H.4.1 Factors Affecting Reserve Balances of Depository Institutions

;of Gov^ 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. E.S.T December 23, 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 2222,, December 15, December 23, December 22, 1982* 1982 IQfil 1Q«7* Reserve Bank credit: 1 2 U.S. government securities- Bought outright—system account 136,751 + 51 + 8,296 135,757 Held under repurchase agreements 1,426 + 960 + 307 Federal agency obligations- Bought outright 8,937 _ 1 _ 188 8,937 Held under repurchase agreements 160 + 9 + 28 Acceptances- Bought outright __ Held under repurchase agreements 204 + 129 - 50 — Loans to depository institutions 547 - 156 - 73 762 Includes: seasonal borrowing of 38 + 14 - 32 38 extended credit of 189 — + 28 190 Float 2,978 + 604 - 1,021 3,908 Other F.R. assets 9,542 + 234 - 130 9,845 Total Reserve Bank credit 160,546 + 1,830 + 7,170 159,209 Gold stock 11,148 — - 4 11,148 Special Drawing Rights certificate account 4,418 — + 1,100 4,418 Treasury currency outstanding 13,786 — + 105 13,786 Total Factors 189,898 +~ 1,830 + 8,371 188,561 Currency in circulation** 154,602 + 749 + 10,556 155,645 Treasury cash holdings** 440 + 2 - 2 440 Treasury deposits with F.R. Banks 2,959 - 382 - 256 2,226 Foreign deposits with F.R. Banks 279 + 7 - 82 280 Other deposits with F.R. Banks 538 + 14 - 54 269 Required clearing balances 426 + 4 + 317 426 Other F.R. liabilities and capital 4,942 + 32 - 872 4,733 164,186 + 426 + ~ 9,606 164,019 Reserve balances with F.R. Banks3 25,712 + 1,404 «. 1,236 24,542 Total vault cash 19,509 - 1,871 + 896 19,509 (a) Vault cash at institutions with required reserve balances 14,183 _ 377 + 1,078 14,183 (b) Vault cash equal to required reserves at other institutions 2,426 _ 797 + 350 2,426 (c) Surplus vault cash at other institutions4 2,900 _ 697 _ 532 2,900 Reserve balances + total vault cash3 45,221 - 467 - 340 44,051 Reserve balances + total vault cash used to satisfy reserve requirements 42,321 + 230 + 192 41,151 Required reserves 42,047 + 549 + 301 42,047 Excess reserve balances at F.R, Banks 6 274 - 319 - 109 896 On December 22, 1982 marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter t national accounts were $ 107,442 million, an increase of $1,941 million for the week. 1 Net of $3,389 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,389 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. 2 Net of $4,384 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4,384 million was with foreign official and international accounts. Includes $ 143 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 (Richmond 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 **** WWeeddnneessddaayy Wednesday December 22, 1982 DDeecceemmbbeerr 1155,, 11998822 Decembe r 23, 1981 i ASSETS Gold certificate account 11,148 «._ _ 4 Special Drawing Rights certif. acct. 4,418 __ + 1,100 Coin 457 + 18 + 75 Loans 762 - 2,606 . 528 Acceptances- Held under repurchase aggreements _«, — 105 787 Federal agency abligations— Bought outright 8,937 «.- _ 188 Held under repurchase agreements 1 — . 301 _ 479 U.S. government securities: Bought outright—Bills 54,575 - 1,896 + 5,707 Notes 62,626 .. + 2,648 Bonds 1188,,555566 — ++ 155 Total bought outright 2 113355,,775577 1,896 ++ 8,510 Held under repurchase agreements 1 -- •• 557777 4,013 Total U.S. government securities 135,757 22,,447733 ++ 4,497 Total loans and securities 145,456 - 5,485 + 2,515 Cash items in process of collection (2,741) 11,818 + 891 1,725 Bank premises 548 .. + 67 Other assets 3 9,297 + 261 + 550 TOTAL ASSETS (2,741) 183,142 - 4,315 + 2,578 LIABILITIES Federal Reserve notes 142,756 + 1,063 + 10,587 Deposits: Depository institutions 24,970 „ 4,499 . 7,544 U.S. Treasury—general account 2,226 — 692 56 Foreign—official accounts , 280 . 105 — 53 Other (2) 267 - 247 «. 347 Total deposits / <2\ 27,743 . 5,543 „ 8,000 Deferred availability cash items (2,739) 7,910 + 260 + 550 Other liabilities and accrued dividends 4 1,734 115 702 TOTAL LIABILITIES (2,741 ) 180,143 - 4,335 + "T^35 CAPITAL ACCOUNTS Capital paid in 1,356 + 1 + 78 Surplus 1,278 + 75 Other capital accounts 365 + 19 10 * 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 $4,384 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $143 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 $32 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 (Richmond District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES December 22, 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 751 -- 4,615 - 2,354 189 159 16 days to 90 days 11 -- 26,965 - 169 564 142 91 days to 1 year — — 40,443 + 50 1,893 -- Over 1 year to 5 years -- -- 35,065 -- 4,820 -- Over 5 years to 10 years — -- 12,095 — 953 -- Over 10 years — 1166,,557744 -- 551188 -- Total 7766FF — 113355,,775577 __ 2,473 88,,993377 301 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 22, 1982 Millions of dollars * Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis K C an it s y a s Dallas Fra S n a c n is co ASSETS \5old 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 Coin 457 26 30 14 64 50 47 25 26 19 45 32 79 Loans 762 6 378 35 5 34 9 37 7 5 39 192 15 Acceptances held under repurchase agreements -0- Federal agency obligations: Bought outright 8,937 413 2,811 298 590 758 227 1,268 301 113 422 606 1,130 Held under repurchase agreements 1 -0- U.S. government securities: Bought outright-Bills 54,575 2,521 17,167 1,819 3,602 4,630 1,389 7,746 1,838 688 2,578 3,699 6,898 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 U258 2,345 Total bought outright 2 135,757 6,272 42,704 4,524 8,960 11,519 3,455 19,267 4,571 1,711 6,413 9,202 17,159 Held under repurchase agreements 1 -0- Total U.S. government securities 135,757 6,272 42,704 4,524 8,960 11,519 3.455 19.267 4,571 1,711 6,413 9,202 17,159 Total loans and securities 145,456 6,691 45,893 4,857 9,555 12,311 3,691 20,572 4,879 1,829 6,874 10,000 18,304 Cash items in process of collection 14,559 481 2,059 458 580 2,099 1,890 1,454 730 515 1,272 1,349 1,672 Bank premises 548 97 25 51 27 110 34 19 15 27 24 16 103 Other assets 3 9,297 287 2,654 359 654 528 533 1,391 267 262 452 583 1,327 Interdistrict settlement account -0- + 22 +1.673 + 156 -1,302 - 107 + 273 - 972 - 339 + 232 + 906 - 184 - 358 TOTAL ASSETS 185,883 8,405 56,823 6,665 10,611 16,348 7,024 24,583 6,158 3,096 10,479 12,835 22,856 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 $ 4,384 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 143 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 $ 32 million in Treasury Bills maturing within 90 days. * Estimated (Richmond District). 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 22, 1982 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond* Atlanta Chicago St. Louis Minneapolis City Dallas Francisco 1 LIABILITIES Federal Reserve notes 142,756 7,234 44,591 5,613 8,861 12,584 3,620 20,784 4,663 1,763 7,891 9,390 15,762 Deposits: Depository institutions 24,970 626 7,521 591 1,118 1,399 1,759 2,407 770 757 1,163 1,953 4,906 U.S. Treasury-general account 2,226 — 2,226 — — — — Foreign—official accounts 280 4 139 7 14 9 14 28 5 6 8 12 34 Other 269 2 200 1 1 16 2 40 1 — 2 3 1 Total deposits 27,745 632 10,086 599 1,133 1,424 1,775 2,475 776 763 1,173 1,968 4,941 Deferred availability cash items 10,649 366 1,027 257 266 2,014 1,349 626 568 437 1,186 1,137 1,416 Other liabilities and accrued dividends 1 1,734 91 365 67 134 159 57 287 66 29 93 133 253 TOTAL LIABILITIES 182,884 8,323 56,069 6,536 10,394 16,181 6,801 24,172 6,073 2,992 10,343 12,628 22,372 CAPITAL ACCOUNTS Capital paid in 1,356 35 330 60 99 72 109 185 38 49 62 93 224 Surplus 1,278 33 319 53 96 66 97 180 37 47 57 84 209 Other capital accounts 365 14 105 16 22 29 17 46 10 8 17 30 5J. TOTAL LIABILITIES AND CAPITAL ' ACCOUNTS 185,883 8,405 56,823 6,665 10,611 16,348 7,024 24,583 6,158 3,096 10,479 12,835 22,856 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 160,753 8,092 48»039 7,595 9,512 13,807 5,680 22,090 5,464 2,217 9,027 11,084 18,146 Less-Held by F.R. Banks 17,997 858 3,448 1,982 651 1,223 2,060 1,306 801 454 1,136 1,694 2,384 F.R. notes, net 142,756 7,234 44,591 5,613 8,861 12,584 3,620 20,784 4,663 17761 7,891 9,390 15,762 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 174 — — 21 — — — — — — 153 — — U.S. govt, and agency securities 127,016 6,433 40,102 4,822 7,828 11,227 3,064 18,690 4,083 1,551 6,832 8,351 14,033 Total collateral 142,756 7,234 44,591 5,613 8,861 12,584 3,620 20,784 4,663 1,763 7,891 9,390~ 15,762 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. * Estimated (Richmond District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis