H.4.1 Factors Affecting Reserve Balances of Depository Institutions

;o*Gov^ FEDERAL RESERVE Factors Affecting Reserves of Depository Institutions and Condition Statement of F.R. Banks H.4.1. For immediate release September 17. 1982 r~ Averages of daily figu res (millions of dollars) RRReeessseeerrrvvveeesss ooofff dddeeepppooosssiiitttooorrryyy iiinnnssstttiiitttuuutttiiiooonnnsss... WWeeeekk eennddeedd | Change from week ended Wednesday RRReeessseeerrrvvveee BBBaaannnkkk cccrrreeedddiiittt,,, aaannnddd rrreeelllaaattteeeddd iiittteeemmmsss SSeepptteemmbbeerr 1155 J September 8, 1 September 16, September 15, 1982 198? 1981 . 198? Reserve Bank credit: 12 U.S. government securities- Bought outright—system account 131,020 - 1,072 + 7,768 129,645 Held under repurchase agreements 253 1 + 253 + 253 — Federal agency obligations- Bought outright 8,950 - 4 + 289 8,949 Held under repurchase agreements 23 + 23 + 23 — Acceptances- Bought outright — — ' — Held under repurchase agreements 94 + 94 + 94 — Loans to depository institutions 1,329 + 385 - 7 3,798 Includes: seasonal borrowing of 89 - 17 - 116 89 extended credit of 116 — - 171 114 Float 2,397 + 458 - 1,532 3,315 Other F.R. assets 9,084 +_ 293 + 730 9,158 Total Reserve Bank credit 153,148 + "" 429 + 7,618 154,865 Gold stock 1 11,148 — - 6 11,148 Special Drawing Rights certificate account 4,018 — + 950 4,018 Treasury currency outstanding 13,786 — +_ 159 13,786 Total Factors 182,100 _ 429 + 8,721 183,817 Currency in circulation* 149,464 + 401 + 10,093 149,336 Treasury cash holdings* 420 + 1 - 33 420 Treasury deposits with F.R. Banks 3,468 - 308 + 471 3,565 Foreign deposits with F.R. Banks 242 - 5 - 28 305 Other deposits with F R. Banks 582 + 62 - 8 573 Required clearing balances 268 + 9 + 215 268 Other F.R. liabilities and capital 4,952 + 322 + 137 4,716 359,397 + 481 + 10,849 159,183 Reserve balances with F.R. Banks3 22,703 - 52 - 2,128 24,634 Total vault cash 20,517 + 513 + 1,133 20,517 (a) Vault cash at institutions with required reserve balances 13,779 + 84 + 561 13,779 (b) Vault cash equal to required reserves at other institutions 3,172 + 213 + 1,004 3,172 (c) Surplus vault cash at other institutions4 3,566 + 216 - 432 3,566 Reserve balances + total vault cash3'** 43,221 + 461 - 994 45,152 Reserve balances + total vault cash used to satisfy reserve requirements5, 6 39,655 + 245 - 562 41,586 Required reserves 39,233 + 542 - 573 39,233 Excess reserve balances at F.R. Banks5, 7 422 - 297 1 + 11 1 2,353 On September 15, 1982marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter national accounts were $99,391 million, an increase of $1,949 million for the week. 1 Net of $ 2,574 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 2,289million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. 2 Net of $ 3,949 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 1,955 million was with foreign official and international accounts. Includes $ 387 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 ** WWeeddnneessddaayy Wednesday Wednesday Sept. 15. 1982 Sept. 8. 1982 Sopf. 16. 1981 ASSETS Gold certificate account 11,148 — 6 Special Drawing Rights certif. acct. '4,018 — + 950 Coin 420 + 5 + 42 Loans 3,798 +3,316 +2,182 Acceptances- Held under repurchase aggreements _ Federal agency abligations- Bought outright 8,949 5 + 288 Held under repurchase agreements 1 — U.S. government securities: Bought outright-Bills 49,363 -1,038 +3,658 Notes 62,018 +2,589 Bonds 18,264 — + 293 Total bought outright 2 129,645 -1,038 +6,540 Held under repurchase agreements 1 — Total U.S. government securities 129,645 -1,038 +6,540 Total loans and securities 142,392 +2,273 +9,010 Cash items in process of collection (2,623 ) 10,671 - 287 -1,244 Bank premises 536 + 51 Other assets 3 8,622 - 212 + 535 TOTAL ASSETS (2,623 > 177,807 +1,729 +9^338 LIABILITIES Federal Reserve notes 136,390 - 713 +9,948 Deposits: Depository institutions 24,902 +3 239 --- 666000000 U.S. Treasury—general account 3,565 -- 447766 --- 333666000 Foreign—official accounts 305 ++ 7799 +++ 999444 Other (2) 573 ++ 3399 --- 111222333 Total deposits (2) 29,345 ++22,,888811 ---———SSSOOOTTT Deferred availability cash items (2,621) 7,356 - 432 ++ 330033 Other liabilities and accrued dividends 4 1,749 + 38 -- 110033 TOTAL LIABILITIES (2,623 > 174,840 +1,774 +9,159 CAPITAL ACCOUNTS Capital paid in 1,340 + 1 + 82 Surplus 1,278 + 75 Other capital accounts 349 + 4 + 22 * 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 $3,949 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $387 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 15, 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 | Weekly changes Within 15 days 3,761 — 5,534 + 164 1 - 34 16 days to 90 days 37 — 22,190 -2,259 568 + 65 91 days to 1 year — — 37,398 +1,057 1,838 + 34 Over 1 year to 5 years — — 35,974 — 5,157 - 70 Over 5 years to 10 years — — 12,267 — 882 Over 10 years — ^^55 1166,,228822 — 550033 — Total 3,798 112299,,664455 -1,038 88,,994499 - 5 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 15, 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 1% 263 355 140 562 148 53 210 269 451 Coin 420 26 21 17 33 52 52 23 28 17 36 36 79 Loans 3,798 5 1,963 6 168 24 139 66 84 15 73 263 992 Acceptances held under repurchase agreements -0- -- _- .. ._ .. __ _. Federal agency obligations: Bought outright 8,949 413 2,815 298 591 759 228 1,270 301 113 423 607 1,131 Held under repurchase agreements 1 -0- -- -- -- -- -- -- -- -- -- _- U.S. government securities: Bought outright—Bills 49,363 2,281 15,528 1,645 3,258 4,189 1,256 7,005 1,662 622 2,331 3,346 6,240 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 2 129,645 5,990 40,781 4,321 8,556 11,001 3,300 18,399 4,365 1,633 6,124 8,788 16,387 Held under repurchase agreements 1 -0- -- -- -- -- -- -- -- -- -- ._ -- -- Total U.S. government securities 129,645 5,990 40,781 4,321 8,556 11,001 3,300 18,399 4,365 1,633 6,124 8,788 16,387 Total loans and securities 142,392 6,408 45,559 4,625 9,315 11,784 3,667 19,735 4,750 1,761 6,620 9,658 18,510 Cash items in process of collection 13,294 600 1,665 464 597 2,452 1,751 1,300 664 469 1,282 1,131 919 Bank premises 536 97 25 51 27 110 34 18 14 27 23 16 94 Other assets 3 8,622 266 2,623 349 564 504 494 1,186 247 243 374 526 1,246 Interdistrict settlement account -0- + 196 + 4,558 - 240 - 1,296 - 267 - 906 860 -1,179 - 112 + 710 + 54 - 658 TOTAL ASSETS 180,430 8,373 58,824 6,016 10,247 15,957 5,634 23,540 5,090 2,612 9,830 12,433 21,874 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 $ 3,949 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 387 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 15, 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 ci n s co LIABILITIES Federal Reserve notes 136,39C 7,095 42,864 5,201 8,711 12,399 2,889 20,060 3,830 1,401 7,341 9,288 15,311 Deposits: Depository institutions 24,902 716 9,739 297 828 822 1,293 2,113 550 648 1,093 1,834 4,969 U.S. Treasury—general account 3,565 3,565 -- -- -- — — -- « -- — -- Foreign-official accounts 305 5 155 8 15 11 15 28 6 7 9 13 33 Other 575 1 489 -- 1 32 2 44 1 -- 2 1 2 Total deposits 29,347 722 13,948 305 844 865 1,310 2,185 557 655 1,104 1,848 5,004 Deferred availability cash items 9,977 374 1,020 312 329 2,345 1,159 574 543 427 1,149 946 799 Other liabilities and accrued dividends 1 lt749 101 237 74 146 183 62 313 74 30 103 147 279 TOTAL LIABILITIES 177,463 8,292 58,069 5,892 10,030 15,792 5,420 23,132 5,004 2,513 9,697 12,229 21,393 CAPITAL ACCOUNTS Capital paid in 1,340 34 330 57 99 70 106 183 38 49 60 92 222 Surplus 1,278 33 319 53 96 66 97 180 37 47 57 84 209 Other capital accounts 349 14 106 14 22 29 11 45 11 3_ 16 28 50 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 180.43C 8,373 58,824 6,016 10,247 15,957 5.634 23.540 5,090 2,612 9,830 12,433 21,874 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 156,342 8,544 47,350 7,985 9,392 13,613 4,977 21,302 4,952 1,918 8,435 10,658 17,216 Less-Held by F.R. Banks 19,952 1,449 4,486 2,784 681 1,214 2,088 1,242 1,122 517 1,094 1,370 1,905 F.R. notes, net 136,390 7,095 527857T 5\201 8,711 II7595 2,869 26,0*0 3,830 1,461 },ttl 5~W 15,ill 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 17 -- -- -- -- -- -- -- -- 17 -- -- U.S. govt, and agency securities 121,207 6,315 38,491 4,451 7,704 11,077 2,347 17,922 3,264 1,194 6,539 8,276 13,627 Total collateral 136,39C 7,095 42,864 5,201 8,711 12,399 2,889 20,060 3,830 1,401 7,341 9,288 15,3il 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