H.4.1 Factors Affecting Reserve Balances of Depository Institutions

of cow FEDERAL RESERVE Factors Affecting Reserves of Depository Institutions and f«n£^v Condition Statement of F.R. Banks For immediate release October 23, 1981 Averages of daily figures (millions of dollars) RReesseerrvveess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss,, WWeeeekk eennddeedd Change from week ended Wednesday RReesseerrvvee BBaannkk ccrreeddiitt aanndd rreellaatteedd iitteemmss OOccttoobbeerr 2211,, njcToTeTTTTT—' 1 October 22. October 21, 1 1981 1981 1980 1981 Reserve Bank credit: p. 2 U.S. government securities- Bought outright—system account 124,450 i + 1,123 + 3,555 124,747 Held under repurchase agreements 994 + 994 + 59 3,107 Federal agency obligations- Bought outright 8,646 - 11 - 115 8,646 Held under repurchase agreements 210 + 210 - 291 527 Acceptances- Bought outright -- -- -- • - Held under repurchase agreements 257 + 257 + 90 801 Loans to depository institutions 1,255 + 145 + 57 3,315 Includes: seasonal borrowing of 155 - 3 i + 85 172 extended credit of 444 + 21 + 444 459 Float 3,649 + 671 - 1,474 2,786 Other F.R. assets 9.280 + 107 + 3.627 9.496 Total Reserve Bank credit 148,742 + 3,497 + 5,509 153,425 Gold stock 11,152 -- - 13 11,152 Special Drawing Rights certificate account 3,318 -- + 50 3,318 Treasury currency outstanding 13,640 -- + 277 13.640 176,852 + 3,497 + 5,823 181,535 Currency in circulation* 138,812 - 352 + 7,926 138,795 Treasury cash holdings* 457 - 1 . 8 1 457 Treasury deposits with F.R. Banks 3,743 + 786 + 542 3,723 Foreign deposits with F.R. Banks 350 + 21 + 63 290 Other deposits with F.R. Banks 624 + 47 + 321 628 Required clearing balances 77 + 5 + 77 77 Other F.R. liabilities and capital 5,300 + 116 + 558 5.174 149,363 + 621 + 9,479 149,144 Reserve balances with F.R. Banks) 27,490 + 22,,887777 88::22»» Total vault cash 171619 - ll||888800 fftt//AA (a) Vault cash at institutions with required reserve balances 12,115 - 1,039 * 3,116 12,115 (b) Vault cash equal to required reserves at other institutions 1,890 - 345 N/A 1,890 (c) Surplus vault cash at other institutions4 3,614 - 496 N/A 3,614 Reserve balances + total vault cash3*5 45,134 + 997 N/A 50,035 Reserve balances + total vault cash used to satisfy reserve requirements5' 6 41,520 + 1,493 - 678 46,421 Required reserves 41,245 + 1,503 - 875 41,245 Excess reserve balances at F.R. Banks5, ' 275 - 10 + 197 5.176 On October 21, 1981 marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official an dinter t national accounts were $ 90,490 million, a decrease of $ 673 million for the week. 1 Net of $1,932 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $1,932 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. Government securities. 2 Net of $1,730 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 1,730 million was with foreign official and international accounts. Includes $ 202 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 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 (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 21, 1981 October 14. 1981 October 22. 1980 ASSETS Gold certificate account 11,152 12 Special Drawing Rights certif. acct. 3,318 50 Coin 403 + 2 16 Loans 3,315 + 722 651 Acceptances- Held under repurchase aggreements 801 801 801 Federal agency abligations r 8,646 — - 115 Bought outright 527 + 527 + 527 Held under repurchase agreements 1 U.S. government securities: Bought outright-Bills 47,347 + 758 + 1,386 59,429 — + 726 Notes Bonds 17,971 — ++ 1.163 Total bought outright 2 124,747 + 758 ++ 3,275 Held under repurchase agreements 1 3,107 + 3, 107 + 3,107 Total U.S. government securities 127,854 + 3 ,865 + 6,382 Total loans and securities (2,814 ) 141,143 + 5 ,915 + 6,944 9,316 - 3 ,065 - 664 Cash items in process of collection Bank premises 490 + 2 + 38 Other assets 3 (2,814 ) 9,006 + 136 + 3,577 TOTAL ASSETS 174,828 + h, 990 + 9,917 LIABILITIES Federal Reserve notes 126,015 788 7,554 Deposits: Depository institutions 32,468 + 5,252 + 786 U.S. Treasury-general account 3,723 + 699 + 495 Foreign-official accounts 290 - 3 + 54 Otr^er 628 + 63 + 307 Total deposits 37,109 + sr^rr + 1,642 Deferred availability cash items (2,814 ) Other liabilities and accrued dividends 4 6,530 - 2,392 + 53 TOTAL LIABILITIES (2,814 ) 2,355 + 147 + • 456 172,009 + 2,978 + 9,705 CAPITAL ACCOUNTS Capital paid in 1,261 + 3 + 65 Surplus 1,203 — + 58 Other capital accounts 355 + 9 + 89 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 wecfc. Net of $ 1,730 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 202 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 $ 72 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 21, 19$1 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 | Weekly changes' Holdings | Weekly changes W 16 it d h a in y s 1 t 5 o d 9 a 0 y s d ays 3,282 801 7,825 + 3,616 690 + 537 91 days to 1 year 33 25,622 + 311 574 56 Over 1 year to 5 years 31,996 62 1,631 + 59 Over 5 years to 10 years 34,689 4,690 23 Over 10 years 11,519 1,015 + 10 16,203 573 Total 3,315 801 127,854 3,865 9,173 527 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 21, 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 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 403 22 23 18 47 43 54 20 29 . 15 30 28 74 Loans 3,315 25 2,500 124 157 91 51 122 14 19 163 25 24 Acceptances held under repurchase agreements 801 -- 801 -- -- -- -- — -- - - -- -- — -- Federal agency obligations: Bought outright 8,646 368 2,517 309 628 690 275 1,320 321 129 395 541 1,153 Meld under repurchase agreements 1 527 -- 527 -- -- -- — -- -- -- -- -- U.S. government securities: Bought outright—Bills 47,347 2,015 13,785 1,694 3,438 3,780 1,505 7,228 1,754 708 2,165 2,963 6,312 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 2 124,747 5,310 36,318 4,464 9,057 9,959 3,964 19,044 4,623 1,866 5,705 7,805 16,632 Held under repurchase agreements 1 3,107 -- 3,107 -- -- -- -- -- -- — -- -- -- Total U.S. government securities 1 127,854 5,310 39,425 4,464 9,057 9,959 3,964 19,044 4,623 1,866 5,705 7,805 16,632 Total loans and securities 141,143 5,703 45,770 4,897 9,842 10,740 4,290 20,486 4,958 2,014 6,263 8,371 17,809 Cash items in process of collection 12,130 338 1,472 382 579 2,693 1,427 1,298 605 598 1,204 1,005 529 Bank premises 490 98 22 52 26 97 36 17 14 28 22 14 64 Other assets 3 9,006 290 2,513 391 647 548 546 1,335 287 228 381 532 1,308 Interdistrict settlement account -0- + 276 - 397 + 211 - 540 + 403 - 822 - 374 - 477 -302 + 531 +1,157 + 334 TOTAL ASSETS 177,642 1 7,709 53,515 gt623 —iT&t— 15,959 6,065 24,672 5,995 2.818 9,119 11.927 21,581 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 $ 1,730 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $202 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 $72 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 21, 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 126,015 6,476 37,635 4,904 8,892 11,623 2,808 1199,,338855 44,,552211 11,,337777 66,,330077 88,,008822 14,005 Deposits: Depository Institutions 32,468 721 9,177 1,267 1,915 1,355 1,876 33,,885577 778899 775588 11,,443322 22,,770099 6,612 U.S. Treasury —general account 3,723 3,723 Foreign—official accounts 290 6 131 8 17 11 16 3322 66 77 99 1133 34 Other 628 1 517 4 25 1 7733 11 22 11 3 Total deposits 37,109 728 13,548 1,275 1,936 1,391 1,8>.> 33,,996622 779966 776655 11,,444433 22,,772233 6,649 Deferred availability cash items 9,344 324 1,018 251 442 2,598 1,055 555544 550055 554400 11,,113344 778800 143 Other liabilities and accrued dividends * 2.355 103 594 89 175 192 107 336688 8888 3399 110099 116600 331 TOTAL LIABILITIES 174,823 7,631 52,795 6,519 11,445 15,804 5,863 24,269 5,910 2,721 8,993 11,745 21,128 CAPITAL ACCOUNTS Capital paid in 1,261 33 317 47 96 66 97 180 37 * 47 57 83 201 Surplus 1,203 33 306 46 95 62 90 177 36 38 52 74 194 Other capital accounts 355 12 97 11 23 27 15 46 12 12 17 25 58 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 177,642 7,709 53,515 6,623 11,659 15,959 6,065 24,672 5,995 2,818 9,119 11,927 21,581 FEDERAL RESERVE AGENTS- ACCOUNTS F.R. notes outstanding 150,382 7,501 43,536 7,628 10,011 12,855 5,465 21,386 5,560 2,024 7,742 10,135 16,539 Less - Held by F.R. Banks 24.367 1.025 5,901 2.724 1.119 1.232 2.657 2.001 1,039 647 1.435 2.053 2.534 F.R. Notes, Net 126,015 6,476 37,635 4,904 8,892 11,623 2,808 19,385 4,521 1,377 6,307 8,082 14,005 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 111.545 5.494 33.523 4.232 7.834 10a88 2,274 17.495 3.942 1.140 5.619 7.262 12.542 Total collateral 126,015 6.476 37,635 4.904 8.892 1U523 2„8Q8._ _liJ*fl5 -.JuZK _XJLZZ_. -.JUUZ 8,082 14.QQ5 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