H.4.1 Factors Affecting Reserve Balances of Depository Institutions

• of GOV,/ FEDERAL RESERVE Factors Affecting Reserves of Depository Institutions and Condition Statement of F.R. Banks H.4.1. For immediate release September 25, 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 2233,, September lb, 1 September 24, SSeepptteemmbbeerr 2233,, 1981 1981 1980 1981 Reserve Bank credit: 1 2 U.S. government securities- Bought outright—system account 124,255 + 1,003 + 4,156 124,740 Held under repurchase agreements -- -- -~ Federal agency obligations- Bought outright 8,661 -- - 121 8,661 Held under repurchase agreements -- -- -- -- Acceptances- Bought outright -_ -- -- -- Held under repurchase agreements -- -- -- -- Loans to depository institutions 1,446 + 97 - 184 2,509 Includes: seasonal borrowing of 230 + 25 + 199 242 extended credit of 325 + 38 + 79 332 Float 3,339 482 - 1,023 3,260 Other F.R. assets 8,511 + 157 + 3,196 8,824 Total Reserve Bank credit 146,212 + 777 + 6,024 147,994 Gold stock 11,154 -- - 15 11,154 Special Drawing Rights certificate account 3,068 -- - 200 3,068 Treasury currency outstanding 13,627 -- + 290 13,627 174,061 + 777 + 6,099 175,843 Currency in circulation* 138,232 1,139 + 8,813 138,074 Treasury cash holdings* 455 + 2 - 13 455 Treasury deposits with F.R. Banks 3,352 + 355 + 226 3,649 Foreign deposits with F.R. Banks 240 30 - 27 215 Other deposits with F.R. Banks 536 54 + 211 443 Required clearing balances 58 + 6 + 58 58 Other F.R. liabilities and capital 4.824 + 9 + 283 4,746 147,697 850 + 9,551 147,640 Reserve balances with F.R. Banks 3/ 26,364 + 1,627 _ 3,453 28,203 Total vault cash 17,608 1,782 N/A 17,608 (a) Vault cash at institutions with required reserve balances 12,205 930 + 2,485 12,205 (b) Vault cash equal to required reserves at other institutions 1,909 247 N/A 1,909 (c) Surplus vault cash at other institutions!/ 3,494 605 N/A 3,494 Reserve balances + total vault casli2*£/ 44,017 158 N/A 45,856 Reserve balances + total vault cash used to satisfy reserve requirementsL'?./ 40,523 + 447 - 1,120 42,362 Required reserves 40,391 + 568 - 1,173 40,391 Excess reserve balances at F.R. Banks£/Z7 132 121 + 53 1,971 On September 23, 1981 , marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter national accounts were $ 91,674 million, a decrease of $1,176 million for the week. 1 Net of $ 2, 379 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $2,060 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. Government securities. 2 Net of $2,391 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 2,391 million was with foreign official and international accounts. Includes $ 313 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 $ 45 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 Wednesday September 23, 1981 September 16. 198ll September 24 1980 r ASSETS Gold certificate account 11,154 14 Special Drawing Rights certif. acct. 3,068 200 Coin 390 + 12 31 Loans 2,509 + 893 1,108 Acceptances- Held under repurchase aggreements Federal agency abligations— 8,661 121 Bought outright Held under repurchase agreements 1 U.S. government securities: 47,340 1,635 + 2,138 Bought outright—Bills 59,429 + ' 726 Notes 17,971 + 1,163 Bonds 124,7^0 4- 1,635 + 4,027 Total bought outright 2 -- Held under repurchase agreements 1 124,740 + 1,635 + 4,027 Total U.S. government securities 135,910 + 2,528 + 2,798 Total loans and securities (2,641) 9,891 - 2,024 827 Cash items in process of collection 487 + 2 + 38 Bank premises 8,337 + 250 + 3,239 Other assets 3 i( 2,641) 169,237 + 768 + 5^008 TOTAL ASSETS LIABILITIES Federal Reserve notes Deposits: 125,292 1,150 8,216 Depository institutions 28,261 2,759 3,405 U.S. Treasury—general account 3,649 276 279 Foreign—official accounts 215 4 86 Other ( 443 253 157 Total deposits ( 1 ) 32,568 2,234 3,613 Deferred availability cash items 6,631 422 + 84 Other liabilities and accrued dividends 4 (2,640 ) 1,932 80 +_ 102 TOTAL LIABILITIES 166,423 742 + 4,789 1(2,641 ) CAPITAL ACCOUNTS Capital paid in 1,257 + 74 Surplus 1,203 + 58 Other capital accounts 354 27 + 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 $ 2,391 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $313 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 $ 75 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 23, 1981 . L . + •„ 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 I Weekly changes" Holdings | Weekly changes Within 15 days 2,454 5,136 + 947 125 16 days to 90 days 55 24,562 + 739 597 91 days to 1 year 32,602 51 1,631 Over 1 year to 5 years 34,718 4,730 Over 5 years to 10 years 11,519 977 Over 10 years 16,203 601 Total 2,509 124,740 1,635 8,661 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 23, 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 390 23 23 16 46 43 51 17 26 13 31 29 72 Loans 2,509 13 1,675 44 9 108 101 172 59 46 194 50 38 Acceptances held under repurchase agreements -- -- — -- -- -- -- -- -- -- -- -. -- Federal agency obligations: Bought outright 8,661 369 2,521 310 629 691 275 1,322 321 130 396 542 1,155 Held under repurchase agreements 1 -- -- -- __ -- -- -- -- -- -- -- U.S. government securities: Bought outright-Bills 47,340 2,015 13,782 1,694 3,437 3,780 1,505 7,227 1,754 708 2,165 2,962 6,311 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 2 124,740 5,310 36,315 4,464 9,056 9,959 3,964 19,043 4,623 1 ,866 5,705 7,804 16,631 Held under repurchase agreements 1 -- -- -- -- -- -- -- -- -- -- -- -- -. Total U.S. government securities 124,740 5,310 36,315 4,464 9,056 9,959 3,964 19,043 4,623 F, 866 5,705 7,804 16,631 Total loans and securities 135,910 5,692 40,511 4,818 9,694 10,758 4,340 20,537 5,003 2 042 6,295 8,396 17,824 Cash items in process of collection 12,532 518 1,342 487 627 2,425 1,533 1,060 797 576 1,355 1,214 598 Bank premises I 487 98 21 52 26 97 36 17 14 28 22 14 62 Other assets 3 8,337 261 2,185 344 669 478 511 1,238 251 209 349 600 1,242 Interdistrict settlement account -0- - 125 + 2,518 - 566 -1,055 -1- 421 - 841 - 1,365 - 470 - 334 + 180 + 848 + 789 TOTAL ASSETS 1 171,878 " 1 7,437 5Q.$42 5.812 11.046 n.43^ n,Ti7 23.555 6.190 —z .768 HtqrT3 1T^qn7 ~ ?7,n?i .~ 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 $ 2,391 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 313 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 $75 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 23, 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 Deposits: 125,292 6,289 37,624 4,759 8,925 11,451 2,562 19,406 4,572 1,384 6,217 7,996 14,107 Depository Institutions 28,261 665 7,379 521 1,262 1,303 2,204 2,695 733 743 1,275 2,654 6,827 U.S. Treasury -general account 3,649 3,649 Foreign—official accounts 215 7 24 10 20 13 19 38 8 8 11 16 41 Other 444 256 1 30 2 79 69 2 1 4 Total deposits 32,569 672 11,308 531 1,283 1,346 2,225 2,812 810 751 1,288 2,671 6,872 Deferred availability cash items 9,271 293 916 329 446 2,287 1,050 556 633 495 1,167 825 274 Other liabilities and accrued dividends * / 1,932 104 73 89 178 196 117 373 90 39 111 234 328 TOTAL LIABILITIES 169,064 7,358 49,921 5,708 10,832 15,280 5,954 23,147 6,105 2,669 8,783 11,726 21,581 CAPITAL ACCOUNTS Capital paid in 1,257 33 '317 47 96 66 97 180 37 47 56 81 200 Surplus 1,203 33 306 46 95 62 90 177 36 38 52 74 194 Other Capital accounts 354 13 98 11 23 27 16 51 12 14 17 26 46 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 171,878 7,437 50,642 5,812 11,046 15,435 6,157 23,555 6,190 2,768 8,908 11,907 22,021 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 149,600 7,516 43,331 7,646 10,029 12,677 5,418 21,186 5,648 2,074 7,758 9,845 16,472 Less - Held by F.R. Banks 24,308 1,227 5,707 2,887 1,104 1,226 2,856 1,780 1,076 690 1,541 1,849 2,365 F.rt. Notes, Net 125,292 6,289 37,624 4,759 8,925 11,451 2,562 19,406 4,572 1,384 6,217 7,996 14,107 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 111,070 5,319 33,582 4,098 7,886 10,238 2,035 17,355 4,003 1,150 5,541 7,190 12,673 Total collateral 125,292 6,289 37,624 4,759 8,925 11,451 2,562 19,406 4,572 1,384 6,217 7,996 14,107 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