H.4.1 Factors Affecting Reserve Balances of Depository Institutions

ia^^ii FEDERAL RESERVE '•-°w^y Factors Affecting Reserves of Depository Institutions and Condition Statement of F.R. Banks H.4.1. For immediate release September 18, 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 1166,, jj .Se^Cednter' y,—| September 17, SSeepptteemmbbeerr 1166,, IQftl* 1 1981 1980 1981* Reserve Bank credit: ! 1 2 U.S. government securities- Bought outright—system account 123,252 - 331 + 3,573 123,105 Held under repurchase agreements -- -- -- -- Federal agency obligations— 1 Bought outright 8,661 - 33 121 8,661 Held under repurchase agreements -- -- -- -" Acceptances- Bought outright -- -- -- .•"" Held under repurchase agreements -- -- -- -- Loans to depository institutions 1,349 - 236 + 138 1,616 Includes: seasonal borrowing of 205 - 12 + 182 211 extended credit of 287 + 51 + 287 308 Float 3,795 + 1,327 1,271 4,776 Other F.R. assets 8,355 + 129 + 3.204 8.592 Total Reserve Bank credit 145,412 + 856 + 5,523 146,750 Gold stock 11,154 -- 17 11,154 Special Drawing Rights certificate account 3,068 -- 200 3,068 Treasury currency outstanding 13.627 + 7 + 295 13.627 173,261 + 863 + 5,601 174,599 Currency in circulation** 139,366 + 372 + 9,278 139,184 Treasury cash holdings** 450 _- - 18 450 Treasury deposits with F.R. Banks 2,997 + 230 35 3,925 Foreign deposits with F.R. Banks 270 - 76 42 211 Other deposits with F.R. Banks 590 + 115 + 152 696 Required clearing balances 52 + 2 -1- 52 52 OOtthheerr FF..RR.. lliiaabbiilliittiieess aanndd ccaappiittaall 4,813 - 7 L+ 385 4,631 148;538 [ + 637 + 9,772 1 149,149 Reserve balances with F.R. Banks 3 24,724 ! + 227 4,170 1 25,450 Total vault cash (estimated) 19,390 + 230 N/A 19,390 (a) Vault cash at institutions with required reserve balances 13,135 1 - 11 + 3,637 13,135 (b) Vault cash equal to required reserves at other institutions 2,156 + 88 N/A 2,156 (c) Surplus vault cash at other institutions4 4,099 + 153 N/A 4,099 Reserve balances + total vault cash3'5 44,162 + 457 N/A 44,888 Reserve balances + total vault cash used to satisfy reserve requirements5' 6 40,063 + 304 681 40,789 Required reserves 39,823 + 516 586 39,823 Excess reserve balances at F.R. Banks5 ,7 240 - 212 95 966 On September 16, 1981, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter national accounts were $ 92,850 million,an increase of $281 million for the week. 1 Net of $2,644 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 2,644million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. Government securities. 2 Net of $2,865 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 2,865 million was with foreign official and international accounts. Includes $ 224 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 vau lctash 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 reserve sis comparable to the old excess reserve concept published historically.) •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 * Wednesday September 16, 1981 September 9, 1981 September 9, 1980 ASSETS Gold certificate account 11,154 15 Special Drawing Rights certif. acct. 3,068 200 Coin 378 5 26 Loans 1,616 100 1,026 Acceptances- Held under repurchase aggreements Federal agency abligations— Bought outright 8,661 33 121 Held under repurchase agreements 1 U.S. government securities: Bought outright—Bills 45,705 1,467 + 2,675 Notes 59,429 -- + 726 Bonds 1177,,997711 -- ++ 1,163 Total bought outright 2 112233,,110055 - 1,467 ++ 4,564 Held under repurchase agreements 1 Total U.S. government securities 123,105 - 1,467 + 4,564 Total loans and securities 133,382 - 1,600 + 5,469 Cash items in process of collection (3,678 ) 11,265 + 3,478 - 2,763 • Bank premises 485 -- + 37 Other assets 3 8,107 - 2,638 + 3,230 TOTAL ASSETS (3,678 ) 167,839 - 755 + 5,732 LIABILITIES Federal Reserve notes 126,385 662 8,793 Deposits: Depository institutions 25,502 + 969 - 3,369 U.S. Treasury-gen era I account Foreign—official accounts 3,925 + 454 •I- 597 211 - 43 - 23 Other C 1 ) 696 ± 20k ± 2LZJL. Total deposits [ 1 ) 30,334 + 1,584 - 2,522 Deferred availability cash items [3,677 ) 6,489 - 1,136 - 794 Other liabilities and accrued dividends 4 1,843 - 490 -f- 40 TOTAL LIABILITIES [3,678 ) 165,051 - 704 + 5,517 CAPITAL ACCOUNTS Capital paid in 1,258 + 2 + 75 Surplus 1,203 -- + 58 Other capital accounts 327 - 53 + 82 * 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 $-0- million was outstanding at the end of the latest statement week. 2 Net of $2,865 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $224 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 $76 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. ^ **Estimated (Dallas District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, September 16, 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 1,588 -- 4,189 - 2,430 125 8 16 days to 90 days 28 -- 23,823 30 597 32 91 days to 1 year -- -- 32,653 + 993 1,631 59 Over 1 year to 5 years -- -- 34,718 _- 4,730 + 104 Over 5 years to 10 years -- -- 11,519 _. 977 38 Over 10 years -- -. 1166,,220033 -- 660011 Total 1,616 -- 112233,,110055 - 1,467 88,,666611 33 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 16, 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 378 22 22 15 46 42 49 16 25 12 30 29 70 Loans 1,616 4 783 68 112 147 29 122 48 73 143 38 49 Acceptances held under repurchase agreements — -- -- -- .. — -- -- — — — — -- Federal agency obligations: Bought outright 8,661 369 2,521 310 629 691 275 1,322 322 130 396 542 1,155 Held under repurchase agreements 1 — — -- — — — — — — — — — — U.S. government securities: Bought outright-Bills 45,705 1,945 13,306 1,636 3,318 3,649 1,453 6,977 1,694 684 2,090 2,860 6,093 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 2 123,105 5,240 35,839 4,406 8,937 9,828 3,912 18,793 4,563 1,842 5,630 7,702 16,413 Held under repurchase agreements 1 1 -- -- -- — -- -- — -- -• -- -- — Total U.S. government securities 123,105 5,240 35,839 4,406 8.937 9,828 3.912 18.793 4.563 1.842 5,630 7.702 16.413 Total loans and securities 133,382 5,613 39,143 4,784 9,678 10,666 4,216 20,237 4,932 2,045 6,169 8,282 17,617 Cash items in process of collection 14,943 667 2,352 670 737 2,855 1,921 1,468 765 694 1,455 670 689 Bank premises 485 99 21 52 26 96 36 17 14 28 22 15 59 Other assets 3 8,107 262 2,140 348 593 477 502 1,224 277 207 340 497 1,240 Interdistrict settlement account -0- - 152 +2,881 - 648 -1,196 + 451 -1.271 - 1.421 - 531 - 439 + 240 + 494 + 1.592 TOTAL ASSETS 1 171.517 1 7.491 50,601 5.992 10,92? 15,900 ?.99P 22*122 $.QS1 2.791 9.932 19.793 22.701 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 $ 2,865 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 224 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 $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

H.4.1 (c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON September 16, 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 ci n s co LIABILITIES Federal Reserve notes 126,385 6,355 37,741 4,828 9,002 11,550 2,755 19,477 4,662 1,419 6,264 7,970 14,362 Deposits: Depository Institutions 25,502 584 6,189 512 1,040 1,158 1,558 2,553 585 620 1,136 2,247 7,320 U.S. Treasury -general account 3,925 3,925 Foreign—official accounts 211 7 20 10 20 13 19 38 8 8 11 16 41 Other 697 578 1 32 2 77 2 1 2 1 1 Total deposits 30,335 591 10,712 522 1,061 1,203 1,579 2,668 595 629 1,149 2,264 7,362 Deferred availability cash items 10,166 354 1,362 334 472 2,698 1,334 671 621 595 1,285 226 214 Other liabilities and accrued dividends * 1.843 104 74 95 176 197 111 373 89 40 111 152 321 TOTAL LIABILITIES 168,729 7,404 49,889 5,779 10,711 15,648 5,779 23,189 5,967 2,683 8,809 10,612 22,259 CAPITAL ACCOUNTS Capital paid in 1,258 33 317 47 96 66 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 327 11 89 10 21 24 14 46 11 13 15 26 47 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 171,517 7,481 50,601 5,882 10,923 15,800 5,980 23,592 6,051 2,781 8,932 10,793 22,701 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 149,275 7,459 43,353 7,538 10,010 12,635 5,475 21,082 5,664 2,063 7,759 9,842 16,395 Lesw- Held by F.R. Banks 22.890 1.104 5.612 2.710 1.008 1.085 2.720 1.605 1.002 644 1.495 1.872 2.033 F.R. Notes, Net 126,385 6,355 37,741 4,828 9,002 11,550 2,755 19,477 4,662 1,419 6,264 7,970 14,362 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 112.163 5.385 33.699 4.167 7.963 10.337 2.228 17.426 4.093 1.185 5.588 7.164 12.928 Total collateral 126,385 6,355 37,741 4,828 9,002 11,550 2,755 19,477 4,662 1,419 6,264 7,970 14,362 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. * Estimated (Dallas District) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis