H.4.1 Factors Affecting Reserve Balances of Depository Institutions

•oOlCOwT- FEDERAL RESERVE •??§fP?r-- 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 30 , 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 DDeecceemmbbeerr 2299,, December 22, December 30, December 29, 1982 12S2 1981 1982 Reserve Bank credit: 1 2 U.S. government securities- Bought outright—system account 135,808 - 943 + 8,636 134,801 Held under repurchase agreements 1,958 + 532 93 3,347 Federal agency obligations- Bought outright 8,937 — 188 8,937 Held under repurchase agreements 219 + 59 211 511 Acceptances- Bought outright — — — — Held under repurchase agreements 599 + 395 199 731 Loans to depository institutions 691 + 144 191 1,813 Includes: seasonal borrowing of 44 + 6 31 37 extended credit of 191 + 2 + 18 187 Float 3,415 + 495 33 4,048 Other F.R. assets 9,806 + 262 + 562 9,953 Total Reserve Bank credit 161,434 + 944 "+ 8,285 164,141 Gold stock 11,148 — 4 11,148 Special Drawing Rights certificate account 4,418 — + 1,100 4,418 Treasury currency outstanding 13,786 — + 99 13,786 Total Factors 190,786 + 944 + 9,480 193,493 Currency in circulation* 155,707 + 1,103 + 10,510 156,181 Treasury cash holdings* 438 - 2 + 1 435 Treasury deposits with F.R. Banks 3,328 + 369 + 416 3,620 Foreign deposits with F.R. Banks 331 + 52 42 261 Other deposits with F.R. Banks 340 - 198 234 259 Required clearing balances 428 + 2 + 310 428 Other F.R. liabilities and capital 5,050 + 108 320 4,777 165,621 + 1,433 + 10,640 165,961 Reserve balances with F.R. Banks3 25,164 _ 490 1,161 27,532 Total vault cash 20,514 + 1,005 + 765 20,514 (a) Vault cash at institutions with required reserve balances 14,504 + 321 + 613 14,504 (b) Vault cash equal to required reserves at other institutions 2,444 + 18 + 292 2,444 (c) Surplus vault cash at other institutions4 3,566 + 666 140 3,566 Reserve balances + total vault cash3 45,678 + 515 396 48,046 Reserve balances + total vault cash used to satisfy reserve requirements" 42,112 151 256 44,480 Required reserves 41,234 - 813 792 41,234 Excess reserve balances at F.R. Banks ° 878 + 662 + 536 3,246 On December 29, 1982 marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter t national accounts were $ 106 »* 42 million, a decrease of $130 million for the week. 1 Net of $ 4,224 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 4,224million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. Government securities. 2 Net of $ 4,956 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4,956 million was with foreign official and international accounts. Includes $ 94 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 (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 WWeeddnneessddaayy December 29, 1982 DDeecceemmbbeerr 2222,, 11998822 DDeecceemmbbeerr 3300,, 11998811 ASSETS Gold certificate account 11,148 — - 3 Special Drawing Rights certif. acct. 4,418 — + 1,100 Coin 433 - 24 + 58 Loans 1,813 + 1,051 + 576 Acceptances- Held under repurchase aggreements 731 + 731 + 107 Federal agency abligations— Bought outright 8,937 — "* 188 Held under repurchase agreements 1 511 + 511 + 74 U.S. government securities: Bought outright-Bills 53,619 - 956 + 4,008 Notes 62,626 — + 2,648 Bonds 1188,,555566 — ++ 155 __ Total bought outright 2 113344,,880011 956 ++ 6,811 Held under repurchase agreements 1 3,347 + 3,347 - 156 Total U.S. government securities 138,148 + 2,391 + 6,655 Total loans and securities 150,140 + 4,684 + 7,224 Cash items in process of collection ( 2,674) 11,567 - 676 + 571 Bank premises 550 + 2 + 47 Other assets 3 9,403 + 89 + 438 TOTAL ASSETS ( 2,674) 187,659 + 4,075 + 9,435 LIABILITIES Federal Reserve notes 143,263 + 492 + 10,616 Deposits: Depository institutions 27,961 + 2,991 - 1,122 U.S. Treasury—general account 3,620 + 1,394 + 218 Foreign—official accounts 261 - 19 - 58 Other (9) 258 - 9 - 342 Total deposits (9) 32,100 + 4,357 - 1,304 Deferred availability cash items < 2,665> 7,519 - 815 + 691 Other liabilities and accrued dividends 4 1,784 + 47 - 696 TOTAL LIABILITIES ( 2,674) 184,666 + 4,081 + 9,307 CAPITAL ACCOUNTS Capital paid in 1,356 — + 78 Surplus 1,278 — + 75 Other capital accounts 359 - 6 - 25 * Figures in parentheses are the eliminations made ir. 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 $4,956 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $94 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 $25 million in Treasury Bills maturing within 90 days. 4 Includes exchange-translation account reflecting the monthly revaluation at market exchange rates cf foreign exchange commitments. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, December 29, 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 obligati ons LLooaannss AAcccceeppttaanncceess Holdings | Weekly changes Holdings | Weekly changes Within 15 days 1,804 731 7,657 + 3,042 653 + 464 16 days to 90 days 9 — 27,649 + 684 564 — 91 days to 1 year — 39,108 - 1,335 1,954 + 61 Over 1 year to 5 years — — 35,065 — 4,780 - 40 Over 5 years to 10 years — — 12,095 — 979 + 26 Over 10 years — — 1166,,557744 — 551188 — Total 1,813 731 113388,,114488 ++ 2,391 99,,444488 ++ 511 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 29, 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 143,263 7,270 44,868 5,617 8,875 12,638 3,555 20,737 4,668 1,780 7,898 9,407 15,950 Deposits: Depository nstitutions 27,961 975 8,560 571 1,413 1,479 1,722 2,717 680 421 1,057 2,375 5 991 U.S. Treasury—general account 3,620 — 3,620 — — — — — — — — — — Foreign—official accounts 261 4 119 7 14 10 14 28 5 6 8 12 34 Other 267 2 196 2 3 16 2 37 1 1 2 2 3 Total deposits 32,109 981 12,495 580 1,430 1,505 1,738 2,782 686 428 1,067 2,389 6,028 Deferred availability cash items 10,184 315 748 213 263 2,305 1,216 722 586 420 1,091 1,092 1,213 Other liabilities and accrued dividends 1 1,784 90 436 65 UQ 155 58 279 65 27 91 131 257 TOTAL LIABILITIES 187,340 8,656 58,547 6,475 10,698 16,603 6,567 24,520 6,005 2,655 10,147 13,019 23,448 CAPITAL ACCOUNTS Capital paid in 1,356 35 330 60 99 71 109 185 38 49 62 94 224 Surplus 1,278 33 319 53 96 66 97 180 37 47 57 84 209 Other capital accounts 359 14 106 15 22 31 18 45 10 5 16 30 47 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 190,333 8,738 59,302 6,603 10,915 16,771 6,791 24,930 6,090 2,756 10,282 13,227 23,928 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 160,245 8,063 47,938 7,554 9,477 13,740 5,586 22,053 5,448 2,211 8,998 11,073 18,104 Less-Held by F.R. Banks 16,982 793 3,070 1,937 602 1,102 2,031 1,316 780 431 1,100 1,666 2,154 F. R. notes, net 143,263 7,270 44,868 5,617 8,875 12,638 3,555 20,737 4,668 1,780 7,898 9,407 15,950 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 262 — __ 57 __ — — — — — 205 — __ U.S. govt, and agency securities 127,435 6,469 40,379 4,790 7,842 11,281 2,999 18,643 4,088 1,568 6,787 8,368 14,221 Total collateral 143,263" 7,270 44,868 5,617 8,875 12,638 3,555 20,737 4,668 1,780 7,898 9,407 15,950 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

H.4.1 (b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON December 29, 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 3,212 554 744 967 402 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 433 25 29 14 48 49 44 25 26 19 44 32 78 Loans 1,813 233 167 303 193 209 117 124 143 4 59 192 69 Acceptances held under repurchase agreements 731 ~~ 731 -•" -* ~~ ~~ "~ ~~ •"" ~~ ~~ "* 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 1 511 -- 511 -- -- -- — — — -- ~ -- -- U.S. government securities: Bought outright-Bills 53,619 2,477 16,866 1,787 3,539 4,549 1,365 7,610 1,805 676 2,533 3,634 6,778 Certificates: Special Other 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 2 134,801 6,228 42,403 4,492 8,897 11,438 3,431 19,131 4,538 1,699 6,368 9,137 17,039 Held under repurchase agreements 1 3,347 -- 3,347 — — — — — -- -- -- — -- Total U.S. government securities 138,148 6,228 45,750 4,492 8,897 11,438 3,431 19,131 4,538 1,699 6,368 9,137 17,039 Total loans and securities 150,140 6,874 49,970 5,093 9,680 12,405 3,775 20,523 4,982 1,816 6,849 9,935 18,238 Cash items in process of collection 14,241 387 1,242 329 588 2,396 1,673 1,610 692 747 1,375 1,584 1,618 Bank premises 550 97 25 51 27 110 34 20 15 27 24 16 104 Other assets 3 9,403 296 2,757 352 632 584 539 1,285 271 275 414 590 1,408 Interdistrict settlement account -0- + 258 + 790 - 6 - 1,093 - 130 + 170 - 627 - 476 - 340 + 670 + 31 + 753 TOTAL ASSETS 190,333 8,738 59,302 6,603 10,915 16,771 6,791 24,930 6,090 2,756 10,282 13,227 23,928 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 $ 4,956 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 9* 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 $ 25 million in Treasury Bills maturing within 90 days. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis