H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Reserves of Depository Institutions and «AL RE' Condition Statement of F.R. Banks H.4.1. For immediate release September 10, 1982 [^~___ Averages of daily figures (m illions of doUars) RRReeessseeerrrvvveeesss ooofff dddeeepppooosssiiitttooorrryyy iiinnnssstttiiitttuuutttiiiooonnnsss,,, WWeeeekk eennddeedd Change from week ended Wednesday RRReeessseeerrrvvveee BBBaaannnkkk cccrrreeedddiiittt,,, aaannnddd rrreeelllaaattteeeddd iiittteeemmmsss SSeepptteemmbbeerr 88,, September 1, 1 Sepp tteemmbbeerr 99,, SSeepptteemmbbeerr 88,, IQft? IQft? IIQQffttll ii IIQQfftt?? Reserve Bank credit: 1 2 U.S. government securities- 132,092 729 ' + 8,509 130,683 Bought outright-system account Held under repurchase agreements — 170 — — Federal agency obligations- Bought outright 8,954 1 + 260 8,954 Held under repurchase agreements — 33 -- — Acceptances- Bought outright — — — — Held under repurchase agreements — 81 — — Loans to depository institutions 944 + 437 - 634 482 Includes: seasonal borrowing of 106 + 11 - 111 86 extended credit of 116 — - 120 115 Float 2,024 + 526 - 414 3,170 Other F.R. assets 8,791 282 + 565 9,370 Total Reserve Bank credit 152,804 333 + 8,285 152,659 Gold stock 11,148 — - 6 11,148 Special Drawing Rights certificate account 4,018 + 950 4,018 Treasury currency outstanding 13,786 — + 166 13,786 Total Factors 181,756 333 + 9,395 181,611 Currency in circulation** 149,063 + 1,280 + 10,070 150,054 Treasury cash holdings** 419 + 2 - 31 420 Treasury deposits with F.R. Banks 3,776 -1- 619 + 1,009 4,041 Foreign deposits with F.R. Banks 247 99 - 99 226 Other deposits with F.R. Banks 520 32 + 45 534 Required clearing balances 259 + 12 + 210 259 Other F.R. liabilities and capital 4,630 400 - 190 4,673 158,916 + 1,383 + 11,016 160,207 Reserve balances with F.R. Banks3 22,840 1,716 - 1,621 21,404 Total vault cash 20,004 + 428 + 844 20,004 (a) Vault cash at institutions with required reserve balances 13,695 + 224 + 468 13,695 (b) Vault cash equal to required reserves at other institutions 2,959 + 615 + 889 2,959 (c) Surplus vault cash at other institutions4 '3,350 411 - 513 3,350 Reserve balances + total vault cash3*5 42,845 - 1,288 - 776 41,409 Reserve balances + total vault cash used to satisfy reserve requirements5, 6 39,495 877 - 263 38,059 Required reserves 38*691 - 1,380 - 617 38,691 Excess reserve balances at F.R. Banks5, 7 804 + 503 + 354 632 On September 8, 1982 , marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter national accounts were $ 97,442 million, an increase of $3,457 million for the week. 1 Net of $ 2,045 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 2,045million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. 2 Net of $3,11 i million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $3,111 million was with foreign official and international accounts. Includes $ 366 million securities loaned-fully secured by U.S. Government securities. 3 Exclude required clearing balances. 4 Total vault cash at institutions without required reserve balances, less vault cash equal to their required reserves. 5 Adjusted to include $ 1 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19,1975. 6 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. 7 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 OF ALL FEDERAL RESERVE BANKS Millions of dollars Change since" Wednesday Wednesday Wednesday Sept. 8» 1982 Sept. 1. 1982 Sept, 9, 1981. ASSETS Gold certificate account 11,148 6 Special Drawing Rights certif. acct. 4,018 + 950 Coin 415 14 + 42 Loans 482 874 - 1,234 Acceptances- Held under repurchase aggreements Federal agency abI igations- 8,954 260 Bought outright Held under repurchase agreements I U.S. government securities: 50,401 - 2,200 + 3.229 Bought outright-Bills 62,018 . — + 2.589 Notes 1188,,226644 + 293 Bonds 113300[[668833 - 2,200 • 6,111 Total bought outright 2 Held under repurchase agreements 1 I3&,M3 - 2,200 .+ 6,111 Total U.S. government securities 140,119 - 3,074 + 5,137 Total loans and securities << 22..557700** 10,958 + 797 + 3,171 Cash items in process of collection Bank premises 536 + 1 + 51 8.834 + 540 ^ 1,911 Other assets 3 '' 22..557700** 176.028 - 1,750 + 7,434 TOTAL ASSETS LIABILITIES Federal Reserve notes 137,103 • 1,467 +10,056 Deposits: Depository institutions 21,663 - 4,621 - 2,870 U.S. Treasury-general account 4,041 + 581 • 570 Foreign—official accounts 226 - 118 28 Other 534 • 29 ± 42 Total deposits 26,464 - 4,187 - 2,286 Deferred availability cash items <2.570 * 7,788 + 828 + 163 Other liabilities and accrued dividends 4 1,711 ^ 97 - 622 TOTAL LIABILITIES *2.370 > T7TMS 1,989 • 7,311 CAPITAL ACCOUNTS Capital paid in 1,339 — + Surplus 83 Other capital accounts 1.278 ~ + 75 345 + 239 - 35 * Figures in parentheses are the eliminations Bade 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 wee outstanding at the end of the latest statement week 2 Net of $3,111 million matched sale-purchase traneactlone outstanding at the end of the latest statement week. Includes $366 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 $33 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 8, 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' I Weekly changes Moldings I Weekly changes Within 15 days 438 — 5.370 -1,255 35 _«» 16 days to 90 days 44 ~ 24.449 + 846 503 +96 91 days to 1 year — — 36.341 -1.791 1.804 -96 Over 1 year to 5 years — — 35.974 — 5,227 Over 5 years to 10 years — •• 12.267 _„ 882 .... Over 10 years ffiiii 3333 1166..228822 — 550033 — Total 113366..66**** -2.i66 5577555577 — 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 8, 1982 Millions of dollars Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis K C an it s y a s Dallas Fra S n a c n is co 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 415 25 21 16 32 50 52 23 27 17 36 36 80 Loans 482 7 — 6 -- 10 7 21 19 19 62 312 19 Acceptances held under repurchase agreements -0- -- -- — -- — -- -- -- -- — — — Federal agency obligations: Bought outright 8,954 414 2,816 298 591 760 228 1,271 301 113 423 607 1,132 Held under repurchase agreements 1 -0- — — -- — — -- -- — -- — -- — U.S. government securities: Bought outright—Bills 50,401 2,329 15,854 1,679 3,327 4,277 1,282 7,153 1,697 636 2,380 3,416 6,371 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 R<>1 1,?^fi ?,Wfl Total bought outright 2 130,683 6,038 41,107 4,355 8,625 11,089 3,326 18,547 4,400 1,647 6,173 8,858 16,518 Held under repurchase agreements 1 -0- — -- -- — -- — — -- -- — -- ._ Total U.S. government securities 130,683 6,038 41,107 4,355 8,625 11,089 3,326 18,547 4,400 1,647 6,173 8,858 16,518 Total loans and securities 140,119 6,459 43,923 4,659 9,216 11,859 3,561 19,839 4,720 1,779 6,658 9,777 17,669 Cash items in process of collection 13,528 401 1,483 387 484 2,643 1,755 1,385 687 476 1,274 1,506 1,047 Bank premises 536 97 25 51 27 110 34 18 14 27 23 16 94 Other assets 3 8,834 268 2,568 509 554 493 518 1,205 240 233 414 543 1,289 Snterdistrict settlement account -0- + 479 4- 2.945 - 52 - 815 - 131 - 522 952 -lr269 - 371 + 273 - 390 + 305 TOTAL ASSETS 178,598 8,509 55,338 6,320 10,505 16,346 5,940 23,656 4,985 2,368 9,463 12,500 22,668 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 $ 3,111 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 366 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 $ 33 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 8, 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 137,103 7,111 42,980 5,268 8,734 12,491 3,068 20,074 3,862 1,400 7,363 9,307 15,445 Deposits: Depository institutions 21,663 828 5,728 586 1,062 921 1,385 2,190 429 409 650 1,811 5,664 U.S. Treasury-general account 4,041 4,041 Foreign-official accounts 226 6 65 9 16 11 16 30 6 8 10 14 35 Other I 534 1 445 33 1 51 1 1 1 1 Total deposits 26,464 834 10,279 595 1,078 965 1,402 2,271 443366 441177 666611 11,,882266 5,700 Deferred availability cash items 10,358 384 1,098 265 335 2,546 1,177 598 553300 442277 11,,220066 11,,002222 770 Other liabilities and accrued dividends1 1,711 99 224 71 140 178 86 303 7700 2288 9999 114422 271 TOTAL LIABILITIES 175,636 8,428 54,581 6,199 10,287 16,180 5,733 23,246 44,,889988 22,,227722 99,,332299 1122,,229977 22,186 CAPITAL ACCOUNTS Capital paid in 1,339 34 330 57 99 70 106 183 3388 4499 6600 9911 222 Surplus 1,278 33 319 53 96 66 97 180 3377 4477 5577 8844 209 Other capital accounts 345 14 108 11 23 30 4 47 1122 1177 2288 51 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 178,598 8,509 55,338 6,320 10,505 16,346 5,940 23,656 4,985 2,368 9,463 12,500 22,668 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 155,975 8,508 47,033 7,988 9,398 13,568 4,975 21,276 4,986 1,930 8,451 10,658 17,204 Less-Held by F.R. Banks 18,872 1,397 4,053 2,720 664 1,077 1,907 1,202 1,124 530 1,088 1,351 1,759 F.R. notes, net 137,103 7,111 42,980 5,268 8,734 12,491 3,068 20.074 3,862 1,400 7,363 9,307 15,445 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. j 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 121,937 6,331 38,607 4,518 7,727 11,169 2,526 17,936 3,296 1,193 6,578 8,295 13,761 Total collateral 137,103 7,111 42,980 5,268 8,734 12,491 3,068 20,074 3,862 1,400 7,363 9,307 15,445 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