H.4.1 Factors Affecting Reserve Balances of Depository Institutions

QfCOW-* FEDERAL RESERVE Factors Affecting Reserves of Depository Institutions and ?<SB^F' Condition Statement of F.R. Banks H.4.1. For release at 4:15 p.m. Eastern time December 9, 1983 Averages of daily figures (millions of dollars) Reserves of depository institutions, Week ended Change from week ended Wednesday Reserve Bank credit, and related items December 7, November 30, December 8, December 7, 1983 1983 .„ 1982 L2&3 Reserve Bank credit: U.S. government securities- Bought outright—system account 150,402 714 + 14,894 149,545 Held under repurchase agreements Federal agency obligations- Bought outright 8,647 12 296 8,647 Held under repurchase agreements Acceptances- Bought outright Held under repurchase agreements Loans to depository institutions 442 438 5 491 Includes: seasonal borrowing of 89 34 63 89 extended credit of 2 11 184 Float 1,246 529 1,982 2,840 Other F.R. assets 8,008 73 1,227 8,171 Total Reserve Bank credit 168,744 338 + 11,392 169,694 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 198,271 338 + 11,567 199,221 Currency in circulation* 166,612 182 13,798 167,197 Treasury cash holdings* 474 5 34 473 Treasury deposits with F.R. Banks 3,143 262 109 4,162 Foreign deposits with F.R. Banks 221 37 13 309 Other deposits with F.R. Banks 589 23 166 579 Service-related balances and adjustments3 1,248 10 832 1,004 Other F.R. liabilities and capital 5,464 78 321 5,439 177,753 312 + 14,918 179,163 Reserve balances with F.R. Banks4 20,518 650 3,351 20,057 Total vault cash 20,879 231 612 20,879 (a) Vault cash at institutions with required reserve balances 14,460 51 242 14,460 (b) Vault cash equal to required reserves at other institutions 3,111 85 272 3,111 (c) Surplus vault cash at other institutions5 3,308 95 98 3,308 Reserve balances + total vault cash4 41,397 881 2,739 40,936 Reserve balances + total vault cash used to satisfy reserve requirements^ 38,089 786 2,837 37,628 Required reserves 37,698 505 2,914 37,698 Excess reserve balances at F.R. Banks7 391 281 77 70 On December 7, 1983 t marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 111,880 million, a decrease of $26 million for the week. Net of $2,034 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 2,034 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. govern ment securities. Net of $3,252 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $3,252 million was with foreign official and international accounts. Includes $ 332 million securities loaned—fully secured by U.S. government securities. Consists of required clearing balances of $ 1,004 million and adjustments of $ 244 million to compensate for float. Excludes required clearing balances and adjustments to compensate for float. Totai vault cash at institutions without required reserve balances less vault cash equal to their required reserves. 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. 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 * Wednesday Wed nesday Wednesday December 7, 1983 November 30, 1983 December 8, 1982 ASSETS Gold certificate account 11,123 — 25 Special Drawing Rights certificate account 4,618 -- + 200 Coin 433 + 5 -- Loans 491 - 568 - 942 Acceptances- _- Held under repurchase agreements Federal agency obligations- Bought outright 8,647 -- 296 Held under repurchase agreements'! -- -- -- U.S. government securities: Bought outright—Bills 64,797 + 106 +12,292 Notes 63,934 -- + 1,308 Bonds 2200,,881144 -- + 2,258 Total bought outright2 114499,,554455 + 106 +15,858 Held under repurchase agreements'! -- -- -- Total U.S. government securities 149,545 + 106 +15,858 Total loans and securities 158,683 _ 462 +14,620 Cash items in process of collection (2,681] 10,141 + 1,194 + 196 Bank premises 552 + 1 + 6 Other assets 3 7,619 268 - 1,197 TOTAL ASSETS ((22,,6688ii:: 193,169 +_ 470 +13,800 LIABILITIES Federal Reserve notes 154,318 + 518 +13,558 Deposits: Depository institutions 21,102 - 479 - 977 U.S. Treasury—general account 4,162 + 1,266 + 312 Foreign—official accounts 309 - 51 + 121 Other (2) 538 - 43 - 165 Total deposits (2) 26,111 + 693 709 Deferred availability cash items (2,679: 7,301 - 748 + 666 Other liabilities and accrued dividends* 2,223 - 146 + 70 TOTAL LIABILITIES (2,68T ) 189,953 + 317 +13,585 CAPITAL ACCOUNTS Capital paid in 1,459 + 1 + 105 Surplus 1,359 -- + 81 Other capital accounts 398 + 152 + 29 * 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 $ 3,252 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 332 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 $48 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, December 7, 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 380 6,175 - 1,698 52 68 16 days to 90 days 100 33,337 + 844 773 102 91 days to 1 year 11 44,513 + 960 ,770 29 Over 1 year to 5 years 34,021 ,327 4 Over 5 years to 10 years 13,485 ,323 Over 10 years 18,014 402 Total 491 149,545 106 8,647 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 December 7, 1983 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Franciscc 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 433 19 30 20 39 54 47 26 26 21 46 30 75 Loans 491 10 6 55 -- 60 14 172 10 21 90 35 18 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 64,797 3,039 21,214 2,162 3,839 5,381 1,571 8,930 1,837 793 3,331 4,484 8,216 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 2 149,545 7,014 48,962 4,989 8,860 12,418 3,626 20,609 4,239 1,830 7,687 10,348 18,963 Held under repurchase agreements 1 -- -- ~ -- -- -- -- -- -- -- -- — -- Total U.S. government securities 149,545 7,014 48,962 4,989 8,860 12,418 3,626 20,609 4,239 1,830 7,687 10,348 18,963 Total loans and securities 158,683 7,430 51,799 5,333 9,372 13,196 3,850 21,973 4,494 1,957 8,221 10,981 20,077 Cash items in process of collection 12,822 413 1,034 348 414 2,307 1,434 1,423 666 526 1,355 786 2,116 Bank premises 552 96 26 50 27 109 34 20 15 26 25 18 106 Other assets 3 7,619 242 1,944 263 439 435 401 961 206 190 332 1,147 1,059 Interdistrict settlement account -0- + 523 + 2,842 + 126 786 149 236 779 + 40 + 422 837 - 1,750 + 584 TOTAL ASSETS 195,850 9,891 62,070 6,906 10,466 17,273 6,062 25,774 6,085 3,346 9,988 12,272 25,717 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 $ 3,252 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 332 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 $ 48 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 December 7, 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 154,318 8,537 49,088 5,619 8,995 13,647 2,843 22,019 4,834 2,276 7,648 9,735 19,077 Deposits: Depository institutions 21,102 838 5,900 708 834 1,027 1,645 2,374 540 < 480 822 1,481 4,453 U.S. Treasury-general account 4,162 4,162 Foreign—official accounts 309 4 195 7 11 8 12 21 4 5 7 10 25 Other 540 1 446 1 23 1 61 2 2 3 Total deposits 26,113 843 10,703 715 846 1,058 1,658 2,456 544 485 831 1,493 4,481 Deferred availabi ity cash items 9,980 318 743 340 271 2,226 1,255 568 556 449 1,245 656 1,353 Other liabilities and accrued dividends 1 2,223 102 722 76 134 171 62 307 60 33 114 152 290 TOTAL LIABILITIES 192,634 9,800 61,256 6,750 10,246 17,102 5,818 25,350 5,994 3,243 9,838 12,036 25,201 CAPITAL ACCOUNTS Capital paid in 1,459 40 357 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 398 16 125 25 20 26 14 47 13 4 21 35 52 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 195,850 9,891 62,070 6,906 10,466 17,273 6,062 25,774 6,085 3,346 9,988 12,272 25,717 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 179,371 9,898 53,155 8,144 9,878 15,564 5,741 24,657 5,827 2,808 9,926 11,884 21,889 Less-Held by F.R. Banks | 25,053 1,361 4,067 2,525 883 1,917 2,898 2,638 993 532 2,278 2,149 2,812 F.R. notes, net 154,318 88,,553377 4499,,008888 55,,661199 88,,999955 1133,,664477 22,,884433 2222,,001199 44,,883344 22,,227766 77,,664488 99,,773355 19,077 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 138,577 Total collateral 154,318 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of 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