H.4.1 Factors Affecting Reserve Balances of Depository Institutions

•.f^ff^&^ :•' 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 14, 1983 Averages of daily figures (millions of dollars) RReesseerrvveess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss,, Week ended Change from week ended Wednesday RReesseerrvvee BBaannkk ccrreeddiitt aanndd rrppllaattppdd iittppmm««>> i iwwwi v w uui ir\ wl wuil) OM\J l wiaiwu UUI1 IO October 12 , October 5. Oct Dber 13, October 12, IQfn IQS-H lQft? : , 1983 Reserve Bank credit: 1 2 U.S. government securities- Bought outright—system account 148,270 + 1,874 + 16,881 148,599 Held under repurchase agreements 2,089 - 4,203 + 2,089 — Federal agency obligations- Bought outright 8,736 - 1 - 211 8,734 Held under repurchase agreements 280 - 158 + 280 — Acceptances- Bought outright — — — — Held under repurchase agreements 11 - 547 + 11 — Loans to depository institutions 1,274 - 142 + 909 2,396 Includes: seasonal borrowing of 139 - 22 + 69 136 extended credit of 645 + 106 + 528 664 Float 1,322 + 447 - 969 3,641 Other F.R. assets 8,148 - 34 - 1,426 8,481 Total Reserve Bank credit 170,130 - 2,764 + 17,564 171,851 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 199,662 - 2,764 __ 17,944 201,383 Currency in circulation* 162,853 + 1,524 + 13,025 163,608 Treasury cash holdings* 475 + 5 + 39 475 Treasury deposits with F.R. Banks 8,628 - 3,698 + 5,809 7,151 Foreign deposits with F.R. Banks 188 - 68 - 60 182 Other deposits with F.R. Banks 646 + 172 + 114 691 Service-related balances and adjustments3 1,113 + 3 + 795 936 Other F.R. liabilities and capital 5,797 + 59 + 815 5,495 179,699 - 2,004 + 20,536 178,538 Reserve balances with F.R. Banks4 19,964 _ 758 _ 2,591 22,845 Total vault cash 21,018 + 109 + 691 21,018 (a) Vault cash at institutions with required reserve balances 14,011 - 235 + 249 14,011 (b) Vault cash equal to required reserves at other institutions 3,346 + 128 + 314 3,346 (c) Surplus vault cash at other institutions5 3,661 + 216 + 128 3,661 Reserve balances + total vault cash4 40,982 - 64 9 - 1,900 43,863 Reserve balances + total vault cash used to satisfy reserve requirements^ 37,321 - 865 - 2,028 40,202 Required reserves 36,569 - 960 - 2,318 36,569 Excess reserve balances at F.R. Banks? 752 + 95 + 2 90 3,633 On October 12, 1983, marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 109,626 million, a decrease of $192 million for the week. 1 Net of $ 1,402 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 1,402 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. govern ment securities. 2 Net of $1,119 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $1,119 million was with foreign official and international accounts. Includes $ 142 million securities loaned—fully secured by U.S. government securities. 3 Consists of required clearing balances of $ 936 million and adjustments of $ 177 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 12, 1983 October 5, 1983 October 13. 1982 ASSETS Gold certificate account 11,128 -- 20 Special Drawing Rights certificate account 4,618 -- 4- 400 Coin 453 4- 2 2 Loans 2,396 4- 1,011 4- 2,042 Acceptances- Held under repurchase agreements -- 20 -• Federal agency obligations- Bought outright 8,734 3 209 Held under repurchase agreements1 -- 247 .. U.S. government securities: Bought outright—Bills 65,326 4- 1,810 4-14,149 Notes 63,044 -- + 1,026 Bonds 2200,,222299 -- 4- 1,965 Total bought outright2 114488,,559999 + 1,810 4-17,140 Held under repurchase agreements1 — -- 22,,773399 -- Total U.S. government securities 148,599 992299 4-17,140 Total loans and securities 159,729 188 4-18,973 Cash items in process of collection (3,575) 13,390 4- 4,202 4- 471 Bank premises 552 -- 4- 11 Other assets 3 7,929 4- 348 - 1,271 TOTAL ASSETS ((33,,557755)) 197,799 4- 4,364 4-18,562 LIABILITIES Federal Reserve notes 150,750 4- 1,579 4-13,136 Deposits: Depository institutions 23,808 4- 2,927 - 416 U.S. Treasury—general account 7,151 - 2,543 4- 4,171 Foreign—official accounts 182 12 29 Other (2) 664 4- 278 4- 175 Total deposits (2) 31,805 4- 650 4- 3,901 Deferred availability cash items (3,573) 9,749 4- 2,165 4- 775 Other liabilities and accrued dividends* 2,265 4- 17 4- 497 TOTAL LIABILITIES (3,575) 194,569 4- 4,411 4-18,309 CAPITAL ACCOUNTS Capital paid in 1,448 4- 1 4 103 Surplus 1,359 4- 81 Other capital accounts 423 48 + 69 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 $ 1,936 million was outstanding at the end of the latest statement week. Net of $ 1,119 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $142 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 $ 37 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, October 12, 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 2,274 5,620 - 3,432 200 189 16 days to 90 days 122 33,259 4- 753 626 47 91 days to 1 year 45,728 4- 1,750 1,954 4- 49 Over 1 year to 5 years 32,713 4,267 63 Over 5 years to 10 years 13,690 1,169 Over 10 years 17,589 518 Total 2,396 148,599 929 8,734 250 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 12, 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 453 19 30 20 37 55 54 25 23 20 49 31 90 Loans 2,396 -- 1,227 59 3 16 16 185 23 38 82 724 23 Acceptances held under repurchase agreements -- -- -- -- -- -- -- -- -- -- -- -- -- Federal agency obligations: Bought outright 8,734 410 2,859 291 518 725 212 1,204 248 107 449 604 1,107 Held under repurchase agreements 1 -- -- -- -- -- -. -- -- -- -- -- — -- U.S. government securities: Bought outright—Bills 65,326 3,064 21,389 2 ,179 3,871 5,425 1,584 9,002 1,852 799 3,358 4,520 8,283 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 2 148,599 6,970 48,653 4 ,957 8,804 12,340 3,603 20,478 4,212 1 ,819 7,638 10,282 18,843 Held under repurchase agreements * -- -- -- -- -- -- -- -- -- -- -- -- -- Total U.S. government securities 148,599 6,970 48,653 4" ,957 8,804 12,340 3,603 20,478 4,212 1 ,819 7,638 10,282 18,843 Total loans and securities 159,729 7,380 52,739 5 ,307 9,325 13,081 3,831 21,867 4,483 1 ,964 8,169 11,610 19,973 Cash items in process of collection 16,965 398 1,957 565 667 3,359 2,469 1,401 854 794 1,845 1,256 1,400 Bank premises 552 96 25 50 27 109 34 20 15 27 25 18 106 Other assets 3 7,929 263 2,309 290 477 504 428 1,063 215 186 363 536 1,295 Interdistrict settlement account -0- + 579 + 4,560 + 200 610 303 929 972 - 472 - 77 - 616 - 1,591 + 231 TOTAL ASSETS 201,374 9,903 66,020 7 ,198 10,884 18,126 6,419 25,554 5,756 3 ,118 10,681 12,920 24,795 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 $ 1,936million was outstanding at the end of the latest statement week. 2 Net of $ 1,119 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 142 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 $ 37 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 12, 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 150,750 8,134 48,386 5,530 9,100 13,632 2,775 21,709 4,497 1,823 7,706 9,586 17,872 Deposits: Depository institutions 23,808 1,217 7,247 927 942 1,031 1,565 2,228 352 535 930 1,987 4,847 U.S. Treasury—general account 7,151 7,151 Foreign-official accounts 182 4 69 7 11 8 12 20 4 5 7 10 25 Other 666 586 1 21 1 46 1 7 1 2 Total deposits 3311,,880077 1,221 15,053 934 954 1,060 1,578 2,294 357 540 944 1,998 4,874 Deferred availability cash items 1133,,332222 354 1,042 511 472 3,046 1,763 815 750 620 1,767 947 1,235 Other liabilities and accrued dividends 1 22,,226655 104 724 76 138 188 65 314 63 31 115 154 293 TOTAL LIABILITIES 119988,,114444 "" 9,813 65,205 7,051 10,664 17,926 6,181 25,132 5,667 3,014 10,532 12,685 24,274 CAPITAL ACCOUNTS Capital paid in 11,,444488 38 357 69 101 74 116 191 39 50 67 107 239 Surplus 11,,335599 35 332 60 99 72 109 185 38 49 62 94 224 Other capital accounts 442233 17 126 18 20 54 13 46 12 5 20 34 58 TOTAL LIABILITIES AND CAPI TTTTTAAAAALLLLL ACCOUNTS 201 ,374 9,903 66,020 7,198 10,884 18,126 6,419 25,554 5,756 3,118 10,681 12,920 24,795 FEDERAL RESERVE AGENTS* ACCOUNTS F.R. notes outstanding 174,326 9,487 51,458 8,171 9,897 15,449 5,600 24,189 5,538 2,371 9,790 11,463 20,913 Less-Held by F.R. Banks 23,576 1,353 3,072 2,641 797 1,817 2,825 2,480 1,041 548 2,084 1,877 3,041 F.R. notes, net 150,750 88,,113344 4488,,338866 55,,553300 99,,110000 1133,,663322 22,,777755 2211,,770099 44,,449977 11,,882233 77,,770066 99,,558866 17,872 Collateral held against F.R. notes: Gold certificate account 11,128 Special Drawing Rights certif aaaccccccttt... 4,618 Other eligible assets - 0 - U.S. govt, and agency securiti eeesss 135,004 Total collateral 150,750 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rate sof foreign exchange commitments. 2 Effective October 12, 1983 Federal Reserve notes are collateralized in the aggregate, rather than Bank by Bank. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis