H.4.1 Factors Affecting Reserve Balances of Depository Institutions

\'oU^ov l FEDERAL RESERVE '•f^LRt^:. Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks H.4.1 For release at 4:30 p.m. Eastern time Septembei• 27. 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 September 26, September 19, 1 September 28, September 26, 1984 iQftA 1QftT TQftA Reserve Bank credit: 1- 2 1180,985 | + 2 , 0 29 __ 7,377 179,737 U.S. government securities- Bought outright—system account 154,044 + 1,465 + 7,581 153,480 Held under repurchase agreements 2,062 + 991 - 4,809 268 Federal agency obligations- Bought outright 8,493 — - 244 8,493 Held under repurchase agreements 231 + 45 - 446 26 Acceptances- Bought outright — — — — Held under repurchase agreements — — - 289 — Loans to depository institutions 6,896 427 + 5,618 4,786 Includes: seasonal borrowing of 349 + 42 + 145 369 extended credit of 6,100 537 + 5,558 4,015 Float 78 891 - 1,190 165 Other F.R. assets 9,337 + 846 + 1,156 12,519 Gold stock 11,097 1 - 31 11,097 Special Drawing Rights certificate account 4,618 — — 4,618 Treasury currency outstanding 16,267 + 15 + 709 16,280 Total factors supplying reserve funds 212,967 + 2,043 + 8,055 211,732 Currency in circulation* 175,382 1,208 + 12,954 175,442 Treasury cash holdings* 465 ! - 6 465 Deposits, other than reserve balances, with F.R. Banks: Treasury I 8,410 + 2,808 - 5,747 8,814 Foreign 236 16 + 36 196 Service-related balances and adjustments 3 1,353 + 7 + 306 1,155 Other 432 148 + 15 402 Other F.R. liabilities and capital 6,320 _+ 51 + 550 6,068 Total factors, other than reserve balances, absorbing reserve funds 192,599 + 1,495 + 8,111 192,542 Reserve balances with F.R. Banks 4 20,369 + 549 - 55 J 19,190 On September 26, 1984 , marketable U.S. government securities heid in custody by the Federal Reserve Banks for foreign official and international accounts were $ 115,836 million, decrease of $3,408 million for the week. a 1 Net of $ l ,978 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ $1,978 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 3,118 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 3,118 million was with foreign official and international accounts. Includes $ 400 million securities loaned—fully secured by U.S. government securities. 3 Consists of required clearing balances of $ l ,155 million and adjustments of $ 198 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, September 26, 1984 September 19, 1984 September 28, 1983 ASSETS Gold certificate account 11,097 - 1 - 31 Special Drawing Rights certificate account 4,618 — — Coin 477 + 13 + 33 Loans 4,786 - 2,897 + 2,427 Acceptances- Held under repurchase agreements — — - 89 Federal agency obligations- Bought outright 8,493 — - 244 Held under repurchase agreements 1 26 - 523 - 308 U.S. government securities: Bought outright—Bills 66,949 + 548 + 5,028 Notes 64,494 + 600 + 1,450 Bonds 2222,,003377 — ++ 1,808 Total bought outright2 115533,,448800 ++ 1,148 ++ 8,286 Held under repurchase agreements 1 268 - 4,030 - 3,908 Total U.S. government securities 153,748 - 2,882 + 4,378 Total loans and securities 167,053 - 6,302 + 6,164 Cash items in process of collection (2,157) 6,700 + 610 - 1,598 Bank premises 564 + 1 + 11 Other assets 3 11,955 + 3,738 + 4,251 TOTAL ASSETS (((222,,,111555777))) 220022,,446644 --- 11,,994411 +++ 8,830 LIABILITIES Federal Reserve notes 160,104 - 712 + 12,191 Deposits: 20,345 + 1,055 + 1,578 Depository institutions 8,814 2,896 5,439 U.S. Treasury—general account Foreign—official accounts 196 - 65 - 9 Other 402 - 88 + 2 Total deposits 29,757 - T7S5S - 3,868 Deferred availability cash items (2,157) 6,535 + 910 - 26 Other liabilities and accrued dividends4 2,583 _ 170 + 237 TOTAL LIABILITIES (2,157) 198,979 - T7955 + 8,534 CAPITAL ACCOUNTS Capital paid in 1,566 + 3 + 119 Surplus 1,465 + 106 Other capital accounts 454 + 22 + 71 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 $3,118 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 400 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 $ 62 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, September 26, 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 Acceptances Holdings |Weekly changes Holdings [Weekly changes Within 15 days 4,736 8,223 - 4,276 260 - 449 16 days to 90 days 50 31,434 + 1,155 490 - 99 91 days to 1 year 45,955 + 239 1,794 -I- 58 Over 1 year to 5 years 33,960 4,310 - 33 Over 5 years to 10 years 14,808 1,266 Over 10 years 19,368 399 Total 4,786 153,748 - 2,882 8,519 - 523 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 September 26, 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 11,097 599 3,358 515 617 969 360 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 477 23 20 21 37 60 58 27 31 17 43 35 105 Loans 4,786 27 22 45 6 83 39 4,141 86 56 189 68 24 Acceptances held under repurchase agreements — - — — — — — — Federal agency obligations: Bought outright 8,493 427 2,851 285 470 708 202 1,160 244 114 405 538 1,089 Held under repurchase agreements 1 26 — 26 — — — — — — — — — — U.S. government securities: Bought outright-Bills 66,949 3,370 22,475 2,249 3,707 5,580 1,591 9,140 1,921 901 3,190 4,241 8,584 Certificates: Special Other Notes 64,494 3,246 21,652 2,167 3,571 5,375 1,532 8,805 1,850 868 3,074 4,086 8,268 Bonds 22,037 1,109 7,398 740 1,220 1,837 523 3,009 632 297 1,050 1,396 2,826 Total bought outright 2 L53.480 7,725 51,525 5,156 8,498 12,792 3,646 20,954 4,403 2,066 7,314 9,723 19,678 Held under repurchase agreements 1 268 — 268 — — — — — — — — — — Total U.S. government securities L53,748 7,725 51,793 5,156 8,498 12,792 3,646 20,954 4,403 2,066 . 7,314 9,723 19,678~ Total loans and securities L67.053 8,179 54,692 5,486 8,974 13,583 3,887 26,255 4,733 2,236 7,908 10,329 20,791 Cash items in process of collection 8,857 312 813 379 259 1,883 759 606 523 377 1,156 553 1,237 Bank premises 564 95 25 49 27 104 38 21 16 26 32 18 113 Other assets 3 11,955 282 2,208 307 460 593 431 4,596 213 190 345 1,259 1,071 Interdistrict settlement account -0- + 1,055 + 2,890 + 76 + 693 + 328 + 1,731 - 7,654 37 127 336 + 112 + 1,269 TOTAL ASSETS 204,621 10,786 65,341 7,058 11~,369 17,928 7,425 26,007 6,006 2,940 9,997 13,342 26,422 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 $ 3,118 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 400 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 $ 52 million in Treasury Bills maturing within 90 days. 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 September 26, 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 160,104 9,329 49,530 5,791 9,863 14,322 4,431 22,537 4,780 1,918 7,600 10,296 19,707 Deposits: Depository institutions 20,345 916 4,067 731 723 1,178 1,915 2,032 555 462 1,024 2,066 4,676 U.S. Treasury—general account 8,814 8,814 Foreign-official accounts 196 4 83 7 10 8 12 20 4 5 7 11 25 Other 402 1 293 1 29 2 71 1 2 1 1 Total deposits 29,757 921 13,257 738 734 1,215 1,929 2,123 560 467 1,033 2,078 4,702 Deferred availability cash items 8,692 305 790 273 403 1,996 730 542 499 403 1,084 536 1,131 Other liabilities and accrued dividends1 2,583 127 864 88 144 212 66 359 74 39 122 162 326 TOTAL LIABILITIES 201,136 10,682 64,441 6,890 11,144 17,745 7,156 25,561 5,913 2,827 9,839 13,072 25,866 CAPITAL ACCOUNTS Capital paid in 1,566 44 393 79 104 78 131 195 42 54 72 125 249 Surplus 1,465 40 357 71 101 74 122 192 40 51 68 108 241 Other capital accounts 454 20 150 18 20 31 16 59 11 8 18 37 66 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 204,621 10,786 65,341 7.058 11,369 17,928 7,425 26,007 6,006 2,940 9,997 13,342 26,422 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 189,991 11,321 55,168 8,417 11,053 16,425 7,222 24,861 6,025 2,699 10,691 12,537 23,572 Less-Held by F.R.Banks 29,887 1,992 S.filft 2,626 1,190 2,103 2,791 2,324 1,245 781 3,091 2,241 3,865 F.R. notes, net ^ 160,104 99,,332299 4499,,553300 55,,779911 99,,886633 1144,,332222 44,,443311 2222,,553377 44,,778800 11,,991188 77,,660000 1100,,229966 19,707 Collateral held against F.R. notes: Gold certificate account 11.097 Special Drawing Rights certif. acct. 4,618 Other eligible assets - 0 - U.S. govt, and agency securities 144,389 Total collateral 160,104 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