H.4.1 Factors Affecting Reserve Balances of Depository Institutions

..-;^y%v. FEDERAL RESERVE •?f**fRE^> Factors Affecting Reserves of Depository Institutions and Condition Statement of F.R. Banks For Release at 4:15 p.m. EST H.4.1. March 11, 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 MMaarrcchh 99,, March 2, 1 ]M arch 10, March 9, iQ*n 1Q83 1Q89 1<Mn Reserve Bank credit: 1 2 U.S. government securities- Bought outright—system account 134,321 + 74 + 12,254 134,883 Held under repurchase agreements — ~ 504 - 406 — Federal agency obligations- Bought outright 8,923 — - 101 8,923 Held under repurchase agreements — - 54 - 36 — Acceptances- Bought outright — — — — Held under repurchase agreements — - 39 - 50 — Loans to depository institutions 628 - 82 - 818 367 includes: seasonal borrowing of 44 + 1 ~ 107 41 extended credit of 297 + 2 - 9 282 Float 2,371 - 100 - 767 2,542 Other F.R. assets 8,680 - 276 - 114 8,861 Total Reserve Bank credit 154,922 - 983 +• 9,961 155,576 Go id stock 11,138 - 1 - l? 11,138 Special Drawing Rights certificate account 4,618 — + 1,050 4,618 Treasury currency outstanding 13,786 — + 69 13,786 Total Factors 184,464 - 985 + 11,068 185,118 Currency in circulation* 152,699 + 756 + 11,890 153,480 Treasury casn holdings* 467 + i. - 4 470 Treasury deposits with F.R. Banks 3,709 + Si 3 + 79 3,407 Foreign deposits with F.R. Banks 260 - 7 + 7 197 Other deposits with F.R. Banks 520 - 9 + 138 498 Required clearing balances 552 + 17 + 387 552 Other F.R. liabilities and capital 4,845 - 37 - 220 4,677 163,052 + 1,535 + 12,278 163,281 Reserve balances with F.R. Banks3 21,412 - 2,519 - 1,210 21,836 Total vault cash 19,828 + 103 - 108 19,828 (a) Vault cash at institutions with required reserve balances 13,034 - 632 - 212 13,034 (b) Vault cash equal to required reserves at other institutions 2,960 + 577 + 369 2,960 (*;) Surplus vault cash at other institutions4 3,834 + 158 - 265 3,834 Reserve balances + total vault cash3 41,240 - 2,416 - 1,318 41,664 Reserve balances + total vault cash used to satisfy reserve requirements5 37,406 - 2,574 - 1,053 37,830 RReeqquuiirreedd rreesseerrvveess 66 36,837 - 2,471 - 1,319 36,837 EExxcceessss rreesseerrvvee bbaallaanncceess aatt FF..RR.. BBaannkkss 569 - 103 + 266 993 On March 9, 1983 , marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter national accounts were $ 108,925 million, a decrease of $5,209 million for the week. 1 Net of $ 2,583 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 2,583million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. Government securities. 2 Net of $ 2,163milMon matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 2,163 million was with foreign official and international accounts. Includes $ 37 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 * Wednesday Wednesday Wednesday March 8, 1983 March 2, 1983 ASSETS Gold certificate account 11,138 12 Special Drawing Rights certif. acct. 4,618 + 1,050 Coin 510 + 62 Loans 367 - 1,410 - 3,283 Acceptances- 275 353 Held under repurchase aggreements Federal agency abligations- 8,923 ,.- - 90 Bought outright -- - 379 - 252 Held under repurchase agreements 1 U.S. government securities: 53,701 + 2,066 + 10,848 Bought outright—Bills 62,187 — + 1,828 Notes 18,995 -- + 905 Bonds 134,883 + 2,066 + 13*581 Total bought outright 2 -- "" 33,,552266 2,839 Held under repurchase agreements 1 134,883 11,,446600 ++ 10,742 Total U.S. government securities 144,173 - 3,524 + 6,764 Total loans and securities (2,063 ) 8,834 - 3,645 + 925 Cash items in process of collection 553 + 1 + 46 Bank premises 8,308 - 97 - 128 Other assets 3 (2,063 ) 178,134 - 7,268 + 8,707 TOTAL ASSETS LIABILITIES Federal Reserve notes 140,675 + 873 + 11,927 Deposits: Depository Institutions 22,389 - 5,443 - 3,858 U.S. Treasury—general account 3,407 . 118 + 475 Foreign-official accounts 197 - 29 - 108 Other (3) 497 - 23 + 126 Total deposits (3) 26,490 - 5,613 - 3,365 Deferred availability cash items (2,060 ) 6,292 - 2,439 + 549 Other liabilities and accrued dividends 4 1*623 - 55 - 587 TOTAL LIABILITIES (2,063 ) 175,080 - 7,234 + 8,524 CAPITAL ACCOUNTS Capital paid in 1,389 + 1 + 95 Surplus 1,359 -- + 81 Other capital accounts 306 - 35 + 7 * 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 $2,163 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $37 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 $38 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, March 9, 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 347 — 7,088 431 15§ - 379 16 days to 90 days 20 — 24,828 - 1,125 662 + 61 91 days to 1 year -- -- 41,086 + 95 1,998 - 61 Over 1 year to 5 years .- -- 32,128 + 1 4,515 Over 5 years to 10 years -- -- 12,970 -- 1,072 Over 10 years — 1166,,778833 — 518 Total 336677"" — 113344,,888833 - 1,460 8,923 - 379 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

HA1 (b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON March 9, 1983 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City Francisco ASSETS Gold certificate account 11,138 570 3,202 554 744 967 402 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 510 30 31 17 60 61 57 30 32 22 52 35 83 Loans 367 10 6 3 12 2 17 13 2 16 284 2 Acceptances held under repurchase agreements -0- Federal agency obligations: 1 Bought outright 8,923 412 2,807 297 589 757 227 1,266 300 113 422 605 1,128 Held under repurchase agreements 1 -0- U.S. government securities: Bought outright—Bills 53,701 2,481 16,893 1,790 3,544 4,555 1,367 7,621 1,808 677 2,537 3,640 6,788 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 TTToootttaaalll bbbooouuuggghhhttt ooouuutttrrriiiggghhhttt 222 134,883 6,232 42,429 4,495 8,902 11,444 3,433 19,143 4,541 1,700 6,372 9,143 17,049 HHHeeelllddd uuunnndddeeerrr rrreeepppuuurrrccchhhaaassseee aaagggrrreeeeeemmmeeennntttsss 111 -0- TTToootttaaalll UUU...SSS... gggooovvveeerrrnnnmmmeeennnttt ssseeecccuuurrriiitttiiieeesss 134,883 6,232 42,429 4,495 8,90? 1!,444 3*433 19,143 4,541 1,700 6,372 9,143 17,049 TTToootttaaalll llloooaaannnsss aaannnddd ssseeecccuuurrriiitttiiieeesss 144,173 6,654 45,236 4,798 9,494 12,213 3,662 20,426 4,854 1,815 6,810 10,032 18,179 CCCaaassshhh iiittteeemmmsss iiinnn ppprrroooccceeessssss ooofff cccooolllllleeeccctttiiiooonnn 10,897 336 1,142 308 353 1,994 1,481 1,169 525 425 1,045 827 1,292 BBBaaannnkkk ppprrreeemmmiiissseeesss 553 97 25 51 27 110 34 19 15 27 24 17 107 OOOttthhheeerrr aaasssssseeetttsss 333 8,308 1 269 2,365 320 574 505 525 1,141 242 226 381 548 1,212 IIInnnttteeerrrdddiiissstttrrriiicccttt ssseeettttttllleeemmmeeennnttt aaaccccccooouuunnnttt -0- + 22 + 4,SOS + 350 - 1,435 - 14 - 545 - 1,252 - 558 - 40 + 235 - 1,041 - 630 TOTAL ASSETS 180,197 8,219 58,244 6,623 10,119 16,244 5,777 23,655 5,698 2,690 9,463 11,471 21,994 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 $ -o- million was outstanding at the end of the latest statement week. 2 Net of $ 2,163 million matched saie-purchase transactions outstanding at the end of the latest statement week, includes $ 37 million securities towgd—fully secured by U.S. government securities. 3 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Indude* spacial investment account at Chicago of $ 38 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 9, 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 140,675 7,207 45,222 5,459 8,694 12,905 2,841 20,312 4,544 1,814 7,335 8,699 15,643 Deposits: Depository institutions 22,389 613 7,284 777 870 1,104 1,491 2,156 524 358 913 1,743 4,556 U.S. Treasury—general account 3,407 3,407 Foreign—official accounts 197 4 83 7 11 8 12 21 • 4 5 7 10 25 Other 500 1 407 2 39 1 44 2 2 2 Total deposits 26,493 618 11,181 786 881 1,151 1,504 2,221 528 363 922 1,755 4,583 Deferred availability cash items 8,352 225 672 184 202 1,872 1,148 456 481 386 985 687 1,054 Other liabilities and accrued dividends 1 1,623 81 400 59 125 151 53 249 59 26 ' 82 116 222 TOTAL LIABILITIES 177,143 8,131 57,475 6,488 9,902 16,079 5,546 23,238 5,612 2,589 9,324 11,257 21,502 CAPITAL ACCOUNTS Capital paid in 1,389 38 340 63 99 71 112 189 39 49 63 98 228 Surplus 1,359 35 332 60 99 72 109 185 38 49 62 94 224 Other capital accounts 306 15 97 12 19 22 10 43 9 3 14 22 40 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 180,197 8,219 58,244 6,623 10,119 16,244 5,777 23,655 5,698 2,690 9,463 11,471 21,994 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 159,592 8,176 48,397 7,292 9,416 14,112 5,059 21,882 5,276 2,296 8,683 10,521 18,482 Less-Held by F.R. Banks 18,917 969 3,175 1,833 722 1,207 2,218 1,570 732 482 1,348 1,822 2,839 F.R. notes, net 140,675 7,207 45,222 5,459 8,694 12,905 2,841 20,312 4,544 1,814 7,335 8,699 15,643 Collateral held against F.R. notes: Gold certificate account 11,138 570 3,202 554 744 967 402 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 124,919 6,396 40,685 4,680 7,648 11,530 2,278 18,190 3,956 1,599 6,419 7,646 13,892 Total collateral 140,675 7,207 45,222 5,459 8,694 12,905 2,841 20,312 4,544 1,814 7,335 8,699 15,643 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