H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Reserve Balances of Depository Insitutions and Condition Statement of F.R. Banks H 4.1 For release at 4:15 p.m. Eastern time March 15, 1.984 1 Averages of daily figures (millions of dollars) RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt FF..RR.. BBaannkkss,, WWeeeekk eennddeedd [ Change from week ended | Wednesday RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss MMaa 11 rr QQ cc RR hh AA 1144,, MaT^7' 1 Marc 1 h 9 83 1 6, M 1 a 9 rc 8 h 4 14, Reserve Bank credit: 1» 2 U.S. government securities- 169,056 + 1.971 + 13,414 ! 174,644 Bought outright—system account 148,318 878 + 13,169 148,570 Held under repurchase agreements 856 + 856 + 856 2,895 Federal agency obligations- Bought outright 8,564 4 351 8,558 Held under repurchase agreements 46 + 46 -l- 46 155 Acceptances- Bought outright Held under repurchase agreements 1 + 1 + 1 5 Loans to depository institutions 886 + 393 4 2,449 Includes: seasonal borrowing of 119 + 2 + 75 121 extended credit of 35 + 27 291 34 Float 1,803 + 1,344 35 3,108 Other F.R. assets 8,581 + 212 270 8,904 Gold stock 11,116 22 11,116 Special Drawing Rights certificate account 4,618 4,618 Treasury currency outstanding 15,782 + 607 15,782 Total factors supplying reserve funds 200,572 + 1,971 + 13,999 206,160 Currency in circulation* 168,526 + 1,007 + 13,765 168,780 Treasury cash holdings* 481 1 484 Deposits, other than reserve balances, with F.R. Banks: Treasury 2,825 i 732 865 2,575 Foreign 224 34 5 283 Service-related balances and adjustments 3 1,553 + 96 + 974 1,093 Other 525 80 40 j 502 Other F.R. liabilities and capital J 5,634 85 + 791 5,625 Total factors, other than reserve balances, 1 absorbing reserve funds 179,769 + 171 + 14,621 179,342 Reserve balances with F.R. Banks 4 20,804 + 1,800 623 26,819 On March 14, 1984 marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official f and international accounts were $ 116,645 million, a decrease of $1,325 million for the week. 1 Net of $ 3,593 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,593 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 M$t of $ 3,505 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 3,505 million was with foreign official and international accounts. Includes $ 141 million securities loaned—fully secured by U.S. government securities. 3 Consists of required clearing balances of $ 1,093 million and adjustments of $ 460 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 14, 1984 March 7, 1984 March 15, 1983 ASSETS Gold certificate account 11,116 — 22 Special Drawing Rights certificate account 4,618 — — Coin 529 - 4 + 34 Loans 2,449 + 2,035 - 1,281 Acceptances- Held under repurchase agreements 5 + 5 + 5 Federal agency obligations- Bought outright 8,558 - 10 - 357 Held under repurchase agreements1 155 + 155 + 155 U.S. government securities: Bought outright—Bills 64,122 - 710 + 9,011 Notes 62,921 — + 734 Bonds 2211,,552277 — + 2,532 Total bought outright2 114488,,557700 - 710 +12,277 Held under repurchase agreements'! 2,895 + 2,895 + 2,895 Total U.S. government securities 151,465 + 2,185 +15,172 Total loans and securities 162,632 + 4,370 +13,694 Cash items in process of collection (2,591) 10,180 + 4,237 + 2,336 Bank premises 549 — 3 Other assets 3 8,355 + 21 611 TOTAL ASSETS ((22,,559911 ) 197,979 + 8,624 +15,428 LIABILITIES Federal Reserve notes 154,010 + 643 +13,059 Deposits: Depository institutions 27,912 + 8,855 + 3,647 U.S. Treasury—general account 2,575 - 989 - 1,360 Foreign—official accounts 283 - 11 + 46 Other (17) 502 - 17 166 Total deposits (17) 31,272 + 7,838 + 2,167 Deferred availability cash items (2,574) 7.072 _ 52 595 Other liabilities and accrued dividends4 2.335 + 176 + 559 TOTAL LIABILITIES (2,591) 194,689 + 8,605 +15,190 CAPITAL ACCOUNTS Capital paid in 1,495 + 2 + 102 Surplus 1,465 __ + 106 Other capital accounts 330 + 17 + 30 Figures in parentheses are the eliminations made in the consolidating process. Does not include U.S. government and federal agency securities resole under matched sale-purchase transactions to foreign official and international accounts of which $ 840 million was outstanding at the end of the latest statement week. Net of $ 3,593 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 141 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 $ 53 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, }iaTch u> L984 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 2,394 5 10,195 + 911 159 + 98 16 days to 90 days 55 — 30,285 + 1,224 844 + 83 91 days to 1 year — — 43,637 + 50 1,701 + 74 Over 1 year to 5 years — — 34,522 — 4,246 - 110 Over 5 years to 10 years — — 14,196 — 1,360 — Over 10 years — — 1188,,663300 — 440033 — Total 2,449 5 115511,,446655 + 2,185 88,,771133 + 145 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 14, 1984 Millions of dollars Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis K C an it s y a s Dallas Fra S n a c n is co 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 529 27 30 22 46 62 52 30 31 24 51 35 119 Loans 2.449 13 803 40 25 167 243 749 101 26 127 49 106 Acceptances held under repurchase agreements 5 — 5 — — — — — — — — — — Federal agency obligations: Bought outright 8,558 401 2,802 285 507 711 208 1,179 243 105 440 592 1,085 Held under repurchase agreements 1 155 — 155 — ~ — — — — — — — — U.S. government securities: Bought outright-Bills 64,122 3,008 20,994 2,139 3,799 5,324 1,555 8,837 1,818 785 3,296 4,436 8,131 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 552222 22,,996677 661100 226633 11,,110066 11..449900 2,730 Total bought outright 2 148,570 6,969 48,643 4,956 8,802 12,337 33,,660033 2200,,447755 44,,221111 11 ,,881188 77,,663366 1100..228800 18,840 Held under repurchase agreements ^ 2,895 — 2,895 — — — — — — — — — — Total U.S. government securities 151,465 6,969 51,538 4,956 8,802 12,337 3,603 20,475 4,211 T, 818 7,636 10,280 18,840 Total loans and securities 162,632 7,383 55,303 5,281 9,334 13,215 4,054 22,403 4,555 l ,949 8,203 10,921 20,031 Cash items in process of collection 12,771 762 1,173 569 585 2,558 809 1,370 678 493 1,247 904 1,623 Bank premises 549 96 25 50 27 105 35 20 16 26 25 18 106 Other assets 3 8,355 261 2,335 306 459 467 439 1,021 207 188 357 1,212 1,103 Interdistrict settlement account -0- + 602 17 + 148 - 354 + 721 335 + 14 148 + 377 916 - 1,225 + 1,133 TOTAL ASSETS 200,570 10,299 63,237 7,142 11,058 18,449 5,586 27,008 5,977 3 ,261 9,813 12,925 25,815 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 $ B40 million was outstanding at the end of the latest statement week. 2 Net of $ 3,505 million matched sale purchase transactions outstanding at the end of the latest statement week. Includes $ 141 million securities loaned-fully tecured 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 $ 53 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 14, 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 154.010 8,870 49,068 5.636 9,045 14,178 2,683 22.058 4,538 2,142 7,438 9,625 18,729 Deposits: Depository institutions 27.912 915 8,520 863 1,391 1,431 1,967 3.463 757 610 933 2,206 4,856 U.S. Treasury—general account 2,575 — 2,575 — — — — — — — Foreign—official accounts 283 4 170 7 10 8 12 20 4 5 7 11 25 Other 519 1 389 — 2 41 2 78 — 22 11 3 Total deposits 31,289 920 11,654 870 1,403 1,480 1,981 3.561 761 66ll55 994422 22,,221188 4,884 Deferred availability cash items 9,646 315 777 399 259 2,457 605 668 526 365 1,174 693 1.408 Other liabilities and accrued dividends 1 2,335 98 990055 7722 112299 116666 5588 229944 6622 3311 110077 114444 269 TOTAL LIABILITIES 197,280 10,203 5522,,440044 66,,997777 1100,,883366 1188,,228811 55,,332277 2266..558811 55,,888877 33,,115533 99,,666611 1122,,668800 25,290 CAPITAL ACCOUNTS Capital paid in 1,495 41 367 77 102 72 126 193 41 52 69 111 244 Surplus 1,465 40 357 71 101 74 122 192 40 51 68 108 241 Other capital accounts 330 15 109 ]J 19 TL 1J 42 9 J> 15 26 40 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 200,570 10,299 63.237 7,142 11,058 18.449 5,586 27,008 5,977 3,261 9,813 12,925 25,815 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 182,742 10,298 54,532 8,595 10,102 16.184 5,679 24,590 5,734 2,794 10,212 11,689 22,333 Less-Held by F.R. Banks 28,732 1,428 5,464 2,959 1,057 2,006 2.996 2,532 1,196 652 2.774 2,064 3,604 F.R. notes, net 154,010 8,870 49,068 5,636 9,045 14,178 2.683 22,058 4,538 2.142 7.438 9,625 18,729 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 138,276 Total collateral 154,010 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