H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 Por immediate release January 3, 1980 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Jan. 2, Dec. 26, Jan. 3, Jan. 2, and related items 1980* 1979 1979 1980* Reserve Bank credit: (In millions of lollars) U.S. Government securities-- 1/ 2/ Bought outright--System account 117,496 + 168 + 8,464 116,406 Held under repurchase agreements 1,539 + 474 + 265 2,664 Federal Agency obligations— Bought outright 8,216 321 8,216 Held under repurchase agreements 589 404 259 1,122 Acceptances-- Bought outright Held under repurchase agreements 826 20 252 1,078 Loans-- Total member bank borrowing 1,431 207 248 2,060 Includes seasonal borrowing of: 64 16 55 57 Other borrowing Float 7,808 + 951 - 109 8 ,766 Other F.R. assets 5,624 - 43 + 1 ,152 5 ,752 Total Reserve Bank credit 143,528 +2 ,181 +10 ,850 146 ,064 Gold Stock 11,112 - 559 11 112 Special Drawing Rights certif. acct. 1,800 + 500 1 ,800 Treasury currency outstanding 12,947 + 9 + 1 .109 12 947 169,387 +2,189 +11,900 171,923 Currency in circulation 125,461 733 +10,741 125,572 Treasury cash holdings 439 1 + 197 430 Treasury deposits with F.R. Banks 3,607 512 - 275 3,961 Foreign deposits with F.R. Banks 351 85 + 17 379 Other deposits with F.R. Banks 820 504 - 384 1,821 Other F.R. liabilities and capital 5,404 41 + 1,061 M23 136,082 +1,793 +11,357 137,086 Reserves: With Federal Reserve Banks 3/ 33,305 397 + 540 34,837 Currency and coin 11,429 445 + 891 11,429 Total reserves held4/ 44,895 + 839 + 1,475 46,427 Required reserves 44,217 + 657 + 1,523 44,217 Excess reserves 4/ 678 + 182 48 2,210 NOTE: A net of $151 million of surplus reserves were eligible to be carried forward from the week ended December 26,1979, into the week ending January 2, 1980. On January 2, 1980, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $80,963 million, an increase of $3,154 million for the week. 1/ Net of $3,618 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $3,618 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. U Net of $4,687 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which $4,687 million was with foreign official and international accounts. Includes $336 million securities loaned—fully secured by U.S. Government securities. Includes reserves of Member Banks, Edge Act Corporations and U.S. Agencies and Branches of Foreign Banks. 4/ Adjusted to include $161 million waivers of penalities for reserve deficiencies in accordance with Board policy effective November 19, 1975. Estimated (Cleveland, St. Louis and Dallas 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 (In millions of dollars) Wednesday Change since Jan. 2, Dec. 26, Jan, 3, ASSETS 1980 ** 1979 1979 Gold certificate account 11,112 — - 559 Special Drawing Rights certif. acct. it 1,800 „- + 500 Coin 408 4 + 143 Loans 2,060 + 78 + 1,445 Acceptances-- Bought outright Held under repurchase agreements 1,078 + 663 + 775 Federal Agency obligations—Bought outright 8,216 -- + 324 Held under repurchase agreements 1/ 1,122 +1,007 + 1,113 U.S. Government securities: - Bought outright—Bills 45,359 +3,550 + 5,924 Notes 56,494 — + 1,639 Bonds 1144,,555533 -- ++__2 ,088 Total bought outright 2/ 111166,,440066 +3,550 ++ 9,651 Held under repurchase agreements 1/ 2,664 +2,463 + 2,523 Total U.S. Government securities 119,070 +6,013 +12,174 Total loans and securities 131,546 +7,761 +15,831 Cash items in process of collection (2,225) 15,894 +1,101 -4,667 Bank premises 407 + 1 + 13 Other assets V 5,345 - 270 + 1,324 TOTAL ASSETS (2,225) 166J512 +8,589 +12,585 H AB I L I T I I! Federal Reserve notes 113,463 27 +10,014 Deposits: Reserve accounts: Member Banks 34,525 +6,425 + 1,604 Edge Act Corporations 304 - 108 + 30 * * H,S. Agencies & Branches of Foreign Banks 8 + 8 Total 34,837 +6,317 + 1,642 U.S. Treasury—general account 3,961 +1,078 + 383 Foreign 379 + 163 + 109 Other 1,821 +1,451 + 1,341 Total deposits 40,998 +9,009 + 3,475 Deferred availability cash items (2,225) 7,128 + 365 - 1,658 Other liabilities and accrued dividends !*.' 2,582 - 30 + 650 TOTAL LIABILITIES (2,225) 164,171 +9,317 +12,481 C A P I T AL A C C O U N TS Capital paid in 1,146 + 1 + 67 Surplus 1,145 + 67 + 67 Other capital accounts 50 - 796 - 30 * Figures in parentheses are the eliminations made in the consolidating process. ** Estimated (Cleveland, St. Louis, and Dallas Districts). 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_f Net of $4,687 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $336 million securities loaned— fully secured by U.S. Government securities. 3/ Includes assets denominated in foreign currencies. Beginning December 29, 1978, such assets are revalued monthly at market exchange rates. 4/ Includes exchange-translation accounts reflecting, beginning December 29, 1978, the monthly revaluation at market exchange rates of foreign exchange commitments. MATURITY DISTRIBUTION: OF LOANS AND SECURITIES. JANUARY 2, 1980 (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 Federal Agency Loans Accept securities obligations ances Holdings Weekly Holdings Weekly changes change; Within 15 days 2,027 1,078 5,985 +2,989 1,123 857 16 days to 90 days 33 24,337 +3,930 558 + 101 91 days to 1 year 35,362 -1,061 1,338 + 31 Over 1 year to 5 years 27,864 + 155 4,252 + 18 Over 5 years to 10 years 12,774 -- 1,325 — Over 10 years 12,748 — 742 — Total 2,060 1,078 119,070 +6,013 9,338 +1,007 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 JANUARY 2, 1980 — ]" New ~T Phil-a- Cleve Rich - ~^T™" Minne- Kansasj * 1S an _.. Jfotal,...,. BBoossttoonn LLjj^^rrkk^^JJ .^Je^phla^ land* 1_ mond At-1 ant a Chicaso i ^^JJ^^uullAA!!LLLLaappoolliiss__JJ CCiittyy II DDaallllaassjjFF rancisco •—u.JP..i\s^3n£r~rd (In millions of dollars) A S S E TS Gold certificate account 11,112 992 2,841 924 646 1,293 525 1,591 474 232 473 451 670 Special Drawing Rights certif. acct. 1,800 93 459 91 149 161 64 300 79 32 75 86 211 Coin 408 25 20 20 43 44 39 30 33 17 48 30 59 Loans 2,060 47 26 64 86 146 134 ?61 44 34 50 159 409 Acceptances• Bought outright — — „« «*, «~ „_ „« ~„ ,- __ -- Held under repurchase agreements 1,078 -- 1,078 — — — — — — — « — — Federal Agency obligations— Bought outright 8,216 397 2,025 393 660 673 340 1,304 349 183 363 448 1,081 Held under repurchase agreements 1/ 1,122 — 1,122 — -- — -- — — — — -- — U.S. Government securities: Bought outright-- Bills 45,3fv? 2 , 194 11,1*0 2„169 3,644 3,715 1,879 7.199 1,930 ls008 2,002 2,472 5,967 Certificates - -,„ ^« ~„ -« „„ -- -~ — — — — — Notes 56,494 2 , 732 13,923 ",701 4,539 4,627 2,341 8,965 2,404 1,256 2,494 3,078 7,432 Bonds 14,553 704 3,587 696 1,169 1,192 603 2,309 619 324 642 793 1,915 Total bought outright 2/ 116,406 5 ,630 28,692 5,566 9,352 9,534 4,823 18,473 4,953 2,588 5,138 6,343 15,314 Held ui^der repurchase agreements 1/ 2,664 __ „~ 2,664 — -- — — «,- .. — — — — Total U.S. Government securities 119,070 ,630 31,356 5,566 9,352 9,534 4,823 18,473 4,953 2,588 5,138 6,343 15,314 Total loans and securities 131,546 6 ?074 35,607 6,023 10,098 10,353 5,297 20,638 5,346 2,805 5,551 6,950 16,804 Gash items in process of collection 18,119 559 1.593 305 1,260 2,490 1,955 2,445 1,161 1,198 2,208 2,102 843 Bank premises 407 103 14 54 23 83 30 16 13 28 20 12 11 Other assets 1/ 5,345 242 1,271 3^8 375 414 293 703 161 127 227 290 894 Interdistrict settlement account °0- __L_ 522__ +3,026 - _ 5jL2_ - 565 + 211 r5 47 -1,215 - 262 • 294 4- 105 - 80 + 655 TOTAL 168,737 7 ,566 44,831 7,253 12,029 15,049 7S656 24,508 7,005 4,145 8,707 9,841 20,147 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 $4,687 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $336 million securities loaned—fully secured by U.S. Government securities. 3/ Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. * Estimated (Cleveland, St. Louis, and Dallas Districts). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON January 2,1 980 H.4.1(c) * Phila St. * Minne Kansas * San Total Boston New York delphia Cleveland Richmond Atlanta Chicago Louis apolis City Dallas Francisco (In million3 of dollars) L I A B I L I T I ES Federal Reserve notes 113,463 5,748 30,062 5,450 9,031 10,310 3,551 18,505 4,754 1,915 5,000 5,933 13,204 Deposits: Reserve Accounts J./ 34,837 1,074 10,957 1,074 1,825 1,688 2,105 4,180 1,182 1,099 1,561 2,623 5,469 U.S. Treasury—general account 3,961 226 265 243 353 435 365 409 270 201 461 365 368 Foreign 379 9 157 12 26 16 23 45 9 10 13 17 42 Other 1,821 43 1,127 45 70 75 35 150 40 20 45 49 122 Total deposits 40,998 1,352 12,506 1,374 2,274 2,214 2,528 4,784 1,501 1,330 2,080 3,054 6,001 Deferred availability cash items 9,353 257 822 243 356 2,222 1,296 566 596 783 1,433 600 179 Other liabilities and accrued dividends 2/ 2,582 141 853 96 175 181 105 308 82 43 93 115 390 TOTAL LIABILITIES 166,396 7,498 44,243 7,163 11,836 14,927 7,480 24,163 6,933 4,071 8,606 9,702 19,774 CAPITAL ACCOUNTS Capital paid in 1,146 33 290 45 95 59 87 168 35 36 49 67 182 Surplus 1,145 33 290 45 95 58 87 168 35 36 49 67 182 Other capital accounts 50 2 8 3 5 2 9 2 2 3 5 9 TOTAL LIABILITIES AND CAPITAL ACCOUNTS ,168,737 7,566 44,831 7,253 12,029 15,049 7,656 24,508 7,005 4,145 8,707 9,841 20,147 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 125,217 6,400 32,627 6,140 9,613 11,013 5,219 19,526 5,288 2,530 5,798 6,546 14,517 Collateral for F.R. notes: Gold certificate account 11,112 992 2,841 924 646 1,293 525 1,591 474 232 473 451 670 Special Drawing Rights certif. acct. 1,800 93 459 91 149 161 64 300 79 32 75 86 211 Eligible paper 691 32 26 29 86 92 34 111 12 26 39 118 86 U.S. Gov't, and Agency Securities 111,614 5,283 29,301 5,096 8,732 9,467 4,596 17,524 4,723 2,240 5,211 5,891 13,550 Total collateral 125,217 6,400 32,627 6,140 9,613 11,013 5,219 19,526 5,288 2,530 5,798 6,546 14,517 1/ Includes reserves of Member Banks, Edge Act Corporations and U.S. Agencies and Branches of Foreign Banks. 2/ Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. * Estimated (Cleveland, St. Louis and Dallas Districts). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis