H.4.1 Factors Affecting Reserve Balances of Depository Institutions

• \\Nl ' FEDERAL RESERVE -actors Affecting Reserves of Depository institutions and Condition Statement of F.R. Banks For immediate release May 29, 1981 Averages of daily figu res Reserves of depository institutions, Week eennddeedd Change from week ended WWWeeedddnnneeessscccl ay Reserve Bank credit, May \}} --77,, May 20, I Mav 28. MMMaaayyy :::1 7, and related items 1981* 1981 1_19 80 1981* Reserve Bank credit: (In millions of doll ars) U.S. B ou G g o h v t er n o m u e t n r t i gh s t e - c - u S r y i s t t i e e m s -- account i'l20 112 - 1,475 - 13 2/ll7 193 Held under repurchase agreements " " - 726 " Federal Agency obligations-- _. . Bought outright 8 720 157 8 720 Held under repurchase agreements -- -- - 211 -- Acceptances-- H B e o l u d gh t u n o de ut r r i r g e h p t u rchase agreements -- :: - 119 .. Loans-- To depository institutions 2 923 + 948 + 1,799 1 851 Includes seasonal borrowing of: 309 + 38 + 280 312 . . Float 2 ,497 547 1,009 3 956 Other F.R. assets 9 ,869 + 18 + 4,960 10. 002 Total Reserve Bank credit 144 121 - 1,057 + 4,523 141 722 Gold Stock 11 154 -- - 18 11 154 Special Drawing Rights certif. acct. 2 818 -- - 150 2 818 Treasury currency outstanding 13,, 555511 + 8 ++ 228844 1133,,. 555 171 664433 - 1,050 ++ 44,,663388 116699 249 Currency in circulation 135 945 + 203 + 10,758 136 529 Treasury cash holdings 506 - 3 - 60 501 Treasury deposits with F.R. Banks 2 830 - 289 + 216 2 880 Foreign deposits with F.R. Banks 258 - 16 - 97 299 Otaer deposits with F.R. Banks 241 - 35 - 537 245 Other F.R. liabilities and capital 4 .885 - 53 - 158 4 .710 144 664 - 195 + 10,120 145 164 _ _ Reserve balances with F.R. Banks 3/ 26 979 855 5,482 24 084 Total vault cash (estimated) "" 17, 627 + 916 N/A 17 627 a) Vault cash at institutions with required reserve balances 11 940 + 491 + 2,399 11 940 b) Vault cash equal to required reserves at other institutions 1 384 + 197 N/A 1 ,384 c) Surplus vault cash at other institutions 4/ 4 303 + 228 N/A 4 303 Reserve balances + total vault cash 5/ 44 696 + 61 N/A 41 801 Res u e s r e v d e t b o a l s a a n t c i e s s f y + r t e o s t e a r l v e v a r u e l q t u ir c e a m s e h n ~ t " s 5/66// 40 393 - 167 - 3,207 37 498 Required reserves (estimated) 39 810 - 546 - 3,804 39, 810 Excess reserve balances at F.R. Banks 5/7// 583 + 379 + 597 2 ,312 On May 27, 1981, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and interna tional accounts were $97,516 million, a decrease of $2,546 million for the week. 1/ Net of $2,722 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $1,791 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. II Net of $5,642 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $1,680 million was with foreign official and international accounts.' Includes $250 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. jj/ Adjusted to include $90 million waivers of penalties for reserve deficiencies in accordance with Board 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 (Richmond District) . 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 Week Ago Year Ago May 27, 1981 ** May 20, 1981 May 28, 1980 ASSETS Gold certificate account 11,154 -- - 18 Special Drawing Rights certif. acct. 2,818 -- - 150 Coin 391 - 12 + 8 Loans 1,851 - 1,996 - 549 Acceptances- Held under repurchase aggreements -- -- - 612 Federal agency abligations— Bought outright 8,720 — - 157 Held under repurchase agreements 1 — -- - 924 U.S. government securities: Bought outright—Bills 40,769 - 5,046 - 7,032 Notes 58,818 -- + 1,393 Bonds 1177,,660066 -- ++__1 ,632 Total bought outright 2 111177,,119933 - 5,046 4,007 Held under repurchase agreements 1 -- -- 3,002 Total U.S. government securities 117,193 - 5,046 11"" 7,009 Total loans and securities 127,764 - 7,042 - 9,251 Cash items in process of collection ( 3,426) 11,514 + 1,867 - 72 Bank premises 470 + 1 + 25 Other assets 3 9,532 + 116 + 4,913 TOTAL ASSETS ( 3,426) 163,643 z_5 ^070 z. 4,545 LIABILITIES Federal Reserve notes 123,867 + 466 +10,245 Deposits: Depository institutions 24,084 - 6,793 -L3,679 U.S. Treasury—general account 2,880 - 205 + 583 Foreign—official accounts 299 + 29 - 84 Other (2) 245 + 24 - 918 Total deposits (2) 27,508 - 6,945 -L4,098 Deferred availability cash items ( 3,424) 7,558 + 1,351 - 423 Other liabilities and accrued dividends 4 1,965 + 64 - 442 TOTAL LIABILITIES ( 3,424) 160,898 - 5,064 - 4,718 CAPITAL ACCOUNTS Capital paid in 1,237 + 2 + 73 Surplus 1,203 — + 58 Other capital accounts 305 - 8 + 42 Figures in parentheses are the eliminations made in the consolidating process. Estimated (Richmond District). 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 $5,642 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $250 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 27, 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 1,810 -- 2,923 -3,643 178 -43 16 days to 90 days 41 -- 20,442 -2,221 471 +12 91 days to 1 year — -- 30,774 + 818 1,853 +97 Over 1 year to 5 years -- -- 34,297 -- 4,593 -65 Over 5 years to 10 years -- -- 13,042 -- 982 -- Over 10 years — ••5555 1155,,771155 — 664433 - 1 Total 1,851 111177,,119933 -5,046 88,,772200 -- 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 27, 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 391 28 19 15 51 42 40 19 25 16 40 27 69 Loans 1,851 68 172 255 117 215 37 259 108 117 205 150 148 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 40,769 1,736 11,869 1,459 2,960 3,254 1,296 6,224 1,511 610 1,864 2,550 5,436 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 1,102 2,347 Total bought outright 2 117,193 4,989 34,118 4,194 8,508 9,356 3,724 17,891 4,343 1,753 5,360 7,332 15,625 Held under repurchase agreements 1 -- -- — -- — — — -- -- -- -- -- — Total U.S. government securities 117,193 4,989 34,118 4,194 8,508 9,356 3,724 17,891 4,343 1,753 5,360 7,332 15,625 Total loans and securities 127,764 5,428 36,829 4,761 9,258 10,267 4.038 19,481 4,774 2,000 5,964 8,028 16,936 Cash items in process of collection 14,940 690 1,483 438 756 2,302 2,374 1,071 745 771 1,600 1,337 1,373 Bank premises 470 99 21 52 25 93 35 17 14 28 22 14 50 Other assets 3 9,532 293 2,540 363 691 558 620 1,578 286 257 400 559 1,387 Interdistrict settlement account -0- + 70 +2,541 + 150 - 838 + 533 - 871 + 241 93 - 291 + 468 + 312 -2,222 TOTAL ASSETS 167,069 7,465 47,403 6,430 10,963 14,987 6,755 24,519 6,311 3,011 9,159 11,068 18,998 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 $ 5,642 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 250 million securities loaned-fully secured by U.S, government securities. 3 includes assets denominated in foreign currencies, revalued monthly at market exchange rates. * Estimated (Richmond 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 May 27 , 1981 Millions of dollars * Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 123,867 6,226 36,841 5,007 8,989 11,062 3,158 19,173 4,716 1,632 5,986 7,415 13,662 Deposits: Depository institutions 24,084 731 4,935 962 1,073 1,333 1,734 3,849 856 622 1,441 2,344 4,204 U.S. Treasury -general account 2,880 2,880 Foreign—official accounts 299 7 99 10 21 14 20 40 8 9 12 16 43 Other" 247 1 214 1 1 13 4 3 2 1 2 2 3 Total deposits 27,510 739 8,128 973 1,095 1,360 1,758 3,892 866 632 1,455 2,362 4,250 Deferred availabil ty cash items 10,982 332 1,382 267 511 2,247 1,545 728 566 616 1,455 980 353 Other liabilities and accrued dividends 1/ 1,965 90 354 81 156 168 101 326 79 34 142 137 n)7 TOTAL LIABILITIES 164,324 7,387 46,705 6,328 10,751 14,837 6,562 24,119 6,227 2,914 9,038 10,894 18,562 CAPITAL ACCOUNTS Capita! paid in 1,237 33 311 46 96 63 93 179 37 47 54 79 199 Surplus 1,203 33 306 46 95 62 90 177 36 38 52 74 194 Other capital accounts 305 12 81 10 21 25 10 44 11 12 15 21 43 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 167,069 7,465 47,403 6,430 10,963 14,987 6,755 24,519 6,311 3,011 9,159 11,068 18,998 FFEEDDEERRAALL RREESSEERRVVEE AAGGEENNTTSS'' AACCCCOOUUNNTTSS FF..RR.. nnootteess oouuttssttaannddiinngg 143,959 7,287 40,767 7,107 10,004 12,292 5,489 20,711 5,573 2,192 7,213 9,245 16,079 LLeessss--HHeelldd bbyy FF..RR.. BBaannkkss 20,092 1,061 3,926 2,100 1,015 1,230 2,331 1,538 857 560 1,227 1,830 2,417 FF.. RR.. nnootteess,, nneett 123,867 6,226 36,841 5,007 8,989 11,062 3,158 19,173 4,716 1,632 5,986 7,415 13,662 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 9 9 UU..SS.. ggoovvtt,, aanndd aaggeennccyy sseeccuurriittiieess 109,886 5,360 32,871 4,356 7,969 9,870 2,639 17,061 4,156 1,402 5,321 6,624 12,257 Total collateral | 123,867 6,226 36,841 5,007 8,989 11,062 3,158 19,173 4,716 1,632 5,986 7,415 13,662 1 Inciudes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. * Estimated (Richmond District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis