H.4.1 Factors Affecting Reserve Balances of Depository Institutions

'of£o^ FEDERAL RESERVE Factors Affecting Reserves of Depository Insitutions and MIR1 Condition Statement of F.R. Banks H.4.1 For release at 4:15 p.m. Eastern time March 1, 1984 I Averages of daily figures (millions of dollars) RReesseerrvveess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss,, _ _ _ _ __ T Change from week end_e d _____ Wednesday _ RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss Feb 1 ru 9 a 8 r 4 y * 29, FeblL9§Sy 22» "raft 2» Feb_^P 29' Reserve Bank credit: 2 U.S. government securities- Bought outright—system account 147,673 968 +13,426 140,847 Held under repurchase agreements — — 504 — Federal agency obligations- Bought outright 8,568 — - 355 8,568 Held under repurchase agreements — — 54 — Acceptances- Bought outright — — — — Held under repurchase agreements 39 — Loans to depository institutions 507 127 203 1,020 Includes: seasonal borrowing of 117 ++ 33 ++ 7744 111 extended credit of 8 ++ 22 -- 228877 9 Float 1,587 + 585 - 781 3,205 Other F.R. assets 8,120 + 159 - 824 8,315 Total Reserve Bank credit 166,455 350 +10,666 161,955 Gold stock 11,116 1 23 11,116 Special Drawing Rights certificate account 4,618 4,618 Treasury currency outstanding 15,732 , — + 587 15,732 Total Factors 197,921 351 +11,230 193,421 Currency in circulation** 166,888 449 +13,577 167,063 Treasury cash holdings** 485 4 + 10 482 Treasury deposits with F.R. Banks 4,415 449 + 1,519 3,226 Foreign deposits with F.R. Banks 220 + 5 47 247 Other deposits with F.R. Banks 537 29 + 6. 498 Service-related balances and adjustments 3 1,372 + 61 + 838 1,070 Other F.R. liabilities and capital 5,602 + 182 + 705 5,575 179,519 - 682 +16,608 178,161 Reserve balances with F.R. banks 4 18,402 + 332 - 5,376 15,260 On February 29, 1984 . marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official 'and international accounts were $119,391 million, an increase of $2,741million for the week. 1 Net of $ 3,369 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 2,522 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $10,369 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4,434 million was with foreign official and international accounts. Includes $ 477 million securities loaned—fully secured by U.S. government securities. 3 Consists of required clearing balances of $1,070 million and adjustments of $302 million to compensate for float. 4 Excludes required clearing balances and adjustments to compensate for float. •Estimated (Chicago 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 Wednesday ** Wednesday Wednesday February 29. 1984 February 22, 1984 March 2, 1983 ASSETS Gold certificate account 11,116 23 Special Drawing Rights certificate account 4,618 Coin 534 3 22 Loans I.,020 644 757 Acceptances- 275 Held under repurchase agreements Federal agency obligations- 8,568 - 355 Bought outright - 379 Held under repurchase agreements1 U.S. government securities: 56,399 - 8,056 + 4 ,764 Bought outright—Bills 62,921 — + 734 Notes 2211,,552277 — + 2 ,532 Bonds 114400,,884477 - 8,056 + 8 ,030 Total bought outright2 — — - 3 ,526 Held under repurchase agreements1 140,847 - 8,056 + 4 ,504 Total U.S. government securities 150,435 - 7,412 + 2 ,738 Total loans and securities (2,598) 10,732 940 - 1 ,747 Cash items in process of collection 549 — - 3 Bank premises 7,766 + 230 - 639 Other assets 3 (2,598) 185,750 - 8,120 348 TOTAL ASSETS LIABILITIES Federal Reserve notes 152,347 477 +12,545 Deposits: Depository institutions 16,330 - 2,879 -11 ,502 U.S. Treasury—general account 3,226 - 2,467 - 299 Foreign—official accounts 247 + 52 + 21 Other (5) 498 26 - 22 Total deposits (5) 20,301 - 5,320 -11 ,802 Deferred availability cash items (2,593) 7,527 - 2,618 - 1 ,204 Other liabilities and accrued dividends4 2,109 + 83 + 431 TOTAL LIABILITIES (2,598) 182,284 - 8,332 - 30 CAPITAL ACCOUNTS Capital paid in 1,482 + 4 + 94 Surplus 1,465 — + 106 Other capital accounts 519 + 208 + 178 * 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 $ -0- million was outstanding at the end of the latest statement week. 2 Net of $ 10,369million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 477 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 $ 55 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 (Chicago District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, FEBRUARY 29, 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 941 ~»- 4,499 -4,031 162 -14 16 days to 90 days 79 — 25,076 -6,166 688 +45 91 days to 1 year — 43,925 +2,126 1,587 -67 Over 1 year to 5 years —- 34,521 + 15 4,378" + 5 Over 5 years to 10 years — — 14,196 i;350~ +31 Over 10 years — — 18,630 — 403 — Total 1,020 — 140,847 -8,056 8,568 — 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 29, 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 11,116 927 3,053 541 659 913 371 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 534 28 31 21 45 63 54 32 29 23 51 36 121 Loans 1,020 19 16 43 189 105 31 83 26 135 81 197 95 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 56,399 2,645 18,466 1,882 3,342 4,683 1,367 7,772 1,599 691 2,899 3,902 7,151 Certificates: Special Other 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 2 140,847 6,606 46,115 4,699 8,345 11,696 3,415 19,410 3,992 1 ,724 7,239 9,746 17,860 Held under repurchase agreements 1 -- -- -- -- -- -- -- -- -- -- -- -- -- Total U.S. government securities 140,847 6,606 '46,115 4,699 8,345 11,696 3,415 19,410 3,992 1 ,724 7,239 9,746 17,860 Total loans and securities 150,435 7,027 48,936 5,028 9,042 12,512 3,654 20,674 4,261 1 ,964 7,760 10,536 19,041 Cash items in process of collection 13,330 438 1,092 459 709 2,789 869 1,487 793 518 1,371 1,056 1,749 Bank premises 549 96 25 50 27 105 35 20 16 26 25 18 106 Other assets 3 7,766 248 1,992 294 449 441 421 967 195 187 338 1,192 1,042 Interdistrict settlement account -0- + 791 + 160 - 642 + 728 - 152 - 94 - 274 + 363 - 693 -1,564 - 273 TOTAL ASSETS 188,348 9,796 58,114 6,778 10,591 17,959 5,413 • 25,236 5,658 3 ,285 9,698 12,334 23,486 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 $ 10,369 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 477 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 $ 55 million in Treasury Bills maturing within 90 days. * Estimated (Chicago 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 29, 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 1 152,347 8,671 48,675 5,557 8,939 13,959 2,815 21,806 4,421 2,095 7,318 9,544 18,547 Deposits: Depository institutions 16,330 609 3,336 712 991 1,024 1,593 2,036 496 592 840 1,493 2,608 U.S. Treasury—general account 3,226 — 3,226 — — — — — — — Foreign—official accounts 247 4 133 7 10 8 13 20 4 5 7 11 25 Other 503 I 405 1 2 17 22 6677 — 1 2 2 3 Total deposits 20,306 614 7,100 720 1,003 1,049 11,,660088 22,,112255 500 598 849 1,503 27636 Deferred availability cash items 10,120 313 791 261 290 2,607 662 536 583 448 1,265 884 1,480 Other liabilities and accrued dividends 1 2,109 97 684 71 125 164 55 309 60 29 107 142 266 TOTAL LIABILITIES 184,882 9,695 57,250 6,609 10,357 17,779 5,140 24,774 5,564 3,170 9,539 12,076 22,929 CAPITAL ACCOUNTS Capital paid in 1,482 41 358 76 102 72 125 193 41 52 69 110 243 Surplus 1,465 40 357 71 10 i 74 122 192 40 51 68 108 241 Other capital accounts 519 20 149 22 31 34 26 77^ 13 12 22 40 73 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 188,348 9,796 58,114 6,778 10,591 17,959 5,413 25,236 5,658 3,285 9,698 12,334 23,486 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 182,185 10,159 54,224 8,277 10,126 16,142 5,963 24,479 5,693 2,813 10,033 11,784 22,492 Less-Held by F.R. Banks 29,838 1,488 5,549 2,720 1.187 2,183 3,148 2,673 1,272 718 2,715 2,240 3,945 F.R. notes, net 152,347 8,671 48,675 5,557 8,939 13,959 2,815 21,806 4,421 2,095 7,318 9,544 18,547 Collateral held against F.R. notes: Gold certificate account 11,116 Special Drawing Rights certif. acct. 1 4,618 Other eligible assets -0- U.S. govt, and agency securities 136,613 Total collateral j 152,347 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. Estimated (Chicago District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis