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. E.S.T January 26 , 1983 Averages of daily figures (millions of dollars) RReesseerrvveess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss,, WWeeeekk eennddeedd Change from week ended Wednesday RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss JJaannuuaarryy 2266,, January 19, January 27, January 26, ** IQftV Reserve Bank credit: 1 2 U.S. government securit es— Bought outright-system account 133,739 2,471 + 8,948 133,121 Held under repurchase agreements 298 + 11 1,054 2,085 Federal agency obligations- Bought outright 8,928 9 130 8,928 Held under repurchase agreements 18 + 11 27 129 Acceptances- Bought outright — — — Held under repurchase agreements 21 34 165 148 Loans to depository institutions 328 139 2,141 489 Includes: seasonal borrowing of 34 + 4 62 41 extended credit of 197 + 84 2 211 Float 2,598 + 665 971 2,216 Other F.R. assets 10,061 198 + 446 9,989 Total Reserve Bank credit 155,992 2,163 + 4,906 157,105 Gold stock 11,144 2 7 11,144 Special Drawing Rights certificate account 4,618 — + 1,300 4,618 Treasury currency outstanding 13,786 — + 81 13,786 Total Factors 185,540 2,165 + 6,280 186,653 Currency in circulation* 151,196 1,420 + 10s750 151,102 Treasury cash holdings* 435 — 14 435 Treasury deposits with F.R. Banks 3,909 + 794 2,238 2,140 Foreign deposits with F.R. Banks 221 52 71 217 Other deposits with F.R. Banks 602 + 13 + 154 609 Required clearing balances 477 + 17 + 346 477 Other F.R. liabilities and capital 4,865 62 404 4,728 161,705 711 + 8,524 159,708 Reserve balances with F.R. Banks3 23,834 1,455 2,244 26,944 Total V3u!t cash 21,837 331 + 828 21,837 (a) Vault cash at institutions with required reserve balances 15,042 + 74 + 537 15,042 (b) Vault cash equal to required reserves at other institutions 2,718 199 + 400 2,718 (c) Surplus vault cash at other institutions4 4,077 206 109 4,077 Reserve balances + total vault cash 3 45,671 1,786 1,416 48,781 Reserve balances + total vault cash used to satisfy reserve requirements 41,594 1,580 1,307 44,704 Required reserves 41,041 1,460 1,663 41,041 Excess reserve balances at F.R. Banks 553 120 + 356 3,663 On January 26, 1983 , marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter national accounts were $ 111,362 million, an increase of $1,147 million for the week. 1 Net of $ 3,719 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $3,719 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. Government securities. 2 Net of $3,964 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 3,964 million was with foreign official and international accounts. Includes $ 250 million securities loaned-fully secured by U.S. Government securities. 3 Exclude required clearing balances. 4 Total v<»uit 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 Wednesday Wednesday January 26, 1983 January 19, 1983 January 27, 1982 ASSETS Gold certificate account 11,144 - 2 - 7 Special Drawing Rights certif. acct. 4,618 .- + 1,300 Coin 490 + 31 -f 80 Loans 489 - 1,697 - 4,620 Acceptances- Held under repurchase aggreements 148 - 237 - 220 Federal agency abligations— Bought outright 8,928 - 9 - 129 Held under repurchase agreements 1 129 + 81 + 27 U.S. government securities: Bought outright-Bills 51,939 - 2,389 •+• 3,777 Notes 62,626 — + 2,648 Bonds 1188,,555566 — ++ ^^ 155 ««.. Total bought outright 2 113333,,112211 2,389 6,580 Held under repurchase agreements 1 2,085 + 76 - 421 m Total U.S. government securities 135,206 - ] 2,313 + \ 6,159 Total loans and securities 144,900 - 4,175 + " 1,217 Cash items in process of collection (2,313 ) 8,832 - 1,289 4- 1,849 Bank premises 552 + 2 + 50 Other assets 3 9,437 - 242 + 294 m TOTAL ASSETS (2,313 ) 179,973 - 5,675 4- " 4,783 LIABILITIES Federal Reserve notes 138,242 - 1,057 , ' 4- 10,733 Deposits: Depository institutions 27,431 - 1,614 ' - 2,003 U.S. Treasury-general account 2,140 - 1,328 - 5,029 Foreign-official accounts 217 - 53 . 129 Other (1) 599 + m 55 4- _ 162 Total deposits , (1) . 30,387 - 2,940 - 6,999 Deferred availability cash items (2,312 ) 6,616 - 1,549 + 1,365 Other liabilities and accrued dividends 4 1,705 . 132 „ 491 TOTAL LIABILITIES (2,313 ) 176,950 5,678 4- " 4,608 CAPITAL ACCOUNTS Capital paid in 1,376 + 2 + 90 Surplus 1,359 „• + 81 Other capital accounts 288 + 1 4- 4 * 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 $3,964 million matched sale-purchase transactions outstanding at the end of the latest statement week Includes S250 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 $33 million in Treasury Bills maturing within 90 days. 4 Includes exchange-translation accourit reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. MATURITY DISTRIBUTION OF LOANS AND SECURITIES January 26, 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 I Weekly changes Holdings J Weekly changes Within 15 days 470 148 5,204 • 238 228 . 28 16 days to 90 days 19 -- 27,945 - 652 690 + 25 91 days to 1 year _- — 38,286 - 1,423 1,957 + 120 Over 1 year to 5 years -- — 35,106 -. 4,715 • 15 Over 5 years to 10 years — -- 12,091 -- 949 - 30 Over 10 years 1166..557744 — 551188 -- Total 448899"" uuTT 113355,,220066 „„ 2,313 99,,005577 ++ 72 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 26, 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 11,144 570 3,208 554 744 967 402 1,476 418 154 6 75 743 1,233 Special Drawing Rights certif. acct. 4,618 241 1,335 225 302 408 161 646 170 61 241 310 518 Coin 490 30 32 17 55 57 52 29 28 22 49 35 84 Loans 489 12 9 33 3 69 8 45 15 7 46 216 26 Acceptances held under repurchase agreements 148 -- 148 -- -- -- -- -- -- " -- -- Federal agency obligations: Bought outright 8,928 413 2,808 297 589 758 227 1,267 301 112 422 605 1,129 Held under repurchase agreements ' 129 -- 129 -- -- -- -- -- -- -- -- -- -- U.S. government securities: Bought outright-Bills 51,939 2,400 16,337 1,731 3,428 4,406 1,322 7,372 1,749 655 2,454 3,520 6,56 5 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 2 133,121 6,151 41,874 4,436 8,786 11,295 3,388 18,893 4,482 1,678 6,289 9,023 16,826 Held under repurchase agreements 1 2,085 -- 2,085 -- -- -- -- -- -- -- -- -- -- Total U.S. government securities 135,206 6,151 43,959 4,436 8,786 11.295 3,388 18,893 4,482 1,678 6,289 9,023 16,826 Total loans and securities 144,900 i 6,576 47,053 4,766 9,378 12,122 3,623 20,205 4,798 1,797 6,757 9,844 17,981 Cash items in process df collection 11,145 310 659 290 390 2,106 1,722 1,067 644 404 1,071 1,303 1,179 Bank premises 552 97 25 51 27 110 34 19 15 27 24 16 107 Other assets 3 9,437 303 2,750 361 620 582 596 1,261 284 245 425 608 1,402 Interdistrict settlement account -0- + 424 •4-3,206 + 302 - 1,346 624 - 864 739 - 439 + 57 + 579 - 497 59 TOTAL ASSETS 182,286 8,551 58,268 6,566 10,170 15,728 5,726 23,964 5,918 2,767 9,821 12,362 22,445 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 $ 3,964 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 25° 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 $ 33 million in Treasury Bills maturing within 90 days. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

HA.Uc) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON Jani Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 138,242 7,109 44,872 5,338 8,437 12,322 2,602 19,963 4,447 1,721 7,419 8,784 15,228 Deposits: Depository institutions 27,431 988 8,771 852 1,182 1,033 1,708 2,766 813 580 1,163 2,113 5,462 U.S. Treasury—general account 2,140 2,140 Foreign-official accounts 217 4 104 7 11 8 12 20 4 5 7 10 25 Other 600 1 533 1 21 1 38 1 2 1 1 Total deposits 30,388 993 11,548 859 1,194 1,062 1,721 2,824 817 586 1,172 2,124 5,488 Deferred availability cash items 8,928 283 644 175 202 2,029 1,107 504 509 335 1,011 1,136 993 Other liabilities and accrued dividends 1 1,705 84 430 60 120 150 73 258 60 24 84 113 249 TOTAL LIABILITIES 179,263 8,469 57,494 6,432 9,953 15,563 5,503 23,549 5,833 2,666 9,686 12,157 21,958 CAPITAL ACCOUNTS Capital paid in 1,376 35 340 63 99 70 109 188 38 49 62 96 227 Surplus 1,359 35 332 60 99 72 109 185 38 49 62 94 224 Other capital accounts 288 12 102 11 19 23 5 42 9 3 11 15 36 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 182,286 8,551 58,268 6,566 10,170 15,728 5,726 23,964 5,918 2,767 9,821 12,362 22,445 FEDERAL RESERVE AGENTS- ACCOUNTS F.R. notes outstanding 159,988 8,190 48,199 7,471 9,408 13.798 5,310 21,915 5,388 2,312 8,946 10,853 18,198 Less-Held by F.R. Banks 21,746 1,081 3,327 2,133 971 1,476 2,708 1,952 941 591 1,527 2,069 2,970 F.R. notes, net 138,242 7,109 44,872 5,338 8,437 12,322 2,602 19,963 4,447 1,721 7,419 8,784 15,228 Collateral held against F.R. notes: Gold certificate account 11,144 570 3,208 554 744 967 402 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 122,480 6,298 40,329 4,559 7,391 10,947 2,039 17,841 3,859 1,506 6,503 7,731 13,477 Total collateral 138,242 7,109 44,872 5,338 8,437 12,322 2,602 19,963 4,447 1,721 7,419 8,784 15,228 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