H.4.1 Factors Affecting Reserve Balances of Depository Institutions

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 23, 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 December 21, 1 December 14, i December 22, December 21, iq*n IQfiT 198? j lQft^ Reserve Bank credit: 1 2 U.S. government securities- Bought outright—system account 153,770 + 3,099 + 17,019 152,379 Held under repurchase agreements — — - 1,426 — Federal agency obligations- Bought outright 8,645 ~ 1 - 292 8,645 Held under repurchase agreements — — - 160 — Acceptances- Bought outright — — — — Held under repurchase agreements — — 204 — Loans to depository institutions 1,059 + 429 + 513 1,132 Includes: seasonal borrowing of 100 + 11 + 62 106 extended credit of 1 __ - 188 2 Float 1,780 + 162 - 1,158 4,232 Other F.R. assets u- 8»301 + 142 - 1,243 8,540 Total Reserve Bank credit 173,556 + 3,833 + 13,049 174,928 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 203,083 3,833 + 13,224 204,455 Currency in circulation* 168,295 + 582 + 13,685 169,033 Treasury cash holdings* 473 — + 39 472 Treasury deposits with F.R. Banks 4,108 + 842 + 1,149 4,621 Foreign deposits with F.R. Banks 237 + 40 - 42 287 Other deposits with F.R. Banks 620 + 39 + 82 531 Service-related balances and adjustments3 1,504 + 22 + 1,078 1,023 Other F.R, liabilities and capital 5,682 + 65 + 740 5,499 180,919 + 1,591 _ 16,731 181,466 r Reserve balances with F.R. Banks4 22,163 + 2,242 _ 3,508 22,989 Total vault cash i 20,357 - 2,020 + 851 20,357 (a) Vault cash at institutions with required reserve balances 14,516 - 285 + 404 14,516 (b) Vault cash equal to required reserves at other institutions 2,862 _ 893 + 368 2,862 (c) Surplus vault cash at other institutions^ 2,979 _ 842 + 79 2,979 Reserve balances + total vault cash 4 42,520 + 222 _ 2,657 43,346 Reserve balances + total vault cash used to satisfy reserve requirements^ 39,541 + 1,064 - 2,736 40,367 Required reserves 38,749 ; + 793 - 3,298 j 38,749 Excess reserve balances at F.R. Banks7 J 792 + 271 \ + 562 [ 1,618 OnDecember 21, 1983 , marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 113,897 million, an increase of $ 443 million for the week. 1 Net of $ 1,794 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 1,794 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. govern ment securities. 2 Net of $3,390 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 3,390 million was with foreign official and international accounts. Includes $ 226 million securities loaned—fully secured by U.S. government securities. 3 Consists of required clearing balances of $ 1,023 million and adjustments of $ 481 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 21, 1983 December 14, 1983 December 22, 1932 ASSETS Gold certificate account 11,123 -- 25 Special Drawing Rights certificate account 4,618 -- + 200 Coin 416 - 23 41 Loans 1,132 - 1,299 + 370 Acceptances- -- -- -- Held under repurchase agreements Federal agency obligations- Bought outright 8,645 — 292 Held under repurchase agreements 1 -- -- ~- U.S. government securities: Bought outright—Bills 67,631 + 2,324 +13,056 Notes 63,934 -- + 1,308 Bonds 2200,,881144 -- + 2,258 Total bought outright2 115522,,337799 + 2,324 +16,622 Held under repurchase agreements 1 -- _. ... Total U.S. government securities 152,379 + 2,324 +16,622 Total loans and securities 162,156 + 1,025 +16,700 Cash items in process of collection (2,013] 11,983 + 1,792 - 260 Bank premises 551 _ 2 + 3 Other assets 3 7,989 + 224 - 1,325 TOTAL ASSETS ((22,,001133]] 198,836 ii 3,016 +15,252 LIABILITIES Federal Reserve notes 156,135 + 862 +13,364 Deposits: Depository institutions 24,047 + 187 923 U.S. Treasury—general account 4,621 + 1,782 + 2,395 Foreign—official accounts 287 + 55 + 7 Other (3) 496 - 19 + 229 Total deposits (3) 29,451 + 2,005 + 1,708 Deferred availability cash items (2,010' ) 7,751 + 82 - 583 Other liabilities and accrued dividends* 2,271 + 59 + 534 TOTAL LIABILITIES (2,013' ) 195,608 + 3,008 +15,023 CAPITAL ACCOUNTS Capital paid in 1,464 + 3 + 108 Surplus 1,359 -- + 81 Other capital accounts 405 + 5 + 40 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 $ -0- million was outstanding at the end of the latest statement week. Net of $ 3,390 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 226 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 21, 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 jWeekly changes Holdings |Weekly changes Within 15 days 984 77,,339900 + 564 118899 + 128 16 days to 90 days 147 3333,,770033 + 480 664433 128 91 days to 1 year 1 — 4455,,776666 + 1,280 11,,886688 Over 1 year to 5 years 3344,,002211 44,,221199 Over 5 years to 10 years 1133,,448855 11,,332233 Over 10 years 1188,,001144 440033 Total 1,132 -- 115522,,337799 + 2,324 88,,664455 -- Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1 fb) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON December 21, 1983 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City 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 416 20 26 18 38 54 32 20 26 21 47 31 83 Loans 1,132 1 25 128 101 299 14 62 70 11 167 61 193 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 67,631 3,172 22,143 2 ,256 4,007 5,617 1,640 9,320 1 ,917 827 3,476 4,680 8,576 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 2 152,379 7,147 49,890 5 ,083 9,028 12,654 3,695 20,999 4 ,319 1,865 7,832 10,544 19,323 Held under repurchase agreements 1 — -- -- -- _- -- -- -- -- -- -- -- -- Total U.S. government securities ' 152,379 7,147 49,890 ~ ,083 9,028 12,654 3,695 20,999 HA ,319 1,865 7,832 10,544 " 19,323 To^aJ loans and securities 162,156 7,554 52,746 5 ,499 9,641 13,671 3,919 22,252 4 ,634 1,982 8,443 11,203 20,612 Cash iferns in process of collection 13,996 492 1,632 555 488 2,122 1,077 1,556 815 584 1,573 1,175 1,927 Bank premises 551 96 26 50 27 108 34 20 15 26 25 18 106 Other assets 3 7,989 251 2,079 273 458 476 397 1,031 204 183 347 1,248 1,042 tnterdistrict settlement account -0- + 619 + 1,558 f 185 944 - 435 + 214 - 1.054 - 152 + 273 - 1,319 - 1,874 + 2,929 TOTAL ASSETS 200,849 10,200 62,462 7 ,346 10,669 """ 17,317 6,205 25,975 6 ,180 3,273 9,962 12,861 28,399 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 $ -o- million was outstanding at the end of the latest statement week. 2 Net of S 3,390 million matched sale-purchase transactions outstanding at the end of the !atest statement week. Includes $ 226 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 21, 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 156,135 8,873 49,223 5,899 8,760 13,784 3,216 22,262 4,826 2,281 7,552 9,874 19,585 Deposits: Depository institutions 24,047 740 5,635 820 1,211 1,174 1,828 2,188 622 426 902 1,921 6,580 U.S. Treasury—general account 4,621 — 4,621 — — — — — — — — — — Foreign—official accounts 287 4 173 7 11 8 12 21 4- 5 7 10 25 Other 499 1 397 — 1 7 2 61 . — 1 2 23 4 Total deposits 29,454 745 10,826 827 1,223 1,189 1,842 2,270 626 432 911 1,954 6,609 Deferred availability cash items 9,761 388 869 391 327 1,987 836 701 566 425 1,234 640 1,397 Other liabilities and accrued dividends 1 2,271 103 730 77 138 185 61 317 71 31 115 155 288 TOTAL LIABILITIES 197,621 10,109 61,648 7,194 10,448 17,145 5,955 25,550 6,089 3,169 9,812 12,623 27,879 CAPITAL ACCOUNTS Capital paid in 1,464 40 357 71 101 73 122 192 40 51 68 108 241 Surplus 1,359 35 332 60 99 72 109 185 38 49 62 94 224 Other capital accounts 405_ 16 125 21 21 27 _19 48 13 4 20 36 155 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 200,849 10,200 62,462 7,346 10,669 17,317 6,205 25,975 6,180 3,273 9,962 12,861 28,399 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 179,612 10,103 52,888 8,221 9,755 15,646 5,949 24,615 5,814 2,812 9,842 11,820 22,147 Less-Held by F.R. Banks 23,477 1,230 3,665 2,322 995 1 ,862 2,733 2,353 988 531 2,290 1,946 2,562 F.R. notes, net 156,135 " 8,873 49,223 5,899 8,760 13,784 3,216 22,262 4,826 2,281 7,552 9,874 19,585 Collateral held against F.R. notes: 2 Gold certificate account 11,123 Special Drawing Rights certif. acct. 4,618 Other eligible assets - 0 - U.S. govt, and agency securities 140,394 Total collateral "156,135 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