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FEDERAL RESERVE T Factors Affecting Reserves of Depository Institutions and Condition Statement of F.R. Banks H.4.1. ?f^LW-' For immediate release October 9, 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 Bought 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 October 9, 1981 1 121,883 Averages of daily figures (millions of dollars) Change from week ended 1 Wednesday September 3 U , | uctooer o, October 7, 1981 1980 j 1981 1 - -- 1,473^ -- 8,661 -- --- --- --- 1,146 156 413 4,057 9.155 144,902 11,152 3,318 13,636 173,008 137,931 454 3,545 378 664 65 5.214 148,252 + + + - 302 77 26 1,299 309 167 --- + + 6 161 530 + + + + + - 124 87 57 2 240 927 -- + - 3,646 2,413 116,307 - 118 575 8,661 + + + + + + + + + + + + + + + . 327 103 107 413 910 3,839 4,859 15 50 290 5,184 7,939 10 243 79 381 65 582 9,280 ._ --- --1,560 109 419 3,333 9,228 139,089 11,152 3,318 13,640 167,199 138,816 450 3,665 214 630 65 4,766 148,606 4,097 18,593 24,755 1<089 Reserve balances with F.R. Banks 3 N/A 227 19,391 19,391 Total vault cash (estimated) 3,361 (a) Vault cash at institutions with required reserve balances 13,323 130 13,323 + N/A 2,144 52 (b) Vault cash equal to required reserves at other institutions 2,144 (c) Surplus vault cash at other institutions4 3,924 N/A 45 3,924 44,184 Reserve balances + total vault cash3*5 N/A 1,318 38,022 Reserve balances + total vault cash used to satisfy reserve 5 6 40,260 requirements ' 1,273 872 34,098 Required reserves 40,105 904 675 40,105 155 369 197 6,007 Excess reserve balances at F.R. Banks5, 7 - . On October 7, 1981 t marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 90,842 million, a decrease of $ 620 million for the week. 1 Net of $4,899 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 2,214million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. Government securities. 2 Net of $ 10,451million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 1,893 million was with foreign official and international accounts. Includes $ 205 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 $ 38 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.) * 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 October 7 , 1981 ASSETS Gold certificate account Special Drawing Rights certif. acct. Coin Loans September 3 0 , 1981 11 ,152 3 318 402 1 560 October 8, 1980 14 50 13 937 2 926 AcceptancesHeld 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 8,661 (2,652 ) (2,652 ) LIABILITIES F e d e r a l Reserve n o t e s 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 3) 3 ) |C,649 ) (2,652 ) CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts 118 38,907 59,429 17,971 116,307 8,023 8,023 - 116,307" 126,528 9,662 488 8,740 160,290 8,023 8,949 162 1 70 9,178 - 2,755 726 1,163 866 + + -866 47 820 36 3,724 2,916 + + + 126,028 978 18,658 3,665 214 630 23 ,167 6 329 1. 936 157,460 8,585 145 206 213 8,859 684 504 9,069 1,258 1,203 369 1 + + 110 + 7,692 - 5,459 334 58 344 4,839 331 139 2,661 + + + + 74 58 123 F i g u r e s i n p a r e n t h e s e s a r e t h e e l i m i n a t i o n s made i n t h e c o n s o l i d a t i n g p r o c e s s . Does not i n c l u d e U . S . government and f e d e r a l agency s e c u r i t i e s r e s o l d under matched s a l e - p u r c h a s e t r a n s a c t i o n s to f o r e i g n o f f i c i a l and i n t e r n a t i o n a l a c c o u n t s , of which $ - 0 - m i l l i o n was o u t s t a n d i n g a t t h e end of t h e l a t e s t s t a t e m e n t week. Net of $10,451 m i l l i o n matched s a l e - p u r c h a s e t r a n s a c t i o n s o u t s t a n d i n g a t the end of t h e l a t e s t statement week. Includes $ 205 m i l l i o n s e c u r i t i e s l o a n e d — f u l l y secured by U.S. government s e c u r i t i e s . I n c l u d e s a s s e t s denominated i n f o r e i g n c u r r e n c i e s , r e v a l u e d monthly at market exchange r a t e s . Includes s p e c i a l investment account a t Chicago of $ 74 m i l l i o n i n Treasury B i l l s maturing w i t h i n 90 d a y s . I n c l u d e s e x c h a n g e - t r a n s l a t i o n account r e f l e c t i n g the monthly r e v a l u a t i o n a t market exchange r a t e s of f o r e i g n exchange commitments. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, October 7, 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 1,473 87 ----1,560 Acceptances — ------- U.S. government securities Holdings | Weekly changes 4,577 + 359 18,166 - 6,639 31,153 1,743 34,689 -11,519 -16,203 .116,307 - 8,023 Federal agency obligations Holdings [ Weekly changes 136 621 1,596 4,730 977 601 8,661 + ~ 64 99 35 «.» « ™ - — HAJ (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: Sought 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 Interdistrict settlement account TOTAL ASSETS Boston October 7, New York 1981 Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas San Francisco 11,152 3,318 817 165 3,161 951 531 141 805 253 1,147 288 436 98 1,371 519 450 129 189 48 534 154 628 192 1,083 380 402 1,560 23 70 23 359 19 41 46 6 44 44 53 12 18 782 26 14 15 118 30 84 30 27 75 3 ... -- -- «- -- -- -- -- __ -- -- -- -- 8,661 369 2,521 310 629 691 275 1,322 321 130 396 542 1,155 -- -- -- -- -- -- -- -- -- -- -- -- -- 38,907 1,656 11,327 1,392 2,825 3,106 1,237 5,940 1,442 582 1,779 2,434 5,187 59,429 17,971 2,530 765 17,301 5,232 2,127 643 4,314 1,305 4,744 1,435 1,888 571 9,073 2,743 2,203 666 889 269 2,718 822 3,718 1,124 7,924 2,396 116,307 4,951 33,860 4,162 8,444 9., 285 3,696 17,756 4,311 1,740 5,319 7,276 15,507 ""116,307 -- -_____ 33,860 4,162 ~8744T~ 126,528 12,314 488 8,740 -0162,942 5,390 469 98 276 + 167 __Z!_05_ 36,740 1,410 22 2,365 + 3,356 48,028 4,513 413 52 370 - 265 5,774 9,079 543 26 630 - 442 10,940 -- -- -- 9,285 3,696 17,756 4,311 1,740 ' 5,319 7,276 ~~ "Z 15,507 10,020 2,403 97 512 + 741 15,252 3,983 1,649 36 534 -1,032 5,757 19,860 1,396 17 1,318 - 647 23,852 4,646 553 14 265 - 284 "5,799 1,988 619 28 224 - 451 2,660 ~ 5,799 1,163 22 373 + 511 8,586 7,845 1,173 14 556 + 289 10,727 16,665 523 62 1,317 - 1,943 18,162 -- -- ... -- -- 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 $ 10,451 million matched sale-purchase transactions outstanding at the end of the latest statement week, includes $ 205 million securities loaned-fully secured , i j y 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 investment account a t Chicago of $74 m i l l i o n days. Kansas City -- i n Treasury B i l l s m a t u r i n g w i H.4J (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 TOTAL LIABILITIES Boston October 7, 1981 New York 126,028 18,658 6,309 621 3,665 214 633 23,170 8,978 6 1 628 294 3,665 55 505 8,337 964 1.936 160,112 95 7,326 321 47,302 37,680 4,112 Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco 4,919 422 9,027 1,188 11,607 967 2,713 1,476 19,500 2,905 4,604 564 1,389 603 6,273 962 8,066 1,568 13,941 3,270 8 11 28 1,006 2,308 16 3 1,495 1,248 32 78 3,015 591 6 1 571 457 7 430 240 17 1 1,206 332 610 526 9 2 973 1,113 13 1 1,582 747 34 13 3,317 158 80 5,669 160 10,725 176 15,097 97 5,553 339 23,445 81 5,713 35 2,560 101 8,460 150 10,545 301 17,717 82 74 26 201 194 *50 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1,258 1,203 369 33 33 13 316 306 104 47 46 12 96 95 24 66 62 27 97 90 17 180 177 50 37 36 13 47 38 It 56 52 18 162,942 7,405 48,028 5,774 10,940 15,252 5,757 23,852 5,799 2,660 8,586 10,727 18,162 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding L e s s - H e l d by F.R. Banks F r R . Notes, Net 149,941 23.913 126,028 7,430 1.121 6,309 43,394 5.714 37,680 7,692 2.773 4,919 10,073 1.046 9,027 12,798 1.191 11,607 5,322 2.609 2,713 21,449 1.949 19,500 5,614 1,010 4,604 2,060 671 1,389 7,753 1.480 6,273 9,932 1.866 8,066 16,424 2.483 13,941 11,152 3,318 204 111,354 126.028 817 165 8 5,319 6.309 3,161 951 531 141 805 253 436 98 1,371 519 450 129 189 48 534 154 628 192 1,083 380 33,568 37*680 4,247 4,919 1,147 288 196 9,976 11.607 2,179 2.713 17,610 19.500 4,025 ___4.604 1,152 5,585 7,246 - 8.D66 12,478 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 ._ 7,969 9.027 1 Includes exchange translation account reflecting the monthly revaluation at market exchange r a t e s o f f o r e i g n exchange commitments. _ 6.273 13,941
@FedFRASER