This is from an add of a 1984 Olds Custom Cruiser, and as the option list didn't include airco, and what I see looks a bit different from what I am used to in Chevy or Fords, I thought I would ask you to confirm.
If you're asking if its an air conditioning compressor, it looks like a smog pump or air pump which is an emissions device.
Thanks guys, I completely forgot that option!! I had the same ugly thing on my Caprice, that of course had rotten bearings. Try to get parts for it. Anyway, I was already doubting because of the airhoses connected to it... No airco then...