H.4.1 Factors Affecting Reserve Balances of Depository Institutions

i ; t\ K A K i' ; 2MRAL tuaaavg MUX FEDERAL RESER\/£ i«t.5.: WPWUWEijm*. 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 June 28, 1984 I 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 June 27, June 20, June 29, June 27, 1984 19ft4 lQfn 1984 Reserve Bank credit: 1« 2 176,728 + 204 + 14,020 173,877 U.S. government securities- Bought outright—system account 152,863 - 487 + 11,248 152,907 Held under repurchase agreements 2,269 + 582 + 2,269 — Federal agency obligations- Bought outright 8,501 — 389 8,501 Held isntlw repurchase agreements 255 + 144 + 255 — Acceptances- Bought outright — — — — HeSd under repurchase agreements 241 + 66 + 241 — Loans to depository institutions 2,973 - 448 + 871 3,332 Includes: seasonal borrowing of 286 + 18 + 143 279 extended credit of 2,014 + 63 + 752 2,418 Float 964 + 210 629 352 Other F.R. assets 8,661 + 136 + 152 8,785 Gold stock 11,103 - 1 28 11,100 Special Drawing Rights certificate account 4,618 — 4,618 Treasury currency outstanding 16,094 4 15 + 710 16,107 Total factors supplying reserve funds 208,543 + 218 + 14,702 205,702 Currency in circulation* 174,015 _ 254 + 13,585 174,435 Treasury cash holdings* 527 - 3 6 523 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,401 - 680 457 3,533 Foreign 236 - 33 + 15 243 Service-related balances and adjustments 3 1,427 - 7 + 655 1,149 Other 359 - 130 216 310 Other F.R. liabilities and capital 6,946 + 724 + 1,749 5,942 Total factors, other than reserve balances, absorbing reserve funds 186,912 - 382 + 15,327 186,135 Reserve balances with F.R. Banks 4 21,632 1 + 602 622 19,567 On June 27, 1984 marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official t and international accounts were $ 116,908 million, an Increase of $2,572million for the week. 1 Net of $ 3,487 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $3*487 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 3,443 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 3,443 million was with foreign official and international accounts. Includes $ 613 million securities loaned—fully secured by U.S. government securities. 3 Consists of required clearing balances of $ 1,149 million and adjustments of $ 278 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 Wednes day Wednesday June 27, 1984 June 20, 1984 June 29, 1983 ASSETS Gold certificate account 11,100 ~ 3 ™* 31 Special Drawing Rights certificate account 4,618 Coin 445 - 8 + 58 Loans 3,332 - 1,062 + 1,252 Acceptances- Held under repurchase agreements — - 619 — Federal agency obligations- Bought outright 8,501 *•*"" — 389 Held under repurchase agreements1 — - 371 _-. U.S. government securities: Bought outright—Bills 66,976 - 275 + 8,545 Notes 63,870 — + 763 Bonds 2222,,006611 — ++ 2,870 Total bought outright2 115522,,990077 - 275 ++ 12,178 Held under repurchase agreements1 — 55,,440011 — __ Total U.S. government securities 152,907 55,,667766 + 12,178 Total loans and securities 164,740 - 7,728 + 13,041 Cash items in process of collection (1,912) 7,511 - 922 - 964 Bank premises 555 + 1 + 2 Other assets 3 8,230 - 38 - 50 TOTAL ASSETS ((11,,991122)) 197,199 — 8,698 + JL2j056 LIABILITIES Federal Reserve notes 159,296 + 299 + 12,218 Deposits: Depository institutions 20,716 - 8,595 - 771 U.S. Treasury—general account 3,533 + 611 - 493 Foreign—official accounts 243 + 64 + 2 Other 310 - 95 - 126 Total deposits 24,802 - 8,015 - 1,388 Deferred availability cash items (1,912) 7,159 - 684 + 322 Other liabilities and accrued dividends4 2,530 - 317 + 603 TOTAL LIABILITIES (1,912) 193,787 - 8,717 + 11,755 CAPITAL ACCOUNTS Capital paid in 1,541 + 2 + 120 Surplus 1,465 — + 106 Other capital accounts 406 + 17 + 75 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 $ 3,443 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 613 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 $ 59 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, June 27» 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 3,294 — 7,687 - 4,653 159 438 16 days to 90 days 38 — 31,614 - 1,308 519 16 91 days to 1 year — — 45,041 + 285 1,647 + 43 Over 1 year to 5 years — \ — 35.138 — A„476 + 40 Over 5 years to 10 years — — 14,339 — 1,301 — Over 10 years — --ffjj-- 1199,,008888 — 339999 — Total 3,332 115522,,990077 - 5,676 88 ,,,,550011 371 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 June 27. 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 11,100 599 3,361 515 617 969 360 1,510 357 160 608 726 1,318 Special Drawing Rights certif. acct. A,618 241 1,335 225 302 408 161 646 170 61 241 310 518 Coin 445 20 21 14 32 55 47 26 24 20 44 27 115 Loans 3.332 52 56 58 13 127 47 2.515 101 77 172 51 63 Acceptances held under repurchase agreements Federal agency obligations: Bought outright 8,501 428 2,854 286 471 708 202 1.161 244 114 405 538 1,090 Held under repurchase agreements 1 U.S. government securities: Bought outright-Bills 66,976 3,370 22,485 2.250 3,709 5,581 1,591 9,144 1,922 902 3,192 4,242 8,588 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 1.221 1,839 524 3,012 633 297 1,051 1,398 2,829 Total bought outright 2 152,907 7,695 51,333 5,137 8,466 12,743 3.632 20.876 4,387 2,059 7,287 9,686 19,606 Held under repurchase agreements 1 Total U.S. government securities 152,907 7,695 51,333 5,137 8,466 12,743 3,632 20,876 4,387 2,059 7,287 9,686 19,606 Total loans and securities 164,740 8,175 54,243 5,481 8,950 13,578 3,881 24,552 4,732 2,250 7.864 10,275 20,759 Cash items in process of collection 9,423 288 841 316 244 1,961 722 660 602 475 1..256 830 1,228 Bank premises 555 95 25 50 27 104 37 21 16 26 31 18 105 Other assets 3 8,230 276 2,190 331 449 477 432 1,040 226 187 339 1,225 1,058 Interdistrict settlement account -0- +1,337 - 613 f 486 + 450 + 108 + 961 -1,989 - 190 - 213 - 534 - 60 + 257 TOTAL ASSETS 199,111 11,031 61,403 7,418 11,071 17,660 6,601 26,466 5,937 2,966 9,849 13.351 25,358 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 $ _o- million was outstanding at the end of the latest statement week. 2 Net of $ 3,443 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 613 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 $ 59 million in Treasury Bills maturing within 90 days. • Less than $500,000. 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 June 27. 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 159,296 9,847 49,027 6,155 9,693 14,232 3,879 23,003 4,721 1,945 7,471 10,089 19,234 Deposits: Depository institutions 20,716 644 5,921 697 742 1,082 1,657 1,961 480 447 907 2,112 4,066 U.S. Treasury—general account 3.533 3.533 Foreign-official accounts 243 4 130 10 8 12 20 4 11 25 Other 310 1 226 I 6 69 2 2 Total deposits 24,802 649 9,810 704 753 1.096 ,670 2,050 484 452 916 2,125 4,093 Deferred availability cash items 9,071 307 846 307 260 1.944 719 627 566 419 1.185 715 1,176 Other liabilities and accrued dividends * __2,530_ 124 840 86 142_ 201 67 351 73 39 120 160 J321 TOTAL LIABILITIES 195,699 10,927 60,523 7,252 10,848 17.479 6,335 26,031 5,844 2.855 9,692 13,089 24.874 CAPITAL ACCOUNTS Capital paid in 1,541 44 384 78 103 77 129 194 42 53 72 118 247 Surplus 1,465 40 357 71 101 74 122 192 40 51 68 108 241 Other capital accounts _ _4^6_ 20 139 17 19 30 15 49 11 7 17 36 46 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 199,111 11,031 61.403 7,418 11,071 17.660 6.601 26.466 5.937 2.966 9,849 13.351 25,358 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 187,787 11,194 54,696 8.756 10,756 16,352 6,846 25,029 5,907 2,741 10.475 11.963 23,072 Less-Held by F.R. Banks 28,491 1,347 5.669 2.601 1,063 _ 2_,J_20 2,967 2,026 1,186 796 3.004 1,874 __3,JH8 F.R notes, net 159,296 9,847 49,027 6.155 9,693 1*4,232 3,879 23,003 4,721 1,945 7.471" 10,089 19,234 Collateral held against F.R. notes: Gold certificate account 11,100 Special Drawing Rights cert if. aoct. 4,618 Other eligible assets - 0 - U.S. govt, and agency securities 143,578 Total collateral 159,296 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