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 22, 1980 Averages of dally figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Feb. 20, Feb. 13, 1 Feb 21, Feb. 20, t and related items 1980 1980 1 1979 [ 1980 Reserve Bank credit: (In millions of dollars) U.S. Government securities-- 1/ 1/ Bought outright--System account 116,383 +1,952 +13,999 116,182 Held under repurchase agreements 541 + 398 + 541 2,234 Federal Agency obligations-- Bought outright 8,216 .. + 729 8,216 Held under repurchase agreements 252 + 165 + 252 708 Acceptances- Bought outright Held under repurchase agreements 207 + 167 + 207 825 Loans-* Total member bank borrowing 2,194 + 958 + 1,256 1 1,101 Includes seasonal borrowing of: 100 + 9 23 90 Other borrowing Float 5,536 + 567 - 6,507 7,084 Other F.R. assets 4,390 - 938 + 30 4,356 Total Reserve Bank credit 137,720 +3,270 +10,507 140,706 Gold Stock 11,172 • - - 372 11,172 Special Drawing Rights certif. acct. 2,968 — + 1,668 2,968 Treasury currency outstanding 13,066 + 30 + 1,097 13,066 164,926 +3,299 +12,900 167,912 Currency in circulation * 121,969 + 250 +10,816 122,179 Treasury cash holdings * 475 + 5 + 163 475 Treasury deposits with F.R. Banks 3,369 - 358 - 165 2,461 Foreign deposits with F.R. Banks 335 28 + 49 294 Other deposits with F.R. Banks 291 + 5 - 588 332 Other F.R. liabilities and capital 4,756 + 115 + 309* 1 4,771 131,196 - 10 +10,584 ! 130,512 Reserves: With Federal Reserve Banks 3/ 33,732 +3,311 + 2,318 | 37,401 Currency and coin 10,283 -1,441 + 962 10,283 Total reserves held 4/ 44,232 +1,872 + 3,354 47,901 Required reserves 43,402 + 871 + 2,881 43,402 Excess reserves 4/ 830 +1,001 + 473 4,499 NOTE: A net of $27 Billion of deficit reserves were eligible to be carried forward from the week ended February 13, into the week ending February 20. On February 20, 1980, marketable U.S. Government securities held in ' custody by the Federal Reserve Banks for foreign official and international accounts were $81,260 million, an increase of $1,253 million for the week. 1/ m^£J?'°2!! m,ilU°"» flly avera*e> matched sale-Purchase transactions outstanding during the latest statement week, of which $2,020 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. 2/ Net of $2,150 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which $2,150 million was with foreign official and international accounts. Includes $198 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 $217 million waivers of penalties of reserve deficiencies in accordance with Board policy effective November 19, 1975. * 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. 20, Feb. 13, Feb. 21, A S S E TS 1980 1980 1979 Gold certificate account 11,172 — - 372 Special Drawing Rights certif. acct. 2,968 — + 1,668 Coin 464 - 8 + 124 Loans 1,101 -2, 223 + 82 Acceptances-- Bought outright Held under repurchase agreements 825 + 544 + 825 Federal Agency obligations—Bought outright 8,216 — + 729 Held under repurchase agreements 1/ 708 + 101 + 708 U.S. Government securities: Bought outright—Bills 45,135 «. 478 +17,321 Notes 56,411 - 83 + 1,749 Bonds 14,636 + 83 + 1,279 Total bought outright V 116,182 +20,349 Held under repurchase agreements U 2,234 + 2,234 Total U.S. Government securities 118,416 +22,583 Total loans and securities 129,266 +24,927 Cash items in process of collection (2,920) 16,342 - 5,136 Bank premises 411 + 17 Other assets jty 3,945 - 171 TOTAL ASSETS (2,920) 164,568 +21,057 L I A B I L I T I ES Federal Reserve notes 110,051 57 + 9,918 Deposits: Reserve accounts: Member Banks 37,032 +1,014 +11,278 344 - 130 + 143 Edge Act Corporations 25 - 20 + 25 n.S. Agencies & Branches of Foreign Banks 37,401 + 864 +11 ,446 Total 2,461 - 934 - 724 U.S. Treasury—general account . Foreign--official accounts 294 - 49 -. 21 Other 332 + 51 - 219 Total deposits 40,488 - 68 +10, 482 Deferred availability cash items (2,920) 9,258 +3 ,353 + 642 Other liabilities and accrued dividends hi 2,231 + 43 + 145 TOTAL LIABILITIES (2,920) 162,028 +3,271 +21,187 C A P I TA L ACCOUNTS Capital paid in 1,152 + 64 Surplus 1,145 + 67 Other capital accounts 243 41 - 261 * Figures in parentheses are the eliminations rmde in the consolidating process. Does not include U.S. Government and Federal Agency securities resold under 1/ 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 $2,150 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $198 million securities loaned— fully secured by U.S. Government securities. 1/ Includes assets denominated in foreign currencies. Beginning December 29, 1978, such assets are revalued monthly at market exchange rate's. 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 20, 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 Holdings Weekly changes changes WWiitthhiinn 1155 ddaayyss 1,083 882255 77,,003333 ++ 447711 "" 996655 +209 1166 ddaayyss ttoo 9900 ddaayyss 18 2266,,337744 ++33,,887788 333377 -108 9911 ddaayyss ttoo 11 yyeeaarr 3311,,224499 --33,,994455 11,,330088 OOvveerr 11 yyeeaarr ttoo 55 yyeeaarrss 2288,,888866 ++11,,000011 44,,223388 OOvveerr 55 yyeeaarrss ttoo 1100 yyeeaarrss 1111,,886600 -- 991144 11,,335566 OOvveerr 1100 yyeeaarrss 1133,,001144 ++ 226666 772200 TToottaall 1,101 882255 111188,,441166 ++ 775577 88,,992244 +101 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 20, 1980 New Fhila- Cleve Rich St. Minne Kansas San Total Boston York , delohia land mond Atlanta Chicago Louis apolis Cltv 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 464 31 26 22 46 51 48 38 34 16 50 29 73 Loans 1,101 127 58 26 53 38 174 235 56 44 c 86 136 68 Acceptances: Bought outright Held under repurchase agreements 825 825 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/ 708 708 U.S. Government securities: Bought outright— Bills 45,135 2,183 11,125 2,158 3,626 3,697 1,870 7,163 1,920 1,004 1,992 2,459 5,938 Certificates Notes 56,411 2,728 13,904 2,697 4,532 4,620 2,338 8,952 2,401 1,254 2,490 3,074 7,421 Bonds 14,636 708 3,608 700 1,176 1,198 606 2,323 623 325 646 797 1.926 TToottaall bboouugghhtt oouuttrriigghhtt UU 116,182 5,619 28,637 5,555 9,334 9,515 4,814 18,438 4,944 2,583 5,128 6,330 15,285 HHeelldd uunnddeerr rreeppuurrcchhaassee aaggrreeeemmeennttss 11// 2,234 2,234 TToottaall UU SS GGoovveerrnnmmeenntt sseeccuurriittiieess 118,416 5,619 30,871 5.555 9,334 9,515 4,814 18,438 4,944 2,583 5,128 6,330 15,285 Total loans and securities 129,266 6,143 34,487 5,974 10,047 10,226 5,328 19,977 5,349 2,810 5,577 6,914 16,434 Cash items in process of collection 19,262 620 3,117 523 1,416 3,225 2,244 2,333 782 802 1,703 1,390 1,107 Bank premises 411 104 15 54 23 83 32 16 13 28 20 12 11 Other assets 2/ 3,945 134 1,023 209 294 241 289 535 125 104 185 208 598 Interdistrict settlement account -0- - 591 +2.391 -1,363 - 539 - 208 - 804 - 916 - 344 - 704 + 315 + 424 +2,339 TOTAL 167,488 7,584 44,745 6,486 12,169 15,081 7,755 24,059 6,557 3,337 8,554 9,584 21,577 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 $2,150 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $198 million securities loaned—fully secured by U.S. Government securities. 3/ Includes assets denominated In foreign currencies, revalued monthly at market exchange rates. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON February 20, 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 110,051 5,656 29,828 5,198 8,821 10,000 3,276 18,192 4,638 1,703 4,918 5,763 12,058 Deposits: Reserve Accounts JL/ 37,401 1,218 11,523 607 2,137 1,722 2,454 3,690 1,043 752 1,672 2,565 8,018 U.S. Treasury~-general account 2,461 141 268 131 120 244 226 371 167 119 225 175 274 Foreign 294 7 109 10 20 13 19 36 7 8 11 15 39 Other 332 1 285 — 1 17 -- 11 2 7 3 2 3 Total deposits 40,488 1,367 12,185 748 2,278 1,996 2,699 4,108 1,219 886 1,911 2,757 8,334 Deferred availability cash items 12,178 393 1,318 347 714 2,791 1,483 1,088 542 626 1,535 814 527 Other liabilities and accrued dividends 2/ 2.231 771 95 150 154 104 298 79 43 82 101 262 TOTAL LIABILITIES 164,948 7,508 44,102 6,388 11,963 I4,Q41 7,562 23,686 6,478 3,258 8,446 9,435 21,181 CAPITAL ACCOUNTS Capital paid in 1,152 33 291 43 94 61 88 168 35 69 184 Surplus 1,145 33 290 45 95 58 87 168 35 6 49 67 182 Other capital accounts 243 10 62 10 17 21 18 37 9 6 10 13 30 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 167,488 7,584 44,745 6,486 12,169 15,081 7,755 24,059 6,557 3,337 8,554 9,584 21,577 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding ! 126,673 6,607 33,088 6,363 9,582 10,966 5,290 19,738 5,284 2,532 6,030 6,725 14,468 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 638 48 38 25 52 22 54 136 31 40 59 79 54 U.S. Gov't, and Agency securities 111.895 5,416 29.364 5,271 8,648 9,481 4,618 17,526 4,655 2,211 5,267 6,039 13,399 Total collateral 126,673 6,607 33,088 6,363 9,582 10,966 5,290 19,738 5,284 2,532 6,030 6,725 14,468 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. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis