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 30, 1983 F Averages of daily figures (millions of dollars) Reserves of depository institutions, WWeeeekk eennddeedd { Change from week ended 1 Wednesday Reserve Bank credit and related items DDeecceemmbbeerr 2288,, December 21, |De cember 29, j December 28, 198.3* j_—— 1981 1 Qfl? TQ«?* Reserve Bank credit: pi |2 U.S. government securities- Bought outright—system account 151,498 - 2,272 + 15,690 152,570 Held under repurchase agreements __ — „ 1,958 Federal agency obligations- Bought outright 8,645 — _ 292 8,645 Held under repurchase agreements — — ... 219 Acceptances- Bought outright — — __ Held under repurchase agreements — — _ 599 Loans to depository institutions 757 - 302 + 67 1,311 Includes: seasonal borrowing of 115 + 15 + 71 108 extended credit of 3 + 2 _ 188 5 Float 3,621 + 1,937 + 231 2,965 Other F.R. assets 8,486 + 185 _ 1,320 8,786 Total Reserve Bank credit 173,007 _ "53T " + ~"~ U75m 1757777 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 ' "202,534" - 453 ~T~" "117774 203,804 Currency In circulation** 169,671 + 1,376 + 13,964 170,519 Treasury cash holdings** 472 _ 1 + 34 472 Treasury deposits with F.R. Banks 3,729 _ 379 + 401 3,636 Foreign deposits with F.R. Banks 224 _ 13 ._ 107 263 Other deposits with F.R. Banks 528 _ 92 + 188 597 Service-related balances and ad]ustments3 1,351 _ 153 + 921 1,018 Other F.R. liabilities and capital 5,661 - 21 ! + 611 5,543 181,637 + 718 + 16,014 182,048 Reserve balances with F.R. Banks4 20,897 _ 1,170 _ 4,239 21,756 Total vault cash 21,362 + 1,005 + 866 21,362 (a) Vault cash at institutions with required reserve balances 14,975 + 459 + 569 14,975 (b) Vault cash equal to required reserves at other institutions 3,168 ! + 306 | 4- 704 3,168 (c) Surplus vault cash at other institutions5 3,219 + 240 1 _ 407 3,219 Reserve balances + total vault cash4 42,259 _ 165 1 _ 3,373 43,118 Reserve balances + total vault cash used to satisfy reserve requirements® 39,040 _ 405 J _ 2,966 39,899 Required reserves 38,540 - 209 - 2,703 38,540 Excess reserve balances at F.R. Banks? 500 | - 196 j - 263 1,359 On December 28, 1983, marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 112,846 million, a decrease of $1,051 million for the week. 1 Net of $ 4,346 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,857million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. govern ment securities. 2 Net of $ 3,274 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $3,274 million was with foreign official and international accounts. Includes $ 489 million securities loaned—fully secured by U.S. government securities. 3 Consists of required clearing balances of $ 1,018million and adjustments of $ 333 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 (Chicago District). ** 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 28, 1983 December 21, 1983 December 29, 1982 ASSETS Gold certificate account 11,123 _- 25 Special Drawing Rights certificate account 4,618 -- + 200 Coin 409 - 7 24 Loans 1,311 + 179 502 Acceptances- -- .» Held under repurchase agreements - 731 Federal agency obligations- Bought outright 8,645 — 292 Held under repurchase agreements"! -- -- - 511 U.S. government securities: Bought outright—Bills 67,822 + 191 +14,203 Notes 63,934 -- + 1,308 Bonds 2200,,881144 — + 2,258 Total bought outright2 115522,,557700 + 191 +17,769 Held under repurchase agreements'! -- -- - 3,347 Total U.S. government securities 152,570 + 191 +14,422 Total loans and securities 162,526 + 370 +12,386 Cash items in process of collection (2,536) 12,087 + 104 + 520 Bank premises 551 __ + 1 Other assets 3 8,235 + 246 - 1,168 TOTAL ASSETS ((22,,553366)) 199,549 + 713 +11,890 LIABILITIES Federal Reserve notes 157,614 + 1 ,479 +14,351 Deposits: Depository institutions 22,813 - 1 ,234 - 5,148 U.S. Treasury—general account 3,636 - 985 + 16 Foreign—official accounts 263 - 24 + 2 Other (13) 558 + 62 + 300 Total deposits (13) 27,270 - 2 ,181 - 4,830 Deferred availability cash items (2,523) 9,122 + 1 ,371 + 1,603 Other liabilities and accrued dividends'* 2,278 + 7 + 494 TOTAL LIABILITIES (2,536) 196,284 + 676 +11,618 CAPITAL ACCOUNTS Capital paid in 1,465 + 1 + 109 Surplus 1,359 -- + 81 Other capital accounts 441 + 36 + 82 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 $932 million was outstanding at the end of the latest statement week. 2 Net of $ 3,274 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $489 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 $ 35 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. ** Estimated (Chicago District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, ember 28, 1983 DeC 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 1,196 -- 7,216 - 174 178 - 11 16 days to 90 days 114 -- 35,659 + 1,956 598 - 45 91 days to 1 year 1 -- 44,175 - 1,591 1,937 + 69 Over 1 year to 5 years -- -- 34,021 -- 4,196 - 23 Over 5 years to 10 years -- -- 13,485 -- 1,333 + 10 Over 10 years -- -- 1188,,001144 -- 440033 ... Total 1,311 -~ 115522,,557700 + 191 88,,664455 — 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 28, 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 409 21 24 17 38 52 28 26 23 21 46 30 83 Loans 1,311 18 351 104 25 181 24 180 31 24 83 58 232 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 67,822 3,181 22,206 2,263 4,018 5,633 1,644 9,347 1,922 829 3,486 4,693 8,600 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 2 152,570 7,156 49,953 5,090 9,039 12,670 3,699 21,026 4,324 1,867 7,842 10,557 19,347 Held under repurchase agreements 1 -- -- -- -- -- -- -- -- -- -- -- -- -- Total U.S. government securities 152,570 7,156 49,953 5,090 9,039 12,670 3,699 21,026 4,324 1,867 7,842 10,557 19,347 Total loans and securities 162,526 7,580 53,135 5,482 9,576 13,569 3,933 22,397 4,600 1,997 8,369 11,213 20,675 Cash items in process of collection 14,623 452 1,178 500 811 2,725 1,131 1,555 861 582 1,627 1,392 1,809 Bank premises 551 96 26 50 27 108 34 20 15 26 25 18 106 Other assets 3 8,235 264 2,202 290 470 495 423 1,066 214 187 354 1,184 1,086 Interdistrict settlement account -0- + 781 + 128 + 70 - 1,248 364 + 114 + 166 169 + 260 - 1,058 - 1,773 + 3,093 TOTAL ASSETS 202,085 10,362 61,088 7,175 10,635 17,906 6,195 27,380 6,182 3,277 10,209 13,124 28,552 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 $932 million was outstanding at the end of the latest statement week. 2 Net of $ 4,346 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 489 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 $ 35 million in Treasury Bills maturing within 90 days. * Estimated (Chicago District). 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 Decembe r28, 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 157,614 8,991 49,616 5,942 8,831 13,928 3,299 22,335 4,854 2,307 7,597 9,956 19,958 Deposits: Depository institutions 22,813 785 4,596 676 1,015 1,176 1,710 3,099 510 378 911 1,808 6,149 U.S. Treasury—general account 3,636 — 3,636 — — — — — — Foreign—official accounts 263 4 149 7 11 8 12 21 4 5 7 10 25 Other 571 1 491 1 ' 1 6 2 58 4 — 2 1 4 Total deposits 1 27,283 790 8,872 684 1,027 1,190 1,724 3,178 518 383 920 1,819 6,178 Deferred availability cash items 11,645 385 1,050 321 420 2,432 859 1,084 657 450 1,427 950 1,610 Other liabilities and accrued dividends1 2,278 103 737 77 137 183 63 322 61 32 115 162 286 TOTAL LIABILITIES 198,820 10,269 60,275 7,024 10,415 17,733 5,945 26,919 6,090 3,172 10,059 12,887 28,032 CAPITAL ACCOUNTS Capital paid in 1,465 40 357 71 101 74 122 192 40 51 68 108 241 Surplus 1,359 35 332 60 99 72 109 185 38 49 62 94 224 Other capital accounts 441 18_ 124 20 20 27 19 84_ 14 5 20 35 55 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 202,085 10,362 61,088 7,175 10,635 17,906 6,195 27,380 6,182 3,277 10,209 13,124 28,552 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 179,111 10,088 52,845 8,185 9,731 15,593 5,807 24,585 5,794 2,806 9,818 11,779 22,080 Less-Held by F.R. Banks 21,497 1,097 3,229 2,243 900 1,665 2,508 2,250 940 499 2,221 1,823 2,122 F.R. notes, net 157,614 8,991 49,616 5,942 8,831 13,928 3,299 22,335 4,854 2,307 7,597 9,956 19,958 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 141,873 Total collateral 157,614 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. * Estimated (Chicago District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis