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FEDERAL RESERVE Factors Affecting Reserves of Depository Institution Condition Statement of F.R. Banks H.4.1 and For immediate release January 9, 1981 Reserves of depository institutions, Reserve Bank credit, and related items Reserve Bank credit: U.S. Government securities-Bought outright—System account Held under repurchase agreements Federal Agency obligations-Bought outright Held under repurchase agreements Acceptances-Bought outright Held under repurchase agreements Loans-To depository Institutions Includes seasonal borrowing of: Averages of daily figures Week ended Change from week ended Wednesday January 7 December 3 lJ January 9, January 7, 1981* 1980 1980 1 1981*_,._ (In millions of dollars) 1 / 119,139 Float Other F.R. assets Total Reserve Bank credit Gold Stock Special Drawing Rights certif. acct. Treasury currency outstanding Currency in circulation Treasury cash holdings Treasury deposits with F.R. Banks Foreign deposits with F.R. Banks Ocl:er deposits with F.R. Banks Other F.R. l i a b i l i t i e s and capital Reserve balances with F.R. Banks 3/ Total vault cash (estimated) " 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 5/ Reserve balances + total vault cash used to satisfy reserve requirements 5/6/ Required reserves (estimated) Excess reserve balances at F.R. Banks 5/7/ 2,310 +2,041 +1,800 + 350 + 2,310 2/ - 117,331 523 311 8,739 387 50 854 93 _ 1,619 + 2,762 + 5,293 40 + 471 + + 6,523 7,258 8,070 142,252 11,161 2,518 13,427 169,358 +11,270 135,550 8,739 311 77 1,117 112 5,991 8,390 146,266 11,161 2,518 13,427 173,372 136,111 - - 3 ,058 154 409 - + - + 449 + 2,979 + 373 653 4,903 145,467 + 27,905 17,841 + 12,498 510 4 - -- 607 1 198 801 4 307 2 237 46 825 628 641 + + + 718 + + 17 167 1 221 162 + + + _ 5,314 N/A 24,507 17,841 + 1,930 12,498 - N/A 700 - 185 14 N/A N/A 4,643 42,470 41,225 40,374 + 851 + 171 184 355 456 700 4,643 45,868 - - 3,446 4,169 + 723 1/ Net of $3,415 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $3,033 million was with foreign o f f i c i a l and international accounts. Includes securities loaned—fully secured by U.S. Government s e c u r i t i e s . 2/ Net of $5,006 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $2,328 million was with foreign official and international accounts. Includes $196 million securities loaned—fully secured by U.S. Government securities. V Includes a l l reserve balances of depository institutions. 4/ Total vault cash at institutions without required reserve balances less vault cash equal to their required reserves. 5/ Adjusted to include $122 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19 1975. bj Reserve balances with Federal Reserve Banks 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 plus vault cash used to satisfy reserve requirements less required reserves. (This measure of excess reserves i s comparable to the old excess reserve concept published h i s t o r i c a l l y . ) Vault cash and required reserves are partially estimated. Estimated (Cleveland D i s t r i c t ) . ** Estimated (Treasury's Figures). 257 541 4,836 144,851 +11,836 On January 7, 1981, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $92,871 million, an increase of $1,076 million for the week. * 450 3,217 - 37,827 40,374 2,547 H.4.1 (a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS Millions of dollars Change since • Wednesday** * January 7, 1981 ASSETS Gold certificate account Special Drawing Rights certif. acct. Coin Loans Acceptances- held under repurchase agreements Federal agency o b l i g a t i o n s Bought o u t r i g h t Held under repurchase agreements 1 U.S. government s e c u r i t i e s : Bought o u t r i g h t - B i l l s Certificates-Special Notes Bonds T o t a i bought o u t r i g h t 2 Held under repurchase agreements 1 Total US. government securities Totai ioans 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 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts 11,161 2,518 389 854 December 3 1 , 1980 --- - 525 -- 41,720 - 1,968 - 4,872 58,718 16,893 117,331 --- + 2,224 -1- 2,340 308 -- (3,243> '3,243) U,243) 11 718 16 396 8 955 776 8,739 (.3,243) + - -- ** January 9. 1980 -- -+ 523 -- 1,968 2,029 117.331 126,924 14,456 456 7.614 163,518 3.997 T" 6,253 + 1,902 1 . - 667 5,027 308 18l 292 + 48 + 2.717 + 2,983 122,962 - 1,279 +10,807 24,507 3,217 257 541 28,522 7,198 2.181 160,863 . 2,949 + 155 . 154 76 « 3,024 - 7,700 255 42 + 217 - 7,780 + 27 \f>L + 2,890 1,203 1,203 249 „ .. ~ 889 84 5,276 -- + + 249 57 58 22 * 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 $5,006 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 196 mill ion securities loaned—fully secured by U.S. government securities. 3 Includes assets denominated in foreign currencies, revalued monthly at market exchange r a t e s . 4 Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. ** Estimated (Cleveland D i s t r i c t ) . MATURITY DISTRIBUTION OF LOANS AND SECURITIES , JANUARY 7, 1981 Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements. Federal agency obligations U.S. government securities Acceptances Loans Holdings | Weekly changes Holdings | Weekly changes Within 15 days 768 -1,931 -2,849 31 -674 16 days to 90 days 86 21,652 -1,847 582 +156 -91 days to 1 year 30,886 + 699 1,508 - 11 -.. Over 1 year to 5 years 34,505 4,862 + 25 ---Over 5 years to 10 years 13,355 1,071 - 21 .- . -... Over 10 years 15.002 ... :LL 685 854 Total 117,331 -3,997 8,739 -525 H.4.1 (b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON 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 1 Total U.S. government securities Boston JANUARY 7, 1981 New York Philadelphia U Cleveland Cash items in process of collection Bank premises Other assets 3 Interdistrict settlement account TOTAL ASSETS Atlanta Chicago St. Louis Minneapolis (Estimated Cleveland D i s t r i c t ) . Dallas San Francisco 577 128 3,013 665 560 121 847 201 961 229 465 79 1,722 411 465 106 225 42 501 111 572 132 1,253 293 389 854 27 25 22 58 19 42 48 96 42 46 37 23 19 220 25 24 13 31 44 116 31 54 62 119 -- -- -- -- -- -- -- -- — -- -- — -- 8,739 399 2,272 379 660 718 317 1,373 156 409 519 1,186 -- -- -- -- -- -- -- -- -- -- -- -- 41,720 1,906 10,844 1,811 3,152 3,427 1,512 6,556 1,676 745 1,955 2,476 5 } 66u 58,718 16.893 2,682 772 15,263 4.391 2,549 733 4,436 1.276 4,823 1.387 2,128 612 9,227 2.654 2,359 679 1,049 302 2,752 792 3,485 1,003 7,965 2,292 117,331 5,360 30,498 5,093 8,864 9,637 4,252 18,437 4,714 2,096 5,499 6,964 15,917 -- -- -- -- -- -- -- -- -- -- -- __ 117,331 5,360 30,498 5,093 8,864 126,924 17,699 456 7,614 -0- ' 166,761 5,784 614 99 • - 11 \ 7,241 32,828 2,363 2D 4:B849,425 351 — -- 9,637 4,252 18,437 4,714 2,096 5,499 6,964 15,917 10,401 2,772 89 468 - 336 14,626 4,592 2,434 35 20,030 1,946 16 5,089 857 14 •\M" -6,306 ffl- 2,283 937 28 241 - 6?3 3,106 6,024 1,453 22 342 49 8,448 7,537 1,147 13 467 + 334 10,733 17,222 1,584 43 634 -1,126 _JL9_r963 i 5,514 676 53 9,620 916 24 6,357 11,642 . m .-m .xjlf 6^48, 77,866 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 $ 5,006 million matched sale-purchase transactions outstanding at the end of the latest statement week, fncludes $ 196 million securities loaned—fully secured by U.S. government securities. 3 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. * Kansas City 11,161 2,518 1 Total loans and securities Richmond H.4.1 (c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON January 7, 1981 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 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 L e s s - h e l d by F . R . Banks F.R. n o t e s , n e t 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 Boston New York- Philadelphia 122 ,962 ,6,119 35,586 '5,191 24 ,507 3 ,217 257 541 28",522 10,441 623 635 7 4 634 312 7,835 3,217 66 407 11,525 1,146 2 ,181 164 ,106 99 7,164 479 48,736 1 ,203 1 ,203 249 33 33 11 166 ,761 -- . -- Atlanta 9>15 10,722^ - 3,370^ 1,316 1,134 i;456 -- -- Estimated (Cleveland District). 1^304^ 2 ,116 - — St. Louis -• 4 Minneapolis 7 ,051 13 ,919 651 439 1 ,189 2 ,189 4 ,924 -- -a -- -- 8 2:2 681 652 745 m 94 6,254 198 11,447 195 14,482 112 6,360 344 22,473 94 6",224 41 3,026 306 306 77 46 46 11 95 95 5 62 62 20 90 90 8 177 177 39 36 36 10 7,241 49,425 6,357 11,642 14,626 6,548 22 ,866 140 ,256 17 ,294 122 ,962 6,995 876 6,119 38,714 3,128 35,586 6,508 1,327 5,181 10,248 833 9,415 12,033 1,311 10,722 5,630 2,260 3,370 U 161 2 518 577 128 3,013 665 560 121 847 201 961 229 465 79 zm:!^T" — -- -- -- — — 3.1.908, 4.500 8,367 9,532 2,826 ,6.1 Iff 35,58ff 5,181 9,415 101722 3; 370 San Francisco 5 ,709 37 "16 2", 1 6 9 656 5,414 Dallas 1,789 V . 20 \ 8 1,484 1,394 -- Kansas City ,797 13 16 1,161 2,404 I /Includes exchange translation account reflecting the monthly revaluation at market rates of foreign exchange commitments. * — Chicago 21 22 1,359 475 109 ,283 10 _ 13 658 321 ' Cleveland * Richmond • 1-5 -- 8 ,212 679 41 17 4",982 340 100 ,332 128 10",070 297 19 ^538 38 38 4 52 52 12 74 74 15 194 194 37 6 ,306 3,106 8 ,448 10 ,233 19 ,963 21 , 0 6 1 1 ,757 19 ,304 5 ,601 804 4 ,797 2,258 469 1,789 6 ,748 1 ,039 5 ,709 8 ,253 1 ,202 7 ,051 16 ,207 2 ,288 13 ,919 1 ,722 411 465 106 225 42 501 111 572 132 1 ,253 293 -- 17 , 1 7 1 "~TT,304 -- 4 ,226 t ,797 4 -- 1,522 I77t9 11 6 ,206 1 ,317 r __ — 5 ,097 5_,709 _ _ : — 6 ,347 7_,051 -- 12 , 3 7 3 13 ,919