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 N.4.1 For release at 4:30 p.m. Eastern Time May 17, 1984 [ Averages of daily figures (millions of dollars) RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy IInnssttiittuuttiioonnss aatt FF..RR.. BBaannkkss,, Week ended [ Change from week ended 1 Wednesday RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss May 16, MMaayy 99,, MMaayy 1188,, May 16, 1QR4* 11QQffii44 1 1984 * Reserve Bank credit: 1» 2 174,893 - 517 | + 14,900 171,630 U.S. government securities- Bought outright—system account 152,606 - 1,928 + 12,800 149,417 Held under repurchase agreements — - 730 — — Federal agency obligations- Bought outright 8,516 - 40 - 392 8,516 Held under repurchase agreements — - 45 — — Acceptances- Bought outright — — — — Held under repurchase agreements — - 94 — — Loans to depository institutions 4,613 + 3,515 + 3,540 5,459 Includes: seasonal borrowing of 187 + 26 + 96 185 extended credit of 51 - 1 - 468 16 Float 29 - 863 - L493 253 Other F.R. assets 9,129 - 331 + 445 7,985 Gold stock 11,107 — - 25 11,107 Special Drawing Rights certificate account 4,618 — — 4,618 Treasury currency outstanding 15,963 + 12 + 662 15,973 Total factors supplying reserve funds 206,581 - 505 + 15,537 203,328 Currency in circulation** 172,123 + 699 + 13,244 172,170 Treasury cash holdings** 546 j + 3 + 13 549 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,521 - 2,130 + 390 5,096 Foreign 230 + 6 - 42 229 Service-related balances and adjustments 3 1,380 - 162 + 683 1,136 Other 511 - 28 - 49 493 Other F.R. liabilities and capital 5,777 - 15 + 910 5,563 Total factors, other than reserve balances, absorbing reserve funds 184,088 - 1,626 + 15,151 185,236 Reserve balances with F.R. Banks 4 22,493 + 1,121 j + 388 18,092 On ^y 16, 1984 marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official f and International accounts were $114,378 million, an increase of $283 million for the week. 1 Net of $ 3,747 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $3,318 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Met of $ 6,482 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 3,477 million was with foreign official and international accounts. Includes $ 685 million securities loaned—fully secured by U.S. government securities. i Consists of required clearing balances of $ 1,136 million and adjustments of $ 244 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 ** WWeeddnneessddaayy **** Wednesday Wednesday May 16, 1984 May 9, 1984 May 18, 1983 ASSETS Gold certificate account 11,107 — - 25 Special Drawing Rights certificate account 4,618 — — Coin 474 + 2 + 42 Loans 5,459 + 2,758 + 3,431 Acceptances- Held under repurchase agreements — - 427 — Federal agency obligations- Bought outright 8,516 40 - 392 Held under repurchase agreements'! — - 114 — U.S. government securities: Bought outright—Bills 63,486 - 4,730 + 4,574 Notes 63,870 - 257 + 763 Bonds 22,061 + 257 + 2,783 Total bought outright2 149,417 - 4,730 + 8,120 Held under repurchase agreements1 — -- 22,,339977 — Total U.S. government securities 149,417 -- 77,,112277 + 8,120 Total loans and securities 163,392 - 4,950 +11,159 Cash items in process of collection (2,545) 8,467 + 857 - 620 Bank premises 555 + 6 + 2 Other assets 3 7,430 - 1,718 + 181 TOTAL ASSETS ((22,,554455)) 119966,,004433 -- 55,,880033 +10,739 LIABILITIES Federal Reserve notes 157,220 + 149 +12,494 Deposits: Depository institutions 19,228 - 7,892 - 6,083 U.S. Treasury—general account 5,096 -1- 1,067 + 2,423 Foreign—official accounts 229 46 - 21 Other 493 48 - 19 Total deposits 25,046 - 6,919 - 3,700 Deferred availability cash items (2,545) 8,214 + 1,180 + 1,078 Other liabilities and accrued dividends4 2,193 - 223 + 593 TOTAL LIABILITIES (2,545) 192,673 - 5,813 +10,465 * CAPITAL ACCOUNTS Capital paid in 1,529 + 4 + 116 Surplus 1,465 — + 106 Other capital accounts 376 + 6 + 52 * 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 $ 6,482 million matched sale-purchase transactions outstanding at the end of the latest statement week, includes $ 685 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. ** Estimated (Chicago District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, MAY 16, 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 5,366 — 6,705 -3,321 106 - 49 16 days to 90 days 93 — 29,502 -2,568 616 -104 91 days to 1 year — — 44,555 - 397 1,674 + 8 Over 1 year to 5 years — — 35,228 -1,039 4,400 - 9 Over 5 years to 10 years — — 14,339 + 17 1,321 —. Over 10 years — 1199,,008888 ++ 118811 339999 — ^^ Total I 5,459 114499,,441177 --77,,112277 88,,551166 -154 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 16, 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 474 25 28 17 38 57 47 28 29 23 47 25 110 Loans 5,459 44 51 23 24 124 13 4,826 73 61 137 53 30 Acceptances held under repurchase agreements "" — -*" "*- "*"• —~ —"* — — —"" — — — Federal agency obligations: Bought outright 8,516 429 2,859 286 471 710 202 1,163 244 115 406 539 1,092 Held under repurchase agreements 1 ~" — — ~ — —, ~ — ~ — — — — U.S. government securities: Bought outright-Bills 63,486 3,195 21,313 2,133 3,515 5,291 1,509 8,667 1,822 854 3,025 4,022 8,140 Certificates: Special Other Notes 63,870 3,215 21,442 2,146 3,536 5,323 1,517 8,720 1,832 860 3,044 4,046 8,189 Bonds 22,061 1,110 7,406 741 1,222 1,839 524 3,012 633 297 1,052 1,396 2,829 Total bought outright 2 149,417 7,520 50,161 5,020 8,273 12,453 3,550 20,399 4,287 2,011 7,121 9,464 19,158 Held under repurchase agreements 1 — — — — — — — — — — — — Total U.S. government securities 149,417 7,520 50,161 5,020 8,273 12,453 3,550 20,399 "4,287 2,011 7,121 9,464 19,158 Total loans and securities 163,392 7,993 53,071 5,329 8,768 13,287 3,765 26,388 4,604 2,187 7,664 10,056 20,280 Cash items in process of collection 11,012 338 1,216 408 335 2,430 699 775 598 455 1,302 814 1,642 Bank premises 555 96 25 50 27 105 36 20 16 26 30 18 106 Other assets 3 7,430 262 1,877 278 402 405 405 930 186 236 301 1,165 983 Interdistrict settlement account -0- i +1,283 +1,668 + 481 + 416 + 728 + 601 -4,086 + 13 77 - 652 + 63 - 438 TOTAL ASSETS 198,588 10,837 62,588 7,303 10,905 18,389 6,074 26,211 5,973 3,071 9,541 13,177 24,519 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 $ 6,482 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 685 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. * 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 May 16, 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 Deposits: 157,220 9,736 49,154 5,910 9,338 14,504 2,986 22,758 4,786 2,061 7,202 10,222 18,563 Depository institutions 19,228 489 5,268 757 878 1,087 1,978 1,909 419 399 725 1,780 3,539 U.S. Treasury—general account 5,096 — 5,096 — — — — — — — — — Foreign—off icial accounts 229 4 116 7 10 8 12 20 » 4 5 7 11 25 Other 493 J 1 375 — 1 31 1 78 1 — 2 22 1 Total deposits 25,046 1 494 10,855 764 889 1,126 1,991 2,007 424 404 734 11,,779933 3,565 Deferred availability cash items 10,759 401 979 388 333 2,403 776 709 610 461 1,347 772 1,580 Other liabilities and accrued dividends 1 2,193 108 729 73 122 184 57 302 63 35 104 137 279 TOTAL LIABILITIES 195,218 10,739 61,717 7,135 10,682 18,217 5,810 25,776 5,883 2,961 9,387 12,924 23,987 CAPITAL ACCOUNTS Capital paid in 1,529 42 383 80 103 73 128 194 41 53 70 116 246 Surplus 1,465 40 357 71 101 74 122 192 40 51 68 108 241 Other capital accounts 376 JJS 131 17 19 25 14 49 9 6 16 29 45 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 198,588 10,837 62,588 7,303 10,905 18,389 6,074 26,211 5,973 3,071 9,541 13,177 24,519 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 185,800 11,112 55,258 8,618 10,416 16,479 5,845 24,857 5.934 2,760 10,229 12,114 22,178 Less-Held by F.R.Banks 28,580 1,376 6,104 2,708 1,078 1,975 2,859 2,099 1.148 699 3,027 1,892 3,615 F.R. notes, net 157,220 9,736 49,154 5.910 9,338 14,504 2,986 22,758 4,786 2,061 7,202 10,222 18,563 Collateral held against F.R. notes: Gold certificate account 11,107 Special Drawing Rights certif. aoct. 4,618 Other eligible assets - 0 - U.S. govt, and agency securities 141,495 Total collateral 157,220 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitmenti * Estimated (Chicago District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis