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 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 25, 1986 Averages of daily figures millions of dollars) RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt FF..RR BBaannkkss,, RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss WWeeeekk eennddee__dd Change from week ended Wednesday SSeepptt 2244,, 11228866 Sepi t 17, 1986 ¥ept~25', 198~6~ Sept 24, 1986 Reserve Bank credit: 1 2 217,097 + 3,799 + 20,766 215,489 U.S. government securities- Bought outright—system account 187,842 + 467 + 16,599 186,247 Held under repurchase agreements 2,546 + 2,546 + 643 1,711 Federal agency obligations- Bought outright 8,047 — - 180 8,047 Held under repurchase agreements 276 + 276 - 95 219 Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 1,094 + 226 - 168 1,555 Includes: seasonal borrowing of 146 + 23 - 74 155 extended credit of 550 - 38 - 104 582 Float 579 + 61 + 111 924 Other F.R. assets 16,714 + 224 + 3,858 16,786 Gold stock 11,084 — - 6 11,084 Special Drawing Rights certificate account 5,018 — + 400 5,018 Treasury currency outstanding 17,453 + 14 + 550 17,465 Total factors supplying reserve funds 250,652 + 3,813 + 21,710 249,056 Currency in circulation* 200,742 «. 984 + 13,224 200,513 Treasury cash holdings* 496 — - 50 496 Deposits, other than reserve balances, with F.R. Banks: Treasury 7,625 + 3,527 + 1,024 7,744 Foreign 268 + 19 + 47 208 Service-related balances and adjustments3 1,973 + 88 + 303 1,668 Other 482 _ 84 + 36 449 Other F.R. liabilities and capital 6,321 - 25 + 82 6,153 Total factors, other than reserve balances, absorbing reserve funds 217,906 + 2,540 + 14,665 217,231 «.eserve balances with F.R. Banks4 32,747 + 1,273 + 7,047 31,826 On September 24, 1986 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 161,580 million, an increase of $ 1,247 million for the week. 1 Net of $ 3,136 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $3,136 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 4,777 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4,777 million was with foreign official and international accounts. Includes $ 162 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,668 million and adjustments of $ 305 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 SANKS Millions of dollars Change since Wednesday, Wednesday, September 24, 1986 September 17, 1986[ September 25, 1985 ASSETS Gold certificate account 11,084 6 Special Drawing Rights certificate account 5,018 400 Coin 501 + 26 9 Loans 1,555 + 803 566 Acceptances- Held under repurchase agreements Federal agency obligations- 8,047 180 Bought outright 219 219 406 Held under repurchase agreements1 U.S. government securities: 93,874 671 + 13,895 Bought outright—Bills 66,597 + 175 Notes 25,776 + 1,377 Bonds 186,247 - 671 + 15,447 Total bought outright* 1,711 + 1,711 - 2,135 Held under repurchase agreements 1 187,958 + 1,040 + 13,312 Total U.S. government securities 197,779 + 2,062 + 12,160 Total loans and securities (1078) 6,485 - 1,809 + 434 Items in process of collection 648 + 5 + 53 Bank premises 16,138 + 626 + 3,658 Other assets 3 (1078) 237,653 + 910 + 16,690 TOTAL ASSETS LIABILITIES Federal Reserve notes 184,044 - 892 + 12,611 Deposits: Depository institutions 33,494 + 330 + 4,503 U.S. Treasury—general account 7,744 + 3,079 - 265 Foreign—official accounts 208 - 39 - 22 Other 449 - 54 + 48 Total deposits 41,895 + 3,316 + 4,264 Deferred credit items Other liabilities and accrued dividends4 (1078) 5,561 - 1,467 - 265 2,147 - 55 - 97 TOTAL LIABILITIES (1078) 233,647 + 902 16,513 CAPITAL ACCOUNTS Capital paid in 1,848 + 2 + 96 Surplus 1,781 + 155 Other capital accounts 377 + 6 74 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 $ -0- million was outstanding at the %nd of the latest statement week. Net of $ 4,777million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 162 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 $ 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 24, 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 1,551 10,644 + 663 437 219 16 days to 90 days 4 43,805 + 477 791 91 days to 1 year 58,402 100 1,549 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 1,555 187,958 + 1,040 8,266 + 219 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 24, 1986 Millions of dollars Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San City 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. 5i018 314 1,489 162 314 461 203 656 160 66 216 307 670 Coin 501 23 17 24 35 102 57 28 27 19 43 45 81 Loans 1,555 5 252 45 250 41 60 202 52 30 358 250 10 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 1 219 219 U.S. government securities: Bought outright-Bills 93,874 5,559 30,438 3,006 5,512 8,068 3,746 10,469 2,763 1,357 3,855 6,011 13,090 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 2 186,247 11,028 60,390 5,963 10,937 16,007 7,431 20,771 5,482 2,691 7,650 11,927 25,970 Held under repurchase agreements 1 1,711 — 1,711 — — — — — — — — — — Total U.S. government securities 187,958 11,028 62,101 5,963 10,937 16,007 7,431 20,771 5,482 2,691 7,650 11,927 25,970 Total loans and securities 197,779 11,509 65,181 6,266 11,660 16,740 7,812 21,870 5,77. 2,837 8,339 12,692 27,102 Items in process of collection 7,563 402 830 343 315 366 881 724 467 442 1,048 452 1,293 Bank premises 648 93 34 47 31 101 51 36 19 24 45 19 148 Other assets 3 16,138 488 3,438 552 763 769 929 4,699 391 366 569 1,228 1,946 Interdistrict settlement account -0- + 536 +1,981 - 370 + 105 - 703 - 487 + 539 - 281 + 278 - 478 - 882 - 238 TOTAL ASSETS 238,731 14,068 76,116 7,455 13,873 18,795 9,953 29,946 6,920 4,200 10,380 14,553 32,472 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 $ 4,777 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 162 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 24. 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 .184.044 11,615 57.389 5.485 11,952 15,769 5,532 25,534 5,336 2,706 7,901 11,088 23,737 Deposits: Depository institutions 33,494 1.843 8.163 1.400 1,255 2,241 3,266 2,936 980 955 1,218 2,595 6,642 U.S. Treasury—general account 7.744 7.744 Foreign—official accounts 208 5 95 7 9 8 12 20 4 5 7 12 24 Other 449 1 320 1 1 31 2 88 3 1 1 Total deposits 41,895 1,849 16,322 1,408 1,265 2,280 3,280 3,044 984 960 1,228 2,608 6,667 Deferred credit items 6,639 351 696 316 290 345 704 595 413 376 994 393 1,166 Other liabilities and accrued dividends 1 2,147 122 698 67 125 176 94 239 63 36 85 132 310 TOTAL LIABILITIES 234,725 13,937 75,105 7,276 13,632 18,570 9,610 29,412 6,796 4,078 10,208 14,221 31,880 CAPITAL ACCOUNTS Capital paid in 1,848 57 456 85 112 100 166 249 57 59 81 156 270 Surplus 1,781 53 439 83 107 91 147 241 54 58 80 148 280 Other capital accounts 377 21 116 11 22 34 30 44 13 5 11 28 42 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 238,731 14,068 76,116 7,455 13,873 18,795 9,953 29,946 6,920 4,200 10,380 14,553 32,472 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 223,566 14,386 63,326 7,911 13,790 18,502 11,200 28,682 6,994 3,510 11,523 13,519 30,223 Less-Held by F.R. Banks 39,522 2,771 5.937 2,426 1,838 2,733 5,668 3,148 1,658 804 3,622 2,431 6,486 F.R. notes, net 184,044 1111,,661155 5577,,338899 55,,448855 1111,,995522 1155,,776699 55,,553322 2255,,553344 55,,333366 22,,770066 77,,990011 1111,,008888 23,737 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 167,942 Total collateral 184.044 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