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 July 10, 1981 Averages of <l ally figures =__ Reserves of Depository Institutions, Week ended Chang^from week ended Wednesday Reserve Bank credit, July 8,^ July 1, July 9, July 8, and related Items 1981 * 1 1981 1980 1981 Reserve Bank credit: {/(In millions of dpi lata) U U.S. Bo G u o gh ve t r n o m u e t n r t i gh s t e - c - u S r y i s t t i em e s- account 121,384 + 700 - 426. 122^979 Held under repurchase agreements 674 + 18 + 674 1,333 Federal Agency obligations-- _ - Bought outright d, 694 9 181 8,694 Held under repurchase agreements 262 + 174 + 262 537 Acceptances-- H B e o l u d gh t u nd o e u r tr i r g e h p t u rchase agreements 339 - 183 + 339 668 Loans-- To depository institutions 1,868 + 133 + 1,652 2,845 Includes seasonal borrowing of: 242 - 64 + 236 233 _ _ Float 3,045 287 2,619 3,104 Other F.R. assets 10.387 - 68 +_ 4.691 10.014 Total Reserve Bank credit 146,653 + 478 + 4,392 150,174 Gold Stock 11,154 -- - 18 11,154 Special Drawing Rights certlf. acct. 3,068 + 179 + 50 3,068 Treasury currency outstanding 13.583 +_ 6 +_ 290 13.584 174,458 + 663 + 4,714 177,980 Currency in circulation ** 138,346 + 1,501 + 9,980 139,349 Treasury cash holdings ** 497 + 10 - 23 500 Treasury deposits with F.R. Banks 2,934 - 279 - 168 2,853 Foreign deposits with F.R. Banks 406 + 125 + 55 292 Other deposits with F.R. Banks 572 + 168 - 637 521 Other F.R. liabilities and capital 5.225 + 42 +_ 339 4.613 147,980 + 1,568 + 9,546 148,128 Reserve balances with F.R. Banks 3/ 26,477 - 906 - 4,832 29,851 Total vault cash (estimated) 18,495 + 170 N/A 18,495 a) Vault cash at institutions with required reserve balances 12,729 + 156 + 2,482 12,729 b) Vault cash equal to required reserves at other institutions 1,309 + 24 N/A I 1,309 c) Surplus vault cash at other . institutions 4/ 4,457 10 N/A 4,457 Reserve balances + tolal vault cash 5/ 45,046 - 739 N/A 48,420 Reserve balances + total vault cash "~ _ _ used to satisfy reserve requirements 5/6// 40,589 729 2,469 43,963 Required reserves (estimated) 40,017 - 813 - 2,539 40,017 Excess reserve balances at F.R. Banks 5/7/ 572 + 84 + 70 3,946 On July 6, 1961, marketable U.S. Government securities held in custody by the Federal Reserve uanks for loreign official and interna tional accounts were $yb,37u million, an increase of $1,11)4 million for the week. U Net of $l,bb6 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of §1,656 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. 2/ Net of $61 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $61 million was with foreign official and international accounts. Includes $375 million securities loaned—fully secured by U.S. government securities. 3/ Includes all reserve balances ot depository institutions. 4_/ Total vault cash at institutions without required reserve balances less vault cash equal to their required reserves. 2/ Adjusted to include $74 million waivers ol 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. JJ 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 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 July 8, 1981 ** July 1, 1981 July 9, 1980 ASSETS Gold certificate account 11,154 „_ _ 18 Special Drawing Rights certif. acct. 3,068 __ + 50 Coin 365 - 9 _ 18 Loans 2,845 . 1,283 + 2,561 Acceptances- Held under repurchase aggreements 668 + 668 + 668 Federal agency abligations- Bought outright 8,694 __ — 181 Held under repurchase agreements 1 537 + 537 + 537 U.S. government securities: Bought outright-Bills 46,555 + 2,703 + 414 Notes 58,818 + 644 BBoonnddss 17,606 -- + 1,503 TToottaall bboouugghhtt oouuttrriigghhtt 22 122,979 + 2,703 4- 2,561 Tot H a e l ld U . u S n . d g e o r v r e e r p n u m rc e h n a t s s e e c a u g r r i e ti e e m s ents 1 m 1 - ,3 ,i 3 u 3 + + 4 1 , , 0 3 3 3 6 3 + + m la 333 Total loans and securities + 3l 958 + Cash items in process of collection (2,927) 9,504 - 1,337 - 4,132 Bank premises 475 + 1 + 32 Other assets 3 j ?.539 - 988 + 4.509 TOTAL ASSETS (2,927) ittJltU + JJA^ + 7^902 LIABILITIES Federal Reserve notes 126,631 + 1,499 ,+ 9,894 Deposits: Depository institutions 29,851 + 2,830 „ 953 U.S. Treasury—general account 2,853 _ 847 _ 351 Foreign—official accounts 292 + 17 — 9 Other ( 3 ') 521 . 440 . 493 Total deposits ( 3 ,) 33,517 + 1,560 _ 1,806 Deferred availability cash items (2,924 , ) 6,400 «. 780 219 Other liabilities and accrued dividends 4 1,850 . 680 _ 157 TOTAL LIABILITIES (2,927 ) 168,398 + 1,599 + 7,712 CAPITAL ACCOUNTS Capital paid in 1,(246 + 1 + 76 Surplus 1,203 -- + 58 Other capital accounts 314 + 25 + 56 * 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 $ 1,841million was outstanding at the end of the latest statement week. 2 Net of $ 61 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 375 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 (Richmond and Dallas Districts). MATURITY DISTRIBUTION OF LOANS AND SECURITIES July 8, 1981 Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturiry of the agreements. U.S. government securities Federal agency obligations LLooaannss AAcccceeppttaanncceess Holdings | Weekly changes Holdings | Wsakly changes Within 15 days 2,706 663 6,714 3,644 586 + 533 16 days to 90 days 139 23,881 •i 1,102 525 + 79 ••- 91 days to 1 year -- -- 31,032 710 1,858 125 Over 1 year to 5 years -- -- 33,92'8 -- 4,636 ... Over 5 years to 10 years -- .- 13,042 -- 999888222 Over 10 years -- -- 1155,,771155 -- 666444444 Total 2,8*0 668 112244,,331122** if 4,036 999,,,222333111 + 5'17 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 8, 1981 Millions of dollars 3— Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas* Francisco ASSETS Gold certificate account 11,154 817 3,163 531 805 947 436 1,571 450 189 3 34 628 i ,0o3 Special Drawing Rights certif. acct. 3,068 153 879 130 234 266 91 480 119 45 142 178 :/)i Coin 365 22 20 13 49 41 42 13 23 15 34 ?.r> ••") Loans 2,845 37 498 94 538 110 20 1,112 69 93 181 27 • :') Acceptances held under repurchase dgreements 668 668 - ~ "" "" "" "" "" Federal agency obligations: Bought outright 8,694 370 2,531 311 631 694 276 1,328 322 130 398 ~i44 1 ,15v Hold under repurchase agreements 1 537 -- 537 "" ~- -- -•* -- -- -- -- U.S. government securities: Bought outright-Bills 46,555 1 ,982 13,553 1,666 3,380 3,716 1,480 7,107 1,726 697 2, L29 2,912 6,:.'.(. 7 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 2.34/ Total bought outright 2 122,979 5 ,235 35,802 4,401 8,928 9,818 3,908 18,774 4,558 1,840 5,625 7,694 16,3V6 Held under repurchase agreements 1 1,333 -- 1,333 -- -- -- -- -- -- -- -- -- -- Total U.S. government securities 124,312 5~,2 35 37,135 4,401 8,928 9,818 3,908 18,774 4,558 1,840 5,625 7,6 94 16,396'~ Total loans and securities 137,056 5 ,642 41,369 4,806 10,097 10,622 4,204 21,214 4,949 2,063 6,204 8,265 17,62! Cash items in process of collection 12,431 383 1,315 436 626 2,379 2,042 1,130 550 691 1,150 1,168 '.61 BBBBaaaannnnkkkk pppprrrreeeemmmmiiiisssseeeessss 475 99 21 52 25 94 36 17 14 28 22 14 :>3 OOOOtttthhhheeeerrrr aaaasssssssseeeettttssss 3333 9,539 298 2,586 414 697 571 612 1,354 296 252 406 560 1,493 IIIInnnntttteeeerrrrddddiiiissssttttrrrriiiicccctttt sssseeeettttttttlllleeeemmmmeeeennnntttt aaaaccccccccoooouuuunnnntttt -0- + 365 + 3,642 - 173 -1,127 + 200 - 1,369 - 236 - 319 - 557 + 128 --ff-- 3388 j^,. TTTTOOOOTTTTAAAALLLL AAAASSSSSSSSEEEETTTTSSSS 174,088 7 ,779 52,995 6,209 11,406 15,120 6,094 25,543 6,082 2,726 8,620 1100,,887799 20',6 3V 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 S 1,841 million was outstanding at the end of the latest statement week. 2 Net of $ 61 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 375 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 Richmond 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 8, 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 126,631 6,507 37,778 5,133 9,107 11,445 3,136 19,503 4,809 1,538 6,092 7,585 13,998 Deposits: Depository Institutions 29,851 814 9,899 620 1,506 1,108 1,322 4,680 677 546 1,167 2,001 5,511 U.S. Treasury-general account 2,853 2,853 Foreign—official accounts 292 7 100 10 20 13 19 38 8 8 11 16 42 Other J 524 499 1 9 3 2 4 1 2 2 1 Total deposits 33,520 821 13,351 630 1,527 1,130 1,344 4,720 689 555 1,180 2,019 5,554 Deferred availability cash items 9,324 279 920 266 400 2,220 1,305 583 419 500 1,125 959 348 Other liabilities and accrued dividends 1 1,850 94 229 80 159 175 115 335 83 35 100 146 299 TOTAL LIABILITIES 171,325 7,701 52,278 6,109 11,193 14,970 5,900 25,141 6,000 2,628 8,497 10,709 20,199 CAPITAL ACCOUNTS Capital paid in 1,246 33 316 47 96 63 93 180 37 47 55 79 200 Surplus 1,203 33 306 46 95 62 90 177 36 38 52 74 194 Other capital accounts 314 12 95 7 22 25 11 45 9 13 16 17 42 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 174,088 7,779 52,995 6,209 11,406 15,120 6,094 25,543 6,082 2,726 8,620 10,879 20,635 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 145,826 7,631 41,431 7,337 9,987 12,432 5,501 21,025 5,498 2,150 7,199 9,534 16,101 Less - Held by F.R. Banks 19,195 1,124 3,653 2,204 880 987 2.365 1,522 689 612 1,107 1,949 2,103 F.R. Notes, Net 126,631 6,507 37,778 5,133 9,107 11,445 3,136 19,503 4,809 1,538 6,092 7,585 13,998 Collateral held against F.R. notes : Gold certificate account 11,154 817 3,163 531 805 947 436 1,571 450 189 534 628 1,083 Special Drawing Rights certif. acct. 3,068 153 879 130 234 266 91 480 119 45 142 178 351 Other eligible assets U.S. govt, and agency securities 112,409 5,537 33,736 4,472 8,068 10,232 2,609 17,452 4,240 1,304 5,416 6,779 12,564 Total collateral 126,631 6,507 37,778 5,133 9,10? 11,445 3,136 19,503 4,809 1,538 6,092 7,585 _13J998__ 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. * Estimated (Dallas and Richmond Districts). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis