H.4.1 Factors Affecting Reserve Balances of Depository Institutions

lofGOl^ FEDERAL RESERVE ??^Lm?. Factors Affecting Reserves of Depository Institutions and Condition Statement of F.R. Banks H.4.1. For immediate release; March 19, 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 17, March 10, MarcTTTbT March 17, TQft? 1Q82 1981 1982 Reserve Bank credit: 1 r2 U.S. government securities- Bought outright—system account 124,631 + 2,564 4- 5,920 126,326 Held under repurchase agreements 443 + 37 4- 443 613 Federal agency obligations- Bought outright 9,013 - 11 4- 280 9,013 Held under repurchase agreements 15 - 21 + 15 21 Acceptances- Bought outright _- -- ... — Held under repurchase agreements 55 4- 5 4- 55 143 ; Loans to depository institutions 1,464 4- 17 4- 691 1,959 Includes: seasonal borrowing of 187 4- 36 - 6 158 extended credit of 301 - 5 4- 301 299 Float 2,031 - 1,096 - 1,317 3,259 Other F.R. assets 9.009 4- 215 - 1.068 9.158 Total Reserve Bank credit 146,660 4- 1,709 + 5,018 150,492 Gold stock 11,150 -- - 6 11,150 Special Drawing Rights certificate account 3,568 -- 4- 921 3,568 Treasury currency outstanding 13.720 4- 3 4- 231 13,723 175,098 4- 1,712 4- 6,165 178,933 Currency in circulation * 141,323 4- 514 + 8,558 141,572 Treasury cash holdings * 474 4- 4 4- 2 475 Treasury deposits with F.R. Banks 3,074 - 556 - 57 4,172 Foreign deposits with F.R. Banks 287 + 34 - 104 219 Other deposits with F.R. Banks 488 4- 106 4- 136 526 Required clearing balances 155 + 9 4- 155 155 Other F.R. liabilities and capital 5,090 4- 25 4- 316 4,950 150,892 + 137 4- 9,007 152,069 Reserve balances with F.R. Banks 3 24,206 1 4- 1,575 - 2,842 26,864 Total vault cash 18,811 - 1,123 4- 1,604 18,811 (a) Vault cash at institutions with required reserve balances 12,629 - 194 4- 1,049 12,629 (b) Vault cash equal to required reserves at other institutions 2,287 - 746 + 1,098 2,287 (c) Surplus vault cash at other institutions4 3,895 - 183 - 543 3,895 Reserve balances + total vault cash3'5 43,023 4- 451 - 1,232 45,681 Reserve balances + total vault cash used to satisfy reserve requirements5' 6 39,128 + 634 - 689 41,786 Required reserves 38,913 4- 744 - 672 38,913 Excess reserve balances at F.R. Banks5, 7 215 - 110 - 17 2,873 On March 17, 1982 , marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter national accounts were $ 92, 679 million, a decrease of $ 2,585 million for the week. 1 Net of $ 1,455 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 1,455 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. Government securities. 2 Net of $ 26 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 26 million was with foreign official and international accounts. Includes $ 206 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 $ 6 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 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 March 17, 1982 March 10, 1982 March 18, 1981 ASSETS Gold certificate account 11,150 — - 6 Special Drawing Rights certif. acct. 3,568 — + 900 Coin 449 + 1 - 31 Loans 1,959 -1,691 + 47 Acceptances- 143 210 143 Held under repurchase aggreements Federal agency abligations- 9,013 — + 280 Bought outright 21 - 231 + 21 Held under repurchase agreements 1 U.S. government securities: 47,877 +5,024 +3,904 Bought outright-Bills 60,359 — +1,989 Notes 18,090 - — + 872 Bonds 126,326 +5,024 +6,765 Total bought outright 2 613 -2,226 + 613 Held under repurchase agreements 1 126,939 +2,798 +7,378 Total U.S. government securities 138,075 + 666 +7,869 Total loans and securities ( 2,614) 10,011 +2,102 + 118 Cash items in process of collection 507 — + 43 Bank premises 8,651 + 215 -1,120 Other assets 3 ( 2,614) 172,411 +2,984 +7,773 TOTAL ASSETS LIABILITIES Federal Reserve notes 128,773 25 +8,314 Deposits: Depository institutions 27,019 + 772 -2,485 U.S. Treasury—general account 4,172 +1,240 +1,314 Foreign—official accounts 219 - 86 42 Other 526 + 155 + 134 Total deposits 31 ,936 +2,081 -1,079 Deferred availability cash items ( 2,614) 6 ,752 +1,009 + 209 Other liabilities and accrued dividends 4 2 070 - 140 + 164 TOTAL LIABILITIES ( 2,614) 169,531 +2,975 +7,608 CAPITAL ACCOUNTS Capital paid in 1,296 +2 + 69 Surplus 1,278 — + 75 Other capital accounts 306 + 7 + 21 * 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 $1,539 million was outstanding at the end of the latest statement week. 2 Net of $26 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $206 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 $62 million in Treasury Bills maturing within 9 0days. 4 Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, MARCH 17, 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 1,939 143 8,199 - 200 194 - 58 16 days to 90 days 20 — 22,817 +3,300 470 -128 91 days to 1 year — — 33,105 - 302 1,460 - 45 Over 1 year to 5 years 35,916 5,408 Over 5 years to 10 years 10,193 971 Over 10 years — 1166,,770099 — 553311 Total 1,959 114433 112266,,993399 +2,798 99,,003344 -231 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 17, 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 449 29 28 23 40 51 47 27 30 19 35 36 84 Loans 1,959 117 150 277 270 111 12 275 67 124 116 189 251 Acceptances heid under repurchase agreements 143 -- 143 -- -- -- -- -- -- -- -- -- -- 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 21 -- 21 -- -- — -- -- — — -- -- — U.S. government securities: Bought outright—Bills 47,877 2,038 13,939 1,714 3,476 3,823 1,521 7,308 1,774 716 2,190 2,995 6,383 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 2 126,326 5,377 36,777 4,521 9,171 10,085 4,014 19,285 4,682 1,890 5,778 7,903 16,843 Held under repurchase agreements 1 613 -- 613 -- -- — -- — -- -- -- -- -- Total U.S. government securities 126,939 5,377 37,390 4,521 9,171 10,085 4,014 19,285 4,682 1,890 5,778 7,903 16,843 Total loans and securities 138,075 5,878 40,328 5,120 10,095 10,916 4,312 20,936 5,083 2,149 6,306 8,656 18,296 Cash items in process of collection 12,625 615 1,568 388 516 2,510 1,690 1,263 690 455 1,161 1,063 706 Bank premises 507 98 23 51 27 102 34 18 14 28 22 15 75 Other assets 3 8,651 255 2,544 389 597 488 525 1,212 258 242 373 518 1,250 Interdistrict settlement account -0- + 19 +5,902 - 582 -1,843 + 489 - 972 -2,225 -1,364 - 404 + 444 + 663 - 127 TOTAL ASSETS 175,025 8,100 54,624 6,063 10,480 16,129 6,157 22,930 5,284 2,718 9,055 11,813 21,672 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 $ 1,539 million was outstanding at the end of the latest statement week. 2 Net of $ 26 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 206 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 $62 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 17 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 128,773 6,724 39,383 5,092 8,681 12,194 2,739 18,965 3,999 1,453 6,681 8,626 14,236 Deposits: Depository Institutions 27,019 779 8,346 553 1,025 1,218 1,802 2,500 637 694 1,216 1,984 6,265 U.S. Treasury-general account 4,172 4,172 Foreign—official accounts 219 5 70 8 15 10 15 28 6 7 9 13 33 Other 526 1 419 1 32 2 65 1 1 2 I 1 Total deposits 31,936 785 13,007 561 1,041 1,260 1,819 2,593 644 702 1,227 1,998 6,299 Deferred availability cash items 9,366 420 981 207 387 2,350 1,299 640 478 428 919 863 394 Other liabilities and accrued dividends * 2,070 92 520 83 156 169 94 327 80 35 98 134 282 TOTAL LIABILITIES 172,145 8,021 53,891 5,943 10,265 15,973 5,951 22,525 5,201 2,618 8,925 11,621 21,211 CAPITAL ACCOUNTS Capital paid in 1,296 34 322 55 97 66 99 181 38 48 59 86 211 Surplus 1,278 33 319 53 96 66 97 180 37 47 57 84 209 Other capital accounts 306 12 92 12 22 24 10 44 8 5 14 22 41 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 175,025 8,100 54,624 6,063 10,480 16,129 6,157 22,930 5,284 2,718 9,055 11,813 21,672 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 151,587 8,124 44,110 7,622 9,531 13,455 5,301 20,923 5,485 1,848 8,079 10,405 16,704 Less-Held by F.R. Banks 22,814 1,400 4,727 2,530 850 1,261 2,562 1,958 1,486 395 1,398 1,779 2,468 F.R. Notes, Net 128,773 6,724 39,383 5,092 8,681 12,194 2,739 18,965 3,999 1,453 6,681 8,626 14,236 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 U.S. govt, and agency securities 114,055 5,518 35,152 4,418 7,633 10,621 2,218 17,266 3,426 1,224 5,967 7,764 12,848 Total collateral 128,773 6,724 39,383 5,092 8,681 12,194 2,739 18,965 3,999 1,453 6,681 8,626 14,236 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