H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Reserves of Depository Insitutions and Condition Statement of F.R. Banks H.4.1 For release at 4:15 p.m. Eastern time February 23, 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 22,* February 15, February 23, February 22,* IQftA TQftA iQftr IQftA Reserve Bank credit: pi 2 U.S. government securities- Bought outright—system account 148,641 ! + 921 +13,870 148,903 Held under repurchase agreements — — - 1,671 — Federal agency obligations- Bought outright 8,568 2 - 356 8,568 Held under repurchase agreements — — 85 — Acceptances- Bought outright — — — — Held under repurchase agreements — — 68 — Loans to depository institutions 634 - 119 + 159 376 Includes: seasonal borrowing of 114 + 20 + 69 120 extended credit of 6 + 1 329 7 Float 1,004 67 - 528 ~ 1,543 OOtthheerr FF..RR.. aasssseettss 7,961 957 897 8,086 TToottaall RReesseerrvvee BBaannkk ccrreeddiitt 166,807 226 +10,423 1 167,476 Gold stock 1111,,111177 2 22 1111,,111177 Special Drawing Rights certificate account 44,,661188 44,,661188 Treasury currency outstanding 1155,,773322 — + 600 1155,,773322 Total Factors 198,274 - 228 +11,001 198,943 Currency in circulation** 167,338 20 +14,112 167,540 Treasury cash holdings** 489 + 7 + 27 486 Treasury deposits with F.R. Banks 4,864 + 466 + 1,643 5,693 Foreign deposits with F.R. Banks 215 3 + 5 195 Other deposits with F.R. Banks 566 64 + 60 524 Service-related balances and adjustments 3 1,311 263 + 790 1,073 Other F.R. liabilities and capital 5,420 77 + 650 5,277 180,201 + 44 +17,285 180,788 Reserve balances with F.R. banks 4 18,072 272 1 - 6,282 1 18,156 On February 22, 1984 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 116,650 million, a decrease of $30 million for the week. 1 Net of $ 2,215 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 2,215 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 1,969 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 1,969 million was with foreign official and international accounts. Includes $ 145 million securities loaned—fully secured by U.S. government securities. 3 Consists of required clearing balances of $ 1,073 million and adjustments of $ 238 million to compensate for float. 4 Excludes required clearing balances and adjustments to compensate for float. •Estimated (Atlanta 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 22, 1984 February 15, 1984 February 23, 1983 ASSETS Gold certificate account 11,117 - 1 22 Special Drawing Rights certificate account 4,618 -- .- Coin 531 + 1 + 26 Loans 376 - 1,842 91 Acceptances- Held under repurchase agreements __ - 245 Federal agency obligations- Bought outright 8,568 -- - 356 Held under repurchase agreements1 -- -- 139 U.S. government securities: Bought outright—Bills 64,455 + 1,332 +11,672 Notes 62,921 -- + 734 Bonds 2211,,552277 -- + 2,532 Total bought outright2 114488,,990033 + 1,332 +14,938 Held under repurchase agreements'! -- -- - 4,165 Total U.S. government securities 148,903 + 1,332 +10,773 Total loans and securities 157,847 . 510 + 9,942 Cash items in process of collection (3,203) 11,700 + 1,288 - 713 Bank premises 549 ._ 3 Other assets3 7,537 + 68 " 1?100 TOTAL ASSETS ((33,,220033 ) 193,899 +_ 846 + 8,130 LIABILITIES ^ w Federal Reserve notes 152,824 - 105 +13,128 Deposits: - Depository institutions 19,229 - 1,537 - 9,027 U.S. Treasury—general account 5,693 + 816 + 3,050 Foreign—official accounts 195 - 65 15 Other (1) 524 - 83 + 21 Total deposits (1) 25,641 - 869 + 5,971 Deferred availability cash items (3,202) 10,157 + 1,832 + 402 Other liabilities and accrued dividends* 2,023 - 10 + 384 TOTAL LIABILITIES (3,203) 190,645 + 848 + 7,943 CAPITAL ACCOUNTS Capital paid in 1,478 -- + 91 Surplus 1,465 -- + 106 Other capital accounts 311 - 2 10 * 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 $ 1,725 million was outstanding at the end of the latest statement week. 2 Net of $1,969 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 145 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 $ 51 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 (Atlanta District), MATURITY DISTRIBUTION OF LOANS AND SECURITIES, February 22, 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 359 -- 8,530 + 2,081 176 -- 16 days to 90 days 17 -- 31,242 + 1,000 643 .- 91 days to 1 year -- -- 41,,799 - 1,749 1,654 — Over 1 year to 5 years -- -- 34,506 -- 4,373 -. Over 5 years to 10 years — -- 14,196 -- 1,319 -- Over 10 years -- -- 1188,,663300 -- 440033 -. Total 376 -- 114488,,990033 + 1,332 88,,556688 « 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 22, 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 11,117 927 3,054 541 659 913 371 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 531 27 31 21 45 62 56 33 29 23 50 36 118 Loans 376 9 16 36 27 37 32 72 34 21 74 13 5 Acceptances held under repurchase agreements -- -- -- -- -- -- -- -- -- -- -- -- — Federal agency obligations: Bought outright 8,568 402 2,805 286 508 711 208 1,181 243 105 440 593 1,086 Held under repurchase agreements 1 -- -- -- -- -- — -- -- -- -- -- -- -- U.S. government securities: Bought outright—Bills 64,455 3 ,023 21,104 2,151 3 ,819 5,352 1,563 8,882 1,827 789 3,313 4,459 8,173 Notes 62,921 2 ,951 20,601 2,099 3 ,728 5,225 1,526 8,671 1,783 770 3,234 4,354 7,979 Bonds 21,527 1_, 010 7,048 718 1_| 275 1.788 522 2,967 610 263 1,106 1,490 2,730 Total bought outright 2 148,903 6 ,984 48,753 4,968 8 ,822 12,365 3,611 20,520 4,220 1,822 7,653 10,303 18,882 Held under repurchase agreements 1 -- -- — -- -- -- -- -- -- — — -- Total U.S. government securities 148,903 6~, 984 48,753 4,968 8", 822 12,365 3,611 20,520 4,220 1,822 7,653 10,303 18,882 Total loans and securities 157,847 7 ,395 51,574 5,290 9 ,357 13,113 3,851 21,773 4,497 1,948 8,167 10,909 19,973 Cash items in process of collection 14,903 481 1,313 495 574 2,997 1,197 1,487 821 578 1,709 1,239 2,012 Bank premises 549 96 25 50 27 105 35 20 16 26 25 18 106 Other assets 3 7,537 239 1,939 292 421 433 412 950 190 175 330 1,179 977 Interdistrict settlement account -0- + 498 + 2»569 4- 116 - 949 + 284 222 467 - 418 + 284 - 1,266 - 1,882 + 1,453 TOTAL ASSETS 197,102 9 ,904 61,840 7,030 10 ,436 18,315 5,861 25,946 5,773 3,238 9,861 12,559 26,339 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, 725million was outstanding at the end of the latest statement week. 2 Net of $ 1,969 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 145 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 $ 51 million in Treasury Bills maturing within 90 days. * Estimated (Atlanta 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 22, 1984 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond * Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES f Federal Reserve notes 152,824 8,613 48,701 5,557 8,916 14,040 3,043 21,824 4,475 2,136 7,291 9,532 18,696 Deposits: Depository institutions 19,229 584 4,237 799 738 985 1,585 2,405 392 417 650 1,579 4,858 U.S. Treasury—general account 5,693 — 5,693 — — — — — — — — — Foreign—official accounts 195 4 82 7 10 8 12 20 4 5 7 11 25 Other J 525 1__ 441 — 1 16 1 60 — — 2 1 2 Total deposits 1 25,642 589 10,453 806 749 1,009 1,598 2,485 396 422 659 1,591 4,885 Deferred availability cash items 13,359 513 1,209 442 430 2,939 911 926 754 544 1,656 1,056 1,979 Other liabilities and accrued dividends1 I 2,023 93 662 69 120 160 53 285 58 2277 103 137 256 TOTAL LIABILITIES 1 193,848 97808 61,025 6,874 10,215 18,148 5,605 25,520 5,683 33,,112299 9,709 12,316 25,816 CAPITAL ACCOUNTS Capital paid in 1,478 41 358 73 102 72 124 193 41 52 69 110 243 Surplus 1,465 40 357 71 101 74 122 192 40 51 68 108 241 Other capital accounts 311 15__ 100 12 18 n 10 41__ J) 6 15 25 39 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 197,102 9,904 61,840 7,030 10,436 18,315 5,861 25,946 5,773 3,238 9,861 12,559 26,339 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 181,988 10,078 53,984 8,036 10,101 16,164 6,167 24,495 5,730 2,774 10,013 11,800 22,646 Less-Held by F.R. Banks 29,164 1,465 5,283 2,479 1,185 2,124 3,124 2,671 1,255 638 2,722 2,268 3,950 F.R. notes, net 152,824 8,613 48,701 5,557 8,916 14,040 3,043 21,824 4,475 2,136 7,291 9,532 18,696 Collateral held against F.R. notes: Gold certificate account 11,117 Special Drawing Rights certif. acct. 4,618 Other eligible assets -0- U.S. govt, and agency securities 137,089 Total collateral 152,824 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. *Estimated (Atlanta District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis