H.4.1 Factors Affecting Reserve Balances of Depository Institutions

r;*£~&J'- FEDERAL RESERVE Factors Affecting Reserves of Depository Institutions and Condition Statement of F.R. Banks H.4.1. For immediate release November 27, 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 2255,, JNovemoer IO, 1 NOV ember zt>, NNoovveemmbbeerr 2255,, 1981 1981 1980 1981 Reserve Bank credit: 1 2 U.S. government securities- Bought outright—system account 125,283 + 684 + 6,309 126,479 Held under repurchase agreements 1,113 - 239 - 1,063 309 Federal agency obligations- Bought outright 8,857 + 211 + 96 9,139 Held under repurchase agreements 191 - 7 - 131 50 Acceptances- Bought outright -- -- -- -- Held under repurchase agreements 392 - 110 + 80 164 Loans to depository institutions 337 - 224 - 1,878 656 Includes: seasonal borrowing of 69 - 33 - 46 45 extended credit of 123 - 3 + 123 123 Float 3,327 - 96 + 118 3,229 Other F.R. assets 9,653 - 366 + 3,499 9,940 Total Reserve Bank credit 149,153 - 147 + 7,030 149,966 Gold stock 11,152 -- - 11 11,152 Special Drawing Rights certificate account 3,318 -- - 50 3,318 Treasury currency outstanding 13,668 + 8 + 292 13.674 177,292 - 138 + 7,263 178,110 Currency in circulation * 140,955 + 196 + 7,875 141,685 Treasury cash holdings * 454 + 4 -- 456 Treasury deposits with F.R. Banks 2,841 - 374 - 105 2,905 Foreign deposits with F.R. Banks 310 - 28 + 1 302 Other deposits with F.R. Banks 591 - 105 + 204 720 Required clearing balances 95 + 6 + 95 95 Other F.R. liabilities and capital 5.583 + 178 + 798 5,520 150,828 - 124 + 8,868 151,683 Reserve balances with F.R. Banks3 26,464 - 14 - 1,604 26,427 Total vault cash 17,934 - 659 + 997 17,934 (a) Vault cash at institutions with required reserve balances 12,410 - 256 + 1,025 12,410 (b) Vault cash equal to required reserves at other institutions 1,916 - 76 + 1,186 1,916 (c) Surplus vault cash at other institutions4 3,608 - 327 - 1,214 3,608 Reserve balances + total vault cash3'5 44,421 - 674 - 713 44,384 Reserve balances + total vault cash used to satisfy reserve requirements5, 6 40,813 - 347 + 501 40,776 Required reserves 40,753 - 213 + 758 40,753 Excess reserve balances at F.R. Banks5, 7 60 1 - 134 - 257 23 On November 25, 1981 , marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter national accounts were $ 93,999 million, a decrease of $ 960 million for the week. 1 Net of $ 2,235 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 2,235million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. Government securities. 2 Net of $ 1,107 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 1,107 million was with foreign official and international accounts. Includes $ 313 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 $ 23 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 25, 1981 November 18, 1981 1 November 26, 1980 ASSETS Gold certificate account 11,152 10 Special Drawing Rights eertif. acct. 3,318 - 50 Coin 398 1 13 Loans 656 788 -3,329 Acceptances- 164 492 - 223 Held under repurchase aggreements Federal agency abligations— 9,139 + 493 + 378 Bought outright 50 - 324 - 275 Held under repurchase agreements 1 U.S. government securities: 48,979 +2,142 +5,329 Bought outright—Bills 59,207 + 589 Notes 18,293 +1,400 Bonds 126,479 +2 ,142 +7 ,318 Total bought outright 2 309 -1 ,266 -1 ,172 Held under repurchase agreements "* 126,788 + 876 +6 146 Total U.S. government securities 136,797 - 235 +2 697 Total loans and securities ^3,192 ) 9,756 - 153 - 501 Cash items in process of collection 495 + 2 + 38 Bank premises 9,445 + 370 +3 404 Other assets 3 (3,192 ) 171,361 - 17 +5 ,565 TOTAL ASSETS LIABILITIES Federal Reserve notes 128,865 + 595 +7,555 Deposits: _ Depository institutions 26,522 644 -3,622 U.S. Treasury—general account 2,905 - 241 + 582 Foreign—official accounts 302 + 18 + 23 Other 720 + 198 + 259 Total deposits 30,449 - 669 -2,758 Deferred availability cash items J(3,192 ) 6,527 - 78 - 131 Other liabilities and accrued dividends 4 2,677 + 125 + 699 TOTAL LIABILITIES |(3,192 ) 168,518 - 27 +5,365 CAPITAL ACCOUNTS Capital paid in 1,269 „ + 70 Surplus 1,203 — + 58 Other capital accounts 371 + 10 + 72 * 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-purciiase transactions to foreign official and international accounts, of which $1,006 million was outstanding at the end of the lat,est statement week. 2 Net of $1,107 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $313 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 $57 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. MATURITY DISTRIBUTION OF LOANS AND SECURITIES NOVEMBER 25, 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 641 164 7,553 +1,257 259 -320 16 days to 90 days 15 __ 22,170 - 317 599 - 77 91 days to 1 year — — 33,609 64 1,482 + 86 Over 1 year to 5 years — — 35,343 — 5,269 +488 Over 5 years to 10 years — — 11,587 __ 1,007 - 8 Over 10 years 1166,,552266 — 557733 Total 665566 116644 112266,,778888 + 876 99,,118899 +159 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 25, 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 398 21 21 20 43 43 51 21 30 16 30 27 75 Loans 656 8 174 47 82 57 25 138 18 3 52 42 10 Acceptances held under repurchase agreements 164 -- 164 -- — -- — — -- -- -- -- -- Federal agency obligations: Bought outright 9,139 389 2,661 327 663 730 290 1,395 339 137 418 572 1,218 Held under repurchase agreements 1 50 -- 50 -- -- — -- -- -- -- -- -- -- U.S. government securities: Bought outright—Bills 48,979 2,085 14,259 1,752 3,556 3,910 1,557 7,477 1,816 732 2,240 3,065 6,530 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 2 126,479 5,384 36,821 4,526 9,182 10,097 4,019 19,309 4,688 1,892 5,785 7,913 16,863 Held under repurchase agreements 1 309 — 309 -- -- -- — -- -- -- -- -- -- Total U.S. government securities 126,788 5,384 37,130 4,526 9,182 10,097 4,019 19,309 4,688 1,892 5,785 7,913 16,863 Total loans and securities 136,797 5,781 40,179 4,900 9,927 10,884 4,334 20,842 5,045 2,032 6,255 8,527 18,091 Cash items in process of collection 12,948 358 1,428 331 1,201 2,876 1,474 1,170 533 713 1,245 1,278 341 Bank premises 495 98 22 52 27 98 36 17 14 28 22 15 66 Other assets 3 9,445 261 2,703 358 765 477 592 1,691 257 248 355 505 1,233 Interdistrict settlement account -0- + 319 +2,608 - 358 -1,390 + 571 - 972 -1,098 - 514 - 672 + 420 + 593 + 493 TOTAL ASSETS 174,553 7,820 51,073 5,975 11,631 16,384 6,049 24,533 5,944 2,602 9,015 11,765 21,762 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 $ 1,006 million was outstanding at the end of the latest statement week. 2 Net of $ 1,107 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 313 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 $57 million to 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 25, 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 128,865 6,731 38,383 5,053 8,941 11,984 2,957 19,494 4,590 1,402 6,445 8,289 14,596 DeDOsits: Depository Institutions 26,522 599 6,878 503 1,859 1,294 1,669 3,132 721 416 1,143 2,092 6,216 U.S. Treasury —general account 2,905 2,905 Foreign—official accounts 302 7 106 10 21 13 20 39 8 8 11 16 43 Other 720 1 635 1 1 15 2 58 1 2 2 2 Total deposits 30,449 607 10,524 514 1,881 1,322 1,691 3,229 730 424 1,156 2,110 6,261 Deferred availability cash items 9,719 304 1,038 220 352 2,741 1,074 562 454 640 1,184 1,015 135 Other liabilities and accrued dividends 1 2,677 100 400 84 244 182 123 844 85 38 104 159 314 TOTAL LIABILITIES 171,710 7,742 50,345 5,871 11,418 16,229 5,845 24,129 5,859 2,504 8,889 11,573 21,306 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 Other capital accounts 371 12 104 11 22 27 17 47 12 13 17 35 54 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 174,553 7,820 51,073 5,975 11,631 16,384 6,049 24,533 5,944 2,602 9,015 11,765 21,762 FEDERAL RESERVE AGENTS' ACCOUNTS F.R notes outstanding 150,992 7,494 43,768 7,519 10,023 13,087 5,388 21,210 5,623 2,040 7,860 10,193 16,787 Less - Held by F.R. Banks 22,127 763 5,385 2,466 1,082 1,103 2,431 1,716 1,033 638 1,415 1,904 2,191 F.R. Notes, Net 128,865 6,731 38,383 5,053 8,941 11,984 2,957 19,494 4,590 1,402 6,445 8,289 14,596 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 114,395 5,749 34,271 4,381 7,883 10,549 2,423 17,604 4,011 1,165 5,757 7,469 13,133 Total collateral 128,865 6,731 38,383 5,053 8,941 11,984 2,957 19,494 4,590 1,402 6,445 8,289_ _ _ 14,596 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