H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Reserves of Depository Institutions and '•f*-Uftl^ Condition Statement of F.R. Banks For immediate release January 23, 1981 Averages of dally figures R&serves of depository institutions Week ended Change from week ended Wednesday January 2lllatiuary 14, (January 23, [January 21 R a e n s d e r r v e e l at B e a d n k i c t r e e m d s i t, 198gi1 I 1 J- 9 ^ 8 v 1 * I " 1 980 1981 Reserve Bank credit: Jin millions of dollars) U.S. Government securities--' ^f 119,753 790 + 2,430 f 113,812 Bought outright—System account 199 199 - 173 Held under repurchase agreements Federal Agency obligations-- 8,739 + 523 8,739 Bought outright 15 15 - 250 Held under repurchase agreements Acceptances-** Bought outright 32 32 29 Held under repurchase agreements Loans-- 1,419 + 87 + 216 1,349 To depository Institutions 123 + 18 4- 46 136 Includes seasonal borrowing of: F O l t o he a T r t o ta F l .R . R es a e s r s v e e t s B ank credit 14 9 3 3 , , , 1 8 2 9 8 3 5 2 0 4 _ - - 6 6 4 0 0 5 9 8 9 + 4 - - 5 3 1 , , , 1 8 3 6 3 8 9 8 6 I j 13 4 9 7 , * , 8 1 9 9 9 9 4 2 8 T G S o r p l e e d a c s ia u S l r t y o D c r k c a u w r i r n e g n cy R ig o h u t t s s t c a e n r di t n i g f . acct. 1 1 1 7 1 2 3 0 , , , , 5 1 4 3 1 6 3 4 8 0 8 7 + - - 45 1 7 3 4 + + - 6,3 7 4 ' 2 1 1 4 8 2 3 9 ' 1 1 1 6 1 2 5 3 , , , , 5 1 1 4 1 5 1 4 8 9 3 4 Currency in circulation * 132, 4 8 4 09 0 -1, 6 — 70 4-10,74 4 9 132, 4 32 4 5 0 Treasury cash holdings * 3,109 4- 24 4- 36 ; 3,013 Treasury deposits with F.R. Banks 304 - 226 16 1 248 Foreign deposits with F.R. Banks 672 + 277 4- 326 536 Other deposits with F.R. Banks 4,973 4- 2 193 4*701 Other F.R. liabilities and capital 142,307 -1, 594 4-10,898 | 141,263 Reserve balances with F.R. Banks 3/ 28,039 +1 ,139 - 4,577 23,850 Total vault cash (estimated) 20,244 - 146 N/A 20,244 a) w Va i u t l h t r c e a q s u h i re at d r i e n s s e t r i v t e u ti b o a n l s a nces 14,066 - 202 4- 2,283 j 14,066 b) V r a e u s l e t r v c e a s s h a t e q o u t a h l e r to i n r s e t q i u t i u r t e i d o ns 700 - N/A 700 c) S i u n r s p t l i u t s u t v i a o u n l s t 4 c / a sh at other 5,478 + 56 N/A 5,478 Reserve balances + total vault cash 5/ 48,395 + 992 N/A 44,206 Res u e s r e v d e t b o a l s a a n t c i e s s f y + r t e o s t e a r l v e v a r u e l q t u i c r a em sh e nts 5/6./ 42,917 -f 936 - 2,354 38,728 Required reserves (estimated) 42,180 4- 940 - 2,965 42,180 Excess reserve balances at F.R, Banks 5/7/ 737 - 4 4- 611 - 3,452 On January 21, 1980, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and interna tional accounts were $92,520 million, a decrease of $463 million for the week. 1/ Net of $3,314 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a -net of $2,307 million was with foreign official and international accounts. Includes securities loaned—fully secnred by U.S. Government securities. 2/ Net of $9,149 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $2,100 million was with foreign official and international accounts. Includes $110 mllllor. securities loaned—fully secured by I],S» Government securities, 37 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. 57 Adjusted to include $112 million waivers of penalties for reserve deficiencies in accordance with Board policy effective Hovember 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. 77 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. Digitized for FRASER * Estimated (Treasury's Fisures'Nhttp://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 ••ffcc WWeeddnneessddaayy January 21, 1981 January 14, 1981 January r 23, 1980 ASSETS Gold certificate account 11,159 1 - 13 Special Drawing Rights certif. acct. 2,518 4- 718 Coin 425 + 26 - 16 Loans 1,349 - 1,190 + 233 Acceptances— held under repurchase agreements -- -- - 327 Federal agency obligations- Bought outright 8,739 -- + 523 Held under repurchase agreements* -- -- - 907 U.S. government securities: Bought outright-Bills 38,201 - 7,759 - 7,702 Certificates-Special Notes 58,718 -- + 2,224 Bonds 1166..889933 -- ++.. 2,340 TToottaall bboouugghhtt oouuttrriigghhtt22 111133,,881122 - 7,759 3,138 HHeelldd uunnddeerr rreeppuurrcchhaassee aaggrreeeemmeennttss -- -- 1,660 Total U.S. government securities 113,812 - 7,759 4,798 Total loans and securities 123,900 - 8,949 ~r5 ,276 Cash items in process of collection ( 3,271) 11,702 + 1,181 - 994 Bank premises 458 1 + 47 Other assets 3 8,740 + 361 +_3 ,772 TOTAL ASSETS ( 3,271) 158,902 - 7,383 z_ 1,762 LIABILITIES Federal Reserve notes 119,746 - 1,698 +10,065 Deposits: Depository institutions 23,850 - 5,957 -11,015 U.S. Treasury—general account 3,013 + 199 - 296 Foreign—official accounts 248 53 + 6 Other (275) 536 + 166 + 179 Total deposits (275) 27,647 - 5,645 -11,126 Deferred availability cash items ( 2,996) 6,808 + 150 . 57 Other liabilities and accrued dividends 4 2,058 164 . 295 TOTAL LIABILITIES ( 3,271) 156,259 - 7,357 ~ 1,413 CAPITAL ACCOUNTS Capital paid in 1,204 + 1 + 52 Surplus 1,203 ..- + 58 Other capital accounts 236 27 - 459 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 inter national accounts, of which $ -0- million was outstanding at the end of the latest statement week. Net of $9,149 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ no million securities loaned—fully secured by U.S. government securities. Includes assets denominated in foreign currencies* revalued monthly at market exchange rates. Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JANUARY 21, 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 obligation*; LLooaannss AAcccceeppttaanncceess Holdings | Weekly changes Holdings | Weekly changes Within 15 days 1,310 -- 3,547 - 697 73 + 42 16 days to 90 days 39 -- 16,769 -6,866 550 - 54 91 days to 1 year -- -- 30,634 - 197 1,750 +164 Over 1 year to 5 years -- -- 34,505 -- 4,597 -165 Over 5 years to 10 years -- -- 13,355 + 1 1,085 + 14 Over 10 years -- ffff-- 1155,,000022 — 668844 - 1 Total 1,349 111133,,881122 -7,759 88,,773399 -0- 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 21, 1981 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco ASSETS Gold certificate account 11,159 577 3,011 560 847 961 465 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 425 29 25 22 52 45 46 23 26 14 45 32 66 Loans 1,349 133 76 37 75 117 168 194 68 27 139 22 293 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 38,201 1,746 9,929 1,659 2,886 3,138 1,384 6,003 1,535 682 1,790 2,267 5,182 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 2 113,812 5,200 29,583 4,941 8,598 9,348 4,124 17,884 4,573 2,033 5,334 6,755 15,439 Held under repurchase agreements 1 Total U.S. government securities 113,812 5,200 29.583 4,941 8,598 9.348 4,124 17,884 4,573 2,033 5.334 6.755 15.439 Total loans and securities 123,900 5,732 31.931 5.357 9.333 10,183 4,609 19,451 4,992 2.216 5.882 7,296 16.918 Cash items in process of collection 14,973 479 1,742 636 902 2,387 1,684 1,867 934 691 1,410 944 1,297 Bank-premises 458 100 20 53 24 89 35 17 14 28 22 13 43 Other assets 3 8,740 291 2,299 360 641 536 618 1,248 280 229 374 502 1,362 Interdistrict settlement account -0- - 264 +6,144 - 836 - 801 - 71 -1.113 -1.912 - 460 - 47 + 201 + 805 -1.646 TOTAL ASSETS _162U73_. 7.072 45,837 „ 6.273 _JJL12£__ 14.359 6,423 22.827 6.357 3,398 8,546 10,296 19,586 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 $<t -_0H-_ mmiilllliirotrnt wiAa/asc o<-u»i tistetatanndrilningn ar»t +t htUen e <n->dn ^ol *f• »*t h+eU /tl alnte+«s>t« +s t<a«+te^4m.n~e.An—t 4w- e...e»k».!„ 2 'NM et of $ 9,149 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 110 million securities loaned-fully secured byy UU..SS.. gqoovveerrnnmmeenntt sseeccuurriittiieess.. 3 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

HA1 (c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON January 21, 1981 Millions of dollars total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San City Francisco LIABILITIES Federal Reserve notes 119,746 5,909 35,212 5,009 9,189 10,560 3,106 18,640 4,629 1,701 5,635 6,885 13,271 Deposits: Depository institutions 23,850 680 4,842 710 1,138 1,169 1,803 2,879 846 750 1,467 2,429 5,137 U.S. Treasury-general account 3,013 -- 3,013 -- -- -- -- -- -- -- -- -- -- Foreign—official accounts 248 7 57 10 20 13 19 38 8 8 11 16 41 Other 811 -- 503 -- 1 24 1 1 -- 276 2 2 1 Total deposits 27,922 687 8,415 720 1,159 1,206 1,823 2,918 854 1,034 1,480 2,447 5,179 Deferred availability cash items 9,804 306 1,077 350 489 2,284 1,199 560 712 542 1,227 680 378 Other liabilities and accrued dividends 1/ 2,058 93 460 91 153 166 107 316 80 41 94 120 337 TOTAL LIABILITIES 159,530 6,995 45,164 6,170 10,990 14,216 6,235 22,434 6,275 3,318 8,436 10,132 19,165 CAPITAL ACCOUNTS Capital paid in 1,204 33 306 46 95 62 90 177 36 38 52 75 194 Surplus 1,203 33 306 46 95 62 90 177 36 38 52 74 194 Other capital accounts 236 11 61 11 19 19 8 39 10 4 6 15 33 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 162,173 7,072 45,837 6,273 11,199 14,359 6,423 22,827 6,357 3,398 8,546 10,296 19,586 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 140,599 7,049 38,740 6,463 10,171 12,145 5,677 20,905 5,692 2,294 6,811 8,395 16,257 Less-heId by F.R. Banks 20,853 1,140 3,528 1,454 982 1,585 2,571 2,265 1,063 593 1,176 1,510 2,986 F.R. notes, net 119,746 5,909 35,212 5,009 9,189 10,560 3,106 18,640 4,629 1,701 5,635 6,885 13,271 Collateral held against F.R. notes Gold certificate account 11,159 577 3,011 560 847 961 465 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 -- -- -- -- -- -- — -- -- -- —r -- — U.S. govt, and agency securities 106,069 5,204 31,536 4,328 8,141 9.370 2,562 16,507 4,058 1,434 5,023 6,181 11,725 Total collateral 119,746 5,909 35,212 5,009 9,189 10,560 3,106 18,640 4,629 1,701 5,635 6,885 13,271 ^/Includes exchange translation account reflecting the monthly revaluation at marke rtates of foreign exchange commitments. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis