H.4.1 Factors Affecting Reserve Balances of Depository Institutions

VS^&v FEDERAL RESERVE •?fCT?f Factors Affecting Reserves of Depository Institutions and Condition Statement of F.R. Banks H.4.1. For immediate release December 24, 1981 1 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 2233,, December lb. 1 Dec e mber ~ z4~ December 23, | 1981 1981 1980 1981 Reserve Bank credit: 1 2 U.S. government securities- Bought outright—system account 128,455 - 4 + 9,384 127,247 Held under repurchase agreements 1,119 + 1,119 + 853 4,013 Federal agency obligations- Bought outright 9,125 — + 386 9,125 Held under repurchase agreements ! 132 + 132 + 122 479 Acceptances- Bought outright 1 — — -- Held under repurchase agreements 254 + 254 + 224 787 Loans to depository institutions 621 + 223 - 1,028 1,290 Includes: seasonal borrowing of 70 4- 5 - 49 73 extended credit of 161 + 26 + 161 163 Float 4,018 -f 490 - 2,020 6,183 Other F.R. assets 9,672 - 163 + 1.302 9.228 Total Reserve Bank credit 153,396 + 2,052 + 9,223 158,352 Gold stock 11,152 -- - 9 11,152 Special Drawing Rights certificate account 3,318 -- - 50 3,318 Treasury currency outstanding 13.681 + 2 + 271 13.687 181,547 + 2,054 + 9,434 186,509 Currency in circulation* 144,042 + 779 + 8,082 145,027 Treasury cash holdings* ! 447 — + 1 447 Treasury deposits with F.R. Banks ! 3,215 + 443 + 928 2,282 Foreign deposits with F.R. Banks 361 + 57 - 34 333 Other deposits with F.R. Banks 592 + 14 + 200 614 Required clearing balances 110 .,- + 110 110 Other F.R. liabilities and capital 5.814 - 149 + 840 5.292 154,581 + 1,143 + 10,128 154,105 Reserve balances with F.R. Banks 3 26,967 + 910 - 692 | 32,404 Total vault cash (estimated) 18,632 - 1,690 + 969 18,632 (a) Vault cash at institutions with required reserve balances 13,087 - 774 + 742 13,087 (b) Vault cash equal to required reserves at other institutions 2,023 - 228 + 1,323 j 2,023 (c) Surplus vault cash at other institutions4 3,522 - 688 . 1,096 3,522 Reserve balances + total vault cash3*5 45,620 - 783 + 164 51,057 Reserve balances + total vault cash used to satisfy reserve requirements5, 6 42,098 - 95 4. 1,260 47,535 Required reserves 41,721 - 410 i + 1,692 41,721 Excess reserve balances at F.R. Banks5' 7 377 + 315 1 - 432 J 5,8i4 On December 23, 1981 marketable U.S, Government securities held in custody by the Fod&rai Res^ve B^ks for foreign official -ind ir-te» t national accounts were $ 96,347 mtHion, an increase of $l751 million for the week, s 1 Met of $2,147 miliion, daily average, matched sale-purchase transections outstanding durir<j the latest statement week, of which a nm of $ 2,147million was with foreign official and international isocounts. Includes securities loaned-fully secured by U.S, Government secun:i:« 2 Net of $3,462 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 3,462 million was with foreign official and international accounts. Includes $ 440 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 $ 21 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.) Vault cash and required reserves are partially estimated. * 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 23, 1981 December 16, 1981 December 24, 1980 ASSETS Gold certificate account 11,152 9 Special Drawing Rights certif. acct. 3,318 50 Coin 382 6 23 Loans 1,290 785 98 Acceptances- 787 787 787 Held under repurchase aggreements Federal agency abligations- 9,125 — + 386 Bought outright 479 + 479 + 479 Held under repurchase agreements I U.S. government securities: 48.868 - 1,473 + 6,171 Bought outright—Bills 59,978 -f 150 + 1,260 Notes 1188,,440011 — ++ 1,508 Bonds 112277,,224477 - 1,323 ++ 8,939 Total bought outright 2 4,013 + 4,013 + 4,013 Held under repurchase agreements 1 131,260 + 2,690 + 12,952 Total U.S. government securities 142,941 + 4,741 + 14,506 Total loans and securities (2,972 ) 13,543 + 358 - 3,682 Cash items in process of collection 481 + 1 + 27 Bank premises 8,747 - 6 + 234 Other assets 3 (2,972 ) 180,564 + 5,088 + 11,003 TOTAL ASSETS LIABILITIES Federal Reserve notes 132,169 + 1,133 + 7,968 Deposits: Depository institutions 32,514 + 5,586 + 2,779 U.S. Treasury—general account 2,282 - 1,070 - 258 Foreign—official accounts 333 + 69 - 80 Other 614 + 35 + 235 Total deposits 35,743 + 4,620 + 2,676 Deferred availability cash items X2.972 ) 7,360 - 143 - 192 Other liabilities and accrued dividends.4 - 2,436 - 539 + 324 TOTAL LIABILITIES (2,972 ) 177,708 5,071 + 10,776 CAPITAL ACCOUNTS Capital paid in 1,278 + 76 Surplus 1,203 + 58 Other capital accounts 375 12 + 93 * 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 foreig official and international accounts, of which $ -°~ million was outstanding at the end of the latest statement week. 2 Net of $3 462 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes V $ 440 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 $51 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, December 24, 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 "THoldings | Weekly changes" Within 15 days 1,269 787 9,017 + 1,703 639 639 16 days to 90 days 21 22,802 + 741 731 160 91 days to 1 year 34,896 + 176 1,396 Over 1 year to 5 years 36,159 + 70 5,303 Over 5 years to 10 years 11,752 962 Over 10 years 16,634 573 Total 1,290 787 131,260 2,690 9,604 479 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 23, 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 11,152 917 3,161 531 805 1,147 436 1,271 450 189 534 628 1,083 Special Drawing Rights certif. acct. 3,318 165 951 141 253 288 98 519 129 48 154 192 380 Coin 382 21 18 18 41 44 45 23 29 16 31 28 68 Loans 1,290 83 51 145 229 227 36 299 43 5 124 41 7 Acceptances held under repurchase agreements 787 787 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 1 479 479 U.S. government securities: Bought outright-Bills 48,868 2,080 14,227 1,749 3,548 3,901 1,552 7,461 1,811 731 2,235 3,057 6,516 Notes 59,978 2,553 17,461 2,146 4,354 4,789 1,906 9,156 2,223 897 2,743 3,753 7,997 Bonds 18,401 783 5,357 659 1,336 1,469 585 2,809 682 275 842 1,151 2,453 TTToootttaaalll bbbooouuuggghhhttt ooouuutttrrriiiggghhhttt 222 127,247 5,416 37,045 4,554 9,238 10,159 4,043 19,426 4,716 1,903 5,820 7,961 16,966 HHHeeelllddd uuunnndddeeerrr rrreeepppuuurrrccchhhaaassseee aaagggrrreeeeeemmmeeennntttsss 111 4,013 4,013 TTToootttaaalll UUU...SSS... gggooovvveeerrrnnnmmmeeennnttt ssseeecccuuurrriiitttiiieeesss 131,260 5,416 41,058 4,554 9,238 10,159 4,043 19,426 4,716 1,903 5,820 7,961 16,966 TTToootttaaalll llloooaaannnsss aaannnddd ssseeecccuuurrriiitttiiieeesss 142,941 5,887 45,032 5,026 10,129 11,115 4,369 21,118 5,097 2,044 6,361 8,573 18,190 CCCaaassshhh iiittteeemmmsss iiinnn ppprrroooccceeessssss ooofff cccooolllllleeeccctttiiiooonnn 16,515 674 1,651 530 949 3,036 1,924 2,220 781 621 1,626 1,493 1,010 BBBaaannnkkk ppprrreeemmmiiissseeesss 481 98 22 52 27 99 19 17 14 29 22 15 67 OOOttthhheeerrr aaasssssseeetttsss 333 8,747 268 2,743 351 602 484 514 1,234 273 213 362 506 1,197 IIInnnttteeerrrdddiiissstttrrriiicccttt ssseeettttttllleeemmmeeennnttt aaaccccccooouuunnnttt -0- -1- 298 +1,454 -234 -1,249 + 566 - 522 - 1,588 - 727 - 184 + 586 +1,216 + 384 TOTAL ASSETS 183,536 8,328 55,032 6,415 11,557 16,779 6,883 24,814 6,046 2,976 9,676 12,651 22,379 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 $ 3,462 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 440 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 $51 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 CONDmON OF EACH FEDERAL RESERVE BANK ON December 23, 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 LIABILITIES Federal Reserve notes 132,169 6,993 39,449 5,327 8,959 12,164 3,255 19,580 4 ,568 1,460 6,666 8,733 15,015 Deposits: Depository Institutions 32,514 793 10,18.1 627 1,833 1,536 2,003 3,728 726 871 1,515 2,574 6,127 U.S. Treasury —general account 2,282 2,282 Foreign-official accounts 333 8 124 11 22 14 21 41 9 9 12 17 45 Other 614 1 538 1 1 11 1 54 1 1 2 1 2 Total deposits 35,743 802 13,125 639 1,856 1,561 2,025 3,823 736 881 1,529 2,592 6,174 Deferred availability cash items 10,332 357 957 253 358 2,715 1,313 652 572 499 1,245 988 423 Other liabilities and accrued ,,, ... dividends 1 2.436 97 77 ^ R«S 1 AG „, iou 3/ 47 57 84 209 ourpsus 1,203 33 306 46 95 62 90 177 36 38 52 74 194 Other capital accounts 375 13 103 12 24 28 17 50 13 13 18 28 56 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 183,536 8,328 55,032 6,415 11,557 16,779 6,883 24,814 6,046 2,976 9,676 12,651 22,379 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 151,432 7,896 43,710 7,390 9,899 13,410 5,353 21,124 5,551 2,004 7,934 10,173 16,988 Less - Held by F.R. Banks 19.263 903 4.261 2.063 940 1.246 2.098 1.544 983 544 1.268 1.440 1.973 F.R. Notes, Net 132,169 6,993 39,449 5,327 8,959 12,164 3,255 19,580 4,568 1,460 6,666 8,733 15,015 Collateral held against F.R. notes : Gold certificate account 11,152 917 3,161 531 805 1,147 436 1,271 450 189 534 628 1,083 Special Drawing Rights certif. acct. 3,318 165 951 141 253 288 98 519 129 48 154 192 380 Other eligible assets 107 107 U.S. govt, and agency securities 117.592 5.804 35,337 4.655 7.901 10.729 2,721 17.790 3.989 1.223 5.978 7.913 13.552 Total collateral 132,169 6,993 39,449 5,327 8,959 12,164 3,255 19,580 4,568 1,460 6,666 8,733 15.015 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rateaof foreign exchange commitments. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis