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-•oo^o;/ FEDERAL RESERVE •^LW*'- Factors Affecting Reserves of Depository Institutions and Condition Statement of F.R. Banks For immediate release H.4.1. September 1 1 , 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 Reserve balances with F.R. Banks 3 Total vault cash (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 institutions4 Reserve balances + total vault cash 3 - 5 Reserve balances + total vault cash used to satisfy reserve requirements 5, 6 Required reserves Excess reserve balances at F.R. Banks 5, 7 Averages of daily figures (millions of dollars) Wednesday Change from week ended Week ended September 9 , September ~2"j September 1 0 , September 9 , 1981 1981 1981 1980 2 1 1,324 123,583 + 8,694 1,585 217 236 2,277 8,226 144,365 11,154 3,068 13,620 172,207 138,994 450 2,767 346 475 1 50 4,820 147,901 24,306 19,160 13,146 2,068 3,946 43,514 39,568 39,307 261 + + + + + + + + + + + + 137 29 46 474 563 2,224 8 2,216 1,020 4 652 51 104 5 29 350 2,566 471 441 609 579 2,095 + + + + + + + + + + + + + 4- 1,516 1,524 + 8 + 5,023 124,572 166 8,694 991 203 179 3,719 3,189 5,317 17 200 292 5,392 1,716 216 255 162 11^230 146,374 11,154 3,068 13,620 174,216 8,785 18 266 5 110 50 38 7 139,844 450 3,471 254 492 50 5,172 9,053 3,661 N/A 3,146 N/A N/A N/A 149,733 24,483 19,160 13,146 2,068 3,946 43,691 656 739 83 39,745 39,307 438 On September 9 , 1981 , marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $ 9 2 , 5 6 9 million, an i n c r e a s e of $732 m i l l i o n f o r the week. 1 Net of $ 1,873 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 1 , 244 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. Government securities. 2 Net of $ 1 , 1 4 9 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 1,149 million was with foreign official and international accounts. Includes $ 995 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 $ 48 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) C O N S O L I D A T E D S T A T E M E N T OF C O N D I T I O N OF A L L F E D E R A L RESERVE B A N K S Millions of dollars Change since * ASSETS Gold certificate account Special Drawing Rights certif. acct. Coin Loans Acceptances- Wednesday September 9 , 1981 September 11,154 3,068 373 1,716 Held 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 T O T A L ASSETS 2 , 1981 September 1 0 , 1980 8 569 _ + 16 200 ?1 726 8,694 88 - 345 + + + _ 345 -1- 124,572 134;982 7,787 485 10 ? 745 16 8 , 5 9 4 345 914~ 1,504 1 2,739 314 4. _ + + + + + + 12 7, 047 + 1,221 + 8,923 24,533 3,471 254 492 28,750 7,625 2,333 165,755 _ _ _ . + + + 2,684 307 32 49 3,072 1,581 534 264 _ + 2, 922 443 18 71 2,421 1,336 601 47,172 59,429 17,971 124,572 j (3,172) (3,172) 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 ( 364 ) ( 364 :) (2,808 ) (3,172 ) C A P I T A L ACCOUNTS Capital paid in Surplus Other capital accounts 1,256 1,203 380 + + + + + --- + + + 50 + 4,959 726 1,163 6 84-8 ~5,~8ig~ —TASKS' 4,656 36 6,079 ~8T7C%~ 8,43<r 75 58 136 * F i g u r e s i n p a r e n t h e s e s are the e l i m i n a t i o n s made i n the c o n s o l i d a t i n g p r o c e s s . 1 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 $ 995 m i l l i o n was 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 s t a t e m e n t week. 2 Net of $ l , 1 4 9 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 at the end of the l a t e s t statement week. Includes $ 155 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 . 3 Includes 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 , revalued monthly at market exchange r a t e s . 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 i n Treasury B i l l s maturing w i t h i n 90 days. 4 Includes 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, September 9, 1981 Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements. Within 15 days 16 days t o 90 days 91 days t o 1 year Over 1 year t o 5 years Over 5 years t o 10 years Over 10 years Total U.S. government securities Holdings | Weekly changes Loans Acceptances 1 , 138 5.78 ------ 6,619 23,853 31,660 34,718 11,519 16,203 + + - 269 1,028 1,642 -- 124,$71 - 345 ---1,716 -~~ Federal agency obligations | Weekly changes Holdings 133 629 1,690 4,626 8,694 „_ -— -"~ ~~ H.4.1 (b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON September 9, 1981 Millions of dollars Total ASSETS Gold certificate account Special Drawing Rights certif. acct. Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco 11,154 3,068 817 153 3,163 879 531 130 805 234 947 266 436 91 1,571 480 450 119 189 45 534 142 628 178 1,083 351 373 1,716 22 82 23 260 14 194 46 24 42 154 48 25 14 149 24 54 13 71 30 160 29 38 68 505 8,694 370 2,531 311 631 694 276 1,328 322 130 398 544 1,159 47,172 2,008 13,733 1,688 3,425 3,766 1,499 7,201 1,748 706 2,157 2,952 6,289 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 Total bought outright 2 Held under repurchase agreements 1 Total U.S. government securities 124,572 5,303 36,266 4,458 9,044 9,945 3,958 19,017 4,617 1,864 5,697 7,794 16,609 124,572 5,303 36,266 4,458 9,044 9,945 3,958 19,017 4,617 1,864 5,697 7,794 16,609 Total loans and securities Cash items in process of collection Bank premises Other assets 3 Interdistrict settlement account TOTAL ASSETS 134,982 10,959 485 10,745 -0171,766 5,755 326 99 370 - 265 7.277 39,057 2,261 21 3,417 + 6,064 54,885 4,963 292 52 344 - 221 6,105 9,699 405 26 690 -1,136 10.769 10,793 2,052 96 458 + 487 15.141 4,259 1,826 36 766 -1,576 5,886 20,494 24 17 1,889 - 1,462 23,027 4,993 652 14 246 - 509 5,989 2,065 623 28 249 - 401 2,811 6,255 1,419 22 35 3 + 58 8,813 8,376 564 15 577 4- 455 10,822 18,273 515 59 1,386 - 1,494 2Q1241__ Com 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 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 t 995 million was outstanding at the end of the latest statement week. 2 Net of $ 1,149 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 155 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 $74 m i l l i o n in Treasury B i l l s maturing within 90 days. 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 * 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 Boston September 9, 1981 New York Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco 127,047 6,353 38,059 4,839 9,151 11,626 2,680 19,732 4,723 1,434 6,253 7,971 14,226 24,533 3,471 254 .856 29,114 10,433 436 795 760 1,072 1,150 1,677 525 373 841 1,635 4,973 7 8 451 297 10,296 3,471 62 430 14,259 1,766 10 17 822 258 20 28 808 431 13 72 1,157 2,025 19 26 1,195 1,382 38 99 1,814 723 8 18 551 547 8 26 407 588 11 52 904 1,426 16 74 1,725 792 42 6 5,021 198 2,333 168,927 97 7,198 82 54,166 82 6,001 166 10,556 181 14,989 426 5,683 354 22,623 83 5,904 283 2,712 104 8,687 152 10,640 323 19,768 1,256 1,203 380 33 33 13 317 306 96 47 46 11 96 95 22 64 62 26 97 90 16 180 177 47 37 36 12 47 38 14 56 52 18 81 74 27 201 194 78 171,766 7,277 54,885 6,105 10,769 15.141 5,886 23,027 5,989 2,811 8,813 10,822 20,241 149,247 22,200 127,047 7,396 1.043 6,353 43,575 5.516 38,059 7,503 2,664 4,839 10,134 983 9,151 12,534 908 11,626 5,294 2.614 2,680 21,192 1,460 19,732 5,700 977 4,723 2,081 647 1,434 7,709 1.456 6,253 9,796 1.825 7,971 16,333 2.107 14,226 11,154 3,068 817 153 3,163 879 531 130 805 234 947 266 436 91 1,571 480 450 119 189 45 534 142 628 178 1,083 351 112,825 127^047 5,383 6,353 34.Q17 38,059 4.178 4.839 8.112 9,151 10.413 11,626 2.153 2,690 17.681 4.154 1.200 5.577 7,165 1.434 6,253 _zjzi_ 12.792 14,226 1 Includes exchange translation account reflecting the monthly revaluation at market Philadelphia 19.712_._ .JLJU exchange reate of f o r e i g n exchange commitments. _.