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 September 9, 1983 Averages of daily figures (millions of dollars) RReesseerrvveess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss,, WWeeeekk eennddeedd Change from week ended Wednesday RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss SSeepptteemmbbeerr 77,, August 31, Sep^e^er 8, September 7, 11998833 1983 Reserve Bank credit: 1 2 U.S. government securities- Bought outright—system account 144,751 + 173 + 12,659 144,277 Held under repurchase agreements 628 + 305 + 628 4,391 Federal agency obligations- Bought outright 8,742 — 212 8,742 Held under repurchase agreements 14 - 13 + 14 98 Acceptances- Bought outright — — — — Held under repurchase agreements 41 + 11 + 41 288 Loans to depository institutions 1,247 - 467 + 299 1,535 Includes: seasonal borrowing of 192 - 24 + 86 177 extended credit of 489 - 10 + 373 498 Float 1,032 + 190 886 1,782 Other F.R. assets 7,466 - 58 - 1,325 7,812 Total Reserve Bank credit 163,920 + 141 . + 11,218 168,925 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 193,452 +~ 141 + 11,798 198,457 Currency in circulation* 162,024 + 1,571 + 12,954 162,798 Treasury cash holdings* 469 - 21 + 56 474 Treasury deposits with F.R. Banks 3,414 + 114 362 3,355 Foreign deposits with F.R. Banks 224 - 13 23 259 Other deposits with F.R. Banks 498 + 67 22 450 Service-related balances and adjustments3 1,093 + 24 + 825 863 Other F.R. liabilities and capital 5,191 - 98 + 561 5,250 172,913 + 1,644 + 13,988 173,449 Reserve balances with F.R. Banks* 20,539 _ 1,504 - 2,190 25,008 Total vault cash 20,704 + 302 + 698 20,704 (a) Vault cash at institutions with required reserve balances 13,842 - 148 + 366 13,842 (b) Vault cash equal to required reserves at other institutions 3,368 + 490 + 189 3,368 (c) Surplus vault cash at other institutionsS 3,494 _ 40 + 143 3,494 Reserve balances + total vault cash4 41,243 _ 1,202 - 1,492 45,712 Reserve balances + total vault cash used to satisfy reserve requirements6 37,749 : _ 1,162 - 1,635 42,218 Required reserves 36,889 _ 1,460 1,830 36,889 Excess reserve balances at F.R. Banks7 860 1 + 293 + 195 i 5.329 On September 7, 1983 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 109,048 million, an increase of $ 995 million for the week. 1 Net of $ 1,696 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $1,696 million was with foreign official and International accounts. Includes securities loaned—fully secured by U.S. govern ment securities. 2 Net of $ 2,170 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $2 17Q million was with foreign official and international accounts. Includes $ 50 million securities loaned—fully secured by U.S. government securities. 3 Consists of required clearing balances of $ 863 million and adjustments of $ 230 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 * Wednesday Wednesday Wednesday September 7, 1983 August 31, 1983 September 8, 1982 ASSETS Gold certificate account 11,128 -- 20 Special Drawing Rights certificate account 4,618 -- + 600 Coin 409 6 6 Loans 1,535 - 2,098 + 1,053 Acceptances- Held under repurchase agreements 288 + 79 + 288 Federal agency obligations- Bought outright 8,742 -_ - 212 Held under repurchase agreements1 98 92 + 98 U.S. government securities: Bought outright—Bills 61,004 + 51 +10,603 Notes 63,044 -- + 1,026 Bonds 2200,,222299 -- + 1,965 Total bought outright2 114444,,227777 + 51 +13,594 Held under repurchase agreements1 4,391 + 2,128 + 4,391 Total U.S. government securities 148,668 + 2,179 +17,985 Total loans and securities 159,331 + 68 +19,212 Cash items in process of collection (2,924 ) 11,108 + 2,950 + 150 Bank premises 553 -- + 17 Other assets 3 7,259 + 276 - 1,575 TOTAL ASSETS ((22,,992244'' ) 194,406 + 3,288 +18,378 LIABILITIES Federal Reserve notes 149,895 + 1,654 +12,792 Deposits: Depository institutions 25,884 + 182 + 4,221 U.S. Treasury—general account 3,355 834 - 686 Foreign—official accounts 259 + 11 + 33 Other 437 10 97 Total deposits 29,935 - 651 + 3,471 Deferred availability cash items (2,924: 9,326 + 2,147 + 1,538 Other liabilities and accrued dividends* 2,095 + 39 + 384 TOTAL LIABILITIES (2,924^ 191,251 + 3,189 +18,185 CAPITAL ACCOUNTS Capital paid in I 1,436 + 2 + 97 Surplus 1,359 -- + 81 Other capital accounts 360 + 97 + 15 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 $ -0- million was outstanding at the end of the latest statement week. Net of $ 2,170 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 50 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 $ 35 million in Treasury bills maturing within 90 days. Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange com mitments. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, September 7, 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 1,432 288 12,183 + 2,468 178 158 16 days to 90 days 103 -- 30,529 + 1,872 782 + 69 91 days to 1 year -- -- 41,814 - 2,161 1,843 + 11 Over 1 year to 5 years -- -- 32,863 — 4,356 14 Over 5 years to 10 years -- -- 13,690 -- 1,163 ... Over 10 years -- -- 1177,,558899 -- 551188 -- Total 1,535 288 114488,,666688 + 2,179 88,,884400 92 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 September 7, 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 409 14 28 16 34 52 50 18 23 18 47 31 78 Loans 1,535 2 37 15 1 24 37 75 53 111 140 582 458 Acceptances held under repurchase agreements 288 -- 288 -- -- — -- -- -- -- — -- -- 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 98 -- 98 -- -- -- -- -- -- -- -- -- -- U.S. government securities: Bought outright—Bills 61,004 2 ,861 19,974 2,035 3,615 5,066 1,479 8,407 1 ,729 746 3,136 4,221 7,735 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 2 144,277 6 ,767 47,238 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 4,391 -- 4,391 -- -- -- -- -- -- -- -- -- -- Total U.S. government securities 148,668 6", 767 51,629 S813 __ 8,548 1111,,998811 33,,449988 19,883 4 ,089 1,766 7,416 9,983 18,295~ Total loans and securities 159,331 7 ,179 54,914 5,120 9,067 1122,,773311 33,,774477 21,163 4 ,390 1,984 8,005 11,170 19,861 Cash items in process of collection 14,032 361 1,178 445 554 3,152 1,644 1,064 769 585 1,601 1,006 1,673 Bank premises 553 97 25 50 27 109 34 19 15 27 25 18 107 Other assets 3 7,259 233 2,257 264 444 439 420 962 197 193 337 465 1,048 Interdistrict settlement account -0- + 82 + 442 + 727 - 472 91 - 425 + 4 - 47 242 - 469 - 1,150 + 1,641 TOTAL ASSETS 197,330 9 ,134 63,244 7,388 10,615 17,713 6,002 25,380 5 ,985 2,769 10,392 12,600 26,108 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 $ 2,170 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 50 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 $ 35 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 September 7, 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 149,895 7,837 48,023 5,842 8,929 13,275 2,888 21,819 4,645 1,614 7,808 9,554 17,661 Deposits: Depository institutions 25,884 763 8,863 941 959 1,050 1,452 2,165 544 459 808 1,796 6,084 U.S. Treasury—general account 3,355 — 3,355 — — — — — — — — — — Foreign—official accounts 259 4 146 7 11 8 12 20 4 5 7 10 25 Other 437 — 348 — — 36 3 44 — — 2 1 3 Total deposits 29,935 767 12,712 948 970 1,094 1,467 2,229 548 464 817 1,807 6,112 Deferred availability cash items 12,250 349 940 386 380 3,015 1,354 642 649 561 1,518 881 1,575 Other liabilities and accrued dividends 1 2,095 91 776 67 118 159 56 271 55 26 101 126 249 TOTAL LIABILITIES 194,175 9,044 62,451 7,243 10,397 17,543 5,765 24,961 5,897 2,665 10,244 12,368 25,597 CAPITAL ACCOUNTS Capital paid in 1,436 38 350 68 101 73 116 190 39 50 67 106 238 Surplus 1,359 35 332 60 99 72 109 185 38 49 62 94 224 Other capital accounts 360 17 111 17 18 25 12 44 11 5 19 32 49^ TOTAL LIABILITIES AND CAPITAL ACCOUNTS 197,330 9,134 63,244 7,388 10,615 17,713 6,002 25,380 5,985 2,769 10,392 12,600 26,108 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 171,490 9,354 50,842 8,285 9,705 14,883 5,506 23,908 5,629 2,216 9,490 11,242 20,430 Less-Held by F.R. Banks 21,595 1,517 2,819 2,443 776 1,608 2,618 2,089 984 602 1,682 1,688 2,769 F.R. notes, net 149,895 7,837 48,023 5,842 8,929 13,275 2,888 21,819 4,645 1,614 7,808 9,554 17,661 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 - 0 - - 0 - - 0 - - 0 - - 0 - - 0 - - 0 - - 0 - - 0 - - 0 - - 0 - - 0 - - 0 - U.S. govt, and agency securities 134,149 6,669 43,623 5,076 7,968 11,954 2,356 19,669 4,007 1,410 6,962 8,494 15,961 Total collateral 149,895 7,837 48,023 5,842 8,929 13,275 2,888 21,819 4,645 1,614 7,808 9,554 17,661 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