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VS^&v FEDERAL RESERVE Factors Affecting Reserves of Depository Institutions and Condition Statement of F.R. Banks •?fCT?f H.4.1. For immediate release December 2 4 , 1981 1 Reserves of depository institutions, Reserve Bank credit, and related items Week ended December | Reserve Bank credit: U.S. government securitiesBought outright—system account Held under repurchase agreements Federal agency obligationsBought outright Held under repurchase agreements AcceptancesBought outright Held under repurchase agreements Loans to depository institutions Includes: seasonal borrowing of extended credit of Float Other F.R. assets Total Reserve Bank credit Gold stock Special Drawing Rights certificate account Treasury currency outstanding Currency in circulation* Treasury cash holdings* Treasury deposits with F.R. Banks Foreign deposits with F.R. Banks Other deposits with F.R. Banks Required clearing balances Other F.R. liabilities and capital 23, 1981 Averages of daily figures (millions of dollars) Change from week ended | Wednesday December l b . 1981 1 Dec e mber ~z4~ 1980 23, 128,455 1,119 + 4 1,119 + + 9,384 853 127,247 4,013 9,125 132 — + 132 + + 386 122 9,125 479 + + 254 223 5 26 490 163 2,052 + + + + + + + + + + + + + + + + . + 224 1,028 49 161 2,020 1.302 9,223 9 50 271 9,434 8,082 1 928 34 200 110 840 10,128 1 ! ! 1981 2 1 ! December 254 621 70 161 4,018 9,672 153,396 11,152 3,318 13.681 181,547 144,042 447 3,215 361 592 110 5.814 154,581 4- + -f + — --+ + + 2 2,054 779 + + + 443 57 14 + 149 1,143 — .,- — -- 787 1,290 73 163 6,183 9.228 158,352 11,152 3,318 13.687 186,509 145,027 447 2,282 333 614 110 5.292 154,105 + 910 692 | 32,404 26,967 Reserve balances with F.R. Banks 3 18,632 969 18,632 Total vault cash (estimated) - 1,690 13,087 774 742 13,087 (a) Vault cash at institutions with required reserve balances 2,023 228 1,323 j 2,023 (b) Vault cash equal to required reserves at other institutions 3,522 688 1,096 3,522 (c) Surplus vault cash at other institutions 4 45,620 783 164 51,057 Reserve balances + total vault cash3*5 Reserve balances + total vault cash used to satisfy reserve 5, 6 4. 42,098 95 1,260 47,535 requirements 41,721 410 i + 1,692 41,721 Required reserves 5,8i4 377 315 1 Excess reserve balances at F.R. Banks5' 7 432 J + On December 23, 1981 t marketable U.S, Government securities held in custody by the Fod&rai Res^ve B^ks for foreign official -ind ir-te» national accounts were $ 96,347 mtHion, an increase of $ l s 7 5 1 m i l l i o n f o r the week, 1 Met of $2,147 miliion, daily average, matched sale-purchase transections outstanding durir<j the latest statement week, of which a nm of $ 2,147million was with foreign official and international isocounts. Includes securities loaned-fully secured by U.S, Government secun:i:« 2 Net of $3,462 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 3,462 million was with foreign official and international accounts. Includes $ 440 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 $ 21 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.) Vault cash and required reserves are partially estimated. * Estimated (Treasury's Figures). H.4.1 (a) CONSOLIDATED STATEMENT OF CONDITION OF A L L FEDERAL RESERVE BANKS Millions of dollars Change since Wednesday December 23, 1981 December 16, 1981 December 24, 1980 ASSETS Gold certificate account Special Drawing Rights certif. acct. Coin Loans 11,152 3,318 382 1,290 6 785 9 50 23 98 787 787 787 AcceptancesHeld under repurchase aggreements Federal agency abligationsBought outright Held under repurchase agreements I U.S. government securities: Bought outright—Bills Notes Bonds Total bought outright 2 Held under repurchase agreements 1 Total U.S. government securities Total loans and securities Cash items in process of collection Bank premises Other assets 3 TOTAL ASSETS 9,125 479 (2,972 ) (2,972 ) LIABILITIES Federal Reserve notes Deposits: Depository institutions U.S. Treasury—general account Foreign—official accounts Other Total deposits Deferred availability cash items Other liabilities and accrued dividends. 4 TOTAL LIABILITIES X2.972 ) (2,972 ) CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts + - — 479 + + 386 479 1,473 150 + + + + + + + + + + 6,171 1,260 1,508 8,939 4,013 12,952 14,506 3,682 27 234 11,003 48.868 59,978 18,401 127,247 4,013 131,260 142,941 13,543 481 8,747 180,564 + + + + + + 1,323 4,013 2,690 4,741 358 1 6 5,088 132,169 + 1,133 + 7,968 32,514 2,282 333 614 35,743 7,360 2,436 177,708 + + + + 5,586 1,070 69 35 4,620 143 539 5,071 + + + 2,779 258 80 235 2,676 192 324 10,776 12 + + + 76 58 93 -f — - - 1,278 1,203 375 + + - * Figures In parentheses are the eliminations made in the consolidating process. 1 Does not include U.S. government: and federal agency s e c u r i t i e s resold under matched sale-purchase transactions to foreig o f f i c i a l and international accounts, of which $ -°~ million was outstanding at the end of the l a t e s t statement week. 2 Net of $3V462 million matched sale-purchase transactions outstanding at the end of the l a t e s t statement week. Includes $ 440 million s e c u r i t i e s loaned—fully secured by U.S. government s e c u r i t i e s . 3 Includes assets denominated in foreign currencies, revalued monthly at market exchange r a t e s . Includes special investment account at Chicago of $51 million in Treasury B i l l s maturing within 90 days. 4 Includes exchange-translation account r e f l e c t i n g the monthly revaluation at market exchange rates of foreign exchange commitments. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, December 2 4 , 1981 Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements. Loans Within 15 days 16 days to 90 days 91 days to 1 year Over 1 year to 5 years Over 5 years to 10 years Over 10 years Total Acceptances 1,269 21 787 1,290 787 U.S. government securities Holdings | Weekly changes 9,017 + 1,703 22,802 + 741 34,896 + 176 36,159 + 70 11,752 16,634 131,260 2,690 Federal agency obligations "THoldings | Weekly changes" 639 639 160 731 1,396 5,303 962 573 479 9,604 H.4.1 (b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON December 23, 1981 Millions of dollars Total ASSETS Gold certificate account Special Drawing Rights certif. acct. Coin Loans Acceptances held under repurchase agreements Federal agency obligations: Bought outright Held under repurchase agreements U.S. government securities: Bought o u t r i g h t - B i l l s Boston New Y o r k Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco 11,152 3,318 917 165 3,161 951 531 141 805 253 1,147 288 436 98 1,271 519 450 129 189 48 534 154 628 192 1,083 380 382 1,290 21 83 18 51 18 145 41 229 44 227 45 36 23 299 29 43 16 5 31 124 28 41 68 7 787 787 9,125 479 388 2,657 479 327 662 729 290 1,393 338 136 417 571 1,217 48,868 2,080 14,227 1,749 3,548 3,901 1,552 7,461 1,811 731 2,235 3,057 6,516 59,978 18,401 2,553 783 17,461 5,357 2,146 659 4,354 1,336 4,789 1,469 1,906 585 9,156 2,809 2,223 682 897 275 2,743 842 3,753 1,151 7,997 2,453 Total bought outright 2 Held under repurchase agreements 1 Total U.S. government securities 127,247 4,013 131,260 5,416 4,554 9,238 10,159 4,043 19,426 4,716 1,903 5,820 7,961 16,966 5,416 37,045 4,013 41,058 4,554 9,238 10,159 4,043 19,426 4,716 1,903 5,820 7,961 16,966 Total loans and securities Cash items in process of collection Bank premises Other assets 3 Interdistrict settlement account T O T A L ASSETS 142,941 16,515 481 8,747 -0183,536 5,887 674 98 268 -1- 298 8,328 45,032 1,651 22 2,743 +1,454 55,032 5,026 530 52 351 -234 6,415 10,129 949 27 602 -1,249 11,557 11,115 3,036 99 484 + 566 16,779 4,369 1,924 19 514 - 522 6,883 21,118 2,220 17 1,234 - 1,588 24,814 5,097 781 14 273 - 727 6,046 2,044 621 29 213 - 184 2,976 6,361 1,626 22 362 + 586 9,676 8,573 1,493 15 506 +1,216 12,651 18,190 1,010 67 1,197 + 384 22,379 1 Notes Bonds 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 $ -0million was outstanding at the end of the latest statement week. 2 Net of $ 3,462 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 440 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 $51 m i l l i o n in Treasury B i l l s maturing within 90 days. H.4.1 (c) STATEMENT OF CONDmON OF EACH FEDERAL RESERVE BANK ON Millions of dollars LIABILITIES Federal Reserve notes Deposits: Depository I n s t i t u t i o n s U.S. Treasury —general account Foreign-official accounts Other Total deposits Deferred availability cash items Other liabilities and a c c r u e d dividends 1 ourpsus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding Less - Held by F.R. Banks F.R. N o t e s , Net Collateral held against F.R. notes : Gold certificate account Special Drawing Rights certif. acct. Other e l i g i b l e a s s e t s U.S. govt, and agency securities Total collateral December 23, 1981 Total Boston 132,169 6,993 39,449 32,514 2,282 333 614 35,743 10,332 793 8 1 802 357 10,18.1 2,282 124 538 13,125 957 2.436 97 1,203 375 New York Kansas City Dallas San Francisco 4 ,568 1,460 6,666 8,733 15,015 3,728 726 871 1,515 2,574 6,127 41 54 3,823 652 9 1 736 572 9 1 881 499 12 2 1,529 1,245 17 1 2,592 988 45 2 6,174 423 Richmond Atlanta Chicago 5,327 8,959 12,164 3,255 19,580 627 1,833 1,536 2,003 11 1 639 253 22 1 1,856 358 14 11 1,561 2,715 21 1 2,025 1,313 77 ^ R«S 1 AG 33 13 306 103 46 12 95 24 183,536 8,328 55,032 6,415 11,557 151,432 19.263 132,169 7,896 903 6,993 43,710 4.261 39,449 7,390 2.063 5,327 11,152 3,318 107 117.592 132,169 917 165 107 5.804 6,993 3,161 951 35,337 39,449 1 Includes exchange translation account reflecting the monthly revaluation at market Minneapolis Cleveland Philadelphia St . Louis ,,, „, ... 62 28 90 17 iou 177 50 3/ 36 13 47 38 13 57 52 18 84 74 28 209 194 56 16,779 6,883 24,814 6,046 2,976 9,676 12,651 22,379 9,899 940 8,959 13,410 1.246 12,164 5,353 2.098 3,255 21,124 1.544 19,580 5,551 983 4,568 2,004 544 1,460 7,934 1.268 6,666 10,173 1.440 8,733 16,988 1.973 15,015 531 141 805 253 1,147 288 436 98 1,271 519 450 129 189 48 534 154 628 192 1,083 380 4.655 5,327 7.901 8,959 10.729 12,164 2,721 3,255 17.790 19,580 3.989 4,568 1.223 1,460 5.978 6,666 7.913 8,733 13.552 15.015 exchange rateaof f o r e i g n exchange commitments.