H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE '••f^^V:-- Factors Affecting Reserve Balances of Depositary Institutions and Condition Statement of F.R. Banks H.4.1 For release at 4:30 p.m. Eastern time December 20, 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 number 19, ^ number 12, ?9§3mb6r 21~ DD 1199 ee 88 cc 44 ee mmbbeerr 1199 ** ,, Reserve Bank credit: 1> 2 182,664 - 999 + 9,238 184,171 U.S. government securities— Bought outright—system account 158,519 - 232 + 4,749 159,237 Held under repurchase agreements __ __ Federal agency obligations- Bought outright 8,389 — 256 8,389 Held under repurchase agreements —. Acceptances- Bought outright — — Held under repurchase agreements __ — __ Loans to depository institutions 3,161 «. 140 + 2,107 3,514 Includes: seasonal borrowing of 106 ^ 18 + 6 87 extended credit of 2,505 _ 538 + 2,504 1,085 Float 1,287 _ 502 368 1,067 Other F.R. assets 11,309 — 124 + 3,008 11,964 Gold stock 11,096 _ 27 11,096 Special Drawing Rights certificate account 4,618 _ _. 4,618 Treasury currency outstanding 16,369 + 12 + 668 16,379 Total factors supplying reserve funds 214,746 - 988 + 9,878 216,264 Currency in circulation** 181,392 + 602 + 11,183 181,998 Treasury cash holdings** 512 — + 39 513 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,468 + 137 640 3,646 Foreign 251 + 18 + 14 272 Service-related balances and adjustments 3 1,584 - 124 + 83 1,235 Other 441 + 7 179 416 Other F.R. liabilities and capital 6,402 - 4 + 720 6,155 Total factors, other than reserve balances, absorbing reserve funds 194,050 + 636 + 11,220 194,235 Reserve balances with F.R. Banks 4 20,697 - 1,624 - 1,339 22,029 On December 19, 1984 marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official f and international accounts were $ 121,161 million, an increase of $ 2,31imiilion for the week. 1 Net of $ 3,865 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,711 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 3,237 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 3,237 million was with foreign official and international accounts. Includes $ 406 million securities loaned—fully secured by U.S. government securities. 3 Consists of required clearing balances of $i ,235 million and adjustments of $ 349 million to compensate for float. 4 Excludes required clearing balances and adjustments to compensate for float. •Estimated (St. Louis District). ••Estimated (Treasury's figures). NOTE: The H.4.1 statistical release will not be published on Thursday, December 27 and January 3, but instead will be published on December 28 and January 4, respectively, owing to holiday delays in data flows. 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 19. 184 December 12. 1984 December 21. 1983 ASSETS Gold certificate account 11,096 — - 27 Special Drawing Rights certificate account 4,618 — — Coin 449 - 11 + 33 Loans 3,514 + 359 + 2,382 Acceptances— Held under repurchase agreements — _« — Federal agency obligations- Bought outright 8,389 — - 256 Held under repurchase agreements 1 — — — U.S. government securities: Bought outright—Bills 71,119 + 721 + 3,488 Notes 65,167 + 112 + 1,233 Bonds 22,951 — + 2,137 Total bought outright2 159,237 + 833 + 6,858 Held under repurchase agreements1 — — — Total U.S. government securities 159,237 ++ 833 ++ 6,858 Total loans and securities 171,140 + 1,192 + 8,984 Cash items in process of collection (1,233) 8,201 + 134 „ 3,782 Bank premises 565 — 3 + 14 Other assets 3 11,399 + 559 + 3,410 TOTAL ASSETS (1,233) 207,468 + 1,871 + 8,632 LIABILITIES Federal Reserve notes 166,581 + 629 + 10,446 Deposits: Depository institutions 23,264 - 717 - 783 U.S. Treasury—general account 3,646 + 1,019 - 975 Foreign—official accounts 272 + 16 - 15 Other 416 - 7 - 80 Total deposits 27,598 + 311 1,853 Deferred availability cash items (1,233) 7,134 + 979 - 617 Other liabilities and accrued dividends* 2,570 - 46 + 299 TOTAL LIABILITIES (1,233) 203,883 + 1,873 + 8,275 CAPITAL ACCOUNTS Capital paid in 1,625 + 3 + 161 Surplus 1,465 — + 106 Other capital accounts 495 - 5 + 90 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 $ 3,237 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 406 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 $ 60 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. ** Estimated (St. Louis District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, December 19, 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 jWeekiy changes Holdings Weekly changes Within 15 days 3,485 8,186 + 745 210 + 137 16 days to 90 days 29 — 31,583 + 12 497 - 137 91 days to 1 year — — 48,258 + 76 1,739 — Over 1 year to 5 years — — 36,877 — 4,297 Over 5 years to 10 years — — 14,100 — 1,247 — Over 10 years — —— 2200,,223333 339999 — Total 3,514 115599,,223377 ++ ~~883333 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 19. 198A 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. A.618 241 1.335 225 302 408 161 646 170 61 241 310 518 Coin 449 25 19 14 36 61 52 28 21 15 44 37 97 Loans 3,514 2 2,226 33 - 19 25 1.077 11 6 75 30 10 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 71,119 3.579 23.876 2,389 3,938 5.927 1,690 9,710 2,040 958 3,389 4,505 9,118 Certificates: Special Other Notes 65,167 3.280 21,877 2,189 3,608 5.431 1,548 8,897 1.869 878 3,106 4,128 8,356 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 2 159.237 8,014 53,458 5.349 8,817 13.271 3,783 21,740 4,568 2,144 7,589 10,087 20,417 Held under repurchase agreements * ~ — -- — — — — — — — — — ~ Total U.S. government securities 159,Z37 8,014 53,458 5.349 8.817 13.271 3,783 21,740 4,568 2,144 T75B9— 10,087 20,417 Total loans and securities 171.140 8,438 58.500 5,664 9,282 13.989 4,007 23,962 4,820 2,263 8,064 10,648 21.503 Cash items in process of collection 9.434 515 1.411 690 168 700 420 943 548 514 1.461 342 1,722 Bank premises 565 95 25 49 27 103 39 21 16 25 34 19 112 Other assets 3 11.399 285 1.984 297 496 459 516 4,613 239 181 326 983 1,020 Interdistrict settlement account -0- + 1,384 - 4,300 - 288 + 809 + 1,046 + 2,901 - 4.432 + 498 + 315 - 194 • 1,030 + 1,231 TOTAL ASSETS 208.701 11,582 62,331 7,166 11.737 17,735 8.456 27.291 6,669 3,534 10.584 14,095 27,521 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 $ 3,237 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 406 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 $ 60 million in Treasury Bills maturing within 90 days. * Estimated (St. Louis). 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 DeCembei 19.- 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 166,581 9,796 50,603 5,655 10,007 15.377 5,217 23,635 5.166 2.024 7,712 10,664 20,725 Deposits: Depository institutions 23,264 1,129 4.811 878 986 1.441 2,068 2,105 799 811 1.196 2,424 4.616 U.S. Treasury-general account 3,646 3,646 Foreign-official accounts 272 4 159 7 10 8 12 20 4 5 7 11 25 Other 416 I v 329 1 1 8 V f 67 2 2 4 Total deposits 27,598 1,134 8.945 886 997 1.457 2,081 2,192 803 816 1,205 2.437 4,645 Deferred availability cash items 8,367 420 1,032 367 362 502 815 592 525 540 1.383 552 1,277 Other liabilities and accrued dividends 1 2,570 126 849 . 88 144 211 67 ^ 359 74 41 122 162 327 TOTAL LIABILITIES 205,116 11,476 61.429 6.996 11.510 17.547 8.180 26,778 6.568 3.421 10.422- 13.815 26.974 CAPITAL ACCOUNTS Capital paid in 1.625 45 396 80 104 80 134 228 46 54 74 129 255 Surplus 1,465 40 357 71 101 74 122 192 40 51 68 108 241 Other capital accounts 495 21 149 19 22 34 20 A3 15 8 20 43 51 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 208,701 11,582 62,331 7,166 11.737 17.735 8.456 2 7.291 6,669 3.534 10.584 14.095 27,521 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 194,984 11,588 55.744 8.063 11,135 17,633 8,140 25.529 6.503 2.600 10,859 12,744 24,446 Less-Held by F.R. Banks 28.403 1,792 5,141 2.408 1,128 2,256 2,923. 1,894 1,337 576 3.147 2.080 3,721 F.R. notes, net 166.581 99..779966 5500,,660033 55,,665555 1100..000077 1155,,337777 55,,221177 2233..663355 55..116666 22,,002244 77..771122 1100,,666644 20,725 ~ 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 150.867 Total collateral 166,581 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. * Estimated (St. Louis), Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis