H.4.1 Factors Affecting Reserve Balances of Depository Institutions

.•feSPS!!?,-. FEDERAL RESERVE m Factors Affecting Reserves of Depository Institutions and r$$*&2?i **.?#*"' Condition Statement of F.R. Banks H.4.1 For Immediate riltm May 1, 1981 Averages of dally figures Reserves of depository institutions, Week ended Channgg<e from week ended Wednesday Reserve Bank credit, April 29 Apriill 22, April 30, April 29, and related items 1981* 1981 1980 1981* Reserve Bank credit: (In millions of dollars) U.S. Government securities-- 1/ Bought outright—System account 119,095 - 1,746 414 W 120,037 . Held under repurchase agreements 583 - 1,118 583 2,860 Federal Agency obligations-- Bought outright 8,720 157 8,720 Held under repurchase agreements 115 115 566 Acceptances-- Bought outright Held under repurchase agreements 112 44 112 549 Loans— To depository institutions 2,278 1,414 385 8,572 Includes seasonal borrowing of: 175 26 6 182 Float 3 087 67 - 522 4,883 Other F.R. assets 10 484 201 + 5.160 10.625 Total Reserve Bank credit 144 474 1,230 + 4,492 156,812 Gold Stock 11 154 - 18 11,154 Special Drawing Rights certif. acct. 2 818 - 150 2,818 Treasury currency outstanding 13, J30 + 277 13,534 171,976 - 1,224 + 4,601 184,318 Currency in circulation ** 134,339 - 706 + 11,035 134,670 Treasury cash holdings ** 503 + 3 87 505 Treasury deposits with F.R. Banks 3,536 - 433 309 5,737 Foreign deposits with F.R. Banks 580 + 187 + 215 326 Ocaer deposits with F.R. Banks 301 - 19 270 266 Other F.R. liabilities and capital 4.927 +_ 30 - 80 5.001 144,186 - .937 + 10,504 146,505 Reserve balances with F.R. Banks 3/ 27,789 - 288 5,903 37,813 Total vault cash (estimated) 17,353 + ,198 N/A 17,353 a) Vault cash at institutions with required reserve balances 11,845 874 1,798 11,845 b) Vault cash equal to required reserves at other institutions 1,238 52 N/A 1,238 c) Surplus vault cash at other institutions 4/ 4,270 272 N/A 4,270 Reserve balances + total vault cash 5/ 45,228 906 N/A 55,252 Reserve balances + total vault cash used to satisfy reserve requirements 5/6/ 40,958 634 4,236 50,982 Required reserves (estimated) 41,004 265 4,030 41,004 Excess reserve balances at F.R. Banks 5/7/ 46 369 206 9,978 On April 29, 1981 marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and interna tional accounts were $101,725 million, an increase of $1,134 million for the week. 1/ Net of $2,949 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $1,981 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. 2/ Net of $2,007 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $2,007 million was with foreign official and international accounts. Includes $178 million securities loaned—fully secured by U.S. Government securities. 3/ Includes all 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 $86 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19 1975. 67 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 Is comparable to the old excess reserve concept published historically.) Vault cash and required reserves are partially estimated. * Estimated (Cleveland Dfstrict). ** Estimated (Treasury's Figures). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1 (a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS Millions of dollars **** Change since ** WWeeddnneessddaayy April 29, 1981 April 22, 1981 April 30, 1980 ASSETS Gold certificate account 11,154 / 18 Special Drawing Rights certif. acct. 2,818 __ „ 150 Coin 412 . 17 + 25 Loans 8,572 + 7,266 + 3,802 Acceptances- Held under repurchase aggreements 549 + 103 + 549 Federal agency abIigations- Bought outright 8,720 ._ „ 157 Held under repurchase agreements 1 566 + 134 + 566 U.S. government securities: Bought outright—Bills 43,613 . 428 . 2,722 Notes 59,118 .. + 1,411 Bonds 1177,,330066 -- 2,523 Total bought outright 2 112200,,003377 . 428 ++ 1,212 Held under repurchase agreements 1 2,860 . 2,843 + 2,860 Total U.S. government securities 122,897 - 3,271 + 4,072 Total loans and securities 141,304 + 4,232 + 8,832 Cash items in process of collection ( 3,587) 11,550 + 1,243 + 955 Bank premises 469 + 1 + 36 Other assets 3 10,156 + 134 + 5,026 TOTAL ASSETS i 3,587) 177,863 -*• 5,593 jf 14.706_ LIABILITIES Federal Reserve notes 122,053 - 424 + 10,529 Deposits: Depository institutions 37 813 33,,885566 44-- 44,,553311 U.S. Treasury—general account 5,737 4. 22,,664488 11,,117766 Foreign—official accounts 326 + 77 332222 Other 266 5500 228877 O De th fe e r r T r e o li d a ta b a l i v l d i a t e i i e p la s o b s a i i l n t i s t d y a c c a c s r h u e it d e m di s v idends 4 (3,587) 4 6 4 2 , , , 6 1 2 4 7 6 2 3 7 .y. 66,,44 44 66 88 2 11 00 1 ++ 55,,00 33 11 99 55 99 88 66 77 TOTAL LIABILITIES (3,587) 175,135 f 5,578 + 1144,,557744 CAPITAL ACCOUNTS Capital paid in 1,233 + 1 + 71 Surplus 1,203 + 58 Other capital accounts 292 + 14 + 3 * Figures in parentheses are the eliminations made in the consolidating process. 1 Does not inciude U.S. government and federal agency securities resold under matched sale-purchase transactions to foreign official and inter national accounts, of which $ 0 million was outstanding at the end of the latest statement week. 2 Net of $ 2,007 million matched sale purchase transactions outstanding at the end of the latest statement week. Includes $ 178 million securities loaned-fully secured by U.S. government securities. 3 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates, 4 Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. & ••Estimated (Cleveland District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES April 29, 1981 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 LLooaannss AAcccceeppttaanncceess Holdings | Weekly changes Holdings | Weekly changes Within 15 days 8,558 549 5,771 „ 3,788 635 + 134 16 days to 90 days 14 -- 22,573 - 524 615 + 40 91 days to 1 year -- -- 29,978 + 1,041 1,752 40 Over 1 year to 5 years — -- 35,241 4,658 Over 5 years to 10 years -- ~- 13,918 .. 982 -. Over 10 years -•* •~ 1155,,441166 -- 664444 — Total 8,572 549 112222,,889977 „„ 3,271 99,,228866 ++ 134 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1 (b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON April 29, 1981 Millions of dollars * Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San City Francisco ASSETS Gold certificate account 11,154 567 3,163 531 805 947 436 1,671 450 189 534 628 1,233 Special Drawing Rights certif. acct. 2,818 140 807 120 215 245 83 441 110 41 131 163 322 CCooiinn 412 29 22 20 56 44 39 20 24 15 41 25 77 LLooaannss 8,572 105 3,414 152 654 334 224 1,274 188 42 222 232 1,731 Acc a e g p re ta e n m c e e n s t s h eld under repurchase 549 -- 549 -- -- -- -- — — — — — — Federal agency obligations: Bought outright 8,720 371 2,539 312 633 696 277 1,331 323 130 399 546 1,163 Held under repurchase agreements 1 566 — 566 U.S. government securities: Bought outright—Bills 43,613 1,856 12,697 1,561 3,167 3,481 1,386 6,658 1,617 653 1,994 2,728 5,815 NNootteess 59,118 2,516 17,211 2,116 4,292 4,720 1,878 9,025 2,191 884 2,704 3,699 7,882 BBoonnddss 17,306 737 5,038 619 1,256 1,382 550 2,642 641 259 792 1,083 2,307 Total bought outright 2 120,037 5,109 34,946 4,296 8,715 9,583 3,814 18,325 4,449 1,796 5,490 7,510 16,004 Heid under repurchase agreements 1 2,860 -- 2,860 -- — -- -- -- -- -- -- -- -- Total U.S. government securities 122,897 5,109 37,806 4,296 8,715 9,583 3,814 18,325 4,449 1,796 5,490 7,510 16,004 Total loans and securities 141,304 5,585 44,874 4,760 10,002 10,613 4,315 20,930 4,960 1,968 6,111 8,288 18,898 Cash items in process of collection 15,137 462 1,315 770 792 2,542 1,802 1,916 1,053 698 1,306 1,122 1,359 Bank premises 469 100 21 53 25 92 35 17 14 28 22 14 48 Other assets 3 10,156 325 2,750 433 762 629 648 1,458 318 272 440 606 1,515 Interdistrict settlement account - 0- + 837 +1,306 + 44 - 843 4- 248 - 315 - 1,329 - 212 + 9 + 440 + 283 - 468 TOTAL ASSETS ] "181,450 8,045 54,258 6,731 11,814 15,360 7,043 25,124 6,717 3,220 9,025 11,129 22,984 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 $ 2,007 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 178 million securities loaned-fully secured by U.S. government securities. 3 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. * Estimated (Cleveland District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1 (c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON April 29, 1981 Millions of dollars * Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San City Francisco LLIIAABBIILLIITTIIEESS FFeeddeerraall RReesseerrvvee nnootteess 122,053 6,178 36,037 5,030 9,039 10,954 3,100 18,913 4,681 1,631 5,828 7,323 13,339 DDeeppoossiittss:: DDeeppoossiittoorryy IInnssttiittuuttiioonnss 37,813 1,410 9,859 1,097 2,044 1,607 2,438 4,855 1,011 870 1,757 2,732 8,133 UU..SS.. TTrreeaassuurryy ——ggeenneerraall aaccccoouunntt 5,737 5,737 FFoorreeiiggnn——ooffffiicciiaall aaccccoouunnttss 326 8 116 11 22 14 21 42 9 9 12 17 45 266 2 232 1 1 18 1 5 1 2 1 2 OOtthheerr 44,142 1,420 15,944 1,109 2,067 1,639 2,460 4,902 1,020 880 1,771 2,750 8,180 TToottaall ddeeppoossiittss 10,254 279 936 414 342 2,431 1,194 587 855 576 1,152 748 740 DDeeffeerrrreedd aavvaaiillaabbiilliittyy ccaasshh iitteemmss OOtthheerr lliiaabbiilliittiieess aanndd aaccccrruueedd 2,273 91 641 77 157 189 96 323 78 36 154 138 293 TOTAL LIABILITIES 178,722 7,968 53,558 6,630 11,605 15,213 6,850 24,725 6,634 3,123 8,905 10,959 22,552 CAPITAL ACCOUNTS Capital paid in 1,233 33 310 46 96 63 93 179 37 47 54 77 198 Surplus 1,203 33 306 46 95 62 90 177 36 38 52 74 194 Other capital accounts 292 11 84 9 18 22 10 43 10 12 14 19 40 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 181,450 8,045 54,258 6,731 11,814 15,360 7,043 25,124 6,717 3,220 9,025 11,129 22,984 FFFEEEDDDEEERRRAAALLL RRREEESSSEEERRRVVVEEE AAAGGGEEENNNTTTSSS''' AAACCCCCCOOOUUUNNNTTTSSS FFF...RRR... nnnooottteeesss ooouuutttssstttaaannndddiiinnnggg 143,634 7,190 40,504 7,061 10,106 12,184 5,492 20,716 5,626 2,225 7,168 9,228 16,134 LLLeeessssss---HHHeeelllddd bbbyyy FFF...RRR...BBBaaannnkkksss 21,581 1,012 4,467 2,031 1,067 1,230 2,392 1,803 945 594 1,340 1,905 2,795 FFF... RRR... NNNooottteeesss,,, NNNeeettt::: 122,053 6,178 36,037 5,030 9,039 10,954 3,100 18,913 4,681 1,631 5,828 7,323 13,339 CCCooollllllaaattteeerrraaalll hhheeelllddd aaagggaaaiiinnnsssttt FFF...RRR... nnnooottteeesss ::: GGGooolllddd ccceeerrrtttiiifffiiicccaaattteee aaaccccccooouuunnnttt 11,154 567 3,163 531 805 947 436 1,671 450 189 534 628 1,233 SSSpppeeeccciiiaaalll DDDrrraaawwwiiinnnggg RRRiiiggghhhtttsss ccceeerrrtttiiifff... aaaccccccttt... 2,818 140 807 120 215 245 83 441 110 41 131 163 322 OOOttthhheeerrr eeellliiigggiiibbbllleee aaasssssseeetttsss UUU...SSS... gggooovvvttt,,, aaannnddd aaagggeeennncccyyy ssseeecccuuurrriiitttiiieeesss 108,081 5,471 32,067 4,379 8,019 9,762 2,581 16,801 4,121 1,401 5,163 6,532 11,784 TTToootttaaalll cccooollllllaaattteeerrraaalll 122,053 6,178 36,037 5,030 9,039 10,954 3,100 18,913 4,681 1,631 5,828 7,323 13,339 1/ Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. * Estimated (Cleveland District) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis