H.4.1 Factors Affecting Reserve Balances of Depository Institutions

ffiHfe FEDERAL RESERVE ^Mi^^' Factors Affecting Reserves of Depository Institutions and '•*«***?••' condition Statement of F.R. Banks For immediate release February 13, 1981 Averages of daily figures Reserves of depository Institutions, Week ended Change from weak ended, Wednesday Reserve Bank credit, February 11, February 4, iFehruary 13 February 11, and related items 1981 * 1981 1 1980 1981 * Reserve Bank credit: (In millions of dollars) U.S. Government securitles-- Bought outright--System account \l 115,857 - 880 + 1,426 2/ 117,146 Held under repurchase agreements - 143 Federal Agency obligations-- Bought outright 8,739 + 523 8,739 Held under repurchase agreements - 87 Acceptances-- Bought outright -- _. .. __ Held under repurchase agreements -- — 40 - Loans-- - To depository Institutions 1,113 88 - 126 1,037 Includes seasonal borrowing of: 131 + 6 + 39 140 Float 3,502 + 455 - 1,479 5,726 Other F.R. assets 10.397 + 490 + 5.069 10.571 Total Reserve Bank credit 139,607 25 + 5,142 143,219 Gold Stock 11,159 13 11,159 Special Drawing Rights certlf. acct. 2,518 - 450 2,518 Treasury currency outstanding 13P460 + 9 + 424 13.464 166,744 16 + 5,102 170,360 Currency In circulation ** 131,724 + 767 +10,010 132,481 Treasury cash holdings ** 445 + 4 30 445 Treasury deposits with F.R. Banks 3,926 + 638 + 199 3,468 Foreign deposits with F.R. Banks 283 119 80 267 Other deposits with F.R. Banks 431 70 + 145 424 Other F.R. liabilities and capital 4.532 +T 68 109 4.707 141,340 ,151 +10,134 141,792 Reserve balances with F.R. Banks 3/ 25,404 - 1 ,167 - 5,032 28,568 Total vault cash (estimated) "~ 18,742 - 243 N/A l 18,742 a) Vault cash at institutions with required reserve balances 12,942 - 125 + 1,974 12,942 b) Vault cash equal to required reserves at other institutions 700 - N/A 700 c) Surplus vault cash at other institutions 4/ 5,100 118 N/A 5,100 Reserve balances + total vault cash 5/ 44,256 - 1 ,411 N/A 47,420 Reserve balances + total vault cash "" used to satisfy reserve requirements 5y§/J6 / 3399,,115566 - 1 ,293 - 3,163 42,320 Required reserves (estimated) 38,926 - 1 ,295 - 3,445 38,926 Excess reserve balances at F.R. Banks fJyJj j 230 + 2 + 282 ! 3,394 On February 11, 1981, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and interna tional accounts were $93,445 million, en Increase of $ 364 million for the week. 1/ Net of $2,804 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $1,667 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. Government securities. 2/ Net of $1,501 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $1,501 million was with foreign official and international accounts. Includes $102 million securities loaned—fully secured by U.S. Government securities. 2/ 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 $110 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. Tj 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 (Philadelphia 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 **** February 11, 1981 February 4, 1981 February 13, 1980 ASSETS Gold certificate account 11,159 — _ — 13 Special Drawing Rights certif. acct. 2,518 ... . 450 Coin 477 + 12 + 5 Loans 1,037 + 285 . 2,287 Acceptances- Held under repurchase aggreements 281 Federal agency abligations— Bought outright 8,739 __ + 523 Held under repurchase agreements 1 _ — 607 U.S. government securities: Bought outright—Bills 41,535 «. 33 „, 4,078 Notes 58,718 + . 2,224 BBoonnddss 16,893 — + 2,340 TToottaall bboouugghhtt oouuttrriigghhtt 22 117,146 _ 33 + 555" Held under repurchase agreements 1 — 999 Total U.S. government securities 117,146 —ir —STT Total loans and securities 126,922 + —1ST _ 3,165 Cash items in process of collection (2,980 ) 11,350 + 1,780 + 243 Bank premises 458 .. + 47 Other assets 3 10,113 + 371 + 5,074 TOTAL ASSETS (2,980 ) 162,997 + 2,415 + 1,741 LIABILITIES Federal Reserve notes 119,939 + 1,066 + 9,831 Deposits: Depository institutions 28,568 + 2,092 - 7,969 U.S. Treasury-general account 3,468 - 601 + 73 Foreign-official accounts 267 - 11 - 76 Other ( 1 ) 424 - 8 + 143 Total deposits ( 1 ) 32,727 + T757T - TS2? Deferred availability cash items (2,979 ) 5,624 - 399 - 281 Other liabilities and accrued dividends * 2,042 + 164 - 146 TOTAL LIABILITIES (2,980 ) 166,332 + 2,303 + X37T CAPITAL ACCOUNTS Capital paid in 1,210 + 1 + 58 Surplus 1,203 — + 5$ Other capital accounts 252 + Ill + 50 * 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 $ 1,501 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 102 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 (Phildelphia and Kansas City District) MATURITY DISTRIBUTION OF LOANS AND SECURITIES. February 11, 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 964 — 6,536 .+ 1,582 183 + 183 16 days to 90 days 73 -- 20,035 1^588 436 • 183 91 days to 1 year — -- 27,715 26 1,830 + 77 Over 1 year to 5 years ... -- 34,504 " — 4,553 . 44 Over 5 years to 10 years — — 13,354 1 1,052 „ 33 Over 10 years IIII 1155,,000022 -iiTTHHTT Total IItt?? rr 114466 33 88,,773399 "•' ^„. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1 (h) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON February 11, 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 477 33 30 24 57 50 52 28 30 17 46 35 75 Loans 1,037 64 330 29 42 116 72 164 42 33 108 13 24 Acceptances held under repurchase agreements -- -- -- -- -- -- -- -- -- -- -- -- -- Federal agency ob igations: 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 41,535 1,898 10,796 1,804 3,138 3,412 1,505 6,526 1,669 742 1,946 2,465 5,634 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 2 117,146 5,352 30,450 5,086 8,850 9,622 4,245 18,407 4,707 2,093 5,490 6,953 15,891 Held under repurchase agreements 1 -- -- -- -- -- -- -- -- -- -- -- -- -- Total U.S. government securities 117,146 5,352 30,450 5,086 8,850 9,622 4,245 18,407 4,707 ?7o53 5,490 £7953 —T5733T Total loans and securities 126,922 5,815 33,052 5,494 9,552 10,456 4,634 19,944 5,100 2,282 6,007 7,485 17,101 Cash items in process of collection 14,330 i 488 1,359 467 925 2,366 1,873 2,461 832 655 1,280 891 733 Bank premises 458 j 99 20 53 24 90 35 17 14 28 22 13 43 Other assets 3 I 10,113 1 349 2,652 413 768 605 651 1,494 329 276 448 605 1,523 Interdistrict settlement account -0- - 415 + 5.398 - 957 838 + 3,422 -1,533 - 2,343 - 862 - 554 - 410 + 205 - 1,113 TOTAL ASSETS 1 165.977 " 1 7;074 46,187 6.175 U,536 18,179 6,25$ 23.734 6.Q14 2.973 8,005 9,938 19,908 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 $ 1,501 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 102 million securities loaned—fully secured by U.S. government securities. 3 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. * Estimated (Philadelphia 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 FEBRUARY 11, 1981 Millions of dollars total Boston New York r Cleveland Richmond Atlanta Chicago St. Louis Minneapolis K C an it s y a s * Dallas Fra S n a c n is co Philadelphia LIABILITIES Federal Reserve notes 119,939 5,961 35,457 4,996 9,206 10,667 2,885 18,739 4,640 1,704 5,576 6,922 13,186 Deposits: Depository institutions 28,568 714 8,060 778 1,602 1,478 1,873 3,432 732 736 1,316 2,134 5,713 U.S. Treasury —general account 3,468 3,468 Foreign—official accounts 267 8 42 12 24 15 23 44 9 10 13 18 49 Other 425 1 392 1 20 2 3 1 1 3 1 Total deposits 32,728 723 8,494 790 1,627 4,981 1,898 3,479 742 746 1,330 2,155 5,763 Deferred availability cash items 8,603 225 953 205 352 2,230 1,185 824 474 400 903 580 272 Other liabilities and accrued dividends * 2,042 89 592 86 142 155 96 298 76 40 89 116 263 TOTAL LIABILITIES 163,312 6,998 45,496 6,077 11,327 18,033 6,064 23,340 5,932 2,890 7,898 9,773 19,484 CAPITAL ACCOUNTS Capital paid in 1,210 33 307 46 95 63 92 177 36 38 53 75 195 Surplus 1,203 33 306 46 95 62 90 177 36 38 52 74 194 Other capital accounts 252 10 78 6 19 21 10 40 10 5 2 16 35 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 165,977 7,074 46,187 6,175 11,536 18,179 6,256 23,734 6,014 2,971 8,005 9,938 19,908 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 141,028 7,319 39,183 6,631 10,241 12,079 5,307 20,918 5,732 2,272 6,857 8,487 16,002 Less-Held by F.R. Banks 21,089 1,358 3,726 1,635 1,035 1,412 2,422 2,179 1,092 568 1,281 1,565 2,816 F.R. notes, net 119,939 5,961 35,457 4,996 9,206 10,667 2,885 18,739 4,640 1,704 5,576 6,922 13,186 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 106,262 5,256 31,781 4,315 8,158 9,477 2,341 16,606 4,069 1,437 4,964 6,218 11,640 Total collateral 119,939 . 5,961 35,457 4,996 9,206 10,667 2.885 18,739 4,640 1,704 5,576 6,922 13,186 1 Includes exchange translation account reflecting the monthly revaluation at market rates of foreign exchange commitments. * Estimated (Philadelphia and Kansas City Districts). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis