H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Reserves of Depository Institutions and '°fKn&?y Condition Statement of F.R. Banks H.4.1. For immediate release April 23, 1982 1 Averages of daily figur es (millions of dollars) RReesseerrvveess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss,, Week ended Change from week ended WWeeddnneessddaayy RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss April 21, April 14, ~~~ April 22, AApprriill 2211,, ! 1982 1982 1981 1982 Reserve Bank credit: 1 |2 U.S. government securities- Bought outright-system account 128,109 + 2,517 + 7,268 127,949 Held under repurchase agreements 1,327 + 1,327 - 374 ' 2,666 Federal agency obligations- Bought outright 9,008 - 3 + 288 9,008 Held under repurchase agreements 109 + 109 - 10 220 Acceptances- Bought outright -- -- -- -- Held under repurchase agreements 209 + 209 + 53 128 Loans to depository institutions 1,659 + 322 + 795 3,043 Includes: seasonal borrowing of 159 + 5 + 10 174 extended credit of 248 + 14 + 248 246 Float 2,339 - 1,199 - 1,179 2,955 Other F.R. assets 9,342 + 120 - 941 9,519 Total Reserve Bank credit 152,102 + 3,403 + 5,900 155,488 Gold stock 11,150 -- - 4 11,150 Special Drawing Rights certificate account 3,639 + 71 + 821 3,818 Treasury currency outstanding 13,750 + 13 + 226 j 13,751 180,641 + 3,487 + 6,943 ] 184,207 Currency in circulation* 143,477 - 226 + 8,432 143,345 Treasury cash holdings* 490 -- - 10 490 Treasury deposits with F.R. Banks 4,258 + 632 + 289 7,031 Foreign deposits with F.R. Banks 247 - 60 - 146 224 Other deposits with F.R. Banks 380 - 55 + 60 486 Required clearing balances 174 + 3 + 174 174 Other F.R. liabilities and capital 5,261 + 188 ! + 364 5,211 154,287 + 482 1 + 9,164 156,961 Reserve balances with F.R. Banks 3 26,354 ] 4- 3,005 - 2,221 27,246 Total vault cash 17,269 - 1,928 + 1,031 17,269 (a) Vault cash at institutions with required reserve balances 11,982 - 1,042 1 + 977 11,982 (b) Vault cash equal to required reserves at other institutions 2,034 ! - 303 i + 727 2,034 (c) Surplus vault cash at other institutions4 3,253 | - 583 - 673 3,253 Reserve balances + total vault cash3*5 43,626 + 1,077 | - 1,187 44,518 Reserve balances + total vault cash used to satisfy reserve requirements ' 40,373 + 1,660 - 514 41,265 Required reserves 40,250 + 1,861 I - 568 40,250 Excess reserve balances at F.R. Banks5, 7 ] 123 1 - 201 + 54 1 1,015 On April 21, 1982 , marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter national accounts were $ 91,167 million, a decrease of $ 593 million for the week. 1 Net of $1,578 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 1,578 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. Government securities. 2 Net'of $1,994 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 1,994 million was with foreign official and international accounts. Includes $ 470 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 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 Wednesday Wednesday April 21, 1982 April 14, 1982 April 22, 1981 ASSETS Gold certificate account 11,150 4 Special Drawing Rights certif. acct. 3,818 f 250 +1,000 Coin 402 11 27 Loans 3,043 -1,401 +1,737 Acceptances- 128 + 128 - 318 Held under repurchase aggreements Federal agency abligations— 9,008 — + 288 Bought outright 220 + 220 - 212 Held under repurchase agreements 1 U.S. government securities: 49,470 +4,088 +5,429 Bought outright—Bills 60,389 + 30 +1,271 Notes 1188,,009900 — + 784 Bonds 112277,,994499 +4,118 +7,484 Total bought outright 2 2,666 +2,666 -3,037 Held under repurchase agreements 1 130,615 +6,784 +4,447 Total U.S. government securities 143,014 +5,731 +5,942 Total loans and securities ( 2,658) 10,025 + 434 - 282 Cash items in process of collection 512 + 1 + 44 Bank premises 9,007 + 214 -1,015 Other assets 3 ( 2,658) 177,928 +6,619 +5,658 TOTAL ASSETS LIABILITIES Federal Reserve notes 130,486 893 +8,009 Deposits: Depository institutions 27,420 +2,658 -6 ,537 U.S. Treasury—general account 7,031 +4,122 +3 ,942 Foreign—official accounts 224 15 - 95 Other 486 + 113 + 170 Total deposits 35,161 +6,878 -2 ,520 Deferred availability cash items ' 2,658 ) 7,070 + 369 - 77 Other liabilities and accrued dividends 4 2,306 + 253 + 54 TOTAL LIABILITIES ' 2,658 ) 175,023 +6,607 +5,466 CAPITAL ACCOUNTS Capital paid in 1,305 -- + 73 Surplus 1,278 — + 75 Other capital accounts 322 + 12 + 44 * 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 state ment week. 2 Net of $1,994 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $470 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 $68 million in Treasury Bills maturing within 90 days. i Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign ex change commitments. MATURITY DISTRIBUTION OF LOANS AND SECURITIES , APRIL 21, 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 3,023 128 7,477 +2,874 362 +291 16 days to 90 days 20 — 27,431 +3,382 444 - 69 91 days to 1 year — — 32,887 + 513 1,612 + 8 Over 1 year to 5 years — — 35,918 + 14 5,365 + 4 Over 5 years to 10 years — — 10,193 — 911 - 17 Over 10 years ~ — 16,709 + 1 534 + 3 Total 3,043 128 130,615 +6,784 9,228 +220 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 21, 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. 3,818 199 1,104 186 250 337 133 534 140 50 200 256 429 Coin 402 30 26 17 37 46 40 21 26 20 38 29 72 Loans 3,043 53 1,162 281 31 70 102 829 79 95 104 197 40 Acceptances held under repurchase agreements 128 -- 128 -- -- -- -- -- -- -- -- -- -- Federal agency obligations: # Bought outright 9,008 383 2,623 322 654 719 286 1,375 334 135 412 564 1,201 Held under repurchase agreements 1 220 -- 220 -- -- -- — — -- -- -- -- -- U.S. government securities: Bought outright—Bills 49,470 2,105 14,402 1,771 3,592 3,950 1,572 7,552 1,833 740 2,263 3,095 6,595 Notes 60,389 2,571 17,581 2,161 4,384 4,821 1,919 9,219 2,238 903 2,762 3,778 8,052 Bonds 18,090 770 5,266 647 1,313 1,444 575 2,762 671 271 827 1,132 2,412 Total bought outright 2 127,949 5,446 37,249 4,579 9,289 10,215 4,066 19,533 4,742 1,914 5,852 8,005 17,059 Held under repurchase agreements 1 2,666 -- 2,666 -- -- -- -- -- -- -- -- -- __ Total U.S. government securities 130,615 5,446 39,915 4,579 9,289 10,215 4,066 19,533 4,742 1,914 5,852 8,005 " 17,059 Total loans and securities 143,014 5,882 44,048 5,182 9,974 11,004 4,454 21,737 5,155 2,144 6,368 8,766 18,300 Cash items in process of collection 12,683 448 1,253 592 625 2,529 1,528 1,143 599 464 1,266 938 1,298 Bank premises 512 98 23 52 27 104 34 18 14 27 23 15 77 Other assets 3 9,007 292 2,658 336 605 516 536 1,303 268 244 387 541 1,321 Interdistrict settlement account -0- 1 +4,888 - 552 •1.307 + 207 - 917 -2,028 -1,354 - 535 + 703 + 932 36 TOTAL ASSETS 180,586 7,965 57,159 6,344 11,016 15,990 6,244 23,899 5,298 2,603 9,519 12,105 22,444 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 $ 1,994 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $470 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 $68 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 April 21, 1982 Millions of dollars 1 Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis 1 Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 130,486 6,854 40,156 5,196 8,640 12,244 2,842 19,172 3,917 1,505 6,913 8,745 14,302 Deposits: Depository Institutions 27,420 536 7,334 537 1,533 1,084 1,939 3,291 699 511 1,259 2,285 6,412 U.S. Treasury —general account 7,031 -- 7,031 -- -- -- -- -- -- -- -- -- -- Foreign—official accounts 224 5 76 8 15 10 15 28 6 7 9 13 32 Other 486 1 378 -- -- 28 2 70 2 1 2 1 1 Total deposits 35,161 542 14,819 545 1,548 1,122 1,956 3,389 707 519 1,270 2,299 6,445 Deferred availability cash items 9,728 394 831 392 449 2,291 1,085 588 505 441 1,103 729 920 Other liabilities and accured dividends 1 2,306 95 619 90 163 176 145 343 82 38 102 141 312 TOTAL LIABILITIES 177,681 7,885 56,425 6,223 10,800 15,833 6,028 23,492 5,211 2,503 9,388 11,914 21 979 CAPITAL ACCOUNTS Capital paid in 1,305 34 323 55 97 67 104 181 38 48 59 86 213 Surplus 1,278 33 319 53 96 66 97 180 37 47 57 84 209 Other capital accounts 322_ 13 92 13 23 24 15 46 12 5 15 21 43 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 180,586 7,965 57,159 6,344 11,016 15,990 6,244 23,899 5,298 2,603 9,519 12,105 22,444 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 152,675 7,988 44,603 7,789 9,501 13,728 5,426 21,004 5,396 1,854 8,236 10,418 16,732 Less-Held by F.R. Banks 22,189 1,134 4,447 2,593 861 1,484 2,584 1,832 1,479 349 1.323 1,673 2,430 F.R. Notes, Net 130,486 6,854 40,156 5,196 8,640 12,244 2,842 19,172 3,917 1,505 6,913 8,745 14,302 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. 3,818 199 1,104 186 250 337 133 534 140 50 200 256 429 Other Eligible Assets -- -- -- -- -- -- -- -- -- -- -- -- U.S. govt, and agency securities 115,518 5,638 35,893 4,479 7,585 10,660 2,273 17,467 3,327 1,266 6,179 7,861 12,890 Total collateral 103,486 6,854 40.156 5.196 8.640 12,244 2,842 19,172 3,917 1,505 6,913 ft 7A5 14,30? 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