H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Reserves of Depository Institutions and Condition Statement of F.R. Banks H.4.1. For immediate release May 21, 1982 Averages of daily figures (millions of dollars) Reserves of depository institutions, Week ended Change from week ended Wednesday Reserve Bank credit, and related items May 19, May ZO, May 19, —JL2S2* 1982 1981 1982 * Reserve Bank credit: U.S. government securities- Bought outright-system account 128,934 + 271 7,347 128,358 Held under repurchase agreements 793 + 793 793 2,933 Federal agency obligations- Bought outright 9,008 288 9,008 Held under repurchase agreements 89 89 89 417 Acceptances- Bought outright Held under repurchase agreements 233 + 233 233 944 Loans to depository institutions 963 157 991 1,058 Includes: seasonal borrowing of 232 + 14 39 243 extended credit of 179 13 179 171 Float ,723 425 1,337 2,131 Other F.R. assets 8 f 992 788 859 8.501 Total Reserve Bank credit 150,737 17 5,564 153,350 Gold stock 11,149 5 11,149 Special Drawing Rights certificate account 3,818 1,000 3,818 Treasury currency outstanding 13.756 213 13.756 179,460 + 17 6,772 182,073 Currency in circulation* * 144,893 241 9,151 145,059 Treasury cash holdings* * 495 14 495 Treasury deposits with F.R. Banks 3,122 1,572 3 3,697 Foreign deposits with F.R. Banks 259 58 15 241 Other deposits with F.R. Banks 500 24 224 507 Required clearing balances 186 5 186 186 Other F.R. liabilities and capital Z6S 3.096 154,659 1,413 9,800 155,281 Reserve balances with F.R. Banks 3 24,801 1,431 3,028 26,792 Total vault cash 18,557 1,046 1,853 18,557 (a) Vault cash at institutions with required reserve balances 12,620 752 1,242 12,620 (b) Vault cash equal to required reserves at other institutions 2,254 188 944 2,254 (c) Surplus vault cash at other institutions4 3,683 106 333 3,683 Reserve balances + total vault cash3'5 43,361 385 1,172 45,352 Reserve balances + total vault cash used to satisfy reserve requirements -5 ^ , 6 39,678 .+ 491 839 41,669 Required reserves 39,289 + 382 3 im Excess reserve balances at F.R. Banks5' 389 + 109 On May 19, 1982 , marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter national accounts were $ 91,892 million, an increase of $1,363 million for the week. 1 Net of $1,657 milHon, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 1,657 million was with foreign official and international accounts. Includes securities loanei-fully secured by U.S. Government securities. 2 Net of $2,472 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $2,472 million was with foreign official and international accounts. Includes $ 379 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 (San Francisco District). **Estimated (Treasury's Figures). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.41 (a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS Millions of dollars Change since #> WWeeddnneessddaayy**** wedr nesaay wmiimmiay MMaayy 1199,, 11998822 May 12, 1982 May 20, 1981 ASSETS Gold certificate account 11,149 — - 5 Special Drawing Rights certif. acct. 3,818 -- + 1,000 Coin 397 + 4 - 6 Loans 1,058 - 699 - 2,789 Acceptances- Held under repurchase aggreements 944 + 944 + 944 Federal agency abligations— Bought outright 9,008 — + 288 Held under repurchase agreements 1 417 + 417 + 417 U.S. government securities: Bought outright—Bills 49,074 - 1,487 + 3,259 Notes 61,143 -- + 2,325 Bonds 1188,,114411 — ++ 535 __ Total bought outright 2 112288,,335588 1,487 6,119 Held under repurchase agreements 1 2,933 + 2,933 + 2,933 Total U.S. government securities 131,291 + 1,446 f 9,052 Total loans and securities 142,718 + 2,108 + 7,912 Cash items in process of collection (2470 ) 7,692 - 872 - 1,955 Bank premises 516 + 1 + 47 Other assets 3 7,985 - 1,154 - 1,431 TOTAL ASSETS (2470 ) 174,275 + 87 + 5,562 LIABILITIES Federal Reserve notes 132,195 - 316 + 8,794 Deposits Depository Institutions 26,978 + 24 - 3,899 U.S. Treasury—general account 3,697 + 646 + 612 Foreign—official accounts 241 + 14 » 29 Other (10) 507 - 34 + 286 Total deposits (10) 31,423 + F5TJ •- TT03U Deferred availability cash items (2460 > 5,561 - 301 - 646 Other liabilities and accrued dividends 4 2,174 + 53 + 273 TOTAL LIABILITIES (2470 ) 171,353 + T5 + 5,391 CAPITAL ACCOUNTS Capital paid in 1,309 -- + 74 Surplus 1,278 -- + 75 Other capital accounts 335 + 1 + 22 * 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 6ale-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 $2,472 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 379 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 $ 55 million in Treasury Bills maturing within 90 days. 4 Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchang =. commitments. **Estimated (San Francisco District) MATURITY DISTRIBUTION OF LOANS AND SECURITIES, May 19, 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 1,043 944 7,638 1,265 616 476 16 days to 90 days 15 27,230 3,361 440 59 91 days to 1 year 31,156 2,218 1,628 Over 1 year to 5 years 37,790 1,125 5,288 Over 5 years to 10 years 10,717 443 919 Over 10 years -lfi,7fif) _i34 Total 1,058 944 131,291 + 1,446 9,425 417 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1{b) STATEMENT OF CONDITION OF EACH FEDERAL RESERV E BANK ON MAY 19, 1982 Millions of dollars Kansas San * Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco ASSETS J Gold certificate account U 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 397 31 21 14 37 48 44 20 24 19 37 28 74 Loans 1 058 61 87 153 15 75 13 159 74 163 159 54 45 Acceptances held under repurchase agreements 944 — 944 — — — — — .. .» _„ ... .„ 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 1 417 — 417 — — — — — — -- — .. U.S. government securities: Bought outright-Bills 49 ,074 2,267 15 ,437 1,636 3 ,239 4 ,164 1,249 6,964 1,651 619 2,319 3 ,326 6,203 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 __JL8;. 141 838 5,, 706 604 1^. 197 1^, 539 462 2,575 611 229 857 I ,230 2,293 Total bought outright 2 128 ,358 5,930 40 ,376 4,278 8 ,471 10 ,891 3,267 18,217 4,321 1,618 6,064 8 ,701 16,224 Held under repurchase agreements 1 2 ,933 -. 2 ,933 — — — — — — -- — Total U.S. government securities 131 ,291 5,930 43 ,309 4,278 8 .471 To,"8 91 3,267 18,217 4,321 1,618 6,064 8 r70T~" 16,224 Total loans and securities 142 ,718 6,407 47 ,591 4,731 9 ,080 n ,730 3,509 19,654 4,698 1,895 6,649 9 ,366 17,408 Cash items in process of collection 10 ,162 337 883 390 504 2 ,182 1,385 702 618 417 1,234 870 640 Bank premises 516 98 24 51 27 105 34 18 14 27 23 15 80 Other assets 3 7 ,985 228 2 ,555 291 506 434 463 1,141 219 250 392 468 1,038 interdistrict settlement account -0- + 127 - 656 + 221 - 623 + 92 1 - 292 -1,075 + 21 + 556 + 565 4-1,065 TOTAL ASSETS 176 ,745 7,997 54 ,735 6,438 10 ,525 15 ,895 5,969 23,353 5,056 2,833 9,666 12 ,311 21,967 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 $ 2,472 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 379 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 $ 55 million in Treasury Bills maturing within 90 days. • Estimated (San Francisco District). 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 19, 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 c n is co * LIABILITIES Federal Reserve notes 132,195 6,877 40,990 5,256 8,579 12,227 3,042 19,253 3,844 1,536 7,105 8,940 14,546 Deposits: Depository institutions 26,978 652 7,382 713 1,269 1,191 1,658 2,763 600 787 1,277 2,315 6,371 U.S. Treasury-general account 3,697 3,697 Foreign—official accounts 241 5 90 8 15 11 15 28 6 8 9 13 33 Other 517 1 420 22 2 58 1 2 10 1 Total deposits 31,433 658 11,589 721 1,284 1,224 1,675 2,849 607 795 1,288 2,338 6,405 Deferred availability cash items 8,021 282 769 260 300 2,101 959 532 447 372 1,040 689 270 Other liabilities and accrued dividends1 2.174 100 647 78 146 183 78 313 73 31 102 147 276 TTOOTTAALL LLIIAABBIILLIITTIIEESS 173,823 7,917 53,995 6,315 10,309 15,735 5,754 22,947 4,971 2,734 9,535 12,114 21,497 CCAAPPIITTAALL AACCCCOOUUNNTTSS CCaappiittaall ppaaiidd iinn 1,309 34 323 57 98 67 104 181 38 47 59 88 213 SSuurrpplluuss 1,278 33 319 53 96 66 97 180 37 47 57 84 209 OOtthheerr ccaappiittaall aaccccoouunnttss 335 13 98 13 22 27 14 45 10 5 15 25 48 TTOOTTAALL LLIIAABBIILLIITTIIEESS AANNDD CCAAPPIITTAALL AACCCCOOUUNNTTSS 176,745 7,997 54,735 6,438 10,525 15,895 5,969 23,353 5,056 2,833 9,666 12,311 21,967 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 152,894 7,967 44,736 7,889 9,424 13,657 5,449 20,819 5,379 1,866 8,357 10,544 16,807 Less-Held by F.R. Banks 20,699 1,090 3,746 2.633 845 1,430 2.407 1.566 1.535 330 1,252 1.604 2.261 F.R. notes, net 132,195 6,877 40.990 5:256 8,579 12,227 *-» »vn-r/.«o- 19,253 3,844 1,536 7,105 8,940 14,546 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 117,228 6,108 36,673 4.516 7,585 10,923 2,507 17,143 3,286 1,332 6,330 7.941 12,884 Total collateral 132,195 6,877 40,990 5,256 8,579 12,227 3,042 19,253 3,844 1,536 7,105 8,940 14,546 1 includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. •Estimated (San Francisco District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis