H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Reserves of Depository Institutions and • :*AL RE' Condition Statement of F.R. Banks H.4.1. For release at 4:15 p.m. Eastern time January 20, 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 18, January 11, January 19, January 18, 1984 1984 198 V ISM Reserve Bank credit: U.S. government securities- Bought outright—system account 151,822 ,340 15,612 153,538 Held under repurchase agreements 534 287 Federal agency obligations- Bought outright 8,635 7 302 8,635 Held under .repurchase agreements 20 7 Acceptances- Bought outright Held under repurchase agreements 7 55 Loans to depository institutions 784 221 319 3,362 Includes: seasonal borrowing of 79 10 49 83 extended credit of 4 2 109 4 Float 1,324 605 619 1,880 Other F.R. assets 8,703 79 1,556 8,860 Total Reserve Bank credit 171,267 2,215 + 13,104 176,275 Gold stock 11,121 25 11,120 Special Drawing Rights certificate account 4,618 4,618 Treasury currency outstanding 13,786 .13,786 Total Factors 200,792 2,215 13,079 205,799 Currency in circulation* 167,168 1,811 14,554 166,619 Treasury cash holdings* 478 11 41 480 Treasury deposits with F.R. Banks 3,118 340 3 3,921 Foreign deposits with F.R. Banks 225 9 48 171 Other deposits with F.R. Banks 465 6 124 431 Service-related balances and adjustments3 2,094 330 1,635 1,034 Other F.R. liabilities and capital 5,735 169 808 5,446 179,284 2,298 16,869 178,102 Reserve balances with F.R. Banks* 21,507 83 3,791 27,696 Total vault cash 23,990 2,480 1,803 23,990 (a) Vault cash at institutions with required reserve balances 15,345 400 544 15,345 (b) Vault cash equal to required reserves at other institutions 4,251 994 1,232 4,251 (c) Surplus vault cash at other institutions5 4,394 1,086 27 4,394 Reserve balances + total vault cash 4 45,497 2,563 1,988 51,686 Reserve balances + total vault cash used to satisfy reserve requirements© 41,103 1,477 2,015 47,292 Reouired reserves 40,559 1,569 1,938 40,559 Excess reserve balances at F.R. Banks? 544 92 77 6,733 On January 18, 1984 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 112,119 million, a decrease of $270 million for the week. 1 Net of $2,925 million, daily average, matched sale*purchase transactions outstanding during the latest statement week, of which a net of $ 2,925 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. govern ment securities. 2 Net of $1,208 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $1,208 million was with foreign official and international accounts. Includes $ 182 million securities loaned—fully secured by U.S. government securities. 3 Consists of required clearing balances of $ 1,034 million and adjustments of $ 1,060 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 iess 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 Wednesday Wednesday Wednesday January 18, 1984 January 11, 1984 January 19, 1983 ASSETS Gold certificate account 11,120 26 Special Drawing Rights certificate account 4,618 Coin 451 + 33 8 Loans 3,362 + 1 ,147 + 1,176 Acceptances- 385 Held under repurchase agreements Federal agency obligations- 8,635 -- 302 Bought outright -- -- 48 Held under repurchase agreements'! U.S. government securities: 68,790 - 202 +14,462 Bought outright—Bills 63,934 -- + 1,308 Notes 2200,,881144 -- + 2,258 Bonds 115533,,553388 - 202 +18,028 Total bought outright2 -- -- - 2,009 Held under repurchase agreements1 153,538 - 202 +16,019 Total U.S. government securities 165,535 + 945 -16,460 Total loans and securities (2,646) 9,340 -2 ,713 281 Cash items in process of collection .548 -- 2 Bank premises 8,312 + 137 - 1,367 Other assets 3 (2,646) 200,424 JLJ.L ,.59 9 +14,776 TOTAL ASSETS LIABILITIES Federal Reserve notes 153,765 - 1, 627 +14,466 Deposits: Depository institutions 28,763 - 1, 093 - 282 U.S. Treasury—general account 3,921 + 663 + 453 Foreign—official accounts 171 - 55 99 Other (2) 398 - 38 146 Total deposits (2) 33,253 - 523 74 Deferred availability cash items (2,644) 7,960 + 659 205 Other liabilities and accrued dividends* 2,231 - 60 + 394 TOTAL LIABILITIES (2,646) 197,209 - 1, 551 +14,581 CAPITAL ACCOUNTS _. Capital paid in 1,^-65 + 91 Surplus 1,^65 -- + 106 Other capital accounts 285 - 48 2 * Figures in parentheses are the eliminations made in the consolidating process. 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 $ 1,901 million was outstanding at the end of the latest statement week. 2 Net of $ 1,208 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 182 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 $ 43 million in Treasury bills maturing within 90 days. 4 Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange com mitments. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, January 18, 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 3,345 6,289 65 240 95 16 days to 90 days 17 37,318 + 88 546 95 91 days to 1 year 44,356 225 1,927 Over 1 year to 5 years 34,162 + 86 4,186 Over 5 years to 10 years 13,399 86 1,333 Over 10 years 18,014 403 Total 3,362 153,538 - 202 8,635 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 18, 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 11,120 927 3,057 541 659 913 371 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 451 22 25 19 40 56 47 28 24 21 47 33 89 Loans 3,362 138 1,790 50 6 124 21 917 64 5 92 19 136 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 68,790 3,226 22,523 2,295 4,076 5,713 1,668 9,480 1,950 841 3,536 4,760 8,722 Certificates: Special Other 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 2 153,538 7,201 50,270 5,122 9,097 12,750 3,723 21,159 4,352 1,879 7,892 10,624 19,469 Held under repurchase agreements 1 -- -- — -- -- -- -- -- -- -- -- -- -- Total U.S. government securities ~ 153,538 7,201 50,270 5,122 9,097 12,750 3,723 21,159 4,352 1,879 7,892 10,624 19,469 Total loans and securities 165,535 7,744 54,887 5,460 9,615 13,591 3,953 23,266 4,661 1,990 8,428 11,240 20,700 Cash items in process of collection 12,486 422 1,158 511 393 2,313 948 1,311 830 503 1,324 1,033 1,740 Bank premises 548 96 25 50 27 105 34 20 16 26 25 18 106 Other assets 3 8,312 276 2,185 311 470 507 430 1,048 212 185 369 1,213 1,106 Interdistrict settlement account -0- + 613 + 2,832 299 529 + 137 939 782 213 + 538 - 1,090 - 1,082 + 814 TOTAL ASSETS 203,070 10,341 65,504 6,818 10,977 18,030 5,005 27,041 6,168 3,467 9,949 13,515 26,255 1 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 $ 1,901 million was outstanding at the end of the latest statement week. 2 Net of $ 1,208 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 182 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 $ 43 million in Treasury Bills maturing within 90 days. * Less than $500,000. 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 18, 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 153,765 8,726 49,249 5,521 8,938 13,881 2,313 22,141 4,705 2,212 7,413 9,654 19,012 Deposits: Depository institutions 28,763 998 9,509 592 1,408 1,452 1,697 3,402 590 627 1,028 2,657 4,803 U.S. Treasury—general account 3,921 3,921 Foreign-official accounts 171 4 57 7 10 8 13 20 4 5 7 11 25 Other 400 1 311 2 24 1 54 3 1 3 Total deposits 33,255 1,003 13,798 599 1,420 1,484 1,711 3,476 594 632 1,038 2,669 4,831 Deferred availability cash items 10,604 414 941 471 265 2,309 671 689 717 488 1,232 801 1,606 Other liabilities and accrued dividends 1 2,231 104 727 75 133 183 58 308 63 30 115 151 284 TOTAL LIABILITIES 199,855 10,247 64,715 6,666 10,756 17,857 4,753 26,614 6,079 3,362 99,,779988 1133,,227755 25,733 CAPITAL ACCOUNTS Capital paid in 1,465 40 357 71 101 74 122 192 40 51 6688 110088 241 Surplus 1,465 40 357 71 101 74 122 192 40 51 6688 110088 241 Other capital accounts 285 14 75 10 19 25 8 43 9 3 1155 2244 40 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 203,070 10,341 65,504 6,818 10,977 18,030 5,005 27,041 6,168 3,467 99,,994499 1133,,551155 26,255 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 179 525 10 037: 53 7:27 8 032 10 044 i 5 aqn 5 244 24 746 5 724 2 775 r» -?r\/. 1 1 70C 11 0 /. r\ Less-Held by F.R. Banks 25*760 1,308 4*,178 2,511 T,106 1,969 2'931 2*,605 l!oi9 *563 2,291 A 2 X, , / 0 V 5 _ 1 f 3,228 F.R. notes, net 153,765 88,,772266 4499,,224499 55,,552211 88,,993388 1133,,888811 22,,331133 2222,,114411 44,,770055 22,,221122 77,,441133 99,,665544 19,012 Collateral held against F.R. notes: Gold certificate account 11,120 Special Drawing Rights certif. acct. 4,618 Other eligible assets - 0 - U.S. govt, and agency securities 138,027 Total collateral 153,765 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