H.4.1 Factors Affecting Reserve Balances of Depository Institutions

;o?cQft FEDERAL RESERVE '^fSrP??-- Factors Affecting Reserves of Depository Institutions and Condition Statement of F.R. Banks For Release at 4:15 p.m. E H4.1. January 21, 1983 r~~ Averages of daily figui -es (m illions of dollars) RReesseerrvveess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss,, WWeeeekk eennddeedd Change from week ended Wednesday RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss JJaannuuaarryy 1199,, January 12, January 20, January 19, IQfH IQft^ 1QK7 1Q«3 Reserve Bank credit: 1 2 U.S. government securities- Bought outright—system account 136,210 + 746 + 10,773 135,510 Held under repurchase agreements 287 - 92 - 129 2,009 Federal agency obligations- Bought outright 8,937 — - 145 8,937 Held under repurchase agreements 7 - 32 - 16 48 Acceptances- Bought outright — — — — Held under repurchase agreements 55 - 3 - 5 385 Loans to depository institutions 467 + 40 - 484 2,186 includes: seasonal borrowing of 30 - 1 - 40 29 extended credit of 113 - 20 - 82 111 Float 1,821 - 1,141 - 4,977 1,956 Other F.R, assets 10,259 + 521 + 751 10,229 Total Reserve Bank credit 158,043 + 39 + 5,767 161,260 Gold stock 11,146 - 2 ~ 5 11,146 Special Drawing Rights certificate account 4,618 — + 1,300 4,618 Treasury currency outstanding 13,786 — +_ 86 13,786 Total Factors 187,593 ^r 38 + 7,148 190,810 Currency in circulation* 152,616 - 1,549 + 10,738 152,191 Treasury cash holdings* 435 — - 13 435 Treasury deposits with F.R, Banks 3,115 + 200 - 597 3,468 Foreign deposits with F.R. Banks 273 + 16 - 61 270 Other deposits with P.R. Banks 589 - 68 + 119 545 Required clearing balances 460 + 11 + 332 460 Other F.R. liabilities and capital 4,927 +_ 46 - 464 4,857 162,416 - 1,342 + 10,056 162,226 Reserve balances with F.R. Banks'* 25,177 + 1,381 ,_ 2,908 28,584 Total vault cash 22,168 + 693 + 1,188 22,168 (a) Vault cash at institutions with required reserve balances 14,968 + 315 + 509 14,968 (b) Vault cash equal to required reserves at other institutions 2,917 - 32 + 629 2,917 (c) Surplus vault cash at other institutions4 4,283 + 410 + 50 4,283 Reserve balances + total vault cash3 47,345 + 2,074 - 1,720 50,752 Reserve balances + total vault cash used to satisfy reserve requirements 3 43,062 + 1,664 - 1,770 46,469 RReeqquuiirreedd rreesseerrvveess ffii 42,468 + 1,544 - 1,831 42,468 EExxcceessss rreesseerrvvee bbaallaanncceess aatt FF..RR.. BBaannkkss 594 + 120 +__ 61 4,001 On January 19, 1983 marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter t national accounts were $ 110,215 million, an increase of $1,147 million for the week. 1 Net of $ 2,144 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 2,144million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. Net of $ 2,843 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 2,843 million was with foreign official and international accounts. Includes $ 65 million securities loaned-fully secured by U.S. Government securities. Exclude required clearing balances. 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 (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 Wednesday January 19, 1983 January 12, 1983 January 20, 1982 ASSETS Gold certificate account 11,146 — - 5 Special Drawing Rights certif. acct. 4,618 — + 1,300 Coin 459 + 18 + 67 Loans 2,186 + 363 - 1,496 Acceptances- Held under repurchase aggreements 385 - 21 - 32 Federal agency abligations— Bought outright 8,937 — - 120 Held under repurchase agreements 1 48 - 227 - 112 U.S. government securities: Bought outright-B lis 54,328 - 64 + 7,835 Notes 62,626 — + 2,648 Bonds 1188,,555566 -- ++ 155 Total bought outright 2 113355,,551100 —— 64 ++ 10,638 Held under repurchase agreements 1 2,009 - 644 - 906 Total U.S. government securities 137,519 - 708" + 9,732 Total loans and securities 149,075 - 593" + 7,972 Cash items in process of collection (4,124) 10,121 + 291 - 4,307 Bank premises 550 + 1 + 50 Other assets 3 9,679 + 195 + 95 TOTAL ASSETS (4,124) 185,648 - 88" + 5,172 LIABILITIES Federal Reserve notes 139,299 - 1,716 + 10,716 Deposits: Depository institutions 29,045 + 157 - 5,259 U.S. Treasury—gen era I account 3,468 + 715 - 193 Foreign—official accounts 270 - 1 + 6 Other (1,501) 544 - 36 + 1 Total deposits (1,501) 33,327 + 835~ - 5,445 Deferred availability cash items ( 2,623) 8,165 + 794 + 316 Other liabilities and accrued dividends 4 1,837 - 21 - 588 TOTAL LIABILITIES (4,124) 182,628 - 108"" + 4,999 CAPITAL ACCOUNTS Capital paid in 1,374 + 7 + 90 Surplus 1,359 -- + 81 Other capital accounts 287 + 13 + 2 * 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 $2,843 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $65 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 $28 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 19, 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 2,170 385 5,442 - 877 256 128 16 days to 90 days 16 -- 28,597 + 349 665 99 91 days to 1 year -- -- 39,709 - 180 1,837 — Over 1 year to 5 years — -- 35,106 + 4 4,730 -- Over 5 years to 10 years -- -- 12,091 - 4 979 -- Over 10 years — -- 1166,,557744 — 551188 -- .. Total 2,186 385 113377,,551199 708 88,,998855 227 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 19, 1983 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco ASSETS Gold certificate account U,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 Coin 459 28 31 15 53 54 49 26 23 21 46 33 80 Loans 2,186 11 1,545 3 5 29 18 325 7 83 42 117 1 Acceptances held under repurchase agreements 385 385 Federal agency obligations: Bought outright 8,937 413 2,811 298 590 758 227 1,268 301 113 422 606 J, 130 Held under repurchase agreements 1 48 -- 48 -- -- -- -- -- -- -- -- -- .. U.S. government securities: Bought outright—Bills 54,328 2,510 17,089 1,811 3,586 4,609 1,383 7,711 1,829 684 2,567 3,682 6,867 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 2 135,510 6,261 42,626 4,516 8,944 11,498 3,449 19,232 4,562 1 ,707 6,402 9,185 17,128 Held under repurchase agreements 1 2,009 -- 2,009 -- -- -- -- -- -- ... -- ... -- Total U.S. government securities 137,519 6,261 44,635 4,516 8,944 11,498 3,449 19,232 4,562 1 ,707 6,402 9,185 17,128 Total loans and securities 149,075 6,685 49,424 4,817 9,539 12,285 3,694 20,825 4,870 1 ,903 6,866 9,908 18,259 Cash items in process of collection 14,245 425 1,407 455 602 2,481 1,681 1,314 801 294 1,246 1,786 1,753 Bank premises 550 97 25 51 27 111 34 19 15 27 24 16 104 Other assets 3 9,679 306 2,755 392 634 585 596 1,338 277 268 439 660 1,429 Interdistrict settlement account -0- + 36 + 78 + 216 - 1,452 - 550 - 546 - 597 - 525 + 71 + 770 + 591 + 1,908 TOTAL ASSETS 189,772 8,383 58,265 6,725 10,449 16,341 6,071 25,047 6,049 2 ,799 10,307 14,047 25,284 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 $ 2,843 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 65 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 $ 28 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 19, 1983 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dalias Francisco LIABILITIES Federal Reserve notes 139,299 7,133 44,901 5,406 8,519 12,324 2,903 20,061 4,488 1,720 7,597 8,8^2 15,355 Deposits: Depository institutions 29,045 692 7,251 802 1,194 1,341 1,632 3,722 758 565 1,190 2,396 7,502 U.S. Treasury—general account 3,468 — 3,468 »_ — — -_ — — _.„ Foreign—official accounts 270 4 156 7 11 8 12 21 4 5 7 10 25 Other 2,045 — 477 1 1 29 1 33 — — 2 1,500 1 Total deposits 34,828 696 11,352 810 1,206 1,378 1,645 3,776 762 570 1,199 3,90b 7,528 Deferred availability cash items 10,788 389 794 310 382 2,312 1,183 524 653 382 1,287 9U 1,658 Other liabilities and accrued dividends 1 1,837 88 456 64 112255 116633 111155 227711 6622 2266 8888 112255 254 TOTAL LIABILITIES 186,752 8,306 57,503 6,590 1100,,223322 1166,,117777 55,,884466 2244,,663322 55,,996655 22,,669988 1100,,117711 ""1133,,883377 24,795 CAPITAL ACCOUNTS Capital paid in 1,374 35 338 63 99 71 109 188 38 49 62 96 226 Surplus 1,359 35 332 60 99 72 109 185 38 49 62 94 274 Other capital accounts 287 12 92 12 19 21 7 42 8 33 1122 2200 39 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 189,772 8,388 58,265 6,725 10,449 16,341 6,071 25,047 6,049 2,799 10,307 14.C47 25,284 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 160,045 8,150 48,098 7,514 9,403 13,754 5,516 21,921 5,403 2,308 8,946 10,852 18,180 Less-Held by F.R. Banks 20,746 1,017 3,197 2,108 884 1,430 2,613 1,860 915 588 1,349 1,960 2,825 F.R. notes, net 139,299 7,133 44,901 5,406 8,519 12,324 2,903 20,061 4,488 1,720 7,597 8,892 15,355 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 -0- — — — __ __ __ — — — — — _„ U.S. govt, and agency securities 123,535 6,322 40,356 4,627 7,473 10,949 2,340 17,939 3,900 1,505 6,681 7,839 13,604 Total collateral 139,299 7,133 44/901 5,406 8,519 12,324 2,903 20,061 4,488 1,720 7,597 8,892 15,355 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