H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERATRESERVE ••y^mf:-- Factors Affecting Reserves of Depository Institutions and Condition Statement of F.R. Banks H.4 1. For immediate release April 2, 1982 Average s of daily figures i millions of doll; ITS) RReesseerrvveess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss,, WWeeeekk eennddeedd Change from week ended WWeeddnneessddaayy RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss MMaarrcchh 3311,, Hir^irzzr: i AApprriill 11,, MMaarrcchh 3311,, 1982 1982 11998811 1982 Reserve Bank credit: 1 2 U.S. government securities- Bought outright-system account 124,198 - 1,185 + 5,817 123,992 Held under repurchase agreements 228 + 228 + 63 1,597 Federal agency obligations- Bought outright 9,013 -- + 283 9,013 Held under repurchase agreements 12 + 12 j - 11 82 Acceptances- Bought outright -- -- -- -- Meld under repurchase agreements 70 + 70 - 73 488 L oans to depository institutions 1,653 - 1 + 189 2,646 Includes: seasonal borrowing of 200 + 27 1 - 20 193 extended credit of 324 + 13 + 324 324 Float 1 2,066 - 30 - 482 1,882 Other F.R. assets 9,172 | 4- 59 - 1,126 9,029 Total Reserve Bank credit 146,411 - 848 + 4,658 148,729 Gold stock 11,150 "" - 5 11,150 Special Drawing Rights certificate account 3,568 -- + 750 3,568 Treasury currency outstanding 13,729 + 2_J + 154 13,734 174,858 - 846 + " 5,557 177,181 Currency in circulation* 140,908 - 150 + 7,885 141,682 Treasury cash holdings* 475 "' -• 8 475 Treasury deposits with F.R. Banks 3,097 - 232 + 210 2,866 Foreign deposits with F.R. Banks 284 - 2 - 50 421 Other deposits with F.R. Banks 416 _ 32 + 94 425 Required clearing balances 167 + 7 + 167 167 Othsr F.R. liabilities and capital | 5,134 1_ ±._ 84 + 302 4,355 , 150,480 326 + 8,599 150,991 - 1- Reserve balances with F.R. Banks 3/ 24,378 521 3,043 I 26,190 Totai vault cash 18,573 + 926 + 1,350 18,573 (a) Vault cash at institutions with required reserve balances 12,722 + 533 + 1,061 12,722 (b) Vault cash equal to required reserves at other institutions 2,198 + 161 + 992 2,198 (c) Surplus vauit cash at other institutions4 3,653 + 232 - 703 3,653 Reserve balances + total vault cash3*5 42,954 + 405 " 1,690 44,766 Reserve balances + total vault cash used to satisfy reserve requirements5' 6 39,301 + 173 |- 987 1 41,113 Required reserves 38,846 " 19 - 909 38,846 Excess reserve balances at F.R. Banks * 1 455 1 + 192 !^_ 78 2,267 On March 31, 1982, , marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter national accounts were $ 92,825 million, a decrease of $ 725 million for the week. 1 Net of $ 2,253 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $2,253 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. Government securities. 2 Net of $ 2,458 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $2,458 million was with foreign official and international accounts. Includes $ 269 million securities loaned-fully secured by U.S. Government securities. 3 Exciude 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 rese-ve requirements iess 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 U) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS Millions of dollars Change since WWeeddnneessddaayy Wednesday Wednesday ••** MMaarrcchh 3311,, 11998822 March 24, 1982 April 1, 1981 ASSETS Goid certificate account 11,150 4 Special Drawing Rights certif. acct. 3,568 + 750 Coin 432 16 35 Loam. 2,646 + 869 + 888 Acceptaiice:.— He:d under repurchase aggreements 488 <*38 297 Federal agency abligations— Bough L outright 9,013 ... -t- 291 He.d under repurchase agreements 1 82 + 32 + 52 U.S. government securities: Bought outright—Bills 45,543 _ 1,415 -u 3,598 Notes 60,359 — + 1,989 Bonds 1188,,009900 — 872 Total bought outright 2 112233,,999922 - 1,415 + " 6,459 held under repurchase agreements 1 11,,559977 11,,559977 + 1,380 Total U.S. government securities 112255,,558899 ++ nnrr + " "77B39' Totas loans and securities 137,818 + 1,621 + 0,367 Cash items in process of collection (2,263) 7,989 - 792 1,555 Bank premises 510 + 3 + 45 Other assets 3 8,519 - 172 - 1.3 17 TOTAL ASSETS (2,263) 169,986 Jh 644 + 7,251 LIABILITIES Federal Reserve notes 128,855 458 7,802 Deposits: Depository institutions 26,357 - 944 - 1,170 U.S. Treasury-gen era I account 2,866 + 458 + 561 Foreign-official accounts 421 + 119 + 101 Other" ( 4) 425 + 25 + 18 Total deposits ( 4) 30,069 - 342 - 4W Deferred availability cash items (2,259) 6,107 + 414 - 402 Other liabilities and accrued dividends 4 2,155 + 173 + 212 TOTAL LIABILITIES (2,263) 167,186 + 703 + 7,122 CAPITAL ACCOUNTS Capital paid in 1,298 + 2 + 71 Surplus 1,278 -- + 75 Other capital accounts 224 . 61 - 17 * Figures In parentheses are the eliminations made in the consolidating process. 1 Does not include U.S. goverament 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 $2,458 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 269 million securities loaned—fully secured by U.S. government securities. 3 Includes asa«t& denominated in foreign currencies, revalued monthly at market exchange rates. Includes special investment account at Chicago of $64 million in Treasury Bills maturing within 90 days. 4 Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange comiDit!7:-<:nts . MATURITY DISTRIBUTION OF LOANS AND SECURITIES, March 31, 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 obiigat on; LLooaannss AAcccceeppttaanncceess Holdings | Weekly changes Holdings | Weekly changes Within 15 days 2,552 488 3,889 - 2,056 326 + 152 16 days to 90 days 94 -- 25,506 + 591 400 - 70 91 days to 1 year- -- -- 33,389 + 1,659 1,460 .- Over I year to 5 years -- -- 35,903 13 5,444 + 36 Over 5 years to 10 years -- -- 10,193 — 934 - 36 Over 10 years -- ... 1166,,770099 ++ 11 553311 -- Total 2,646 488 112255..558899 ++ 118822 99,,009955 + 82 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 31, 1982 Millions of dollars Total Boston New York Philadelphia Cleveland Richmond j 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 11,150 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 432 31 27 22 39 52 43 24 28 18 37 33 78 '.oans 2,646 306 668 275 85 330 55 478 52 126 90 44 137 Acceptances held under repurchase agreements 488 — 488 -- -- -- -- -- -- -- "- •" •" 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 82 -- 82 -- .._ -- -- -- -- -- -- -- -• U.S. government securities: Bought outright-Bills 45,543 1,939 13,259 1,630 3,307 3,636 1,447 6,952 1,688 681 2,082 2,850 6,072 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,*12 Total bought outright 2 123,992 5,278 36,097 4,437 9,002 9,898 3,940 18,929 4,596 1,855 5,670 7,758 16,532 Held under repurchase agreements 1 1,597 -- 1.597 -- __ -- -- -- -- -- -- -- ""_. Total U.S. government securities ~ 125,589 5^278 37,694 4,437 9,002 9,898 3,940 18,929 4,596 1,855_ 5,670 7,758 _16-A-5.32_ Total loans and securities 137,818 5,968 41,556 5,034 9,741 10,948 4,281 20,783 4,982 2,116 6,172 8,366 17,871 Cash items in process of collection 10,252 313 1,092 319 450 2,180 1,635 1,147 481 372 983 947 333 Bank premises 510 98 23 51 27 103 34 18 14 27 23 15 7 7 Other assets 3 8,519 255 2,487 329 574 482 519 1,202 251 237 449 505 1,2>9 Interdistrict settlement account • -0- - 30 + 2,483 - 292 -1,258 + 698 - 837 - 1,165 -1,162 - 440 + 804 + 956 + 24 3 TOTAL ASSETS 172.249 7,841 51,899 6,137 10,621 16,036 6,196 23,708 5,167 2,559 9,182 11,684 21,219 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 $ 2,458 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 269 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 $64 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 31, 1982 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dai his AA.. Francisco LIABILITIES Federal Reserve notes 128,855 6,713 39,482 5,094 8,714 12,255 2,659 19,042 3,962 1,470 6,732 8,619 14,113 Deposits: Depository Institutions 26,357 675 7,036 648 1,106 1,332 1,762 3,348 615 565 1,233 1,917 6,120 U.S. Treasury -general account 2,800 2,800 Foreign-official accounts 421 7 222 11 20 14 20 37 B 10 12 17 43 Other 429 1 318 1 30 3 69 1 2 ] 3 Total deposits 30,073 683 10,442 659 1,127 1,376 1,785 3,454 624 575 1 ,247 1 ,935 6,H.-! Deferred availability cash items 8,366 273 772 182 387 2,077 1,431 482 416 381 973 807 !.-:• Other liabilities and accrued dividends 1 2.155 95 493 86 185 178 118 338 82 36 106 13? 294 TOTAL LIABILITIES 169,449 7,764 51,194 6,021 10,413 15,886 5,993 23,316 5,084 2,462 9,058 11,500 20,7v< CAPITAL ACCOUNTS Capital paid in 1,298 34 323 55 97 66 99 181 38 48 59 F. 6 2) 1 Surplus 1,278 33 319 53 96 66 97 180 37 47 57 8-'. Other capital accounts 224 10 63 8 15 18 7 31 8 2 8 TOT/:_ LIABILITIES AND CAPITAL ACCOUNTS 172,249 7,841 51,899 6,137 10,621 16,036 6,196 23,708 5,167 2,559 9,18? 11 ,68-, 21 ? : • ..__.. FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 152,039 8,082 44,490 7,600 9,566 13,505 5,221 20,972 5,455 1,873 8,099 10,307 Less-Held by F.R. Banks 23,184 1,369 5,008 2,506 852 1,250 2,562 1,930 1,493 403 1,36/ F.R. Notes, Not 128,855 6,713 39,482 5,094 8,714 12,255 2,659 19,042 3,902 1,470 6,73: ?;, 61•' Collateral held against F.R. notes : Gold certificate account 11,150 1,017 3,159 531 805 1,247 436 1,171 450 189 5 34 621* •>i. i Special Drawing Rights certif. acct. 3,568 189 1,072 143 243 326 85 528 123 40 180 2 34 Other Eligible Asset* 64 64 U.S. govt, and agency securitisc 35.251 4,420 7,000 *. , 1 JO 17,343 3,35; 1,241 6,01c .LJ57 Total collateral 128.855 G.713 39.482 5.094 8.714 12.255 2.659 19,042 3,962 1.470 6r73^ -L..MV- _i-.an-. 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