H.4.1 Factors Affecting Reserve Balances of Depository Institutions

••<Lo9SJ§S& FEDERAL RESERVE Factors Affecting Reserves of Depository Institutions and Condition Statement of F.R. Banks H.4.1. For immediate release September 3, 1982 Averages of daily figui es (millions of dollars) RRReeessseeerrrvvveeesss ooofff dddeeepppooosssiiitttooorrryyy iiinnnssstttiiitttuuutttiiiooonnnsss,,, WWeeeekk eennddeedd Change from week ended Wednesday RRReeessseeerrrvvveee BBBaaannnkkk cccrrreeedddiiittt,,, aaannnddd rrreeelllaaattteeeddd iiittteeemmmsss SSeeppttee 11 mm 9988 bb 22 ee rr 11,, AUf3IJ i3> Sept 1 e 9 m 81 b er 2, L _ Septe 1 m 98 b 2 e r 1, Reserve Bank credit: 1 [2 U.S. government securities- Bought outright—system account 132,821 461 + 7,914 132,883 Held under repurchase agreements 170 + 170 + 170 — Federal agency obligations- Bought outright 8,955 — + 261 8,954 Held under repurchase agreements 33 + 33 + 33 — Acceptances- Bought outright — — — — Held under repurchase agreements 81 + 81 + 81 — Loans to depository institutions 507 102 - 941 1,356 Includes: seasonal borrowing of 95 + 1 - 151 105 extended credit of 116 2 - 74 115 Float 1,584 282 - 1,232 3,201 Other F.R. assets 9,073 27 + 284 8,829 Total Reserve Bank credit 153,223 589 + 6,569 155,223 Gold stock 11,148 — - 6 11,148 Special Drawing Rights certificate account 4,018 — + 950 4,018 Treasury currency outstanding 13,786 — + 85 13,786 Total Factors 182,175 589 + 7,598 184,175 Currency in circulation* 147,782 316 + 9,717 148,573 Treasury cash holdings* 418 + 2 - 29 420 Treasury deposits with F.R. Banks 3,157 + 285 - 262 3,460 Foreign deposits with F.R. Banks 346 + 51 + 51 344 Other deposits with F.R. Banks 552 24 - 27 563 Required clearing balances 247 4- 10 + 205 247 Other F.R. liabilities and capital 5,030 180 + 239 4,531 157,533 172 +~ 9,895 158,138 - Reserve balances with F.R. Banks3 24,642 417 2,298 26,037 Total vault cash 19,576 + 742 + 886 19,576 (a) Vault cash at institutions with required reserve balances 13,471 + 582 + 703 13,471 (b) Vault cash equal to required reserves at other institutions 2,344 18 + 860 2,344 (c) Surplus vault cash at other institutions4 3,761 + 178 j - 677 3,761 Reserve balances + total vault cash3'5 44,219 + 325 - 1,411 45,614 Reserve balances + total vault cash used to satisfy reserve requirements5' 6 40,458 + 147 - 734 41,853 Required reserves 40,071 + 29 - 762 40,071 Excess reserve balances at F.R. Banks5 ,7 387 + 118 + 28 1,782 On September 1, 1982 marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter t national accounts were $ 9 3»9 85 million, a decrease of $ 512 million for the week. 1 Net of $ 1,836 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 1,836 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. Net of $1,708 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 1,708 million was with foreign official and international accounts. Includes $ 527 million securities loaned—fully secured by U.S. Government securities. Exclude required clearing balances. / Total vault cash at institutions without required reserve balances less vault cash equal to their required reserves. Adjusted to include $ 1 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19,1975. Reserve balances with Federal Reserve Banks (which exclude required clearing balances) plus vault cash at institutions with required reserve balances plus vault cash equal to required reserves at other institutions. Reserve balances with Federal Reserve Banks (which exclude required clearing balances) plus vault cash used to satisfy reserve requirements less required reserves. (This measure of excess reserves is comparable to the old excess reserve concept published historically.) * 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 QF ALL FEDERAL RESERVE BANKS Millions of dollars Change since ** WWeeddnneessddaayy Wednesday WWeeddnneessddaayy September 1, 1982 August 28, 1982 SSeepptteemmbbeerr 22,, 11998811 ASSETS Gold certificate account 11,148 — (5 Special Drawing Rights certif. acct. 4,018 — + 9f0 Coin 429 + 3 + 48 Loans 1,356 - 281 - 929 Acceptances- Held under repurchase aggreements — — ...» Federal agency abligations- Bought outright 8,954 1 + 260 Held under repurchase agreements 1 — — ... U.S. government securities: Bought outright-Bills 52,601 -1,855 +5,084 Notes 62,018 — +2,589 Bonds 1188,,226644 — + 2S»3 Total bought outright 2 113322,,888833 -1,855 +7,986 Held under repurchase agreements 1 — — .... Total U.S. government securities 132,883 -1,855 +7,966 Total loans and securities 143,193 -2,137 +7,297 Cash items in process of collection (2,493) 10,161 +2,115 + 870 Bank premises 535 + 1 + III Other assets 3 8,294 - 375 + 288 TOTAL ASSETS (2,493 ) 177,778 - 393 +9,498 LIABILITIES Federal Reserve notes 135,636 + 448 +9,810 Deposits: Depository Institutions 26,284 -1,310 - 933 U.S. Treasury-general account 3,460 - 81 - 318 Foreign—official accounts 344 + 25 + .">8 Other ( 6) 563 - 34 + 22 Total deposits ,< 6> v 30,651 -1,400 -1,171 Deferred availability cash items (2,487 ' 6,960 +1,070 + 916 Other liabilities and accrued dividends 4 1,808 - 257 + 9 TOTAL LIABILITIES ,<2,493 > 175,055 - 139 +9,564 CAPITAL ACCOUNTS Capital paid in 1,339 + 2 + 83 Surplus 1,278 — + 75 Other capital accounts 106 - 256 - 2:>4 * 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 tranisactions to foreign official and international accounts of which $765 million was outstanding at the end of the latest statement week 2 Net of $1,708 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $527 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 $31 million in Treasury Bills maturing within 90 days. 4 Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. MATURITY DISTRIBUTION OF LOANS AND SECURITIES , SEPTEMBER 1, 1982 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 | Week ly changes Within 15 days 1,294 — 6,625 -1,691 35 - 46 16 days to 90 days 62 — 23,603 - 229 407 - 3 91 days to 1 year — — 38,132 + 138 1,900 + 39 Over 1 year to 5 years — — 35,974 - 73 5,227 - 1 Over 5 years to 10 years — — 12,267 — 882 + 10 Over 10 years — 5555 1166,,228822 — 550033 — Total 1,356 113322,,888833 -1,855 88,,995544 - 1 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 September 1, 1982 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco ASSETS Gold certificate account 11,148 570 3,212 554 744 967 402 1,576 418 154 575 743 1,233 Special Drawing Rights certif. acct. 4,018 210 1,161 196 263 355 140 562 148 53 210 269 451 Coin 429 25 24 16 39 52 52 23 27 18 36 36 81 Loans 1,356 69 821 47 16 24 24 62 18 17 111 122 25 Acceptances held under repurchase agreements -0- -- -- -- — -- .- -- -_ __ _. __ __ Federal agency obligations: Bought oufight 8,954 414 2,816 298 591 760 228 1,271 301 113 423 607 1,132 Held under repurchase agreements 1 -o- -- -- — -- -- -- -- -- -- -- -- U.S. government securities: Bought outright—Bills 52,601 2,431 16,546 1,753 3,472 4,463 1,338 7,465 1,771 663 2,485 3,565 6,649 Certificates: Special Other Notes 62,018 2,865 19,508 2,067 4,093 5,262 1,579 8,802 2,088 781 2,930 4,204 7,839 Bonds 18,264 844 5,745 609 1,205 1,550 465 2,592 615 230 863 1,238 2,308 Total bought outright 2 132,883 6,140 41,799 4,429 8,770 11,275 3,382 18,859 4,474 1,674 6,278 9,007 16/796 HHeelldd uunnddeerr rreeppuurrcchhaassee aaggrreeeemmeennttss 11 -0- -*• ~~ ~~ ~~ -- -- -- -- -- -- -- -- TToottaall UU..SS.. ggoovveerrnnmmeenntt sseeccuurriittiieess 132,883 6,140 41,799 4,429 8,770 11,275 3,382 18,859 4,474 1,674 6,278 9,007 16,79* Total loans and securities 143,193 6,623 45,436 4,774 9,377 12,059 3,634 20,192 4,793 1,804 6,812 9,736 17,953 Cash items in process of collection 12,654 309 1,731 306 382 2,761 1,433 1,324 727 420 1,331 1,069 861 Bank premises 535 1 97 25 51 27 110 34 18 14 27 23 15 94 Other assets 3 1 8,294 256 2,502 332 542 480 491 1,103 233 229 360 506 1,260 Interdistrict settlement account -o- - 47 -1- 1,057 + 6 - 622 - 382 - 423 - 1.195 -1.274 - 145 + 528 + 181 4-2.316 TOTAL ASSETS 180,271 ! 8,043 55,148 6,235 10,752 16,402 5,763 23,603 5,086 2,560 9,8/5 12,555 24,249 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 $ 765 million was outstanding at the end of the latest statement week. 2 Net of $ 1,708 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 527 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 $ 31 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 September 1, 1982 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 135,636 7,063 42,762 5,247 8,668 12,347 2,950 19,775 3,766 1,381 7,288 9,234 15,155 Deposits: Depository institutions 26,284 520 6,382 598 1,457 1,048 1,477 2,519 666 658 1,140 2,122 7,697 U.S. Treasury-general account 3,460 — 3,460 Foreign—official accounts 344 7 157 10 19 13 19 35 7 9 11 16 41 Other 569 1 483 — 2 25 3 40 11 — 2 1 1 Total deposits 30,657 528 10,482 608 1,478 1,086 1,499 2,594 684 667 1,153 2,139 7,739 Deferred availability cash items 9,447 276 949 195 263 2,634 1,016 549 485 390 1,207 850 633 Other liabilities and accrued dividends1 1,808 100 259 73 145 182 98 314 73 30 105 147 282 TOTAL LIABILITIES i 177,548 7,967 54,452 6,123 10,554 16,249 5,563 23,232 5,008 2,468 9,753 12,370 23,809 CAPITAL ACCOUNTS Capital paid in 1,339 34 330 57 99 70 106 183 38 49 60 91 222 Surplus 1,278 33 319 53 96 66 97 180 37 47 57 84 209 Other capital accounts 106 9 47 2 3 17 - 3 8 3 - 4 5 10 9 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 180,271 8,043 55,148 6,235 10,752 16,402 5,763 23,603 5,086 2,560 9,875 12,555 24,249 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 155,840 8,501 46,893 7,984 9,402 13,550 5,033 21,271 4,996 1,935 8,418 10,624 17,233 Less—Heid by r.R. Banks on on/. t no 2 737 734 1,203 2,083 1.996 !;230 554 1.13U 1.390 2,078 F.R. notes, net 135,636 7,063 42,762 172^7 8,668 12,347 2,950 19\775 3,766 1,381 7,288 9,234 15,155 Collateral held against F.R. notes: Gold certificate account 11,148 570 3,212 554 744 967 402 1*576 418 154 575 743 1,233 Special Drawing Rights certif. acct. 4,018 210 1,161 196 263 355 140 562 148 53 210 269 451 Other eligible assets - 0 - — — — — — — — — — — — — U.S. govt, and agency securities 120,470 6,283 38,389 4,497 7,661 11,025 2,408 17,637 3,200 1,174 6,503 8,222 13,471 Total collateral 1 135,636 7,063 42,762 5,247 8,668 12,347 2,950 19,775 3,766 1,381 7,288 9,234 15,155 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