H.4.1 Factors Affecting Reserve Balances of Depository Institutions

;sisygs&-. FEDERAL RESERVE Factors Affecting Reserve Balances of Depository Insitutions and AL RE^> Condition Statement of F.R. Banks H.4.1 For release at 4:15 p.m. Eastern time March 8, 1984 Averages of daily figures (millions of dollars) Reserve balances of depository institutions at F.R. Banks, Week ended Change from week ended Wednesday Reserve Bank credit, and related items March 7, February Z9, March 9, March 7, 1984 1984 1983 _ 1984 Reserve Bank credit: 1» 2 167,087 + 679 + 12,251 165,964 U.S. government securities- Bought outright—system account 149,196 + 1,523 + 14,875 149,280 Held under repurchase agreements Federal agency obligations- Bought outright 8,568 355 8,568 Held under repurchase agreements Acceptances- Bought outright Held under repurchase agreements Loans to depository institutions 493 14 133 414 Includes: seasonal borrowing of 117 73 114 extended credit of 8 289 9 Float 461 1,076 1,826 1,181 Other F.R. assets 8,369 + 245 311 8,883 Gold stock 11,116 12 11,116 Special Drawing Rights certificate account 4,618 4,618 Treasury currency outstanding 15,782 622 15,782 Total factors supplying reserve funds 198,603 678 12,851 197,480 Currency in circulation** 167,519 575 13,452 168,135 Treasury cash holdings** 482 3 9 482 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,557 858 152 3,564 Foreign 258 38 2 294 Service-related balances and adjustments 3 1,454 82 904 1,088 Other 605 68 85 519 Other F.R. liabilities and capital 5,719 120 874 5,430 Total factors, other than reserve balances, absorbing reserve funds 179,595 23 15,171 179,512 Reserve balances with F.R. Banks 4 19,009 656 2,319 17,969 On March 7, 1984 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 117,970 million, a decrease of $1,421 million for the week. 1 Net of $ 2,116 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 2,116 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 2,228 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 2,228 million was with foreign official and international accounts. Includes $ 106 million securities loaned—fully secured by U.S. government securities. 3 Consists of required clearing balances of $ 1,088 million and adjustments of $ 366 million to compensate for float. 4 Excludes required clearing balances and adjustments to compensate for float. * 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 .**<* March 7, 1984 February 29, 1984 March 9, 1983 ASSETS Gold certificate account 11,116 22 Special Drawing Rights certificate account 4,618 ._„ Coin 533 1 + 23 Loans 414 606 + 47 Acceptances— Held under repurchase agreements Federal agency obligations- Bought outright 8,568 355 Held under repurchase agreements'! U.S. government securities: Bought outright—Bills 64,832 + 8,433 + 11,131 Notes 62,921 — + 734 Bonds 21,527 — + 2,532 Total bought outright* 149,280 + 8,433 +14,397 Held under repurchase agreements1 Total U.S. government securities 149,280 + 8,433 +14,397 Total loans and securities 158,262 + 7,827 +14,089 Cash items in process of collection (2,366) 5,943 - 5,250 - 2,891 Bank premises 549 — 4 Other assets 3 8,334 + 540 + 26 TOTAL ASSETS (2,366) 189,355 + 3,116 +11,221 LIABILITIES Federal Reserve notes 153,367 984 +12,692 Deposits: Depository institutions 19,057 + 2,727 - 3,332 U.S. Treasury—general account 3,564 + 338 + 157 Foreign—official accounts 294 + 47 + 97 Other (9) 519 + 21 + 22 Total deposits (9) 23,434 + 3,133 - 3,056 Deferred availability cash items (2,357) 7,124 - 876 + 832 Other liabilities and accrued dividends4 2,159 + 60 + 536 TOTAL LIABILITIES 186,084 + 3,301 +11,004 CAPITAL ACCOUNTS Capital paid in 1,493 + 11 + 104 Surplus 1,465 — + 106 Other capital accounts 313 - 196 + 7 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 $ 1,597 million was outstanding at the end of the latest statement week. Net of $ 2,228 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 106 million 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 $ 50 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, March 7, 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 365 — 9,284 + 4,785 61 101 16 days to 90 days 49 — 29,061 + 3,985 761 + 73 91 days to 1 year — — 43,587 - 338 1,627 + 40 Over 1 year to 5 years — — 34,522 + 1 4,356 22 Over 5 years to 10 years — — 14,196 — 1,360 + 10 Over 10 years ~ — 1188,,663300 __ 440033 — Total 414 — 114499,,228800 + 8,433 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 March 8, 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 533 27 30 22 46 62 53 32 30 23 51 35 122 Loans 414 7 10 44 1 27 30 58 61 21 69 83 3 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 l — — — — — — — — — — ~ ~ — U.S. government securities: Bought outright—Bills 64,832 3,041 21,227 2,163 3 ,841 5,383 1,572 8,934 1,838 794 3,333 4,485 8,221 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 2 149,280 7,002 48,876 4,980 8 ,844 12,396 3,620 20,572 4,231 1,827 7,673 10,329 18,930 Held under repurchase agreements 1 — — — — — — — — — — — — — Total U.S. government securities 149,280 7,002 48,876 4,980 8", 844 12,396 3,620 20,572 4,231 1,827 7,673 10,329 18,930 Total loans and securities 158,262 7,411 51,691 5,310 9 ,353 13,134 3,858 21,811 4,535 1,953 8,182 11,005 20,019 Cash items in process of collection 8,309 260 619 282 246 424 756 1,176 610 400 1,280 752 1,504 Bank premises 549 96 25 50 27 105 35 20 16 26 25 18 106 Other assets 3 8,334 255 2,051 317 456 726 465 998 200 252 350 1,215 1,049 Interdistrict settlement account -0- + 930 + 1,164 42 - 929 + 2,119 550 884 312 + 223 910 - 1,378 + 569 TOTAL ASSETS 191,721 10,147 59,968 6,705 10 ,160 17,891 5,149 25,303 5,717 3,081 9,824 12,707 25,069 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 $ 1,597 million was outstanding at the end of the latest statement week. 2 Net of $ 2,228 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 106 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 $ 50 million in Treasury Bills maturing within 90 days. 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 March 8 , 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 153,367 8,790 48,841 5,615 9,005 14,064 2,793 22,010 4,511 2,124 7,405 9,572 18,637 Deposits: Depository institutions 19,057 788 4,689 564 549 1,429 1,348 1,847 472 347 894 1,975 4,155 U.S. Treasury—general account j 3,564 3,564 Foreign—official accounts j 294 4 181 7 10 8 12 20 4 5 7 11 25 Other 528 1 407 4 44 3 66 1 1 1 Total deposits 23,443 793 8,841 571 556633 11,,448811 11,,336633 11,,993333 447766 335522 990022 11,,998877 4,181 Deferred availability cash items 9,481 371 773 284 224433 11,,998833 667766 663399 557744 446688 11,,225566 775533 1,461 Other liabilities and accrued dividends 1 2,159 98 695 73 112288 119966 6600 229955 6611 2288 110077 115511 267 TOTAL LIABILITIES 188,450 10,052 59,150 6,543 99,,993399 1177,,772244 44,,889922 2244,,887777 55,,662222 22,,997722 99,,667700 1122,,446633 24,546 CAPITAL ACCOUNTS Capital paid in 1,493 41 367 77 110022 7722 112255 119933 4411 5522 6699 111111 243 Surplus 1,465 40 357 71 110011 7744 112222 119922 4400 5511 6688 110088 241 Other capital accounts 313 14 94 14 1188 2211 1100 4411 1144 66 1177 2255 39 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 191,721 10,147 59,968 6,705 10,160 17,891 5,149 25,303 5,717 3,081 9,824 12,707 25,069 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 182,499 10,217 54,436 8,445 10,111 16,123 555,,,777666666 222444,,,666444000 555,,,666888111 222,,,888000333 111000,,,111333111 111111,,,777333444 22,412 Less-Held by F.R. Banks 29,132 1,427 5,595 2,830 1,106 2,059 222,,,999777333 222,,,666333000 111,,,111777000 666777999 222,,,777222666 222,,,111666222 3,775 F.R. notes, net 153,367 88,,779900 4488,,884411 55,,661155 99,,000055 1144,,006644 222,,,777999333 222222,,,000111000 444,,,555111111 222,,,111222444 777,,,444000555 999,,,555777222 18,637 Collateral held against F.R. notes: Gold certificate account 11,116 Special Drawing Rights certif. acct. 4,618 Other eligible assets - 0 - U.S. govt, and agency securities 137,633 Total collateral 153,367 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