H.4.1 Factors Affecting Reserve Balances of Depository Institutions

* of covi 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 12, 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 JJuullyy 1111,, JJuullyy 44,, Julv 13. July 11, 11 11998844 11998844 1983 1984 Reserve Bank credit: 1» 2 178,826 + 3,529 + 14,321 178,485 U.S. government securities- Bought outright—system account 152,947 - 56 + 9,784 152,430 Held under repurchase agreements 1,607 + 1,607 + 1,607 3,083 Federal agency obligations- Bought outright 8,501 — - 385 8,500 Held under repurchase agreements 134 + 134 + 134 275 Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 4,824 - 21 + 3,677 4,600 includes: seasonal borrowing of 281 - 10 + 137 277 extended credit of 4,155 + 478 + 3,721 4,009 Float 1,754 + 1,440 - 919 771 Other F.R. assets 9,059 + 425 + 422 8,826 Gold stock 11,100 — - 31 11,099 Special Drawing Rights certificate account 4,618 — — 4,618 Treasury currency outstanding 16,130 + 13 + 724 16,143 Total factors supplying reserve funds 210,673 + 3,540 + 15,013 210,345 Currency in circulation* 177,399 + 1,787 + 14,116 177,555 Treasury cash holdings* 522 - 1 _ 6 522 Deposits, other than reserve balances, with F.R. Banks: Treasury 4,486 + 575 - 12 3,488 Foreign 206 - 50 _ 3 217 Service-related balances and adjustments 3 1,378 - 65 + 557 1,156 Other 371 - 45 - 274 1 381 Other F.R. liabilities and capital 6,083 + 63 + 995 5,938 Total factors, other than reserve balances, absorbing reserve funds 190,444 j + 2,263 + 15,372 189,257 Reserve balances with F.R. Banks 4 20,229 + 1,277 - 357 i 21,088 On July 11, 1984 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 115,478 million, a decrease of $602 million for the week. 1 Net of $3,403 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,403 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $3,920 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 3,920 million was with foreign official and international accounts. Includes $ 683 million securities loaned—fully secured by U.S. government securities. 3 Consists of required clearing balances of $ i ,156 million and adjustments of $ 222 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 11, 1984 July 4, 1984 July 13, 1983 ASSETS Gold certificate account 11,099 - 1 32 Special Drawing Rights certificate account 4,618 — — Coin 437 + 16 + 58 Loans 4,600 - 622 + 1,595 Acceptances- Held under repurchase agreements _ __ __ Federal agency obligations- Bought outright 8,500 - 1 - 380 Held under repurchase agreements 1 275 + 275 + 275 U.S. government securities: Bought outright—Bills 66,499 - 1,381 + 5,496 Notes 63,870 — 88 Bonds 2222,,006611 — '+ 2,746 Total bought outright2 115522,,443300 - 1,381 + 8,154 Held under repurchase agreements 1 3,083 + 3,083 + 3,083 Total U.S. government securities 155,513 + 1,702 +11,237 Total loans and securities 168,888 + 1,354 +12,727 Cash items in process of collection (2.207) 7,966 _ 2,990 - 1,530 Bank premises 555 __ + 2 Other assets 3 8,271 + 152 + 17 TOTAL ASSETS ((22,,220077;; ) 201,834 ^ 1,469 +11,242 LIABILITIES Federal Reserve notes 162,371 + 907 +13,590 Deposits: Depository institutions 22,244 + 201 - 3,339 U.S. Treasury—general account 3,488 + 597 38 Foreign—official accounts 217 + 12 + 21 Other 381 + 17 - 267 Total deposits 26,330 + 827 - 3,623 Deferred availability cash items (2,207] > 7,195 - 3,087 + 321 Other liabilities and accrued dividends* 2,567 • + 82 + 705 TOTAL LIABILITIES (2,207; > 198,463 - 1,271 +10,993 CAPITAL ACCOUNTS Capital paid in 1,546 + 2 + 120 Surplus 1,465 — + 106 Other capital accounts 360 - 200 + 23 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 $ -o- million was outstanding at the end of the latest statement week. Net of $ 3,920 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 683 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 $ 54 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, July 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 ii LLooaannss AAcccceeppttaanncceess Holdings Weekly changes Holdings [Weekly changes Within 15 days A,413 — 7,763 +3,104 381 +340 16 days to 90 days | 187 — 35,497 + 476 549 -105 91 days to 1 year ! — 43,335 -1,878 1,669 + 39 Over 1 year to 5 years — — 35,491 — 4,476 — Over 5 years to 10 years — — 14,339 — 1,301 — Over 10 years — — 19,088 ~ 399 — Total 4,600 155,513 +1,702 8,775 +274 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 11, ,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 11,099 599 3,360 515 617 969 360 1,510 357 160 608 726 1,318 Special Drawing Rights cert if. acct. 4,618 241 1,335 225 302 408 161 646 170 61 241 310 518 Coin 437 19 19 14 30 74 45 23 22 19 44 21 107 Loans 4,600 9 16 5 10 68 43 4,132 46 86 138 22 25 Acceptances held under repurchase agreements -0- — — — — — — — — — — — — Federal agency obligations: Bought outright 8,500 428 2,853 286 471 708 202 1,160 244 114 405 539 1,090 Held under repurchase agreements 1 275 ! -- 275 — — — -- ~ ~ — — — -- U.S. government securities: Bought outright-Bills 66,499 3,347 22,325 2,234 3,682 5,542 1,580 9,078 1,908 895 3,169 4,212 8,527 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 2 152,430 7,672 51,173 5,121 8,439 12,704 3,621 20,810 4,373 2 ,052 7,264 9,656 19,545 Held under repurchase agreements 1 3,083 — 3,083 — — — — — — — — — — Total U.S. government securities 155,513 7,672 54,256 5,121 8,439 12,704 3,621 20,810 4,373 2 ,052 7,264 9,656 19,545 Total loans and securities 168,888 8,109 57,400 5,412 8,920 13,480 3,866 26,102 4,663 2 ,252 7,807 10,217 20,660 Cash items in process of collection 10,173 350 882 384 267 2,468 748 628 624 454 1,307 689 1,372 Bank premises 555 95 25 50 27 104 37 21 16 26 31 18 105 Other assets 3 8,271 280 2,257 301 446 480 426 1,067 209 188 341 1,212 1,064 Interdistrict settlement account -0- +1,815 -2,727 + 572 + 696 + 797 + 972 -3,220 + 265 - 19 - 437 + 406 + 880 TOTAL ASSETS 204,041 11,508 62,551 7,473 11,305 18,780 6,615 26,777 6,326 3 ,141 9,942 13,599 26,024 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 $ 3,920 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 683 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 $ 54 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 11, 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 162,371 10,001 49,669 6,272 9,998 14,896 3,765 23,341 5,096 1,980 7,603 10,426 19,324 Deposits: Depository institutions 22,244 962 6,347 640 681 1,233 1,837 1,974 471 584 821 2,110 4,584 U.S. Treasury-general account 3,488 3,488 Foreign—official accounts 217 4 103 7 10 8 13 20 4 5 7 11 25 Other 381 1 285 1 26 63 2 1 2 Total deposits 26,330 967 10,223 647 692 1,267 1.850 2,057 475 589 830 22,,112222 4,611 Deferred availability cash items 9,402 318 865 303 256 2,240 673 607 593 425 1.237 664422 1,243 Other liabil ties and accrued dividends 1 2,567 120 933 83 138 200 64 339 70 37 115 115522 316 TOTAL LIABILITIES 220000,,667700 11,406 61,690 7,305 11,084 18,603 6,352 26,344 6,234 3,031 9,785 1133,,334422 25,494 CAPITAL ACCOUNTS Capital paid in 11,,554466 44 384 80 103 78 128 194 42 54 72 112200 247 Surplus 11,,446655 40 357 71 101 74 122 192 40 51 68 110088 241 Other capital accounts __ 336600 18 120 17 17 25 13 47 10 5 17 2299 42 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 220044,,004411 11,508 62,551 7,473 11,305 18,780 6,615 26,777 6,326 3,141 9,942 13,599 26,024 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 118888,,444488 11,242 54,985 8,705 10.873 16,638 6,551 25,166 6,190 2,720 10.441 12,131 22,806 Less-Held by F.R. Banks 2266,,007777 1,241 5,316 2,433 875 1,742 2,786 1,825 1,094 740 2.838 1,705 3,482 F.R. notes, net 116622,,337711 1100,,000011 4499,,666699 66,,227722 99,,999988 1144,,889966 33,,776655 2233,,334411 55,,009966 11,,998800 77,,660033 1100,,442266 19,324 Collateral held against F.R. notes: Gold certificate account 1111,,009999 Special Drawing Rights certif. acct. 44,,661188 Other eligible assets -- 00 -- U.S. govt, and agency securities 114466,,665544 Total collateral 162,371 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