H.4.1 Factors Affecting Reserve Balances of Depository Institutions

.QtUUVi FEDERAL RESERVE •f^TK^V Factors Affecting Reserves of Depository Institutions and Condition Statement of F.R. Banks H.4.1. For immediate release December 11,1981 Averages of daily figures (millions of dollars) RReesseerrvveess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss,, Week ended Change from w6ek ended WWeeddnneessddaayy RReesseenn//ee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss December 9, ueceniDeT 2, | December 10. DDeecceemmbbeerr 99,, -19S1 1981 TQfln 1981 Reserve Bank credit: 1 2 U.S. government securities- Bought outfight -system account 126,461 + • 1,262 + 8,470 127,179 Held under repurchase agreements 222 - 754 - 734 ._ Federal agency obligations- Bought outright 9,129 - 1 + 379 9,129 Held under repurchase agreements 18 - 148 - 75 -„ Acceptances- Bought outright -- -- -- -- Held under repurchase agreements 48 - 350 - 167 -- Loans to depository institutions 618 + 301 - 1,168 3,213 Includes: seasonal borrowing of 30 - 11 - 81 33 extended credit of 1 125 — + 125 136 Float 2,840 - 1,490 - 1,642 4,292 Other F.R. assets 10,092 + 191 + 3,110 10,223 Total Reserve Bank credit 149,428 - 990 + 8,173 154,036 Gold stock 11,152 -- - 10 11,152 Special Drawing Rights certificate account 3,318 -- - 50 3,318 Treasury currency outstanding 13,679" 4- 3 + 280 13,679 177,577 - 987 + 8,394 182,185 Currency in circulation* | 142,385 + 535 + 7,493 143,330 Treasury cash holdings* ' 447 -- - 1 447 Treasury deposits with F.R. Banks j 2,666 - 362 + 438 2,543 Foreign deposits with F.R. Banks 312 - 23 + 28 327 Other deposits with F.R. Banks ' 573 - 158 + 189 543 Required clearing balances 105 + 6 + 105 105 Other F.R. liabilities and capital 5,952 4- 193 + 1.101 5,693 1 152,439 + 189 + 9,352 152,988 Reserve balances with F.R. Banks^ 25,139 - 1,176 - 957 29,198 Total vault cash 19,587 + 227 + 1,523 19,587 (a) Vault cash at institutions with required reserve balances 13,450 + 91 + 919 13,450 (b) Vault; cash equal to required reserves at other institutions 2,158 + 105 + 1,458 2,158 (c) Surplus vault cash at other institutions4 3,979 + 31 - 854 3,979 Reserve balances + total vault cash3'5 44,748 - 949 + 460 48,807 Reserve balances + total vault cash used to satisfy reserve requirements5. 40,769 - 980 + 1,314 44,828 Required reserves 40,608 - 622 + 1,415 40,608 Excess reserve balances at F.R. Banks5, 7 161 - 358 - 101 4,220 On December 9, 1981 marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter t national accounts were $ 95,756 million, a decrease of $ 298 million for the week. 1 Net of $ 2,531 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 2,531mUlion was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. Government securities, 2 Net of $1,830 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 1,830 million was with foreign official and international accounts. Includes $ 261 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. 6 Reserve balances with Federal Reserve Banks (which exclude required clearing balances) plus vault cash at institutions with required reserve fiances 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.) * E9timated (T reasury 's F igu res). 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 tttt WWeeddnneessddaayy December 9, 1981 December 2, 1981 December 10, 1980 ASSETS Gold certificate account 11,152 _.. _ 9 Special Drawing Rights certif. acct. 3,318 ... - 50 Coin 386 - 1 - 8 Loans 3,213 + 2,817 + 1,112 Acceptances- Held under repurchase aggreements 778 -_ Federal agency abligations- Bought outright 9,129 _.. 4- 390 Held under repurchase agreements 1 -- - 383 .- U.S. government securities: Bought outright-Bills 49,679 + 1,854 + 10,198 Notes 59,207 -- + 589 Bonds 1188,,229933 -_ ±± 1,400 Total bought outright 2 112277,,117799 + 1,854 12,187 ++ Held under repurchase agreements 1 -- 22 22,,222288 • - Total U.S. government securities 127,179 337744 + 12,187 Total loans and securities 139,521 + 1,282 + 13,689 Cash items in process of collection (2,420 ) 10,220 - 840 - 1,160 Bank premises 480 -_ + 23 Other assets 3 9,743 + 74 + 2,660 TOTAL ASSETS (2,420 ) 174^820 + 515 + 15,]L45 LIABILITIES Federal Reserve notes 130,483 + 886 + 7,421 Deposits: Depository institutions 29,303 + 1,757 + 6,006 U.S. Treasury—general account 2,543 • - 1,159 + 1,027 Foreign—official accounts 327 + 24 + 55 Other 543 - 118 + 77 Total deposits 32,716 + 504 + 7,165 Deferred availability cash items (2,420 ) 5,928 - 762 - 518 Other liabilities and accrued dividends 4 2,851 + 20 + 821 TOTAL LIABILITIES (2,420 ) 171,978 + 648' T 14,88V CAPITAL ACCOUNTS Capital paid in 1,271 + 1 + 72 Surplus 1,203 -- + 58 Other capital accounts 368 - 134 + 126 Figures in parentheses are the eliminations made in the consolidating process. Does not include U.S. government and federal agency securities resold under matched sale-purchase transactions to foreign official and international accounts, of which $ 754 million was outstanding at the end of the latest statement week Net of $ 1,830million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 261 million securities loaned—fully secured by U.S. government securities. Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes special investment account at Chicago of $ 55 million in Treasury Bills maturing within 90 days. Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. 6 ' 6 MATURITY DISTRIBUTION OF LOANS AND SECURITIES, December 9, 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 3,187 -- 5,545 - 1,507 93 384 16 days to 90 days 26 .- 23,400 - 238 779 91 days to 1 year -- -- 34,489 + 1,371 1,444 + 1 Over 1 year to 5 years -- -- 35,632 -- 5,236 Over 5 years to 10 years -- -- 11,587 ._ 1,004 ... Over 10 years 1166,,552266 -- 557733 -.« aaTT^^TT"""" Total -- 112277,,117799 - 374 99,,112299 383 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

HA1 (b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON December 9, 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 386 21 19 20 40 43 48 19 31 15 30 28 72 Loans 3,213 48 2,163 76 68 13 29 29 8 1 36 39 703 Acceptances held under repurchase agreements -- -- -- -- -- -- -- -- -- -- -- -- -- 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 -- -- -- -- -- -- -- -- -- -- -- -- -- US. government securities: Bought outright-Bills 49,679 2,115 14,463 1,777 3,607 3,966 1,579 7,583 1,842 742 2,272 3,109 6,624 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 2 127,179 5,414 37,025 4,551 9,233 10,153 4,041 19,415 4,714 1 ,902 5,817 7,957 16,957 Held under repurchase agreements 1 -- -- -- -- -- -- -- -- -- -- -- -- -- Total U.S. government securities 127,179 5,414 37,025 4,551 9,233 10,153 4,041 19,415 4,714 1 ,902 5,817 7,957 16,957 Total loans and securities 139,521 5,851 41,846 4,954 9,964 10,895 4,360 20,838 5,060 2 ,039 6,270 8,567 18,877 Cash items in process of collection 12,640 543 1,299 335 453 2,214 1,600 1,572 563 517 1,234 1,752 558 Bank premises 480 98 22 52 27 99 19 17 14 28 22 15 67 Other assets 3 9,743 281 2,805 352 648 501 581 1,820 275 237 380 533 1,330 Interdistrict settlement account -0- 4- 176 + 3,481 - 324 - 1,078 + 413 -1,223 - 1,429 - 458 - 379 + 542 - 409 + 688 TOTAL ASSETS 177,240 7,952 53,584~ 57WI 11,112 I5,wr 5,919 24,727 6,064 2 ,694 9,166 11,306 23,055 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 $ 754 million was outstanding at the end of the latest statement week. 2 Net of $ 1,830 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 261 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 $55 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 December 9, 1981 Millions of dollars Kansas San Total Boston New York Philadetphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City Francisco LIABILITIES Federal Reserve notes 130,483 6,839 38,871 5,223 9,078 12,104 2,986 19,506 4,672 1,444 6,572 8,434 14,754 Deposits: Depository Institutions 29,303 643 9,311 454 1,334 1,050 1,574 3,212 737 654 1,333 1,832 7,169 U.S. Treasury —general account 2,543 2,543 Foreign—official accounts 327 8 117 11 22 15 21 41 9 9 12 17 45 Other 543 463 18 1 57 2 1 1 Total deposits 32,716 651 12,434 465 1,356 1,083 1,596 3,310 746 663 1,347 1,850 7,215 Deferred availability cash items 8,348 283 994 184 285 2,070 1,035 579 473 451 1,012 675 307 Other liabilities and accrued dividends *- 2,851 101 560 85 178 188 98 926 87 38 108 161 321 TOTAL LIABILITIES 174,398 7,874 52,859 5,957 10,897 15,445 5,715 24,321 5,978 2,596 9,039 11,120 22,597 CAPITAL ACCOUNTS Capital paid in 1,271 33 318 47 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 368 12 101 11 24 27 17 49 13 13 18 28 55 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 177,240 7,952 53,584 6,061 11,112 15,600 5,919 24,727 6,064 2,694 9,166 11,306 23,055 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 151,602 7,802 43,829 7,456 10,036 13,246 5,292 21,269 5,613 2,030 7,916 10,195 16,918 Less - Held by F.R. Banks 21,119 963 4,958 2,233 958 1,142 2,306 1,763 941 586 1,344 1,761 2,164 F.R, Notes, Net 130,483 6,839 38,871 5,223 9,078 12,104 2,986 19,506 4,672 1,444 6,572 8,434 14,754 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 55 55 UU..SS.. ggoovvtt,, aanndd aaggeennccyy sseeccuurriittiieess 115.958 5,802 34,759 4,551 8,020 10,669 2,452 17.616 4,093 1,207 5,884 7,614 13,291 TToottaall ccoollllaatteerraall 130,483 6,839 38,871 5,223 9,078 12,104 2,986 19,506 4,672 1,444 6,572 8,434 14,754 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