H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE •*m&y 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 27, 1984 Averages of daily figures (millions of dollars) RReesseerrvveess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss,, WWeeeekk eennddeedd Change from week ended Wednesday RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss JJaannuuaarryy 2255,, January 18, January 26, January 25, 11998844 1983' 1984 Reserve Bank credit: 1 2 U.S. government securities- Bought outright—system account 150,586 1,236 + 16,847 149,699 Held under repurchase agreements 680 + 680 + 382 2,215 Federal agency obligations- Bought outright 8,626 9 302 8,605 Held under repurchase agreements 65 + 65 + 47 220 Acceptances- Bought outright Held under repurchase agreements 10 + 10 11 35 Loans to depository institutions 505 279 + 180 646 Includes: seasonal borrowing of 96 + 17 + 62 99 extended credit of 6 + 2 191 6 Float 1,495 + 105 1,099 3,795 Other F.R. assets 8,859 + 156 1,202 9,052 Total Reserve Bank credit 170,825 508 + 14,840 174,267 Gold stock 11,120 1 24 11,120 Special Drawing Rights certificate account 4,618 4,618 Treasury currency outstanding 13,786 13,786 Total Factors 200,349 509 + 14,816 203,791 Currency in circulation* 165,418 1,750 + 14,230 164,786 Treasury cash holdings* 481 + 3 + 38 484 Treasury deposits with F.R. Banks 5,252 + 2,134 + 1,343 7,331 Foreign deposits with F.R. Banks 216 9 5 198 Other deposits with F.R. Banks 427 38 175 435 Service-related balances and adjustments3 1,973 121 + 1,499 1,049 Other F.R. liabilities and capital 5,573 162 + 708 5,445 179,341 + 57 + 17,639 179,728 Reserve balances with F.R. Banks4 21,007 566 2,823 24,062 Total vault cash 23,137 853 + 1,301 23,137 (a) Vault cash at institutions with required reserve balances 15,637 + 292 + 745 15,637 (b) Vault cash equal to required reserves at other institutions 3,664 587 + 863 3,664 (c) Surplus vault cash at other institutions^ 3,836 558 307 3,836 Reserve balances + total vault cash* 44,144 1,419 1,522 47,199 Reserve balances + total vault cash used to satisfy reserve requirements^ 40,308 861 1,215 43,363 Required reserves 39,672 887 1,350 39,672 Excess reserve balances at F.R. Banks7 636 + 26 + 135 3,691 OnJanuary 25,1984 , marketable U.S. government securities held In custody by the Federal Reserve Banks for foreign official and international accounts were $111,733 million, a decrease of $386 million for the week. 1 Net of $ 2,362 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 2,362 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. govern ment securities. 2 Net of $ 3,249 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $3,249 million was with foreign official and international accounts. Includes $ 61 million securities loaned—fully secured by U.S. government securities. 3 Consists of required clearing balances of $1 »049 million and adjustments of $ 924 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 ii ** WWeeddnneessddaayy Wednesday Wednesday January 25, 1984 January r 18, 1984 January 26, 1983 ASSETS Gold certificate account 11,120 .. 24 Special Drawing Rights certificate account 4,618 — -- Coin 478 + 27 12 Loans % 646 . 2,716 + 157 Acceptances— * * Held under repurchase agreements 35 + 35 113 Federal agency obligations- Bought outright 8,605 - 30 - 323 Held under repurchase agreements1 220 + 220 + 91 U.S. government securities: Bought outright—Bills 64,951 - 3,839 +13,021 Notes 63,934 -- + 1,308 Bonds 2200,,881144 -- + 2,258 Total bought outright? 114499,,669999 - 3,839 +16,578 Held under repurchase agreements1 2,215 + 2,215 + 130 Total U.S. government securities 151,914 - 1,624 +16,708 Total loans and securities 161,420 - 4,115 +16,520 Cash items in process of collection (3,679) 11,293 + 1,453 + 2,461 Bank premises 549 + 1 3 Other assets 3 8,503 + 191 - 934 TOTAL ASSETS ((33,,667799)) 197,981 ^_ 2,443 +18,008 LIABILITIES Federal Reserve notes 151,963 - 1,802 +13,721 Deposits: Depository institutions 25,146 - 3,617 - 2,285 U.S. Treasury—general account 7,331 + 3,410 + 5,191 Foreign—official accounts 198 + 27 19 Other (1) 400 + 2 199 Total deposits (1) 33,075 - 178 + 2,688 Deferred availability cash items (3,678) 7,498 - 462 + 882 Other liabilities and accrued dividends4 2,210 - 21 + 505 TOTAL LIABILITIES (3,679) 194,746 - 2,463 +17,796 CAPITAL ACCOUNTS Capital paid in 1,467 + 2 + 91 Surplus 1,465 -- + 106 Other capital accounts 303 + 18 + 15 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 $ -o- million was outstanding at the end of the latest statement week. Net of $ 3,249 million matched sale-purchase transactions outstand ng at the end of the latest statement week. Includes $ 61 mlllion 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 $ 43 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 25, 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 LLooaannss AAcccceeppttaanncceess Holdings Weekly changes Holdings Weekly changes Within 15 days 622 35 6,723 + 434 315 + 75 16 days to 90 days 24 -- 37,089 - 229 683 + 137 91 days to 1 year — — 42,527 - 1,829 1,815 - 112 Over 1 year to 5 years — -- 34,162 -- 4,290 + 104 Over 5 years to 10 years I -- 13,399 -. 1,319 - 14 Over 10 yaars -- — 1188,,001144 — 440033 -- Total I 646 35 115511,,991144 - 1,624 88,,882255 + 190 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 25, 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 478 24 26 ?0 43 59 50 31 24 21 47 34 99 Loans 646 16 29 102 6 113 86 83 41 24 89 24 33 Acceptances held under repurchase agreements 35 « 35 — -- — -- -- -- -- -- _. -- Federal agency obligations: Bought outright 8,605 404 2,817 287 510 715 209 1,186 244 105 442 595 1,091 Held under repurchase agreements 1 220 -- 220 -- -- -- -- -- -- -- -- -. ... U.S. government securities: Bought outright-Bills 64,951 3 ,047 21,265 2 ,167 3,848 5,394 1,575 8,951 1,841 794 3,339 4,494 8,236 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 2 149,699 7 ,022 49,012 4 ,994 8,869 12,431 3,630 20,630 4,243 1,832 7,695 10,358 18,983 Held under repurchase agreements 1 2,215 — 2,215 -- -- -- -- -- -- -- -- __ -- Total U.S. government securities 151,914 7 ,022 51,227 4", 994 8,869 12,431 3,630 20,630 4,243 1,832 7,695 10,358 18,983 Total loans and securities 161,420 7 ,442 54,328 5 ,383 9,385 13,259 3,925 21,899 4,528 1,961 8,226 10,977 20,107 Cash items in process of collection 14,972 727 1,249 738 467 3,199 1,367 1,260 707 465 1,386 1,175 2,232 Bank premises 549 96 25 50 28 105 34 20 16 26 25 18 106 Other assets 3 8,503 279 2,303 323 484 507 446 1,059 216 188 373 1,222 1,103 Interdistrict settlement account -0- + 167 + 3,008 - 185 376 142 680 197 183 + 1,002 - 1,307 - 1,822 + 715 TOTAL ASSETS 201,660 9 ,903 65,331 7 ,095 10,992 18,308 5,674 26,222 5,946 3,867 9,596 12,664 26,062 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 $ -0- million was outstanding at the end of the latest statement week. 2 Net of $ 3,249 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 61 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 25, 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 151,963 8,536 48,707 5,517 8,862 13,894 2,641 21,853 4,553 2,155 7,181 9,375 18,689 Deposits: Depository institutions 25,146 830 6,476 905 1,533 1,191 1,853 2,840 693 551 960 2,136 5,178 U.S. Treasury-general account 7,331 7,331 Foreign-official accounts 198 4 85 7 10 8 12 20 4 5 7 11 25 Other 401 319 1 22 2 51 2 1 3 Total deposits 33,076 834 14,211 912 1,544 1,221 1,867 2,911 697 556 969 2,148 5,206 Deferred availability cash items 11,176 336 833 440 238 2,848 858 737 548 1,022 1,186 757 1,373 Other liabilities and accrued dividends1 2,210 99 765 72 127 174 57 297 61 28 109 149 272 TOTAL LIABILITIES 198,425 9,805 64,516 6,941 10,771 18,137 5,423 25,798 5,859 3,761 9,445 12,429 25,540 CAPITAL ACCOUNTS Capital paid in 1,467 40 357 73 101 72 122 192 40 51 68 109 242 Surplus 1,465 40 357 71 101 74 122 192 40 51 68 108 241 Other capital accounts 303 18 101 10 19 25 7 40 7 4 15 18 39 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 201,660 9,903 65,331 7,095 10,992 18,308 5,674 26,222 5,946 3,867 9,596 12,664 26,062 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 180,561 9,945 53,777 8,082 10,103 15,994 5,904 24,645 5,734 2,819 9,593 11,677 22,288 Less-Held by F.R. Banks 28,598 1,409 5,070 2,565 1,241 2,100 3,263 2,792 1,181 664 2,412 2,302 3,599 F. R. notes, net 151,963 88,,553366 4488..770077 55..551177 88;; 886622 ll33,,889944 22 **4411 2211,,885533 44,,555533 22,,ii5555 77,,118811 99,,337755 18,689 Cuiiaierai 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 136,225 Total collateral 151,963 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