H.4.1 Factors Affecting Reserve Balances of Depository Institutions

\ *££££*. FEDERAL RESERVE Factors Affecting Reserves of Depository Institutions and Condition Statement of F.R. Banks H.4.1. For Release at 4:I 5 EST December 10, 1982 Averages of daily f igu'e s (rn illionsof doll ars) RRReeessseeerrrvvveeesss ooofff dddeeepppooosssiiitttooorrryyy iiinnnssstttiiitttuuutttiiiooonnnsss,,, WWeeeekk eennddeedd Change from week ended Wednesday RRReeessseeerrrvvveee BBBaaannnkkk cccrrreeedddiiittt,,, aaannnddd rrreeelllaaattteeeddd IIIttteeemmmsss DDeecceemmbbeerr 88,, ** Dec^mripr 1 . DeC^Tnhpr 9- December 8, * 1982 1982 1981 1982 Reserve Bank credit: 1 2 U.S. government securities- Bought outright-system account 135,508 - 181 + 9,047 133,687 Held under repurchase agreements — — - 222 — Federal agency obligations- Bought outright 8,943 — - 186 8,943 Held under repurchase agreements — — - 18 — Acceptances- Bought outright — — — — Held under repurchase agreements — — - 48 — Loans to depository institutions 439 _ 184 _ 177 1,433 Includes: seasonal borrowing of 26 - 9 - 4 25 extended credit of 186 + 1 + 61 187 Float 3,180 - 197 + 304 3,318 Other F.R. assets 9,233 + 206 - 859 9,346 Total Reserve Bank credit 157,302 - " 357 + 7,840 156,727 Gold stock 11,148 — - 4 11,148 Special Drawing Right's certificate account 4,418 — + 1,100 4,418 Treasury currency outstanding 13,786 — + 107 13,786 Total Factors 186,654" ~ 357 + 9,043 "' "186,079 Currency in circulation** 152,805 + 465 + 10,417 153,653 Treasury cash holdings** 446 + 2 + 2 445 Treasury deposits with F.R. Banks 3,034 - 221 + 368 3,850 Foreign deposits with F.R. Banks 234 - 42 - 78 188 Other deposits with F.R. Banks 755 + 47 + L82 699 Required clearing balances 415 + 7 + 311 415 Other F.R. liabilities and capital 5,144 + 336 - 808 5,166 162,833 + 593 ~ + 10,395" 164,41.6 Reserve balances with F.R. Banks3 23,822 948 _ 1,352 21,663 Total vault cash 20,266 _ 125 + 706 20,266 (a) Vault cash at institutions with required reserve balances 14,291 _ 54 + 799 1.4,291 (b) Vauit cash equal to required reserves at other institutions 2,766 _ 2 + 576 2,766 (c) Surplus vault cash at other institutions4 3,209 _ 69 - 669 3,209 Reserve balances + total vault cash3 44,088 _ 1,073 _ 646 41,929 Reserve balances + to*al vault cash used to satisfy reserve requirements5 40,879 - ] ,004 + 23 38,720 RReeqquuiirreedd rreesseerrvveess 40,626 _ 735 + 63 40,626 EExxcceessss rreesseerrvvee bbaallaanncceess aatt FF..RR.. BBaannkkss 66 _213 1 - lh3. - 40.— — L.9Q6 On December 8, 1982 f marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter national accounts were $ 105,115 million, an increase of $1,797 million for the week. 1 Net of $2,783 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 2 ,054 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. 2 Net of $4,657 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 2,107 million was with foreign official and international accounts. Includes $ 125 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 (Cleveland 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 Wedil esday December 8, 1982 December 1, 1982 December 9, 1981 ASSETS Gold certificate account 11,148 -- - 4 Special Drawing Rights certif. acct. 4,418 -- + 1,100 Coin 433 - 1 + 47 Loans 1,433 - 571 - 1,780 Acceptances- .. .. ... Held under repurchase aggreements Federal agency abIigations- Bought outright 8,943 -- - 186 Held under repurchase agreements 1 -- -- -- U.S. government securities: Bought outright-Bills 52,505 - 2,254 + 2,826 Notes 62,626 -- + 3,419 Bonds 1188,,555566 — ++ 263 Total bought outright 2 113333,,668877 .. 2,254 ++ 6,508 Held under repurchase agreements ' -- -- — Total U.S. government securities 133,687 .. 2,254 ++ 6,508 Total loans and securities 144,063 - 2,825 + 4,542 Cash items in process of collection ( 2,407) 10,056 - 1,425 - 164 Bank premises 546 + 2 + 66 Other assets 3 8,800 - 331 - 943 TOTAL ASSETS (( 22,,440077)) 179,464 4,580 ++ 4,644 LIABILITIES Federal Reserve notes 140,745 + 742 + 10,262 Deposits: Depository institutions 22,079 - 4,540 - 7,224 U.S. Treasury-general account 3,850 + 529 + 1,307 Foreign-official accounts 188 - 29 - 139 Other (1) 698 - 403 + 155 Total deposits '. (1\ 26,815 - 4,443 - 5,901 Deferred availability cash items ( 2,406) 6,738 - 1,089 + 810 Other liabilities and accrued dividends 4 2,148 + 355 „ 703 TOTAL LIABILITIES ( 2,407) 17Z\W5 - 4,435 + 4,468 CAPITAL ACCOUNTS Capital paid in 1,354 -- + 83 Surplus 1,278 — + 75 Other capital accounts 386 - 145 + 18 * 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 $4,657 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $125 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 9 0days. 4 Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. **Estimated (Cleveland District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES December 8, 1982 Acceptances and securities held under repurchate 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 | Weekly changes Holdings | Weekly chances Within 15 days 1,416 3,402 3,219 66 16 days to 90 days 17 26,987 414 594 91 days to 1 year 39,564 1,379 2,000 Over 1 year to 5 years 35,065 4,821 Over 5 years to 10 years 12,095 944 Over 10 years 16,574 518 Total 1,433 133,687 2,254 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 December 8, 1982 Millions of dollars * Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City Francisco ASSETS Gold certificate account 11,148 570 3,212 554 744 96 7 402 1,476 418 154 675 743 1,233 Special Drawing Rights certif. acct. 4,418 231 1,277 216 289 390 154 618 162 58 231 296 496 Coin 433 26 24 15 46 49 49 25 26 19 41 34 79 Loans 1,433 2 6 75 4 -- 29 4 482 -- -- 30 193 14 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 52,505 2,426 16,515 1,750 3,465 4,454 1,337 7,452 1,768 662 2,480 3,559 6,637 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 6_18 1,225 1,575 472 2,633 625 234 877 1,258 2,345 Total bought outright 2 133,687 6,177 42,052 4,455 8,823 11,343 3,403 18,973 4,501 1,685 6,315 9,062 16,898 Held under repurchase agreements ! -0- -- -- -- -- -- -- -- -- -- -- -- -- Total U.S. government securities 133,687 6,177 42,052 4,455 8,823 11,343 3,403 18,973 4,501 1,685 6,315 9,062 16,898 Total loans and securities 144,063 6,592 45,540 4,757 9,413 12,131 3,635 20,724 4,802 1,798 6,768 9,861 18,042 Cash items in process of collection 12,463 290 1,548 340 449 2,395 1,521 1,201 573 482 1,285 1,184 1,195 Bank premises 546 97 25 51 . 27 110 34 18 15 27 24 16 102 Other assets3 '- 8,800 275 2,512 334 592 527 529 1,210 268 259 400 560 1,334 Interdistrict settlement account -0- + 76 +2,839 + 575 -1,000 - 686 + 58 -1,508 - 529 48 + 768 + 254 - 799 TOTAL ASSETS 181,871 8,157 56,977 6,842 10,560 15,883 6,382 23,764 5,735 2,749 10,192 12,948 21,6d2 ! Does not include U.S. government and federal agency securities resold under matched sale-purchase transactions to foreiign official and international accounts, of which S -0- million was outstanding at the end of the latest statement week. 2 Net of $ 4,657 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 125 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 wjthin 90 days. * Estimated CCleveland District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.Mc) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON December 8, 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 140,745 ; 7,156 44,095 5,554 8,835 12,518 3,341 20,622 4,553 1,611 7,793 9,324 15,343 Deposits: Depository institutions 22,079 527 6,345 487 1,013 842 1,596 1,908 539 574 1,005 2,420 4,823 U.S. Treasury-general account 3,850 — 3,850 — — — — — — — — — Foreign-official accounts 188 4 46 7 14 10 14 28 5 6 8 12 34 Other 699 1 635 — 1 19 2 25 1 — 2 5 8 Total deposits 26,816 532 10,876 494 1,028 871 1,612 1,961 545 5~80 1.015 2,437 4,865 Deferred availability cash items 9,144 295 895 205 334 2,161 1,147 488 486 426 1,129 845 733 Other liabilities and accrued dividends1 2.148 92 359 460 128 165 59 282 66 29 118 133 257 TOTAL LIABILITIES 178,853 8,075 56,225 6,713 10,325 15,715 6,159 23,353 5,650 2,646 10,055 12,739 21,198 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 Other capital accounts j 386 14 103 16 40 30 18 46 10 7 19 31 52 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 181,871 8,157 56,977 6,842 10,560 15,883 6,382 23,764 5,735 2,749 10,192 12,948 21,682 FEDFRAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 160,379 8,185 48,026 7,686 9,611 13,807 5,492 21,907 5,414 2,126 8,937 11,183 18,005 Less-Held by F.R. Banks 19,634 1,029 3,931 2,132 776 1,289 2,151 1,285 861 515 1,144 1,859 2,662 F.R. notes, net 140,745 7,156 44,095 5,554 8,835 12,518 3,341 20,622 4,553 1,611 7,793 9,324 15,343 Collateral held against F.R. notes: Gold certificate account 11,148 570 3,212 554 744 967 402 1,476 418 154 675 743 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 221 — — 30 — — — — — 191 — U.S. govt, and agency securities 124,958 6,355 39,606 4,754 7,802 11,161 2,785 18,528 3,973 1,399 6,696 8,285 13,614 Total collateral 140,745 7,156 44,095 5,554 8,835 12,518 3,341 20,622 4,553 1,611 7,793 9,324 15,343 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. •Estimated (Cleveland District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis