H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Jljgfr FEDERAL RESERVE '•^lIlSl^?'' Factors Affecting Reserves of Depository Institutions and ••^rfcittVF' Condition Statement of F.R. Banks For immediate release April 24, 1981 Averages of daily figures Reserves of depository institutions, Week ended Change from week ended!Wednesday Reserve Bank credit, April 22 April 15, I April 23 , April 22, and related items 1981 1981 | 1980 \ 1981 Reserve Bank credit: (In millions of dollars) U.S. Government securities-- Bought outright--System account 1/ 120,841 + 1,056 955 1/ 120,465 Held under repurchase agreements 1,701 + 1,701 764 5,703 Federal Agency obligations-- Bought outright 8,720 157 8,720 Held under repurchase agreements 119 + 119 150 432 Acceptances-- Bought outright Held under repurchase agreements 156 + 156 Loans-- To depository institutions 864 - 278 - 1,689 1,306 Includes seasonal borrowing of: 149 -- - 10 162 Float 3,000 _ 419 - 540 3,160 Other F.R. assets 10,283 + 136 + 5,020 10.490 Total Reserve Bank credit 145,684 + 2,470 + 4,205 150 722 Gold Stock 11,154 -- - 18 11 154 Special Drawing Rights certif. acct. 2,818 -- - 150 2 818 Treasury currency outstanding 13,524 .+ 8 + 306 13 529 173,180 + 2,478 + 4,343 178,223 Currency in circulation * 135,045 + 62 + 11,305 135,076 Treasury cash holdings * 500 + 4 - 93 500 Treasury deposits with F.R. Banks 3,969 + 936 + 607 3,089 Foreign deposits with F.R. Banks 393 + 46 + 78 319 Other deposits with F.R. Banks 320 + 35 - 305 316 Other F.R. liabilities and capital 4,897 + 4 - 220 4,965 145,123 + 1,085 + 11,371 144,265 _ Reserve balances with F.R. Banks 3_/ 28,057 + 1,392 7,029 33,957 Total vault cash (estimated) 16,155 * 1,526 N/A 16,155 a) Vault cash at institutions with required reserve balances 10,971 - 1,020 + 1,970 10,971 b) Vault cash equal to required reserves at other institutions 1,186 - 8 N/A 1,186 c) S in u s rp ti lu tu s ti v o a n u s l t 4_ c / a sh at other 3,998 _ 498 N/A 3,998 Reserve balances + total vault cash 5/ 44,302 - 132 N/A 50,202 Re u s s e e r d v e to b a s la a n ti c s e f s y + r e t s o e t r a v l e v r a e u q l u t ir c e a m sh e nts 5/6/ 40,304 + 366 _ 5,187 46,204 Required reserves (estimated) 40,739 + 1,119 - 4,515 40,739 Excess reserve balances at F.R. Banks 5/7/ 435 - 753 - 672 5,465 On April 22, 1981, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and interna tional accounts were $100,591 million, an increase of $420 million for the week 1/ Net of $1>203 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $1,203 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. 2/ Net of $1,560 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $1,580 million was with foreign official and international accounts. Includes $112 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. 5J Adjusted to include $9U 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. l_l 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 April 22, 1981 April 15, 1981 Apr il 23, 1980 ASSETS Gold certificate account 11,154 __ _ 18 Special Drawing Rights certif. acct. 2,818 -- - 150 Coin 429 - 16 + 36 Loans 1,306 - 1,902 - 1,656 Acceptances- Held under repurchase aggreements 446 + 446 + 446 Federal agency abligations- Bought outright 8,720 -- . 157 Held under repurchase agreements 1 432 + 432 + 184 U.S. government securities: Bought outright-Bills 44,041 + 429 _ 2,871 Notes 59,118 -- + 1,411 Bonds 1177,,330066 — ++ 2,523 Total bought outright 2 112200,,446655 + 429 ++ 1,063 Held under repurchase agreements 1 5,703 + 5,703 + 5,494 Total U.S. government securities 126,168 + 6,132 + 6,557 Total loans and securities 137,072 + 5,108 + 5,374 Cash items in process of collection (3,576 ) 10,307 - 1,355 786 Bank premises 468 + 2 + 34 Other assets 3 10,022 + 160 + 5,087 TOTALASSETS (3,576 ) 172,270 + 3,899 + 9,5 77 LIABILITIES Federal Reserve notes DDeeppoossiittss:: 122,477 - 445 + 11,022 DDeeppoossiittoorryy iinnssttiittuuttiioonnss 33,957 + 3,640 + 1,254 U.S. Treasury-general account 3,089 + 793 2,123 Foreign—official accounts 319 69 3 Other : i ) 316 . 25 _ 255 Total deposits WWss )) 37,681 + 4,339 1,127 Deferred availability cash items 7,147 - 310 _ 300 Other liabilities and accrued dividends 4 2,252 + 329 _ 96 TOTAL LIABILITIES fe,576 ) 169,557 + 3,913 + 9,499 CAPITAL ACCOUNTS Capital paid in 1,232 + 2 + 73 Surplus 1,203 58 Other capital accounts 278 - 16 53 * 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 $ l,580million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 112 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 22, 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 change's"" Within 15 days 1,290 446 9,559 4,925 501 482 16 days to 90 days 16 23,097 1,180 575 23 91 days to 1 year 28,937 26 1,792 32 Over 1 year to 5 years 35,241 4,658 Over 5 years to 10 years 13,918 982 46 Over 10 years 15,416 644 41 Total 1,306 446 126,168 6,132 9,152 "4~32" 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 22, 1981 Millions of dollars Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis K C an it s y a s Dallas Fra S n a c n is co ASSETS Gold certificate account 11,154 567 3,163 531 805 947 436 1,671 450 189 534 628 1,233 Special Drawing Rights certif. acct. 2,818 140 807 120 215 245 83 441 110 41 131 163 322 Coin 429 30 25 21 56 44 42 21 26 16 42 27 79 Loans 1,306 81 440 62 26 88 11 115 100 39 61 29 254 Acceptances held under repurchase agreements 446 446 Federal agency obligations: Bought outright 8,720 371 2,539 312 633 696 277 1,331 323 130 399 546 1,163 Held under repurchase agreements 1 432 432 U.S. government securities: Bought outright—Bills 44,041 1,875 12,822 1,576 3,197 3,515 1,400 6,723 1,633 659 2,014 2,755 5,872 Notes 59,118 2,516 17,211 2,116 4,292 4,720 1,878 9,025 2,191 884 2,704 3,699 7,882 Bonds 17,306 737 5,038 619 1,256 1,382 550 2,642 641 259 792 1,083 2,307 Total bought outright 2 120,465 5,128 35,071 4,311 8,745 9,617 3,828 18,390 4,465 1,802 5,510 7,537 16,061 5,703 5,703 126,168 5,128 40,774 4,311 8,745 9,617 3,828 18,390 4?465 1,802 5,510 7,537 16,061 Total loans and securities 137,072 5,580 44,631 4,685 9,404 10,401 4,116 19,836 4,888 1,971 5,970 8,112 17,478 Cash items in process of collection 13,883 763 743 623 781 2,903 1,693 1,290 910 734 1,395 856 1,192 Bank premises 468 99 21 53 25 92 35 17 14 28 22 14 48 Other assets 3 10,022 324 2,752 406 749 583 640 1,434 315 273 430 603 1,513 Interdistrict settlement account -0- + 635 -2,074 - 319 +701 + 368 + 138 - 522 -105 -236 + 532 -1- 504 + 372 TOTAL ASSETS 1 175.846 1 8.138 50.068 M2Q 12.736 15,593 7.183 24.188 6.608 3.022 9.Q56 1Q.9QL ...22.237 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 $ 1,580 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 112 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 22f 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 ,477 6,185 36 ,008 4 ,957 9 ,091 10 ,975 3 ,268 19 ,000 4,686 1,633 5,839 7,369 13,466 Deposits: Depository Institutions 33 ,957 1,415 8 ,724 563 2 ,492 1 ,593 2 ,307 3 ,734 922 634 1,732 2,556 7,285 U.S. Treasury -general account 3 ,089 -- 3 ,089 -- -- -- -_ -. -- -- -- • -- Foreign—official accounts 319 8 109 11 22 14 21 42 9 9 12 17 45 Other 317 -- 281 -- 1 18 2 9 -- 1 2 1 2 Total deposits 37 ,682 1,423 12 ,203 574 2 ,515 r, 625 —y ,330 3 ,785 931 644 1,746 2,574 7,332 Deferred availability cash items 10 ,722 363 442 409 758 2 .671 1 ,297 691 831 614 1,259 661 726 Other liabilities and accrued dividends 1/ 2 .252 90 723 79 162 165 96 315 76 34 94 135 283 TOTAL LIABILITIES 173 ,133 8,061 49 ,376 6 ,019 12 ,526 15*, 436 5",9 91 ~~23 ,791 6,524 2,925 8,938 10,739 21,807 CAPITAL ACCOUNTS Capital paid in 1 ,232 33 311 46 96 63 92 179 37 47 54 76 198 Surplus 1 ,203 33 306 46 95 62 90 177 36 38 52 74 194 Other capital accounts 278 11 75 9 19 22 10 41 11 12 12 18 38. TOTAL LIABILITIES AND CAPITAL ACCOUNTS 175 846 8,138 50 ,068 6 ,120 12 ,736 15 ,583 7 ,183 24 ,188 6,608 3,022 9,056 10,907 22,237 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 143 324 7,184 40 ,356 6 ,990 10 ,104 12 ,198 5 ,605 20 ,581 5,657 2,232 7,146 9,219 16,052 -Held by F.R.Banks 20 ,847 999 4 .348 2 .033 1 .013 1 .223 2, .337 L. 581 971 599 1.307 1.850 2.586 F. R. Notes, Net: 122 477 6,185 36 ,008 4 ,957 9 ,091 10 ,975 3 ,268 19 ,000 4,686 1,633 5,839 7,369 13,466 Collateral held against F.R. notes: Gold certificate account 11 154 567 3 ,163 531 805 947 436 1 ,671 450 189 534 628 1,233 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. ,505 5.478 -2L .038 4 .306 8 .071 L .783 L .749 -J6, .888 4.126 1.403 5.174 6.578 11.911 Total collateral 122, 477 6,185 _J6, ,008 -JL L957 _L ,091 10, ,975 3L.2 68 _J^ ,ooo *,686 1.633 5,839 7.369 13.466 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