H.4.1 Factors Affecting Reserve Balances of Depository Institutions

;Qfco^ FEDERAL RESERVE Factors Affecting Reserves of Depository Institutions and ••f^LRt?: Condition Statement of F.R. Banks H.4.1. For immediate release May 7, 1982 Averages of daily figures (millions of dollars) Reserves of depository institutions, 11 WWeeeekk eennddeedd 1 Change from week ended 1 Wednesday Reserve Bank credit, and related items MMaayy 55,, [ April 28, 1 May b, 1 May 5, 1982 1982 1981 1982 Reserve Bank credit: M 2 U.S. government securities- Bought outright-system account 129,080 + 1,025 + 9,009 129,232 Held under repurchase agreements 3,559 + 3,244 + 3,037 "" Federal agency obligations- Bought outright 9,008 .« + 288 9,008 Held under repurchase agreements 646 + 596 + 566 -- Acceptances- Bought outright Held under repurchase agreements 498 + 471 + 409 — — Loans to depository institutions 1,500 - 322 - 970 1,251 Includes: seasonal borrowing of 205 + 28 + 7 ! 201 extended credit of 214 - 13 + 214 202 Float 2,131 + 106 - 410 2,973 Other F.R. assets 10,029 + 495 - 520 9,744 Total Reserve Bank credit 156,451 + 5,614 4- 11,410 152,208 Gold stock 11,149 - 1 - 5 11,149 Special Drawing Rights certificate account 3,818 -- + 1,000 3,818 Treasury currency outstanding 13,756 + 4 + 146 13.756 185,174 + 5,617 + 12,551 180,*31 Currency in circulation* 143,425 + 594 + 8,642 144,251 Treasury cash holdings* 493 + 3 - 17 i 495 Treasury deposits with F.R. Banks 9,773 + 4,985 + 5,598 4,354 Foreign deposits with F.R. Banks 583 + 328 + 283 283 Other deposits with F.R. Banks 523 + 36 + 170 510 Required clearing balances 176 + 1 I + 176 176 Other F.R. liabilities and capital 5,320 + 223 j + 792 5,146 160,493 + 6,171 + 15,644 155,215 Reserve balances with F.R. Banks 3 24,682 1 - 553 - 3,091 25,716 Total vault cash 19,525 1 + 829 + 1,495 19,525 (a) Vault cash at institutions with required reserve balances 13,557 + 560 + 1,212 13,557 (b) Vault cash equal to required reserves at other institutions 2,325 + 140 + 909 2,325 (c) Surplus vault cash at other institutions4 3,643 + 129 - 626 3,643 Reserve balances + total vault cash3'5 44,210 + 276 - 1,593 45,244 Re r s e e q rv u e i r b e a m la e n n c t e s s 5 , + 6 total vault cash used to satisfy reserve 40,567 + 147 _ 967 41,601 40,111 -- - 1,065 40,111 Required reserves Excess reserve balances at F.R. Banks5' 7 456 + 147 + 98 1,490 On May 5, 1982 t marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter national accounts were $ 91,410 million, an increase of $635 million for the week. 1 Net of $2,274 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $2,274 million was with foreign official and international accounts. Includes securities loanei-fully secured by U.S. Government securities. 2 Net of $1,983 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 1,983 million was with foreign official and international accounts. Includes $ 149 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 ««** WWeeddnneessddaayy Wednesday Wednesday May 5, 1982 April 28, 1982 May 6,1981 ASSETS Gold certificate account 11,149 1 5 Special Drawing Rights certif. acct. 3,818 -- 4-1,000 Coin 396 7 7 Loans 1,251 - 4,929 - 737 Acceptances- Held under repurchase aggreements -- - 192 -- Federal agency abligations— Bought outright 9,008 — + 288 Held under repurchase agreements 1 -- - 348 ,. U.S. government securities: Bought outright—Bills 49,948 + 261 +5,585 Notes 61,143 + 754 +2,025 Bonds 18.141 +_-51 + «5 Total bought outright 2 129,232 +1,066 +8,445 Held under repurchase agreements 1 -- --22,,220055 -- Total U.S. government securities 129.232 --11..113399 +8.445 Total loans and securities 139,491 -6,608 +7,996 Cash items in process of collection ( 2,303) 9,102 - 325 -1,040 Bank premises 514 1 + 45 Other assets 3 9,230 + 13 - 877 TOTAL ASSETS ( 2,303) 173.700 -$.929 +7,114 LIABILITIES Federal Reserve notes 131,386 + 886 +8,396 Deposits: Depository institutions 25,892 - 781 -3,034 U.S. Treasury-gen era I account 4,354 -6,515 +1,213 Foreign—official accounts 283 + 19 29 Other 510 + 26 + 233 Total deposits 31,039 -7,251 -1,617 Deferred availability cash items ( 2,303) 6,129 - 428 - 256 Other liabilities and accrued dividends 4 2,149 - 225 + 275 TOTAL LIABILITIES ( 2,303) 170,703 -7,018 +6,798 CAPITAL ACCOUNTS Capital paid in 1,307 1 + 71 Surplus 1,278 -- + 75 Other capital accounts 412 + 90 + 168 * 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 $ 1,983million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 149 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 May 5, 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 1,104 -- 8,036 +1,585 0 - 433 16 days to 90 days 147 -- 24,162 -3,024 593 + 128 91 days to 1 year -- -- 33,335 - 580 1,549 - 43 Over 1 year to 5 years -- -- 36,665 + 747 5,413 -- Over 5 years to 10 years -. -- 10,274 + 82 919 -- Over 10 years -- -- 1166,,776600 ++ 5511 553344 -- Total 1,251 -- 112299,,223322 --11,,113399 99,,000088 - 348 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 May 5, 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 11,149 570 3,213 554 744 967 402 1,576 418 154 575 743 1,233 Special Drawing Rights certif. acct. 3,818 199 1,104 186 250 337 133 534 140 50 200 256 429 Coin 396 30 21 16 37 48 42 21 23 19 37 28 74 Loans 1,251 48 135 198 58 161 40 248 79 82 72 78 52 Acceptances held under repurchase agreements Federal agency obligations: Bought outright 9,008 416 2,834 300 594 764 229 1,278 303 114 426 611 1,139 Held under repurchase agreements 1 U.S. government securities: Bought outright—Bills 49,948 2 ,308 15,712 1,665 3,297 4,238 1,271 7,088 1,681 629 2,360 3,385 6,314 Notes 61,143 2 ,825 19,233 2,038 4,035 5,188 1,556 8,678 2,059 770 2,888 4,145 7,728 Bonds 18.141 838 5,706 604 1,197 1,539 462 2,575 611 229 857 1.230 2,293 Total bought outright 2 129,232 5 ,971 40,651 4,307 8,529 10,965 3,289 18,341 4,351 1,628 6,105 8,760 16,335 Held under repurchase agreements 1 Total U.S. government securities 129,232 5 ,971 40,651 4.307 8,529 10,965 3.289 18,341 4,351 1.628 6.105 8,760 16.335 Total loans and securities 139,491 6 ,435 43,620 4,805 9,181 11,890 3,558 19,867 4,733 1,824 6,603 9,449 17,526 Cash items in process of collection 11,405 359 1,234 413 580 2,379 1,522 1,151 550 530 1,174 841 672 Bank premises 514 98 23 51 27 104 34 18 14 27 23 15 80 Other assets 3 9,230 302 2,812 354 617 561 529 1,287 271 248 408 575 1,266 Interdistrict settlement account -0- + 8 + 3,732 202 592 - 394 - 417 - 1.011 - 1.113 166 + 553 164 234 TOTAL ASSETS .L7S..QQ3 8_. 001 55.759 $.177 10.844 1^.822 - 5.8Q3 23,443 5,036 ?.fififi 9,573 11,743 91 t OLfi 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 $ 1,983 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 149 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. 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 May 5, 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 131,386 6,866 40,770 5,281 8,677 12,290 2,789 19,333 3,877 1,525 6,985 8,787 14,206 Deposits: Depository Institutions 25,892 644 7,992 461 1,507 959 1,623 2,740 550 606 1,263 1,938 5,609 U.S. Treasury -general account 4,354 4,354 Foreign—official accounts 283 5 132 8 15 11 15 28 6 8 9 13 33 Other 510 1 409 1 25 2 66 1 2 2 1 Total deposits 31,039 650 12,887 469 1,523 995 1,640 2,834 557 614 1,274 1,953 5,643 Deferred availability cash items 8,432 299 768 220 272 2,252 1,079 534 440 413 1,074 649 432 Other liabilities and accrued dividends 1 2,149 104 560 84 151 194 74 326 76 32 106 152 290 TOTAL LIABILITIES 173,006 7,919 54,985 6,054 10,623 15,731 5,582 23,027 4,950 2,584 9,439 11,541 20,571 CAPITAL ACCOUNTS Capital paid in 1,307 34 322 55 98 67 104 181 38 48 59 88 213 Surplus 1,278 33 319 53 96 66 97 180 37 47 57 84 209 Other capital accounts 412 15 133 15 27 28 20 55 11 7 18 30 53 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 176,003 8,001 55,759 6,177 10,844 15,892 5,803 23,443 5,036 2,686 9,573 11,743 21,046 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 152,768 7,963 44,745 7,940 9,524 13,664 5,195 21,012 5,433 1,868 8,287 10,436 16,701 Less - Held by F.R. Banks 21,382 1,097 3,975 2.659 847 1,374 2,406 1.679 1.556 343 1,302 1,649 2,495 F.R. Notes, Net 131,386 6,866 40,770 5,281 8,677 12,290 2,789 19,333 3,877 1,525 6,985 8,787 14,206 Collateral held against F.R. notes : Gold certificate account 11,149 570 3,213 554 744 967 402 1,576 418 154 575 743 1,233 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. qovt. and agency securities 116,419 6,097 36.453 4.541 7,683 10,986 2.254 17,223 3.319 1.321 6.210 7.788 12.544 Total collateral 1 131.386 6.866 40,770 5.281 8.677 12.290 2.789 i.9.m_._ -...2.S77_._. -U525 . 6.985 _ 6,787 14,206 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