H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Of COv/f* FEDERAL RESERVE Factors Affecting Reserves of Depository Institutions and AL Rt^> Conditior Statement of F.R. Banks H.4. For immediate release June 4, 1982 Averages of daily figures (millions of dollars) Reserves of depository institutions, Week ended Change from week ended Wednesday Reserve Bank credit, and related items June 2, May 25, June 3, June 2, 1982 JL. JM2L 1981 Reserve Bank credit: U.S. Government securities- Bought outright—system account 129,291 + 507 + 9,844 129,127 Held under repurchase agreements 570 + 14 + 570 2,996 Federal agency obligations— Bough - outright 9,008 288 9,008 Held under repurchase agreements 77 + 77 288 Acceptances- Bought outright Held under repurchase agreements 351 120 351 1,424 Loans to depository institutions 1,052 2 900 1,206 includes: seasonal borrowing of 260 2 27 235 extended credit of 132 30 132 116 Float 2,527 + 532 1,529 3,028 Other F.R. assets 8,443 + 196 1,048 8,491 Total Reserve Bank credit 151,319 1,368 7,653 155,568 Gold stock 11,149 5 11,149 Special Drawing Rights certificate account 3,818 1,000 3,818 Treasury currency outstanding 13,767 10 28 13,767 180,053 + 1,378 + 8,620 184,302 Currency in circulation ** 145,735 1,007 + 9,331 146,713 Treasury cash holdings ** 495 9 495 Treasury deposits with F.R. Banks 2,838 185 144 3,554 Foreign deposits with F.R. Banks 339 + 79 25 265 Other deposits with F.R. Banks 610 109 + 209 679 Required clearing balances 189 + 189 189 Other F.R, liabilities and capital 5,591 272 1,076 5,287 155,796 1,282 10,676 157,182 Reserve balances with F.R. Banks 3 24,257 + 96 2,055 27,120 Total vault cash (estimated) 19,198 + 730 + 973 19,198 (a) Vault cash at institutions with required reserve balances 13,053 + 313 + 657 13,053 (b) Vault cash equal to required reserves at other institutions 2,393 + 217 + 936 2,393 (c) Surplus vault cash at other institutions4 3,752 200 620 3,752 Reserve balances + total vault cash3'5 43,458 + 826 1,079 46,321 Reserve balances + total vault cash used to satisfy reserve requirements"' 39,706 626 459 42,569 Required reserves 38,932 10 944 38,932 Excess reserve balances at F.R. Banks5* 7 774 636_„ &S2. 3,637 On June 2, 1982 marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter t national accounts were $ 91,035 million, an increase of $150 million for the week. 1 Net of S 1,820 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 1,820 million was with foreign official and international account* 'ncludes securities loanei-fully secured by U.S. Government securities. 2 Net of $1,984 million matched sale-purchase transactions outstanl g at the end of the latest statement week, of which a net of $ 1,984 million was with foreign official and international accounts. Includes $ 188 million securities loaned-fully secured by U.S. Government securities. Exclude required clearing balances. Total vault cash at institutions without required reserve balances less vault cash equal to their required reserves. Adjusted to include $ 3 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19,1975. Reserve balances with Federal Reserve Banks (which exclude required clearing balances) plus vault cash at institutions with required reserve balances plus vault cash equal to required reserves at other institutions. 1 Reserve balances with Federal Reserve Banks (which exclude required clearing balances) 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.) * Estimated (Cleveland and St* Louis 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 * Wednesday Wednesday Wednesday June 2, 1982 May 26, 1982 June 3, 1981 ASSETS Gold certificate account 11,149 Special Drawing Rights certif. acct. 3,818 + 1,000 Coin 386 7 4- 8 Loans 1,206 - 161 4,536 Acceptances- 1,424 + 1,424 + 1,424 Held under repurchase aggreements Federal agency abligations— 9,008 + 288 Bought outright 288 + 288 + 288 Held under repurchase agreements 1 U.S. government securities: 49,843 + 362 + 4,892 Bought outright—Bills 61,143 + 2,325 Notes 18,141 -- + 535 Bonds 129,127 + 362 + 7,752 Total bought outright 2 2,996 + 2,996 + 2,996 Held under repurchase agreements1 132,123 + 3,358 + 10,748 Total U.S. government securities 144,049 + 4,909 + 8,212 Total loans and securities ( 3288 ) 11,096 + 4,119 - 17 Cash items in process of collection 518 + 48 Bank premises 7,973 + 34 - 1,079 Other assets 3 ( 3288 ) 178,989 + 9,055 + •8,167 TOTAL ASSETS LIABILITIES Federal Reserve notes 133,827 1,208 9,849 Deposits: Depository Institutions 27,309 + 4,227 - 4,277 U.S. Treasury—general account 3,554 + 585 - 573 Foreign—official accounts 265 - 7 + 79 Other ( 375) 679 + 134 + 238 Total deposits ( 375) 31,807 + A,939 - 4,533 Deferred availability cash items ( 2913) 8,068 + 2,739 + 1,788 Other liabilities and accrued dividends 4 2,319 + 135 + •642 TOTAL LIABILITIES ( 3288 ) 176,021 + 9,021 + 7,746 CAPITAL ACCOUNTS Capital paid in 1,317 + 1 + 82 Surplus 1,278 -- + 75 Other capital accounts 373 + 33 + 264 * Figures in parentheses are the eliminations made in the conaolidating process. 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 $1,984 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 188 million securities loaned—fully secured by U.S. government securities. 3 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes special investment account at Chicago of $56 million in Treasury Mils maturing within 90 days. 4 Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. -^Estimated (Cleveland and St. Louis Districts). MATURITY DISTRIBUTION OF LOANS AND SECURITIES June 2, 1982 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 1,072 1,424 8,962 + 4,689 334 + 229 16 days to 90 days 134 -- 25,915 - 1,040 510 + 116 91 days to 1 year -- -- 32,093 177 1,591 - 70 Over 1 year to 5 years -- -- 37,676 114 5,394 + 7 Over 5 years to 10 years -- -- 10,717 -- 933 + 6 Over 10 years -- ... 1166,,776600 — 553344 -- Total 1,206 1,424 113322,,112233 + .3,358 + 288 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 2, 1982 Millions of dollars * Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis* Minneapolis City Dallas Francisco ASSETS Gold certificate account 11,149 570 3,213 554 744 967 402 1,576 418 154 575 743 1,233 Special Drawing Rights certif. acct. 3,818 199 1,104 186 250 337 133 534 140 50 200 256 429 Coin 386 31 18 13 36 46 46 17 23 19 36 29 72 Loans 1,206 61 6 105 8 87 21 90 58 50 112 129 479 Acceptances held under repurchase agreements 1,424 ~~ 1,424 ~~ ~~ -• — "" — — — — — Federal agency obligations: Bought outright 9,008 416 2,833 300 595 764 229 1,278 303 114 426 611 1,139 Held under repurchase agreements 1 288 -- 288 — — — — — — -- — — -- U.S. government securities: Bought outright-Bills 49,843 2,303 15,679 1,661 3,290 4,230 1,269 7,073 1,677 628 2,355 3,378 6,300 Notes 61,143 2,825 19,233 2,038 4,035 5,188 1,556 8,678 2,059 770 2,888 4,145 7,728 Bonds 18,141 838 5,706 604 1,197 1,539 462 2,575 611 229 857 1,230 2,293 Total bought outright 2 129,127 5,966 40,618 4,303 8,522 10,957 3,287 18,326 4,347 1,627 6,100 8,753 16,321 Held under repurchase agreements 1 2,996 -- 2,996 — — — -- — -- -- -- -- — Total U.S. government securities 132,123 5,966 43,614 4,303 8,522 10,957 3,287 18,326 4,347 1,627 6.100 8,753 16,321 Total loans and securities 144,049 6,443 48,165 4,708 9,125 11,808 3,537 19,694 4,708 1,791 6,638 9,493 17,939 Cash items in process of collection 14,384 460 1,669 395 827 3,063 1,941 1,402 633 645 1,614 1,205 530 Bank premises 518 98 24 51 27 105 34 18 14 27 23 15 82 Other assets 3 7,973 | 254 2,422 308 540 459 480 1,088 223 228 347 508 1,116 Interdistrict settlement account -0- + 146 - 326 + 192 - 491 - 73 + 31 + 89 - 676 - 57 + 451 + 18 + 696 TOTAL ASSETS 182,277 8,201 56,289 6,407 11,058 16,712 6,604 24,418 5,483 2,857 9,884 12,267 22,097 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 $ 1,984 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 188 million securities loaned-fully secured by U.S. government securities. 3 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes special investment account at Chicago of $ 56 million in Treasury Bills maturing within 90 days. * Estimated (Cleveland 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 JUNE 2 , 1982 Millions of dollars Total Boston New York Philadelphia * C leveland 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 133,827 6,975 41,528 5,283 8,814 12,382 3,072 19,466 3,808 1,558 7,189 9,042 14,705 Deposits: Depository institutions 27,309 635 7,892 672 1,333 1,036 1,769 3,500 609 659 1,064 1,5 C9 6,181 U.S. Treasury—general account 3,554 3,554 Foreign—official accounts 265 7 11 19 13 20 36 7 9 12 17 42 Other 1,054 1 592 o 19 2 59 375 1 1 2 Total deposits 32,182 693 12,110 683 1,354 1>068 1,791 3,595 991 669 1,077 1,926 6 225 Deferred availability cash items 10,981 349 1,134 236 521 2,912 1,451 626 521 499 1,379 948 405 Other liabilities and accrued dividends ^ 2,319 102 765 77 153 189 72 319 76 31 106 150 279 TOTAL LIABILITIES 179,309 8,119 55,537 6,284 10,842 16,551 6,386 24,006 5,396 2,757 9,751 12,066 21,614 CAPITAL ACCOUNTS Capital paid in 1,317 34 324 56 98 67 104 182 38 47 59 89 219 Surplus 1,278 33 319 53 96 66 97 180 37 47 57 84 2Q9 Other capital accounts 373 15 109 14 22 28 17 50 12 6 17 28 55 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 182,277 8,201 56,289 6,407 11,058 16,712 6,604 24,418 5,483 2,857 9,884 12,267 22,097 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 153,330 8,092 44,903 7,913 9,457 13,702 5,255 20,967 5,397 1,853 8,462 10,496 16,833 Less-Held by F.R. Banks 19,503 1,117 3.375 2,625 643 1.320 2.183 1.501 1,589 295 1.273 1.454 2,128 F.R. notes, net 133,827 6,975 41,528 5,288 8,814 12,382 3,072 19,466 3,808 1,558 7,189 9,042 14,705 Collateral held against F.R. notes: Gold certificate account 11,149 570 3,213 554 744 967 402 1,576 418 154 575 743 1,233 Special Drawing Rights certif. sect. 3,818 199 1,104 186 13 J 534 140 50 200 256 429 Other eligible assets U.S. govt, and agency securities 118,860 6.206 37.211 4,548 7.820 11.078 2.537 17.356 3,250 1.354 6,414 8,043 13,043 Total collateral 133,827 6,975 41,528 5,288 8,814 12,382 3,072 19,466 3,808 1,558 7,189 9,042 14,705 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. * Estimated (Cleveland and St. Louis Districts). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis