H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and ••^ra^- Condition Statement of F.R. Banks H.4.1 For immediate release March 14, 1980 Averages of dally figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, March 12, March 5, March 14, March 12, and related items 1980 1980 1979 1980 Reserve Bank credit: (In millions of dollars) U.S. Government securities-- 1/ 2/ Bought outright--System account 113,925 - 562 +10,783 110,378 Held under repurchase agreements 295 - 119 - 674 Federal Agency obiigations-- Bought outright 8,214 2 750 8,211 Held under repurchase agreements 75 + 22 144 Acceptances-— Bought outright Held under repurchase agreements 13 116 248 Loans— Total member bank borrowing 3,439 + 931 + 2,557 3,08© Includes seasonal borrowing of: 139 + 25 + 30 147 Other borrowing Float 4,513 _ 44 - 1,328 4,306 Other F.R. assets 4,506 + 10 - 1,627 4,656 Total Reserve Bank credit 134,979 + 118 4-10,068 130,631 Gold Stock 11,172 -- - 368 11,172 Special Drawing Rights certif. acct. 2,968 — + 1,668 2968 r Treasury currency outstanding 13,108 + 25 + 1,083 13,118 162,227 + 143 +12,451 157,889 Currency in circulation 122,444 + 862 4-10,474 123,098 Treasury cash holdings 525 + 7 + 168 525 Treasury deposits with F.R. Banks 2,940 + 282 + 223 1,976 Foreign deposits with F.R. Banks 328 - 32 + 36 291 Other deposits with F.R. Banks 385 + 29 - 332 468 Other F.R. liabilities and capital 4,839 + 129 + 530 4,521 131,462 +1 ,278 +11,101 130,879 Reserves: With Federal Reserve Banks 30,765 -1, 135 + 1,350 27,009 Currency and coin 11,446 + 568 + 1,052 11,446 Total reserves held 42,440 - 551 + 2,490 38,684 Required reserves 42,367 - 114 + 2,518 42,367 Excess reserves 4/ 73 - 437 28 -3,683 NOTE: A net of $226 million of surplus reserves were eligible to be carried forward from the week ended March 5, into the week ending March 12. On March 12, 1980, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter national accounts were $76,106 million, a decrease of $1,858 million for the week. V Net of $2,881 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $1,617 million was with foreign official and international accounts. Includes se curities loaned—fully secured by U.S. Government securities. 2/ Net of $6,594 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which $1,794 million was with foreign official and international accounts. Includes $169 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 Banka. 4/ Adjusted to include $229 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) CONSOLIDATCO STAT£t4£NT OF CONCH ION OF ALL f£G£RAL RESERVE BANKS (In millions of dollars) Wednesday Change since March 12, MarcrT~5, March 14, A S S E TS 1980 1980 1979 Gold certificate account 11,172 — 360 Special Drawing Rights certif. acct. * 2,968 -- + 1,668 Coin 440 9 + 72 Loans 3,080 901 + 1,642 Acceptances-- Bought outright Held under repurchase agreements _„ 757 Federal Agency obligations—Bought outright 8,211 5 + 747 Held under repurchase agreements 1/ — 890 U.S. Government securities: Bought outright—Bills 39,331 064 + 3,547 Notes 56,411 — + 1,749 Bonds 14,636 — + 1,279 Total bought outright 7J 110,378 3,064 + 6,575 Held under repurchase agreements 1/ - 2,689 Total U.S. Government securities 110,378 3,064 + 3,886 Total loans and securities 21,669 - 2,168 + 4,628 Cash items in process of collection (2,197) 11,048 - 2,398 - 5,032 428 + 17 + 33 Bank premises 4,228 + 157 - 1,582 Other assets \j (2,197) 151,953 4,401 573 TOTAL ASSETS L I A B I L I I I E S Federal Reserve notes 110,946 800 +9,988 Deposits: Reserve accounts: Member Banks 26,625 -3,214 - 9,463 Edge Act Corporations 321 + 97 + 16 U.S. Agencies & Branches of Foreign Banks 63 + 21 + 63 Total 27,009 -3,096 -9,384 U.S. Treasury--general account 1,976 -1,793 - 1,342 Foreign--official accounts 291 + 59 + 29 Other 468 + 170 + 27 Total deposits 29,744 -4,660 -10,670 Deferred availability cash items (2, ) 6,742 - 506 + 70 Other liabilities and accrued dividends fjj 2,012 + 1 + ' 65 TOTAL LIABILITIES (2, ) 149,444 -4,365 - 547 C A P I T AL A C C O U N TS Capital paid in 1,161 + 3 + 52 Surplus 1,145 ... + 67 Other capital accounts 203 - 39 145 * Figures in parentheses are the eliminations made in the consolidating process. •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 $6,594 million matched sale-purchase transactions outstanding at the ~" end of the latest statement week. Includes $169 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. MARCH 12, 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 channsg_ees Within 15 days 2,996 3,665 + T7T -U- 8 16 days to 90 days 84 21,221 -3,228 443 +102 91 days to 1 year 31,532 7 1,467 - 48 Over 1 year to 5 years 28,888 4,348 +106 Over 5 years to 10 years 11,860 1,233 - 85 Over 10 years 13,014 720 Total 3,080 110,378 -3,064 8,211 -~~5 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 12, 1980 New Phila- Cleve- Rich- St. Minne- Kansas San Total Boston York delnhla land 1 mond Atlanta Chicago Louis apolis City Dallas Francisco (In millions of dollars) A S S E TS Gold certificate account 11,172 992 3,412 829 546 1,193 345 1,491 474 201 618 401 670 Special Drawing Rights certif. acet. 2,968 151 784 143 236 270 93 „ 485 124 50 131 156 345 Coin 440 31 24 20 44 49 43 34 33 14 49 27 72 Loans 3,080 158 412 148 45 444 366 525 142 82 167 543 48 Acceptances: Bought outright -- -- ~ -- — — -- -- — '-- __ -- — Held under repurchase agreements -- -- -- — — — -- -- -- -" -- -- — Federal Agency obligations— Bought outright 8,211 397 2,024 393 660 673 340 1,303 349 183 362 447 1,080 Held under repurchase agreements _/ -- -- ~ — — -- -- — -- -- -- — — U.S. Government securities: Bought outright— Bills 39,331 1,902 9,695 1,881 3,159 3,222 1,629 6,242 1,673 875 1,736 2,143 5,174 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/ 110,378 5,338 27,207 5,278 8,867 9,040 4,573 17,517 4,697 2 ,454 4,872 6,014 14,521 Held under repurchase agreements _/ — — — -- — — — — -- — — -- — Total U.S. Government securities 110,378 5,338 27,207 5,278 8,867 9,040 4,573 17,517 4,697 2 ,454 4,872 6,014 14,521 Total loans and securities 121,669 5,893 29,643 5,819 9,572 10,157 5,279 19,345 5,188 2 ,719 5,401 7,004 15,649 Cash items in process of collection 13,245 450 1,700 448 729 2,235 1,757 1,546 604 861 1,185 778 952 Bank premises 428 104 15 54 23 83 32 16 13 27 20 12 29 Other assets 3/ 4,228 155 1,090 198 318 269 275 594 142 112 188 230 657 Interdistrict settlement account -0- - 798 +2,985 - 777 + 75 1 -1,071 + 38 - 245 - 666 + 362 + 759 - 661 TOTAL 154,150 6,978 39,653 6,734 11,543 14,255 6,753 23,549 6,333 3 ,318 7,954 9,367 17,713 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 $6,594 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $169 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 12, 1980 11.4.1(c) Phila St. Minne Kansas San Total Boston New York delphia Cleveland Richmond Atlanta Chicago Louis apolis City Dallas Frincisco (In millions of dollars) L I A B I L I T I ES Federal Reserve notes 110,946 5,747 30,142 5,278 8,930 10,177 3,101 18,395 4,707 1,719 4,933 5,844 11,973 Deposits: Reserve Accounts \J 27,009 675 6,760 843 1,716 1,523 1,912 3,551 912 834 1,525 2,476 4,282 U.S. Treasury—general account 1,976 96 156 154 87 176 147 222 120 88 196 144 390 Foreign --official accounts 291 7 109 10 20 12 19 36 7 8 10 14 39 Other 468 1 426 26 1 3 2 3 2 2 2 Total deposits 29,744 779 7,451 1,007 1,823 1,737 2,079 3,812 1,041 933 1,733 2,636 4,713 Deferred availability cash items 8,939 285 920 245 438 2,049 1,280 677 428 544 1,086 636 351 Other liabilities and accrued dividends 2/ 2,012 92 502 108 149 155 107 296 79 44 94 102 284 TOTAL LIABILITIES 151,641 6,903 39,015 6,638 11,340 14,118 6,567 23,180 6,255 3,240 7,846 9,218 17,321 CAPITAL ACCOUNTS Capital paid in 1,161 33 295 44 94 61 89 169 35 37 50 70 184 Surplus 1,145 33 290 45 95 58 87 168 35 36 49 67 182 Other capital accounts i 203 9 53 7 14 18 10 32 8 5 9 12 26 TOTAL LIABILITIES AND , CAPITAL ACCOUNTS ! 154,150 6,978 39,653 6,734 11,543 14,255 6,753 23,549 6,333 3,318 7,954 9,367 17,713 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 127,413 6,619 33,722 6,399 9,661 10,960 5,073 20,052 5,309 2,515 5,996 6,678 14,429 Collateral for F.R. notes: Gold certificate account 11,172 992 3,412 829 546 1,193 345 1,491 474 201 618 401 670 Special Drawing Rights certif. acct. 2,968 151 784 143 236 270 93 485 124 50 131 156 345 Eligible paper 1,907 79 297 139 44 338 193 259 45 68 104 295 46 U.S. Government and Agency securities 111,366 5,397 29,229 5,288 8,835 9,159 4,442 17,817 4,666 2,196 5,143 5,826 13,368 Total collateral 127,413 6,619 33,722 6,399 9,661 10,960 5,073 20,052 5,309 2,515 5,996 6,678 14,429 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