H.4.1 Factors Affecting Reserve Balances of Depository Institutions

!of Gov/i FEDERAL RESERVE Factors Affecting Reserve Balances of Depository Institutions and ML RE Condition Statement of F.R. Banks H.4.1 For release at 4:30 p.m. Eastern time January 4, 1985 Averages of daily figures (millions of dollars) RReesseerrvvee bbaallaanncceess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss aatt FF..RR.. BBaannkkss,, WWeeeekk eennddeedd Change from week ended Wednesday RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss JJaannuuaarryy 22,, December 26, January 4, January 2, ,_ 11998855 ** 1984 1984' 1985 * Reserve Bank credit: 1» 2 189,283 + 5,263 + 14,438 195,185 U.S. government securities— Bought outright—system account 159,641 1,194 + 8,521 158,616 Held under repurchase agreements 3,337 + 3,337 + 902 7,349 Federal agency obligations- Bought outright 8,389 256 8,389 Held under repurchase agreements 480 + 480 + 205 710 Acceptances- Bought outright Held under repurchase agreements 413 Loans to depository institutions 3,537 + 1,693 + 2,246 6,347 Includes: seasonal borrowing of 85 + 11 + 12 61 extended credit of 2,401 + 724 + 2,396 2,262 Float 2,033 + 825 86 1,791 Other F.R. assets 11,867 + 123 + 3,320 11,983 Gold stock 11,096 25 11,096 Special Drawing Rights certificate account 4,618 4,618 Treasury currency outstanding 16.393 + 12 + 661 16.403 Total factors supplying reserve funds 221,390 + 5,275 + 15,074 227,302 Currency in circulation ** 183,878 + 1,088 + 11,786 184,090 Treasury cash holdings** 513 + 40 513 Deposits, other than reserve balances, with F.R. Banks: Treasury 4,033 + 364 + 597 3,057 Foreign 255 + 41 + 45 247 Service-related balances and adjustments 3 1,878 + 100 + 347 1,126 Other 565 + 110 190 761 Other F.R. liabilities and capital 6,284 46 + 770 6,219 Total factors, other than reserve balances, absorbing reserve funds 197,405 + 1,657 + 13,394 196,013 Reserve balances with F.R. Banks 4 23,985 -1- 3,618 ..+ 1>680 31,289 O January 2, 1985 marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official n f and international accounts were $ 120,283 million, a decreaseof $ l,039nillion for the week. 1 Net of $3,415 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,415 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 4,447 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4,447 million was with foreign official and international accounts. Includes $ 996 million securities loaned—fully secured by U.S. government securities. 3 Consists of required clearing balances of $ 1,126 million and adjustments of $ 752 million to compensate for float. 4 Excludes required clearing balances and adjustments to compensate for float. * Estimated (Boston District). ** 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, January 2, 1985 ** December 26, 1984 January 4, 1984 ASSETS Gold certificate account 11,096 — - 25 Special Drawing Rights certificate account 4,618 — —• Coin 430 - 42 + 29 Loans 6,347 + 3,924 + 5,130 Acceptances- Held under repurchase agreements — — - 436 Federal agency obligations- Bought outright 8,389 — - 256 Held under repurchase agreements'! 710 + 710 + 381 U.S. government securities: Bought outright—Bills 70,428 - 2,983 + 2,029 Notes 65,237 + 70 + 1,303 Bonds 2222,,995511 — ++ 22,,113377 Total bought outright* 115588,,661166 __,, 2,913 ++ 55,,446699 Held under repurchase agreements'! 7,349 + 7,349 + 2,977 Total U.S. government securities 165,965 + 4,436 + 8,446 Total loans and securities 181,411 + 9,070 + 13,265 Cash items in process of collection (1,324) 8,225 + 1,923 - 4,676 Bank premises 569 + 6 + 20 Other assets3 11,414 - 15 + 3,194 TOTAL ASSETS ((11,,332244)) 217,763 ++ 10,942 ++ 11,807 LIABILITIES Federal Reserve notes 168,630 + 294 + 11,323 Deposits: Depository institutions 32,415 + 10,262 + 3,652 U.S. Treasury—general account 3,057 - 530 - 47 Foreign—official accounts 247 + 65 + 49 Other 761 + 195 + 334 Total deposits 36,480 + 9,992 + 3,988 Deferred availability cash items (1,324) 6,434 + 570 _ 4,171 Other liabilities and accrued dividends* 2,874 + 313 + 359 TOTAL LIABILITIES (1,324) 214,418 + 11,169 + 11,499 CAPITAL ACCOUNTS Capital paid in 1,627 + 162 Surplus 1,626 + 161 + 161 Other capital accounts ?2 - 388 - 15 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 $ 4,447 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $996 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 $ 22 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 (Boston District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, January 2, 1985 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 jWeekly changes Within 15 days 6,317 — 10,565 + 1,040 760 + 573 16 days to 90 days 30 — 36,200 + 1,652 643 + 122 91 days to 1 year — — 47,795 + 1,549 1,701 + 36 Over 1 year to 5 years — — 37,072 + 195 4,329 - 21 Over 5 years to 10 years — — 14,100 — 1,267 — Over 10 years 2200,,223333 — 339999 — Total 6677334477 —— 116655,,996655 + 4,436 99,,009999 + 710 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 January 2, 1985 Millions of dollars Kansas San Total Boston * New York Philadelphia Cleveland R ichmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 168,630 9,954 51,297 5,685 10,152 15,488 5,192 23,894 5,227 2,062 7,763 10,794 21,122 Deposits: Depository institutions 32,415 1,159 11,918 1,112 1,369 1,821 2,468 2,391 738 785 1,320 2,336 4,998 U.S. Treasury—general account ! 3,057 3,057 Foreign-official accounts 247 4 133 7 10 8 13 20 4 5 7 11 25 Other ! 761 17 631 1 1 36 1 30 1 1 7 17 18 Total deposits 36,480 1,180 15,739 1,120 1,380 1,865 2,482 2,441 743 791 1,334 2,364 5,041 Deferred availability cash items 7.758 312 772 321 183 337 688 488 642 630 1,938 648 799 Other liabilities and accrued dividends 1 2,874 129 1,053 88 145 224 79 359 74 39 193 162 329 TOTAL LIABILITIES 215,742 11,575 68,861 7,214 11,860 17,914 8.441 27,182 6,686 3,522 11,228 13,968 27,291 CAPITAL ACCOUNTS Capital paid in 1,627 45 397 80 104 80 135 228 46 54 74 129 255 Surplus 1,626 45 397 80 104 80 134 228 46 54 74 129 255 Other capital accounts 92 4 30 3 5 8 2 14 2 1 10 13 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 219,087 11,669 69,685 7,377 12,073 18,082 8.712 27,652 6,780 3,631 11,386 14.226 27,814 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 193,687 11.531 55,629 7.993 11,073 17,479 7.853 25.454 6,472 2,583 10,794 12.630 24,196 Less-Held by F.R. Banks 25,057 1,577 4,332 2.308 921 1,991 2,661 1,560 1,245 521 3,031 1,836 3,074 F.R. notes, net 168,630 99,,995544 5511,,229977 55,,668855 1100..115522 1155,,448888 55,,119922 2233,,889944 55,,222277 22,,006622 77,,776633 1100..779944 21,122 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 152,916 Total collateral 168,630 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. * Estimated (Boston District). 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 January 2, 1985 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 430 22 17 13 34 60 50 26 24 15 43 33 93 Loans 6,347 315 1,895 198 204 377 477 2,296 22 7 139 323 94 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 1 710 — 710 — — — — -- __ — — ~ — U.S. government securities: Bought outright-Bills 70,428 3,545 23,644 2,367 3,899 5,869 1,673 9,615 2,020 948 3,356 4,462 9,030 Certificates: Special Other Notes 65,237 3,283 21,901 2,191 3,612 5,437 1,550 8,907 1,871 879 3,109 4,132 8,365 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 2 158,616 7,983 53,250 5,329 8,782 13,219 3,768 21,655 4,550 2 ,135 7,559 10,048 20,338 Held under repurchase agreements 1 7,349 — 7,349 — — — — — — — ~ — — Total U.S. government securities 165,965 7,983 60,599 5,329 8,782 13,219 3,768 21,655 4,550 2 ,135 7,559 10,048 20,338 Total loans and securities 181,411 8,720 66,020 5,809 9,451 14,295 4,444 25,096 4,813 2 ,255 8,098 10,902 21,508 Cash items in process of collection 9,549 323 978 326 326 302 558 1,259 828 667 1,911 984 1,087 Bank premises 569 95 26 49 28 103 39 21 17 25 36 19 111 Other assets 3 11,414 268 2,159 297 422 466 453 4,473 201 183 459 964 1,069 Interdistrict settlement account -0- + 1,401 - 4,207 + 143 + 893 + 1,479 + 2,647 - 5,379 + 370 + 265 - 10 + 288 + 2,110 TOTAL ASSETS 219,087 11,669 69,685 7,377 12,073 18,082 8,712 27,652 6,780 3 ,631 11,386 14,226 27,814 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 $ 4,447 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 996 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 $ 22 million in Treasury Bills maturing within 90 days. Estimated (Boston District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis