H.4.1 Factors Affecting Reserve Balances of Depository Institutions

tfisssfe; FEDERAL RESERVE :?f^P£' Factors Affecting Reserves of Depositary Institutions and Condition Statement of F.R. Banks H.4.1. For immediate release July 9, 1982 1 Averages of daily figures (millions of dollars) RRReeessseeerrrvvveeesss ooofff dddeeepppooosssiiitttooorrryyy iiinnnssstttiiitttuuutttiiiooonnnsss,,, 11 WWeeeekk eennddeedd | Change from week ended J Wednesday RRReeessseeerrrvvveee BBBaaannnkkk cccrrreeedddiiittt,,, aaannnddd rrreeelllaaattteeeddd iiittteeemmmsss JJuullyy 77,, June 30, July 8, 1 July 7, 11998822** IQft? 1QR1 1982* Reserve Bank credit: 1 2 U.S. government securities- Bought outright—system account 129,098 1,360 + 7,714 128,456 Held under repurchase agreements 2,390 + 2,390 + 1,716 3,687 Federal agency obligations- Bought outright 9,001 1 + 307 9,001 Held under repurchase agreements 552 + 552 + 290 664 Acceptances- Bought outright Held under repurchase agreements 744 + 744 + 405 862 Loans to depository institutions 1,072 544 792 680 Includes: seasonal borrowing of 251 | - 17 + 10 246 extended credit of 87 6 + 87 83 Float 1,767 + 25 1,142 ! 2,730 Other F.R. assets 8,578 449 1,811 8,807 Total Reserve Bank credit 153,204 + 1,359 + 6,688 154,887 Gold stock 11,149 5 11,149 Special Drawing Rights certificate account 3,818 + 750 3,818 Treasury currency outstanding 13,781 + 198 13,781 181,952 + 1,359 + 7,631 183,635 Currency in circulation** 147,827 + 1,700 + 9,455 148,874 Treasury cash holdings** 460 20 460 Treasury deposits with F.R. Banks 3,370 + 230 + 436 3,234 Foreign deposits with F.R. Banks 269 53 137 192 Other deposits with F.R. Banks 635 + 174 + 63 611 Required clearing balances 220 + 7 + 220 220 Other F.R. liabilities and capital 5,134 210 93 5,232 Total Factors 157,914 + 1,847 + 9,923 158,823 Reserve balances with F.R. Banks^ 24,037 489 2,293 24,812 Total vault cash 19,658 29 + 1,165 19,658 (a) Vault cash at institutions with required reserve balances 13,367 73 + 688 13,367 (b) Vault cash equal to required reserves at other institutions 2,503 + 74 + 1,057 2,503 (c) Surplus vault cash at other institutions4 3,788 30 580 3,788 Reserve balances + total vault cash3*5 43,696 518 1,127 44,471 Reserve balances + total vault cash used to satisfy reserve requirements5, 6 39,908 488 547 40,683 Required reserves 39,214 585 815 39,214 Excess reserve balances at F.R. Banks5 ,7 ] 694 J + 97 J + 268 J 1,469 On July 7» 1982 marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter t national accounts were $ 96,196 million, an increase of $74 million for the week. 1 Net of $ 3,580 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 3,580 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. Net of $4,264 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4,264 million was with foreign official and international accounts. Includes $ 571 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 $ 1 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 vault cash used to satisfy reserve requirements less required reserves. (This measure o fexcess reserves is comparable to the old excess reserve concept published historically.) * Estimated (Richmond District), 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 July 7, 1982 ** June 30, 1982 July 8, 1981 ASSETS Gold certificate account 11,149 5 Special Drawing Rights certif. acct. 3,818 + 750 408 7 + 43 Coin 680 958 -2,151 Loans Acceptances- 862 862 + 194 Held under repurchase aggreements Federal agency abligations- 9,001 1 + 307 Bought outright 664 + 664 + 127 Held under repurchase agreements 1 U.S. government securities: 49,172 +1,251 +2,617 Bought outright-Bills 61,143 + 200 +2,325 Notes 1188,,114411 — + 535 Bonds 112288,,445566 +1,451 +5,477 Total bought outright 2 3,687 +3,687 +2,354 Held under repurchase agreements 1 132,143 +5,138 +7,831 Total U.S. government securities 143,350 +5,705 +6,308 Total loans and securities ( 2,474 ) 10,525 + 922 + 853 Cash items in process of collection 521 — + 46 Bank premises 8,286 6 -1,269 Other assets 3 (2,474 ) 178,057 +6,614 +6,726 TOTAL ASSETS LIABILITIES Federal Reserve notes 135,961 +1,733 +9,274 Deposits: Depository Institutions 25,032 +4 ,834 -4 ,799 U.S. Treasury—general account 3,234 - 865 + 381 Foreign—official accounts 192 - 394 - 100 Other ( 1) 611 + 174 + 90 Total deposits ( 1 ) 29,069 +3 ,749 -4, 428 Deferred availability cash items (2,473 ) 7,795 + 737 +1 ,280 Other liabilities and accrued dividends 4 2,295 + 216 + 430 TOTAL LIABILITIES (2,474 ) 175,120 +6, 435 +6 ,556 CAPITAL ACCOUNTS Capital paid in 1,329 + 2 + 83 Surplus 1,278 + 75 Other capital accounts 330 + 177 + 12 * 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- niillion was outstanding at the end of the latest statement week. 2 Net of $4,264 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $571 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 $37 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. ** Estimated (Richmond District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JULY 7, 1982 Acceptances and securities held under repurchase agreements are classified' i I as maturing within 15 days in accordance with maximum maturity of the agreements. Loans Acceptances U.S. government securities Federal agency obligations Tloldings | Weekly changes Holdings | Weekly changes" W 9 1 1 6 i t d d h a a in y y s s 1 t t 5 o o d 9 1 a 0 y y e s d a a r y s 5 1 6 1 2 8 862 2 6 7 , , 1 2 4 7 7 4 + + 1 3 , , 8 8 4 3 2 1 5 7 5 2 7 9 + + 1 5 1 4 4 5 Over 1 year to 5 years 33,719 - 735 1,633 + 4 Over 5 years to 10 years 37,526 + 200 5,316 Over 10 years 10,717 927 Total 680 862 1 1 3 6 2 , , 7 1 6 4 0 3 +5,138 9,6 5 6 0 5 3 +663 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 July 7, 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 408 30 24 15 40 49 48 22 21 18 36 31 74 Loans 680 16 52 113 8 104 15 93 50 63 112 36 18 Acceptances held under repurchase agreements 862 862 Federal agency obligations: Bought outright 9,001 416 2,832 300 594 764 229 1,277 303 113 425 610 1,138 Held under repurchase agreements 1 664 664 U.S. government securities: Bought outright-Bills 49,172 2,272 15,468 1,639 3,245 4,173 1,251 6,978 1,655 620 2,322 3,333 6,216 Notes 61,143 2,825 19,233 2,038 4,036 5,188 1,556 8,677 2,059 770 2,889 4,144 7,728 18,141 838 5,706 604 1,197 1,539 462 2,575 611 229 857 1,230 2,293 TTToootttaaalll bbbooouuuggghhhttt ooouuutttrrriiiggghhhttt 222 128,456 5,935 40,407 4,281 8,478 10,900 3,269 18,230 4,325 1,619 6,068 8,707 16,237 HHHeeelllddd uuunnndddeeerrr rrreeepppuuurrrccchhhaaassseee aaagggrrreeeeeemmmeeennntttsss 111 3,687 3,687 TTToootttaaalll UUU...SSS... gggooovvveeerrrnnnmmmeeennnttt ssseeecccuuurrriiitttiiieeesss 132,143 5,935 44,094 4,281 8,478 10,900 3,269 18,230 4,325 1,619 6,068 8,707 16,237 TTToootttaaalll llloooaaannnsss aaannnddd ssseeecccuuurrriiitttiiieeesss 143,350 6,367 48,504 4,694 9,080 11,768 3,513 19,600 4,678 1,795 6,605 9,353 17,393 CCCaaassshhh iiittteeemmmsss iiinnn ppprrroooccceeessssss ooofff cccooolllllleeeccctttiiiooonnn 12,999 369 1,567 362 532 2,368 1,700 1,399 624 568 1,132 1,153 1,225 BBBaaannnkkk ppprrreeemmmiiissseeesss 521 98 24 51 27 107 34 18 14 27 23 15 83 OOOttthhheeerrr aaasssssseeetttsss 333 8,286 257 2,531 336 538 489 463 1,134 234 220 353 509 1,222 -0- + 504 - 117 + 252 - 567 - 68 + 20 - 579 - 1,039 - 200 + 828 + 557 + 409 TOTAL ASSETS 180,531 8,394 56,850 6,450 10,644 16,017 6,313 23,704 5,090 2,632 9,752 12,617 22,068 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 $ 4,264 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 371 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 $ 37 million in Treasury Bills maturing within 90 days. Estimated (Richmond 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 July 7, 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 135,961 7,200 42,216 5,348 8,805 12,376 3,200 19,955 3,934 1,523 7,214 9,251 14,939 Deposits: Depository institutions 25,032 612 8,437 636 1,099 1,014 1,419 2,249 494 547 969 2,093 5,463 U.S. Treasury—general account 3,234 — 3,234 — — — — — — — — — — Foreign—official accounts 192 7 5 10 19 13 19 35 7 9 11 16 41 Other 612 — 498 — — 14 4 90 1 — 2 2 1 Total deposits 29,070 619 12,174 646 1,118 1,041 1,442 2,374 502 556 982 2,111 5,505 Deferred availability cash items 10,268 389 1,012 250 354 2,247 1,388 639 483 428 1,315 902 861 Other liabilities and accrued dividends1 2,295 106 688 82 151 192 77 328 92 31 108 154 286 TOTAL LIABILITIES 177,594 8,314 56,090 6,326 10,428 15,856 6,107 23,296 5,011 2,538 9,619 12,418 21,591 CAPITAL ACCOUNTS Capital paid in 1,329 34 329 57 98 68 105 183 38 48 60 89 220 Surplus 1,278 33 319 53 96 66 97 180 37 47 57 84 209 Other capital accounts 330 13 112 14 22 27 4 45 4 1 16 26 48 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 180,531 8,394 56,850 6,450 10,644 16,017 6,313 23,704 5,090 2,632 9,752 12,617 22,068 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 154,077 8,297 45,211 7,881 9,419 13,550 5,119 21,316 5,296 1,929 8,476 10,650 16,933 Less-Held by F.R. Banks 18,116 1,097 2,995 2,533 614 1,174 1,919 1,361 1,362 406 1,262 1,399 1,994 F.R. notes, net 135,961 7,200 42,216 5,348 8,805 12,376 3,200 19,955 3,934 1,523 7,214 9,251 14,939 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 108 81 — 27 — — — — — — — — — U.S. govt, and agency securities 120,886 6,350 37,899 4,581 7,811 11,072 2,665 17,845 3,376 1,319 6,439 8,252 13,277 Total collateral 135,961 7,200 42,216 5,348 8,805 12,376 3,200 19,955 3,934 1,523 7,214 9,251 14,939 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. Estimated (Richmond District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis