H.4.1 Factors Affecting Reserve Balances of Depository Institutions

•&g^& FEDERAL RESERVE Factors Affecting Bank Reserves and -.f«z[K&: Condition Statement of F.R. Banks H.4.1 For immediate release January 31,1]^8K) ._ Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Jan. 30, Jan. 23, Jan. 31, Jan. 30, and related items 1980 * 1980 1979 1980* Reserve Bank credit: (In millions of dollars) U.S. Government securities-- 1/ 2/ Bought outright—System account 115,644 -1,679 +13,015 112,478 Held under repurchase agreements 684 312 -I 684 Federal Agency obligations-- Bought outright 8,216 384 8,216 Held under repurchase agreements 241 24 241 Acceptances-- Bought outright Held under repurchase agreements 143 82 143 Loans-- Total member bank borrowing 1,821 + 624 + 393 924 Includes seasonal borrowing of: 87 4 9 25 72 Other borrowing Float 3,683 -1, 644 - 5,796 4,468 Other F.R. assets 5,409 + 52 4^ 110 5,586 Total Reserve Bank credit 135,842 -2, 276 + 9,176 131,072 Gold Stock 11,172 - 431 11,172 Special Drawing Rights certif. acct. 2,801 +1 ,001 + 1,501 2,968 Treasury currency outstanding 12,998 4- 9 4- 1,110 13,006 162,814 -1, 265 4-11,356 158,818 Currency in circulation 121,004 -1, 056 4-10,455 121,189 Treasury cash holdings 450 + 6 4- 186 450 Treasury deposits with F.R. Banks 3,039 - 34 - 438 3,051 Foreign deposits with F.R. Banks 313 - 7 4- 57 249 Other deposits with F.R. Banks 313 - 33 476 261 Other F.R. liabilities and capital 5,357 4- 191 4- 699 5,349 130,475 - 934 4-10,482 130,549 Member bank reserves: With Federal Reserve Banks 3/ 32,338 - 333 4- 873 28,269 Currency and coin 12,251 - 231 4- 1,250 12,251 Total reserves held 4/ 44,761 - 564 4- 2,154 40,692 Required reserves 44,386 - 696 4- 2,119 44,386 Excess reserves 4/ 375 -¥ 132 4- 35 - 3,694 NOTE: A net of $81 million of surplus reserves were eligible to be carried forward from the week ended January 23, into the week ending January 30. On January 30, 1980, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $80,799 million, an increase of $607 million for the week. If Net of $2,937 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $2,395 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. If Net of $6,104 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which $2,304 million was with foreign official and international accounts. Includes $109 million securities loaned—fully secured by U.S. Government securities. V Includes reserves of Member Banks, Edge Act Corporations and U.S. Agencies 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. Includes reserves of Member Banks, Edge Act Corporations and U.S. Agencies and Branches of Foreign Banks. * Estimated (Kansas City District). ** 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. 30, I Jan. 23, Jan. 31, A S S E TS 1980** I 1980 1323. Gold certificate account 11,172 420 Special Drawing Rights certif. acct. * 2,968 +1,168 + 1,668 Coin 462 + 21 + 146 Loans 924 - 192 - 3,442 Acceptances-- Bought outright Held under repurchase agreements - 327 Federal Agency obligations--Bought outright 8,216 709 Held under repurchase agreements 1/ - 907 U.S. Government securities: Bought outright—Bills 41,431 -4,472 + 7,472 Notes 56,494 + 1,639 Bonds 14,553 + 2,088 Total bought outright V 112,478 -4,472 +11,199 Held under repurchase agreements 1/ -1,660 Total U.S. Government securities 112,478 -6,132 +11,199 Total loans and securities 121,618 -7,558 + 8,466 Cash items in process of collection (2,099) 10,905 -1,791 - 1,898 Bank premises 410 1 + 15 Other assets 2/ 5,176 + 208 - 105 TOTAL ASSETS (2,099) 152,711 -7,953 L I A B I L I T I ES Federal Reserve notes 109,095 586 + 9,741 Deposits: Reserve accounts: Member Banks 27,864 -6,674 -2,067 Edge Act Corporations 355 + 62 + 4 U.S. Agencies & Branches of Foreign Banks 50 + 16 + 50 Total 28,269 -6,596 -2,013 U.S. Treasury--general account 3,051 - 258 - 471 Foreign 249 + 7 - 90 Other 261 - 96 - 262 Total deposits 31,830 -6,943 -2,836 Deferred availability cash items (2,099) 6,437 - 428 + 212 Other liabilities and accrued dividends bJ 2,147 - 206 + 462 TOTAL LIABILITIES (2,099) 149,509 -8,163 + 7,579 -CAPITAL ACCOUNTS Capital paid in 1,153 + 1 + 68 Surplus 1,145 -- + 67 Other capital accounts 904 + 209 + 158 * Figures in parentheses are the eliminations made in the consolidation process. ** Estimated (Kansas City 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 $6,104 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $109 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 30, 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 changes Within 15 days 873 4,397 -1,829 79 -907 16 days to 90 days 51 20,336 -3,063 546 91 days to 1 year 34,359 -1,240 1,277 Over 1 year to 5 years 27,864 -- 4,238 Over 5 years to 10 years 12,774 -- 1,356 Over 10 years 12,748 -- 720 Total 924 112,478 -6,132 8,216 -907 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 30, 1980 New Phila- Cleve- Rich- St. Minne- Kansas I San Total Boston York delphia land | 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. 2,968 151 784 143 236 270 93 485 124 50 131 156 345 Coin 462 31 26 23 47 49 50 37 34 16 51 30 68 Loans 924 111 41 37 32 45 140 134 36 51 55 98 144 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 41,431 2,004 10,212 1,981 3,328 3,393 1,717 6,575 1,763 921 1,829 2,257 5,451 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 V 112,478 5,440 27,724 5,378 9,036 9,212 4,661 17,849 4,786 2 ,501 4,965 6,128 14,798 Held under repurchase agreements 1/ — -- — -- -- -- — -- — — -- — -- Total U.S, Government securities 112,478 5,440 27,724 5,378 9,036 9,212 4,661 17,849 4,786 2 ,501 4,965 6,128 14,798 Total loans and securities 121,618 1 5,948 29,790 5,808 9,728 9,930 5,141 19,287 5,171 2 ,735 5,383 6,674 16,023 Cash items in process of collection 13,004 360 2,019 437 700 2,051 1,660 1,374 539 894 1,277 1,067 626 Bank premises 410 103 15 54 23 83 32 16 13 28 20 12 11 Other assets 3/ 5,176 188 1,345 232 391 361 323 717 175 135 221 274 814 Interdistrict settlement account -0- - 828 +1,465 - 930 - 235 - 41 - 879 + 61 - 122 - 685 + 462 + 600 +1,132 TOTAL 154,810 6,945 38,346 6,691 11,536 13,996 6,945 23,568 6,408 3 ,404 8,018 9,264 19,689 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 $6,104 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $109 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 District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON January 30, 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) L I A B I L I T I ES Federal Reserve notes 109 ,095 5,541 29,453 5,195 8,788 9,923 2,984 18,074 4,612 1,770 4,856 5,694 12,205 Deposits: Reserve Accounts \J 28,269 739 5,645 871 1,819 1,516 2,264 3,796 971 862 1,775 2,342 5,669 U.S. Treasury--general account 3,051 213 374 158 79 294 243 293 232 119 194 227 625 Foreign 249 9 25 12 25 15 23 44 9 9 13 18 47 Other 2/ 261 230 15 1 3 1 2 5 1 3 Total deposits 31,830 961 6,274 1,041 1,923 1,840 2,531 4,136 1,213 992 1,987 2,588 6,344 Deferred availability cash items 8,536 248 1,136 228 406 1,875 1,110 586 397 507 957 696 390 Other liabilities and accrued dividends 2,147 88 680 93 155 165 110 291 78 44 81 100 262 TOTAL LIABILITIES 151,608 6,838 37,543 6,557 11,272 13,803 6,735 23,087 6,300 3,313 7,881 9,078 19,201 CAPITAL ACCOUNTS Capital paid in 1,153 33 291 45 96 61 88 168 35 36 49 68 183 Surplus 1,145 33 290 45 95 58 87 168 35 36 49 67 182 Other capital accounts 904 41 222 44 73 74 35 145 38 19 39 51 123 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 154,810 6,945 38,346 6,691 11,536 13,996 6,945 23,568 6,408 3,404 8,018 9,264 19,689 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 125,698 6,451 32,677 6,205 9,580 10,972 5,182 19,607 5,262 2,524 5,923 6,737 14,578 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. 2,968 151 784 143 236 270 93 485 124 50 131 156 345 Eligible paper 583 103 33 37 31 28 43 103 17 47 49 77 15 U.S. Gov't, and Agency Securities 110,975 5,205 28,958 5,100 8,667 9,382 4,521 17,428 4,647 2,196 5,270 6,053 13,548 Total collateral 125,698 6,451 32,677 6,204 9,580 10,973 5,182 19,607 5,262 2,524 5,923 6,737 14,578 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 District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis