H.4.1 Factors Affecting Reserve Balances of Depository Institutions

••"°^8S>i-. FEDERAL RESERVE **.?«??: Factors Affecting Reserves of Depository Institutions and Condition Statement of F.R. Banks HA1. For immediate release January 15, 1982 Averages of daily figures (millions of dollars) Reserves of depository institutions, Week ended Change from week ended Wednesday Reserve Bank credit, and related items January 13, January t>, January i^, January i. , 12SU* 198? 12B1 198", * Reserve Bank credit: U.S. government securities- 127,323 263 + 6,780 125,446 Bought outright—system account 3,319 Held under repurchase agreements Federal agency obligations- Bought outright 9,100 18 + 361 9,089 Held under repurchase agreements 355 Acceptances- Bought outright Held under repurchase agreements 217 Loans to depository institutions 997 457 335 2,883 Includes: seasonal borrowing of 53 6 52 57 extended credit of 194 + 1 + 194 200 Float 4,145 + 513 344 5,151 Other F.R. assets 9.284 + 10 + 697 9,461 Total Reserve Bank credit 150,849 4,105 7,158 152,030 Gold stock 11,151 10 11,151 Special Drawing Rights certificate account 3,318 + 800 3 $ 318 Treasury currency outstanding 13.693 + 262 13,698 179,012 4,099 + 8,212 180,197 Currency in circulation** 143,282 1,377 •f 8,802 143,010 Treasury cash holdings** 444 1 5 445 Treasury deposits with F.R. Banks 3,069 678 16 3,235 Foreign deposits with F.R. Banks 530 79 275 Other deposits with F.R. Banks 479 394 + 84 443 Required clearing balances 125 8 125 125 Other F.R. liabilities and capital 5.150 175 4- 379 5,242 153,280 2,533 9,379 152,775 Reserve balances with F.R. Banks3 25,732 1,565 1,168 27,423 Total vault cash (estimated) 20,698 + 1,502 + 308 20,698 (a) Vault cash at Institutions with required reserve balances 14,336 •f 821 68 14,336 (b) Vault cash equal to required reserves at other institutions 2,326 + 265 1,626 2,326 (c) Surplus vault cash at other institutions4 4,036 416 1,386 4,036 Reserve balances + total vault cash3'5 46,444 65 959 48,135 Reserve balances + total vault cash used to satisfy reserve requirements5' 6 42,408 481 + 427 44,099 Required reserves 7 42,175 30 935 42,175 Excess reserve balances at F.R. Banks5'^ 233 511 508 1,924 On January 13, 1982 , marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official an dinter national accounts were $ 96,806 million, an increase of $727 million for the week. 1 Net of $ 2,793 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net or $ 1,859 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. Government securit 2 Net of $4,601 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 1,597 million was with foreign official and international accounts. Includes $ 312 million securities loaned-fully secured by U.S. Governm* 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 $ 14 million waivers of penalties for reserve deficiencies in accordance with Board policy effective Novembe rH, Vj'?v 6 Reserve balances with Federal Reserve Banks (which exclude required clearing balances) plus vau lctash at institutions with required reserve balances plus vault cash equal to required reserves at other institutions. 7 Beginning with the week ended December 23, 1981, reserves aggregates have been reduced by shifts of reservalile liabilities to International Banking Facilities (IBFs). An estimate of the size of this impact will be published when available on the basis of reports of liabilities transferred to IBFs by U.S. commercial banks and U.S. agencies and branches of foreign banks. 8 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 (Richmond and Atlanta Districts). ** Estimated (Treasury's Figures). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS Millions of dollars Change since * Wednesday ** January 13, 1982 January 6. 1982 January 14, 1981 ASSETS Gold certificate account 11,151 — 9 Special Drawing Rights certif. acct. 3,318 — + 800 Coin 374 + 7 25 Loans 2,883 + 841 + 344 Acceptances- - 136 Held under repurchase aggreements Federal agency abligations— 9,089 20 + 350 Bought outright - 364 Held under repurchase agreements 1 U.S. government securities: 47,067 50 +1,107 Bought outright—Bills 59,978 — +1,260 Notes 1188,,440011 — +1,508 Bonds Total bought outright 2 112255,,444466 50 +3,875 Held under repurchase agreements 1 — -2,199 125,446 -2,249 Total U.S. government securities 137,418 -1,928 Total loans and securities (5,480) 12,030 +1,007 Cash items in process of collection 499 4 Bank premises 8,962 + 39 Other assets 3 (5,480) 173,752 - 879 TOTAL ASSETS LIABILITIES Federal Reserve notes 130,130 -1,341 +8 ,686 Deposits: Depository institutions 27,548 + 502 -2 ,259 U.S. Treasury—general account 3,235 + 749 + 421 Foreign—official accounts 275 + 58 - 26 Other (2,710) 443 - 241 + 73 Total deposits (2,710) 31,501 +1,068 -1 ,791 Deferred availability cash items ( 2,770 ) 6,879 - 495 + 221 Other liabilities and accrued dividends 4 2,384 - 148 + 162 TOTAL LIABILITIES (5,480) 170,894 - 916 +7 ,278 CAPITAL ACCOUNTS Capital paid in 1,281 + 3 + 78 Surplus 1,278 — + 75 Other capital accounts 299 + 34 + 36 * 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 $ 4,601 million matched sale-purchase transactions outstanding at the end of the latest: statement week. Includes $ 312 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 $ 32 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 (Richmond and Atlanta Districts). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JANUARY 13, 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 2,854 — 2,186 -3,049 181 -465 16 days to 90 days 29 — 23,461 + 858 693 + 70 91 days to 1 year — — 35,388 58 1,319 - 69 Over 1 year to 5 years — — 36,025 — 5,366 + 80 Over 5 years to 10 years — — 11,752 — 957 Over 10 years — — 16,634 — 573 — Total 2,883 — 125,446 -2,249 9,089 -384 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 13, 1982 Millions of dollars Total Boston New York Philadelphia Cleveland Richmond * Atlant • a • * 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 Com 374 21 18 21 38 47 42 21 27 17 31 28 63 Loans 2,883 23 2,518 62 4 13 24 34 18 8 49 57 73 Acceptances held under repurchase agreements Federal agency obligations; ioufht outright 9,089 387 2,646 325 660 726 289 1,387 337 136 416 568 1,212 H«1d under repurchase agreements 1 U.S. fwwnmfrfit s&eurrtiee: B«u#fet @ytri§ht-l*U& 47,067 2,004 13,703 1,684 3,417 3,757 1,495 7,186 1,744 704 2,153 2,945 6,275 NNNNooootttteeeessss 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 BBBBoooonnnnddddssss 18,401 783 5,357 659 1,336 1.469 585 2.809 682 275 842 1.151 2.453 TTTToooottttaaaallll bbbboooouuuugggghhhhtttt oooouuuuttttrrrriiiigggghhhhtttt 2222 125,446 5,340 36,521 4,489 9,107 10,015 3,986 19,151 4,649 1,876 5,738 7,849 16,725 HHHHeeeelllldddd uuuunnnnddddeeeerrrr rrrreeeeppppuuuurrrrcccchhhhaaaasssseeee aaaaggggrrrreeeeeeeemmmmeeeennnnttttssss **** TTTToooottttaaaallll UUUU....SSSS.... ggggoooovvvveeeerrrrnnnnmmmmeeeennnntttt sssseeeeccccuuuurrrriiiittttiiiieeeessss 125,446 5,340 36,521 4,489 9,107 10,015 3.986 19.151 4.649 1.876 5.738 7.849 16.725 TTTToooottttaaaallll llllooooaaaannnnssss aaaannnndddd sssseeeeccccuuuurrrriiiittttiiiieeeessss 137,418 5,750 41,685 4,876 9,771 10,754 4,299 20,572 5,004 2,020 6,203 8,474 18,010 ))))$$$$hhhh iiiitttteeeemmmmssss iiiinnnn pppprrrroooocccceeeessssssss ooooffff ccccoooolllllllleeeeccccttttiiiioooonnnn 17,510 637 4,509 542 917 2,736 680 1,943 888 588 1,520 1,421 1,129 ffffeeee aaaannnnkkkk pppprrrreeeemmmmiiiisssseeeessss ' 499 98 23 52 27 99 34 18 14 28 22 14 70 ttttJJJJtttthhhheeee**** aaaasssssssseeeetttt**** 3333 8,962 268 2,718 341 615 510 545 1,220 269 249 380 542 1,305 -0- + 185 +1,075 - 438 -1.574 + 405 +1.996 -1,84* - 877 - 272 + 499 + 440 + 409 TOTAL ASSETS 179,232 8,141 54,139 6,066 10,852 15,986 8,130 23,616 5,904 2,867 9,343 11,739 22,449 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 $ 4,601 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 312 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 $32 million in Treasury Bills maturing within 90 days. * Estimated (Richmond and Atlanta Districts). 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 January 13, 1982 Millions of dollars * * Kansas San total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 130,130 6,940 39,588 5,123 8,925 11,970 2,773 19,394 4,469 1,440 6,555 8,432 14,521 Deposits : Depository Institutions 27,548 635 8,-358 481 1,173 1,385 1,523 2,729 655 789 1,302 2,059 6,459 U.S. Treasury -general account 3,235 3,235 Foreign-official accounts 275 6 112 9 16 11 16 31 6 8 10 14 36 Other 3.153 27 475 25 43 93 2,011 79 46 12 24 106 212 Total deposits 34,211 668 12,180 515 1,232 1,489 3,550 2,839 707 809 1,336 2,179 6,707 Deferred availability cash items 9,649 355 936 228 313 2,185 1,498 624 555 484 1,219 793 459 Other liabilities and accrued dividends * 2,384 100 708 84 168 183 108 353 85 36 106 148 305 TOTAL LIABILITIES 176,374 8,063 53,412 5,950 10,638 15,827 7,929 23,210 5,816 2,769 9,216 11,552 21,992 CAPITAL ACCOUNTS Capital paid in 1,281 33 321 53 96 66 97 180 38 47 57 84 209 Surplus 1,278 33 319 53 96 66 97 180 37 47 57 84 209 Other capital accounts 299 12 87 10 22 27 7 46 13 4 13 19 39 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 179,232 8,141 54,139 6,066 10,852 15,986 8,130 23,616 5,904 2,867 9,343 11,739 22,449 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 150,831 7,875 43,670 7,347 9,874 13,342 5,136 21,097 5,559 1,977 7,878 10,219 16,857 T.ess-Held by F.R. Banks "20,701 935 4,082 2,224 949 1,372 2,363 1,703 1.090 537 1,323 1.787 2,336 F.R. Notes, Net 130,130 6,940 39,588 5,123 8,925 11,970 2,773 19,394 4,469 1,440 6,555 8,432 14,521 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 Soecial Drawing Rights certif. acct. 3,318 165 951 141 253 288 98 519 129 48 154 192 380 Other Eligible Assets 31 31 U.S. govt, and agency securities 115,630 5,727 35,477 4,451 7,867 10,535 2,239 17,704 3,890 1.203 5,867 7.612 13,058 Total collateral 130,130 6,940 39,588 5,123 8,925 11,970 2,773 19,394 4,469 1,440 6,555 8,432 14,521 1 includes exchange translation account reflecting the monthly revaluation at market e«change rates of foreign exchange commitments. * Estimated (Richmond and Atlanta Districts). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis