H.4.1 Factors Affecting Reserve Balances of Depository Institutions

-•oo^o;/ FEDERAL RESERVE •^LW*'- Factors Affecting Reserves of Depository Institutions and Condition Statement of F.R. Banks H.4.1. For immediate release September 11, 1981 Averages of daily figures (millions of dollars) RReesseerrvveess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss,, WWeeeekk eennddeedd Change from week ended WWeeddnneessddaayy RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss SSeepptteemmbbeerr 99,, September ~2"j September 10, SSeepptteemmbbeerr 99,, 11998811 1981 1980 11998811 Reserve Bank credit: 1 2 U.S. government securities- Bought outright-system account 123,583 1,324 + 5,023 124,572 Held under repurchase agreements Federal agency obligations- Bought outright 8,694 166 8,694 Held under repurchase agreements Acceptances- Bought outright Held under repurchase agreements Loans to depository institutions 1,585 + 137 + 991 1,716 Includes: seasonal borrowing of 217 29 + 203 216 extended credit of 236 + 46 + 179 255 Float 2,277 474 3,719 162 Other F.R. assets 8,226 563 + 3,189 11^230 Total Reserve Bank credit 144,365 2,224 + 5,317 146,374 Gold stock 11,154 17 11,154 Special Drawing Rights certificate account 3,068 200 3,068 Treasury currency outstanding 13,620 + 8 + 292 13,620 172,207 2,216 + 5,392 174,216 Currency in circulation* 138,994 + 1,020 + 8,785 139,844 Treasury cash holdings* 450 + 4 18 450 Treasury deposits with F.R. Banks 2,767 652 266 3,471 Foreign deposits with F.R. Banks 346 + 51 + 5 254 Other deposits with F.R. Banks 475 104 + 110 492 Required clearing balances 1 50 + 5 + 50 50 Other F.R. liabilities and capital 4,820 + 29 + 38 7 5,172 147,901 + 350 + 9,053 149,733 Reserve balances with F.R. Banks 3 24,306 2,566 3,661 24,483 Total vault cash 19,160 + 471 N/A 19,160 (a) Vault cash at institutions with required reserve balances 13,146 + 441 4- 3,146 13,146 (b) Vault cash equal to required reserves at other institutions 2,068 + 609 N/A 2,068 (c) Surplus vault cash at other institutions4 3,946 579 N/A 3,946 Reserve balances + total vault cash3-5 43,514 2,095 N/A 43,691 Reserve balances + total vault cash used to satisfy reserve requirements5, 6 39,568 1,516 656 39,745 Required reserves 39,307 1,524 739 39,307 Excess reserve balances at F.R. Banks5, 7 261 + 8 + 83 438 On September 9, 1981 , marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter national accounts were $92,569 million, an increase of $732 million for the week. 1 Net of $ 1,873 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 1, 244 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. Government securities. 2 Net of $1,149 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 1,149 million was with foreign official and international accounts. Includes $ 995 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 requirements less required reserves. (This measure of excess reserves is comparable to the old excess reserve concept published historically.) * 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 9, 1981 September 2, 1981 September 10, 1980 ASSETS Gold certificate account 11,154 1166 Special Drawing Rights certif. acct. 3,068 - 220000 Coin 373 8 ??11 Loans 1,716 _ 569 + 726 Acceptances- Held under repurchase aggreements Federal agency abligations— Bought outright 8,694 8888 Held under repurchase agreements 1 U.S. government securities: BBoouugghhtt oouuttrriigghhtt——BBiillllss 47,172 - 345 + 4,959 NNootteess 59,429 + 726 BBoonnddss 17,971 + 1,163 TToottaall bboouugghhtt oouuttrriigghhtt 22 124,572 _ 345 -1- 6 84-8 HHeelldd uunnddeerr rreeppuurrcchhaassee aaggrreeeemmeennttss 11 TToottaall UU..SS.. ggoovveerrnnmmeenntt sseeccuurriittiieess jj 124,572 345 4. ~~55,,~~88iigg~~ Total loans and securities 134;982 _ 914~ + ——TTAASSKKSS'' Cash items in process of collection (3,172) 7,787 - 1,504 4,656 Bank premises 485 + 1 + 36 Other assets 3 10? 745 + 2,739 + 6,079 TOTAL ASSETS (3,172) 16 8,594 + 314 + ~8T7C%~ LIABILITIES Federal Reserve notes 12 7, 047 + 1,221 + 8,923 Deposits: Depository institutions 24,533 _ 2,684 _ 2, 922 U.S. Treasury—general account 3,471 _ 307 + 443 Foreign—official accounts 254 _ 32 18 Other ( 364 ) 492 . 49 + 71 Total deposits ( 364 :) 28,750 - 3,072 2,421 Deferred availability cash items (2,808 ) 7,625 + 1,581 + 1,336 Other liabilities and accrued dividends 4 2,333 + 534 + 601 TOTAL LIABILITIES (3,172 ) 165,755 + 264 + 8,43<r CAPITAL ACCOUNTS Capital paid in 1,256 -- + 75 Surplus 1,203 -- + 58 Other capital accounts 380 + 50 + 136 * 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 international accounts, of which $ 995 million was outstanding at the end of the latest statement week. 2 Net of $ l,149million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 155 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 $ 74 million in Treasury Bills maturing within 90 days. 4 Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, September 9, 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 1, 138 -- 6,619 + 269 133 „_ 16 days to 90 days 5.78 -- 23,853 + 1,028 629 -- 91 days to 1 year -- -- 31,660 - 1,642 1,690 — Over 1 year to 5 years -- -- 34,718 -- 4,626 -- OOvveerr 55 yyeeaarrss ttoo 1100 yyeeaarrss -- -- 1111,,551199 ~~ "~ OOvveerr 1100 yyeeaarrss 1166,,220033 TToottaall 1,716 -- 112244,,$$7711 - 345 88,,669944 ~~ 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 9, 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 Com 373 22 23 14 46 42 48 14 24 13 30 29 68 Loans 1,716 82 260 194 24 154 25 149 54 71 160 38 505 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 47,172 2,008 13,733 1,688 3,425 3,766 1,499 7,201 1,748 706 2,157 2,952 6,289 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 2 124,572 5,303 36,266 4,458 9,044 9,945 3,958 19,017 4,617 1,864 5,697 7,794 16,609 Held under repurchase agreements 1 Total U.S. government securities 124,572 5,303 36,266 4,458 9,044 9,945 3,958 19,017 4,617 1,864 5,697 7,794 16,609 Total loans and securities 134,982 5,755 39,057 4,963 9,699 10,793 4,259 20,494 4,993 2,065 6,255 8,376 18,273 Cash items in process of collection 10,959 326 2,261 292 405 2,052 1,826 24 652 623 1,419 564 515 Bank premises 485 99 21 52 26 96 36 17 14 28 22 15 59 Other assets 3 10,745 370 3,417 344 690 458 766 1,889 246 249 35 3 577 1,386 Interdistrict settlement account -0- - 265 + 6,064 - 221 -1,136 + 487 -1,576 - 1,462 - 509 - 401 + 58 4- 455 - 1,494 TOTAL ASSETS 171,766 7.277 54,885 6,105 10.769 15.141 5,886 23,027 5,989 2,811 8,813 10,822 2Q1241__ 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 t 995 million was outstanding at the end of the latest statement week. 2 Net of $ 1,149 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 155 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 $74 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 9, 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 127,047 6,353 38,059 4,839 9,151 11,626 2,680 19,732 4,723 1,434 6,253 7,971 14,226 Deposits: Depository Institutions 24,533 436 10,296 795 760 1,072 1,150 1,677 525 373 841 1,635 4,973 U.S. Treasury —general account 3,471 3,471 Foreign-official accounts 254 7 62 10 20 13 19 38 8 8 11 16 42 Other .856 8 430 17 28 72 26 99 18 26 52 74 6 Total deposits 29,114 451 14,259 822 808 1,157 1,195 1,814 551 407 904 1,725 5,021 Deferred availability cash items 10,433 297 1,766 258 431 2,025 1,382 723 547 588 1,426 792 198 Other liabilities and accrued dividends * 2,333 97 82 82 166 181 426 354 83 283 104 152 323 TOTAL LIABILITIES 168,927 7,198 54,166 6,001 10,556 14,989 5,683 22,623 5,904 2,712 8,687 10,640 19,768 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 380 13 96 11 22 26 16 47 12 14 18 27 78 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 171,766 7,277 54,885 6,105 10,769 15.141 5,886 23,027 5,989 2,811 8,813 10,822 20,241 FFEEDDEERRAALL RREESSEERRVVEE AAGGEENNTTSS'' AACCCCOOUUNNTTSS FF..RR.. nnootteess oouuttssttaannddiinngg 149,247 7,396 43,575 7,503 10,134 12,534 5,294 21,192 5,700 2,081 7,709 9,796 16,333 LLeessss -- HHeelldd bbyy FF..RR.. BBaannkkss 22,200 1.043 5.516 2,664 983 908 2.614 1,460 977 647 1.456 1.825 2.107 FF..RR.. NNootteess,, NNeett 127,047 6,353 38,059 4,839 9,151 11,626 2,680 19,732 4,723 1,434 6,253 7,971 14,226 CCoollllaatteerraall 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 112,825 5,383 34.Q17 4.178 8.112 10.413 2.153 17.681 4.154 1.200 5.577 7,165 12.792 Total collateral 127^047 6,353 38,059 4.839 9,151 11,626 2,690 19.712_._ .JLJU _. 1.434 6,253 _zjzi_ 14,226 1 Includes exchange translation account reflecting the monthly revaluation at market exchange reate of foreign exchange commitments. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis