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 For Release at 4:15 p.m. EST H.4.1. March 25, 1983 Averages of daily figu res (millions of dollars) RRReeessseeerrrvvveeesss ooofff dddeeepppooosssiiitttooorrryyy iiinnnssstttiiitttuuutttiiiooonnnsss,,, WWeeeekk eennddeedd Change from week ended 1 Wednesday RRReeessseeerrrvvveee BBBaaannnkkk cccrrreeedddiiittt,,, aaannnddd rrreeelllaaattteeeddd iiittteeemmmsss MMaarrcchh 2233,, March lb, r March Z4, March 23, 1983 1QS1 1.982 1983 Reserve Bank credit: 1 U.S. government securities- Bought outright—system account 136,337 + 1,188 + 10,954 136,811 Held under repurchase agreements -- -- -- -- Federal agency obligations- Bought outright 8,915 — 98 8,915 Held under repurchase agreements — — — — Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 641 - 253 1,011 825 Includes: seasonal borrowing of 59 + 15 114 69 extended credit of 346 + 20 + 35 325 Float 2,094 + 227 14 1,590 Other F.R. assets 9,054 + 203 59 9,358 Total Reserve Bank credit 157,040 + 1,365 + 9,771 157,499 Gold stock 11,138 — 12 11,138 Special Drawing Rights certificate account 4,618 — + 1,050 4,618 Treasury currency outstanding 13,786 — + 59 13,786 Total Factors 186,582 + 1,365 +" 10,868 187,041 Currency in circulation* 153,373 - 5 + 12,315 153,675 Treasury cash holdings* 478 + 7 + 3 485 Treasury deposits with F.R. Banks 3,387 - 303 + 58 3,118 Foreign deposits with F.R. Banks 219 - 10 67 199 Other deposits with F.R. Banks 584 + 19 + 136 478 Required clearing balances 595 + 20 + 431 595 Other F.R. liabilities and capital 4,809 - 34 241 4,683 163,446" - 306 + 12,636 ' 163,233 Reserve balances with F.R. Banks3 23,136 + 1,672 1,769 23,807 Total vault cash 18,274 - 2,028 + 653 18,274 (a) Vault cash at institutions with required reserve balances 12,690 - 482 + 549 12,690 (b) Vault cash equal to required reserves at other institutions 2,369 - 780 + 285 2,369 (c) Surplus vault cash at other institutions4 3,215 - 766 181 3,215 Reserve balances + total vault cash3 41,410 - 356 1,116 42,081 Reserve balances + total vault cash used to satisfy reserve requirements5 38,195 + 410 935 38,866 RReeqquuiirreedd rreesseerrvveess 37,898 + 514 963 j 37,898 EExxcceessss rreesseerrvvee bbaallaanncceess aatt FF..RR.. BBaannkkss 297 ! - 104 | + 28 968 On March 23, 1983 f marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter national accounts were $ 109,965 million, a decrease of $1,631 million for the week. 1 Net of $ 1,179 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $1,179 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. 2 Net of $ 712 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 712 million was with foreign official and international accounts. Includes $ 25 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 23, 1983 March 16, 1983 March 24, 1982 ASSETS Gold certificate account 11,138 _. 12 Special Drawing Rights certif. acct. 4,618 -- + 1,050 Coin 495 — + 47 Loans 825 - 2,905 - 952 Acceptances- Held under repurchase aggreements -- _- __ Federal agency abligations— Bought outright 8,915 -- 98 Held under repurchase agreements 1 -- -- -- U.S. government securities: Bought outright—Bills 55,629 + 518 + 8,671 Notes 62,187 — + 1,828 Bonds 1188,,999955 -- ++ 905 Total bought outright 2 113366,,881111 ++"" 518 ++ 11,404 Held under repurchase agreements 1 -- — -- Total U.S. government securities 136,811 ++__ 518 ++__1 1,404 Total loans and securities 146,551 +~2 ,387 +" 10,354 Cash items in process of collection (2,362 ) 8,164 + 320 617 Bank premises 553 + 1 + 46 Other assets 3 8,805 -. 161 +_ 114 TOTAL ASSETS <2,362 ) 180,324 -" 2,227 +" 10,982 LIABILITIES Federal Reserve notes 140,870 - 81 + 12,473 Deposits: Depository institutions 24,403 4- 138 - 2,898 U.S. Treasury—general account 3,118 - 817 + 710 Foreign—official accounts 199 - 38 _ 103 Other 477 - 191 +_ 77 Total deposits 28,197 _~ 908 _ 2,214 Deferred availability cash items (2,362 ) 6,574 . 1,093 + 881 Other liabilities and accrued dividends 4 1,621 _ 155 361 TOTAL LIABILITIES <2,362 ) 177,262 -""2 ,237 +~1 0,779 CAPITAL ACCOUNTS Capital paid in 1,393 -- + 97 Surplus 1,359 — + 81 Other capital accounts 310 + 10 + 25 * Figures in parentheses are the eliminations made in the consolidating process 1 Does not include U.S. government and federal agency securities refold nn^r mlt-M^ i 3 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates Includes soeci*! investment account at Chicago of $35 million in Treasury Bills maturing within 90 days ? S £S :om^tmentrSlatl°n "^ ^^ ** ^^ ^^-ion at market exchange rates of foreign MATURITY DISTRIBUTION OF LOANS AND SECURITIES March 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 LLooaannss AAcccceeppttaanncceess Holdings | Weekly changes Holdings | Weekly changes Within 15 days 813 -- 8,422 247 122 + 122 16 days to 90 days 12 -- 26,537 + 2,253 667 - 122 91 days to 1 year -- -- 39,971 - 1,488 1,886 -- Over 1 year to 5 years — -- 32,128 — 4,618 + 3 Over 5 years to 10 years -- -- 12,970 -- 1,104 - 3 Over 10 years — 1166,,778833 -- 551188 -- Total 882255~~ -- 113366,,881111 + 518 88,,991155 -- 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 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 11,138 570 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 30 29 17 58 61 54 27 30 23 52 32 82 Loans 825 18 248 18 7 57 14 58 12 7 24 313 49 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 55,629 2,570 17,499 1,854 3,671 4,720 1,416 7,894 1,873 701 2,628 3,771 7,032 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 2 136,811 6,321 43,035 4,559 9,029 11,609 3,482 19,416 4,606 1,724 6,463 9,274 17,293 Held under repurchase agreements 1 -0- -- — -- -- -- — -- -- -- -_ -- -- Total U.S. government securities 136,811 6,321 43,035 4,559 9,029 11,609 3,482 19,416 4,606 1,724 6,463 9,274 17,293 Total loans and securities 146,551 6,751 46,087 4,874 9,625 12,423 3,723 20,739 4,918 1,843 6,908 10,191 18,469 Cash items in process of collection 10,526 282 600 306 344 2,253 1,320 1,048 501 346 1,119 1,018 1,389 Bank premises 553 97 25 51 27 111 34 19 15 27 24 17 106 Other assets 3 8,805 277 2,475 330 595 528 602 1,191 251 290 395 571 1,300 Interdistrict settlement account 1 -0- + 223 + 3,290 + 27 - 1,466 - 221 + 214 - 1,473 - 535 + 174 + 387 - 856 +. 236 TOTAL ASSETS 182,686 M71 57,043 6,384 10,229 16,530 6,510 23,673 5,768 2,918 9,801 12,026 23,333 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 $ 2,099 million was outstanding at the end of the latest statement week. 2 Net of $ 712 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 25 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 March 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 140,870 7,229 45,247 5,410 8,632 12,821 3,112 20,193 4,582 1,856 7,335 8,789 15,664 Deposits: Depository institutions 24,403 832 6,401 579 1,099 1,216 1,940 2,256 577 574 1,175 2,027 5,727 U.S. Treasury—general account 3,118 3,118 Foreign—official accounts 199 4 85 •7 11 8 12 21 4 5 7 10 25 Other 477 1 368 1 1 28 1 65 I 1 10 Total deposits 28,197 837 9,972 587 1,111 1,252 1,953 2,342 581 579 1,183 2,038 5,762 Deferred availability cash items 8,936 235 673 191 154 2,146 1,131 474 460 357 1,062 863 1,190 Other liabilities and accrued dividends 1 1,621 82 383 59 116 146 82 247 58 24 82 116 226 TOTAL LIABILITIES 179,624 8,383 56,275 6,247 10,013 16,365 6,278 23,256 5,681 2,816 9,662 11,806 22,842 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 310 15 96 13 18 22 10 43 10 4 14 26 39 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 182,686 8,471 57,043 6,384 10,229 16,530 6,510 23,673 5,768 2,918 9,801 12,026 23,333 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 159,805 8,218 48,302 7,236 9,396 14,169 5,447 21,748 5,289 2,294 8,702 10,546 18,458 Less-Held by F.R. Banks 18,935 989 3,055 1,826 764 1,348 2,335 1,555 707 438 1,367 1,757 2,794 F.R. notes, net 140,870 7,229 45,247 5,410 8,632 12,821 3,112 20,193 4,582 1,856 7,335 8,789 15,664 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 125,114 6,418 40,710 4,631 7,586 11,446 2,549 18,071 3,994 1,641 6,419 7,736 13,913 Total collateral 140,870 7,229 45,247 5,410 8,632 12,821 3,112 20,193 4,582 1,856 7,335 8,789 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