H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE m Factors Affecting Reserves of Depository Institutions and Condition Statement of F.R. Banks For immediate release April 3, 1981 Averages of dally figures Reserves of depository institutions, Week ended Change from week ended Wednesday Reserve Bahkrcredit, April 1, •Wl "W" April 1, and related items 1981* 1981 ' Reserve Bank credit: (In millions of dollars) U.S. Government securities-- , # 2/ Bought outright--System account v - 118,381 134 2,146 117,533 Held under repurchase agreements 165 13 915 217 Federal Agency obligations-- Bought outright 8,730 3 519 8,722 Held under repurchase agreements 23 37 213 30 Acceptances— Bought outright Held under repurchase agreements Loans-- To depository institutions 1 464 + 576 - 802 1,758 Includes seasonal borrowing of: 220 + 20 + 55 195 Float 2 549 . 287 . 1,175 2,987 Other F.R. assets 10 303 + 80 + 5.298 10.332 Total Reserve Bank credit 141 758 + 313 + 4,814 141,770 Gold Stock 11 155 .. - 17 11,154 Special Drawing Rights certif. acct. 2 818 + 86 - 150 2,818 Treasury currency outstanding 1?5 05 + 12 + 312 13,509 169 236 + 411 + 4,959 169,251 Currency in circulation 132 954 + 321 + 10,107 133,602 Treasury cash holdings ** 480 + 6 - 96 480 Treasury deposits with F.R. Banks 2 887 - 355 + 676 2,305 Foreign deposits with F.R. Banks 334 + 62 - 7 320 Oclier deposits with F.R. Banks 322 - 6 - 56 407 Other F.R. liabilities and capital 4 .832 + 113 - 212 4.611 141, 808 + 141 + 10,411 141,725 Reserve balances with F.R. Banks 3/' 27, 429 + 271 . 5,449 27,527 Total vault cash (estimated) 17 135 + 639 N/A 17,135 a) Vault cash at institutions with required reserve balances 11, 560 + 408 + 2,026 11,560 b) Vault cash equal to required reserves at other institutions 1, 217 + 9 N/A 1,217 c) Surplus vault cash at other institutions 4/ 4 358 + 222 N/A 4,358 Reserve balances + total vault cash 5/ 44, 670 + 910 N/A 44,768 Res u e s r ed v e t b o al s a a n t c i e s s f y + re t s o e ta r l v e va r u e l q t u ir c e a m s e h nts 5/6/ 40, 312 + 688 _ 3,531 40,410 Required reserves (estimated) 39 642 + 178 - 3,914 39,642 Excess reserve balances at F.R. Banks 5/7/ 670 + 510 + 383 768 On April 1, 1981, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and interna tional accounts were $100,720 million, an increase of $2,411 million for the week. \J Net of $1,687 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $1,687 million was with foreign official and international accounts. Includes securities loaned—fully secureu by U.S. Government securities. 2/ Net of $2,535 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 2,535 million was with foreign official and international accounts. Includes $109 million securities loaned—fully secured by U.S. Government secur it ies. 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, 19 75, 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. TJ Reserve balances with Federal Reserve Banks plus vault cash used to satisfy reserve requ ireiaents 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 (Dallas 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 **** April 1, 1981 March 25, 1981 April 2, 1980 ASSETS Gold certificate account 11,154 1 18 Special Drawing Rights certif. acct. 2,818 . 150 Coin 467 - 7 + 68 Loans 1,758 . 1,471 „ 350 Acceptances- Held under repurchase aggreements 191 — 76 + 191 Federal agency abligations— Bought outright 8,722 «. 11 + 511 Held under repurchase agreements 1 30 . 388 + 30 U.S. government securities: Bought outright—Bills 41,945 - 1,008 + 25 Notes 58,370 -- + 1,206 Bonds 17,218 — + 2,499 Total bought outright 2 117,533 _ 1,008 + 3,730 Held under repurchase agreements 1 217 — 848 + 217 Total U.S. government securities 117,750 «. 1,856 _ 3,947 Total loans and securities 128,451 ^ 3,802 + 4,329 Cash items in process of collection <3,162 ) 9,727 + 1,114 965 Bank premises 465 . 1 + 34 Other assets 3 9,867 . 14 + 5,194 TOTAL ASSETS (3,162 ) 162,949 -____ . 2^711 + __8,492_ LIABILITIES Federal Reserve notes 121,039 + 560 + 9,713 Deposits: Depository institutions 27,527 - 3,892 «. 1,508 U.S. Treasury—general account 2,305 „ 304 + 248 Foreign—official accounts 320 + 76 5 Other CM CM 407 _+ 38 _+ 85 Total deposits 4,082 CM CM _+ 38 _+ 30,559 4,082 r,IBTT" Deferred availability cash items fe,160 l 6,740 + 870 + 26 OOtthheerr lliiaabbiilliittiieess aanndd aaccccrruueedd ddiivviiddeennddss 44 1,940 - 19 . - 201 TTOOTTAALL LLIIAABBIILLIITTIIEESS ((33,,116622 )) 160,278 - 2,671 + 8,358 CAPITAL ACCOUNTS Capital paid in 1,227 .. + 67 Surplus 1,203 + 58 Other capital accounts I 241 - 40 + 9 * 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 $ 2,535million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 109 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-transldion account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. .** Estimated (Dallas District), MATURITY DISTRIBUTION OF LOANS AND SECURITIES, April 1, 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 1,700 191 2,943 - 4,198 51 - 565 16 days to 90 days 58 22,345 + 665 410 - 9 91 days to 1 year 28,608 + 1,594 1,962 + 119 Over 1 year to 5 years 34,772 + 82 4,690 + 77 Over 5 years to 10 years 13,755 + 1 954 - 21 Over 10 years 15,327 „.,_683 — Total 1,758 191 117,750 - 1,856 "8,752 399 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 April 1, 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 11,154 577 3,006 560 847 961 465 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 46 7 33 29 22 57 51 47 24 28 17 46 30 d:3 Loans 1,758 220 145 147 74 140 5 682 67 38 75 16 149 Acceptances held under repurchase agreements 191 -- 191 -- _. -- -- -- -- -- -- -- -- Federal agency obligations: Bought outright 8,722 399 2,267 379 659 716 316> 1,370 350 156 409 518 1,183 Held under repurchase agreements 1 30 -- 30 -- -- -- _- -- -- _. -- __ -- U.S. government securities: Bought outright-Bills 41,945 1,916 10,903 1,822 3,168 3,445 1,520 6,591 1,686 749 1,966 2,489 5,690 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 2 117,533 5,370 30,550 5,103 8,879 9,654 4,259 18,468 4,723 2,100 5,508 6,975 15,944 Held under repurchase agreements 1 217 -- 217 -- -- -- -- -_ -- -- -- -- -- Total U.S. government securities 117,750 5,370 30,767 5,103 8,879 9,654 4,259 18,468 4,723 2,100 5,508 6,975 15,944 Total loans and securities 128,451 5,989 33,400 5,629 9,612 10,510 4,580 20,520 5,140 2,294 5,992 7,509 17,276 Cash items in process of collection 12,889 528 1,454 411 704 2,460 1,897 1,393 598 654 1,256 813 721 Bank premises 465 99 21 52 25 91 35 17 14 28 22 14 47 Other assets 3 9,867 311 2,523 402 739 630 718 1,418 308 276 418 607 1,517 Interdistrict settlement account 0 - 385 H- 8,248 - 861 - 633 - 183 -1,182 -2,524 - 548 - 433 + 138 + 613 - 2,250 TOTAL ASSETS 166,111 7,292 49,488 6,335 11,566 14,765 6,643 23,011 6,115 3,102 8,504 10,321 18,969 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 $ 2,535 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 109 million securities loaned-fully secured by U.S. government securities. 3 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. "'Estimated (Dallas 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 APRIL 1, 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. 121,039 6,052 36,087 4,909 9,120 10,854 3,114 18,645 4,630 1,625 5,748 7,123 13,132 Deposits: Depository Institutions 27,527 799 8,406 959 1,600 1,187 1,813 2,981 830 780 1,384 2,001 4,787 U.S. Treasury -general account 2,305 2,305 Foreign-official accounts 320 8 110 11 22 14 21 42 9 9 12 17 45 Other 409 1 366 3 24 1 9 2 1 2 Total deposits 30,561 808 11,187 970 1,625 1,225 1,835 3,032 839 789 1,398 2,019 4,834 Deferred availability cash items 9,900 259 1,184 261 457 2,372 1,390 618 481 553 1,146 888 291 Other liabilities and accrued dividends *-' 1,940 96 347 94 157 171 113 327 83 40 97 125 290 TTOOTTAALL LLIIAABBIILLIITTIIEESS 163,440 7,215 48,805 6,234 11,359 14,622 6,452 22,622 6,033 3,007 8,389 10,155 18,547 CCAAPPIITTAALL AACCCCOOUUNNTTSS CCaappiittaall ppaaiidd iinn 1,227 33 309 46 96 63 92 179 37 46 53 76 197 SSuurrpplluuss 1,203 33 306 46 95 62 90 177 36 38 52 74 194 OOtthheerr ccaappiittaall aaccccoouunnttss 241 11 68 9 16 18 9 33 9 11 10 16 31 TTOOTTAALL LLIIAABBIILLIITTIIEESS AANNDD CCAAPPIITTAALL AACCCCOOUUNNTTSS 166,111 7,292 49,488 6,335 11,566 14,765 6,643 23,011 6,115 3,102 8,504 10,321 18,969 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 142,265 7,204 40,207 6,796 10,199 12,062 5,471 20,519 5,676 2,250 7,104 8,878 15,899 Less - Held by F.R. Banks 21,226 1,152 4,120 1,887 1,079 1,208 2,357 1,874 1,046 625 1,356 1,755 2,767 F.R. Notes, Net: 121,039 6,052 36,087 4,909 9,120 10,854 3,114 18,645 4,630 1,625 5,748 7,123 13,132 Collateral held against F.R. notes: Gold certificate account 11,154 577 3,006 560 847 961 465 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 107,067 5,335 32,274 4,229 8,058 9,648 2,566 16,482 4,055 1,359 5,116 6,388 11,557 Total collateral 121,039 6,052 36,087 4,909 9,120 10,854 3,114 18,645 4,630 1,625 5,748 7,123 13,132 1/ Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. * Estimated (Dallas District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis