H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and , r^ ^y Condition Statement of F.R. Banks H.4.1 For immediate release January 10, 1980 Averages of dally figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, January 9, January 2, I January 10, January 9, and related items 1980 1980 I 1979 1980 Reserve Bank credit: (In millions of dollars) U.S. Government securities- U 2/ Bought outright—System account 118,789 +1,293 +14,052 117,639 Held under repurchase agreements -1,539 Federal Agency obligations- Bought outright 8,216 324 8,216 Held under repurchase agreements 589 Acceptances— Bought outright Held under repurchase agreements - 826 Loans- Total member bank borrowing 732 - 699 + 46 1,250 Includes seasonal borrowing of: 61 - 3 32 81 Other borrowing Float 7,611 - 71 - 3,477 7,577 Other F.R. assets 5,628 + 6 + 1,116 5,305 Total Reserve Bank credit 140,976 -2, 424 +12,062 139,987 Gold Stock 11,121 + 9 - 539 11,172 Special Drawing Rights certif. acct. 1,800 — + 500 1,800 Treasury currency outstanding 12,956 + 9 + 1,106 12,970 166,852 -2, 407 +13,128 165,929 Currency in circulation * 124,844 - 619 +11,083 124,290 Treasury cash holdings * 430 - 9 + 184 430 Treasury deposits with F.R. Banks 2,812 - 795 304 3,472 Foreign deposits with F.R. Banks 372 + 21 + 31 299 Other deposits with F.R. Banks 432 - 388 278 324 Other F.R. liabilities and capital 4,741 - 661 + 324 4,907 133,631 -2, 451 +11,040 133,722 Reserves: With Federal Reserve Banks 3/ 33,222 + 45 + 2,089 32,207 Currency and coin 11,359 - 70 + 909 11,359 Total reserves held 4/ 44,765 - 2 + 3,043 43,750 Required reserves 44,568 + 351 + 2,724 44,568 Excess reserves 4/ 197 - 353 + 319 818 NOTE: A net of $210 million of surplus reserves were eligible to be carried forward from the week ended January 2, into the week ending January 9. On January 9, 1980, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $80,715 million, a decrease of $248 million for the week. 1/ Net of $2,247 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $2,247 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. 2/ Net of $3,254 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which $3,254 million was with foreign official and international accounts. Includes $167 million securities loaned—fully secured by U.S. Government securities. 3/ Includes reserves of Member Banks, Edge Act Corporations and U.S. Agencies and Branches of Foreign Banks. 4/ Adjusted to include $184 million waivers of penalities for reserve deficiencies in accordance with Board policy effective November 19, 1975. 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 AMKS (In millions of dollars') Wednesday Change since Jan. 9, Jan. 2, Jan. 10, A S S E TS 1980 1980 1979 Gold certificate account 1,172 + 60 - 452 Special Drawing Rights certif. acct. * 1,800 ... + 500 Coin 405 - 3 + 140 Loans 1,250 - 810 + 491 Acceptances-- Bought outright Held under repurchase agreements -1,078 Federal Agency obligations--Bought outright 8,216 324 Held under repurchase agreements 1/ -1,122 U.S. Government securities: -. Bought outright--Bills 46,592 +1,233 +11,079 Notes 56,494 + 1,639 Bonds 14,553 + 2,0 r §8. Total bought outright 2/ 117,639 +1,233 +14,806 Held under repurchase agreements 1/ -2,664 Total U.S. Government securities 117,639 -1,431 +14,806 Total loans and securities 127,105 -4,441 +15,621 Cash items in process of collection (2,003) 14,748 -1,209 - 2,362 Bank premises 408 + 1 + 12 Other assets 3/ 4,897 - 433 + 1,029 TOTAL ASSETS (2,003) 160,535 -6,025 +14,488 L I A B I L I T I ES Federal Reserve notes 112,155 -1,322 +10,018 Deposits: Reserve accounts: Member Banks 31,876 -2,649 + 2,276 Edge Act Corporations 316 + 12 + 99 U.S. Agencies & Branches of Foreign Banks 15 + 7 + 15 Total 32,107 -2,630 + 2,390 U.S. Treasury--general account 3,472 - 489 + 1,186 Foreign 299 - 80 + 65 Other 324 -1,497 - 112 Total deposits 36,302 -4,696 + 3,529 Deferred availability cash items (2,003) 7,171 9 + 379 Other liabilities and accrued dividends 4/ 2,345 - 219 + 389 TOTAL LIABILITIES (2,003) 157,973 -6,246 +14,315 C A P I T AL A C C O U N TS Capital paid in 1,146 „ + 67 Surplus 1,145 — + 67 Other capital accounts 271 + 221 + 39 * 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 $3,254 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $167 million securities loaned— fully secured by U.S. Government securities. II 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 9, 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 obligatiIons ances Holdings Weekly Holdings Weekly changes changes Within 15 days 1,219 2,412 -3,573 42 -1,081 16 days to 90 days 31 25,750 +1,413 516 - 42 91 days to 1 year 36,091 + 729 1,355 + 17 Over 1 year to 5 years 27,864 — 4,236 - 16 Over 5 years to 10 years 12,774 — 1,325 — Over 10 years 12,748 -- 742 -- Total 1,250 117,639 -1,431 8,216 -1,122 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 9, 1980 New Fhila- Cleve Rich St. Minne- Kansas 1 San Total Boston York delnhla land mond Atlanta Chicaab Louis aoolis Citv Dallas |Franclsco. (In millions of dollars) AS S E JS Gold certificate account 11,172 992 2,902 924 646 1,293 525 1,591 474 231 473 451 670 1,800 93 459 91 149 161 64 300 79 32 75 86 211 Special Drawing Rights certif. acct. 405 26 20 21 42 44 38 32 32 16 48 27 59 Coin 1,250 209 255 22 6 74 60 213 79 66 52 127 87 Loans Acceptances: Bought outright Held under repurchase agreements 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 ±J U.S. Government securities: Bought outright— Bills 46,592 2,254 11,484 2,228 3,743 3,816 1,930 7,394 1,983 1,035 2,057 2,539 6,129 Certificates Notes 56,494 2,732 13,925 2,701 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 TToottaall bboouugghhtt oouuttrriigghhtt 22// 117,639 5,690 28,996 5,625 9,451 9,635 4,874 18,668 5,006 2,615 5,193 6,410 15,476 HHeelldd uunnddeerr rreeppuurrcchhaassee aaggrreeeemmeennttss 11// TToottaall UU..SS.. GGoovveerrnnmmeenntt sseeccuurriittiieess 117,639 5.690 28,996 5,625 9.451 9.635 4.874 18,668 5,006 2.615 5,193 6,410 15.476 Total loans and securities 127,105 6,296 31,276 6,040 10,117 10,382 5,274 20,185 5,434 2,864 5,608 6,985 16,644 Cash items in process of collection 16,751 463 2,492 515 1,048 2,265 2,409 1,908 829 1,051 1,374 1,207 1,190 Bank premises 408 103 14 54 23 83 31 16 13 28 20 12 11 Other assets 3/ 4,897 177 1,223 281 365 348 306 666 166 126 220 270 749 lnterdi8trict settlement account -0- - 755 +2,787 - 801 + 53 - 294 -1.388 - 432 - 505 - 602 + 156 + 233 +1,548 TOTAL 162,538 7,395 41,173 7,125 12,443 14,282 7,259 24,266 6,522 3,746 7,974 9,271 21,082 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 $3,254 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $167 million securities loaned—fully secured by U.S. Government securities. 3/ Includes assets denominated in. foreign currencies, revalued monthly at market exchange rates. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON January 9, 1980 H.4.1(c) Phila St. Minne Kansas San Total Boston New York delphia Cleveland Richmond Atlanta Chicago Louis apolis City Dallas {Francisco (In millions of dollars) Federal Reserve notes 112,155 5,692 29,890 5,399 8,991 10,197 3,242 18,406 4,721 1,900 4,950 5,828 12,939 Deposits: Reserve Accounts 1/ 32,207 1,010 7,968 1,028 2,296 1,585 1,983 4,011 838 962 1,477 2,309 6,740 U.S. Treasury—general account 3,472 224 678 229 253 228 303 376 227 179 232 203 340 Foreign 299 9 78 12 25 16 23 45 9 10 13 17 42 Other 324 1 298 1 8 * 2 1 2 2 6 3 Total deposits 36,302 1,244 9,022 1,269 2,575 1,837 2,309 4,434 1,075 1,153 1,724 2,535 7,125 Deferred availability cash items 9,174 285 921 257 486 1,938 1,399 721 559 569 1,095 648 296 Other liabilities and accrued dividends 2/ 2,345 96 697 96 178 170 124 326 86 46 95 111 320 TOTAL LIABILITIES 159,976 7,317 40,530 7,021 12,230 14,142 7,074 23,887 6,441 3,668 7,864 9,122 20,680 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 271 12 63 14 23 23 11 43 11 6 12 15 38 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 162,538 7,395 41,173 7,125 12,443 14,282 7,259 24,266 6,522 3,746 7,974 9,271 21,082 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 125,131 6,375 32,621 6,132 9,599 11,032 5,157 19,508 5,265 2,526 5,810 6,624 14,482 Collateral for F.R. notes: Gold certificate account 11,172 992 2,902 924 646 1,293 525 1,591 474 231 473 451- 670 Special Drawing Rights certif. acct. 1,800 93 459 91 149 161 64 300 79 32 75 86 211 Eligible paper 673 14 246 22 6 26 23 100 58 28 27 116 7 U.S. Gov't, and Agency Securities 111,486 5,276 29,014 5,095 8,798 9,552 4,545 17,517 4,654 2,235 5,235 5^971 13,594 Total collateral 125,131 6,375 32,621 6,132 9,599 11,032 5,157 19,508 5,265 2,526 5,810 6,624 14,482 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. * Less than $500,000. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis