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 October 7, 1983 Averages of daily figures (millions of dollars) RReesseerrvveess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss,, Week ended Change from week ended Wednesday RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss October 5, September 28?] 0 mYr 6- October 5, 1983 1983 Reserve Bank credit: 1 2 U.S. government securities- Bought outright—system account 146,396 - 67 + 15,388 146,789 Held under repurchase agreements 6,292 - 579 + 5,088 2,739 Federal agency obligations- Bought outright 8,737 — - 212 8,737 Held under repurchase agreements 438 - 239 - 150 247 Acceptances- Bought outright — — — — Held under repurchase agreements 558 + 269 + 86 20 Loans to depository institutions 1,416 + 135 + 810 1,385 Includes: seasonal borrowing of 161 - 43 + 57 139 extended credit of 539 - 3 + 416 541 Float 896 - 256 - 740 1,604 Other F.R. assets 8,182 +__ 1 - 1,189 8,133 Total Reserve Bank credit 172,915 - 736 + 19,081 169,654 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 202,447 - 736 + 19,461 199,186 Currency in circulation* 161,329 + 673 + 12,988 162,032 Treasury cash holdings* 470 - 1 + 43 474 Treasury deposits with F.R. Banks 12,326 - 1,831 + 7,622 9,694 Foreign deposits with F.R. Banks 256 + 56 + 10 194 Other deposits with F.R. Banks 474 + 57 - 62 400 Service-related balances and adjustments3 1,110 + 62 + 800 912 Other F.R. liabilities and capital 5,738 - 32 + 812 5,525 181,703 - 1,014 + 22,213 179,231 Reserve balances with F.R. Banks4 20,743 + 277 _ 2,753 19,955 Total vault cash 20,909 - 515 + 864 20,909 (a) Vault cash at institutions with required reserve balances 14,246 - 332 + 263 14,246 (b) Vault cash equal to required reserves at other institutions 3,218 _ 108 + 449 3,218 (c) Surplus vault cash at other institutions5 3,445 - 75 + 152 3,445 Reserve balances + total vault cash4 41,652 _ 238 _ 1,889 40,864 Reserve balances + total vault cash used to satisfy reserve requirements^ 38,207 _ 163 - 2,041 37,419 Required reserves 37,529 - 379 - 2,208 37,529 Excess reserve balances at F.R. Banks7 678 + 216 -1- 167 110 On October 5, 1983 marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and f international accounts were $ 109,818 million, a decrease of $461 million for the week. 1 Net of $3,209 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,209 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. govern ment securities. 2 Net of $2,877 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $2,877 million was with foreign official and international accounts. Includes $ 89 million securities loaned—fully secured by U.S. government securities. 3 Consists of required clearing balances of $ 912 million and adjustments of $ 198 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 October 5, 1983 September 28, 198: October 6, 1982 ASSETS Gold certificate account 11,128 -- 20 Special Drawing Rights certificate account 4,618 -- + 400 Coin 451 + 7 3 Loans 1,385 - 974 + 1,019 Acceptances- Held under repurchase agreements 20 . 69 + 20 Federal agency obligations- Bought outright 8,737 -- 212 Held under repurchase agreements 1 247 - 87 + 247 U.S. government securities: Bought outright—Bills 63,516 + 1,595 + 14,564 Notes 63,044 -„' + 1,026 Bonds 20,229 -- + 1,965 Total bought outright2 146,789 + 1,595 +17,555 Held under repurchase agreements 1 2,739 _ 1,437 + 2,739 Total U.S. government securities 149,528 T 158 +20,294 Total loans and securities 159,917 . 972 +21,368 Cash items in process of collection (2,595] 9,188 + 890 - 608 Bank premises 552 . 1 + 11 Other assets 3 7 ? 581 - 123 - 1,378 TOTAL ASSETS ((22,,559955:: 193,435 2_ 199 +19,770 LIABILITIES Federal Reserve notes 149,171 + 1,258 +12,730 Deposits: Depository institutions 20,881 + 2,114 215 U.S. Treasury—general account 9,694 - 4,559 + 5,938 Foreign—official accounts 194 - 11 35 Other 386 - 14 104 Total deposits 31,155 - 2,470 + 5,584 Deferred availability cash items (2,595) 7,584 + 1,023 + 619 Other liabilities and accrued dividends* 2,248 - 98 + 550 TOTAL LIABILITIES (2,595) 190,158 - 287 +19,483 CAPITAL ACCOUNTS Capital paid in 1,447 -- + 103 Surplus 1,359 — + 81 Other capital accounts 471 + 88 + 103 * 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 $ 2,877 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 89 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 $ 41 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, October 5, 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 AAcccceeppttaanncceess Holdings Weekly changes Holdings Weekly changes Within 15 days 1,334 20 9,052 - 1,289 389 119 16 days to 90 days 51 -- 32,506 + 2,593 673 + 25 91 days to 1 year -- -- 43,978 - 996 1,905 + 3 Over 1 year to 5 years -- -- 32,713 - 150 4,330 1 Over 5 years to 10 years -- -- 13,690 -- 1,169 -- Over 10 years -- -- 1177,,558899 __ 551188 -_ Total 1,385 20 114499,,552288 + 158 88,,998844 87 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 October 5, 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 451 20 29 19 38 54 54 24 24 20 49 31 89 Loans 1,385 1 233 23 1 26 23 46 29 68 78 628 229 Acceptances held under repurchase agreements 20 -- 20 -- -- -- -- -- -- -- -- -- -- Federal agency obligations: Bought outright 8,737 410 2,861 291 518 726 212 1,204 247 107 449 604 1,108 Held under repurchase agreements 1 247 -- 247 -- -- -- -- — -- -- -- — -- U.S. government securities: Bought outright-Bills 63,516 2,979 20,796 2,119 3,764 5,274 1,540 8,753 1,800 777 3,265 4,395 8,054 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 2 146,789 6,885 48,060 4,897 8,697 12,189 3,559 20,229 4,160 1,797 7,545 10,157 18,614 Held under repurchase agreements 1 2,739 -- 2,739 -- -- -- -- — -- -- -- -- __ Total U.S. government securities 149,528 | 6,885 50,799 4,897 8,697 12,189 3,559 20,229 4,160 1,797 7,545 10,157 18,614 Total loans and securities 159,917 7,296 54,160 5,211 9,216 12,941 3,794 21,479 4,436 1,972 8,072 11,389 19,951 Cash items in process of collection 11,783 308 1,203 328 363 2,259 1,410 1,178 629 514 1,370 732 1,489 Bank premises 552 96 25 50 27 109 34 20 15 27 25 18 106 Other assets 3 7,581 252 2,348 280 465 475 421 1,031 206 185 355 518 1,045 Interdistrict settlement account -0- + 14 + 3,747 23 - 517 + 360 700 - 410 363 290 550 - 1,605 + 337 TOTAL ASSETS 196,030 9,154 65,912 6,631 10,553 17,519 5,545 25,472 5,585 2,632 10,167 12,143 24,717 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 $ 2,877 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 89 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 $ 41 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 October 5, 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 149,171 8,039 47,987 5,522 8,892 13,640 2,642 21,678 4,464 1,656 7,758 9,501 17,392 Deposits: Depository institutions 20,881 598 5,464 602 999 1,209 1,321 2,421 398 365 784 1,552 5,168 U.S. Treasury—general account 9,694 9,694 Foreign—official accounts 194 4 80 7 11 8 12 21 4 5 7 10 25 Other 386 296 31 2 51 2 1 3 Total deposits 31,155 602 15,534 609 1,010 1,248 1,335 2,493 402 370 793 1,563 5,196 Deferred availability cash items 10,179 323 765 277 288 2,282 1,263 565 568 471 1,356 696 1,325 Other liabilities and accrued dividends 1 2,248 98 783 72 138 174 60 304 61 28 109 145 276 TOTAL LIABILITIES 192,753 9,062 65,069 6,480 10,328 17,344 5,300 25,040 5,495 2,525 10,016 11,905 24,189 CAPITAL ACCOUNTS Capital paid in 1,447 38 357 69 101 74 116 191 39 50 67 106 239 Surplus 1,359 35 332 60 99 72 109 185 38 49 62 94 224 Other capital accounts 471 19 154 22 25 29 20 56 13 8 22 38 65 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 196,030 9,154 65,912 6,631 10,553 17,519 5,545 25,472 5,585 2,632 10,167 12,143 24,717 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 173,625 9,456 51,216 8,209 9,732 15,500 5,576 24,230 5,563 2,232 9,793 11,477 20,641 Less-Held by F.R. Banks 24,454 1,417 3,229 2,687 840 1,860 2,934 2,552 1,099 576 2,035 1,976 3,249 F.R. notes, net 149,171 8,039 47,987 5,522 8,892 13,640 2,642 21,678 4,464 1,656 7,758 9,501 17,392 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 U.S. govt, and agency securities 133,425 6,871 43,587 4,756 7,931 12,319 2,110 19,528 3,826 1,452 6,912 8,441 15,692 Total collateral 149,171 8,039 47,987 5,522 8,892 13,640 2,642 21,678 4,464 1,656 7,758 9,501 17,392 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