H.4.1 Factors Affecting Reserve Balances of Depository Institutions

. '.V tiOV'r FEDERAL RESERVE Factors Affecting Reserves of Depository Institutions and «AL RE' Condition Statement of F.R. Banks H.4.1. For immediate release November 6, 1981 Average s of daily figures (millions of dollars) RReesseerrvveess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss,, WWeeeekk eennddeedd Change from week ended Wednesday RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss NNoovveemmbbeerr 44,, October 28. 1 November 5. November 4, 1981 1981 1Q80 1981 Reserve Bank credit: 1 2 U.S. government securities- Bought outright—system account 123,796 + 339 •f 3,903 123,720 Held under repurchase agreements 182 + 182 - 973 1,276 Federal agency obligations- Bought outright * 8,646 -- K - 115 8,646 Held under repurchase agreements 37 + 37 - 279 259 Acceptances- Bought outright -- -- -- -- Held under repurchase agreements 95 + 95 - 335 664 Loans to depository institutions 1,237 + 50 - 641 1,941 Includes: seasonal borrowing of 134 - 13 + 62 135 extended credit of 452 - 12 + 452 100 Float 2,516 - 515 - 522 3,768 Other F.R. assets 9,761 + 403 + 3,345 10,391 Total Reserve Bank credit 146,270 + 592 + 4,383 150,665 Gold stock 11,152 -- - 11 11,152 Special Drawing Rights certificate account 3,318 -- + 50 3,318 TTrreeaassuurryy ccuurrrreennccyy oouuttssttaannddiinngg 13,651 + 8 + 129 13,651 174,391 + 599 + 4,551 178,786 Currency in circulation* 138,519 + 402 + 7,385 139,448 Treasury cash holdings* 448 - 2 - 12 450 Treasury deposits with F.R. Banks 3,410 + 341 + 1,119 3,197 Foreign deposits with F.R. Banks 423 + 105 + 113 403 Other deposits with F.R. Banks 773 + 178 + 326 726 Required clearing balances 82 + 4 + 82 82 Other F.R. liabilities and capital 5,234 + 204 + 449 5,092 148,890 + 1,232 + 9,463 149,398 - _ Reserve balances with F.R. Banks 3 25,501 633 4,911 29,388 Total vault cash 19,212 + 654 N/A 19,212 (a) Vault cash at institutions with required reserve balances 13,272 + 505 + 3,265 13,272 (b) Vault cash equal to required reserves at other institutions 2,021 + 62 N/A 2,021 (c) Surplus vault cash at other institutions4 3,919 + 87 N/A 3,919 Reserve balances + total vault cash3'5 44,738 + 22 N/A 48,625 Reserve balances + total vault cash used to satisfy reserve requirements5' 6 40,819 - 65 - 1,780 44,706 Required reserves 40,521 - 104 - 1,511 40,521 Excess reserve balances at F.R. Banks5, 7 298 + 39 - 269 4,185 On November 4, 1981 marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter national accounts were $ 91,154 million, an increase of $672 million for the week. 1 Net of $ 2,014 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ l,721million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. Government securities. 2 Net of $ 2,091 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 2,091 million was with foreign official and international accounts. Includes $ 257 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 November 4, 1981 October 28, 1981 November 5, 1980 ASSETS Gold certificate account 11,152 11 Special Drawing Rights certif. acct. 3,318 50 Coin 401 2 19 Loans 1,941 56 1,430 Acceptances- 664 664 223 Held under repurchase aggreements Federal agency abligations- 8,646 -- - 115 Bought outright 259 + 259 + 101 Held under repurchase agreements 1 U.S. government securities: 46,320 + 2,225 + 1,843 Bought outright-Bills 59,429 -- + 726 Notes 1177,,997711 -- ++ ' 1,163 Bonds 112233,,772200 + 2,225 ++ 3,732 Total bought outright 2 1,276 + 1,276 - 50 Held under repurchase agreements 1 124,996 + 3,501 + 3,682 Total U.S. government securities 136,506 + 4,480 + 2,461 Total loans and securities (2,485 ) 10,198 + 163 - 2,046 Cash items in process of collection 491 -- + 38 Bank premises 9,900 + 979 -f 3,648 Other assets 3 (2,485 ) 171,966 + 5,620 + 4,121 TOTAL ASSETS LIABILITIES Federal Reserve notes 126,648 896 7,229 Deposits: Depository institutions 29,470 + 3,332 - 3,707 U.S. Treasury—general account 3,197 + 355 + 133 Foreign—official accounts 403 + 139 + 167 Other (8) 726 + 158 + 305 Total deposits (8) 33,796 + 3,984 - 3,102 Deferred availability cash items (2,477) 6,430 + 479 - 597 Other liabilities and accrued dividends 4 2,255 + 255 + 360 TOTAL LIABILITIES (2,485) 169,129 + 5,614 + 3,890 CAPITAL ACCOUNTS _. Capital paid in 1,268 + 69 Surplus 1,203 — + 58 Other capital accounts 366 + 6 + 104 * 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 $ 2,091«nillion matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 257 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 $ 43 million in Treasury Bills maturing within 9 0days. 4 Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, NOVEMBER 4, 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 changes Holdings" Weekly changes Within 15 days 1,854 644 6,838 +2,417 259 +188 16 days to 90 days 87 24,193 +1,545 805 + 64 91 days to 1 year 31,373 - 642 1,472 + 7 Over 1 year to 5 years 34,870 + 181 4,781 Over 5 years to 10 years 11,519 1,015 Over 10 years 16,203 573 Total 1,941 664 124,996 +3,501 8.905 +259 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 November 4, 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 21 20 18 45 44 54 20 29 16 31 27 76 Loans 1,941 60 1,223 126 70 143 26 68 24 10 118 19 54 Acceptances held under repurchase agreements 664 -- 664 -- -- -- -- -- -- -- -- -- -- 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 1 259 -- 259 -. -- -- -- -- -- -- -- -- -- U.S. government securities: Bought outright-Bills 46,320 1,972 13,485 1,658 3,363 3,698 1,472 7,071 1,716 693 2,119 2,898 6,175 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 2 123,720 5,267 36,018 4,428 8,982 9,877 3,931 18,887 4,585 1,851 5,659 7,740 16,495 Held under repurchase agreements 1 1,276 -- 1,276 .._ -- -- -- -- -- -- -- _- -- Total U.S. government securities 124,996 5,267 37,294 4,428 8,982 9,877 3,931 18,887 4,585 1,851 5,659 7,740 16,495 Total loans and securities 136,506 5,695 41,957 4,863 9,680 10,710 4,232 20,275 4,930 1,990 6,172 8,300 17,702 Cash items in process of collection 12,683 501 615 283 901 2,299 1,790 1,921 546 694 1,300 1,475 358 Bank premises 491 98 22 52 26 98 36 17 14 28 22 14 64 Other assets 3 9,900 297 2,975 477 679 543 613 1,357 291 238 396 636 1,398 Interdistrict settlement account -0- •+ 457 +2,974 - 19 -983 + 459 - 1,455 - 849 - 380 -404 +296 - 6 - 90 TOTAL ASSETS 174,451 8,051 52,675 6,346 11,406 15,588 5,804 24,631 6,009 2,799 8,905 11,266 20,971 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 $ 2,091 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 257 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 $43 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 November 4, 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 126,648 6,464 38,112 4,991 8,965 11,725 2,693 19,397 4,521 1,374 6,340 8,104 13,962 Deposits: Depository Institutions 29,470 984 8,974 882 1,639 1,192 1,522 3,679 715 703 1,095 2,069 6,016 U.S. Treasury —general account 3,197 3,197 Foreign—official accounts 403 7 207 10 21 13 20 39 8 8 11 16 43 Other 734 642 1 25 4 56 2 1 1 1 1 Total deposits 33,804 991 13,020 892 1,661 1,230 1,546 3,774 725 712 1,107 2,086 6,060 Deferred availability cash items 8,907 419 403 268 400 2,296 1,244 642 520 578 1,225 735 177 Other liabilities and accrued dividends1 2,255 98 445 89 165 180 113 406 156 36 104 154 309 TOTAL LIABILITIES 171,614 7,972 51,980 6,240 11,191 15,431 5,596 24,219 5,922 2,700 8,776 11,079 20,508 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 366 13 72 13 24 29 21 55 14 14 20 30 61 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 174,451 85051 52,675 6,346 11,406 15,588 5,804 24,631 6,009 2,799 8,905 11,266 20,971 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 150,638 7,420 43,862 7,593 10,063 12,890 5,305 21,511 5,648 2,042 7,819 10,118 16,367 s-HeldbyF.R. Banks 23,990 956 5,750 2,602 1,098 1,165 2.612 2,114 1,127 668 1,479 2,014 2,405 F.R. Notes, Net 126,648 6,464 38,112 4,991 8,965 11,725 2,693 19,397 4,521 1,374 6,340 8,104 13,962 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 112,178 5,482 34,000 4,319 7,907 10,290 2,159 17,507 3.942 1.137 5.652 7,284 12,499 Total collateral 126,648 6,464 38.112 4,991 8,965 U...725_ 2,693 - 19,3jl_ _A.52.i 1.374 _.._6.34Q . 8.104 ,13.962 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