H.4.1 Factors Affecting Reserve Balances of Depository Institutions

•'*Of GOlW". FEDERAL RESERVE Factors Affecting Bank Reserves and > ?5STRt^-' Condition Statement of F.R. Banks «A v, & H.4.1 Jatfupry^ 17, 19S&£| E>> %c 0^ fa . ^0 Averages of daily M.f, J^ R esY tm Member bank reserves, Week ended Change Wednesday Reserve Bank credit, Jan. 16, Jan. 9 Jan. 16, and related items 1980 * 1980 1980 * 1979 Reserve Bank credit: (In millions of dollars) U.S. Government securities— 1/ 2/ Bought outright—System account 118,713 76 +11,582 114,774 Held under repurchase agreements Federal Agency obligations- Bought outright 8,216 324 8,216 Held under repurchase agreements Acceptance s— Bought outright Held under repurchase agreements Loans- Total member bank borrowing 1,223 + 491 + 327 1,718 Includes seasonal borrowing off: 74 + 13 24 78 Other borrowing Float 6,192 -1,461 - 3,162 6,700 Other F.R. assets 5,319 - 309 + 933 5,262 Total Reserve Bank credit 139,663 -1,355 +10,004 136,670 Gold Stock 11,172 + 51 - 437 11,172 Special Drawing Rights certif. acct. 1,800 — + 500 1,800 Treasury currency outstanding 12,973 + 17 + 1,109 12,979 165,608 -1,286 +11,176 162,621 Currency in circulation ** 123,375 -1,469 +10,776 123,031 Treasury cash holdings ** 440 + 10 + 193 440 Treasury deposits with F.R. Banks 3,281 + 469 21 3,468 Foreign deposits with F.R. Banks 283 - 89 + 6 250 Other deposits with F.R. Banks 321 - Ill - 465 307 Other F.R. liabilities and capital 5,012 + 271 + 522 5,023 132,712 - 919 +11,011 132,519 Reserves: With Federal Reserve Banks 3/ 32,896 - 368 + 165 30,102 Currency and coin 13,506 4-2,147 + 1,515 13,506 Total reserves held 4/ 46,573 +1,766 + 1,713 43,779 Required reserves 45,988 +1,420 + 1,532 45,988 Excess reserves 4/ 585 + 346 + 181 - 2,209 HOTS; A net of $12 million of surplus reserves were eligible to be carried forward from the week ended January 9 into the week ending g January 16. On January 16, 1980, marketable B«§. Government securities held in custody hy the Federal Reserve Banks for foreign official and international accounts were $79,426 million, a dfecrease of $1,289 million for the week. y Net of $1,750 million, daily average, 'matched sale-purchase transactions outstanding during the latest statement week, of which $1,304 million was with foreign official, snd international accounts* Includes securities loaned—fully secured by U.S. Government securities* Net of $4,847 million Hatched sale-purchase transactions outstanding at the end of the latest statement week, of which $1,726 million was with foreign official and international accounts. Includes $55 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 $171 million waivers of penalities for reserve deficiencies in accordance with Board policy effective November 19, 1975. Estimated (Kansas City and San Francisco Districts), Estimated (Treasury's Figures). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(a> CONSOLIDATED STATBMBIIT OF CONDITION Or ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday . Change since January 16, JJanuary 9, January 17, A S S E TS 19110** 1380 U2SL Gold certificate account 11,172 436 Special Drawing Rights certif. acct. * 1,800 + 500 Coin 427 22 + 143 Loans 1,718 468 - 325 Acceptances-- Bought outright Held under repurchase agreements Federal Agency obligations—Bought outright 8,216 + 324 Held under repurchase agreements 1/ U.S. Government securities: 43,727 -2,865 + 8,674 Bought outright—Bills 56,494 + 1,639 Notes 14.553 + 2.088 Bonds Total bought outright 27 114,774 -2, 865 •12,401 Held under repurchase agreements V — Total U.S. Government securities 114.774 -2, 865 •12.401 Total loans and securities 124,708 -2, 397 +12,400 Cash items in process of collection (2,584) 14,638 - 110 - 8,852 Bank premises 409 + 1 • 13 Other assets }j 4.853 - 44 • 571 TOTAL ASSETS (2,584) 158.007 =L, 528 • 4.339 L I A B I L I T I ES Federal Reserve notes 110,919 -1,236 + 9,967 Deposits: Reserve accounts: Member Banks 29,656 -2,220 - 6,244 Edge Act Corporations 418 + 102 + 153 U.S. Agencies & Branches of Foreign Banks 28 + 13 • 28 Total 30,102 -2,105 « 6,063 U.S. Treasury--general account 3,468 4 • 407 Foreign 250 - 49 66 Other 307 - 17 - 140 Total deposits 34,127 -2,175 - 5,862 Deferred availability cash items (2,584) 7,938 + 767 - 247 Other liabilities and accrued dividends 4/ 2.246 - 99 • 260 TOTAL LIABILITIES (2,584) 155,230 -2,743 • 4,118 C A P I T AL A C C O U N TS Capital paid in 1,150 + 68 Surplus 1,145 + 67 Other capital accounts 482 + 211 + 86 * Figures in parentheses are the eliminations made in the consolidating process. ** Estimated (Kansas City 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/ Net of $4,847 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $55 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 16, 1980 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) I U.S. Government Federal Agency Loans Accept securities obligations ances Holdings Weekly Holdings Weekly changes Ichanficaj Within 15 days 1,510 4,356 +1,944 42 „«. 16 days to 90 days 208 21,524 -4,226 579 +63 91 days to 1 year 35,508 - 583 1,292 -63 Over 1 year to 5 years 27,864 — 4,236 -- Over 5 years to 10 years 12,774 — 1,325 — Over 10 years 12,748 — 742 — Total 1,718 114,774 -2,865 8,216 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 16, 1980 New Phila Cleve- Rich St. Minne- Kansas San * Total Boston York delphia land 1 mond Atlant_a_ _ i Chicago Louis apolis Citv * Dallas Francisco (In millions of dollars) •MMWAHHAMMMM A S S E TS 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 Coin 427 29 21 22 44 46 42 33 34 17 49 30 60 Loans 1,718 92 342 81 13 160 178 107 85 25 64 242 329 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 1/ — — — — — — — — — — — — — U.S. Government securities: Bought outright— Bills 43,727 2,115 10,778 2,091 3,512 3,581 1,812 6,940 1,861 972 1,930 2,383 5,752 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 Total bought outright 2/ 114,774 5,551 28,290 5,488 9,220 9,400 4,756 18,214 4,884 2,552 5,066 6,254 15,099 Held under repurchase agreements 1/ — — — — -- -- — — «... — .. — -- Total U.S. Government securities 114,774 5.551 28,290 5,488 9.220 9,400 4,756 1« .2114 4.884 2.552 5.066 6.254 15,099 Total loans and securities 124,708 6,040 30,657 5,962 9,893 10,233 5,274 19,625 5,318 2,760 5,493 6,944 16,509 Cash items in process of collection 17,222 629 2,788 552 1,183 2,466 2,300 1,902 804 721 1,397 1,364 1,116 Bank premises 409 103 14 54 23 84 31 16 13 28 20 12 11 Other assets 3/ 4,853 179 1,269 278 368 315 312 683 165 130 205 232 717 Interdistrict settlement account -0- - 878 +2,179 -1,083 - 79 - 176 -1,549 + 217 - 380 - 171 4- 413 + 201 44,306 TOTAL ! 160,591 7,187 40,289 6,800 12,227 14,422 6,999 24,367 6,507 3,748 8,125 9,320 20,600 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 $4,847 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $55 million securities loaned—fully secured by U.S. Government securities. 37 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. * Estimated (Kansas City and San Francisco Districts). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON January 16, 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) LIABILITIES Federal Reserve notes 110,919 5,636 29,764 5,358 8,932 10,043 2,973 18,329 4,673 1,891 4,899 5,756 12,665 Deposits: 30,102 851 6,755 715 2,038 1,411 1,930 4,226 879 998 1,652 2,185 6,462 Reserve Accounts JL/ 3,468 208 702 179 218 259 377 248 203 142 238 337 357 U.S. Treasury—general account 250 9 26 12 25 15 23 44 9 9 13 18 47 Foreign 307 267 20 5 6 1 2 2 1 3 Other TToottaall ddeeppoossiittss 34,127 1,068 7,750 906 2,281 1,705 2,335 4,524 1,092 1,151 1,905 2,541 6,869 DDeeffeerrrreedd aavvaaiillaabbiilliittyy ccaasshh iitteemmss 10,522 303 1,404 325 631 2,356 1,395 784 570 578 1,118 758 300 Other liabilities and accrued dividends 2/ 2,246 92 675 97 153 159 103 316 82 45 84 103 337 TOTAL LIABILITIES 157,814 7,099 39,593 6,686 11,997 14,263 6,806 23,953 6,417 3,665 8,006 9,158 20,171 CAPITAL ACCOUNTS Capital paid in 1,150 33 291 45 95 61 87 168 35 36 49 68 182 Surplus 1,145 33 290 45 95 58 87 168 35 36 49 67 182 Other capital accounts 482 22 115 24 40 40 19 78 20 11 21 27 65 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 160,591 7,187 40,289 6,800 12,227 14,422 6,999 24,367 6,507 3,748 8,125 9,320 20,600 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 125,496 6,381 32,680 6,271 9,630 11,024 5,082 19,629 5,265 2,548 5,840 6,609 14,537 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 942 59 236 81 12 86 80 67 70 23 64 121 43 U.S. Gov't*and Agency Securities 111,582 5,237 29,083 5,175 8,823 9,484 4,413 17,671 4,642 2,262 5,228 5,951 13,613 Total collateral 125,496 6,381 32,680 6,271 9,630 11,024 5,082 19,629 5,265 2,548 5,840 6,609 14,537 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 (Kansas City and San Francisco Districts). ~K^ Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis