H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE •H^Sll^?'' ^Factors Affecting Reserves of Depository Institutions and '•^?S*v£' Condition Statement of F.R. Banks H.4.1 For immediate release May 22, 1981 Averages of dally figures Reserves of depository institutions, Week ended Change from week ended Wednesday Reserve Bank credit, May 20, May 1 , | May 21, May 20, and related items 1981 1981 1980 1981 Reserve Bank credit: (In millions of dolift**} U.S. Government securities-- Bought outright—System account ^121,587 + 3,396 - 708 2/ 12 ,239 Held under repurchase agreements Federal Agency obligations-- Bought outright 8,720 — - 157 Held under repurchase agreements Acceptances-- Bought outright Held under repurchase agreements Loans-- To depository institutions 1,975 241 + 1,137 3,847 Includes seasonal borrowing of: 271 45 + 231 310 Float 3,009 - 1 286 859 3,440 Other F.R. assets 9.851 . 768 5,U3 9.885 Total Reserve Bank credit 145,143 ++ 1,15 ,8548 4 + 4,527 148,131 Gold Stock 11,154 — - 18 11,154 Special Drawing Rights certif. acct. 2,818 — - 150 2,818 Treasury currency outstanding 13.543 ++ 44 + 281 13.549 172,658 + 1,588 + 4,641 175,652 Currency in circulation * 135,736 - 39 + 10,986 136,027 Treasury cash holdings * 515 + 1 - 62 520 Treasury deposits with F.R. Banks 3,119 - 180 + 99 3,085 Foreign deposits with F.R. Banks 274 . 281 . 54 270 Otaer deposits with F.R. Banks 276 + 5 - 247 221 Other F.R. liabilities and capital 4.938 + 227 - 128 4.652 144,859 - 267 + 10,595 144,775 . Reserve balances with F.R. Banks 3/ 27,799 + 1,855 5,955 30,877 Total vault cash (estimated) 16,711 '-1,851 N/A 16,711 a) Vault cash at institutions with required reserve balances 11,449 - 1,237 + 2,440 11,449 b) Vault cash equal to required reserves at other institutions 1,187 - 124 H/A 1,187 c) Surplus vault cash at other _ institutions 4/ 4,075 490 N/A 4,075 Reserve balances + total vault cash 5/ 44,600 + 9 N/A 47,678 Reserve balances + total vault cash _ used to satisfy reserve requirements 5/6/t 40,525 + 499 3,638 43,603 Required reserves (estimated) 40,356 + 428 - 3,524 40,356 Excess reserve balances at F.R. Banks 5/7/ 169 + 71 - 114 3,247 On May 20. 1981, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and interna tional accounts were $100,062 million, a decrease of $726 ©illion for the week. 1/ Net of $1,218 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $1,218 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. 1] Net of $595 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $595 million was with foreign official and international accounts. Includes §229 aiilion securities loaned—fully secured by U.S. Government securities. 37 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 $90 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19 „ 1975. jj/ Reserve balances with Federal Reserve Banks plue vault cash at institutions with required reserve balances plus vault cash equal to requirec reserves at othei institutions. 7_/ Reserve balances with Federal Reserve Banks plus vault cash u^ed to satisfy reserve requirements less required reserves. (This nssesure ot exee&.ft reserves is comparable to the old excess reserve concept published historically.) Vault cash and required reserves are partially estimated. * Estimatec" (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 20, 1981 May 13, 1981 May 21, 1980 ASSETS Gold certificate account 11,154 18 Special Drawing Rights certif. acct. 2,818 150 Coin 403 + 5 + 9 Loans 3,847 + 164 + 2,961 Acceptances- Held under repurchase aggreements Federal agency abligations— 8,720 157 Bought outright Held under repurchase agreements 1 U.S. government securities: 45,815 + 5,947 - 881 Bought outright—Bills 58,818 - 300 + 1,393 Notes 17,606 + 300 + 1,632 Bonds 122,239 + 5,947 + 2,144 Total bought outright 2 Held under repurchase agreements 1 122,239 + 5,947 + 2,144 Total U.S. government securities 134,806 + 6,111 + 4,948 Total loans and securities ( 3,158) 9,647 - 426 - 1,446 Cash items in process of collection 469 — + 31 Bank premises 9,416 - 1,056 + 4,909 Other assets 3 ( 3,158) 168,713 + 4,634 + 8,233 TOTAL ASSETS LIABILITIES Federal Reserve notes 123,401 256 10,610 Deposits: Depository institutions 30,877 + 5,543 - 813 U.S. Treasury—general account 3,085 - 607 - 34 Foreign—official accounts 270 - 16 - 80 Other ( 1) 221 - 19 - 307 Total deposits ( 1) 34,453 + 4,901 - 1,234 Deferred availability cash items ( 3,157) 6,207 - 46 - 878 Other liabilities and accrued dividends 4 1,901 - 2 - 393 TOTAL LIABILITIES ( 3,158) 165,962 + 4,597 + 8,105 CAPITAL ACCOUNTS Capital paid in 1,235 + 1 -f 71 Surplus 1,203 .- + 58 Other capital accounts 313 + 36 + 49 * 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 $1,590 million was outstanding at the end of the latest statement week. 2 Net of $ 595 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $229 msllion 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 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 ["Weekly changes Holdings j Wee*kTy~changes Within 15 days 3,754 6,566 + 523 221 90 16 days to 90 days 93 22,663 -f ,153 459 90 91 days to 1 year 29,956 470 1,756 Over 1 year to 5 years 34,297 683 4,658 Over 5 years to 10 years 13,042 876 982 Over 10 years 15,715 300 644 Total 3,847 122,239 5,947 8,720 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 20, 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 11,154 717 3,163 531 805 947 436 1,671 450 189 534 628 1,083 Special Drawing Rights cert if. acct. 2,818 140 807 120 215 245 83 441 110 41 131 163 322 CCooiinn 403 ?9 23 17 53 42 41 20 24 16 41 27 70 LLooaannss 3,847 197 401 268 536 407 177 607 225 146 290 136 457 Acceptances he'd 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 45,815 1 ,950 13,338 1,640 3,326 3,657 1,456 6,994 1,698 686 2,095 2,866 6,109 Notes 58,818 2 ,504 17,123 2,105 4,270 4,696 1,869 8,979 2,179 880 2,691 3,680 7,842 Bonds 17,606 749 5,126 630 1,278 1,406 559 2,688 653 263 805 ljj.02^ _ 2,?47 TTToootttaaalll bbbooouuuggghhhttt ooouuutttrrriiiggghhhttt 222 122,239 5 ,203 35,587 4,375 8,874 9,759 3,884 18,661 4,530 1,829 5,591 7,648 16,293 HHHeeelllddd uuunnndddeeerrr rrreeepppuuurrrccchhhaaassseee aaagggrrreeeeeemmmeeennntttsss 111 TTToootttaaalll UUU...SSS... gggooovvveeerrrnnnmmmeeennnttt ssseeecccuuurrriiitttiiieeesss 122,239~ _r ioT 35,587 4,375 8,874 9,759 3,884 18,661 4,530 .1,829... 5,591 7,648 16^298 TTToootttaaalll llloooaaannnsss aaannnddd ssseeecccuuurrriiitttiiieeesss 134,806 5 ,771 38,527 4,955 10,043 10,862 4,338 20,599 5,078 2,105 6,280 8,330 17,918 Cash items in process of collection 12,805 377 1,542 494 640 2,397 1,813 1,307 619 727 1,145 753 991 Bank premises 469 99 21 52 25 93 35 17 14 28 22 14 49 9,416 284 2,692 390 695 519 617 1,311 281 259 409 551 1,403 0 + 382 + 4,186 - 201 - 843 + 209 - 505 - 1,339 -311 - 355 + 22 - 94 - 1^151 TOTAL ASSETS 171,871 7 ,799 50,961 6,358 11,633 15,314 6,858 24,027 6,265 3,010 8,584 10,372 20,690 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 $ 1,590 million was outstanding at the end of the latest statement week. 2 Net of $ 595 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 229 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 20, 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 F? S ?n a c n i? co LIABILITIES Federal Reserve notes 123,401 6,206 36,591 5,027 8,997 11,067 3,128 19,095 4,698 1,619 5,938 7,401 13,634 Deposits: Depository Institutions 30,877 1,128 8,859 888 1,859 1,500 2,089 3,551 903 748 1,363 2,024 5,965 U.S. Treasury —general account 3,085 3,085 Foreign—official accounts 270 7 70 10 21 14 20 40 8 9 12 16 43 Other 222 186 1 21 6 4 2 1 1 Total deposits 34,454 1,135 12,200 898 1,881 1,535 2,115 3,595 911 757 1,377 2,041 6,009 Deferred availability cash items 9,364 292 1,086 245 393 2,400 1,328 620 495 502 1,054 621 328 Other liabilities and accrued dividends1 1,901 88 380 86 150 162 93 316 77 34 94 136 285 TOTAL LIABILITIES 169,120 7,721 50,257 6,256 11,421 15,164 6,664 23,626 6,181 2,912 8,463 10,199 20,256 CAPITAL ACCOUNTS Capital paid in 1,235 33 311 46 96 63 93 179 37 47 54 78 198 Surplus 1,203 33 306 46 95 62 90 177 36 38 52 74 194 Other capital accounts 313 12 87 10 21 25 11 45 11 13 15 21 42 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 171,871 7,799 50,961 6,358 11,633 15,314 6,858 24,027 6,265 3,010 8,584 10,372 20,690 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 143,881 7,306 40,622 7,118 9,974 12,282 5,541 20,669 5,562 2,199 7,207 9,277 16,124 Le3s- Held by F.R. Banks 20,480 1,100 4,031 2,091 977 1,215 2,413 1,574 864 580 1,269 1,876 2,490 F.R.Notes, Net 123,401 6,206 36,591 5,027 8,997 11,067 3,128 19,095 4,698 1,619 5,938 7,401 13,634 Collateral held against F.R. notes : 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 Other eligible assets U.S. govt, and agency securities 109,429 5,349 32,621 4,376 7,977 9,875 2,609 16,983 4,138 1,389 5,273 6,610 12,229 Total collateral i 123,401 6,206 36,591 5,027 8,997 11,067 3,128 19,095 4,698 1,619 5,938 7,401 13,634 1 Includes exchange translation account reflecting monthly revaluation at market exchange rates of foreign exchange commitments. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis