H.4.1 Factors Affecting Reserve Balances of Depository Institutions

: pf COy, FEDERAL RESERVE '•^as^? Factors Affecting Reserves of Depository Institutions and Condition Statement of F.R. Banks H.4.1. For immediate release March 12, 1982 [ 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 10, 1982 March 3, 1982 March 11, 1981 March 10, 1982 Reserve Bank credit: 1 r U.S. government securit es— Bought outright-system account 122,067 -3,832 +5,317 121,302 Held under repurchase agreements 406 + 167 + 406 2,839 Federal agency obligations- Bought outright 9,024 3 + 288 9,013 Held under repurchase agreements 36 + 17 + 36 252 Acceptances- Bought outright — — — — Held under repurchase agreements 50 + 17 + 50 353 Loans to depository institutions 1,447 - 119 + 679 - 3,650 Includes: seasonal borrowing of 151 + 4 - 34 158 extended credit of 306 + 18 + 306 313 Float 3,056 - 79 + 42 2,166 Other F.R. assets 8,794 - 545 -1,133 8,943 Total Reserve Bank credit 144,880 -4,376 +5,685 148,518 Gold stock 11,150 —. 6 11,150 Special Drawing Rights certificate account 3,568 — +1,050 3,568 Treasury currency outstanding 13,717 + 3 + 233 13,717 173,315 -4,373 +6,962 176,953 Currency in circulation * 140,809 + 834 +8,431 141,547 Treasury cash holdings * 470 5 + 6 470 Treasury deposits with F.R. Banks 3,630 - 298 + 608 2,932 Foreign deposits with F.R. Banks 253 - 91 - 23 305 Other deposits with F.R. Banks 382 - 591 + 91 371 Required clearing balances 146 + 4 + 146 146 Other F.R. liabilities and capital 5,065 - 722 + 361 5,081 150,755 - 869 +9,620 150,852 Reserve balances with F.R. Banks 3/ 22,560 -3,505 -2,657 26,101 Total vault cash (estimated) ~~ 19,934 +1,023 1 +1,477 19,934 (a) Vault cash at institutions with required reserve balances 12,823 - 36 1 + 317 12,823 (b) Vault cash equal to required reserves at other institutions 3,033 + 866 1 +1,764 3,033 (c) Surplus vault cash at other institutions4 4,078 + 193 - 604 4,078 Reserve balances + total vault cash3'5 42,501 -2,482 -1,279 46,042 Reserve balances + total vault cash used to satisfy reserve requirements5, 6 38,423 -2,675 j - 675 41,964 RReeqquuiirreedd rreesseerrvveess 38,169 -2,393 ! - 699 ! 38,169 EExxcceessss rreesseerrvvee bbaallaanncceess aatt FF..RR.. BBaannkkss55,, 7^4 - 2fl2 1 + ?& 1 1,79*1 On March 10, 1982 marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official an idnternational accounts were $ N/A million, a decrease of $ N/A million for the week. 1 Net of $ 4,324 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $1,444 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. Government securities. 2 Net of $ 4,958 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 11802 million was with foreign official and international accounts. Includes $80 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 vau lctash 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 vau lctash used to satisfy reserve requirements less required reserves. (This measure of excess reserve sis comparable to the old excess reserve concept published historically.) Vault cash and required reserves are partially estimated. * 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 March 10, 1982 March 3 1982 March 11, 1981 ASSETS Gold certificate account 11,150 66 SSppeecciiaall DDrraawwiinngg RRiigghhttss cceerrttiiff.. aacccctt.. 3,568 — + 11,,005500 CCooiinn 448 + 11 . 34 Loans 3,650 . 970 + 3,081 Acceptances- Held under repurchase aggreements 353 + 122 + 353 Federal agency abligations— Bought outright Held under repurchase agreements 1 9,0 2 1 5 3 2 + 11 1 7 3 + 2 2 5 8 2 0 U.S. government securities: Bought outright-Bills 42,853 - 4,450 + 2,170 Notes Bonds 60,359 -- + 1,989 TToottaall bboouugghhtt oouuttrriigghhtt 22 18,090 -- ++ 872 HHeelldd uunnddeerr rreeppuurrcchhaassee aaggrreeeemmeennttss 11 112211,,330022 - 44,,445500 ++ 5,031 TT TT oo oo tt tt aa aa ll ll ll UU oo .. aa SS nn .. ss gg aa oo nn vv dd ee rr ss nn ee mm ccuu eenn rriitt tt ii ee ss ss ee ccuurriittiieess 1 11 3 22 22 7 44 ,, , ,, 4 88 11 0 33 44 9 99 11 •4 - - 4 33 11 , ,, ,, 0 11 22 77 2 77 11 3 99 + + 1 2 7 1 . , , 8 8 8 3 3 7 6 9 0 CCaasshh iitteemmss iinn pprroocceessss ooff ccoolllleeccttiioonn (2,259 ) 7,909 2,230 1,635 Bank premises 507 — 1 + 46 Other assets 3 8,436 + 40 1,127 TOTAL ASSETS (2,259 ) 169,427 - 6,203 + 10,130 LIABILITIES Federal Reserve notes 128,748 + 1,001 + 8,249 Deposits: DDeeppoossiittoorryy iinnssttiittuuttiioonnss 26,247 _ 5,074 -f. 1 257 UU..SS.. TTrreeaassuurryy——ggeenneerraall aaccccoouunntt 2,932 662 + 287 FFoorreeiiggnn——ooffffiicciiaall aaccccoouunnttss 305 + 57 + 74 OOtthheerr 371 + 4 + 54 TToottaall ddeeppoossiittss O DDee th ffee e rr r rr ee li dd a b aa i vv lit aa i ii e llaa s bb a iill n iitt d yy a cc c aa c ss r hh u e iitt d ee mm di ss v idends 4 (2,259 ) 2 5 2 9 , , , 7 2 8 1 5 4 0 5 3 — 5 1 , ,5 6 8 7 1 6 5 6 + + 1,6 3 3 7 0 5 2 4 0 TOTAL LIABILITIES (2,259 ) 166,556 - 6,276 + 9,967 CAPITAL ACCOUNTS Capital paid in 1,294 + 2 + 68 Surplus 1,278 + 75 Other capital accounts 299 + 71 + 20 * 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 $4,958 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $80 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 $48 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 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 1 Wee< ly changes Holdings | Weekly changes Within 15 days 3,571 353 8,399 + 1,796 252 + 4 16 days to 90 days 79 .. 19,517 . 4,886 598 1 91 days to 1 year -- — 33,407 . 190 1,505 + 137 Over 1 year to 5 years — -.«. 35,916 „. 5,408 + 10 Over 5 years to 10 years -- .. 10,193 -- 999777111 Over 10 years -- 1166,,770099 ++•• 11 555333111 41 Total 3,650 335533~~"" 112244,,114411 33,,227799 999,,,222666555 + 104 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 10, 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 1,247 436 1,171 450 189 534 628 983 Special Drawing Rights certif. acct. 3,568 189 1,072 143 243 326 85 528 123 40 180 234 405 Coin 448 28 27 23 41 52 49 27 30 18 35 36 82 Loans 3,650 39 1,860 120 103 102 2 374 70 139 84 48 709 Acceptances held under repurchase agreements 353 -- 353 -- -- — — -- — -- -- -- — Federal agency obligations: Bought outright 9,013 384 2,624 322 654 720 286 1,376 334 135 412 564 1,202 Held under repurchase agreements 1 252 -- 252 -- -- -- -- -- -- -- .- -- -- U.S. government securities: Bought outright-Bills 42,853 1,824 12,476 1,534 3,111 3,422 1,362 6,541 1,588 641 1,960 2,681 5,713 Notes 60,359 2,569 17,572 2,160 4,382 4,818 1,918 9,215 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 2 121,302 5,163 35,314 4,341 8,806 9,684 3,855 18,518 4,496 1,815 5,548 7,589 16,173 Held under repurchase agreements 1 2,839 -- 2,839 -- -- -- -- -- -- — -- -- Total U.S. government securities 124,141 5,163 38,153 4,341 8,806 9,684 3,855 18,518 4,4% 1.815 5,548 7,589 16,173 Total loans and securities 137,409 5,586 43,242 4,783 9,563 10,506 4,143 20,268 4,900 2,089 6,044 8,201 18,084 Cash items in process of collection 10,168 349 1,119 280 297 1,930 1,519 1,029 493 422 1,256 967 507 Bank premises 507 98 23 51 27 102 34 18 14 28 22 15 75 Other assets 3 8,436 251 2,488 337 575 475 527 1,170 251 261 366 530 1,205 Interdistrict settlement account -0- -1- 437 +1.937 - 11 -1,037 + 754 -1,319 -1,118 -1,044 - 505 + 640 4 948 + 318 TOTAL ASSETS ^ 171,686 ' 7.955 53.067 6,137 10.514 15.392 5,474 23,093 _________ 2.542 9,077 11,559 21,659 ~ 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 $ 4,958 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 80 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 $48 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 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 128,748 6,843 39,357 5,104 8,767 12,211 2,541 19,090 4,044 1,438 6,564 8,582 14,207 Deposits: Depository Institutions 26,247 677 8,231 628 1,132 979 1,478 2,684 624 564 998 1,946 6,306 U.S. Treasury —general account 2,932 2,932 Foreign—official accounts 305 5 156 8 15 10 15 28 6 7 9 13 33 Other 371 1 279 1 33 1 50 1 1 2 1 1 Total deposits 29,855 683 11,598 636 1,148 1,022 1,494 2,762 631 572 1,009 1,960 6,340 Deferred availability cash items 8,002 259 717 200 227 1,834 1,139 510 379 397 1,277 693 370 Other liabilities and accrued dividends 1 2,210 91 665 78 157 170 95 327 77 35 99 134 282 TOTAL LIABILITIES 168,815 7,876 52,337 6,018 10,299 15,237 5,269 22,689 5,131 2,442 8,949 11,369 21,199 CAPITAL ACCOUNTS Capital paid in 1,294 34 322 55 97 66 98 181 38 48 58 86 211 Surplus 1,278 33 319 53 96 66 97 180 37 47 57 84 209 Other capital accounts 299 12 89 11 22 23 10 43 11 5 13 20 40 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 171,686 7,955 53,067 6,137 10,514 15,392 5,474 23,093 5,217 2,542 9,077 11,559 21,659 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 151,250 8,183 43,934 7,561 9,625 13,458 5,050 21,141 5,531 1,847 7,952 10,416 16,552 Less-Held by F.R. Banks 22,502 1,340 4,577 2,457 858 1,247 2,509 2,051 1,487 409 1,388 1,834 2,345 F.R. Notes, Net 128,748 6,843 39,357 5,104 8,767 12,211 2,541 19,090 4,044 1,438 6,564 8,582 14,207 Collateral held against F.R. notes : Gold certificate account 11,150 1,017 3,159 531 805 1,247 436 1,171 450 189 534 628 983 Special Drawing Rights certif. acct. 3,568 189 1,072 143 243 326 85 528 123 40 180 234 405 Other Eligible Assets 325 90 235 U.S. govt, and agency securities 113.705 5,547 35.126 4.430 7,719 10.403 2,020 17.391 3.471 1.209 5.850 7.720 12.819 Total collateral 128,748 6,843 39,357 5,104 8,767 12,211 2,541 19,090 4,044 1,438 6,564 ___ 8.582 14.207 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