H.4.1 Factors Affecting Reserve Balances of Depository Institutions

.OL^-r- FEDERAL RESERVE Factors Affecting Reserves of Depository Institutions and '•f^TR^V. Condition Statement of F.R. Banks H.4.1. For immediate release January 29, 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 27, January zu, January Z8, January 27, 1982 U22 T9& 1232 Reserve Bank credit: U.S. government securities- Bought outright-system account 124,791 646 7,803 126,541 Held under repurchase agreements 1,352 936 1,352 2,506 Federal agency obligations- Bought outright 9,058 24 319 9,057 Heid iqnder repurchase agreements 45 22 45 102 Acceptances- Bought outright Held under repurchase agreements 186 + 126 186 368 Loans to depository institutions 2,471 + 1,521 678 ,109 Includes: seasonal borrowing of 96 + 26 41 113 extended credit of 199 + 4 199 204 Float 3,358 3,336 123 ,732 Other F.R. assets 9,615 107 178 ,645 Total Reserve Bank credit 150,877 1,294 10,685 155,060 Gold stock 11,151 8 11,151 Special Drawing Rights certificate account 3,318 800 3,318 Treasury currency outstanding 13,705 259 13,705 179,051 1,289 11,737 183,234 Currency in circulation* 140,447 1,431 9,077 140,354 Treasury cash holdings* 447 4 450 Treasury deposits with F.R. Banks 6,147 2,435 2,649 7,169 Foreign deposits with F.R. Banks 292 42 17 346 Other deposits with F.R. Banks 448 22 20 437 Required clearing balances 131 3 131 131 Other F.R. liabilities and capital 5.269 12? 516 5,044 153,181 821 12,375 153,931 Reserve balances with F.R. Banks5 25,869 ,111 639 29,303 Total vault cash (estimated) 21,007 + 37 ,180 21,007 (a) Vault cash at institutions with required reserve balances 14,483 + 36 747 14,483 (b) Vault cash equal to required reserves at other institutions 2,265 + 30 ,565 265 (c) Surplus vault cash at other institutions4 4,259 29 132 259 Reserve balances + total vault cash3'5 46,892 ,074 ,450 50,326 Reserve balances + total vault cash used to satisfy reserve requirements e05 ,6 42,633 ,045 ,582 46,06? Required reserves 7 42,703 ,579 ,052 42,70 3 Excess reserve balances at F.R. Banks 5,8 70 466 470 3,364 On January 27, 1982 t marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter national accounts were $ 95,533 million, an increase of $103 million for the week, 1 Net of $2,562 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 1,891 million was with foreign official and international accounts. Includes securities loaned-fuily secured by U.S. Government securities. 2 Net of $812 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 812 million was with foreign official and international accounts. Includes $ 204 million securities ioaned-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 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 reservable liabilities to International Banking Facilities (IBFs). On the basis of reports of liabilities transferred to IBFs by U.S. commercial banks and U.S. agencies and branches of foreig nbanks, it is estimated that the cumulative effect through the week of January 27 was to lower required reserves by $40 to $60 million. 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 (Treasury1s 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 27. 1982 Januarv 20. 1982 Januarv 28 . 1981 ASSETS Gold certificate account 11,151 _._ _ 8 Special Drawing Rights certif. acct. 3,318 _._ + 800 Coirr 410 + 18 _ 37 Loans 5,109 + 1,427 + 3,556 Acceptances- Held under repurchase aggreements 368 _ 49 + 368 Federal agency abligations— Bought outright 9,057 _._ + 318 Held under repurchase agreements 1 102 _ 58 + 102 U.S. government securities: Bought outright-Bills 48,162 + 1,669 + 8,635 Notes 59,978 _._ + 1,260 BBoonnddss 18,401 — + 1,508 TToottaall bboouugghhtt oouuttrriigghhtt 22 126,541 + 1,669 + 11,403 Held under repurchase agreements 1 2,506 _ 409 + 2,506 Total U.S. government securities 129,047 + 1,260 + 13,909" Total loans and securities 143,683 — 2,580 + 18,253 Cash items in process of collection ( 3,033 ) 6,983 _ 7,445 _ 1,671 Bank premises 502 + ? + 44 Other assets 3 9,143 _ 441 279 TOTAL ASSETS ( 3,033 ) 175,190 - 5,286 + J^iof LIABILITIES Federal Reserve notes 127,509 - 1,074 + 8,701 Deposits: Depository institutions 29,434 - 4,870 + 4,111 U.S. Treasury—general account 7,169 + 3,508 + 4,195 Foreign-official accounts 346 + 82 + 44 Other 443377 110066 _ 2. ^^—— Total deposits 3377,,338866 11,,338866"" - 8,348 Deferred availability cash items ( 3,033 ) 5,251 - 2,598 - 342 Other liabilities and accrued dividends 4 2,196 - 229 + 179 TOTAL LIABILITIES ( 3,033 ) 172,342 - 5,287 + 16,886 CAPITAL ACCOUNTS Capital paid in 1,286 + 2 + 78 Surplus 1,278 — + 75 Other capital accounts 284 - 1 + 63 * 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 $1,206 million was outstanding at the end of the latest statement week, 2 Net of $ 812 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 204 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 $ 57 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, January 27, 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 5,079 3b8 7,801 f 771 243 + 19 16 days to 90 days 30 — 23,428 + 2,163 622 21 91 days to 1 year — — 33,407 - 1,674 1,357 56 Over 1 year to 5 years — — 36,025 — 5,404 — Over 5 years to 10 years — — 11,752 __ 960 — Over 10 years — ~ 1166,,663344 — 557733 — Total 5,109 368 112299,,004477 + 1,260 99,,115599 58 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STA1 EMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON js-v^rv Millions of dollars Total Boston New York IP, ..--''pphhiiaa 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 acco'jrv- 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 410 24 12 40 50 49 24 28 17 33 31 69 Loans 5,109 122 1,757 200 238 451 52 1,237 159 30 160 252 451 Acceptances held under repurchase agreements 368 368 -- ~~ ~- -- "- -- -- -- -- Federal agency obligations: Bought outright 9,05T 385 2,6 37 324 657 723 288 1,383 336 135 414 567 1,208 Held under repurchase agreements 1 102 -- 102 -- -- -- -- -- — -- -- -- -- U.S. government securities: Bought outright-Bills 48,162 2,050 14,021 1,724 3,497 3,844 1,530 7,353 1,785 721 2,203 3,013 6,421 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 2 126,541 5,386 36,839 4,529 9,187 10,102 4,021 19,318 4,690 1,893 5,788 7,917 16,871 Held under repurchase agreements 1 2,506 -- 2,506 -- -- -- -- -- -- -- -- -- -- Total U.S. government securities 129,047 5,386 39,345 4,529 9,187 10,102 4,021 19,318 4,690 1,893 5,788 7,917 16,871 Total loans and securities 143,683 5,893 44,209 5,053 10,082 11,276 4,361 21,938 5,185 2,058 6,362 8,736 18,530 Cash items in process of collection 10,016 346 551 334 470 2,037 1,267 867 638 515 1,180 1,113 698 Bank premises 502 98 • 23 52 27 100 34 18 14 28 22 14 72 Other assets 3 9,143 277 2,782 352 621 529 545 1,271 271 250 392 548 1,305 Interdistrict settlement account -0- + 7 +4,583 - 502 -1,666 + 29 - 851 -1,897 -1,059 - 489 + 590 + 426 + 829 TOTAL ASSETS 178,223 7,827 56,281 5,984 10,632 15,456 5,939 23,911 5,656 2,616 9,267 11,688 22,966 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 $ 1,206 million was outstanding at the end of the latest statement week. 2 Net of $ 812 million matched sale purchase transactions outstanding at the end of the latest statement week. Includes $ 204 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 $57 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 27, 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 127,509 6,724 39,205 5,009 8,672 11,913 2,460 18,857 4,223 1,387 6,535 8,454 14,070 Deposits: Depository Institutions 29,434 654 7,164 598 1,271 1,275 2,164 3,766 731 679 1,479 2,074 7,579 U.S. Treasur y-general account 7,169 7,169 Foreign—official accounts 346 6 183 9 16 11 16 31 6 8 10 14 36 Other 437 340 1 26 2 59 1 2 5 1 Total deposits 37,386 660 14,856 607 1,288 1,312 2,182 3,856 738 687 1,491 2,093 7,616 Deferred availability cash items 8,284 276 843 173 301 1,907 990 468 530 409 1,018 817 552 Other liabilities «nd accrued dividends *• 2,196 91 637 79 157 170 102 325 79 34 97 146 279 TOTAL LIABILITIES 175,375 7,751 55,541 5,868 10,418 15,302 5,734 23,506 5,570 2,517 9,141 11,510 22,517 CAPITAL ACCOUNTS Capital paid in 1,286 33 322 53 97 66 98 180 38 47 57 85 210 Surplus 1,278 33 319 53 96 66 97 180 37 47 57 84 209 Other capital accounts 284 10 99 10 21 22 10 45 11 5 12 9 30 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 178,223 7,827 56,281 5,984 10,632 15,456 5,939 23,911 5,656 2,616 9,267 11,688 22,966 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 150,632 7,812 43,674 7,353 9,715 13,523 5,240 20,890 5,494 1,936 7,938 10,323 16,734 Less - Held by F.R. Banks 23,123 1,088 4,469 2,344 1,043 1,610 2,780 2.033 1.271 549 1.403 1.869 2.664 F.R. Notes, Net 127,509 6,724 39,205 5,009 8,672 11,913 2,460 18,857 4,223 1,387 6,534 8,454 14,070 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 113^040 5,542 35,094 4,337 7,614 10,478 1,926 17,167 3.644 1.150 5.847 7,634 12,607 Total collateral i 127,509 1 6,724 39,205 5,009 6,672 11,913 2,460 \s\te1 *.*** _JLlift2 *:»5 81454 14.Q7Q 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis