H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE ^i!fi^ffic Factors Affecting Reserves of Depository Institutions and ••ffutitsv: Condition Statement of F.R. Banks For immediate ralease March 13, 1981 Averages of daily figures Reserves of depository institutions, Week ended Chajifte from week ended Wednesday Peserve Bank credit, March 11, March 4 tM arch 12r March 11, and related items 1981* ISSk.' 1980 1981* Reserve Bank credit: (In millions of dollars) U.S. Government securities-- Bought outright--System account 2,825 w • Held under repurchase agreements - 295 Federal Agency obligstions-- Bought outright 8,736 522 8,733 Held under repurchase agreements ?5 Acceptances-- Bought outright Held under repurchase agreements Loans-- To depository institutions 768 - 531 -2,670 569 Includes seasonal borrowing of: 185 + 9 + 45 190 FU>at 2,929 + 145 -ls575 3 ,389 Other F.R. assets 9,926 2 4-5,420 10 019 Total Reserve Rank credit 139,109 -1,295 +4,140 138 981 Gold Stock 11,156 -- - 16 11 156 Special Drawing Rights certif. acct. 2,518 .„ - 450 2 518 Treasury currency outstanding 13.484 + 5 + 376 13 489 166,267 -1,290 +4,050 166,144 Currency ir« circulation ** 132,370 + 703 +9,926 132,929 Treasury cash holdings ** 455 5 70 455 Treasury deposits with F.R. Banks 3,022 + 340 + 82 2,645 Foreign deposits with F.R. Banks 276 - 71 - 52 231 Other deposits with F.R. Banks 291 - 129 - 94 317 Other F.R. liabilities and capital 4,706 - 132 - 133 4.577 141,119 + 706 +9,657 141,154 Reserve balances with F.R. Banks 3/ 25,147 -1,997 -5,608 24,990 Total vault cash (estimated) 18,457 +1,042 N/A 18,457 a) Vault cash at institutions with required reserve balances 12,506 + 866 +2,350 12,506 b) Vault cash equal to required reserves at other institutions 1,269 16 N/A 1,269 c) Surplus vault cash at other institutions 4/ 4,682 + 192 N/A 4,682 Reserve balances + total vault cash 5/ 43,710 - 956 N/A 43,553 Reserve balances + total vault cash ~ used to satisfy reserve requirements 5/6/ 39,028 -1,148 -3,381 38,871 Required reserves (estimated) 38,868 - 611 -3,463 38,868 Excess reserve balances at F.R. Banks 5/7/ 160 - 537 + 82 3 On March 11, 1981, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and interna tional accounts were $97,729 million, an increase of $651 million for the week. 1/ Net of $1,919 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $1,919 million was with foreign official and international accounts. Includes securities ioaned—fully secured by U.S. Government securities. 2/ Net of $2,398 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $2,398 million was with foreign official and international accounts. Includes $ 143 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 vsult cash equal to their required reserves. 57 Adjusted to include $106 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. 7/ 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 (Chicago 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 March 11, 1981 March 4, 1981 March 12, 1980 ASSETS Gold certificate account 11,156 .. • 16 Special Drawing Rights certif. acct. 2,518 — - 450 Coin 482 - 2 + 42 Loans 569 - 1,370 - 2,511 Acceptances- j __ — _- Held under repurchase aggreements Federal agency abligations- j Bought outright 8,733 - 4 + 522 Held under repurchase agreements 1 — -- -- U.S. government securities: Bought outright—Bills 40,683 + 459 + 1,352 Notes 58,370 — + 1,959 Bonds 1177,,221133 — ++__2 ,582 Total bought outright 2 111166,,227711 + 459 ++ 5,893 Held under repurchase agreements 1 — — -- Total U.S. government securities 116,271 + 459 + 5,893 Total loans and securities 125,573 - 915 + 3,904 Cash items in process of collection ( 3,030) 9,436 - 1,253 - 1,612 Bank premises 461 + 33 Other assets 3 9,558 - 277 + 5,330 TOTAL ASSETS ( 3,030) 159,184 Z. 1.447 ±-V 31 LIABILITIES Federal Reserve notes 120,377 + 729 + 9,431 Deposits: Depository institutions 24,990 - 1,291 - 2,019 U.S. Treasury-general account 2,645 - 454 + 669 Foreign-official accounts 231 - 43 - 60 Other (1) 317 - 201 - 151 Total deposits 28,183 - 1,989 - 1,561 Deferred availability cash items ,( 3(1,) 029i ) 6,047 - 714 - 695 Other liabilities and accrued dividends 4 1,871 - 491 - 141 TOTAL LIABILITIES |(3,030) 156,478 - 2,465 + 7,034 CAPITAL ACCOUNTS Capital paid in 1,225 + 3 + 64 Surplus 1,203 — + 58 Other capital accounts 278 + 15 + 75 * 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 $ 2,398million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 143 million securities loaned—fully secured by US. 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 (Chicago District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES , MARCH 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 475 — 4,692 +1,924 -0- - 54 16 days to 90 days 94 -- 20,486 -1,266 529 -- 91 days to 1 year — — 27,321 - 198 1,931 +112 Over 1 year to 5 years — -- 34,691 -- 4,613 - 7 Over 5 years to 10 years _«. _. 13,754 1 975 - 55 Over 10 years ^^55 1155,,332277 -« 668855 — Total 556699 111166,,227711 + 459 88,,773333 - 4 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 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 11,156 577 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 482 33 29 24 56 51 51 30 30 17 47 33 81 Loans 569 93 79 24 13 90 17 81 35 34 88 7 8 Acceptances held under repurchase agreements -- -- -" -- -- ~~ *"" •~~ -~ ~- -~ -- ~~ Federal agency obligations: Bought outright 8,733 399 2,270 379 660 717 317 1,372 351 156 409 518 1,185 Held under repurchase agreements "I -- -- -- — -- -- -- -- -- -- -- — — U.S. government securities: Bought outright—Bills 40,683 1,858 10,575 1,767 3,073 3,341 1,474 6,393 1,635 726 1,907 2,415 5,519 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 2 116,271 5,312 30,222 5,048 8,784 9,550 4,213 18,270 4,672 2,077 5,449 6,901 15,773 Held under repurchase agreements 1 -- — — — -- -- -- -- — -- — -- — Total U.S. government securities 116,271 5,312 30,222 5,048 8,784 9,550 4,213 18,270 4,672 2,077 5,449 6,901 15,773 Total loans and securities 125,573 5,804 32,571 5,451 9,457 10,357 4,547 19,723 5,058 2,267 5,946 7,426 16,966 Cash items in process of collection 12,466 330 1,341 378 681 2,355 2,074 1,229 592 620 1,250 844 772 Bank premises 461 99 20 53 25 90 35 17 14 28 22 13 45 Other assets 3 9,558 306 2,507 395 722 555 655 1,381 304 273 418 570 1,472 Interdistrict settlement account -0- - 311 +9,113 - 890 - 814 + 135 -1,679 -1,767 - 569 - 629 - 118 + 360 -2,831. TOTAL ASSETS 162,214 6,966 49,254 6,092 11,175 14.733 6,227 22,746 6,000 2,843 8,177 9,950 18,051 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 $ -o- million was outstanding at the end of the latest statement week. 2 Net of $ 2,398 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 143 million securities loaned—fully secured by U.S. government securities. 3 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. * Estimated (Chicago 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 11,1981 Millions of dollars * Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 120,377 6,020 35,642 4,945 9,231 10,804 3,078 18,532 4,638 1,623 5,712 7,055 13,097 Deposits: Depository institutions 24,990 529 8,645 715 1,199 1,285 1,545 2,786 685 555 1,143 1,949 3,954 U.S. Treasury—general account 2,645 -- 2,645 -- -- -- -- -- -- -- -- -- -- Foreign—official accounts 231 6 64 8 18 11 17 33 7 7 10 14 36 Other 318 -- 272 1 -- 33 2 2 2 1 2 2 1 Total deposits 28,184 535 11,626 724 1,217 1,329 1,564 2,821 694 563 1,155 1,965 3,991 Deferred availability cash items 9,076 242 930 231 369 2,294 1,292 680 507 523 1,101 646 261 Other liabilities and accrued dividends 1/ 1,871 91 372 89 148 159 100 317 78 37 91 116 273 TOTAL LIABILITIES 159,508 6,888 48,570 5,989 10,965 14,586 6,034 22,350 5,917 2,746 8,059 9,782 17,622 CAPITAL ACCOUNTS Capital paid in 1,225 33 310 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 capita! accounts 278 12 68 11 19 22 11 41 11 13 13 18 39 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 162,214 6,966 49,254 6,092 11,175 14,733 6,227 22,746 6,000 2,843 8,177 9,950 18,051 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 141,762 7,296 39,803 6,901 10,227 12,152 5,374 20,594 5,679 2,268 6,964 8,691 15,813 Less-Held by F.R. Banks 21,385 1,276 4,161 1,956 996 1,348 2,296 2,062 1,041 645 1,252 1,636 2,716 F.R. notes, net 120,377 67020 35,642 £7355 —W7TTL 10,804— 3,078 —18,532 ZT753S —1,623 5,712 7,055 13,097 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 106,703 5,315 31,969 4,264 8.183 9,614 2,534 16,399 4,067 1,356 5,100 6,351 11,551 Total collateral 120,377 6,020 35,642 4,945 9,231 10,804 3,078 18,532 4,638 1,623 5,712 7,055 13,097 1/ Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. * Estimated (Chicago District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis