H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Reserves of Depository Institutions and '•.f*rov Condition Statement of F.R. Banks H.4.1 For immediate release February 27, 1981 Averages of dally figures Reserves of depository institutions, Week ended Change from week ended Wednesday Reserve Bank credit, February 25 Febi jPebruary 25, and related items 1981* 1981* Reserve Bank credit: ^15^ 11liIoonnss of dollars) U.S. Government securities— Bought outright—System account -' 115,262 -2,086 + 2,020 2* 116,622 Held under repurchase agreements Federal Agency obligations-- Bought outright 8,739 523 8,737 Held under repurchase agreements Acceptances*- Bought outright Held under repurchase agreements Loans-- To depository institutions 1,713 + 568 5,192 Includes seasonal borrowing of: + 50 172 Float 5,161 +1,416 - 2,557 3,253 Other F.R. assets 9,714 - 591 ±Ji391 9,885 Total Reserve Bank credit 140,589 - 692 + 5,030 143,689 Gold Stock 11,159 13 11,158 Special Drawing Rights certlf. acct. 2,518 - 450 2,518 Treasury currency outstanding 13.474 + 398 13,477 167,740 - 683 + 4,965 170,842 Currency in circulation ** 131,990 - 441 +10,457 132,012 Treasury cash holdings ** 450 53 450 Treasury deposits with F.R. Banks 3,376 + 544 306 3,433 Foreign deposits with F.R. Banks 282 - 64 + 5 232 Ot'.ier deposits with F.R. Banks 374 + 8 + 25 403 Other F.R. liabilities and capital 4,609 - 26 +_ 45 4,443 141,081 + 21 +10,173 140,973 Reserve balances with F.R. Banks $f 26,658 - 706 - 5,209 29,869 Total vault cash (estimated) "~ 16,820 - 601 N/A 16,820 a) Vault cash at institutions with required reserve balances 11,464 - 422 + 1,453 11,464 b) Vault cash equal to required reserves at other institutions 700 - N/A 700 c) Surplus vault cash at other institutions 4/ 4,656 - 179 N/A 4,656 Reserve balances + total vault cash 5/ 43,580 -1,310 N/A 46,791 Reserve balances + total vault cash "~ used to satisfy reserve requirements 5^/6/ 38,924 -1,131 - 3,868 42,135 Required reserves (estimated) 39,202 - 558 - 3,797 39,202 Excess reserve balances at F.R. Banks 5/77 - 278 - 573 71 2,933 On February 25, 1981, marketable U.S. Government securities held In custody by the Federal Reserve Banks for foreign official and international accounts were $93,977 million, a decrease of $107 million for the week. 1/ Net of $3,198 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $1,708 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. y Net of $1,838 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $1,838 million was with foreign official and international accounts. Includes $112 million securities loaned—fully secured by U.S. Government securities. V 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, jj Adjusted to include $102 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19 1975. j6_/ 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 (Cleveland and Richmond 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 18, 1981 February 27, 1980 February 25, 1981 ASSETS Gold certificate account 11,158 — 1 14 Special Drawing Rights certif. acct. 2,518 — 450 Coin 486 + 7 + 30 Loans 5,192 + 4,317 + 874 Acceptances- Held under repurchase aggreements Federal agency abligations- Bought outright 8,737 2 + 521 Held under repurchase agreements 1 U.S. government securities: Bought outright-Bills 41,034 . 1,291 „ 220 Notes 58,370 -- + 1,959 Bonds 1177..221188 .. ++ 2,5,112 Total bought outright 2 111166,,662222 1,291 ++ 4,321 Held under repurchase agreements 1 Total U.S. government securities 116,622 1.291 ++ 4,321 Total loans and securities 130,551 + 3,024 + 5,716 Cash items in process of collection (1,647) 10,001 _ 4,003 - 1,113 Bank premises 461 + 2 + r>o Other assets 3 9,424 + 14 + •5,402 TOTAL ASSETS (3,647) 164,599 - 957 + J .621 LIABILITIES Federal Reserve notes 119,471 _ 833 + 9,856 Deposits: DDeeppoossiittoorryy iinnssttiittuuttiioonnss 29,869 + 1,969 + 377 UU..SS.. TTrreeaassuurryy——ggeenneerraall aaccccoouunntt 3,433 296 1 045 Foreign—official accounts 232 9 13 Other ( 1 ) 403 + 39 + Total deposits ( 1 ) 33,947 + 1,703 608 Deferred availability cash items (3,646 ) 6,748 1,784 + 368 Other liabilities and accrued dividends 4 - TOTAL LIABILITIES <3,647 ) 161,911 970 + 9,42 3 CAPITAL ACCOUNTS Capital paid in 1,221 + 9 + 66 Surplus 1,203 + 58 Other capital accounts 264 + 4 + 74 * 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 $ -o- million was outstanding at the end of the latest statement week. 2 Net of $ 1,838 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 112 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 Richmond Districts) MATURITY DISTRIBUTION OF LOANS AND SECURITIES, February 25, 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 charges Within 15 days 5,163 5,096 1,121 128 129 16 days to 90 days 29 21,510 621 439 + 77 91 days to 1 year 26,125 791 1,834 + 4 Over 1 year to 5 years 34,809 4,621 + 68 Over 5 years to 10 years 13,755 1,030 22 Over 10 years 15,327 a&L Total 5,192 116,622 1,291 8,737 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 25, 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 11,158 577 3,010 560 847 961 465 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 486 33 29 24 57 52 53 28 31 17 46 35 81 Loans 5,192 242 2,845 67 178 365 154 777 31 138 133 18 244 Acceptances held under repurchase -- -- -- -- -- -- -. -- -- -- -- -- -agreements Federal agency obligations: Bought outright 8,737 399 2,271 379 660 718 317 1,373 351 156 409 519 1,185 Held under repurchase agreements 1 -- -- -- -- -- -- -- -- -- -- -- ._ -- U.S. government securities: Bought outright—Bills 41,034 1,874 10,666 1,782 3,100 3,371 1,487 6,448 1,649 732 1,923 2,436 5,566 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 2 116,622 5,328 30,313 5,063 8,811 9,580 4,226 18,325 4,686 2,083 5,465 6,922 15,820 Held under repurchase agreements 1 -- -- -- -- -- -- -- -- -- -- -_ -_ -_ Total U.S. government securities 116,622 5,328 30,313 5,063 8,811 9,580 4,226 18,325 4,686 2,083 5,465 6,922 15,820 Total loans and securities 130,551 5,969 35,429 5,509 9,649 10,663 4,697 20,475 5,068 2,377 6,007 7,459 17,249 Cash items in process of collection 13,648 353 1,657 495 1,278 3,040 1,674 1,377 568 644 1,170 887 505 Bank premises 461 99 20 53 25 90 35 17 14 28 22 13 45 Other assets 3 9,424 298 2,468 388 729 550 632 1,361 296 268 414 558 1,462 Interdistrict settlement account -o- 221 4- 6.182 - 940 - 766 - 491 -1.088 - 1.813 - 460 - 635 10 + 701 459 TOTAL ASSETS 168,246 7,236 49,466 6,216 12,626 15,644 6J547 23,578 6,088 2.966 8,261 16.357 20.429 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 $ 1,838 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $112 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 and Richmond 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 25, 1981 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland* Richmond* Atlanta Chicago St. Louis Minneapolis Dallas City Francisco LIABILITIES Federal Reserve notes 119,471 5,950 35,577 4,870 9,110 10,652 3,061 18,439 4,577 1,606 5,603 6,942 13,084 Deposits: Depository institutions 29,869 855 7,976 837 1,538 1,189 1,948 3,807 884 696 1,368 2,426 6,345 U.S. Treasury—general account 3,433 3,433 Foreign—official accounts 232 8 7 12 24 15 23 44 9 10 13 18 49 Other 404 1 368 1 1 19 2 3 1 2 2 2 2 Total deposits 33,938 864 11,784 850 1,563 1,223 1,973 3,854 894 708 1,383 2,446 6,396 Deferred availability cash items 10,394 256 1,081 303 993 2,926 1,228 599 460 528 1,070 691 259 Other liabilities and accrued dividends 1 1,755 88 335 84 142 149 92 291 75 35 87 111 266 TOTAL LIABILITIES 165,558 7,158 48,777 6,107 11,808 14,950 6,354 23,183 6,006 2,877 8,143 10,190 20,005 CAPITAL ACCOUNTS Capital paid in 1,221 33 307 46 96 63 92 178 36 46 53 76 195 Surplus 1,203 33 306 46 95 62 90 177 36 38 52 74 194 Other capital accounts 264 12 70 11 21 19 11 40 10 5 13 17 35 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 168,246 7,236 49,460 6,210 12,020 15,094 6,547 23,578 6,088 2,966 8,261 10,357 20,429 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 141,361 7,253 39,403 6,860 10,181 12,071 5,576 20,603 5,713 2,262 6,915 8,597 15,927 Less-Held by F.R. Banks 21,890 1,303 3,826 1,990 1,071 1,419 2,515 2,164 1,136 656 1,312 1,655 2,843 F.R. notes, net 119,471 5,950 35,577 4,870 9,110 10,652 3,061 18,439 4,577 1,606 5,603 6,942 13,084 Collateral held against F.R. notes Gold certificate account 11,158 577 3,010 560 847 961 465 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 105,795 5,245 31,902 4,189 8,062 9,462 2,517 16,306 4,006 1,339 4,991 6,238 11,538 Total collateral 119,471 5,950 35,577 4,870 9,110 10,652 3,061 18,439 4,577 1,606 5,603 6,942 13,084 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. * Estimated (Cleveland and Richmond Districts). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis