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.''ol^oy* FEDERAL RESERVE Factors Affecting Reserves of Depository Institutions and Condition Statement of F.R. Banks ?f^P?:- H.4.1. For immediate release January 22, 1982 1 Reserves of depository institutions, Reserve Bank credit, and related items Reserve Bank credit: U.S. government securit es— Bought 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 January 20, 1982 1 Averages of daily figures (millions of dollars) Wednesday Change from week ended January 20, January T T January 2 1 , 1982 1QR? 1QB1 2 125,437 416 + 1,886 416 + + 5,684 217 124,872 2,915 9,082 23 + 18 23 + + 343 8 9,057 160 + 4+ + + + 60 50 17 1 2,651 158 1,354 + 7 + 1,360 1,385 1 643 196 10 3 11 934 28 469 53 19 3,112 253 9,176 9 800 262 10,230 9,070 8 603 30 202 128 417 10,053 417 3,682 76 192 6,579 10,084 157,766 11,151 3,318 13.705 185,940 141,451 445 3,661 264 543 128 5,272 151,764 60 950 70 195 6,762 Q 448 152,178 11,151 3,318 13,700 180,347 141,881 445 3,712 334 470 128 5,390 152,360 + + + + + + + + + + + + + + + 1 + + + 34,176 Reserve balances with F.R. Banks 3 27,988 + 2,295 + 179 20,970 20,970 Total vault cash + 272 + 726 14,447 14,447 + 381 + 111 (a) Vault cash at institutions with required reserve balances 2,235 2,235 + 1,535 91 (b) Vault cash equal to required reserves at other institutions 4,288 1,190 4,288 + 252 (c) Surplus vault cash at other institutions4 55,162 + 809 48,974 + 2,569 Reserve balances + total vault cash3'5 Reserve balances + total vault cash used to satisfy reserve 50,874 44,686 + 1,999 + 2,317 requirements ' ° 44,352 44,352 + 2,172 + 2,177 Required reserves 7 6,522 + 140 334 173 J Excess reserve balances at F.R. Banks5, ® ] On January 20, 1982 , marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 95,430 million, a decrease of $ i , 3 7 6 million for the week. 1 Net of $ 4,179 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ l,99^nillion was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. Government securities. 2 Net of $ 4,506million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 2,003 million was with foreign official and international accounts. Includes $ 155 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 7 Beginning with the week ended December 23, 1981, reserves aggregates have been reduced by shifts of reservafele liabilities to International Banking Facilities (IBFs). An estimate of the size of this impact will be published when available on the basis of reports of liabilities transferred to IBFs by U.S. commercial banks and U.S. agencies and branches of foreign banks. 8 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 Wednesday January 20, 1982 * ASSETS Gold certificate account Special Drawing Rights certif. acct. Coin Loans Acceptances- 11,151 3,318 392 3,682 Change since Wednesday Wednesday January 11>, 1982 January 2 i , 1981 8 800 33 2,333 + + 14 776 ~ + + 417 + 417 + 417 9,057 160 + 32 160 + + 318 160 46,493 59,978 18,401 124,872 2,915 127^787 141,103 14,428 500 9,584 180^476 - 574 + + + + + + + 574 2 ,915 2, 3 4 1 3 ,662 2 ,593 1 580 6 A 850 + + + + + + + + + + + 8,292 1,260 1,508 11,060 2,915 13,975 17,203 2,726 42 844 21^574 "••• — -.-* 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 ( 3,337) ( 3,337 ) 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 1,467 128,583 ( 1) ( 1> ( 3,336) ( 3,337) CAPITAL A C C O U N T S Capital paid in Surplus Other capital accounts .... ... 8,837 34,304 3,661 264 543 .38 772 7 849 2 L425 177,629 + + + + + + 6,646 426 11 95 7,156 1,195 24 6,860 + + + + + + + + 10,454 648 16 7 11,125 1,041 367 21,370 1,284 1,278 285 + 3 . 13 + + + 80 75 49 Figures in parentheses are the eliminations made in the consolidating process. 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. Net of $ 4,506 million matched sale-*purchase transactions outstanding at the end of the latest statement week. Include» $ 155 million securities loaned—fully secured by U.S. government securities. Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes special investment account at Chicago of $ 49 million in Treasury Bills maturing within 90 days. Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. MATURITY DISTRIBUTION OF LOANS A N D SECURITIES January 20, 1982 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 3,666 16 ----- 3,682 Acceptances 417 ------ 417 U.S. government securities Holdings | Weekly changes 7,030 + 4,844 21,265 2,196 35,081 307 36,025 -11,752 -16,634 -2,341 + 127,787 Federal agency obligations Holdings | Weekly changies 2h 643 1,413 5,404 960 573 ""9,217 + + + + 45 + 128 50 94 33 3 ... H.4.1 (b) S T A T E M E N T OF C O N D I T I O N OF EACH F E D E R A L RESERVE BANK O N J a n u a r y 2 0 , Millions of dollars Total ASSETS Gold certificate account Special Draw ng 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 Boston New Y o r k 1982 Philadelphia Cleveland Richmond Atlanta Chicago St. Louis 11,151 3,318 1,017 165 3,160 951 531 141 805 253 1,147 288 436 98 1,171 519 450 129 392 3,682 21 304 20 707 21 182 40 155 48 99 47 49 22 1,538 27 83 2,637 160 324 657 723 288 1,383 336 -- -- -- 417 Minneapolis 189 48 17 • 115 135 385 46,493 1,979 13,536 1,664 3,376 3,711 1,477 7,098 1,723 696 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 Total bought outright 2 Held under repurchase agreements 1 Total U.S. government securities 124,872 2,915 127,787 5,315 36,354 2,915 39,269 4,469 9,066 9,969 3,968 19,063 -5,315 -_ 4,469 -9,066 -9,969 -3,968 -19,063 Total loans and securities Cash items in process of collection Bank premises Other assets 3 Interdistrict settlement account T O T A L ASSETS 141,103 17,765 500 9,584 -0183,813 6,004 717 98 272 - 27 8,267 43,190 1,798 23 2,791 +3,624 55,557 4,975 1,012 52 386 - 367 6,751 9,878 879 27 609 -1,221 11,270 10,791 3,777 100 518 + 194 16,863 4,305 2,721 34 535 - 2,277 5,899 21,984 1,410 18 1,259 917 25,466 -- — — — — 534 154 628 192 1,083 380 33 73 29 236 67 141 414 567 1,208 -- -- 2,126 2,908 6,199 897 275 2,743 842 3,753 1,151 7,997 2,453 4,628 1,868 5,711 7,812 16,649 -4,628 -1,868 -5,711 -7,812 16,649 5,047 1,070 14 723 -1,433 6,027 2,118 503 28 245 419 2,729 6,198 1,321 22 390 + 884 9,536 8,615 1,501 14 570 + 829 12,378 17,998 1,056 70 1,286 + 1,130 23,070 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 $ 4 , 5 0 6 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 135 million securities loaned—fully 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 $49 m i l l i o n San Francisco Dallas 417 9,057 160 Notes Bonds 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 CONDITION 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 a n d a c c r u e d dividends * TOTAL LIABILITIES C A P I T A L ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS F E D E R A L RESERVE A G E N T S ' ACCOUNTS F.R. notes outstanding L e s s - 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 1 Includes exchange translation account reflecting January 20, 1982 Total Boston New York Philadelphia 128,583 6,804 39,369 5,033 34,304 3,661 264 544 38,773 11,185 937 6 1 944 346 9,363 3,661 101 453 13,578 1,072 2,425 180,966 95 8,189 1,284 1,278 285 Dallas San Francisco 6,565 8,512 14,323 775 1,628 2,642 7,273 8 783 416 10 2 1,640 1,103 14 1 2,657 •881 36 1 7,310 690 82 5,942 35 2,631 102 9,410 142 12,192 294 22,617 180 180 43 38 37 10 47 47 4 57 57 12 84 84 18 210 209 34 5,899 25,466 6,027 2,729 9,536 12,378 23,070 13,462 1,520 11,942 5,363 2,693 2,670 20,840 1.887 18,953 5,471 1,171 4,300 1,945 548 1,397 7,936 1,371 6,565 10,366 .. ._U?54 8,512 16,842 2,519 14,323 805 253 1,147 288 436 98 1,171 519 450 129 189 48 534 154 628 192 1,083 380 7,657 8,715 10,507 11,942 2.136 2,670 17,263 18,953 3,721 4,300 1,160 1,397 5,877 6,565 7.692 8,512 12,g60 14,323 Cleveland Richmond Atlanta Chicago St. Louis Minneapolis 8,715 11,942 2,670 18,953 4,300 1,397 1,032 1,747 1,475 1,621 5,054 757 9 1 1,042 479 16 1 1,764 415 11 28 1,514 3,074 16 4 1,641 1,277 31 51 5,136 636 6 1 764 796 810 54,829 81 6,635 162 11,056 178 16,708 106 5,694 338 25,063 33 33 12 322 319 87 53 53 10 96 96 22 66 66 23 98 97 10 183,813 8,267 55,557 6,751 11,270 16,863 150,755 22,172 128,583 7,836 1,032 6,804 43,601 4 L 232 39,369 7,365 2,332 5,033 9,728 1,013 8,715 11,151 3,318 1,017 165 3,160 951 531 141 114,114 128,583 5,622 6,804 35.258 39,369 4,361 5,033 monthly revaluation at market exchange r a t e s of f o r e i g n exchange commitments. Kansas City
@FedFRASER