H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE •s?!ffi^r. 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 December 13, 1984 Averages of daily figures (millions of dollars) RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt FF..RR.. BBaannkkss,, DDeeWWeeWW,, r Change from week ended Wednesday RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss 11998844 Ms°Der '• l^gejnber 14,- December 12, 196 Reserve Bank credit: 1» 2 183,663 + 2,741 + 13,976 183,268 U.S. government securities- Bought outright—system account 158,751 + 2,201 + 8,080 158,404 Held under repurchase agreements — — — — Federal agency obligations- Bought outright 8,389 — 257 8,389 Held under repurchase agreements — — — — Acceptances- Bought outright — -.- — — Held under repurchase agreements — — — — Loans to depository institutions 3,301 - 1,052 + 2,672 3,155 Includes: seasonal borrowing of 124 „ 44 + 35 118 extended credit of 3,043 - 665 + 3,042 2,914 Float 1,789 + 1,276 + 206 1,912 Other F.R. assets 11,433 + 316 + 3,274 11,408 Gold stock 11,096 — 27 11,096 Special Drawing Rights certificate account 4,618 __ —. 4,618 Treasury currency outstanding 16,357 + 12 + 666 v 16,367 Total factors supplying reserve funds 215,734 + 2,753 + 14,615 215,349 Currency in circulation* 180,790 + 1,077 + 11,172 181,347 Treasury cash holdings* 512 + 9 + 39 512 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,331 + 745 + 65 2,627 Foreign 233 «. 74 + 36 256 Service-related balances and adjustments 3 1,708 + 131 + 224 1,135 Other 434 «. 20 147 423 Other F.R. liabilities and capital 6,406 + 71 + 789 6,203 ^ Total factors, other than reserve balances, absorbing reserve funds 193.414 + 1,939 + 12,179 192,503 Reserve balances with F.R. Banks 4 22,321 + 816 + 2,438 22,846 On December 12, 1984, marketable U,S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $118,850 million, a decrease of $1,586 million for the week. 1 Net of $3,099 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $3^099 million was with foreign official and international accounts. Includes securities loaned—fully secured by U,S government securities, 2 Net of $3,588 million matched sale^purchase transactions outstanding at the end of the latest statement week, of which a net of $3,588 million was with foreign official and international accounts. Includes $397 million securities loaned—fully secured by U,S. government securities, 3 Consists of required clearing balances of $1,135 million and adjustments of $573 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

M.4.1 (a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS Millions of dollars Change %\nm Wednesday Wedtt£ Sd&Y Wednesday December 12, 1984[December 5, 1984 December 14, 1983 ASSETS Gold certificate account 11,096 27 Special Drawing Rights certificate account 4,618 Coin 460 + 10 + 21 Loans 3,155 - 1,978 + 724 Acceptances- Held under repurchase agreements Federal agency obligations- 8,389 - 256 Bought outright Held under repurchase agreements 1 U.S. government securities: 70,398 + 5,069 + 5,091 Bought outright—Bills 65,055 + 1,121 Notes 22,951 + 2,137 Bonds 158,404 + 5,069 + 8,349 Total bought outright2 — — Held under repurchase agreements1 158,404 + 5,069 + 8,349 Total U.S. government securities 169,948 + 3.091 + 8,817 Total loans and securities (1.151) 8,067 111 - 2,124 Cash items in process of collection 568 + 3 + 15 Bank premises 10,840 105 + 3,075 Other assets 3 (1,151) 205,597 i. 2,888 + 9,777 TOTAL ASSETS LIABILITIES Federal Reserve notes 165,952 + 1,214 +10,679 Deposits: 23,981 + 2,568 + 121 Depository institutions U.S. Treasury—general account 2,627 - 302 .» 212 Foreign—official accounts 256 3 + 24 Other 423 - 4 .- 92 Total deposits 27,287 + 2,259 •- 159 Deferred availability cash items (1,151) 6,155 - 673 .. 1,514 Other liabilities and accrued dividends4 2,616 + 60 + 404 TOTAL LIABILITIES (1.151) 202,010 + 2,860 + 9,410 CAPITAL ACCOUNTS Capital paid in 1,622 + 161 Surplus 1,465 —. + 106 Other capital accounts 500 + 28 + 100 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 $ 3,588 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 397 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 $ 64 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 12, 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 I Loans AAcccceeppttaanncceess Holdings |Weekly changes Holdings (Weekly changes Within 15 days 3,088 — 7,441 +3,648 73 -85 16 days to 90 days 67 — 31.571 + 36 634 +62 91 days to 1 year — — 48,182 +1,385 1,739 +29 Over 1 year to 5 years — — 36,877 — 4,297 -16 Over 5 years to 10 years — — 14,100 — 1,247 +10 Over 10 years — — 20,233 — 399 — Total I 3,155 — 158,404 +5.069 8,389 — 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 12. 1984 Millions of dollars Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis K C an it s y a s Dallas Fra S n a ci n s co 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 460 24 20 15 36 60 52 28 21 16 44 44 100 Loans 3,155 — — 68 — 28 5 2,894 12 3 96 39 10 Acceptances held under repurchase agreements — — — — — — — — — — — — — Federal agency obligations: Bought outright J 8.389 422 2,816 282 465 699 199 1,145 241 113 400 531 1.076 Held under repurchase agreements * ~~ \ — — — ~ ~ — — — — — — — U.S. government securities: Bought outright-Bills 70,398 3,543 23,634 2,364 3,898 5,867 1,673 9,611 2,019 948 3,355 4,459 9,027 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 2 158.404 7,972 53,179 5,321 8,771 13,202 3,763 21,626 4,544 2,132 7,549 10,034 20,311 Held under repurchase agreements 1 — — — — — — — — — — — — — Total U.S. government securities 158,404 7.972 53.179 5,321 8,771 13,202 3.763 21.626 4,544 2,132 7,549 10,034 20,111 Total loans and securities 169,948 8,394 55,995 5,671 ^.236 13,929 3.967 25,665 4,797 2,248 8,045 10,604 21,397 Cash items in process of collection 9,218 453 1.312 366 416 528 900 956 618 484 1.301 530 1,354 Bank premises 568 95 25 49 28 103 39 21 16 26 34 18 114 Other assets 3 10,840 257 1,850 292 4X6 446 407 4.546 195 187 320 921 993 Interdistrict settlement account -0- +1,025 + 824 - 161 + 464 + 962 +1.342 -6.434 + 202 31 - 333 + 674 +1,466 TOTAL ASSETS 206,748 11,088 64,718 6,972 11,525 17.405 7,228 26.938 6,376 3,151 10,260 13,827 27,260 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 $ 3,588 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 397 million securities loaned-fully secured by U.S. government securities. 3 Includes assets denominated in foreign currencies, revalued monthly at market exchang erates. 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 Member 12. 1984 Million! of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES Federal Ratarva notes 165.952 9.761 50.864 5.624 10.053 15.427 4.430 23,727 5.184 2.023 7.784 10.561 20,514 Daposits: Depository institutions 23.981 700 8.125 786 777 1,225 1.846 1.696 478 491 951 2,263 4,643 U.S. Treasury-general account 2.627 2.627 Foreign-official accounts 256 4 143 7 10 8 12 20 4 5 7 11 25 Other 423 1 320 1 22 1 71 1 1 1 1 3 Total deposit! 27.287 705 11.215 793 788 1,255 1.859 1.787 483 497 959 2,275 4,671 Deferred availability caah items 7.306 386 876 295 311 321 593 546 532 478 1.230 546 1.192 Other liabilities and accrued dividends 1 2*614 L30 . £62 x90 146 215 69 v366 76 40 125 165 333 TOTAL LIABILITIES 203.161' 10.982 63.817 6.802 11.298 17.218 6.951 26.426 6,274 3.038 10.098 13,547 26.710 CAPITAL ACCOUNTS Capital paid in 1.622 45 396 80 104 80 134 227 46 54 74 129 253 Surplus 1.465 40 357 71 101 74 122 192 40 51 68 108 241 Other capital accounts v500 v21 vl48 1ft . 22 - 33 ^21 93 16 8 20 43 56 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 206.748 11.088 64.718 6^72 11.525 17.405 7.228 26.938 6V376 3.151 10.260 13,827 27.260 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notat outstanding 195.304 11.696 56.321 8.085 11.209 17.603 7,413 25.764 6.553 2.626 10.957 12,714 24.363 Less-Held by F.R. Banks 29.352 1.931 5.457 2.461 1.156 2,176 2.983 2.037 1.369 603 3.173 2,153 3,849 F.R. notes, nat 165.952 99,,776611 5500..886644 55..662244 1100..005533 1155,,442277 44,,443300 2233..772277 55..118844 22..002233 JJ;;>>**44 1166,,UU11 20.514 Collateral held againet F.R. notas: Gold certificate account 11.096 Special Drawing Rights cartif. acct 4.618 Other eligible assets -0- US. govt, and agency securities 150.238 Total collateral 165.952 1 Includes axchanga translation account reflecting the monthly revaluation at market axchanga rates of foreign axchanga commitments. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis