H.4.1 Factors Affecting Reserve Balances of Depository Institutions

••Li^m^- FEDERAL RESERVE ••^5fff^-' Factors Affecting Reserves of Depository Institutions and Condition Statement of F.R. Banks H.4.1. For release at 4:15 p.m. Eastern time January 6, 1984 Averages of daily figures (millions of dollars) Reserves of depository institutions, Week ended Change from week ended Wednesday Reserve Bank credit, and related items January 4, December 28, January 5, January 4, 1984 L2B3 1983 1984 Reserve Bank credit: U.S. government securities- Bought outright—system account 151,120 378 14,785 153,147 Held under repurchase agreements 2,435 2,435 317 4,372 Federal agency obligations- Bought outright 8,645 292 8,645 Held under repurchase agreements 275 275 121 329 Acceptances- Bought outright Held under repurchase agreements 413 413 379 436 Loans to depository institutions 1,297 540 99 1,217 Includes: seasonal borrowing of 73 42 36 66 extended credit of 5 2 138 Float 2,113 1,497 851 2,296 Other F.R. assets 8,547 68 1,216 8,769 Total Reserve Bank credit 174,845 1,857 + 12,342 179,211 Gold stock 11,121 2 27 11,121 Special Drawing Rights certificate account 4,618 4,618 Treasury currency outstanding 13,786 13,786 Total Factors 204,370 1,855 12,315 208,736 Currency in circulation* 170,156 471 15,077 170,229 Treasury cash holdings* 462 9 32 462 Treasury deposits with F.R. Banks 3,436 293 752 3,104 Foreign deposits with F.R. Banks 210 14 65 198 Other deposits with F.R. Banks 755 227 262 474 Service-related balances and adjustments3 1,533 182 1,099 1,014 Other F.R. liabilities and capital 5,514 140 619 5,552 182,066 424 15,749 181,033 Reserve balances with F.R. Banks* 22,303 1,430 3,434 27,702 Total vault cash 20,896 466 791 20,896 (a) Vault cash at institutions with required reserve balances 14,726 249 600 14,726 (b) Vault cash equal to required reserves at other institutions 3,095 73 605 3,095 (c) Surplus vault cash at other institutions^ 3,075 144 414 3,075 Reserve balances + total vault cash 4 43,199 964 2,643 48,598 Reserve balances + total vault cash used to satisfy reserve requirements 6 40,124 1,108 2,229 45,523 Required reserves 39,179 639 2,181 39,179 Excess reserve balances at F.R. Banks7 945 469 48 6,344 On January 4, 1984 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 114,186 million, an increase of $ l,340million for the week. 1 Net of $ 4,667 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 4,667miliion was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. govern ment securities. 2 Net of $ 2,500 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $2,500 million was with foreign official and international accounts. Includes $ 436 million securities loaned—fully secured by U.S. government securities. 3 Consists of required clearing balances of $1,014 million and adjustments of $ 519 million to compensate for float. 4 Excludes required clearing balances and adjustments to compensate for float. 5 Total vault cash at institutions without required reserve balances less vault cash equal to their required reserves. 6 Reserve balances with Federal Reserve Banks plus vault cash at institutions with required reserve balances plus vault cash equal to required reserves at other institutions. 7 Reserve balances with Federal Reserve Banks plus vault cash used to satisfy reserve requirements less required reserves. * Estimated (Treasury's figures). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1 (a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS Millions of dollars Change since ** WWeeddnneessddaayy Wednesday Wednesday January 4, 1984 December 28, 1983 January 5, 1983 ASSETS Gold certificate account 11,121 - 2 27 Special Drawing Rights certificate account 4,618 — -- Coin 401 - 8 23 Loans 1,217 - 94 + 809 Acceptances- Held under repurchase agreements 436 + 436 + 436 Federal agency obligations- Bought outright 8,645 __ 292 Held under repurchase agreements'! 329 + 329 + 329 U.S. government securities: Bought outright—Bills 58,399 + 577 +11,940 Notes 53,934 -- + 1,308 Bonds 2200,,881144 — + 2,258 Total bought outright2 115533,,114477 + 577 +15,506 Held under repurchase agreements'! 4,372 + 4,372 + 4,372 Total U.S. government securities 157,519 + 4,949 +19,878 Total loans and securities 168,146 + 5,620 +21,160 Cash items in process of collection (2,950) 1.2,901 + 1,024 + 1,274 Bank premises 549 _ 2 ._. Other assets3 8,220 + 34 - 1,098 TOTAL ASSETS ((22,,995500)) 205,956 +_6 ,666 +21,286 LIABILITIES Federal Reserve notes 157,307 - 395 +15,205 Deposits: Depository institutions 28,763 + 5,950 + 3,781 U.S. Treasury—general account 3,104 - 532 + 76 Foreign—official accounts 198 - 65 40 Other (2) 427 - 131 232 Total deposits (2) 32,492 + 5,222 + 3,585 Deferred availability cash items (2,948) 10,605 + 1,783 + 1,663 Other liabilities and accrued dividends* 2,515 + 249 + 709 TOTAL LIABILITIES 202,919 + 6,859 +21,162 CAPITAL ACCOUNTS Capital paid in 1,465 -- + 102 Surplus 1,465 + 106 + 106 Other capital accounts 107 - 299 84 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 $2,120 million was outstanding at the end of the latest statement week. Net of $ 2,500 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 436 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 $ 24 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, January 4, 1984 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 1,182 436 9,599 + 2,383 379 + 201 16 days to 90 days 35 37,449 + 1,790 749 + 151 91 days to 1 year 44,896 + 721 1,914 23 Over 1 year to 5 years 34,076 + 55 4,196 Over 5 years to 10 years 13,485 1,333 Over 10 years 18,014 403 Total 1,217 436 157,519 + 4,949 8,974 329 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 January 4, 1984 Millions of dollars Kansas ' San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco ASSETS Gold certificate account 11,121 927 3,058 541 659 913 371 1,504 468 143 605 750 1,182 Special Drawing Rights certif. acct. 4,618 241 1,335 225 302 408 161 646 170 61 241 310 518 Coin 401 20 22 17 36 51 39 23 22 20 45 27 79 Loans 1,217 ! 21 21 100 1 104 3 396 27 40 46 47 411 Acceptances held under repurchase agreements 436 -- 436 -- -_ -- .. __ .._ „_ Federal agency obligations: Bought outright 8,645 406 2,831 288 512 718 210 1,191 245 106 444 598 1,096 Held under repurchase agreements 1 329 -- 329 -- -- __ _- _. __ __ U.S. government securities: Bought outright—Bills 68,399 3,208 22,395 2 ,282 4,053 5,680 1 ,658 9,426 1,939 836 3,516 4,733 8,673 Notes 63,934 2,999 20,932 2 ,133 3,788 5,309 1 ,550 8,811 1,812 783 3,286 4,424 8,107 Bonds J 20,814 j 976 6,815 694 1,233 1,728 505 2,868 590 255 1,070 1,440 2,640 Total bought outright 2 153,147 7,183 50,142 5 ,109 9,074 12,717 3 ,713 21,105 4,341 1 ,874 7,872 10,597 19,420 Held under repurchase agreements 1 J 4-372 -- 4,372 -- -- -- -- -- _. -- -- — — Total U.S. government securities J 157,519 7,183 54,514 5 ,109 9,074 12,717 3 ,713 21,105 4,341 1 ,874 7,872 10,597 19,420 Total loans and securities 168,146 7,610 58,131 5 ,497 9,587 13,539 3 ,926 22,692 4,613 2 ,020 8,362 11,242 20,927 Cash items in process of collection 15,851 380 1,776 446 544 3,310 957 1,397 988 845 2,171 1,175 1,862 Bank premises 549 96 25 50 27 105 34 20 16 27 25 18 106 Other assets 3 8,220 250 2,267 274 461 476 410 1,123 208 185 347 1,175 1,044 Interdistrict settlement account J -0- + 1,205 - 1,631 + 141 - 1,008 296 + 175 - 466 + 205 + 666 925 - 1,224 + 3,158 TOTAL ASSETS 1 208,906 10,729 64,983 7 ,191 10,608 18,506 6 ,073 26,939 6,690 3 ,967 10,871 13,473 28,876 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 $ 2,120 million was outstanding at the end of the latest statement week. 2 5?etof$ 2,500 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 436 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 $ 24 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 January 4, 1984 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES . Federal Reserve notes 157,307 9,051 49,683 5,850 8,863 13,831 3,135 22,426 4,855 2,292 7,569 9,885 19,867 Deposits: 28,763 1,086 9,103 652 930 1,294 1,705 2,707 820 815 957 2,168 6,526 Depository institutions U.S. Treasury—general account 3,104 — 3,104 — — — — — — — — — — Foreign—official accounts 198 4 84 7 11 8 12 21 4 5 7 10 25 Other 429 1 370 .1 — 8 4 36 1 — 3 2 3 Total deposits 32,494 1 TTcm 12,661 660 941 1,310 1,721 2,764 825 820 967 2,180 6,554 Deferred availability cash items 13,553 394 1,013 456 453 3,013 907 980 860 720 2,072 1,024 1,661 Other liabilities and accrued dividends 1 2,515 107 912 78 139 190 62 362 66 31 119 156 293 TOTAL LIABILITIES 205,869 10,643 64,269 7,044 10,396 18,344 5,825 26,532 6,606 3,863 10,727 13,245 28,375 CAPITAL ACCOUNTS Capital paid in 1,465 40 357 71 101 74 122 192 40 51 68 108 241 Surplus 1,465 40 357 71 101 74 122 192 40 51 68 108 241 Other capital accounts 107 6 — 5 10 14 4 23 4 2 8 12 19 TOTAL LIABILITIES AND CAPI"FF AALL 208,906 10,729 64,983 7,191 10,608 18,506 6,073 26,939 "6,690 3,967 10,871 13,473 28,876 ACCOUNTS FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 178,583 10,071 52,795 8,139 9,712 15,538 5,660 24,552 5,773 2,797 9,797 11,740 22,009 Less-Held by F.R. Banks 21,276 1,020 3,112 2,289 849 1,707 2,525 2,126 918 505 2,228 1,855 2,142 F.R. notes, net 157,307 9,051 49,683 5,850 8,863 13,831 3,135 22,426 4,855 2,292 7,569 9,885 19,867 222 Collateral held against F.R. notes: Gold certificate account 11,121 Special Drawing Rights certif. acct. 4,618 Other eligible assets - o - U.S. govt, and agency securiti eess 141,568 Total collateral | 157,307 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. 2 Effective October 12, 1983 Federal Reserve notes are collateralized in the aggregate, rather than Bank by Bank. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis