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 17, 1981 Averages <> f dally figures Reserves of Depository Institutions, Week eennddeedd Change from week ended WWWeeedddnnneeesss day Reserve Bank credit, Jul)rr 1155,, July 8, f July lfi, JJJuuulllyyy 15, and related items 1981 1981 L980 1981 Reserve Bank credit: 1/ (In mill Lons of doll£ •5 \v U.S. B o G u o g v h e t r n o m u e t n r t i g s h e t c —S u y r s i t t e i m e s- account 120 624 _ 760 _ 2,142 ! 121 581 Held under repurchase agreements 2 505 + 1,831 + 2,044 708 Federal Agency obligations— __' _ Bought outright 8 694 179 8 ,694 Held under repurchase agreements 400 + 138 + 348 224 Acceptances- Bought outright Held under repurchase agreements 393 + 54 + 276 223 Loans— _ To depository institutions 1 295 571 + 963 3 286 Includes seasonal borrowing of: 247 + 6 + 241 252 _ Float 3 153 + 170 2,116 4,443 Other F.R. assets 9 ,984 - 405 ±_ 4.609 10J L17 Total Reserve Bank credit 147, 049 + 457 + 3,804 149 276 Gold Stock 11 154 -> - 18 11 154 Special Drawing Rights certif. acct. 3 068 -- + 50 3 068 Treasury currency outstanding 13, 585 +_ 2 ±_ 291 13, 588 174,855 + 458 + 4,126 177 086 Currency In circulation * 139, 059 + 705 + 10,404 139, 163 Treasury cash holdings * 485 - 12 - 35 485 Treasury deposits with F.R. Banks 3 407 + 473 + 92 3 ,153 Foreign deposits with F.R. Banks 262 - 144 - 40 288 Other deposits with F.R. Banks 524 - 48 - 543 486 Other F.R. liabilities and capital . 4 ,867 - 360 + 174 4 ,558 148, 604 + 613 + 10,052 148, 133 Reserve balances with F.R. Banks 3/ 26 250 - 156 - 5,927 28, 953 Total vault cash (estimated) ~" 18, 856 + 361 N/A 18, 856 a) Vault cash at institutions with required reserve balances 12, 831 + 102 + 2,694 12, 831 b) Vault cash equal to required reserves at other institutions 1 ,361 + 52 N/A 1 ,361 c) Surplus vault cash at other institutions 4/ 4 ,664 + 207 N/A 4 ,664 Reserve balances + tolal vault cash 5/ 45, 165 + 190 N/A 47, 868 Reserve balances + total vault cash "~ _ _ used to satisfy reserve requirements 5765// 40, 501 17 3,362 43, 204 Required reserves (estimated) " 40 ,495 + 478 - 3,101 40, 495 Excess reserve bnlances at F.R. Banks 5/7/f 6 - 495 - 261 2 ,709 On July 15,1981, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and interna tional accounts were $96,262 million, a decrease of $108 million for the week. 1/ Net of $3,486 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $3,486 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. 2/ Net of $2,781 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $2,781 million was with foreign official and international accounts. Includes $226 million securities loaned—fully secured by U.S. Government securities. 37 Includes all reserve balances of depository institutions. kj Total vault cash at institutions without required reserve balances less vault cash equal to their required reserves. 5/ Adjusted to include $59 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. 77 Reserve balances with Federal Reserve Uanks plus vault cash used to satisfy reberr requirements lesa required reserves. (This measure of excess reserves is comparable to the old excess rese«."ve concept published historically.) Vault each 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 July 15, 1981 July 8, 1981 July 16, 1980 ASSETS Gold certificate account 11,154 -- - 18 Special Drawing Rights certif. acct. 3,068 -- + 50 Coin 365 -- - 24 Loans 3,286 + 455 + 2,727 Acceptances- Held under repurchase aggreements 223 445 + 50 Federal agency abligations- Bought outright 8,694 -- - 179 Held under repurchase agreements 1 224 - 313 + 120 U.S. government securities: Bought outright—Bills 44,181 - 2,374 - 4,339 Notes 59,609 + 791 + 1,435 Bonds 17,791 + 185 + 1,688 Total bought outright 2 121,581 - 1,398 - 1,216 Held under repurchase agreements 1 708 625 - 14 Total U.S. government securities 122^289 - • 2^023 - 1^230 Total loans and securities 134,716 - 2,326 + 1,488 Cash items in process of collection ( 3,363) 11,108 + 1,436 - 3,705 Bank premises 477 + 2 + 31 Other assets 3 9,640 + 85 + 4,565 TOTAL ASSETS ( 3,363) 170,528 2 803 + 2,387 LIABILITIES Federal Reserve notes 126,425 - 262 + 10,057 Deposit H: Depository institutions 28,953 - 878 - 6,781 U.S. Treasury-general account 3,153 + 300 + 197 Foreign—official accounts 288 - 4 - 6 Other ( 1) 486 JZ as. - 617 Total deposits ( 1) 32,880 - 617 - 7,207 Deferred availability cash items (3,362) 6,665 + 150' - 458 Other liabilities and accrued dividends 4 1,780 - 85 - 211 TOTAL LIABILITIES ( 3,363) 167,750 - 814 + 2,181 CAPITAL ACCOUNTS Capital paid in 1,249. . + 3 + 77 Surplus 1,203 -- + 58 Other capital accounts 326 + 8 + 71 Figures in parentheses are the eliminations made in the consolidating process. 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 $ 1,609 million was outstanding at the end of the latest statement week. Net of $2,781 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 226 million securities loaned—fully secured by U.S. government securities. Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, July 15, 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 3,119 223 3,460 - 3,254 310 276 16 days to 90 days 167 -- 25,199 + 1,318 559 + 34 91 days to 1 year -- -- 30,091 - 941 1,832 26 Over 1 year to 5 years .. -- 34,535 + 607 4,612 24 Over 5 years to 10 years — -- 13,106 + 64 961 21 Over 10 years —— 111555,,,888999888 +++ 111888333 666444444 -- Total 1 3,286 ~~~"""222222333 111444222,,,222888999 222,,,000222333 888,,,999111888 331133 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 15, 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 11,154 817 3,163 531 805 947 436 1,571 450 189 534 628 1,083 Scecial Drawing Rights certif. acct. 3,068 153 879 130 234 266 91 480 119 45 142 178 351 CG*H 365 22 19 12 50 41 ,44 13 24 15 34 29 62 Loans 3,286 51 1,398 64 15 208 133 484 49 146 268 128 342 Acceptances held under repurchase agreements 223 — 223 -- -- -- -- -- -- -- -- -- ~- Federal agency ob igations: Bought outright 8,694 370 2,531 311 631 694 276 1,328 322 130 398 544 1,159 HekJ under repurchase agreements 1 224 -- 224 -- -- -- -- -- -- -- -- -- -- U.S. government securities: Bought outright—Bills 44,181 1,881 12,862 1,581 3,207 3,527 1,404 6,745 1,637 661 2,021 2,764 5,891 Notes 59,609 2,537 17,354 2,133 4,328 4,759 1,894 9,100 2,210 892 2,726 3,729 7,947 Bonds 17,791 757 5,180 637 1,292 1*420 565 2,716 659 266 814 1,113 2,372 Total bought outright 2 121,581 5,175 35,396 4,351 8,827 9,706 3,863 18,561 4,506 1,819 5,561 7,606 16,210 Held under repurchase agreements 1 708 -- 708 -- -- -- -- -- -- -- -- -- -- Total U.S. government securities 122,289 5,175 36,104 4,351 8,827 9,706 3,863 18,561 4,506 1,819 5,561 7,606 16,210 Total loans and securities 134,716 5,596 40,480 4,726 9,473 10,608 4,272 20,373 4,877 2,095 6,227 8,278 17,711 Cash items in process of collection 14,471 506 1,826 386 590 2,701 2,077 1,598 577 682 1,467 1,085 976 3snk premises 477 99 21 52 25 95 36 17 14 28 22 15 53 Other assets 3 9,640 306 2,669 387 713 556 615 1,378 301 256 421 586 1,452 Interdistrict settlement account -0- + 629 4-4,276 - 181 -852 + 357 -1,220 - 1,511 - 217 - 390 + 149 4- 285 -1,325 TOTAL ASSETS 173,891 8,128 53,333 6,043 11,038 15,571 6,351 23,919 6,145 2,920 8,996 11,084 20,363 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 $ 1,609 .nillion was outstanding at the end of the latest statement week. 2 Met of $ 2,781 million matched sale-purchase* transactions outstanding at the end of the latest statement week. Includes $ 226 million securities loaned-fully secured by U.S. government securities. ? deludes 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 July 15, 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 126,425 6,489 37,973 5,070 9,131 11,367 2,945 19,542 4,783 1,534 6,068 7,626 13,897 Deposits: Depository Institutions 28,953 1,134 9,561 554 1,152 1,288 1,761 2,966 722 707 1,338 2,255 5,515 U.S. Treasury —general account 3,153 3,153 Foreign—official accounts 288 7 96 10 20 13 19 38 8 8 11 16 42 Other 487 451 1 19 2 9 1 2 1 1 Total deposits 32,881 ! 1,141 13,261 564 1,173 1,320 1,782 3,013 731 715 1,351 2,272 5,558 Deferred availability cash items 10,027 328 1,211 222 364 2,561 1,323 631 466 539 1,356 857 169 Other liabilities and accrued dividends ' 1,780 93 165 84 158 • 174 107 331 81 34 99 153 301 TOTAL LIABILITIES 171,113 8,051 52,610 5,940 10,826 15,422 6,157 23,517 6,061 2,822 8,874 10,908 19,925 CAPITAL ACCOUNTS Capital paid in 1,249 33 316 47 96 64 93 180 37 47 55 80 201 Surplus 1,203 33 306 46 95 62 90 177 36 38 52 74 194 Other capital accounts 326 11 101 10 21 23 11 45 11 13 15 22 43 TOTAL LIABILITIES AND CAPITAL 173,891 8,128 53,333 6,043 11,038 15,571 6,351 23,919 6,145 2,920 8,996 11,084 20,363 ACCOUNTS FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 146,289 7,661 41,600 7,346 10,033 12,458 5,450 21,054 5,560 2,145 7,291 9,599 16,092 Less-Held, by F.R. Banks 19,864 1,172 3,627 2.276 902 1,091 2,505 1,512 777 611 1,223 1,973 2.195 F.R. Notes, Net 126,425 6,489 37,973 5,070 9,131 11,367 2,945 19,542 4,783 1,534 6,068 7,626 13,897 Collateral held against F.R. notes: outstanding: 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 112,203 5,519 33,931 4.409 8,092 10.154 2.418 17.491 4,214 1,300 5,392 6,820 12,463 Total collateral I 126,425 6,489 37,973 5,070 9,131 11,367 2,945 19,542 4,783 _. 1A5_34 6,068 7,626 13,897 I 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