H.4.1 Factors Affecting Reserve Balances of Depository Institutions

.•'oicow/ 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. January 7, 1983 Averages of daily figu res (m llions of dollars) RRReeessseeerrrvvveeesss ooofff dddeeepppooosssiiitttooorrryyy iiinnnssstttiiitttuuutttiiiooonnnsss... WWeeeekk eennddeedd Change from week ended Wednesday RRReeessseeerrrvvveee BBBaaannnkkk cccrrreeedddiiittt,,, aaannnddd rrreeelllaaattteeeddd iiittteeemmmsss JJaannuuaarryy 55,, December 29, Januarv 6, January 5, IQfH 1Q8? 1QR? 1Q«3 Reserve Bank credit: 1 2 U.S. government securities- Bought outright—system account 136,335 1 + 527 + 8,749 137,641 Held u.ider repurchase agreements 2,118 + 160 - 1,201 — Federal agency obligations- Bought outright 8,937 — - 181 8,937 Held under repurchase agreements 396 + 177 + 41 — Acceptances- Bought outright — — — — Held under repurchase agreements 792 + 193 + 575 — Loans to depository institutions 1,202 + 511 - 250 408 Includes: seasonal borrowing of 37 - 7 - 22 31 extended credit of 143 - 48 - 50 133 Float 3,308 - 123 - 169 2,685 Other F.R. assets 9,763 - 43 + 489 9,867 Total Reserve Bank credit 162,851 + 1,401 + 8,054 159,538" Gold stock 11,148 — - 3 11,148 Special Drawing Rights certificate account 4,618 + 200 + 1,300 4,618 Treasury currency outstanding 13,786 _ - 355 13,786 Total Factors 192,403 1,601 + 8,995 189,090" Currency in circulation* 155,074 - 633 + 9,963 155,028 Treasury cash holdings* 435 - 3 - 8 435 Treasury deposits with F.R. Banks 4,188 + 860 + 441 3,028 Foreign deposits with F.R. Banks 275 - 56 - 176 238 Other deposits with F.R. Banks 1,017 + 677 + 144 662 Reqirred clearing balances 436 .+ 8 + 319 436 Other RR. liabilities and capital 4,835 - 155 - 630 4,719 166,319 + 698 + 164,546 Reserve balances with F,R. Banks3 26,083 + 903 _ 1,057 24,543 Total vault cash 20,102 - 393 + 930 20,102 (a) Vault cash at institutions with required reserve balances 14,249 - 183 + 751 14,249 (b) Vault cash equal to required reserves at other institutions 2,417 - 44 + 280 2,417 (c) Surplus vault cash at other institutions4 3,436 - 166 - 101 3,436 Reserve balances + total vault cash3 46,185 + 51.0 - 127 44,645 Reserve balances + total vault cash used to satisfy reserve requirements 42,749 + 676 - 26 41,209 RReeqquuiirreedd rreesseerrvveess 41,391 + 157 - 757 41,391 EExxcceessss rreesseerrvvee bbaallaanncceess aatt FF..RR.. BBaannkkss ~~'' 1,358 + 519 + 731 182 On January 5, 1983 , marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter national accounts were $106,197 million, an increase of $55 million for the week. 1 Net of $2,675 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 2,675 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. Government securities. 2 Net of $1,036 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 1,036 million was with foreign official and international accounts. Includes $ 175 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 \rm\t 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 ^ess 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 January 5, 1983 December 29, 1982 January 6, 1982 ASSETS Gold certificate account 11,148 — — 3 SSppeecciiaall DDrraawwiinngg RRiigghhttss cceerrttiiff.. aacccctt.. 4,618 + 200 + 1,300 CCooiinn 424 9 + 57 408 - 1,405 - 1,634 LLooaannss Acceptances- Held under repurchase aggreements — - 731 - 136 Federal agency abligations— Bought outright 8,937 —* — 172 Held under repurchase agreements 1 U.S. government securities: — - 511 — 364 Bought outright-Bills 56,459 + 2,840 + 9,342 Notes 62,626 — + 2,648 Bonds 1188,,555566 — ++ 155 ++ '' Total bought outright 2 113377,,664411 2,840 ++ 12,145 Held under repurchase agreements 1 — - 3,347 - 2,199 Total U.S. government securities 137,641 - 507 + 9,946 Total loans and securities 146,986 - 3,154 4- 7,640 Cash items in process of collection (2,655) 11,627 + 60 + 604 Bank premises 549 - 1 + 46 Other assets 3 9,318 - 85 + 395 TOTAL ASSETS ((22,,665555)) 184,670 2,989 ++ 10,039 LIABILITIES Federal Reserve notes 142,102 - 1,161 + 10,631 Deposits: Depository institutions 24,982 - 2,979 - 2,064 U.S. Treasury—general account 3,028 - 592 + 542 Foreign-official accounts 238 - 23 + 21 Other (1) 659 + 401 - 25 Total deposits (1) 28,907 - 3,193 - 1,526 Deferred availability cash items ( 2,654) 8,942 + 1,423 + 1,568 Other liabilities and accrued dividends 4 1,806 + 22 - 726 TOTAL LIABILITIES (2,655) 181,757 - 2,909 + 9,947 CAPITAL ACCOUNTS Capital paid in 1,363 + 7 + 85 Surplus 1,359 + 81 + 81 Other capital accounts 191 - 168 "" 74 * 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 $1,047 million was outstanding at: the end of the latest statement week 2 Net of $1,036 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $175 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 $19 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. MATURITY DISTRIBUTION OF LOANS AND SECURITIES January 5, 1983 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 Loans Acceptances Holdings 1 Weekly changes" Holdings" | Weekly changes Within 15 days 392 4,940 2,717 "TUT 5^5 16 days to 90 days 16 28,964 1,315 577 + 13 91 days to 1 year 39,966 858 1,974 + 20 Over 1 year to 5 years 35,102 37 4,780 Over 5 years to 10 years 12,095 979 Over 10 years 16,574 518 Total 408 137,641 507 8,937 511 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 January 5, 1983 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco ASSETS f 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. 4,618^ 241 1,335 225 302 408 161 646 170 61 241 310 518 Coin 1 424 25 29 12 48 49 42 24 25 20 43 30 77 Loans 1 408 7 16 76 3 17 «. 50 13 10 23 159 34 Acceptances held under repurchase | agreements 1 -0- | -- •- — — -• — — — — — — — Federal agency obligations: Bought outright 1 8,937 413 2,811 298 590 758 227 1,268 301 113 422 606 1,130 Held under repurchase agreements 1 j -0- -- — — — — — — — — « — U.S. government securities: 8ought outright—Bills 56,459 2,609 17,759 1,882 3,726 4,790 1,437 8,013 1,901 711 2,667 3,827 7,137 Notes 62,626 2,894 19,700 2,037 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 2 137,641 6,360 43,296 4,587 9,084 11,679 3,503 19,534 4,634 1,734 6,502 9,330 17,398 HofcS under repurchase agreements 1 -0- -- ~ — — — — — — — — -- -_ Total U.S. government securities 137,641 6,360 43,296 4,587 9,084 11,679 3,503 19,534 4,634 U734 6,502 9,330 17,398 Total loans md securities 146,986 6,780 46,123 4,961 9,677 12,454 3,730 20,852 4,948 1,857 6,947 10,095 18,562 Cash stems in process of collection ! 14,282 266 1,159 285 466 2,588 2,344 1,233 838 638 1,691 1,243 1,531 Sank premises 549 97 25 51 27 110 34 19 15 27 24 16 104 Other assets 3 9,318 289 2,634 341 646 652 571 1,253 273 265 414 582 1,398 InterrSistrict settlement account -0- - 24 -1- 5,873 + 147 - 1,610 989 - 573 - 1,274 - 683 99 4 344 - 816 - 296 TOT ^L ASSETS 187,325 8,244 60,390 6,576 10,300 16,239 6,711 24,229 6,004 2,923 10,379 ~12,203 " 23,127 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 $ 1,047 million was outstanding at the end of the latest statement week. 2 Net of $ 1,036 million matched sale-purchase transactions outstanding at the end of the latest statement week, Includes $ 175 million securities loaned—fully secured by U.S. government securities. 3 Includes assets denominated in foreign currencies, revaiued monthly at market exchange rates. Includes special investment account at Chicago of $ 19 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 January 5, 1983 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 142,102 7,233 44,895 5,510 8,845 12,495 3,311 20,637 4,644 1,749 7,839 9,282 15,662 Deposits: Depository institutions 24,982 540 9,875 670 777 752 1,445 2,262 480 477 857 1,523 5,324 U.S. Treasury-general account 3,028 3,028 Foreign—official accounts 238 5 81 8 16 11 16 30 6 8 9 14 34 Other 660 17 588 1 1 21 1 23 3 2 3 Total deposits 28,908 562 13,572 679 794 784 1,462 2,315 486 485 869 1,539 5,36i Deferred availability cash items 11,596 286 751 192 320 2,636 1,659 603 727 561 1,446 1,049 1,366 Other liabilities and accrued dividends 1 1,806 93 442 66 129 163 57 277 64 28 92 130 265 TOTAL LIABILITIES 184,412 8,174 59,660 6,447 10,088 16,078 6,489 23,832 5,921 2,823 10,246 12,000 22,654 CAPITAL ACCOUNTS Capital paid in 1,363 35 332 63 99 72 109 185 38 49 62 95 224 Surplus 1,359 35 332 60 99 72 109 185 38 49 62 94 224 Other capital accounts 191 66 6 14 17 4 27 7 2 9 14 25 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 187,325 8,244 60,390 6,576 10,300 16,239 6,711 24,229 6,004 2,923 10,379 12,203 23,127 FEDERAL RESERVE AGENTS' ACCOUNTS F.ft. notes outstanding 159,524 8,031 47,824 7,501 9,442 13,655 5,454 22,025 5,429 2,198 8,947 11,009 18,009 Less-Held by F.R. Banks 17,422 798 2,929 1,991 597 1,160 2,143 1,388 785 449 1,108 1,727 2,347 F.R. notes, net " 142,102 7,233 44,$$5 5,510 8,845 12,495 3,311 20,637 4,644 1,749 7,839 9,282 15,662 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. 4,618 241 1,335 225 302 408 161 646 170 61 241 310 518 Other eligible assets 4 4 U.S. govt, and agency securities 126,332 6,422 40,348 4,731 7,799 11,120 2,748 18,515 4,056 1,534 6,919 8,229 13,911 Total collateral 142,102 7,233 44,895 5,510 8,845 12,495 3,311 20,637 4,644 1,749 7,839 9,282 15,662 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