H.4.1 Factors Affecting Reserve Balances of Depository Institutions

' o^ °oi^ FEDERAL RESERVE Factors Affecting Reserve Balances of Depository Institutions and "??SfR£S*V Condition Statement of F.R. Banks H.4.1 For release at 4:30 p.m. Eastern time January 17, 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 1166,, JJaannuuaarryy 99,, JJaannuuaarryy 1188,, January 16, 1985 11998855 11998844 1985 Reserve Bank credit: 1» 2 183,808 - 2,740 +12,570 185,645 U.S. government securities- Bought outright—system account 158,645 - 2,388 + 6,823 158,733 Held under repurchase agreements 2,766 + 756 + 2,766 4,420 Federal agency obligations- Bought outright 8,389 — 246 8,389 Held under repurchase agreements 251 + 103 + 251 255 Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 1,200 862 + 419 1,125 Includes: seasonal borrowing of 62 + 9 17 64 extended credit of 925 - 892 + 921 761 Float 720 538 - 578 584 Other F.R. assets 11,836 + 189 + 3,133 12,139 Gold stock 11,095 1 26 11,095 Special Drawing Rights certificate account 4,618 — — 4,618 Treasury currency outstanding 16,445 + 14 + 690 16,457 Total factors supplying reserve funds 215,966 - 2,727 +13,233 217,815 Currency in circulation* 180,589 - 2,197 +11,451 179,799 Treasury cash holdings* 524 + 9 + 46 525 Deposits, other than reserve balances, with F.R. Banks: Treasury 3,463 27 + 345 3,331 Foreign 211 7 14 198 Service-related balances and adjustments 3 1,884 18 221 1,143 Other 420 9 45 421 Other F.R. liabilities and capital 6,319 + 158 + 584 6,208 Total factors, other than reserve balances, absorbing reserve funds 193,410 - 2,091 +12,146 191,625 Reserve balances with F.R. Banks 4 22,556 - 635 + 1,089 26,190 On January 16, 1985 marketable U.S. government securities held in custody by the Federal Reserye Banks for foreign official f and international accounts were $ns 182 million, an increase of $2,197million for the week. 1 Net of $ 3,742 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $3,742 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. government securities. 2 Net of $ 3,400 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $3,400 million was with foreign official and international accounts. Includes $ 279 million securities loaned—fully secured by U.S, government securities. 3 Consists of required clearing balances of $ 1,143 million and adjustments of $ 741 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, Januarv 16. 1985 Januarv 9. 1985 Januarv 18, 1984 ASSETS Gold certificate account 11,095 1 - 25 Special Drawing Rights certificate account 4,618 — — Coin 457 + 23 + 6 Loans 1,125 - 312 - 2,237 Acceptances- Held under repurchase agreements — — Federal agency obligations- Bought outright 8,389 — - 246 Held under repurchase agreements 1 255 + 159 + 255 U.S. government securities: Bought outright—Bills 70,545 - 1,454 + 1,755 Notes 65,237 — + 1,303 Bonds 2222,,995511 — ++ 2,137 Total bought outright2 115588,,773333 - 1,454 ++ 5,195 Held under repurchase agreements1 4,420 + 3,893 + 4,420 Total U.S. government securities 163,153 + 2,439 + 9,615 Total loans and securities 172,922 + 2,286 + 7,387 Cash items in process of collection (1,433) , 8,547 + 2,180 - 1,293 Bank premises 570 + 22 Other assets 3 11,569 + 402 + 3,257 TOTAL ASSETS ((11,,443333)) 209,778 4- 4,890 ++ 9,354 LIABILITIES Federal Reserve notes 164,324 - 2,093 + 10,559 Deposits: Depository institutions 27,333 + 6,291 - 1,430 U.S. Treasury—general account 3,331 - 864 - 590 Foreign—official accounts 198 51 + 27 Other (296) 421 + 28 + 23 Total deposits (296) 31,283 + 5,404 - 1,970 Deferred availability cash items (1,137) 7,963 + 1,505 + 3 Other liabilities and accrued dividends4 2,625 + 61 + 394 TOTAL LIABILITIES (1,433) 206,195 + 4,877 + 8,986 CAPITAL ACCOUNTS Capital paid in 1,630 + 1 + 165 Surplus 1,626 — + 161 Other capital accounts 327 + 12 + 42 Figures in parentheses are the eliminations made in the consolidating process. Does not include U.S. government and federal agency securities resold under matched saie-purchase transactions to foreign official and international accounts of which $ -0- million was outstanding at the end of the latest statement week. Net of $ 3,400 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 279 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 $ 58 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, January 16, 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 AAcccceeppttaanncceess Holdings | Weekly changes Holdings |Weekly changes Within 15 days 1,100 — 8,434 + 2,671 288 + 117 16 days to 90 days 25 — 35,476 - 110 630 + 12 91 days to 1 year — — 47,838 - 122 1,681 - 20 Over 1 year to 5 years — — 37,072 — 4,367 + 38 Over 5 years to 10 years — — 14,100 — 1,279 + 12 Over 10 years — ——** 2200,,223333 — 339999 — Total 1,125 116633,,115533 ++ 2,439 88,,664444 ++ 159 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 16, 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 11,095 599 3,356 515 617 969 360 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 457 26 18 14 38 64 53 28 26 17 43 35 95 Loans 1,125 6 56 59 2 21 45 759 53 2 51 20 51 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 1 255 — 255 — — — — — — — — ~ ~ U.S. government securities: Bought outright-Bills 70,545 3,551 23,683 2,370 3.906 5.879 1,676 9,631 2.024 950 3,361 4,469 9,045 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 2 158.733 7,989 53,289 5,332 8.789 13,229 3,771 21,671 4,554 2 ,137 7,564 10,055 20,353 Held under repurchase agreements 1 4,420 — 4,420 — — — — — — — — — — Tout U.S. government securities 163,153 7,989 57,709 5,332 8.789 13,229 3.771 21,671 4,554 2 TUT 7.S64 10,055 20,353 Total loans and securities 172,922 8,417 60,836 5,673 9.256 13,949 4,015 23.575 4,848 2 ,252 8,015 10,606 21,480 Cash items in process of collection 9,980 377 1.040 318 384 512 882 1.154 587 521 1,388 721 2,096 Bank premises 570 95 26 49 28 103 40 21 17 25 36 19 111 Other assets 3 11,569 294 2,127 320 426 544 416 4,599 217 177 337 981 1,131 Interdistrict settlement account -0- + 1,541 - 3,331 + 233 + 894 + 997 + 1,968 - 3,817 + 542 + 160 - 445 + 964 + 294 TOTAL ASSETS 211,211 11,590 65,407 7,347 11,945 17,546 7,895 27,716 " 6,764 3 .373 10,223 14,362 27,043 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 $ 3.400 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 279 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 $ 58 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 JANUARY 16. 1985 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 164,324 9,646 50,915 5,509 10,007 15.171 4.121 23,609 5,057 1,996 7,510 10,460 20,323 Deposits: Depository institutions 27,333 1,352 8,068 1,048 984 1,481 2,583 2,113 985 691 1,082 2,790 4,156 U.S. Treasury—general account 3,331 3,331 Foreign-official accounts 198 4 85 7 10 7 12 21 4 5 7 12 24 Other 717 1 280 296 29 2 68 8 31 2 Total deposits 31,579 1,357 11,764 1,055 1,290 1,517 2,597 2,202 989 696 1,097 2,833 4,182 Deferred availability cash items 9,100 359 903 528 284 434 810 1,051 544 532 1,335 643 1,677 Other liabilities and accrued dividends1 2,625 123 918 84 138 236 90 345 73 37 118 153 310 TOTAL LIABILITIES 207,628 11,485 64,500 7,176 11.719 17,358 7,618 27,207 6,663 3,261 10,060 14,089 26,492 CAPITAL ACCOUNTS Capital paid in 1,630 45 397 80 104 80 135 229 46 54 74 130 256 Surplus 1,626 45 397 80 104 80 134 228 46 54 74 129 255 Other capital accounts 327 15 113 11 18 28 8 52 9 4 15 14 40 TOTAL LIABILITIES AND CAPITAL 211,211 11,590 65,407 7,347 11,945 17,546 7,895 27,716 6.764 3,373 10.223 14,362 27,043 ACCOUNTS FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 193,845 11,525 55,871 8,073 11,181 17,262 7,404 25,641 6,443 2,559 10,708 12,570 24,608 Less-Held by F.R. Banks 29,521 1,879 4,956 2,564 1.174 2,091 3,283 2,032 1,386 563 3,198 2,110 4,285 F.R. notes, net 164,324 99,,664466 5500,,991155 55,,550099 1100,,000077 1155,,117711 44,,112211 2233,,660099 55,,005577 11,,999966 77,,551100 1100,,446600 20,323 Collateral held against F.R. notes: Gold certificate account 11,095 Special Drawing Rights certif. acct. 4,618 Other eligible assets -0- U.S. govt, and agency securities 148,611 Total collateral 164,324 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