H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and ?f§Lis§F'' Condition Statement of F.R. Banks H.4.1 For immediate release February 8, 1980 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Feb. 6, Jan. 30, Feb. 7, Feb. 6, and related items 1980 * 1980 1979 1980 * Reserve Bank credit: (In millions of dollars) U.S. Government securities-- 1/ 2/ Bought outright—System account 115,570 - 74 +10,693 . 111,849 Held under repurchase agreements - 684 - 671 Federal Agency obligations-- Bought outright 8,216 729 8,216 Held under repurchase agreements - 241 91 Acceptances— Bought outright Held under repurchase agreements 143 170 Loans— Total member bank borrowing 759 -1, 062 58 343 Includes seasonal borrowing of: 73 - 14 29 43 Other borrowing Float 5,074 +1, 487 901 5,910 Other F.R. assets 5,366 - 43 213 5,365 Total Reserve Bank credit 134,984 762 + 9,316 131,683 Gold Stock 11,172 — - 406 11,172 Special Drawing Rights certif. acct. 2,968 + 167 + 1,668 2,968 Treasury currency outstanding 13,017 + 19 + 1,106 13,035 162,142 - 576 +11,685 158,858 Currency in circulation ** 121,078 + 78 +10,514 121,656 Treasury cash holdings ** 458 + 5 + 169 450 Treasury deposits with F.R. Banks 2,976 - 63 - 691 3,733 Foreign deposits with F.R. Banks 322 + 9 + 35 362 Other deposits with F.R. Banks 367 + 54 - 444 275 Other F.R. liabilities and capital 5,073 - 284 + 920 4,573 130,274 - 201 +10,505 131,049 Reserves: With Federal Reserve Banks 3/ 31,868 - 374 +1,180 27,809 Currency and coin 11,831 - 420 + 1.147 11,831 Total reserves held 4/ 43,914 - 751 + 2,397 39,855 Required reserves 43,358 -1, 028 + 2,120 43,358 Excess reserves 4/ 556 + 277 + 277 - 3,503 NOTE: A net of $146 million of surplus reserves were eligible to be carried forward from the week ended January 30, into the week ending February 6. On February 6, 1980, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $80,707 million, a decrease of $92 million for the week. 1/ Net of $3,011 million, daily average, matched sale-purchase transactions outstand ing during the latest statement week, of which $2,083 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. Government securities. 2/ Net of $6,733 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which $1,949 million was with foreign official and international accounts. Includes $158 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 $215 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. Estimated (Richmond 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 Feb. 6, Jan. 30, Feb. 7, A S S E TS 1980 ** 1980 1979 Cold certificate account 11,172 - 378 Special Drawing Rights certif. acct. * 2,968 + 1,668 Coin < 469 7 + 145 Loans 343 581 - 169 Acceptances-- Bought outright - 434 Held under repurchase agreements 8,216 + 729 Federal Agency obligations—Bought outright 146 Held under repurchase agreements 1/ U.S. Government securities:. 40,802 - 629 + 3,800 . Bought outright—Bills 56,494 " + 1,639 Notes 14,553 + 2,088 Bonds Total bought outright 2/ 111,849 629 + 7,527 Held under repurchase agreements 1/ 701 Total U.S. Government securities 111,849 - 629 + 6,826 Total loans and securities 120,408 -1,210 + 6,806 Cash items in process of collection (5,204) 13,741 +2,836 - 1,307 412 + 2 + 18 Bank premises 4,953 - 223 - 392 Other assets 2/ 154,123 +1,412 + 6,560 TOTAL ASSETS (3,204) L I A B I L I T I ES Federal Reserve notes 109,540 + 445 + 9,775 Deposits: Reserve accounts: 27,433 - 431 - 6,980 Member Banks 358 + 3 + 134 Edge Act Corporations TT.S. Agencies & Branches of Foreign Bannkkss 18 - 32 + 18 27,809 - 460 - 6,828 Total 3,733 + 682 + 1,514 U.S. Treasury--general account 362 + 113 + 129 Foreign--official accounts (3,000) 275 + 14 - 188 Other Total deposits (3,000) 32,179 + 349 - 5,373 (2,204) 7,831 +1 ,394 + 1,678 Deferred availability cash items 2,028 - 119 + 298 Other liabilities and accrued dividends kl TOTAL LIABILITIES (5,204) 151,578 +2 ,069 + 6,378 C A P I T AL A C C O U N T S, Capital paid in 1,149 . 4 + 64 Surplus 1,145 — + 67 Other capital accounts 251 - 653 + 51 * Figures in parentheses are the eliminations made in the consolidating process. Estimated (Richmond 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 $6,733 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $158 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. FEBURARY 6, 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 5,488 +1,091 -79 16 days to 90 days 43 17,841 -2,495 594 +48 91 days to 1 year 35,113 + 754 1,308 +31 Over 1 year to 5 years 27,885 + 21 4,238 Over 5 years to 10 years 12,774 — 1,356 Over 10 years 12,748 — 720 Total 343 111,849 629 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 FEBRUARY 6, 1980 New Phila Cleve- Rich St. I Minne- Kansas San Total ! Boston York delphia land mond* Atlanta Chicago Louis f apolis Citv Dallas Francisco (In millions of dollars) A S S E TS Gold certificate account 11,172 992 2,902 924 646 1,193 525 1,591 474 231 573 451 670 Special Drawing Rights certif. acct. 2,968 151 784 143 236 270 93 485 124 50 131 156 345 Coin 469 32 27 23 47 51 51 38 33 16 50 31 70 Loans 343 21 15 10 9 25 62 78 5 43 41 14 20 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 40,802 1,974 10,057 1,951 3,278 3,341 1,691 6,476 1,736 906 1,801 2,223 5,368 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/ 111,849 5,410 27,569 5,348 8,986 9,160 4,635 17,750 4,759 2,486 4,937 6,094 14,715 Held under repurchase agreements 1/ Total U.S. Government securities 111,849 5,410 27,569 5,348 8,986 9,160 4,635 17,750 4.759 2,486 4,937 6,094 14,715 Total loans and securities 120,408 5,828 29,609 5,751 9,655 9,858 5,037 19,132 5,113 2,712 5,341 6,556 15,816 Cash items in process of collection 18,945 671 4,204 647 919 1,370 2,889 2,440 754 1,050 1,295 1,305 1,401 Bank premises 412 104 15 54 23 83 32 16 13 29 20 12 11 Other assets 3/ 4,953 184 1,286 232 377 340 301 700 171 142 231 265 724 Interdistrict settlement account -0- - 993 + 742 -1,076 - 524 4-5,607 -1,920 - 900 - 273 -1.017 + 8 + 620 - 274 TOTAL 159,327 6,969 39,569 6,698 11,379 18,772 7,008 23,502 6,409 3,213 7,649 9,396 18,763 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 $6,733 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes$158 million securities loaned—fully secured by U.S. Government securities. 3V Includes assets denominated In foreign currencies, revalued monthly at market exchange rates. * Estimated (Richmond District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON February 6, 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 109,540 5,583 29,620 5,243 8,834 9,958 2,936 18,187 ' 4,640 1,779 4,889 5,707 12,164 Deposits: Reserve Accour-f <• V/ 27,809 747 6,972 801 1,569 1,628 2,047 3,432 899 823 1,316 2,473 5,102 U.S. Treasury—general account 3,733 195 439 165 100 468 442 532 246 121 255 289 481 Foreign -- official accounts 362 7 177 10 20 13 19 36 7 8 11 15 39 Other 3,275 243 3,018 1 3 1 2 3 1 3 Total deposits 35,179 949 7,831 976 1,689 5,127 2,509 4,003 1,153 954 1,585 2,778 5,625 Deferred availability cash items 10,035 271 942 294 476 3,331 1,278 654 460 360 987 666 316 Other liabilities and accrued dividends 2/ 2,028 92 549 88 175 159 102 292 79 43 82 100 267 TOTAL LIABILITIES 156,782 6,895 38,942 6,601 11,174 18,575 6,825 23,136 6,332 3,136 7,543 9,251 18,372 CAPITAL ACCOUNTS Capital paid in 1,149 33 291 43 94 61 88 168 34 37 49 68 183 Surplus 1,145 33 290 45 95 58 87 168 35 36 49 67 182 Other capital accounts 251 8 46 9 16 78 8 30 8 4 8 10 26 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 159,327 6,969 39,569 6,698 11,379 18,772 7,008 23,502 6,409 3,213 7,649 9,396 18,763 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 126,093 6,505 32,876 6,278 9,597 10,943 5,103 19,717 5,282 2,530 6,021 6,718 14,523 Collateral for F.R. notes: Gold certificate account 11,172 992 2,902 924 646 1,193 525 1,591 474 231 573 451 670 Special Drawing Rights certif. acct. 2,968 151 784 143 236 270 93 485 124 50 131 156 345 Eligible paper 241 18 6 10 8 20 23 57 5 40 32 12 10 U.S. Gov't, and Agency Securities 111,712 5,344 29,184 5,201 8,707 9,460 4,462 17.384 4.679 2,209 5,285 6,099 13,498 Total collateral 126,093 6,505 32,876 6,278 9,597 10,943 5,103 19,717 5,282 2,530 6,021 6,718 14,523 1/ Includes reserves of Member Banks, Edge Act Corporations and U.S. Agencies and Branches of Foreign Banks. 2/ Includes exchange Lranslation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. * Estimated (Richmond District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis