H.4.1 Factors Affecting Reserve Balances of Depository Institutions

OfGOw •. FEDERAL RESERVE Factors Affecting Reserves of Depository Institutions and Condition Statement of F.R. Banks H.4.1. For immediate release March 26, 1982 Averages of daily figures (millions of dollars) RReesseerrvveess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss,, WWeeeekk eennddeedd Change from week ended !! WWeeddnneessddaayy RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss MMaarrcchh 2244,, March 17, March 25, MMaarrcchh 2244,, 11998822** IQft? 1QR1 11QQ8822 ** Reserve Bank credit: 1 2 U.S. government securities- Bought outright-system account 125,383 + 752 + 6,868 125,407 Held under repurchase agreements 443 152 Federal agency obligations- Bought outright 9,013 + 280 9,013 Held under repurchase agreements 15 60 Acceptances- Bought outright Held under repurchase agreements 55 38 Loans to depository institutions 1,654 i + 190 + 784 1,777 Includes: seasonal borrowing of 173 14 27 i 179 extended credit of 311 + 10 + 311 325 Float 2,101 52 795 3,189 Other F.R. assets 9.112 j + 103 1,111 9,189 Total Reserve Bank credit 147,263 i + 481 + 5,776 148,575 Gold stock 11,150 ! 5 11,150 Special Drawing Rights certificate account 3,568 + 836 3,568 Treasury currency outstanding 13.727 + 7 i + 234 13,728 175,708 + 488 ; + 6,841 177,021 Currency in circulation** 141,071 252 I + 8,441 141,291 Treasury cash holdings** 475 + 1 2 475 Treasury deposits with F.R. Banks 3,329 + 255 + 87 2,408 Foreign deposits with F.R. Banks ! 286 1 + 14 302 Other deposits with F.R. Banks 448 40 + 120 400 Required clearing balances 160 + 5 ! + 160 160 Other F.R. liabilities and capital i 5,051 1 39 i + 332 ! 4.844 150,819 73 + 9,152 149,880 Reserve balances with F.R. Banks 3 1 24,890 1 + 562 1 - 2,310 1 27,141 Total vault cash 17,647 1,164 + 1,079 17,647 (a) Vault cash at institutions with required reserve balances 12,189 440 + 999 12,189 (b) Vault cash equal to required reserves at other institutions 2,037 250 + 841 ! 2,037 (c) Surplus vault cash at other institutions4 3,421 474 761 3,421 Reserve balances + total vault cash3*5 42,540 605 1,228 44,791 Reserve balances + total vault cash used to satisfy reserve requirements5' 6 39,119 131 467 41,370 Required reserves 38,865 48 661 38,865 Excess reserve balances at F.R. Banks5, 7 254 83 [ + 194 On March 24, 1982 , marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign officia alnd inter national accounts were $ 93,550 million, an increase of $871 million for the week. 1 Net of $1,058 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 1,058million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. Government securities. 2 Net of $1,044 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 1,044 million was with foreign official and international accounts. Includes $ 121 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 $ 3 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 (San Francisco District). ••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 24. 1982 March 17. 1982 March 25. 1981 ASSETS Gold certificate account 11,150 5 Special Drawing Rights certif. acct. 3,568 — + 750 Coin 448 1 26 Loans 1,777 - 182 -1,452 Acceptances- Held under repurchase aggreements - 143 - 267 Federal agency abligations- x Bought outright 9,013 + 280 Held under repurchase agreements 1 — - 21 - 418 U.S. government securities: Bought outright—Bills 46,958 - 919 +4,005 Notes 60,359 — +1,989 Bonds 1188,,009900 — + 872 Total bought outright 2 112255,,440077 - 919 +6,866 Held under repurchase agreements 1 — -- 661133 -1,065 Total U.S. government securities 125,407 --11,,553322 +5,801 Total loans and securities 136,197 -1,878 +3,944 Cash items in process of collection ( 2,309) 9,278 - 733 + 665 Bank premises 507 — + 41 Other assets 3 8,682 + 31 -1,199 TOTAL ASSETS ( 2,309) 169,830 -1,581 +4,170 LIABILITIES Federal Reserve notes 128,486 - 287 +8,007 Deposits: Depository Institutions 27,301 + 282 -4,118 U.S. Treasury—general account 2,408 -1,764 - 201 Foreign—official accounts 302 + 83 + 58 Other 400 - 126 + 31 Total deposits 30,411 -1,525 -4,230 Deferred availability cash items ( 2,309) 6,089 - 663 + 219 Other liabilities and accrued dividends 4 1,984 - 86 + 25 TOTAL LIABILITIES ( 2,309) 166,970 -2,561 +4,021 CAPITAL ACCOUNTS Capital paid in 1,295 1 + 68 Surplus 1,278 — + 75 Other capital accounts 287 19 + 6 * Figures in parentheses are the eliminations made in the consolidating process. ** Estimated (San Francisco District). 1 Does not include U.S. government and federal agency securities resold under matched sale-purchase transactions to for eign official and international accounts, of which $985 million was outstanding at the end of the latest statement week 2 6?oi°f.?^°44 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $121 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 invest ment account at Chicago of $67 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 24, 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 1,691 — 5,945 -2,254 174 -20 16 days to 90 days 86 — 24,915 +2,098 470 91 days to 1 year — — 31,730 -1,375 1,460 Over 1 year to 5 years — — 35,916 5,408 Over 5 years to 10 years — — 10,193 970 - 1 Over 10 years — 1166,,770088 11 553311 Total 1,777 ••^^55 112255,,440077 --11,,553322 99,,001133 ^2l 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 24, 1982 Millions of dollars Kansas San * Boston j New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco J_ ASSETS Gold certificate account 11,150 3,159 531 805 1,247 436 1,171 450 189 534 628 983 Special Drawing Rights certif. acct. 3,568 1,072 143 243 326 85 528 123 40 180 234 405 Coin 448 30 29 22 40 53 44 26 29 19 37 35 64 Loans 1,777 58 325 187 291 186 23 158 88 118 112 210 21 Acceptances held under repurchase agreements 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 U.S. government securities: Bought outright—Bills 46.958 1,999 13,671 1,681 3,410 3,749 1,492 7,168 1,740 702 2,147 2,938 6,261 Notes 60,359 f 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 j 770 5,266 647 1,313 1,444 575 2,762 671 271 827 1,132 2,412 Total bought outright 2 5,338 36,509 4,488 9,105 10,011 3,985 19,145 4,648 1,876 5,735 7,846 16,721 Held under repurchase agreements 1 Total U.S. government securities 125,407 5JJA13A 36,509 4,488 9,105 10,011 3,985 19,145 4,648 1,876 5,735 7,846 16,721 Total loans and securities 136,197 ! 39,458 4,997 10,050 10,917 4,294 20,679 5,070 2,129 6,259 8,620 17,944 Cash items in process of collection 11,587 j 1,024 318 408 2,135 2,351 1,064 513 399 1,098 1,051 890 Bank premises 50 7 I 98 23 27 102 34 18 14 27 23 15 75 Other assets 3 8,682 1 264 2,556 331 594 500 558 1,228 259 243 378 524 1,247 Interdistrict settlement account -0- ! _+41_711__ 254 -1,526 + 373 -1,910 -1,488 -1,299 - 462 + 678 + 724 + 358 TOTAL ASSETS 172,139 37. 037 10.641 15,653 5,892 23,226 5,159 "T,'58ZT 9,T87 11,831 21,986 1 Does not include U.S. government and federal agency securities resold under matched safe-purchase transactions to foreign official and international accounts, of which $ 985 million was outstanding at the end of the latest statement week. 2 Net of $ 1,044 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 121 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 $67 million in Treasury Bills maturing within 90 days. * Estimated (San Francisco District). 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 24, 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 128,486 6,691 39,366 5,095 8,668 12,168 2,661 18,954 3,934 1,459 6,708 8,614 14,168 Deposits: Depository Institutions 27,301 654 7,924 626 1,328 1,088 1,751 2,971 656 617 1,246 2,099 6,341 U.S. Treasury —general account 2,408 2,408 Foreign-official accounts 302 c 153 8 15 10 15 28 6 7 9 13 33 Other 400 293 30 2 69 1 1 2 1 1 Total deposits 30,411 659 10,778 634 1,343 1,128 1,768 3,068 663 625 1,257 2,113 6,375 Deferred availability cash items 8,398 284 733 209 260 2,034 1,160 476 398 366 996 781 701 Other liabilities and accrued dividends * 1.984 91 434 81 156 168 103 325 78 35 97 134 282 TOTAL LIABILITIES 169,279 7,725 51,311 6,019 10,427 15,498 5,692 22,823 5,073 2,485 9,058 11,642 21,526 CAPITAL ACCOUNTS Capital paid in 1,295 34 322 55 97 66 98 181 38 48 59 86 211 Surplus 1,278 33 319 53 96 66 97 180 37 47 57 84 209 Other capital accounts 287 12 85 12 21 23 5 42 11 4 13 19 40 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 172,139 7?804 52,037 6,139 10,641 15,653 5,892 23,226 5,159 2,584 9,187 11,831 21,986 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 151,839 8,110 44,279 7,611 9,574 13,433 5,275 20,958 5,464 1,852 8,135 10,362 16,786 Less-Held by F.R. Banks 23,353 1,419 4,913 2,516 906 1,265 2,614 2,004 1.530 393 1.427 1.748 2,61b F.R. Notes, Net 128,486 6,691 39,366 5,095 8,668 12,168 2,661 18,954 3,934 1,459 6,708 8,614 14,168 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 1,072 143 243 126 85 528 123 40 180 234 405 Other Eligible Assets U.S. govt, and agency securities 113,768 5,485 35,135 4,421 7,620 10,595 2,140 17,255 3,361 1.230 5.994 7.752 12,780 Total collateral 128.486 6.691 39,366 5,095 8,668 12,168 2,661 18,954 3,934 1.459 6.708 8,614 14.168 __ 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. * Estimated (San Francisco District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis