H.4.1 Factors Affecting Reserve Balances of Depository Institutions

•*C*GOU« FEDERAL RESERVE These data are scheduled for release each Thursday. The exact time of each release will be announced, when •fWm" 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 August 14, 1986 Averages of daily figures (millions of dollars) Reserve balances of depository institutions at F.R Banks, Reserve Bank credit, and related items WWeeeekk eennddeedd II Change from week ended Wednesday AAuugg.. 1133,, 11998866 Aug- 6, 1986 Aug. 14, 1985 Aug, 13, 1986 Reserve Bank credit:1-2 211,366 + 39 +19,827 210,719 U.S. government securities- Bought outright—system account 185,309 + 589 +16,948 184,482 Held under repurchase agreements — — — — Federal agency obligations- Bought outright 8,098 - 39 - 146 8,047 Held under repurchase agreements -T. — — — Acceptances- Bought outright — — — Held under repurchase agreements — — — Loans to depository institutions 812 + 107 - 332 881 Includes: seasonal borrowing of 134 — 87 129 extended credit of 389 + 32 - 138 421 Float 402 - 907 - 170 408 Other F.R. assets 16,745 + 288 + 3,526 16,901 Gold stock 11,084 — 6 11,084 Special Drawing Rights certificate account 4,818 — + 200 4,818 Treasury currency outstanding 17,395 + 14 + 562 17,407 Total factors supplying reserve funds 244,663 + 53 +20,583 244,028 Currency in circulation* 201,386 + 779 +13,049 201,464 Treasury cash holdings* 636 — + 83 636 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,695 + 171 + 663 3,169 Foreign 204 + 6 5 199 Service-related balances and adjustments3 1,837 + 21 + 230 1,631 Other 412 «~ 211 1 410 Other F.R. liabilities and capital 6,686 + 12 + 470 6,171 Total factors, other than reserve balances, absorbing reserve funds 214,856 + 778 +14,489 213,680 Reserve balances with F.R. Banks4 29,805 - 727 + 6,093 30,347 On August 13, 1986 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts .were $ 155,491 million, an increase of $ 1,597 million for the week. 1 Net of $ 2,401 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 2,401 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 3,287 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 3,287 million was with foreign official and international accounts. Includes $ 165 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $1,631 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, Wednesday, August 13, 1986 August 6, 1986 August 14, 1985 ASSETS Gold certificate account 11,084 - 6 Special Drawing Rights certificate account 4,818 — + 200 Coin 477 + 4 - 11 Loans 881 + 165 - 1,516 Acceptances- — — — Held under repurchase agreements Federal agency obligations- Bought outright 8,047 90 180 Held under repurchase agreements'! — — — U.S. government securities: Bought outright—Bills 92,109 + 552 + 13,456 Notes 67,097 — + 25 3onds 2255,,227766 — ++ 1,527 Total bought outright2 118844,,448822 + 552 ++ 15,008 Held under repurchase agreements1 — — — Total U.S. government securities 184,482 + 552 + 15,008 Total loans and securities 193,410 + 627 + 13,312 Cash items in process of collection (1015) 6,047 _ 1,173 - 187 Bank premises 640 + 2 + 51 Other assets 3 16,261 + 144 + 2,872 TOTAL ASSETS (1015) 232,737 396 + 16,231 LIABILITIES Federal Reserve notes 185,171 + 310 + 12,647 Deposits: Depository institutions 31,978 + 1,635 + 3,287 U.S. Treasury—general account 3,169 - 1,180 + 415 Foreign—official accounts 199 - 18 - 16 Other 410 - 26 + 64 Total deposits 35,756 + 411 + 3,750 Deferred availability cash items (1015) 5,639 - 791 - 313 Other liabilities and accrued dividends4 2,175 + 88 - 42 TOTAL LIABILITIES (1015) 228,741 + 18 + 16,042 CAPITAL ACCOUNTS Capital paid in 1,840 + 1 + 96- Surplus 1,781 + 155 Other capital accounts 375 - 415 - 62 Figures in parentheses are the eliminations made in the consolidating process. Does not include U.S. government and federal agency securities resold under matched aale-purchaae transactions to foreign official and international accounts of which $ -0- million was outstanding at the end of the latest statement week. Net of $ 3,287 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $165 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 $ 46 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, August 13, 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 850 _«. 11,995 885 -0- - 90 16 days to 90 days 31 — 42,791 589 924 + 125 91 days to 1 year — — 57,820 + 2,026 1,550 85 Over 1 year to 5 years 34,467 33,,884455 -- 4400 Over 5 years to 10 years _«. 15,100 11 330044 OOvveerr 1100 yyeeaarrss —— 2222,,330099 — 442244 __ TToottaall 8888ll 118844,,448822 + 552 88,,004477 - 90 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 August 13, i986 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco ASSETS Gold certificate account 11,084 703 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 4 77 23 15 23 34 91 56 24 25 21 45 42 78 Loans 881 1 4 6 3 52 24 30 59 34 445 210 13 Acceptances held under repurchase agreements — — — — — — — — — — — — — t Federal agency obligations: Bought outright 8,047 476 2,609 258 473 692 321 897 237 116 331 515 1,122 Held under repurchase agreements 1 — — — — — — — — — — — — — U.S. government securities: Bought outright-Bills 92,109 5,454 29,866 2,950 5,409 7,916 3,675 10,272 2,711 1,331 3,784 5,897 12,844 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 2 184,482 10,924 59,818 5,907 10,833 15,855 7,361 20,574 5,430 2,665 7,578 11,813 25,724 Held under repurchase agreements 1 — — — — — — — — — — — — — Total U.S. government securities 184,482 10,924 59,818 5,907 10,833 15,855 7,361 20,574 5,430 2,665 7,578 11,813 25,724 Total loans and securities 193,410 11,401 62,431 6,171 11,309 16,599 7,706 21,501 5,726 2,815 8,354 12,538 26,859 Items in process of collection 7,062 450 817 399 287 450 667 517 379 355 1,018 455 1,268 Bank premises 640 93 33 47 30 100 50 32 19 24 45 19 148 Other assets 3 16,261 511 3,445 546 768 800 924 4,657 391 362 583 1,324 1,950 Interdistrict settlement account -0- + 888 -2,738 - 157 + 519 - 104 + 129 +1,370 + 123 + 176 - 493 - 587 + 874 TOTAL ASSETS 233,752 14,370 68,579 7,616 13,898 19,337 10,234 30,125 7,183 3,984 10,358 14,778 33,290 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 $ -o- million was outstanding at the end of the latest statement week. 2 Net of $ 3,287 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 165 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 $46 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 August 13, 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 185,171 12,021 55,377 5,728 12,113 16,226 6,083 25,797 5,628 2,782 7,810 11,254 24,352 Deposits: Depository institutions 31,978 1,647 7,153 1,294 1,099 2,305 3,074 2,933 996 666 1,267 2,655 6,889 U.S. Treasury—general account 3,169 — 3,169 — — — — — — — — — — Foreign—official accounts 199 5 86 7 9 8 12 20 4 5 7 12 24 Oth^ 410 1 301 1 — 35 1 65 — — 4 1 1 Total deposits 35,756 1,653 10,709 1,302 1,108 2,348 3,087 3,018 1,000 671 1,278 2,668 6,914 Deferred credit items 6,654 440 774 341 309 359 629 530 368 374 1,004 390 1,136 Other liabilities and accrued dividends 1 2,175 124 710 70 129 181 101 245 63 35 88 135 294 TOTAL LIABILITIES 229,756 14,238 67,570 7,441 13,659 19,114 9,900 29,590 7,059 3,862 10,180 14,447 32,696 CAPITAL ACCOUNTS Capital paid in 1,840 57 456 83 111 99 161 249 57 59 83 156 269 Surplus 1,781 53 439 83 107 91 147 241 54 58 80 14'8 280 Other capital accounts 375 22 114 9 21 33 26 45 13 5 15 27 45 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 233,752 14,370 68,579 7,616 13,898 19,337 10,234 30,125 7,183 3,984 10,358 14,778 33,290 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 220,412 14,667 60,910 7,879 13,616 18,636 11,752 28,201 7,086 3,463 11,350 13,314 29,538 Less-Held by F.R. Banks 35,241 2,646 5,533 2,151 1,503 2,410 5,669 2,404 1,458 681 3,540 2,060 5,186 F.R. notes, net 185,171 12,021 55,377 5,728 12,113 16,226 6,083 25,797 5,628 2,782 7,810 11,254 24,352 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 169,269 Total collateral 185,171 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