H.4.1 Factors Affecting Reserve Balances of Depository Institutions

•OV! FEDERAL RESERVE •?f^^8P Factors Affecting Reserves of Depository Institutions and Condition Statement of F.R. Banks For Release at 4:15 p.m. EST HAJ. March 4, 1983 [ Averages of daily figures (mHlioTiis^fdoHars) RRReeessseeerrrvvveeesss ooofff dddeeepppooosssiiitttooorrryyy iiinnnssstttiiitttuuutttiiiooonnnsss,,, 11 WWeeeekk eennddeedd 1 Change from week ended i Wednesday RRReeessseeerrrvvveee BBBaaannnkkk cccrrreeedddiiittt,,, aaannnddd rrreeelllaaattteeeddd iiittteeemmmsss MMaarrcchh 22,, February 23, March J, ! March 2, 1983 1983J 1982 1983 Reserve Bank credit: [l 2 U.S. government securities- Bought outright—system account ! 134,247 ' - 524 ! +8,348 132,817 Held under repurchase agreements 504 -1,167 + 265 3,526 Federal agency obligations- Bought outright 8,923 1 - 104 8,923 Held under repurchase agreements 54 31 + 35 379 Acceptances- Sought outright — — -- — Held under repurchase agreements 39 - 29 + 6 275 Loans to depository institutions 710 + 234 - 852 1,777 Includes: seasonal borrowing of 43 2 - 104 48 extended credit of 295 - 40 + 7 307 Float 2,387 + 787 - 750 3,748 Other F.R. assets 8,956 + 98 - 383 8,957 Total Reserve Bank credit 155,821 - 632 +6,567 160,402 Gold stock 11,139 — 11 11,139 Special Drawing Rights certificate account 4,618 — +1,050 4,618 Treasury currency outstanding 1133,,778866 — ++ 7722 13,786 Total Factors 118855,,336644 - 632 ++77,,667788 189,945 Currency in circulation* 151,945 + 64 +11,965 152,611 Treasury cash holdings* 463 + 1 7 465 Treasury deposits with F.R. Banks 2,896 - 325 -1,032 3,525 Foreign deposits with F.R. Banks 267 + 57 77 226 Other deposits with F.R, Banks 529 + 23 - 444 521 Required clearing balances 535 + 13 + 378 535 Other F.R. liabilities and capital 4,882 + 112 - 905 4,766 161,517 - 57 +9,878 162,649 Reserve balances with F.R. Banks3 23,847 - 575 -2,201 27,296 Total vault cash 19,725 +1,045 + 817 19,725 (a) Vault cash at institutions with required reserve balances 13,735 + 518 + 950 13,735 (b) Vault cash equal to required reserves at other institutions 2,330 + 244 + 108 2,330 (c) Surplus vault cash at other institutions4 3,660 + 283 - 241 3,660 Reserve balances + total vault cash3 43,572 + 470 -1,384 47,021 Reserve balances + total vault cash used to satisfy reserve requirements5 39,912 + 187 -1,143 43,361 RReeqquuiirreedd rreesseerrvveess ,, 39,345 - 45 j -1,197 j 39,345 EExxcceessss rreesseerrvvee bbaallaanncceess aatt FF..RR.. BBaannkkss 567 + 232 + 54 4,016 On March 2, 1983 , marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter national accounts were $ 114,134 million, an increase of $1,693 million for the week. 1 Net of $ 2,301 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 2,30irnillion was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. 2 Net of $ 3,732 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $3,732 million was with foreign official and international accounts.. Includes $62 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 March 2, 1983 February 23, 1983 March 3. 1982 ASSETS Gold certificate account 11,139 ~" " 1111 SSppeecciiaall DDrraawwiinngg RRiigghhttss cceerrttiiff.. aacccctt.. !! 4,618 + 11,,005500 CCooiinn 512 + 7 + 7755 1,777 4- 1,310 - 2,843 LLooaannss Acceptances- 275 4- 30 4- 44 Held under repurchase aggreements Federal agency abligations— 88,,992233 1 103 Bought outright + 337799 4* 240 244 Held under repurchase agreements 1 U.S. government securities: 51,635 - 1,148 + 4,332 Bought outright-Bills 62,187 4- 1,828 Notes 1188,,999955 — ++ 905 BBoonnddss 113322,,881177 1,148 ++ "" 7,065 TToottaall bboouugghhtt oouuttrriigghhtt 22 TToott HH aa ee ll lldd UU .. uu SS nn .. dd gg ee oo rr vv ee rree rr pp nn uu mm rrcc ee hh nn aa tt ss ss ee ee cc aa uu gg rr rr ii ee ttii ee ee mm ss eennttss 11 1133 33 66 ,, ,, 55 33 22 44 66 33 1,7 6 8 3 7 9 44 ++ -- 8 1 , ,8 9 5 2 8 3 114477,,669977 208 44-- "" 6,265 TToottaall llooaannss aanndd sseeccuurriittiieess CCaasshh iitteemmss iinn pprroocceessss ooff ccoolllleeccttiioonn {{ 22,,556688)) 1122,,447799 44-- 66 44-- 2,340 555522 44-- 44 Bank premises 8 405 232 4- 9 Other assets 3 ( 2,568, 185,402 -" 367 + 9,772 TOTAL ASSETS LIABILITIES Federal Reserve notes 139,802 + 106 + 12,055 Deposits: Depository institutions 27,832 - 424 - 3,489 U.S. Treasury—general account 3,525 4- 882 - 69 Foreign—official accounts 226 4- 16 - 22 Other (2) 520 4- 17 4- 153 Total deposits (2) 32,103 4- 491 - 3,427 Deferred availability cash items ( 2,566) 8", 731 - 1,024 + 1,402 Other liabilities and accrued dividends 4 1,678 4- 39 - 548 TOTAL LIABILITIES ( 2,568) 182;314 •" 388 4- 9,482 CAPITAL ACCOUNTS Capital paid in 1,388 + 1 4* 96 Surplus 1,359 + + 81 Other capital accounts 341 20 4- 113 * 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 Net of $3,732 million matched sale-purchase transactions outstanding at the end of the latest statement week Includes $62 million securities loaned—fully secured by U.S. government securities. Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes special investment account at Chicago of $32 million in Treasury Bills maturing within 90 days. Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. MATURITY DISTRIBUTION OF LOANS AND SECURITIES March 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 1,756 275 7,519 - 2,769 537 4- 42 16 days to 90 days 21 -- 25,953 39 601 + 31 91 days to 1 year -- -- 40,991 4- 1,173 2,059 4* 139 Over 1 year to 5 years -- -- 32,127 152 4,515 - 103 Over 5 years to 10 years — -- 12,970 -- 1,072 + 130 Over 10 years -- -- 1166,,778833 -- 551188 -- Total 1,777 275 113366,,334433 - 1,787 99,,330022 ++ 239 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1 (b) STATEMENT OF CQMDSTiON OF EACH FEDERAL RESERVE BAhJK ON March 2, 1983 Millions of dollars Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St, Louis MMiirr neapoiis K C a i n t s y a s Dallas "| | Fra S n a c n i sco ASSETS Gold certificate account 11,139 570 3,203 554 744 96 7 402 1,476 418 154 6 75 74 3 1,233 Special Drawing Rights certif. acct. 4,618 241 1,335 225 302 408 161 646 170 61 241 310 518 Coin 512 31 32 17 59 60 57 31 29 23 52 35 86 Loans 1,777 13 1,322 28 5 8 6 55 9 2 2 3 294 12 Acc a e g p re ta e n m c e e n s t s h eld under repurchase 275 -- 275 - -- -- -- „ -- .. .. -- -- Federal agency obligations: Bought outright 8,923 412 2,807 297 589 757 227 1,266 300 113 422 605 1,128 Held under repurchase agreements 1 379 -- 379 -- -- __ -- -- -- __ -- "- -- U.S. government securities: Bought outright—Bills 51,635 2,386 16,243 1,721 3,408 4,381 1,314 7,327 1,738 651 2,439 3,500 6,527 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 2 132,817 6,137 41,779 4,426 8,766 11,270 3,380 18,849 4,471 1 ,674 6,274 9,003 16,788 Held under repurchase agreements 1 3,526 -- 3,526 -- -- -- -. __ -- -- -- __ ._ Total U.S. government securities 136,343 6,137 45,305 4,426 8,766 11,270 3,380 18,849 4,471 1 ,674 6,2 74 9,003 16,788 Total loans and securities 147,697 6,562 50,088 4,751 9,360 12,035 3,613 20,170 4,780 1 ,789 6,719 9,902 17,928 Cash items in process of collection 15,047 295 1,495 516 396 2,785 1,753 1,720 726 596 1,663 1,125 1,977 Bank premises 552 97 25 51 27 110 34 19 15 27 24 17 106 Other assets 3 8,405 263 2,521 323 551 529 528 1,109 236 224 372 552 1,197 Interdistrict settlement account -0- + 291 + 611 + 139 - 835 - 46 - 968 - 259 - 470 + 109 + 151 - 826 + 2,103 TOTAL ASSETS 187,970 8,350 59,310 6,576 10,604 16,848 5,580 24,912 5,904 2 ,983 9,897 11,858 25,148 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 $ 3,732 million matched sale purchase transactions outstanding at the end of the latest statement week. Includes $ 62 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 $ 32 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 MARCH 2 , 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 139,802 7,149 45,056 5,406 8,548 12,778 2,794 20,111 4,494 1,781 7,270 8,751 15,664 Deposits: Depository institutions 27,832 727 8,033 666 1,470 1,073 1,202 3,420 626 527 1,018 1,794 7,276 U.S. Treasury—general account 3,525 — 3,525 — — — — — — — — -- __ Foreign—official accounts 226 4 112 7 11 8 12 21 4 5 7 10 25 Other 522 1 426 2 — 41 1 37 — — 3 10 1 Total deposits 32,105 732 12,096 675 1,481 1,122 "1,215 3,478 630 ~" 532 " 1,028 1,814 7,302~ "' Deferred availability cash items 11,297 297 918 299 236 2,633 1,284 653 634 542 1,376 962 1,463 Other liabilities and accrued dividends * 1,678 82 462 59 121 147 52 248 5599 2255 8833 111166 224 TOTAL LIABILITIES 184,882 8,260 58,532 6,439 10,386 16,680 5,345 24,490 55,,881177 22,,888800 99,,775577 1111,,664433 24,653 CAPITAL ACCOUNTS Capital paid in 1,388 38 340 63 99 71 112 189 39 49 63 97 228 Surplus 1,359 35 332 60 99 72 109 185 38 49 62 94 224 Other capital accounts 341 17 106 14 20^ 25 14 48^ JJXX)) 55 1155 2244 43 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 187,970 8,350 59,310 6,576 10,604 16,848 5,580 24,912 5,904 2,983 9,897 11,858 25,148 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 159,611 8,163 48,235 7,331 9,378 14,072 5,209 21,848 5,304 2,303 8,7 32 10,601 18,4 35 Less-Held by F.R. Banks 19,809 1,014 3,179 1,925 830 1,294 2,415 1,737 810 522 1,462 1,850 2,771 F.R. notes, net 139,802 7,149 45,056 5,406 8,548 12.778 2,794 20,111 4,494 1,781 7,270 8,751 15,664 Collateral held against F.R. notes: Gold certificate account 11,139 570 3,203 554 744 967 402 1,476 418 154 675 743 1,2 33 Special Drawing Rights certif. acct. 4,618 241 1,335 225 302 408 161 646 170 61 241 310 5 ! 8 Other eligible assets -0- — — — — — — — — — — — -- U.S. govt, and agency securities 124,045 6,338 40,518 4,627 7,502 11,403 2,231 17,989 3,906 1,566 6,354 7,698 13,913 Total collateral 139,802 7,149 45,056 5,406 8,548 12,778 2,794 20,111" 4., 4 94""' 1 ,781 -"" 7,2 70~ 8,751 15,664 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