H.4.1 Factors Affecting Reserve Balances of Depository Institutions

-*&SS& 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 August 9, 1984 Averages of daily figures (millions of dollars) RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt FF..RR.. BBaannkkss,, Week ended Change from week ended WWeeddnneessddaayy RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss AAuugguusstt 88,, AAuugguusstt 11,, August iu, AAuugguusstt 88,, 11998844 11998844 1983 1984 Reserve Bank credit: 1» 2 176,163 + 798 + 12,031 177,009 U.S. government securities- Bought outright—system account 150,701 + 729 + 6,734 150,660 Held under repurchase agreements .— — — — Federal agency obligations- Bought outright 8,494 4 386 8,494 Held under repurchase agreements — — — — Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 7,282 178 + 5,762 7,385 includes: seasonal borrowing of 331 16 + 153 * 321 extended credit of 6,642 + 417 + 6,186 6,768 Float 761 + 392 376 1,225 Other F.R. assets 8,925 141 + 296 9,245 Gold stock 11,099 — 31 11,099 Special Drawing Rights certificate account 4,618 — — 4,618 Treasury currency outstanding 16,190 + 15 + 737 16,203 Total factors supplying reserve funds 208,070 + 813 + 12,737 208,929 Currency in circulation* 176,284 + 901 + 13,324 176,737 Treasury cash holdings* 480 17 35 480 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,942 237 + 130 4,220 Foreign 218 + 3 10 228 Service-related balances and adjustments 3 1,403 100 + 236 1,145 Other 274 40 230 246 Other F.R. liabilities and capital 5,853 244 + 737 5,811 Total factors, other than reserve balances, 188,454 + 266 + 14,151 188,867 absorbing reserve funds Reserve balances with F.R. Banks 4 19,615 + 546 1,414 20,062 On August 8, 1984 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 117,389 million, an increase of $2,343million for the week. 1 Net of $ 3,265 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $3,265 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 2,999 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 2,999 million was with foreign official and international accounts. Includes $ 493 million securities loaned—fully secured by U.S. government securities. 3 Consists of required clearing balances of $ 1,145 million and adjustments of $ 258 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 * Wednesday Wednesday Wednesday Ausmst 8. 1984 August 1. 1984 August 10. 1983 ASSETS Gold certificate account 11,099 — 29 Special Drawing Rights certificate account 4,618 — — Coin 446 + 1 + 29 Loans 7,385 - 1,390 + 6,222 Acceptances- Held under repurchase agreements — Federal agency obligations- Bought outright 8,494 386 •-,- Held under repurchase agreements'! — -,- — U.S. government securities: Bought outright—Bills 64,729 - 692 + 2,753 Notes 63,870 — 88 Bonds 22,061 "•— +2,746 Total bought outright* 150,660 692 + 5,411 Held under repurchase agreements 1 — — — Total U.S. government securities 150,660 - 692 + 5,411 Total loans and securities 166,539 - 2,082 +11,247 Cash items in process of collection (1,783) 7,720 - 776 - 721 Bank premises 556 + 1 + 3 Other assets3 8,689 + 250 + 430 TOTAL ASSETS ((11,,778833)) 19?^(V7 - 2,606 +10,959 LIABILITIES Federal Reserve notes 161,460 + 909 +12,652 Deposits: Depository institutions 21,207 - 2,433 - 3,682 U.S. Treasury—general account 4,220 + 634 + 1,416 Foreign—official accounts 228 28 54 Other 246 - 287 235 Total deposits 25,901 - 2,114 - 2,555 Deferred availability cash items (1,783) 6,495 - 1,397 + 87 Other liabilities and accrued dividends4 2,379 - 151 + 485 TOTAL LIABILITIES (1,783) 196,235 - 2,753 +10,669 CAPITAL ACCOUNTS Capital paid in 1,554 + 9 + 125 Surplus 1,465 _,- + 106 Other capital accounts 413 + 138 + 59 * 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 $ 2,999 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 493 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 $ 21 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, AUGUST 8, 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 I 7,169 — 7,032 +1,490 —. _„ 16 days to 90 days 216 — 31,395 - 40 698 + 85 91 days to 1 year | — 42,560 -2,142 1,714 - 85 Over 1 year to 5 years — — 36,329 — 4,371 — Over 5 years to 10 years — --- 14,256 — 1,312 — Over 10 years — — 19,088 — 399 — Total 7,385 150,660 692 8,494 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 August 8, 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 446 21 19 20 33 61 54 24 22 16 43 32 101 Loans 7,385 6 — 3 9 84 28 6,848 52 98 184 52 21 Acceptances held under repurchase agreements — — — — — — — — — — — — Federal agency obligations: Bought outright 8,494 427 2,852 285 470 708 202 1,160 244 114 405 538 1,089 Held under repurchase agreements 1 — — — ~ — — — — — — — — — U.S. government securities: Bought outright—Bills 64,729 3,258 21,730 2,174 3,584 5,394 1,538 8,837 1,857 872 3,085 4,100 8,300 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 2 150,660 7,583 50,578 5,061 8,341 12,556 3,579 20,569 4,322 2 ,029 7,180 9,544 19,318 Held under repurchase agreements 1 — — — — — — — — — — — — — Total U.S. government securities 150,660 7,583 50,578 5,061 8,341 12,556 3,579 20,569 4,322 ~T ,029 7,180 9,544 19,318 Total loans and securities 166,539 8,016 53,430 5,349 8,820 13,348 3,809 28,577 4,618 2 ,241 7,769 10,134 20,428 Cash items in process of collection 9,503 340 1,015 305 286 1,871 637 620 556 399 1,156 585 1,733 Bank premises 556 95 25 50 27 104 37 21 16 27 31 18 105 Other assets 3 8,689 300 2,310 316 471 518 514 1,044 225 198 363 1,247 1,183 Interdistrict settlement account -0- +1,412 +1,794 + 691 + 584 + 796 +1,229 -6,437 + 227 - 29 - 370 + 192 89 TOTAL ASSETS ; 201,450 11,024 63,288 7,471 11,140 18,075 6,801 26,005 6,191 3 ,073 9,841 13,244 25,297 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 $ 2,999 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 493 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 $ 21 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 RESER VE BANK ON August 8, 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 161,460 9,730 50,302 6,182 9,859 14,542 4,206 22,860 5,099 1,919 7,758 10,307 18,696 Deposits: Depository institutions 21.207 752 6,041 760 655 1,291 1,570 1,789 404 633 668 1,983 4,661 U.S. Treasury—general account 4,220 4,220 Foreign—official accounts 228 4 114 7 10 8 13 20 4 5 7 11 25 Other 246 1 183 1 27 1 29 2 1 1 Total deposits 25,901 757 10,558 767 666 1,326 1,584 1,838 408 638 667777 111,,,999999555 4,687 Deferred availability cash items 8,278 318 755 271 261 1,833 692 536 524 370 11,,110022 555333333 1,083 Other liabilities and accrued dividends1 2,379 116 791 82 130 191 60 326 67 33 114411 111444666 296 TOTAL LIABILITIES 198,018 10,921 62,406 7,302 10,916 17,892 6,542 25,560 6,098 2,960 99,,667788 111222,,,999888111 24,762 CAPITAL ACCOUNTS Capital paid in 1,554 43 393 79 103 79 127 194 42 54 7722 111222111 247 Surplus 1,465 40 357 71 101 74 122 192 40 51 6688 111000888 241 Other capital accounts 413 20 132 19 20 30 10 59 11 8 2233 333444 47 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 201,450 11,024 63,288 7,471 11,140 18,075 6,801 26,005 6,191 3,073 9,841 111333,,,222444444 25,297 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 188,662 11,125 55,594 8,532 10,886 16,430 6,699 25,001 6,154 2,695 10,733 12,124 22,689 Less-Held by F.R. Banks 27,202 1,395 5,292 2,350 1,027 1,888 2,493 2,141 1,055 776 2,975 1,817 3,993 F.R. notes, net 161,460 99,,773300 5500,,330022 66,,118822 99,,885599 1144,,554422 44,,220066 2222,,886600 55,,009999 11,,991199 77,,775588 1100,,330077 18,696 Collateral held against F.R. notes: Gold certificate account 11,099 Special Drawing Rights certif. acct 4,618 Other eligible assets - 0- U.S. govt, and agency securities 145,743 Total collateral 161,460 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