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. EASTERN TIME July 22, 1983 Averages of daily figures (millions of dollars) RRReeessseeerrrvvveeesss ooofff dddeeepppooosssiiitttooorrryyy iiinnnssstttiiitttuuutttiiiooonnnsss,,, WWWeeeeeekkk eeennndddeeeddd Change from week ended Wednesday RRReeessseeerrrvvveee BBBaaannnkkk cccrrreeedddiiittt,,, aaannnddd rrreeelllaaattteeeddd iiittteeemmmsss JJJuuulllyyy 222000,,, Julv 13. 1 July 21, July 20, 111999888333 1983 1982 1983 Reserve Bank credit: 1 2 U.S. government securities- Bought outright—system account 142,841 - 322 + 9,627 144,125 Held under repurchase agreements 2,620 + 2,620 + 1,679 3,786 Federal agency obligations- Bought outright 8,880 - 6 121 8,880 Held under repurchase agreements 156 + 156 155 140 Acceptances- Bought outright — — — — Held under repurchase agreements 129 + 129 359 74 Loans to depository institutions 1,233 + 86 + 639 2,484 Includes: seasonal borrowing of 179 + 35 60 200 extended credit of 460 + 26 + 427 451 Float 1,621 - 1,045 367 1,825 Other F.R. assets 8,764 + 127 152 9,042 Total Reserve Bank credit 166,244 + 1,746 + 10,790 170,356 Gold stock 11,131 — 18 11,131 Special Drawing Rights certificate account 4,618 — + 743 4,618 Treasury currency outstanding 13,786 — — 13,786 Total Factors 195,779 +~ 1,746 + 11,515 199,891 Currency in circulation* 160,707 - 958 + 12,791 160,378 Treasury cash holdings* 526 - 2 + 102 525 Treasury deposits with F.R. Banks 3,309 - 1,189 + 128 3,998 Foreign deposits with F.R. Banks 262 + 53 16 268 OOtthheerr ddeeppoossiittss wwiitthh FF..RR.. BBaannkkss 690 + 45 + 127 672 SSeerrvviiccee--rreellaatteedd bbaallaanncceess aanndd aaddjjuussttmmeennttss 888 + 75 + 672 823 Other F.R. liabilities and capital 5,313 +_ 225 136 5,179 Total Factors 171,695 - 1,751 + 13,669 171,843 Reserve balances with F.R. Banks 4 24,083 + 3,496 2,155 28,047 Total vault cash 19,147 - 1,869 + 1,215 19,147 (a) Vault cash at institutions with required reserve balances 13,008 - 732 + 770 13,008 (b) Vault cash equal to required reserves at other institutions 2,765 - 625 + 586 2,765 (c) Surplus vault cash at other institutions 5 3,374 - 512 141 3,374 Reserve balances + total vault cash ^ 43,230 + 1,627 940 47,194 Reserve balances + total vault cash used to satisfy reserve requirements ^ 39,856 + 2,139 799 43,820 RReeqquuiirreedd rreesseerrvveess --,, 39,514 + 2,269 874 39,514 EExxcceessss rreesseerrvvee bbaallaanncceess aatt FF..RR.. BBaannkkss 342 - 130 + 75 4,306 On July 20, 1983, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $111,662 million, an increase of $951 million for the week. \J Net of $2,581 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $2,581 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. 2J Net of $1,388 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $1,386 million was with foreign offical and international accounts. Includes $208 million securities loaned—fully secured by U.S. Government securities. 3j Consists of required clearing balances of $823 million and adjustments of $65 million to compensate for float. h_f Exclude required clearing balances and adjustments to compensate for float. 5/ Total vault cash at institutions without required reserve balances less vault cash equal to their required reserves. 6/ 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 institu tions. l_l 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 compar able 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 20, 1983 July 13, 1983 July 21, 1982 ASSETS Gold certificate account 11,131 -- 18 Special Drawing Rights certif. acct. 4,618 -- + • 600 Coin 391 + 12 - " 30 Loans 2,484 - 521 + 1,734 Acceptances- Held under repurchase aggreements 74 + 74 + 74 Federal agency Obligations Bought outright 8,880 -- 121 Held under repurchase agreements 1 140 + 140 + 140 U.S. government securities: Bought outright-Bills 60,852 151 + 8,227 Notes 63,958 -- + 1,940 Bonds 1199,,331155 — + 1,051 Total bought outright 2 114444,,112255 151 +11,218 Held under repurchase agreements 1 3,786 + 3,786 + 3786 f Total U.S. government securities 147,911 + 3,635 +15,004 Total loans and securities 159,489 + 3,328 +16,831 Cash items in process of collection ( 2,464) 8,734 - 762 + 112 Bank premises 553 -- + 29 Other assets 3 8,489 + 235 45 TOTAL ASSETS (( 22,,446644)) 193.405 +2,813 +17,479 LIABILITIES Federal Reserve notes 147,509 - 1,272 +12,706 Deposits: Depository institutions 28,939 + 3,356 + 3,927 U.S. Treasury-general account 3,998 + 472 + 154 Foreign-official accounts 268 + 72 + 30 Other (3) 603 45 64 Total deposits (3) 33,808 + 3,855 + 4,047 Deferred availability cash items ( 2,461) 6,909 + 35 + 761 Other liabilities and accrued dividends 4 2,048 + 186 188 TOTAL LIABILITIES (2,464) 190,274 + 2,804 +17,326 CAPITAL ACCOUNTS Capital paid in 1,427 + 1 + 93 Surplus 1,359 — + 81 Other capital accounts 345 + 8 21 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 $1,570 million was outstanding at the end of the latest statement week. ?eti°5$1S?SSm ^ ^ ° n matched sale-purchase transactions outstanding at the end of the latest statement week. Includes §208 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 $23 million in Treasury Bills maturing within 90 days ' Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreien exchange commitments. & MATURITY DISTRIBUTION OF LOANS AND SECURITIES July 20, 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 Holdings | Weekly changes Within 15 days 2,449 74 7,625 + 1,558 232 171 16 days to 90 days 35 34,679 + 802 615 82 91 days to 1 year 43,434 + 1,274 2,009 Over 1 year to 5 years 33,108 + 42 4,518 88 Over 5 years to 10 years 11,874 41 1,128 37 Over 10 years 17,191 518 Total 2,484 "75 147,911 + 3,635 9,020 140 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 20, 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 c • 391 13 25 14 42 49 46 13 23 21 48 28 69 Loans 2,484 191 6 72 8 263 281 376 48 67 114 473 585 Acceptances held under repurchase agreements 7744 7744 -** -~ ~~ -- -- Federal agency obligations: Bought outright 8,880 417 2,908 296 526 737 215 1,224 252 109 456 614 1,126 Held under repurchase agreements 1 140 "" 140 "" "' "" "" ~~ "~ "• -- -- -- U.S. government securities: Bought outright-Bills 60,852 2,854 19,924 2,031 3,606 5,053 1,476 8,386 1,724 745 3,127 4,209 7,717 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 2 144,125 6,760 47,188 4,808 8,539 11,968 3,495 19,862 4,085 1,764 7,408 9,972 18,276 Held under repurchase agreements 1 3,786 -- 3,786 -- -- -- -- -- -- -- -- -- -- Total U.S. government securities 147,911 6,760 50,974 4,808 8,539 11,968 3,495 19,862 4,085 1,764 7,408 9,972~ 18,276 Total loans and securities 159,489 7,368 54,102 5,176 9,073 12,968 3,991 21,462 4,385 1,940 7,978 11,059 19,987 Cash items in process of collection 11,198 280 818 350 307 2,253 1,384 1,218 626 536 1,244 799 1,383 Bank premises 553 97 25 51 27 110 34 19 15 27 24 18 106 Other assets 3 8,489 280 2,575 309 519 522 486 1,189 231 207 391 597 1,183 Interdistrict settlement account -0- + 422 + 85 + 231 222 18 -I- 721 736 + 275 104 207 591 + 144 TOTAL ASSETS 195,869 9,628 62,033 6,897 10,707 17,205 7,194 25,315 6,193 2,831 10,324 12,970 24,572 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 $ 1,570mj||jon was outstanding at the end of the latest statement week. 2 Net of $ 1»388 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 208 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 $ 23 milfion 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 20, 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 147,509 7,950 46,653 5,498 8,685 13,270 3,316 21,059 4,775 1,713 7,646 9,700 17,244 Deposits: Depository institutions 28,939 1,194 8,498 940 1,422 1,319 2,468 2,969 699 607 1,249 2,201 5,373 U.S. Treasury—general account 3,998 — 3,998 — — — — — — — — — — Foreign—official accounts 268 4 155 7 11 8 12 20 4 5 7 10 25 Other 606 — 529 — 1 29 1 39 1 — 2 1 3 Total deposits 33,81I. 1,198 13,180 947 1,434 1,356 2,481 3,028 704 612 1,258 2,212 5,401 Deferred availability cash items 9,370 297 726 239 248 2,242 1,095 529 571 376 1,172 691 1,184 Other liabilities and accrued dividends 1 2,048 94 679 67 122 167 61 278 56 27 103 139 255 TOTAL LIABILITIES 192,738 9,539 61,238 6,751 10,489 17,035 6,953 24,894 6,106 2,728 10,179 12,742 24,084 CAPITAL ACCOUNTS Capital paid in 1,427 38 350 68 101 73 117 191 39 50 66 104 230 Surplus 1,359 35 332 60 99 72 109 185 38 49 62 94 224 Other capital accounts 345 16 113 18 18 25 15 45___ 10 4 17 30 34 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 195,869 9,628 62,033 6,897 10,707 17,205 7,194 25,315 6,193 2,831 10,324 12,970 24,572 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 168,472 9,193 49,629 8,015 9,402 14,703 5,816 23,236 5,490 2,278 9,293 11,342 20,075 Less-Held by F.R. Banks 20,963 1,243 2,976 2,517 717 1,433 2,500 2,177 715 565 1,647 1,642 2,831 F.R. notes, net 147,509 7,950 46,653 5,498 8,685 13,270 3,316 21,059 4,775 1,713 7,646 9,700 17,244 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 131,760 6,782 42,250 4,732 7,724 11,949 2,784 18,909 4,137 1,509 6,800 8,640 15,544 Total collateral 147,509 7,950 46,653 5,498 8,685 13,270 3,316 21,059 4,775 1,713 7,646 9,700 17,244 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