H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release February 15, 1980 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Feb. 13, Feb. 6, 1 Feb. 14, Feb. 13, and related items 19SQ* 1980 1 1979 1980* Reserve Bank credit: (In millions of dollars) U.S. Government securities-- 1/ 2/ Bought outright—System account 114,431 -1, 139 +10,442 116,660 Held under repurchase agreements 143 + 143 176 999 Federal Agency obligations-- Bought outright 8,216 -- + 729 8,216 Held under repurchase agreements 87 + 87 + 14 607 Acceptances-- Bought outright Held under repurchase agreements 40 + 40 141 281 Loans-- Total member bank borrowing 1,236 + 477 + 182 3,324 Includes seasonal borrowing of: 91 + 18 19 86 Other borrowing Float 4,968 - 94 - 1,465 5,194 Other F.R. assets 5,331 - 31 - 174 5,471 Total Reserve Bank credit 134,452 - 516 + 9,411 140,752 Gold Stock 11,172 -- 372 11,172 Special Drawing Rights certif. acct. 2,968 — + 1,668 2,968 Treasury currency outstanding 13,036 + 19 + 1,105 13,044 161,629 - 497 +11,813 167,936 Currency in circulation ** 121,719 + 647 +10,700 122,210 Treasury cash holdings ** 470 + 5 + 174 470 Treasury deposits with F.R. Banks 3,727 + 751 + 582 3,395 Foreign deposits with F.R. Banks 363 + 41 + 102 343 Other deposits with F.R. Banks 286 - 81 - 652 281 Other F.R. liabilities and capital 4,643 - 413 + 479 4,700 131,208 + 950 +11,384 131,399 Reserves: With Federal Reserve Banks 3/ 30,421 -1, 447 + 428 36,537 Currency and coin 11,724 - 107 + 1,170 11,724 Total reserves held 4/ 42,360 -1, 554 + 1,669 48,476 Required reserves 42,531 - 827 + 1,951 42,531 Excess reserves 4/ 171 - 727 282 5,945 NOTE: A net of $259 million of surplus reserves were eligible to be carried forward from the week ended February 6, into the week ending February 13. On February 13, 1980, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $80,007 million, a decrease of $700 million for the week. 1/ Net of $3,863 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $1,863 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. 2/ Net of $1,771 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which $1,771 million was with foreign official and international accounts. Includes $130 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 of reserve deficiencies in accordance with Board policy effective November 19, 1975. Estimated (Cleveland 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. 13, Feb 6, Feb. 14, A S S E TS 1980 ** 1980 1979 Gold certificate account 11,172 -- - 372 Special Drawing Rights certif. acct. * 2,968 -- + 1,668 Coin 472 + 3 + 136 Loans 3,324 +2 981 + 2,195 Acceptances-- Bought outright _ Held under repurchase agreements 281 + 281 427 Federal Agency obligations—Bought outright 8,216 -. + 729 Held under repurchase agreements 1/ 607 + 607 + 243 U.S. Government securities: Bought outright—Bills 45,613 +4 ,811 + 7,990 Notes 56,494 -- + 1,102 Bonds 14,553 -- + 2,028 Total bought outright V 116,660 +4,811 +11,120 1/ 999 + 999 - 245 Held under repurchase agreements 117,659 +5,810 +10,875 Total U.S. Government securities 130,087 +9,679 +13,615 Total loans and securities (2,092) 11,181 -1,139 - 7,526 Cash items in process of collection 411 1 + 16 Bank premises Other assets V 5^,060 + 121 ±_JH TOTAL ASSETS (2,092) 161,351 +8,663 + 7,604 L I A B I L I T I ES Federal Reserve notes 110,108 + 561 +10,037 Deposits: Reserve accounts: Member Banks 36,018 +8 ,566 -2,150 Edge Act Corporations 474 + 116 + 153 H.S. Agencies & Branches of Foreign Banks 45 + 27 + 45 Total 36,537 +8 ,709 -1,952 U.S. Treasury--general account 3,395 - 338 + 119 343 - 19 + 31 Foreign--official accounts 281 + 6 - 300 Other 40,556 +8 ,358 + 2,102 Total deposits Deferred availability cash items (2,092) 5,987 - 444 - 947 Other liabilities and accrued dividends **! 2,193 + 165 + 634 TOTAL LIABILITIES (2;,092) 158,844 +8 ,640 + 7,622 C A P I TA L A C C O U N TS Capital paid in 1,152 + 3 + 65 Surplus 1,145 — + 67 Other capital accounts 210 + 20 - 150 Figures in parentheses are the eliminations made in the consolidating process. Estimated (Cleveland 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 $1,771 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $130 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. FEBRUARY 13. 1980 (Acceptances and securities held under repurchase agreements are classified as -t 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 3,277 281 6,562 +1 074 756 +756 16 days to 90 days 47 22,496 +4 655 445 -149 91 days to I year 35,194 + 81 1,308 __ Over 1 year to 5 years 27,885 -- 4,238 -- Over 5 years to 10 years 12,774 -- 1,356 -- Over 10 years 12,748 -- 720 -- Total 3,324 281 117,659 +5,810 8,823 +607 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 13, 1980 New Phila Cleve Rich St. Minne Kansas 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 1,193 525 1,591 474 231 573 451 670 Special Drawing Rights certif. acct. 2,968 151 784 143 236 270 93 485 124 50 131 156 345 472 32 27 22 48 51 51 38 34 16 51 30 72 Coin Loans 3,324 268 638 79 273 144 88 856 69 104 103 107 595 Acceptances; Bought outright 281 281 Held under repurchase agreements Federal Agency obligations~ Bought outright 8,216 397 2,02 5 393 660 673 340 1,304 349 183 363 448 1,081 Held under repurchase agreements 1/ 607 607 U.S. Government securities: Bought outright-- Bills 45,613 2,206 11,243 2,181 3,664 3,736 1,890 7,239 1,941 1,013 2,014 2,485 6,001 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 UU 116,660 5,642 28,755 5,578 9,372 9,555 4,834 18,513 4,964 2,593 5,150 6,356 15,348 HHeelldd uunnddeerr rreeppuurrcchhaassee aaggrreeeemmeennttss \\JJ 999 999 TToottaall UU..SS.. GGoovveerrnnmmeenntt sseeccuurriittiieess 117,659 5,642 29,754 5,578 9,372 9,555 4,834 18,513 4,964 2,593 5,150 6,356 15,348 Total loans and securities 130,087 6,307 33,305 6,050 10,305 10,372 5,262 20,673 5,382 2,880 5,616 6,911 17,024 Cash items in process of collection 13,273 380 1,904 630 902 2,223 1,766 1,483 547 719 1,119 693 907 Bank premises 411 104 15 54 23 83 32 16 13 28 20 12 11 Other assets V 5,060 189 1,336 237 400 330 319 707 174 128 232 266 742 -0- - 538 +2,497 - 975 - 45 + 59 -1,000 + 225 - 132 - 568 + 363 +1,116 -1,002 TOTAL 163,443 7,617 42,770 7,085 12,515 14,581 7,048 25,218 6,616 3,484 8,105 9,635 18,769 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 $1,771 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $130 million securities loaned--fully secured by U.S. Government securities. 3/ Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. * Estimated (Cleveland District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON February 13, 1980 H.4.1(c) Phila St. Minne Kansas San Total Boston New York delphia Cleveland Richmond Atlanta Chicago Louis apolis City Dall (Francisco (In millions of dollars) L I A B I L I T I ES Federal Reserve notes 110,108 5,623 29,908 5,272 8,888 9,981 2,978 18,293 4,654 1,774 4,889 5,707 12,141 Deposits: Reserve Accounts 1/ 36,53/ 1,339 10,447 984 2,603 1,821 2,250 5,330 1,102 842 1,751 2,814 5,254 U.S. Treasury—general account 3,395 188 337 170 135 540 284 335 277 149 292 296 392 Foreign 343 7 157 10 21 13 19 36 7 8 11 15 39 Other 281 -- 246 1 1 18 1 4 1 2 2 1 4 Total deposits 40,556 1,534 11,187 1,165 2,760 2,392 2,554 5,705 1,387 1,001 2,056 3,126 5,689 Deferred availability cashh iitteemmss 8,079 292 356 454 500 1,918 1,204 548 417 588 970 554 278' Other liabilities and acerr uueedd dividends 22// 2,193 93 687 99 155 152 128 304 80 43 83 102 267 TOTAL LIABILITIES 160,936 7,542 42,138 6,990 12,303 14,443 6,864 24,850 6,538 3,406 7,998 9,489 18,375 CAPITAL ACCOUNTS Capital paid in 1,152 33 292 43 94 61 88 168 35 37 49 68 184 Surplus 1,145 33 290 45 95 58 87 168 35 36 49 67 182 OOtthheerr ccaappiittaall aaccccoouunnttss 210 9 50 7 23 19 9 32 8 5 9 11 28 TTOOTTAALL LLIIAABBIILLIITTIIEESS AANNDD CCAAPPIITTAALL AACCCCOOUUNNTTSS 163,443 7,617 42,770 7,085 12,515 14,581 7,048 15,218 6,616 3,484 8,105 9,635 18,769 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 126,474 6,579 33,073 6,372 9,610 10,920 5,023 19,791 5,306 2,533 6,031 6,693 14,543 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 1,598 251 475 79 273 24 38 259 34 42 75 4 44 U.S. Gov't, and Agency Securities 110,736 5,185 28,912 5,226 8,455 9,433 4,367 17,456 4,674 2,210 5,252 6,082 13,484 Total collateral 126,474 6,579 33,073 6,372 9,610 10,920 5,023 19,791 5,306 2,533 6,031 6,693 14,543 1/ Includes reserves of Member Bankg, 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 (Cleveland District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis