H.4.1 Factors Affecting Reserve Balances of Depository Institutions

\ol£Oy i FEDERAL RESERVE Factors Affecting Reserves of Depository Institutions and Condition Statement of F.R. Banks H.4.1. For immediate release September 24, 1982 Averages of daily figures (millions of dollars) RRReeessseeerrrvvveeesss ooofff dddeeepppooosssiiitttooorrryyy iiinnnssstttiiitttuuutttiiiooonnnsss... WWeeeekk eennddeedd Change from week ended Wednesday RRReeessseeerrrvvveee BBBaaannnkkk cccrrreeedddiiittt,,, aaannnddd rrreeelllaaattteeeddd iiittteeemmmsss SSeepptteemmbbeerr 2222,, September 15, 1S eptember 23, September 22, 1982* IQft? IQftl 1Q8? * Reserve Bank credit: 1 2 U.S. government securities- Bought outright—system account 131,319 + 299 + 7,064 131,205 Held under repurchase agreements 770 + 517 + 770 — Federal agency obligations- Bought outright 8,949 - 1 + 288 8,949 Held under repurchase agreements 160 + 137 + 160 — Acceptances- Bought outright — — — — Held under repurchase agreements 330 + 236 + 330 — Loans to depository institutions 809 - 520 - 639 1,965 Includes: seasonal borrowing of 100 + 11 - 130 106 extended credit of 118 + 2 - 207 120 Float 2,225 - 58 - 1,230 2,062 Other F.R. assets 9,205 + 121 + 694 9,450 Total Reserve Bank credit 153,767 + 733 + 7,437 153,631 Gold stock 11,148 — - 6 11,148 Special Drawing Rights certificate account 4,218 + 200 + 1,150 4,218 Treasury currency outstanding 13,786 — + 159 13,786 Total Factors 182,919 + 933 + 8,740 182,783 Currency in circulation** 148,406 - 1,058 + 10,174 148,152 Treasury cash holdings** 420 — - 35 420 Treasury deposits with F.R. Banks 3,611 + 143 + 259 3,648 Foreign deposits with F.R. Banks 248 + 6 + 8 235 Other deposits with F.R. Banks 547 - 35 + 11 410 Required clearing balances 279 + 11 + 222 279 Other F.R. liabilities and capital 4,904 - 48 + 80 4,773 158,415 - 982 + 10,719 157,917 Reserve balances with F.R. Banks3 24,504 + 1,915 _ 1,979 24,866 Total vault cash 18,745 - 1,772 + 1,146 18,745 (a) Vault cash at institutions with required reserve balances 13,298 - 481 + 1,026 13,298 (b) Vault cash equal to required reserves at other institutions 2,404 - 768 + 488 2,404 (c) Surplus vault cash at other institutions4 3,043 - 523 - 368 3,043 Reserve balances + total vault cash3'5 43,249 + 142 - 833 43,611 RReesseerrvvee bbaallaanncceess ++ ttoottaall vvaauulltt ccaasshh uusseedd ttoo ssaattiissffyy rreesseerrvvee rreeqquuiirreemmeennttss 55ff 40,206 + 665 - 465 40,568 RReeqquuiirreedd rreesseerrvveess 40,002 + 769 - 392 40,002 EExxcceessss rreesseerrvvee bbaallaanncceess aatt FF..RR.. BBaannkkss55 »»'' 204 - 104 - 73 566 On September 22, 1982, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter national accounts were $ 96,486 million, a decrease of $ 2,905 million for the week. 1 Net of $2,275 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 2,275million was with foreign official and international accounts. Includes securities loaned-fuily secured by U.S. Government securities. 2 Net of $ 2,389 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $2,398 million was with foreign official and international accounts. Includes $ 768 million securities loanej -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 $ -0- 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 (Chicago District). ** 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 September 22, 1982 Sept. 15. 1982 Sept. 23. 1981 ASSETS Gold certificate account 11,148 6 Special Drawing Rights certif. acct. 4,218 + 200 +1,150 Coin 438 + 18 + 48 Leans 1,965 -1,833 - 544 Ac ^ptances— __ __ held under repurchase aggreements Federal agency abligations— Bought outright 8,949 — + 288 Held ider repurchase agreements 1 _ — U.S. gov, nment securities: Bought outright-Bills 50,923 +1,560 +3,583 Notes 62,018 — +2,589 Bonds 1188,,226644 — + 293 Total bought outright 2 113311,,220055 +1,560 +6,465 Held under repurchase agreements 1 «__ Total U.S. government securities 131,205 +1,560 +6,465 Total loans and securities 142,119 - 273 +6,209 Cash items in process of collection <2,675 > 9,033 -1,638 - 858 Bank premises 538 + 2 + 51 Other assets 3 8,912 + 290 + 575 TOTAL ASSETS <2,675 ' 176,406 -1,401 +7,169 LIABILITIES Federal Reserve notes 135,224 -1,166 +9,932 Deposits: Depository institutions 25,145 + 243 -3,116 U.S. Treasury—general account 3,648 + 83 1 Foreign—official accounts 235 - 70 + 20 Other 410 - 163 - 33 Total deposits 29,438 + 93 -3,130 Deferred availability cash items (2,675 ) 6,971 - 385 + 340 Other liabilities and accrued dividends 4 1,756 + 7 - 176 TOTAL LIABILITIES <2,675 ) 173,389 -1,451 +6,966 CAPITAL ACCOUNTS Capital paid in 1,341 + 1 + 84 Surplus 1,278 + 75 Other capital accounts 398 + 49 + 44 * Figures in parentheses are the eliminations made in the consolidating process ** Estimated (Chicago District). 1 for^n'nff^? U*^• .S^'emment 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 $2 389 million matched sale-purchase transactions outstanding at the end of the latest statement week Includes $768 million securities loaned—fully secured bv U.S. government securities statement week 3 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes spec investment account at Chicago of $27 million in Treasury Bills maturing within 90 days Eludes spec. ™fv".!! ^"ge-transUtion account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, SEPTEMBER 22, 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 obligation*; Loans Acceptances Holdings | Weekly changes | Holdings | Weekly changes Within 15 days 1,835 5,508 - 26 131 +130 16 days to 90 days 130 23,877 +1,687 438 -130 91 days to 1 year 37,297 - 101 1,838 Over 1 year to 5 years 35,974 5,157 Over 5 years to 10 years 12,267 882 Over 10 years 16,282 - 122 Total 1,965 131,205 +1,560 87949 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 22, 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. 4,218 220 1,219 206 276 373 147 590 155 56 220 283 473 Coin 438 28 22 18 43 52 54 24 28 18 36 36 79 Loans 1,965 117 891 22 -- 173 30 102 24 116 90 323 77 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 50,923 2,353 16,019 1,697 3 ,361 4,321 1,295 7,227 1,714 642 2,405 3,452 6,437 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 2 131,205 6,062 41,272 4,373 8 ,659 11,133 3,339 18,621 4,417 1,653 6,198 8,894 16,584 Held under repurchase agreements 1 -0- -- -- -- -- -- -- — -- -- -- -- -- Total U.S. government securities 131,205 6,062 41,272 4,373 8 ,659 11,133 3,339 18,621 4,417 1,653 6,198 8,894 16,584 Total loans and securities 142,119 6,592 44,978 4,693 9 ,250 12,065 3,597 19,993 4,742 1,882 6,711 9,824 17,792 Cash items in process of collection 11,708 338 1,078 437 464 2,347 1,429 1,300 632 424 1,140 1,022 1,097 Bank premises 538 97 25 51 27 111 34 18 14 27 24 16 94 Other assets 3 8,912 277 2,741 318 579 526 502 1,199 272 237 383 544 1,334 Interdistrict settlement account =Xb_ + 172 + 729 2 - 879 231 - 519 - 814 -1,146 - 321 4- 844 4- 188 + lt979 TOTAL ASSETS 1 179,081 8,294 54,004 6,275 10 ,504 16,210 5,646 23,886 5,115 2,477 9,933 12,656 24,081 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 $ 2,389 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ y(,Q 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 $ 27 million in Treasury Bills maturing within 90 days. * Estimated (Chicago District). 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 22, 1982 Millions of dollars Kansas 1 San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago * St. Louis Minneapolis City Dallas 1 Francisco LIABILITIES Federal Reserve notes 135,224 7.026 42,767 5,102 8,621 12,328 2,693 20,011 3,806 11,,338899 777,,,333000555 999,,,111777555 15,001 Deposits: Depository institutions 25,145 789 5,333 715 1,191 1,157 1,614 2,353 612 554411 111,,,222888555 222,,,111999999 7,356 U.S. Treasury—general account 3,648 3,648 Foreign-official accounts 235 5 98 7 14 9 14 26 5 77 888 111222 30 Other 410 1 335 2 31 2 33 1 11 222 111 1 Total deposits 2299,,443388 795 9,414 772244 11,,220055 11,,119977 11,,663300 22..441122 618 554499 111,,,222999555 222,,,222111222 7,387 Deferred availability cash items 99,,664466 293 831 225533 330055 22,,333388 11,,004400 669988 532 440099 111,,,000999888 999111777 932 Other liabilities and accrued dividends 1 11,,775566 99 235 7733 115566 118822 6644 331199 70 2299 111000222 111444666 281 TTOOTTAALL LLIIAABBIILLIITTIIEESS 117766,,006644 8,213 53,247 66,,115522 1100,,228877 1166"",, 004455 55,,44~~2277 2233,,444400 5,026 2,376 999,,,888000000 111222,,,444555000 23,601 CCAAPPIITTAALL AACCCCOOUUNNTTSS CCaappiittaall ppaaiidd iinn 11,,334411 34 330 5577 9999 7700 110066 118833 38 49 666000 999333 222 SSuurrpplluuss 11,,227788 33 319 5533 9966 6666 9977 118800 37 47 555777 888444 209 OOtthheerr ccaappiittaall aaccccoouunnttss 339988 14 108 1133 2222 2299 1166 8833 14 5 111666 222999 49 TTOOTTAALL LLIIAABBIILLIITTIIEESS AANNDD CCAAPPIITTAALL AACCCCOOUUNNTTSS 179,081 8,294 54,004 6,275 10,504 16,210 5,646 23,886 5,115 2,477 9,933 12,656 24,081 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 156,519 8,524 47,605 7,946 9,413 13,637 4,903 21,367 4,955 1,910 8,385 10,723 17,151 Less-Held by F.R. Banks 21,295 1,498 4,838 2,844 792 1,309 2,210 1,356 1,149 521 1,080 1,548 2,150 F.R. notes, net 135,224 7.02.6 42,767 5,102 8.621 12,328 2,693 20,011 3,806 1,389 7,305 9,175 15,001 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. 4,218 220 1,219 206 276 373 147 590 155 56 220 283 473 Other eligible assets - 0 - U.S. govt, and agency securities 119.858 6,236 38,336 4,342 7,601 10,988 2,144 17,845 3,233 1,179 6,510 8,149 13,295 Total collateral 135.224 7,026 42,767 5,102 8,621 12.328 2,693 20.011 3,806 1,389 7,305 9,175 15,001 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. *Estimated (Chicago District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis