H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE '•^MMMs: Factors Affecting Reserves of Depository Institutions and Condition Statement of F.R. Banks For immediate release May 15, 1981 Reserves Bank credit: Averages of daily figu res Member bank reserves, Week ended Change from week ended!W ednesday Reserve Bank credit, May 13, May 6, 1 May 14] May 13 and related items 1981 1981 ]_ 1980 1981 Reserve Bank credit: (In millions of doll ars) U.S. Government securities-- _ _ 2/ Bought outright--System account ^118,191 1,880 1,762 - 116,292 Held under repurchase agreements -- - 522 -- " Fede B r o a u l g ht A ge o n u c t y r i o g b h l t i gations-- 8,720 _- - 157 8,720 Held under repurchase agreements -- - 80 -- -- Acceptances-- __ __ __ __ Bought outright Held under repurchase agreements — - 89 -- '" Loans-- . 1,734 737 + 714 3,683 To depository institutions Includes seasonal borrowing of: 226 + 28 + 178 247 Float 4,202 + 1,634 + 977 3,820 Other F.R. assets 10.619 +_ 70 + 5.058 10,941 Total Reserve Bank credit 143,466 - 1,603 + 4,830 143,456 Gold Stock 11,154 -- - 18 11,154 Special Drawing Rights certif. acct. 2,818 -- - 150 2,818 Treasury currency outstanding 13.539 +_ 4 +_ 286 13,539 170,977 - 1,599 + 4,949 170,967 Currency in circulation * 135,785 -f 1,074 + 11,072 136,293 Treasury cash holdings * 505 - 2 - 83 505 Treasury deposits with F.R. Banks 3,299 - 876 + 492 3,692 Foreign deposits with F.R. Banks 555 + 255 + 88 286 Other deposits with F.R. Banks 271 - 82 - 244 240 Other F.R. liabilities and capital 4.711 - 17 -__ 358 4,617 145,126 + 352 + 10,967 145,633 _ _ Reserve balances with F.R. Banks 3/ 25,851 1,950 6,018 25,334 Total vault cash (estimated) 18,562 + 615 N/A 18,562 a) Vault cash at institutions with required reserve balances 12,686 + 388 + 2,587 12,686 b) Vault cash equal to required reserves at other institutions 1,311 + 13 N/A 1,311 c) Surplus vault cash at other institutions 4/ 4,565 + 214 N/A 4,565 Reserve balances + total vault cash 5/ 44,498 - 1,338 N/A 43,981 Reserve balances + total vault cash _ _ used to satisfy reserve requirements 5/66// 39,933 1,552 3,560 39,416 Required reserves (estimated) 39,928 - 1,161 - 3,525 39,928 Excess reserve balances at F.R. Banks 5/7// 5 - 391 - 35 - 512 On May 13, 1981, marketable U.S. Government securities held in custody by the Federal Reserve banks for foreign official and interna tional accounts were $100,788 million, an increase ot $363 million for the week. 1/ Net of $3,903 million, daily average, matched sale-purchase _ transactions outstanding during the latest statement week, of which a net of $1,546 million was with foreign ofticial and international accounts. Includes securities loaned—fully secured by U.S. Government securities. 2/ Net of $5,993 million matched sale-purchase transactions outstanding ~~ at the end of the latest statement week, of which a net of $1,460 million was with foreign official and international accounts. Includes $210 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 $85 million waivers of penalties for reserve ~ deficiencies in accordance with tioard policy effective November 19, 6/ 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 (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 ••** May 13, 1981 May 6, 1981 May 14, 1980 ASSETS Gold certificate account 11,154 18 Special Drawing Rights certif. acct. I 2,818 — „ _ 150 Coin 398 - 5 4- 10 Loans 3,683 4- 1,695 4- 2,098 Acceptances- Held under repurchase aggreements Federal agency abligations— Bought outright 8,720 157 Held under repurchase agreements 1 U.S. government securities: Bought outright—Bills 39,868 _ 4,495 _ 9,475 Notes 59,118 _- 4- 945 Bonds 17,306 -- 4- 2,368 Total bought outright 2 116,292 - 4,495 „ 6,162 Held under repurchase agreements 1 -- Total U.S. government securities 116.292 - 4,495 . 6,162 Total loans and securities 128,695 - 2,800 _ 4,221 Cash items in process of collection (2,995 ) 10,073 - 69 - 194 Bank premises 469 -- 4- 32 Other assets 3 10,472 4- 365 4- 5,059 TOTAL ASSETS (2,995 ) 164,079 - 2,509 ± 5J.8 LIABILITIES Federal Reserve notes 123,657 4- 667 4- 10,915 Deposits: Depository institutions 25,334 - 3,592 _ 11,157 U.S. Treasury—genera! account 3,692 4- 551 4- 1,612 Foreign—official accounts 286 26 65 Other _ . 240 37 238 Total deposits 29,552 _ JTTO4 _ 9,84ff Deferred availability cash items (2,995 ) 6,253 - 132 - 237 Other liabilities and accrued dividends 4 1,903 4- 29 - 452 TOTAL LIABILITIES (2,995 ) 161,365 - 2,540 4- 378 CAPITAL ACCOUNTS Capital paid in 1,234 - 2 4- 71 Surplus 1,203 -- 4- 58 Other capital accounts 277 4- 33 4- 11 Figures in parentheses are the eliminations made in the consolidating process. Does not include 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. Net of $5,993 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 210 million securities loaned—fully secured by U.S. government securities. Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, May 13, 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 3,543 -- 6,043 4- 317 131 4- 131 16 days to 90 days 140 -- 15,510 - 4,853 549 131 91 days to 1 year -- -- 30,426 4- 42 1,756 -- Over 1 year to 5 years -- -- 34,980 - 1 4,658 -_ Over 5 years to 10 years -- -- 13,918 _- 982 -- Ove T r o 1 ta 0 l years ' " 3 1 , £ 6 . 8 0 3 1 " ~** 11 11 11 55 66 ,, ,, 44 22 11 99 55 22 .. 4,49 - 5 « 88,,77 66 22 44 00 44 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 13, 1981 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco ASSETS Gold certificate account 11,154 717 3,163 531 805 947 436 1,671 450 189 534 628 1,083 Special Drawing Rights certif. acct. 2,818 140 807 120 215 245 83 441 110 41 131 163 322 Coin 398 29 22 18 54 41 41 18 19 16 40 27 73 Loans 3,683 57 1,055 55 101 215 137 499 64 298 200 77 925 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 39,868 1,697 11,607 1,427 2,895 3,182 1,267 6,086 1,478 596 1,823 2,494 5,316 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 2 116,292 4,950 33,856 4,162 8,443 9,284 3,695 17,753 4,310 1 ,739 5,319 7,276 15,505 Held under repurchase agreements 1 -- -- -- -- -- -- — -- — -- — -- — Total U.S. government securities 116,292 4,950 33,856 4,162 8,443 9,284 3,695 17,753 4,310 1 ,739 5,319 7,276 15,505 Total loans and securities 128,695 5,378 37,450 4,529 9,177 10,195 44,,110099 1199,,558833 44,,669977 22 ,,116677 55,,991188 77,,889999 17,593 Cash items in process of collection 13,068 455 1,543 513 773 2,404 22,,009999 11,,115522 663333 661199 11,,229944 777711 812 Bank premises 469 99 21 52 25 93 3355 1177 1144 2288 2222 1144 49 Other assets 3 10,472 338 2,914 409 767 661 665577 11,,449900 332233 227777 444455 662200 1,571 Interdistrict settlement account - 0- + 282 + 4,264 + 258 - 696 + 375 -- 777788 --11,,007777 -- 114433 332211 ++ 222200 ++ 220011 - 2,585 TOTAL ASSETS 167,074 7,438 50,184 6,430 11,120 14,961 66,,668822 2233,,229955 66..110033 ~~ZZ33,, 001166 88,,660044 1100,,332233 18,918 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 $ 5,993 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $210 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 13, 1981 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City Francisco LIABILITIES Federal Reserve notes 123,657 6,275 36,658 5,094 9,192 11,048 2,979 19,217 4,720 1,626 5,913 7,380 13,555 Deposits: Depository Institutions 25,334 721 7,517 854 1,164 1,209 1,987 2,758 721 734 1,362 1,986 4,321 U.S. Treasury —general account 3,692 3,692 Foreign—official accounts 286 7 86 10 21 14 20 40 8 9 12 16 43 Other 240 209 1 21 1 3 1 2 1 1 Total deposits 29,552 728 11,504 864 1,186 1,244 2,008 2,801 730 743 1,376 2,003 4,365 Deferred availability cash items 9,248 272 1,011 245 383 2,323 1,401 574 488 518 1,104 639 290 Other liabilities and accrued dividends-i/ 1,903 86 319 126 150 201 101 307 82 32 91 132 276 TOTAL LIABILITIES 164,360 7,361 49,492 6,329 10,911 14,816 6,489 22,899 6,020 2,919 8,484 10,154 18,486 CAPITAL ACCOUNTS Capital paid in 1,234 33 311 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 277 11 75 9 18 20 10 40 10 12 14 18 40 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 167,074 7,438 50,184 6,430 11,120 14,961 6,682 23,295 6,103 3,016 8,604 10,323 18,918 FFEEDDEERRAALL RREESSEERRVVEE AAGGEENNTTSS'' AACCCCOOUUNNTTSS FF..RR.. nnootteess oouuttssttaannddiinngg 143,895 7,382 40,703 7,173 10,130 12,193 5,257 20,792 5,583 2,213 7,169 9,245 16,055 ssss--HHeelldd bbyy FF..RR.. BBaannkkss 20,238 1,107 4,045 2,079 938 1,145 2,278 1,575 863 587 1,256 1,865 2,500 FF.. RR.. NNootteess,, NNeett 123,657 6,275 36,658 5,094 9,192 11,048 2,979 10,217 4,720 1,626 5,913 7,380 13,555 CCoollllaatteerraall hheelldd aaggaaiinnsstt FF..RR.. nnootteess:: GGoolldd cceerrttiiffiiccaattee aaccccoouunntt 11,154 717 3,163 531 805 947 436 1,671 450 189 534 628 1,083 SSppeecciiaall DDrraawwiinngg RRiigghhttss cceerrttiiff.. aacccctt.. 2,818 140 807 120 215 245 83 441 110 41 131 163 322 OOtthheerr eelliiggiibbllee aasssseettss 97 97 UU..SS.. ggoovvtt,, aanndd aaggeennccyy sseeccuurriittiieess 109,588 5,321 32,688 4,443 8,172 9,856 2,460 17,105 4,160 1,396 5,248 6.589 12,150 TToottaall ccoollllaatteerraall 123,657 6,275 36,658 5,094 9,192 11,048 2,979 19,217 4,720 1,626 5,913 7,380 13,555 1/ Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis