H.4.1 Factors Affecting Reserve Balances of Depository Institutions

•^l§^v FEDERAL RESERVE Factors Affecting Reserves of Depository Institutions and '•?f*4LR£^ Condition Statement of F.R. Banks H.4.1. For immediate release August 13, 1982 [ Averages of daily f igur es (mi( lions of dollars) RRReeessseeerrrvvveeesss ooofff dddeeepppooosssiiitttooorrryyy iiinnnssstttiiitttuuutttiiiooonnnsss,,, 11 WWeeeekk eennddeedd | Change from week ended Wednesday RRReeessseeerrrvvveee BBBaaannnkkk cccrrreeedddiiittt,,, aaannnddd rrreeelllaaattteeeddd iiittteeemmmsss AAuugguusstt 1111,, Augu^4, -August 12, August 11, 11 LL22&&22 2 L_ 1981 1982 Reserve Bank credit: U.S. government securities- Bought outright—system account 1 131,647 - 305 + 8,680 132,628 Held under repurchase agreements 197 + 197 + 197 — Federal agency obligations- Bought outright 8,988 - 13 + 294 8,955 Held under repurchase agreements 73 •f 73 + 73 — Acceptances- Bought outright — — — — Held under repurchase agreements 102 + 102 + 102 — Loans to depository institutions 369 - 311 - 895 416 Includes: seasonal borrowing of 133 ~ 33 - 90 128 extended credit of 64 + 44 + 64 124 Float 2,335 + 110 - 1,268 2,501 Other F.R. assets 10,048 + 464 + 413 10,188 Total Reserve Bank credit 153,759 + 317 + 7,596 154,688 Gold stock 11,149 — - 5 11,148 Special Drawing Rights certificate account 4,018 + 950 4,018 •— Treasury currency outstanding 13,786 — + 180 13,786 Total Factors 182,712 _ 317 + 8,721 183,640 Currency in circulation* 148,554 + 1,069 + 9,521 149,254 Treasury cash holdings* 419 + 2 - 31 420 Treasury deposits with F.R. Banks 3,950 + 306 + 336 2,759 Foreign deposits with F.R. Banks 243 - 343 - 36 204 Other deposits with F.R. Banks 756 + 43 + 310 694 Required clearing balances 226 + 4 + 226 226 Other F.R. liabilities and capital 5,267 - 97 + 707 5,005 159,415 + 983 + 11,032 158,562 Reserve balances with F.R. Banks3 23,297 _ 667 _ 2,311 25,078 Total vault cash 20,176 + 325 + 1,142 20,176 (a) Vault cash at institutions with required reserve balances 13,458 - 82 + 495 13,458 (b) Vault cash equal to required reserves at other institutions ] 2,740 + 289 + 1,215 2,740 (c) Surplus vault cash at other institutions4 3,978 + 118 - 568 3,978 Reserve balances + total vault cash3'5 43,474 - 342 - 1,168 45,255 Reserve balances + total vault cash used to satisfy reserve requirements5, 6 39,496 - 460 - 600 41,277 Required reserves 39,138 - 544 - 756 39,138 Excess reserve balances at F.R. Banks5 ,7 358 + 84 + 156 2,139 On August 11, 1982 marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official an dinter t national accounts were $ 95,821 million, a decrease of $ 2,067 million for the week. 1 Net of $ 1,963 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 1,963million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. Government securities. 2 Net of $ 1,696 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 1,696 million was with foreign official and international accounts. Includes $ 217 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 * Wednesday Wednesday Wednesday August 11, 1982 August 4, 1982 August 1?., 19F.J ASSETS Gold certificate account 11,148 6 Special Drawing Rights certif. acct. 4,018 4- 950 Coin 424 4- 3 + 54 Loans 416 - 1,793 - 905 Acceptances- Held under repurchase aggreements Federal agency abligations— 8,955 46 261 Bought outright Held under repurchase agreements 1 U.S. government securities: 52,346 + 1,967 4- 7,036 Bought outright-Bills 62,018 -.- 4- 2,409 Notes 1188,,226644 -- 4- 473 Bonds 113322,,662288 + 1,967 4- 9,918 Total bought outright 2 Held under repurchase agreements 1 132,628 + 1,967 -1- 9,918 Total U.S. government securities 141,999 + 128 + 9,274 Total loans and securities < 2,104> 8,057 - 1,687 - 2,019 Cash items in process of collection 531 + 3 + 50 Bank premises 9,657 4- 176 + 401 Other assets 3 < 2,104) 175,834 - 1,378 + 8,704 TOTAL ASSETS LIABILITIES Federal Reserve notes 136,312 917 + 9,526 Deposits: Depository Institutions 25,305 + 1,938 712 U.S. Treasury—general account 2,759 - 3,003 - 316 Foreign-official accounts 204 104 37 Other 693 77 4- 239 Total deposits "28,961 - 1,246 - 826 Deferred availability cash items ( 2,104) 5,556 938 587 Other liabilities and accrued dividends 4 2,029 37 4- 396 TOTAL LIABILITIES < 2,104) 1.72,858 - 1,304 4- 8,509 CAPITAL ACCOUNTS Capital paid in 1,336 + 3 4- 84 Surplus 1,278 — 4- 75 Other capital accounts 362 77 4- 36 * 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 6o!\0f J**696 million matched sale-purchase transactions outstanding at the end of the latest statement week. Incljdes $217 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 $18 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. b MATURITY DISTRIBUTION OF LOANS AND SECURITIES August 11, 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 change?" Within 15 days 342 7,614 4- 213 117 70 16 days to 90 days 74 24,845 4- 2,882 491 116 91 days to 1 year 33,514 - 1,129 1,637 Over 1 year to 5 years 38,942 4- 1 5,305 Over 5 years to 10 years 10,830 902 Over 10 years 316,883 503 Total 416 132,628 4- 1,967 8,955 46 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 August 11, 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 11,148 570 3,212 554 744 967 402 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 Coin 424 25 24 16 37 51 50 26 27 18 36 34 SO Loans 416 — 7 14 2 22 11 32 15 24 151 111 27 Acceptances held under repurchase agreements -0- -- -- — — -- -- -- -- — -- -- — Federal agency obligations: Bought outright 8,955 414 2,817 299 591 758 228 1,271 302 113 423 607 1,1.32 Held under repurchase agreements 1 -0- — — -- -- -- -- -- -- -- — -- -- U.S. government securities: Bought outright—Bills 52,346 2,419 16,466 1,744 3,455 4,442 1,332 7,429 1,762 660 2,472 3,548 6,617 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 2 132,628 6,128 41,719 4,420 8,753 11,254 3,376 18,823 4,465 1,671 6,265 8,990 16,764 Held under repurchase agreements 1 -0- --• -- -- -- -- -- -- -- ..„ -. -- _„ Total U.S. government securities j 132,628 6,128 41,719 4,420 8,753 11,254 3,376 18,823 4,465 1,671 6,265 8,990""" 16Y764 Total loans and securities 141,999 6,542 44,543 4,733 9,346 12,034 3,615 20,126 4,782 1,808 6,839 9,708 17,923 Cash items in process of collection 10,158 334 1,221 274 354 2,085 1,358 1,072 467 358 1,096 780 759 Bank premises 531 98 25 51 27 109 34 18 15 27 23 15 89 Other assets 3 9,657 310 2,915 365 672 585 544 1,293 278 257 426 621 1,391 Interdistrict settlement account -0- + 156 + 2,648 215 - 912 - 435 - 663 608 - 1,097 235 + 337 + 89 + 935 TOTAL ASSETS 177,935 8,245 55,749 5,974 10,531 15,751 5,480 24,065 5,038 2,440 9,542 12,259 22,861 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 $ 1,696 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 217 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 $ 18 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 August 11, 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 136,312 7,132 42,772 5,229 8,854 12,383 2,907 19,916 3,883 1,430 7,279 9,332 15,195 Deposits: Depository institutions 25,305 644 7,596 396 1,057 997 1,370 2,918 560 528 1,042 1,874 6,323 U.S. Treasury—general account 2,759 2,759 Foreign—official accounts 204 5 55 8 15 10 15 28 6 7 9 13 33 Other 693 1 613 1 23 1 30 20 1 2 1 Total deposits 28,961 650 11,023 404 1,073 1,030 1,386 2,976 586 535 1,052 1,889 6,357 Deferred availability cash items 7,657 278 726 144 240 1,984 894 444 408 333 972 686 548 Other liabilities and accrued dividends 1 2,029 104 472 74 146 188 75 320 74 40 106 150 280 TOTAL LIABILITIES 174,959 8,164 54,993 5,851 10,313 15,585 5,262 23,656 4,951 2,338 9,409 12,057 22,380 CAPITAL ACCOUNTS Capital paid in 1,336 34 330 57 99 70 106 183 38 49 59 90 221 Surplus 1,278 33 319 53 96 66 97 180 37 47 57 84 209 Other capital accounts 362 14 107 13 23 30 15 46 12 6 17 28 51 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 177,935 8,245 55,749 5,974 10,531 15,751 5,480 24,065 5,038 2,440 9,542 12,259 22,861 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 155,380 8,384 46,339 7,721 9,420 13,581 4,917 21,432 5,178 1,965 8,418 10,671 17,354 Less-Held by F.R. Banks 19,068 1,252 3,567 2,492 566 1,198 2,010 1,516 1,295 535 1,139 1,339 2,159 F.R. notes, net 136,312 7,132 42,772 5,229 8,854 12,383 2,907 19,916 3,883 1,430 7,279 9,332 15,195 Collateral held against F.R. notes: Gold certificate account 11,148 570 3,212 554 744 967 402 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 121,146 6,352 38,399 4,479 7,847 11,061 2,365 17,778 3,317 1,223 6,494 8,320 13,511 Total collateral 136,312 7,132 42,772 5,229 8,854 12,383 2,907 19,916 3,883 1,430 7,279 9,332 15,195 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