H.4.1 Factors Affecting Reserve Balances of Depository Institutions

.''ol^oy* FEDERAL RESERVE ?f^P?:- Factors Affecting Reserves of Depository Institutions and Condition Statement of F.R. Banks H.4.1. For immediate release January 22, 1982 1 Averages of daily figures (millions of dollars) RReesseerrvveess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss,, WWeeeekk eennddeedd Change from week ended WWeeddnneessddaayy RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss JJaannuuaarryy 2200,, January TT January 21, JJaannuuaarryy 2200,, 11998822 1982 1QB1 11QQRR?? Reserve Bank credit: 1 2 U.S. government securit es— Bought outright—system account 125,437 1,886 + 5,684 124,872 Held under repurchase agreements 416 + 416 + 217 2,915 Federal agency obligations- Bought outright 9,082 18 + 343 9,057 Held under repurchase agreements 23 + 23 + 8 160 Acceptances- Bought outright Held under repurchase agreements 60 + 60 + 28 417 Loans to depository institutions 950 50 469 3,682 includes: seasonal borrowing of 70 4- 17 53 76 extended credit of 195 + 1 19 192 Float 6,762 + 2,651 + 3,112 6,579 Other F R assets Q 448 + 158 + 253 10,084 Total Reserve Bank credit 152,178 + 1,354 + 9,176 157,766 Gold stock 11,151 9 11,151 Special Drawing Rights certificate account 3,318 + 800 3,318 Treasury currency outstanding 13,700 + 7 + 262 13.705 180,347 + 1,360 + 10,230 185,940 Currency in circulation* 141,881 1,385 + 9,070 141,451 Treasury cash holdings* 445 + 1 + 8 445 Treasury deposits with F.R. Banks 3,712 + 643 + 603 3,661 Foreign deposits with F.R. Banks 334 196 + 30 264 Other deposits with F.R. Banks 470 10 202 543 Required clearing balances 128 + 3 + 128 128 Other F.R. liabilities and capital 5,390 + 11 1 + 417 5,272 152,360 934 + 10,053 151,764 Reserve balances with F.R. Banks 3 27,988 + 2,295 + 179 34,176 Total vault cash 20,970 + 272 + 726 20,970 (a) Vault cash at institutions with required reserve balances 14,447 + 111 + 381 14,447 (b) Vault cash equal to required reserves at other institutions 2,235 91 + 1,535 2,235 (c) Surplus vault cash at other institutions4 4,288 + 252 1,190 4,288 Reserve balances + total vault cash3'5 48,974 + 2,569 + 809 55,162 Reserve balances + total vault cash used to satisfy reserve requirements ' ° 44,686 + 2,317 + 1,999 50,874 Required reserves 7 44,352 + 2,177 + 2,172 44,352 Excess reserve balances at F.R. Banks5, ® ] 334 + 140 173 J 6,522 On January 20, 1982 , marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter national accounts were $ 95,430 million, a decrease of $i,376 million for the week. 1 Net of $ 4,179 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ l,99^nillion was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. Government securities. 2 Net of $ 4,506million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 2,003 million was with foreign official and international accounts. Includes $ 155 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 $ 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 7 Beginning with the week ended December 23, 1981, reserves aggregates have been reduced by shifts of reservafele 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 (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 ** WWeeddnneessddaayy Wednesday Wednesday January 20, 1982 January 11> , 1982 January 2i, 1981 ASSETS Gold certificate account 11,151 "••• ~ 8 Special Drawing Rights certif. acct. 3,318 — + 800 Coin 392 + 14 - 33 Loans 3,682 + 776 + 2,333 Acceptances- -.-* Held under repurchase aggreements 417 + 417 + 417 Federal agency abligations- Bought outright 9,057 - 32 + 318 Held under repurchase agreements 1 160 + 160 + 160 U.S. government securities: Bought outright-Bills 46,493 - 574 + 8,292 Notes 59,978 .... + 1,260 Bonds 1188,,440011 ... ++ 1,508 Total bought outright 2 112244,,887722 - 574 ++ 11,060 Held under repurchase agreements 1 2,915 + 2 ,915 + 2,915 Total U.S. government securities 127^787 + 2 ,341 + 13,975 Total loans and securities 141,103 + 3 ,662 + 17,203 Cash items in process of collection ( 3,337) 14,428 + 2 ,593 + 2,726 Bank premises 500 + 1 + 42 Other assets 3 9,584 + 580 + 844 TOTAL ASSETS (( 33,,333377 ) 180^476 + 6 A 850 + 21^574 LIABILITIES Federal Reserve notes 128,583 1,467 8,837 Deposits Depository institutions 34,304 + 6,646 + 10,454 U.S. Treasury—general account 3,661 + 426 + 648 Foreign—official accounts 264 - 11 + 16 Other ( 1) 543 + 95 + 7 Total deposits ( 1> .38 772 + 7,156 + 11,125 Deferred availability cash items ( 3,336) 7 849 + 1,195 + 1,041 Other liabilities and accrued dividends 4 2 425 - 24 + 367 L TOTAL LIABILITIES ( 3,337) 177,629 + 6,860 + 21,370 CAPITAL ACCOUNTS Capital paid in 1,284 + 3 + 80 Surplus 1,278 + 75 Other capital accounts 285 . 13 + 49 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 $ -0* million was outstanding at the end of the latest statement week. Net of $ 4,506 million matched sale-*purchase transactions outstanding at the end of the latest statement week. Include» $ 155 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 $ 49 million in Treasury Bills maturing within 90 days. Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. MATURITY DISTRIBUTION OF LOANS AND SECURITIES January 20, 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 changies Within 15 days 3,666 417 7,030 + 4,844 2h + 45 16 days to 90 days 16 -- 21,265 - 2,196 643 - 50 91 days to 1 year -- -- 35,081 - 307 1,413 + 94 Over 1 year to 5 years -- -- 36,025 -- 5,404 + 33 Over 5 years to 10 years -- -- 11,752 -- 960 + 3 OOvveerr 1100 yyeeaarrss -- -- 1166,,663344 -- 557733 ... TToottaall 3,682 417 112277,,778877 + 2,341 """"99,,221177 + 128 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 20, 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 Draw ng Rights certif. acct. 3,318 165 951 141 253 288 98 519 129 48 154 192 380 Coin 392 21 20 21 40 48 47 22 27 17 • 33 29 67 Loans 3,682 304 707 182 155 99 49 1,538 83 115 73 236 141 Acceptances held under repurchase agreements 417 417 Federal agency obligations: Bought outright 9,057 385 2,637 324 657 723 288 1,383 336 135 414 567 1,208 Held under repurchase agreements 1 160 -- 160 -- -- -- — — — — — -- -- U.S. government securities: Bought outright—Bills 46,493 1,979 13,536 1,664 3,376 3,711 1,477 7,098 1,723 696 2,126 2,908 6,199 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 2 124,872 5,315 36,354 4,469 9,066 9,969 3,968 19,063 4,628 1,868 5,711 7,812 16,649 Held under repurchase agreements 1 2,915 -- 2,915 -_ -- -- -- -- -- -- -- -- — Total U.S. government securities 127,787 5,315 39,269 4,469 9,066 9,969 3,968 19,063 4,628 1,868 5,711 7,812 16,649 Total loans and securities 141,103 6,004 43,190 4,975 9,878 10,791 4,305 21,984 5,047 2,118 6,198 8,615 17,998 Cash items in process of collection 17,765 717 1,798 1,012 879 3,777 2,721 1,410 1,070 503 1,321 1,501 1,056 Bank premises 500 98 23 52 27 100 34 18 14 28 22 14 70 Other assets 3 9,584 272 2,791 386 609 518 535 1,259 723 245 390 570 1,286 Interdistrict settlement account -0- - 27 +3,624 - 367 -1,221 + 194 - 2,277 - 917 -1,433 - 419 + 884 + 829 + 1,130 TOTAL ASSETS 183,813 8,267 55,557 6,751 11,270 16,863 5,899 25,466 6,027 2,729 9,536 12,378 23,070 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 $ 4,506 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 135 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 $49 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 January 20, 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 128,583 6,804 39,369 5,033 8,715 11,942 2,670 18,953 4,300 1,397 6,565 8,512 14,323 Deposits: Depository Institutions 34,304 937 9,363 1,032 1,747 1,475 1,621 5,054 757 775 1,628 2,642 7,273 U.S.Treasury-general account 3,661 3,661 Foreign—official accounts 264 6 101 9 16 11 16 31 6 8 10 14 36 Other 544 1 453 1 1 28 4 51 1 2 1 1 Total deposits 38,773 944 13,578 1,042 1,764 1,514 1,641 5,136 764 783 1,640 2,657 7,310 Deferred availability cash items 11,185 346 1,072 479 415 3,074 1,277 636 796 416 1,103 •881 690 Other liabilities and accrued dividends * 2,425 95 810 81 162 178 106 338 82 35 102 142 294 TOTAL LIABILITIES 180,966 8,189 54,829 6,635 11,056 16,708 5,694 25,063 5,942 2,631 9,410 12,192 22,617 CAPITAL ACCOUNTS Capital paid in 1,284 33 322 53 96 66 98 180 38 47 57 84 210 Surplus 1,278 33 319 53 96 66 97 180 37 47 57 84 209 Other capital accounts 285 12 87 10 22 23 10 43 10 4 12 18 34 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 183,813 8,267 55,557 6,751 11,270 16,863 5,899 25,466 6,027 2,729 9,536 12,378 23,070 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 150,755 7,836 43,601 7,365 9,728 13,462 5,363 20,840 5,471 1,945 7,936 10,366 16,842 Less-Held by F.R. Banks 22,172 1,032 4L232 2,332 1,013 1,520 2,693 1.887 1,171 548 1,371 .. ._U?54 2,519 F.R. Notes, Net 128,583 6,804 39,369 5,033 8,715 11,942 2,670 18,953 4,300 1,397 6,565 8,512 14,323 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 U.S. govt, and agency securities 114,114 5,622 35.258 4,361 7,657 10,507 2.136 17,263 3,721 1,160 5,877 7.692 12,g60 Total collateral 128,583 6,804 39,369 5,033 8,715 11,942 2,670 18,953 4,300 1,397 6,565 8,512 14,323 1 Includes exchange translation account reflecting monthly revaluation at market exchange rates of foreign exchange commitments. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis