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 March 7, 1980 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, March 5, Feb . 27, 1 March 7, March 5, and related items 1980 1980 1979 1980 Reserve Bank credit: (In millions of dollars) U.S. Government securities- f 2/ Bought outright—System account 114,487 + 1,245 +10,893 113,442 Held under repurchase agreements 414 + 414 + 112 . Federal Agency obligations— Bought outright 8,216 .. + 732 8,216 Held under repurchase agreements 53 + 53 + 39 -- Acceptances-- Bought outright Held under repurchase agreements 129 + 129 + 36 i • Loans— Total member bank borrowing 2,508 + 451 + 1,481 2,179 Includes seasonal borrowing of: 114 + 5 + 6 109 Other borrowing Float 4,603 «.3 ,104 - 3,254 6,198 Other F.R. assets 4,496 + 173 - 1,612 4,482 Total Reserve Bank credit 134,907 - 638 + 8,428 134,517 Gold Stock 11,172 — - 372 11,172 Special Drawing Rights certif. acct. 2,968 — + 1,668 2,968 Treasury currency outstanding 13,083 + 7 + 1.070 13,106 162,130 - 631 +10,795 161,763 Currency in circulation 121,609 + 76 +10,273 122,313 Treasury cash holdings 490 - 13 + 148 490 Treasury deposits with F.R. Banks 2,658 - 1,024 - 1,149 3,769 Foreign deposits with F.R. Banks 360 + 83 + 90 232 Other deposits with F.R. Banks 356 + 7 - 567 298 Other F.R. liabilities and capital 4,710 + 146 + 486 4,556 130,184 - 724 + 9,282 131,658 Member bank reserves: With Federal Reserve Banks 3/ 31,946 + 93 + 1,512 30,105 Currency and coin 10,878 + 158 + 1,060 1 10,878 Total reserves held 4/ 43,037 + 250 + 2,643 41,196 Required reserves 42,481 - 534 + 2,291 42,481 Excess reserves 4/ 556 + 784 + 352 • - 1,285 Note: A net of $89 million of deficit reserves were eligible to be carried foward from the week ended February 27, into the week ending March 5. On March 5, 1980,marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $77,964 million, a decrease of $2,283 million for the week. 1/ Net of $2,290 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $2,076 million was with foreign official and international accounts. Includes securites loaned--fully secured by U.S. Government securities. 2/ Net of $3,336 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which $1,833 million was with foreign official and international accounts. Includes $231 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 $213 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 OP CONDITION OF ALL FEDERAL RESERVE BANKS (in millions of dollars) Wednesday Change since March 5, Feb. 27, March 7, A S S E TS 1980 1980 1979 Gold certificate account 11,172 — - 372 Special Drawing Rights certif. acct. * 2,968 — + 1,668 Coin 449 7 + 97 Loans 2,179 -2,139 + 137 Acceptances-- Bought outright Held under repurchase agreements Federal Agency obligations—Bought outright 8,216 752 Held under repurchase agreements 1/ U.S. Government securities: Bought outright—Bills 42,395 +1,141 +13,856 Notes 56,411 + 1,749 Bonds 14.636 + 1,279 Total bought outright 2/ 113,442 +1,141 +16,884 Held under repurchase agreements 1/ Total U.S. Government securities 113,442 +1,141 +16,884 Total loans and securities 123,837 - 998 +17,773 Cash items in process of collection (2,332) 13,446 +2,332 - 1,258 Bank premises 411 + 16 Other assets ty 4,071 + 49 - 1,563 TOTAL ASSETS (2,332) 156.354 +1.376 +16.361 It I A B?/I LI T ! IS Federal Reserve notes 110,146 + 531 + 9,515 Deposits: Reserve accounts: Member Banks 29,839 + 710 + 4,594 Edge Act Corporations 224 - Ill 94 TT.S. Agencies & Branches of Foreign Banks 42 + 14 + 42 Total 30,105 + 613 + 4,542 U.S. Treasury--general account 3,769 - 709 + 1,257 • Foreign--official accounts 232 - 13 44 Other 298 - 32 - 267 Total deposits 34,404 -" 141 + 5,488 Deferred availability cash items (2,332) 7,248 + 868 + 924 Other liabilities and. accrued dividends kl 2,011 + 63 + 237 TOTAL LIABILITIES (2,332) 153,809 +1,321 +16,164 C A P I T AL A C C O U N TS Capital paid in 1,158 + 69 Surplus 1,145 + 67 Other capital accounts 242 52 + 61 * Figures in parentheses are the eliminations made 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 $3,336 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $231 million securities loaned— fully secured by U.S. Government securities. 2/ 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, MARCH 5, 1980 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturityo f the agreements.) U.S. Government Federal Agency Loans Accept securities obligations ances Holdings Weekly Holdings Weekly changes changes Within 15 days 2,128 3,692 -1,149 80 -108 16 days to 90 days 51 24,449 +1,097 341 + 73 91 days to 1 year 31,539 +1,191 1,515 + 35 Over 1 year to 5 years 28,888 + 2 4,242 — Over 5 years to 10 years 11,860 — 1,318 — Over 10 years 13,014 — 772200 — Total 2,179 113,442 +1,141 88,,221166 — 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 MARCH 5, 1980 New Fhila- Cleve- Rich St. Minne Kansas " - San Total Boston York delohia . land mond Atlanta Chicago Louis apolis CitY Dallas Francisco (In millions of dollars) A S S E TS Geld certificate account 11,172 992 3,142 879 546 1,193 385 1,591 474 231 618 451 670 Special Drawing Rights certif. acct. 2,9*8 151 784 143 236 270 93 485 124 50 131 156 345 Coin 449 31 25 20 46 49 45 36 33 15 49 28 72 Loans 2,179 230 228 28 60 384 276 324 106 82 50 132 279 Acceptances: Beught 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 V U.S. Government securities: Bought outright— Bills 42,395 2,051 10,450 2,027 3,405 3,473 1,756 6,728 1,803 943 1,872 2,310 5,577 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 outrigjht %l 113,442 5,487 27,962 5,424 9,113 9,291 4,700 18,003 4,827 2,522 5,008 6,181 14,924 Held under repurchase agreements 1/ Total U.S. Government securities 113.442 5.487 27.962 5,424 9,113 9,291 4,700 18,003 4,827 2,522 5,008 6.181 14,924 Total loans and securities 123,837 6,114 30,215 5,845 9,833 10,348 5,316 19,631 5,282 2,787 5,421 6,761 16,284 Cash items in process of collection 15,778 591 2,595 501 1,180 2,570 2.049 1,758 739 751 1,407 1,051 579 Bank premises 411 104 15 54 23 83 32. 16 13 28 20 12 11 Other 33sets 3/ 4,071 145 1,040 184 305 256 279 558 134 106 168 224 672 Interdistrict settlement account -0- ! - 758 +4.516 -1,092 - 323 - 540 -1,282 - 698 - 456 - 583 + 157 -*- 739 + 320 TOTAL 158,686 7,370 42,332 6,534 11,846 14,229 6,917 23,377 6,343 3,392 7,971 9,422 18,953 ! 17 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 $3,336 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $231 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 MARCH 5, 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 ! 110,146 5,704 29,891 5,219 8,852 10,073 3,073 18,278 4,666 1,695 4,899 5,800 11,996 Deposits: Reserve Accounts 1/ 30,105 1,001 8,840 702 1,814 1,305 1,923 3,221 905 867 1,523 2,469 5,535 US, Treasury—general account 3,769 169 1,134 118 257 237 185 479 145 155 241 268 381 Foreign - official accounts 232 7 49 10 20 12 19 36 7 8 11 14 39 Other 298 249 1 27 6 3 1 3 2 2 4 Total deposits 34,404 1,177 10,272 830 2,092 1,581 2,133 3,739 1,058 1,033 1,777 2,753 5,959 Deferred availability cash items 9,580 314 1,043 291 540 2,277 . 1,404 671 458 540 1,101 612 329 Other liabilities and accrued dividends 2/ 2,011 95 479 97 156 159 121 313 82 45 86 106 272 TOTAL LIABILITIES 156,141 7,290 41,685 6,437 11,640 14,090 6,731 23,001 6,264 3,313 7,863 9,271 18,556 CAPITAL ACCOUNTS Capital paid in 1,158 33 295 44 94 61 88 169 35 37 49 69 184 Surplus 1,145 33 290 45 95 58 87 168 35 36 49 67 182 Other capital accounts 242 14 62 8 17 20 11 39 9 6 10 15 31 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 158,686 7,370 42,332 6,534 11,846 14,229 6,917 23,377 6,343 3,392 7,971 9,422 18,953 FEDERAL RESERVE AGENTS1 ACCOUNTS F.R. notes outstanding 127,195 6,613 33,476 6,413 9,634 10,946 5,151 19,969 5,292 2,523 6,015 6,709 14,454 Collateral for F.R. notes: t 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 Eligible paper 1,039 88 186 8 59 217 105 74 60 62 32 96 52 U.S. Gov't, and Agency Securit iieess 112,016 5,382 29,364 5,383 8,793 9,266 4,568 17,819 4,634 2,180 5.234 6,006 13,387 Total collateral 127,195 6,613 33,476 6,413 9,634 10,946 5,151 19,969 5,292 2,523 6,015 6,709 14,454 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. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis