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 release September 4, 1981 Averages of daily figures Reserves of Depository Institutions, Week ended Change from week ended Wednesday Reserve Bank credit, Sept. 2, Aug. 26, Sept. 3, Sept. 2, and related items 1981 1 1981 1980 1981 Reserve Bank credit: (In millions of dollars) U.S. Government securities-- 1/ 2/ Bought outright--System account 124,907 - 300 +5,837 124,917 Held under repurchase agreements — - 594 - 476 — Federal Agency obligations— __ Bought outright 8,694 - 179 8,694 Held under repurchase agreements - 86 -' 275 "• •" Acceptancea-- Bought outright "" Held under repurchase agreements - 89 - 158 Loans-- . •"- To depository institutions 1,448' 278 + 100 2,285 Includes: seasonal borrowing of 246 -- + 224 221 extended credit of 190 + 35 8 227 Float 2,763 + 615 -1,425 3,247 Other F.R. assets 8,789 + 35 +3,659 8,490 Total Reserve Bank credit 146,601 - 698 +7,081 147,633 Gold Stock 11,154 -- 18 11,154 Special Drawing Rights certlf. acct. 3,068 -- - 200 3,068 Treasury currency outstanding 13,612 + 3 + 124 13,620 174,435 - 695 +6,987 175,475 _ Currency in circulation * 137,975 165 +8,242 138,615 Treasury cash holdings * 447 - 6 - 21 450 Treasury deposits with F.R. Banks 3,419 + 313 + 713 3,778 Foreign deposits with F.R. Banks 295 + 18 - 33 286 Other deposits with F.R. Banks 579 + 92 + 170 541 Required clearing balances 45 + 2 + 45 45 Other F.R. liabilities and capital 4,791 - 52 + 282 4,588 147,551 + 202 +9,398 148,303 -Reserve balances with F.R. Banks 3) 26,884 - 896 -2,410 27,172 Total vault cash (estimated) 18,689 + 694 N/A 18,689 a) Vault cash at institutions with required reserve balances 12,705 + 541 +2,572 12,705 b) Vault cash equal to required reserves at other institutions 1,459 + 11 N/A 1,459 c) Surplus vault cash at other institutions 4/ 4,525 + 142 N/A 4,525 Reserve balances + total vault cash 3/5/ 45,621 - 205 N/A 45,909 Reserve balances + total vault cash ~~ . used to satisfy reserve requirements 5/66// 41,096 347 + 21 41,384 Required reserves 40,831 - 450 + 230 40,831 Excess reserve balances at F.R. Banks 5/7// 265 + 103 - 209 553 On September 2, 1981, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and interna tional accounts were $91,837 million, an increase of $189 million for the week. 1/ Net of $1,829 million, daily average, matched sale-purchase trans- ~ actions outstanding during the latest statement week, of which a net of $1,829 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. 2/ Net of $1,431 million matched sale-purchase transactions outstanding ~ at the end of the latest statement week, of which a net of $1,431 million was with foreign official and international accounts. Includes $303 million securities loaned—fully secured by U.S. Government securities. 3/ Exclude 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 $48 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 is 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 September 2, 1981 August 26 , 1981 Septembei 3, 1980 ASSETS Gold certificate account 11,154 _ 18 Special Drawing Rights certif. acct. 3,068 _-. _ 200 Coin 381 + 7 - 9 Loans 2,285 + 803 + 1,441 Acceptances- .. Held under repurchase aggreements Federal agency abligat ons- Bought outright 8,694 _« 179 Held under repurchase agreements 1 -- -- U.S. government securities: Bought outright-Bills 47,517 + 2,088 + 6,267 Notes 59,429 -- + 726 Bonds 1177,,997711 -- ++ 1,163 Total bought outright 2 112244,,991177 + 2,088 ++ 8,156 Held under repurchase agreements1 -- -- Total U.S. government securities 124,917 + 2,088 + 8,156 Total loans and securities 135,896 + 2,891 + 9,418 Cash items in process of collection (3,279 ) 9,291 + 851 - 4,707 Bank premises 484 - 1 + 35 Other assets 3 8,006 - 448 + 3_,_385 TOTAL ASSETS (3,279 ) 168,280 + 3,300 + 7,904 LIABILITIES Federal Reserve notes 125,826 + 367 + 7,972 Deposits: Depository institutions 27,217 + 1,747 + 467 U.S. Treasury -^genera I account 3,778 + 639 + 1 174 Foreign—official accounts 286 + 23 + 9 Other C 1 ) 5£L_ _± ia_ ± 123_ Total deposits C 1 ) 31,822 + 2,447 + 1 773 Deferred availability cash items (3,278 ) 6,044 + 489 2 135 Other liabilities and accrued dividends 4 1,799 + 13 + 98 TOTAL LIABILITIES [3,279 ) 165,491 + 3,316 _ 7,708 CAPITAL ACCOUNTS Capital paid in 1,256 + 2 + 76 Surplus 1,203 _» + 58 Other capital accounts 330 - 18 + 62 Figures in parentheses are the eliminations made in the consolidating process. 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. Net of $1,431 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $303 million securities loaned—fully secured by U.S. government securities. Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes special investment account at Chicago of $73 million in Treasury Bills maturing within 90 days. Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, September 2, 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 2,154 6,350 + 1,946 133 62 16 days to 90 days 131 22,825 + 206 629 205 91 days to 1 year 33,302 68 1,690 131 Over 1 year to 5 years 34,718 4 4,626 12 Over 5 years to 10 years 11,519 1,015 Over 10 years 16,203 601 Total 2,285 124,917 2,088 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 September 2, 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 381 21 24 15 47 43 48 16 25 13 31 29 69 Loans 2,285 159 1,174 49 14 217 48 166 64 78 156 42 118 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 47,517 2,022 13,834 1,700 3,450 3,794 1,510 7,254 1,761 711 2,173 2,973 6,335 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 2 124,917 5,317 36,367 4,470 9,069 9,973 3,969 19,070 4,630 1,869 5,713 7,815 16,655 Held under repurchase agreements 1 -- -- -- -- -- -- -- -- -- -- -- -- -- Total U.S. government securities 124,917 5,317 36,367 4,470 9,069 9,973 3,969 19,070 4,630 1,869 5,713 7,815 16,655 Total loans and securities 135,896 5,846 40,072 4,830 9,714 10,884 4,293 20,564 5,016 2,077 6,267 8,401 17,932 Cash items in process of collection 12,570 391 1,255 407 523 2,520 1,606 1,406 570 670 1,472 1,193 557 Bank premises 484 99 21 52 26 96 36 17 14 28 22 14 59 Other assets 3 8,006 406 2,082 396 564 481 539 1,161 235 204 330 479 1,129 Interdistrict settlement account -0- + 67 +4.424 - 559 - 994 + 29 -1.378 - 1.691 - 474 - 315 - 31 - 236 + 1,158 TOTAL ASSETS 1 171.559" 1 7.800 51.920 5.802 10.919 15,266 5,671 23,524 5.955 2.911 9.7$7 1Q.$8<? 22,338 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 $ 1,431 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 303 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 Chicago of $73 million in Treasury Bills maturing within 90 days. 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 SEPTEMBER 2, 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 LIABILITIES Federal Reserve notes 125,826 6,330 37,894 4,792 9,018 11,488 2,552 19,521 4,668 1,419 6,226 7,923 13,995 Deposits: Depository institutions 27,217 1,005 7,808 607 1,092 1,010 1,666 2,552 634 764 1,057 1,632 7,390 U.S. Treasury -general account 3,778 3,778 Foreign—official accounts 286 7 94 10 20 13 19 38 8 8 11 16 42 Other 542 1 429 30 2 75 1 2 1 1 Total deposits 31,823 1,013 12,109 617 1,112 1,053 1,687 2,665 642 773 1,070 1,649 7,433 Deferred availability cash items 9,322 281 1,134 206 394 2,354 1,136 584 474 584 1,241 779 155 Other liabilities and accrued dividends 1/ 1,799 98 64 84 183 220 96 353 86 37 106 155 317 TOTAL LIABILITIES 168,770 7,722 51,201 5,699 10,707 15,115 5,471 23,123 5,870 2,813 8,643 10,506 21,900 CAPITAL ACCOUNTS Capital paid in 1,256 33 317 47 96 64 97 180 37 47 56 81 201 Surplus 1,203 33 306 46 95 62 90 177 36 38 52 74 194 Other capital accounts 330 12 96 10 21 25 13 44 12 13 16 25 43 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 171,559 7,800 51,920 5,802 10,919 15,266 5,671 23,524 5,955 2,911 8,767 10,686 22,338 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 149,196 7,414 43,470 7,501 10,063 12,579 5,366 21,106 5,697 2,090 7,682 9,833 16,395 Less-Held by F.R. Banks 23,370 1,084 5,576 2,709 1,045 1,091 2,814 1,585 1,029 671 1,456 1,910 2,400 FF..RR.. NNootteess,, NNeett 125,826 6,330 47,894 4,792 9,618 11,488 2,552 19,521 4,666 1,419 6,226 >,923 15,995 ::oollllaatteerraall hheelldd aaggaaiinnsstt FF..RR.. nnootteess:: GGoolldd cceerrttiiffiiccaattee aaccccoouunntt 11,154 817 3,163 531 805 947 436 1,571 450 189 534 628 1,083 SSppeecciiaall DDrraawwiinngg RRiigghhttss cceerrttiiff.. aacccctt.. 3,068 153 879 130 234 266 91 480 119 45 142 178 351 OOtthheerr eelliiggiibbllee aasssseettss UU..SS.. ggoovvtt,, aanndd aaggeennccyy sseeccuurriittiieess 111,604 5,360 33,852 4,131 7,979 10,275 2,025 17,470 4,099 1,185 5,550 7,117 12,561 TToottaall ccoollllaatteerraall 125,826 6*330 37,894 4,792 9,018 11,488 2,552 19,521 4,668 1,419 ...6,.226_ 7,923 13,995 J7 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