H.4.1 Factors Affecting Reserve Balances of Depository Institutions

• o^ GOVi FEDERAL RESERVE •%SrtP? Factors Affecting Reserves of Depository Institutions and Condition Statement of F.R Banks ; H.4.1. For immediate release November 12, 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 NNoovveemmbbeerr 1100,, November 3, | November 11. November 10, 1982 1982 1981 i 1982 Reserve Bank credit: 1 2 U.S. government securities- Bought outright—system account 132,215 - 65 + 8,689 133,057 Held under repurchase agreements — — — — Federal agency obligations- Bought outright 8,943 — + 297 8,943 Held under repurchase agreements — — — — Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 720 + 261 - 288- 3,208 Includes: seasonal borrowing of 50 - 27 - 80 49 extended credit of 190 - 6 + 79 190 Float 2,673 + 794 _ 219 2,215 Other F.R. assets 9,924 - 167 - 248 10,115 Total Reserve Bank credit 154,475 + 823 + 8,230 157,538 Gold stock 11,148 — - 4 11,148 Special Drawing Rights certificate account 4,304 + 86 + 986 4,418 Treasury currency outstanding 13,786 — + 129 13,786 Total Factors 183,713 + 909 + 9,341 186,890 Currency in circulation* 150,640 + 1,303 + 10,635 151,692 Treasury cash holdings* 440 - 3 - 9 440 Treasury deposits with F.R. Banks 3,256 + 602 + 204 3,166 Foreign deposits with F.R. Banks 256 - 57 - 13 290 Other deposits with F.R. Banks 463 - 39 - 189 554 Required clearing balances 378 + 23 + 296 378 Other F.R. liabilities and capital 4,818 + 16 - 372 4,624 160,250 + 1,844 + 10,552 161,144 Reserve balances with F.R. Banks3 23,463 - 935 - 1,211 25,746 Total vault cash 20,172 + 10 + 770 20,172 (a) Vault cash at institutions with required reserve balances 13,973 - 183 + 635 13,973 (b) Vault cash equal to required reserves at other institutions 2,879 + 149 + 726 2,879 (c) Surplus vault cash at other institutions4 3,320 + 44 - 591 3,320 Reserve balances + total vault cash3 43,635 ~ 925 - 441 45,918 Reserve balances + total vault cash used to satisfy reserve requirements 40,315 - 969 + 150 42,598 RReeqquuiirreedd rreesseerrvveess ,, 39,965 - 738 + 329 39,965 EExxcceessss rreesseerrvvee bbaallaanncceess aatt FF..RR.. BBaannkkss 350 - 231 - 179 2,633 On November 10, 1982 , marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter national accounts were $ 102,420 million, an increase of $1,026 million for the week. 1 Net of $ 2,593 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $2,058 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. 2 Net of $ 1,849 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $1 »849 million was with foreign official and international accounts. Includes $ 179 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 reserve sis 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 November 10, 1982 November 3. 1982 November 11, 1981 ASSETS Gold certificate account 11,148 — - 4 Special Drawing Rights certif. acct. 4,418 + 200 + 1,100 Coin 453 - 5 + 51 Loans 3,208 + 2,450 + 468 Acceptances- Held under repurchase aggreements — .- -- Federal agency abligat'ons— Bought outright 8,943 — + 297 Held under repurchase agreements 1 — — — U.S. government securities: Bought outright-Bills 52,775 + 952 + 6,591 Notes 62,018 •• + 2,589 Bonds 1188,,226644 -- ++ 293 Total bought outright 2 113333,,005577 ++ 952 ++ 9,473 Held under repurchase agreements 1 — — — Total U.S. government securities 133.057 + 952 + 9,473 Total loans and securities 145,208 + " 3,402 + 10,238 Cash items in process of collection (2,630) 8,668 - 2,872 - 551 Bank premises 545 .. + 55 Other assets 3 9.570 - 221 • 369 TOTAL ASSETS ((22,,663300 )) 180.010 ++ 504 ++ 10,520 LIABILITIES Federal Reserve notes 138,799 + 1,518 + 10,636 Deposits: Depository institutions 26,125 + 40 + 1,851 U.S. Treasury—general account 3,166 + 12 + 446 Foreign—official accounts 290 - 10 + 10 Other (1) 553 + 89 „ 78 Total deposits , w * 30,134 + ' 131 + 2,229 O De th fe e r r r e li d a b a il v it a ie il s a b a i n lit d y a c c a c s r h u e it d e m di s v idends 4 (2,629' 6 1, , 6 4 2 5 5 3 m — 1,15 2 1 3 — 1,7 5 6 3 7 3 TOTAL LIABILITIES (2,630> 177,011 + 475 + 10,565 CAPITAL ACCOUNTS Capital paid in 1,354 + 3 + 86 Surplus 1,278 + 75 Other capital accounts 367 + 26 206 * 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 $1,849 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $179 million securities loaned—fully secured by U.S. government securities. 3 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Ii eludes special investment account at Chicago of $28 million in Treasury Bills maturing within 90 days. 4 Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreien' exchange commitments. 6 MATURITY DISTRIBUTION OF LOANS AND SECURITIES Noyember 10, 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 Loans Acceptances Holdings j Weekly changes Holdings | Weekly changes Within 15 days 3,173 3,362 - 1,876 -0- — a. 16 days to 90 days 35 27,568 + 1,598 590 -- 91 days to 1 year 37,832 + 1,230 1,985 + 36 Over 1 year to 5 years 35,746 — 4,926 - 36 Over 5 years to 10 years 12,267 — 924 .. Over 10 years 16,282 — 518 -- Total i^rar 133,05? + $52 M43 — 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 November 10, 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. 4,418 231 1,277 216 289 390 154 618 162 58 231 296 496 Coin 453 29 21 17 47 51 53 26 28 20 42 35 84 Loans 3,208 36 1,435 7 15 57 36 1,250 1 2 60 184 125 Acceptances held under repurchase agreements -0- — — — -- -_ -- — -- — -- -- Federal agency obligations: Bought outright 8,943 413 2,813 298 590 759 228 1,269 301 113 423 606 1,130 Held under repurchase agreements 1 -0- -- — — — — -- -- -- -- -- -- -- U.S. government securities: Bought outright—Bills 52,775 2,439 16,601 1,758 3,484 4,478 1,343 7,490 1,776 665 2,493 3,577 6,671 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 2 133,057 6,148 41,854 4,434 8,782 11,290 3,387 18,884 4,479 1,676 6,286 9,019 16,818 Held under repurchase agreements 1 -0- — -- -- — — — -- — -- -- -- -- Total U.S. government securities 133,057 6,148 41,854 4,434 8,782 11,290 3,387 18,884 4,479 1,676 6,286 9,019 16,818 Total loans and securities 145,208 6,597 46,102 4,739 9,387 12,106 3,651 21,403 4,781 1,791 6,769 9,809 18,073 Cash items in process of collection 11,298 376 1,168 270 370 2,773 1,585 1,006 487 444 1,062 993 764 Bank premises 545 97 25 51 27 112 34 18 14 27 24 16 100 Other assets 3 9,570 314 2,750 360 652 591 533 1,383 288 279 433 605 1,382 Interdistrict settlement account -0- + 387 + 33 + 87 -1,210 - 426 9 -1,762 - 976 - 43 + 736 - 289 +3,472 TOTAL ASSETS 182,640 8,601 54,588 6,294 10,306 16,564 6,403 24,268 5,202 2,730 9,872 12,208 25,604 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 $ -o- million was outstanding at the end of the latest statement week. 2 Net of $ 1,849 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 179 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 $ 28 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 November 10, 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 138,799 7,380 43,523 5,436 8,736 12,560 - 3,191 20,389 4,129 1,445 7,574 9,258 15,178 Deposits: Depository institutions 26,125 750 6,764 498 966 880 1,707 2,641 504 459 1,067 1,768 8,121 U.S. Treasury—general account 3,166 — 1,896 — — — — — — 336 934 Foreign-official accounts 290 7 103 10 19 13 19 35 7 9 11 16 41 Other 554 — 491 — — 25 1 32 1 — 2 1 1 Total deposits 30,135 757 9,254 508 985 918 1,727 2,708 512 804 1,080 1,785 9,097 Deferred availability cash items 9,082 288 826 153 232 2,750 1,205 475 409 349 987 821 587 Other liabilities and accrued dividends 1 1,625 93 231 67 135 169 57 287 67 29 95 136 259 TOTAL LIABILITIES 179,641 8,518 53,834 6,164 10,088 16,397 6,180 23,859 5,117 2,627 9,736 12,000 25,121 CAPITAL ACCOUNTS Capital paid in 1,354 35 331 60 99 72 108 184 38 49 61 94 223 Surplus 1,278 33 319 53 96 66 97 180 37 47 57 84 209 Other capital accounts 367 15 104 17 23 29 18 45 10 7 18 30 51. TOTAL LIABILITIES AND CAPITAL ACCOUNTS 182,640 8,601 54,588 6,294 10,306 16,564 6,403 24,268 5,202 2,730 9,872 12,208 25,604 FEDERAL RESERVE AGENTS' • ACCOUNTS F.R. notes outstanding 157,707 8,289 47,579 7,733 9,416 13,626 5,280 21,365 5,036 1,945 8,785 11,097 17,556 Less-Held by F.R. Banks 18,908 909 4,056 2,297 680 1,066 2,089 976 907 500 1,211 1,839 2,378 F.R. notes, net 138,799 7,380 43,523 5,436 8,736 12,560 3,191 20,389 4,129 1,445 7,574 9,258 15,178 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. 4,418 231 1,277 216 289 390 154 618 162 58 231 296 496 Other eligible assets 78 18 — — — — — — — — 60 — — U.S. govt, and agency securities 123,155 6,561 39,034 4,666 7,703 11,203 2,635 18,195 3,549 1,233 6,708 8,219 13,449 Total collateral 138,799 7,380 43,523 5,436 8,736 12,560 3,191 20,389 4,129 1,445 7,574 9,258 15,178 • 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