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 28, 1982 | Averages ofd aily figur es (millions of doll ars) RReesseerrvveess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss,, JJ WWeeeekk eennddeedd Cha nge from week ended 1 Wednesday RReesseerrvvee BBaannkk ccrreeddiitt,, aanndd rreellaatteedd iitteemmss MMaayy 2266,, —May 19 1 Mav 27. i nay zo, 1982 1982 1981 1982 Reserve Bank credit: |2 U.S. government securities- Bought outright-system account 128,784 - 150 + 8,672 128,765 Held under repurchase agreements 556 • 237 + 556 I """" Federal agency obligations— Bought outright 9,008 -- + 288 9,008 Held under repurchase agreements 76 - 13 + 76 "" Acceptances- Bought outright — — — — Held under repurchase agreements 231 - 2 + 231 — Loans to depository institutions 1,054 + 91 - 1,856 1 1,367 Includes: seasonal borrowing of 258 + 26 - 51 261 extended credit of 162 - 17 + 162 141 Float 1,890 + 113 - 469 1,648 Other F.R. assets 8,247 - 759 - 1,617 8,457 Total Reserve Bank credit 149,846 ~" 957 + 5,881 149,245 Gold stock 11,149 — - 5 11,149 Special Drawing Rights certificate account 3,818 — + 1,000 3,818 Treasury currency outstanding 13,757 + __ 1 + 206 13,761 178,570 - 956 + 7,083 177,973 Currency in circulation* 144,728 - 161 + 8,770 145,493 Treasury cash holdings* 495 J — - 11 495 Treasury deposits with F.R. Banks 3,023 - 99 + 193 ! 2,969 Foreign deposits with F.R. Banks 260 j + 1 + 2 272 Other deposits with F.R. Banks 501 + 1 + 260 545 Required clearing balances 189 ; + 3 + 189 189 Other F R liabilities and capital 5,319 + 116 + 435 5,118 154,514 140 + 9,837 1 155,081 _ Reserve balanceswith F.R. Banks 3 24,056 — 816 2,754 ' 22~,893 Total vault cash 18,468 _ 89 + 846 18,468 (a) Vault cash at institutions with required reserve balances 12,740 + 120 + 775 12,740 (b) Vault cash equal to required reserves at other institutions 2,176 _ 78 + 757 2,176 (c) Surplus vault cash at other institutions4 3,552 - 131 - 686 i 3,552 Reserve balances + total vault cash3*5 42,527 - 905 - 1,905 41,364 Reserve balances + total vault cash used to satisfy reserve requirements ' 6 38,975 ; - 774 - 1,219 37,812 Required reserves 38,942 | 347 ; 889 38,942 Excess reserve balances at F.R. Banks5, 7 j 33 - 427 - 330 1,130 On May 26, 1982 , marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter national accounts were $ 90,885 million, a decrease of $1,007 million for the week. 1 Net of $2,114 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 2,114million was with foreign official and international accounts. Includes securities loanel-fully secured by U.S. Government securities. 2 Net of $ 2,346 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 2,346 million was with foreign oificlal and international accounts. Includes $ 1,818 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. Reserve balanceswith 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 Wed. Wed. May 26, 1982 May 19, 1982 May 27, 1981 ASSETS Gold certificate account 11,149 — -5 Special Drawing Rights certif. acct. 3,818 ._ +1,000 Coin 393 -4 +2 Loans 1,367 +309 -484 Acceptances- Held under repurchase aggreements — -944 — Federal agency abligations- Bought outright 9,008 -- +288 Held under repurchase agreements 1 — -417 -- U.S. government securities: Bought outright—Bills 49,481 +407 +8,712 Notes 61,143 — +2,325 Bonds M11*1 -- +535 Total bought outright 2 128,765 +407 +11,572 Held under repurchase agreements 1 -- -2,933 -- Total U.S. government securities 128,765 -2,526 +1U572 Total loans and securities 139,140 -3,578 +11,376 Cash items in process of collection (8874 ) 6,977 -622 -4,986 Bank premises 518 +2 +48 Other assets 3 7,939 -139 -1,559 TOTAL ASSETS (8874 ) 169,934 -4,341 +5,876 LIABILITIES Federal Reserve notes 132,619 +454 +8,657 Deposits: DDeeppoossiittoorryy IInnssttiittuuttiioonnss 23,082 -3,896 -1,002 UU..SS.. TTrreeaassuurryy——ggeenneerraall aaccccoouunntt 2,969 -728 +89 Foreign—official accounts 272 +31 -27 Other (6637) 545 +38 +300 Total deposits (6637) 26,868 -4,555 -640 Deferred availability cash items (2237) 5,329 -262 -2,552 Other liabilities and accrued dividends 4 2,184 +10 +219 TOTAL LIABILITIES ( 8874 ) 167,000 -4,353 +5,684 CAPITAL ACCOUNTS Capital paid in 1,316 +1 +79 Surplus 1,278 — +75 Other capital accounts 340 +11 +38 Figures in parentheses are the eliminations made in the consolidating process. Does not include U.S. government and federal agency securities resold under matched sale-purchase transactions to foreig official and international accounts, of which $ -0- million was outstanding at the end of the latest statement week. Net of $2,346 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $1,818 million securities loaned—fully secured by U.S. government securities. Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes special investment account at Chicago of $ 46 million in Treasury Bills maturing within 90 days. Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. MATURITY DISTRIBUTION OF LOANS AND SECURITIES May 26, 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 1,342 — 4,273 -3,365 105 -511 16 days to 90 days 25 -- 26,955 -275 394 -46 91 days to 1 year — -- 32,270 +1,114 1,661 +33 Over 1 year to 5 years -- -- 37,790 5,387 +99 Over 5 years to 10 years — — 10,717 — 927 +8 Over 10 years «._ .. 1166,,776600 — 553344 — Total 1,367 -- 112288,,776655 -2,526 99,,000088 -417 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 26, 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 393 31 20 13 36 48 45 19 24 19 37 29 72 Loans 1,367 59 401 179 9 184 28 164 41 74 120 74 34 Acceptances held under repurchase agreements -0- -- -- — -- -- — — -- — -- — -- Federal agency obligations: Bought outright 9,008 416 2,833 300 595 764 229 1,278 303 114 426 611 1,139 Held under repurchase agreements 1 -0- — -- — -- — — — -- -- -- — — U.S. government securities: Bought outright-Bills 49,481 2,286 15,565 1,649 3,266 4,199 1,259 7,022 1,665 624 2,338 3,353 6,255 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 2 128,765 5,949 40,504 4,291 8,498 10,926 3,277 18,275 4,335 1,623 6,083 8,728 16,276 Held under repurchase agreements 1 -0- — -- — -- -- -- -- — — — -- Total U.S. government securities 128,765 5,949 40,504 4,291 8,498 10,926 3,277 18,275 4,335 1,623 6,083 8,728 16,276 Total loans and securities 139,140 6,424 43,738 4,770 9,102 11,874 3,534 19,717 4,679 1,811 6,629 9,413 17,449 Cash items in process of collection 15,851 480 2,821 423 826 2,183 1,519 2,118 606 476 1,337 1,822 1,240 Bank premises 518 98 24 51 27 105 34 18 14 27 23 15 82 Other assets 3 7,939 239 2,384 321 588 447 486 1,070 223 228 342 482 1,129 Interdistrict settlement account -0- + 163 -1.993 - 49 -1,413 - 245 - 170 -2,306 +5,410 - 165 + 454 - 679 + 993 TOTAL ASSETS 178,808 8,204 51,311 6,269 10,160 15,716 5,983 22,746 11,514 00 9,597 12,081 22,627 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 $ 2,346 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $1,818 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 $ 46 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 26, 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 13 2,619 6,914 41,226 5,252 8,622 12,264 2,974 19,283 3,842 1,537 7,122 8,959 14,624 Deposits: Depository institutions 23,082 839 4,433 652 898 1,107 1,760 2,100 455 573 1,260 2,062 6,943 U.S. Treasury—general account 2,969 2,969 Foreign-official accounts 272 5 121 8 15 11 15 28 6 8 9 13 33 Other 7.182 1 467 1 21 2 49 6.636 2 1 2 Total deposits 33,505 845 7,990 661 913 1,139 1,777 2,177 7,097 581 1,271 2,076 6,978 Deferred availability cash items 7,566 261 771 155 255 1,964 920 553 413 351 965 694 264 Other liabilities and accrued dividends1 2.184 .104 578 78 154 190 97 327 76 33 107 155 285 TOTAL LIABILITIES 175,874 8,124 50,565 6,146 9,944 1155,,555577 55,,776688 2222,,334400 1111,,442288 22,,550022 99,,446655 1111,,888844 22,151 CAPITAL ACCOUNTS Capital paid in 1,316 34 323 57 98 6677 110044 118822 3388 4477 5599 8888 219 Surplus 1,278 33 319 53 96 6666 9977 118800 3377 4477 5577 8844 209 Other capital accounts 340 13 104 13 22 2266 1144 4444 iiii 44 1166 2255 48 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 178,808 8,204 51,311 6,269 10,160 1155,,771166 55,,998833 2222,,774466 1111,,551144 22,,660000 99,,559977 1122,,008811 22,627 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 153,095 8,042 44,798 7,858 9,451 13,663 5,341 20,925 5,377 1,858 8,419 10,504 16,859 Less—Held by F.R. Banks 20.476 1.128 3.572 2.606 829 1.399 2.367 1.642 1.535 321 1.297 1.545 2.235 F.R. notes, net 132,619 6,914 41,226 5,252 8,622 12,264 2,974 19,283 3,842 1,537 7,122 8,959 14,624 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 - 0 - U.S. govt, and agency securities 117.652 6.145 36.909 4.512 7.628 10.960 2.439 17.173 3.284 1.333 6.347 7.960 12.962 Total collateral 132,619 6,914 41,226 5,252 8,622 12,264 2,974 19,283 3,842 1,537 7,122 8,959 14,624 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