H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Reserves of Depository Institutions and •••mm-- Condition Statement of F.R. Banks For immediate release April 17, 1981 Averages of dally figures Reserve* of depository institutions, Week ended Cha2ngFe from week ended Wednesday Reserve Bank credit, April 15 Apirir a April 16, April 15, and related items 1981 1981 • , 1980 1981 Reserve Bank credit: (In millions of dollars) U.S. Government securities— Bought outright—System account -' 119,785 + 1,389 + 2,097 —/ 120,036 Held under repurchase agreements Federal Agency obligations-- Bought outright 8,720 Held under repurchase agreements Acceptances— Bought outright Held under repurchase agreements Loans-- To depository institutions 1,142 + 255 - 1,134 3,208 Includes seasonal borrowing of: 149 - 13 + 9 150 Float 3,376 + 524 - 511 4,205 Other F.R. assets 10,147 + 47 + 5,003 10,328 Total Reserve Bank credit 143,1H + 2,214 + 5,300 146,447 Gold Stock 11.154 -- - 18 11,154 Special Drawing Rights certif. acct. 2,818 -- - 150 2,818 Treasury currency outstanding 13,516 + 4 + 307 13.516 170,659 + 2,218 + 5,4-36 173,985 Currency in circulation * 134,984 + 1,079 + 10,887 135,498 Treasury cash holdings * 495 + 3 - 98 495 Treasury deposits with F.R. Banks 3,033 + 170 + 1,777 2,296 Foreign deposits with F.R. Banks 347 + 18 + 24 388 Other deposits with F.R. Banks 285 + 30 - 162 341 Other F.R. liabilities and capital 4,893 + 39 - 14 4,650 144,038 + 1,340 + 12,415 143,668 Reserve balances with F.R. Banks 3/ 26,622 + 879 _ 6,975 30,317 Total vault cash (estimated) 17,681 + 214 N/A 17,681 a) Vault cash at institutions with required reserve balances 11,991 + 118 + 2,148 11,991 b) Vault cash equal to required reserves at other institutions 1,194 + 10 N/A 1,194 c) Surplus vault cash at other institutions 4/ 4,496 + 86 N/A 4,496 Reserve balances + total vault cash 5/ 44,391 + 1,093 N/A 48,086 Reserve balances + total vault cash used to satisfy reserve requirements 5/67 39,895 + 1,007 _ 4,948 43,590 Required reserves (estimated) 39,620 + 783 - 5,016 39,620 Excess reserve balances at F.R. Banks 5/7/ 275 + 224 + 68 3,970 On April 15, 1981, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and interna tional accounts were $100,171 million, an increase of $133 million for the week. 1/ Net of $1,214 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $1,214 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. 2/ Net of $1,189 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $1,189 million was with foreign official and international accounts. Includes $62 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 vault cash equal to their required reserves. 5/ Adjusted to include $88 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. y 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 FFDERAL RESERVE BANKS Millions of dollars Change since ** WWeeddnneessddaayy April 15, 1981 April 8, 1981 April 16, 1980 ASSETS Gold certificate account 11,154 18 Special Drawing Rights certif. acct. 2,818 __ _ 150 Coin 445 - 15 + 59 Loans 3,208 + 2,741 - 371 Acceptances- _.. Held under repurchase aggreements Federal agency abligations- Bought outright 8,720 _ 2 „, 157 Held under repurchase agreements 1 -- .-- U.S. government securities: Bought outright—Bills 43,612 - 295 «. 913 Notes 59,118 + 748 + 1,411 Bonds 17,306 + 88 + 2,523 Total bought outright 2 120,036 + 541 -h 3,021 Held under repurchase agreements 1 -- Total U.S. government securities 120,036 ++ 541 ++ 3,021 Total Joans and securities 131,964 + 3,280 + 2,493 Cash items in process of collection ( 3,422) 11,662 + 1,465 859 Bank premises 466 + 34 Other assets 3 9,862 + 233 + 5 013 TOTAL ASSETS ( 3,422) 16flf57T + 4,963 + 6J572 LIABILITIES Federal Reserve notes 122,922 + 648 + 10,753 Deposits: Depository institutions 30,317 + 3,100 . 2,5 83 U.S. Treasury—general account 2,296 . 110 _ 868 Foreign—official accounts 388 + 96 + 46 Other ( 1 ) 341 + 57 153 Total deposits 33,342 + 3,143 . 3,558 Deferred availability cash ite"rns <<33,,442211 )) 7,457 + 1,291 _ 4 25 Other liabilities and accrued dividends 4 1,923 « 132 „. 365 TOTAL LIABILITIES (3,422 ) 165,644 + 4,950 + 6,405 CAPITAL ACCOUNTS Capital paid in 1,230 + 1 + 70 Surplus 1,203 _- + 58 Other capital accounts 294 + 12 + 39 * 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 $ 1,189 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 62 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 foreign exchange commitments. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, April 15, 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 3,121 -- 4,634 337 19 21 16 days to 90 days 80 -- 21,917 + 68 598 + 3 91 days to 1 year 7 — 28,911 + 90 1,824 + 66 Over 1 year to 5 years -- -. 35,241 + 469 4,658 32 Over 5 years to 10 years _- .. 13,918 + 163 936 18 Over 10 years -- -- 1155,,441155 ++ 8888 668855 Total 3,208 — 112200,,003366 ++ 554411 ..88,,772200 2 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 15, 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 445 32 28 21 56 46 46 23 27 16 44 28 78 Loans 3,208 357 2,007 50 55 100 62 279 76 59 110 39 14 Acceptances held under repurchase agreements -- -- -- -- -- -- -- -- -- -- -- -- -- Federal agency obligations: Bought outright 8,720 398 2,267 378 659 716 316 1,370 350 156 409 518 1,183 Held under repurchase agreements 1 -- -- -- -- -- -- -- -- -- -- -- -- -- U.S. government securities: Bought outright—Bills 43,612 1,992 11,336 1,893 3,295 3,582 1,581 6,853 1,753 779 2,044 2,588 5,916 Notes 59,118 2,701 15,367 2,567 4,466 4,856 2,142 9,289 2,375 1,056 2,770 3,509 8,020 Bonds 17,306 791 4,498 751 1,308 1,422 627 2,719 695 309 811 1,027 2,348 Total bought outright 2 120,036 5,484 31,201 5,211 9,069 9,860 4,350 18,861 4,823 2,144 5,625 7,124 16,284 Held under repurchase agreements 1 -- -- -- _- -- -- -- -- -- -- -- -- -. Total U.S. government securities 120,036 5,484 31,201 5,211 9,069 9,860 4,350 18,861 4,823 2,144 5,625 7,124 16,284 Total loans and securities 131,964 6,239 35,475 5,639 9,783 10,676 4,728 20,510 5,249 2,359 6,144 7,681 17,481 Cash items in process of collection 15,084 622 1,648 470 768 2,768 1,899 1,631 761 670 1,519 796 1,532 Bank premises 466 99 21 52 25 92 35 17 14 28 22 14 47 Other assets 3 9,862 320 2,572 405 772 583 646 1,436 313 277 425 613 1,500 Interdistrict settlement account 0 415 + 7,591 - 867 -1,041 - 196 -1,071 - 1,860 - 705 - 669 - 141 + 799 - 1,425 TOTAL ASSETS 171,793 7.614 51.148 S.4QQ 11,425 15r175 6.831 23;920 6*234 2.947 £*£45_ 10.666 20.788 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 $ ° million was outstanding at the end of the latest statement week. 2 Net of $ 1,189 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 62 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 APRIL 15, 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 122,922 6,198 36,311 5,047 9,291- 11,024 3,057 19,101 4,702 1,650 5,827 7,332 13,382 Deposits: Depository institutions 30,317 912 9,870 833 1,163 1,124 2,009 3,297 723 616 1,350 2,276 6,144 U.S. Treasury-general account 2,296 2,296 Foreign—official accounts 388 8 178 11 22 14 21 42 9 9 12 17 45 Other 342 1 295 2 19 2 6 10 1 2 2 2 Total deposits 33,343 921 12,639 844 1,187 1,157 2,032 3,345 742 626 1,364 2,295 6,191 Deferred availability cash items 10,878 322 1,156 315 571 2,677 1,446 752 624 535 1,239 744 497 Other liabilities and accrued dividends —' 1,923 95 351 91 165 169 103 322 82 39 95 127 284 TOTAL LIABILITIES 169,066 7,536 50,457 6,297 11,214 15,027 6,638 23,520 6,150 2,850 8,525 10,498 20,354 CAPITAL ACCOUNTS Capital paid in 1,230 33 311 46 96 63 92 179 37 46 54 76 197 Surplus 1,203 33 306 46 95 62 90 177 36 38 52 74 194 Other capital accounts 294 12 74 11 20 23 11 44 11 13 14 18 43 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 171,793 7,614 51,148 6,400 11,425 15,175 6,831 23,920 6,234 2,947 8,645 10,666 20,788 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 143,023 7,183 40,477 6,881 10,255 12,119 5,271 20,702 5,661 2,249 7,135 9,133 15,957 Less-held by F.R. Banks 20,101 985 4,166 1,834 964 1,095 2,214 1,601 959 599 1,308 1,801 2,575 F. R. Notes, net 122,922 6,198 36,311 5,047 9,291 11,024 3,057 19,101 4,702 1,650 5,827 7,332 13,382 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 108,950 5,481 32,498 4,367 8,229 9,818 2,509 16,938 4,127 1,384 5,195 6,597 11,807 Total collateral 122,922 6,1M 36,311 5,047 9,291 11,024 3,05? 19,101 4,702 1,650 $,M1 7,332 13,382 \J 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