H.4.1 Factors Affecting Reserve Balances of Depository Institutions

V'V^fjf'. FEDERAL RESERVE Factors Affecting Reserves of Depository Institutions and Condition Statement of F,R. Banks H.4.1 For immediate release February 20, 1981 Averages of dally figures Reserves of depository institutions, Week ended Change from week ended Wednesday Reserve Bank credit, February 18J February 11JFebruary 20 February 18, and related Items 1981* 1981 1 1980 1981* Reserve Bank credit: (In millions of dollars) U.S. Government securities-- Bought outright—System account 1/ 117,348 +1,491 965 W 117,913 Held under repurchase agreements 541 Federal Agency obligations— Bought outright 8,739 523 8,739 Held under repurchase agreements 252 Acceptances-- Bought outright Held under repurchase agreements 207 Loans-- To depository institutions 1,145 + 32 -1,047 872 Includes seasonal borrowing of: 154 + 23 + 54 154 Float 3,826 + 388 - 1,465 5,547 Other F.R. assets 10,298 - 100 + 5,908 9,820 Total Reserve Bank credit 141,355 +1,810 + 3,882 142,891 Gold Stock 11,159 — 13 11,159 Special Drawing Rights certif. acct. 2,518 -- - 450 2,518 Treasury currency outstanding 13,465 + 5 + 399 13,471 168,497 +1,815 + 3,818 170,039 Currency in circulation *i 132,432 + 711 +10,470 132,856 Treasury cash holdings *i 450 + 5 32 450 Treasury deposits with F.R. Banks 2,832 -1,094 - 537 3,729 Foreign deposits with F.R. Banks 346 + 63 + 11 241 Other deposits with F.R. Banks 366 - 65 + 75 364 Other F.R. liabilities and capital 4,637 + 105 - 119 4,499 141,063 - 275 + 9,867 142,139 Reserve balances with F.R. Banks 3/ 27,434 +2,090 - 6,051 27,900 Total vault cash (estimated) 17,421 -1,321 N/A 17,421 a) Vault cash at institutions with required reserve balances 11,886 -1,056 + 2,296 11,886 b) Vault cash equal to required reserves at other institutions 700 -- N/A 700 c) Surplus vault cash at other institutions 4/ 4,835 - 265 N/A 4,835 Reserve balances + total vault cash 5/ 44,960 + 764 N/A 45,426 Reserve balances + total vault cash used to satisfy reserve requirements 5/6/ 40,125 +1,029 - 3,867 40,591 Required reserves (estimated) 39,760 + 834 - 3,690 39,760 Excess reserve balances at F.R. Banks 5/7/ 365 + 195 - 177 831 On February 18, 1981, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and interna tional accounts were $94,084 million, an increase of $639 million for the week. 1/ Net of $1,273 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $1,273 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. Government securities. 2/ Net of $547 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $547 million was with foreign official and international accounts. Includes $137 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. 5/ Adjusted to include $105 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. JJ 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 Week Ago Year Ago February 18, 1981 Februarv 11. 1981 Februarv 20. 1980 ASSETS Gold certificate account 11,159 __ 13 Special Drawing Rights certif. acct. 2,518 -- - 450 Coin 479 + 2 + 15 Loans 872 - 165 229 Acceptances- Held under repurchase aggreements _«. „ - 825 Federal agency abligations— Bought outright 8,739 -- + 523 Held under repurchase agreements 1 -- -_ - 708 U.S. government securities: Bought outright—Bills 42,325 + 790 - 2,810 Notes 58,370 - 348 + 1,959 Bonds 17,218 + 325 + 2,582 Total bought outright 2 117,913 + 767 + 1,731 Held under repurchase agreements 1 -- -- - 2,234 Total U.S. government securities 117,913 + 767 503 Total loans and securities 127,524 + 602 - 1,742 Cash items in process of collection (3,982 ) 13,728 + 2 ,403 - 2,614 Bank premises 459 + 1 + 48 Other assets 3 9,361 - 759 + 5,416 TOTAL ASSETS (3,982 ) 165,228 + 2 ,249 + 660 LIABILITIES Federal Reserve notes 120,314 + 395 +10,263 Deposits: Depository institutions 27,900 - 668 - 9,501 U.S. Treasury—general account 3,729 + 261 + 1,268 Foreign—official accounts 241 - 26 53 Other (1) 364 - 60 + 32 Total deposits 32,234 - 493 - 8,254 Deferred availability cash items (, 3,(91)8 1 i ) 8,181 + 2 ,556 - 1,077 Other liabilities and accrued dividends 4 1,817 «. 221 414 TOTAL LIABILITIES (3,982 ) 162,546 + 2 ,237 + 518 CAPITAL ACCOUNTS Capital paid in 1,211 + 1 + 59 Surplus 1,203 -- + 58 Other capital accounts 268 + 11 + 25 * 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 $ 867 million was outstanding at the end of the latest statement week. 2 Net of $ 547 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 137 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 District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, FEBRUARY 18, 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 836 -- 6,217 - 319 257 +74 16 days to 90 days 36 -- 20,889 + 854 362 -74 91 days to 1 year — — 26,916 - 799 1,830 -- Over 1 year to 5 years "" ~ 34,809 + 305 4,553 — Over 5 years to 10 years -- — 13,755 + 401 1,052 -- Over 10 years "" -- 15.327 + 325 685 -- Total I 577 -- 117ilJ + 767 8,739 -f 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 FEBRUARY 18, 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 479 33 28 25 56 51 51 28 31 17 45 36 78 Loans 872 58 78 29 76 86 36 218 33 47 133 12 66 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 42,325 1,933 11,002 1,838 3,197 3,476 1,534 6,651 1,701 755 1,984 2,512 5,742 Notes 58,370 2,667 15,172 2,534 4,410 4,795 2,115 9,172 2,345 1,043 2,735 3,464 7,918 Bonds 17.218 787 4,475 747 1,301 1,414 624 2,705 692 308 807 1,022 2.336 Total bought outright 2 117,913 5,387 30,649 5,119 8,908 9,685 4,273 18,528 4,738 2,106 5,526 6,998 15,996 Held under repurchase agreements 1 -- -- -- -- -- -- _- -. -- -- -- -- -- Total U.S. government securities 117,913 5,387 30.649 5,119 8.908 9,685 4,273 18,528 4,738 22,,110066 55,,552266 66,,999988 15.996 Total loans and securities 127,524 5,844 32,999 5,527 9,644 10,489 4,626 20,119 5,122 22,,330099 66,,006688 77,,552299 17,248 Cash items in process of collection 17,710 508 2,711 575 898 3,303 2,399 2,136 797 749 1,772 1,088 774 Bank premises 459 100 20 53 24 90 35 17 14 28 22 13 43 Other assets 3 9,361 297 2,438 375 701 562 683 1,397 286 262 400 574 1,386 Interdistrict settlement account -0- - 218 +10.694 - 963 -1,385 - 531 -1,895 -3,143 - 458 - 576 92 - 46 -1,387 TOTAL ASSETS 163.216 7,369 52,566 6,273 16,986 15,154 61443 22.687 6.363 3.056 8.827 9.898— 1^6$8 . 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 $ 867 million was outstanding at the end of the latest statement week. 2 Net of $ 547 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 137 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 FEBRUARY 18, 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 120,314 5,979 35,852 4,961 9,237 10,651 2,796 18,795 4,630 1,681 5,594 6,926 13,212 Deposits: Depository Institutions 27,900 704 10,148 777 1,005 1,202 1,576 2,303 956 677 1,402 1,749 5,401 U.S. Treasury—general account 3,729 3,729 Foreign—official accounts 241 8 17 11 24 15 23 44 9 10 13 18 49 Other 365 1 331 1 20 2 3 1 2 3 1 Total deposits 32,235 713 14,225 788 1,030 1,237 1,601 2,350 966 687 1,417 1,770 5,451 Deferred availability cash items 12,162 411 1,431 337 353 2,967 1,756 851 610 571 1,610 925 340 Other liabilities and accrued dividends 1/ 1,817 89 378 83 148 153 98 296 75 36 88 112 261 TOTAL LIABILITIES 166,528 7,192 51,886 6,169 10,768 15,008 6,251 22,292 6,281 2,975 8,709 9,733 19,264 CAPITAL ACCOUNTS Capital paid in 1,211 33 307 46 95 63 92 178 36 38 53 75 195 Surplus 1,203 33 306 46 95 62 90 177 36 38 52 74 194 Other capital accounts 268 11 67 12 28 21 10 40 10 5 13 16 35 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 169,210 7,269 52,566 6,273 10,986 15,154 6,443 22,687 6,363 3,056 8,827 9,898 19,688 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 141,128 7,301 39,349 6,784 10,259 12,035 5,222 20,881 5,742 2,265 6,847 8,500 15,943 Less-Held by F.R. Banks 20,814 1,322 3,497 1,823 1,022 1,384 2,426 2,086 1,112 584 1,253 1,574 2,731 F.R. notes, net 120,314 5,979 35,852 4,961 9,237 10,651 2,796 18,795 4,630 1,561 5,594 6,926 13,212 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 106,637 5,274 32,176 - 4,280 8,189 9,461 2,252 16,662 4,059 1,414 4,982 6,222 11,666 Total collateral 120,314 5,979 35,852 4,961 9,237 10,651 2,796 18,795 4,630 1,681 5,594 6,926 13,212 ]7 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. * Estimated (Cleveland District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis