H.4.1 Factors Affecting Reserve Balances of Depository Institutions

•vojte&; FEDERAL RESERVE •?^f^.- Factors Affecting Reserves of Depository Institutions and Condition Statement of F.R. Banks H.4.1. For immediate release October 8, 1982 ... 111 111... 111 111 ,,,111 111 MMM ... III,,, ||| ,,, ,,, ... ,,, MMM [ Averages of daily figures (millions of dollars) RRReeessseeerrrvvveeesss ooofff dddeeepppooosssiiitttooorrryyy iiinnnssstttiiitttuuutttiiiooonnnsss,,, WWeeeekk eennddeedd | Change from week ended Wednesday RRReeessseeerrrvvveee BBBaaannnkkk cccrrreeedddiiittt,,, aaannnddd rrreeelllaaattteeeddd iiittteeemmmsss OOccttoobbeerr 66,, September 29, 1 October 7, October 6, 11QQ8822 1Qfi2 1981 1982 Reserve Bank credit: |1 2 U.S. government securities- Bought outright—system account 131,008 218 + 9,125 129,234 Held under repurchase agreements 1,204 + 694 + 1,204 Federal agency obligations- Bought outright 8,949 + 288 8,949 Held under repurchase agreements 588 + 523 + 588 Acceptances- Bought outright Held under repurchase agreements 472 + 330 + 472 Loans to depository institutions 604 145 541 366 Includes: seasonal borrowing of 104 8 52 85 extended credit of 123 1 290 126 Float 1,706 69 2,376 2,831 Other F.R. assets 9,371 + 21 + 216 9,500 Total Reserve Bank credit 153,902 + 1,136 + 8,976 150,880 Gold stock 11,148 4 11,148 Special Drawing Rights certificate account 4,218 + 900 4,218 Treasury currency outstanding 13,786 + 150 13,786 Total Factors 183,054 + 1,136 + 10,022 180,032 Currency in circulation* 148,344 + 702 + 10,415 149,348 Treasury cash holdings* 425 + 6 31 425 Treasury deposits with F.R. Banks 4,704 + 215 + 1,159 3,756 Foreign deposits with F.R. Banks 246 41 132 229 Other deposits with F.R. Banks 536 + 144 128 490 Required clearing balances 303 + 7 + 241 303 Other F.R. liabilities and capital 4,926 + 44 288 4,688 159,483 + 1,077 + 11,234 159,239 Reserve balances with F.R. Banks3 23,571 + 59 1,211 20,793 Total vault cash 20,044 374 + 652 20,044 (a) Vault cash at institutions with required reserve balances 14,061 110 + 684 14,061 (b) Vault cash equal to required reserves at other institutions 2,706 173 + 530 2,706 (c) Surplus vault cash at other institutions4 3,277 91 562 3,277 Reserve balances + total vault cash3 43,615 315 559 40,837 Reserve balances + total vault cash used to satisfy reserve requirements5 40,338 | 224 + 3 37,560 Required reserves 39,731 548 401 39,731 Excess reserve balances at F.R. Banks^ J 607 + 324 , + 404 - 2,171 On October 6, 1982 marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter r national accounts were $ 98,783 million, an increase of $844 million for the week. 1 Net of $ 3,010 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $2,556 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. 2 Net of $ 4,784 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 1 * 609 million was with foreign official and international accounts. Includes $ 383 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 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. 6 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 October 6, 1982 September 29, 19821 October 7, 1981 ASSETS Gold certificate account 11,148 —— 4 Special Drawing Rights certif. acct. 4,218 .. + 900 Coin * 454 + 8 + 52 Loans 366 - 788 - 1,194 Acceptances- Held under repurchase aggreements .. Federal agency abligations- Bought outright 8,949 _ „. + 288 Held under repurchase agreements 1 .. „_ U.S. government securities: Bought outright—Bills 48,952 -1,071 +10,045 Notes 62,018 _- + 2,589 Bonds 1188,,226644 -- + 293 Total bought outright 2 112299,,223344 -1,071 +12,927 Held under repurchase agreements 1 .. Total U.S. government securities 129.234 -1.071 +12.927 Total loans and securities 138,549 -1,859 +12,021 Cash items in process of collection ( 2,338) 9,796 +1,811 + 134 Bank premises 541 + 2 + 53 Other assets 3 8.959 7 + 219 TOTAL ASSETS (2,338) 173,665 - 45 +13,375 LIABILITIES Federal Reserve notes 136,441 +1,182 +10,413 Deposits: Depository institutions 21,096 +2,362 + 2,438 U.S. Treasury—general account 3,756 -4,564 + 91 Foreign—official accounts 229 - 66 + 15 Other 490 + 105 140 Total deposits 55,571 -f7l6T + 2,404 Deferred availability cash items (2,338 ) 6,965 + 917 + 636 Other liabilities and accrued dividends 4 1,698 + 2 238 TOTAL LIABILITIES <2,338 ) 170,675 - 62 +13,215 CAPITAL ACCOUNTS Capital paid in 1,344 + 4 + 86 Surplus 1,278 — _ + 75 Other capital accounts 368 + 13 1 * 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 $4,784 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $383 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 $34 million in Treasury Bills maturing within 90 days. 4 Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. MATURITY DISTRIBUTION OF LOANS AND SECURITIES October 6, 1982 Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements. U.S. government securities Federal agency obligations LLooaannss AAcccceeppttaanncceess Holdings | Weekly changes Holdings | Weekly changes Within 15 days 330 -- 5,323 +1,112 151 -56 16 days to 90 days 36 — 23,671 - 758 475 -M$ 8 91 days to 1 year — — 35,800 -1,342 1,836 -27 Over 1 year to 5 years .. — 35,891 - 83 5,087 .. Over 5 years to 10 years -- -- 12,267 . „ 882 • - Over 10 years _ — 16,282 -- 518 +15 — Total 366 -- 129,234 -1,071 8,949 — 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 October 6, 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 454 29 23 19 45 52 56 25 28 19 37 36 85 Loans 366 -- — 3 3 6 6 22 21 5 82 193 25 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 48,952 2,262 15,399 1,631 3,231 4,154 1,245 6,947 1,648 617 2,312 3,318 6,188 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 2 129,234 5,971 40,652 4,307 8,529 10,966 3,289 18,341 4,351 1,628 6,105 8,760 16,335 Held under repurchase agreements 1 -0- -- — — — -- — — -- — -- — -- Total U.S. government securities 129.234 5,971 40.652 4.307 8.529 10,966 3,289 18.341 4.351 1.628 6.105 8.760 16.335 Total loans and securities 138,549 6,384 43,467 4,608 9,123 11,731 3,523 19,633 4,673 1,746 6,610 9,560 17,491 Cash items in process of collection 12,134 371 1,134 428 543 2,255 1,839 1,377 562 459 1,188 1,090 888 Bank premises 541 i 97 25 51 27 111 34 18 14 27 24 16 97 Other assets 3 8,959 282 2,748 343 592 531 508 1,211 263 244 398 559 1,280 Interdistrict settlement account -0- + 260 -1-2.536 - 4 - 692 - 158 - 374 - 689 -1.093 - 368 + 600 - 255 + 237 TOTAL ASSETS 176,003 8,213 54,364 6,205 10,658 15,862 6,135 23,741 5,020 2,337 9,652 12,032 21,784 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 $ 4,784 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 383 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 $ 34 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 October 6, 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 136,441 7,037 42,751 5,215 8,575 12,456 3,167 20,098 3,955 1,393 7,436 9,213 15,145 Deposits: Depository institutions 21,096 650 5,445 552 1,326 875 1,417 2,327 466 428 891 1,600 5,119 U.S. Treasury-general account 3,756 ~ 3,756 — — ~ — — — — — Foreign-official accounts 229 5 79 8 15 11 15 28 6 7 9 13 33 Other 490 1 413 — — 29 1 39 1 — 4 1 1 Total deposits 25,571 656 9,693 560 1,341 915 1,433 2,394 473 435 904 1,614 5,153 Deferred availability cash items 9,303 346 877 234 387 2,156 1,252 548 441 378 1,081 860 743 Other liabilities and accrued dividends 1 1,698 94 281 70 138 170 62 292 65 29 97 139 261 TOTAL LIABILITIES 173,013 8,133 53,602 6,079 10,441 15,697 5,914 23,332 4,934 2,235 9,518 11,826 21,302 CAPITAL ACCOUNTS Capital paid in 1,344 34 330 60 99 69 107 183 38 49 60 93 222 Surplus 1,278 33 319 53 96 66 97 180 37 47 57 84 209 Other capital accounts 368 13 113 13 22 30 17 46 11 6_ 17 29 51. TOTAL LIABILITIES AND CAPITAL ACCOUNTS 176,003 8,213 54,364 6,205 10,658 15,862 6,135 23,741 5,020 2,337 9,652 12,032 21,784 FEDERAL RESERVE AGENTS' ACCOUNTS F R. notes outstanding 156,523 8,423 47,300 7,876 9,310 13,647 5,134 21,333 4,956 1,896 8,606 10,749 17,293 Less-Held by F.R. Banks 20,082 1,386 4,549 2,661 735 1,191 1,967 1,235 1,001 503 1,170 1,536 2,148 F.R. notes, net 136,441 7,037 42,751 5,215 8,575 12,456 3,167 20,098 3,955 1,393 7,436 9,213 15,145 Coiteteral 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 si«gibfe assets 121 -_ — — — — — — — — 121 — — U.S. govt, and agency securities 120,954 6,247 38,320 4,455 7,555 11,116 2,618 17,932 3,382 1,183 6,520 8,187 13,439 Total collateral 136,441 7,037 42,751 5,215 8,575 12,456 3,167 20,098 3,955 1,393 7,436 9,213 15,145 1 includes exchange translation account reflecting the monthly revaiuation at market exchange rates of foreign exchange commitments. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis