H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE m-. ••m,..,. •mai g&^.- Factors Affecting Reserves of Depository Institutions and Condition Statement of F.R. Banks For immediate release January 16, 1981 Averages of daily figures Reserves of depository institutions Week ended Change from week ended Wednesday Reserve Bank credit, January 14J January 7, January lb, {January 14, and related items 1981* 1981 1980 1981* Reserve Bank credit: (In millions of dollars) U.S. Government securities-- Bought outright--System account 1/ 120,543 •H.,404 + 1,830 - 2 1 / 21,571 Held under repurchase agreements *2,310 Federal Agency obligations— Bought outright 8,739 + 523 8,739 Held under repurchase agreements 311 Acceptances-- Bought outright Held under repurchase agreements Loans-- To depository institutions 1,332 + 215 + 105 2,539 Includes seasonal borrowing of: 105 7 + 32 109 Float 4,368 -1,331 - 1,701 3,832 Other F.R. assets 8,587 + 89 + 3,263 8,838 Total Reserve Bank credit 143,570 -2,512 + 4,022 145,519 Gold Stock 11,161 — 11 11,160 Special Drawing Rights certif. acct. 2,518 + 718 2,518 Treasury currency outstanding 13,431 + 4 + 458 13,437 170,680 -2,508 + 5,187 172,634 Currency in circulation ** 134,475 -1,646 +11,107 134,011 Treasury cash holdings ** 440 + 4 + 3 440 Treasury deposits with F.R. Banks 3,085 + 106 - 196 2,814 Foreign deposits with F.R. Banks 530 + 157 + 247 301 Other deposits with F.R. Banks 395 - 256 + 74 370 Other F.R. liabilities and capital 4,971 + 62 35 4,891 143,896 -1,574 +11,200 142,827 Reserve balances with F.R. Banks 3/ 26,784 - 934 - 6,013 29,807 Total vault cash (estimated) 20,390 +2,549 N/A 20,390 a) Vault cash at institutions with required reserve balances 14,268 +1,770 + 1,522 14,268 b) Vault cash equal to required reserves at other institutions 700 -- N/A 700 c) Surplus vault cash at other institutions 4/ 5,422 + 779 N/A 5,422 Reserve balances + total vault cash 5/ 47,287 +1,606 N/A 50,310 Reserve balances + total vault cash used to satisfy reserve requirements 5/6/ 41,865 + 827 - 4,549 44,888 Required reserves (estimated) 41,240 + 866 - 4,791 41,240 Excess reserve balances at F.R. Banks 5JJJ 625 - 39 + 242 3,648 On January 14, 1981, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and interna tional accounts were $92,983 million, an increase of $112 million for the week. 1/ Net of $1,695 million, dally average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $1,695 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. 2/ Net of $667 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $667 million was with foreign official and international accounts. Includes $110 million securities loaned—fully secured by U.S. Government securities. 3_/ 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. 5J Adjusted to include $113 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. 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. 2/ 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 (San Francisco 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 Wednesday January 14, 1981 January 7, 1981 January 16, 1980 ASSETS Gold certificate account 11,160 12 Special Drawing Rights certif. acct. 2,518 + 718 Coin 399 + 10 28 Loan: 2,539 + 1,685 + 799 Acceptances- held under repurchase agreements Federal agency obligations- Bought outright 8,739 523 Held under repurchase" agreements* U.S. government securities: Bought outright-Bills 45,960 + 4,240 + 2,233 Notes 58,718 -. + 2,224 Bonds 16,893 — + 2,340 Total bought outright^ 121,571 + 4,240 + 6,797 Held under repurchase agreements Total U.S. government securities 121,571 + 4,240 + 6,797 Total loans and securities 132,849 + 5,925 + 8,119 Cash items in process of collection ( 4,666 ) 10,490 - 3,167 - 3,964 Bank premises 459 + 3 + 50 Other assets 3 8,379 + 9 + 3,491 TOTAL ASSETS (4,666 ) 166,254 + 2,779 + 8,375 LIABILITIES Federal Reserve notes 121,413 1,538 +10,568 Deposits: Depository institutions 29,807 + 5,300 156 U.S. Treasury-gen era I account 2,814 - 403 - 654 Foreign—official accounts 301 + 44 + 51 Other (1,429) 370 159 + 63 Total deposits (1,429) 33,292 + 4,782 - 696 Deferred availability cash items (3,237) 6,658 - 478 - 1,403 Ofher liabilit es and accrued dividends 4 2,222 + 13 + 13 TOTAL LIAPM ITIFS '(4,666 ) 1631585 + 2,779 + 8,482 CAPITAL ACCOUNTS _ Capital paid in 1,203 — + 53 Surplus 1,203 — + 58 Other capital accounts 263 -- 219 * 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 $1,323 million was outstanding at the end of the latest statement week. 2 Net of $ 667 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 110 million 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 (San Francisco District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JANUARY 14, 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 Loans Acceptances Holdings | Weekly changes" Holdings Weekly changes Within 15 days 2,464 4,244 +2,313 31 16 days to 90 days 75 23,635 +1,983 604 + 22 91 days to 1 year 30,831 - 55 1,586 + 78 Over 1 year to 5 years 34,505 4,762 -100 Over 5 years to 10 years 13,354 1,071 Over 10 years 15,002 685 Total 2,539 121,571 +4,240 8,739 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 14, 1981 Millions of dollars Kansas San * Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City Francisco ASSETS Gold certificate account 11,160 577 3,012 560 847 961 465 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 399 27 22 21 49 43 41 20 25 12 44 32 63 Loans 2,539 60 1,641 27 146 95 128 166 59 47 127 39 4 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 45,960 2,100 11,946 1,996 3,472 3,776 1,665 7,222 1,847 821 2,153 2,727 6,235 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 2 121,571 5,554 31,600 5,278 9,184 9,986 4,405 19,103 4,885 2,172 5,697 7,215 16,492 Held under repurchase agreements 1 -- — — -- — -- -- -- -- — — . -- •-- Total U.S. government securities 121,571 5,554 31,600 5,278 9,184 9,986 4,405 19,103 4,885 2,172 5,697 7,215 16,492 Total loans and securities 132,849 6,013 35,513 5,684 9,990 10,799 4,850 20,642 5,295 2,375 6,233 7,773 17,682 Cash items in process of collection 15,156 387 2,634 528 885 2,512 1,844 1,896 806 676 1,159 958 871 Bank premises 459 100 20 54 24 89 35 17 14 28 22 13 43 Other assets3 8,379 278 2,215 345 615 502 553 1,210 267 220 361 479 1,334 Interdistrict settlement account -0- - 236 -(-7,736 -1,124 -1,229 - 590 + 119 -1.678 - 593 - 277 + 182 + 113 -2,423 TOTAL ASSETS 170,920 7,274 51,817 6,189 11,382 14,545 7,986 24,240 6,385 3,301 8,613 10,072 19,116 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 $1,323 million was outstanding at the end of the latest statement week. 2 Net of $ 667 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ HO million securities loaned-fuiiy secured by U.S. government securities. 3 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. * Estimated (San Francisco 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 14, 1981 Millions of dollars Kansas San * Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 121,413 5,998 35,520 5,066 9,338 10,628 3,076 19,128 4,700 1,771 5,668 6,945 13,575 Deposits: Depository institutions 29,807 798 10,813 609 1,205 1,193 1,812 3,612 855 838 1,496 2,177 4,399 U.S. Treasur y — general account 2,814 2,814 Foreign—official accounts 301 7 110 10 20 13 19 38 8 8 11 16 41 Other 1,799 335 1 24 1,430 2 1 1 2 2 1 Total deposits 34,721 805 14,072 619 1,226 1,230 3,261 3,652 864 847 1,509 2,195 4,441 Deferred availability cash items 9,895 294 1,060 307 446 2,341 1,327 729 644 562 1,213 639 333 Other liabilities and accrued dividends 1/ 2,222 99 486 94 162 202 133 337 95 40 101 130 343 TOTAL LIABILITIES 168,251 7,196 51,138 6,086 11,172 14,401 7,797 23,846 6,303 3,220 8,491 9,909 18,692 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 263 12 67 11 20 20 9 40 10 5 18 15 36 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 170,920 7,274 51,817 6,189 11,382 14,545 7,986 24,240 6,385 3,301 8,613 10,072 19,116 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 140,467 7,029 38,745 6,495 10,230 12,074 5,540 21,056 5,650 2,285 6,766 8,344 16,253 Less-held by F.R. Banks 19,054 1,031 3,225 1,429 892 1,446 2,464 1,928 950 514 1,098 1,399 2,678 F.R. notes, net 121,413 5,998 35,520 5,066 9,338 10,628 3,076 19,128 4,700 1,771 5,668 6,945 13,575 Collateral held against F.R. notes: Gold certificate account 11,160 577 3,012 560 847 961 465 1,722 465 225 501 572 1,253 Special Drawing Rights cert if. acct. 2,518 128 665 121 201 229 79 411 106 42 111 132 293 Other eligible assets 0 0 0 0 0 0 0 0 0 0 0 0 0 U.S. govt. 3nd agency securities 107,735 5,293 31,843 4,385 8,290 9,438 2,532 16,995 4,129 1,504 5,056 6,241 12,029 Total collateral 1 121.413 11 5.998 35,520 5.066 9.338 10.628 3.076 19.128 4.700 1*771 5.668 6,945 13,575 - ^/Includes exchange translation account reflecting the monthly revaluation at market rates of foreign exchange commitments. * Estimated (San Francisco District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis