H.4.1 Factors Affecting Reserve Balances of Depository Institutions

.••pjcoy; FEDERAL RESERVE Factors Affecting Reserves of Depository Institutions and '^f^fS^-* Condition Statement of F.R. Banks H.4.1. For Release at 4:15 p.m. EST March 18, 1983 Averages of daily figures (millions of dollars) RReesseerrvveess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss,, RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss WWeeeekk eennddeedd Change from week ended Wednesday MMaarrcchh 1166,, March 9, March 17, March 16, iQft^ i g*n 1Q8? 1Qftl Reserve Bank credit: 1 2 U.S. government securities- Bought outright—system account 135,149 + 828 + 10,518 136,293 Held under repurchase agreements — — 443 — Federal agency obligations- Bought outright 8,915 - 8 98 8,915 Held under repurchase agreements — — 15 — Acceptances- Bought outright — — — — Held under repurchase agreements — — 55 — Loans to depository institutions 894 + 266 568 3,730 Includes: seasonal borrowing of 44 — 143 48 extended credit of 326 + 29 + 25 323 Float 1,748 - 565 440 177 Other F.R. assets 8,851 + 171 158 9,518 Total Reserve Bank credit 155,556 + 692 + 8,741 158,633 Gold stock 11,138 — 12 11,138 Special Drawing Rights certificate account 4,618 — + 1,050 4,618 Treasury currency outstanding 13,786 — + 66 13,786 Total Factors 185,098 + 692 + 9,845 188,175 Currency in circulation* 153,378 + 679 + 12,052 153,766 Treasury cash holdings* 471 + 4 1 475 Treasury deposits with F.R. Banks 3,690 - 19 + 616 3,935 Foreign deposits with F.R. Banks 229 - 31 58 237 Other deposits with F.R. Banks 565 + 45 + 77 670 Required clearing balances 575 + 23 + 419 575 Other F.R. liabilities and capital 4,843 - 2 247 4,828 163,752 + 700 r~+ 12,859 164,486 Reserve balances with F.R. Banks3 21,345 _ 9 3,015 23,688 Total vault cash 20,302 + 474 + 1,506 20,302 (a) Vault cash at institutions with required reserve balances 13,172 + 138 + 612 13,172 (b) Vault cash equal to required reserves at other institutions 3,149 + 189 + 795 3,149 (c) Surplus vault cash at other institutions4 3,981 + 147 + 99 3,981 Reserve balances + total vault cash3 41,647 + 465 1,509 43,990 Reserve balances + total vault cash used to satisfy reserve requirements5 37,666 + 318 1,608 40,009 Required reserves 37,384 +. • 547 1,553 37,384 Excess reserve balances at F.R. Banks 282 - 229 55 2,625 On March 16, 1983 f marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter national accounts were $ 111,596 million, an increase of $2,671 million for the week. 1 Net of $2,016 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 2,016 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. Government securities. 2 Net of $i, 119 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 1,119 million was with foreign official and international accounts. Includes $ 75 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. §, 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 16, 1983 March 9, 1983 March 17, 1982 ASSETS Gold certificate account 11,138 -- - 12 Special Drawing Rights certif. acct. 4,618 -- + 1,050 Coin 495 - 15 + 46 Loans 3,730 + 3,363 + 1,771 Acceptances- — — - Held under repurchase aggreements 143 Federal agency abligations- Bought outright 8,915 - 8 - 98 Held under repurchase agreements 1 -- -- - 21 U.S. government securities: Bought outright-Bills 55,111 + 1,410 + 7,234 Notes 62,187 -- + l,S2S Bonds 1188,,999955 -- ++ 905 Total bought outright 2 113366,,229933 ++~~1 ,410 ++ 9,967 Held under repurchase agreements 1 -- -- 613 Total U.S. government securities 136,293 ++~~1 ,410 ++ 9,354 Total loans and securities 148,938 +"4 ,765 + 10,863 Cash items in process of collection ( 2,658) 7,844 - 990 - 2,167 Bank premises 552 - 1 + 45 Other assets 3 8,966 +_ 658 + 315 TOTAL ASSETS ( 2,658) 182,551 +~4 ,417 + 10,140 LIABILITIES Federal Reserve notes 140,951 + 276 + 12,178 Deposits: Depository institutions 24,265 + 1,876 - 2,754 U.S. Treasury—general account 3,935 + 528 - 237 Foreign—official accounts 237 + 40 + 18 Other (3) 668 +_ 171 + 142 Total deposits (3) 29,105 +"2 ,615 - 2,831 Deferred availability cash items ( 2,655) 7,667 + 1,375 + 915 Other liabilities and accrued dividends 4 1,776 +_ 153 - 294 TOTAL LIABILITIES ( 2,658) 179,499 +"4 ,419 + 9,968 CAPITAL ACCOUNTS Capital paid in 1,393 + 4 + 97 Surplus 1,359 -- + 81 Other capital accounts 300 - 6 - 6 * 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 $2,189 million was outstanding at the end of the latest statement week 2 Net of $1,119 million matched sale-purchase transactions outstanding at the end of the latest statement week Includes $75 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. 6 8 MATURITY DISTRIBUTION OF LOANS AND SECURITIES March 16, 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 j Weekly changes' Holdings | Weekly changes Within 15 days 3,708 8,669 + 1,581 158 16 days to 90 days 22 24,284 544 789 + 127 91 days to 1 year 41,459 + 373 1,886 112 Over 1 year to 5 years 32,128 4,615 + 100 Over 5 years to 10 years 12,970 1,107 + 35 Over 10 years 16,783 518 Total 3,730 136,293 1,410 8,915 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 March 16, 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 11,138 570 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 495 31 29 17 56 60 57 29 30 23 52 34 77 Loans 3,730 12 2,586 12 3 30 36 336 96 2 51 288 278 Acceptances held under repurchase agreements -0- -- -- -- -- -- -- -- -- -- -- — — Federal agency obligations: Bought outright 8,915 412 2,804 297 589 757 227 1,265 300 112 421 604 1,127 Held under repurchase agreements 1 -0- — -- -- — -- -- -- -- -- -- -- — U.S. government securities: Bought outright—Bills 55,111 2,546 17,336 1,837 3,637 4,676 1,403 7,821 1,856 694 2,604 3,735 6,966 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 889977 11,,228888 2,401 Total bought outright 2 136,293 6,297 42,872 4,542 8,995 11,565 3,469 19,343 4,589 1,717 66,,443399 99,,223388 17,227 Held under repurchase agreements 1 -0- -- -- — -- -- — -- -- -- -- -- — Total U.S. government securities 136,293 6,297 42,872 4,542 8,995 11,565 3,469 19,343 4,589 1,717 6,439 9,238 17,227 Total loans and securities 148,938 6,721 48,262 4,851 9,587 12,352 3,732 20y944 4,985 1,831 6,911 10,130 18,632 Cash items in process of collection 10,502 228 403 331 485 2,402 1,536 1,237 575 210 1,040 679 1,376 Bank premises 552 97 25 51 27 111 34 19 15 27 24 17 105 Other assets 3 8,966 270 2,516 454 574 523 525 1,168 248 330 391 713 1,254 Interdistrict settlement account -0- + 221 + 4,132 + 56 - 1,171 - 226 - 521 - 1,240 - 589 + 391 + 303 - 962 - 394 TOTAL ASSETS 185,209 8,379 59,904 6,539 10,604 16,597 5,926 24,279 5,852 3,027 9,637 11,664 22,801 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 $ 2,189 million was outstanding at the end of the latest statement week. 2 Net of $ 1,119 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 75 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. 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 16, 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 140,951 7,259 45,441 5,425 8,733 12,911 2,755 20,393 4,552 1,828 7,309 8,696 15,649 Deposits: Depository institutions 24,265 649 7,663 659 1,260 1,004 1,490 2,572 585 612 973 1,740 5,058 U.S. Treasury—general account 3,935 — 3,935 — — — — — — — — — — Foreign—official accounts 237 4 124 7 11 8 12 20 4 5 7 10 25 Other 671 1 563 — 9 39 2 45 1 — 2 2 7 Total deposits 29,108 654 12,285 666 1,280 1,051 1,504 2,637 590 617 982 1,752 5,090 Deferred availability cash items 10,322 301 980 253 - 258 2,325 .. 1,254. 587 565 *. 455 1,127 883 1,334 Other liabilities and accrued dividends 1 L,776 81 431 59 116 145 181 246 57 26 81 116 237 TOTAL LIABILITIES 182,157 8,295 59,137 6,403 " 10,387 16,432 5,694 23,863 5,764 2,926 9,499 11,447 22,310 CAPITAL ACCOUNTS Capital paid in 1,393 38 340 64 99 71 113 189 39 49 63 100 228 Surplus 1,359 35 332 60 99 72 109 185 38 49 62 94 224 Other capital accounts 300 11 95 12 19 22 JU) 42 11 3 13 23 39 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 185,209 8,379 59,904 6,539 10,604 16,597 5,926 24,279 5,852 3,027 9,637 11,664 22,801 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 159,682 8,196 48,482 7,255 9,458 14,169 4,992 21,894 5,258 2,287 8,660 10,524 18,507 Less-Held by F.R. Banks 18,731 937 3,041 1,830 725 1,258 2,237 1,501 706 459 1,351 1,828 2,858 F.R. notes, net , 140,951 7,259 45,441 5,425 8,733 12,911 2,755 20,393 4,552 1,828 7,309 8,696 15,649 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 125,195 6,448 40,904 4,646 7,687 11,536 2,192 18,271 3,964 1,613 6,393 7,643 13,898 Total collateral 140,951 7,259 45,441 5,425 8,733 12,911 2,755 20,393 4,552 1,828 7,309 8,696 15,649 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