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 June 25, 1982 Averages of daily figu res ( millions of dollars) RReesseerrvveess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss,, WWeeeekk eennddeedd Change from week ended Wednesday RReesseerrvvee BBaannkk ccrreeddiitt aanndd rreellaatteedd iitteemmss JJuunnee 2233,, June 16, June Z4, June 23, 1982 1982 1981 i 1982 Reserve Bank credit: 1 \2 U.S. government securities- Bought outright-system account 130,497 - 921 + 9,526 131,021 Held under repurchase agreements 840 + 840 + 193 — Federal agency obligations- Bought outright 9,002 — + 295 9,002 Held under repurchase agreements 234 + 234 + 50 — Acceptances- Bought outright — — — — Held under repurchase agreements 289 + 289 + 147 — Loans to depository institutions 1,015 + 84 - 1,287 1,054 Includes: seasonal borrowing of 254 + 32 - 53 262 extended credit of 96 - 8 + 96 91 Float 2,079 + 32 - 535 2,568 Other F.R. assets 8,852 + 195 - 1,563 9,032 Total Reserve Bank credit 152,809 + 753 + 6,826 152,677 Gold stock 11,149 — - 5 11,149 Special Drawing Rights certificate account 3,818 — + 1,000 3,818 Treasury currency outstanding 13,777 j + 5 + 206 13,781 Total Factors 181,552 + 758 + 8,026 181,425 Currency in circulation* 146,314 - 601 + 9,662 146,419 Treasury cash holdings* 461 - 2 - 33 460 Treasury deposits with F.R. Banks 3,730 + 780 + 709 2,857 Foreign deposits with F.R. Banks 271 - 32 - 39 275 Other deposits with F.R. Banks 450 - 80 + 129 423 Required clearing balances 207 + 3 + 207 207 Other F.R. liabilities and capital J 5,471 + 163 + 212 5,229 156,904 + Ul + 10,846 155,870 Reserve balances with F.R. Banks3 24,649 + 527 _ 2,815 25,555 Total vault cash 18,684 - 708 + 1,398 18,684 (a) Vault cash at institutions with required reserve balances 12,914 - 67 + 1,077 12,914 (b) Vault cash equal to required reserves at other institutions | 2,271 - 187 + 888 2,271 (c) Surplus vault cash at other institutions4 3,499 - 454 - 567 3,499 Reserve balances + total vault cash3'5 43,334 - 183 - 1,416 44,240 Reserve balances + total vault cash used to satisfy reserve requirements5, 6 39,835 + 271 - 849 40,741 Required reserves 39,554 + 210 - 716 39,554 Excess reserve balances at F.R. Banks5, 7 | 281 1 + 61 - 133 j 1,187 On June 23, 1982 , marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter national accounts were $ 91,502 million, a decrease of $ 3,195 million for the week. 1 Net of $2,173 million, daily average, matched sale-ourchase transactions outstanding during the latest statement week, of which a net of $ 2,173 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. Government securities. 2 Net of $ 1,649 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 1,649 million was with foreign official and international accounts. Includes $ 453 million securities loaned—fully secured by U.S. Government securities. 3 Exclude required clearing balances. 4 Total vault cash at institutions without required reserve balances less vault cash equal to their required reserves. 5 Adjusted to include $ 1 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19,1975. 6 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 (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 ¥¥rr WWeeddnneessddaayy Wednesday Wednesday June 23, 1982 June 16. 1982 Jimp. 24f 1QR1 ASSETS Gold certificate account 11,149 —-• ^ 5 Special Drawing Rights certif. sect. 3,818 —. + 1,000 Coin 408 + 11 + 11 Loans 1,054 ,- 450 ,_ 749 Acceptances- ^_, Held under repurchase aggreements Federal agency abligations— Bought outright 9,002 ,__ + 295 Held under repurchase agreements 1 —^ —„ U.S. government securities: Bought outright-Bills 51,737 + 218 + 8,801 Notes 61,143 ,.„ + 2,325 BBoonnddss 18,141 ,-- + 535 TToottaall bboouugghhtt oouuttrriigghhtt 22 131,021 + 218 +]1 -fifil Held under repurchase agreements 1 ~ Total U.S. government securities 131,021 + 218 +11,661 Total loans and securities 141,077 232 +]1.701 Cash items in process of collection (2,392 ) 8,775 ^ 1,194 2,495 Bank premises 519 .,— + 45 Other assets 3 8,513 + 126 ,_ 1,474 TOTAL ASSETS (2,392 ) 174,259 •z_ 1,289 +] 8,289 LIABILITIES Federal Reserve notes 133,506 „ 646 + 9,260 Deposits Depository Institutions 25,762 + 1,737 360 U.S. Treasury—general account 2,857 ,- 1,606 _ 52 Foreign—official accounts 275 + 47 + 38 Other (1) 423 _ 64 + 139 Total deposits /(1) i 29,317 +~ 114 235 Deferred availability cash items (2,391 * 6,207 _ 851 _ 748 Other liabilities and accrued dividends 4 2,267 + 101 188 TOTAL LIABILITIES (2,392 ) 171,297 1,282 ~ 8,089 CAPITAL ACCOUNTS Capital paid in 1,327 + 2 + 81 Surplus L,278 — + 75 Other capital accounts 357 - 9 + 44 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 tc foreign official and international accounts, of which $-0- mj.llion was outstanding at the end of the latest statement week. Net of $1,649 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $453 million securities loaned—fully secured by U.S. government securities. Includes assets denominated in foreign currencies, revalued monthly at market exchange rates.. Includes special investment account at Chicago of $64 million in Treasury Bills maturing within 90 days. Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JUNE 23, 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 j Weekly changes Holdings | Weekly changes Within 15 days 1,017 — 5,435 -1,838 135 16 days to 90 days 37 — 27,227 + 784 491 91 days to 1 year — — 33,293 +1,272 1,602 Over 1 year to 5 years — — 37,589 —_. 5,344 Over 5 years to 10 years — — 10,717 —. 927 Over 10 years — 1166,,776600 — 550033 «__ ••EErr Total 1,054 TTiill,,002211 + 218 YYTTTTKKJJZZ ~zrz 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 - 23, 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 5 70 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 408 30 23 13 36 51 50 20 25 19 38 30 73 Loans 1,054 44 78 149 6 99 15 169 74 79 131 165 45 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 51,737 2,391 16,275 1,724 3,415 4,390 1,317 7,342 1,741 652 2,444 3,506 6,540 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 2 131,021 6,054 41,214 4,366 8,647 11,117 3,335 18,595 4,411 1,651 6,189 8,881 16,561 Held under repurchase agreements 1 -0- Total U.S. government securities 131,021 6,054 41,214 4,366 8,647 11,117 3,335 18,595 4,411 1,651 6,189 8,881 16,561 Total loans and securities 141,077 6,514 44,124 4,815 9,247 11,980 3,579 20,042 4,788 1,843 6,745 9,656 17,744 Cash items in process of collection 11,167 551 1,044 424 628 2,244 1,236 1,135 521 426 1,106 1,148 704 Bank premises 519 98 24 51 27 106 34 18 14 27 23 15 82 Other assets 3 ! 8,513 264 2,589 343 581 497 489 1,163 243 233 369 ^ 5l7 1,225 Interdistrict settlement account -0- + 64 + 11 81 858 61 + 223 - 440 967 36 + 604 + 376 + 1,165 TOTAL ASSETS 176,651 8,290 52,132 6,305 10,655 16,121 6,146 24,048 5,182 2,716 9,660 12,741 22,655 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 $ 1,649 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 453 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 $ 64 million iinn TTrreeaassuurryy BBiillllss mmaattuurriinnga wwiitthhiinn 9900 ddaavyss.. 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 23. 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 133.506 7,005 41,509 5,216 8,595 12,220 3,076 19,519 3,843 1,507 7,136 9,144 14,736 Deposits: Depository institutions 25,762 825 5,267 562 1,292 1,318 1,808 3,159 724 681 1,245 2,393 6,488 U.S. Treasury—general account 2,857 2,857 Foreign—official accounts 275 6 104 9 17 12 17 32 7 9 10 15 37 Other 424 1 337 1 9 2 70 2 1 1 Total deposits 29,318 832 8,565 571 1,310 1,339 1,827 3,261 731 690 1,257 2,409 6,526 Deferred availability cash items 8,598 263 681 313 372 2,203 942 521 443 387 1,024 830 619 Other liabilities and accrued dividends1 2,267 109 618 81 160 198 84 338 79 33 111 160 296 TOTAL LIABILITIES 173,689 8,209 51,373 6,181 10,437 15,?60 5,929 23,639 5,096 2,617 9,528 12,543 22,177 CAPITAL ACCOUNTS Capital paid in 1,327 34 329 57 98 68 105 182 38 48 59 89 220 Surplus 1,278 33 319 53 96 66 97 180 37 47 57 84 209 Other capital accounts 357 14 111 14 24 27 15 47 11 4 16 25 49 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 176,651 8,290 52,132 6,305 10,655 16,121 6,146 24,048 5,182 2,716 9,660 12,741 22,655 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 153,920 8,230 45,007 7,955 9,425 13,652 5,336 21,097 5,320 1,897 8,514 10.603 16,884 Less-Held by F.R. Banks 20,414 1,225 3,498 2,739 830 1,432 2,260 1,578 1,477 390 1,378 1,459 2,148 F.R. notes, net 133,506 7,005 41,509 5,216 8,595 12,220 3,076 19,519 3,843 1,507 7,136 9,144 14,736 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 118,539 6,236 37,192 4,476 7,601 10,916 2,541 17,409 3,285 1,303 6,361 8,145 13,074 Total collateral 133,506 7,005 41,509 5,216 8,595 12,220 3,076 19,519 3,843 1,507 7,136 9,144 14,736 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