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 ••f^LRE^V 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 28, 1986 Averages of daily figur es (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 AAuugguusstt 2277,, 11998866 Aug. 20, 1986 Aug. 28, 1985 August 27, 1986 Reserve Bank credit: 1-2 210,711 + 749 +20,824 211,131 U.S. government securities- Bought outright—system account 185,595 + 557 +17,441 185,575 Held under repurchase agreements — — - 275 — Federal agency obligations- Bought outright 8,047 — 180 8,047 Held under repurchase agreements — — 51 — Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 887 - 46 - 209 944 Includes: seasonal borrowing of 164 + 24 65 179 extended credit of 600 + 171 95 607 Float 752 + 303 + 604 2,117 Other F.R. assets 15,431 - 65 + 3,496 14,448 Gold stock 11,084 — 6 11,084 Special Drawing Rights certificate account 4,818 — + 200 4,818 Treasury currency outstanding 17,397 +- 14 + 537 17,409 Total factors supplying reserve funds 244,010 +-"753 +21,555 244,442 Currency in circulation* 200,612 - 672 +13,369 200,991 Treasury cash holdings* 512 - 6 38 512 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,284 - 170 + 848 3,890 Foreign 224 + 26 + 26 228 Service-related balances and adjustments3 1,963 - 32 + 309 1,670 Other 453 - 113 + 59 497 Other F.R. liabilities and capital 6,267 - 44 + 117 6,113 Total factors, other than reserve balances, absorbing reserve funds 213,315 -1 ,011 +14,689 213,901 Reserve balances with F.R. Banks4 30,696 +1 ,776 + 6,867 30,542 On August 27, 1986 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 155,291 million, a decrease of $814 million for the week. 1 Net of $ 2,538 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 2,538 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 2,610 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 2,610 million was with foreign official and international accounts. Includes $ 260 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,670 million and adjustments of $ 293 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 27, 1986 August 20, 1986 August 28, 1985 ASSETS Gold certificate account 11,084 — - 6 Special Drawing Rights certificate account 4,818 — + 200 Coin 476 - 8 - 11 Loans 944 + 127 - 154 Acceptances- Held under repurchase agreements —_ Federal agency obligations- Bought outright 8,047 - 180 Held under repurchase agreements 1 _ 354 U.S. government securities: Bought outright—Bills 93,202 + 1,376 + 16,089 Notes 66,597 + 175 BBoonnddss 25,776 _ — + 1.377 TToottaall bboouugghhtt oouuttrriigghhtt22 185,575 1,376 + 17,641 Held under repurchase agreements1 — — ____ 1,928 Total U.S. government securities 185,575 + 1,376 15,713 Total loans and securities 194,566 + 1,503 + 15,025 Cash items in process of collection (1044) 7,741 + 1,159 + 1,906 Bank premises 642 + 52 Other assets3 13,806 _ 1,405 _+ 2,157 TOTAL ASSETS (1044) 233,133 __ 1,249 + 19,323 LIABILITIES Federal Reserve notes 184,569 - 28 + 12,772 Deposits: Depository institutions 32,212 + 1,182 + 5,028 U.S. Treasury—general account 3,890 + 348 + 1,329 Foreign—official accounts 228 _ 42 + 40 Other 497 + 48 + 74 Total deposits 36,827 + 1,536 + 6,471 Deferred availability cash items (1044) 5,624 _ 250 _ 39 Other liabilities and accrued dividends4 _ _ 2,103 30 79 TOTAL LIABILITIES (1044) 229,123 + 1,228 _ 19,125 CAPITAL ACCOUNTS Capital paid in 1,844 + 3 + 96 Surplus 1,781 — + 155 Other capital accounts 385 + 18 - 53 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 $ 836 million was outstanding at the end of the latest statement week. Net of $ 2,610 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 260 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 $ 71 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 27, 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 Loans Acceptances Holdings [Weekly changes Holdings [Weekly changes Within 15 days 935 11,364 1,030 251 + 49 16 days to 90 days 9 42,266 346 704 - 18 91 days to 1 year 56,980 1,569 + 19 Over 1 year to 5 years 36,576 3,925 + 80 Over 5 years to 10 years 15,580 1,174 - 130 Over 10 years 22,809 424 . — Total 944 185,575 1,376 8,047 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 27, 1986 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas F rancisco 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 476 22 15 23 34 89 55 25 26 20 42 44 81 Loans 944 14 4 23 3 54 32 26 52 39 412 239 46 Acceptances held under repurchase agreements 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 93,202 5,520 30,220 2,985 5,473 8,010 3,719 10,394 2,743 1,347 3,828 5,967 12,996 Notes 66,597 3,943 21,594 2,132 3,911 5,724 2,657 7,427 1,960 962 2,736 4,265 9,286 Bonds 25,776 1,526 8,358 825 1,514 2,215 1,028 2,875 759 372 1,059 1,651 3,594 Total bought outright 2 185,575 10,989 60,172 5,942 10,898 15,949 7,404 20,696 5,462 2,681 7,623 11,883 25,876 Held under repurchase agreements 1 — — — — — — — — — — — — — Total U.S. government securities 185,575 10,989 60,172 5,942 10,898 15,949 7,404 20,696 5,462 2,681 7,623 11,883 25,87b Total loans and securities 194,566 11,479 62,785 6,223 11,374 16,695 7,757 21,619 5,751 2,836 8,366 12,637 27,04 4 items in process of collection 8,785 473 697 360 364 295 742 521 356 417 910 589 3,Obi Bank premises 642 93 33 47 30 100 50 33 19 24 45 19 Other assets 3 13,806 438 1,738 521 698 704 868 4,558 356 349 523 1,246 1 ,807 Interdistrict settlement account -0- + 654 +1,020 - 48 + 890 - 696 + 428 +1,230 + 42 + 128 - 223 -1,430 -1,995 TOTAL ASSETS 234,177 14,163 70,864 7,713 14,341 18,588 10,602 30,010 7,070 4,005 10,469 14,092 32,260 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 $ 836 million was outstanding at the end of the latest statement week. 2 Net of $ 2,610 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 260 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 $ 71 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 27, 1986 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 184,569 11,746 55,906 5,590 12,047 15,857 6,175 25,591 5,511 2,805 7,933 11,296 24,112 Deposits: Depository institutions 32,212 1,738 8,225 1,503 1,641 1,970 3,298 2,933 1,000 639 1,251 1,886 6,128 U.S. Treasury-general account 3,890 — 3,890 — — — — — — — — — Foreign—official accounts 228 5 115 7 9 8 12 20 4 5 7 12 24 Other 497 1 335 1 — 19 3 129 — — 5 2 2 Total deposits 36,827 1,744 12,565 1,511 1,650 1,997 3,313 3,082 1,004 644 1,263 1,900 6,154 Deferred credit items 6,668 418 707 368 276 336 687 563 362 399 1,010 432 1,110 Other liabilities and accrued dividends 1 2,103 121 677 67 127 173 91 239 62 35 87 133 291 TOTAL LIABILITIES 230,167 14,029 69,855 7,536 14,100 18,363 10,266 29,475 6,939 3,883 10,293 13,761 31,667 CAPITAL ACCOUNTS Capital paid in 1,844 57 456 83 112 99 165 249 57 59 82 156 269 Surplus 1,781 53 439 83 107 91 147 241 54 58 80 148 280 Other capital accounts 385 24 114 11 22 35 24 45 20 5 14 27 44 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 234,177 14,163 70,864 7,713 14,341 18,588 10,602 30,010 7,070 4,005 10,469 14,092 32,260 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 221,734 14,476 61,647 7,898 13,722 18,564 12,039 28,281 7,070 3,505 11,474 13,455 29,603 Less-Held by F.R. Banks 37,165 2,730 5,741 2,308 1,675 2,707 5,864 2,690 1,559 700 3,541 2,159 5,491 F.R. notes, net . 184,569 11,746 55,906 5,590 12,047 15,857 6,175 25,591 5,511 2,805 7,933 11,296 24,112 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 168,667 Total collateral 184,569 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