H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Reserves of Depository Institutions and f^Rt^V Condition Statement of F.R. Banks H.4.1. For immediate release May 14, 1982 Averages of daily figures (millions of dollars) Reserves of depository institutions, Week ended Change iron, week ended Wednesday Reserve Bank credit, and related items May 12, "Hay T 9 \ Mar**, May 12, 1932 JLSB2. \m. Reserve Bank credit: U.S. government securities- Bought outright-system account 128,663 417 10,472 129,845 Held under repurchase agreements ,559 Federal agency obligations- Bought outright 9,008 288 9,008 Held under repurchase agreements 646 Acceptances- Bought outright Held under repurchase agreements 498 Loans to depository institutions 1,120 380 613 1,757 Includes: seasonal borrowing of 218 13 8 219 extended credit of 192 22 192 184 Float 2,164 34 2,164 2,702 Other F.R. assets 9.780 249 839 9.654 Total Reserve Bank credit 150,736 5,714 7,145 152,966 Gold stock 11,149 5 11,149 Special Drawing Rights certificate account 3,818 1,000 3,818 Treasury currency outstanding 13.756 217 13,756 179,459 5,714 8,357 181,689 Currency in circulation* 144,652 + 1.227 8,877 145,379 Treasury cash holdings* 495 + 2 19 495 Treasury deposits with F.R. Banks 4,694 5,079 1,395 3,051 Foreign deposits with F.R. Banks 317 266 238 111 Other deposits with F.R. Banks 476 47 205 541 Required clearing balances 181 5 181 181 Other F.R. fbhili'i^ an^ --ranit*I 5,257 263 546 3.042 156,072 4,421 10,946 154,916 Reserve balances with F.R. Banks 3/ 23,386 1,295 2,590 26,773 Total vault cash 19,603 78 952 19,603 (a) Vault cash at institutions with required reserve balances 13,372 185 640 13,372 (b) Vault cash equal to required reserves at other institutions 2,442 + 117 1,005 2,442 (c) Surplus vault cash at other institutions4 3,789 + 146 693 3,789 Reserve balances + total vault cash3*5 42,992 1,217 1,635 46,379 Reserve balances + total vault cash used to satisfy reserve requirements^' u 39,203 1,363 942 42,590 Required reserves 38,907 1,204 l W 1 Excess reserve balances at F.R. Banks5, ' 9 296 159 On May 12, 1982 , marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter national accounts were $ 90,529 million, a decrease of $ 881 million for the week. 1 Net of $ 1,853 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $1,853 million was with foreign official and international accounts. Includes securities loanei-fully secured by U.S. Government securities. 2 Net of $ 670 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 670 million was with foreign official and international accounts. Includes $ 203 million securities loaned-fuMy 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. Reserve balances with Federal Reserve Banks (which exclude required clearing balances) plus -.ault ca^h used to satisfy reserve requirements less required reserves. (This measure of excess reserves is comparable to the old excess reserve concep tp;j->!i$hed 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 12, 1982 May 5, 1982 May 13, 1981 ASSETS Gold certificate account 11,149 -- - 5 Special Drawing Rights certif. acct. 3,818 -- + 1,000 Coin 393 - 3 - 5 Loans 1,757 + 506 - 1,926 Acceptances- Held under repurchase aggreements _- -- .. Federal agency abligations— Bought outright 9,008 -- + 288 Held under repurchase agreements 1 -- -- -- U.S. government securities: Bought outright—Bills 50,561 + 613 +10,693 Notes 61,143 — +2,025 Bonds 18,141 -- + 835 Total bought outright 2 129,845 + 613 +13,553 Held under repurchase agreements 1 -. -- -- Total U.S. government securities 129,845 + 613 +13,553 Total loans and securities 140,610 +1,119 +11,915 Cash items in process of collection ( 2,232) 8,564 - 538 -1,509 Bank premises 515 -I- 1 + 46 Other assets 3 9.139 - 91 -1.333 TOTAL ASSETS ( 2,232) 174.188 + 488 +10.109 LIABILITIES Federal Feserve notes 132,511 +1,125 +8,854 Deposits Depository institutions 26,954 +1,062 +1,620 U.S. Treasury—general account 3,051 -1,303 - 641 Foreign—official accounts 227 - 56 - 59 Other 541 + 31 + 301 Total deposits 30,773 - 266 +1,221 Deferred availability cash items (2,232) 5,862 - 267 - 391 Other liabilities and accrued dividends 4 2,121 - 28 + 218 TOTAL LIABILITIES (2,232) 171,267 + 564 +9,902 CAPITAL ACCOUNTS Capital paid in 1,309 + 2 + 75 Surplus 1,278 -- + 75 Other capital accounts 334 - 78 + 57 * 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 $ 993 million was outstanding at the end of the latest statement week. 2 Net of $ 670 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 203 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 $ 56 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 12, 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 1,596 -- 8,903 + 867 140 + 140 16 days to 90 days 161 -- 23,869 - 293 499 - 94 91 days to 1 year "" -- 33,374 + 39 1,628 + 79 Over 1 year to 5 years -- -- 36,665 -. 5,288 - 125 Over 5 years to 10 years -- «... 10,274 .. 919 .. Over 10 years -- ——ff^^-- 1166,,776600 -- 55??44 .„ Total 1,757 112299,,884455 + 613 99,,000088 -- 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 Ma? 12» 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 393 30 20 15 37 47 43 21 24 19 37 27 73 Loans 1,757 36 786 119 48 200 43 112 45 90 115 89 74 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 50,561 2,336 15,905 1,686 3,337 4,291 1,287 7,175 1,702 637 2,388 3,426 6,391 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 2 129,845 5,999 40,844 4,328 8,569 11,018 3,305 18,428 4,372 1,636 6,133 8,801 16,412 Held under repurchase agreements 1 -- -- -- -- -- -- .- — -- -- -- -- -- Total U.S. government securities 129,845 5,999 40,844 4,328 8,569 11,018 3,305 18,428 4,372 1,636 6,133 8,801 16,412 Total loans and securities 140,610 6,451 44,464 4,747 9,211 11,982 3,577 19,818 4,720 1,840 6,674 9,501 17,625 Cash items in process of collection 10,796 342 1,246 294 494 2,266 1,459 1,214 494 404 1,128 991 464 Bank premises 515 98 24 51 27 104 34 18 14 27 23 15 80 Other assets 3 9,139 297 2,842 348 599 554 509 1,252 266 247 400 565 1,260 Interdistrict settlement account -0- + 18 +2,152 + 242 - 886 - 425 - 449 - 880 -1,028 - 62 + 490 - 74 + 902 TOTAL ASSETS 176,420 , 9.005 55.Q65 6,437 10.476 15.832 5.708 73.553 5,fttfi 2,679 9.527 12.024 22.066 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 $ 993 million was outstanding at the end of the latest statement week. 2 Net of $ 670 million matched sale-purchase transactions outstanding at the end of the latest statement week, includes $ 203 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 $56 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 12, 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 LIABILITIES Federal Reserve notes 132,511 6,919 41,200 5,316 8,761 12,325 2,805 19,489 3,921 1,544 7,042 8,861 14,328 Deposits: 26,954 605 8,247 711 964 959 1,617 2,729 568 602 1,159 2,151 6,642 Depository Institutions U.S. Treasury—general account 3,051 3,051 Foreign—official accounts 227 5 77 8 15 11 15 28 6 7 9 13 33 Other 541 1 450 23 2 59 1 1 2 1 1 Total deposits 30,773 611 11,825 719 979 993 1,634 2,816 575 610 1,170 2,165 6,676 Deferred availability cash items 8,094 293 738 199 371 2,161 973 527 390 394 1,078 651 319 Other liabilities and accrued 2,121 101 560 82 149 193 81 317 74 31 105 150 278 TOTAL LIABILITIES 173,499 7,924 54,323 6,316 10,260 15,672 5,493 23,149 4,960 2,579 9,395 11,827 21,601 CAPITAL ACCOUNTS Capital paid in 1,309 34 323 5b 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 334 14 100 12 22 27 14 43 13 5 16 25 43 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 176,420 8,005 55,065 6,437 10,476 15,832 5,708 23,553 5,048 2,679 9,527 12,024 22,066 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 152,760 7,938 44,909 7,920 9,560 13,693 5,112 20,980 5,416 1,866 8,289 10,430 16,647 Less-Held by F. R. Banks 20,249 1,019 3,709 2.604 799 1.368 2,307 1.491 1,495 322 1,247 1.569. 2,319 F.R. Notes, Net 132,511 6,919 41,200 5,316 8,761 12,325 2,805 19,489 3,921 1,544 ?,042 8,861 14,328 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. govt, and agency securities 117,544 6,150 36,883 4.576 7.767 11.021 2.270 17.379 3.363 1.340 6.267 7.862 12,666 Total collateral 132,511 6,919 41,200 5,316 8,761 12,325 2,805 19,489 3,921 1,544 7,042 8,861 14,328 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