H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Reserves of Depositor ©ftons a&d Condition Statement of F.R. Banks H.4.1. For immediate release July 2, 1982 i Averages of daily figures (millions of dollars) RReesseerrvveess ooff ddeeppoossiittoorryy iinnssttiittuuttiioonnss,, WWeeeekk eennddeedd Change from week ended Wednesday JJuunnee 3300,, June 23, July 1, June 30, 11998822** IQfi? 1981 I 1982* Reserve Bank credit: 1 2 U.S. government securities- Bought outright-system account 130,458 39 + 9,774 127,005 Held under repurchase agreements 840 656 Federal agency obligations- Bought outright 9,002 + 299 9,002 Held under repurchase agreements 234 88 Acceptances-^ Bought outright Held under repurchase agreements 289 522 Loans to depository institutions 1,616 + 601 115 1,638 Includes: seasonal borrowing of 268 + 14 38 257 extended credit of 93 3 + 93 94 Float 1,808 254 1,477 2,366. Other F.R. assets 9,035 + 183 1,420 8,867 Total Reserve Bank credit 151,918 874 + 5,794 148,878 Gold stock 11,149 5 11,149 Special Drawing Rights certificate account 3,818 + 929 3,818 Treasury currency outstanding 13,781 + 4 + 122 13,781 Total Factors 180,666 869 + 6,840 177,626 Currency in circulation** 146,103 211 + 9,175 146,966 Treasury cash holdings** 460 1 25 460 Treasury deposits with F.R. Banks 3,140 590 73 4,099 Foreign deposits with F.R. Banks 322 + 51 + 41 586 Other deposits with F.R. Banks 461 + 11 + 57 437 Required clearing balances 213 + 6 + 213 213 Other F.R. liabilities and capital 5,350 121 + 167 4,880 156,049 855 + 9,555 157,641 Reserve balances with F.R. Banks3 24,617 15 2,715 19,985 Total vault cash 19,687 + 1,003 + 1,368 19,687 (a) Vault cash at institutions with required reserve balances 13,459 + 561 + 946 13,459 (b) Vault cash equal to required reserves at other institutions 2,429 + 158 + 996 2,429 (c) Surplus vault cash at other institutions4 3,799 + 284 574 3,799 Reserve balances + total vault cash3»s 44,305 i + 988 1,346 39,673 Reserve balances + total vault cash used to satisfy reserve requirements5, 6 40,506 + 704 772 35,874 Required reserves 39,799 + 245 1,048 39,799 Excess reserve balances at F.R. Banks5' 7 707 | + 459 + 276 3,925 On June 30, 1982 , marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter national accounts were $ 96,122 million, an increase of $4,620 million for the week. 1 Net of $2,212 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 1,916 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. 2 Net of $ 5,665million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 3,590 million was with foreign official and international accounts. Includes $ 747 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. 7 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 (Chicago District). ** Estimated (Treasury's Figures). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.41 (a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS Millions of dollars Change since ** WWeeddnneessddaayy **** Wednesday Wednesday June 30. 1982 June 23. 1982 Julv 1. 1981 ASSETS Gold certificate account 11,149 _,. 5 : Special Drawing Rights cert if. acct. 3,818 — + 750 Coin 415 + 7 + 41 Loans 1,638 + 584 -2,490 Acceptances- Held under repurchase aggreements Federal agency abligations— Bought outright 9,002 __ + 308 Held under repurchase agreements 1 __ „^ U.S. government securities: Bought outright-Bills 47,921 -3,816 +4,069 Notes 60,943 - 200 +2,125 BBoonnddss 18,141 -~ + 535 TToottaall bboouugghhtt oouuttrriigghhtt 22 127,005 -4,016 +6,729 HHeelldd uunnddeerr rreeppuurrcchhaassee aaggrreeeemmeennttss 11 — TToottaall UU..SS.. ggoovveerrnnmmeenntt sseeccuurriittiieess 127,005 -4,016 +6,729 Total loans and securities 137,645 -3,432 +4,547 Cash items in process of collection < 2,294> 9,298 + 523 -1,543 Bank premises 521 + 2 + 47 Other assets 3 8,346 - 167 -2,181 TOTAL ASSETS ' 2,294> 171_,_1_92 -3^067 +1^65? LIABILITIES Federal Reserve notes 134,060 + 554 +8,928 Deposits: Depository Institutions 20,198 -5,564 -6,823 U.S. Treasury-general account 4,099 +1,242 + 399 Foreign-official accounts 586 + 311 + 311 Other ( 5) 437 + 14 - 524 Total deposits ,( 5> , 25,320 -3,997 -6,637 Deferred availability cash items 12,289 > 6,932 + 725 - 248 Other liabilities and accrued dividends 4 2,073 - 194 - 457 TOTAL LIABILITIES <2,294 > 168,385 -2,912 +1,586 CAPITAL ACCOUNTS Capital paid in 1,327 _,. + 82 Surplus 1,278 — + 75 Other capital accounts 202 - 155 - 87 * 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 foreign official and international accounts of which $-0- million was outstanding at the end of the latest statement week. 2 Net of $5,665 million matched sale-purchase transactions outstanding at the end of the latest statement week. $747 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 $72 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. ** Estimated ''Chicago District^. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, JUNE 30, 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 1,585 — 2,316 -3,119 184 +49 16 days to 90 days 53 — 25,432 -1,795 443 -48 91 days to 1 year — — 34,454 +1,161 1,629 +27 Over 1 year to 5 years — — 37,326 - 263 5,316 -28 Over 5 years to 10 years — — 10,717 . . — 927 . __ Over 10 years — ^^ 1166,,776600 — 550033 • — Total 1,638 112277,,000055 -4,016 99,,000022 — 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 30, 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 415 31 26 14 35 49 55 23 24 18 37 29 74 Loans 1,638 j 66 71 223 144 179 80 120 105 74 202 302 72 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 ^ -0- ~~ «» "*" -- ~- ~~ --• -- -- -- -- -- U.S. government securities: Bought outright—Bills 47,921 2,214 15s074 1,598 3,163 4,066 1,220 6,801 1,613 603 2,264 3,248 6,057 Notes 60,943 2,816 19,170 2,031 4,022 5,171 1,551 8,649 2,052 768 2,879 4,131 7,703 ,-: 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 112277,,000055 5,868 39,950 4,233 8,382 10,776 3,233 18,025 4,276 1,600 6,000 8,609 16,053 ~~00-- HHHeeelllddd uuunnndddeeerrr rrreeepppuuurrrccchhhaaassseee aaagggrrreeeeeemmmeeennntttsss 111 i • "" *"** ~— ~ — ~"* -- ~.~ -- -- -- -- -«• TTToootttaaalll UUU ...SSS... gggooovvveeerrrnnnmmmeeennnttt ssseeecccuuurrriiitttiiieeesss 127,005 5,868 39,950 4,233 8,382 10,776 3,233 18,025 4,276 1>600 6,000 8,609 "' ~6TQ53~ TTToootttaaalll llloooaaannnsss aaannnddd ssseeecccuuurrriiitttiiieeesss 137,645 6,350 42,853 4,756 9,120 11,719 3,542 19,423 4,684 1,787 6,627 9,521 17,263 Cash items in process of collection 1 11,592 449 1,233 369 352 2,482 1,337 1,135 482 477 1,341 1,037 898 BBaannkk pprreemmiisseess 521 97 24 51 27 106 34 18 14 27 23 15 85 OOtthheerr aasssseettss 33 8,346 261 2,497 346 563 476 503 1,181 246 227 366 505 1*175 Interdistrict settlement account -0- + 280 +2,249 + 16 - 549 + 47 - 37 -1,086 -1,030 - 255 + 530 + 146 - 311 TOTAL ASSETS 173,486 8,237 53,199 6,292 10,542 16,183 5,969 22,804 4,978 2,485 9,699 12,252 20,846 1 Does not jnclude 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 $ 5665 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 747 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 $ 72 million in Treasury Bills maturing within 90 days. * Estimated (Chicago District). 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 30, 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 134/060 7,092 41,760 5,248 8,650 12,322 3,094 19,498 3,869 1,505 7,139 9,157 14,726 Deposits: Depository institutions 20,198 591 4,620 589 1,233 1,128 1,542 1,898 531 477 1,036 2,020 4,533 U.S. Treasury ^general account 4,099 — 4,099 «-- — — — — — — — — — Foreign-official accounts 586 11 265 18 32 22 33 60 12 16 19 28 70 Other 442 1 339 — 1 8 3 82 1 — 2 2 3 Total deposits 25,325 603 9,323 607 1,266 1,158 1,578 2,040 544 493 1,057 2,050 4,606 Deferred availability cash items 9,221 361 942 244 275 2,361 1,022 521 402 366 1,273 707 747 Other liabilities and accrued dividends1 2,073 106 478 81 152 194 76 325 77 31 109 155 289 TOTAL LIABILITIES 170,679 8,162 52,503 6,180 10,343 16,035 5,770 22,384 4,892 2,395 9,578 12,069 20,368 CAPITAL ACCOUNTS Capital paid in 1,327 34 329 57 98 68 105 182 38 47 60 89 220 Surplus 1,278 33 319 53 96 66 97 180 37 47 57 84 209 Other capital accounts 202 8 48 2 5 14 - 3 58 11 - 4 4 10 49 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 173,486 8,237 53,199 6,292 10,542 16,183 5,969 22,804 4,978 2,485 9,699 12,252 20,846 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 154,036 8,313 45,108 7,914 9,406 13,577 5,193 21,254 5,310 1,890 8,487 10,648 16,936 Less-Held by F.R. Banks 19,976 1,221 3,348 2,666 756 1 255 2,099 1,441 385 1,346 1,491 2,210 F.R. notes, net 134,060 7^092 417760 5^248 §7650 12,322 3,094 19,498 3,869 1,505 7,139 9,157 14,726 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 39 39 — — — — — — — — — — — U.S. govt, and agency securities 119,054 6,284 37,443 4,508 7,656 11,018 2,559 17,388 3,311 1,301 6,364 8,158 13,064 Total collateral 134,060 7,092 41,760 5,248 8,650 12,322 3,094 19,498 3,869 1,505 7,139 9,157 14,726 1 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. * Estimated (Chicago District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis