H.4.1 Factors Affecting Reserve Balances of Depository Institutions

of c-oIvK, : FEDERAL RESERVE Factors Affecting Reserves of Depository Institutions and Condition Statement of F.R. Banks For Release at 4:15 p.m. EST H.4.1. November 26, 1982 Averages of daily figur es (millions of dollars) RReesseerrvveess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss,, WWeeeekk eennddeedd Change from week ended Wednesday RRpp^^pprrvvpp RRaannkk rrrrppffffiitt aanndd rrppllaattpprrll iiffppmm^^ NNoovveemmbbeerr 2244,, 1 * voci v w i^a i irv Vrf i wu IK r CIIIV4 i wc cztwvj iivi 119 Tlovember 17, November 25, November 24, 1982 1 982 _^ 1981 1982 _ Reserve Bank credit: 1 ~~ ' 2 U.S. government securities- Bought outright—system account 135,261 + 635 + 9,978 134,630 Held under repurchase agreements 834 + 581 279 Federal agency obligations- Bought outright 8,943 — + 86 8,943 Held under repurchase agreements 106 + 48 85 Acceptances- Bought outright . __ —«. Held under repurchase agreements 129 + 55 - 263 • _«. Loans to depository institutions 467 _ 275 + 130 804 includes: seasonal borrowing of 46 - 2 23 44 extended credit of 186 ~ 2 + 63 187 Float 2,264 - 462 - 1,265 3,031 Other F.R. assets 8,794 - 567 - 859 8,884 Total Reserve Bank credit 156,798 +~ 15 + 7,443 156,292 Gold stock 11,148 — 4 11,148 Special Drawing Rights certificate account 4,418 — + 1,100 4,418 Treasury currency outstanding 1133,,778866 — ++ 111188 13,786 Total Factors 118866,,115500 T~ 15 ++ 88SS665566 185,644 Currency in circulation* 151,509 - 26 +10,554 152,212 Treasury cash holdings* 454- + 2 + 1 455 Treasury deposits with F.R. Banks 2,871 - 237 + 30 3,394 Foreign deposits with F.R. Banks 277 + 18 33 261 Other deposits with F.R. Banks 593 - 3 + 2 595 Required clearing balances 405 + 13 + 313 405 Other F.R. liabilities and capital 4,764 - 22 - 819 4,575 160,873 T~ 254 +10,048 161,897 Reserve balances with F.R. Banks3 25,277 + 269 ~ 1,392 23,747 Total vault cash 18,687 - 1,211 + 757 18,687 (a) Vault cash at institutions with required reserve balances 13,543 - 186 + 1,107 13,543 (b) Vault cash equal to required reserves at other institutions 2,289 - 525 + 309 2,289 (c) Surplus vault cash at other institutions4 2,855 - 500 - 659 2,855 Reserve balances + total vault cash3 43,964 - 942 635 42,434 Reserve balances + total vault cash used to satisfy reserve requirements5 41,109 , 442 + 24 39,579 RReeqquuiirreedd rreesseerrvveess 40,858 - 272 + 95 40,858 EExxcceessss rreesseerrvvee bbaallaanncceess aatt FF..RR.. BBaannkkss 251 - — 1 Z G_ _- , Z L_ _._=LJ^2&__ On November 24, 1982, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter national accounts were $ 103,541 million, an ircrease of $169 million for the week, 1 Net of $ 2,228 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which <* m\ t., $2,228 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government stcu- Jtif.s. 2 Net of $ 2,910 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net ot $ 2 ,Q > 0 million was with foreign official and international accounts. Includes $133 miliion securities foaned-fully secured by U.S. Governor : securities. 3 Exclude required clearing balances. 4 Total vault cash at institutions without required reserve balances less vault cash equa lto 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 WWeeddnneessddaayy November 24, 1982 November 17, 1982 NNoovveemmbbeerr 2255,, 11998811 ASSETS Gold certificate account 11,148 .. - 4 Special Drawing Rights certif. acct. 4,418 -- -f 1,100 Coin 445 - 2 + 47 Loans 804 + 379 + 148 Acceptances- Held under repurchase aggreements ... «.- „. 164 Federal agency abligatrons— Bought outright 8,943 *. . 196 Held under repurchase agreements 1 -^ — - 50 U.S. government securities: Bought outright-Bills 53,448 - 131 + 4,469 Notes 62,626 + 768 + 3,419 Bonds 18p556 + 132 + 265 Total bought outright 2 134,630 + 769 + 8,151 Held under repurchase agreements l -- -- 30 £ Total U.S. government securities 134,630 ++ 769 ++ 7,842 Total loans and securities 144,377 + 1,148 + 7,580 Cash items in process of collection (2,784 ) 9,830 • 1,142 4- 74 Bank premises 546 — 4- 51 Other assets 3 9,338 + 280 - 1,107 TOTAL ASSETS ((22,,778844 )) 179,102 ++ 284^ HH-- 7,741, LIABILITIES Federal Reserve notes 139,326 + 508 + 10,461 Deposits: Depository institutions 24,153 + 1,026 • 2,369 U.S. Treasury—general account 3,394 - 442 + 489 Foreign—official accounts 261 + 4? - 41 Other 594 + 48 _ 126 Total deposits 28,402 + 679 - 2,047 Deferred availability cash items (2,784 ) 6,799 - 849 + 272 Other liabilities and accrued dividends 4 1,581 . 51 . 1,096 TOTAL LIABILITIES (2,784 ) 175,108 + ZFT * 7,590 CAPITAL ACCOUNTS Capital paid in 1,354 — + 85 Surplus lf278 — + 75 Other capital accounts 362 - 3 - 9 * 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 $2,910 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $133 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 $21 million in Treasury Bills maturing within 90 days. A Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. MATURITY DISTRIBUTION OF LOANS AND SECURITIES November 24, 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 | Weei kly changes Holdings | Weekly changes Within 15 days 785 — 5,830 + 148 128 — 16 days to 90 days 19 -- 26,116 - 288 462 -- 91 days to 1 year — -- 38,691 + 96 1,985 — Over 1 year to 5 years — — 35>322 + 485 4,926 -- Over 5 years to 10 years — — 12,095 + 194 924 — Over 10 years ~~" 16.576 + 134 518 -- Total 80""• 4 134,630 769 8,943 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 24, 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 445 27 24 15 48 51 52 27 26 20 41 34 80 Loans 804 -- 52 6 1 25 13 456 3 2 51 193 2 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 53,448 2,469 16,812 1,782 3,527 4,534 1,361 7,586 1 ,800 673 2,525 3,623 6,756 Notes 62,626 2,894 19,700 2,087 4,133 5,314 1,594 8,888 2 ,108 789 2,958 4,245 7,916 Bonds 18,556 857 5,837 618 1,225 1,575 472 2,633 625 234 877 1,258 2,345 Total bought outright 2 134,630 6,220 42,349 4,487 8,885 11,423 3,427 19,107 4 ,533 1,696 6,360 9,126 17,017 Held under repurchase agreements 1 -0- -- -- -- -- -- -- -- -_ -- -- -- -- Total U.S. government securities 134,630 6,220 42,349 4,487 8,885 11,423 3,427 19,107 4 ,533 1,696 66,,336600 99,,112266 17,017 Total loans and securities 144,377 6,633 45,214 4,791 9,476 12,207 3,668 20,832 4 ,837 1,811 66,,883344 99,,992255 18,149 Cash items in process of collection 12,614 408 1,602 304 555 2,783 1,585 1,152 569 552 1,210 1,214 680 Bank premises 546 97 25 51 27 112 34 18 15 27 24 16 100 Other assets 3 8,338 257 2,385 31S 566 500 505 1,165 239 246 377 533 1,246 Interdistrict settlement account -0- + 471 + 715 + 176 -1,265 559 + 168 - 872 - 551 96 + 864 + 2 + 947 TOTAL ASSETS 1 181,886 8,694 54,454 6,426 10,440 16,451 6,568 24,516 5 ,715 2,772 10,156 12,763 22,931 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 $ 2,910 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 133 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 $ 21 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 24, 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 139,326 7,357 43,733 5,434 8,741 12,371 3,375 20,329 4,316 1,507 7,692 9,184 15,287 Deposits: Depository institutions 24,153 860 4,725 587 998 1,081 1,740 2,923 776 725 1,166 2,262 6,310 U.S. Treasury—general account 3,394 3,394 Foreign-official accounts 261 5 104 9 16 11 16 30 6 8 9 13 34 Other 594 1 537 1 1 22 2 25 1 2 2 Total deposits 28,402 866 8,760 597 1,015 1,114 1,758 2,978 782 733 1,176 2,277 ' 6,346 Deferred availability cash items 9,583 297 987 201 336 2,633 1,151 521 467 401 1,063 964 562 Other liabilities and accrued dividends 1 1,581 91 218 65 131 165 63 279 65 28 91 130 255 TTOOTTAALL LLIIAABBIILLIITTIIEESS 178,892 8,611 53,698 6,297 10,223 16,283 6.347 24,107 5,630 2,669 10,022 12,555 22,450 CCAAPPIITTAALL AACCCCOOUUNNTTSS CCaappiittaall ppaaiidd iinn 1,354 35 331 60 99 72 108 184 38 49 61 94 223 SSuurrpplluuss 1,278 33 319 53 96 66 97 180 37 47 57 84 209 OOtthheerr ccaappiittaall aaccccoouunnttss 362 15 106 16 22 30 16 45 10 7 16 30 49 TTOOTTAALL LLIIAABBIILLIITTIIEESS AANNDD CCAAPPIITTAALL AACCCCOOUUNNTTSS 181,886 8,694 54,454 6,426 10,440 16,451 6,568 24,516 5,715 2,772 10,156 12,763 22,931 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 159,023 8,231 47,968 7,730 9,428 13,685 5,534 21,385 5,236 2,032 8,876 11,022 17,896 Less-Held by F.R. Banks 19,697 874 4,235 2,296 687 1,314 2,159 1,056 920 525 1,184 1,838 2,609 F.R. notes, net 135,326 7,35? 43,733 5,434 8,741 12,371 3,375 20,329 4,316 1,507 >,692 9,184 15,287 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 107 107 U.S. govt, and agency securities 123,653 6,556 39,244 4,664 7,708 11,014 2,819 18,135 3,736 1,295 6,779 8,145 13,558 Total collateral 139,326 7,357 43,733 5,434 8,741 12,371 3,375 20,329 4,316 1,507 7,692 9,184 15,287 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