H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Reserves of Depository Institution and Condition Statement of F.R. Banks H.4.1 For immediate release January 9, 1981 Averages of daily figures Reserves of depository institutions, Week ended Change from week ended Wednesday Reserve Bank credit, January 7 December 3 lJ January 9, January 7, and related items 1981* 1980 1 1980 1981*_,._ Reserve Bank credit: (In millions of dollars) U.S. Government securities-- Bought outright—System account 1/ 119,139 +2,041 + 350 2/ Held under repurchase agreements 2,310 +1,800 + 2,310 - 117,331 Federal Agency obligations-- Bought outright 8,739 523 8,739 Held under repurchase agreements 311 311 Acceptances-- Bought outright Held under repurchase agreements 77 Loans-- To depository Institutions 1,117 - 510 + 387 854 Includes seasonal borrowing of: 112 - 4 + 50 93 Float 5,991 -3 ,058 _ 1,619 7,258 Other F.R. assets 8,390 - 154 + 2,762 8,070 Total Reserve Bank credit 146,266 + 409 + 5,293 142,252 Gold Stock 11,161 -- + 40 11,161 Special Drawing Rights certif. acct. 2,518 - 607 + 718 2,518 Treasury currency outstanding 13,427 + 1 + 471 13,427 173,372 - 198 + 6,523 169,358 Currency in circulation 136,111 - 801 +11,270 135,550 Treasury cash holdings 449 + 4 + 17 450 Treasury deposits with F.R. Banks 2,979 - 307 + 167 3,217 Foreign deposits with F.R. Banks 373 - 2 + 1 257 Ocl:er deposits with F.R. Banks 653 + 237 + 221 541 Other F.R. liabilities and capital 4,903 + 46 + 162 4,836 145,467 - 825 +11,836 144,851 _ Reserve balances with F.R. Banks 3/ 27,905 + 628 5,314 24,507 Total vault cash (estimated) " 17,841 - 641 N/A 17,841 a) Vault cash at institutions with required reserve balances 12,498 - 456 + 1,930 12,498 b) Vault cash equal to required reserves at other institutions 700 - N/A 700 c) Surplus vault cash at other institutions 4/ 4,643 - 185 N/A 4,643 Reserve balances + total vault cash 5/ 45,868 - 14 N/A 42,470 Reserve balances + total vault cash used to satisfy reserve requirements 5/6/ 4411,,222255 + 171 - 3,446 37,827 Required reserves (estimated) 40,374 - 184 - 4,169 40,374 Excess reserve balances at F.R. Banks 5/7/ 851 + 355 + 723 - 2,547 On January 7, 1981, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and interna tional accounts were $92,871 million, an increase of $1,076 million for the week. 1/ Net of $3,415 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $3,033 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. 2/ Net of $5,006 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $2,328 million was with foreign official and international accounts. Includes $196 million securities loaned—fully secured by U.S. Government securities. V Includes all reserve balances of depository institutions. 4/ Total vault cash at institutions without required reserve balances less vault cash equal to their required reserves. 5/ Adjusted to include $122 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19 1975. bj 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. (This measure of excess reserves is comparable to the old excess reserve concept published historically.) Vault cash and required reserves are partially estimated. * Estimated (Cleveland 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**** ••** January 7, 1981 December 31, 1980 January 9. 1980 ASSETS Gold certificate account 11,161 -- 11 Special Drawing Rights certif. acct. 2,518 -- + 718 Coin 389 - 8 16 Loans 854 - 955 396 Acceptances- held under repurchase agreements -- - 776 -- Federal agency obligations- Bought outright 8,739 -- + 523 Held under repurchase agreements1 -- - 525 -- U.S. government securities: Bought outright-Bills 41,720 - 1,968 - 4,872 Certificates-Special ** Notes 58,718 -- + 2,224 Bonds 1166,,889933 -- -1- 2,340 Totai bought outright2 111177,,333311 1,968 308 Held under repurchase agreements1 -- 22,,002299 -- Total US. government securities 117.331 33..999977 - 308 Totai ioans and securities 126,924 T" 6,253 - 18l Cash items in process of collection (.3,243) 14,456 + 1,902 - 292 Bank premises 456 . 1 + 48 Other assets 3 7.614 - 667 + 2.717 TOTAL ASSETS (3,243> 163,518 5,027 + 2,983 LIABILITIES Federal Reserve notes 122,962 - 1,279 +10,807 Deposits: Depository institutions 24,507 . 2,949 - 7,700 U.S. Treasury-general account 3,217 + 155 - 255 Foreign—official accounts 257 . 154 42 Other 541 - 76 + 217 Total deposits 28,522 « 3,024 - 7,780 Deferred availability cash items '3,243) 7,198 „ 889 + 27 Other liabilities and accrued dividends 4 2.181 .. 84 \f>L "TOTAL LIABILITIES U,243) 160,863 ~ 5,276 + 2,890 CAPITAL ACCOUNTS Capital paid in 1,203 + 57 Surplus 1,203 + 58 Other capital accounts 249 249 22 * 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 inter national accounts, of which $ -0- million was outstanding at the end of the latest statement week. 2 Net of $5,006 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 196 mill ion securities loaned—fully secured by U.S. government securities. 3 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. 4 Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. ** Estimated (Cleveland District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES , JANUARY 7, 1981 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 768 -- 1,931 -2,849 31 -674 16 days to 90 days 86 -- 21,652 -1,847 582 +156 91 days to 1 year -- .. 30,886 + 699 1,508 - 11 Over 1 year to 5 years -- -- 34,505 -- 4,862 + 25 Over 5 years to 10 years .- . -- 13,355 ... 1,071 - 21 Over 10 years ::LLLL 1155..000022 ... 668855 Total 885544 111177,,333311 -3,997 88,,773399 -525 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 JANUARY 7, 1981 Millions of dollars Kansas San Total Boston New York Philadelphia U Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco ASSETS Gold certificate account 11,161 577 3,013 560 847 961 465 1,722 465 225 501 572 1,253 Special Drawing Rights certif. acct. 2,518 128 665 121 201 229 79 411 106 42 111 132 293 Coin 389 27 22 19 48 42 37 19 25 13 44 31 62 Loans 854 25 58 42 96 46 23 220 24 31 116 54 119 Acceptances held under repurchase agreements -- -- -- -- -- -- -- -- — -- -- — -- Federal agency obligations: Bought outright 8,739 399 2,272 379 660 718 317 1,373 351 156 409 519 1,186 Held under repurchase agreements 1 -- -- -- -- -- -- -- -- — -- -- -- -- U.S. government securities: Bought outright—Bills 41,720 1,906 10,844 1,811 3,152 3,427 1,512 6,556 1,676 745 1,955 2,476 5}66u Notes 58,718 2,682 15,263 2,549 4,436 4,823 2,128 9,227 2,359 1,049 2,752 3,485 7,965 Bonds 16.893 772 4.391 733 1.276 1.387 612 2.654 679 302 792 1,003 2,292 Total bought outright 2 117,331 5,360 30,498 5,093 8,864 9,637 4,252 18,437 4,714 2,096 5,499 6,964 15,917 Held under repurchase agreements 1 -- -- -- -- -- -- -- -- -- -- -- __ -- Total U.S. government securities 117,331 5,360 30,498 5,093 8,864 9,637 4,252 18,437 4,714 2,096 5,499 6,964 15,917 1 i Total loans and securities 126,924 5,784 32,828 5,514 9,620 10,401 4,592 20,030 5,089 2,283 6,024 7,537 17,222 Cash items in process of collection 17,699 614 2,363 676 916 2,772 2,434 1,946 857 937 1,453 1,147 1,584 BBaannkk pprreemmiisseess 456 99 2D 53 24 89 35 16 14 28 22 13 43 OO IInn tt tt hh ee ee rr rr dd ii aa ss ss tt ss rrii ee cc tt tt ss ss 33 ee ttttlleemmeenntt aaccccoouunntt 7,6 - 1 0 4 - ' • - 11 \ 4:B8- . m .-m - 4 3 6 3 8 6 .xjlf •\M" - ffl- - 2 6 4 ? 1 3 - 34 4 2 9 + 4 3 6 3 7 4 -1,1 6 2 3 6 4 TOTAL ASSETS 166,761 7,241 49,425 6,357 11,642 14,626 6^48, 77,866 6,306 3,106 8,448 10,733 _JL9_r963 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 $ 5,006 million matched sale-purchase transactions outstanding at the end of the latest statement week, fncludes $ 196 million securities loaned—fully secured by U.S. government securities. 3 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. * (Estimated Cleveland 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 January 7, 1981 Millions of dollars total Boston New York-Philadelphia Cleveland * Richmond Atlanta Chicago St. Louis Minneapolis K C an it s y a s Dallas Fra S n a c n is co LIABILITIES Federal Reserve notes 122 ,962 ,6,119 35,586 '5,191 9>15 10,722^ - 3,370^ 1^304^ -• 4 ,797 1,789 5 ,709 7 ,051 13 ,919 Deposits: Depository institutions 24 ,507 623 7,835 635 ' 1,316 1,134 i;456 2 ,116 - 651 439 1 ,189 2 ,189 4 ,924 U.S. Treasury —general account 3 ,217 -- . 3,217 -- -- -- — — -- -- -- -- -- Foreign—official accounts 257 7 66 10 _ 21 13 V. 20 37 8 a 11 • 1-5 41 Other 541 4 407 13 22 16 \ 8 "16 2:2 4 6 _ _ : 8 17 Total deposits 28", 522 634 11,525 658 1,359 1,161 1,484 2", 169 681 m r, 206 ,212 4", 982 Deferred availability cash items 10,441 312 1,146 321 475 2,404 1,394 656 652 745 1 ,317 679 340 Other liabilities and accrued dividends 1/ 2 ,181 99 479 94 198 195 112 344 94 41 __ 100 128 297 TOTAL LIABILITIES 164 ,106 7,164 48,736 6,254 11,447 14,482 6,360 22,473 6", 224 3,026 ,332 10", 070 19 ^538 CAPITAL ACCOUNTS Capital paid in 1 ,203 33 306 46 95 62 90 177 36 38 52 74 194 Surplus 1 ,203 33 306 46 95 62 90 177 36 38 52 74 194 Other capital accounts 249 11 77 11 5 20 8 39 10 4 12 15 37 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 166 ,761 7,241 49,425 6,357 11,642 14,626 6,548 22 ,866 6 ,306 3,106 8 ,448 10 ,233 19 ,963 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 140 ,256 6,995 38,714 6,508 10,248 12,033 5,630 21 ,061 5 ,601 2,258 6 ,748 8 ,253 16 ,207 Less-held by F.R. Banks 17 ,294 876 3,128 1,327 833 1,311 2,260 1 ,757 804 469 1 ,039 1 ,202 2 ,288 F.R. notes, net 122 ,962 6,119 35,586 5,181 9,415 10,722 3,370 19 ,304 4 ,797 1,789 5 ,709 7 ,051 13 ,919 Collateral held against F.R. notes Gold certificate account U 161 577 3,013 560 847 961 465 1 ,722 465 225 501 572 1 ,253 Special Drawing Rights certif. acct. 2 518 128 665 121 201 229 79 411 106 42 111 132 293 Other eligible assets -- — -- -- -- — — -- -- -- — — -- U.S. govt, and agency securities 109 ,283 5,414 3.1.908, 4.500 8,367 9,532 2,826 17 ,171 4 ,226 1,522 5 ,097 6 ,347 12 ,373 Total collateral zm:! ^T" ,6.1 Iff 35,58ff 5,181 9,415 101722 3; 370 "~TT,3 04 t ,797 I77t9 5_, 709 7_, 051 13 ,919 I /Includes exchange translation account reflecting the monthly revaluation at market rates of foreign exchange commitments. * Estimated (Cleveland District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis