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 February 4, 1983 Averages of daily figures (millions of dollars) RRReeessseeerrrvvveeesss ooofff dddeeepppooosssiiitttooorrryyy iiinnnssstttiiitttuuutttiiiooonnnsss,,, WWeeeekk eennddeedd Change from week ended Wednesday RRReeessseeerrrvvveee BBBaaannnkkk cccrrreeedddiiittt,,, aaannnddd rrreeelllaaattteeeddd iiittteeemmmsss FFeebbrruuaarryy 22,, January 26, 1 February 3, February 2, 1983 IQft^ 1Qft7 iQ*n Reserve Bank credit: 1 2 U.S. government securities- Bought outright—system account 132,579 1,160 + 7,239 134,529 Heid under repurchase agreements — 298 - 3,676 — Federal agency obligations- Bought outright 8,927 1 129 8,924 Held under repurchase agreements — 18 150 — Acceptances- Bought outright — — — — Held under repurchase agreements — 21 466 — Loans to depository institutions .385 + 57 - 1,466 533 includes: seasonal borrowing of 37 + 3 73 35 extended credit of ,211 + 14 1 210 Float 2,132 259 589 2,639 Other F.R. assets 9,747 314 + 150 9,834 Total Reserve Bank credit 153,770 2,015 + 913 156,459 Gold stock 11,144 — 7 11,144 Special Drawing Rights certificate account 4,618 + 1,229 4,618 Treasury currency outstanding 13,786 — 270 13,786 Total Factors 183,318 2,015 + 1,865 186,007 Currency in circulation* 150,580 608 + 10,287 151,126 Treasury cash holdings* 446 + 3 11 450 Treasury deposits with F.R. Banks 2,431 1,478 - 5,432 3,322 Foreign deposits with F.R. Banks 267 + 46 47 226 Other deposits with F.R. Banks 596 6 + 121 635 Required clearing balances 478 + 1 + 343 478 Other F.R, liabilities and capital 4,818 47 656 4,601 159,616 2,089 + 4,605 160,838 Reserve balances with F.R. Banks3 23,701 + 74 - 2,742 25,168 Total vault cash 21,229 608 + 780 21,229 (a) Vault cash at institutions with required reserve balances 14,647 387 + 592 14,647 (b) Vault cash equal to required reserves at other institutions 2,600 118 + 314 2,600 (c) Surplus vault cash at other institutions4 3,982 103 126 3,982 Reserve balances + total vault cash3 44,930 534 - 1,962 46,397 Reserve balances + total vault cash used to satisfy reserve requirements5 40,948 431 - 1,836 42,415 RReeqquuiirreedd rreesseerrvveess ,, 40,502 539 - 1,798 40,502 EExxcceessss rreesseerrvvee bbaallaanncceess aatt FF..RR.. BBaannkkss 446 + 108 38 1,913 On February 2, 1983 , marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter national accounts were $ 112,188 million, an increase of $826 million for the week. 1 Net of $ 3»754 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,754 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. Government securities. 2 Net of $1,548 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 1,548 million was with foreign official and international accounts. Includes $ 159 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 Wednesday Wednesday February 2, 1983 January 26. 198T February 1x 1 Qft? ASSETS Gold certificate account 11,144 — 7 Special Drawing Rights certif. acct. 4,618 ~ + ;L,050 Coin 508 + 18 + 92 Loans .^33 + 44 - 1,267 Acceptances- Held under repurchase aggreements _.. _ 148 - 596 Federal agency obligations— Bought outright 8,924 - 4 - 130 Held under repurchase agreements 1 — - 129 406 U.S. government securities: Bought outright-Bills 53,347 + 1,408 + 6,138 Notes 62,626 «-- + 2,648 Bonds 1188,,555566 *.- + 155 Total bought outright 2 113344,,552299 T"1 ,408 + 8,941 Held under repurchase agreements 1 — **--22,,008855 • 7,354 Total U.S. government securities 134,529 667777 + 1,587 Total loans and securities 143,986 "zr 914 - 812 Cash items in process of collection ( 2,355) 9,989 + 1,157 - 244 Bank premises 551 - 1 + 49 Other assets 3 9,283 - 154 + 76 TOTAL ASSETS (( 22,,335555 )) 180,079 +" 106 + 204 LIABILITIES Federal Reserve notes 138,299 + 57 +10,772 Deposits: Depository institutions 25,647 ^_1 ,784 - 8,531 U.S. Treasury-gen era I account 3,322 + 1,182 •>- 2,254 Foreign—official accounts 226 + 9 48 Other (2) 634 + 35 + 118 Total deposits / (2) \ 29,829 _ 558 -10,715 Deferred availability cash items { 2,353 ' 7,350 + 734 + 986 Other liabilities and accrued dividends 4 1.669 36 958 TOTAL LIABILITIES (2,355) 177,147 +~ 197 + 85" CAPITAL ACCOUNTS | Capital paid in 1,382 + 6 + 95 Surplus 1,359 .-— + 81 Other capital accounts 191 - 97 57 * 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 $1,443 million was outstanding at the end of the latest statement week • 2 Net of $1 548 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $159 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 $35 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. 6 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, FEBRUARY 2, 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 517 — 6,145 + 941 -0- -228 16 days to 90 days 16 — 25,567 -2,378 800 +110 91 days to 1 year — — 39,060 + 774 1,928 - 29 Over 1 year to 5 years -,- — 35,092 - 14 4,736 + 21 Over 5 years to 10 years «f- — 12,091 ,-.- 942 - 7 Over 10 years 1166,,557744 — 551188 Total 553333 ~~ 113344,,552299 - 677 88,,992244 -133 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 February 2, 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 1,476 418 154 675 743 1,233 Special Drawing Rights certif. acct. 4,618 241 1,335 225 302 408 161 646 170 61 241 310 518 Coin 508 31 33 18 58 59 54 30 29 22 50 36 88 Loans 533 8 11 54 53 53 1 58 12 5 32 230 16 Acceptances held under repurchase agreements -0- Federal agency obligations: Bought outright 8,924 412 2,807 297 589 757 227 1,267 300 113 422 605 1,128 Held under repurchase agreements 1 -0- U.S. government securities: Bought outright—Bills 53,347 2,465 16,780 1,778 3,521 4,526 1,358 7,572 1,796 672 2,520 3,616 6,743 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 TToottaall bboouugghhtt oouuttrriigghhtt 22 134,529 6,216 42,317 4,483 8,879 11,415 3,424 19,093 4,529 1,695 6,355 9,119 17,004 HHeelldd uunnddeerr rreeppuurrcchhaassee aaggrreeeemmeennttss 11 -0- TToottaall UU..SS.. ggoovveerrnnmmeenntt sseeccuurriittiieess 134.529 6,216 42,317 4,483 8,879 11,415 3,424 19*993 4j529 1,695 __6*355_ _ _ 9,119 17,004 Total loans and securities 143,986 6,636 45,135 4,834 9,521 12,225 3,652 20,418 4,841 1,813 6,809 9,954 18,148 Cash items in process of collection 12,344 290 739 346 338 2,400 1,653 1,312 638 466 1,437 1,314 1,411 Bank premises 551 97 25 51 27 110 34 19 15 .27 24 16 106 Other assets 3 9,283 301 2,631 352 612 570 581 1,264 290 242 425 601 1,414 Interdistrict settlement account -0- + 174 +6.715 - 127 -1.292 - 555 -1.221 -1,182 -646 +78 + 177 -901 -1,220 TOTAL ASSETS 182,434 8,340 59,821 6,253 10,310 16,184 5,316 23,983 5,755 2,863 9,838 12,073 21,698 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 $ 1,443 million was outstanding at the end of the latest statement week. 2 Net of $ 1,548 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 159 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 $ 35 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 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City Francisco LIABILITIES Federal Reserve notes 138,299 7,085 44,952 5,311 8,461 12,432 2,503 20,007 4,466 1,725 7,421 8,756 15,180 Deposits: Depository institutions 25,647 768 9,064 558 1,282 1,102 1,356 2,748 606 615 1,095 1,962 4,491 U.S. Treasury—general account 3,322 3,322 Foreign—official accounts 226 4 113 7 11 8 12 20 4 5 7 10 25 Other 636 1 557 1 1 29 1 40 1 2 2 1 Total deposits 29,831 773 13,056 566 1,294 1,139 1,369 2,808 611 620 1,104 1,974 4,517 Deferred availability cash items 9,703 315 672 187 225 2,303 1,171 513 525 395 1,097 1,016 1,284 Other liabilities and accrued dividends 1 1.669 84 404 60 121 150 53 254 69 25 85 119 245 TTOOTTAALL LLIIAABBIILLIITTIIEESS 179,502 8,257 59,084 6,124 10,101 16,024 5,096 23,582 5,671 2,765 9,707 11,865 21,226 CCAAPPIITTAALL AACCCCOOUUNNTTSS CCaappiittaall ppaaiidd iinn 1,382 38 340 63 99 71 110 188 39 49 62 96 227 SSuurrpplluuss 1,359 35 332 60 99 72 109 185 38 49 62 94 224 OOtthheerr ccaappiittaall aaccccoouunnttss 191 10 65 6 11 17 1 28 7 7 18 21 TTOOTTAALL LLIIAABBIILLIITTIIEESS AANNDD CCAAPPIITTAALL AACCCCOOUUNNTTSS 182,434 8,340 59,821 6,253 10,310 16,184 5,316 23,983 5,755 2,863 9,838 12,073 21,698 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 159,621 8,210 48,229 7,421 9,417 13,814 5,129 21,983 5,354 2,303 8,899 10,787 18,075 Less-Held by F.R. Banks 21.322 1.125 3.277 2.110 956 1,382 2,626 1,976 888 578 1,478 2,031 2,895 F.R. notes, net 138,299 7,085 44,952 5,311 8,461 12,432 2,503 20,007 4,466 1,725 7,421 8,756 15,180 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 122,537 6,274 40,409 4,532 7,415 11,057 1,940 17,885 3,878 1,510 6,505 7,703 13,429 Total collateral 138,299 7,085 44,952 5,311 8,461 12,432 2,503 20,007 4,466 1,725 7,421 8,756 15,180 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