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•iSS&Li,
FEDERAL RESERVE
•7**Acmy.-
Factors Affecting Reserves of Depository Institutions and
Condition Statement of F.R. Banks
For immediate release
H.4.1.
December 4 , 1981
Reserves of depository institutions,
Reserve Bank credit, and related items
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
Week ended
December 2 ,
1981*
1
Averages of daily figures (millions of dollars)
Change from week ended
Wednesday
December 3, December 2,
WovemDer 'Z5", '
1980
1981
1981*
2
125,199
976
i
84
137
+
7,088
39
125,325
2,228
9,130
166
+
273
25
+
373
54
9,129
383
398
317
41
125
4,032
9,901
150,120
11,152
3,318
13,676
178,266
141,853
447
3,028
335
731
99
5,759
152,253
+
6
20
28
2
539
248
801
+
119
1,825
69
125
1,529
3,429
7,563
10
50
122
7,625
7,597
3
183
12
259
99
974
9,122
778
396
28
120
4,394
10,149
152,782
11,152
3,318
13,679
180,931
142,467
447
3,702
303
661
99
5,806
153,485
+
+
+
+
+
+
+
+
+
+
+
+
1 +
8
808
898
6
187
25
140
4
176
1,425
+
+
+
+
+
+
+
+
+
+
+
+
26,014
616
Reserve balances with F.R. Banks 3
1,496
27,447
19,360
+
1,043
Total vault cash
1,426
+
19,360
+
946
13,359
13,359
(a) Vault cash at institutions with required reserve balances
+
949
+
1,313
2,053
2,053
+
137
(b) Vault cash equal to required reserves at other institutions
4
4340
3,948
3,948
1,216
(c) Surplus vault cash at other institutions
46,829
45,396
+
809
559
Reserve balances + total vault cash3*5
Reserve balances + total vault cash used to satisfy reserve
41,448
42,881
+
469
+
657
requirements5, 6
41,230
+
477
41,230
Required reserves
+
1,320
218
8
Excess reserve balances at F.R. Banks5, 7
663
1,651
On December 2, 1981, , marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 96,054
million, an increase of $ 2,055 m i l l i o n for the week,
1 Net of $ 2,597 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of
$ 2 , 5 9 7 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. Government securities.
2 Net of $3,534 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 3,534
million was with foreign official and international accounts. Includes $ 250 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 $ 22 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19,1975.
8 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 (Cleveland D i s t r i c t ) .
**Estimated (Treasury's Figures).
H.4.1 (a)
CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS
Millions of dollars
Change since
Wednesday * *
December 2 , 1981
*
ASSETS
Gold certificate account
Special Drawing Rights cert if acct.
Coin
Loans
AcceptancesHeld under repurchase aggreements
Federal agency abligations—
Bought outright
Held under repurchase agreements 1
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
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 accrued dividends 4
TOTAL LIABILITIES
November 25, 1981
December 3, 1980
11,152
3,318
387
396
_
_
11
260
_
10
50
13
959
778
+
614
+
778
9,129
383
_
+
10
333
+
+
377
383
47,825
59,207
13,293
125,325
2.228
127.553
138,239
11,084
480
9,669
174,329
_
1,154
_
_+
+
+
+
+
+
1,154
1,919
765
1,442
1,328
15
224
2,968
+
+
±
+
+
+
+
+
+
+
+
8,659
589
1.400
10,648
-12,976
13,455
235
24
3,024
16,665
129,621
+
756
+
7,292
(3,166 )
27,546
3,702
303
661
32,212
6,690
+
+
+
_
+
+
+
+
+
+
+
_
+
7,445
586
20
270
8,321
293
(3,166 )
171,354
+
1,024
797
1
59
1,763
163
1 S4
2,836
+
16,263
1,270
1,203
502
+
1
+
131
+
+
+
71
58
273
(3,166
)
(3,166
)
4-
CAPITAL ACCOUNTS
Capital paid in
Surplus
Other capital accounts
Q4^
* 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 $3,534 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes
$250
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 $58 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 (Cleveland District).
M A T U R I T Y DISTRIBUTION O F L O A N S A N D SECURITIES , December 2, 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
376
20
778
396
778
U.S. government securities
Holdings
| Weekly changes
7,052
501
23,638
1,468
33,118
491
35,632
289
11,587
16,526
127,553
765
Federal agency obligations
"Holdings
| Weekly changes
477
779
1,443
5,236
1,004
573
9,512
+
+
218
180
39
33
3
323
H.4.1 (b)
STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON December 2, 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 1
U.S. government securities:
Bought outright-Bills
Notes
Bonds
Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas
City
Dallas
San
Francisco
11,152
3,318
8X7
165
3,161
951
531
141
805
253
1,147
288
436
98
1,371
519
450
129
189
48
534
154
628
192
1,083
380
387
396
20
2
20
206
21
44
41
4
43
4
49
25
19
18
30
7
15
3
29
42
27
40
73
1
778
--
778
--
--
--
--
--
--
--
--
--
9,129
383
389
327
663
729
290
1,394
338
136
417
571
1,217
--
2,658
383
--
--
--
--
--
--
--
47,825
2,036
13,924
1,711
3,472
3,818
1,520
7,301
1,773
715
2,187
2,992
6,376
59,207
18,293
2,520
779
17,237
5,325
2,119
655
4,298
1,328
4,727
1,460
1,881
581
9,039
2,793
2,194
678
886
274
2,708
837
3,704
1,144
7,894
2,439
125,325
2,228
127,553
5,335
4,485
9,098
10,005
3,982
19,133
4,645
1 ,875
5,732
7,840
16,709
--
4,485
--
9,098
--
10,005
--
3,982
--
19,133
--
4,645
_-
1 ,875
--
5,732
-7,840
16,709
4,856
413
52
385
- 309
6,090
9,765
749
27
637
-1,062
11,215
10,738
3,024
99
486
+ 468
16,293
4,297
1,865
19
628
-1,130
6,262
20,545
1,573
17
1,767
- 1,813
23,998
4,990
697
14
264
-502
6,072
2 ,014
618
28
260
- 277
2 ,895
6,191
1,381
22
407
-1- 347
9,065
8,451
1,275
15
517
+ 579
11,684
17,927
560
67
1,269
+ 64.8
22,007
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
Interdistrict settlement account
TOTAL ASSETS
138,239
14,250
480
9,669
-01 177,495
{
5,335
36,486
2,228
38,714
1
5,726
433
98
273
+ 354
7,886
42,739
1,662
22
2,776
+2,697
54,028
—
—
—
—
—
--
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.
million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 250
million securities loaned-fully secured
2 Net of $ 3,534
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 $58 m i l l i o n in Treasury B i l l s maturing w i t h i n 90 days.
* Estimated (Cleveland D i s t r i c t ) .
H.4.1 (c)
STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON
Millions of dollars
Total
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 accrued
dividends 1
TOTAL LIABILITIES
CAPITAL ACCOUNTS
Capital paid in
Surplus
Other capital accounts
TOTAL LIABILITIES AND CAPITAL
ACCOUNTS
FEDERAL RESERVE AGENTS'
ACCOUNTS
F.R. notes outstanding
Less - Held by F.R. Banks
F.R. Notes, Net
Collateral held against F.R. notes:
Gold certificate account
Special Drawing Rights certif. acct.
Other e l i g i b l e assets
U.S. govt and agency securities
Total collateral
December 2, 1981
Kansas
City
Dallas
San
Francisco
4,628
1,414
6,505
8,346
14,714
2,424
682
742
1,066
2,010
6,317
21
1
1,739
1,213
41
60
2,525
706
9
9
691
b80
751
592
12
2
1,080
1,244
17
1
2,028
949
45
2
6,364
193
180
16,131
141
6,050
877
23,574
84
5,983
36
2,793
105
8,934
167
11,490
260
21,531
96
95
33
66
62
34
97
90
25
180
177
67
37
36
16
47
38
17
57
52
22
84
74
36
209
194
73
6,090
11,215
16,293
6,262
23,998
6,072
2,895
9,065
11,684
22,007
43,784
5.201
38,583
7,497
2.347
5,150
10,030
1.000
9,030
13,114
1.055
12,059
5,325
2.368
2,957
21,210
1,744
19,466
5,619
991
4,628
2,035
621
1,414
7,885
1.380
6,505
10,164
1.818
8,346
16,911
2.197
14,714
3,161
951
531
141
805
253
1,147
288
436
98
1,371
519
450
129
189
48
534
154
628
192
1,083
380
34,471
38,583
4,478
5,150
7,972
_940_30
10.624
12,059
2.423
,2,957
17.576
19,466
1.177
1,414
5.817
6 , $05
7.526
8,346
13.251
14,714
New York
129,621
6,769
27,546
3,702
303
661
32,212
9,856
657
Philadelphia
Cleveland
38,583
5,150
9,030
12,059
548
1,455
8
1
666
270
8,740
3,702
94
575
13,111
945
11
2,831
174,520
99
7,804
1,270
1,203
502
Estimated (Cleveland D i s t r i c t ) .
Richmond
Chicago
St. Louis
2,957
19,466
1,188
1,717
559
179
22
1
1,478
313
14
18
1,220
2,672
627
53,266
85
5,973
170
10,991
33
33
16
318
306
138
46
46
25
177,495
7,886
54,028
151,168
21,547
129,621
7,594
825
6,769
11,152
3,318
64
115.087
129,621
817
165
64
5.723
6,769
1 Includes exchange translation account reflecting the monthly revaluation at market
*
*
Minneapolis
Boston
Atlanta
exchange r a t e s of f o r e i g n exchange commitments.
4,049
4,628 __
@FedFRASER