H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE •?f3fPF- Factors Affecting Reserves of Depository Institutions and Condition Statement of F.R. Banl^p H.4.1. For immediate release March 5, 1982 .1 ••••> • . .m Averages of daily figures (millions of dollars) RReesseerrvveess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss,, Week ended Change from week ended Wednesday RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss March 3, 1982 Feb. 24, 1982 March 4, 1981 March 3, 1982 Reserve Bank credit: 1 2 U.S. government securities- Bought outright—system account 125,899 798 + 8,242 125,752 Held under repurchase agreements 239 - 535 + 239 1,668 Federal agency obligations- Bought outright 9,027 13 + 290 9,026 Held under repurchase agreements 19 24 + 19 135 Acceptances- Bought outright — — — — Held under repurchase agreements 33 22 + 33 231 Loans to depository institutions 1,566 - 334 + 267 4,620 Includes: seasonal borrowing of 147 + 1 29 146 extended credit of 288 + 66 + 288 300 Float 3,146 914 + 384 2,810 Other F.R. assets 9,339 + 517 589 8,904 Total Reserve Bank credit 149,267 - 2,124 + 8,885 153,146 Gold stock 11,150 — 6 11,150 Special Drawing Rights certificate account 3,568 — + 1,050 3,568 Treasury currency outstanding 13,714 + 4 + 37 13,717 177,699 - 2,120 + 9,966 181,581 Currency in circulation * 139,975 - 489 + 8,112 140,553 Treasury cash holdings * 475 + 5 + 14 475 Treasury deposits with F.R. Banks 3,928 - 2,765 + 1,246 3,594 Foreign deposits with F.R. Banks 344 + 68 3 248 Other deposits with F.R. Banks 973 + 542 + 553 367 Required clearing balances 142 + 1 + 142 142 Other F.R. liabilities and capital 5,787 + 5«1 -f 949 5,024 151,624 - 2 ,058 +11,014 150,403 Reserve balances with F.R. Banks 3 26,076 . 61 - 1,046 31,179 Total vault cash (estimated) 18,911 + 753 + 1,496 18,911 (a) Vault cash at institutions with required reserve balances 12,859 + 352 4- 1,219 12,859 (b) Vault cash equal to required reserves at other institutions 2,167 + 105 + 882 2,167 (c) Surplus vault cash at other institutions4 3,885 + 296 605 3,885 Reserve balances + total vault cash3-5 44,994 + 692 + 350 50,097 Reserve balances + total vault cash used to satisfy reserve requirements5, 6 41,109 + 396 + 955 46,212 RReeqquuiirreedd rreesseerrvveess 40,562 - 96 + 1,083 40,562 EExxcceessss rreesseerrvvee bbaallaanncceess aatt FF..RR.. BBaannkkss55 ,,77 3i42 + 49? •-r -128 1 s.fisn On March 3, 1982 , marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter national accounts were $94,610 million,an increase of $200 million for the week. 1 Net of $ 1,628 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 1,628 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. Government securities. 2 Net of $ 1,582million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 1,582 million was with foreign official and international accounts. Includes $ 348 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 $ 7 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 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 reserve sis 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 March 3, 1982 February 24, 1982 March 4, 1981 ASSETS Gold certificate account 11,150 Special Drawing Rights certif. acct. 3,568 + 1,050 Coin 437 47 Loans 4,620 + 3,206 -I- 2,681 Acceptances- 231 231 231 Held under repurchase aggreements Federal agency abligations— 9,026 - 5 + 289 Bought outright 135 + 135 + 135 Held under repurchase agreements 1 U.S. government securities: 47,303 - 498 + 7,079 Bought outright-Bills 60,359 — + 1,989 Notes 18,090 — + 872 Bonds 125,752 - 498 + 9,940 Total bought outright 2 1,668 + 1 ,668 + 1,668 Held under repurchase agreements 1 127,420 + 1 ,170 +11,608 Total U.S. government securities 141,432 + 4 ,737 +14,944 Total loans and securities ( 2,668> 10,139 + 2 ,092 550 Cash items in process of collection 508 + 3 + 47 Bank premises 8,396 - 54 - 1,439 Other assets 3 ( 2,668) 175,630 ±__6 _, 776 +13,999 TOTAL ASSETS LIABILITIES Federal Reserve notes 127,747 140 + 8,099 Deposits: Depository Institutions 31,321 + 6,416 + 5,040 U.S. Treasury—general account 3,594 - 1,549 + 495 Foreign—official accounts 248 16 26 Other (5) 367 + 17 151 Total deposits 35,530 + 4,868 + 5,358 Deferred availability cash items (,( 2 5) ,663 i ) 7,329 + 1,682 + 568 Other liabilities and accrued dividends 4 2,226 + 165 - 136 TOTAL LIABILITIES (2,668 ) 172,832 + 6,855 +13,889 CAPITAL ACCOUNTS Capital paid in 1,292 + 2 + 70 Surplus 1,278 — + 75 Other capital accounts 228 81 35 * 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 trans actions to foreign official and international accounts, of which $-0- million was outstanding at the end of the latest statement week. 2 Net of $1,582 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $348 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 $59 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, MARCH 3, 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 4,463 231 6,603 + 184 248 - 44 16 days to 90 days 157 — 24,403 - 417 599 + 59 91 days to 1 year — — 33,597 +1,302 1,368 +130 Over 1 year to 5 years — — 35,916 -- 102 5,398 - 30 Over 5 years to 10 years — — 10,193 — 976 + 16 Over 10 years — 1166,,770088 11 557722 - 1 Total 4,620 2233TT 112277,,442200 ++11,,117700 99,,116611 +130 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 MARCH 3 , 1982 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco ASSETS Gold certificate account 11,150 1,017 3,159 531 805 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 437 26 27 24 32 52 50 28 30 18 35 37 78 Loans 4,620 158 1,717 129 251 44 40 1,815 69 216 87 26 68 Acceptances held under repurchase agreements 231 -- 231 -- -- -- -- -- -- -- -- -- -•" Federal agency obligations: Bought outright 9,026 384 2,628 323 655 720 287 1,378 335 135 413 565 1,203 Held under repurchase agreements 1 135 -- 135 -- -- -- -- — -- -- -- -- — U.S. government securities: Bought outright-Bills 47,303 2,014 13,772 1,693 3,435 3,776 1,503 7,222 1,753 707 2,163 2,959 6,306 Notes 60,359 2,569 17,572 2,160 4,382 4,819 1,918 9,214 2,237 903 2,761 3,776 8,048 Bonds 18.090 770 5,266 647 1.313 1.444 575 2,762 671 271 827 1.132 2.412 Total bought outright 2 125,752 5,353 36,610 4,500 9,130 10,039 3,996 19,198 4,661 1,881 5,751 7,867 16,766 Held under repurchase agreements 1 1,668 -- 1,668 -- -- -- -- -- -- -- -- -- — Total U.S. government securities 127,420 5.353 38.278 4,500 9,130 10.039 3,996 19.198 4.661 1.881 5,751 7.867 16.766 Total loans and securities 141,432 5,895 42,989 4,952 10,036 10,803 4,323 22,391 5,065 2,232 6,251 8,458 18,037 Cash items in process of collection 12,807 449 1,232 388 660 2,475 1,874 1,291 688 526 1,347 1,191 686 Bank premises 508 98 23 51 27 102 36 18 14 28 22 15 74 Other assets 3 8,396 242 2,437 403 623 462 516 1,151 250 239 361 501 1,211 Interdistrict settlement account -0- 28 +4,130 - 487 -1,043 +1.068 -1.153 -3.093 - 996 - 506 + 493 + 922 + 693 TOTAL ASSETS 178,298 7,888 55,069 6,005 11,383 16.435 6.167 23.485 5.624 2.766 9.223 11.986 22.267 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 $ 1,582 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 348 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 $59 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 MARCH 3, 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 127,747 6,756 39,249 4,953 8,627 12,107 2,476 18,919 4,124 1,411 6,513 8,557 14,055 Deposits: Depository Institutions 31,321 639 9.696 561 1,975 1,579 1,932 3,091 728 715 1,269 2,162 6,974 U.S. Treasury -general account 3,594 3,594 Foreign—official accounts 248 7 61 10 19 13 19 35 7 9 11 16 41 Other 372 263 3 35 3 61 1 3 1 2 Total deposits 35,535 646 13,614 571 1,997 1,627 1,954 3,187 735 725 1,283 2,179 7,017 Deferred availability cash items 9,992 314 867 287 386 2,375 1,441 647 601 498 1,199 922 455 Other liabilities and accrued dividends *• 2,226 94 626 80 163 175 98 337 80 36 103 142 292 TOTAL LIABILITIES 175,500 7,810 54,356 5,891 11,173 16,284 5,969 23,090 5,540 2,670 9,098 11,800 21,819 CAPITAL ACCOUNTS Capital paid in 1,292 34 322 54 97 66 98 181 38 47 58 86 211 Surplus 1,278 33 319 53 96 66 97 180 37 47 57 84 209 Other capital accounts 228 11 72 7 17 19 3 34 9 2 10 16 28 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 178,298 7,888 55,069 6,005 11,383 16,435 6,167 23,485 5,624 2,766 9,223 11,986 22,267 FFEEDDEERRAALL RREESSEERRVVEE AAGGEENNTTSS'' AACCCCOOUUNNTTSS FF..RR.. nnootteess oouuttssttaannddiinngg 151,027 8,191 43,793 7,418 9,600 13,490 5,154 21,046 5,523 1,860 7,968 10,460 16,524 LLeessss--HHeelldd bbyy FF..RR.. BBaannkkss 23,280 1,435 4,544 2,465 973 1,383 2,678 2,127 1,399 449 1,455 1,903 2,469 FF..RR.. NNootteess,, NNeett 127,747 6,756 39,249 4,953 8,627 12,107 2,476 18,919 4,124 1,411 6,513 8,557 14,055 CCoollllaatteerraall hheelldd aaggaaiinnsstt FF..RR.. nnootteess:: GGoolldd cceerrttiiffiiccaattee aaccccoouunntt 11,150 1,017 3,159 531 805 1,147 436 1,171 450 189 534 628 1,083 SSppeecciiaall DDrraawwiinngg RRiigghhttss cceerrttiiff.. aacccctt.. 3,568 189 1,072 143 243 326 85 528 123 40 180 234 405 OOtthheerr EElliiggiibbllee AAsssseettss UU..SS.. ggoovvtt,, aanndd aaggeennccyy sseeccuurriittiieess 113.029 5.550 35.018 4.279 7.579 10.634 1.955 17.220 3.551 1.182 5.799 7.695 12.567 TToottaall ccoollllaatteerraall 127,747 6,756 39,249 4,953 8,627 12,107 2,476 18,919 4,124 1,411 6,513 8,557 14,055 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