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 29, 1980 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Feb. 27, Feb. 20, Feb. 28, Feb. 27, and related items 1980 1980 1979 1980 Reserve Bank credit: (In millions of dollars) U.S. Government securities— 1/ 2/ Bought outright—System account 113,242 3,141 +12,144 112,301 Held under repurchase agreements 541 Federal Agency obligations— Bought outright 8,216 729 8,216 Held under repurchase agreements 252 Acceptances- Bought outright Held under repurchase agreements 207 Loans- Total member bank borrowing 2,057 - 137 + 974 4,318 Includes seasonal borrowing of: 109 + 9 14 142 Other borrowing Float 7,683 + 2,377 - 3,875 4,734 Other F.R. assets 4,323 - 67 340 4,433 Total Reserve Bank credit 135,521 -'1 ,969 + 9,632 134,002 Gold Stock 11,172 -- - 372 11,172 Special Drawing Rights certif. acct. 2,968 — + 1,668 2,968 Treasury currency outstanding 13,076 + 10 + 1,090 13,076 162,737 -1,959 +12,018 161,218 Currency in circulation 121,556 . 406 +10,499 121,755 Treasury cash holdings 480 - 2 + 153 480 Treasury deposits with F.R. Banks 3,682 + 313 + 22 4,478 Foreign deposits with F.R. Banks 277 - 58 + 8 245 Other deposits with F.R. Banks 349 + 58 - 491 330 Other F.R. liabilities and capital 4,564 - 192 - 157 4,438 130,908 - 288 +10,034 131,726 Reserves: - With Federal Reserve Banks 3/ 31,829 1,673 + 1,983 29,492 Currency and coin 10t720 + 437 + 983 10,720 Total reserves held 4/ 42,763 -1,239 + 3,037 40,426 Required reserves 43,015 - 387 + 3,378 43,015 Excess reserves 4/ 252 - 852 - 341 - 2,589 NOTE: A net of $302 million of surplus reserves were eligible to be carried forward from the week ended February 20, into the week ending February 27. On February 27, 1980, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $80,247 million, a decrease of $1,013 million for the week. 17 Net of $3,815 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $1,950 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. 2/ Net of $4,477 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which $1,906 million was with foreign official and international accounts. Includes $137 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 $214 million waivers of penalities for 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. 27, ' Feb. 20, Feb. 28, ASSETS 1980 1980 1979 Gold certificate account 11,172 — - 372 Special Drawing Rights certif. acct. 2,968 — + 1,668 Coin 456 8 + 112 Loans 4,318 +3,217 + 2,715 Acceptances-- Bought outright - 825 Held under repurchase agreements Federal Agency obligations—Bought outright 8,216 729 Held under repurchase agreements i./ 708 U.S. Government securities: Bought outright—Bills 41, 254 -3, 881 + 5 787 56,4 11 — + 1 749 Notes Bonds l*i,, 663366 — ++ 11,,2 79 Total bought outright %j 112,33 0011 -3 881 ++ 88 815 Held under repurchase agreements 1/ -- ,,223344 — Total U.S. Government securities 112,3 01 --66,, 111155 + 8 815 Total loans and securities 124 835 -4 431 +12 ,259 Cash items in process of collection (2,813) 11, 114 -5, 228 - 4, 115 Bank premises 411 _- + 16 Other assets 3/ 4 ,022 + 77 - 154 TOTAL ASSETS (2,813) 154, 978 ll ^590 + 9 ,414 L I A B I L I T I ES Federal Reserve notes 109,615 - 436 + 9,616 Deposits: Reserve accounts: Member Banks 29,129 -7,903 - 594 Edge Act Corporations 335 9 + 144 n.S. Agencies & Branches of Foreign Banks 28 + 3 + 28 Total 29,492 -7,909 - 422 U.S. Treasury--general account 4,478 +2,017 + 1,035 '. Foreign--official accounts 245 - 49 - 98 Other 330 2 - 258 Total deposits 34,545 -5,943 + 257 Deferred availability cash items (2,813) 6,380 -2,878 - 218 Other liabilities and accrued dividends 4/ 1,948 - 283 +_ 89 TOTAL LIABILITIES (2,813) 152,488 -9,540 + 9,744 C A P I T AL ACCOUNTS, Capital paid in 1,155 + 67 Surplus 1,145 + 67 Other capital accounts 190 53 464 * Figures in parentheses are the eliminations made in the consolidating process. XI 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 $4,477 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $137 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. hj 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 27, 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 4,242 4,841 -2,192 188 -777 16 days to 90 days 76 23,352 -3,022 268 - 69 91 days to 1 year 30,348 - 901 1,480 +172 Over 1 year to 5 years 28,886 -- 4,242 + 4 Over 5 years to 10 years 11,860 -- 1,318 - 38 Over 10 years 13,014 -- 720 -- Total 4,318 112,301 -6,115 8,216 -708 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 27, 1980 New Phila- Cleve- Rich- St. Minne- Kansas San Total Boston York delnhia land 1 mond Atlanta Chicago Louis apolis Citv Dallas Francisco (In millions of dollars) A S S E TS Gold certificate account 11,172 992 3,142 879 546 1,193 385 1,591 474 231 618 451 670 Special Drawing Rights certif. acct. 2,968 151 784 143 236 270 93 ; 485 124 50 131 156 345 Coin 456 32 25 21 46 50 46 36 33 16 49 29 73 Loans 4,318 474 1,429 156 329 429 367 290 80 80 91 221 372 Acceptances: Bought outright -- -- -- -- — -- -- — — — — .. — Re Id 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 41,254 1,995 10,169 1,973 3,314 3,379 1,709 6,547 1,755 917 1,821 2,248 5,427 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 Total bought outright 2/ 112,301 5,431 27,681 5,370 9,022 9,197 4,653 17,822 4,779 2 ,496 4,957 6,119 14,774 Held under repurchase agreements \j -- -- — -- -- -- -- -- -- -- -- -- — Total U.S. Government securities 112.301 5,431 27,681 5,370 9,022 9,197 4,653 17,822 4.779 2", 496 4,957 6,119 14,774 Total loans and securities 124,835 6,302 31,135 5,919 10,011 10,299 5,360 19,416 5,208 2 ,759 5,411 6,788 16,227 Cash items in process of collection 13,927 509 2,215 394 1,141 2,239 1,659 1,379 613 1 ,080 1,154 819 725 Bank premises 411 104 15 54 23 83 32 16 13 28 20 12 , 11 Other assets 3/ 4,022 144 1,023 183 320 247 280 547 133 106 170 215 654 Interdistrict settlement account -0-j - 852 +1,270 -1,007 - 851 - 258 - 689 + 922 - 286 - 790 + 511 -H.352 + 678 TOTAL 157,791 7,382 39,609 6,586 11,472 14,123 7,166 24,392 6,312 3 ,480 8,064 9,822 19,383 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 $4,477 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $137 million securities loaned—fully secured by U.S. Government securities. 2/ 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 27, 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 109,615 5,676 29,751 5,160 8,804 9,997 3,138 18,174 4,631 1,699 4,862 5,750 11,973 Deposits: Reserve Account* 1/ 29,492 1,054 6,405 812 1,565 1,413 2,167 4,063 858 890 1,719 2,849 5,697 U.S. Treasury—general account 4,478 187 982 187 278 373 353 447 197 170 251 325 728 Foreign-official accounts 245 7 59 10 21 13 19 36 7 8 11 15 39 Other 330 1 301 1 10 1 5 1 2 2 3 3 Total deposits 34,545 1,249 7,747 1,009 1,865 1,809 2,540 4,551 1,063 1,070 1,983 3,192 6,467 Deferred availability cash items 9,193 291 982 222 456 2,031 1,186 1,011 465 591 1,033 634 291 Other liabilities e^d accrued dividends 2/ 1,948 91 497 100 144 148 125 288 76 42 80 98 259 TOTAL LIABILITIES 155,301 7,307 38,977 6,491 11,269 13,985 6,989 24,024 6,235 3,402 7,958 9,674 18,990 CAPITAL ACCOUNTS Capital paid in 1,155 33 294 94 61 88 168 34 37 49 69 184 Surplus 1,145 33 290 45 95 58 87 168 35 36 49 67 182 Other capital accounts 190 1 9 £8 6 14 19 2 32 8 5 8 12 27 TOTAL LIABILITIES AND j CAPITAL ACCOUNTS 157,791 7,382 39,609 6,586 11,472 14,12? 7,166 24,392 6,312 3,480 8,064 9,822 19,383 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 127,049 6,636 33,319 6,394 9,613 10,936 5,218 19,895 5,273 2,527 6,016 6,723 14,499 Collateral for F.R. notes: Gold certificate account ,172 [ 992 3,142 879 546 1,193 385 1,591 474 231 618 451 670 Special Drawing Rights certif. acct. ,968 j 151 784 143 236 270 93 485 124 50 131 156 345 Eligible paper ,576 256 39 58 330 258 125 108 48 46 71 107 130 4 U.S. Govt. & Agency securities 111,333 I 5,237 29,354 5,314 8,501 9,215 ,615 17,711 4,627 2,200 5,196 6,009 13,354 Total collateral 127,049 j 6,636 33,319 6,394 9,613 10,936 5,218 19,895 5,273 2,527 6,016 6,723 14,499 l_/ 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