H.4.1 Factors Affecting Reserve Balances of Depository Institutions

.•:2&&ail- FEDERAL RESERVE Factors Affecting Reserves of Depository Institutions and f*>UR£ Condition Statement of F.R. Banks H.4.1. For release at 4:15 p.m. Eastern time November 25, 1983 Averages of daily figures (millions of dollars) Reserves of depository institutions, WWeeeekk eennddeedd Change from week ended Wednesday Pncpoepcrivvcp uRcaiinirkv vr^r^icruliltl) aainiur i lrupilaaitcpur i nitepmmo^ NNoovveemmbbeerr 2233,, November 16, November 24, November 23, 1983 IQft^ 1QS? iQ?n Reserve Bank credit: 1 2 U.S. government securities- Bought outright—system account 148,737 + 827 + 13,476 151,512 Held under repurchase agreements 986 + 986 + 152 — Federal agency obligations- Bought outright 8,730 + 1 - 213 8,730 Meld under repurchase agreements 205 + 205 + 99 — Acceptances- Bought outright — — — — Held under repurchase agreements 233 + 233 + 104 — Loans to depository institutions 815 - 209 + 348 1,489 Includes: seasonal borrowing of 123 + 11 + 77 124 extended credit of 4 — - 182 4 Float 1,233 - 808 - 1.098 1,698 Other F.R. assets 7,824 - 727 - 970 8,321 Total Reserve Bank credit 168,763 + " 5U9 + 11,898 " 171,750 Gold stock 11,123 — - 25 11,123 Special Drawing Rights certificate account 4,618 — + 200 4,618 Treasury currency outstanding 13,786 — — 13,786 Total Factors 198,290 ~T~ 509 +~ 12,073 201,277 Currency in circulation* 165,646 + 12 + 14,134 166,330 Treasury cash holdings* 483 - 1 + 32 480 Treasury deposits with F.R. Banks 2,441 _ 766 _ 430 2,689 Foreign deposits with F.R. Banks 239 + 4 - 38 197 Other deposits with F.R. Banks 551 _ 41 _ 42 553 Service-related balances and adjustments3 1,257 . 94 + 855 986 Other F.R. liabilities and capital 5,604 + 54 + 840 5,440 176,220 - 833 + 15,350 176,675 Reserve balances with F.R. Banks4 22,070 + 1,342 _ 3,277 24,602 Total vault cash 19,174 '- 1,764 + 486 19,174 (a) Vault cash at institutions with required reserve balances 13,728 - 289 + 254 13,728 (b) Vault cash equal to required reserves at other institutions 2,593 _ 712 + 238 2,593 (c) Surplus vault cash at other institutions^ 2,853 ~ 763 6 2,853 Reserve balances + total vault cash4 41,244 ~ 422 _. 2,791 43,776 Reserve balances + total vault cash used to satisfy reserve requirements^ 38,391 + 341 - 2,785 40,923 Required reserves 37,983 + 586 _ 2,869 37,983 Excess reserve balances at F.R. Banks7 408 ZL _ 245 + M 2,94Q On November 23, 1983, marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $112,712 million, an increase of $1,595million for the week. 1 Net of $2,886 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 2,886 million was with foreign official and international accounts, includes securities loaned—fully secured by U.S. govern ment securities. 2 Net of $ 187 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 187 million was with foreign official and international accounts. Includes $ 603 million securities loaned—fully secured by U.S. government securities. 3 Consists of required clearing balances of $ 986 million and adjustments of $ 271 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 pius vault cash used to satisfy reserve requirements less required reserves. * Esti nated (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 November 23, 1983 November 16, 1983 November 24.. 1982 ASSETS Gold certificate account 11,123 «._ 25 Special Drawing Rights certificate account 4,618 ... + 200 Coin 446 - 9 + 1 Loans 1,489 - 45 + 685 Acceptances- Held under repurchase agreements Federal agency obligations— Bought outright 8,730 — - 213 Held under repurchase agreements'! -- __ „. U.S. government securities: Bought outright—Bills 66,764 + 2,879 +13,316 Notes 63,934 + 1,324 + 1,308 Bonds 20,814 + 151 + 2,258 Total bought outright2 151,512 + 4,354 +16,882 Held under repurchase agreements'! -- Total U.S. government securities 151,512 + 4,354 +16,882 Total loans and securities 161.731 + 4,309 +17,354 Cash items in process of collection (3,118) 9.128 1,994 702 Bank premises 553 + 7 Other assets 3 7,768 + 479 570 TOTAL ASSETS ((33,,111188 ) 195,367 ±-2,785 +16,265 LIABILITIES Federal Reserve notes 153,470 + 653 +14,144 Deposits: Depository institutions 25,622 + 4,098 + 1,469 U.S. Treasury—general account 2,689 - 626 - 705 Foreign—official accounts 197 - 72 64 Other (2) 519 - 30 75 Total deposits (2) 29,027 + 3,370 + 625 Deferred availability cash items (3,116) 7,430 . 1,258 + 631 Other liabilities and accrued dividends* 2,164 . 50 + 583 TOTAL LIABILITIES 192,091 + 2,715 + 15,983 CAPITAL ACCOUNTS Capital paid in 1,454 . 2 + 100 Surplus 1,359 __ + 81 Other capital accounts 463 + 72 + 101 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 $ 3,195 million was outstanding at the end of the latest statement week. Net of $ 187 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 603 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 $ 44 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, November 23, 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 1,317 — 10,456 + 3,428 202 ... 16 days to 90 days 172 -- 31,384 + 3,501 648 — 91 days to 1 year -- -- 44,336 - 3,895 1,834 ... Over 1 year to 5 years — -- 33,837 + 820 4,298 — Over 5 years to 10 years "" — 13,485 + 349 1,230 — Over 10 years ~ — 18,014 + 151 518 ... Total 1,489 151,512 + 4,354 8,730 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 November 23, 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 11,123 927 3,060 541 659 913 371 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 446 21 32 19 40 54 48 29 32 20 48 30 73 Loans 1,489 18 406 153 35 129 260 88 24 161 146 36 33 Acceptances held under repurchase agreements -- — — -- -- — -- -- — — — — — Federal agency obligations: Bought outright 8,730 410 2,858 291 517 725 212 1,203 247 107 449 604 1,107 Held under repurchase agreements 1 -- -- -- -- — -- — -- -- -- — -- -- U.S. government securities: Bought outright-Bills 66,764 3,132 21,859 2,227 3,956 5,544 1,619 9,201 1,892 816 3,431 4,620 8,467 Notes 63,934 2,999 20,932 2,133 3,788 5,309 1,550 8,811 1,812 783 3,286 4,424 8,107 Bonds 20,814 976 6,815 694 1,233 1,729 505 2,868 590 255 1,070 1,440 2,639 Total bought outright 2 151,512 7,107 49,606 5,054 8,977 12,582 3,674 20,880 4,294 1,854 7,787 10,484 19,213 Held under repurchase agreements ' -- -- -- -- -- -- -- -- -- -- -- — Total U.S. government securities 151,512 { 7,107 49,606 5,054 8,977 12,582 3,674 20,880 4,294 1,854 7,787 10,484 19,213 Total loans end securities 161,731 7,535 52,870 5,498 9,529 13,436 4,146 22,171 4,565 2,122 8,382 11,124 20,353 Cash items in process of collection 12,246 249 1,379 340 398 2,895 1,571 1,264 614 546 1,414 306 1,270 Bank premises 553 96 26 50 27 109 34 20 15 27 25 18 106 Other assets 3 7,768 332 1,951 256 431 420 391 954 193 180 330 1,349 981 I merdistrict settlement account -0- + 331 638 57 663 172 - 282 200 + 82 + 95 787 - 693 + 2,984 TOTAL ASSETS 198,485 9,732 60,015 6,872 10,723 18,063 6,440 26,388 6,139 3,194 10,258 13,194 27,467 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 $3,195 million was outstanding at the end of the latest statement week. 2 Net of $ 187 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 603 million securities loaned-fuliy 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 $ 44 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 November 23, 1983 Millions of dollar! Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 153,470 8,286 48,747 5,663 9,070 13,568 3,085 21,814 4,816 2,204 7,507 9,850 18,860 Deposits: Depository institutions 25,622 959 5,719 723 1,021 1.389 1,692 3,223 671 421 1,071 2,081 6,652 U.S. Treasury-general account 2,689 2,689 Foreign-official accounts 197 4 84 7 11 8 12 20 4 5 7 10 25 Other 521 I 437 I 14 3 59 2 1 3 Total deposits 29,029 964 8,929 730 1,033 1,411 1,707 3,302 675 426 1,080 2,092 6,680 Deferred availability cash items 10,546 293 780 259 272 2,736 1,346 559 500 429 1,369 872 1,131 Other liabilities and accrued dividends1 2,164 99 680 73 127 176 59 290 57 31 151 144 277 TOTAL LIABILITIES 195,209 9,642 59,136 6,725 10,502 17,891 6,197 25,965 6,048 3,090 10,107 12,958 26,948 CAPITAL ACCOUNTS Capital paid in 1,454 39 357 71 101 73 118 191 40 50 67 107 240 Surplus 1,359 35 332 60 99 72 109 185 38 49 62 94 224 Other capital accounts 463 16 190 16 21 27 16 47 13 5 22 35 55 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 198,485 9,732 60,015 6,872 10,723 18,063 6,440 26,388 6,139 3,194 10,258 13,194 27,467 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 178,244 9,665 52.685 8,169 9,899 15.542 6,015 24,140 5,843 2,791 9,905 11,938 21,652 Less-Held by F.R. Banks 24.774 1,379 3,938 2,506 829 1,974 2,930 2,326 1,027 587 2,398 2.088 2,792 F.R. notes, net 2 153,470 88,,228866 4488,,774477 55,,666633 99,,007700 1133,,556688 33..008855 2211,,881144 44,,881166 22,,220044 77,,550077 99,,885500 18,860 Collateral held against F.R. notes: Gold certificate account 11.123 Special Drawing Rights certif. acct. 4.618 Other eligible assets - 0 - U.S. govt, and agency securities 137.729 Total collateral 153,470 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. 2 Effective October 12, 1^83 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