H.4.1 Factors Affecting Reserve Balances of Depository Institutions

.•'<$F%& FEDERAL RESERVE '••f^f^V 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 13, 1984 Averages of daily figures (millions of dollars) RReesseerrvveess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss,, WWeeeekk eennddeedd Change from week ended WWeeddnneessddaayy RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss JJaannuuaarryy 1111,, JJaannuuaarryy 1111,, 1984 Ja THBP4' JartW? lz' 1984 Reserve Bank credit: 1 2 U.S. government securities- Bought outright—system account 153,162 + 2,042 + 17,698 153,740 Held under repurchase agreements 534 ~ 1,901 + 155 — Federal agency obligations- Bought outright 8,642 - 3 - 295 8,635 Held under repurchase agreements 20 - 255 1 19 — Acceptances- Bought outright — — — — Held under repurchase agreements 7 - 406 - 51 — Loans to depository institutions 563 - 734 + 138 2,215 Includes: seasonal borrowing of 69 - 4 + 38 71 extended credit of 2 - 3 - 131 3 Float 1,994 - 113 - 924 5,252 Other F.R. assets 8,624 + 77 - 1,114 8,723 Total Reserve Bank credit 173,547 - 1,292 + 15,589 178,565 Gold stock 11,121 — - 27 11,121 Special Drawing Rights certificate account 4,618 — — 4,618 Treasury currency outstanding 13,786 — — 13,786 Total Factors 203,072 ' -~ 1,292 — 15,563 208,090 Currency in circulation* 168,979 _ 1,177 + 14,812 168,291 Treasury cash holdings* 467 + 5 + 34 468 Treasury deposits with F.R. Banks 3,458 + 22 + 543 3,258 Foreign deposits with F.R. Banks 216 + 6 - 41 226 Other deposits with F.R. Banks 471 - 284 - 186 485 Service-related balances and adjustments3 2,424 + 891 + 1,973 1,020 Other F.R. liabilities and capital 5,566 + 52 + 685 5,554 181,582 - 484 + 17,822 179,302 _ _ Reserve balances with F.R. Banks* 21,489 808 2,259 28,787 Total vault cash 21,510 ' + 614 + 47 21,510 (a) Vault cash at institutions with required reserve balances 14,945 + 219 + 429 14,945 (b) Vault cash equal to required reserves at other institutions 3,257 + 162 + 240 3,257 (c) Surplus vault cash at other institutions5 3,308 + 233 - 622 3,308 Reserve balances + total vault cash 4 42,999 - 194 - 2,212 50,297 Reserve balances + total vault cash used to satisfy reserve requirements^ 39,691 _ 427 _ 1,590 46,989 Required reserves 38,990 - 189 - 2,000 38,990 Excess reserve balances at F.R. Banks7 701 | - 238 + 410 7,999 On January 11, 1984 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 112,389 million, a decrease of $1,797million for the week. 1 Net of $2 >085 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 2,085 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. govern ment securities. 2 Net of $1 >506 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 1,506 million was with foreign official and international accounts. Includes $ 248 million securities loaned—fully secured by U.S. government securities. 3 Consists of required clearing balances of $ 1,020 million and adjustments of $ l ,404 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. 5 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 11, 1984 January 4, 1984 January 12, 1983 ASSETS Gold certificate account 11,121 -_ 25 Special Drawing Rights certificate account 4,618 -- .- Coin 418 + 17 23 Loans 2,215 + 998 + 392 Acceptances- __ _ Held under repurchase agreements 436 - 406 Federal agency obligations- Bought outright 8,635 - 10 302 Held under repurchase agreements 1 -- - 329 275 U.S. government securities: Bought outright—Bills 68,992 + 593 +14,600 Notes 63,934 -- + 1,308 Bonds 2200,,881144 -- + '2,258 Total bought outright2 115533,,774400 +~ 593 +18,166 Held under repurchase agreements1 -- - 4,372 - 2,653 Total U.S. government securities 153,740 - 3,779 +15,513 Total loans and securities 164,590 - 3,556 +14,922 Cash items in process of collection (2,836] 12,553 - 348 + 2,723 Bank premises 548 - 1 1 Other assets 3 8,175 - 45 - 1,309 TOTAL ASSETS ((22,,883366>> 220022,,002233 z_3 ,933 +16,287 LIABILITIES Federal Reserve notes 155,392 - 1,915 +14,377 Deposits: Depository institutions 29,856 + 1,093 + 968 U.S. Treasury—general account 3,258 + 154 + 505 Foreign—official accounts 226 + 28 45 Other (4) 436 +_ 9 144 Total deposits (4) 33,776 + 1,284 + 1,284 Deferred availability cash items (2,832] 7,301 - 3,304 70 Other liabilities and accrued dividends* 2,291 - 224 + 433 TOTAL LIABILITIES (2,836> 198,760 ^ 4,159 +16,024 CAPITAL ACCOUNTS Capital paid in 1,465 -- + 98 Surplus 1,465 -- + 106 Other capital accounts 333 + 226 + 59 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 $ 1,253 million was outstanding at the end of the latest statement week. Net of $ 1,506 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 248 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 $ 36 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 11, 19 34 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 LLooaannss AAcccceeppttaanncceess Holdings |Weekly changes Holdings |Weekly changes -- _ Within 15 days 2,161 6,3 54 - 3,245 145 234 16 days to 90 days 54 -- 37,230 - 219 641 - 108 91 days to 1 year -- -- 44,531 315 1,927 + 13 Over 1 year to 5 years -- -- 34,076 -- 4,186 - 10 Over 5 years to 10 years -- -- 13,435 -- 1,333 — Over 10 years -- -- 1188,,001144 -- 440033 -_ Total 2,215 -- 115533,,774400 - 3,779 88,,663355 - 339 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 11, 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 418 21 23 17 38 51 42 26 23 20 45 30 82 Loans 2,215 178 1,294 64 211 96 13 164 18 9 39 23 106 Acceptances held under repurchase agreements -- — -- — -- -- -- -- -- -- -- -- --• Federal agency obligations: Bought outright 8,635 405 2,827 288 512 717 209 1,190 245 106 444 597 1,095 Held under repurchase agreements 1 -- -- -- -- -- -- -- -- -- -- -- -- -- U.S. government securities: Bought outright—Bills 68,992 3,236 22,589 2 ,302 4,088 5,729 1,673 9,508 1,955 844 3,546 4,774 3,748 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 20,814 976 6,815 694 1,233 1,728 505 2,868 590 255 1,070 1,440 2,640 Total bought outright 2 153,740 7,211 50,336 5 ,129 9,109 12,766 3,728 21,187 4,357 1 ,882 7,902 10,638 19,495 Held under repurchase agreements 1 -- -- -- -- -- -- -- -- -- -- _- ,_ _-' Total U.S. government securities j 153,740 7,211 50,336 5 ,129 9,109 12,766 3,728 21,187 4,357 1 ^882 7,902 10 ,"638 19,495 Tntal loans and securities 164,590 7,794 54,457 5 ,481 9,832 13,579 3,950 22,541 4,620 1 ,997 8,385 11,258 20,696 Cash items in process of collection 15,389 962 2,470 857 519 2,857 1,214 1,391 697 506 1,489 886 1,541 Bank premises 548 96 25 50 27 105 34 20 16 26 25 18 106 Other assets 3 8,175 264 2,135 285 472 496 413 1,087 215 188 362 1,186 1,072 Interdistrict settlement account -0- + 69 + 1,533 + 158 - 1,235 520 - 635 768 49 + 505 918 - 1,674 -1- 3,534 TOTAL ASSETS 204,859 10,374 65,036 "7 ,614 10,614 17,889 5,550 26,447 6,160 t 3 ,446 10,234 12,764 28,731 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 $ 1,253 million was outstanding $x the end of the latest statement week. 2 Net of $ 1,506 million matched sale purchase transactions outstanding at the end of the latest statement week. Includes $ 248 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 $ 36 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 11, 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 Deposits: 155,392 8,893 49,391 5,713 8,846 13,922 2,724 22,236 4,807 2,285 7,472 9,737 19,366 Depository institutions 29,856 938 9,507 998 1,137 1,149 1,789 2,746 641 587 1,165 1,911 7,288 U.S. Treasury—general account 3,258 — 3,258 — — — — — — — — — Foreign—official accounts 226 4 112 7 11 8 12 21 4 5 7 10 25 Other 440 2 371 2 1 8 1 49 1 — 2 1 2 Total deposits 33,780 944 13,248 1,007 1,149 1,165 1,802 2,816 646 592 1,174 1,922 7,315 Deferred availability cash items 10,133 337 815 664 261 2,440 711 649 554 433 1,318 712 1,239 Other liabilities and accrued dividends 1 2,291 106 743 78 137 188 62 320 65 3300 111188 115555 289 TOTAL LIABILITIES 201,596 10,280 64,197 7,462 10,393 17,715 5,299 26,021 6,072 33,,334400 1100,,008822 1122,,552266 28,209 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 333 14 125 10 19 26 7 42 8 4 16 22 40 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 204,859 10,374 65,036 7,614 10,614 17,889 5,550 26,447 6,160 3,446 10,234 12,764 28,731 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 178,723 10,046 52,973 8,081 9,802 15,728 5,445 24,584 5,742 2,787 9,751 11,686 22,098 Less-Held by F.R. Banks 23.331 1,153 3,582 2,268 956 1,806 2,721 2,348 935 502 2,279 1,949 2,732 FF..RR.. nnootteess,, nneett 22 155,392 8,893 49,391 5,713 8,846 13,922 2 ,724 22,236 4,807 2,285 7,472 9,737 19,366 CCoollllaatteerraall hheelldd aaggaaiinnsstt FF..RR.. nnootteess:: Gold certificate account 11,121 Special Drawing Rights certif. acct. 4,618 Other eligible assets - 0 - U.S. govt, and agency securities 139,653 Total collateral 155,392 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