H.4.1 Factors Affecting Reserve Balances of Depository Institutions

\oiS9yt FEDERAL RESERVE Factors Affecting Reserves of Depository Institutions and 4LRE Condition Statement of F.R. Banks H.4.1. For immediate release April 9, 1982 [ Averages of daily figures (millions of dollars) RReesseerrvveess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss,, 11 WWeeeekk eennddeedd I Change from week ended 1 Wednesday RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss AApprriill 77,, Marcn jl, April B, April 7, 11998822 1982 1981 1982 Reserve Bank credit: 1 2 U.S. government securities- Bought outright-system account 123,755 443 + 5,359 1 120,426 Held under repurchase agreements 867 i + 639 + 867 Federal agency obligations- Bought outright 9,013 -f- 291 9,013 Held under repurchase agreements 25 + 13 + 25 Acceptances- Bought outright Held under repurchase agreements 172 + 102 + 172 ] Loans to depository institutions 1,479 174 + 592 2,291 Includes: seasonal borrowing of 166 34 + 4 151 extended credit of 279 45 + 279 233 Float 3,027 + 972 + 82 7,399 Other F.R. assets 9.128 44 972 9,457 Total Reserve Bank credit 147,465 + 1,065 + 6,415 148,586 Gold stock 11,150 4 11,150 Special Drawing Rights certificate account 3,568 + 750 3,568 Treasury currency outstanding 13.734 + 5 + 222 13,734 175,917 + 1,070 j + 7,383 1 177,038 Currency in circulation* 142,053 + 1,151 + 8,148 143,355 Treasury cash holdings* 488 + 7 4 490 Treasury deposits with F.R. Banks 3,938 + 841 + 1,075 4,934 Foreign deposits with F.R. Banks 243 41 86 197 Other deposits with F.R. Banks 471 + 55 + 216 392 Required clearing balances 168 + 1 + 168 168 Other F.R. liabilities and capital 5,219 + 85 + 365 152,579 + 2,099 + 9,881 154,409 Reserve balances with F.R. Banks2/ 23,337 1,030 2,499 1 22,629 Total vault cash (estimated) 18,856 + 283 + 1,314 18,856 (a) Vault cash at institutions with required reserve balances 12,868 + 146 + 927 12,868 (b) Vault cash equal to required reserves at other institutions 2,287 + 89 + 1,002 2,287 (c) Surplus vault cash at other institutions4 3,701 + 48 615 3,701 Reserve balances + total vault cash3*5 42,196 747 1,182 | 41,488 Reserve balances + total vault cash used to satisfy reserve requirements5' 6 38,495 795 567 1 37,787 Required reserves 38,169 677 756 ! 38,169 Excess reserve balances at F.R. Banks5 ,7 326 118 + 189 1&L„ On April 7, 1982 , marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter national accounts were $ 92,832 million, an increase of $ 7 million for the week. 1 Net of $2,854 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 1,872 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. Government securities. 2 Net'of $6,475 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 1,650 million was with foreign official and international accounts. Includes $ 219 million securities loaned-fully secured by U.S. Government securities. Exclude required clearing balances. Total vault cash at institutions without required reserve balances less vault cash equal to their required reserves. Adjusted to include $ 3 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19,1975. 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.) 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 ** April 7, 1982 March 31, 1982 April 8, 1981 ASSETS Gold certificate account 1111,,115500 Special Drawing Rights certif. acct. 4 33,,556688 + Coin 441188 - 14 750 Loans 42 22,,229911 355 Acceptances- 1,824 Held under repurchase aggreements — - 488 -- Federal agency abligations— Bought outright 99,,001133 Held under repurchase agreements 1 .... + 291 U.S. government securities: 82 ~~ Bought outright-Bills Notes 41,977 - 3,566 - 1,930 Bonds 60,359 .... + 1,989 Total bought outright 2 1188,,009900 .... + 872 Held under repurchase agreements 1 112200,,442266 ** 3,566 + 931 TToottaall UU..SS.. ggoovveerrnnmmeenntt sseeccuurriittiieess ~"" 11,,559977 TToottaall llooaannss aanndd sseeccuurriittiieess 120,426 ZZ 55,,1166**33 + 931 Cash items in process of collection 113311,,773300 6,088 + 3,046 Bank premises (2,086) 1144,,119922 + 6,203 + 3,995 Other assets 3 551100 + 44 TOTAL ASSETS 8,947 + 428 682 (2,086> 170,515 + 529 _+ 7J07_ LIABILITIES Federal Reserve notes 130,529 + 1,674 + 8,255 Deposits: Depository institutions 22,797 _ 3,560 444,,,444222000 U.S. Treasury-gen era I account 4,934 + 2,068 + 222,,,555222888 Foreign-official accounts 197 224 999555 Other ( 3) 392 33 + 111000888 Total deposits ( 3) 28,320 1,749 111 888777999 Deferred availability cash items (2,083) 6,793 + 686 4. 662277 Other liabilities and accrued dividends 4 2,001 154 5544 TOTAL LIABILITIES (2,086) 167,643" + 457 + 66,,994499 CAPITAL ACCOUNTS Capital paid in 1,299 + 1 + 70 Surplus 1,278 ...» + 75 Other capital accounts 295 + 71 + 13 * 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 $6,475 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $219 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 $60 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, April 7, 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 Loans Acceptances Holdings | Weekly'changes Holdings | Weekly changes Within 15 days 2,137 , 201 - 1,688 85 241 16 days to 90 days 154 23,075 - 2,431 520 + 120 91 days to 1 year 32,345 - 1,044 1,465 + 5 Over 1 year to 5 years 35,903 5,483 + 39 Over 5 years to 10 years 10,133 929 5 Over 10 years 16,709 531 Total 2,291 120, ^?6" 5,163 9,013 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 April 7, 1982 Millions of dollars Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis K C an it s y a s Dallas Fra S n a ci n s co ASSETS H» 150 1,017 3, 159 531 705 1, 467 436 1, 051 450 189 534 628 983 Gold certificate account 3 568 189 1, 072 143 243 326 85 528 123 40 180 234 405 Special Draw ng Rights certif. acct. CCooiinn 418 30 28 20 38 50 41 23 27 19 36 31 75 LLooaannss 2, 291 48 589 103 2 138 8 796 52 100 106 176 173 Acceptances held under repurchase „ agreements Fed B e o r u a g l h a t g e o n u c tr y ig o h b t l igations: 9 013 384 2, 624 322 654 720 286 1 376 334 135 412 564 1,202 Held under repurchase agreements 1 -* "• ~~ ~~ U.S B . o g u o g v h e t r n o m ut e r n ig t h se t- c B u i r l i l t s ie s: 41 977 1,787 12, 221 1,503 3,048 3 ,352 1,334 6 407 1,555 627 1,920 2,627 5,5% 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 r7.62. 671 271 827 1.132 2,412L_ Total bought outright 2 120 ,426 5,126 35 ,059 4,310 8,743 9 ,614 3,827 18 ,384 4,463 1,801 5,508 7,535 16,056 Held under repurchase agreements 1 -- -- -- -- -- -- -- -- ~" ~~ "** Total U.S. government securities 120.426 5,126 35 ,059 4.310 8,743 9 T614 3,827 18 ,384 4,463 1,801 . __5i50fiL 7,535 16,056 Total loans and securities 131 ,730 5,558 38 ,272 4,735 9,399 10 ,472 4,121 20 ,556 4,849 2,036 6,026 8,275 17,431 CCaasshh iitteemmss iinn pprroocceessss ooff ccoolllleeccttiioonn ! 16 ,278 | 756 3 ,602 694 820 1 ,537 1,940 2 ,125 819 489 1,288 1,436 772 BBaannkk pprreemmiisseess 510 98 23 51 27 103 34 18 14 27 23 15 77 8 ,947 296 2 ,718 342 601 515 522 1 ,228 258 241 385 517 1,324 mmtteerrddiissttrriicctt sseettttlleemmeenntt aaccccoouunntt -0- - 411 +5 ,487 - 50 -1,256 +1 r320 -1,732 -1 ,769 -1,372 - 525 + 598 + 667 - 957 TTOOTTAALL AASSSSEETTSS 172 ,601 7,533 54 ,361 6,466 10,577 15 ,790 5,447 23 ,760 5,168 2,516 9,070 11,803 20,110 1 Does not include US. government and federal agency securities resold under matched sale-purchase transactions to foreign official and international accounts, of which $ ~°~ million was outstanding at the end of the latest statement week. 2 Net of $6,475 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 219 million securities loaned-fully secured by J.S. government securities. 3 Imkdes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes special investment account at Chicago of $60 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 Apr 117, 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 130,529 6,802 40,015 5,306 8,790 12,366 2,781 19,293 3,977 1,496 6,817 8,683 14,203 Deposits: Depository Institutions 22,797 378 6,878 644 1,095 1,043 1,320 2,813 528 477 1,011 1,968 4,642 U.S. Treasury -general account 4,934 4,934 Foreign—official accounts 197 5 49 8 15 10 15 28 6 7 9 13 32 Other 395 2 292 1 30 3 63 1 1 1 1 Total deposits 28,323 385 12,153 652 1,111 1,083 1,338 2,904 534 485 1,021 1,982 4,675 Deferred availability cash items 8,876 174 1,040 310 305 2,016 1,041 826 492 400 1,003 813 456 Other liabilities and accured dividends * 2.001 92 418 78 156 169 82 331 79 35 99 134 328 TOTAL LIABILITIES 169,729 7,453 53,626 6,346 10,362 15,634 5,Z4Z 23,354 5,082 Z,41b 8,940 11,612 19,662 CAPITAL ACCOUNTS Capital paid in 1,299 34 323 55 97 67 98 181 38 48 59 87 2D2 Surplus 1,278 33 319 53 96 66 97 180 37 47 57 84 209 Other capital accounts 295 13 93 12 22 23 10 45 11 5 14 20 27 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 172,601 7,533 54,361 6,466 10,577 15,790 5,447 23,760 5,168 2,516 9,070 11,803 20,110 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 152,104 8,062 44,633 7,597 9,578 13,504 5,160 21,054 5,439 1,861 8,138 10,330 16,748 ess-Held by F.R. Banks 21,575 1,260 4,618 2,291 788 1,138 2,379 1,761 1,462 365 1,321 1,647 2,545 F.R. Notes, Net 130,529 6,802 40,015 5,306 8,790 12,366 2,781 19,293 3,977 1,496 6,817 8,683 14,203 Collateral held against F.R. notes* Gold certificate account 11,150 1,017 3,159 531 705 1,467 436 1,051 450 189 534 628 983 Special Drawing Rights certif. acct. 3,568 189 1,072 143 243 , 326 85 528 123 40 180 234 405 Other Eligible Assets 515 93 239 183 U.S. govt, and agency securities 115.296 5.503 35.784 4.632 7.842 10.334 2.260 17.714 3.404 1.267 5.920 7.821 12.815 Total collateral 130.529 6.802 40,015 5,306 8.790 12.366 2.781 19.293 3.977 1.496 6.817 8.683 14,203 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