H.4.1 Factors Affecting Reserve Balances of Depository Institutions

x^: FEDERAL RESERVE Factors Affecting Reserves of Depository Institutions and Condition Statement of F.R. Banks H.4.1 For lmmadlata releata March 6, 1981 of da Uy figures Reserves of dapofitory Institutions, Week ended 1 Change from weak ended]W ednesday Reserve Bank cradle, March 4, February 25, 1 March 5, 1M arch 4, W4 TtUt«<* tUttf 1981* I 1981 I 1980 1 1981* Resarva Bank credit: (In millions of dollars* 1 U.S. Government securities-* Bought outright—System account -' 117,657 4-2, 395 + 3,170 & 115,81.2 Held under repurchase agreements 414 Federal Agency obligations— Bought outright 8,737 - 2 + 521 8,737 Held under repurchase agreements 53 Acceptances-- Bought outright .. ... -- .. Held under repurchase agreements - — - 129 — Loans— To depository Institutions 1,299 414 1,207 1,939 Includes seasonal borrowing of: 176 + 16 + 62 172 Float 2,751 -2 ,521 1,810 4,178 Other F.R. assets 9.928 + 219 + 5,432 10,209 Total Reserve Bank credit 140,372 324 + 5,509 140,875 Gold Stock 11,156 3 16 11,156 Special Drawing Rights certlf. acct. 2,518 450 2,518 Traasury currency outstanding 13.479 5 317 13.483 167,525 321 + T.360 168,032 Currency In circulation 131,672 317 +10,015 132,192 Treasury cash holdings 455 + 5 66 455 Treasury deposits with F.R. Banks 2,682 694 + 24 3,099 Foreign deposits with F.R. Banks 347 + 65 13 274 Otaer deposits with F.R. Banks 419 + 46 + 63 505 Other F.R. liabilities and capital 4.841 231 + 131 3.074 lW,4l5 "TO +10,153 Resarva balances with F.R. Banks 3/ 27,109 + 344 - 4,793 26,433 Total vault cash (estimated) 17,415 + 595 N/A 17,415 a) Vault cash at institutions with required reserve balancea 11,640 + 176 + 2,042 11,640 b) Vault cash equal to required reserves at other institutions 1,285 + 585 N/A 1,285 c) Surplus vault cash at other institutions 4/ 4,490 166 N/A 4,490 Resarva balances + total vault cash 5/ 44,6*1 + 938 N/A 43,955 Reserve balances + total vault cash used to satisfy reserve requirements 5/66// 40.141 +1 ,104 2,857 39,465 Required reserves (astlmated) 39,479 + 277 2,988 39,479 Excess reserve balancea at F.R. Banks 5/2// 662 + 827 + 131 14 On March 6, 1981, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and interna tional accounts ware $97,078 million, an Increase of $3,101 million for the week. V Met of $868 million, dally average, matched sale-purehaa* transactlona ~ outstanding during the latest statement week, of which a net of $868 million was with foreign official and international accounts. Includes securities loaned—fully aecured by U.S. Government securities. 2/ Net of $2,857 million mAtched sAle-pur chase transactions outstanding at the end of the latest statement week, of which a net of $2,857 million was with foreign official and international accounts. Includes $150 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. 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 at Institutions with required reserve balances plus vault cash equal to required reserves at other institutions. ]J Reserve balances with Federal Reserve Hanks 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 (St. Louis 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 Wednesday March 4, 1981 Feb. 25, 1981 March 5, 1930 ASSETS Gold certificate account 11,156 2 16 Special Drawing Rights certif. acct. 2,518 450 Coin 484 2 + 35 Loans 1,939 3,253 240 Acceptances- Held under repurchase aggreements Federal agency abligations- 8,737 521 Bought outright Held under repurchase agreements 1 U.S. government securities: 40,224 - 810 . 2,171 Bought outright-Bills 58,370 -- + 1,959 Notes -17.218 -- + 2.582 Bonds 115,812 881100 ++ 2,370 Total bought outright 2 Held under repurchase agreements1 115.812 -- 881100 ++ -H9 Total U.S. government securities 126!48o 5577005511 ++ Total loans and securities (2,633) 16,677 + 7,457 + 3,231 Cash items in process of collection 461 -. + 50 Bank premises 9,748 + 356 + 5,677 Other assets 3 (2,633) 167,532 + 3,746 + 11,178 TOTAL ASSETS LIABILITIES Federal Reserve notes 119,648 183 9,ii02 Deposits: Depository Institutions 26,433 - 3,436 - 3,672 U.S. Treasury-general account 3,099 - 334 - 670 Foreign-official accounts 274 + 42 + 42 Other ( i : 521 + 1P8 + 221 Total deposits 30,311 - 3,620 — 4,093 Deferred availability cash items (2,632 ) 12,499 + 6,558 + 5,251 Other liabilities and accrued dividends 4 + 623 + 367 TOTAL LIABILITIES (2,633 > 2.378 + 3,744 + 11,027 164,836 CAPITAL ACCOUNTS Capital paid in 1,222 + 1 + 64 Surplus 1,203 + 58 Other capital accounts 271 + 1 + 29 * 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 transaction sto foreign official and inter national accounts, of which $ - 0- million was outstanding at the end of the latest statement week. 2 Net of $21857 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 150 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. 6 ** Estimated (St. Louis District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, March 5, 1981 Acceptances and securities held under repurchase agreements are classified as maturing within 15 day sin accordance with maximum maturity of the agreements. U.S. government securities Federal agency obligations LLooaannss AAcccceeppttaanncceess Holdings | Weekly changes Holdings I Weekly changes Within 15 days 1,846 -- 2,768 - 2,328 54 m 74 16 days to 90 days 93 -- 21,752 + 242 529 + 90 91 days to 1 year -- -- 27,519 + 1,394 1,819 . 15 Over 1 year to 5 years " " -- 34,691 118 4,620 - 1 Over 5 years to 10 years -- -- 13,755 -. 1,030 Over 10 years Total 1 1,93 -- 9 —— 11 11 11 55 55 .. ,, 33 8811 22 22 77 81 .. 0 88..77 66 33 88 77 55 m m • 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 March 4, 1981 Millions of dollars 5T Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco ASSETS Gold certificate account 11,156 577 3,008 560 847 961 465 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 484 32 29 24 58 51 52 28 30 17 47 34 82 Loans 1,939 327 101 106 34 151 87 772 44 41 93 6 177 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 40,224 1 ,837 10,456 1,747 3,038 3,304 1,458 6,321 1,616 718 1,885 2,387 5,457 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 2 115,812 5 ,291 30,103 5,028 8,749 9,513 4,197 18,198 4,653 2,069 5,427 6,873 15,711 Held under repurchase agreements 1 -- -- -- -- -- -- _- -- -- -- -- -- -- Total U.S. government securities 115,812 5 ,291 30,103 5,028 8,749 9,513 4,197 18,198 4,653 2,069 5,427 6,873 15,711 Total loans and securities 126,488 6 ,017 32,475 5,513 9,443 10,382 4,601 20,343 5,048 2,266 5,929 7,398 17,073 Cash items in process of collection 19,310 576 3,158 432 1,096 1,999 2,577 3,135 1,534 754 1,812 1,236 1,001 Bank premises 461 99 20 53 25 90 35 17 14 28 22 13 45 Other assets 3 9,748 300 2,475 449 711 559 813 1,370 306 268 411 600 1,486 Interdistrict settlement account 0 - 539 + 5,733 -1,093 - 572 279 - 2,346 - 3,084 +4,401 - 669 - 79 + 147 -1,620 TOTAL ASSETS 170,165 7 ,190 47,563 6,059 11,809 13,992 6.276 23.942 11.904 2.931 8.754 10,132 l?,*tt 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 $ 2,857 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 150 million securities loaned—fully secured by U.S. government securities. 3 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. ^Estimated (St. Louis 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 MARCH 4, 1981 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis* Minneapolis Dallas City Francisco L ABILITIES Federal Reserve notes 119,648 5,964 35,557 4,898 9,135 10,687 3,041 18,497 4,619 1,593 5,662 6,980 13,015 Deposits: Depository institutions 26,433 774 6,268 696 1,861 962 1,441 4,025 757 668 1,234 , 2,239 5,508 U.S. Treasury —general account 3,099 -- 3,099 -- -- -- -- -- -- -- -- — — Foreign—official accounts 274 6 107 8 18 11 17 33 7 7 10 14 36 Other 506 1 459 1 -- 27 2 2 10 — 2 1 1 Total deposits 30,312 781 9,933 705 1,879 1,000 1,460 4,060 774 675 1,246 2,254 5,545 Deferred availability cash items 15,131 274 1,063 269 436 1,997 1,367 680 6,326 532 1,220 614 353 Other liabilities and accrued dividends */ 2,378 92 329 86 149 161 215 310 95 38 509 117 277 TOTAL LIABILITIES 167,469 7,111 46,882 5,958 11,599 13,845 6,083 23,547 11,814 2,838 8,637 9,965 19,190 CAPITAL ACCOUNTS • Capital paid in 1,222 33 307 46 96 63 92 178 36 46 53 76 196 Surplus 1,203 33 306 46 95 62 90 177 36 38 52 74 194 Other capital accounts 271 13 68 9 19 22 11 40 18 9 12 17 33 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 170,165 7,190 47,563 6,059 11,809 13,992 6,276 23,942 11,904 2,931 8,754 10,132 19,613 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 141,494 7,318 39,596 6,894 10,205 12,044 5,487 20,615 5,687 2,264 6,923 8,640 15,821 Less-Held by F.R. Banks 21,846 1,354 4,039 1,996 1,070 1,357 2,446 2,118 1,068 671 1,261 1,660 2,806 F.R. notes, net 119,648 5,964 35,557 4,898 9,135 10,687 3,041 18,497 4,619 1,593 T$Gl— —l\m 15,615— Collateral held against F.R. notes: Gold certificate account 11,156 577 3,008 560 847 961 465 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 105,974 5,259 31,884 4,217 8,087 9,497 2,497 16,364 4,048 1,326 5,050 6,276 11,469 Total collateral 119,648 5,964 35,557 4,898 9,135 10,687 3,041 18,49 7 4,619 1,593 5,662 6,980 13,015 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. * (St. Louis District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis