H.4.1 Factors Affecting Reserve Balances of Depository Institutions

•vojg^^;-.. FEDERAL RESERVE 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 nprpmhpr 6 IQfi/. Averages of daily figures (millions' of dollars) RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt FF..RR.. BBaannkkss,, WWeeeekk eennddeedd Change from week ended WWeeddnneessddaayy RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss DD 11 ee 99 ccee 8844 mm bbeerr 55,, November 28, Dec?9o5r 7> DDeeccee 11 mm 9988 bb 44 ee rr 55,, Reserve Bank credit: 1> 2 180,924 + 281 + 12,087 179,717 U.S. government securities- Bought outright—system account 156,550 + 907 + 6,148 153,335 Held under repurchase agreements 72 Federal agency obligations- Bought outright 8,389 258 8,389 Held under repurchase agreements 11 Acceptances- Bought outright Held under repurchase agreements Loans to depository institutions 4,353 + 205 + 3,915 5,133 Includes: seasonal borrowing of 168 31 + 79 127 extended credit of 3,708 + 440 + 3,706 3,239 Float 524 632 819 i,350 Other F.R. assets 11,108 117 + 3,100 11,510 Gold stock 11,096 27 11,096 Special Drawing Rights certificate account 4^618 4,618 Treasury currency outstanding 16,345 + 12 + 663 16,355 212,983 + 293 + 12,723 211,786 Currency in circulation** Treasury cash holdings** 179,713 134 + 11,206 180,132 Deposits, other than reserve balances, with F.R. Banks: 503 + 8 + 29 511 Treasury Foreign 2,586 398 557 2,929 Service-related balances and adjustments 3 307 + 84 + 86 259 Other 1,578 + 58 + 324 1,255 Other F.R. liabilities and capital 454 12 135 427 Total factors other than reserve balances 6,335 + 99 + 871 6,115 absorbing reserve funds 191,476 295 + 11,822 191,628 Reserve balances with F.R. Banks4 21,506 + 587 + 901 20,158 On December 5, 1984 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 120*436 million, an increase of $1,692 million for the week. 1 Net of $2,936 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 2,531 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $6,268 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 3,433 million was with foreign official and international accounts. Includes $ 710 million securities loaned—fully secured by U.S. government securities. 3 Consists of required clearing balances of $ 1,255 million and adjustments of $ 323 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 December 5, 1984 November 28. 1984 December 7. 1981 ASSETS Gold certificate account 11,096 27 Special Drawing Rights certificate account 4,618 — Coin 450 5 + 17 Loans 5,133 + 1,383 + 4,642 Acceptances— Held under repurchase agreements Federal agency obligations- Bought outright 8,389 - 258 Held under repurchase agreements 1 U.S. government securities: Bought outright—Bills 65,329 - 1,879 + 532 Notes 65,055 •f 1,121 Bonds 22,951 + 2,137 Total bought outright2 153,335 *~l ,879 + 3 ,790 Held under repurchase agreements1 Total U.S. government securities 153,335 - i ,879 + 3 ,790 Total loans and securities 166,857 - 496 + 8 ,174 Cash items in process of collection (1,265) 8,178 - 372 - 1 ,963 Bank premises 565 - 2 + 13 Other assets3 10,945 + 337 + 3 326 TOTAL ASSETS (1,265) 202,709 n 538 + _9_ 540 LIABILITIES ^Federal Reserve notes 164,738 221 +10,420 Deposits: Depository institutions 21,413 981 + 311 U.S. Treasury—general account 2,929 502 - 1,233 Foreign—official accounts 259 + 46 50 Other ^21 - 11 - 111 Total deposits 25,028 - 1,466 - 1,083 Deferred availability cash items (1,265) 6,828 + 649 - 473 Other liabilities and accrued dividends4 2,556 + 72 + 333 TOTAL LIABILITIES (1,265) 199,150 - 524 + 9,197 CAPITAL ACCOUNTS Capital paid in 1,622 + 4 + 163 Surplus 1,465 — + 106 Other capital accounts 472 18 + 74 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 $ 6,268 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 710 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 $ 67 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, DECEMBER 5, 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 5,061 — 3,793 -3,670 158 - 68 16 days to 90 days 72 — 31,535 - 23 572 + 99 91 days to 1 year — — 46,797 +1,999 1,710 - 17 Over 1 year to 5 years — — 36,877 - 185 4,313 - 21 Over 5 years to 10 years — — 14,100 — 1,237 + 7 Over 10 years — ^^55 2200,,223333 339999 — Total 5,133 115533,,333355 -1,879 88,,338899 — 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 December 5, 1984 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco ASSETS Gold certif cate 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 450 25 20 14 36 59 48 27 24 16 44 36 101 Loans 5,133 3 1,376 16 — 25 45 3,220 37 4 135 42 230 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 ~ — — — — — — — — — -- ~ — U.S. government securities: Bought outright-Bills 65,329 3,288 21,932 2,194 3,617 5,444 1,552 8,919 1,874 880 3,113 4,139 8,377 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 2 153,335 7,717 51,477 5,151 8,490 12,779 3,642 20,934 4,399 2,064 7,307 9,714 19,661 Held under repurchase agreements 1 — — — — — — — — — — — — — Total U.S. government securities 153,335 7,717 51,477 5,151 8,490 12,779 3,642 20,934 4,399 2,064 7,307 9,714 19,661 Total loans and securities 166,857 8,142 55,669 5,449 8,955 13,503 3,886 25,299 4,677 2,181 7,842 10,287 20,967 Cash items in process of collection 9,443 363 989 394 535 732 795 756 592 545 1,434 705 1,603 Bank premises 565 95 25 49 27 103 39 21 16 25 33 18 114 Other assets 3 10,945 247 1,887 292 410 428 429 4,518 195 174 309 918 1,138 Interdistrict settlement account -0- +1,404 - 963 70 + 932 +1,456 +1,608 -5,899 + 434 + 41 42 + 128 + 971 TOTAL ASSETS 203,974 11,116 62,319 6,868 11,814 17,658 7,326 26,878 6,465 3,203 10,469 13,128 26,730 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 $ _Q- million was outstanding at the end of the latest statement week. 2 Net of $ 6,268 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $710 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 $ 67 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 DeCember 5, 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*738 9,672 50,346 5,580 10,133 15,271 4,557 23,512 5,188 1,990 7,815 10,248 20,426 Deposits: Depository institutions 21,413 844 5,853 704 882 1,527 1,712 1,817 560 523 1,011 1,830 4,150 U.S. Treasury-general account 2,929 2,929 Foreign—official accounts 259 4 146 7 10 8 12 20 4 5 7 11 25 Other 427 1 314 1 25 2 76 2 2 4 Total deposits 25,028 849 9,242 711 893 1,560 1,726 1,913 564 528 1,020 1,843 4,179 Deferred availability cash items 8,093 363 990 322 421 433 699 586 540 532 1,353 598 1,256 Other liabil ties and accrued dividends 1 2,556 127 846 87 143 209 67 356 74 41 121 160 325 TTOOTTAALL LLIIAABBIILLIITTIIEESS 200,415 11,011 61,424 6^700 11,590 17,473 7,049 26,367 6.366 3,091 10,309 12,849 26,186 CCAAPPIITTAALL AACCCCOOUUNNTTSS CCaappiittaall ppaaiidd iinn 1,622 45 396 80 104 80 135 227 46 54 73 129 253 SSuurrpplluuss 1,465 40 357 71 101 74 122 192 40 51 68 108 241 OOtthheerr ccaappiittaall aaccccoouunnttss -472 20 142 17 19 31 20 92 13 7 19 42 50 TTOOTTAALL LLIIAABBIILLIITTIIEESS AANNDD CCAAPPIITTAALL AACCCCOOUUNNTTSS 203,974 11,116 62,319 6,868 11,814 17,658 7.326 26,878 6,465 3,203 10,469 13,128 26,730 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 194,429 11,650 56,070 8,125 11,192 17,369 7,568 25,682 6,514 2,638 10,901 12,482 24,238 Less-Held by F.R. Banks 29,691 1*978 5,724 2,545 1,059 2.Q98 3,011 2*170 1.326 646 3,086 2,234 3,812 F.R. notes, net H 164,738 99--667722 5500,,334466 55,,558800 1100,,113333 1155,,227711 44..555577 2233..551122 55,,118888 11,,999900 77,,881155 1100,,224488 20,426 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 149.024 Total collateral 164,738 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. * Less than $500,000. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis