H.4.1 Factors Affecting Reserve Balances of Depository Institutions

•iSS&Li, FEDERAL RESERVE •7**Acmy.- Factors Affecting Reserves of Depository Institutions and Condition Statement of F.R. Banks H.4.1. For immediate release December 4, 1981 Averages of daily figures (millions of dollars) RReesseerrvveess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss,, WWeeeekk eennddeedd Change from week ended Wednesday RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss DDeecceemmbbeerr 22,, WovemDer 'Z5", ' December 3, December 2, 11998811** 1981 1980 1981* Reserve Bank credit: 1 2 U.S. government securities- Bought outright-system account 125,199 84 + 7,088 125,325 Held under repurchase agreements 976 137 39 2,228 Federal agency obligations- Bought outright 9,130 + 273 + 373 9,129 Held under repurchase agreements 166 25 54 383 Acceptances- Bought outright Held under repurchase agreements 398 + 6 + 119 778 Loans to depository institutions 317 20 1,825 396 Includes: seasonal borrowing of 41 28 69 28 extended credit of 125 + 2 + 125 120 Float 4,032 + 539 1,529 4,394 Other F.R. assets 9,901 + 248 + 3,429 10,149 Total Reserve Bank credit 150,120 + 801 + 7,563 152,782 Gold stock 11,152 10 11,152 Special Drawing Rights certificate account 3,318 50 3,318 Treasury currency outstanding 13,676 + 8 + 122 13,679 178,266 + 808 + 7,625 180,931 Currency in circulation** 141,853 + 898 + 7,597 142,467 Treasury cash holdings** 447 6 3 447 Treasury deposits with F.R. Banks 3,028 + 187 + 183 3,702 Foreign deposits with F.R. Banks 335 + 25 + 12 303 Other deposits with F.R. Banks 731 + 140 + 259 661 Required clearing balances 99 + 4 + 99 99 Other F.R. liabilities and capital i 5,759 + 176 + 974 5,806 152,253 1 + 1,425 + 9,122 153,485 Reserve balances with F.R. Banks 3 26,014 616 1,496 27,447 Total vault cash 19,360 + 1,426 + 1,043 19,360 (a) Vault cash at institutions with required reserve balances 13,359 + 949 + 946 13,359 (b) Vault cash equal to required reserves at other institutions 2,053 + 137 + 1,313 2,053 (c) Surplus vault cash at other institutions4 3,948 4- 340 1,216 3,948 Reserve balances + total vault cash3*5 45,396 + 809 559 46,829 Reserve balances + total vault cash used to satisfy reserve requirements5, 6 41,448 + 469 + 657 42,881 Required reserves 41,230 + 477 + 1,320 41,230 Excess reserve balances at F.R. Banks5, 7 218 8 663 1,651 On December 2, 1981, , marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter national accounts were $ 96,054 million, an increase of $ 2,055 million for the week, 1 Net of $ 2,597 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $2,597 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. Government securities. 2 Net of $3,534 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 3,534 million was with foreign official and international accounts. Includes $ 250 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 $ 22 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19,1975. 8 Reserve balances with Federal Reserve Banks (which exclude required clearing balances) plus vault cas hat institutions with required reserve balances plus vault cash equa lto required reserves at other institutions. 7 Reserve balances with Federal Reserve Banks (which exclude required clearing balances) plus vault cash use dto satisfy reserve requirements less required reserves. (This measure of excess reserves is comparable to the old excess reserve concept published historically.) * 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 **** December 2, 1981 November 25, 1981 December 3, 1980 ASSETS Gold certificate account 1111,,115522 1100 Special Drawing Rights cert if acct. 33,,331188 5500 Coin 387 _ 11 _ 13 Loans 396 _ 260 959 Acceptances- Held under repurchase aggreements 778 + 614 + 778 Federal agency abligations— Bought outright 9,129 _ 10 + 377 Held under repurchase agreements 1 383 + 333 + 383 U.S. government securities: Bought outright—Bills 47,825 _ 1,154 + 8,659 Notes 59,207 + 589 Bonds 1133,,229933 ±± 1.400 Total bought outright 2 112255,,332255 _ 1,154 ++ 10,648 Held under repurchase agreements 1 2.228 __++ 11,,991199 + Total U.S. government securities 127.553 ++ 776655 + --1122,,997766 Total loans and securities 138,239 + 1,442 + 1133,,445555 Cash items in process of collection (3,166 ) 11,084 + 1,328 + 235 Bank premises 480 - 15 + 24 Other assets 3 9,669 + 224 + 3,024 TOTAL ASSETS (3,166 ) 174,329 + 2,968 + 16,665 LIABILITIES Federal Reserve notes 129,621 + 756 + 7,292 Deposits: , Depository institutions 27,546 + 1,024 + 7,445 U.S. Treasury—general account 3,702 + 797 + 586 Foreign—official accounts 303 + 1 + 20 Other 661 _ 59 + 270 Total deposits 32,212 + 1,763 + 8,321 Deferred availability cash items (3,166 ) 6,690 + 163 _ 293 Other liabilities and accrued dividends 4 4- 1 S4 + Q4^ TOTAL LIABILITIES (3,166 ) 171,354 + 2,836 + 16,263 CAPITAL ACCOUNTS Capital paid in 1,270 + 1 + 71 Surplus 1,203 + 58 Other capital accounts 502 + 131 + 273 * 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 $3,534 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $250 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 $58 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 (Cleveland District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES , December 2, 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 376 778 7,052 501 477 + 218 16 days to 90 days 20 23,638 1,468 779 + 180 91 days to 1 year 33,118 491 1,443 39 Over 1 year to 5 years 35,632 289 5,236 33 Over 5 years to 10 years 11,587 1,004 3 Over 10 years 16,526 573 Total 396 778 127,553 765 9,512 323 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 December 2, 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 8X7 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 387 20 20 21 41 43 49 19 30 15 29 27 73 Loans 396 2 206 44 4 4 25 18 7 3 42 40 1 Acceptances held under repurchase agreements 778 -- 778 -- -- -- — -- -- -- -- -- -- Federal agency obligations: Bought outright 9,129 389 2,658 327 663 729 290 1,394 338 136 417 571 1,217 Held under repurchase agreements 1 383 -- 383 — -- -- -- -- — -- -- -- — U.S. government securities: Bought outright-Bills 47,825 2,036 13,924 1,711 3,472 3,818 1,520 7,301 1,773 715 2,187 2,992 6,376 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 2 125,325 5,335 36,486 4,485 9,098 10,005 3,982 19,133 4,645 1 ,875 5,732 7,840 16,709 Held under repurchase agreements 1 [ 2,228 — 2,228 -- -- -- -- -- -- _- -- -- -- Total U.S. government securities 127,553 { 5,335 38,714 4,485 9,098 10,005 3,982 19,133 4,645 1 ,875 5,732 7,840 16,709 Total.loans and securities 138,239 5,726 42,739 4,856 9,765 10,738 4,297 20,545 4,990 2 ,014 6,191 8,451 17,927 Cash items in process of collection 14,250 433 1,662 413 749 3,024 1,865 1,573 697 618 1,381 1,275 560 Bank premises 480 98 22 52 27 99 19 17 14 28 22 15 67 Other assets 3 9,669 273 2,776 385 637 486 628 1,767 264 260 407 517 1,269 Interdistrict settlement account -0- + 354 +2,697 - 309 -1,062 + 468 -1,130 - 1,813 -502 - 277 -1- 347 + 579 + 64.8 TOTAL ASSETS 1 177,495 1 7,886 54,028 6,090 11,215 16,293 6,262 23,998 6,072 2 ,895 9,065 11,684 22,007 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 $ 3,534 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 250 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 $58 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 December 2, 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 129,621 6,769 38,583 5,150 9,030 12,059 2,957 19,466 4,628 1,414 6,505 8,346 14,714 Deposits: Depository Institutions 27,546 657 8,740 548 1,455 1,188 1,717 2,424 682 742 1,066 2,010 6,317 U.S. Treasury-general account 3,702 3,702 Foreign-official accounts 303 8 94 11 22 14 21 41 9 9 12 17 45 Other 661 1 575 1 18 1 60 2 1 2 Total deposits 32,212 666 13,111 559 1,478 1,220 1,739 2,525 691 751 1,080 2,028 6,364 Deferred availability cash items 9,856 270 945 179 313 2,672 1,213 706 b80 592 1,244 949 193 Other liabilities and accrued dividends 1 2,831 99 627 85 170 180 141 877 84 36 105 167 260 TOTAL LIABILITIES 174,520 7,804 53,266 5,973 10,991 16,131 6,050 23,574 5,983 2,793 8,934 11,490 21,531 CAPITAL ACCOUNTS Capital paid in 1,270 33 318 46 96 66 97 180 37 47 57 84 209 Surplus 1,203 33 306 46 95 62 90 177 36 38 52 74 194 Other capital accounts 502 16 138 25 33 34 25 67 16 17 22 36 73 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 177,495 7,886 54,028 6,090 11,215 16,293 6,262 23,998 6,072 2,895 9,065 11,684 22,007 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 151,168 7,594 43,784 7,497 10,030 13,114 5,325 21,210 5,619 2,035 7,885 10,164 16,911 Less - Held by F.R. Banks 21,547 825 5.201 2.347 1.000 1.055 2.368 1,744 991 621 1.380 1.818 2.197 FF..RR.. NNootteess,, NNeett 129,621 6,769 38,583 5,150 9,030 12,059 2,957 19,466 4,628 1,414 6,505 8,346 14,714 CCoollllaatteerraall hheelldd aaggaaiinnsstt FF..RR.. nnootteess:: GGoolldd cceerrttiiffiiccaattee aaccccoouunntt 11,152 817 3,161 531 805 1,147 436 1,371 450 189 534 628 1,083 SSppeecciiaall DDrraawwiinngg RRiigghhttss cceerrttiiff.. aacccctt.. 3,318 165 951 141 253 288 98 519 129 48 154 192 380 OOtthheerr eelliiggiibbllee aasssseettss 64 64 UU..SS.. ggoovvtt aanndd aaggeennccyy sseeccuurriittiieess 115.087 5.723 34,471 4,478 7,972 10.624 2.423 17.576 4,049 1.177 5.817 7.526 13.251 TToottaall ccoollllaatteerraall 129,621 6,769 38,583 5,150 _940_30 12,059 ,2,957 19,466 4,628 __ 1,414 6, $05 8,346 14,714 1 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