H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Ws: Factors Affecting Reserves of Depository Institutions and ?«xns*Y Condition Statement of F,R. Banks For immediate release June 5, 1981 Averages of daily figures Reserves of depository institutions, Week ended Change from week ended Wednesday Reserve Bank credit, June 3, May 27, 1 June 4, June 3, and related items 1981* 1981 1 1980 1981* Reserve Bank credit: (In millions of doll ars) U.S. Government securities-- - Bought outright—System account -'lttiW 665 1,736 -' 121,375 Held under repurchase agreements " — - 2,009 — Federal Agency obligations-- Bought outright 8,720 -- - 157 8,720 Held under repurchase agreements Acceptances-- " - - 377 -- Bought outright Held under repurchase agreements -- - - 376 -- Loans— To depository institutions 1,954 969 + 1,495 f 5,742 Includes seasonal borrowing of: 287 22 + 266 278 Float 4,099 + 1,728 + 156 4,838 Other F.R. assets 9.490 374 +_ 4.401 ' 9.517 Total Reserve Bank credit 143,710 - 280 + 1,398 j 150,192 Gold Stock 11,154 -- - 18 11,154 Special Drawing Rights certif. acct. 2,818 -- - 150 2,818 Treasury currency outstanding 13.557 + 6 + 174 13.559 171,238 - 274 + 1,403 177,723 Currency in circulation ""* 136,168 + 210 + 10,314 136,657 Treasury cash holdings ** 502 - 4 - 55 502 Treasury deposits with F.R. Banks 2,982 + 152 - 904 4,127 Foreign deposits with F.R. Banks 314 + 56 - 136 186 Otlier deposits with F.R. Banks 401 + 160 - 859 441 Other F.R. liabilities and capital 4.515 - 369 - 484 4.224 144,882 + 205 + 7,876 146,137 . . Reserve balances with F.R. Banks 3/ 26,356 479 6,474 31,586 Total vault cash (estimated) ~* 18,249 + 622 N/A 18,249 a) Vault cash at institutions with required reserve balances 12,379 + 439 + 2,679 12,379 b) Vault cash equal to required reserves at other institutions 1,414 + 30 N/A 1,414 c) Surplus vault cash at other institutions 4/ 4,456 + 153 N/A 4,456 Reserve balances + total vault cash 5/ 44,692 + 140 N/A 49,922 Reserve balances + total vault cash - . used to satisfy reserve requirements 5/6/ 40,236 13 3,922 45,466 Required reserves (estimated) 39,855 + 45 - 3,911 ! 39,855 Excess reserve balances at F.R. Banks 5/7/ 381 - 58 - 11 i 5,611 On June 3, 1981, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and interna tional accounts were $96,536 million, a decrease o£ $980 million for the week. 1/ Net of $3,375 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $1,613 million was with foreign official and international accounts. Includes securities loaned—rully secured by U.S. Government securities. 2/ Net of $1,369 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net. of $1,369 million was with foreign official and international accounts. Includes $345 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 $87 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. 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. Tj 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 District). ** Estimated (Treasury's figures). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

HA't (z) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS Millions of riclters 1 Cha ige since ** WWeeddnneessddaayy **** | May 27, 1981 \ June 4, 1980 June 3, 1981 i ASSETS Gold certificate account 11,154 1188 Special Drawing Rights certif. acct. 2,818 _. 115500 Coin 378 . 13 — 6 Loans 5,742 + 3,891 + 5,490 Acceptances- Held under repurchase aggreements -- __ — 467 Federal agency abli gat ions- Bought outright 8,720 — . 157 Held under repurchase agreements 1 — — - 393 U.S. government securities: Bought outright—Bills 44,951 + 4,182 . 2,223 Notes 58,818 — + i;393 Bonds 1177,,660066 — . ++ 1,632 Total bought outright2 112211,,337755 + 4,182 ++ 802 Held under repurchase agreements 1 -- .. 936 Total U.S. government securities 121,375 + 4,182 134 Total loans and securities 135,837 + 8,073 + 4,339 Cash items in process of collection (2,912 ) 11,118 - 845 732 Bank premises 475 + 5 + 25 Other assets 3 9,042 - 456 + 4,381 TOTAL ASSETS (2,912 ) 170,822 + 6,764 + 7,839 LIABILITIES Federal Reserve notes 123,978 + 16 + 10,062 Deposits: D U e . p S o . T s r i e to as r u y r y— in ge s n t e i r t a u l t a i c o c n o s u nt 3311,,558866 + 7,502 - 975 44,,112277 Foreign-official accounts + 1,247 + 790 118866 Other 113 331 TToottaall ddeeppoossiittss ttt 555 ))) 444411 + 196 - 873 DDeeffeerrrreedd aavvaaiillaabbiilliittyy ccaasshh iitteemmss [[[ 555 ))) 3366,,334400 + 88,,883322 - 11,,338899 Other liabilities and accrued dividends 4 222,,,999000777 ))) 66 228800 11,,660011 117744 TOTAL LIABILITIES fe,912 ) --BBHHBB-- - 288 + 615 6,959 7,884 CAPITAL ACCOUNTS Capital paid in 1,235 . 2 + 71 Surplus 1,203 -- + 58 Other capital accounts 109 - 193 174 * 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 an idnter national accounts, of which $ 0 million was outstanding at the end of the latest statement week. 2 Net of $1,369 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 345 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, June 3, 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 5,592 _. 6,294 + 3,371 88 90 16 days to 90 days 150 „— 21,666 + 1,224 533 + 62 91 days to 1 year .. „_ 30,309 465 1,867 + 14 Over 1 year to 5 years _. .- 34,349 + 52 4,607 ' + 14 Over 5 years to 10 years .. .. 13,042 -- 982 Over 10 years «. .. 1155,,771155 — 664433 ~ Total 5,742 -- 112211,,337755 + 4,182 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 June 3, 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 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 378 27 17 15 50 41 40 16 24 15 38 27 68 Loans 5,742 64 3,376 41 129 190 51 1,255 107 68 157 33 271 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 44,951 1,913 13,087 1,609 3,264 3,588 1,428 6,862 1,666 673 2,055 2,812 5,994 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 2 121,375 5,166 35,336 4,344 8,812 9,690 3,856 18,529 4,498 1,816 5,551 7,594 16,183 Held under repurchase agreements 1 .- -- -- -- -- -- -- -- -- -- -- -- -- Total U.S. government securities 121,375 5,166 35,336 4,344 8,812 9,690 3,856 18,529 4,498 1,816 5,551 7,594 16,183 Total loans and securities 135,837 5,601 41,251 4,697 9,574 10,576 4,184 21,115 4,928 2,014 6,107 8,173 17,617 Cash items in process of collection 14,030 389 1,563 437 716 2,417 1,886 2,045 593 687 1,401 1,228 668 Bank premises 475 99 21 52 30 93 35 17 14 28 22 14 50 Other assets 3 9,042 277 2,514 409 650 506 581 1,283 270 242 381 529 1,400 Interdistrict settlement account 0 + 266 -1- 4,284 - 184 - 704 8 - 620 -2,165 - 247 . -212 + 141 +296 - 847 TOTAL ASSETS "173,734 7,516 531620 6,077 11.336 14,817 6,625 241423 6,142 " 3,004 B,755 11.058 " 20,361 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 $ 1,369 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 345 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 June 3, 1981 Millions of dollars * Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis j City Dallas Francisco LIABILITIES Federal Reserve notes 123,978 6,269 36,889 4,996 8,998 11,133 3,056 19,212 4,716 1,625 5,998 7,433 13,653 Deposits: Depository Institutions 31,586 786 10,466 637 1,595 1,075 1,963 3,880 796 659 1,317 2,749 5,663 U.S. Treasury—general account 4,127 4,127 Foreign—official accounts 186 5 48 7 15 9 14 27 6 6 8 11 30 Other 446 3 329 4 12 25 11 20 4 4 7 8 19 Total deposits 36,345 794 14,970 648 1,622 1,109 1,988 3,927 806 669 1,332 2,768 5,712 Deferred availability cash items 9,187 290 1,008 254 363 2,268 1,309 583 464 584 1,213 552 299 Other liabilities and accrued 1.677 91 97 82 157 171 92 330 81 34 101 142 299 TOTAL LIABILITIES 171,187 7,444 52,964 5,980 11,140 14,681 6,445 24,052 6,067 2,912 8,644 10,895 19,963 CAPITAL ACCOUNTS Capital paid in 1,235 33 311 46 96 64 90 179 37 47 54 79 199 Surplus 1,203 33 306 46 95 62 90 177 36 38 52 74 194 Other capital accounts 109 6 39 5 5 10 15 2 7 5 10 5 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 173,734 7,516 53,620 6,077 11,336 14,817 6,625 24,423 6,142 3,004 8,755 11,058 20,361 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 144,094 7,265 40,843 7,130 10,002 12,244 5,454 20,829 5,550 2,195 7,237 9,281 16,064 Loss-Held by F. R. Banks 20.116 996 3.954 2.134 1,004 1.111 2,398 1,617 834 570 1.239 1,848 2.411 F.R. Notes, Net 123,978 6,269 36,889 4,996 8,998 11,133 3,056 19,212 4,716 1,625 5,998 7,433 13,653 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 bL'net eligible assets U.S. govt, and agency securities 110.006 5,412 32.919 4.345 7,978 9.941 2,537 17.100 4.156 1.395 5.333 6.642 12.248 Total collateral 123,978 | 6,269 36,889 4,996 8,998 11,133 3,056 19,212 4,716 1,625 5.998 7,433 13.653 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