H.4.1 Factors Affecting Reserve Balances of Depository Institutions

*0f GOy/i 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 23, 1983 Averages of daily figures (millions of dollars) RReesseerrvveess ooff ddeeppoossiittoorryy,, iinnssttiittuuttiioonnss,, Week ended Change from week ended WWeeddnneessddaayy RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss September 21, September 14, Se? ^ber 22> SSeepptteemmbbeerr 2211,, 11998833 Reserve Bank credit: 1 2 U.S. government securities- Bought outright—system account 145,805 + 1,073 + 14,486 148,924 Held under repurchase agreements 3,290 + 3,290 + 2,520 578 Federal agency obligations- Bought outright 8,737 - 3 - 212 8,737 Held under repurchase agreements 248 + 248 + 88 261 Acceptances- Bought outright — — — — Held under repurchase agreements 61 + 61 - 269 9 Loans to depository institutions 2,109 + 961 + 1,299 6,817 Includes: seasonal borrowing of 186 + 1 + 86 192 extended credit of 520 + 19 + 402 536 Float 877 - 763 - 1,405 1,420 Other F.R. assets 7,901 + 156 - 1,302 8,004 Total Reserve Bank credit 169,028 + 5,023 + 15,205 174,750 Gold stock 11,128 — - 20 11,128 Special Drawing Rights certificate account 4,618 — + 400 4,618 Treasury currency outstanding 13,786 — — 13,786 Total Factors 198,560 __ 5,023 + 15,585 204,282 Currency in circulation* 161,542 _ 1,136 + 13,117 161,136 Treasury cash holdings* 474 — + 61 471 Treasury deposits with F.R. Banks 7,175 + 3,737 + 3,564 12,806 Foreign deposits with F.R. Banks 207 + 7 - 41 186 Other deposits with F.R. Banks 605 + 144 + 58 470 Service-related balances and adjustments3 1,113 + 36 + 822 898 Other F.R. liabilities and capital 5,617 - 32 + 720 5,462 176,732 + 2,756 + 18,300 181,429 Reserve balances with F.R. Banks* 21,829 + 2,268 _ 2,714 22,853 Total vault cash 19,648 - 1,708 + 904 19,648 (a) Vault cash at institutions with required reserve balances 13,588 - 366 + 337 13,588 (b) Vault cash equal to required reserves at other institutions 2,924 _ 694 + 464 2,924 (c) Surplus vault cash at other institutions5 3,136 _ 648 + 103 3,136 Reserve balances + total vault cash* 41,477 + 560 _ 1,810 42,501 Reserve balances + total vault cash used to satisfy reserve requirements^ 38,341 + 1,208 - 1,913 39,365 Required reserves 38,096 + 1,385 - 1,908 38,096 Excess reserve balances at F.R. Banks7 245 - 177 - 5 1,269 On September 21, 1983marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 109,609 million, a decrease of $1,446 million for the week. 1 Net of $1,977 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 1,977 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. govern ment securities. 2 Net of $208 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 208 million was with foreign official and international accounts. Includes $ 19 million securities loaned—fully secured by U.S. government securities. 3 Consists of required clearing balances of $ 898 million and adjustments of $ 215 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 September 21, 1983 September 14, 1983 September 22, 1982 ASSETS Gold certificate account 11,128 .- 20 Special Drawing Rights certificate account 4,618 -- + 400 Coin 433 + 17 5 Loans 6,817 + 4,407 + 4,852 Acceptances- Held under repurchase agreements 9 + 9 + 9 Federal agency obligations- Bought outright 8,737 -- - 212 Held under repurchase agreements'! 261 + 261 + 261 U.S. government securities: Bought outright—Bills 65,651 + 4,133 +14,728 Notes 63,044 —• + 1,026 Bonds 2200,,222299 -- +1,965 Total bought outright2 114488,,992244 + 4,133 +17,719 Held under repurchase agreements 1 578 + 578 + 578 Total U.S. government securities 149,502 + 4,711 +18,297 Total loans and securities 165,326 + 9,388 +23,207 Cash items in process of collection (2,920] ) 8,648 - 533 255 Bank premises 553 -- + 15 Other assets 3 7,451 - 303 - 1,447 TOTAL ASSETS ((22,,992200:: ) 198,157 +_8 ,569 +21,895 LIABILITIES Federal Reserve notes 148,254 - 1,135 +12,948 Deposits: Depository institutions 23,776 + 398 - 1,369 U.S. Treasury—general account 12,806 + 9,533 + 9,158 Foreign—official accounts 186 57 49 Other 445 + 20 + 35 Total deposits 37,213 + 9,894 + 7,775 Deferred availability cash items (2,920^ ) 7,228 _ 379 + 435 Other liabilities and accrued dividends4 2,290 + 181 + 543 TOTAL LIABILITIES (2,920: ) 194,985 + 8,561 +21,701 CAPITAL ACCOUNTS Capital paid in 1,439 + 2 + 98 Surplus 1,359 -- + 81 Other capital accounts 374 + 6 + 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 $ 2,661 million was outstanding at the end of the latest statement week. Net of $ 208 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 19 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 $ 36 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 21 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 6,786 9 10,388 + 4,177 467 + 397 16 days to 90 days 31 -- 29,998 - 1,101 626 _ 136 91 days to 1 year __ _- 44,974 + 1,635 1,933 «... Over 1 year to 5 years __ -- 32,863 ... 4,311 -- Over 5 years to 10 years __ -«. 13,690 __ 1,143 «... Over 10 years -- -- 1177,,558899 -- 551188 -- Total 6,817 9 114499,,550022 + 4,711 88,,999988 + 261 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 21, 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 433 18 27 18 37 54 51 21 24 19 49 32 83 Loans 6,817 261 3,436 24 93 364 66 972 48 92 208 705 548 Acceptances held under repurchase agreements 9 9 Federal agency oblgations: Bought outright 8,737 410 2,861 291 518 726 212 1,204 247 107 449 604 1,108 Held under repurchase agreements 1 261 261 U.S. government securities: Bought outright—Bills 65,651 3,079 21,495 2,190 3,890 5,452 1,592 9,047 1,861 803 3,375 4,542 8,325 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 2 148,924 6,985 48,759 4,968 8,823 12,367 3,611 20,523 4,221 1,823 7,655 10,304 18,885 Held under repurchase agreements 1 578 -- 578 -- -- -- -- -- -- -- -- -- -- Total U.S. government securities 149,502 6,985 49,337 4,968 8,823 12,367 3,611 20,523 4,221 1,823 7,655 10,304 18,885 Total loans and securities 165,326 7,656 55,904 5,283 9,434 13,457 3,889 22,699 4,516 2,022 8,312 11,613 20,541 Cash items in process of collection 11,568 284 839 373 328 2,371 1,560 1,126 680 462 1,275 780 1,490 Bank premises 553 96 25 50 27 109 34 20 15 27 25 18 107 Other assets 3 7,451 250 2,272 273 467 471 421 1,007 237 182 349 491 1,031 Interdistrict settlement account -0- + 61 + 5,768 + 54 - 616 280 - 367 - 1,202 - 345 - 172 - 654 - 1,363 884 TOTAL ASSETS 201,077 9,533 69,235 6,817 10,638 17,503 6,120 25,821 5,765 2,744 10,202 12,631 24,068 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 $ 2,661 million was outstanding at the end of the latest statement week. 2 Net of $ 208 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 19 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 $ 36 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 21, 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 148,254 7,994 47,994 5,477 8,802 13,484 2,287 21,886 4,426 1,602 7,759 9,411 17,132 Deposits: Depository institutions 23,776 1,054 5,744 837 1,203 1,295 2,228 2,574 546 539 961 2,150 4,645 U.S. Treasury—general account 12,806 12,806 Foreign—official accounts 186 4 73 7 11 8 12 ,20 4 5. 7 10 25 Other 445 368 26 1 44 1 2 1 2 Total deposits 37,213 1,058 18,991 844 1,214 1,329 2,241 2,638 551 544 970 2,161 4,672 Deferred availability cash items 10,148 289 703 276 273 2,343 1,293 570 581 464 1,213 677 1,466 Other liabilities and accrued dividends 1 2,290 102 745 74 130 177 61 306 119 31 112 150 283 TOTAL LIABILITIES 197,905 9,443 68,433 6,671 10,419 17,333 5,882 25,400 5,677 2,641 10,054 12,399 23,553 CAPITAL ACCOUNTS Capital paid in 1,439 38 351 69 101 73 116 190 39 50 67 106 239 Surplus 1,359 35 332 60 99 72 109 185 38 49 62 94 224 Other capital accounts 374 17 119 17 19 25 13 46 11 4 19 32 52 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 201,077 9,533 69,235 6,817 10,638 17,503 6,120 25,821 5,765 2,744 10,202 12,631 24,068 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 172,644 9,421 51,091 8,215 9,702 15,391 5,254 24,376 55,,557766 22,,119977 99,,558811 1111,,337711 20,469 Less-Held by F.R. Banks 24,390 1,427 3,097 2,738 900 1,907 2,967 2,490 11,,115500 559955 11,,882222 11,,996600 3,337 F.R. notes, net 148,254 7,994 47,994 5,477 8,802 13,484 2,287 21,886 44,,442266 11,,660022 77,,775599 99,,441111 17,132 Collateral held against F.R. notes: Gold certificate account 11,128 927 3,065 541 659 913 371 1,504 446688 114433 660055 775500 1,182 Special Drawing Rights certif. acct. 4,618 241 1,335 225 302 408 161 646 117700 6611 224411 331100 518 Other eligible assets U.S. govt, and agency securities 132,508 6,826 43,594 4,711 7,841 12,163 1,755 19,736 33,,778888 11,,339988 66,,991133 88,,335511 15,432 Total collateral 148,254 7,994 47,994 5,477 8,802 13,484 2,287 21,886 4,426 1,602 7,759 9,411 17,132 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