H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Reserves of Depository Institutions and •?f^S§^- Condition Statement of F.R.. Banks H.4.1. For immediate release January 8, 1982 Averages of daily figures (millions of dollars) Reserves of depository institutions, 11 WWeeeekk eennddeedd Change from week ended WWeeddnneessddaayy "" Reserve Bank credit, and relatad items JJaannuuaarryy 66,, December 30, Jail uary J II JJaannuuaarryy 66,, 1 QR?* 1981 1981 1982* Reserve Banl. * relit h 2 U b CjC'Vernmeru ^x^nWa bought Jutr^ht-svstem account 127,586 + 414 + 8,447 125,496 Held ur.d^i repurchase agreements 3,319 + 1,268 + 1,009 2,199 Fe tera' agency obligat.ons - «. Pounht jutruiit 9,118 7 + 379 9,109 Held ur^er feo>„ rrhnSt- «SG« eemr^xs 355 - 75 + 44 364 Acc**ptonc»-'3- Bought oi'T»'jht Held (is d<" rt ~> jfcha « ag^vmen* 217 581 51 136 Loans U depository inuifutso^s* 1,454 + 571 + 337 2,042 'tic Ijd* b *~ *s».nai bw rowmg o1 59 - 16 - 53 49 e* >ended credit of 193 + 20 + 193 175 F loai 1 3,536 - 104 - 2,163 3,773 Other C.R. assets 9,273 + 29 + 775 9,417 lota! Rc^erv^ Bank credit 154,857 + 1,515 + 8,775 152,536 Goia stock 11,151 - 1 - 10 11,151 Special D'ow<ncj Rightr re»t»T»ca»e accojnt | 3,318 -- + 800 3,318 Tre«js»ury currency outttandinq j 13,688 + 1 + 261 13,690 183,014 + 1,515 + 9,826 180,695 Currency in circulation 144,657 - 532 + 8,536 144,354 1 r**^Jty cash holdings1** 444 - 1 + 8 440 "*'ttr**vr\ deports v»-th F R. 8«r* s 1 3,747 + 835 + 768 2,486 Forciiyn oepo*r,» w«th f R Banks ! 451 + 78 + 78 217 Othf rtcuosiia with F R Banks 867 + 293 + 216 638 R^q irpd cir*c«rtn'» hala<tce& 117 + 2 + 117 i 117 Qttw F R. Ii'.u.litie^and capjral | 5,525 + 155 4- 616 ! 5,353 155,807 + 829 •f 10,337 153,605 Reserve hjlancas with F.K. Bankt 3 27,207 + 686 - 511 27,090 Tota? vault cash (estimated) 19,196 - 552 + 1,355 19,196 \a) W"i?t t jsh at institutions wilh required reserve balances 13,515 - 347 + 1,017 ! 13,515 -'I*) V .ult c«*«h equal to required reserves at other institutions 2,061 - 43 + 1,361 s 2,061 ,0 Sjrpks vajli cash a* other institutions* 3,620 - 162 - 1,023 3,620 Reserve bala'ir,-*'* *- K-tai %Mult crish^-5 46,419 + 134 + 738 ! 46,302 Reserve balances + total vault c&^ft used to satisfy reserve requirements"' 42,799 + 296 + 1,761 | 42,682 Required reserves7 42,145 + 114 + 1,771 42,145 ^x:^s (e12Ii'£tjaja_ncef>^afJLILJJa"fe-1 J,~ . - - _ __ 654 - + 182 - 10 1 537 On f3n>x rv -. io'^2 f mssketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter national accMjr.t* were $ 96,079 million, an increase of $957 million for the week. 1 Her oi $ ** •0 ?s million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ ' f ^mill'on was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. Government securities. 2 Net ul 3- i- '•*'* i million matche* sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ -9 -,310 mi.'ion was w -r, toreign offi..»al and International accounts. Includes $ 707 million securities loaned-fully secured by U.S. Government secjntie« 3 hxciudc required cleanng balances. 4 Total vault '-ash at institutions wichout required reserve balances less vault cash equal to their required reserves. 5 Adjusted to include $ 16 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 D«US f3un < d$n equal to required reserves at other institutions. 7 beginning with j.h«j week ended December 23, 1981, reserves aggregates have been reduced by shifts of reservable liabilities *~o International Banking Facilities (IBFs). An estimate of the size of this impact will be published vheci available en the basis of reports of liabilities transferred to IBFs by U.S. commercial banks and U, i>, ar:?ncit.s and branches of foreign banks. 8 Reserve bale rices 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 tiice&a reserve concept published historically.) * Estimated (St. Louis 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 •* Wednesday ** Tannary 6, 1982 December 30. 1981 January 7, im_ ASSETS Gold certificate account 11,151 10 Special Drawing Rights certif. acct. 3,318 + 800 Coin 367 22 Loans 2,042 805 + 1,188 Acceptances- 136 488 136 Held under repurchase aggreements Federal agency abligations- 9,109 16 + 370 Bought outright 364 73 + 364 Held under repurchase agreements 1 U.S. government securities: 47,117 - 2,494 + 5 ,397 Bought outright-Bills 59,978 + 1 .260 Notes 18,401 + 1 ,508 Bonds 125,496 - 2,494 + 8 ,165 Total bought outright 2 2,199 - 1,304 + 2 ,199 Held under repurchase agreements 1 127,695 - 3,798 +10 ,364 Total U.S. government securities 139,346 - 3,570 +12 .422 Total loans and securities 2,708* 11,035 + 39 - 2 ,622 Cash items in process of collection 503 + 47 Bank premises 8,914 - 51 + 544 Other assets 3 ' 2,708> 174,634 - 3,590 +11 • 159 TOTAL ASSETS LIABILITIES Federal Reserve notes 131,471 - 1 ,176 + 8,520 Deposits: Depository institutions 27,207 _ 1 ,876 + 2 ,700 U.S. Treasury—general account 2,486 - 916 - 731 Foreign—official accounts 217 - 102 - 40 Other 638 + 38 + 109 Total deposits 30,548 - 2 ,856 + 2 ,038 Deferred availability cash items (2,708 ) 7,262 + 434 + 126 Other liabilities and accrued dividends 4 2,532 + 52 + 323 TOTAL LIABILITIES (2,708 ) 171,813 3,546 +11 .007 CAPITAL ACCOUNTS Capital paid in 1,278 — 4- 75 Surplus 1,278 + 75 + 75 Other capital accounts 265 119 +2 * 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 $ 4,971 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 707 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 $33 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 (St. Louis District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JANUARY 6, 1982 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 2,018 136 5,235 -3,279 646 -51 16 days to 90 days 24 -- ' 22,603 -1,699 623 - 8 91 days to 1 year — -- 35,446 •+1,314 1,388 •o5 Over 1 year to 5 years — -- 36,025 - 134 5,286 +30 Over 5 years to 10 years — — 11,752 -- 957 - 5 Over 10 years — 1166,,663344 557733 Total 2,042 TTTT55 112277,,669955 --33,,779988 ^m 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 JANUARY 6, 1982 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 11,151 1,017 3,160 531 805 1,147 436 1,171 450 189 534 628 1,083 Special Drawing Rights certif. acct. 3,318 165 951 141 253 288 98 519 129 48 154 192 380 Coin 367 20 17 19 38 45 42 21 28 16 31 27 63 Loans 2,042 147 1,331 53 12 38 30 233 75 10 55 56 2 Acceptances held under repurchase agreements 136 136 Federal agency obligations: Bought outright 9,109 388 2,652 326 661 727 289 1,391 338 136 417 570 1,214 Held under repurchase agreements 1 364 364 U.S. government securities: Bought outright-Bills 47,117 2,006 13,717 1,686 3,421 3,761 1,497 7,193 1,746 705 2,155 2,948 6,282 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 Total bought outright 2 125,496 5,342 36,535 4,491 9,111 10,019 3,988 19,158 4,651 1,877 5,740 7,852 16,732 2,199 2,199 127,695 5,342 38,734 4,491 9,111 10,019 3,988 19,158 4,651 1,877 5,740 7,852 16,732 139,346 5,877 43,217 4,870 9,784 10,784 4,307 20,782 5,064 2,023 6,212 8,478 17,948 CCaasshh iitteemmss iinn pprroocceessss ooff ccoolllleeccttiioonn 13,743 392 1,658 370 808 2,443 1,780 1,470 708 681 1,518 1,022 893 BBaannkk pprreemmiisseess 503 98 23 52 27 99 34 17 14 28 22 14 75 OOtthheerr aasssseettss 33 8,914 273 2,798 334 613 493 541 1,231 269 218 364 502 1,278 -0- + 473 +4,509 - 201 -1,016 + 361 -1,370 -1,324 - 831 - 497 + 337 +1,154 -1,595 TOTAL ASSETS 177,342 8,315 56,333 6,116 11,312 15,660 5,868 23,887 5,831 2,706 9,172 12,017 20,125 1 Dees not include U.S. government and federal agency securities resold under matched sale-purchase transactions to foreign official and international accounts, of which $ -o- million was outstanding at the end of the latest statement week. 2 Net of $ 4,971 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 707 million securities loaned—fully secured by U.S. government securities. 3 includes assexs denominated in foreign currencies, revalued monthly at market exchange rates. Includes special investment account at Chicago of $33 million in Treasury Bills maturing within 90 days. * Estimated (St. Louis 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 Ja Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 131,471 7,000 39,713 5,200 8,972 12,055 2,968 19,513 4,516 1,449 6,614 8,563 14,908 Deposits: Depository Institutions 27,207 802 11,006 473 1,585 763 1,299 2,874 674 500 988 2,198 4,045 U.S. Treasury —general account 2,486 2,486 Foreign—official accounts 217 6 55 8 17 11 16 32 7 7 10 13 35 Other 638 4 490 U 9 20 11 50 14 4 8 7 17 Total deposits 30,548 812 14,037 485 1,611 794 1,326 2,956 695 511 1,006 2,218 4,097 Deferred availability cash items 9,970 325 1,054 224 344 2,473 1,263 658 450 606 1,319 899 355 Other liabilities and accrued dividends 2,532 101 808 90 173 187 109 360 89 43 108 153 311 TOTAL LIABILITIES 174,521 8,238 55,612 5,999 11,100 15,509 5,666 23,487 5,750 2,609 9,047 11,833 19,671 CAPITAL ACCOUNTS Capital paid in 1,278 33 319 53 96 66 97 180 37 47 57 84 209 Surplus 1,278 33 319 53 96 66 97 180 37 47 57 84 209 Other capital accounts 265 11 83 11 20 19 8 40 7 3 11 16 36 TOTAL LIABILITIES AND CAPITAL 177,342 8,315 56,333 6,116 11,312 15,660 5,868 23,887 5,831 2,706 9,172 12,017 20,125 ACCOUNTS FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 151,014 7,900 43,647 7,361 9,873 13,312 5,212 21,098 5,569 1,989 7,905 10,225 16,923 Less-Held by F.R. Banks 19,543 900 3,934 2,161 901 1,257 2,244 1,585 1,053 540 1,291 1,662 2,015 F.R. Notes, Net 131,471 7,000 39,713 5,200 8,972 12,055 2,968 19,513 4,516 " 1,449 6,614 8,563 14,908 Collateral held against F.R. notes : Gold certificate account 11,151 1,017 3,160 531 805 1,147 436 1,171 450 189 534 628 1,083 Special Drawing Rights certif. acct. 3,318 165 951 141 253 288 98 519 129 48 154 192 380 Other eligible assets 88 88 U.S. govt, and agency securities 116,914 5,730 35,602 4,528 7.914 10,620 2,434 17,823 3,937 1,212 5,926 7,743 13,445 Total collateral 131,471 7,000 39,713 5,200 8,972 12,055 2,968 19,513 4,516 1,449 6,614 8.563 14.908 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. * Estimated (St. Louis District) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis