H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Reserves of Depository Institutions and ?fOT^ Condition Statement of F.R. Banks H.4.1. For immediate release December 18, 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 DDeecceemmbbeerr 1166,, December Ti December I/, DDeecceemmbbeerr 1166,, 11998811 1981 i 1980 11998811 Reserve Bank credit: 1 2 U.S. government securities- Bought outright—system account 128,459 + 1,998 + 7,735 128,570 Held under repurchase agreements 222 i- 598 Federal agency obligations- Bought outright 9,125 4 + 386 9,125 Held under repurchase agreements 18 142 Acceptances- Bought outright Held under repurchase agreements 48 112 Loans to depository institutions 398 220 !- 1,107 505 Includes: seasonal borrowing of 70 + 40 54 1 71 extended credit of 130 + 5 + 130 118 Float 3,417 + 567 804 5,682 Other F.R. assets 9.835 257 + 1.894 9,233 Total Reserve Bank credit 151,233 + 1,795 + 7,251 153,115 Gold stock 11,152 9 11,152 Special Drawing Rights certificate account 3,318 50 3,318 Treasury currency outstanding 13.679 + 271 13,679 179,382 + 1,795 .+ 7,463 181,264 Currency in circulation* 143,263 + 878 + 7,898 143,881 Treasury cash holdings* 447 .+ 2 447 Treasury deposits with F.R. Banks 2,772 + 106 12 3,352 Foreign deposits with F.R. Banks 304 8 82 264 Other deposits with F.R. Banks 578 + 5 i+ 187 579 Required clearing balances 110 + 5 |+ 110 ! 110 Other F.R. liabilities and capital 5.963 + 11 !+ 986 1 5.814 153,438 + 999 + 9,091 154.447 Reserve balances with F.R. Banks 3 25,946 | + 797 j 1,626 26,818 Total vault cash 20,322 | -1- 735 + 2,005 20,322 (a) Vault cash at institutions with required reserve balances 13,861 + 411 | + 1,201 13,861 (b) Vault cash equal to required reserves at other institutions 2,251 + 93 + 1,551 2,251 (c) Surplus vault cash at other institutions4 4,210 + 231 747 4,210 Reserve balances + total vault cash3*5 | 46,292 + 1,534 + 279 47,164 Reserve balances + total vault cash used to satisfy reserve requirements5, 6 42,082 + 1,303 + 1,026 42,954 Required reserves 42,131 + 1,523 + 1,577 42,131 Excess reserve balances at F.R. Banks5' 7 ^ 49 j 220 551 823 On December 16,1981 marketablell.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter t national accounts were $ 94,596 million, a decrease of $ 1,160 million for the week. 1 Net of $1,505 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 1,505 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. Government securities. 2 Net of $1,990 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 1,990 million was with foreign official and international accounts. Includes $ 154 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 (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 December 16, 1981 December 9, 1981 December 17, 1980 ASSETS Gold certificate account 11,152 9 Special Drawing Rights certif. acct. 3,318 50 Coin 388 2 13 Loans 505 2,708 1,111 Acceptances- Held under repurchase aggreements 327 Federal agency abligations- 9,125 + 386 Bought outright 389 Held under repurchase agreements 1 U.S. government securities: 50,341 662 + 5,883 Bought outright-Bills 59,828 621 + 1,110 Notes 18,401 + 108 + 1,508 Bonds Total bought outright 2 128,570 + 1,391 + 8,501 Held under repurchase agreements1 — 2,054 Total U.S. government securities 128,570 + 1,391 + 6,447 Total loans and securities 138,200 - 1,321 + 5,006 Cash items in process of collection (3,177 ) 13,185 + 2,965 1,281 O Ba th n e k r p a r s e s m et is s e 3 s 8,7 4 5 8 3 0 - 990 + + 60 2 2 2 TOTAL ASSETS (3,177 ) 175,476 + 656 + 4,277 LIABILITIES Federal Reserve notes 131,036 553 + 7,698 Deposits: Depository institutions 26,928 - 2,375 4,676 U.S. Treasury—general account 3,352 + 809 + 699 Foreign—official accounts 264 - 63 23 Other 579 + 36 + 176 Total deposits 31,123 - 1,593 - 3,824 Deferred availability cash items (3,177 ) 7,503 + 1,575 402 Other liabilities and accrued dividends 4 2,975 + 124 + 618 TOTAL LIABILITIES (3,177 ) 172,637 + 659 + 4,090 CAPITAL ACCOUNTS Capital paid in 1,273 + 2 + 71 Surplus 1,203 + 58 Other capital accounts 363 - 5 + 58 * Figures in parentheses are the eliminations made in the consolidating process S S cS a n d ^ n ^ e L ' i ^ T ^ t s^ I t ^ TS ^ n ^ w L T t sI T* ""*« ****"<*»" transactions to foreign 2 Net of , million matched . . l e 4 « c h ^^ " *! ^ °f the Utest statement week. * 9 1990 ^3 lUL mlU1 °n TUritieS ^ - * & ly s e c u r \ ^^ °f the lateSt • « « • •* week. Includes 4 c ^ i t L ^ ^6" ^8 1"1- ~ " " " « '* '* « " ", n * ^ * ^^ rates of foreign exchange MATURITY DISTRIBUTION OF LOANS AND SECURITIES, December 16, 1?81 Acceptances and securities held under repurchase agreements are classified as ma'turmg 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 492 — 7,314 + 1,769 -0- _ 93 16 days to 90 days 13 — 22,061 - 1,339 891 + 112 91 days to 1 year — — 34,720 + 231 1,396 - 48 Over 1 year to 5 years — — 36,089 + 457 5,303 + 67 Over 5 years to 10 years — — 11,752 + 165 962 - 42 Over 10 years — — 1166,,663344 ++ 110088 557733 Total f 505 — 112288,,557700 99,,112255 __ —zr 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 16, 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 388 20 19 21 41 44 46 21 30 16 30 29 71 Loans 505 7 82 80 23 75 25 46 14 3 77 42 31 Acceptances held under repurchase agreements Federal agency obligations: Bought outright 9,125 388 2,657 327 662 729 290 1,393 338 136 417 571 1,217 Held under repurchase agreements 1 U.S. government securities: Bought outright—Bills 50,341 2,143 14,655 1,801 3,654 4,019 1,600 7,686 1,866 753 2,302 3,150 6,712 Notes 59,828 2,547 17,418 2,141 4,344 4,776 1,901 9,133 2,217 895 2,736 3,743 7,977 Bonds 18,401 783 5,357 659 1,336 1,469 585 2,809 682 275 842 1,151 2,453 Total bought outright 2 128,570 5,473 37,430 4,601 9,334 10,264 4,086 19,628 4,765 1,923 5,880 8,044 17,142 Held under repurchase agreements 1 -- -. -- -- -- -- -- — -- -- .- -- -- Total U.S. government securities 128,570 5,473 37,430 4,601 9,334 10,264 4,086 19,628 4,765 1,923 5,880 8,044 17,142 Total loans and securities 138,200 5,868 40,169 5,008 10,019 11,068 4,401 21,067 5,117 2,062 6,374 8,657 18,390 Cash items in process of collection 16,362 895 2,582 822 881 2,902 1,842 1,785 758 606 1,325 1,369 595 Bank premises 480 98 22 52 27 99 19 17 14 28 22 15 67 Other assets 3 8,753 261 2,617 347 592 475 525 1,422 253 211 347 487 1,216 Interdistrict settlement account -0- - 94 + 5,973 - 524 -1,762 - 12 - 665 - 1,104 - 757 - 535 + 426 + 372 - 1,318 TOTAL ASSETS 178,653 8,030 55,494 6,398 10,856 16,011 6^702 25,098 5,994 2,625 9,212 11.749 20,484 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 $ 1,990 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 154 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 $60 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 16, 1981 Millions of dollars Kansas San Total Boston 1 New York Philadelphia Cleveland Richmond Atlanta Chicago St, Louis Minneapolis City Dallas Francisco 1 LIABILITIES Federal Reserve notes 131,036 6,888 39,027 5,276 8,954 12,176 3,205 19,378 4,607 1,433 6,612 8,555 14,925 Deposits: Depository Institutions 26,928 555 10,041 679 1,072 870 1,687 3,311 628 570 1,232 1,904 4,379 U.S. Treasury -general account 3,352 3,352 Foreign—official accounts 264 8 55 11 22 14 21 41 9 9 12 17 45 Other 579 488 1 19 1 64 3 1 2 Total deposits 31,123 563 13,936 690 1,095 903 1,709 3,416 637 579 1,247 1,922 4,426 Deferred availability cash items 10,680 399 1,281 242 418 2,592 1,484 801 579 477 1,119 924 364 Other liabilities and accrued dividends 1 2,975 101 528 86 174 184 100 1,098 86 38 107 161 312 TOTAL LIABILITIES 175,814 7,951 54,772 6,294 10,641 15,855 6,498 24,693 5,909 2,527 9,085 11,562 20,027 CAPITAL ACCOUNTS Capital paid in 1,273 33 319 47 96 66 97 180 37 47 57 85 209 Surplus 1,203 33 306 46 95 62 90 177 36 38 52 74 194 Other capital accounts 363 13 97 11 24 28 17 48 12 13 18 28 54 TOTAL LIABILITIES AND CAPITAL 178,653 8,030 55,494 6,398 10,856 16,011 6,702 25,098 5,994 2,625 9,212 11,749 20,484 ACCOUNTS FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 151,754 7,889 43,774 7,423 9,918 13,371 5,449 21,100 5,560 2,012 7,958 10,222 17,058 Less-Held by F.R. Banks 20,698 1,001 4.747 2,147 964 1,195 2,244 1,722 953 579 1.346 1,667 2,133 FF..RR.. NNootteess,, NNeett 131,036 6,888 39,027 5,276 8,954 12,176 3,205 19,378 4,607 1,433 6,612 8,555 14,925 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 45 45 UU..SS.. ggoovvtt,, aanndd aaggeennccyy sseeccuurriittiieess 116,521 5,861 34,915 4,604 7,896 10.741 2,671 17,488 4,028 1,196 5,924 7,735 13,462 TToottaall ccoollllaatteerraall 131,036 6,888 39,027 5,276 8,954 12,176 3,205 19,378 4,607 1,433 6,612 8,555 14,925 1 Includes exchange translation account ref lectina th» m^^hiy revaluation at market exchange rates of foreign exchange commitments. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis