H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE '•^OT^ 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 September 2, 1983 Averages of daily figures (millions of dollars) Reserves of depository institutions, Week ended Change from week ended Wednesday Reserve Bank credit, and related items August 31, August 24, September 1, August 31, 1983 _12£2 1933 Reserve Bank credit: U.S. government securities- Bought outright—system account 144,578 1,006 11,757 144,226 Heid under repurchase agreements 323 323 153 2,263 Federal agency obligations- Bought outright 8,742 138 213 8,742 Held under repurchase agreements 27 27 6 190 Acceptances- Bought outright Held under repurchase agreements 30 30 51 209 Loans to depository institutions 1,714 134 1,207 3,633 Includes: seasonal borrowing of 216 9 121 212 extended credit of 499 25 383 489 Float 821 559 735 979 Other F.R. assets 7,524 10 1,549 7,536 Total Reserve Bank credit 163,758 1,200 + 10,563 167,778 Gold stock 11,128 20 11,128 Special Drawing Rights certificate account 4,618 + 600 4,618 Treasury currency outstanding 13,786 13,786 Total Factors 193,290 1,200 11,143 197,310 Currency in circulation* 160,453 440 12,670 161,122 Treasury cash holdings* 490 4 73 490 Treasury deposits with F.R. Banks 3,300 259 143 4,189 Foreign deposits with F.R. Banks 237 33 109 248 Other deposits with F.R. Banks 431 18 121 465 Service-related balances and adjustments3 1,069 90 822 845 Other F.R. liabilities and capital 5,289 10 259 5,112 171,269 607 13,736 172,471 Reserve balances with F.R. Banks* 22,022 592 2,592 24,839 Total vault cash 20,402 993 823 20,402 (a) Vault cash at institutions with required reserve balances 13,990 395 593 13,990 (b) Vault cash equal to required reserves at other institutions 2,878 328 461 2,878 (c) Surplus vault cash at other institutions^ 3,534 270 231 3,534 Reserve balances + total vault cash 4 42,424 401 1,769 45,241 Reserve balances + total vault cash used to satisfy reserve requirements6 38,890 131 1,538 41,707 Required reserves 38,349 8 1,717 38,349 Excess reserve balances at F.R. Banks7 541 123 179 3,358 On August 31, 1983 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 108,053 million, a decrease of $930 million for the week. 1 Net of $ 2,751 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 2,576million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. govern ment securities. 2 Net of $ 2,935 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $2,935 million was with foreign official and international accounts. Includes $ 148 million securities loaned—fully secured by U.S. government securities. 3 Consists of required clearing balances of $ 845 million and adjustments of $ 224 million to compensate for float. 4 Excludes 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 plus vault cash at institutions with required reserve balances plus vault cash equal to required reserves at other institutions. 7 Reserve balances with Federal Reserve Banks plus vault cash used to satisfy reserve requirements less required reserves. * 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 August 31, 1983 August 24, 1983 September 1, 1982 ASSETS Gold certificate account 11,128 20 Special Drawing Rights certificate account 4,618 + 600 Coin 415 9 - 14 Loans 3,633 + 2,021 + 2,277 Acceptances— Held under repurchase agreements 209 209 209 Federal agency obligations- Bought outright 8,742 - 138 - 212 Held under repurchase agreements'! 190 + 190 + 190 U.S. government securities: Bought outright—Bills 60,953 . 470 + 8,352 Notes 63,044 -- + 1,026 Bonds 2200,,222299 -- + 1,965 Total bought outright? 114444,,222266 - 470 +11,343 Held under repurchase agreements1 2,263 + 2,263 + 2,263 Total U.S. government securities 146,489 + 1,793 +13,606 Total loans and securities 159,263 + 4,075 +16,070 Cash items in process of collection (2,287) 8,158 + 550 - 2,003 Bank premises 553 -- + 18 Other assets 3 6,983 + 25 - 1,311 TOTAL ASSETS (2,287) 191,118 jL 4,641 +13,340 LIABILITIES Federal Reserve notes 148,241 + 466 +12,605 Deposits: Depository institutions 25,702 + 2,642 . - 582 U.S. Treasury—general account 4,189 + 1,164 + 729 Foreign—official accounts 248 + 40 96 Other (22) 447 - 82 - 116 Total deposits (22) 30,586 + 3,764 65 Deferred availability cash items (2,265) 7,179 + 443 + 219 Other liabilities and accrued dividends* 2,056 + 66 + 248 TOTAL LIABILITIES 188,062 + 4,739 +13,007 CAPITAL ACCOUNTS Capital paid in 1,434 + 4 + 95 Surplus 1,359 — + 81 Other capital accounts 263 - 102 + 157 * 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 $ 2,935 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 148 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 $ 33 million in Treasury bills maturing within 90 days. 4 Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange com mitments. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, August 31, 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 3,583 209 9,715 + 1,844 336 + 47 16 days to 90 days 50 -- 28,657 - 694 713 + 54 91 days to 1 year -- -- 43,975 + 606 1,832 - 30 Over 1 year to 5 years -- -- 32,863 + 37 4,370 - 59 Over 5 years to 10 years -- — 13,690 -- 1,163 + 40 Over 10 years -- — 1177,,558899 -- 551188 -- Total 3,633 209 114466,,448899 + 1,793 88,,993322 + 52 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 August 31, 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 11,128 927 3,065 541 659 913 371 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 415 15 28 17 36 52 46 21 24 18 48 32 78 Loans 3,633 7 1,062 63 10 89 303 112 46 82 128 775 956 Acceptances held under repurchase agreements 209 -- 209 - - -- -- - - - - - - Federal agency obligations: Bought outright 8,742 410 2,862 292 518 726 212 1,205 248 107 449 605 1,108 Held under repurchase agreements 1 190 190 U.S. government securities: Bought outright-Bills 60,953 2 ,859 19,957 2,033 3 ,612 5,062 1,478 8,400 1 ,728 745 3,133 4,217 7,729 Notes 63,044 2 ,957 20,641 2,103 3 ,735 5,235 1,529 8,688 1 ,787 772 3,240 4,362 7,995 Bonds 20,229 949 6,623 675 1 ,198 1,680 490 2,788 573 248 1,040 1,400 2,565 Total bought outright 2 144,226 6 ,765 47,221 4,811 8 ,545 11,977 3,497 19,876 4 ,088 1,765 7,413 9,979 18,289 Held under repurchase agreements 1 2,263 2,263 Total U.S. government securities 146,489 6 ,765 49,484 4,811 8 ,545 11,977 3,497 19,876 4 ,088 1,765 7,413 9,979 18,289 Total loans and securities 159,263 7 ,182 53,807 5,166 9 ,073 12,792 4,012 21,193 4 ,382 1,954 7,990 11,359 20,353 Cash items in process of collection 16,445 274 799 253 319 2,226 1,264 1,066 579 427 1,249 665 1,324 Bank premises 553 96 25 50 27 109 34 19 15 28 25 18 107 Other assets 3 6,983 231 2,118 260 427 433 411 935 192 176 320 453 1,027 Interdistrict settlement account -0- 111 + 238 + 372 222 68 223 383 + 88 102 - 153 - 1,043 + 1,607 TOTAL ASSETS 193,405 8 ,855 61,415 6,884 10 ,621 16,865 6,076 25,001 5 ,918 2,705 10,325 12,544 26,196 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 $ 2,935 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 148 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 $ 33 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 August 31, 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, 241 7,739 47 687 5,753 8,837 13 ,196 2,802 21 ,547 4 ,601 1,592 7,731 9 ,531 17 ,225 Deposits: Depository institutions 25 702 ! 641 6 840 686 1,183 1 ,081 1,806 2 ,130 586 610 1,099 2 ,012 7 ,028 U.S. Treasury—general account 4 189 — 4 189 — — — — — — — — — — Foreign—official accounts 248 4 135 7 11 8 12 20 4 5 7 10 25 Other 469 1 368 1 1 21 2 66 — — 3 2 4 Total deposits 30 ,608 646 rr, 532 694 1.195 r ,110 1,820 I ,216 590 615 1,109 "~2 ,024 T, 057 Deferred availability cash items ! 9 ,444 293 700 230 254 2 ,235 1,170 561 587 371 1,244 632 l ,167 Other liabilities and accrued ! dividends1 2 ,056 91 724 66 123 159 55 271 55 27 100 133 252 TOTAL LIABILITIES 190 ,349 8,769 "~60" .643 6,743 10,409 ~~fiT, 700 5,847 ~~24" .595 T, 833 2,605 10.184 "IT ,320 ~~25~, 701 CAPITAL ACCOUNTS Capital paid in 1 ,434 38 350 68 101 73 115 190 39 50 67 105 238 Surplus 1 .359 35 332 60 99 72 109 185 38 49 62 94 224 Other capital accounts 263 13 90 13 12 20 5 31 8 1 12 25 33 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 193 ,405 8,855 61 .415 6,884 10,621 16 ,865 6,076 25 ,001 5 ,918 2,705 10,325 12 ,544 26 ,196 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 171 ,346 9.312 50 .714 8,315 9,712 14 ,935 5,579 23 ,820 5 ,654 2,228 9,507 11 ,266 20 ,304 Less-Held by F.R. Banks 23 ,105 1,573 3 ,027 2,562 875 1 ,739 2,777 2 ,273 1 ,053 636 1,776 1 .735 3 ,079 F. R. notes, net 148 ,241 7,739 47 ,687 5,753 8,837 13 ,196 2,802 21 .547 4 ,601 1,592 7,731 9 ,531 17 ,225 Collateral held against F.R. notes: Gold certificate account 11 ,128 927 3 ,065 541 659 913 371 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 - 3 - — — — — — — — — — — — — U.S. govt, and agency securities 132 ,495 1 6,571 43 ,287 4,987 7,876 11 ,875 2,270 19 ,397 3 ,963 1,388 6,885 8 ,471 15 ,525 Total collateral 148 ,241 7,739 47 ,687 5,753 8,837 13 ,196 2,802 21 .547 4 ,601 1,592 7,731 9 .531 17 ,225 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