H.4.1 Factors Affecting Reserve Balances of Depository Institutions

wpjyg^. FEDERAL RESERVE •?i*E*&y 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 16, 1983 \ Averages of daily figures (millions of dollars) Reserves of depository Institutions, 11 WWeeeekk eennddeedd | Change from week ended 1 Wednesday DDeecceemmbbeerr 1144,, December 7, December 15, 1 December 14, 1QR? IQftl Reserve Bank credit: |1 2 U.S. government securities- Bought outright—system account 150,671 + 269 + 13,971 150,055 Held under repurchase agreements 466 Federal agency obligations- Bought outright 8,646 1 292 8,645 Held under repurchase agreements 151 Acceptances- Bought outright Held under repurchase agreements 75 Loans to depository institutions 630 + 188 ! - 73 2,431 Includes: seasonal borrowing of 89 ! + 65 93 extended credit of 1 1 188 1 Float 1,616 + 251 731 2,522 Other F.R. assets 8,159 + 151 - 1,149 8,318 Total Reserve Bank credit 169,721 + 858 + 11,032 171,971 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 199,248 + 858 + 11,207 201,498 Currency in circulation* 167,713 + 1,101 + 13,860 168,146 Treasury cash holdings* 473 1 + 35 473 Treasury deposits with F.R. Banks 3,266 + 123 75 2,839 Foreign deposits with F.R. Banks i 197 24 75 232 Other deposits with F.R. Banks 581 8 + 57 540 Service-related balances and ad|ustments3 i 1,482 + 234 -1- 1,060 1,018 Other F.R. liabilities and capital 1 5,617 + 153 + 707 5,432 179,328 + 1,575 + 15,568 178,680 Reserve balances with F.R. Banks* 19,919 718 - 4,362 22,817 Total vault cash 22,377 '+ 1,498 + 995 22,377 (a) Vault cash at institutions with required reserve balances 14,801 j + 341 + 317 14,801 (b) Vault cash equal to required reserves at other institutions 3,755 + 644 + 460 3,755 (c) Surplus vault cash at other institutions^ 3,821 + 513 + 218 3,821 Reserve balances-f total vault cash4 42,296 + 780 - 3,367 45,194 Reserve balances + total vault cash used to satisfy reserve requirements 6 38,475 + 267 - 3,585 41,373 Required reserves 37,956 + 258 i - 3,550 37,956 Excess reserve balances at F.R. Banks 7 | 519 1 + 9 ! 35 3,417 On December 14, J °S3,marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and International accounts were $ 113,454 million, an increase of $1,574 million for the week. 1 Net of $2,472 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $2,472 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. govern ment securities. 2 Net of $3,394 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 3,394 million was with foreign official and international accounts. Includes $ 368 million securities loaned—fully secured by U.S. government securities. 3 Consists of required clearing balances of $ 1,018 million and adjustments of $ 464 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 December 14, 1983 December 7, 1983 December 15, 1982 ASSETS Gold certificate account 11,123 -- 25 Special Drawing Rights certificate account 4,618 -- + 200 Coin 439 + 6 — Loans 2,431 + 1,940 - 937 Acceptances- Held under repurchase agreements -• «... - 105 Federal agency obligations- Bought outright 8,645 2 - 292 Held under repurchase agreements'! -- — - 301 U.S. government securities: Bought outright—Bills 65,307 + 510 + 8,836 Notes 63,934 — + 1,308 Bonds 2200,,881144 -- + 2,258 Total bought outright2 115500,,005555 + 510 +12,402 Held under repurchase agreements'! — — - 577 Total U.S. government securities 150*055 + 510 +11,825 Total loans and securities 161,131 + 2,448 +10,190 Cash items in process of collection (2,848) 10,191 + 50 - 736 Bank premises 553 + 1 + 5 Other assets 3 7,765 + 146 - 1,271 TOTAL ASSETS ((22,,884488)) 195 f 820 ++ 22,,665511 + 8,X3 LIABILITIES Federal Reserve notes 155,273 + 955 +13,580 Deposits: Depository institutions 23,860 + 2,758 - 5,609 U.S. Treasury—general account 2,839 - 1,323 79 Foreign—official accounts 232 77 - 153 Other (18) 515 23 + 1 Total deposits (18) 27,446 + 1,335 - 5,840 Deferred availability cash items (2,830] ) 7,669 + 368 + 19 Other liabilities and accrued dividends* 2,212 11 + 363 TOTAL LIABILITIES (2,848; ) 192,600 + 2,647 + 8,12? CAPITAL ACCOUNTS Capital paid in 1,461 + 2 + 106 Surplus 1,359 — + 81 Other capital accounts 400 + 2 + 54 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 $ -o- million was outstanding at the end of the latest statement week. Net of $ 3,394 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $368 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 $ 48 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, December 14, 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 2,283 -- 6,826 + 651 61 + 9 16 days to 90 days 137 -- 33,223 - 114 771 2 91 days to 1 year 11 -- 44,486 - 27 1,868 + 98 Over 1 year to 5 years -- — 34,021 — 4,219 - 108 Over 5 years to 10 years — — 13,485 — 1,323 -- Over 10 years -- -- 1188,,001144 -- 440033 + 1 Total 2,431 -- 115500,,005555 + 510 88,,664455 2 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 14, 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 1 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 439 20 28 18 39 55 47 27 25 21 48 31 80 Loans 2,431 11 1,812 88 2 71 • 17 139 14 93 107 37 40 Acceptances held under repurchase agreements -- -- -- — — — — -- — -- -- -- -- Federal agency obligations: Bought outright 8,645 406 2,831 288 512 718 210 1,191 245 106 444 598 1,096 Held under repurchase agreements 1 -- -- -- — -- — -- — — -- -- -- -- U.S. government securities: Bought outright—Bills 65,307 3,063 21,382 2,179 3,869 5,424 1,583 9,000 1,851 799 3,357 4,519 8,281 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 1,728 505 2,868 590 255 1,070 1,440 2,640 Total bought outright 2 150,055 7,038 49,129 5,006 8,890 12,461 3,638 20,679 4,253 1,837 7,713 10,383 19,028 Held under repurchase agreements 1 -- -- __ -- -- -- -- — — -- -- -- -- Total U.S. government securities 150,055 ^ 7,038 49,129 5,006 8,890 12,461 3,638 20,679 4,253 1,837 7,713 10,383 19,028 Total loans and securities 161,131 7,455 53,772 5,382 9,404 13,250 3,865 22,009 4,512 2,036 8,264 11,018 20,164 Cash items in process of collection 13,039 440 1,186 384 474 2,383 1,355 1,337 737 554 1,551 823 1,815 Bank premises 553 96 26 50 27 109 34 21 15 26 25 18 106 Other assets 3 7,765 250 1,992 271 448 453 442 990 203 183 336 1,152 1,045 Interdistrict settlement account -0- .+ 594 + 196 + 156 740 + 70 + 169 630 10 + 222 904 - 1,193 4- 2,070 TOTAL ASSETS 198,668 | 10,023 61,595 7,027 10,613 17,641 6,444 25,904 6,120 3,246 10,166 12,909 26,980 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 $ 3,394 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 368 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 OW December 14, 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 155,273 8,744 48,890 5,828 8,781 13,796 3,296 22,064 4,833 2,269 7,566 9,749 19,457 Deposits: Depository institutions 23,860 704 7,020 703 1,121 1,156 1,615 2,363 550 411 917 1,993 5,307 U.S. Treasury—general account 2,839 — 2,839 — — — — — — — - — — Foreign—offic al accounts 232 4 119 7 11 8 12 20 4 5 7 10 25 Other 533 1 1___ 436 — 2 10 2 76 — — 2 1 3 Total deposits 27,464 709 10,414 710 1,134 1,174 1,629 2,459 554 416 926 2,004 5,335 Deferred availability cash items 10,499 376 770 261 343 2,327 1,207 650 581 426 1,410 767 1,381 Other liabilities and accrued dividends 1 2,212 101 712 76 135 171 63 307 60 31 114 152 290 TOTAL LIABILITIES 195,448 ' 9,930 60,786 6,875 10,393 17,468 6,195 25,480 6,028 3,142 10,016 12,672 26,463 CAPITAL ACCOUNTS Capital paid in 1,461 40 357 71 101 73 121 192 40 50 68 108 240 Surplus 1,359 35 332 60 99 72 109 185 38 49 62 94 224 Other capital accounts 400 18 120 21_ 20 28 19 47 14 5 20 35 52 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 198,668 10,023 61,595 7,027 10,613 17,641 6,444 25,904 6,120 3,246 10,166 12,909 26,980 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding | 179,869 10,069 52,802 8,282 9,779 15,667 6,115 24,574 5,837 2,821. 9,854 11,834 22,235 Less-Held by F.R. Banks 1 24,596 1,325 3,912 2,454 998 1,871 2,819 2,510 1,004 552 2,288 2,085 2,778 F.R. notes, net 2 155,273 87744 48,890 5,828 8,781 13,796 3,296 22,064 4,833 2,269 7,566 9,749 19,457 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 139,532 Total collateral 155,273 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