H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE 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 February 3, 1984 | Averages of daily figures (millions of dollars) RReesseerrvveess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss,, Week ended | Change from week ended 'Wednesday RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss February 1, I January 25, 1 February 2, 1 February 1, 1 Q8& * 1QS4 1Q8T 1984 * Reserve Bank credit: pi " 2 U.S. government securities- Bought outright—system account 150,346 - 240 + 17,767 150,672 Held under repurchase agreements 1,493 + 813 + 1,493 — Federal agency obligations- Bought outright 8,602 - 24 - 325 8,585 Held under repurchase agreements 1 109 + 44 + 109 — Acceptances- Bought outright — — — — Held under repurchase agreements 59 ' + 49 + 59 — Loans to depository institutions 677 + 172 + 294 1,292 Includes: seasonal borrowing of 109 + 13 + 72 77 extended credit of 3 - 3 - 208 2 Float 817 - 622 - 1,327 1,184 Other F.R. assets 9,000 +_ 141 - 747 9,302 Total Reserve Bank credit 171,103 + 334 + 17,323 171,035 Gold stock 11,120 — - 24 11,120 Special Drawing Rights certificate account 4,618 — — 4,618 Treasury currency outstanding 13,786 — — 13,786 Total Factors 200,627 ~ 334 __ 17,299 200,559 Currency in circulation** 164,355 _ 1,063 + 13,774 164,609 Treasury cash holdings** 484 + 3 + 38 481 Treasury deposits with F.R. Banks 7,180 + 1,928 • + 4,749 6,682 Foreign deposits with F.R. Banks 209 - 7 - 58 196 Other deposits with F.R. Banks 426 - 1 - 170 467 Service-related balances and adjustments3 1,598 - 375 + 1,119 1,047 Other F.R. liabilities and capital 5,651 + 78 + 833 5,538 179,903 + 562 + 20,286 179,020 _ _ Reserve balances with F.R. Banks* 20,724 227 2,986 21,538 Total vault cash 22,494 643 + 1,266 22,494 (a) Vault cash at institutions with required reserve balances 12,986 - 2,651 - 1,532 12,986 (b) Vault cash equal to required reserves at other institutions 5,580 + 1,916 + 2,903 5,580 (c) Surplus vault cash at other institutions5 3,928 + 92 - 105 3,928 Reserve balances + total vault cash* 43,218 _ 870 _ 1,720 44,032 Reserve balances + total vault cash used to satisfy reserve requirements^ 39,290 - 962 - 1,615 40,104 Required reserves 38,858 - 814 - 1,62"6 1 38,858 Excess reserve balances at F.R. Banks7 432 - 148 + 1,246 On February 1, 1984 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $112,407 million, an increase of $674 million for the week. 1 Net of $2,243 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $2,243 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. govern ment securities. 2 Net of $ 1 r 220 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 1,22Cmillion was with foreign official and international accounts. Includes $ 126 million securities loaned—fully secured by U.S. government securities. 3 Consists of required clearing balances of $ 1 >°47 million and adjustments of $ 551 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 (Minneapolis District). ** 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 February 1, 1984 January 25, 1984 February 2, 1983 ASSETS Gold certificate account 11,120 __ 24 Special Drawing Rights certificate account 4,618 _. Coin 499 + 21 9 Loans 1,292 + 646 + 759 Acceptances- Held under repurchase agreements 35 Federal agency obligations- Bought outright 8,585 _ 20 339 Held under repurchase agreements 1 220 U.S. government securities: Bought outright—Bills 66,224 + 1,273 +12,877 Notes 63,634 - 300 +, 1,008 Bonds 20,814 -- + 2,258 Total bought outright2 150,672 + 973 +16,143 Held under repurchase agreements 1 -- 2,215 Total U.S. government securities 150,672 _ 1,242 + 16,143 Total loans and securities L60,549 871 +16 563 Cash items in process of collection (2,343) 9,052 _ 2,241 937 Bank premises 548 _ 1 3 Other assets 3 8,754 + 251 529 TOTAL ASSETS ((22,,334433)) 195,140 jl 2,841 +15,061 LIABILITIES Federal Reserve notes 151,804 _ 159 +13,505 Deposits: Depository institutions 22,615 _ 2,531 - 3,032 U.S. Treasury—general account 6,682 _ 649 + 3,360 Foreign—official accounts 196 _ 2 30 Other (7) 437 + 37 197 Total deposits (7) 29,930 . 3,145 + 101 Deferred availability cash items (2,336) 7,868 + 370 + 518 Other liabilities and accrued dividends4 2,340 + 130 + 671 TOTAL LIABILITIES (2,343) 191,942 2,804 +14,795 CAPITAL ACCOUNTS Capital paid in 1,470 + 3 + 88 Surplus 1,465 .. + 106 Other capital accounts 263 - 40 + 72 * 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 $ 2,268 million was outstanding at the end of the latest statement week. 2 Net of $ 1,220 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $126 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 $49 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. ** Estimated (Minneapolis District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, February 1, 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 Hoidings |Weekly changes Holdings |Weekly changes Within 15 days 1,246 9, 501 + 2,778 118 197 16 days to 90 days 46 32 749 - 4,340 779 96 91 days to 1 year 43,160 + 633 1,676 139 Over 1 year to 5 years 34,149 13 4,290 Over 5 years to 10 years 13,099 300 1,319 Over 10 years 18,014 403 Total 1,292 150,672 - 1,242 8,585 240 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 February 1, 1984 Millions of dollars is 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 cert if. acct. 4,618 241 1,335 225 302 408 161 646 170 61 241 310 518 Coin 499 25 28 22 44 61 53 32 25 21 48 34 106 Loans 1,292 4 894 48 27 49 27 70 66 12 51 33 11 Acceptances held under repurchase agreements -- -- -- -- -- -- -- -- -- -- -- -- -- Federal agency obligations: Bought outright 8,585 403 2,811 286 509 713 208 1,183 243 105 441 594 1,089 Held under repurchase agreements 1 -- -- -- -- -- -- -- -- -_ -- __ ._ _„ U.S. government securities: Bought outright—Bills 66,224 3,106 21,682 2,210 3,924 5,500 1,606 9,126 1,877 810 3,403 4,582 8,398 Notes 63,634 2,985 20,834 2,123 3,770 5,284 1,543 8,769 1,804 779 3,271 4,403 8,069 Bonds 20,814 976 6,815 694 1,233 1,728 505 2,869 590 255 1,070 1,440 2,639 Total bought outright 2 150,672 7,067 49,331 5,027 8,927 12,512 3,654 20,764 4,271 1 ,844 7,744 10,425 19,106 Held under repurchase agreements 1 -- -- -- -- -- -- -- -- -- — — -- — Total U.S. government securities 150,672 7,067 49,331 5,027 8,927 12,512 3,654 20,764 4,271 1 ,844 7,744 10,425 19,106 Total loans and securities 160,549 7,474 53,036 5,361 9,463 13,274 3,889 22,017 4,580 1 ,961 8,236 11,052 20,206 Cash items in process of collection 11,395 363 1,143 384 320 2,348 601 1,145 688 502 1,524 773 1,604 Bank premises 548 96 25 50 27 105 34 20 16 26 25 18 106 Other assets 3 8,754 275 2,434 312 475 508 578 1,053 220 189 376 1,251 1,083 Interdistrict settlement account -0- + 367 + 3,545 132 788 4- 361 371 681 - 377 + 373 - 1,227 - 1,768 + 698 TOTAL ASSETS 197,483 9,768 64,603 6,763 10,502 17,978 5,316 25,736 5,790 3 ,276 9,828 12,420 25,503 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 $ 2,268 million was outstanding at the end of the latest statement week. 2 Net of $ 1»22° million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 126 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 $ 49 million in Treasury Bills maturing within 90 days. * Estimated (Minneapolis District)„ 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 February 1, 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 151,804 8,538 48,620 5,483 8,866 14,051 2,451 22,125 4,557 2,157 7,100 9,393 18,463 Deposits: Depository institutions 22,615 694 6,605 724 998 1,203 1,743 2,134 489 517 949 1,858 4,701 U.S. Treasury—general account 6,682 — 6,682 — — — — — — — — — — Foreign—official accounts 196 4 82 7 10 8 13 20 4 5 7 11 25 Other 444 1 334 1 2 33 4 62 1 " — 2 1 3 Total deposits 29,937 ! 699 13,703 732 1,010 1,244 1,760 2,216 494 522 958 1,870 4,729 Deferred availability cash items 10,204 339 773 323 263 2,343 629 678 590 461 1,509 770 1,526 Other liabilities and accrued dividends1 2,340 99 702 73 129 176 230 298 62 30 112 147 282 TOTAL LIABILITIES 194,285 9,675 63,798 6,611 10,268 17,814 5,070 25,317 5,703 3,170 9,679 12,180 25,000 CAPITAL ACCOUNTS Capital paid in 1,470 40 357 73 101 72 122 193 41 51 69 109 242 Surplus 1,465 40 357 71 101 74 122 192 40 51 68 108 241 Other capital accounts 263 13 91 8 32 18 2 34 6 4 12 23 20 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 197,483 9,768 64,603 6,763 10,502 17,978 5,316 25,736 5,790 3,276 9,828 12,420 25,503 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 180,707 10,003 53,967 8,025 10,089 16,189 5,742 24,787 5,700 2,809 9,568 11,628 22,200 Less-Held by F.R. Banks 28,903 1,465 5,347 2,542 1,223 2,138 3,291 2,662 1,143 652 2,468 2,235 3,737 F. R. notes, net 151,804 1 8,538 48,620 5,483 8,866 14,051 2,451 22,125 4,557 2,157 7,100 9,393 18,463 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 136,066 Total collateral 151,804 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. * Estimated (Minneapolis District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis