H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE T?f^LW-' Factors Affecting Reserves of Depository Institutions and Condition Statement of F.R. Banks H.4.1. For immediate release October 9, 1981 Averages of daily figures (millions of dollars) RReesseerrvveess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss,, Week ended Change from week ended 1 Wednesday RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss October 9, September 3U,| uctooer o, October 7, 1981 1981 1980 j 1981 Reserve Bank credit: 1 1 U.S. government securities- Bought outright—system account 121,883 - 1,473^ + 3,646 116,307 Held under repurchase agreements -- -- - 2,413 -- Federal agency obligations- Bought outright 8,661 -- - 118 8,661 Held under repurchase agreements -- -- - 575 -- Bought outright -- -- ._ -- Held under repurchase agreements -- -- - 327 -- Loans to depository institutions 1,146 - 302 - 103 1,560 Includes: seasonal borrowing of 156 - 77 + 107 109 extended credit of 413 + 26 + 413 419 Float 4,057 + 1,299 + 910 3,333 Other F.R. assets 9.155 + 309 + 3,839 9,228 Total Reserve Bank credit 144,902 - 167 + 4,859 139,089 Gold stock 11,152 -- - 15 11,152 Special Drawing Rights certificate account 3,318 -- + 50 3,318 Treasury currency outstanding 13,636 + 6 + 290 13,640 173,008 - 161 + 5,184 167,199 Currency in circulation* 137,931 + 530 + 7,939 138,816 Treasury cash holdings* 454 -- - 10 450 Treasury deposits with F.R. Banks 3,545 + 124 + 243 3,665 Foreign deposits with F.R. Banks 378 + 87 + 79 214 Other deposits with F.R. Banks 664 - 57 + 381 630 Required clearing balances 65 + 2 + 65 65 Other F.R. liabilities and capital 5.214 + 240 + 582 4,766 148,252 + 927 + 9,280 148,606 - . Reserve balances with F.R. Banks 3 24,755 1<089 4,097 18,593 Total vault cash (estimated) 19,391 - 227 N/A 19,391 (a) Vault cash at institutions with required reserve balances 13,323 - 130 + 3,361 13,323 (b) Vault cash equal to required reserves at other institutions 2,144 - 52 N/A 2,144 (c) Surplus vault cash at other institutions4 3,924 - 45 N/A 3,924 Reserve balances + total vault cash3*5 44,184 - 1,318 N/A 38,022 Reserve balances + total vault cash used to satisfy reserve requirements5' 6 40,260 - 1,273 - 872 34,098 Required reserves 40,105 - 904 - 675 40,105 Excess reserve balances at F.R. Banks5 ,7 155 - 369 - . 197 6,007 On October 7, 1981 marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter t national accounts were $ 90,842 million, a decrease of $ 620 million for the week. 1 Net of $4,899 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 2,214million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. Government securities. 2 Net of $ 10,451million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 1,893 million was with foreign official and international accounts. Includes $ 205 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 $ 38 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 October 7 , 1981 September 30, 1981 October 8, 1980 ASSETS Gold certificate account 11 ,152 14 Special Drawing Rights certif. acct. 3 318 50 Coin 402 2 13 Loans 1 560 926 937 Acceptances- Held under repurchase aggreements Federal agency abligations- 8,661 118 Bought outright Held under repurchase agreements 1 U.S. government securities: 38,907 8,023 2,755 Bought outright—Bills 59,429 + 726 Notes 17,971 + 1,163 Bonds 116,307 8,023 - 866 Total bought outright 2 Held under repurchase agreements 1 116,307" 8,023 - 86 -- 6 Total U.S. government securities 126,528 8,949 - 47 Total loans and securities (2,652 ) 9,662 162 820 Cash items in process of collection 488 1 + 36 Bank premises 8,740 70 + 3,724 Other assets 3 (2,652 ) 160,290 9,178 + 2,916 TOTAL ASSETS LIABILITIES Federal Reserve notes 126,028 978 7,692 Deposits: Depository institutions 18,658 8,585 - 5,459 U.S. Treasury—general account 3,665 145 + 334 Foreign—official accounts 214 206 - 58 Other 3) 630 213 + 344 Total deposits 3 ) 23 ,167 8,859 - 4,839 Deferred availability cash items |C,649 ) 6 329 684 - 331 Other liabilities and accrued dividends 4 1. 936 504 + 139 TOTAL LIABILITIES (2,652 ) 157,460 9,069 + 2,661 CAPITAL ACCOUNTS Capital paid in 1,258 1 + 74 Surplus 1,203 + 58 Other capital accounts 369 110 + 123 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 $10,451 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 205 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. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, October 7, 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 1,473 — 4,577 + 359 136 64 16 days to 90 days 87 -- 18,166 - 6,639 621 + 99 91 days to 1 year -- -- 31,153 - 1,743 1,596 35 Over 1 year to 5 years -- -- 34,689 -- 4,730 Over 5 years to 10 years -- -- 11,519 -- 977 Over 10 years -- -- 1166,,220033 .- 660011 «.» Total 1,560 -- 111166,,330077 - 8,023 88,,666611 ~ «™-— Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

HAJ (b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON October 7, 1981 Millions of dollars Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San City Francisco ASSETS Gold certificate account 11,152 817 3,161 531 805 1,147 436 1,371 450 189 534 628 1,083 Special Drawing Rights certif. acct. 3,318 165 951 141 253 288 98 519 129 48 154 192 380 Coin 402 23 23 19 46 44 53 18 26 15 30 30 75 Loans 1,560 70 359 41 6 44 12 782 14 118 84 27 3 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: Sought outright-Bills 38,907 1,656 11,327 1,392 2,825 3,106 1,237 5,940 1,442 582 1,779 2,434 5,187 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 2 116,307 4,951 33,860 4,162 8,444 9., 285 3,696 17,756 4,311 1,740 5,319 7,276 15,507 Held under repurchase agreements 1 -- -- -- -- -- -- -- ... -- -- -- ~~ "Z Total U.S. government securities ""116,307 _____ 33,860 4,162 ~8744T~ 9,285 3,696 17,756 4,311 1,740 ' 5,319 7,276 15,507 Total loans and securities 126,528 5,390 36,740 4,513 9,079 10,020 3,983 19,860 4,646 1,988 5,799 7,845 16,665 Cash items in process of collection 12,314 469 1,410 413 543 2,403 1,649 1,396 553 619 1,163 1,173 523 Bank premises 488 98 22 52 26 97 36 17 14 28 22 14 62 Other assets 3 8,740 276 2,365 370 630 512 534 1,318 265 224 373 556 1,317 Interdistrict settlement account -0- + 167 + 3,356 - 265 - 442 + 741 -1,032 - 647 - 284 - 451 ++ 551111 + 289 - 1,943 TOTAL ASSETS 162,942 __Z!_05_ 48,028 5,774 10,940 15,252 5,757 23,852 "5,799 2,660 ~ 88,,558866 10,727 18,162 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 $ 10,451 million matched sale-purchase transactions outstanding at the end of the latest statement week, includes $ 205 million securities loaned-fully secured , ijy 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 wi days. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4J (c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON October 7, 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 126,028 6,309 37,680 4,919 9,027 11,607 2,713 19,500 4,604 1,389 6,273 8,066 13,941 Deposits: 18,658 621 4,112 422 1,188 967 1,476 2,905 564 603 962 1,568 3,270 Depository Institutions U.S. Treasury —general account 3,665 3,665 Foreign—official accounts 214 6 55 8 17 11 16 32 6 7 9 13 34 Other 633 1 505 1 28 3 78 1 2 1 13 Total deposits 23,170 628 8,337 430 1,206 1,006 1,495 3,015 571 610 973 1,582 3,317 Deferred availability cash items 8,978 294 964 240 332 2,308 1,248 591 457 526 1,113 747 158 Other liabilities and accrued dividends 1.936 95 321 80 160 176 97 339 81 35 101 150 301 TOTAL LIABILITIES 160,112 7,326 47,302 5,669 10,725 15,097 5,553 23,445 5,713 2,560 8,460 10,545 17,717 CAPITAL ACCOUNTS Capital paid in 1,258 33 316 47 96 66 97 180 37 47 56 82 201 Surplus 1,203 33 306 46 95 62 90 177 36 38 52 74 194 Other capital accounts 369 13 104 12 24 27 17 50 13 It 18 26 *50 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 162,942 7,405 48,028 5,774 10,940 15,252 5,757 23,852 5,799 2,660 8,586 10,727 18,162 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 149,941 7,430 43,394 7,692 10,073 12,798 5,322 21,449 5,614 2,060 7,753 9,932 16,424 Less-Held by F.R. Banks 23.913 1.121 5.714 2.773 1.046 1.191 2.609 1.949 1,010 671 1.480 1.866 2.483 FrR. Notes, Net 126,028 6,309 37,680 4,919 9,027 11,607 2,713 19,500 4,604 1,389 6,273 8,066 13,941 Collateral held against F.R. notes : Gold certificate account 11,152 817 3,161 531 805 1,147 436 1,371 450 189 534 628 1,083 Special Drawing Rights certif. acct. 3,318 165 951 141 253 288 98 519 129 48 154 192 380 Other eligible assets 204 8 196 U.S. govt, and agency securities 111,354 5,319 33,568 4,247 7,969 9,976 2,179 17,610 4,025 1,152 5,585 7,246 12,478 Total collateral 126.028 6.309 37*680 4,919 ._ 9.027 11.607 2.713 19.500 ___4.604 _ 6.273 - 8.D66 13,941 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