H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Reserves of Depository Institutions and •: **L Rt Condition Statement of F.R. Banks H.4.1. For immediate release October 2, 1981 Averages of daily figures (millions of dollars) RReesseerrvveess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss,, Week ended Change from week ended Wednesday RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss September 30, September 15, | Oct ober 1, September 30, 1981* 1981 1980 1981* Reserve Bank credit: 1 2 U.S. government securities- Bought outright—system account 123,356 - 899 + 2,537 124,330 Held under repurchase agreements -- -- - 822 -- Federal agency obligations- Bought outright 8,661 -- - 120 8,661 Held under repurchase agreements -- -- - 275 -- Acceptances- Bought outright -- -- -- -- Held under repurchase agreements -- .- - 227 -- Loans to depository institutions 1,446 -- - 427 2,470 Includes: seasonal borrowing of 231 + 1 + 190 197 extended credit of 387 + 62 + 387 414 Float 2,727 - 758 - 619 2,817 Other F.R. assets 8,847 + 336 + 3,496 9,305 Total Reserve Bank credit 145,036 - 1,322 + 3,541 147,583 Gold stock 11,152 - 2 - 16 11,152 Special Drawing Rights certificate account 3,318 + 250 + 50 3,318 Treasury currency outstanding 13,630 + 3 + 243 13,634 173,137 - 1,070 + 3,819 175,687 Currency in circulation** 137,400 - 832 + 8,183 137,833 Treasury cash holdings** 456 + 1 - 10 456 Treasury deposits with F.R. Banks 3,421 + 69 - 847 3,520 Foreign deposits with F.R. Banks 291 + 51 - 18 420 Other deposits with F.R. Banks 721 + 185 + 300 843 Required clearing balances 63 + 5 + 63 63 Other F.R. liabilities and capital 4,971 + 147 4- 381 5,358 147,323 - 374 + 8,052 148,493 Reserve balances with F.R. Banks 3 25,814 _ 696 _ 4,233 27,194 Total vault cash 19,618 + 2,010 N/A 19,618 (a) Vault cash at institutions with required reserve balances 13,453 + 1,248 + 3,634 13,453 (b) Vault cash equal to required reserves at other institutions 2,196 + 287 N/A 2,196 (c) Surplus vault cash at other institutions4 3,969 + 475 N/A 3,969 Reserve balances + total vault cash3*5 45,472 + 1,309 N/A 46,852 Reserve balances + total vault cash used to satisfy reserve requirements5' 6 41,503 + 834 - 731 42,883 Required reserves 41,009 + 618 - 875 41,009 Excess reserve balances at F.R. Banks5 ,7 494 + 216 + 144 1,874 On September 30,1981 , marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter national accounts were $ 91,462 million, a decrease of $ 212 million for the week. 1 Net of $3,746 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,360million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. Government securities. 2 Net of $2,596 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 2,596 million was with foreign official and international accounts. Includes $ 539 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 $ 40 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 (St. Louis and Dallas Districts). **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 30, 1981 September 23, 1981 October 1, 198 0 ASSETS Gold certificate account 11,152 2 16 Special Drawing Rights certif. acct. 3,318 250 50 Coin 400 10 21 Loans 2,470 39 794 Acceptances- 623 Held under repurchase aggreements Federal agency abligations— 8,661 118 Bought outright 946 i Held under repurchase agreements 1 U.S. government securities: 46,930 410 + 2,932 Bought outright—Bills 59,429 + 726 Notes 17,971 ±- 1,163 Bonds 124,330 - 410 4,821 Total bought outright 2 -- + 2,549 Held under repurchase agreements 1 124,330 - 410 2,272 Total U.S. government securities 135,461 - 449 209 Total loans and securities (9,842 ) 10,176 -f 285 799 Cash items in process of collection 487 + 36 Bank premises 8,818 •f 481 3,628 Other assets 3 (9,842 ) 169,812 ^ 575 + 2,669 TOTAL ASSETS LIABILITIES Federal Reserve notes 125,055 237 7,757 Deposits Depository institutions 27,257 - 1,004 - 5,204 U.S. Treasury-rgeneral account 3,520 - 129 - 605 Foreign—official accounts 420 + 205 + 107 Other (7,687 ) 843 + 400 - 367 Total deposits (7,687 ) 32,040 - 528 - 6,069 Deferred availability cash items «,155 ) 7,359 + 728 + 357 Other liabilities and accrued dividends 4 2,427 + 495 + 288 TOTAL LIABILITIES K% 842 ) 166,881 + -T&T -f 2733T" CAPITAL ACCOUNTS Capital paid in 1,257 + 73 Surplus 1,203 -- + 58 Other capital accounts 471 + 117 + 205 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 $ 2,596 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 539 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 $ 74 million in Treasury Bills maturing within 90 days. Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. **Estimated (St. Louis and Dallas Districts). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, September 30, 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 j Holdings | Weekly changes Within 15 days 2,424 „ - 4,218 . 918 200 + 75 16 days to 90 days 46 -_ 24,805 + 243 522 75 91 days to 1 year -- — 32,896 + 294 1,631 Over 1 year to 5 years -- -- 34,689 - 29 4,730 __ Over 5 years to 10 years -- -- 11,519 -- 977 -- OOvveerr 1100 yyeeaarrss -- -- 16,203 -- 601 ... TToottaall 2,470 -- 124,330 - ,410 8,661 -- 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 30, 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 125,055 6,255 37,590 4,772 8,937 11,511 2,621 19,374 4,550 1,377 6,210 8,000 13,858 Deposits: Depository Institutions 27,257 732 7,577 689 746 1,166 1,648 2,641 668 545 1,316 1,937 7,592 U.S. Treasury -general account 3,520 3,520 Foreign—official accounts 420 8 205 11 23 15 22 42 9 9 12 18 46 Other 8.530 1 519 1 23 4 78 1 1 2.330 5.570 2 Total deposits 39,727 741 11,821 700 770 1,204 1,674 2,761 678 555 3,658 7,525 7,640 Deferred availability cash items 9,514 271 1,047 234 345 2,305 1,218 601 627 554 1,155 850 307 Other liabilities and accrued dividends 2.427 103 346 90 174 202 177 535 89 39 109 238 325 TOTAL LIABILITIES 176,723 7,370 50,804 5,796 10,226 15,222 5,690 23,271 5,944 2,525 11,132 16,613 22,130 CAPITAL ACCOUNTS Capital paid in 1,257 33 316 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 471 16 130 16 33 35 26 66 16 18 21 26 68 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 179,654 7,452 51,556 5,905 10,450 15,385 5,903 23,694 6,033 2,628 11,261 16,794 22,593 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 149,794 7,481 43,365 7,687 10,051 12,755 5,372 21,295 5,630 2,069 7,777 9,906 16,406 Less - Held by F.R. Banks 24.739 1.226 5.775 2.915 1.114 1.244 2.751 1.921 1.080 692 1.567 1.906 2.548 F.R. Motes, Net 125,055 6,255 37,590 4,772 8,937 11,511 2,621 19,374 4,550 1,377 6,210 8,000 13,858 Collateral held against F.R. notes: Gold certificate account 11,152 817 3,161 531 805 947 436 1,571 450 189 534 628 1,083 Special Drawing Rights certif. acct. 3,318 165 951 141 253 288 98 519 129 48 154 192 380 Other eligible assets 110,585 5,273 33,478 4,100 7,879 10,276 2,087 17,284 3,971 1,140 5,522 7,180 12,395 U.S. govt, and agency securities Total collateral 125.Q55 L. .6 ..255 . J7.590 4.772,_ -.&..22Z-...— lum .2.621 19,374 ... AA5SL — 1.377 6.210 8.000 13.858 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. * Estimated (St. Louis and Dallas Disticts.) 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 30, 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 11,152 817 3,161 531 805 947 436 1,571 450 189 534 628 1,083 Special Drawing Rights certif. acct. 3,318 165 951 141 253 288 98 519 129 48 154 192 380 Coin 400 23 24 18 46 44 52 18 26 15 31 29 74 Loans 2,470 104 403 87 27 322 69 342 65 173 141 174 553 Acceptances held under repurchase agreements Federal agency obligations: Bought outright 8,661 369 2,521 310 629 691 275 1,322 321 130 3% 542 1,155 Held under repurchase agreements 1 U.S. government securities: Bought outright-Bills 46,930 1,997 13,663 1,680 3,407 3,747 1,492 7,164 1,739 702 2,146 2,936 6,257 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 TToottaall bboouugghhtt oouuttrriigghhtt 22 124,330 5,292 36,196 4,450 9,026 9,926 3,951 18,980 4,608 1,860 5,686 7,778 16,577 HHeelldd uunnddeerr rreeppuurrcchhaassee aaggrreeeemmeennttss 11 TToottaall UU..SS.. ggoovveerrnnmmeenntt sseeccuurriittiieess 124,330 5,292 36,196 4,450 9,026 9,926 3,951 18,980 4,608 1,860 5,686 7,778 16,577 Total loans and securities 135,461 5,765 39,120 4,857 9,682 10,939 4,295 20,644 4,994 22,,116633 66,,222233 88,,449944 18,285 Cash items in process of collection 20,018 596 4,789 515 504 2,638 1,693 2,660 977 774488 11,,776600 11,,224499 1,889 Bank premises 487 98 21 52 26 97 36 17 14 2288 2222 1144 62 Other assets 3 8,818 308 2,285 393 682 502 545 1,355 261 222233 336600 660011 1,303 Interdistrict settlement account -0- - 320 1,205 - 602 -1,548 - 70 -1,252 -3,090 - 818 -- 778866 22,,117777 55,,558877 - 483 TOTAL ASSETS 179,654 7,452 51,556 5,905 10,450 15,385 5,903 23,694 6,033 22,,662288 1111,,226611 1166,,779944 22,593 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 $ ~°~ million was outstanding at the end of the latest statement week. 2 Net of $ 2,596 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 539 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. * Estimated (St. Louis and Dallas Districts). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis