H.4.1 Factors Affecting Reserve Balances of Depository Institutions

. iV I'Ol'f FEDERAL RESERVE Factors Affecting Reserves of Depository Institutions and *4L RE' Condition Statement of F.R. Banks H.4.1. For immediate release October 16, 1981 Averages of daily figures (m (lions of dollars) RReesseerrvveess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss,, WWeeeekk eennddeedd Change from week ended WWeeddnneessddaayy RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss OOccttoobbeerr 1144,, uctober 7, uctober ID.1 OOccttoobbeerr 1144,, 1981 1981 1980 1981 Reserve Bank credit: 1 2 U.S. government securities- Bought outright—system account 123,327 + 1,444 + 3,013 123,989 Held under repurchase agreements -- -- - 1,565 -- Federal agency obligations- Bought outright 8,657 - 4 - 119 8,646 Held under repurchase agreements -- -- - 325 -- Acceptances- Bought outright -- -- -- -- Held under repurchase agreements ._ -- - 357 -- Loans to depository institutions 1,110 - 36 - 1 2,593 Includes: seasonal borrowing of 158 + 2 + 97 160 extended credit of 423 + 10 + 423 424 Float 2,795 - 1,324 - 553 3,459 Other F.R. assets 9,173 + 18 + 3,770 9,358 Total Reserve Bank credit 145,062 + 98 + 3,863 148,045 Gold stock 11,152 ._ - 13 11,152 Special Drawing Rights certificate account 3,318 -- + 50 3,318 Treasury currency outstanding 13,640 + 4 + 290 13,640 173,172 + 102 + 4,190 176,155 Currency in circulation* 139,172 + 1,241 + 8,171 139,592 Treasury cash holdings* 450 - 4 - 18 450 Treasury deposits with F.R. Banks 2,957 - 588 - 349 3,024 Foreign deposits with F.R. Banks 329 - 49 + 30 293 Other deposits with F.R. Banks 577 - 87 + 271 565 Required clearing balances 72 + 7 + 72 72 Other F.R. liabilities and capital 5,184 - 30 + 558 5,015 148,742 + ~ 490 +~ 8,735 149,011 Reserve balances with F.R. Banks 3 24,430 - 387 - 4,545 27,144 Total vault cash 19,499 + 108 N/A 19,499 (a) Vault cash at institutions with required reserve balances 13,154 - 169 + 3,340 13,154 (b) Vault cash equal to required reserves at other institutions 2,235 + 91 N/A 2,235 (c) Surplus vault cash at other institutions4 4,110 + 186 N/A 4,110 Reserve balances + total vault cash3*5 43,954 - 292 N/A 46,668 Reserve balances + total vault cash used to satisfy reserve requirements5, 6 39,844 - 478 - 1,344 42,558 Required reserves 39,742 - 363 - 1,211 39,742 Excess reserve balances at F.R. Banks5 ,7 102 2_ 115 2__ 133 2,816 On October 14, 1981 , marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter national accounts were $ 91,163 million, an increase of $321 million for the week. 1 Net of $ 2,923 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ l,735million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. Government securities. 2 Net of $ 2,356 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 885 million was with foreign official and international accounts. Includes $ 295 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 $ 25 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 14, 1981 October 7, 1981 October 15, 1980 ASSETS Gold certificate account 11,152 13 Special Drawing Rights certif. acct. 3,318 50 Coin 401 1 17 Loans 2,593 1,033 2,026 Acceptances- Held under repurchase aggreements Federal agency abligations- 8,646 15 115 Bought outright Held under repurchase agreements 1 U.S. government securities: 46 ,589 + 7,682 + 2,640 Bought outright—Bills 59 ,429 — + 726 Notes 1177 ii22ZZLL.. -- ++ 1,163 Bonds 112233 ,,998899 + 7,682 ++ 4,529 Total bought outright 2 Held under repurchase agreements 1 123 ^989 + 7,682 + 4,529 Total U.S. government securities 135 ,228 + 8,700 + 6,440 Total loans and securities (3 217 ) 12 ,381 + 2^719 3^075 Cash items in process of collection 488 -- + 37 Bank premises Other assets 3 ((33,, 217 ) 171 8 , ,8 8 3 7 8 0 + + 11,5 1 4 3 8 0 + + 3 7, , 1 6 1 9 7 5 TOTAL ASSETS LIABILITIES Federal Reserve notes 126,803 775 7,759 Deposits: Depository institutions 27,216 + 8,558 - 705 U.S. Treasury-general account 3,024 - 641 + 126 Foreign—official accounts 293 + 79 - 32 Other ( 2 ) 565 - 65 + 245 Total deposits !'( 2 ) 31,098 + 7,931 . 366 Deferred availability cash items (3,215 ) 8,922 + 2,593 - 729 Other liabilities and accrued dividends 4 2,208 + 272 + 250 TOTAL LIABILITIES (3,217 ) 169,031 + 11,571 + 6,914 CAPITAL ACCOUNTS Capital paid in 1,258 + 68 Surplus 1,203 .- + 58 Other capital accounts 346 - 23 + 77 Figures in parentheses are the eliminations made in the consolidating process. nffir^ tlffl U' S;, 8° V" nment and federal *&*™y securities resold under matched sale-purchase transactions to foreign tet S ll S S J ^n ^ h ^C 0 U?t 8' °f,WhiCh $814 m±lli°n WaS 0Ut8tandin* at the «* of'the ^test statement *ek § $ 295 millionlltTirT , 8ale7^hase transactions outstanding at the end of the latest statement week. Includes $ 295 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. nciuaes special Investment c^tmLts?^1186*'"1181^1011 aCCOUnt refl6Ctin* the ™^y revaluation at market exchange rates of foreign exchange MATURITY DISTRIBUTION OF LOANS AND SECURITIES, October 14, 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 2,480 -- 4,209 . 368 153 + 17 16 days to 90 days 113 -- 25,311 + 7,145 630 + 9 91 days to 1 year -- -- 32,058 + 905 1,572 24 Over 1 year to 5 years -- -- 34,689 ... 4,713 „ 17 Over 5 years to 10 years -- -- 11,519 ... 1,005 + 28 Over 10 years -- -- 1166,,220033 „- 557733 -- 28 Total 2,593 -- 112233,,998899 + 7,682 88,,664466 15" 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 October 14, 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 c n is co 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 401 23 23 18 45 43 53 19 28 15 31 29 74 Loans 2,593 92 1,809 48 159 34 17 183 12 19 139 69 12 Acceptances held under repurchase agreements -- -- -- -- -- — -- -- — — -- — -- Federal agency obligations: Bought outright 8,646 368 2,517 309 628 690 275 1,320 321 129 395 541 1,153 Held under repurchase agreements 1 -- -- -- — -- -- -- -- -- — -- -- -- U.S. government securities: Bought outright-Bills 46,589 1,983 13,563 1,667 3,383 3/720 1,481 7,112 1,726 697 2,131 2,915 6,211 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 2 123,989 5,278 36,096 4,437 9,002 9,899 3,940 18,928 4,595 1 ,855 5,671 7,757 16,531 Held under repurchase agreements 1 -- -- -- -- -- -- -- -- -- -- -- -- -- Total U.S. government securities 123,989 5,278 36,096 4,437 9,002 9,899 3,940 18,928 4,595 1 ,855 5,671 7,757 16,531 Total loans and securities 135,228 5,738 40,422 4,794 9,789 10,623 4,232 20,431 4,928 2 ,003 6,205 8,367 17,696 Cash items in process of collection 15,598 512 1,609 443 832 2,915 2,167 1,598 886 826 1,927 1,528 355 Bank premises 488 98 22 52 26 97 36 17 14 28 22 14 62 Other assets 3 8,870 298 2,370 377 648 528 552 1,339 278 229 378 553 1,320 Interdistrict settlement account j -0- + 127 +3,861 - 132 -1,202 + 503 - 1,007 - 609 - 718 - 389 + 187 - 29 - 592 TOTAL ASSETS 175,055 7.778 52,419 6,224 11,196 16,144 6,567 24,685 5,995 2^, 949 9,438 11,282 20,378 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 $ 814 million was outstanding at the end of the latest statement week. 2 Net of $ 2,356 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 294 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 October 14, 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 126,803 6,492 37,683 4,892 8,954 11,711 2,964 19,397 4,589 1,389 6,343 8,176 14,213 Deposits: Depository Institutions 27,216 681 8,668 827 1,291 1,222 1,649 3,603 576 686 1,161 1,654 5,198 U.S. Treasury -general account 3,024 3,024 Foreign-offJfcial accounts 293 6 134 8 17 11 16 32 6 7 9 13 34 Other 567 455 1 27 3 75 1 1 2 1 1 Total deposits 31,100 687 12,281 835 1,309 1,260 1,668 3,710 583 694 1,172 1,668 5,233 Deferred availability cash items 12,137 415 1,345 304 543 2,818 1,595 801 647 729 1,689 1,092 159 Other liabilities and accrued dividends 1 2.208 105 390 89 176 201 136 372 90 39 108 165 337 TOTAL LIABILITIES 172,248 7,699 51,699 6,120 10,982 15,990 6,363 24,280 5,909 2,851 9,312 11,101 19,942 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 346 13 97 11 23 26 17 48 13 13 18 26 41 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 175,055 7,778 52,419 6,224 11,196 16,144 6,567 24,685 5,995 2,949 9,438 11,282 20,378 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 150,070 7,543 43,245 7,644 9,945 12,847 5,529 21,274 5,578 2,033 7,756 10,094 16,582 Less-Held by F.R. Banks 23,267 1,051 5,562 2,752 991 1,136 2.565 1,877 989 644 1.413 1.918 2.369 F.R. Notes, Net 126,803 6,492 37,683 4,892 8,954 11,711 2,964 19,397 4,589 1,389 6,343 8,176 14,213 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 U.S. govt, and agency securities 112,333 5,510 33,571 4,220 7,896 10,276 2,430 17,507 4,010 1,152 5.655 7,356 12.750 Total collateral 126.803 _... 6.492 37.683 4,892 8,954_. U.7U — 2,964 . 19»29J__, 4.589 1.389 6.343 8.176 14.211 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