H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE '•.f«f®?:-' 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 28, 1984 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 DDeecceemmbbeerr 2266,, December 19, December 28, DDeecceemmbbeerr 2266,, 11998844 1983 11998844 Reserve Bank credit: 1» 2 184,020 + 1,337 + 11,054 184,771 U.S. government securities- Bought outright—system account 160,835 + 2,316 + 9,337 161,529 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 1,844 1,317 + 1,091 2,423 Includes: seasonal borrowing of 74 32 40 98 extended credit of 1,677 828 + 1,674 2,133 Float 1,208 123 2,384 438 Other F.R. assets 11,744 + 460 + 3,265 11,992 Gold stock 11,096 27 11,096 Special Drawing Rights certificate account 4,618 4,618 Treasury currency outstanding 16,381 + 12 + 672 16,391 Total factors supplying reserve funds 216,115 + 1,350 + 11,699 216,876 Currency in circulation* 182,790 + 1,398 + 11,183 183,742 Treasury cash holdings* 513 + 1 + 42 513 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,669 + 201 60 3,587 Foreign 214 37 10 182 Service-related balances and adjustments 3 1,782 + 298 + 434 1,130 Other 455 + 14 73 566 Other F.R. liabilities and capital 6,330 . - 72 + - 676 6,133 Total factors, other than reserve balances, 1 absorbing reserve funds 195,752 + 1,802 + 12,191 195,853 Reserve balances with F.R. Banks 4 20,363 453 491 21,023 On December 26, 1984 marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official f and international accounts were $ 121,322 million, an increase of $ 161 million for the week. 1 Net of $ 1,838 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 1,838 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 1,179 . million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 1,179 million was with foreign official and international accounts. Includes $ 278 million securities loaned—fully secured by U.S. government securities. 3 Consists of required clearing balances of $ 1,130 million and adjustments of $ 652 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 26. 1984 Decembe r 19. 1984 December 28. 1983 ASSETS Gold certificate account 11,096 - 27 Special Drawing Rights certificate account 4,618 — — Coin 472 + 23 + 63 Loans 2,423 - 1,091 + 1,112 Acceptances- Held under repurchase agreements __ __. Federal agency obligations- Bought outright 8,389 - 256 Held under repurchase agreements1 _« U.S. government securities: Bought outright—Bills 73,411 + 2,292 + 5,589 Notes 65,167 + 1,233 BBoonnddss 22,951 — + 2,137 TToottaall bboouugghhtt oouuttrriigghhtt22 161,529 + 2,292 + 8,959 Held under repurchase agreements 1 — — — Total U.S. government securities 161,529 + 2,292 + 8,959 Total loans and securities 172,341 + 1,201 + 9,815 Cash items in process of collection (1,173) 6,302 «. 1,899 _ 5,575 Bank premises 563 2 + 32 Other assets 3 11,429 + 30 + 3,243 TOTAL ASSETS ((11,,117733)) 206,821 647 ++ 7,531 LIABILITIES Federal Reserve notes 168,336 + 1,755 + 10,634 Deposits: Depository institutions 22,153 - 1,111 - 660 U.S. Treasury—general account 3,587 - 59 - 49 Foreign—official accounts 182 - 90 - 81 Other ( 584) 566 + 150 + 8 Total deposits ( 584) 26,488 - 1,110 - 782 Deferred availability cash items (1,173) 5,864 - 1,270 - 2,958 Other liabilities and accrued dividends4 2,561 - 9 + 295 TOTAL LIABILITIES (1,757) 203,249 - 634 + 7,189 CAPITAL ACCOUNTS Capital paid in 1,627 + 2 + 162 Surplus 1,465 — + 106 Other capital accounts 480 - 15 + 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 $1,179 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 278 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 $ 44 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 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 2,404 9,525 + 1,339 187 23 16 days to 90 days 19 34,548 + 2,965 521 24 91 days to 1 year 46,246 - 2,012 1,665 74 Over 1 year to 5 years 36,877 4,350 53 Over 5 years to 10 years 14,100 1,267 20 Over 10 years 20,233 399 Total 2,423 161,529 + 2,292 8,389 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

HAA <b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON December 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 11,095 599 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 472 24 17 14 36 62 51 27 22 15 44 66 94 Loans 2,423 12 9 58 30 50 2,147 12 5 62 29 9 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 73,411 3,694 24,645 2.467 4,065 6,118 1,744 10,023 2,106 989 3,498 4,650 9,412 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 2222,,995511 1.155 7,705 771 1,271 1,913 545 3,133 659 308 1,094 1,454 2,943 Total bought outright 2 116611,,552299 8,129 54,227 5.427 8,944 13,462 3,837 22,053 4,634 2,175 7,698 10,232 20,711 HHeelldd uunnddeerr rreeppuurrcchhaassee aaggrreeeemmeennttss 11 — , — -- — TToottaall UU..SS.. ggoovveerrnnmmeenntt sseeccuurriittiieess 161,529 1 8,129 54,227 5,427 8,944 13,462 3,837 22,053 4,634 2,175 7,698 10,232 20,711 TTToootttaaalll llloooaaammm aaannnddd ssseeecccuuurrriiitttiiieeesss 172,341 8,563 57,052 5,767 9,409 14,191 4,086 25,345 4,887 2,293 8,160 10,792 21,796 C O C O C O BBB aaa aaa ttthhh sss nnn hhh eee kkk rrr iii ppp ttt aaa eee rrr sss mmm eee sss mmm eee sss ttt iii sss iii sss nnn eee 333 sss ppp rrroooccceeessssss ooofff cccooolllllleeeccctttiiiooonnn 8,0 5 5 6 9 3 2 9 6 5 2 68 2 2 5 7 4 8 9 5 2 2 7 8 7 3 1 6 0 9 3 60 3 4 9 6 2 9 1 1 7 1 3 6 1 46 2 2 5 1,26 3 1 4 1,01 1 0 8 9 1 2 1 5 0 IIInnnttteeerrrdddiiissstttrrriiicccttt ssseeettttttllleeemmmeeennnttt aaaccccccooouuunnnttt 11,429 302 1,986 307 452 546 442 4,628 224 118822 333377 997722 1,051 + 1,185 + 808 - 480 + 178 4- 548 + 2,478 - 5,539 + 109 -- 115577 -- 331177 ++ 443311 + 756 TTTOOOTTTAAALLL AAASSSSSSEEETTTSSS 208,578 11,271 65,262 7,182 11,299 17,196 8,221 27,329 6,516 33,,004411 1100,,336688 1144,,332255 26,568 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 $ 1,179 million matched sale-purchase transactions outstanding at the end of the J8test statement week. Includes $ 2 78 ""Won 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 $ 44 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 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 168.336 9,911 51.075 55,,772288 10,073 15,523 5,296 23,856 5,214 2,049 7,771 10,823 21,017 Deposits: Depository institutions 22,153 566 7.537 889977 587 1,034 1,724 1,764 504 320 1.070 2,296 3,854 U.S. Treasury—general account 3,587 3.587 Foreign—official accounts 182 4 68 77 10 8 13 20 3 5 7 11 25 Other 1,150 31 608 3355 41 29 127 124 11 16 46 60 Total deposits 27,072 601 11,800 993399 638 1,071 1,864 1.908 530 336 1.093 2,353 3,939 Deferred availability cash items 7,037 529 639 225577 219 203 718 702 596 505 1,223 709 737 Other liabilities and accrued dividends 1 - 2,561 125 846 8888 143 212 -76 356 76 38 121 160 326 TOTAL LIABILITIES 205,006 11,166 64,360 7,012 11.073 17,009 7.948 26,822 6,416 2,928 10,208 14,045 26,019 CAPITAL ACCOUNTS Capital paid in 1,627 45 397 80 104 80 134 228 46 54 74 129 256 Surplus 1,465 40 357 71 101 74 122 192 40 51 68 108 241 Other capital accounts 480 20 148 19 2.1 33 17 87 14 8 18 43 52 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 208,578 11,271 65.262 7,182 11,299 17,196 8,221 27,329 6.516 3,041 10,368 14,325 26,568 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 194,391 11,564 55,683 8,033 11,107 17.560 8,021 25.499 6,488 2.590 10,827 12,692 24,327 Less-Held by F.R. Banks 26,055 1,653 4K608 2.305 1,034 2,037 2,725 1,643 1,274 541 3,056 1,869 3,310 F.R. notes, net 168,336 99..991111 5511,,007755 55,,772288 1100,,007733 1155,,552233 55,,229966 2233,,885566 55,,221144 22,,004499 77,,777711 1100,,882233 21,017 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 152,622 Total collateral 168,336 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