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 Ml Rfc^> 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 18, 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 SSeeppttee 11 mm 9988 bb 66 ee rr 1177,, SupttM 19 u 8 b 6 e i 10, sept^m^g~g r—re", Septjm^gr 17, Reserve Bank credit: 1 2 213,299 186 +20,326 213,146 U.S. government securities- Bought outright—system account 187,375 + 199 +16,786 186,918 Held under repurchase agreements — — — — Federal agency obligations- Bought outright 8,047 — - 180 8,047 Held under repurchase agreements — — — — Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 868 383 211 752 Includes: seasonal borrowing of 123 14 80 127 extended credit of 588 + 23 70 538 Float 519 343 + 123 1,274 Other F.R. assets 16,490 + 340 + 3,807 16,155 Gold stock 11,084 — 6 11,084 Special Drawing Rights certificate account 5,018 — + 400 5,018 Treasury currency outstanding 17,439 + 14 + 547 17,451 Total factors supplying reserve funds 246,840 172 +21,267 246,699 Currency in circulation* 201,727 - 803 +13,057 201,425 Treasury cash holdings* 496 — 50 496 Deposits, other than reserve balances, with F.R. Banks: Treasury 4,098 + 674 + 744 4,665 Foreign 249 26 + 34 247 Service-related balances and adjustments3 1,880 + 1 + 270 1,663 Other 566 + 81 20 503 Other F.R. liabilities and capital 6,346 203 + 77 6,200 Total factors, other than reserve balances, absorbing reserve funds 215,362 277 +14,112 215,199 Reserve balances with F.R. Banks4 31,479 + 105 + 7,157 31,501 On September 17, 1986 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 160,333 million, an increase of $ 1,440 million for the week. 1 Net of $ 3,326 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,326 million was with foreign official and international accounts, includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 3,954 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 3,954 million was with foreign official and international accounts. Includes $395 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,663 million and adjustments of $ 217 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, September 17, 1986 September 10, 1986 September 18, 1985 ASSETS I Gold certificate account 11,084 — - 6 Special Drawing Rights certificate account 5,018 — + 400 Coin ! 475 + 13 - 24 Loans 752 - 3,580 - 438 Acceptances- —. Held under repurchase agreements Federal agency obligations- Bought outright 8,047 — - 180 Held under repurchase agreements 1 — — — U.S. government securities: Bought outright—Bills 94,545 - 2,157 + 15,390 Notes 66,597 — + 175 Bonds 2255,,777766 — ++ 1,377 Total bought outright? 118866,,991188 - 2,157 ++ 16,942 Held under repurchase agreements1 — — ~ Total U.S. government securities 186,918 - 2,157 + 16,942 Total loans and securities 195,717 - 5,737 + 16,324 Items in process of collection (1223) 8,302 + 1,992 + 855 Bank premises 643 _ 1 + 49 Other assets 3 15,512 - 163 + . 3,403 TOTAL ASSETS | (1223) 236,751 - 3,896 + 21,001 LIABILITIES Federal Reserve notes 184,944 _. 912 + 12,568 Deposits: Depository institutions 33,164 „ 4,672 + 7,583 U.S. Treasury—general account 4,665 + 706 + 595 Foreign—official accounts 247 _ 159 + 13 Other 503 _. 6 181 Total deposits 38,579 _ 4,131 + 8,010 Deferred credit items 1 (1223) 7,028 + 1,171 + 301 Other liabilities and accrued dividends4 2,202 31 _ 57 TOTAL LIABILITIES (1223) 232,753 3,903 20,822 CAPITAL ACCOUNTS Capital paid in 1,846 - 1 + 97 Surplus 1,781 + 1 + 155 Other capital accounts 371 + 7 - 73 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 S ~°~ million was outstanding at the end of the lateat atatement week. Net of $ 3» 954 million matched sale-purchase transactions outstanding at the end of the lateat statement week. Includes $ 395 million securities loaned—fully secured by U.S. government securities. Includes assets denominated in foreign currencies, revalued monthly at market exchange ratea. Includes special investment account at Chicago of $ 72 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, September 17, 1986 Acceptances and securities held under repurchase agreements are claaalfled aa maturing within 15 days in accordance with maximum maturity of the agreements. U.S. government securities Federal agency obligations Loans Acceptances Hoidlngs |Weekly changes! Holdings |Weekly changes Within 15 days 749 9,981 + 792 218 208 16 days to 90 days 3 43,328 - 2,830 791 121 91 days to 1 year 58,502 - 119 1,549 87 Over 1 year to 5 years 36,718 3,891 Over 5 years to 10 years 15,580 1,174 Over 10 years 22,809 424 Total 752 186,918 - 2,157 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 September 17, 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 475 22 18 23 32 89 57 24 26 19 42 45 78 Loans 752 3 6 7 1 39 41 22 39 27 314 228 25 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 94,545 5,599 30,656 3,028 5,551 8,126 3,773 10,544 2,782 1,367 3,883 6,053 13,183 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 2 186,918 11,068 60,608 5,985 10,976 16,065 7,458 20,846 5,501 2,701 7,678 11,969 26,063 Held under repurchase agreements 1 — — — — — — ~ — ~ — — — __ Total U.S. government securities 186,918 11,068 60,608 5,985 10,976 16,065 7,458 20,846 5,501 2,701 7,678 11,969 26,063 Total loans and securities 195,717 11,547 63,223 6,250 11,450 16,796 7,820 21,765 5,777 2,844 8,323 12,712 27,210 Items in process of collection 9,525 250 674 691 312 1,479 863 1,112 524 456 1,391 516 1,257 Bank premises 643 93 34 47 31 101 50 33 19 24 45 19 147 Other assets 3 15,512 484 3,311 544 394 756 913 4,674 383 362 559 1,213 1,919 Interdistrict settlement account -0- + 918 +1,827 - 414 + 702 -1,373 - 198 + 274 - 350 + 140 - 741 - 927 + 142 TOTAL ASSETS 237,974 14,331 73,722 7,734 13,885 19,268 10,215 29,932 6,905 4,079 10,433 14,577 32,893 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 $ 3,954 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 395 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 $72 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 17, 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 184,944 11,759 56,930 5,548 12,082 15,811 5,794 25,791 5,492 2,742 7,924 11,188 23,883 Deposits: Depository institutions 33,164 1,895 8,924 1,402 1,125 2,546 3,189 2,688 707 675 1,004 2,300 6,709 U.S. Treasury-general account 4,665 ~ 4,665 — ~ — — — — — — — — Foreign—official accounts 247 5 134 7 9 8 12 20 4 5 7 12 24 Other 503 — 355 1 1 47 3 87 — — 6 2 1 Total deposits 38,579 1,900 14,078 1,410 1,135 2,601 3,204 2,795 711 680 1,017 2,314 6,734 Deferred credit items 8,251 416 969 528 301 454 783 569 516 502 1,233 610 1,370 Other liabilities and accrued dividends 1 2,202 125 736 69 126 178 93 243 63 34 87 134 314 TOTAL LIABILITIES 233,976 14,200 72,713 7,555 13,644 19,044 9,874 29,398 6,782 3,958 10,261 14,246 32,301 CAPITAL ACCOUNTS Capital paid in 1,846 57 456 85 112 99 165 249 57 59 81 156 270 Surplus 1,781 53 439 83 107 91 147 241 54 58 80 148 280 Other capital accounts 371 21 114 11 22 34 29 44 12 4 11 27 42 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 237,974 14,331 73,722 7,734 13,885 19,268 10,215 29,932 6,905 4,079 10,433 14,577 32,893 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 222,848 14,428 62,774 7,906 13,717 18,556 11,438 28,694 7,000 3,464 11,458 13,436 29,977 Less-Held by F.R. Banks 37,904 2,669 5,844 2,358 1,635 2,745 5,644 2,903 1,508 722 3,534 2,248 6,094 F.R. notes, net 184,944 11,759 56,930 5,548 12,082 15,811 5,794 25,791 5,492 2,742 7,924 11,188 23,883 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 168,842 Total collateral " 184,944 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