H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Reserves of Deposi ' Institutions and Condition Statement of F.R. Banks H.4.1. For immediate release November 20, 1981 Averages of daily figures (millions of dollars) RReesseerrvveess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss,, WWeeeekk eennddeedd Change from week ended !! WWeeddnneessddaayy RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss NNoovveemmbbeerr 1188,, November TT", November iy, !! NNoovveemmbbeerr 1188,, 11998811** 1981 1980 11998811 ** Reserve Bank credit: 1 2 U.S. government securities- Bought outright-system account 124,599 1,073 + 5,623 124,337 Held under repurchase agreements 1,352 + 1,352 + 197 1,575 Federal agency obligations- Bought outright 8,646 115 8,646 Held under repurchase agreements 198 + 198 + 45 374 Acceptances- Bought outright Held under repurchase agreements 502 + 502 + 307 656 Loans to depository institutions 561 404 1,418 1,444 Includes: seasonal borrowing of 102 28 + 6 87 extended credit of 126 + 15 + 126 118 Float 3,428 + 534 1,686 3,287 Other F.R assets 10,028 - 144 + 3,713 9,630 Total Reserve Bank credit 149,314 + 3,111 + 6,666 149,949 Gold stock 11,152 -- - 11 11,152 Special Drawing Rights certificate account 3,318 36 3,318 Treasury currency outstanding 13,660 + 3 + 284 13,666 177,444 + 3,114 + 6,903 178,085 Currency in circulation** 140,785 + 780 + 7,626 141,266 Treasury cash holdings** 450 + 1 26 450 Treasury deposits with F.R. Banks 3,215 + 163 253 3,146 Foreign deposits with F.R. Banks 338 + 69 + 30 284 Other deposits with F.R. Banks 695 + 43 320 517 Required clearing balances 89 2 + 89 89 Other F.R. liabilities and capital 5,387 + 197 + 713 5,256 150,959 + 1,256 + 8,498 151,008 Reserve balances with F.R. Banks -* 26,486 + 1,859 - 1,593 27,077 Total vault cash 18,593 - 810 + 1,243 18,593 ( ( b a) ) V V a a u u l l t t c c a a s s h h a e t q u in a s l t t i o tu t r i e o q n u s i r w ed it h re r s e e q rv u e i s re a d t r o e t s h e e rv r e i n b s a t la it n u c ti e o s n s 1 1 2 , , 9 6 9 6 2 6 _ 65 9 6 9 + + 1 1 , , 1 2 1 6 3 2 1 1 2 , , 9 6 9 6 2 6 (c) Surplus vault cash at other institutions4 3,935 55 - 1,132 3,935 Reserve balances + total vault cash3'5 45,103 + 1,049 485 45,694 Reserve balances + total vault cash used to satisfy reserve requirements ' 6 ; 41,168 + 1,104 + 647 41,759 Required reserves 40,966 + 1,329 + 949 40,966 Excess reserve balances at F.R. Banks5, 7 202 - 225 - 302 793 On November 18, 1981 , marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter national accounts were $ 94,959 million, an increase of $2,800 million for the week. 1 Net of $ 2 ,534 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 2,534mil!ion was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. Government securities. 2 Net of $2 972 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 2,972 million was with foreign official and international accounts. Includes $ 421 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 (Chicago 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 ** November 1.8, I 981] November 11. 1981 I November 19. 1980 ASSETS Gold certificate account II,152 J.1 Special Drawing Rights certif. acct. 3,318 50 Coin 399 3 20 Loans 1,444 990 1,024 Acceptances- 656 656 282 Held under repurchase aggreements Federal agency abligations- 8,646 - 1 ID Bought outright 374 •H 3 74 + 231 Held under repurchase agreements 1 U.S. government securities: 46,837 + 653 + 3 ,203 Bought outright-Bills 59,207 - 222 + 589 Notes 18,293 + 322 + 1 -±(-V.L. Bonds 124,337 + 753 5 Total bought outright 2 1 ,575 -r , ~> 7 3 - 970 Held under repurchase agreements 1| 125,912 + :7328 + u 222 Total U.S. government securities 137,032 + 2 , 368 + 3 596 Total loans and securities (2,769 ) 9,284 - 241 - 2 771 Cash items in process of collection 493 + 3 + 38 Bank premises Oth T e O r T as A s L e ts A S 3 SETS (2,769 ) i70 9 , , 8 1 1 3 5 7 _ 773 8 2 0 5 2 " + -t- 3_ V 63 I 0 1 LIABILITIES Federal Reserve notes Deposits: 128,449 286 ,600 Depository institutions 27,166 + 2,892 - 2,380 U.S. Treasury-general account 3,146 + 426 - 331 Foreign—official accounts 284 + 4 -t- 48 Other ( 87 ) 517 - 114 + 154 Total deposits ( 87 ) 31,113 + 3,208 - 2,709 Deferred availability cash items (2,682 ) 5,997 - 2,223 - 1 ,077 Other liabilities and accrued dividends 4 22,,442233 + 26 5 ++ >69 TOTAL LIABILITIES (2,769 )) 116677,,998822 + 1 ,536 4,133 CAPITAL ACCOUNTS Capital paid in 1 ,269 + 1 + 69 Surplus 1 ,203 — + 38 Other capital accounts 361 - 21.2 + 102 Figures in parentheses are the eliminations made in the consolidating process. Does not include U.S. government and federal Includes assets denominated investment account T c h ^ o ^ T s O8" C"[[e"Cies'./eva^ -ontiay at market exchange rates. Includes special includes exchange- at Chicago or * 30 million in Treasury hills maturing within 90 days, commitments . translation account retlectln* the monthly revaluation at market exchange rates or foreignlg n execxhcahna,n ge **Estiinated (Chicago District) . MATURITY DISTRIBUTION OF LOANS AND SECURITIES f November 13, 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 1,389 656 6,296 + 2,843 579 + 460 16 days to 90 days 55 — 22,487 - 2,655 676 - 10 91 days to 1 year — — 33,673 + 1,276 1,396 - 76 Over 1 year to 5 years — — 35,343 + 473 4,781 Over 5 years to 10 years — — 11,587 + 68 1,015 Over 10 years -- 1166,,552266 ++ 332233 57 3 Total 1,444 ~~665566~~ TT2255"",,991122 ++ ""22,,332288 9,020 + 374 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 18, 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 399 21 21 20 43 42 52 22 31 15 29 29 74 Loans 1,444 8 1,011 66 9 24 28 56 12 6 104 48 72 Acceptances held under repurchase agreements 656 -- 656 -- -- -- -- -- -- — -- -- -- 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 1 374 -- 374 -- -- -- -- -- -- _. .- .- — U.S. government securities: Bought outright—Bills 46,837 1,994 13,636 1,676 3,401 3,739 1,489 7,149 1,736 700 2,142 2,931 6,244 Notes 59,207 2,520 17,237 2,119 4,298 4,727 1,881 9,039 2,194 886 2,708 3,704 7,894 Bonds 18,293 779 5,325 655 1,328 1,460 581 2,793 678 274 837 1,144 2,439 Total bought outright 2 124,337 5,293 36,198 4,450 9,027 9,926 3,951 18,981 4,608 1 ,860 5,687 7,779 16,577 Held under repurchase agreements 1 1,575 -- 1,575 -- __ -- -- -- -- -- -- -- -- Total U.S. government securities 125,912 5,293 37,773 4,450 9,027 9,926 3,951 18,981 4,608 1 ,860 5,687 7,779 16,577 Total loans and securities 137,032 5,669 42,331 4,825 9,664 10,640 4,254 20,357 4,941 1 ,995 6,186 8,368 17,802 Cash items in process of collection 12,053 451 1,186 355 593 2,608 1,546 1,118 675 621 1,323 1,089 488 Bank premises 493 98 22 52 27 98 36 17 14 28 22 15 64 Other assets 3 9,137 251 2,670 340 594 461 572 1,697 255 221 347 490 1,239 Interdistrict settlement account -0- +258 +2,089 -202 -1,111 + 417 - 906 -1,503 - 404 -310 + 504 +1,144 + 24 TOTAL ASSETS J73,5»4~ /,/3U~ 32,431~ 6,062 10.868 15.701 6,oa.8_ 23^_9J3_ 6_*H9_L_Z ZT ,807. 9.099" 11,955" 21.154 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 $ 2,972 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 421 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 $50 million in Treasury Bills maturing within 90 days. •^Estimated (Chicago 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 18, 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 128,449 6,688 38,291 5,044 8,956 11,943 2,947 19,554 4,554 1,396 6,409 8,205 14,462 Deposits: Depository Institutions 27,166 532 8,161 597 1,161 1,074 1,678 2,849 821 720 1,255 2,642 5,676 U.S. Treasury —general account 3,146 3,146 Foreign—official accounts 284 7 87 10 21 14 20 39 8 8 11 16 43 Other 604 535 1 14 1 47 1 1 2 1 1 Total deposits 31,200 539 11,929 607 1,183 1,102 1,699 2,935 830 729 1,268 2,659 5,720 Deferred availability cash items 8,679 323 1,018 215 344 2,318 1,101 127 536 546 1,202 757 192 Other liabilities and accrued dividends ^ 2,423 100 454 93 174 186 136 570 86 38 107 161 318 TOTAL LIABILITIES 170,751 7,650 51,692 5,959 10,657 15,549 5,883 23,186 6,006 2,709 8,986 11,782 20,692 CAPITAL ACCOUNTS Capital paid in 1,269 33 318 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 OOtthheerr ccaappiittaall aaccccoouunnttss 361 14 115 10 20 24 18 55 12 13 4 16 60 TTOOTTAALL LLIIAABBIILLIITTIIEESS AANNDD CCAAPPIITTAALL AACCCCOOUUNNTTSS 173,584 7,730 52,431 6,062 10,868 15,701 6,088 23,598 6,091 2,807 9,099 11,955 21,154 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 150,848 7,481 43,820 7,547 10,012 13,077 5,434 21,222 5,613 2,045 7,842 10,157 16,598 LLeessss--HHeelldd bbyy FF..RR.. BBaannkkss 22.399 793 5,529 2,503 1,056 1,134 2,487 1,668 1,059 649 1.433 1.952 2.136 FF..RR.. NNootteess,, NNeett 128,449 6,688 38,291 5,044 8,956 11,943 2,947 19,554 4,554 1,396 6,409 8,205 14,462 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 45 45 U.S. govt, and agency securities 113,934 5,661 34,179 4,372 7,898 10.508 2,413 17,664 3.975 1,159 5,721 7,385 12,999 Total collateral 128,449 6,688 38,291 5,044 8,956 11,943 2,947 19,554 4,554 1,396 6,409 8,205 14,462 1. Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange conunitments. * Estimated (Chicago District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis