H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Reserves of Depository Institutions and Condition Statement of F.R. Banks H.4.1 For immediate release March 20, 1981 Averages of dally figures Reserve of depository institutions, Week ended Change from wtik tnded Wednesday Reserve Bank credit, March 18, March 11, March 19, March 18, and related items 1981 1981 1980 1981 Reserve Bank credit: (In millions of dollars) U.S. Government securities-- 1/ Bought outright--System account +1,961 + 3,058 ^ 119,561 Held under repurchase agreements Federal Agency obligations-- Bought outright 8,733 8,733 Held under repurchase agreements Acceptances-- Bought outright Held under repurchase agreements Loans— To depository institutions 774 + 6 - 2,226 1 ,912 Includes seasonal borrowing of: 193 + 8 + 37 179 Float 3,143 + 140 - 2,456 3 ,350 Other F.R. assets 10,077 + 150 + 5,378 10 ,235 Total Reserve Bank credit 141,438 +2 ,254 + 4,275 143 ,791 Gold Stock 11,156 — - 16 11 ,156 Special Drawing Rights certif. acct. 2,647 + 129 - 321 2 ,668 Treasury currency outstanding 13,489 + 5 + 362 13,489 168,729 +2 ,387 + 4,299 171 ,104 Currency in circulation * 132,772 + 384 + 9,989 133 ,003 Treasury cash holdings * 465 + 10 - 67 465 Treasury deposits with F.R. Banks 3,131 + 109 + 617 2 ,858 Foreign deposits with F.R. Banks 391 + 115 +- 45 261 0t'.:er deposits with F.R. Banks 352 + 61 - 183 392 Other F.R. liabilities and capital 4,774 + 70 - 66 4,621 141,885 + 750 +10,335 141 ,600 Reserve balances with F.R. Banks 3/ 26,844 +1 ,638 . 6,035 29 504 Total vault cash (estimated) "" 17,144 -1 ,313 N/A 17 144 a) Vault cash at institutions with required reserve balances. 11,538 - 968 + 2,425 11 538 b) Vault cash equal to required reserves at other institutions 1,226 - 43 N/A 1 226 c) S i u n r s p t l i u t s u t v i a o u n l s t 4 / c ash at other 4,380 - 302 N/A 4, 380 Reserve balances + total vault cash 5/ 44,095 + 326 N/A 46, 755 Res u e s r e v d e t b o a l s a a n t c is e f s y + r e t s o e t r a v l e va r u e l q t u ir c e a m s e h n ts 5/6/ 39,715 + 628 . 3,730 42, 375 Required reserves (estimated) 39,491 + 623 - 3,774 39,491 Excess reserve balances at F.R. Banks 5/7/ 224 + 5 +• 44 2, 884 On March 18, 1981, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $97,949 million, an increase of $220 million for the week. Net of $1,227 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $1,227 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. Net of $506 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $506 million was with foreign official and international accounts. Includes $70 million securities loaned--fully secured by U.S. Government securities. Includes all reserve balances of depository institutions. Total vault cash at institutions without required reserve balances less vault cash equal to their required reserves. Adjusted to include $107 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. 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. 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 (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 . rt , Change since ** WWeeddnneessddaayy Wednesday Wednesday March 18, 1981 March 11, 1981 March 19, 1980 ASSETS Gold certificate account 11,156 -- - 16 Special Drawing Rights certif. acct. 2,668 + 150 - 300 Coin 480 - 2 + 49 Loans 1,912 + 1,343 - 947 Acceptances- Held under repurchase aggreements _ _, „ .. Federal agency abligations— Bought outright 8,733 -- + 522 Held under repurchase agreements 1 -. -- U.S. government securities: Bought outright-Bills 43,973 + 3,290 + 3,697 • Notes 58,370 -- + 1,556 Bonds 17,218 -- + 2,500 Total bought outright 2 119,561 + 3,290 + 7,753 Held under repurchase agreements 1 -- -- ... Total U.S. government securities 119,561 33,,229900 + 7,753 Total loans and securities 130,206 "" ++ 44,,663333 + 7,328 Cash items in process of collection (3,322 ) 9,893 + 349 - 1,750 Bank premises 464 + 3 + 34 Other assets 3 9,771 220088 + 5,311 TOTAL ASSETS ((33,,332222 )) 164,638 __++__ 55,,334411 + 10,656 LIABILITIES Federal Reserve notes 120,459 - 40 + 9,696 Deposits: Depository institutions 29,504 + 4,514 + 2,439 U.S. Treasury—general account 2,858 + 213 - 969 Foreign—official accounts 261 + 30 - 23 Other (( 11 )) 392 __++ 7755 - 100 Total deposits (( 11 )) 33,015 ++ 44,,883322 + 1,347 Deferred availability cash items (3,321 ) 6,543 + 496 - 362 Other liabilities and accrued dividends 4 1,906 4466 - 206 TOTAL LIABILITIES ((33,,332222 )) 161,923 ++ 55,,333344 + 10,475 CAPITAL ACCOUNTS Capital paid in 1,227 + 1 + 68 Surplus 1,203 -- + 58 Other capital accounts 285 + 6 + 55 * 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 $ 1,579million was outstanding at the end of the latest statement week. 2 Net of $ 506 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 70 mifiio securities Joaned-fuily 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. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, March 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 1,874 -- 7,484 + 2,792 199 + 199 16 days to 90 days 38 -- 20,205 281 418 111 91 days to 1 year -- -- 28,100 + 779 1,843 88 Over 1 year to 5 years -- -- 34,691 -. 4,613 ... Over 5 years to 10 years -- -- 13,754 -- 975 «... Over 10 years -- -- 1155..332277 -« 668855 Total 1,912 -- 111199,,556611 + 3,290 88,,773333 "~™TZ 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 18, 1978 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. 2,668 133 764 113 203 232 79 417 104 39 124 155 305 Coin 480 32 30 24 57 52 51 26 31 17 46 31 83 Loans 1,912 99 1,166 23 147 84 53 137 29 41 91 5 37 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 1 U.S. government securities: Bought outright—Bills 43,973 2 ,008 11,431 1,909 3,322 3,612 1,593 6,910 1 ,767 785 2,061 2,610 5,965 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 2 119,561 5 ,462 31,078 5,190 9,033 9,821 4,332 18,787 4 ,804 2,136 5,603 7,096 16,219 Held under repurchase agreements 1 Total U.S. government securities 119.561 5 ,462 31.078 5.190 9.033 9,821 4,332 18,787 4 ,804 2,136 5,603 7,096 16,219 Total loans and securities 130,206 5 ,960 34,514 5,592 9,840 10,622 4,702 20,296 5 ,184 2,333 6,103 7,619 17,441 Cash items in process of collection 13,215 415 2,005 397 635 2,613 1,662 1,310 569 656 1,331 865 757 Bank premises 464 99 21 53 25 91 35 17 14 28 22 14 45 Other assets 3 9,771 312 2,536 407 735 559 639 1,416 308 277 427 622 1,533 Interdistrict settlement account 0 310 + 6,602 973 874 - 339 713 - 2.045 697 472 97 + 211 293 TOTAL ASSETS 1 167,960 7 ,218 49.480 6.173 11,468 14.791 6,920 23,159 5 ,978 3,103 8,457 10,089 21,124 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 $ 1,579million was outstanding at the end of the latest statement week. 2 Net of $ 506 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 70 million securities loaned—fully secured by U.S. government securities. 3 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. 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 18, 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 120,459 6,002 35,582 4,877 9,102 10,788 3,307 18,623 4,603 1,616 5,730 7,095 13,134 Deposits: Depository institutions 29,504 737 8,326 833 1,559 1,131 1,990 3,118 750 789 1,344 1,990 6,937 U.S. Treasury—general account 2,858 2,858 Foreign—official accounts 261 6 94 8 18 11 17 33 7 7 10 14 36 Other 393 359 1 23 2 3 1 2 1 1 Total deposits 33,016 743 11,637 842 1,577 1,165 2,009 3,154 757 797 1,356 2,005 6,974 Deferred availability cash items 9,864 303 1,200 263 422 2,525 1,306 666 454 554 1,159 701 311 Other liabilities and accrued dividends 1 1,906 92 373 88 156 166 105 317 80 39 94 120 276 TOTAL LIABILITIES 165,245 7,140 48,792 6,070 11,257 14,644 6,727 22,760 5,894 3,006 8,339 9,921 20,695 CAPITAL ACCOUNTS Capital paid in 1,227 33 309 46 96 63 92 179 37 46 53 76 197 Surplus 1,203 33 306 46 95 62 90 177 36 38 52 74 194 Other capital accounts 285 12 73 11 20 22 11 43 11 13 13 18 38 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 167,960 7,218 49,480 6,173 11,468 14,791 6,920 23,159 5,978 3,103 8,457 10,089 21,124 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 142,005 7,244 39,852 6,834 10,158 12,132 5,660 20,501 5,651 2,267 7,020 8,738 15,948 Less-Held by F.R. Banks 21,546 1,242 4,270 1,957 1,056 1,344 2,353 1,878 1,048 651 1,290 1,643 2,814 F.R. notes, net 120,45$ 6,002 35,582 4,877 9,102 10,788 3,307 18,623 4,603 1,616 5,730 7,095 13,134 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. 2,668 133 764 113 203 232 79 417 104 39 124 155 305 Other eligible assets U.S. govt, and agency securities 106,635 5,292 31,810 4,204 8,052 9,595 2,763 16,484 4,034 1,352 5,105 6,368 11,576 Total collateral 120,459 6,002 35,582 4,877 9,102 10,788 3,307 18,623 4,603 1,616 5,730 7,095 13,134 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis