H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Reserves of Depository Institutions and Condition Statement of F.R. Banks H.4.1 For ionadlata rtiuu Hay 8, 1981 Averages of dally figures Reserves of depository institutions, Week ended Change from week endedJMtdnesday Reserve Bank credit, May 6, April 29, May 7, May 6, and related items 1931 1981 1980 1981 Reserve Bsnk credit: (In Millions of dollars) U.S. B o C ug o h ve t r n o s u e t n r t i g s h e t c — u S r y i s t te i m e s— a ccount 1/ 12 0,071 976 + 1,781 -f 120,787 Held under repurchase agreements 522 61 + 277 Federal Agency obligations— Bought outright 8,720 157 Held under repurchase agreement* 80 33 35 Acceptances— Bought outright Held under repurchase agreements 89 23 20 Loans— to depository institutions 2,471 + 193 + 1,140 1,988 Includes seasonal borrowing of: 198 + 23 + 43 ! 195 - Float 2,647 „ 597 1,451 3,757 Other F.R. assets 10.549 + 66 + 5,112 10.576 Total Reserve Bank credit 145,148 + 518 + 6,645 145,828 Gold Stock 11,154 -- - 18 11,154 Special Drawing Rights certlf. sect. 2,818 -- - 150 2,818 Treasury currency outstanding 13.535 + 5 + 289 13,559 172,655 + 523 • 6,766 173,339 Currency In circulation * 134,711 + 367 + 10,794 135,621 Treasury cssh holdings * 507 + 4 - 77 505 Treasury deposits with F.R. Banks 4,175 • 639 + 1,733 3,141 Foreign deposits with F.R. Banks 300 - 280 - 67 312 Ot'.ser deposits with F.R. Banks 353 + 52 - 183 277 Other F.R. liabilities and capital - 199 - 410 \JU 114444,,777744 • 582 + 11,789 144,413 . _ Reserve balances with F.R. Banks 3/ 27,880 60 5,024 28,926 Total vault cash (eetiaattd) 17,947 + 594 N/A 17,947 a) Vault cash at institutions with required reserve balances 12,293 + 453 + 2,181 12,298 b) Vault cash equal to required reserves at other institutions 1,298 • 60 N/A 1 1,298 c) Surplus vault cash at other institutions 4/ 4,351 + 81 N/A 4,351 Reserve balances + total vault cash 5/ 45,915 + 536 N/A 46,961 Reserve balances + total, vault cash . used to satisfy reserve requirements 5/6/ 41,564 + 455 2,969 42,610 Required reserves (estinsted) 41,089 + 85 - 3,113 41,089 Excess reserve balances at F.R. Banks 5/2/ 475 + 370 + 144 1 1,521 On May 6, 1981, marketable U.S. Government securities held In custody by the Federal Reserve Banks for foreign official and interna tional accounts were $100,425 million, a decrease of $1,300 million for the week. 1/ Net of $1,974 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $1,974 million was with foreign official and international accounts* Includes securities loaned—fully secured by U.S. Government securities. 2/ Met of $1,258 million matched sale-purchase transactions outstanding ~ at the end of the latest statement week, of which a net of ^1,25b million was with foreign official and international accounts. Includes $254 million securities loaned—fully aecured by U.S. Government securities. V Includes all reserve balances of depository Institutions. 4/ Total vault caah at institutions without required reserve balances ~" less vault cash equal to their required reserves. bj Adjusted to include $88 million walvera of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. 6/ Reserve balances with Federal Reserve Banks plus vault caah 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 excaaa reserves la comparable to the old excess reserve concept publlahmd hiatorlcally.) Vault caah $nd required reserves are partially estimated. * 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 Wednesday May 6, 1981 April 29, 1981 May 7, 1980 ASSETS Gold certificate account 11,154 18 Special Drawing Rights certif. acct. 2,818 150 Coin 403 9 + 21 Loans 1,988 6,584 + 1,061 Acceptances- 549 Held under repurchase aggreements Federal agency abligations- 8,720 157 Bought outright 566 Heid under repurchase agreements 1 U.S. government securities: 44,363 + 750 1,424 Bought outright-Bills 59,118 ++ 1,411 Notes 17.306 ++ 2,523 Bonds 120,787 + 777755550000 ++ 2,510 Total bought outright 2 2222....888866660000 Held under repurchase agreements 1 120,787 - 2222,,,,111111110000 + 2,510 Total U.S. government securities 131,495 9999,,,,888800009999 + 3,414 Total loans and securities (3,181 ) 10,142 - 1111,,,,888800004444 755 Cash items in process of collection 469 36 Bank premises 10,107 44442222 + 5,007 Other assets 3 (3,181 > 166,588 - 11111111,,,,666666664444 + 7,555 TOTAL ASSETS LIABILITIES Federal Reserve notes 122,990 902 10,587 Deposits: Depository Institutions 28,926 - 8,887 - 1,981 U.S. Treasury—general account 3,141 - 2,596 - 226 Foreign—official accounts 312 - 14 - 97 Other 277 ++ 1111 - 249 Total deposits 32,656 1111,,448866 - 2,553 Deferred availability cash items 0,181 ) 6,385 - 635 - 70 Other liabilities and accrued dividends 4 1,874 339999 - 526 TOTAL LIABILITIES (3,181 ) 163,905 ::rr~~"" 1111,,661188 + 7,438 CAPITAL ACCOUNTS Capital paid in 1,236 + 3 + 74 Surplus 1,203 — + 58 Other capital accounts 244 - 49 - 15 * 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 $1,258 million matched sale-purchase transactions outstanding at the end of the latest statement week. In eludes $254 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. MATURITY DISTRIBUTION OF LOANS AND SECURITIES May 6, 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 Loans Acceptances Holdings 1 Weekly changes Holdings" i -"^K !s/ '. Within 15 days 1,896 5,726 45 0 S35 16 days to 90 days 92 20,363 2,210 680 65 91 days to 1 year 30,384 406 1,756 Over 1 year to 5 years 34,981 260 4,658 Over 5 years to 10 years 13,918 982 Over 10 years 15,415 644 Total 1,988 120,787 2,110 8,720 366 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 May 6, 1981 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas 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 Coin 403 29 23 19 55 42 39 19 24 15 40 24 74 Loans 1,988 124 515 224 336 128 46 188 73 45 121 163 25 Acceptances held under repurchase agreements 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 U.S. government securities: Bought outright—Bills 44,363 1,888 12,915 1,588 3,221 3,541 1,410 6,772 1,645 664 2,029 2,775 5,915 Notes 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 Bonds 17,306 737 5,038 619 1,256 1,382 550 2,642 641 259 792 1,083 2,307 Total bought outright 2 120,787 5,141 35,164 4,323 8,769 9,643 3,838 18,439 4,477 1 ,807 5,525 7,557 16,104 Held under repurchase agreements 1 Total U.S. government securities 120,787 5,141 35,164 4,323 8,769 9,643 3,838 18,439 4,477 1 ,807 5,525 7,557 16,104 Total loans and securities 131,495 5,636 38,218 4,859 9>,738 10,467 4,161 19,958 4,873 1 ,982 6,045 8,266 17,292 Cash items in process of collection 13,323 460 1,170 518 741 2,354 1,868 1,515 819 631 1,375 906 966 Bank premises 469 99 21 52 25 93 35 17 14 28 22 14 49 Other assets 3 10,107 332 2,743 416 754 596 634 1,462 317 268 436 612 1,537 Interdistrict settlement account -0- + 248 +5,724 - 65 -1,119 - 29 - 690 -1,528 - 434 186 + 52 - 263 -1,710 TOTAL ASSETS 169,769 7,511 51,869 6,450 11,214 14,715 6,566 23,555 6,173 2 ?968 8,635 10,350 19,763 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 $ 1,258 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 254 million securities loaned-fully secured by U.S. government securities. 3 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. 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 May 6, 1981 Millions of dollars total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis K C an it s y a s Dallas Fra S n a c n is co LIABILITIES Federal Reserve notes 122,990 6,217 36,368 5,086 9,141 11,021 3,078 19,085 4,709 1,608 5,881 7,353 13,443 Deposits: Depository Institutions 28,926 812 9,822 923 1,301 1,090 1,819 3,125 772 691 1,354 2,007 5,210 U.S. Treasury —general account 3,141 3,141 Foreign—offic al accounts 312 8 111 10 21 14 20 40 8 9 12 16 43 Other 277 1 248 1 20 1 3 1 1 1 Total deposits 32,656 821 13,322 933 1,323 1,124 1,840 3,168 780 700 1,367 2,024 5,254 Deferred availability cash items 9,566 309 1,149 247 389 2,259 1,369 590 517 531 1,176 669 361 Other liabilities and accrued dividends!/ 1,874 89 332 83 155 168 90 324 86 34 95 136 282 TOTAL LIABILITIES 167,086 7,436 51,171 6,349 11,008 14,572 6,377 23,167 6,092 2,873 8,519 10,182 19,340 CAPITAL ACCOUNTS Capital paid in 1,236 33 311 46 96 63 93 179 37 47 54 78 199 Surplus 1,203 33 306 46 95 62 90 177 36 38 52 74 194 Other capital accounts 244 9 81 9 15 18 6 32 8 10 10 16 30 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 169,769 7,511 51,869 6,450 11,214 14,715 6,566 23,555 6,173 2,968 8,635 10,350 19,763 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 143,634 7,336 40,533 7,150 10,090 12,173 5,373 20,718 5,603 2,226 7,174 9,189 16,069 ess - Held by F, R. Banks 20.644 1.119 4,165 2,064 949 1,152 2,295 1,633 894 618 1,293 1,836 2,626 F. R, Notes, Net 122,990 6,217 36,368 5,086 9,141 11,021 3,078 19,085 4,709 1,608 5,881 7,353 13,443 Collateral held against F.R. notes: 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 vjtrter eligible assets U.S. govt, and agency securities 109,018 5,510 32,398 4,435 8,121 9,829 2,559 16,973 4,149 1,378 5,216 6,562 11,888 Total collateral 122,990 6,217 36,368 5,086 9,141 11,021 3,078 19,085 4,709 1,608 5,881 7,353 13,443 1/ Includesexchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange conunitments. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis