This bulletin highlights data on library staff, operating expenditures, and collections reported by 2,881 institutions of higher education on the 1985 Survey of College and University Libraries. Overall survey results are discussed; summary information is provided for library operating expenditures and titles and volumes; and the use of indices for library operating expenditures, bookstocks held at the end of the year, and FTE (full-time equivalent) library staff is described. A discussion of survey methodology and definitions of terms central to the report are also included. Statistical information provided in seven tables includes: (1) Library Operating Expenditures by Institutional Size, and by Institutional Type and Control; (2) Percentage Distribution of Library Operating Expenditures by Purpose and by Institutional Type and Control; (3) Average Number of Titles of Books, Serials, and Government Documents Held at the End of the Year by Institutional Size, Type, and Control; (4) Average Number of Volumes of Books, Serials and Government Documents Held at the End of the Year by Institutional Size, Type, and Control; (5) Indices on Library Operating Expenditures, Bookstock, and Staff by Institutional Type and Control; (6) Total Operating Expenditures and Distribution of Expenditures of Institutions of Higher Education Libraries, by Purpose and by Institutional Control, Type, and Size; and (7) Indices Concerning Library Operating Expenditures, Bookstock Held at the End of the Year, and FTE Library Staff. (KM)