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. May 13, 1983 ] Averages of daily figures (millions of dollars) RRReeessseeerrrvvveeesss ooofff dddeeepppooosssiiitttooorrryyy iiinnnssstttiiitttuuutttiiiooonnnsss,,, 11 WWeeeekk eennddeedd | Change from week ended 1 Wednesday RRReeessseeerrrvvveee BBBaaannnkkk cccrrreeedddiiittt,,, aaannnddd rrreeelllaaattteeeddd iiittteeemmmsss MMaayy 1111,, May 4, 1 Kh12- May 11, 11998833 1983 1983 Reserve Bank credit: |1 2 U.S. government securities- Bought outright-system account 138,058 120 + 9,395 136,869 Held under repurchase agreements 1,812 Federal agency obligations- Bought outright 8.908 1 - 100 8,908 Held under repurchase agreements 114 Acceptances- Bought outright Held under repurchase agreements 366 Loans to depository institutions 709 219 ,408 1,170 Includes: seasonal borrowing of 91 10 127 79 extended credit of 506 + 13 + 314 533 Float 2,095 181 39 2,305 Other F.R, assets 9,667 + 14 113 9,848 Total Reserve Bank credit 159,436 - 2,799 + 8,733 159,100 Gold stock 11,134 1 15 11,132 Special Drawing Rights certificate account 4,618 4- 800 4,618 Treasury currency outstanding 13,786 + 30 13,786 Total Factors 188,974 2,800 + 9,548 188,636 Currency in circulation* 156,993 + 1,235 + 12,337 157,720 Treasury cash holdings* 530 + 6 + 38 530 Treasury deposits with F.R. Banks 3,812 - 2,041 882 3,552 Foreign deposits with F.R. Banks 223 35 94 222 Other deposits with F.R. Banks 554 146 + 7ft i 556 Required clearing balances 689 + 43 + 506 689 Other F.R. liabilities and capital 4,894 279 363 4,680 167,695 1,217 + 11,621 167,949 Reserve balances with F.R. Banks3 21,278 | 1,583 2,073 20,687 Total vault cash 20,294 + 76 + 655 20,294 (a) Vault cash at institutions with required reserve balances 13,596 206 + 272 13,596 (b) Vault cash equal to required reserves at other institutions 3,030 + 143 1 + 547 3,030 (c) Surplus vault cash at other institutions4 3,668 + 139 | 164 3,668 Reserve balances + total vault cash3 41,572 - 1,507 1,418 40,981 Reserve balances + total vault cash used to satisfy reserve requirements5 37,904 1,646 1,254 37,313 Required reserves 37,568 1,376 1,326 37,568 6 Excess reserve balances at F.R. Banks J 336 J 270 + 72 _J 255 On May 11, 1983 , marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter national accounts were $ 109,971 million, a decrease of $ 910 million for the week. 1 Net of $ 2,629 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $2,123 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. Government securities. 2 Net of $ 3,818 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $2,638 million was with foreign official and international accounts. Includes $ 28 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 Mav 11. 1983 May 4 . 1983 Mav 12, 1982 ASSETS Gold certificate account 11,132 - 3 - 17 Special Drawing Rights certif. acct. 4,618 -- + 800 Coin 439 - 27 + 46 Loans 1,170 + 372 - 587 Acceptances— Held under repurchase aggreements — -- -- Federal agency abligations— Bought outright 8,908 — - 100 Held under repurchase agreements 1 — — -. U.S. government securities: Bought outright-Bills 55,687 - 1,462 + 5,126 Notes 62,187 — + 1,044 Bonds 1188,,999955 -- ++ 854 Total bought outright 2 113366,,886699 __ 1,462 ++ 7,024 Held under repurchase agreements 1 — -. — Total U.S. government securities 136,869 .... 1,462 ++ "" 7,024 Total loans and securities 146,947 - 1,090 + 6,337 Cash items in process of collection (2,082 ) 8,834 - 908 + 270 Bank premises 553 — + 38 Other assets 3 9,295 + 241 + 156 TOTAL ASSETS (2,082 ) 181,818 1,787 + 7,630 t LIABILITIES Federal Reserve notes 144,903 + 1,053 + 12,392 Deposits: Depository institutions 21,380 - 1,443 - 5,574 U.S. Treasury—general account 3,552 - 491 + 501 Foreign—official accounts 222 + 5 - 5 Other (2) 552 - 4 + 11 Total deposits (2) 25,706 - 1,933 - 5,067 Deferred availability cash items (2,080 ) 6,529 - 815 + 667 Other liabilities and accrued dividends 4 1,577 - 119 - 544 TOTAL LIABILITIES (2,082 ) 178,715 - 1,814 + 7,448 CAPITAL ACCOUNTS Capital paid in 1,409 + 1 + 100 Surplus 1,359 — + 81 Other capital accounts 335 + 26 + 1 * 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 $3,818 million matched sale-purchase transactions outstanding at the end of the latest: statement week. Includes $28 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 $36 million in Treasury Bills maturing within 90 days. A Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. MATURITY DISTRIBUTION OF LOANS AND SECURITIES May 11, 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 obi igations LLooaannss AAcccceeppttaanncceess Holdings | Weekly changes Holdings | Week ly changes Within 15 days 1,132 — 6,269 + 498 32 - 94 16 days to 90 days 38 -- 24,799 - 1,927 549 - 32 91 days to 1 year -. -- 44,701 - 33 2,095 + 41 Over 1 year to 5 years .- -- 31,489 -- 4,529 + 30 Over 5 years to 10 years -- — 12,828 -- 1,185 + 55 Over 10 years — ---- 1166,,778833 -- 551188 — __ Total 1,170 113366,,886699 1,462 88,,990088 .- 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 May 11, 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 11,132 577 3,369 541 659 963 371 1,504 418 143 605 750 1,232 Special Drawing Rights certif. acct. 4,618 241 1,335 225 302 408 161 646 170 61 241 310 518 Coin 439 24 25 18 52 53 46 22 25 23 53 25 73 Loans 1,170 4 405 14 4 13 15 134 8 10 37 517 9 Acceptances held under repurchase agreements -0- -- -- — — «-- -- ... -- — — — -- Federal agency obligations: Bought outright 8,908 418 2,916 297 528 740 216 1,228 252 109 458 616 1,130 Held under repurchase agreements 1 -0- -- -- — — -- — — -- — -- -- -- U.S. government securities: Bought outright—Bills 55,687 2,612 18,232 1,858 3,300 4,625 1,350 7,674 1,578 681 2,863 3,853 7,061 Notes 62,187 2,917 20,361 2,074 3,684 5,164 1,508 8,570 1,763 761 3,196 4,303 7,886 Bonds 18,995 891 6,219 634 1,125 1,577 461 2,618 538 233 976 1,314 2,409 Total bought outright 2 136,869 6,420 44,812 4,566 8,109 11,366 3,319 18,862 3,879 1,675 7,035 9,470 17,356 Held under repurchase agreements 1 -0- -- -- — -- -- -- — -- — -- -- — Total U.S. government securities 136,869 6,420 44,812 4,566 8,109 11,366 3,319 18,862 3,879 1,675 7,035 9,470 17,356 Total loans and securities 146,947 6,842 48,133 4,877 8,641 12,119 3,550 20,224 4,139 1,794 7,530 10,603 18,495 Cash items in process of collection 10,916 199 1,235 297 442 2,153 1,494 1,018 505 412 1,115 758 1,288 Bank premises 553 97 25 51 27 110 34 19 15 27 24 18 106 Other assets 3 9,295 310 2,721 355 608 578 572 1,259 254 239 441 629 1,329 Intendistrict settlement account -0- + 299 + 1,748 + 154 - 488 + 151 - 85 - 50 + 245 + 135 - 164 - 1,041 - 904 TOTAL ASSETS 183,900 8,589 58,591 6,518 10,243 16,535 6,143 24,642 5,771 2,834 9,845 12,052 22,137 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 $ 3,818 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 28 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 $ 36 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 May 11, 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 144,903 7,543 46,304 5,509 8,690 13,217 3,133 20,891 4,664 1,895 7,595 9,076 16,386 Deposits: Depository institutions 21,380 677 6,293 584 941 930 1,625 2,554 510 430 965 1,930 3,941 U.S. Treasury—general account 3,552 — 3,552 — — — — — — — — Foreign—official accounts 222 4 109 7 11 8 12 20 4 5 7 10 25 Other 554 — 467 — 1 28 1 53 — — 2 1 1 Total deposits 25,708 681 10,421 591 953 966 1,638 2,627 5~l4 435 974 1,941 3,967 Deferred availability cash items ! 8,609 192 661 215 265 2,043 1,082 456 455 375 1,116 689 1,060 Other liabilities and accrued dividends 1 1,577 84 417 61 119 146 54 249 52 27 15 123 230 TOTAL LIABILITIES 180,797" 8,500 57,803 6,376 . 10,027 16,372 5,907 24,223 5,685 2,732 9,700 11,829 21,643 CAPITAL ACCOUNTS Capital paid in 1,409 38 348 66 99 71 115 190 39 49 64 101 229 Surplus 1,359 35 332 60 99 72 109 185 38 49 62 94 224 Other capital accounts 335 16 108 16 18 20 12 44 9 4 19 28 4J, TOTAL LIABILITIES AND CAPITAL ACCOUNTS 183,900 8,589 58,591 6,518 10,243 16,535 6,143 24,642 5,771 2,834 9,845 12,052 22,137 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 162,019 8,399 48,566 7,842 9,333 14,330 5,016 22,689 5,381 2,256 8,963 10,719 18,525 Less-Held by F.R. Banks 17,116 _ 856 2,262 2,333 643 1,113 1,883 1,798 717 361 1,368 1,643 2,139 F.R. notes, net 144,903 7,543 46,304 5,509 8,690 13,217 3,133 20,891 4,664 1,895 7,595 9,076 16,386 Collateral held against F.R. notes: Gold certificate account 11,132 577 3,369 541 659 963 371 1,504 418 143 605 750 1,232 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 129,153 6,725 41,600 4,743 7,729 11,846 2,601 18,741 4,076 1,691 6,749 8,016 14,636 Total collateral 144,903 7,543 46,304 5,509 8,690 13,217 3,133 20,891 4,664 1,895 7,595 9,076 16,386 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