H.4.1 Factors Affecting Reserve Balances of Depository Institutions

; 0^ GOV/ 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 December 2, 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 November 30, ! November 23, December 1, November 30, 1983 1983 1982 1Q83 Reserve Bank credit: hi 2 U.S. government securities- Bought outright—system account 149,688 i + 951 + 13,999 149,439 Held under repurchase agreements — - 986 — — Federal agency obligations- Bought outright 8,659 - 71 - 284 8,647 Held under repurchase agreements — - 205 — — Acceptances- Bought outright — — — — Held under repurchase agreements — - 233 — — Loans to depository institutions 880 + 65 + 258 1,059 Includes: seasonal borrowing of 123 — + 88 125 extended credit of 13 + 9 - 172 2 Float 1,673 + 561 - 1,684 898 Other F.R. assets 8,081 +_ 257 - 946 8,438 Total Reserve Bank credit 168,980 + 338 + 11,342 168,481 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 198,507 T~ 338 __ 11,517 198,008 Currency in circulation* 166,430 + 784 + 14,090 166,682 Treasury cash holdings* 479 - 4 + 35 475 Treasury deposits with F.R. Banks 2,881 + 440 - 374 2,896 Foreign deposits with F.R. Banks 258 + 19 - 18 360 Other deposits with F.R. Banks 612 + 61 - 96 610 Service-related balances and adjustments3 1,238 - 19 + 829 983 Other F.R. liabilities and capital 5,542 - 62 ^_ 734 5,432 177,441 + 1,221 + " 15,200 177,438 Reserve balances with F.R. Banks* 21,066 _ 883 _ 3,682 20,569 Total vault cash 21,110 + 1,936 + 723 21,110 (a) Vault cash at institutions with required reserve balances 14,511 + 783 + 249 14,511 (b) Vault cash equal to required reserves at other institutions 3,196 + 603 | + 355 3,196 (c) Surplus vault cash at other institutions^ 3,403 i + 550 + 119 3,403 Reserve balances + total vault cash* 42,176 + 1,053 - 2,959 41,679 Reserve balances + total vault cash used to satisfy reserve requirements^ 38,773 + 503 - 3,078 38,276 Required reserves 38,203 + 220 - 3,152 38,203 Excess reserve balances at F.R. Banks7 J 570 1 + 283 + 74 73 On November 30, 1983, marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 111,906 million, a decrease of $806 million for the week. 1 Net of $ 2,197 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 2,197 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. govern ment securities. 2 Net of $2,711 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 2,711 million was with foreign official and international accounts. Includes $ 541 million securities loaned—fully secured by U.S. government securities. 3 Consists of required clearing balances of $ 983 million and adjustments of $ 255 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 November 30, 1983 November 23, 1983 December 1, 1982 ASSETS• \> Gold certificate account 11,123 -- - 25 Special Drawing Rights certificate account 4,618 -- + 200 Coin 428 18 - 6 Loans 1,059 430 - 945 Acceptances- _. -_ -. Held under repurchase agreements Federal agency obligations- Bought outright 8,647 83 - 296 Held under repurchase agreements 1 -- ..- -- U.S. government securities: Bought outright—Bills 64,691 - 2,073 + 9,932 Notes 63,934 -- + 1,308 Bonds 2200,,881144 -- ++ 2,258 Total bought outright2 114499,,443399 - 2,073 ++]] .3,498 Held under repurchase agreements 1 _- ~ -- Total U.S. government securities 149,439 - 2,073 +13?498 Total loans and securities 159,145 - 2,586 +12,257 Cash items in process of collection (2,568) 8,947 181 - 2,534 Bank premises 551 2 + 7 Other assets 3 7,887 + 119 _ 1,244 TOTAL ASSETS ((22,,556688 ) 192,699 - 2,668 ±-8,655 LIABILITIES Federal Reserve notes 153,800 + 330 +13,797 Deposits: Depository institutions 21,581 - 4,041 - 5,038 U.S. Treasury—general account 2,896 + 207 - 425 Foreign—official accounts 360 + 163 + 143 Other (25) 581 + 62 - 520 Total deposits (25) 25,418 - 3,609 - 5,840 Deferred availability cash items (2,543 ) 8,049 + 619 + 222 Other liabilities and accrued dividends* 2,369 + 205 + 576 TOTAL LIABILITIES 189,636 - 2,455 + 8,755 CAPITAL ACCOUNTS Capital paid in 1,458 + 4 + 104 Surplus 1,359 -- + 81 Other capital accounts 246 - 217 - 285 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 $ 763 million was outstanding at the end of the latest statement week. Net of $2,711 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $541 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 $47 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 30, 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 1,018 7,873 - 2,583 120 82 16 days to 90 days 41 -- 32,493 + 1,109 671 + 23 91 days to 1 year -_ -- 43,553 783 1,799 35 Over 1 year to 5 years -- -- 34,021 + 184 4,331 + 33 Over 5 years to 10 years „„ — 13,485 -_ 1,323 + 93 Over 10 years — — 18,014 -- 403 115 Total 1,059 149,439 - 2,073 8,647 83 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 30, 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 428 21 31 19 40 54 46 26 24 20 46 29 72 Loans 1,059 21 305 67 34 244 28 78 20 48 151 32 31 Acceptances held under repurchase agreements -- -~ -" -- -- -- — -- — -- -- -- — Federal agency obligations: Bought outright 8,647 406 2,831 289 512 718 210 1,192 245 106 444 598 1,096 Held under repurchase agreements 1 -- -- -- -- -- -- -- -- — — -- -- -- U.S. government securities: Bought outright-Bills 64,691 3,034 21,180 2,158 3,833 5,372 1,569 8,915 1,834 792 3,325 4,476 8,203 Notes 63,934 2,999 20,933 2,133 3,788 5,309 1,550 8,811 1,812 782 3,286 4,424 8,107 Bonds 20,814 976 6,815 694 1,233 1,728 505 2,868 590 255 1,070 1,440 2,640 Total bought outright 2 149,439 7,009 48,928 4,985 8,854 12,409 3,624 20,594 4,236 1,829 7,681 10,340 18,950 Held under repurchase agreements 1 -- -- -- -- -- -- -- -- -- — — — Total U.S. government securities 149,439 , 7,009 48,928 4,985 8,854 12,409 3,624 20,594 4,236 1,829 7,681 10,340 18,950 Total loans and securities 159,145 7,436 52,064 5,341 9,400 13,371 3,862 21,864 4,501 1,983 8,276 10,970 20,077 Cash items in process of collection 11,515 345 559 388 366 2,778 1,274 1,266 683 533 1,306 715 1,302 Bank premises 551 96 25 50 27 109 34 20 15 26 25 18 106 Other assets 3 7,887 236 2,035 254 427 700 395 932 208 179 383 1,132 1,006 Interdistrict settlement account -0- + 312 + 1,240 + 116 34 440 + 190 614 6 + 332 758 - 1,211 + 873 TOTAL ASSETS 195,267 9,614 60,349 6,934 11,187 17,893 6,333 25,644 6,063 3,277 10,124 12,713 25,136 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 $ 763 million was outstanding at the end of the latest statement week. 2 Net of $ 2,711 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 541 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 $ 47 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 30, 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 153 ,800 8,406 48 ,847 5,637 9,082 13 ,570 2,997 21 ,814 4 ,837 2,246 7,602 9,841 18,921 Deposits: j Depository institutions 21 ,581 691 5 ,570 728 1,465 1 ,238 1,848 2 ,304 510 329 985 1,771 4,142 U.S. Treasury—general account 2 ,896 — 2 ,896 — — — — — — — — — — Foreign—official accounts 360 4 247 7 11 8 12 20 4 5 7 10 25 Other 606 1 468 -- 1 14 5 83 26- — 2 2 4 Total deposits 25 ,443 696 9 ,181 735 1,477 _,_26 0 1,865 2", 407 540 334 994 1,783 4,171 Deferred availability cash items 10 ,592 326 924 343 291 2 ,453 1,176 727 542 568 1,280 718 1,244 Other liabilities and accrued dividends 1 2 ,369 97 674 73 125 444 58 288 56 29 106 143 276 TOTAL LIABILITIES 192 ,204 9,525 59 ,626 6,788 10,975 IT, 727 6,096 ~25~ ,236 5", 975 3,177 9,982 12,485 24,612 CAPITAL ACCOUNTS Capital paid in 1 ,458 39 357 71 101 73 121 192 40 50 67 107 240 Surplus 1 ,359 35 332 60 99 72 109 185 38 49 62 94 224 Other capital accounts 246 15 34 15 12 21 7 _J_L_ 10 1 13 27 60 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 195 ,267 9,614 60 ,349 6,934 11,187 17 ,893 6,333 25 ,644 6 ,063 3,277 10,124 12,713 25,136 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 178 ,700 9,715 52 ,914 8,185 9,901 15 ,524 5,881 24 ,394 5 ,854 2,818 9,959 11,941 21,614 Less-Held by F.R. Banks 24_, 900 1,309 4 ,067 2,548 819 1 ,954 2,884 2 ,580 1 ,017 572 2,357 2,100 2,693 FF.. RR.. nnootteess,, nneett 22 153 ,800 8,406 48 ,847 5,637 9,082 13 ,570 2,997 21 ,814 4 ,837 2,246 7,602 9,841 18,921 CCoollllaatteerraall hheelldd aaggaaiinnsstt FF..RR.. nnootteess:: Gold certificate account 11 ,123 Special Drawing Rights certif. acct. j 4 ,618 Other eligible assets - 0 - U.S. govt, and agency securities 138 ,059 Total collateral ["737, 800 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. 2 Effective October 12, 1933 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