H.4.1 Factors Affecting Reserve Balances of Depository Institutions

isSs&v FEDERAL RESERVE Factors Affecting Reserves of Depository Institutions and ••.T«WV Condition Statement of F.R. Banks For Release at 4:15 p.m. EST H.4.1. February 25, 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 2233,, February lb, 1 February 24, February 23, 1Q8T 1Q81 1Q82 1 1983 Reserve Bank credit: _ 2 U.S. government securities- Bought outright-system account | 134,771 + 938 + 8,074 133,965 Held under repurchase agreements 1,671 + 1,671 + 897 I 4,165 Federal agency obligations- Bought outright 8,924 — " 116 8,924 Held under repurchase agreements 85 + 85 + 42 139 Acceptances- Bought outright — — — — Held under repurchase agreements 68 + 68 + 13 245 Loans to depository institutions 476 - 393 - 1,426 467 Includes: seasonal borrowing of 45 + 6 " 101 46 extended credit of 335 + 61 + 113 316 Float 1,665 - 1,001 - 2,378 2,658 Other F.R. assets 8,858 - 807 + 36 9,189 Total Reserve Bank credit 156,518 + 562 + 5,142 159,752 Gold stock 11,139 - 4 - 11 11,139 Special Drawing Rights certificate account 4,618 — + 1,050 4,618 Treasury currency outstanding 13,786 — + 76 13,786 Total Factors 186,061 + 557 + 6,257 189,295 Currency in circulation* 151,894 + 43 + 11,430 152,527 Treasury cash holdings* 450 — - 20 450 Treasury deposits with F.R. Banks 3,221 - 50 - 3,472 2,643 Foreign deposits with F.R. Banks 210 - 36 - 66 210 Other deposits with F.R. Banks 506 - 39 + 75 504 Required clearing balances 522 + 18 + 371 522 Other F.R. liabilities and capital 4,770 1 - 22 - 436 4,706 161,574 - 86 + 7,882 161,562 Reserve balances with F.R. Banks0 24,487 1 + 644 - 1,625 27,733 Total vault cash 18,680 - 1,706 + 525 18,680 (a) Vault cash at institutions with required reserve balances 13,217 - 555 + 755 13,217 (b) Vault cash equal to required reserves at other institutions 2,086 - 573 - 3 i 2,086 (c) Surplus vault cash at other institutions4 3,377 - 578 - 227 3,377 Reserve balances + total vault cash3 43,167 - 1,062 - 1,100 46,413 Reserve balances + total vault cash used to satisfy reserve requirements5 39,790 - 484 - 873 43,036 RReeqquuiirreedd rreesseerrvveess 39,390 - 26 - 1,270 39,390 EExxcceessss rreesseerrvvee bbaallaanncceess aatt FF..RR.. BBaannkkss [[ 400 1 - 458 | + 397 J 3,646 On February 23, 1983 marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter # national accounts were $ 112 »441 million, a decrease of $ 810 million for the week. 1 Net of $1,233 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 1,233 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. Government securities. 2 Net of $ 2,420million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 2,420 million was with foreign official and international accounts. Includes $ 57 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 eoual 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

H4.1 (a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS Millions of dollars Change since ••** WWeeddnneessddaayy Wedn esday Wedne sday February 23, 1983 February 16, 1983 Februa ry 24, 1982 ASSETS Gold certificate account 11,139 - 3 - 11 Special Drawing Rights certif. acct. 4,618 -- + 1,050 Coin 505 - 5 4- 66 Loans 467 - 3,051 - 947 Acceptances- Held under repurchase aggreements 245 + 245 + 245 Federal agency abligations— Bought outright 8,924 -- - 107 Held under repurchase agreements 1 139 + 139 + 139 U.S. government securities: Bought outright—Bills 52,783 - 173 + 4,982 Notes 62,187 ... + 1,828 Bonds 1188,,999955 ... ++ 905 Total bought outright 2 113333,,996655 —— 173 ++ 7,715 Held under repurchase agreements 1 4,165 + 4,165 + 4,165 Total U.S. government securities 138,130 4- 3,992 + 11,880 Total loans and securities 147,905 + 1,325" + 11,210 Cash items in process of collection ( 8,967) 12,413 + 2,492 + 4,366 Bank premises 552 - 1 + 47 Other assets 3 8,637 + 409 + 187 TOTAL ASSETS ( 8,967) 185,769 + 4,217 + 16,915 LIABILITIES Federal Reserve notes 139,696 + 303 + 12,089 Deposits: Depository institutions 28,256 + 2,757 + 3,351 U.S. Treasury—general account 2,643 - 1,414 - 2,500 Foreign—official accounts 210 + 13 - 54 Other (5,715) 503 - 20 + 153 Total deposits (5,715) 31,612 + 1,336 + 950 Deferred availability cash items ( 3,252) 9,755 + 2,524 + 4,108 Other liabilities and accrued dividends 4 1,639 + 36 - 422 TOTAL LIABILITIES ( 8,967) 182,702 + 4,199 + 16,725 CAPITAL ACCOUNTS Capital paid in 1,387 + 2 + 97 Surplus 1,359 -- + 81 Other capital accounts 321 + 16 + 12 * 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 $2,420 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $57 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 $31 million in Treasury Bills maturing within 9 0days. 4 Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. MATURITY DISTRIBUTION OF LOANS AND SECURITIES February 23, 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 | Weekly changef Holdings" Weekly changes Within 15 days 458 245 10,288 4- 3,990 495 297 16 days to 90 days 9 25,992 + 1,289 570 158 91 days to 1 year 39,818 - 1,287 1,920 Over 1 year to 5 years 32,279 4,618 Over 5 years to 10 years 12,970 942 Over 10 years 16,783 518 Total SSF 24T 138,130 3,992 9,063 139 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 23, 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 11,139 570 3,203 554 744 967 402 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 505 33 32 17 60 60 46 31 30 23 52 37 84 Loans 467 13 6 15 10 6 44 21 17 2 28 295 10 Acceptances held under repurchase agreements 245 -- 245 -- -- -- — .. -- -- -- -- -- 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 1 139 -- 139 -- — -- -- -- -- -- -- -- -- U.S. government securities: Bought outright-Bills 52,783 2,438 16,604 1,760 3,483 4,478 1,344 7,490 1,777 665 2,494 3,578 6,672 Notes 62,187 2,873 19,561 2,072 4,104 5,277 1,583 8,826 2,094 784 2,938 4,215 7,860 Bonds 18,995 878 5,975 633 1,254 1,612 483 2,696 639 239 897 1,288 2,401 Total bought outright 2 133,965 6,189 42,140 4,465 8,841 11,367 3,410 19,012 4,510 1,688 6,329 9,081 16,933 Held under repurchase agreements 1 4,165 -- 4,165 -- -- -- •»- -- -- _. -- -- -- Total U.S. government securities 138,130 6,189 46,305 4,465 8,841 11,367 3,410 19,012 4,510 1,688 6,329 9,081 16,933 Total loans and securities 147,905 6,614 49,502 4,777 9,440 12,130 3,681 20,300 4,827 1,803 6,779 9,981 18,071 Cash items in process of collection 21,380 466 4,147 565 907 3,065 2,252 2,571 931 602 1,872 1,843 2,159 Bank premises 552 97 25 51 27 110 34 19 15 27 24 17 106 Other assets 3 8,637 i 268 2,543 329 564 509 566 1,151 245 234 401 548 1,279 Interdistrict settlement account -0- + 205 - 2,587 + 300 - 1,696 - 270 - 139 - 2.529 - 667 -1- 5,875 + 217 - 631 + 1,922 TOTAL ASSETS 194,736 8,494 58,200 6,818 10,348 16,979 7,003 23,665 5,969 8,779 10,261 12,848 25,372 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 $ 2,420 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 57 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 $ 31 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 February 23, 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 139,696 7,155 44,978 5,424 8,508 12,711 3,012 20,013 4,468 1,771 7,266 8,738 15,652 Deposits: Depository institutions 28,256 736 7,719 841 1,105 1,140 2,086 2,255 700 667 1,257 2,377 7,373 U.S. Treasury—general account 2,643 2,643 Foreign—official accounts 210 4 97 7 11 8 12 20 4 5 7 10 25 Other 6,218 443 2 15 1 35 5,715 2 4 i Total deposits 37,327 740 10,902 850 1,116 1,163 2,099 22,,331100 770044 66,,338877 11,,226666 22,,339911 7,399 Deferred availability cash items 13,007 432 1,096 346 376 2,799 1,614 668866 665544 449944 11,,550066 11,,339933 1,611 Other liabilities and accrued dividends 1 1,639 79 454 63 112 141 49 224411 5566 2266 8866 111133 219 TOTAL LIABILITIES 191,669 8,406 57,430 6,683 10,112 . 16,814 6,774 2233,,225500 55,,888822 88,,667788 1100,,112244 1122,,663355 24,881 CAPITAL ACCOUNTS Capital paid in 1,387 38 340 63 99 71 112 118888 3399 4499 6633 9977 228 Surplus 1,359 35 332 60 99 72 109 118855 3388 4499 6622 9944 224 Other capital accounts 321 15' 98 12 38 22 8 4422 1100 33 1122 2222 39 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 194,736 8,494 58,200 6,818 10,348 16,979 7,003 23,665 5,969 8,779 10,261 12,848 25,372 FEDERAL RESERVE AGENTS' ACCOUNTS F,R. notes outstanding 159,821 8,122 48,096 7,369 9,380 14,029 5,404 21,876 5,325 2,312 8,785 10,658 18,465 Less-Held by F.R. Banks 20,125 967 3,118 1,945 872 1,318 2,392 1,863 857 541 1,519 1,920 2,813 F.R. notes, net 139,696 7,155 4*. 978 5,424 8,508 12,711 3,012 20,013 4,468 1,771 7,266 8,738 15,652 Collateral held against F,R. notes: Gold certificate account 11,139 570 3,203 554 744 967 402 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 123,939 6,344 40,440 4,645 7,462 11,336 2,449 17,891 3,880 1,556 6,350 7,685 13,901 Total collateral 139,696 7,155 44,978 5,424 8,508 12,711 3,012 20,013 4,468 1,771 7,266 8,738 15,652 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