H.4.1 Factors Affecting Reserve Balances of Depository Institutions

'ol^Oy i FEDERAL RESERVE ^Sn^- Factors Affecting Reserve Balances of Depository Insitutions and Condition Statement of F.R. Banks H.4.1 For release at 4:30 p.m. Eastern time May 10, 1984 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 MMaavv 99,, MMaavv 22,, TT"" Mav 1 1 .1 May 9, TTQQffttAA lQfn IQftA Reserve Bank credit: 1* 2 175,408 - 6,344 4- 15,907 178,615 U.S. government securities- Bought outright—system account 154,534 - 1,575 + 16,476 154,147 Held under repurchase agreements 730 - 4,676 + 730 2,397 Federal agency obligations- Bought outright 8,556 — - 352 8,556 Held under repurchase agreements 45 185 + 45 114 Acceptances- Bought outright — — — — Held under repurchase agreements 94 173 + 94 427 Loans to depository institutions 1,098 + 69 + 391 2,701 Includes: seasonal borrowing of 161 + 4 + 70 169 extended credit of 52 18 - 454 71 Float 890 + 324 - 1,272 576 Other F.R. assets 9,460 129 - 207 9,697 Gold stock 11,107 1 - 27 11,107 Special Drawing Rights certificate account 4,618 — — 4,618 Treasury currency outstanding 15,951 + 12 + 664 15,961 Total factors supplying reserve funds 207,084 - 6,333 + 16,544 210,301 Currency in circulation* 171,424 + 965 + 12,933 172,014 Treasury cash holdings* 543 + 9 + 11 546 Deposits, other than reserve balances, with F.R. Banks: Treasury 5,651 - 9,816 + 1,839 4,029 Foreign 224 10 + 1 275 Service-related balances and adjustments 3 1,542 + 205 + 855 1,136 Other 539 + 161 -. 15 541 Other F.R. liabilities and capital 5,792 504 + 898 5,776 Total factors, other than reserve balances, absorbing reserve funds 185,714 - 8,991 + 16,521 184,317 Reserve balances with F.R. Banks * 21,370 + 2,659 + 25 25,984 On May 9, 1984 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 114,095 million, decrease of $1,274 million for the week. a 1 Net of $ 3,358 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,358 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 3,732 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of % 3,732 million was with foreign official and international accounts. Includes $ 319 million securities loaned—fully secured by U.S. government securities. 3 Consists of required clearing balances of $ 1,136 million and adjustments of $ 406 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 May 9. 1984 May :2 . 1984 Mav 11. 1984 ASSETS Gold certificate account 11,107 — - 25 Special Drawing Rights certificate account 4,618 — — Coin 472 - 4 + 33 Loans 2,701 + 1,894 + 1,531 Acceptances- Held under repurchase agreements 427 + 203 + 427 Federal agency obligations- Bought outright 8.556 — - 352 Held under repurchase agreements'! 114 - 208 + 114 U.S. government securities: Bought outright—Bills 68,216 - 3,428 + 12,529 Notes 64,127 — + 1,940 Bonds 2211,,880044 — ++ 2,809 Total bought outright2 115544,,114477 - 3,428 ++ 17,278 Held under repurchase agreements1 2,397 «. 3,742 + 2,397 Total U.S. government securities 156.544 "Z 7TT7U — 19,675 Total loans and securities 168.342 ~z —57?BT _ 21,395 Cash items in process of collection (2.267) 7,610 - 2,297 - 1,224 Bank premises 549 —. _ 4 Other assets 3 9,148 - 77 — 147 TOTAL ASSETS (((222,,,222666777))) 201,846 - 7,659 + 20,028 LLIIAABBIILLIITTIIEESS Federal Reserve notes 157,071 + 1,066 + 12,168 Deposits: Depository institutions 27,120 + 5,535 + 5,740 U.S. Treasury—general account 4,029 «» 12,407 + 477 Foreign—official accounts 275 + 83 + 53 Other 541 «. 21 11 Total deposits 31,965 „ 6,810 + 6,259 O De th fe e r r r e li d a b a i v li a ti i e la s b a il n it d y a c c a c s r h u e it d e m d s iv idends4 (2,267) 2 7 , , 4 0 1 3 6 4 — _ 1,6 4 1 2 2 5 + + 8 50 3 5 9 TOTAL LIABILITIES (2,267) 198,486 - 7,781 + 19,771 CAPITAL ACCOUNTS Capital paid in 1,525 + 4 + 116 Surplus 1,465 — + 106 Other capital accounts 370 + 118 + 35 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 $ -0- million was outstanding at the end of the latest statement week. Net of $ 3,732 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 319 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 $ 56 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, May 11, 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 Loans Acceptances Holdings [Weekly changes Holdings [Weekly changes Within 15 days 2,604 427 10,026 5,217 155 208 16 days to 90 days 97 0 32,070 1,526 720 85 91 days to 1 year 0 0 44,952 427 1.666 85 Over 1 year to 5 years 0 0 36,267 4,409 Over 5 years to 10 years 0 0 14,322 U321 Over 10 years 0 0 18,907 399 Total 2,701 427 156,544 7,170 8,670 208 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 May 9, 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 11,107 599 3.368 515 617 969 360 1,510 357 160 608 726 1,318 Special Drawing Rights certif. acct. 4.618 241 1,335 225 302 408 161 646 170 61 241 310 518 Coin 472 25 29 17 37 56 45 28 29 23 47 27 109 Loans 2.701 31 1,001 58 8 62 146 919 45 172 158 75 26 Acceptances held under repurchase agreements 427 — 427 — — — — — — — — — — Federal agency obligations: Bought outright 8,556 431 2,872 287 474 713 203 1,168 246 115 408 542 1,097 Held under repurchase agreements 1 114 — 114 — — — — — — — — — U.S. government securities: Bought outright-Bills 68,216 3,434 22.901 2.292 3,777 5,685 1,621 9,313 1,956 918 3,251 4,322 8,746 Certificates: Special Other Notes 64,127 3,227 21,528 2.154 3,551 5,345 1,523 8,755 1,840 863 3,056 4,062 8,223 Bonds 21,804 1.097 7,320 732 1.207 1,817 518 2,977 626 294 1,039 1,381 2,796 Total bought outright 2 154,147 7,758 51,749 5,178 8,535 12,847 3,662 21,045 4,422 2,075 7,346 9,765 19.765 Held under repurchase agreement! 1 2,397 — 2,397 — — — — — — — — — — Total U.S. government securities 156,544 7,758 54.146 5,178 8,535 12,847 3,662 21,045 4,422 2,075 7,346 9,765 19.765 Total loans end securities 168,342 8,220 58,560 5,523 9,017 13,622 4,011 23,132 4,713 2,362 7,912 10,382 20,888 Cash items in process of collection 9,877 361 804 496 238 2.196 758 703 505 398 1,166 793 1.459 Bank premises 549 96 25 50 27 105 36 20 16 26 25 18 105 Other assets 3 9,148 322 2,531 340 499 555 454 1,148 236 221 392 1,264 1.186 Interdistrict settlement account -0- +1,170 - 3,234 + 691 + 543 + 239 + 95 - 1,016 + 6 - 154 - 971 + 553 + 2,078 TOTAL ASSETS 204,113 11.034 63,418 7,857 11,280 18.150 5,920 26,171 6,032 3,097 9,420 14,073 27.661 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 $ 3,732 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $319 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. * Less than $600,000. 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 May 9* 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 157,071 9,721 48,967 5,937 9,353 14,486 3,014 22,505 4.813 2,101 7,207 10,201 18,766 Deposits: Depository institutions 27,120 750 7,366 1,225 1,338 1,210 1,899 2,163 567 428 807 2.741 6,626 U.S. Treasury-general account 4,029 — 4,029 — — — — — — — — „«. Foreign—official accounts 275 4 162 7 10 8 12 20 4 5 7 11 25 Other 541 1 389 — 1 31 1 113 — 1 2 1 1 Total deposits 31,965 755 11,946 1,232 1,349 1,249 1,912 2,296 571 434 816 2,753 6,652 Deferred availability cash items 9,301 346 757 444 227 2,050 672 622 491 417 1,133 722 1.420 Other liabilities and accrued dividends 1 2,416 113 878 77 129 193 62 318 66 34 109 144 293 TOTAL LIABILITIES 200,753" 10,935 62,548 7,690 11,058 17,978 5,660 25,741 5.941 2.986 9.265 13,820 27,131 CAPITAL ACCOUNTS Capital paid in 1,525 42 383 78 102 73 128 194 41 53 70 115 246 Surplus 1,465 40 357 71 101 74 122 192 40 51 68 108 241 Other capital accounts 370 17 130 18 19 25 10 44 1100 77 1177 3300 43 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 204.113 11,034 63,418 7,857 11,280 18,150 5,920 26.171 6.032 3.097 9,420 14,073 27,661 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 185,290 11,093 54,981 8,669 10,404 16,351 5,843 24.610 5,938 2.772 10,236 12,053 22,340 Less-Held by F.R. Banks 28,219 1,372 6,014 2,732 1,051 1,865 2,829 2,105 1,125 671 3,029 1,852 3,574 F.R. notes, net 157,071 9,721 48,967 5,937 9,353 14,486 3,014 22,505 4,813 2.101 7,207 10,201 18,766 Collateral held against F.R. notes: Gold certificate account 11,107 Special Drawing Rights cert if. acct. 4,618 Other eligible assets - 0 - U.S. govt, and agency securities 141,346 Total collateral 157,071 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