H.4.1 Factors Affecting Reserve Balances of Depository Institutions

•ooicpw: FEDERAL RESERVE These data are scheduled for release each Thursday. The exact time of each release will be announced, when "••f^^s^ 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 September 4, 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 SSeepptt.. 33,, 11998866 Aug. 27, 198d Sept. 4, 1985 Sept. 3, 1986 Reserve Bank credit: 1 2 211,914 + 1,224 +18,024 213,679 U.S. government securities- Bought outright—system account 186,260 + 665 +16,136 186,777 Meld under repurchase agreements — — 650 — Federal agency obligations- Bought outright 8,047 — 180 8,047 Held under repurchase agreements — — - 354 — Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 971 + 84 - 721 1,350 Includes: seasonal borrowing of 160 4 53 147 extended credit of 619 + 19 49 593 Float 514 219 68 1,295 Other F.R. assets 16,123 + 694 + 3,862 16,210 Gold stock 11,084 6 11,084 Special Drawing Rights certificate account 5,018 + 200 + 400 5,018 Treasury currency outstanding 17,411 + 14 + 541 17,423 Total factors supplying reserve funds 245,427 + 1,438 +18,959 247,204 Currency in circulation* 201,999 + 1,387 +13,245 202,839 Treasury cash holdings* 512 — 35 512 Deposits, other than reserve balances, with F.R. Banks: Treasury 2,095 - 1,189 - 1,244 3,125 Foreign 239 + 15 + 16 228 Service-related balances and adjustments3 1,898 65 + 249 1,649 Other 513 + 60 + 103 501 Other F.R. liabilities and capital 6,494 + 227 + 253 6,335 Total factors, other than reserve balances, absorbing reserve funds 213,750 + 435 +12,587 215,189 Reserve balances with F.R. Banks«. 31,678 + 1,003 + 6,373 32,016 On September 3, 1986 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 160,151 million, an increase of $ 4,860 million for the week. 1 Net of $4,172 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $4,172 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $3,695 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $3,695 million was with foreign official and international accounts. Includes $738 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1.649 million and adjustments of $249 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, September 3, 1986 August 27, 1986 September 4, 1985 ASSETS Gold certificate account 11,084 6 Special Drawing Rights certificate account 5,018 + 200 + 400 Coin 461 15 8 Loans 1,350 + 406 + 383 Acceptances- Held under repurchase agreements Federal agency obligations- 8,047 - 180 Bought outright - 1 195 Held under repurchase agreements1 U.S. government securities: 94,404 1,202 + 14 728 Bought outright—Bills 66,597 + 175 Notes 25,776 + 1 ,377 Bonds 186,777 + 1,202 + 16 ,280 Total bought outright^ — - 1 ,952 Held under repurchase agreements1 186,777 + 1,202 + 14 ,328 Total U.S. government securities 196,174 + 1,608 + 13 ,336 Total loans and securities (1348) 10,107 + 2,366 + 188 Items in process of collection 643 + 1 + 54 Bank premises 15,567 + 1,761 + 3 ,622 Other assets 3 (1348) 239,054 + 5,921 + 17 ,586 TOTAL ASSETS LIABILITIES Federal Reserve notes 186,388 + 1,819 12,724 Deposits: Depository institutions 33,665 + 1,453 + 3,692 U.S. Treasury—general account 3,125 - 765 + 527 Foreign—official accounts 228 + 43 Other 501 + 4 + 73 Total deposits 37 519 + 692 + 4,335 Deferred credit items (1348) 8 812 + 3,188 + 303 Other liabilities and accrued dividends4 2 118 + 15 - 124 TOTAL LIABILITIES (1348) 234,837 5,714 + 17,238 CAPITAL ACCOUNTS Capital paid in 1,846 + 99 Surplus 1,781 + 155 Other capital accounts 590 205 + 94 * 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 $ 903 million was outstanding at the end of the lateat atatement week. 2 Net of $ 3,695 million matched sale-purchase transactions outstanding at the end of the lateat statement week. Includes $ 738 million securities loaned—fully secured by U.S. government securities. 3 Includes assets denominated In foreign currencies, revalued monthly at market exchange ratea. Includes special investment account at Chicago of $65 million in Treasury bills maturing within 00 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, September 3, 1986 Acceptances and securities held under repurchase agreements are classified aa maturing within 15 days in accordance with maximum maturity of the agreements. U.S. government securities Federal agency obligations LLooaannss AAcccceeppttaanncceess Holdings (Weekly changes Holdinga (Weekly changes Within 15 days 1,290 .. 9,358 _ 2,006 49 202 16 days to 90 days 60 — 45,637 + 3,371 921 + 217 91 days to 1 year I — — 56,675 «. 305 1,566 3 Over 1 year to 5 years — — . 36,718 + 142 3,913 12 Over 5 years to 10 years — 15,580 1,174 Over 10 years — —— 2222,,880099 — 442244 — Total 1,350 118866,,777777 + 1,202 88,,004477 — 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 September 3, 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 ci n s 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. 5,018 314 1,489 162 314 461 203 656 160 66 216 307 670 Coin 461 20 14 23 32 87 54 23 25 19 41 44 79 Loans 1.350 53 1 13 3 39 30 17 46 36 361 236 515 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 94,404 5,591 30.610 3,023 5,543 8,114 3,767 10,528 2,778 1,365 3,877 6,045 13,163 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 2 186,777 11,060 60,562 5,980 10,968 16,053 7,452 20,830 5,497 2,699 7,672 11,961 26,043 Held under repurchase agreements 1 Total U.S. government securities 186,777 11,060 60,562 5.980 10,968 16,053 7,452 20,830 5,497 2,699 7,672 11,961 26,043 Total loans and securities 196,174 11,589 63,172 6,251 11,444 16,784 7,803 21,744 5,780 2.851 8,364 12,712 27,680 Items in process of collection 11,455 621 1.069 580 548 663 1,114 1,125 766 597 1,861 793 1,718 Bank premises 643 93 33 47 30 100 50 33 19 24 45 19 150 Other assets 3 15,567 455 3,164 533 737 738 916 4,640 375 361 550 1,196 1,902 Interdistrict settlement account -0- + 798 - 663 + 10 + 659 - 218 + 564 -1- 593 - 417 + 93 - 601 - 646 - 172 TOTAL ASSETS 240,402 14,593 71,424 8,037 14,414 19,574 11,211 30,208 7,074 4,179 11,074 15,117 33,497 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 $ 905 million was outstanding at the end of the latest statement week. 2 Net of $ 3,695 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 738 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 $ 65 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 September 3, 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 186,388 11,883 56,454 5,724 12,201 15,966 6,260 25,804 5,585 2,812 7,983 11,415 24,301 Deposits: Depository institutions 33,665 1,914 8,637 1,471 1,408 2,595 3,424 2,652 709 599 1,218 2,504 6,534 U.S. Treasury—general account 3,125 — 3,125 — — — — — — — — — — Foreign—official accounts 228 4 116 7 9 8 12 20 4 5 7 12 24 Other 501 — 325 — 1 51 6 104 1 — 8 3 2 Total deposits 37,519 1,918 12,203 1,478 1,418 2,654 3,442 2,776 714 604 1,233 2,519 6,560 Deferred credit items 10,160 534 1,024 579 414 542 1,043 821 592 610 1,582 699 1,720 Other liabilit es and accrued dividends 1 2,118 123 701 69 126 176 89 239 61 23 90 132 289 TOTAL LIABILITIES 236,185 14,458 70,382 7,850 14,159 19,338 10,834 29,640 6,952 4,049 10,888 14,765 32,870 CAPITAL ACCOUNTS Capital paid in 1,846 57 457 84 112 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 590 25 146 20 36 46 65 78 11 13 24 48 78 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 240,402 14,593 71,424 8,037 14,414 19,574 11,211 30,208 7,074 4,179 11,074 15,117 33,497 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 221,835 14,439 61,892 7,944 13,721 18,502 11,880 28,397 7,045 3,493 11,446 13,438 29,638 Less-Held by F.R. Banks 35,447 2,556 5,438 2,220 1,520 2,536 5,620 2,593 1,460 681 3,463 2,023 5,337 F.R. notes, net 186,388 11,883 56,454 5,724 12,201 15,966 6,260 25,804 5,585 2,812 7,983 11,415 24,301 Collateral held against F.R. notes: Gold certificate account 11,084 Special Drawing Rights certif. ace 5,018 Other eligible assets -0- U.S. govt, and agency securities 170,286 Total collateral 186,388 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