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 November 13, 1981 Averages of daily figures (millions of dollars) Reserves of depository institutions, Week ended Change from week ended Wednesday Reserve Bank credit, and related items Nov. 11, 1981 Nov. 4, 1981 I Nov. 12, 1980 Nov. 11, 1981 Reserve Bank credit: U.S. government securities- Bought outright-system account 123,526 270 -HV.679 123,584 Held under repurchase agreements 182 -1,518 Federal agency obligations- Bought outright 8,646 - 115 8,646 Held under repurchase agreements 37 - 473 Acceptances- Bought outright Held under repurchase agreements 95 - 623 Loans to depository institutions 965 272 -1,102 2,434 Includes: seasonal borrowing of 130 4 + 34 122 extended credit of 115 337 + 115 135 Float 2,722 270 -1,616 1,260 Other F.R. assets 10,170 409 +3^545 10.409 Total Reserve Bank credit 146,029 177 +2, 777 146,333 Gold stock 11,152 - 11 11,152 Special Drawing Rights certificate account 3,318 + 50 3,318 Treasury currency outstanding 13,657 + 281 13,658 174,156 - 171 +3, 097 174,461 Currency in circulation** 139,993 +1, 473 +7, 468 140,926 Treasury cash holdings* * 450 + 3 - 15 450 Treasury deposits with F.R. Banks 3,052 - 358 - 10 2,720 Foreign deposits with F.R. Banks 269 - 154 - 40 280 Other deposits with F.R. Banks 652 - 121 + ' 320 631 Required clearing balances 87 + 5 + 87 87 Other F.R. liabilities and capital 5.186 - 48 + 478 5,180 149,689 + 799 46,289 150,274 Reserve balances with F.R. Banks V 24,467 - 970 -5, 191 24,187 Total vault cash 19,403 + 191 N/A 19,403 (a) Vault cash at institutions with required reserve balances 13,322 + 50 +3 ,140 13,322 (b) Vault cash equal to required reserves at other institutions 2,091 + 70 N/A 2,091 (c) Surplus vault cash at other institutions4 3,990 + 71 N/A 3,990 Reserve balances + total vault cash35 43,894 - 780 N/A 43,614 Reserve balances + total vault cash used to satisfy reserve requirements5- 6 39,904 - 851 186 39,624 39,637 - 884 ,049 39,637 Required reserves Excess reserve balances at F.R. Banks5, 267 . • -f- 33 . „ 221. On November 11 1981 marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter national accounts were $ 92,159 million, an increase of $1,005 million for the week. MZtof $2,329 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $1191 million was with foreign official and international accounts. Includes securities loaned-fully secured by U^ Government secum.es. 2 Net of $ 2 343 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 2,343 Sion was^ith foreign official and international accounts. Includes $ 212 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 AdjustedI toirrclude $ 24 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19,1975. 6 S S f b a ^ es with Federal Reserve Banks (which exclude required clearing balances) plus vault cash at institutions with required reserve balances DIUS vault cash equal to required reserves at other institutions. „an** 7 StZSTt£ an£ wi* Friera. Rese^e Banks (which exclude required clearing balances) plus vault cash used to sat.sfy reserve requ.rements less^,u"ed Serves. (This measure of excess reserves is comparable to the old excess reserve concept publ.shed h.stoncally.) • Estimated (Cleveland 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 ** WWeeddnneessddaayy **** November 11, 1981 November 4, 1981 Novemb sr 12, 1980 ASSETS Gold certificate account 11,152 1111 Special Drawing Rights certif. acct. 3,318 + 5500 Coin 402 + 1 _ 17 Loans 2,434 + 493 + 339 Acceptances- Held under repurchase aggreements 664 429 Federal agency abligations— Bought outright 8,646 115 Held under repurchase agreements 1 259 522 U.S. government securities: Bought outright—Bills 46,184 _ 136 + 4,681 Notes 59,429 + 726 BBoonnddss 17,971 — + 1,163 TToottaall bboouugghhtt oouuttrriigghhtt 22 123,584 _ 136 + 6,570 HHeelldd uunnddeerr rreeppuurrcchhaassee aaggrreeeemmeennttss 11 - 1,276 1,036 TToottaall UU..SS.. ggoovveerrnnmmeenntt sseeccuurriittiieess 123,584 _ 1,412 + 5 534 Total loans and securities 134,664 ~ ~~1,842 ' + 4,807 Cash items in process of collection (24,598 ) 8,922 _ 1,276 3,426 Bank premises 490 _ 1 + 37 Other assets 3 9,919 + 19 + 3,452 TOTAL ASSETS (24,598 ) 168,867 3,099 " + 4,892 LIABILITIES Federal Reserve notes 128,120 + 1,472 + 7,230 Deposits: Depository institutions 24,274 - 5,196 - 3,585 U.S. Treasury-general account 2,720 _ 477 _ 43 Foreign—official accounts 280 - 123 _ 118 Other (22,389 ) 631 - 95 + 320 Total deposits (22,389 ) 27,905 - 5,891 _ 3,426 Deferred availability cash items ( 2,209 ) 7,662 + 1,232 + 516 Other liabilities and accrued dividends 4 2,158 _ 97 + 166 TOTAL LIABILITIES (24,598 ) 165,845 - 3,284 " + 4,486 CAPITAL ACCOUNTS Capital paid in 1,268 + 69 Surplus 1,203 — + 58 Other capital accounts 551 + 185 + 279 * Figures in parentheses are the eliminations made in the consolidating process 1 Does not include U.S. government and federal agency securities resold unaer matched sale-purchase transaction sto forPi.n > Neo" \TtklT^ r \T°TS' ^ WhiCh $'°- mUli°n WaS 0ut8t-<^ « the end o/the he wLk ' f,,9 $2'343minion matched sale-purchase transactions outstanding at the end of the latest statement week Includes >2U million securities loaned-fully secured by U.S. government securities. statement week. 3 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates Includes special investment account at Chicago of $ 54 Blnlon ln Treasury Bills maturi ^^ yo * ' commit^nts! ge"tranSlati°n ^^ refleCtil* t he -nthly revaluation at market exchange rates of foreign exchange ** Estimated (Cleveland District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, November 11, 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 2,353 — 3,453 - 3,385 119 140 16 days to 90 days 81 — 25,142 + 949 686 119 91 days to 1 year — — 32,397 + 1,024 1,472 -- Over 1 year to 5 years — 34,870 __ 4,781 Over 5 years to 10 years — — 11,519 1,015 Over 10 years — 1166,,220033 — 557733 — • — Total 2,434 — 112233,,558844 - ' 1,412 88,,664466"" 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 11, 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 certlf. acct. 3,318 165 951 141 253 288 98 519 129 48 154 192 380 Coin 402 21 20 19 45 42 54 20 31 16 30 29 7.c. Loans 2,434 132 8 51 396 129 32 240 19 165 151 147 964 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 46,184 1,966 13,446 1,653 3,353 3,687 1,468 7,050 1,711 691 2,112 2,890 6,157 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 2 123,584 5,261 35,979 4,423 8,972 9,866 3,927 18,866 4,580 1 ,849 5,652 7,732 16,477 Held under repurchase agreements 1 -- -- -- -- -- — — -- -- -- -- -- -- Total U.S. government securities 123,584 5,261 35,979 4,423 8,972 9,866 3,927 18,866 4,580 1 ,849 5,652 7,732 16,477 Total loans and securities 134,664 5,761 38,504 4,783 9,996 10,685 4,234 20,426 4,920 2 ,143 6,198 8,420 18,594 Cash items in process of collection 33,520 990 12,981 836 976 2,828 3,220 3,344 721 1 ,796 1,812 1,836 2,180 Bank premises 490 98 22 52 26 98 35 17 14 28 22 14 64 Other assets 3 9,919 303 2,993 384 695 551 616 1,469 293 238 404 562 1,411 Interdistrict settlement account -0- - 239 - 8,620 -507 +2,476 - 292 -1,464 -4,058 - 707 -420 - 231 - 11 +14,073 TOTAL ASSETS 1 193,465 7.916 50,012" 6,239 " 15,272~~" 15T54T 7,229 " 23,108" 5,85r~ 4 7GW 8.97T 11.673" 37T3SU~~ 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 $ -o- million was outstanding at the end of the latest statement week. 2 Net of $ 2.343 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 212 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 $54 million in Treasury Bills maturing within 90 days. * Estimated (Cleveland 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 November 11, 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 128,120 6,559 38,414 5,125 9,069 11,876 2,791 .19,604 4,588 1,392 6,379 8,160 14,163 Deposits: Depository Institutions 24,274 851 7,417 647 871 914 1,487 1,957 598 571 1,041 2,149 5,771 U.S. Treasury -general account 2,720 1,350 239 1,131 Foreign -official accounts 280 7 84 10 21 13 20 39 8 8 11 16 43 Other l 23.020 541 4.522 25 1,103 56 1 942 2 1 15,827 Total deposits 50,294 858 9,392 657 5,414 952 2,610 2,052 607 1,760 1,054 2,166 22,772 Deferred availability cash items 9,871 308 1,061 249 403 2,156 1,493 603 471 753 1,242 977 155 Other liabilities and accrued dividends 2.158 100 374 93 170 186 119 398 87 38 108 164 321 TOTAL LIABILITIES 190,443 7,825 49,241 6,124 15;056 15,170 7,013 22,657 5,753 3,943 8,783 11,467 37,411 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 551 25 148 22 25 49 29 94 25 10 31 46 47 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 193,465 7,916 50,012 6,239 15,272 15,347 7,229 23,108 5,851 4,038 8,923 11,670 37,860 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 150,530 7,392 43,956 7,568 10,102 12,865 5,246 21,501 5,653 2,037 7,805 10,134 16,271 Less - Held by F.R. Banks 22,410 833 5.542 2.443 1.033 989 2.455 1.897 1.065 645 1,426 1,974 2,108 F.R. Notes, Net 128,120 6,559 38,414 5,125 9,069 11,876 2,791 19,604 4,588 1,392 6,379 8,160 14,163 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 113.650 5.577 34.302 4.453 8.011 10.441 2.257 17.714 4.009 1,155 5.691 7.340 12.700 Total collateral 128,120 6,559 38,414 5,125 9,069 11,876 2,791 19,604 4,588 1,392 6,379 8.160 14.163 1 Includes payments due to other Reserve Banks from Cleveland and San Francisco. 2 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. * Estimated (Cleveland District.) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis