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 4:15 p.m.EST January 14, 1983 [ Averages of daily figui es (millions of dollars) RRReeessseeerrrvvveeesss ooofff dddeeepppooosssiiitttooorrryyy iiinnnssstttiiitttuuutttiiiooonnnsss,,, || WWeeeekk eennddeedd Change from week ended ! Wednesday RRReeessseeerrrvvveee BBBaaannnkkk cccrrreeedddiiittt,,, aaannnddd rrreeelllaaattteeeddd iiittteeemmmsss jj JJaannuuaarryy 1122,, January 5, f January 13, January 12, 11998833 198T 198r Reserve Bank credit: 2 U.S, government securities- Bought outright-system account 135,464 871 + 8,141 135,574 Held under repurchase agreements 379 - 1,739 + 379 2,653 Federal agency obligations- Bought outright 8,937 — 163 8,937 Held under repurchase agreements 39 357 + 39 275 Acceptances- Bought outright — — — — Held under repurchase agreements 58 734 + 58 406 Loans to depository institutions 427 775 571 1,823 Includes: seasonal borrowing of 31 6 22 28 extended credit of 133 10 61 131 Float 2,945 149 1,214 2,459 Other F,R. assets 9,738 25 + 387 10,033 Total Reserve Bank credit 157,987 - 4,650 + 7,056 162,160 Gold stock 11,148 ~ 3 11,146 Special Drawing Rights certificate account 4,618 — + 1,300 4,618 Treasury currency outstanding 13,786 — + 93 13,786 Total Factors 187,538 - 4,651 + 8,445 191,710 Currency in circulation* 154,165 914 + 10,902 153,925 Treasury cash holdings* 435 + 5 12 435 Treasury deposits with F.R. Banks 2,915 1,273 154 2,753 Foreign deposits with F.R. Banks 257 18 273 271 Other deposits with F.R. Banks 657 360 + 177 581 Required clearing balances 449 + 13 + 324 449 Other F.R. liabilities and capital 4,881 14 498 4,858 163,758 2,561 + 10,464 163,272 Reserve balances with F.R. Banks3 23,779 2,090 2,020 28,438 Total vault cash 21,475 + 1,373 + 1,752 21,475 (a) Vault cash at institutions with required reserve balances 14,653 + 404 + 335 14,653 (b) Vault cash equal to required reserves at other institutions 2,949 + 532 + 550 2,949 (c) Surplus vault cash at other institutions4 3,873 + 437 + 867 3,873 Reserve balances + total vault cash3 45,254 717 268 49,913 Reserve balances + total vault cash used to satisfy reserve requirements5 41,381 - 1,154 1,135 46,040 Required reserves 40,924 467 1,249 40,924 Excess reserve balances at F.R. Banks 6 457 687 + 114 5,116 On January 12, 1983 , marketable U.S. Government securities held in custody bv the Federal Reserve Banks for foreign official and inter national accounts were $109,068 million, an increase of $2,871 million for the week. 1 Net of $2,907 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 2,365 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. Government securities. 2 Net of $2,779 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 2,779 million was with foreign official and international accounts. Includes $ 109 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 January 12, 1983 January 5, 1983 January 13, 1982 ASSETS Gold certificate account 11,146 - 2 - 5 Special Drawing Rights certif. acct. 4,618 — + 1,300 Coin 441 + 17 + 63 Loans 1,823 + 1,415 - 1,083 Acceptances- Held under repurchase aggreements 406 + 406 + 406 Federal agency abligations— Bought outright 8,937 — - 152 Held under repurchase agreements 1 275 + 275 + 275 U.S. government securities: Bought outright—Bil s 54,392 - 2,067 + 7,325 Notes 62,626 -- + 2,648 Bonds 1188,,555566 -- ++ 155 Total bought outright 2 113355,,557744 .. 2,067 ++ 10,128 Held under repurchase agreements 1 2.653 + 2,653 + 2,653 Total U.S. government securities 138,227 + 586 + 12,781 Total loans and securities 149,668 + 2,682 + 12,227 Cash items in process of collection ( 2,414) 9,830 - 1,797 - 1,964 Bank premises 549 — + 50 Other assets 3 9,484 + 166 + 56 TOTAL ASSETS (( 22,,441144)) 185,736 ++ 1,066 ++ 11,727 LIABILITIES Federal Reserve notes 141,015 - 1,087 + 10,965 Deposits: Depository institutions 28,888 + 3,906 + 641 U.S. Treasury-general account 2,753 - 275 - 482 Foreign—official accounts 271 + 33 - 4 Other 580 - 79 + 132 Total deposits 32,492 + 3,585 + 287 Deferred availability cash items ( 2,414) 7,371 - 1,571 + 923 Other liabilities and accrued dividends 4 1,858 + 52 - 591 TOTAL LIABILITIES ( 2,414) 182,736 + 979 + 11,584 CAPITAL ACCOUNTS Capital paid in 1,367 + 4 + 86 Surplus 1,359 — + 81 Other capital accounts 274 + 83 - 24 * 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 $2,779 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $109 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 12, 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 LLooaannss AAcccceeppttaanncceess Holdings | Weekly changes Holdings | Weekly changes Within 15 days 1,810 406 6,319 + 1,379 384 + 275 16 days to 90 days 13 — 28,248 - 716 764 + 187 91 days to 1 year — -- 39,889 - 77 1,837 137 Over 1 year to 5 years — •- 35,10)2 —- 4,730 50 Over 5 years to 10 years — .. 12*095 ::. ;•• — 979 .. Over 10 years — — 1166,,557744 551188 -- -- Total 1,823 406 113388,,222277 ++ ~~558866 ""99,,221122 + 275 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 12, 1983 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 Gold certificate account 11,146 570 3,210 554 744 967 402 1,476 418 154 675 743 1,233 Special Drawing Rights cert if. acct. 4,618 241 1,335 225 302 408 161 646 170 61 241 310 518 Coin 441 27 30 13 50 51 45 25 26 20 44 31 79 Loans 1,823 10 1,225 55 5 25 1 94 8 2 33 139 226 Acc a e g p re ta e n m c e e n s t s h eld under repurchase 406 — 406 — — -- — — - — — -- -- 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 1 275 275 U.S. government securities: Bought outright-Bills 54,392 2,513 17,109 1,813 3,590 4,615 1,385 7,719 1,831 685 2,570 3,687 6,875 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 2 135,574 6,264 42,646 4,518 8,948 11,504 3,451 19,240 4,564 1,708 6,405 9,190 17,136 Held under repurchase agreements 1 2,653 2,653 Total U.S. government securities 138,227 6,264 45,299 4,518 8,948 11,504 3.451 19,240 4,564 1,708 6,405 9,190 17.136 Total loans and securities 149,668 6,687 50,016 4,871 9,543 12,287 3,679 20,602 4,873 1,823 6,860 9,935 18,492 Cash items in process of collection 12,244 304 1,078 342 369 2,249 1,609 1,155 676 430 1,258 1,043 1,731 Bank premises 549 97 25 51 27 110 34 19 15 27 24 16 106 Other assets 3 9,484 302 2,766 372 622 571 579 1,264 272 259 431 612 1,434 Interdistrict settlement account -0- + 357 + 1,555 73 - 1,034 - 528 - 418 - 949 - 536 + 106 + 932 - 331 + 919 TOTAL ASSETS 188,150 8,585 60,015 6,355 10,623 16,115 6,091 24,238 5,914 2,880 10,465 12,359 24,510 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 $ 2,779 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 109 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. 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 12 , 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 141,015 7,159 45,067 5.425 8,719 12.329 2,985 20,514 4,595 1,726 7,785 9,221 15,490 Deposits: Depository institutions 28,888 925 9,499 517 1,278 1,242 1.592 2.453 559 619 1,241 1,954 7,009 U.S. Treasury-general account 2,753 — 2,753 — — — — — — — — — - Foreign—official accounts 271 4 158 7 11 8 12 20 4 5 7 10 25 Other 580 — 523 — — 28 1 22 — — 2 2 2 Total deposits 32,492 929 12,933 524 1.289 1,278 1.605 2,495 563 624 1,250 1.966 7,036 Deferred availability cash items 9,785 326 770 208 267 2,184 1.217 545 609 384 1,204 838 1,233 Other liabilities and accrued dividends 1 1,858 89 494 65 131 160 59 271 63 46 90 127 263 TOTAL LIABILITIES 185,150 8,503 59,264 6,222 10.406 15.951 5.866 23,825 5,830 2,780 10,329 12,152 24,022 CAPITAL ACCOUNTS Capital paid in 1,367 35 332 63 99 71 109 188 38 49 62 95 226 Surplus 1,359 35 332 60 99 72 109 185 38 49 62 94 224 Other capital accounts 274 12__ 87 10 19 21 7 40 8 2 12 18 38 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 188,150 8,585 60,015 6.355 10.623 16,115 6,091 24,238 5.914 2,880 10,465 12,359 24,510 FEDERAL RESERVE AGENTS' ACCOUNTS ".R. notes outstanding 159,540 8,055 47,987 7.448 9.467 13,600 5,310 22,127 5.399 2,254 8,900 10,960 18,033 Less-Held by F.R. Banks 18,525 896 2,920 2,023 748 1,271 2,325 1,613 804 528 1,115 1.739 2,543 F.R. notes, net 141.015 7,159 45,067 5.425 8,719 12,329 2,985 20,514 4,595 1.726 7,765 9,221 15,490 Collateral held against F.R. notes: Gold certificate account 11,146 570 3,210 554 744 967 402 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 46 — — — — — — — 46 — U.S. govt, and agency securities 125,205 6,348 40,522 4,646 7,673 10,954 2,422 18,392 4,007 1,511 6,823 8,168 13,739 Total collateral 141,015 7,159 45,067 5.425 8,719 12,329 2,985 20,514 4,595 1,726 7,785 9,221 15,490 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