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 H.4.1 For immediate rtlim August 14, 1981 Averages of dally figures Reserves of Depository Institutions, Week ended Change from wttk ended Wednesday Reserve Bank credit, August 12 August 5, August It, August 12, Res a e n r d v e r e B la a t n e k d cr i e t d e i m t s : 1/ W> In mill l i ? o v n l s of dollars Wl • U.S. Government securities- Bought outright—System account 122,967 + 1,285 + 5,363 122,710 Held under repurchase agreements 1,343 Federal Agency obligations— Bought outright 8,694 179 8,694 Held under repurchase agreements 247 Acceptances- Bought outright * Held under repurchase agreements 303 Loans— To depository institutions 1,271 153 877 1,321 Includes seasonal borrowing of: 223 4 217 222 Float 3 601 822 - 1,780 3,933 Other F.R. assets 9 635 17 + 3.804 9.737 Total Reserve Bank credit 146 168 384 + 8,086 146,395 Gold Stock 11 154 - 18 11,154 Special Drawing Rights certlf. acct. 3 ,068 - 93 3,068 Treasury currency outstanding 13 606 + 297 13.609 173,996 + 390 + 8,272 174,226 Currency in circulation *- 139,034 1,018 + 9,848 139,575 Treasury cash holdings * 450 1 38 450 Treasury deposits with F.R. Banks 3,614 653 + 275 3,075 Foreign deposits with F.R. Banks 279 9 21 241 Other deposits with F.R. Banks 446 156 92 454 Other F.R. liabilities and capital 4,560 204 + 156 4.414 148,383 1,321 + 10,128 148,209 Reserve balances with F.R. Bsnks 3/ 25,613 931 - 1,856 26,017 Total vault cash (estimated) "" 19,048 360 N/A 19,048 a) Vault cash at institutions with required reserve balances 13,054 + 206 + 2,695 13,054 b) Vault cash equal to required reserves at other institutions 1,383 + 60 N/A 1,383 c) Surplus vault cash at other institutions V 4,611 + 94 N/A 4,611 Reserve balances + total vault cash 5/ 44,715 - 573 N/A 45,119 Reserve balances + total vault cash ~ used to satisfy reserve requirements 5/6/ 40,104 667 705 40,508 Required reserves (estimated) ~" 39,882 510 577 39,882 Excess reserve balances at F.R. Banks \JTJ 222 - 157 128 626 On August 12, 1981, marketable U.S. ii,vfjr,tl„,K securities held <„ custody by the Federal Reserve Banks for foreign official and interna tional accounts were $91,507 million, a decrease of $2,513 million for the week. * 1/ Net of $2,917 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $2,917 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S Government securities. 2/ Tt\ll * * I ? , •atChed •*1*-P«<*aae transactions outstanding at the end of the latest statement week, of which a net of $3,445 million was with foreign official and international accounts. Includes $195 million securities loaned—fully secured by U.S Government securities. 2/ Includes reserve balances of all depository institutions. 4/ Total vault cash at institutions without required reserve balances less vault cash equal to their required reserves. bj Adjusted to include $54 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 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. II Reserve balances with Federal Reserve Banks plus vault cash used to satisfy reserve requirements less required reserves. (This measure of p"uKbl^iVsh!ed 8? h!i™st 8 o r 1 i S c a c l o l m yP. a ) ra ble t0 the old excess reserve cocnocnecpetp t 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 AAuugguusstt 1122,, 11998811 August 5, 1981 August 13, 1980 ASSETS Gold certificate account 11,154 18 Special Drawing Rights certif. acct. 3,068 200 Coin 370 + 2 42 Loans 1,321 483 + 400 Acceptances- Held under repurchase aggreements Federal agency abligations- Bought outright 8,694 179 Held under repurchase agreements 1 U.S. government securities: 45,310 18 + 4,772 Bought outright—Bills 59,609 + 1,435 Notes 17,791 + 1,688 Total bought ou B t o ri n g d h s t 2 122,710 + 18 7,895 -- Held under repurchase agreements 1 122,710 + 18 7,895 Total U.S. government securities 132,725 - 465 + 8,116 Total loans and securities (3,200 ) 10,076 - 2,327 - 1,916 Cash items in process of collection 481 + 4 + 35 Bank premises 9,256 - 162 + 3,794 Other assets 3 (3,200 ) 167,130 - 2,948 9,769 TOTAL ASSETS LIABILITIES Federal Reserve notes 126,786 679 + 9,581 Deposits: Depository institutions 26,017 - 2,265 + 433 U.S. Treasury—general account 3,075 + 139 - 398 Foreign—official accounts 241 + 36 + 4 Other 1 ) 454 - 344 + 56 Defer T re o d ta a l v d a e i p la o b s i i l t i s ty cash items < > 3,199 l ) i> 2 6 9 , , 1 7 4 8 3 7 - - 2 1, , 1 4 7 3 9 4 + - 6 9 6 5 Other liabilities and accrued dividends 4 1,633 - 79 - 62 TOTAL LIABILITIES (3,200 ) 164,349 - 3,013 + 9,548 CAPITAL ACCOUNTS Capital paid in 1,252 + 1 + 76 Surplus 1,203 -- + 58 Other capital accounts 326 + 64 + 87 * 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 $3,445 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 195 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-trans la t ion account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. MATURITY DISTRIBUTION OF LOANS AND SECURITIES August 12, 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 1,220 5,520 129 100 100 16 days to 90 days 101 23,207 1,157 618 100 91 days to 1 year 31,166 1,010 1,711 Over 1 year to 5 years 33,813 4,649 Over 5 years to 10 years 13,106 1,015 Over 10 years 15,898 Total 1,321 122771^ 18 601 8,694 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 August 12, 1981 Millions of dollars Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San City Francisco ASSETS Gold certificate account 11,154 817 3,163 531 805 947 436 1,571 450 189 534 628 1,083 Special Drawing Rights certif. acct. 3,068 153 879 130 234 266 91 480 119 45 142 178 351 Coin 370 19 23 11 48 43 47 13 26 13 32 28 67 Loans 1,321 121 57 16 173 297 49 179 50 103 145 48 83 Acceptances held under repurchase agreements -- -- ~~ •"~ ~~ " ~ ~ " ~~ - — - - - - ""T Federal agency obligations: Bought outright 8,694 370 2,531 311 631 694 276 1,328 322 130 398 544 1,159 Held under repurchase agreements 1 -- -- -- -- -- -- -- -~ ~~ -" -- ~~ •*• U.S. government securities: Bought outright—Bills 45,310 1,929 13,190 1,622 3,289 3,617 1,440 6,917 1,679 678 2,072 2,835 6,042 Notes 59,609 2,537 17,354 2,133 4,328 4,759 1,894 9,100 2,210 892 2,726 3,729 7,947 Bonds 17,791 757 5,180 637 1,292 1,420 565 2,716 659 266 814 1,113 2,372 Total bought outright 2 122,710 5,223 35,724 4,392 8,909 9,796 3,899 18,733 4,548 1 ,836 5,612 7,677 16,361 Held under repurchase agreements 1 -- -- -- -- -- -- -- -- -- -- -- -- -- Total U.S. government securities 122,710" 5,223 35,724 4,392 8,909 9,796 3,899 18,733 4,548 T, 836 5,612 7,677 16,361 Total loans and securities 132,725 5,714 38,312 4,719 9,713 10,787 4,224 20,240 4,920 2 ,069 6,155 8,269 17,603 Cash items in process of collection 13,276 434 1,778 492 637 2,380 1,551 1,494 641 586 1,355 1,264 664 Bank premises 481 99 21 52 26 95 36 17 14 28 22 15 56 Other assets 3 9,256 305 2,531 379 685 568 586 1,323 295 239 404 570 1,371 Interdistrict settlement account -0- - 27 + 3,605 - 246 -1,001 2 - 1,127 - 884 - 347 - 313 + 117 + 217 + 8 TOTAL ASSETS 170.330 7,514 50,312 6,068 11,147 15,084 5,844 24,254 6,118 2 ,856 8,761 11,169 21,203 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 $ 3,445 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 195 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 August 12, 1981 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City Francisco LIABILITIES Federal Reserve notes 126,786 6,446 38,237 5,031 9,127 11,492 2,701 19,611 4,756 1,486 6,206 7,844 13,849 Deposits: Depository Institutions 26,017 598 6,635 611 1,258 921 1,732 3,085 696 731 1,162 2,204 6,384 U.S. Treasury -general account 3,075 3,075 Foreign—official accounts 241 6 85 8 16 10 16 31 6 7 9 13 34 Other 455 372 1 22 2 51 4 2 1 Total deposits 29,788 604 10,167 619 1,275 953 1,750 3,167 706 738 1,173 2,218 6,418 Deferred availability cash items 9,342 293 1,173 240 374 2,314 1,095 739 491 498 1,159 780 186 Other liabilities and accrued dividends* 1,633 93 20 78 157 174 102 334 81 35 100 148 311 TOTAL LIABILITIES 167,549 7,436 49,597 5,968 10,933 14,933 5,648 23,851 6,034 2,757 8,638 10,990 20,764 CAPITAL ACCOUNTS Capital paid in 1,252 33 317 47 96 64 94 180 37 47 55 81 201 Surplus 1,203 33 306 46 95 62 90 177 36 38 52 74 194 Other capital accounts 326 12 92 7 23 25 12 46 11 14 16 24 44 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 170,330 7,514 50,312 6,068 11,147 15,084 5,844 24,254 6,118 2,856 8,761 11,169 21,203 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 148,027 7,545 42,854 7,415 9,971 12,616 5,407 21,015 5,619 2,133 7,490 9,837 16,125 .ess-Held by F.R. Banks 21,241 1,099 4,617 2,384 844 1,124 2,706 1,404 863 647 1,284 1,993 2T276 F.R. ifotes, Net 126,786 6,446 38,237 5,031 9,127 11,492 2,701 19,611 4,756 1,486 6,206 7,844 13,849 Collateral held against F.R. notes: Gold certificate account 11,154 817 3,163 531 805 947 436 1,571 450 189 534 628 1,083 Special Drawing Rights certif. acct. 3,068 153 879 130 234 266 91 480 119 45 142 178 351 Other eligible assets U.S. govt, and agency securities 112,564 5,476 34,195 4,370 8,088 10,279 2,174 17,560 4,187 1,252 5,530 7,038 12,415 Total collateral 126,786 6,446 38,237 5,031 9,127 11,492 2,701 19,611 4,756 1,486 6,206 7,844 13,849 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