H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE •??g=p:<?.- Factors Affecting Reserves of Depository institutions and Condition Statement of F.R. Banks H.4.1. For immediate release June 18, 1982 [ Averages of daily figures (millions of dollars) RReesseerrvveess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss,, WWeeeekk eennddeedd [ Change from week ended Wednesday RRpp^^pprrvvpp RRaannkk ccrreeddiitt aanndd rrppllaattpprrii iittppmm^^ 1 1 CJCI V C UUIII\ V»l dl 11, Ollvl 1 CIQ IWVJ 1 LCI 1 19 JJuunnee 1166,, June 9, J une 1/, June 16, 1982 1982 1981 1982 Reserve Bank credit: T r U.S. government securities- Bought outright-system account 131,418 + 1,717 + 10,763 ! 130,803 Held under repurchase agreements — — — i Federal agency obligations- Bought outright 9,002 - 6 + 295 9,002 Held under repurchase agreements — — — — Acceptances- Bought outright — — — — Held under repurchase agreements — — — — Loans to depository institutions 931 - 375 - 980 1,504 Includes: seasonal borrowing of 221 + 4 - 58 232 extended credit of 104 - 11 + 104 97 Float 2,042 - 455 - 1,631 2,911 Other F.R. assets 8,657 + 139 - 1,112 8,906 Total Reserve Bank credit 152,051 + 1,021 + 7,337 153,126 Gold stock 11,149 — - 5 11,149 Special Drawing Rights certificate account 3,818 — + 1,000 3,818 Treasury currency outstanding 13,772 + 4 + 205 13,776 Total Factors 180,789 + 1,024 + 8,535 181,869 Currency in circulation* 146,910 + 226 + 9,954 147,056 Treasury cash holdings* 469 — - 33 475 Treasury deposits with F.R. Banks 2,950 - 459 . - 246 4,463 Foreign deposits with F.R. Banks 303 + 34 + 45 228 Other deposits with F.R. Banks 552 + 35 + 161 511 Required clearing balances 204 + 4 + 204 204 Other F.R. liabilities and capital 5,308 - 61 + 672 5,135 156,695 - 222 + 10,757 158,072 Reserve balances with F.R. Banks3 24,095 + 1,247 _ 2,220 23,797 Total vault cash 19,392 - 164 + 564 19,392 (a) Vault cash at institutions with required reserve balances 12,981 - 235 + 301 12,981 (b) Vault cash equal to required reserves at other institutions 2,458 - 56 + 905 2,458 (c) Surplus vault cash at other institutions4 3,953 + 127 - 642 3,953 Reserve balances + total vault cash3'5 43,490 + 1,083 - 1,653 43,192 Reserve balances + total vault cash used to satisfy reserve requirements5, 6 39,537 1 + 956 | - 1,011 39,239 Required reserves 39,344 + 939 - 884 39,344 Excess reserve balances at F.R. Banks ' [ 193 1 + 17 j - 127J [05 On June 16, 1982 , marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter national accounts were $ 94,697 million, an increase of $2,162 million for the week. 1 Net of $ 1,116 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 1,116million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. 2 Net of $ l, 817 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 1,817 million was with foreign official and international accounts. Includes $ 187 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. Reserve balances with Federal Reserve Banks (which exclude required clearing balances) plus vault cash used to satisfy reserve requirements less required rese-ves. (This measure of excess reserves is comparable tc the old excess reserve concept published historically.) * 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 Wed. Wed. June 16. 1982 June 9. 1982 June 17. 1981 ASSETS Gold certificate account 11,149 •"" — 5 Special Drawing Rights certif. acct. 3,818 + 1,000 Coin 397 + 11 + 9 1,504 - 4,166 - 4,853 Loans Acceptances- -- -- Held under repurchase aggreements Federal agency abligations— Bought outFight 9,002 6 + 295 Held under repurchase agreements 1 """ U.S. government securities: Bought outright—Bills 51,519 + 1,721 + 6,597 Notes 61,143 -- + 2,325 Bonds 1188,,114411 -- ++ 535 Total bought outright 2 113300,,880033 ++ 1,721 ++ 9,457 Held under repurchase agreements 1 -- -"" Total U.S. government securities 130,803 + 1,721 + 9,457 Total loans and securities 141,309 - 2,451 + 4,899 Cash items in process of collection ( 2553 ) 9,969 + 3,184 - 1,287 Bank premises 519 + 1 + 47 Other assets 3 8,387 - 161 - 1,666 TOTAL ASSETS ( 2553 ) 175,548 + 584 -f 2,997 LIABILITIES Federal Reserve notes 134,152 - 198 + 9,708 Deposits: Depository Institutions 24,025 - 1,053 - 6,926 U.S. Treasury—general account 4,463 + 826 - 752 Foreign—official accounts 228 - 68 + 32 Other 487 - 13 + 52 Total deposits 29,203 - 313 - 7,594 Deferred availability cash items ( 2553 ) 7,058 + 1,604 + 462 Other liabilities and accrued dividends 4 2,166 - 536 -t- 210 TOTAL LIABILITIES ( 2553 ) 172,579 + 557 + 2,786 CAPITAL ACCOUNTS Capital paid in 1,325 + 8 + 81 Surplus 1,278 ~ + 75 Other capital accounts 366 + 19 + 55 * 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 forei, official and international accounts, of which $2,046million was outstanding at the end of the latest statement week. 2 Net of $ 1,817 million matched sale-purchase transactions outstanding at the end of the latest statement week.. Includes $187 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 $ 55 million in Treasury bills maturing within 9 0days. 4 Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. MATURITY DISTRIBUTION OF LOANS AND SECURITIES June 16> 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 1,481 -- 7,273 + 1,019 135 + 89 16 days to 90 days 23 -- 26,443 + 857 491 - 100 91 days to 1 year -- -- 32,021 - 68 1,602 + 92 Over 1 year to 5 years -- -- 37,589 - 87 5,344 - 50 Over 5 years to 10 years — -- 10,717 -- 927 - 6 Over 10 years -- -- 1166..776600 -- 550033 31 Total 1,504 -- 113300,,880033 ++ 1,721 99,,000022 .. 6 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 16, 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 397 30 21 12 35 49 50 18 25 19 38 29 71 Loans 1,504 42 51 88 237 226 34 509 54 62 153 31 17 Acceptances held under repurchase agreements -0- -- — — — -- -- -- -- -- -- -- -- Federal agency obligations: Bought outright 9,002 416 2,832 300 594 764 229 1,278 303 113 425 610 1,138 Held under repurchase agreements 1 -0- -- -- -- -- -- -- -- -- -- — -- -- U.S. government securities: Bought outright-Bills 51,519 2,381 16,206 1,717 3,401 4,372 1,311 7,311 1,734 649 2,434 3,491 6,512 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 2 130,803 6,044 41,145 4,359 8,633 11,099 3,329 18,564 4,404 1,648 6,179 8,866 16,533 Held under repurchase agreements * -0- -- -- -- -- -- -- -- — -- -- -- -- Total U.S. government securities 130,803 6,044 41,145 4,359 8,633 11,099 3,329 18,564 4,404 1,648 6,179 8,866 16,533 Total loans and securities 141,309 6,502 44,028 4,747 9,464 12,089 3,592 20,351 4,761 1,823 6,757 9,507 17,688 Cash items in process of collection 12,522 363 1,328 513 680 2,454 1,537 1,672 618 440 1,197 1,052 668 Bank premises 519 98 24 51 27 106 34 18 14 27 23 15 82 Other assets 3 8,387 254 2,557 322 578 523 486 1,134 235 255 360 503 1,180 Interdistrict settlement account -0- + 268 + 4,232 + 6 - 1,024 602 + 67 - 1,679 - 1,121 - 227 + 618 + 319 857 TOTAL ASSETS 178,101 §7284 56,507 6,391 10,754 15,923 6,301 23,624 5,090 2,541 9,768 12,424 20,494 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 $2,046 million was outstanding at the end of the latest statement week. 2 Net of $ 1,817 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 187 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 $ 55 million in Treasury Bills maturing within 90 days. 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 16, 1982 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 134,152 7,003 41,529 5,263 8,616 12,332 3,274 19,431 3,870 1,540 7,247 9,170 14,877 Deposits: Depository institutions 24,025 767 7,857 557 1,341 882 1,554 2,614 540 469 1,135 2,004 4,305 U.S. Treasury-general account 4,463 — 4,463 — — — — — — — • — Foreign—official accounts 228 7 34 11 19 13 20 36 7 10 12 17 42 Other 487 1 402 — 1 18 2 57 1 — 1 2 2 Total deposits 29,203 775 12,756 568 1,361 913 1,576 2,707 548 479 1,148 2,023 4,349 Deferred availability cash items 9,611 323 893 359 409 2,327 1,120 756 509 392 1,134 881 508 Other liabilities and accrued dividends 1 2,166 102 574 77 149 190 112 320 77 31 105 150 279 TOTAL LIABILITIES 175,132 8,203 55,752 6,267 10,535 15,762 6,082 23,214 5,004 2,442 9,634 12,224 20,013 CAPITAL ACCOUNTS Capital paid in 1,325 34 329 57 98 67 105 182 38 47 59 89 220 Surplus 1,278 33 319 53 96 66 97 180 37 47 57 84 209 Other capital accounts 366 14 107 14 25 28 17 48 11 5 18 27 52 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 178,101 8,284 56,507 6,391 10,754 15,923 6,301 23,624 5,090 2,541 9,768 12,424 20,494 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 153,715 8,172 44,910 7,994 9,408 13,667 5,453 20,889 5,359 1,888 8,529 10,601 16,845 Less-Held by F.R. Banks 19,563 1,169 3,381 2,731 792 1,335 2,179 1,458 1,489 348 1,282 1,431 1,968 F.R. notes, net 134,152 7,003 41,529 5,263 8,616 12,332 3,274 19,431 3,870 1,540 7,247 9,170 14,877 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. acct. 3,818 199 1,104 186 250 337 133 534 140 50 200 256 429 Other eligible assets -0- — — — — — — — — — — — — U.S. govt, and agency securities 119,185 6,234 37,212 4,523 7,622 11,028 2,739 17,321 3,312 1,336 6,472 8,171 13,215 Total collateral 134,152 7,003 41,529 5,263 8,616 12,332 3,274 19,431 3,870 1,540 7,247 9,170 14,877 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