H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE , - _ _ gqg. . ^ % I, Factors Affecting Reserve Balances of Depository Insitutions and Condition Statement of F.R. Banks For release at 4:30 p.m. Eastern Time H.4.1 March 22, 1984 F Averages of daily figures (millions of dollars) RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy IInnssttiittuuttiioonnss aatt FF..RR.. BBaannkkss,, Week ended Change from week ended Wednesday RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss March 21, March 14, March 23, March 21, 1984 1984 iQfn 1Qfi4 Reserve Bank credit: 1- 2 169,316 [ + " 2 88 + 12,272 170,957 U.S. government securities- Bought outright—system account 149,897 + 1,579 + 13,560 150,968 Held under repurchase agreements — 856 — — Federal agency obligations- Bought outright 8,558 6 - 357 8,558 Held under repurchase agreements — 46 — — Acceptances- Bought outright — — — — Held under repurchase agreements — 1 — — Loans to depository institutions 1,077 + 191 + 436 935 Includes: seasonal borrowing of 138 + 19 + 79 153 extended credit of 31 4 - 315 25 Float 1,091 684 - 1,007 1,655 Other F.R. assets 8,692 + 111 - 362 8,841 Gold stock 11,114 2 - 24 11,114 Special Drawing Rights certificate account 4,618 — — 4,618 Treasury currency outstanding 15,782 — + 592 15,782 Total factors supplying reserve funds 200,830 + 286 + 12,840 202,471 Currency !n circulation* 168,551 + 25 + 13,780 168,443 Treasury cash holdings* 484 + 3 - 1 484 Deposits, other than reserve balances, with F.R. Banks: Treasury 5,327 + 2,502 + 1,940 5,545 Foreign 225 + l ! + 6 241 Service-related balances and adjustments 3 1,594 + 41 j + 997 1,102 Other 667 | + 142 + 83 550 Other F.R. liabilities and capital I 5,570 _- 64 + 761 5,409 Total factors, other than reserve balances, 1 absorbing reserve funds 182,418 + 2,649 + 17,566 181,774 Reserve balances with F.R. Banks * 18,413 2,363 ~ 4,725 20,698 On March 21, 1984 marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official > and international accounts were $ H4,867 million,a decrease of $1,778 million for the week. 1 Net of $ 2,362 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 2,362 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 1,456 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 1,456 million was with foreign official and international accounts. Includes $ 85 million securities loaned—fully secured by U.S. government securities. 3 Consists of required clearing balances of $ 1,102 million and adjustments of $ 492 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 21, 1984 March 14, 1984 March 23. 1983 ASSETS Gold certificate account 11,114 2 24 Special Drawing Rights certificate account 4,618 — — Coin 521 8 + 26 Loans 935 - 1,514 + 110 Acceptances- Meld under repurchase agreements __ 5 Federal agency obligations- Bought outright 8,558 — - 357 Held under repurchase agreements'! — 155 — U.S. government securities: Bought outright—Bills 66,520 + 2,398 +10,891 Notes 62,921 — 4- 734 Bonds 21,527 — + 2,532 Total bought outright2 150,968 + 2,398 +14,157 Held under repurchase agreements1 — - 2,895 — Total U.S. government securities 150,968 497 +14,157 Total loans and securities 160,461 - 2,171 +13,910 Cash items in process of collection (2,564) 8,838 - 1,342 + 674 Bank premises 549 «. _ 4 Other assets 3 8,292 63 - 513 TOTAL ASSETS ((22,,556644)) 194_._393 -^ 3,586 +14,069 LIABILITIES Federal Reserve notes 153,665 - 345 +12,795 Deposits: Depository institutions 21,800 - 6,112 - 2,603 U.S. Treasury—general account 5,545 + 2,970 + 2,427 Foreign—official accounts 241 42 + 42 Other 550 + 48 + 73 Total deposits 28,136 - 3,136 61 Deferred availability cash items (2,564) 7,183 + 111 + 609 Other liabilities and accrued dividends4 2,124 - 211 + 503 TOTAL LIABILITIES (2,564) 191,108 - 3,581 +13,846 CAPITAL ACCOUNTS Capital paid in 1,496 + 1 + 103 Surplus 1,465 — + 106 Other capital accounts 324 6 + 14 * 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 $ 1,663 million was outstanding at the end of the latest statement week. 2 Net of $ 1,456 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 85 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 $ 56 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. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, MARCH 21, 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 910 — 10,251 + 56 155 - 4 16 days to 90 days 25 — 31,510 +1,225 693 -151 91 days to 1 year — — 41,859 -1,778 1,701 — Over 1 year to 5 years — — 34,522 ~ 4,246 — Over 5 years to 10 years — — 14,196 — 1,360 — -Over 10 years 1188,,663300 — 440033 — ^^ Total 11 993355 115500,,996688 - 497 88,,555588 -155 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 21, 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 11,114 927 3,051 541 659 913 371 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 521 29 31 22 37 62 50 31 31 24 50 35 119 Loans 935 53 44 81 90 109 60 117 67 45 158 82 29 Acceptances held under repurchase agreements 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 — — — — — — — — — — — — — U.S. government securities: Bought outright—Bills 66,520 3,120 21,779 2 ,219 3,941 5,523 1,613 9,167 1 ,886 815 3,420 4,602 8,435 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 2 150,968 7,081 49,428 5 ,036 8,944 12,536 3,661 20,805 4 ,279 1,848 7,760 10,446 19,144 Held under repurchase agreements 1 — — — — — — — — — — — — — Total U.S. government securities 150,968 7,081 49,428 5", 036 8,944 12,536 3,661 20,805 4", 279 1,848 7,760 10,446 19,144 Total loans and securities 160,461 7,535 52,274 5 ,402 9,541 13,356 3,929 22,101 4 ,589 1,998 8,358 11,120 20,258 Cash items in process of collection 11,402 500 1,010 343 331 2,419 759 1,271 603 441 1,231 851 1,643 Bank premises 549 96 25 50 27 105 35 20 16 26 25 18 106 Other assets 3 8,292 273 2,164 310 474 490 432 1,066 212 187 362 1,235 1,087 Interdistrict settlement account -0- + 803 + 2,567 - 17 - 1,037 + 118 705 730 - 364 + 381 - 1,260 - 1,301 + 1,545 TOTAL ASSETS 196,957 10,404 62,457 6 ,876 10,334 17,871 5,032 25,909 5 ,725 3,261 9,612 13,018 26,458 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 $ 1,663 million was outstanding at the end of the latest statement week. 2 Net of $ 1,456 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 85 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 $ 56 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 21, 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 153,665 8,964 49,094 5,596 8,997 14,140 2,399 22,012 4,521 2,135 7,411 9,554 18,842 Deposits: Depository institutions 21,800 775 4,939 717 723 1,069 1,684 2,381 508 557 782 2,287 5,378 U.S. Treasury-general account 5,545 — 5,545 — — — — — — — — — Foreign—official accounts 241 4 127 7 10 8 13 20 4 5 7 11 25 Other 1 550 4 421 — 1 39 1 71 — — 2 33 8 Total deposits 28,136 783 11,032 724 734 1,116 1,698 2,472 512 562 791 22,,330011 5,411 Deferred availability cash items 9,747 463 808 319 254 2,273 621 702 543 426 1,151 775 1,412 Other liabilities and accrued dividends 1 2,124 99 690 72 127 173 56 295 64 3300 110077 114444 267 TOTAL LIABILITIES 193,672 10,309 61,624 6,711 10,112 17,702 4,774 25,481 5,640 33,,115533 99,,446600 1122,,777744 25,932 CAPITAL ACCOUNTS Capital paid in 1,496 41 367 77 102 72 125 193 41 52 69 112 245 Surplus 1,465 40 357 71 101 74 122 192 40 51 68 108 241 Other capital accounts 324 14 109 17 19 23 11 43 4 5 15 24 40 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 196,957 10,404 62,457 6,876 10,334 17,871 5,032 25,909 5,725 3,261 9,612 13,018 26,458 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 183,088 10,418 54,708 8,610 10,111 16,194 5,596 24,581 5,751 2,783 10,232 11,627 22,477 Less-Held by F.R. Banks 29,423 1,454 5,614 3,014 1,114 2,054 3,197 2,569 1,230 648 2,821 2,073 3,635 F.R. notes, net 153,665 88,,996644 4499,,009944 55,,559966 88,,999977 1144,,114400 22,,339999 2222,,001122 44,,552211 22,,113355 77,,441111 99,,555544 18,842 Collateral held against F.R. notes: Gold certificate account 11,114 Special Drawing Rights certif. acct. 4,618 Other eligible assets U.S. govt, and agency securities 137,933 Total collateral 153,665 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