H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE ?*F^y Factors Affecting Reserves of Deposi t Institutions and Condition Statement of F.R. Banks H.4.1. For immediate release February 12, 1982 • • ••••'» • i I i • H H!» Pill, | Averages of daily figures (m llions of dollars) RReesseerrvveess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss,, WWeeeekk eennddeedd Change from week ended WWeeddnneessddaayy RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss FFeebbrruuaarryy 1100,, February 3, | February 11, FFeebbrruuaarryy 1100,, IQft? IQft? 1 1981 1982 Reserve Bank credit: 1 2 U.S. government securities- Bought outright-system account 125,075 | - 265 + 9,218 125,183 Held under repurchase agreements -- - 3,676 -- -* Federal agency obligations- Bought outright 9,053 - 3 + 314 9,046 Held under repurchase agreements -- - 150 -- -- Acceptances- Bought outright -- -- -- Held under repurchase agreements -- - 466 -- -- Loans to depository institutions 1,664 - 183 + 551 2,283 Includes: seasonal borrowing of 114 + 4 - 17 114 extended credit of 225 + 13 + 225 235 Float 3,244 + 519 - 194 3,952 Other F.R. assets 9,668 + 71 - 730 9.824 Total Reserve Bank credit 148,704 - 4,153 + 9,159 150,288 Gold stock 11,151 -- - 8 11,151 Special Drawing Rights certificate account 3,568 + 179 + 1,050 3,568 Treasury currency outstanding 13,705 -- + 245 13,705 177,128 - 3,975 + 10,446 178,712 Currency in circulation* 140,525 + 578 + 8,809 141,235 Treasury cash holdings* 457 + 4 + 6 460 Treasury deposits with F.R. Banks 5,319 - 2,544 + 1,393 4,417 Foreign deposits with F.R. Banks 279 - 35 - 4 340 Other deposits.with F.R. Banks 490 + 15 + 59 529 Required clearing balances 137 + 2 + 137 137 OOtthheerr FF..RR.. lliiaabbiilliittiieess aanndd ccaappiittaall Sf0Q7 , - 377 + 565 4,967 152,304 - 2,356 + 10,966 152,085 Reserve balances with F.R. Banks 3 24,824 ! - 1,619 - 520 26,627 Total vault cash 20,071 - 379 + 1,329 20,071 (a) Vault cash at institutions with required reserve balances 1 13,623 - 417 + 681 13,623 (b) Vault cash equal to required reserves at other institutions 2,271 + 32 | + 1,571 2,271 (c) Surplus vault cash at other institutions4 4,177 ! + 6 - 923 4,177 Reserve balances + total vault cash3*5 44,911 - 1,998 + 715 46,714 Reserve balances + total vault cash used to satisfy reserve requirements5, 6 40,734 - 2,004 + 1,638 42,537 Required reserves 7 40,531 - 1,801 + 1,605 40,531 Excess reserve balances at F.R. Banks5, 8 _ _ _ _. 203 ! - 203 + 33 2,006 On February 10, 1982 marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter t national accounts were $ 96,024 million, a decrease of $3,759 million for the week. 1 Net of $1,751 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $1,751 million was with foreign official and international accounts. Includes securities ioaned-fully secured by U.S. Government securities. 2 Net of $ 1,612million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 1,612 million was with foreign official and international accounts. Includes $ 168 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 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 (IBFB). On the basis of reports of liabilities transferred to IBFs by U.S. commercial banks and U.S. agencies and branches of foreign banks, it is estimated that the cumulative effect through the week of February 10 was to lower required reserves by $180 to $230 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 (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 Wednesday Wednesday February 10, 1982 February 3. 1982 February 11, 1Qftl ASSETS Gold certificate account 11,151 8 Special Drawing Rights certif. acct. 3,568 + 1,050 Coin 428 + 12 49 Loans 2,283 + 483 4- 1,246 Acceptances- 596 Held under repurchase aggreements Federal agency abligations- 9,046 307 Bought outright — - 406 — Held under repurchase agreements 1 U.S. government securities: 46,804 _ 405 + 5,269 Bought outright—Bills 59,978 — + 1,260 Notes 1188,,440011 — ++ 1,508 Bonds 112255,,118833 - 405 ++ 8,037 Total bought outright 2 — 77,,335544 — Held under repurchase agreements 1 125,183 IIII 77,,775599 + 8,037 Total U.S. government securities 136,512 - 8,286 + 9,590 Total loans and securities (2,324 ) 9,392 - 841 _ 1,933 Cash items in process of collection 503 + 1 + 45 Bank premises Other assets 3 9,321 + 114 _ 799 (2,324 ) 170,875 - 9,000 + 7,896" TOTAL ASSETS LIABILITIES Federal Reserve notes 128,418 891 8,499 Deposits: Depository institutions 26,764 - 7,414 - 1,804 U.S. Treasury—general account 4,417 - 1,159 + 949 Foreign—official accounts 340 + 66 + 73 Other 529 + 13 + 105 Total deposits 32 ,050 - 8,494 - 677 O De th fe e r r r e li d a b a il v it a ie il s a b a il n it d y a c c a c s r h u e it d e m di s v idends 4 (2,324 ) 5 2 , , 4 0 4 9 0 6 - - 5 92 3 4 1 + - 18 5 5 8 TOTAL LIABILITIES (2,324 ; 168,004 — 9,058 + 7,695 CAPITAL ACCOUNTS Capital paid in Surplus 1,289 + 2 + 79 Other capital accounts 1,278 — + 75 304 + 56 + 47 * 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 $1,612 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 168 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 $ 42 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, February 10, 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 cha nges Within 15 days 2,207 — 5,249 _ 5,782 135 349 16 days to 90 days 76 — 21,587 _ 1,727 572 136 91 days to 1 year — — 33,987 _ 250 1,378 + 47 Over 1 year to 5 years — — 35,974 5,428 + 2244 Over 5 years to 10 years — 11,752 960 OOvveerr 1100 yyeeaarrss — —_ 1166,,663344 — 573 TToottaall 2,283 — 112255,,118833 - 7,759 9,046 - ~414~ 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 February 10, 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. 3,568 189 1,072 143 243 326 85 528 123 40 180 234 405 Coin 428 26 23 24 41 52 50 26 29 17 35 33 72 Loans 2,283 45 983 84 217 262 79 126 95 73 184 86 49 Acceptances held under repurchase agreements Federal agency obligations: Bought outright 9,046 385 2,634 324 657 722 287 1,381 335 135 414 566 1,206 Held under repurchase agreements 1 — -- -- -- '- -- -" -" ~" *~ "" U.S. government securities: Bought outright—Bills 46,804 1,993 13,626 1,675 3,398 3,736 1,487 7,145 1,734 701 2,140 2,928 6,241 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 2 125,183 5,329 36,444 4,480 9,088 9,994 3,978 19,110 4,639 1,873 5,725 7,832 16,691 Held under repurchase agreements 1 __ __ -- -- -- -- -- -- -- -- ~" "~ Total U.S. government securities 125,183 5,329 36,444 4,480 9,088 9,994 3,978 19,110 4,639 1,873 5,725 77,,883322 16,691 Total loans and securities 136,512 5,759 40,061 4,888 9,962 10,978 4,344 20,617 5,069 2,081 6,323 88,,448844 17,946 Cash items in process of collection 11,716 444 1,316 587 357 2,158 1,572 1,060 646 388 1,310 11,,113355 743 Bank premises 503 98 23 52 27 100 34 18 14 28 22 1144 73 Other assets 3 9,321 284 2,832 382 635 548 544 1,284 281 253 402 555588 1,318 -0- + 121 + 4,946 -272 -1,602 - 100 -1,418 -1,933 -1,146 - 461 + 95 ++ 444477 +1,323 TOTAL ASSETS 173,199 7,938 53,433 6,335 10,468 15,209 5,647 22,771 5,466 2,535 8,901 11,533 22,963 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 $ 1,612 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $168 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 $42 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 February 10, 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 128,418 6,801 39,528 5,074 8,770 12,034 2,449 19,042 4,228 1,417 6,485 8,490 14,100 Deposits: Depository Institutions 26,764 713 6,864 965 1,050 823 1,793 2,447 631 597 1,169 1,987 7,725 U.S. Treasury —general account 4,417 4,417 Foreign—official accounts 340 6 175 9 17 11 17 31 6 8 10 14 36 Other 529 443 1 24 5 45 1 1 1 7 1 Total deposits 32,050 719 11,899 974 1,068 858 1,815 2,523 638 606 1,180 2,008 7,762 Deferred availability cash items 7,764 247 745 91 261 1,991 1,062 474 435 380 1,009 709 360 Other liabilities and accrued dividends 2,096 92 529 80 155 170 115 326 79 33 99 137 281 TOTAL LIABILITIES 170,328 7,859 52,701 6,219 10,254 15,053 5,441 22,365 5,380 2,436 8,773 11,344 22,503 CAPITAL ACCOUNTS Capital paid in 1,289 34 322 53 97 66 98 180 38 47 58 86 210 Surplus 1,278 33 319 53 96 66 97 180 37 47 57 84 209 Otner capital accounts 304 12 91 10 21 24 11 46 11 5 13 19 41 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 173,199 7,938 53,433 6,335 10,468 15,209 5,647 22,771 5,466 2,535 8,901 11,533 22,963 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 150,557 7,876 43,866 7,312 9,721 13,454 5,028 21,056 5,508 1,909 7,949 10,357 16,521 Less - Held by F.R. Banks 22,139 1,075 4,338 2,238 951 1,420 2,579 2,014 1.280 492 1,464 1,867 2,421 F.R. Notes, Net 128,418 6,801 39,528 5,074 8,770 12,034 2,449 19,042 4,228 11,,441177 66,,448855 88,,449900 14,100 Collateral held against F.R. notes Gold certificate account 11,151 1,017 3,160 531 805 1,147 436 1,171 450 118899 553344 662288 1,083 Special Drawing Rights certif. acct. 3,568 189 1,072 143 243 326 85 528 123 4400 118800 223344 405 Other eligible assets U.S. govt, and agency securities 113,699 5,595 35.296 4,400 7,722 10,561 1.928 17,343 3,655 11,,118888 55,,777711 77,,662288 12,612 Total collateral 128,418 6,801 39,528 5,074 8,770 12,034 2,449 19,042 4,228 _ 11,,441177 ____66^^448855 88**449900 14 J. 00 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