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 24, 1981 Average! of dally figures Reserves of Depository Institutions, Week ended Change from week ended Wednesday Reserve Bank credit, July 22, July 15, Jtjly 73, July 22, and related Items 1981 1981 1980 1981 Reserve Bank credit: {y (In millions of dollars) 2/ U.S. Government securities-- Bought outright—System account 121,344 720 1,326 121,658 Held under repurchase agreements 2,545 40 2,101 4,024 Federal Agency obligations-- Bought outright 8,694 179 8,694 Held under repurchase agreements 701 301 622 1,304 Acceptances-- Bought outright Held under repurchase agreements 453 + 60 385 621 Loans-" To depository institutions 1,730 + 435 1,375 5,230 Includes seasonal borrowing of: 244 - 3 238 254 Float 3,137 - 139 - 1,741 3,626 Other F.R. assets 10.229 + 245 +. 4.681 10.265 Total Reserve Bank credit 148,834 + 1,662 + 5,918 155 422 Gold Stock 11,154 - 18 11 154 Special Drawing Rights certif. acct. 3,068 + 7 3 068 Treasury currency outstanding 13,590 + 5 + 294 \L ,593 176,646 + 1,668 6,201 183,237 Currency in circulation * 138,407 662 + 10,282 138,341 Treasury cash holdings * 467 8 41 470 Treasury deposits with F.R. Banks 3,106 301 + 383 3,573 Foreign deposits with F.R. Banks 293 31 + 11 346 Other deposits with F.R. Banks 490 34 658 674 Other F.R. liabilities and capital 5.024 + 395 5.064 147,786 818 + 10,371 148,468 Reserve balances with F.R. Banks 3/ 28,859 2,486 - 4,171 34,769 Total vault cash (estimated) "~ 16,736 2,120 N/A 16,736 a) Vault cash at institutions with required reserve balances 11,411 1,420 + 2,160 11,411 b) Vault cash equal to required reserves at other institutions 1,258 103 N/A 1,258 c) Surplus vault cash at other institutions 4/ 4,067 - 597 N/A 4,067 Reserve balances + total vault cash 5/ 45,654 + 366 N/A 51,564 Reserve balances + total vault cash " used to satisfy reserve requirements 5/6/ 41,587 + 963 - 2,137 47,497 Required reserves (estimated) ""' 41,350 + 855 - 2,363 j 41,350 Excess reserve balances at F.R. Banks 5_fJJ 237 + 108 + 226 6,147 On July 22, 1981 , marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and interna tional accounts were $94,911 million, an decrease of $1,351 million for the week. 1/ Net of $3,995 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $3,995 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. Ij Net of $3,682 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $3,682 million was with foreign official and international accounts. Includes $203 million securities loaned—fully secured by U.S. Government securities. 3/ Includes all 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 $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. 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 (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 22, 1981 July 15, 1981 July 23, 1980 ASSETS Gold certificate account 11,154 — _ — 18 Special Drawing Rights certif. acct. 3,068 _„ «. 50 Coin 365 -- - 26 Loans 5,230 + 1,944 + 4,682 Acceptances- Held under repurchase aggreements 621 + 398 + 143 Federal agency abligations— Bought outright 8,694 ._ . 179 Held under repurchase agreements 1 1,304 + 1,080 + 751 U.S. government securities: Bought outright—Bills 44,258 + 77 . 2,740 Notes 59,609 -- + 1,435 Bonds 1177,,779911 — ++__1 ,688 Total bought outright 2 112211,,665588 + 77 ++ 383 Held under repurchase agreements 1 4,024 + 3,316 + 913 Total U.S. government securities 125^682 + 3,393 + 1,296 Total loans and securities 141,531 + 6,815 + 6,693 Cash items in process of collection < 3,24fJ 9,931 - 1,177 „ 434 Bank premises - 481 + 4 + 34 Other assets 3 9,784 + 144 + 4.594 TOTAL ASSETS ( 3,240> 176,314 + 5,786 +10,793 LIABILITIES Federal Reserve notes 125,583 842 + 9,866 Deposits: Depository institutions 34,769 + 5,816 - 238 U.S. Treasury—general account 3,573 + 420 + 718 Foreign—official accounts 346 + 58 + 100 Other (1) 674 + 188 - 504 Total deposits (1) 39,362 + 6,482 + 76 Deferred availability cash items ( 3,239) 6,305 360 + 357 Other liabilities and accrued dividends 4 2,289 + 509 + 287 TOTAL LIABILITIES ( 3,240) 173,539 + 5,789 +10,586 CAPITAL ACCOUNTS Capital paid in 1,248 1 + 74 Surplus 1,203 -- + 58 Other capital accounts 324 2 + 75 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 $ -0- million was outstanding at the end of the latest statement week. Net of $ 3,682million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 203 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 22, 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 Loans Acceptances Holdings | Weekly changes Holdings | Weekly changes Within 15 days 5,191 621 6,044 +2,584 1,410 +1,100 16 days to 90 days 39 24,391 - 808 555 4 91 days to 1 year 31,708 +1,617 1,788 - 44 Over 1 year to 5 years 34,535 4,629 + 17 Over 5 years to 10 years 13,106 1,015 + 54 Over 10 years 15,898 601 43 z Total 5,230 621 125,682 +3,393 9,998 +1,080 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1 (b) STATEMENT OF CONDITION OF EACH FEDE :RAL RESER VEBANKO N JULY 22, 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 11,154 817 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 Coin 365 20 18 12 49 43 46 13 24 15 34 29 62 Loans 5,230 226 1,277 394 422 196 194 1,402 106 229 271 4.5 468 Acceptances held under repurchase agreements 621 ~~ 621 '" ~~ ~ ~ "** ~~ ~~ «... _.. ~~ ~" Federal agency obligations: Sought outright 8,694 370 2,531 311 631 694 276 1,328 322 130 398 544 1,159 Held under repurchase agreements 1 1,304 — 1,304 -- -- -- -- -- -- — — -- — U.S. government securities: Bought outright—Bills 44,258 1,884 12,884 1,584 3,213 3,534 1,407 6,756 1,640 662 2,024 2,769 5,901 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 2,3/2 Total bought outright 2 121,658 5,178 35,418 4,354 8,833 9,713 3,866 18,572 4,509 i—i ,820 5,564 7,611 16,220 Held under repurchase agreements 1 4,024 -- 4,024 -- -- — -- -- — .- -- -- -- Total U.S. government securities 125,682 5,178 39,442 4,354 8,833 9,713 3,866 18,572 4,509 1_, 820 5,564 7,611 " 16,2?o"~~ Total loans and securities 141,531 5,774 45,175 5,059 9,886 10,603 4,336 21,302 4,937 2 ,179 6,233 8,200 17,84 7 Cash items in process of collection 13,171 513 1,708 459 621 2,598 1,959 1,294 574 649 1,278 1,111 407 Bank premises 481 99 21 52 25 95 36 17 14 29 22 15 56 Other assets 3 9,784 314 2,706 381 724 570 639 1,402 307 258 424 600 1,459 Interdistrict settlement account -0- + 214 - 132 - 309 - 902 + 734 - 678 - 918 + 134 - 205 -i- 379 +1,276 + 407 TOTAL ASSETS 1 179,554 1 7,904 53,538 6,315 11,442 15,856 6,865 25,161 6,559 3 ,159 9,046 12,037 21,67~2 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 $ _n- million was outstanding at the end of the latest statement week. 2 Net of $ 3,682 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 203 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 July 22, 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 125,583 6,388 37,763 4,987 8,965 11,377 2,914 19,310 4,721 1,504 6,090 7,729 13,835 Deposits: Depository Institutions 34,769 1,045 9,368 873 1,699 1,750 2,187 4,409 980 930 1,539 3,123 6,866 U.S. Treasury—general account 3,573 3,573 Foreign—official accounts 346 7 154 10 20 13 19 38 8 8 11 16 42 Other 675 „1 388 1 19 2 2 256 1 2 1 2 Total deposits 39,363 1,053 13,483 883 1,720 1,782 2,208 4,449 1,244 939 1,552 3,140 6,910 Deferred availability cash items 9,544 287 992 255 376 2,364 1,432 648 425 581 1,175 835 174 Other liabilities and accrued dividends * 2,289 99 578 87 169 184 116 352 85 37 106 160 316 TOTAL LIABILITIES 176,779 7,827 52,816 6,212 11,230 15,707 6,670 24,759 6,475 3,061 8,923 11,864 21,235 CAPITAL ACCOUNTS Capital paid in 1,248 33 316 47 96 64 93 180 37 47 55 79 201 Surplus 1,203 33 306 46 95 62 90 177 36 38 52 74 194 Other capital accounts 324 11 100 10 21 23 12 45 11 13 16 20 42 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 179,554 7,904 53,538 6,315 11,442 15,856 6,865 25,161 6,559 3,159 9,046 12,037 21,672 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 146,552 7,606 41,704 7,300 9,938 12,552 5,598 20,878 5,542 2,131 7,323 9,780 16,200 Less-Held by F.R. Banks 20.969 1,218 3,941 2,313 973 1,175 2,684 1,568 821 627 1,233 2,051 2,365 F.R. Notes, Net 125,583 6,388 37,763 4,987 8,965 11,377 2,914 19,310 4,721 1,504 6,090 7,729 13,835 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 111,361 5,418 33,721 4,326 7,926 10,164 2,387 17,259 4,152 1,270 5,414 6,923 12,401 Total collateral 125,583 6,388 37,763 4,987 8.965 11,377 2.914 19.310 4.721 1.504 6.090 7,729 13,835 1 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