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 For iawadlata rcltaaa April 10, 1981 Averages of daily figures Reserves of depository institutions, Week ended Change from week ended Wednesday R an e d se r r v e e l a B t a e n d k i c t r e e m d s i t, Ap 1 r 9 i 8 l 1 * 8 Apr 1 i 9 l 8 1 1, A?5£i 9' A!S 8 4*8' Reserve Bank credit: 1/ (In millions of dollars) 2/ U.S. Government securities-- 118,396 + 15 + 1,409 -119,495 Bought outright—System account Held under repurchase agreements 165 642 Federal Agency obligations-- Bought outright 8,722 157 Held under repurchase agreements 23 61 Acceptances-- Bought outright Held under repurchase agreements 143 82 Loans-- To depository institutions 887 577 1,497 467 Includes seasonal borrowing of: 162 58 + 10 150 Float 2,850 349 - 1,179 3,988 Other F.R. assets 10.101 197 + 5,211 10.106 Total Reserve Bank credit 140, 957 749 + 3,004 142 778 Gold Stock 11 154 1 - 18 11 154 Special Drawing Rights certif. acct. 2 818 ~ 150 2 818 Treasury currency outstanding 13 512 + 326 13 516 168,441 742 + 3,162 170,266 Currency in circulation ** 133,903 949 + 10,096 134,810 Treasury cash holdings ** 490 9 95 490 Treasury deposits with F.R. Banks 2,863 24 + 605 2,406 Foreign deposits with F.R. Banks 329 5 50 292 Other deposits with F.R. Banks 255 67 73 284 Other F.R. liabilities and capital 4,853 21 80 4^767 142,694 884 + 10,403 143,049 Reserve balances with F.R. Banks 3/ 25,747 ,627 - 7,241 27,217 Total vault cash (estimated) 17,467 332 N/A 17,467 a) Vault cash at institutions with required reserve balances 11,873 + 313 + 1,969 11,873 b) Vault cash equal to required reserves at other institutions 1,184 - 33 N/A 1,184 c) Surplus vault cash at other institutions 4/ 4,410 + 52 N/A 4,410 Reserve balances + total vault cash 5/ 43,302 - 1 ,313 N/A 44,772 Reserve balances + total vault cash _ used to satisfy reserve requirements 5_/6_/ 38,892 1, 365 - 5,398 40,362 Required reserves (estimated) 38,837 - 805 - 5,295 38,837 Excess reserve balances at F.R* Banks 5/7/ 55 - 560 103 1,525 On April 8, 1981, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and interna tional accounts were $100,038 million, a decrease of $682 million for the week. 1/ Net of $1,696 million, daily average, matched sale-purchase trans actions outstanding during the latest statement week, of which a net of $1,696 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. 2/ Net of $744 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $744 million was with foreign official and international accounts. Includes $89 million securities loaned—fully secured by U.S. Government securities. 3/ Includes all reserve balances of depository institutions. 47 Total vault cash at institutions without required reserve balances less vault cash equal to their required reserves. bj Adjusted to include $88 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. 2/ 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 (Cleveland 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 ••ffcckk ** WWeeddnneessddaayy April 8, 1981 April 1, 1981 April 9, 1980 ASSETS Gold certificate account 11,154 -- - 18 Special Drawing Rights certif. acct. 2,818 — - 150 Coin 460 - 7 + 70 Loans 467 - 1,291 - 1,423 Acceptances- Held under repurchase aggreements .. . 191 .. Federal agency abligations— Bought outright 8,722 -- - 157 Held under repurchase agreements 1 — - 30 -- U.S. government securities: Bought outright—Bills 43,907 + 1,962 + 3,229 Notes 58,370 — + 1,206 Bonds 17,218 — + 2,499 Total bought outright 2 119,495 + 1,962 + 6,934 Held under repurchase agreements 1 — 222111777 — Total U.S. government securities 119,495 +++ 111,,,777444555 + 6,934 Total loans and securities 128,684 +++ 222333333 + 5,354 Cash items in process of collection (2,674 ) 10,304 + 760 - 1,756 Bank premises 466 + 1 -f- 35 Other assets 3 9,640 119966 + 4,825 TOTAL ASSETS ((22,,667744 )) 163,526 ++ 779911 + 8,360 LIABILITIES Federal Reserve notes 122,244 + 1,191 + 9,951 Deposits: Depository institutions 27,217 - 310 - 2,016 U.S. Treasury—general account 2,406 + 101 + 996 Foreign—official accounts 292 - 28 + 16 Other J&4._. - 123 + 1 Total deposits 30,199 - 360 1,003 Deferred availability cash items (2,674 ) 6,316 - 193 - 693 Other liabilities and accrued dividends 4 2,053 (2,674 ) i 110 - 60 TOTAL LIABILITIES (2,674 ) 160,812 748 i 110 748 + 8,195 CAPITAL ACCOUNTS Capital paid in 1,229 + 2 + 69 Surplus 1,203 — + 58 Other capital accounts 282 + 41 + 38 * 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 idnter national accounts, of which $ 757 million was outstanding at the end of the latest statement week. 2 Net of $ 744 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 89 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 foseien exchange commitments. e 8" ** Estimated (Cleveland District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, April 8, 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 obligati ons LLooaannss AAcccceeppttaanncceess Holdings 1 Weekly changes Holdings | Weekly changes Within 15 days 392 -- 4,971 + 2,028 40 - 11 16 days to 90 days 75 -- 21,849 - 496 595 + 185 91 days to 1 year — -- 28,821 + 213 1,758 - 204 Over 1 year to 5 years — — 34,772 — 4,690 — Over 5 years to 10 years .„ _- 13,755 — 954 -- Over 10 years --ffff-- 1155,,332277 — 668855 -. Total ""446677 111199,,449955 + 1,745 88,,772222 - 30 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 8> 1981 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City , Dallas Francisco ASSETS Goid 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 460 33 28 22 57 50 44 25 28 17 45 29 82 Loans 46 7 100 21 18 3 88 19 59 60 32 46 13 8 Acceptances held under repurchase agreements -- -- -- -- -- -- -- -- -- -- -- -- -- 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 -- -- _- -- -- -_ -- -- -- -- — -_ -- U.S. government securities: Bought outright-Bills 43,907 2 ,005 11,413 1,907 3,317 3,606 1,591 6,899 1,765 784 2,058 2,606 5,956 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 2 119,495 5 ,459 31,060 5,188 9,028 9,815 4,330 18,776 4,802 2,135 5,600 7,092 16,210 Held under repurchase agreements 1 -- _ -- -- -- -- -- -- -- -- -- -- -- -- Total U.S. government securities 119,495 ,459 31,060 5,188 9,028 9,815 4,330 18,776 4,802 2,135 5,600 7,092 16,210 Total loans and securities 128,684 5 ,958 33,348 5,585 9,690 10,619 4,665 20,205 5,212 2,323 6,055 7,623 17,401 Cash items in process of collection 12,978 403 1,441 502 782 2,178 1,988 1,503 639 599 1,533 802 608 Bank premises 466 99 21 52 25 92 35 17 14 28 22 14 47 Other assets 3 9,640 315 2,536 403 736 568 639 1,404 308 268 419 591 1,453 Interdistrict settlement account - 0- - 286 +8,090 -1,196 - 679 - 223 - 1,566 -1,862 - 925 - 578 378 + 614 -1,011 TOTAL ASSETS 166,200 7 .239 49,277 6.048 11,673 14.490 6.353 23,455 5,851 _ 2,923 8,32g 10,408 2SL12&. 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 $ 757 million was outstanding at the end of the latest statement week. 2 Net of $ 744 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 89 million securities loaned—fully secured by U.S. government securities. 3 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. * Estimated (Cleveland 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 8, 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 122,244 6,134 36,177 4,989 9,199 10,976 3,148 18,909 4,689 1,646 5,806 7,258 13,313 Deposits: Depository institutions 27,217 634 8,372 606 1,561 1,057 1,582 3,218 528 621 1,240 2,056 5,742 U.S. Treasury —general account 2,406 2,406 Foreign—official accounts 292 8 82 11 22 14 21 42 9 9 12 17 45 Other 284 1 228 2 25 1 6 8 1 2 9 1 Total deposits 30,199 643 11,088 617 1,585 1,096 1,604 3,266 545 631 1,254 2,082 5,788 Deferred availability cash items 8,990 289 968 247 524 2,101 1,305 555 450 509 1,052 651 339 Other liabilities and accrued dividends 1/ 2,053 95 355 92 157 170 103 326 83 40 97 249 286 TOTAL LIABILITIES 163,486 7,161 48,588 5,945 11,465 14,343 6,160 23,056 5,767 2,826 8,209 10,240 19,726 CAPITAL ACCOUNTS Capital paid in 1,229 33 311 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 282 12 72 11 17 22 11 43 11 13 14 18 38 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 166,200 7,239 49,277 6,048 11,673 14,490 6,353 23,455 5,851 2,923 8,328 10,408 20,155 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 142,587 7,184 40,364 6,777 10,224 12,067 5,367 20,677 5,673 2,260 7,119 8,970 15,905 Less - Held by F.R. Banks 20,343 1,050 4,187 1,788 1,025 1,091 2.219 1.768 984 614 1,313 1,712 2,592 F.R. Notes, Net 122,244 6,134 36,177 4,989 9,199 10,976 3,148 18,909 4,689 1,646 5,806 7,258 13,313 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 ocher eligible assets U.S. govt, and agency securities 108,272 5,417 32.364 4,309 8,137 9,770 2,600 16,746 4,114 1,380 5,174 6,523 11,738 Total collateral 122,244 6,134 36,177 4,989 9,199 10,976 3,148 18,909 4,689 1,646 5,806 7,258 13,313 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. * Estimated (Cleveland District) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis