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 For immediate release June 12, 1981 Averages of daily figures Reserves of Depository Institutions, Week ended Change from week ended Wednesday Reserve Bank credit, June 10, June 3, June 11, June 10, and related items 1981 1981 1980 1981 Reserve Bank credit: \f (In millions of dollars) 1/ U.S. Government securities- Bought outright—"System account 118,900 547 2,686 116,749 Held under repurchase agreements Federal Agency obligations- Bought outright 8,718 158 8,707 Held under repurchase agreements Acceptances- Bought outright Held under repurchase agreements Loans— To depository institutions 2,207 + 253 1,806 3,613 Includes seasonal borrowing of: 277 - 10 262 277 Float 3 628 356 - 707 4,077 Other F.R. assets 9 ,418 73 + 4.310 9.575 Total Reserve Bank credit 142, 870 726 + 2,563 142,721 Gold Stock 11, 154 - 18 11,154 Special Drawing Rights certif. acct. 2 ,818 - 150 2,818 Treasury currency outstanding 13. 561 + 286 13.565 170,403 721 + 2,681 170,258 Currency in circulation * 136,654 486 + 10,441 137,372 Treasury cash holdings * 505 3 44 505 Treasury deposits with F.R. Banks 2,613 369 271 2,391 Foreign deposits with F.R. Banks 323 9 24 238 Other deposits with F.R. Banks 346 55 935 400 Other F.R. liabilities and capital 4.368 147 592 4.340 144,810 72 + 8,575 145,246 'Reserve balances with F.R. Banks 3/ 25,593 649 - 5,894 25,011 Total vault cash (estimated) "" 18,312 63 N/A 18,312 a) Vault cash at institutions with required reserve balances 12,379 + 2,558 12,379 b) Vault cash equal to required reserves at other institutions 1,433 19 N/A c) Surplus vault cash at other institutions 4/ 4,500 44 N/A 4,500 Reserve balances + total vault cash 5/ 43,992 586 N/A 43,410 Reserve balances + total vault cash "* used to satisfy reserve requirements 5/6/ 39,492 630 - 3,466 38,910 Required reserves (estimated) ~ 39,262 593 - 3,547 39,262 Excess reserve balances at F.R. Banks 5/2/ 230 37 + 81 352 On June 10,1981, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and interna tional accounts were $97,410 million, an increase of $874 million for the week. 1/ Net of $3,899 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $1,573 million was with foreign official and international accounts. Includes securities loaned"-fully secured by U.S. Government securities. 2/ Net of $6,290 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $2,128 million was with foreign official and international accounts. Includes $249 million securities loaned—fully secured by U.S. Government securities. 3/ Includes all reserve balances of depository institutions. 47 Total vault cash at institutions without required reserve balances less vault cash equal to their required reserves. 5J Adjusted to include $87 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. bj 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 (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 JJuunnee 1100,, 11998811 June 3, 1981 June 11, 1980 ASSETS Gold certificate account 11,154 18 Special Drawing Rights certif. acct. 2,818 150 Coin 382 + 4 8 Loans 3,613 2,129 + 3,284 Acceptances- Held under repurchase aggreements Federal agency abligations- 8,707 13 168 Bought outright Held under repurchase agreements 1 U.S. government securities: 40,325 - 4,626 - 8,461 Bought outright-Bills 58,818 .. + 1,393 Notes 17,606 — ++ 1,632 Bonds 116,749 - 4,626 5,436 Total bought outright 2 Held under repurchase agreements 1 116,749 - 4,626 . 5,436 Total U.S. government securities 129,069 - 6,768 - 2,320 Total loans and securities ( 2,770) 9,318 - 1,795 - 235 Cash items in process of collection 471 + 1 + 27 Bank premises 9,104 + 52 + 4,364 Other assets 3 ( 2,770) 162,316 - 8,506 + 1,660 TOTAL ASSETS LIABILITIES Federal Reserve notes 124,695 717 10,197 Deposits: Depository Institutions 25,011 - 6,575 - 5,670 U.S. Treasury—general account 2,391 - 1,736 - 579 Foreign-official accounts 238 + 52 - 77 Other ( 1) 400 - 41 - 948 Total deposits < l\ 28,040 - 8,300 - 7,274 Deferred availability cash items 5,241 - 1,039 - 733 Other liabilities and accrued dividends 4 v 2,769) - 62 - 673 TOTAL LIABILITIES (2,770) 159,591 - 8,684 + 1,517 CAPITAL ACCOUNTS Capital paid in 1,237 + 2 + 73 Surplus 1,203 + 58 Other capital accounts 285 + 176 + 12 * 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 inter national accounts, of which $ -0- million was outstanding at the end of the latest statement week. 2 Netof$6,290 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $249 million securities loaned-fully secured by U.S. government securities. 3 Includes assets denominated in foreign currencies, revalued monthly at nfa'rket exchange rates* 4 Includes exchange-translation account reflecting the monthly revaTuittan at market exchange rates of1 foreign exchange commitments. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, June 10, 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 3,481 — 5,450 - 844 -0- - 88 16 days to 90 days 132 -- 17,704 - 3,962 533 91 days to 1 year -- -- 30,489 + 180 1,912 + 45 Over 1 year to 5 years -- -- 34,349 — 4,636 + 29 Over 5 years to 10 years -- — 13,042 .. 982 Over 10 years ... 1155..771155 — 644 _+ 1_ Total 3,613 -- 111166,,774499 - 4,626 8,707 - 13 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 10, 1981 Millions of dollars Kansas Sari T 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 382 27 21 17 50 41 40 16 22 15 39 27 67 Loans 3,613 240 1,284 94 176 320 44 682 71 57 198 129 318 Acceptances held under repurchase agreements -- -- ~ — — -- -- -- -- -- -- — -- Federal agency obligations: Bought outright 8,707 371 2,535 311 632 695 277 1,329 323 130 398 545 1,161 Held under repurchase agreements 1 -- -- -- -- -- -- -- -- -- -- -- -- -- U.S. government securities: Bought outright—Bills 40,325 1,717 11,740 1,443 2,928 3,219 1,281 6,156 1,495 603 1,844 2,523 5,376 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 2 116,749 4,970 33,989 4,178 8,476 9,321 3,709 17,823 4,327 1,746 5,340 7,305 15,565 Held under repurchase agreements 1 -. -- -- -- -- _- -- — -- — -- -- -- Total U.S. government securities 116,749 4,970 33,989 4,178 8,476 9,321 3,709 17,823 4,327 1,746 5,340 7,305 15,565 Total loans and securities 129,069 5,581 37,808 4,583 9,284 10,336 4,030 19,834 4,721 1,933 5,936 7,979 17,044 Cash items in process of collection 12,088 431 1,325 370 581 2,214 1,756 1,601 513 568 1,168 873 688 Bank premises 471 99 21 52 25 93 35 17 14 28 22 14 51 Other assets 3 9,104 293 2,455 384 683 517 613 1,292 285 248 390 560 1,384 Interdistrict settlement account -0- + 353 + 4,360 + 147 - 510 + 177 - 770 -1,580 - 95 -186 + 340 +230 -2,466 TOTAL ASSETS 165.086 ~ 7,641 49.960 6.204 11,133 14.570 6.223 23,292 $.039 2,836 8,560 10f474 18,173 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 $ 6,290 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $249 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 June 10, 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 124,695 6,306 37,100 5,068 9,062 11,193 3,096 19,316 4,760 1,548 6,035 7,504 13,707 Deposits: Depository Institutions 25,011 906 8,817 755 1,377 922 1,658 2,636 645 671 1,230 1,994 3,400 U.S. Treasur y--general account 2,391 2,391 Foreign—official accounts 238 5 99 7 15 10 14 27 6 6 8 11 30 Other 401 1 359 1 16 2 4 13 1 2 1 1 Total deposits 28,041 912 11,666 762 1,393 948 1,674 2,667 664 678 1,240 2,006 3,431 Deferred availability cash items 8,010 257 441 198 314 2,115 1,158 589 429 483 1,067 652 307 Other liabilities and accrued dividends U 1,615 89 56 75 154 167 108 322 78 34 96 139 297 TOTAL LIABILITIES 162,361 7,564 49,263 6,103 10,923 14,423 6,036 22,894 5,931 2,743 8,438 10,301 17,742 CAPITAL ACCOUNTS Capital pdid in 1,237 33 311 46 96 64 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 285 11 80 9 19 21 4 42 16 8 16 21 38 TOTAL LIABILITIES AND CAPITAL 165,086 7,641 49,960 6,204 11,133 14,570 6,223 23,292 6,020 2,836 8,560 10,474 18,173 ACCOUNTS FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 144,091 7,315 40,863 7,134 10,010 12,195 5,397 20,949 5,534 2,186 7,195 9,309 16,004 Less-Held by F.R. Banks 19.396 1,009 3,763 2,066 948 1,002 2,301 1,633 774 638 1,160 1,805 2,297 F.".. Notes. Net 124,695 6,306 37,100 5,068 9,062 11,193 3,096 19,316 4,760 1,548 6,035 7,504 13,707 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 109 109 0 0 0 0 0 0 0 0 0 0 0 U.S. govt, and agency securities 110,614 5,340 33,130 4,417 8,042 10,001 2,577 17,204 4.200 1,318 5.370 6,713 12,302 Total collateral 124,695 6,306 37,100 5,068 9,062 11,193 3,096 19,316 4,760 1,548 6,035 7,504 13,707 V 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