 U.S. government securities: Bought outright-Bills 90,667 5,370 29,401 2,904 5,325 7,793 3,618 10,112 2,668 1,311 3,725 5,806 12,644 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 TToottaall bboouugghhtt oouuttrriigghhtt 22 183,050 10,840 59,353 5,861 10,749 15,732 7,304 20,414 5,387 2,645 7,519 11,722 25,524 HHeelldd uunnddeerr rreeppuurrcchhaassee aaggrreeeemmeennttss tt 5,463 5,463 TToottaall UU..SS.. ggoovveerrnnmmeenntt sseeccuurriittiieess 188,513 10,840 64,816 5,861 10,749 15,732 7,304 20,414 5,387 2,645 7.519 11,722 25,524 Total loans and securities 200,232 11,326 70,479 6,127 11,231 16,476 7,645 21,344 5,656 2,812 7,900 12,442 26,794 Items in process of collection 9,125 520 1,037 496 316 561 898 799 568 491 1,316 505 1,618 Bank premises 635 93 34 47 29 100 50 29 19 24 45 19 146 Other assets 3 15,992 464 3,610 507 709 738 920 4,539 359 337 529 1,245 2,035 Interdistrict settlement account -0- +1,279 -6,800 + 8 + 969 + 907 + 838 +1,043 + 101 + 390 + 78 - 444 +1,631 TOTAL ASSETS 242,344 14,707 72,952 7,795 14,237 20,267 11,101 29,803 7,247 4,309 10,722 14,790 34,414 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 $ 3,766 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 373 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 $ 39 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 16, 1986 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco L ABILITIES Federal Reserve notes 184,859 12,062 54,824 5,789 11,565 16,644 6,441 25,207 5,561 2,878 7,939 11,272 24,677 Deposits: Depository institutions 36,431 1,878 9,591 1,267 1,893 2,676 3,317 3,113 1,000 720 1,227 2,502 7,247 U.S. Treasury-general account 5,238 — 5,238 — — — -- — , — — — — Foreign—official accounts 229 5 116 7 9 8 12 20 4 5 7 12 24 Other 489 — 383 1 1 38 3 58 1 — 2 1 1 Total deposits 42,387 1,883 15,328 1,275 1,903 2,722 3,332 3,191 1,005 725 1,236 2,515 7,272 Deferred credit items 8,856 504 1,013 488 402 497 877 623 495 547 1,280 537 1,593 Other liabilities and accrued dividends 1 2,280 126 773 70 128 183 126 247 63 38 90 136 300 TOTAL LIABILITIES 238,382 14,575 71,938 7,622 13,998 20,046 10,776 29,268 7,124 4,188 10,545 14,460 33,842 CAPITAL ACCOUNTS Capital paid in 1,812 57 455 82 111 98 158 248 57 59 83 155 249 Surplus 1,781 53 439 83 107 91 147 241 54 58 80 148 280 Other capital accounts 369 22 120 8 21 32 20 46 12 4 14 27 43 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 242,344 14,707 72,952 7,795 14,237 20,267 11,101 29,803 7,247 4,309 10,722 14,790 34,414 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 217,384 14,742 59,347 7,844 13,051 18,803 11,537 27,404 7,017 3,470 11,409 13,259 29,501 Less-Held by F.R. Banks 32,525 2,680 4,523 2,055 1,486 2,159 5,096 2,197 1,456 592 3,470 1,987 4,824 F.R. notes, net 184,859 12,062 54,824 5,789 11,565 16,644 6,441 25,207 5,561 2,878 7,939 11,272 24,677 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 168,957 Total collateral 184,859 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