H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE r^wv w^etmg Q©eerv/es of Depository Institutions and S Condition Statement of F.R. Banks For immediate release March 27, 198] Averages of dally figures Reserves of depository institutions, Week ended Change from vtak tnded Wednesday Reserve Bank credit, March 25 March 18 "MafcTTTZer March 25, and related items 1981 1981 1980 „ 1981 Reserve Bank credit: (In millions of dollars^ U.S. Government securities-- 1/ Bought outright--System account 118,515 196 1,877 ^.118,541 Held under repurchase agreements 152 152 47 L.065 Federal Agency obligations-- Bought outright 8,733 522 8,733 Held under repurchase agreements 60 149 418 Acceptances-- Bought outright Held under repurchase agreements 38 38 Loans-- To depository institutions 888 114 1,771 3,229 Includes seasonal borrowing of: 200 7 26 224 Float 2 783 479 - 1,589 2,743 Other F.R. assets 10 223 146 + 5,366 10,347 Total Reserve Bank credit 141 392 165 + 4,211 145,343 Gold Stock 11 155 1 - 17 11,155 Special Drawing Rights certif. acct. 2 732 85 - 236 2,818 Treasury currency outstanding 13 493 4 + 347 13,502 168,772 - 76 + 4,305 172,818 Currency in circulation * 132,633 132 + 10,130 133,037 Treasury cash holdings * 474 + 2 66 470 Treasury deposits with F.R. Banks 3,242 + 111 1 2,609 Foreign deposits with F.R. Banks 272 119 87 244 Oc'.ier deposits with F.R. Banks 328 24 72 369 Other F.R. liabilities and capital 4,719 - 55 205 4,670 141,667 218 + 9,698 141,399 Reserve balances with F.R. Banks 3/ 27,105 142 5,394 31,419 Total vault cash (estimated) 16,496 648 N/A 16,496 a) Vault cash at institutions with required reserve balances 11,152 386 + 2,112 11,152 b) Vault cash equal to required reserves at other institutions 1,208 N/A 1,208 c) Surplus vault cash at other institutions 4/ 4,136 244 N/A 4,136 Reserve balances + total vault cash 5/ 43,707 507 N/A 48,021 Reserve balances + total vault cash used to satisfy reserve requirements 5/6/ 39,571 263 3,401 43,885 Required reserves (estimated) 39,464 27 3,527 39,464 Excess reserve balances at F.R. Banks 5/7/ 107 236 + 126 4,421 On March 25, 1981, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and interna tional accounts were $98,309 million, an increase of $360 million for the week. \J Net of $1,553 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $1,553 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. 2/ Net of $1,526 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $1,526 million was with foreign official and international accounts. Includes $79 million securities loaned—fully secured by U.S. Government securities. 3/ Includes all reserve balances of depository institutions. kj Total vault cash at institutions without required reserve balances less vault cash equal to their required reserves. 5_/ 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. 1_J 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 Change since ««** WWeeddnneessddaayy *Jarch 25, 1981 Marchi 18. 1981 March 26. 1980 ASSETS Gold certificate account 11,155 - 1 - 17 Special Drawing Rights ceftif. acct. 2,818 + '150 - 150 Coin 474 - 6 + 59 Loans 3,229 + 1,317 - 1,422 Acceptances- Held under repurchase aggreements 267 + 267 + 267 Federal agency abhgations- Bought outright 8,733 -- + 522 Held under repurchase agreements 1 418 + 418 + 418 U.S. government securities: Bought outright—Bills 42,953 - 1,020 - 2,994 Notes 58,370 -- + 1,206 Bonds 1177..221188 -. + 2.499 Total bought outright 2 111188,,554411 1,020 + 711 Held under repurchase agreements 1 111...000666555 +++ 1.065 + 1.065 Total U.S. government securities 111111999...666000666 45 + 1.776 Total loans and securities 111333222,,,222555333 +++ 2,047 + 1,561 Cash items in process of collection (2,829 ) 8,613 - 1,280 - 1,025 Bank premises 466 + 2 + 36 Other assets 3 99..888811 ++ 110 + 5.288 TOTAL ASSETS ((22,,882299 )) JJ6655^^666600 1.022 + 5.752 LIABILITIES Federal Reserve notes 120,479 + 20 + 9,796 Deposits: Depository institutions 31,419 + 1,915 - 3,069 U.S. Treasury—general account 2,609 - 249 - 389 Foreign—official accounts 244 - 17 - 124 Other ((( 111 ))) 336699 23 + 27 Total deposits <<<;;; lll))) 3344,,664411 ++ ~~~~ 1,626 - 3,555 Deferred availability cash items (((222,,,888222888 ))) 5,870 - 673 - 386 Other liabilities and accrued dividends 4 11..995599 53 - 265 TOTAL LIABILITIES ((22,,882299 )) 116622,,994499 ++ 1,026 + 5,590 CAPITAL ACCOUNTS Capital paid in 1,227 -- + 67 Surplus 1,203 -- + 58 Other capital accounts 281 - 4 + 37 * 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 an dinter national accounts, of which $ 0 million was outstanding at the end of the latest statement week. 2 Net of $1,526 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 79 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-transaction account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, March 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 changes Within 15 days 3,208 267 7,141 343 616 417 16 days to 90 days 21 21,680 1,475 419 91 days to 1 year 27,014 1,086 1,843 Over 1 year to 5 years 34,690 1 4,613 Over 5 years to 10 years 13,754 975 Over 10 years 15.327 685 Total 3,229 ToT 119,606 45 9,151 418 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 25, 1981 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City Francisco ASSETS Gold certificate account 11,155 577 3,007 560 847 961 465 1,722 465 225 501 572 1,253 Special Drawing Rights certif. acct. 2,818 140 807 120 215 245 83 441 110 41 131 163 322 Coin 474 ! 33 30 23 57 51 49 26 29 17 46 30 83 Loans 3,229 304 913 189 349 71 60 250 98 130 138 62 665 Acceptances held under repurchase agreements 267 -- 267 -- -- -- -- -- -- -- -- -- -- 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 1 418 -- 418 -- -- -- -- -- -- -- -- -- -- U.S. government securities: Bought outright—Bills 42,953 1,962 11,166 1,865 3,245 3,528 1,556 6,749 1,726 767 2,013 2,549 5,827 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 2 118,541 5,416 30,813 5,146 8,956 9,737 4,295 18,626 4,763 2,118 5,555 7,035 16,081 Held under repurchase agreements 1 1,065 -- 1,065 -- -- -- -- -- -- -- -- -- -- Total U.S. government securities 119,606 5,416 31,878 5,146 8,936 9,737 4,295 18,626 4,763 2,118 5,555 7,035 16,081 Total loans and securities 132,253 6,119 35,746 5,714 9,965 10,525 4,672 20,248 5,212 2,404 6,102 7,615 17,931 Cash items in process of collection 11,442 331 1,469 473 498 2,107 1,775 1,025 480 570 1,125 794 795 Bank premises 466 99 21 53 25 91 35 17 14 28 22 14 47 Other assets 3 9,881 317 2,571 403 746 571 674 1,432 320 276 433 612 1,526 Interdistrict settlement account 0 191 + 5,000 - 979 - 725 + 22 - 1,14 0 - 1,497 - 525 549 28 + 704 92 TOTAL ASSETS 1 168,489 7,425 48,651 " 6,367 " 11.626 14,573 ' 6.613 23.414 6.105 " 3.012 S.332 10.504 21.S6? 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»526 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 79 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 25, 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 120,479 6,011 35,838 4,849 9,102 10,769 3,184 18,614 4,596 1,618 5,718 7,101 13,079 Deposits: Depository Institutions 31,419 967 7,696 1,064 1,770 1,433 1,856 3,483 895 720 1,334 2,454 7,747 U.S. Treasury —general account 2,609 2,609 Foreign—official accounts 244 6 77 8 18 11 17 33 7 7 10 14 36 Other 370 1 325 1 22 2 14 1 2 1 1 Total deposits 34,642 974 10,707 1,073 1,788 1,466 1,875 3,530 902 728 1,346 2,469 7,784 Deferred availabi ity cash items 8,698 270 996 253 368 2,028 1,250 560 444 531 1,058 647 293 Other liabilities and accrued dividends 1 1,959 92 423 89 158 163 112 312 79 38 92 119 282 TOTAL LIABILITIES 165,778 7,347 47,964 6,264 11,416 14,426 6,421 23,016 6,021 2,915 8,214 10,336 21,438 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 281 12 72 11 21 22 10 42 11 13 13 18 36 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 168,489 7,425 48,651 6,367 11,628 14,573 6,613 23,414 6,105 3,012 8,332 10,504 21,865 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 142,063 7,222 39,964 6,821 10,192 12,109 5,582 20,472 5,674 2,259 7,062 8,798 15,908 Less-Held by F.R. Banks 21,584 1,211 4,126 1,972 1,090 1,340 2,398 1.858 1,078 641 1,344 1,697 2,829 F.R. Notes, Net: 120,479 6,011 35,838 4,849 9,102 10,769 3,184 18,614 4,596 1,618 5,718 7,101 13,079 Collateral held against F.R. notes Gold certificate account 11,155 577 3,007 560 847 961 465 1,722 465 225 501 572 1,253 Special Drawing Rights certif. acct. 2,818 140 807 120 215 245 83 441 110 41 131 163 322 Other eligible assets U.S. govt, and agency securities 106,506 5,294 32,024 4,169 8,040 9,563 2,636 16,451 4,021 1,352 5,086 6,366 11, 5 04 Total collateral 120,479 6,011 35,838 4,849 9,102 10,769 3,184 18,614 4,596 1,618 5,718 7,101 13,079 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