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 H.4.1. FOR RELEASE AT 4:15 p.m. EASTERN TIME June 24, 1983 Averages of daily figures (millions of dollars) RRReeessseeerrrvvveeesss ooofff dddeeepppooosssiiitttooorrryyy iiinnnssstttiiitttuuutttiiiooonnnsss... WWeeeekk eennddeedd Change from week ended Wednesday RRReeessseeerrrvvveee BBBaaannnkkk cccrrreeedddiiittt,,, aaannnddd rrreeelllaaattteeeddd iiittteeemmmsss JJuunnee 2222,, June 15, June 23, June 22, 1Q*1 \QR1 13&2 1983 - Reserve Bank credit: 1 2 U.S. government securities- Bought outright-system account 141,953 + 1,032 + 11,456 142,137 Held under repurchase agreements 474 + 474 366 1,319 Federal agency obligations- Bought outright 8,890 - 3 112 8,890 Held under repurchase agreements 47 + 47 187 142 Acceptances- Bought outright — — — — Held under repurchase agreements 83 + 83 206 272 Loans to depository institutions 1,715 - 97 + 701 1,900 Includes: seasonal borrowing of 125 + 15 128 130 extended credit of 1,061 - 35 + 965 1,016 Float 1,771 + 272 293 2,047 Other F.R. assets 8,488 + . 250 364 8,640 Total Reserve Bank credit 163,421 + 2,058 + 10,628 165,347 Gold stock 11,131 — 18 11,131 Special Drawing Rights certificate account 4,618 — + 800 4,618 Treasury currency outstanding 13,786 -_ — + 9 13,786 Total Factors 192,956 2,058 + 11,420 194,882 Currency in circulation* 159,058 - 335 + 12,737 159,073 Treasury cash holdings* 545 + 6 + 90 545 Treasury deposits with F.R. Banks 3,838 + 707 + 108 3,379 Foreign deposits with F.R. Banks 213 - 8 58 180 Other deposits with F.R. Banks 516 - 27 + 66 453 Required clearing balances 760 + 12 + 554 760 Other F.R. liabilities and capital 5,206 + 160 265 5,053 170,136 + 517 + 13,233 169,443 Reserve balances with F.R. Banks3 22,818 + 1,541 1,816 25,438 Total vault cash 19,615 - 850 + 951 19,615 (a) Vault cash at institutions with required reserve balances 13,819 + 370 + 995 13,819 (b) Vault cash equal to required reserves at other institutions 2,564 - 650 + 237 2,564 (c) Surplus vault cash at other institutions4 3,232 - 570 281 3,232 Reserve balances + total vault cash3 42,433 + 691 865 45,053 Reserve balances + total vault cash used to satisfy reserve requirements5 39,201 + 1,261 584 41,821 RReeqquuiirreedd rreesseerrvveess ffii 38,594 + 1,003 971 38,594 EExxcceessss rreesseerrvvee bbaallaanncceess aatt FF..RR.. BBaannkkss 607 + 258 + 387 3.227 On June 22, 1983 , marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter national accounts were $ 108,667 million, a decrease of $1,561 million for the week. 1 Net of $1,826 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 1,826 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. Government securities. 2 Net of $1,677 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ i ,677 million was with foreign official and international accounts. Includes $ 113 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 June 22, 1983 June 15, 1983 June 23, 1982 ASSETS Gold certificate account 11,131 -- - 18 Special Drawing Rights certif. acct. 4,618 -- + 800 Coin 398 - 3 - 10 Loans 1,900 - 2,512 + 846 Acceptances- Held under repurchase aggreements 272 + 272 + 272 Federal agency obligations- Bought outright 8,890 -- - 112 Held under repurchase agreements 1 142 + 142 + 142 U.S. government securities: Bought outright-Bills 59,839 + 2,139 + 8,102 Notes 63,107 -- + 1,964 Bonds 1199..119911 — ++ 1,050 Total bought outright 2 114422,,113377 ++ 2,139 ++ 11,116 Held under repurchase agreements 1 1,319 + 1,319 + 1,319 Total U.S. government securities 143,456 + 3,458 + 12,435 Total loans and securities 154,660 + 1,360 + 13,583 Cash items in process of collection (2,603) 9,125 + 2 + 350 Bank premises 554 — + 35 Other assets 3 8,086 . 198 - 427 TOTAL ASSETS (2,603 ) 188,572 + 1,161 + 14,313 LIABILITIES Federal Reserve notes 146,231 - 523 + 12,725 Deposits: Depository institutions 26,204 + 2,177 + 442 U.S. Treasury-general account 3,379 + 209 + 522 Foreign—official accounts 180 - 91 - 95 Other (2) 447 - 163 + 24 Total deposits (2) 30,210 + 2,132 + " 893 Deferred availability cash items (2,601) 7,078 - 601 + 871 Other liabilities and accrued dividends 4 1,937 +_ 150 - 330 TOTAL LIABILITIES (2,603 ) 185,456 +" 1,158 + "1 4,159 CAPITAL ACCOUNTS Capital paid in 1,420 + 4 + 93 Surplus 1,359 — + 81 Other capital accounts 337 - 1 - 20 * 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 $794 million was outstanding at the end of the latest statement week. 2 Net of $1,677 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $113 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 $30 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 June 22, 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 1,851 272 7,736 - 546 301 + 273 16 days to 90 days 49 — 31,000 + 2,341 571 . 131 91 days to 1 year -- -- 42,886 + 1,663 1,976 -- Over 1 year to 5 years -- -- 33,067 .... 4,501 — Over 5 years to 10 years — -- 11,700 — 1,165 ._ Over 10 years -- -- 1177,,006677 -- 551188 -_ Total 1,900 272 114433,,445566 ++ 3,458 99,,003322 ++ 141 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 June 22, 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 11,131 677 3,268 541 659 963 371 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 398 17 23 16 44 44 48 15 25 21 50 25 70 Loans 1,900 19 21 118 39 71 209 87 46 63 152 544 531 Acceptances held under repurchase agreements 272 -- 272 — — — -- — -- -- -- -- — Federal agency obligations: Bought outright 8,890 417 2,911 296 527 738 216 1,225 252 109 457 615 1,127 Held under repurchase agreements 1 142 -- 142 -- -- -- -- -- -- -- -- -- -- U.S. government securities: Bought outright-Bills 59,839 2,807 19,592 1,997 3,545 4,969 1,451 8,246 1,696 732 3,076 4,140 7,588 Notes 63,107 2,960 20,662 2,105 3,739 5,240 1,530 8,697 1,789 772 3,244 4,367 8,002 Bonds 19,191 900 6,283 640 1.137 1,594 465 2,645 544 235 986 1,328 2,434 Total bought outright 2 142,137 6,667 46,537 4,742 8,421 11,803 3,446 19,588 4,029 1,739 7,306 9,835 18,024 Held under repurchase agreements 1 1,319 — 1,319 -« -- -- -- -- -- -- -- -- -- Total U.S. government securities 143,456 6,667 47,856 4,742 8,421 11,803 3,446 19,588 4,029 1,739 7,306 9,835 18,024 Total loans and securities 154,660 7,103 51,202 5,156 8,987 12,612 3,871 20,900 4,327 1,911 7,915 10,994 19,682 Cash items in process of collection 11,728 252 1,064 334 371 2,334 1,497 1,075 622 527 1,296 924 1,432 Bank premises 554 97 25 51 27 110 34 20 15 27 24 18 106 Other assets 3 8,086 259 2,401 305 499 481 492 1,072 243 208 373 619 1,134 Interdistrict settlement account -0- + 365 - 350 + 102 - 462 - 4 + 267 - 666 + 187 - 133 - 287 - 1,006 + 1,987 TOTAL ASSETS 191,175 1 9,011 58,968 6,730 10,427 16,948 6,741 24,566 6,007 2,765 10,217 12,634 26,161 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 $ 794 million was outstanding at the end of the latest statement week. 2 Net of $ 1,677 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 113 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 $ 30 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 June 22, 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 146,231 7,842 46,120 5,399 8,713 13,195 3,408 20,776 4,726 1,818 7,643 9,582 17,009 Deposits: Depository institutions 26,204 755 7,075 832 1,111 1,145 1,875 2,537 594 397 1,087 1,761 7,035 U.S. Treasury—general account 3,379 3,379 Foreign—official accounts 180 4 67 7 11 8 12 20 4 5 7 10 25 Other 449 1 377 1 19 1 44 2 2 2 Total deposits 30,212 760 10,898 839 1,123 1,172 1,888 2,601 598 402 1,096 1,773 7,062 Deferred availability cash items 9,6/9 229 572 279 253 2,254 1,147 495 540 415 1,232 917 1,346 Other liabilities and accrued dividends 1 1,937 91 590 68 120 161 58 275 56 28 102 137 251 TOTAL LIABILITIES 188,059 8,922 58,180 6,585 10,209 16,782 6,501 24,147 5,920 2,663 10,073 12,409 25,668 CAPITAL ACCOUNTS Capital paid in 1,420 38 349 68 101 71 117 190 39 49 65 103 230 Surplus 1,359 35 332 60 99 72 109 185 38 49 62 94 224 Other capital accounts 337 16 107 17 18 23 14 44 10 4 17 28 39 TOTAL LIABILITIES AND CAPITAL * ACCOUNTS 191,175 9,011 58,968 6,730 10,427 16,948 6,741 24,566 6,007 2,765 10,217 12,634 26,161 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 166,001 8,829 48,911 8,006 9,501 14,588 5,597 22,853 5,475 2,298 9,232 11,307 19,404 Less-Held by F.R. Banks 19,770 987 2,791 2,607 788 1,393 2,189 2,077 749 480 1,589 1,725 2,395 F.R. notes, net 146,231 7,842 46,120 5,399 8,713 13,195 3,408 20,776 4,726 1,818 7,643 9,582 17,009 Collateral held against F.R. notes: Gold certificate account 11,131 677 3,268 541 659 963 371 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 U.S. govt, and agency securities 130,482 6,924 41,517 4,633 7,752 11,824 2,876 18,626 4,138 1,614 6,797 8,522 15,259 Total collateral 146,231 7,842 46,120 5,399 8,713 13,195 3,408 20,776 4,726 1,818 7,643 9,582 17,009 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