H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Lr; Factors Affecting Reserves of Depository Institutions and Condition Statement of F.R. Banks H.4.1 For immediate release January 30, 1981 Averages of dally figures Reserves of depository Institutions, Week ended Change from week ended!W ednesday Reserve Bank credit, January 23,|J anuary 21, January 30, [January 28, and related Items 1981* 1981 1980 1981* Reserve Bank credit: (In millions of dollars) U.S. Government securities- 1/ 2/ Bought outright—System account 116,988 -2,765 .•+ 1,344 115s138 Held under repurchase agreements - 199 ' - 684 Federal Agency obligations-- Bought outright 8,739 523 8,739 Held under repurchase agreements 15 241 Acceptances— Bought outright Held under repurchase agreements 443 Loans— To depository Institutions 1,793 + 374 - 26 1,553 Includes seasonal borrowing of: 137 + 14 + 50 i 138 . Float 3,390 - 260 224 3.00C Other F.R. assets 9,435 + 240 + 4,026 9,87C Total Reserve Bank credit 140,346 -2,656 + 4,575 138,300 Gold Stock 11,159 1 - 13 11,159 Special Drawing Rights certlf. acct. 2,518 .. - 283 j 2,518 Treasury currency outstanding 13,446 + 8 + 448 1 13,450 167,468 -2,649 + 4,725 j 165,427 Currency in circulation ** 131,366 -1,445 •1-10,366 131,348 Treasury cash holdings ** 444 4- 7 - 9 445 Treasury deposits with F.R. Banks 3,498 + 389 + 459 i 2,974 Foreign deposits with F.R. Banks 275 - 29 «. 38 302 0titer deposits with F.R. Banks 468 - 204 + 155 439 Other F.R. liabilities and capital 4,752 - 221 - 605 4,644 140,803 -1,504 +10,328 140,152 , Reserve balances with F.R. Banks 3/ 26,665 -1,144 5,602 25,275 Total vault cash (estimated) 18,827 -1,417 N/A | 18,827 a) Vault cash at institutions with required reserve balances 13,736 - 330 •f2 ,183 ' 13,736 b) Vault cash equal to required reserves at other institutions 700 - N/A 700 c) Surplus vault cash at other institutions kl 4,391 -1,087 N/A 4,391 Reserve balances + total vault cash 5/ 45,599 -2,566 N/A 44,209 Reserve balances + total vault cash ~~ 41,208 -1,479 -3,484 39,818 used to satisfy reserve requirements 5/6/ - Required reserves (estimated) 40,651 -1,529 3,798 40,651 Excess reserve balances at F.R. Banks 5/7/ 557 + 50 + 314 833 On January 28, 1981, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and interna tional accounts were $93,027 million, an Increase of $507 million for the week* If Net of $3,528 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $1,946 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. 2/ Net of $5,347 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $1,820 million was with foreign official and international accounts. Includes $94 million securities loaned—fully secured by U.S. -Government securities. V Includes all reserve balances of depository institutions. ±1 Total vault cash at institutions without required reserve balances less vault cash equal to their required reserves. 5_/ Adjusted to include $107 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 &c institutions with required reserve balances plus vault cash equal to required reserves a*t other institutions. IJ 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 and Kansas City Districts). ** 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 28, 1981 January 21, 1981 January 30, 1980 ASSETS Gold certificate account 11,159 -- 13 Special Drawing Rights certif. acct. 2,518 -- - 450 Coin 447 + 22 15 Loans I 1,553 + 204 + 629 Acceptances- Held under repurchase aggfeements — — — Federal agency abligations- Bought outright 8,739 -- + 523 Held under repurchase agreements 1 .. .. "*• U.S. government securities: Bought outright-Bills 39,527 + 1,326 - 1,904 Notes 58,718 -- + 2,224 Bonds 1166..889933 — + 2.340 Total bought outright 2 111155,,113388 + 1,326 + 2,660 Held under repurchase agreements 1 -- «« • • Total U.S. government securities 115.138 + 1.326 + 2.660 Total loans and securities 125,430 + 1,530 + 3,812 Cash items in process of collection (2,600) 8,754 - 2,948 - 2,151 Bank premises 458 — + 48 Other assets 3 9.412 + 672 + 4.236 TOTAL ASSETS ( 2,600) 158.178 - 724 + 5.467 LIABILITIES Federal Reserve notes 118,790 - 956 + 9,695 Deposits: Depository institutions 25,275 + 1,425 - 2,994 U.S. Treasury-general account 2,974 39 77 Foreign-official accounts 302 + 54 + 53 Other 439 97 + 178 Total deposits 28,990 + 1,343 - 2,840 Deferred availability cash items j( 2,600) 5,754 - 1,054 - 683 Other liabilities and accrued dividends 4 2.017 41 - 130 TOTAL LIABILITIES ( 2,600) 155,551 - 708 + 6,042 CAPITAL ACCOUNTS Capital paid in 1,208 + 4 + 55 Surplus 1,203 — + 58 Other capital accounts 216 20 688 * 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 an idnter national accounts, of which $ -0- million was outstanding at the end of the latest statement week. 2 Net of $5,347 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 94 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 (Cleveland and Kansas City Districts)• MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JANUARY 28, 1981 Acceptances and securities held under repurchase agreements are classifie das 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 j Weekly changes Within 15 days 1,505 -- 4,385 + 838 73 — 16 days to 90 days 48 -- 19,948 +3,179 550 — 91 days to 1 year "" -- 27,943 -2,691 1,750 — Over 1 year to 5 years — .- 34,505 — 4,597 Over 5 years to 10 years 1 -- 13,355 -- 1,085 Over 10 years ••^^jj-- 1155..000022 ... 668844 -- Total 11 1177555533 111155,,113388 +1,326 88,,773399 — 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 28, 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 447 30 26 23 55 48 49 24 27 16 45 3 A 70 Loans 1,553 62 121 119 152 150 160 200 52 39 173 47 278 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 39,527 1,806 10,274 1,717 2,987 3,247 1,432 6,211 1,588 705 1,852 2,346 5,362 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 2 115,138 5,260 29,928 4,999 8,699 9,457 4,172 18,092 4,626 2,056 5,396 5,834 15,619 Held under repurchase agreements 1 -- -- -- -- -- -- -- -- __ -- -- -- -- Total U.S. government securities 115,138 5,260 29,928 k ,999 8,699 9,457 4,172 18,092 4,626 2,056 5,396 6.834- 15,619 Total loans and securities 125,430 5,721 32,321 5,497 9,511 10,325 4,649 19,665 5,029 2,251 5,978 7,400 17,083 Cash items in process of collection 11,354 365 1,353 399 746 2,027 1,577 1,202 488 555 1,098 893 651 Bank premises 458 99 20 53 24 90 35 17 14 28 22 13 43 Other assets 3 9,412 310 2,478 438 682 562 620 1,374 300 248 404 544 1,452 Interdistrict settlement account -0- - 44 +7,208 -1,046 - 773 - 141 -1,187 -1,678 - 617 - 265 + 29 + 787 -2,273 TOTAL ASSETS 160.778 7,186 47,082 6,045 11,293 14,101 6.287 22,737 5.812 3.100 8,188 1.0,375 18,572_ 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 $ 5,347 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 94 miMion securities loaned—fully secured by U.S. government securities. 3 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. * Estimated (Cleveland and Kansas City Districts). 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 28, 1981 Millions of dollars Kansas * | San Total Boston New York Philadelphia Cleveland* .Richmond Atlanta Chicago St. Louis Minneapolis Dallas City j Francisco LIABILITIES Federal Reserve notes 118,790 5,876 35,043 4,915 9,113 10,556 2,944 18,545 4,580 1,687 5,553 6,881 13,097 Deposits: Depository institutions 25,275 875 6,553 718 1,278 1,252 1,866 2,872 753 813 1,369 2,535 4,391 U.S. Treasury -general account 2,974 2,974 -- -- -- .- -- -. -- -- -- -•- Foreign—official accounts 302 7 111 10 20 13 19 38 8 8 11 16 41 Other 439 -- 409 — 1 16 1 1 1 1 3 2 4 Total depos ts 28,990 882 10,047 728 1,299 1,281 1,886 2,911 762 822 1,383 2,553 4,436 Deferred availability cash items 8,354 264 872 218 531 1,965 1,137 592 313 476 1,008 663 315 Other liabilities and accrued dividends!/ 2,017 88 452 82 149 157 131 299 76 35 129 115 304 TOTAL LIABILITIES 158,151 7,110 46,414 5,943 11,092 13,959 6,098 22,347 5,731 3,020 8,073 10,212 18,152 CAPITAL ACCOUNTS Capital paio in 1,208 33 307 46 95 62 92 177 36 38 52 75 195 Surplus 1,203 33 306 46 95 62 90 177 36 38 52 74 19A Other capital accounts 216 10 55 10 11 18 7 36 9 4 11 14 31 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 160,778 7,186 47,082 6,045 11,293 14,101 6,287 22,737 5,812 3,100 8,188 10,375 18,572 FEDERAL RESERVE AGENTS' ACCOUNTS F,R. notes outstanding 140,843 7,136 38,942 6,458 10,216 12,150 5,547 20,955 5,685 2,286 6,792 8,508 16,168 Less-heId by F.R. Banks 22,053 1,260 3,899 1,543 1,103 1,594 2,603 2,410 1,105 599 1,239 1,627 3,071 F.R. notes, net 118,790 5,876 35,043 4,915 9,113 10,556 2,944 18,545 4,580 1,687 5,553 6,881 13,097 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 -- -- -- -- -- -- -- -- -- -- — -- -- U.S. govt, and agency securities 105,113 5,171 31,367 4,234 8,065 9,366 2,400 16,412 4,009 1,420 4,941 6,177 _ _11,551 Total collateral 118,790 5,876 35,043 4,915 9,113 10,556 2,944 18,545 4,580 1,687 5,553 6,881 13,09:' V Includes exchange translation account reflecting the monthly revaluation at market rates of foreign exchange commitments. * Estimated (Cleveland and Kansas City Districts). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis