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FEDERAL RESERVE Factors Affecting Reserves of Deposi Condition Statement of F.R. Banks ?*F^y t Institutions and H.4.1. For immediate release February 1 2 , 1982 • • • • • • ' » • i I i • H H ! » Pill, | Averages of daily figures (m llions of dollars) Change from week ended Wednesday February 3 , | February 1 1 , February 1 0 , 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 Week ended February 10, IQft? IQft? 1 1982 1981 2 1 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 Reserve balances with F.R. Banks 3 Total vault cash 1 (a) Vault cash at institutions with required reserve balances (b) Vault cash equal to required reserves at other institutions (c) Surplus vault cash at other institutions 4 Reserve balances + total vault cash 3 * 5 Reserve balances + total vault cash used to satisfy reserve requirements 5, 6 Required reserves 7 Excess reserve balances at F.R. Banks 5, 8 _ _ _ _ . 125,075 -9,053 --- 1,664 114 225 3,244 9,668 148,704 11,151 3,568 13,705 177,128 140,525 457 5,319 279 490 137 S f 0Q7 152,304 | - 265 3,676 + - 3 150 + + + + + - 466 183 4 13 519 71 4,153 + 179 + + + + 3,975 578 4 2,544 35 15 2 377 2,356 -- - 24,824 20,071 13,623 2,271 4,177 44,911 ! - 40,734 40,531 203 - + ! + - ! - 125,183 -- -* 314 9,046 -- -- --- --- 551 17 225 194 730 9,159 8 1,050 245 10,446 8,809 6 1,393 4 59 137 565 10,966 2,283 114 235 3,952 9.824 150,288 11,151 3,568 13,705 178,712 141,235 460 4,417 340 529 137 4,967 152,085 1,619 379 417 32 6 1,998 + + + + + + + + + + + + + + + | + + 520 1,329 681 1,571 923 715 26,627 20,071 13,623 2,271 4,177 46,714 2,004 1,801 203 + + + 1,638 1,605 33 42,537 40,531 2,006 -- , - 9,218 -- On February 10, 1982 t marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 96,024 million, a decrease of $ 3 , 7 5 9 million for the week. 1 Net of $1,751 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 1 , 7 5 1 million was with foreign official and international accounts. Includes securities ioaned-fully secured by U.S. Government securities. 2 Net of $ 1,612million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 1,612 million was with foreign official and international accounts. Includes $ 168 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 $ 16 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 8 * Beginning with the week ended December 23, 1981, reserves aggregates have been reduced by shifts of reservable liabilities to International Banking Facilities (IBFB). On the basis of reports of liabilities transferred to IBFs by U.S. commercial banks and U.S. agencies and branches of foreign banks, it is estimated that the cumulative effect through the week of February 10 was to lower required reserves by $180 to $230 million. 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). H.4.1 (a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS Millions of dollars * ASSETS Gold certificate account Special Drawing Rights certif. acct. Coin Loans Wednesday February 10, 1982 11,151 3,568 428 2,283 Change since Wednesday Wednesday February 3. 1982 February 11, 1Qftl + + + 12 483 4- 8 1,050 49 1,246 Acceptances596 Held under repurchase aggreements Federal agency abligationsBought 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 9,046 — (2,324 ) (2,324 ) 46,804 59,978 18,401 125,183 - — II 125,183 136,512 9,392 503 9,321 170,875 LIABILITIES Federal Reserve notes Deposits: 128,418 Depository institutions U.S. Treasury—general account Foreign—official accounts Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 26,764 4,417 340 529 32 ,050 5 ,440 2 ,096 168,004 4 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts (2,324 ) (2,324 ; 307 _ 1,289 1,278 304 406 405 — — - + + - 405 7,354 7,759 8,286 841 1 114 9,000 — + + + + + + _ + _ + 891 - + + — + + 7,414 1,159 66 13 8,494 924 531 9,058 2 — 56 5,269 1,260 1,508 8,037 — 8,037 9,590 1,933 45 799 7,896" 8,499 - + + 1,804 949 73 105 677 185 58 7,695 + + + 79 75 47 + + + - * 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 $1,612 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 168 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 $ 42 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 A N D SECURITIES, February 10, 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 Acceptances Loans Holdings | Weekly changes Holdings | Weekly ch anges Within 15 days 2,207 — _ 5,249 5,782 135 349 16 days to 90 days 76 21,587 — _ 1,727 572 136 91 days to 1 year 33,987 250 — — _ + 1,378 47 Over 1 year to 5 years 35,974 — — 5,428 24 + Over 5 years to 10 years 11,752 — 960 Over 10 years 16,634 — —_ — 573 Total 125,183 2,283 7,759 9,046 — ~414~ H.4.1 (b) S T A T E M E N T O F C O N D I T I O N OF EACH FEDERAL RESERVE BANK O N F e b r u a r y 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 Total bought outright 2 Held under repurchase agreements Total U.S. government securities Total loans and securities Cash items in process of collection Bank premises Other assets 3 T O T A L ASSETS 1 Boston New York 10, 1982 Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas San Francisco 11,151 3,568 1,017 189 3,160 1,072 531 143 805 243 1,147 326 436 85 1,171 528 450 123 189 40 534 180 628 234 1,083 405 428 2,283 26 45 23 983 24 84 41 217 52 262 50 79 26 126 29 95 17 73 35 184 33 86 72 49 9,046 385 2,634 324 657 722 287 1,381 335 135 414 566 1,206 -- -- -- '- -- 46,804 — 1,993 13,626 1,675 3,398 3,736 1,487 7,145 1,734 701 2,140 2,928 6,241 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 2,453 125,183 5,329 36,444 4,480 9,088 9,994 3,978 19,110 4,639 1,873 5,725 7,832 16,691 36,444 -- 4,480 -- 9,088 -- 9,994 -- 3,978 -- 19,110 -- 4,639 -- 1,873 -- 5,725 ~" 7,832 "~ 16,691 40,061 1,316 23 2,832 + 4,946 53,433 4,888 587 52 382 -272 6,335 9,962 357 27 635 -1,602 10,468 10,978 2,158 100 548 - 100 15,209 4,344 1,572 34 544 -1,418 5,647 20,617 1,060 18 1,284 -1,933 22,771 5,069 646 14 281 -1,146 5,466 2,081 388 28 253 - 461 2,535 6,323 1,310 22 402 + 95 8,901 8,484 1,135 14 558 + 447 11,533 17,946 743 73 1,318 +1,323 22,963 __ __ 125,183 5,329 136,512 11,716 503 9,321 -0173,199 5,759 444 98 284 + 121 7,938 -" -" ~" *~ 1 Does not include U.S. government and federal agency securities resold under matched sale-purchase transactions t o foreign official and international accounts, of which $ - 0 - million was outstanding at the end of the latest statement week. 2 Net of $ 1,612 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $168 million securities l o a n e d - f u l l y secured by U.S. government securities. 3 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. I n c l u d e s s p e c i a l i n v e s t m e n t a c c o u n t a t C h i c a g o o f $42 m i l l i o n Kansas City "" i n T r e a s u r y B i l l s m a t u r i n g w i t h i n 90 d a y s . H.4.1 (c) STATEMENT OF C O N D I T I O N OF EACH F E D E R A L RESERVE BANK ON February 10, 1982 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 a c c r u e d dividends TOTAL LIABILITIES C A P I T A L ACCOUNTS Capital paid in Surplus Otner capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS F E D E R A L RESERVE AGENTS' ACCOUNTS F.R. notes outstanding Less - H e l d 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 assets U.S. govt, and agency securities Total collateral 128,418 Boston 6,801 New York 39,528 Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco 5,074 8,770 12,034 2,449 19,042 4,228 1,417 6,485 8,490 14,100 965 1,050 823 1,793 2,447 631 597 1,169 1,987 7,725 974 91 17 1 1,068 261 11 24 858 1,991 17 5 1,815 1,062 31 45 2,523 474 6 1 638 435 8 1 606 380 10 1 1,180 1,009 14 7 2,008 709 36 1 7,762 360 26,764 4,417 340 529 32,050 7,764 719 247 6,864 4,417 175 443 11,899 745 2,096 170,328 92 7,859 529 52,701 80 6,219 155 10,254 170 15,053 115 5,441 326 22,365 79 5,380 33 2,436 99 8,773 137 11,344 281 22,503 1,289 1,278 304 34 33 12 322 319 91 53 53 10 97 96 21 66 66 24 98 97 11 180 180 46 38 37 11 47 47 5 58 57 13 86 84 19 210 209 41 173,199 7,938 53,433 6,335 10,468 15,209 5,647 22,771 5,466 2,535 8,901 11,533 22,963 150,557 22,139 128,418 7,876 1,075 6,801 43,866 4,338 39,528 7,312 2,238 5,074 9,721 951 8,770 13,454 1,420 12,034 5,028 2,579 2,449 21,056 2,014 19,042 5,508 1.280 4,228 1,909 492 1,417 7,949 1,464 6,485 10,357 1,867 8,490 16,521 2,421 14,100 11,151 3,568 1,017 189 3,160 1,072 531 143 805 243 1,147 326 436 85 1,171 528 450 123 189 40 534 180 628 234 1,083 405 113,699 128,418 5,595 6,801 35.296 39,528 4,400 5,074 7,722 8,770 10,561 12,034 1.928 2,449 17,343 19,042 1,188 1,417 5,771 __6^485 7,628 8*490 12,612 14 J . 00 713 6 1 Includes exchange translation account reflecting the monthly revaluation at market Philadelphia 9 exchange r a t e s o f f o r e i g n exchange commitments. 3,655 4,228 _
@FedFRASER