H.4.1 Factors Affecting Reserve Balances of Depository Institutions

• oQLGo^ FEDERAL RESERVE Factors Affecting Reserves of Depository Institutions ati lBRARY ?i^m?:-' Condition Statement of F.R. Banks •«ip"p 1983 For Release at 4:15 p.m. EST H.4.1. ftDEKALR S April 1, 1983 'F Averages of daily figur -es (millions of dollars) RReesseerrvveess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss,, WWeeeekk eennddeedd Change from week ended Wednesday RReesseerrvvee BBaannkk ccrreeddiitt aanndd rreellaatteedd iitteemmss MMaarrcchh 3300,, March 23, March 31, March 30, 1983 1983 1982 1Q83 Reserve Bank credit: 1 2 U.S. government securities- Bought outright—system account 134,460 - 1,877 + 10,262 134,660 Held under repurchase agreements — — — 228 Federal agency obligations— Boughtoutright 8,915 — 98 8,915 Held under repurchase agreements — — 12 Acceptances- Bought outright — — Held under repurchase agreements — — 70 Loans to depository institutions 896 + 255 760 1,985 Includes: seasonal borrowing of 62 + 3 138 57 extended credit of 305 - 41 19 284 Float 1,973 - 144 86 1,743 Other F.R. assets 9,247 + 193 + 75 9,385 Total Reserve Bank credit 155,491 - 1,572 + 9,084 156,688" Gold stock 11,138 — 12 11,138 Special Drawing Rights certificate account 4,618 + 1,050 4,618 Treasury currency outstanding 13,786 — + 57 13,786 Total Factors 185,033 - 1,572 + 10,179 186,230 Currency in circulation* 153,355 - 12 + 12,453 154,250 Treasury cash holdings* 493 + 8 + 12 495 Treasury deposits with F.R. Banks 2,534 - 853 563 2,116 Foreign deposits with F.R. Banks 231 + 12 53 250 Other deposits with F.R. Banks 520 - 64 + 104 575 Required clearing balances 598 + 3 + 433 598 Other F.R. liabilities and capital 4,909 + 100 225 4,757 162,641 - 805 + 12,163 163,041 Reserve balances with F.R. Banks3 22,391 _ 768 1,985 23,188 Total vault cash 19,468 + 1,194 + 894 19,468 (a) Vault cash at institutions with required reserve balances 13,193 + 503 + 540 13,193 (b) Vault cash equal to required reserves at other institutions 2,701 + 332 + 440 2,701 (c) Surplus vault cash at other institutions4 3,574 + 359 86 3,574 Reserve balances + total vault cash3 41,859 + 426 1,091 42,656 Reserve balances + total vault cash used to satisfy reserve requirements 38,285 + 67 1,005 39,082 RReeqquuiirreedd rreesseerrvveess 37,837 _ 61 987 37,837 EExxcceessss rreesseerrvvee bbaallaanncceess aatt FF..RR.. BBaannkkss"" 4AB _±_ 1.28 __= L8_ 1 3?AS On March 30, 1983 , marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter national accounts were $ 109,450 million, a decrease of $ 515 million for the week. 1 Net of $ 3,190 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $3,190 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. 2 Net of $ 3,100 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 3,100 million was with foreign official and international accounts. Includes $ 50 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 30, 1983 March 23, 1983 March 31, 1982 ASSETS Gold certificate account 11,138 — 12 Special Drawing Rights certif. acct. 4,618 — + 1,050 Coin 479 16 + 47 Loans 1,985 + 1,160 661 Acceptances- __ _. Held under repurchase aggreements 488 Federal agency ab igations- Bought outright 8,915 -- 98 Held under repurchase agreements 1 -- — 82 U.S. government securities: Bought outright-Bills 53,478 - 2,151 + 7,935 Notes 62,187 — + 1,828 Bonds 1188,,999955 -- + 905 Total bought outrighl 2 113344,,666600 - 2,151 + 10,668 Held under repurchase agreements 1 -- — - 1,597 Total U.S. government securities 134,660 • 2,151 + 9,071 Total loans and securities 145,560 - 991 + 7,742 Cash items in process of collection < 2,109* 8,818 + 654 + 829 Bank premises 552 1 + 42 Other assets 3 8,833 + 28 + 314 TOTAL ASSETS 1 2,108* 179,998 326 + 10,012 LIABILITIES Federal Reserve notes 141,439 + 569 + 12,584 Deposits: Depository institutions 23,793 - 610 - 2,564 U.S. Treasury—general account 2,116 - 1,002 750 Foreign-official accounts 250 + 51 171 Other (16) 568 + 91 + 143 Defer T re o d ta a l v d a e i p la o b s i i l t i s ty cash items (, 2 ( , 1 0 6 9 ) 2i ) 2 7 6 , , 0 7 7 2 5 7 + - 1,4 5 7 0 0 1 + - 3,3 9 4 6 2 8 Other liabilities and accrued dividends 4 1,699 + 78 456 TOTAL LIABILITIES (2,108) 176,940 - 322 + 9,754 CAPITAL ACCOUNTS Capital paid in 1,393 -- + 95 Surplus 1,359 -- + 81 Other capital accounts 306 4 + 82 * 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 $3,100 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $50 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 30, 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 changeT Holdings^ Weekly changes" Within 15 days 1,968 4,596 - 3,826 309 187 16 days to 90 days 17 26,664 + 127 508 159 91 days to 1 year 41,519 + 1,548 1,862 24 Over 1 year to 5 years 32,128 4,614 4 Over 5 years to 10 years 12,970 1,104 Over 10 years 16,783 518 Total 1,985 134,660 2,151 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 30, 1983 Millions of dollars Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San City Francisco ASSETS Gold certificate account 11,138 570 3,202 554 744 967 402 1,476 418 154 6 75 743 1,233 Special Drawing Rights certif. acct. 4,618 241 1,335 225 302 408 161 646 170 61 241 310 518 Coin 479 30 28 17 55 60 51 26 28 22 52 30 80 Loans 1,985 241 23 191 12 67 444 106 11 111 80 278 421 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 53,478 2,471 16,822 1,783 3,529 4,537 1,361 7,589 1,801 6 74 2,526 3,625 6,760 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 2 134,660 6,222 42,358 4,488 8,887 11,426 3,427 19,111 4,534 1,697 6,361 9,128 17,021 Held under repurchase agreements 1 -0- -- -- -- — -- -- -- -- -- -- -- -- Total U.S. government securities 134,660 6,222 42,358 4,488 8,887 11,426 3,427 19,111 4,534 1,697 6,361 9,128 17,021 Total loans and securities 145,560 6,875 45,185 4,976 9,488 12,250 4,098 20,482 4,845 1,920 6,862 10,010 18,569 Cash items in process of collection 10,926 242 1,088 184 304 2,228 1,451 1,198 539 411 1,093 897 1,291 Bank premises 552 97 25 51 27 110 34 19 15 27 24 17 106 Other assets 3 8,833 286 2,533 334 582 556 550 1,222 259 234 403 583 1,291 Interdistrict settlement account -0- -1- 69 + 3,018 + 259 - 1,262 - 96 - 674 - 458 - 468 -1- 66 + 345 - 594 - 205 TOTAL ASSETS 182,106 8,410 56,414 6,600 10,240 16,483 6,073 24,611 5,806 2,895 9,695 11,996 22,883 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 $ 3,100 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 50 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 30, 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 141,439 7,287 45,425 5,460 8,698 12,898 3,014 20,315 4,602 1,867 7,372 8,817 15,684 Deposits: Depository institutions 23,793 712 6,296 686 956 1,084 1,666 2,880 555 500 1,061 2,073 5,324 U.S. Treasury—general account 2,116 — 2,116 — — — — — — — — — — Foreign—official accounts 250 4 136 7 11 8 12 21 4 5 7 10 25 Other 584 1 456 — — 27 1 88 — — 2 1 8 Total deposits 26,743 717 9,004 693 967 1,119 1,679 2,989 559 505 1,070 2,084 5,357 Deferred availability cash items 9,167 231 803 248 234 2,146 1,089 626 496 394 1,030 752 1,118 Other liabilities and accrued dividends 1 1,699 87 414 62 125 155 58 265 62 28 86 124 233 TOTAL LIABILITIES 179,048 8,322 55,646 6,463 10,024 16,318 5,840 24,195 5,719 2,794 9,558 11,777 22,392 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 306 15 96 13 18 22 11 42 10 3 12 25 39 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 182,106 8,410 56,414 6,600 10,240 16,483 6,073 24,611 5,806 2,895 9,695 11,996 22,883 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 159,624 8,277 48,330 7,247 9,382 14,146 5,301 21,808 5,287 2,285 8,717 10,497 18,347 Less-Held by F.R. Banks 1 18,185 990 2,905 1,787 684 1,248 2,287 1,493 685 418 1,345 1,680 2,663 F. R. notes, net 1 141,439 7,287 45,425 5,460 8,698 12,898 3,014 20,315 4,602 1,867 7,372 8,817 15,684 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 cert if. 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 125,683 6,476 40,888 4,681 7,652 11,523 2,451 18,193 4,014 1,652 6,456 7,764 13,933 Total collateral 141,439 7,287 45,425 5,460 8,698 12,898 3,014 20,315 4,602 1,867 7,372 8,817 15,684 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