H.4.1 Factors Affecting Reserve Balances of Depository Institutions

•iS§?& FEDERAL RESERVE Factors Affecting Bank Reserves and '****&?:•' Condition Statement of F.R. Banks H.4.1 For immediate release January 24, 1980 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Jan. 23, Jan. 16, 1 Jan. 24, Jan. 23, and related items 1980 * 1980 1 1979 1980* Reserve Bank credit: (In millions of dollars) U.S. Government securities-- 1/ 2/ Bought outright—System account 117,323 -1,390 +12,598 1 116,950 Held under repurchase agreements 372 + 372 + 372 1,660 Federal Agency obligations-- Bought outright 8,216 -- + 327 8,216 Held under repurchase agreements 265 + 265 + 265 907 Acceptances— Bought outright Held under repurchase agreements 61 + 61 + 61 327 Loans-- Total member bank borrowing 1,197 29 + 274 1,116 Includes seasonal borrowing of: 78 + 4 27 102 Other borrowing Float 5,286 - 849 - 4,544 5,831 Other F.R. assets 5,357 + 33 + 1,008 5,379 Total Reserve Bank credit 138,077 -1,536 +10,361 140,386 Gold Stock 11,172 -- - 436 11,172 Special Drawing Rights certif. acct. 1,800 -- + 500 1,800 Treasury currency outstanding 12,989 + 16 + 1,114 12,989 164,038 -1,520 +11,539 166,347 Currency in circulation •k-k 122,053 -1,312 +10,616 121,779 Treasury cash holdings •k-k 450 + 10 + 201 450 Treasury deposits with F.R. Banks 3,073 - 208 - 347 3,309 Foreign deposits with F.R. Banks 320 + 37 + 51 242 Other deposits with F.R. Banks 346 4- 25 - 512 357 Other F.R. liabilities and capital 5,166 + 160 + 573 5,345 131,409 -1,287 +10,582 131,482 Reserves: With Federal Reserve Banks 3/ 32,630 - 232 + 957 34,865 Currency and coin 12,482 -1,024 + 1,314 12,482 Total reserves held 45,284 -1,255 + 2,301 47,519 Required reserves 45,082 - 906 + 2,115 45,082 Excess reserves 4/ 202 - 349 + 186 2,437 NOTE: A net of $145 million of surplus reserves were eligible to be carried forward from the week ended January 16, into the week ending January 23. On January 23, 1980, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $80,192 million, an increase of $766 million for the week. 1/ Net of $1,680 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $1,680 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. Government securities. 2/ Net of $2,031 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which $2,031 million was with foreign official and international accounts. Includes $133 million securities loaned--fully secured by U.S. Government securities. 3/ Includes reserves of Member Banks, Edge Act Corporations and U.S.A gencies and Branches of Foreign Banks. 4/ Adjusted to include $172 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. Estimated (Boston District). ** Estimated (Treasury's Figures). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4,l(a> CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (Tn millions of dollars) Wednesday Change since Jan. 23, Jan. 16, Jan. 24, A S S E TS 1980** 1980 1979 Gold certificate account 11,172 - 436 Special Drawing Rights certif. acct. * 1,800 -- + 500 Coin 441 + 14 + 136 Loans 1,116 - 624 + 34 Acceptances-- Bought outright Held under repurchase agreements 327 + 327 + 327 Federal Agency obligations—Bought outright 8,216 — + 330 Held under repurchase agreements 1/ 907 + 907 + 907 U.S. Government securities: Bought outright—Bills 45,903 +2,176 + 7,499 Notes 56,494 — + 1,639 Bond s N 14,553 — + 2,088 Total bought outright 2/ 116,950 +2,176 +11,226 Held under repurchase agreements \J 1,660 +1,660 + 1,660 Total U.S. Government securities 118,610 +3,836 +12,886 Total loans and securities 129,176 +4,446 +14,484 Cash items in process of collection (2, 55) 12,758 -1,696 - 4,363 Bank premises 411 + 2 + 16 Other assets Jty 4,968 + 80 + 969 TOTAL ASSETS <2' 55) 160,726 +2,846 +11*306 L I A B I L I T I ES Federal Reserve notes 109,681 -1,164 + 9,851 Deposits: Reserve accounts: 34,538 +5,021 + 646 Member Banks 293 - 125 - 76 Edge Act Corporations 34 + 6 + 34 U.S. Agencies & Branches of Foreign Banks 34,865 +4,902 + 604 Total 3,309 - 159 - 123 U.S. Treasury--general account 242 8 - 49 Foreign 357 + 50 - 127 Other 38,773 +4,785 + 305 Total deposits 6,927 -1,134 + 401 Deferred availability cash items (2,455) Other liabilities and accrued dividends ft/ 2,353 + 144 + 478 TOTAL LIABILITIES (2,455) 157,734 +2,631 +11 ,035 C A P I T AL A C C O U N TS Capital paid in 1,152 + 2 + 67 Surplus 1,145 -- + 67 Other capital accounts 695 + 213 + 137 * Figures in parentheses are the eliminations made in the consolidating process. ** Estimated (Boston District). 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 $2,031 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $133 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 23, 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 LLooaannss AAcccceepptt securities obligations aanncceess Holdings Weekly HHoollddiinnggss [[WWeeeekkllyy changes [[cchhaannggeess Within 15 days 1,096 327 6,226 +1,870 986 + 944 1 16 days to 90 days 20 -- 23,399 +1,875 546 - 33 91 days to 1 year — -- 35,599 + 91 1,277 - 15 Over 1 year to 5 years — — 27,864 4,238 + 2 Over 5 years to 10 years — — 12,774 1,356 + 31 j Over 10 years -- 1122,,774488 — 772200 -- 2222 11 Total 1,116 332277 111188,,661100 +3,836 99,,112233 ++ 990077 11 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 23, 1980 New Phila- T Cleve- " Rich- St. Minne- Kansas San Total Boston * York delphla 1 . lanci 1 mond Atlanta Chicago Louis apolis City Dallas Francisco (In millions of dollars) 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 441 30 24 22 45 48 46 35 34 16 50 30 61 Loans 1,116 38 66 149 52 177 119 141 104 49 57 139 25 Acceptances: Bought outright — .. — "- -~ -- -- "~ -- -- -- -- -- Held under repurchase agreements 327 -- 327 -- -- -- -- -- — -- — — — 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/ 907 -- 907 -~ -- -- -- -- — — -- -- — U.S. Government securities: Bought outright— Bills 45,903 2,220 11,314 2,195 3,687 3,760 1,902 7,285 1,953 1,020 2,027 2,501 6,039 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/ 116,950 5,656 28,826 5,592 9,395 9,579 4,846 18,559 4,976 2,600 5,163 6,372 15,386 Held under repurchase agreements 1/ 1,660 — 1,660 -- -- — -- -- -- -- -- — -- Total U.S. Government securities 118,610 5,656 30,486 5,592 9,395 9,579, 4,846 18,559 4,976 2,600 5,163 6,372 15,386 Total loans and securities 129,176 6,091 33,811 6,134 10,107 10,429 5,305 20,004 5,429 2,832 5,583 6,959 16,492 Cash items in process of collection 15,213 531 2,475 625 852 2,469 1,785 1,640 820 770 1,375 1,041 830 Bank premises 411 103 14 54 23 84 32 16 13 29 20 12 11 Other assets 3/ 4,968 185 1,308 219 384 323 320 687 177 128 211 267 759 Interdistrict settlement account -0- - 188 + 477 -1,295 + 368 - 311 - 777 - 380 - 716 - 522 + 253 +1,205 +1,886 TOTAL 163,181 7,837 41,470 6,774 12,574 14,496 7,300 23,893 6,310 3,516 8,040 10,051 20,920 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 $2,031 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $133 million securities loaned--fully secured by U.S. Government securities. 3/ Includes assets denominated in foreing currencies, revalued monthly at market exchange rates. * Estimated (Boston District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JANUARY 23 , 1980 H.4.1(c) * Phila St. Minne Kansas San Total Boston New York delphia Clev eland Richmond Atlanta Chicago Louis apolis City Dallas Franciscc (In millions of dollars) L I A B I L I T I ES Federal Reserve notes 109,681 5,573 29,491 5,238 8,819 9,958 3,026 18,127 4,622 1,867 4,864 5,731 12,365 Deposits: Reserve Accounts J7 34,865 1,398 8,828 904 2,653 1,655 2,223 3,983 850 835 1,582 3,032 6,922 U.S. Treasury—general account 3,309 293 264 163 200 287 554 216 140 124 299 319 450 Foreign 242 9 18 12 25 15 23 44 9 9 13 18 47 Other 357 1 319 1 20 1 5 1 3 2 1 3 Total Deposits 38,773 1,701 9,429 1,079 2,879 1,977 2,801 4,248 1,000 971 1,896 3,370 7,422 Deferred availability cash items 9,382 373 962 242 477 2,227 1,150 764 509 544 1,065 674 395 Other liabilities and accrued dividends 2/ 2,353 91 839 90 152 158 122 307 80 47 87 102 278 TOTAL LIABILITIES 160,189 7,738 40,721 6,649 12,327 14,320 7,099 23,446 6,211 3,429 7,912 9,877 20,460 CAPITAL ACCOUNTS Capital paid in 1,152 33 291 45 96 61 87 168 35 36 49 68 183 Surplus 1,145 33 290 45 95 58 87 168 35 36 49 67 182 Other capital accounts 695 33 168 35 56 57 27 111 29 15 30 39 95 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 163,181 7,837 41,470 6,774 12,574 14,496 7,300 23,893 6,310 3,516 8,040 10,051 20,920 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 125,601 6,426 32,598 6,231 9,597 11,018 5,243 19,577 5,264 2,526 5,874 6,688 14,559 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 793 32 28 100 49 170 39 111 87 26 42 84 25 U.S. Gov't, and Agency Securities 111,836 5,309 29,209 5,116 8,753 9,394 4,615 17,575 4,624 2,237 5,284 6,067 13,653 Total collateral 125,601 6,426 32,598 6,231 9,597 11,018 5,243 19,577 5,264 2,526 5,874 6,688 14,559 2/ 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 (Boston District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis