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 H.4.1 For Immediate release July 2, 1981 da Averages of dally figu res Reserves of Depository Institutions, Week ended 1 Change from week ended Wednesday Reserve Bank credit, July 1, * June 24^ [ July 2, July 1, and related Items 1981 1 1981 L ,1980 1981 Reserve Bank credit: Yf (In mil lions of fl oliirVj \-f U.S. Government securities-- Bought outright—System account 120,684 - 287 - 2,753 12002$ Held under repurchase agreements 656 + 9 + 115 — Federal Agency obligations-- Bought outright 8,703 _ 4 - 172 8,694 Held under repurchase agreements 88 - % + 59 — Acceptances— Bought outright .. „„ Held under repurchase agreements 522 + 380 + 421 " Loans— To depository Institutions 1,735 _ 570 + 1,386 4,128 Includes seasonal borrowing of: 306 -- + 299 271 Float 3,310 + 733 - 277 '3,550 Other F.R. assets 10,461 + 46 + 4,897 11.043 Total Reserve Bank credit 146,159 + 210 + 3,727 147,691 Gold Stock 11,154 -- 18 11,154 Special Drawing Rights certlf. acct. 2,889 + 71 - 129 3,068 Treasury currency outstanding 13,577 + 6 + 253 13,580 173,780 + 288 + 3,834 175,493 Currency In circulation ** 136,823 + 176 + 9,863 137,782 Treasury cash holdings ** 500 - 4 27 500 Treasury deposits with F.R. Banks 3,213 + 192 + 122 3,700 Foreign deposits with F.R. Banks 281 - 29 - 117 275 Other deposits with F.R. Banks 400 + 79 - 1,015 931 Other F.R. liabilities and capital 5,185 - 74 + 245 5,283 146,402 + 341 + 9,071 148,471 Reserve balances with F.R. Bsnks 3/ 27,377 - 53 - 5,238 27,021 Total vault cash (estimated) ~ 18,323 + 1 ,019 N/A 18,325 a) Vault cash at Institutions with required reserve balances 12,573 + 666 + 2,601 12,573 b) Vsult cash equal to required reserves at other institutions 1,285 + 55 N/A 1.285 c) Surplus vault cash at other institutions 4/ 4,467 + 298 N/A 4,467 Reserve balances + total vault cash 5/ 45,779 + 961 N/A 45,423 Reserve balances + total vault cash ~~ used to satisfy reserve requirements 5/(5// 41,312 + 663 - 2,757 ' 40,956 Required reserves (estimated) ~ 40,830 + 545 - 2,948 40,830 Excess reserve balances st F.R. Banks 5/7/ 482 + 118 + 191 126 On July I, 1981, marketable U.S. Government securities held in custody by the Federal Reserve banks for foreign official and interna tional accounts were $97,474 million, an increase of §1,628 million for the week. Net of $2,355 million, daily average, matched sale-purcnase transactions outstanding during the latest statement week, of which a net of $2,355 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. 2/ Net of $2,763 mil lion matched sale-purchase transactions outstanding at the end of the latest statement week, of whicn a net of $2,763 million was with foreign official and international accounts.' Includes $282 million securities loaned—fully secured Dy U.S. Government securities. y Includes ail 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 $77 million waivers of pe; ies for reserve deficiencies in accordance with board policy et. , r.ive November 19 1975. 6/ Keserve 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 10 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 (St. Louis and Dallas Districts). 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 **** JJuullyy 11,, 11998811 June 24, 1981 July 2, 1980 ASSETS Gold certificate account 11,154 18 Special Drawing Rights certif. acct. 3,068 + 250 + 50 Coin 374 23 19 Loans 4,128 + 2,325 + 3,708 Acceptances- Held under repurchase aggreements Federal agency abligations— 8,694 13 181 Bought outright Held under repurchase agreements 1 U.S. government securities: 43,852 916 4,949 Bought outright-Bills 58,818 644 Notes 17,606 1,503 Bonds 120,276 + 916 - 2,802 Total bought outright 2 -- -- Held under repurchase agreements 1 120,276 + 916 - 2,802 Total U.S. government securities 133 ,098 + 3,228 + 725 Total loans and securities ( 3,081) 10 ,923 - 347 . 358 Cash items in process of collection 474 + 33 Bank premises 10 ,569 + 582 + 5,352 Other assets 3 ( 3,081) 169,660 + 3,690 + 5,765 TOTAL ASSETS LIABILITIES Federal Reserve notes 125,077 831 9,439 Deposits: Depository institutions 27,021 + 899 - 4,584 U.S. Treasury—general account 3,700 + 791 + 110 Foreign—official accounts 275 + 38 + 18 Other ( 3) 931 ++ 664477 253 Total deposits ( 3) 31,927 ++ 22,,337755 —— 4,709 Deferred availability cash items ( 3,078) 7,373 + 418 + 578 Other liabilities and accrued dividends 4 2,530 ++ 7755 ++ 291 TOTAL LIABILITIES ( 3,081) 166,907 ++ 33,,669999 ++ 5,599 CAPITAL ACCOUNTS Capital paid in 1,245 — 1 + 75 Surplus 1,203 -- + 58 Other capital accounts 305 - 8 + 33 * 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 officii! and inter national accounts, of which $ -0- million was outstanding at the end of the latest statement week. 2 Net of $ 2,763 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 232 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 r >gn exchange commitments. ** Estimated (St. Louis and Dallas Districts). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, July 1, 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. g-**prnment securities Federal u gency obligation;; LLooaannss AAcccceeppttaanncceess Holdii' | Weekly changes Holdings | Weekly changes Within 15 days 4,054 -- 3,070 - 547 J 214 16 days to 90 days 74 -. 22,77-9 + 936 446 3 91 days to 1 year ... .- 31.7*2 + 948 1,983 + 204 Over 1 year to 5 years -- -- 33,923 - 421 4,636 -- Over 5 years to 10 years -- -- 13,042 -- 982 -- Over 10 years -- -- 1155,,771155 644 " "* Total -- 112200,,227766 ++ ""991166"" 8,694 1.3 4,12ff 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 July 1, 1981 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City * Dallas F rancisco 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. 3,068 153 879 130 234 266 91 480 119 45 142 178 351 Coin 374 24 19 14 50 41 41 14 23 15 35 28 70 Loans 4,128 40 1,661 109 61 218 48 1,225 63 77 245 40 341 Acceptances held under repurchase agreements Federal agency obligations: Bought outright 8,694 370 2,531 311 631 694 276 1,328 322 130 398 544 1,159 Held under repurchase agreements 1 U.S. government securities: Bought outright—Bills 43,852 1,867 12,767 1,569 J,L84 3,500 1,394 6,695 1,625 656 2,003 2,743 5,847 Notes 58,818 2,504 17,123 2,105 4,2 70 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 2 120,276 5,120 35,016 4,304 8,732 9,602 3,822 18,362 4,457 1 ,799 5,501 7,525 16,036 Held under repurchase agreements 1 Total U.S. government securities 120,276 5,120 35,016 4,304 8,732 9,602 3,822 18,362 4,457 1 ,799 5,501 7,525 16,036 Total loans and securities 133,098 5,530 39,208 4,724 9,424 10,514 4,146 20,915 4,842 2 ,006 6,144 8,109 17,536 Cash items in process of collection 14,004 675 960 455 672 2,647 1,777 1,483 770 686 2,250 1,073 556 Bank premises 4 74 99 21 52 25 94 36 17 14 28 22 14. 52 Other assets 3 10,569 298 3,422 400 688 573 634 1,313 299 251 545 584 1,562 Interdistrict settlement account -0- + 10 + 5,731 - 145 - 659 + 583 - 498 -2,309 195 244 -1,030 + 712 - 1,956 TOTAL ASSETS 1Z2,741 7,506 53,403 6,161 11,239 15,665 6,663 23.584 6.522 2 .976 8.642 U,M$ 19.254 1 Does not include U.S. government and federal agency securities resold under matched sale-purchase transactions to foreign offici&i aitd international accounts, of which $ -0- million was outstanding at the end of the latest statement week. 2 Net of $ 2 ,763 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 282 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 and St. Louis Districts). 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 JULY 1 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 LIABILITIES Federal Reserve notes 125,077 6,378 37,416 5,054 8,986 11,372 3,085 19,263 4,751 1,520 6,005 7,524 13,723 Deposits: Depository Institutions 27,021 640 8,472 658 1,447 1,350 1,863 2,942 790 739 1,158 2,563 4,399 U.S. Treasury -general account 3,700 3,700 Foreign—official accounts 275 7 82 10 21 13 19 38 8 8 11 16 42 Other 934 1 908 1 9 5 3 1 1 2 1 2 Total deposits 31,930 648 13,162 668 1,469 1,372 1,887 2,983 799 748 1,171 2,580 4,443 Deferred availability cash items 10,451 308 1,293 258 416 2,558 1,404 604 609 576 1,250 890 285 Other liabilities and accrued dividends 1 2,530 95 816 77 159 217 95 339 82 35 96 146 373 TOTAL LIABILITIES 169,988 7,429 52,687 6,057 11,030 15,519 6,471 23,189 6,241 2,879 8,522 11,140 18,824 CAPITAL ACCOUNTS Capital paid in 1,245 33 316 47 96 63 93 180 37 47 55 79 199 Surplus 1,203 33 306 46 95 62 90 177 36 38 52 74 194 Other capital accounts 305 11 94 11 18 21 9 38 8 12 13 33 37 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 172,741 7,506 53,^03 6,161 11,239 15,665 6,663 23,584 6,322 2,976 8,642 11,326 19,254 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 145,316 7,456 41,216 7,264 10,011 12,419 5,538 20,972 5,509 2,156 7,175 9,567 16,033 Less-Held by F.R. Banks 20,239 1,078 3,800 2,210 1,025 1,047 2,453 1,709 758 636 1,170 2,043 2,310 F.R. Notes, Net 125,077 j 6,378 37,416 5,054 8,986 11,372 3,085 19,263 4,751 1,520 6,005 7,524 13,723 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. 3,068 153 879 130 234 266 91 480 119 45 142 178 351 Other eligible assets 18 18 U.S. govt, and agency securities j 110,837 5,490 33,374 4^393 7,947 10,159 2,558 17,112 4,182 1,286 5,329 6^718 12,289 Total collateral j 125,077 1 6,378 37,416 5,054 8,986 11,372_ 3.085 ,19.263 4.751 1.520 6^005 J,524 13,723 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. * Estimated (Dallas and St. Louis Districts). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis