H.4.1 Factors Affecting Reserve Balances of Depository Institutions

••iiwafc- FEDERAL RESERVE •?33fP£.- Factors Affecting Reserves of Depository Institutions and Condition Statement of F.R. Banks FOR RELEASE AT 4:15 p.m. EASTERN TIME H.4.1. July 15, 1983 Averages of daily figures (millions of dollars) RReesseerrvveess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss,, WWeeeekk eennddeedd Change from week ended Wednesday RRppccpprrvvpp RRaannkk rrrrppHHiitt aanndd rrppllaattppHH iittppnnrrKK 1 1 WO^I V w UCI 1 1IX Ul WVJ 1 L, CMIVJ 1 WIQ IwVJ 1 ICI 1 13 JJuullyy 1133,, J uly 6, July 14, July 13, i<m 198^ 1QR2 1Q?n Reserve Bank credit: 1 2 U.S. government securities- Bought outright—system account 143,163 + 1,374 + 11,963 144,276 Held under repurchase agreements — - 1,306 - 478 — Federal agency obligations- Bought outright 8,886 - 4 - 115 8,880 Held under repurchase agreements — - 170 - 119 — Acceptances- Bought outright — — — — Held under repurchase agreements — - 144 - 96 — Loans to depository institutions 1,147 - 1,088 + 588 3,005 Includes: seasonal borrowing of 144 + 1 - 89 156 extended credit of 434 - 669 + 366 448 Float 2,644 + 508 - 222 2,622 Other F.R. assets 8,637 + 173 - 105 8,807 Total Reserve Bank credit 164,476 - 658 + 11,416 167,590 Gold stock 11,131 — - 18 11,131 Special Drawing Rights certificate account 4,618 — + 800 4,618 Treasury currency outstanding 13,786 — — 13,786 Total Factors 194,011 ~ 658 ~T~ 12,198 197,125 Currency in circulation* 161,662 + 877 + 12,858 161,657 Treasury cash holdings* 531 - 2 + 99 530 Treasury deposits with F.R. Banks 4,498 + 44 + 1,149 3,526 Foreign deposits with F.R. Banks 209 - 58 - 49 196 Other deposits with F.R. Banks 645 + 99 + 74 656 Required clearing balances 813 + 35 + 600 813 Other F.R. liabilities and capital 5,088 - 45 - 107 4,984 173,446 + 951 + 14,624 172,362 _ _ Reserve balances with F.R. Banks3 20,565 1,608 2,426 24,762 Total vault cash 21,016 + 764 + 770 21,016 (a) Vault cash at institutions with required reserve balances 13,740 - 93 + 284 13,740 (b) Vault cash equal to required reserves at other institutions 3,390 + 446 + 727 3,390 (c) Surplus vault cash at other institutions4 3,886 + 411 - 241 3,886 Reserve balances + total vault cash3 41,581 - 844 - 1,656 45,778 Reserve balances + total vault cash used to satisfy reserve requirements5 37,695 - 1,255 - 1,415 41,892 RReeqquuiirreedd rreesseerrvveess 37,245 - 827 - 1,681 37,245 EExxcceessss rreesseerrvvee bbaallaanncceess aatt FF..RR.. BBaannkkss 450 - 428 + 266 4,647 On JulY 13> 1983 marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter national accounts were $ 110.711 j||jon,a decrease of $762 million for the week. m 1 Net of $2 »°37 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 2 ,037 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. 2 Net of $ 1 >077 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 1,077 million was with foreign official and international accounts. Includes $ 178 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 July 13, 1983 July 6, 1983 July 14. 1982 ASSETS Gold certificate account 11,131 -- 18 Special Drawing Rights certif. acct. 4,618 -- + 800 Coin 379 + 4 33 Loans 3,005 + 1,379 + 2,354 Acceptances- Held under repurchase aggreements __ „. 63 — — Federal agency obligations - Bought outright 8,880 - 10 121 Held under repurchase agreements 1 -- - 165 _. U.S. government securities: Bought outright-Bills 61,003 + 1,853 +10,159 Notes 63,958 + 851 + 1,940 Bonds 19,315 + 124 + 1,051 Total bought outright 2 144,276 + 2,828 +13,150 Held under repurchase agreements 1 — 22,,440000 -- Total U.S. government securities 144^,276 ++"" 442288 +13,150 Total loans and securities 156,161 + 1,569 +15,383 Cash items in process of collection ( 2,529) 9,496 - 1,939 + 1,062 Bank premises 553 - 2 + 29 Other assets 3 8,254 - 23 149 TOTAL ASSETS (( 22,,552299)) 190,592 2___ 391 +17,074 LIABILITIES Federal Reserve notes 148,781 - 24 + 12,873 Deposits: Depository institutions 25,583 + 2,076 + 2,709 U.S. Treasury—general account 3,526 95 + 646 Foreign—official accounts 196 _ 83 43 Other 648 + 164 + 129 Total deposits 29,953 + 2,062 ++ 33,,444411 Deferred availability cash items ( 2,529> 6,874 2,396 ++ 776666 Other liabilities and accrued dividends 4 1,862 _ 105 172 TOTAL LIABILITIES ' 2,529) 187,470 ~ 463 +16,908 CAPITAL ACCOUNTS Capital paid in 1,426 -- + 92 Surplus 1,359 __ + 81 Other capital accounts 337 + 72 7 Figures in parentheses are the eliminations made in the consolidating process. Does not include U.S. government and federal agency securities resold under matched sale-purchase transactions to foreign official and international accounts of which $1,125 million was outstanding at the end of the latest statement week. Net of $1,077 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $178 million securities loaned—fully secured by U.S. government securities. Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes special investment account at Chicago of $26 million in Treasury Bills maturing within 90 days. Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. MATURITY DISTRIBUTION OF LOANS AND SECURITIES July 13, 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 2,912 — 6,067 - 1,433 61 215 16 days to 90 days 93 -- 33,877 + 2,296 697 + 30 91 days to 1 year -- -- 42,160 - 1,255 2,009 + 2 Over 1 year to 5 years -- -- 33,066 + 481 4,430 + 9 Over 5 years to 10 years -- — 11,915 + 215 1,165 1 Over 10 years -- -- 1177,,119911 ++ 112244 551188 Total 3,005 -- 114444,,227766 ++ 442288 88,,888800 - 175 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 13, 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 11,131 927 3,068 541 659 913 371 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 Coin 379 14 24 14 40 48 45 12 22 21 48 26 65 Loans 3,005 1 1,050 24 35 36 3 52 51 55 113 487 1,098 Acceptances held under repurchase agreements -0- -- -- -- -- -- -- -- -- -- -- -- -- Federal agency obligations: 8,880 417 2,908 296 526 737 215 1,224 252 109 456 614 1,126 Bought outright -0- -- -- -- -- -- -- -- -- -- -- -- -- Held under repurchase agreements 1 U.S. government securities: Bought outright—Bills 61,003 2,861 19,973 2,036 3,615 5,066 1,479 8,407 1,728 747 3,135 4,220 7,736 Notes 63,958 3,000 20,940 2,133 3,789 5,311 1,551 8,814 1,813 783 3,288 4,426 8,110 Bonds 19,315 906 6,324 644 1,144 1,604 468 2,662 548 236 993 1,337 2,449 Total bought outright 2 144,276 6,767 47,237 4,813 8,548 11,981 3,498 19,883 4,089 1,766 7,416 9,983 18,295 Held under repurchase agreements 1 -0- -- -- -- -- _> -- -- -- -- -- -- -- Total U.S. government securities 144,276 6,767 47,237 4,813 8,548 11,981 3,498 19,883 4,089 1,766 7,416 9,983 18,295 Total loans and securities 156,161 7,185 51,195 5,133 9,109 12,754 3,716 21,159 4,392 1,930 7,985 11,084 20,519 Cash items in process of collection 12,025 357 826 536 309 2,532 1,380 1,137 646 429 1,275 731 1,867 Bank premises 553 97 25 51 27 110 34 19 15 26 24 18 107 Other assets 3 8,254 278 2,410 329 517 507 511 1,191 232 212 386 538 1,143 interdistrict settlement account -0- + 248 + 3,169 27 508 + 36 15 813 + 141 62 - 354 956 859 TOTAL ASSETS 193,121 9,347 62,052 6,802 10,455 17,308 6,203 24,855 6,086 2,760 10,210 12,501 24,542 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 $ 1,125 million was outstanding at the end of the latest statement week. 2 Net of $ 1,077 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 178 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 $ 26 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 July 13, 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 148,781 8,160 46,703 5,540 8,878 13,450 3,241 21,239 4,857 1,737 7,832 9,738 17,406 Deposits: Depository institutions 25,583 733 9,213 767 985 1,155 1,526 2,344 553 504 884 1,743 5,176 U.S. Treasury-general account 3,526 3,526 Foreign-offic al accounts 196 4 83 7 11 8 12 20 4 5 7 10 25 Other 648 2 565 28 1 45 2 2 1 2 Total deposits 29,953 739 13,387 774 996 1,191 1,539 2,409 559 509 893 1,754 5,203 Deferred availability cash items 9,403 272 662 278 239 2,343 1,127 479 528 385 1,242 651 1,197 Other liabilities and accrued dividends 1 1,862 88 506 65 124 157 55 308 55 26 99 130 249 TOTAL LIABILITIES 189,999 9,259 61,258 6,657 10,237 17,141 5,962 24,435 5,999 2,657 10,066 12,273 24,055 CAPITAL ACCOUNTS Capital paid in 1,426 38 350 68 101 73 117 191 39 50 65 104 230 Surplus 1,359 35 332 60 99 72 109 185 38 49 62 94 224 Other capital accounts 337 15 112 17 18 22 15 44 10 4 17 30 33 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 193,121 9,347 62,052 6,802 10,455 17,308 6,203 24,855 6,086 2,760 10,210 12,501 24,542 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 167,722 9,252 49,489 7,993 9,489 14,730 5,433 23,206 5,411 2,276 9,409 11,249 19,785 Less-Held by F.R. Banks 18,941 1,092 2,786 2,453 611 1,280 2,192 1,967 554 539 1,577 1,511 2,379 F.R. notes, net 148,781 8,160 46,703 5,540 8,878 13,450 3,241 21,239 4,857 1,737 7,832 9,738 17,406 Collateral held against F.R. notes: Gold certificate account 11,131 927 3,068 541 659 913 371 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 133,032 6,992 42,300 4,774 7,917 12,129 2,709 19,089 4,219 1,533 6,986 8,678 15,706 Total collateral 148,781 8,160 46,703 5,540 8,878 13,450 3,241 21,239 4,857 1,737 7,832 9,738 17,406 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