The Association for Research Libraries (ARL) questionnaire was sent to 176 academic libraries in the United States and Canada, including the 95 university libraries previously surveyed for the ACRL University Library Statistics series, and representative college and community and junior college libraries that had responded to the 1984 "100 Libraries" Statistical Survey of U.S. and Canadian libraries that were not members of the ARL. Based on the responses received from 149 libraries, this report is arranged in three parts by type of library--university libraries, college libraries, and community and junior college libraries. The university library section includes library data tables, rank order tables, and 10 ratios comparing library operations and expenditures that were developed for the 1984 "100 Libraries Statistical Survey." The college and community and junior college library sections include the library data tables and the 10 ratios, but not the rank order tables. Results of the survey indicate that total operating expenses for 1985-86 were over $3 million, a 15% increase over the 1983-84 figures. Expenditures for current serials were up 25%, while current serials held were down 5%. Expenditures for salaries increased by 2%, and the total number of library personnel remained the same. The number of volumes held was up by 10%. The number of interlibrary loan items borrowed increased by more than 7%, and items loaned increased by 25%. The survey instrument and a description of the survey methodology are appended. (SD)