H.4.1 Factors Affecting Reserve Balances of Depository Institutions

•vaSI^ FEDERAL RESERVE Factors Affecting Reserves of Depository Institutions and Condition Statement of F.R. Banks H.4.1. For Release at 4:15 p.m. EST December 3, 1982 Averages of daily figures (millions of dollars) RReesseerrvveess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss,, WWeeeekk eennddeedd Change from week ended Wednesday RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss DDeecceemmbbeerr 11,, ** November 24, December 2, December 1, * 1982 1982 1981 1982 Reserve Bank credit: 1 2 U.S. government securities- Bought outright—system account 135,689 + 428 +10,490 135,941 Held under repurchase agreements — - 834 - 976 — Federal agency obligations- Bought outright 8,943 — 187 8,943 Held under repurchase agreements — - 106 - 166 — Acceptances- Bought outright — — — — Held under repurchase agreements — 129 - 398 — Loans to depository institutions 623 + 156 + 309 2,004 Includes: seasonal borrowing of 35 11 6 29 extended credit of 185 1 + 60 186 Float 3,442 + 1,117 694 3,842 Other F.R. assets '• 8,974 + 180 - 927 9,302 Total Reserve Bank credit 157,671 + 812 + 7,450 160,032 Gold stock 11,148 _- 4 11,148 Special Drawing Rights certificate account 4,418 — + 1,100 4,418 Treasury currency outstanding 13,786 — + 1 13,786 Total Factors 187,023 + 812 + 8,547 189,384 Currency in circulation** 152,323 + 814 +10,364 152,856 Treasury cash holdings** 455 + 1 + 8 455 Treasury deposits with F.R. Banks 3,255 + 384 + 227 3,321 Foreign deposits with F.R. Banks 276 1 59 217 Other deposits with F.R. Banks 708 + 115 23 1,105 Required clearing balances 408 + 3 + 313 408 Other F.R. liabilities and capital 4,788 + 24 971 4,815 162,214 + 1,341 + 9,860 163,177 Reserve balances with F.R. Banks3 24,809 529 - 1,313 26,207 Total vault cash 20,391 + 1,704 + 1,023 20,391 (a) Vault cash at institutions with required reserve balances 14,345 + 802 + 959 14,345 (b) Vault cash equal to required reserves at other institutions 2,768 + 479 + 637 2,768 (c) Surplus vault cash at other institutions4 3,278 + 423 - 573 3,278 Reserve balances + total vault cash3 45,200 + 1,175 290 46,598 Reserve balances + total vault cash used to satisfy reserve requirements5 41,922 + 752 + 283 43,320 Required reserves 41,361 + 503 + 128 41,361 Excess reserve balances at F.R. Banks 6 561 + 249 + 155 1,959 On December 1, 1982 , marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter national accounts were $ 103 *318 million, a decrease of $ 223 million for the week. 1 Net of $ 2,237 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 2,237 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. Government securities. 2 Net of $ 2,303million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 2,303 million was with foreign official and international accounts. Includes $ 201 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 (San Francisco 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 December 1, 1982 November 24, 1982 December 2, 1981 ASSETS Gold certificate account 11,148 -_ _ 4 Special Drawing Rights cert if. acct. 4,418 -- + 1,100 Coin 434 - 11 + 47 Loans 2,004 + 1,200 + 1,608 Acceptances- Held under repurchase aggreements «... „ 778 Federal agency abligations— Bought outright 8,943 -- - 186 Held under repurchase agreements 1 -- -- - 383 U.S. government securities: Bought outright—Bills 54,759 + 1,311 + 6,934 Notes 62,626 «.«. + 3,419 Bonds 1188,,555566 -- 44-- 263 Total bought outright 2 113355,,994411 44-- "" 1,311 ++ "" 10,616 Held under repurchase agreements 1 -- -- 2,228 Total U.S. government securities 135,941 ++ "" 1,311 ++ "" 8.388 Total loans and securities 146,888 + 2,511 + 8,649 Cash items in process of collection (2,107) 11,352 + 1,522 + 292 Bank premises 544 - 2 + 64 Other assets 3 8,758 + 420 - 911 TOTAL ASSETS ((22,,110077)) 183^542 ++ __ 4,440 ++ __ 9,237 LIABILITIES Federal Reserve notes 139,959 + 633 + 10,362 Deposits: Depository institutions 26,619 + 2,466 - 927 U.S. Treasury—general account 3,321 - 73 - 381 Foreign—official accounts 217 - 44 - 86 Other (5) 1,101 + 507 + 440 Total deposits (5) 31,258 + 2,856 - 954 Deferred availability cash items (2,102 ) 7,510 + 711 + 820 Other liabilities and accrued dividends 4 1,682 + 101 - 1,149 TOTAL LIABILITIES (2,107) 180,409 + 4,301 + 9,079 CAPITAL ACCOUNTS Capital paid in 1,354 -- + 84 Surplus 1,278 -- + 75 Other capital accounts 501 + 139 - 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 $667 million was outstanding at the end of the latest statement week 2 Net of $2,203 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $201 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 $23 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. **Estimated (San Francisco District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, December 1, 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 1,992 -- 6,621 + 791 66 62 16 days to 90 days 12 -- 27,4:i + 1,285 594 + 132 91 days to 1 year -- -- 38,185 - 506 2,000 + 15 Over 1 year to 5 years -- -- 35,065 - 257 4,821 105 Over 5 years to 10 years -- -- 12,095 — 944 + 20 Over 10 years -- ——55^^-- 1166,,557744 22 551188 ... Total 1 2,004 113355,,994411 ++ 11,,331111 88,,994433 — 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 DECEMBER 1, 1982 Kansas San * Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 139,959 7,317 43,991 5,435 8,810 12,451 3,413 20,359 4,422 1,538 7,710 9,234 15,279 Deposits: Depository institutions 26,619 743 5,920 488 1,280 1,160 1,825 2,614 862 559 1,212 2,199 7,757 U.S. Treasury—general account 3,321 — 3,321 — — — Foreign—official accounts 1 217 7 29 10 19 13 19 36 7 9 11 16 41 Other 1 1,106 1 1,052 1 2 13 3 28 — 1 3 2 Total deposits 31,263 751 10,322 499 1,301 1,186 1,847 2,678 869 568 1,224 2,218 7,800 Deferred availability cash items 9,612 288 959 196 257 2,118 1,320 595 618 442 1,295 974 550 Other liabilit es and accrued dividends 1 1,682 88 336 65 127 161 65 274 64 27 92 130 253 TOTAL LIABILITIES 182,516 8,444 55,608 6,195 10,495 15,916 6,645 23,906 5,973 2,575 10,321 12,556 23,882 CAPITAL ACCOUNTS Capital paid in 1,354 35 330 60 99 72 108 185 38 49 61 94 223 Surplus 1,278 33 319 53 96 66 97 180 37 47 57 84 209 OOtthheerr ccaappiittaall aaccccoouunnttss 501 19 145 22 35 39 _31 68 14 14 24 41 49 TTOOTTAALL LLIIAABBIILLIITTIIEESS AANNDD CCAAPPIITTAALL ACCOUNTS 185,649 8,531 56,402 6,330 10,725 16,093 6,881 24,339 6,062 2,685 10,463 12,775 24,363 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 159,588 i 8,218 48,093 7,695 9,468 13,734 5,533 21,522 5,294 2,056 8,906 11,057 18,012 Less—Held by F.R. Banks 19,629 901 4,102 2,260 658 1,283 2,120 1,163 872 518 1,196 1,823 2,733 F.R. notes, net 139,959 7,317 43,991 5,435 8,810 12,451 3,413 20,359 4,422 1,538 7,710 9,234 15,279 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 89 — — — — — — — — 89 U.S. govt, and agency securities 124,304 6,516 39,502 4,665 7,777 11,094 2,857 18,165 3,842 1,326 6,815 8,195 13,550 Total collateral 139,959 7,317 43,991 5,435 8,810 12,451 3,413 20,359 4,422 1,538 7,710" 9,234 15,279 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. * Estimated (San Francisco District). 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 December 1, 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 434 27 25 15 46 49 48 24 26 19 41 34 80 Loans 2,004 5 1,153 23 7 83 117 63 -- 5 38 194 316 Acceptances held under repurchase -0- -- -- -- -- -- -- -- — -- -- -- -agreements 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 54,759 2,530 17,224 1,825 3,614 4,646 1,394 7,772 1,844 690 2,587 3,711 6,922 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 2 135,941 6,281 42,761 4,530 8,972 11,535 3,460 19,293 4,577 1,713 6,422 9,214 17,183 Held under repurchase agreements 1 -0- -- — -- -- -- -- -- -- -- -- -- -- Total U.S. government securities 135,941 | 6,281 42,761 4,530 8,972 11,535 3,460 19,293 4,577 1.7T3 6,422 9,214 17,183 Total loans and securities 146,888 6,699 46,727 4,851 9,569 12,377 3,805 20,625 4,878 1,831 6,883 10,014 18,629 Cash items in process of collection 13,459 386 1,601 324 740 2,129 1,799 1,529 726 523 1,481 1,327 894 Bank premises 544 97 25 51 27 110 34 18 15 27 24 16 100 Other assets 3 8,758 266 2,456 444 590 506 628 1,196 255 263 483 608 1,063 Interdistrict settlement account -0- + 255 -H,079 - 125 - 1,280 - 435 + 11 -1,247 - 418 190 + 745 - 263 + 1,868 TOTAL ASSETS 185,649 8,531 56,402 6,330 10,725 16,093 6,881 24,339 6,062 2,685 10,463 12,775 24,363 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 $ 667 million was outstanding at the end of the latest statement week. 2 Net of $ 2,303 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 201 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 $ 23 million in Treasury Bills maturing within 90 days. *Estiraated (San Francisco District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis