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FEDERAL RESERVE Factors Affecting Reserves of Depository Institutions and Condition Statement of F.R. Banks

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HAJ. For Release at 4:15 p.m. EST

March 4, 1983

Reserves of depository institutions, Reserve Bank credit, and related items

[ Averages of daily figures (mHlioTiis^fdoHars) Reserves of depository institutions,

Reserve Bank credit, and related items 1 Week ended

March 2 , 1 Change from week ended i Wednesday

Reserves of depository institutions, Reserve Bank credit, and related items

1 Week ended March 2 , February 2 3 , March J, ! March 2 ,

1983 1983J 1982 1983 Reserve Bank credit: [l 2

U.S. government securities-Bought outright—system account ! 134,247 ' - 524 ! +8,348 132,817 Held under repurchase agreements 504 - 1 , 1 6 7 + 265 3,526

Federal agency obl igat ions-Bought outright 8,923 1 - 104 8,923 Held under repurchase agreements 54 31 + 35 379

Acceptances-Sought outright — — -- — Held under repurchase agreements 39 - 29 + 6 275

Loans to depository institutions 710 + 234 - 852 1,777 Includes: seasonal borrowing of 43 2 - 104 48

extended credit of 295 - 40 + 7 307

Float 2,387 + 787 - 750 3,748

Other F.R. assets 8,956 + 98 - 383 8,957

Total Reserve Bank credit 155,821 - 632 +6,567 160,402

Gold stock 11,139 — 11 11,139

Special Drawing Rights certificate account 4,618 — +1,050 4,618 Treasury currency outstanding 13,786

185,364 — + 72

+7,678 13,786

T o t a l F a c t o r s 13,786

185,364 - 632 + 72 +7,678 189,945

Currency in circulation* 151,945 + 64 +11,965 152,611

Treasury cash holdings* 463 + 1 7 465 Treasury deposits with F.R. Banks 2,896 - 325 - 1 , 0 3 2 3,525 Foreign deposits wi th F.R. Banks 267 + 57 77 226 Other deposits wi th F.R, Banks 529 + 23 - 444 521 Required clearing balances 535 + 13 + 378 535 Other F.R. liabilities and capital 4 ,882 + 112 - 905 4,766

161,517 - 57 +9,878 162,649

Reserve balances with F.R. Banks3 23,847 - 575 - 2 , 2 0 1 27,296

Total vault cash 19,725 +1,045 + 817 19,725 (a) Vault cash at institutions with required reserve balances 13,735 + 518 + 950 13,735 (b) Vault cash equal to required reserves at other institutions 2,330 + 244 + 108 2,330 (c) Surplus vault cash at other institutions4 3,660 + 283 - 241 3,660

Reserve balances + total vault cash3 43,572 + 470 - 1 , 3 8 4 47 ,021 Reserve balances + total vault cash used to satisfy reserve

requirements5 39,912 + 187 -1 ,143 43 ,361 Required reserves , Excess reserve balances at F.R. Banks

39,345 - 45 j - 1 ,197 j 39,345 Required reserves , Excess reserve balances at F.R. Banks 567 + 232 + 54 4,016

On March 2 , 1983 , marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter­national accounts were $ 114,134 mil l ion, an i n c r e a s e o f $1,693 m i l l i o n f o r t he week. 1 Net of $ 2 ,301 mil l ion, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of

$ 2 ,30 i rn i l l ion was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. 2 Net of $ 3,732 mil l ion matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $3 ,732

mil l ion was with foreign official and international accounts.. Includes $62 mill ion securities loaned-ful ly secured by U.S. Government securities.

3 Exclude required clearing balances. 4 Total vault cash at institutions without required reserve balances less vault cash equal to their required reserves.

5 Reserve balances with Federal Reserve Banks (which exclude required clearing balances) plus vault cash at institutions with required reserve balances plus vault cash equal to required reserves at other institutions.

6 Reserve balances with Federal Reserve Banks (which exclude required clearing balances) plus vault cash used to satisfy reserve requirements less required reserves, (This measure of excess reserves is comparable to the old excess reserve concept published historically.)

* 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

* Wednesday Change since

* Wednesday Wednesday Wednesday March 2 , 1983 February 23 , 1983 March 3 . 1982

ASSETS Gold certificate account 11,139 ~" " 11

1,050 75

Special Drawing Rights certif. acct. ! Coin Loans

4 ,618 512 + 7 +

+

11 1,050

75 Special Drawing Rights certif. acct. ! Coin Loans 1,777 4- 1,310 - 2,843

Acceptances-

Held under repurchase aggreements 275 4- 30 4- 44

Federal agency abligations— Bought outright 8,923

379 4* 1

240 + 103 244

Held under repurchase agreements 1

8,923 379

U.S. government securities: Bought outr ight-Bi l ls

Notes

51,635 62,187

- 1,148 + 4-

4 ,332 1,828

Bonds Total bought outright 2

Held under repurchase agreements 1

Total U.S. government securities Total loans and securities Cash items in process of collection { 2,568)

18,995 132,817

3,526 136,343 147,697

12,479 552

4-

— + + " 4-+ 4- " 4-4-

905 Bonds

Total bought outright 2 Held under repurchase agreements 1

Total U.S. government securities Total loans and securities Cash items in process of collection { 2,568)

18,995 132,817

3,526 136,343 147,697

12,479 552

4-

1,148 639

1,787 208

66

+ + " 4-+ 4- " 4-4-

7,065 1,858 8,923 6,265 2 ,340

44 Bank premises 8 405 232 4- 9 Other assets 3

TOTAL ASSETS ( 2 ,568, 185,402 -" 367 + 9,772

L IABIL IT IES F e d e r a l Reserve no tes 139,802 + 106 + 12,055 D e p o s i t s :

D e p o s i t o r y i n s t i t u t i o n s 27,832 - 424 - 3,489 U.S. Treasury—general account 3,525 4- 882 - 69 Foreign—official accounts 226 4- 16 - 22 Other (2) 520 4- 17 4- 153

Total deposits (2) 32,103 4- 491 - 3,427

Deferred availability cash items ( 2,566) 8", 731 - 1,024 + 1,402

Other liabilities and accrued dividends 4 1,678 4- 39 - 548 TOTAL LIABILITIES ( 2,568) 182;314 • " 388 4- 9 ,482

CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts

1,388 1,359

341

+ +

1

20

4* + 4-

96 81

113

* Figures in parentheses are the eliminations made in the consolidating process. 1 Does not include U.S. government and federal agency securities resold under foreign official and international accounts of which $-0 statement week

matched sale-purchase transactions to million was outstanding at the end of the latest

Net of $3,732 million matched sale-purchase transactions outstanding at the end of the latest statement week Includes $62 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 $32 million in Treasury Bills maturing within 90 days.

Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments.

MATURITY DISTRIBUTION OF LOANS AND SECURITIES March 2, 1983 Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements.

Loans Acceptances U.S. government securities Federal agency obligations Loans Acceptances

Holdings | Weekly changes Holdings | Weekly changes

Within 15 days 1,756 275 7,519 - 2,769 537 4- 42 16 days to 90 days 21 -- 25,953 39 601 + 31 91 days to 1 year -- -- 40 ,991 4- 1,173 2,059 4* 139 Over 1 year to 5 years -- -- 32,127 152 4 ,515 - 103 Over 5 years to 10 years — -- 12,970 -- 1,072 + 130 Over 10 years -- -- 16,783

136,343 -- 518

9,302 + --

Total 1,777 275 16,783

136,343 - 1,787 518

9,302 + 239

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1 (b)

STATEMENT OF CQMDSTiON OF EACH FEDERAL RESERVE BAhJK ON March 2 , 1983 Mill ions of dollars

ASSETS Gold certificate account Special Drawing Rights certif. acct.

Coin Loans Acceptances held under repurchase

agreements Federal agency obligations:

Bought outr ight Held under repurchase agreements 1

U.S. government securities: Bought outright—Bills

Notes Bonds

Total bought outr ight 2 Held under repurchase agreements 1

Total U.S. government securities

Total loans and securities Cash items in process of col lection Bank premises Other assets 3 Interdistrict settlement account

T O T A L ASSETS

Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St, Louis Mir neapoiis Kansas City Dallas

" | San | Francisco

11,139 570 3,203 554 744 96 7 402 1,476 418

Mir

154 6 75 74 3 1,233 4,618 241 1,335 225 302 408 161 646 170 61 241 310 518

512 31 32 17 59 60 57 31 29 23 52 35 86 1,777 13 1,322 28 5 8 6 55 9 2 2 3 294 12

275 -- 275 - -- -- -- „ -- .. . . -- --

8,923 412 2,807 297 589 757 227 1,266 300 113 422 605 1,128

379 -- 379 -- -- __ -- -- -- __ -- "- --51,635 2,386 16,243 1,721 3,408 4 ,381 1,314 7,327 1,738 651 2,439 3,500 6,527

62,187 2,873 19,561 2,072 4,104 5,277 1,583 8,826 2,094 784 2,938 4,215 7,860 18,995 878 5,975 633 1,254 1,612 483 2,696 639 239 897 1.288 2,401

132,817 6,137 41,779 4,426 8,766 11,270 3,380 18,849 4,471 1 ,674 6,274 9,003 16,788 3,526 -- 3,526 -- -- -- -. __ -- -- -- __ ._

136,343 6,137 45,305 4,426 8,766 11,270 3,380 18,849 4,471 1 ,674 6,2 74 9,003 16,788

147,697 6,562 50,088 4 ,751 9,360 12,035 3,613 20,170 4,780 1 ,789 6,719 9,902 17,928 15,047 295 1,495 516 396 2,785 1,753 1,720 726 596 1,663 1,125 1,977

552 97 25 51 27 110 34 19 15 27 24 17 106 8,405 263 2,521 323 551 529 528 1,109 236 224 372 552 1,197

- 0 - + 291 + 611 + 139 - 835 - 46 - 968 - 259 - 470 + 109 + 151 - 826 + 2,103 187,970 8,350 59,310 6,576 10,604 16,848 5,580 24,912 5,904 2 ,983 9,897 11,858 25,148

1 Does not include U.S. government and federal agency securities resold under matched sale-purchase transactions to foreign off icial and international accounts, of which $ - 0 - mi l l ion was outstanding at the end of the latest statement week.

2 Net of $ 3 ,732 mi l l ion matched sale purchase transactions outstanding at the end of the latest statement week. Includes $ 62 mil l ion securities loaned- fu l ly 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 $ 32 mi l l ion in Treasury Bills maturing wi th in 90 days.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1 (c)

STATEMENT OF CONDIT ION OF EACH FEDERAL RESERVE BANK ON MARCH 2 , 1983 Millions of dollars

Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas

City Dallas San

Francisco LIABILITIES

Federal Reserve notes 139,802 7,149 45,056 5 ,406 8 ,548 12,778 2 ,794 2 0 , 1 1 1 4 ,494 1,781 7,270 8 , 7 5 1 15,664 Deposits:

Depository institutions 27,832 727 8,033 666 1,470 1,073 1,202 3 ,420 626 527 1,018 1,794 7,276 U.S. Treasury—general account 3,525 — 3,525 — — — — — — — — -- __ Foreign—official accounts 226 4 112 7 11 8 12 21 4 5 7 10 25 Other 522 1 426 2 — 41 1 37 — — 3 10 1

Total deposits 32,105 732 12,096 675 1,481 1,122 " 1 , 2 1 5 3 ,478 630 ~" 532 " 1,028 1,814 7,302~ " ' Deferred availability cash items 11,297 297 918 299 236 2 ,633 1,284 653 634 542 1,376 962 1,463 Other liabilities and accrued

dividends * 1,678 82 462 59 121 147 52 248 59 5,817

25 2 ,880

83 9,757

116 11,643

224 T O T A L LIABILITIES 184,882 8,260 58,532 6 ,439 10,386 16,680 5,345 24 ,490

59 5,817

25 2 ,880

83 9,757

116 11,643 24,653

CAPITAL ACCOUNTS Capital paid in 1,388 38 340 63 99 71 112 189 39 49 63 97 228 Surplus 1,359 35 332 60 99 72 109 185 38 49 62 94 224 Other capital accounts 341 17 106 14 20^ 25 14 48^ JX) 5 15 24 43 TOTAL LIABILITIES AND CAPITAL

JX) 5 15 24

ACCOUNTS 187,970 8 ,350 59,310 6 ,576 10,604 16,848 5 ,580 24,912 5,904 2 ,983 9,897 11,858 25,148

FEDERAL RESERVE AGENTS' ACCOUNTS

F.R. notes outstanding 159 ,611 8,163 48,235 7 ,331 9,378 14,072 5 ,209 21 ,848 5,304 2 ,303 8 ,7 32 10,601 18,4 35

Less-Held by F.R. Banks 19,809 1,014 3,179 1,925 830 1,294 2 ,415 1,737 810 522 1,462 1,850 2,771

F.R. notes, net 139,802 7,149 45,056 5 ,406 8 ,548 12 .778 2 ,794 2 0 , 1 1 1 4 ,494 1,781 7,270 8 ,751 15,664

Collateral held against F.R. notes: Gold certificate account 11,139 570 3,203 554 744 967 402 1,476 418 154 675 743 1,2 33

Special Drawing Rights certif. acct. 4 ,618 241 1,335 225 302 408 161 646 170 61 241 310 5 ! 8

Other eligible assets - 0 - — — — — — — — — — — — --U.S. govt, and agency securities 124,045 6 ,338 40,518 4 ,627 7,502 11 ,403 2 , 2 3 1 17,989 3,906 1,566 6 ,354 7 ,698 13,913

Total collateral 139,802 7,149 45,056 5,406 8 ,548 12,778 2 ,794 2 0 , 1 1 1 " 4., 4 94""' 1 ,781 - " " 7,2 70~ 8 ,751 15,664

1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments.

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis