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 19, 1981 Averages of dally flgt ret . Reserves of Depository Institutions, Week ended Change from week ended Wednesday Reserve Bank credit, June 17, June 10, June 18, June 17, and related items 1981* 1 1981 1980 1981* Reserve Bank credit: {j (In mill Lons of < ollars) V U.S. Government securities- Bought outright--System account 120,655 + 1 ,755 + 596 121,346 Held under repurchase agreements -- -- - 1,082 — Federal Agency obligations— Bought outright 8,707 - 11 . 168 8,707 Held under repurchase agreements -- -- - 251 -- Acceptances-- Bought outright ~" Held under repurchase agreements • :: - 245 Loans— To depository institutions 1,895 _ 312 + 1,499 6,357 Includes seasonal borrowing of 279 + 2 + 268 279 Float 3,538 - 109 _ 304 4,846 Other F.R. assets 9,760 +_ 342 +_ 4.314 10,467 Total Reserve Bank credit 144,556 + ~T, 667 + 4,359 151,723 Gold Stock 11,154 -_ - 18 11,154 Special Drawing Rights certif. acct. 2,818 -- - 150 2,818 Treasury currency outstanding 13,567 + 6 ±_ 289 13.570 172,095 + ~T, 673 + 4,480 179,265 Currency in circulation ;** 136,969 + 316 + 10,433 137,231 Treasury cash holdings ** 505 - 1 - 41 510 Treasury deposits with F.R. Banks 3,196 + 583 + 1,173 5,215 Foreign deposits with F.R. Banks 258 - 65 - 18 196 Other deposits with F.R. Banks 391 + 45 - 964 435 Other F.R. liabilities and capital 4,638 ±__ 270 - 442 4.726 145,957 + ~~T,1 47 + 10,141 148,313 Reserve balances with F.R. Banks 3/ 26,138 + 526 - 5,661 30,951 Total vault cash (estimated) 18,846 + 534 N/A 18,846 a) Vault cash at institutions with required reserve balances 12,756 + 377 + 2,766 12,756 b) Vault cash equal to required reserves at other institutions 1,417 - 16 N/A 1,417 c) Surplus vault cash at other institutions 4/ 4,673 + 173 N/A 4,673 Reserve balances + total vault cash 5/ 45,069 + 1 ,058 N/A 49,882 Res u e se rv 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 i c r a e s me h n ts 5/6/ ^0,396 + 885 - 3,026 45,209 Required reserves (estimated) 40,223 + 961 - 3,045 40,223 Excess reserve balances at F.R. Banks !J 1J 173 - 76 + 19 4,986 On June 17, 1981, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and interna tional accounts were $95,853 million, a decrease of $1,557 million for the week. JL/ Net of $2,384 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $1,773 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. 2/ Net of $1,693 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $1,693 million was with foreign official and international accounts. Includes $236 million securities loaned—fully secured by U.S. Government securities. 3/ Includes all reserve balances of depository institutions. 4V 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 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. 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). ** Estimated (Dallas 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 JJuunnee 1177,, 11998811 June 10, 1981 June 18, 1980 ASSETS Gold certificate account 11,154 18 Special Drawing Rights certif. acct. 2,818 150 Coin 388 + 6 9 Loans 6,357 + 2,744 + 5,559 Acceptances- 367 Held under repurchase aggreements Federal agency abligations— 88,,770077 168 Bought outright 61 Held under repurchase agreements 1 U.S. government securities: 4444,,992222 + 4,597 3,221 Bought outright—Bills 5588,,881188 +++ 1,393 Notes 1177,,660066 +++___ 1,632 Bonds 112211,,334466 4- 4,597 196 Total bought outright 2 437 Held under repurchase agreements 1 121,346 -1- 4,597 633 Total U.S. government securities 136,410 + 7,341 +++~~~ 4,330 Total loans and securities (3,520 ) 11,540 + 2,222 +++ 139 Cash items in process of collection 472 + 1 +++ 21 Bank premises 9,995 + 891 +++___ 4,957 Other assets 3 (3,520) 172,777 +10,461 9,270 TOTAL ASSETS LIABILITIES Federal Reserve notes 124,560 135 +10,131 Deposits: Depository institutions 30,951 + 5,940 - 1,451 U.S. Treasury—general account 5,215 + 2,824 + 1,666 Foreign—official accounts 196 42 58 Other 435 + 35 - 965 Total deposits 36,797 + 8,757 808 Deferred availability cash items (3,520) 6,694 + 1,453 + 332 Other liabilities and accrued dividends 4 1,956 + 341 - 592 TOTAL LIABILITIES ( 3,520) 170,007 +10,416 + 9,063 CAPITAL ACCOUNTS Capital paid in 1,244 + 7 + 75 Surplus 1,203 -- + 58 Other capital accounts 323 + 38 + 74 * 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 Net of $ l ,693million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 236 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 (Dallas District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES JUNE 17, 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 obligatio Loans Acceptances Holdings [ Weekly changes | Holding's | Weekly"ch?nge"s Within 15 days 6,245 5,754 217 +21? 16 days to 90 days 109 23,092 +5,388 449 - 84 91 days to 1 year 3 29,394 -1,095 1,779 -133 Over 1 year to 5 years 34,349 4,636 Over 5 years to 10 years 13,042 982 Over 10 years 15,715 644 Total 6,357 121,346 +4,597 8,707 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 17, 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. 2,818 140 307 120 215 245 83 441 no 41 131 163 322 Coin 388 26 21 16 50 42 43 17 23 15 38 28 69 Loans 6,357 85 3, i 5.9 26 513 173 199 1,076 63 68 247 189 559* 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 44,922 1,912 13,078 1,608 3,261 3,586 1,428 6,858 1,665 672 2,054 2,810 5,990 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 2 121,346 5,165 35,327 4,343 8,809 9,688 3,856 18,525 4,497 1 ,815 5,550 7,592 16,179 Held under repurchase agreements 1 -- -- -- -- _- -- -- -- -- -- -- -- -• Total U.S. government securities 121,346 5,165 35,327 4,343 8,809 9,6-88 3,856 18,525 4,497 1 ,815 5,550 7,592 16,179 Total loans and securities 136,410 5,621 41,021 4,680 9,954 10,556 4,332 20,930 4,883 2 ,013 6,195 8,326 17,899 Cash items in process of collection 15,060 427 919 536 780 3,339 2,225 1,584 592 715 1,573 1,411 959 Bank premises 472 99 21 52 25 94 35 17 14 28 22 14 51 Other assets 3 9,995 297 3,235 382 695 533 616 1,333 287 252 404 554 1,407 Interdistrict settlement account -0- + 457 +5,533 - 114 -1,098 - 303 -1,179 -2,166 - 131 - 309 32 - 211 - 447 TOTAL ASSETS 176,297 7,784 54,720 6,203 11,426 15,453 6,591 23,827 6,228 1_,9 44 8,865 10,913 21,343 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 $ 1,6 93 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 236 million securities loaned—fully secured by U.S. government securities. 3 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. * Estimated (Dallas 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 17, 1981 Millions of dollars Kansas San total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago $t Louis Minneapolis City Dallas Francisco LIABILITIES •, •! - • - Federal Reserve notes 124,560 6,294 37,010 4,989 8,941 11,264 3,253 19,202 4,730 1,539 6,010 7,601 13,727 Deposits: Depository institutions 30,951 995 10,281 716 1,641 1,257 1,662 3,195 807 670 1,350 1,992 6,385 U.S. Treasury —general account 5,215 5,215 Foreign—official accounts 196 5 57 7 15 10 14 27 6 6 8 11 30 Other 435 409 16 1 4 1 2 1 1 Total deposits 36,797 1,000 15,962 723 1,656 1,283 1,677 3,226 813 677 1,360 2,004 6,416 Deferred availability cash items 10,214 320 767 310 460 2,583 1,367 667 523 596 1,276 977 368 Other liabilities and accrued dividends * 1.956 92 273 79 157 173 100 330 78 36 98 142 398 TOTAL LIABILITIES 173,527 7,706 54,012 6,101 11,214 15,303 6,397 23,425 6,144 2,848 8,744 10,724 20,909 CAPITAL ACCOUNTS Capital paid in 1,244 33 316 46 96 64 93 180 37 47 54 79 199 Surplus 1,203 33 306 46 95 62 90 177 36 38 52 74 194 Other capital accounts 323 12 86 10 21 24 11 45 11 11 15 36 41 TOTAL LIABILITIES AND CAPITAL , ACCOUNTS 176,297 7,784 54,720 6,203 11,426 15,453 6,591 ?3,827 6,228 2,944 8,865 10,913 21,343 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 144,354 7,267 40,826 7,124 9,946 12,321 5,645 20,817 5,535 2,172 7,188 9,397 16,116 Less-Held by F.R. Banks 19,794 973 3,816 2.135 1.005 1.057 2,392 1.615 805 633 1.178 1,796 2.389 F. R. Notes, Net 124,560 6,294 37,010 4,989 8,941 11,264 3,253 19,202 4,730 1,539 6,010 7,601 13,727 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 110,588 5.437 33.040 4.338 7.921 10f072 2.734 17.090 4.170 1.309 5.345 6,810 12.322 Total collateral 124,560 6,294 37,010 4,989 ' 8,941 11,264 3,253 19,202 4,730 1,539 6,010 7,601_ 13.727 1 Includes exchange translation account reflecting the monthly revaluation at market expunge rate* of foreign exchange conmitments. * Estimated (Dallas District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis