H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Reserves of Depository Institutions and Condition Statement of F.R. Banks H.4.1. For immediate release October 30, 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 * Oct. 28, 1981 Oct. 21, 1981 Oct. 29, 1980 Oct» 28, 1981 Reserve Bank credit: "l ' 2 U.S. government securities- Bought outright-system account 123,457 - 993 +3,420 121,495 Held under repurchase agreements -- - 994 -1,435 — Federal agency obligations- Bought outright 8,646 -- - 115 8,646 Held under repurchase agreements — - 210 - 309 -- Acceptances- Bought outright — -- -- -- Held under repurchase agreements -- - 257 - 487 — Loans to depository institutions 1,187 - 68 - 248 1,885 Includes: seasonal borrowing of 147 8 + 60 129 extended credit of 464 + 20 > + 464 468 Float 2,995 - 512 - 319 4,090 Other F.R. assets 9-357 + 77 +3.381 9.409 Total Reserve Bank credit 145,643 -2,957 +3,888 145,525 Gold stock 11,152 -- - 12 11,152 Special Drawing Rights certificate account 3,318 -- + 50 3,318 Treasury currency outstanding 13.643 + 3 + 272 13.651 » J »W»W <M- ^ 173,756 -2,954 +4,198 173,646 Currency in circulation** 138,110 - 702 +7,651 138,544 Treasury cash holdings** 457 -- 3 457 Treasury deposits with F.R. Banks 3,069 - 674 - 121 2,842 Foreign deposits with F.R. Banks 318 - 32 + 87 264 Other deposits with F.R. Banks 595 - 29 + 290 568 Required clearing balances 78 + 1 + 78 78 Other F.R. liabilities and capital 5.031 - 269 + 377 4.834 147,658 -1,705 +8,358 147,587 Reserve balances with F.R. Banks 3 26,098 -1,250 ! -4,160 26,060 Total vault cash 18,558 + 939 NA 18,558 (a) Vault cash at institutions with required reserve balances | 12,767 + 652 +3,182 12,767 (b) Vault cash equal to required reserves at other institutions 1,959 + 69 NA 1,959 (c) Surplus vault cash at other institutions4 3,832 + 218 NA 3,832 Reserve balances + total vault cash3'5 44,680 - 312 NA 44,642 Reserve balances + total vault cash used to satisfy reserve requirements5' 6 40,848 - 530 -1,118 40,810 Required reserves 40,625 - 620 -1,305 1 40,625 Excess reserve balances at F.R. Banks5, 223 + 9Q + 187 1«S On October 28, 1981 , marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter national accounts were $ 90,482 million, a decrease of $ 8 million for the week. 1 Net of $ 2,794 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $2,257 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. Government securities. 2 Net of $4,526 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 2,086 million was with foreign official and international accounts. Includes $ 218 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 $ 24 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 District). **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 28, 1981 October 21, 1981 October 29, 1980 ASSETS Gold certificate account 11,152 11 Special Drawing Rights certif. acct. 3,318 50 Coin 403 14 Loans 1,885 1,430 855 Acceptances- 801 426 Held under repurchase aggreements Federal agency abligations- 8 ,646 — - 115 Bought outright Held under repurchase agreements 1 — - 527 - 167 U.S. government securities: 44 ,095 - 3 ,252 _ 909 Bought outright-Bills 59 ,429 — + 726 Notes 17 ,971 —. ++ 1,163 Bonds Total bought outright 2 121 ,495 - 3 ,252 980 Held under repurchase agreements 1 — ^^ 33 ,,110077 921 121 ,495 66 ,,335599 ++ 59 Total U.S. government securities 132 ,026 - 9 ,117 - 1,504 Total loans and securities (2 816 ) 10 ,065 + 749 + 285 Cash items in process of collection 491 + 1 + 38 Bank premises Other assets 3 8 ,918 8888 ++ 3,203 TOTAL ASSETS (2 •• 881166 )) 166 ,373 -- 88~~,, 445555 ++ 2,047 LIABILITIES Federal Reserve notes 125,752 263 7,261 Deposits: Depository institutions 26,138 - 6,330 - 5,632 U.S. Treasury—general account 2,842 - 881 - 35 Foreign—official accounts 264 - 26 + 4 Other 568 -- 6600 ++ 252 Total deposits 29,812 TT77WWTT 5,4TT~ Deferred availability cash items (2,816 ) 5,975 - 5.55 - 119 Other liabilities and accrued dividends 4 2,000 - 355 + 97 TOTAL LIABILITIES (2,816 ) 163,539 - 8,470 + 1,828 CAPITAL ACCOUNTS Capital paid in 1,268 + 7 + 70 Surplus 1,203 — + 58 Other capital accounts ' 363 + 8 + 91 * 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 $4,526 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 218 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 $ 56 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. & ^ ** Estimated (St. Louis District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, October 28, 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 Loans Acceptances Holdings | Weekly changer Holdings" Weekly changes Within 15 days 1,834 4,421 3,404 71 619 16 days to 90 days 51 22,648 2,974 741 167 91 days to 1 year 32,015 19 1,465 166 Over 1 year to 5 years 34,689 4,781 91 Over 5 years to 10 years 11,519 1,015 Over 10 years 16,203 573 Total 1,885 121,495 6,359 8,646 527 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 28, 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 22 19 46 43 54 20 29 16 30 28 74 Loans 1,885 28 1,257 63 17 99 52 104 40 20 140 49 16 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 44,095 1,877 12,837 1,578 3,201 3,520 1,402 6,732 1,634 659 2,017 2,759 5,879 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 2 121,495 5,172 35,370 4,348 8,820 9,699 3,861 18,548 4,503 1,817 5,557 7,601 16,199 Held under repurchase agreements 1 -- -- _- -- -- -- -- -- -- -- -- -- -- Total U.S. government securities _ 121,495 5,172 35,370 4,348 8,820 9,699 3,861 18,548 4,503 1,817 ~* 5,557 7,601 16,199 Total loans and securities 132,026 5,568 39,144 4,720 9,465 10,488 4,188 19,972 4,864 1,966 6,092 8,191 17,368 Cash items in process of collection 12,881 521 1,469 685 579 2,700 1,590 1,449 600 613 1,203 1,099 373 Bank premises 491 98 22 52 26 98 36 17 14 28 22 14 64 Other assets 3 8,918 293 2,425 352 658 530 548 1,329 280 233 390 546 1,334 Interdistrict settlement account -0- + 214 + 1,651 - 214 -1,138 + 494 -1,011 - 1,037 - 575 - 242 + 406 + 977 + 475 TOTAL ASSETS 169,189" 7,698" 48,845~ 6,286~ 10,694 " 15,788" 5,939" 23,640" 5,791" 2,851 " 8,831" 11,675 21.151 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 $ 4,526 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 218 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 $56 million in Treasury Bills maturing within 90 days. * Estimated (St. Louis District). 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 28, 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 125,752 6,428 37,676 4,880 8,889 11,664 2,743 19,323 4,478 1,366 6,305 8,057 13,943 Deposits: Depository Institutions 26,138 817 5,814 992 1,095 1,283 1,875 2,865 639 824 1,248 2,440 6,246 U.S. Treasury -general account 2,842 2,842 Foreign—official accounts 264 6 105 8 17 11 16 32 6 7 9 13 34 Other 568 2 479 1 1 19 1 58 1 1 2 1 2 Total deposits 29,812 825 9,240 1,001 1,113 1,313 1,892 2,955 646 832 1,259 2,454 6,282 Deferred availability cash items 8,791 267 895 214 309 2,473 1,000 603 495 517 1,036 826 156 Other liabilities and accrued dividends* 2,000 99 311 87 170 183 100 354 86 36 105 155 314 TOTAL LIABILITIES 166,355 7,619 48,122 6,182 10,481 15,633 5,735 23,235 5,705 2,751 8,705 11,492 20,695 CAPITAL ACCOUNTS Capital paid in 1,268 33 317 47 96 66 97 180 37 47 57 83 208 surplus 1,203 33 306 46 95 62 90 177 36 38 52 74 194 Other capital accounts 363 13 100 11 22 27 17 48 13 15 17 26 54 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 169,189 7,698 48,845 6,286 10,694 15,788 5,939 23,640 5,791 2,851 8,831 11,675 21,151 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 150,613 7,460 43,746 7,610 10,062 12,871 5,397 21,499 5,620 2,020 7,775 10,108 16,445 Less-HeId by F.R. Banks 24,861 1,032 6,070 2,730 1,173 1,207 2,654 2,176 1,142 654 1,470 2,051 2,502 F.R. Notes, Net 125,752 6,428 37,676 4,880 8,889 11,664 2,743 19,323 4,478 1,366 6,305 8,057 13,943 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 111,282 5.446 33,564 4.208 7.831 10.229 2,209 17,433 3.899 1,129 5.617 7.237 12.480 Total collateral 125.752 6.428 37.676 4.880 8.889 11,664 2,743 19.323 4.478 1.366 6,305 9.057 . 13.943 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. * Estimated (St. Louis District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis