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 4:30 p.m. Eastern time July 6, 1984 [ Averages of daily figures (millions of dollars) RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt FF..RR.. BBaannkkss,, __ __ __ ____ | Change from week ended Wednesday RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss JJuullyy 44,, Junf9§Z' J tifo6' Ju 1 ly 9 84 4 , 11998844 Reserve Bank credit: 1» 2 175,456 _ 1,272 + 10,357 176,882 U.S. government securities- Bought outright—system account 153,003 + 140 + 11,214 153,811 Held under repurchase agreements — - 2,269 - 1,306 — Federal agency obligations- Bought outright 8,501 — - 389 8,501 Held under repurchase agreements — - 255 - 170 — Acceptances- Bought outright — — — Held under repurchase agreements — - 241 - 144 Loans to depository institutions ' 4,845 + 1,872 + 2,611 5,222 Includes: seasonal borrowing of 291 + 5 + 148 272 extended credit of 3,677 + 1,663 + 2,574 4,267 Float 473 - 491 - 1,629 674 Other F.R, assets 8,634 - 27 + 170 8,674 Gold stock 11,100 - 3 _ 31 11,100 Special Drawing Rights certificate account 4,618 4,618 Treasury currency outstanding 16,111 + 17 + 715 16,122 Total factors supplying reserve funds 207,286 - 1,257 + 11,042 208,722 Currency in circulation* 175,606 + 1,591 + 13,214 176,642 Treasury cash holdings* 523 _ 4 «_ 10 523 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,911 + 510 _ 543 2,891 Foreign 256 + 20 — 11 205 Service-related balances and adjustments 3 1,443 + 16 + 651 1,148 Other 416 + 57 _ 130 364 Other F.R. liabilities and capital 6,020 - 926 | + 887 6,054 Total factors, other than reserve balances, absorbing reserve funds I 188,175 + 1,263 + 14,059 1 187,827 Reserve balances with F.R. Banks 4 19,111 - 2,521 _ 3,013 20,895 On July 4 1984 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official 9 and international accounts were $116,080 million, a decrease of $828 million for the week. 1 Net of $3,347 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $3,347 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 2 540 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of s $2,540 million was with foreign official and international accounts. Includes $1,628 million securities loaned—fully secured by U.S. government securities. 3 Consists of required clearing balances of $ 1,148 million and adjustments of $ 295 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 July 4, 1984 June 27, 1984 July 6, 1983 ASSETS Gold certificate account 11,100 — 31 Special Drawing Rights certificate account 4,618 — — Coin 421 24 + 46 Loans 5,222 + 1,890 + 3,596 Acceptances- Held under repurchase agreements ~.~. 63 Federal agency obligations- Bought outright 8,501 — - 389 Held under repurchase agreements'! — — - 165 U.S. government securities: Bought outright—Bills 67,880 + 904 + 8,730 Notes 63,870 — + 763 Bonds 22,061 — + 2,870 Total bought outright* 153,811 + 904 +12,363 Held under repurchase agreements'! — — - 2,400 Total U.S. government securities 153,811 + 904 + 9,963 Total loans and securities 167,534 + 2,794 +12,942 Cash items in process of collection (3,390) 10,956 + 3,445 - 479 Bank premises 555 . Other assets 3 8,119 111 - 158 TOTAL ASSETS (3,390) 203,303 + 6,104 +12,320 LIABILITIES Federal Reserve notes 161,464 + 2,168 +12,659 Deposits: Depository institutions 22,043 + 1,327 - 1,464 U.S. Treasury—general account 2,891 - 642 730 Foreign—official accounts 205 38 74 Other 364 + ' 54 - 120 Total deposits 25,503 + 701 - 2,388 Deferred availability cash items (3,390) 10,282 + 3,123 + 1,012 Other liabilities and accrued dividends* 2,485 45 + 518 TOTAL LIABILITIES (3,390) 199,734 + 5,947 +11,801 CAPITAL ACCOUNTS Capital paid in 1,544 + 3 + 118 Surplus 1,465 — + 106 Other capital accounts 560 + 154 + 295 * 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 $ 1,662 million was outstanding at the end of the latest statement week. 2 Net of $ 2,540 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 1,628 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 $ 65 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, July 4 , 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 AAcccceeppttaanncceess Holdings Weekly changes Holdings |Weekly changes Within 15 days 5,029 -^ 4,659 -3,028 41 -118 16 days to 90 days 193 __. 35,021 +3,407 654 +135 91 days to 1 year — — 45,213 + 172 1,630 - 17 Over 1 year to 5 years — — 35,491 + 353 4,476 Over 5 years to 10 years — — 14,339 — 1,301 — Over 10 years — 1199,,008888 339999 ~_ ~~ • Total 5,222 115533,,881111 + 904 88,,550011 — 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 July 4, 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. 4,618 241 1,335 225 302 408 161 646 170 61 241 310 518 Coin 421 20 19 14 31 54 45 23 22 19 43 20 111 Loans 5,222 22 84 39 17 91 49 4,398 161 117 159 36 49 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 67,880 3,416 22,788 2,280 3,759 5,657 1,613 9,267 1,947 914 3,235 4,300 8,704 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 2 153,811 7,741 51,636 5,167 8,516 12,819 3,654 20,999 4,412 2,071 7,330 9,744 19,722 Held under repurchase agreements 1 — — — — — — — — — — — — __ Total U.S. government securities 153,811 7,741 51,636 5,167 8,516 12,819 3,654 20,999 4,412 2,071 7,330 9,744 19,722 Total loans and securities 167,534 8,191 54,574 5,492 9,004 13,618 3,905 26,558 4,817 2,302 7,894 10,318 20,861 Cash items in process of collection 14,346 503 1,309 547 369 3,676 1,018 877 794 597 1,934 1,017 1,705 Bank premises 555 95 25 50 27 104 37 21 16 26 31 18 105 Other assets 3 8,119 274 2,151 298 461 458 426 1,048 209 220 327 1,200 1,047 Interdistrict settlement account -0- +1,6.05 -1,121 + 873 + 920 + 383 +1,076 -3,319 - 114 - 68 - 469 + 371 - 137 TOTAL ASSETS 206,693 11,528 61,653 8,014 11,731 19,670 7,028 27,364 6,271 3,317 10,609 13,980 25,528 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 $ 1,662 million was outstanding at the end of the latest statement week. 2 Net of $ 2,540 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ i, 628 rnillion securities loaned—fully secured by U.S. government securitie»ss. . 3 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes special investment account at Chicago of $ 65 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 July 4, 1984 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago Si . Louis Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 161,464 10 ,017 49,494 6,283 9,871 14,485 3,946 23,354 4 ,808 1,970 77,,554466 1100,,338855 19,305 Deposits: Depository institutions 22,043 843 6,028 993 1,062 1,211 1,742 2,233 548 617 996600 22,,111188 3,688 U.S. Treasury—general account 2,891 2,891 Foreign—official accounts 205 4 92 7 10 8 12 20 4 5 77 1111 25 Other 364 268 15 2 75 11 11 2 Total deposits 25,503 847 9,279 1,000 1,072 1,234 1,756 2,328 552 622 996688 22,,113300 3,715 Deferred availability cash items 13,672 427 1,091 474 418 3,577 997 873 743 577 11,,881111 11,,004422 1,642 Other liabilities and accrued dividends 1 2,485 123 839 84 139 203 64 343 70 35 m_ 154 314 TOTAL LIABILITIES 203,124 11,414 60,703 7,841 11,500 19,499 6,763 26,898 6,173 3,204 13,711 24,976 10,442" CAPITAL ACCOUNTS Capital paid in 1,544 44 384 80 103 77 129 194 42 54 72 118 247 Surplus 1,465 40 357 71 101 74 122 192 40 51 68 108 241 Other capital accounts 560 30 209 22 27 20 14 80 16 8 27 43 64 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 206,693 11,528 61,653 8,014 11,731 19,670 7,028 27,364 6,271 3,317 10,609 13,980 25,528 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 187,827 11,220 54,777 8,772 10,820 16,293 6,669 25,165 5,878 2,732 10,453 12,148 22,900 Less-Held by F.R. Banks 26,363 1,203 5,283 2,489 949 1,808 2,723 1,811 1,070 762 2,907 1,763 3,595 F.R. notes, net 161,464 10,017 49,494 6,283 9,871 14,485 3,946 23,354 4,808 1,970 7,546 10,385 19,305 Collateral held against F.R. notes: Gold certificate account 11,100 Special Drawing Rights certif. acct. 4,618 Other eligible assets - 0 - U.S. govt, and agency securities 145,746 Total collateral 161,464 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