H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Reserves of Depository Institutions and ?«;ii «**.-• Condition Statement of F.R. Banks For immediate release August 28, 1981 Averages of dally ffgu res Reserves of Depository Institutions, Week ended Change from week ended Wednesday Reserve Bank credit, Aug* 26, Aug. 19 1 Aug*27, Aug* 26, and related items 1981 * 1 1981 | 1980 1961 * Reserve Bank credit: (In millions of c! o liars.]) U.S. Government securities-- 1/ 2/ Bought outright--System account 125,207 + 799 + 5,463 122,829 Held under repurchase agreements 594 - 495 + 594 " Federal Agency obligations-- Bought outright 8,694 __ 179 8,694 Held under repurchase agreements 86 - 101 +' 86 -- Acceptances-- Bought outright Held under repurchase agreements 89 - 125 + 89 " Loans-- To depository institutions 1,726 + 269 + 1,025 1,482 Includes: seasonal borrowing of 246 + 15 + 265 253 extended credit of 155 + 96 46 172 Float 2,206 - 517 - 3,280 2,885 Other F.R. asset9 8,754 - 662 + 3,820 8,939 Total Reserve Bank credit 147,357 - 832 + 7,618 144,829 Gold Stock 11,154 -- 17 11,154 Special Drawing Rights certif. acct. 3,068 -- 200 3,068 Treasury currency outstanding 13,609 -- ++ 229966 13,609 175,188 r~~ 832 ++ 77,,669977 172,660 _ Currency in circulation *•* 138,138 777 + 9,210 138,239 Treasury cash holdings ** 454 + 2 17 455 Treasury deposits with F.R. Banks 3,106 4- 132 - 734 3,139 Foreign deposits with F.R. Banks 277 + 1 12 263 Other deposits with F.R. Banks 487 + 27 + 79 503 Required clearing balances 43 + 1 + 43 43 Other F.R. liabilities and capital 4,843 - 81 + 371 4,591 147,349 - 695 + 8,940 147,233 Reserve balances with F.R. Banks 3/ 27,838 - 138 - 1,246 25,427 Total vault cash (estimated) 17,995 + 84 N/A 17,995 a) Vault cash at institutions with required reserve balances 12,164 - 16 + 2,476 12,164 b) Vault cash equal to required reserves at other institutions 1,448 c) Surplus vault cash at other institutions 4/ 4,383 42 N/A 4 383 Reserve balances + total vault cash 5/ 45,884 56 N/A 43 473 Reserve balances + total vault cash used to satisfy reserve requirements 5/67 41,501 14 + 1,091 39 090 Required reserves 41,281 17 + 996 41 281 Excess reserve balances at F.R. Banks 5/7/ 220 3 + 95 2 191 On August 26, 1981, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and interna tional accounts were $ 91,648 million, a decrease of §104 million for the week. 1/ Net of $ 1,746 million, daily average, matched sale-purchase trans actions outstanding during the latest statement week, of which a net of $1,382 0111110" was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. 2/ Net of $ 4,123 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 1,578 million was with foreign official and international accounts. Includes $180 million securities loaned—fully secured by U.S. Government securities. 3/ Excludes required clearing balances. 4/ Total vault cash at institutions without required reserve balances ~ less vault cash equal to their required reserves. 5/ Adjusted to include $51 million waivers of penalties for reserve ~~ deficiencies in accordance with Board policy effective November 19, 1975. 6/ Reserve balances with Federal Reserve Banks (which exclude required ~~ clearing balances) plus vault cash at institutions with required reserve balances plus vault cash equal to required reserves at other institutions. 7/ Reserve balances with Federal Reserve Banks (which exclude required "~ clearing balances) plus vault cash used to satisfy reserve require ments 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 **** August 26, 1981 August 19, 1981 August 27, 1980 ASSETS Gold certificate account I 11,154 _» _ 17 Special Drawing Rights certif. acct. 3,068 -- - 200 Coin 374 + 3 - 28 Loans 1,482 - 432 - 1,090 Acceptances- -- -- Held under repurchase aggreements 154 Federal agency abligations— Bought outright 8,694 — 179 Held under repurchase agreements 1 -- - 292 -- U.S. government securities: Bought outright-Bills 45,429 - 2,326 + 2,250 Notes 59,429 -- + 726 Bonds 1177..997711 ++ 1,163 Total bought outright 2 112222,,882299 - 2,326 ++ 4,139 Held under repurchase agreements 1 -- 992277 -- __ Total U.S. government securities 122,829 33..225533 + 4,139 Total loans and securities 133,005 - 4,131 + 2,870 Cash items in process of collection (3,089) 8,432 - 599 - 2,197 Bank premises 485 + 3 + 36 Other assets 3 8.454 + 84 + 3,738 TOTAL ASSETS (3,089) 164.972^ z_ 4.640 + 4,202 LIABILITIES Federal Reserve notes 125,459 - 724 + 8,585 Deposits: Depository Institutions 25,470 - 3,631 - 3,820 U.S. Treasury—general account 3,139 + 35 - 610 Foreign—official accounts 263 + 56 + 64 Other 503 + 69 + 121 Total deposits 29,375 - 3,471 - 4,245 Deferred availability cash items (3,089 ) 5,547 - 281 - 362 Other liabilities and accrued dividends 4 1.786 - 160 - 17 TOTAL LIABILITIES (3,089 ) 162,167 - 4,636 - 3,961 CAPITAL ACCOUNTS Capital paid in 1,254 -- + 74 Surplus 1,203 — + 58 Other capital accounts 348 4 + 109 * 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 dinter national accounts, of which $ -0- million was outstanding at the end of the latest statement week. 2 Net of $ 4,123 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 180 million securities loaned-fully secured by U.S. government securities. 3 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes special investment account at Ghicago of $.7.6 miUtoa in Treasury Bills maturing within 90 days. 4 Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. ** Estimated ?Dallas District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES August 26, 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 obligation:; Loans Acceptances Holdings | Weekly changes" Holdings | Weekly changes Within 15 days 1,442 4,404 1,615 195 259 16 days to 90 days 40 22,619 1,824 424 132 91 days to 1 year 33,370 186 1,821 110 Over 1 year to 5 years 34,714 4,638 11 Over 5 years to 10 years 11,519 1,015 Over 10 years 16.203 601 Total 1.482 122.829 3,253 8,694 292 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 26, 1981 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas* 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 374 21 27 11 48 41 46 16 25 13 31 26 69 Loans 1,482 11 192 52 38 386 64 208 62 91 209 104 65 Acceptances held under repurchase agreements -- .- -- -- -- -- -- -- -- -- -- -- -- 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 45,429 1,934 13,226 1,626 3,298 3,627 1,444 6,935 1,683 679 2,078 2,843 6,056 Notes 59,429 2,530 17,301 2,127 4,314 4,744 1,888 9,073 2,203 889 2,718 3,718 7,924 Bonds 17.971 765 5.232 643 1.305 1.435 571 2.743 666 269 822 1.124 2.396 Total bought outright 2 122,829 5,229 35,759 4,396 8,917 9,806 3,903 18,751 4,552 1,837 5,618 7,685 16,376 Held under repurchase agreements 1 -- -- -- -- -- -- -- -- -- -- -- -- -- Total U.S. government securities 122,829 5,229 35,759 4,396 8,917 9,806 3,903 18,751 4,552 1,837 5,618 7,685 16,376 Total loans and securities 133,005 5,610 38,482 4,759 9,586 10,886 4,243 20,287 4,936 2,058 6,225 8,333 17,600 Cash items in process of collection 11,521 347 1,372 321 525 2,306 1,378 1,279 586 579 1,160 1,023 645 Bank premises 485 99 21 52 26 96 36 17 14 28 22 15 59 Other assets 3 8,454 263 2,236 356 632 475 543 1,253 255 226 440 538 1,237 Interdistrict settlement account -0- + 43 +3.616 - 251 - 938 + 166 -1.251 513 - 386 - 481 + 158 + 276 - 439 TOTAL ASSETS 168,061 1 7.353 49.796 5,909 10,918 TSJHl 1, W 94, ^(T~ S;QQQ 2,*>w : ft,71? 11,017— 70 ftps 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 $ 4,123 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $180 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 AUGUST 26, 1981 Millions of dollars total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas * San City Francisco LIABILITIES Federal Reserve notes 125,459 6,324 37,654 4,795 8,984 11,439 2,607 19,508 4,672 1,429 6,213 7,900 13,934 Deposits: Depository Institutions 25,470 591 6,711 740 1,175 1,182 1,577 3,380 682 570 1,198 1,928 5,736 U.S. Treasurey-general account 3,139 -- 3,139 -- -- -- -- -- — -- -- -- •-- Foreign—official accounts 263 6 107 8 16 11 16 31 6 7 9 13 33 Other 503 -- 403 -- 1 13 1 78 2 -- r-i 1 3 .Total deposits 29,375 597 10,360 748 1,192 1,206 1,594 3,489 690 577 1,208 1,942 5,772 Deferred availability cash items 8,636 252 989 177 342 2,200 1,023 630 467 513 1,059 837 147 Other liabilities and accrued dividends 1/ 1?786 101 72 85 186 186 98 358 85 39 107 158 311 TOTAL LIABILITIES 165,256 7,274 49,075 5,805 10,704 15,031 5,322 23,985 5,914 2,558 8,587 10,837 20,164 CAPITAL ACCOUNTS Capital paid in 1,254 33 317 47 96 64 95 180 37 47 56 81 201 Surplus 1,203 33 306 46 95 62 90 177 36 38 52 74 194 Other capital accounts 348 13 98 11 23 26 15 48 12 14 17 25 46 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 168,061 7,353 49,796 5,909 10,918 15,183 5,522 24,390 5,G99 2,657 8,712 11,017 20,605 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 149,102 7,456 43,315 7,525 10,028 12,649 5,454 21,075 5,664 2,100 7,606 9,844 16,386 Less-Held by F.R. Banks and Branches* etc. 23,643 1,132 5,661 2,730 1,044 1,210 2,847 1,567 992 671 1,393 1,944 2,452 F.„R. Notes, Net 125,459 6,324 37,654 4,795 8,984 11,439 2,607 19,508 4,672 1,429 6,213 7,900 13,934 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 111,237 5,354 33,612 4,134 7,945 10,226 2,080 17,457 4,103 1,195 5,537 7,094 12,500 Totai collateral 125,459 6,324 37,654 4,795 8,984 11,439 2,607 19,508 4,672 1,429 6,213 7,900 13,934 1/ Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. Includes special investment account at Chicago of $76 million in Treasury Bills maturing within 90 days. * Estimated (Dallas District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis