H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Reserves of Depository Institutions and ffSTK^V Condition Statement of F.R. Banks FOR RELEASE AT 4:15 p.m. EASTERN TIME HAL July 8, 1983 [" Averages of daily figures (mill ons of dollars) RRReeessseeerrrvvveeesss ooofff dddeeepppooosssiiitttooorrryyy iiinnnssstttiiitttuuutttiiiooonnnsss,,, WWeeeekk eennddeedd 1 Change from week ended Wednesday RRReeessseeerrrvvveee BBBaaannnkkk cccrrreeedddiiittt,,, aaannnddd rrreeelllaaattteeeddd iiittteeemmmsss JJuullyy 66,,** June 29, July ^ ! July 6, * iwn 1Q81 1982 1<MH Reserve Bank credit: [i 2 U.S. government securities- Bought outright—system account 141,789 4- 174 4- 12,691 141,448 Held under repurchase agreements 1,306 + 1,306 - 1,084 2,400 Federal agency obligations- Bought outright 8,890 i - 111 8,890 Held under repurchase agreements 170 4- 170 - 382 165 Acceptances- Bought outright — — — — Held under repurchase agreements 144 + 144 - 600 63 Loans to depository institutions 2,236 + 134 4- 1,166 1,634 includes: seasonal borrowing of 143 — - 112 137 extended credit of 1,103 159 4- 1,018 719 Float 2,222 + 589 4- 633 2,281 Other F.R. assets 8,451 58 - 127 8,737 Total Reserve Bank credit 165,207 + 2,459 4- 12,184 165,618 Gold stock 11,131 — - 18 11,131 Special Drawing Rights certificate account 4,618 — 4- 800 4,618 Treasury currency outstanding 13,786 — 4- 5 .13,786 Total Factors 194,742 + 2,459 4- 12,971 195,153 Currency in circulation** 160,786 4- 1,953 4- 12,927 161,688 Treasury cash holdings** 533 — 4- 91 533 Treasury deposits with F.R. Banks 4,454 + 596 4- 1,084 3,621 Foreign deposits with F.R. Banks 267 4- 46 - 2 279 Other deposits with F.R. Banks 546 29 - 89 492 Required clearing balances 778 4- 6 4- 565 778 Other F.R. liabilities and capital 5,137 60 4- 3 5,040 172,499 4- 2,511 4- 14,578 172,431 Reserve balances with F.R. Banks3 22,242 52 _ 1,608 22,721 Total vault cash 20,252 4- 50 4- 592 20,252 (a) Vault cash at institutions with required reserve balances 13,833 149 4- 541 13,833 (b) Vault cash equal to required reserves at other institutions 2,944 4- 135 4- 366 2,944 (c) Surplus vault cash at other institutions4 3,475 + 64 - 315 3,475 R eserve ba 1 ances + tota 1 va u 11 cash 3 42,494 2 - 1,016 42,973 Reserve balances + total vault cash used to satisfy reserve requirements5 39,019 66 - 701 39,498 RReeqquuiirreedd rreesseerrvveess ,, 38,072 i 494 - 1,148 38,072 EExxcceessss rreesseerrvvee bbaallaanncceess aatt FF..RR.. BBaannkkss || 947 + 428 4- 447 1,426 On July 6, 1983 , marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter national accounts were $ 111*473 million, an increase of $715 million for the week. 1 Net of $ 2,309 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 2,309 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. Government securities. 2 Net of $2,737 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 2,737 million was with foreign official and international accounts. Includes $ 454 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.(San Francisco District). ** 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 tttt WWeeddnneessddaayy tfedne«day Wednesday JJuullyy 66,, 11998833 June 29. 1933 Julv 7 1982 r ASSETS Gold certificate account 11,131 «... 18 Special Drawing Rights certif. acct. 4,'618 — + 800 Coin 375 - . 12 33 Loans 1,634 - 446 + 954 Acceptances- Held under repurchase aggreernents 63 + 63 799 Federal agency obligations- Bought outright 8,890 ... 111 Held under repurchase agreements 1 165 + 165 - 499 U.S. government securities: Bought outright-Bills 59,150 + 719 + 9,978 Notes 63,107 ._ + 1,964 Bonds 1199,,119911 — + 1,050 Total bought outright 2 114411,,444488 + 719 +12,992 Held under repurchase agreements 1 2,400 + 2,400 - 1,287 Total U.S. government securities 143,84a 4- 3,119 +11,705 Total loans and securities 154,600 + 2,901 +11,250 Cash items in process of collection (3,062 ) 10,956 + 2,481 + 43 Bank premises 555 + 2 + 34 Other assets 3 8,182 98 - 102 TOTAL ASSETS ((33,,006622 )) 190,417 + 5,274 +11,974 LIABILITIES Federal Reserve notes 148,811 + 1,733 +12,754 Deposits: Depository institutions 23,507 + 2,020 --- 111,,,555222555 U.S. Treasury—general account 3,621 405 +++ 333888777 Foreign-official accounts 279 +++ 333888 +++ 888777 Other (2) 484 +++ 444888 111222777 Total deposits (2) 27,891 +++ 111,,,777000111 --- 111,,,111777888 Deferred availability cash items (3,060 ) Other liabilities and accrued dividends 4 8 675 +++ 111,,,888333888 +++ 555999000 11,,997799 +++ 555222 TOTAL LIABILITIES (3,062 ) 316 118877,,335566 +++ 555,,,333222444 +11,850 CAPITAL ACCOUNTS Capital paid in 1,426 + 5 + 97 Surplus 1,359 .... + 81 Other capital accounts 276 55 54 * 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 $2,309 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $454 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 $32 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. ** Estimated (San Francisco District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES July 6, 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 changes" UolcTi ngs Weekly changes Within 15 days 1,545 63 7,500 + 1,540 276 + 84 16 days to 90 days 89 31,581 + 1,485 667 + 85 91 days to 1 year 43,415 + 576 2,007 - 5 Over 1 year to 5 years 32,585 - 482 4,421 Over 5 years to 10 years 11,700 1,166 + 1 Over 10 years 17,067 518 -- Total 1,634 63 143,848 + 3,119 9,055 165 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 July 6, 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 11,131 827 3,168 541 659 913 371 1,504 468 143 605 750 1,182 Special Drawing Rights certif. acct. 4,618 241 1,335 225 302 408 161 646 170 61 241 310 5 IS Coin 375 14 22 13 41 44 43 14 22 21 48 25 68 Loans 1,634 10 10 36 2 120 1 71 35 59 63 464 763 Acceptances held under repurchase agreements 63 -- 63 -- -- -- -- -- -- -- _- -- .. 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 1 165 — 165 ~ -- -- -- -- — -.- -. .- U.S. government securities: Bought outright-Bills 59,150 2,774 19,366 1,974 3,504 4,912 1,435 8,151 1,676 724 3,040 4,093 7,501 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 2 141,448 6,634 46,311 4,719 8,380 11,746 3,430 19,493 4,009 1 ,731 7,270 9,788 17,937 Held under repurchase agreements 1 2,400 -- 2,400 -- -- -- -- -- -- _- .- -- Total U.S. government securities 143,848 6,634 48,711 4,719 8,380 H.746 3,430 19,493 4,009 T. 731 7,270 9,788 17,937 Total loans and securities 154,600 7,061 51,860 5,051 8,909 12,604 3,647 20,789 4,296 1 ,899 7,790 10,867 19,827 Cash items in process of collection 14,018 385 1,012 454 526 3,250 1,992 1,355 769 551 1,648 905 1,171 Bank premises 555 97 25 51 27 110 34 19 15 28 24 18 107 Other assets 3 8,182 260 2,479 309 530 511 514 1,074 236 215 372 530 1,152 Interdistrict settlement account -0- + 468 - 461 + 575 - 221 + 119 + 312 - 222 + 169 - 28 - 253 - 379 79 TOTAL ASSETS 193,479 9,353 59,440 7,219 10,773 17,959 7,074 25,179 6,145 2 ,890 10,475 13,026 23,946 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 $ 2,309 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $454 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 $ 32 million in Treasury Bills maturing within 90 days. * Estimated (San Franci»co District). 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 July 6, 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 148,811 8,041 46,804 5,614 8,903 13,546 3,523 21,123 4,844 1,740 7,834 9,711 17,128 Deposits: Depository institutions 23,507 779 6,077 1,030 1,135 975 1,830 2,700 468 504 817 2,071 5,121 U.S. Treasury—general account 3,621 — 3,621 — — — — — — — — Foreign—official accounts 279 4 166 7 11 8 12 20 4 5 7 10 25 Other 486 1 397 — 1 25 4 48 2 1 2 2 3 Total deposits 27,893 784 10,261 1,037 1,147 1,008 1,846 2,768 474 510 826 2,083 5,149 Deferred availability cash items 11,735 352 936 361 393 3,085 1,415 613 688 516 1,576 881 919 Other liabilities and accrued dividends 1 1,979 90 663 65 117 157 55 265 54 23 99 130 261 TOTAL LIABILITIES 190,418 9,267 58,664 7,077 10,560 17,796 6,839 24,769 6,060 2,789 10,335 12,805 23,457 CAPITAL ACCOUNTS Capital paid in 1,426 38 350 68 101 72 118 191 39 50 65 104 230 Surplus 1,359 35 332 60 99 72 109 185 38 49 62 94 224 Other capital accounts 276 13 94 14 13 19 8 34 8 2 13 23 35 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 193,479 9,353 59,440 7,219 10,773 17,959 7,074 25,179 6,145 2,890 10,475 13,026 23,946 FEDERAL RESERVE AGENTS' " ACCOUNTS F.R. notes outstanding 166,546 '8,991 49,121 8,026 9,494 14,752 5,451 22,980 5,401 2,283 9,317 11,291 19,439 Less-Held by F.R. Banks 17,735 950 2,317 2,412 591 1,206 1,928 1,857 557 543 1,483 1,580 2,311 F.R. notes, net 148,811 8,041 46,804 5,614 8,903 13,546 3,523 21,123 4,844 1,740 7,834 9,711 17,128 Collateral held against F.R. notes: Gold certificate account 11,131 827 3,168 541 659 913 371 1,504 468 143 605 750 1,182 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 133,062 6,973 42,301 4,848 7,942 12,225 2,991 18,973 4,206 1,536 6,988 8,651 15,428 Total collateral 148,811 8,041 46,804 5,614 8,903 13,546 3,523 21,123 4,844 1,740 7,834 9,711 17,128 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. Estimated (San Francisco District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis