H.4.1 Factors Affecting Reserve Balances of Depository Institutions

.-•oljow- FEDERAL RESERVE •?f^f Factors Affecting Reserves of Depository Institutions and Condition Statement of F.R. Banks H.4.1. For immediate release July 16, 1982 1 Averages of daily figures (millions of dollars) RReesseerrvveess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss,, WWeeeekk eennddeedd 1 Change from week ended 11 WWeeddnneessddaayy RReesseerrvvee BBaannkk ccrreeddiitt aanndd rreellaatteedd iitteemmss JJuu 11QQ llyy RR 22 11 44,, Juis«27' J 1 u 9 ly 8 1 15, JJuu 11 llyy 99 8822 11 44,, Reserve Bank credit: .1 2 U.S. government securities- Bought outright—system account 131,200 + 2,102 + 10,576 131,126 Held under repurchase agreements 478 1,912 i - 2,027 Federal agency obligations- Bought outright 9,001 + 307 9,001 Held under repurchase agreements 119 433 281 Acceptances- Bought outright Held under repurchase agreements 96 648 297 Loans to depository institutions 558 514 739 651 Includes: seasonal borrowing of 231 20 16 238 extended credit of 70 17 + 70 56 Float 2,873 + 1,246 420 2,326 Other F.R. assets 8,742 + 164 1,242 8,927 Total Reserve Bank credit 153,066 + 3 + 5,875 152,031 Gold stock 11,149 5 11,149 Special Drawing Rights certificate account 3,818 + 750 3,818 Treasury currency outstanding 13,786 + 5 + 201 13,786 Total Factors 181,819 + 8 + 6,822 180,784 Currency in circulation* 148,776 + 917 + 9,707 148,822 Treasury cash holdings* 460 + 18 15 460 Treasury deposits with F.R. Banks 3,349 21 58 2,880 Foreign deposits with F.R. Banks 258 11 4 239 Other deposits with F.R. Banks 571 64 + 47 519 Required clearing balances 220 + 220 220 Other F.R. liabilities and capital 5,195 + 61 + 328 4*990 158,829 + 901 + 10,225 158,130 Reserve balances with F.R. Banks3 22,990 893 3,402 22,654 Total vault cash 20,239 + 581 + 1,383 20,239 (a) Vault cash at institutions with required reserve balances 13,551 + 184 + 779 13,551 (b) Vault cash equal to required reserves at other institutions 2,580 + 77 + 1,084 2,580 (c) Surplus vault cash at other institutions4 4,108 + 320 480 4,108 Reserve balances + total vault cash3'5 43,230 312 2,018 42,894 Reserve balances + total vault cash used to satisfy reserve requirements5' 6 39,122 632 1,538 38,786 Required reserves 38,957 257 1,551 1 38,957 Excess reserve balances at F.R. Banks5, 7 165 | 375 + 13 | 171 On July 14, 1982 t marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter national accounts were $ 96,725 million, an increase of $529 million for the week. 1 Net of $ 2,518 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 2,518million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. 2 Net of $ 2,591 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 2,591 million was with foreign official and international accounts. Includes $ 230 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 $ 1 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 July 14, 1982 July 7, 1982 July 15, L981 ASSETS Gold certificate account 11,149 — 5 Special Drawing Rights certif. acct. 3,818 -._ + 750 Coin 412 + 4 + 47 Loans 651 - 29 -2,635 Acceptances- Held under repurchase aggreements - 862 - 223 Federal agency abligations- Bought outright 9,001 — + 307 Held under repurchase agreements 1 — - 664 - 224 U.S. government securities: Bought outright-Bills 50,844 +1,672 +6,663 Notes 62,018 + 875 +2,409 Bonds 18,264 + 123 + 473 Total bought outright 2 131,126 +2,670 +9,545 Held under repurchase agreements ' — --33,,668877 - 708 Total U.S. government securities 131,126 --11,,001177 +8,837 Total loans and securities 140,778 -2,572 +6,062 Cash items in process of collection (2,322) 8,434 -2,479 -2,674 Bank premises 524 + 3 + 47 Other assets 3 8,403 + 119 -1,237 TOTAL ASSETS (2,322) 173,518 -4,925 +2,990 LIABILITIES Federal Reserve notes 135,908 - 149 +9,483 Deposits: Depository Institutions 22,874 -2,158 -6,079 U.S. Treasury-general account 2,880 - 354 - 273 Foreign-official accounts 239 + 47 49 Other j( 5 ) 519 - 92 + 33 Total deposits < 5 ) 26,512 -2,557 -6,368 Deferred availability cash items (2,317 ) 6,108 -1,977 - 557 Other liabilities and accrued dividends 4 2,034 - 261 + 254 TOTAL LIABILITIES (2,322 ) 170,562 -4,944 +2,812 CAPITAL ACCOUNTS Capital paid in 1,334 + 5 + 85 Surplus 1,278 — + 75 Other capital accounts 344 + 14 + 18 * 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 $2,591 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $230 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 $24 million in Treasury Bills maturing within 9 0days. 4 Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JULY 14, 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 504 4,056 -2,091 38 -691 16 days to 90 days 147 28,520 +1,246 612 + 55 91 days to 1 year 32,620 -1,099 1,617 - If Over 1 year to 5 years 38,217 + 691 5,315 - 1 Over 5 years to 10 years 10,830 + 113 916 - 11 Over 10 years 16,883 + 123 503 Total 651 131,126 -1,017 9,001 ~664 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1 (hi STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON July 14, 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 412 29 24 15 36 48 49 24 24 18 36 31 78 Loans 651 4 58 51 9 57 25 75 33 56 121 123 39 Acceptances held under repurchase agreements -0- Federal agency obligations: Bought outright 9,901 416 2,831 300 594 764 229 1,277 303 114 425 610 1,138 Hafd under repurchase agreements 1 -0- U.S. government securities: Sought outright—Bills 50,844 2,349 15,994 1,694 3,356 4,314 1,294 7,216 1,712 641 2,401 3,446 6,427 Notes 62,018 2,865 19,508 2,067 4,093 5,262 1,579 8,802 2,088 781 2,930 4,204 7,839 Bonds 18,264 844 5,745 609 .1,205 1,550 465 2,592 615 230 863 JLi238_ 2,308 Total bought outright 2 131,126 6,058 41,247 4,370 8,654 11,126 3,338 18,610 4,415 1,652 6,194 8,888 16,574 Held under repurchase agreements 1 -0- Total U.S. government securities 131,126 6,058 41,247 4,370 8,654 11,126 3,338 18,610 4,415 -i^52_ 6,194 8,888 16,574 total loans and securities 140,778 6,478 44,136 4,721 9 ,257 11,947 3,592 19,962 4,751 1,822 6,740 9,621 17,751 Cash items in process of collection 10,756 339 841 367 437 2,318 1,371 1,367 460 407 1,156 905 788 Bank premises 524 98 24 51 27 107 34 18 15 27 23 15 85 Other assets 3 8,403 273 2,568 347 560 513 474 1,123 244 224 367 517 1,193 !nterdistrict settlement account -0- + 291 + 1,689 22 - 846 342 180 747 945 152 + 492 + 48 + 714 TOTAL ASSETS 175,840 8,277 53,599 6,219 10,465 15,895 5,875 23,857 5,107 2,550 9,589 12,136 22,271 Does not mciude 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 $ 2591 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 230 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 $ 24 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 July 14, 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 ,908 7,201 42,330 5,279 8,856 12 ,385 2,980 20 ,018 3,925 1,520 7,209 9,238 14,967 Deposits: Depository institutions 22 ,874 586 5,877 555 992 915 1,565 2 ,455 619 534 1,042 1,840 5,894 U.S. Treasury—general account 2 ,880 — 2,880 — — — — — — — — Foreign-official accounts 239 5 95 8 14 10 15 27 6 7 9 12 31 Other 524 1 434 — 1 27 2 51 3 1 2 i 1 Total deposits 26 ,517 592 9,286 563 1,007 952 1,582 2 ,533 628 542 1,053 1,853 5,926 Deferred availability cash items 8 •425 299 757 180 238 2 ,205 1,021 575 393 360 1,088 692 617 Other liabilities and accrued dividends1 2 ,034 104 469 74 148 190 79 324 75 30 106 153 282 TOTAL LIABILITIES 172 ,884 8,196 52,842 6,096 10,249 "T5 ,732 5,662 T3 ,450 5,021 2,452 9,456 11,936 " "21,792 CAPITAL ACCOUNTS Capital paid in 1 ,334 34 329 57 98 70 105 183 38 49 60 90 221 Surplus 1 ,278 33 319 53 96 66 97 180 37 47 57 84 209 Other capital accounts 344 14 109 13 22 27 11 44 11 2 16 26 49 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 175 ,840 8,277 53,599 6,219 10,465 15 ,895 5,875 23 ,857 5,107 2,550 9,589 12,136 22,271 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 154 ,346 8,318 45,439 7,835 9,425 13 ,503 5,030 21 ,407 5,286 1,924 8,497 10,625 17.0D7 Less—Held by F.R. Banks 18 ,438 1,117 3,109 2,556 569 1 ,118 2,050 1 ,389 1,361 404 1,288 1,387 2,090 F.R. notes, net 135 ,908 7,201 42,330 5,279 8,856 12 ,385 2,980 " 20 ,018 3,925 1,520 7,209 9,238 14¥967 Collateral held against F.R. notes: Gold certificate account 11 1 /. n 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 120 ,941 6,432 38,013 4,539 7,862 11 ,081 2,445 17 ,908 3,367 1,316 6,434 8,239 13,305 Total collateral 135 ,908 7,201 42,330 5,279 8,856 12 ,385 2,980 20 ,018 3,925 1,520 7,209 9,238 14,967 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