H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE .f --------------------------------------------------------------- Factors Affecting Reserves of DeppsiC^yyKstitutions and Condition Statement of F.R. B ^ jj\ V iSj’k H.4.1. For immediate release « * * $ > * * * July 23.1982 Averages of daily figures (millions of dollars) Reserves of depository institutions, Week ended Change from week ended Wednesday Reserve Bank credit, and related items July 21, July 14, July 22, July 21, 198? 1982 ____1981______ 1982 Reserve Bank credit: 1 2 U.S. government securities— Bought outright-system account 133,214 + 2,014 + 11,870 132,907 Held under repurchase agreements 941 + 463 - 1,604 — Federal agency obligations— _ Bought outright 9,001 + 307 9,001 Held under repurchase agreements 311 + 192 - 390 — Acceptances— Bought outright — Held under repurchase agreements 488 + 392 + 35 Loans to depository institutions 595 + 37 - 1,135 750 Includes: seasonal borrowing of 239 + 8 - 5 218 extended credit of 33 - 37 + 33 28 Float 2,055 - 887 - 1,179 2,474 Other F.R. assets 8,916 + 174 - 1,313 9,058 Total Reserve Bank credit 155,522 + 2,387 + 6,591 154,190 Gold stock 11,149 — 5 11,149 Special Drawing Rights certificate account 3,875 + 57 + 807 4,018 Treasury currency outstanding 13,786 — + 196 13,786 Total Factors 184,332 + 2,444 + 7,589 183,143 Currency in circulation* 147,899 - 877 + 9,488 147,728 Treasury cash holdings* 440 - 20 - 23 440 Treasury deposits with F.R. Banks 3,181 - 168 + 75 3,844 Foreign deposits with F.R. Banks 278 + 20 - 15 238 Other deposits with F.R. Banks 563 _ 8 + 73 671 Required clearing balances 218 - 2 + 218 218 Other F.R. liabilities and capital 5,449 + 254 + 425 5,214 158,028 - 801 + 10,242 158,353 26,304 + 3,245 2,652 24,790 Reserve balances with F.R. Banks3 Total vault cash 17,933 - 2,306 ' + 1,206 17,933 (a) Vault cash at institutions with required reserve balances 12,272 - 1,279 + 923 12,272 (b) Vault cash equal to required reserves at other institutions 2,132 _ 448 + 737 2,132 (c) Surplus vault cash at other institutions4 3,529 - 579 - 454 3,529 44,238 + 939 - 1,445 42,724 Reserve balances + total vault cash3*** Reserve balances + total vault cash used to satisfy reserve 40,709 + 1,518 _ 991 39,195 requirements5, 6 Required reserves 40,359 + 1,402 - 944 40,359 350 + 116 - 47 1,164 Excess reserve balances at F.R. Banks5, 7 On July 21, 1982 , marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter­ national accounts were $ 96,479 million, a decrease of $ 246 million for the week. 1 Net of $ 2,274 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 2,274 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. 2 Net of $2,243 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 2,243 million was with foreign official and international accounts. Includes $ 363 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 $ l 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 * Wednesday Wednesday Wednesday July 21, 1982 July 14, 1982 July 22, 1981 ASSETS Gold certificate account 11,149 5 Special Drawing Rights certif. acct. 4,018 + 200 + 950 Coin 421 + 9 + 56 Loans 750 + 99 - 4,480 Acceptances— Held under repurchase aggreements — 621 Federal agency abligations- Bought outright 9,001 -- + 307 Held under repurchase agreements 1 -- - 1,304 U.S. government securities: Bought outright—Bills 52,625 +1,781 + 8,367 Notes 62,018 — + 2,409 Bonds 18,264 -- + 473 Total bought outright 2 132,907 +1,781 +11,249 Held under repurchase agreements 1 — -- - 4,024 Total U.S. government securities 132,907 +1,781 + 7,225 Total loans and securities 142,658 +1,880 + 1,127 Cash items in process of collection (2,372 ) 8,622 + 188 - 1,309 Bank premises 524 -- + 43 Other assets 3 8,534 + 131 - 1,250 TOTAL ASSETS (2,372 ) 175,926 +2,408 - 388 LIABILITIES Federal Reserve notes 134,803 -1,105 + 9,220 Deposits: Depository Institutions 25,012 +2,138 - 9,757 U.S. Treasury-general account 3,844 + 964 + 271 Foreign—official accounts 238 1 108 Other ( i > ____fi&Z +...148 r______Z Total deposits (1) , 29,761 +3,249 - 9,601 Deferred availability cash items <2,371 ) 6,148 + 40 - 157 Other liabilities and accrued dividends 4 2,236 + 202 53 TOTAL LIABILITIES > 172,948 +2,386 - 591 CAPITAL ACCOUNTS Capital paid in 1,334 «. _ + 86 Surplus 1,278 + 75 Other capital accounts 366 + 22 + 42 * 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 $2,243 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $365 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. 4 Includes exchange-translation .account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. MATURITY DISTRIBUTION OF LOANS AND SECURITIES July 21, 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 I Weekly changes Holdings 1 Weekly changes Within 15 days 715 — 3,910 - 146 148 +110 16 days to 90 days 35 -- 28,094 - 426 485 -127 91 days to 1 year — — 34,973 +2,353 1,668 + 51 Over 1 year to 5 years -- -- 38,217 _«. 5,299 - 16 Over 5 years to 10 years -- -- 10,830 -- 898 - 18 Over 10 years -- -- 16,883 -- 503 — Total 750 71 132,907 +1,781 9,001 17 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 21, 1982 Millions of dollars____________________________ _______________ Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis K C an it s y as Dallas | 1 Fra S n a c n is co ASSETS S Q p o e ld ci a c l e r D t r if a i w ca i t n e g a R c i c g o h u t n s t certif. acct. 1 4 1 , , 0 1 1 4 8 9 5 2 7 1 0 0 3 1 , , 2 1 1 6 3 1 5 1 5 96 4 2 7 6 4 3 4 3 9 5 6 5 7 4 1 0 4 2 0 1,5 5 7 6 6 2 4 1 1 4 3 8 1 5 5 3 4 5 2 7 1 5 0 2 7 6 43 9 1,2 4 3 5 3 1 C A L c o o c i a n e n p s tances held under repurchase 4 7 2 5 1 0 28 5 27 2 7 3 1 4 4 37 5 4 3 9 7 51 8 5 2 9 5 3 25 3 5 1 8 8 11 J 6 / 1 3 3 3 0 8 1 1 8 agreements -0- — — -- — — — — __ _ Federal agency obligations: B H o e u ld g h u t n d o e u r t r r i e gh pu t rchase agreements 1 2 9,0 - 0 0 1 - 41 - 6 - 2,83 - 1 - 30 -- 0 59 — 4 76 — 4 22 — 9 1,27 — 7 30 -- 3 114 425 610 1,138 U.S. government securities: Bought outright—Bills 52,625 2,432 16,554 1,753 3,474 4,465 1,339 7,468 1,771 664 2,486 3,567 6,652 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 1,238 2,308 Total bought outright 2 132,907 6,141 41,807 4,429 8,772 11,277 3,383 18,862 4,474 1,675 6,279 9,009 16,799 Held under repurchase agreements 1 -0- ~ -- — — -- — -- — Total U.S. government securities 132,907 6,141 41,807 4.429 8,772 11,277 3,383 18,862 4.474 1.675 6,279 9,009 16,799 Total loans and securities 142,658 6,562 44,915 4,733 9,371 12,078 3,620 20,198 4,810 1,847 6,820 9,749 17,955 Cash items in process of collection 10,994 354 1,100 323 538 2,320 1,262 1,102 543 413 1,081 1,154 804 Bank premises 524 97 24 51 27 108 34 18 15 27 23 15 85 Other assets 3 8,534 277 2,614 312 556 507 473 1,186 245 222 388 533 1,221 Interdistrict settlement account -0- + 90 + 996 + 135 - 989 - 560 + 85 - 561 - 1,161 - 72 + 520 + 300 + 1,217 TOTAL ASSETS 178,298 8,188 54,046 6,318 10,547 15,824 6,067 24,106 5,043 2,662 9,654 12,796 23,047 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 $ 2,243 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 365 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 21, 1982 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis HKnneapotis City Dallas Francisco LIABILITIES Federal Reserve notes 134,803 7,054 42,097 5,245 8,655 12,198 3,084 19,643 3,837 1,450 7,222 9,263 15,055 Deposits: Depository institutions 25,012 650 5,358 666 1,217 1,044 1,700 3,125 635 674 1,131 2,288 6,524 U.S. Treasury-general account 3,844 — 3,844 — — — — — — — — — — Foreign-official accounts 238 5 94 8 14 10 15 27 6 7 9 12 31 Other 668 1 603 1 1 26 3 27 1 — 2 2 1 Total deposits 29,762 656 9,899 675 1,232 1,080 1,718 3,179 642 681 1,142 2,302 6,556 Deferred availability cash items 8,519 283 759 195. 279 2,174 963 522 396 396 1,040 863 649 Other liabilities and accrued dividends1 2,236 113 530 80 164 206 86 353 82 33 116 166 307 TOTAL LIABILITIES 175,320 8,106 53,285 6,195 10,330 15,658 5,851 23,697 4,957 2,560 9,520 12,594 22,567 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 366 15 113 13 23 30 14 46 11 6 17 28 50 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 178,298 8,188 54,046 6,318 10,547 15,824 6,067 24;106 5,043 2,662 9,654 12,796 23,047 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 154,753 8,220 45,502 7,840 9,304 13,535 5,297 21,252 5,258 1,913 8,496 10,758 17,378 Less—Held by F.R. Banks 19,950 1,166 3,405 2,595 649 1,337 2,213 1,609 1,421 463 1,274 1,495 2,323 F.R. notes, net 134,803 7,054 42,097 5,245 8,655 12,198 3,084 19,643 3,837 1,450 7,222 9,263 15,055 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. 4,018 210 1,161 196 263 355 140 562 148 53 210 269 451 Other eligible assets - 0 - — — — — — — — — — — — — U.S. govt, and agency securities 119,636 6,274 .37,723 4,495 7,648 10,876 2,542 17,505 3,271 1,243 6,437 8,251 13,371 Total collateral 134,803 7,054 42,097 5,245 8,655 12,198 3,084 19,643 3,837 1,450 7,222 9,263 15,055 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