H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Reserve Balances of Depository Institutions and ^LRESV. Condition Statement of F.R. Banks H.4.1 For release at 4:30 p.m. Eastern time November 23, 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 November 21, November i4, 1 November z3, November 21, 1984 1984 1983 1984 Reserve Bank credit: 1> 2 180,209 + 614 +11,586 181,617 U.S. government securities- Bought outright—system account 154,485 + 1,487 + 5,748 153,654 Held under repurchase agreements 1,184 + 1,184 + 198 503 Federal agency obligations- Bought outright 8,389 64 - 341 8,389 Held under repurchase agreements 75 + 75 130 77 Acceptances- Bought outright ,— _,- __ Held under repurchase agreements _.„ _,_ - 233 Loans to depository institutions 4,268 415 + 3,455 6,732 Includes: seasonal borrowing of 194 21 + 71 195 extended credit of 3,499 777 + 3,495 3,612 Float 866 + 165 229 1,183 Other F.R. assets 10,942 - 1,818 + 3,118 11,079 Gold stock 11,096 27 11,096 Special Drawing Rights certificate account 4,618 4,618 Treasury currency outstanding 16,321 + 12 + 662 16,331 Total factors supplying reserve funds 212,244 + 626 +12,221 213,662 Currency in circulation* 179,092 + 511 +11,573 179,765 Treasury cash holdings* 490 1 + 7 493 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,509 + 381 + 1,068 2,679 Foreign 234 32 5 226 Service-related balances and adjustments 3 1,590 + 154 + 338 1,138 Other 497 40 54 462 Other F.R. liabilities and capital 6,304 + 3£ + 700 6,062 Total factors, other than reserve balances, absorbing reserve funds 191,715 + 1,011 +13,627 190,825 Reserve balances with F.R. Banks 4 20,529 386 - 1,406 22,837 On November 21, 1984 > marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 117,288 million, a decrease of $ 389 million for the week. 1 Net of $ 2,278 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 2,278 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. Net of $ 3,173 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 3,173 million was with foreign official and international accounts. Includes $321 million securities loaned—fully secured by U.S. government securities. Consists of required clearing balances of $ 1,138 million and adjustments of $ 452 million to compensate for float. 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 November 21, 1984 November 14, 1984 November 23, 1983 ASSETS Gold certificate account 11,096 — - 27 Special Drawing Rights certificate account 4,618 — — Coin 477 - 3 + 31 Loans 6,732 + 1,764 + 5,243 Acceptances- Held under repurchase agreements — — — Federal agency obligations- Bought outright 8,389 — - 341 Held under repurchase agreements1 77 + 77 + 77 U.S. government securities: Bought outright—Bills 65,648 - 973 - 1,116 Notes 65,055 + 561 + 1,121 Bonds 22,951 + 914 + 2,137 Total bought outright2 153,654 + 502 + 2,142 Held under repurchase agreements'! 503 + 503 + 503 Total U.S. government securities 154,157 + 1,005 + 2,645 Total loans and securities 169,355 + 2,846 + 7,624 Cash items in process of collection (1.156) 8,182 - 1,855 - 946 Bank premises 567 + 1 + 14 Other assets 3 10,512 - 1,962 + 2,744 TOTAL ASSETS ((11..115566)) 204,807 z_ J73 + 9,440 LIABILITIES Federal Reserve notes 164,404 + 600 +10,934 Deposits: Depository institutions U.S. Treasury—generai account 23,975 + 1,736 - 1,647 Foreign—official accounts 2,679 - 1,061 - 10 Other 226 + 35 + 29 Total deposits 462 - 32 - 57 Deferred availability cash items 27,342 + 678 - 1,685 Other liabilities and accrued dividends4 (1,156) 6,999 - 2,217 _ 431 TOTAL LIABILITIES 2,479 - 49 + 315 (1,156) 201,224 - 988 + 9,133 CAPITAL ACCOUNTS Capital paid in 1,618 + 4 + 164 Surplus 1,465 — + 106 Other capital accounts 500 + 11 + 37 * 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 $ _o- million was outstanding at the end of the latest statement week. 2 Net of $ 3,173 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 321 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 $ 64 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, NOVEMBER 21, 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 [Weeklychanges Within 15 days 6,683 7,684 -1,888 185 +145 16 days to 90 days 49 29,885 + 834 549 - 68 91 days to 1 year 45,193 -1,470 1,743 Over 1 year to 5 years 37,062 +3,372 4,358 Over 5 years to 10 years 14,100 - 708 1,232 Over 10 years 20,233 -I- 865 399 Total 6,732 154,157 +1,005 8,466 + 77 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 NOVEMBER 21, 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 11,096 599 3,357 515 617 969 360 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 27 20 16 38 61 55 29 26 16 44 39 106 Loans 6,732 133 2,333 34 — 92 28 3,810 30 15 182 44 31 Acceptances held under repurchase agreements — — — — — — Federal agency obligations: Bought outright 8,389 422 2,816 282 465 699 199 1,145 241 113 400 531 1,076 Held under repurchase agreements 1 77 — 77 — — — — — — — — — — U.S. government securities: Bought outright—Bills 65,648 3,304 22,039 2,205 3,635 5,471 1,560 8,963 1,883 884 3,128 4,158 8,418 Certificates: Special Other Notes 65,055 3,274 21,840 2,186 3,602 5,422 1,545 8,882 1,866 876 3,100 4,121 8,341 Bonds 22,951 1,155 7,705 771 1,271 1,913 545 3,133 659 308 1,094 1,454 2,943 Total bought outright 2 153,654 7,733 51,584 5,162 8,508 12,806 3,650 20,978 4,408 2 ,068 7,322 9,733 19,702 Held under repurchase agreements 1 503 — 503 — — — — — — — — — — Total U.S. government securities 154,157 7,733 52,087 5,162 8,508 12,806 3,650 20,978 4,408 ~2 ,068 7,322 9,733 19,702 Total loans and securities 169,355 8,288 57,313 5,478 8,973 13,597 3,877 25,933 4,679 2 ,196 7,904 10,308 20,809 Cash items in process of collection 9,338 351 1,051 403 401 463 655 1,440 630 549 1,328 625 1,442 Bank premises 567 95 25 49 28 103 38 21 16 26 34 18 114 Other assets 3 10,512 236 1,799 270 396 407 402 4,464 188 176 299 894 981 Interdistrict settlement account -0- +1,323 -1,667 + 382 +1,385 +1,573 +1,339 -6,962 + 163 + 203 + 9 + 282 +1,970 TOTAL ASSETS 205,963 11,160 63,233 7,338 12,140 17,581 6,887 27,081 6,229 3 ,387 10,467 13,202 27,258 i __ 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 $ 3,173 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 321 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 $ 64 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 November 21, 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 164,404 9,697 50,564 5,674 10,303 15,103 4,213 23.702 4,979 1,978 7,999 10,179 20,013 Deposits: Depository institutions 23,975 872 6.762 1,060 1,087 1,660 1,591 1,774 491 724 903 1,980 5,071 2,679 2.679 U.S. Treasury-general account Foreign-official accounts 226 4 112 7 10 8 13 20 4 5 7 11 25 Other 462 1 365 1 16 73 1 2 2 1 Total deposits 27,342 877 9,918 1,068 1,097 1,684 1,604 1,867 495 730 912 1,993 5,097 Deferred availability cash items 8,155 359 1,028 332 377 391 721 660 587 529 1,279 598 1,294 Other liabilities and accrued dividends1 2,479 121 823 82 136 218 74 339 70 37 116 154 309 TOTAL LIABILITIES 202,380 11,054 62,333 7,156 11,913 17,396 6,612 26,568 6,131 3,274 10,306 12,924 26,713 CAPITAL ACCOUNTS Capital paid in 1,618 45 395 80 104 79 134 227 46 54 73 128 253 Surplus 1,465 40 357 71 101 74 122 192 40 51 68 108 241 Other capital accounts 500 21 148 31 22 32 19 94 12 8 20 42 51 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 205,963 11.160 63,233 7,338 12,140 17,581 6,887 27,081 6,229 3,387 10,467 13,202 27,258 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 193,226 11,654 56,332 8,017 11,286 17,159 7,105 25,693 6,310 2,650 10,947 12.493 23,580 Less-Held by F.R. Banks 28,822 1,957 5,768 2,343 983 2.056 2,892 1,991 1,331 672 2,948 2,314 3,567 F.R. notes, net 164,404 99,,669977 5500,,556644 55,,667744 1100,,330033 1155,,110033 44,,221133 2233,,770022 44,,997799 11,,997788 77,,999999 1100,,117799 20,013 Collateral held against F.R. notes: Gold certificate account 11,096 Special Drawing Rights certif. acct. 4,618 Other eligible assets -0- U.S. govt, and agency securities 148,690 Total collateral 164,404 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