H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and •^snz^ Condition Statement of F.R. Banks H.4.1 For immediate release March 21, 1980 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, March 19, March 12, March 21, March 19, and related items 1980 1980 1979 1980 Reserve Bank credit: (In millions of dollars) U.S. Government securities-- 1/ 2/ Bought outright—System account 115,653 +1,728 +10,748 . 111,808 Held under repurchase agreements - 295 - 1,136 Federal Agency obligations-- Bought outright 8,211 3 + 747 8,211 Held under repurchase agreements - 75 392 Acceptances-- Bought outright Held under repurchase agreements — 13 260 — Loans-- Total member bank borrowing 3,001 - 438 + 1,977 2,859 Includes seasonal borrowing of: 155 + 16 + 32 153 Other borrowing Float 5,662 +1,083 + 207 4,738 Other F.R. assets 4,699 + 193 - 1,708 4,890 Total Reserve Bank credit 137,227 +2,182 +10,184 132,506 Gold Stock 11,172 — 334 11,172 Special Drawing Rights certif. acct. 2,968 — + 1,668 2,968 Treasury currency outstanding 13,127 + 19 + 1,065 13,146 164,494 +2,201 +12,583 159,792 Currency in circulation 122,785 + 341 +10,897 .122,948 Treasury cash holdings 531 + 6 + 169 530 Treasury deposits with F.R. Banks 2,514 - 426 - 359 3,827 Foreign deposits with F.R. Banks 346 + 18 + 67 284 Other deposits with F.R. Banks 535 + 150 - 317 492 Other F.R. liabilities and capital 4,840 + 1 + 400 4,646 131,550 + 88 +10,856 132,727 Reserves: With Federal Reserve Banks V 32,943 +2,112 + 1,726 27,065 Currency and coin 10,348 -1,098 + 1,215 1 10,348 Total reserves held 4/ 43,518 +1,012 + 3,027 37,640 Required reserves 43,307 + 940 + 2,962 43,307 Excess reserves 4/ 211 + 72 + 65 - 5,667 Note: A net of $55 million of surplus reserves were eligible to be carried forward from the week ended March 12, into the week ending March 19. On March 19, 1980, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $76,155 million, an increase of $49 million for the week. 1/ Net of $2,764 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $1,631 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. Government securities. y Net of $6,609 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which $1,597 million was with foreign official and international accounts. Includes $261 million securities loaned--fully secured by U.S. Government securities. y Includes reserves of Member Banks, Edge Act Corporations and U.S. Agencies and Branches of Foreign Banks. 4/ Adjusted to include $227 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 OP ALL FEDERAL RESERVE BANKS (In nil 11 ions of dollars) Wednesday Change since March 19, March 12, March 21, A S S E TS 1980 — 12&0 1979 Gold certificate account 11,172 — 309 Special Drawing Rights certif. acct. * 2,968 — + 1,668 Coin 431 9 + 62 Loans 2,859 221 + 1,020 Acceptances-- Bought outright Held under repurchase agreements Federal Agency obligations—Bought outright 8,211 747 Held under repurchase agreements V U.S. Government securities: Bought outright—Bills 40,276 + 945 +11^153 Notes 56,814 + 403 + 2,152 Bonds 14,718 +_ 82 + 1,361 Total bought outright 2J 111,808 + 1,430 +14,666 Held under repurchase agreements 1/ Total U.S. Government securities 111,808 +14,666 Total loans and securities 122,878 + 1,209 +16,433 Cash items in process of collection (2,621) 11,643 + 595 - 1,674 Bank premises 430 + 2 + 33 Other assets j/ 4,460 + 232 1,652 TOTAL ASSETS (2,621) 153,982 + 2,029 +14,561 L I A B I L I T I ES Federal Reserve notes 110,763 183 +10,076 Deposits: Reserve accounts: Member Banks 26,610 - 15 + 1,904 Edge Act Corporations 370 + 49 + 109 U.S. Agencies & Branches of Foreign Banks 85 + 22 + 85 Total' 27,065 + 56 + 2,098 U.S. Treasury--general account 3,827 + 1,851 + 1,721 . Foreign 284 - 7 + 59 Other 492 + 24 + 76 Total deposits 31,668 + 1,924 + 3,954 Deferred availability cash items (2,621) 6,905 + 163 + 189 Other liabilities and accrued dividends ^/ 2,112 + 100 + 511 TOTAL LIABILITIES (2,621) 151,448 + 2,004 +14,730 C A P I T AL A C C O U N TS _ Capital paid in 1,159 2 + 50 Surplus 1,145 — + 67 Other capital accounts 230 + 27 286 * 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 $6,609 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $261 million securities loaned— fully secured by U.S. Government securities. 3J Includes assets denominated in foreign currencies. Beginning December 29, 1978, such assets are revalued monthly at market exchange rates. k/ 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 19, 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 2,535 5,844 +1,981 101 + 101 16 days to 90 days 324 19,441 -1,780 342 -101 91 days to 1 year 32,317 + 785 1,467 — Over 1 year to 5 years 29,144 + 256 4,348 -- Over 5 years to 10 years 11,967 + 107 1,233 -_ Over 10 years 13,095 + 81 720 """ Total 2,859 111,808 +1,430 8,211 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 19, 1980 New Phila Cleve- Rich- St. Minne- Kansas San Total 1 Boston York delphia 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• acct. 2,968 151 784 143 236 270 93 485 124 50 131 156 345 Coin 431 31 22 18 45 48 41 33 33 15 48 25 72 Loans 2,859 264 778 92 133 265 273 292 96 118 160 168 220 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 J7 — — — — — — ~ — — — — — — U.S. Government securities: Bought outright— Bills 40,276 1,948 9,927 1,925 3,236 3,299 1,669 6,392 1,714 895 1,778 2,194 5,299 Certificates — i — — — — — — — — — — — Note 8 56,814 2,748 14,004 2,717 4,564 4,653 2,354 9,016 2,417 1,263 2,508 3,096 7,474 Bonds 14,718 712 3,628 704 1,182 1,205 610 2,336 626 327 650 802 1,936 Total bought outright 2/ 111,808 ] 5,408 27,559 5,346 8,982 9,157 4,633 17,744 4,757 2,485 4,936 6,092 14,709 Held under repurchase agreements JL/ — — — — — -- — — — -- — — — Total U.S. Government securities 111,808 5,408 27,559 5,346 8,982 9,157 4,633 17,744 4,757 2,485 4,936 6,092 14,709 Total loans and securities 122,878 6,069 30,361 5,831 9,775 10,095 5,246 19,339 5,202 2,786 5,458 6,707 16,009 Cash items in process of collection 14,264 i 490 1,974 487 932 2,664 1,727 1,570 650 947 1,180 836 807 Bank premises 430 104 15 54 23 84 32 16 13 28 20 12 29 Other assets 3/ 4,460 163 1,151 213 330 276 284 613 148 126 187 259 710 Interdistrict settlement account -0- - 942 +2,588 -1,114 - 503 - 38 - 678 4- 295 - 285 - 992 + 456 +1,205 + 8 TOTAL 156,603J 7,058 40,307 6,461 11,384 14,592 7,090 23,842 6,359 3,161 8,098 9,601 18,650 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 $6,609 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $261 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 19, L980 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 110,763 5,749 30,114 5,213 8,784 10,154 3,235 18,314 4,674 1,723 4,962 5,906 11,935 Deposits: Reserve Accounts 1/ 27,065 614 6,134 573 1,406 1,442 2,066 3,896 879 665 1,671 2,505 5,214 U.S. Treasury—general account 3,827 210 1,164 180 315 209 224 236 187 137 228 278 459 Foreign--official accounts 284 7 102 10 20 12 19 36 7 8 10 14 39 Other 492 1 447 1 26 13 2 2 3 2 4 Total deposits 31,668 832 7,847 763 1,742 1,689 2,310 4,171 1,075 812 1,912 2,799 5,716 Deferred availability cash items 9,526 303 1,166 279 494 2,446 1,245 661 447 500 1,024 638 323 Other liabilities and accrued dividends 2/ 2,112 97 536 109 159 163 113 324 84 47 91 108 281 TOTAL LIABILITIES 154,069 6,981 39,663 6,364 11,179 14,452 6,903 23,470 6,280 3,082 7,989 9,451 18,255 CAPITAL ACCOUNTS Capital paid in 1,159 33 295 43 94 61 89 169 34 37 50 70 184 Surplus 1,145 33 290 45 95 58 87 168 35 36 49 67 182 Other capital accounts 230 11 59 9 16 21 11 35 10 6 10 13 29 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 156,603 7,058 40,307 6,461 11,384 14,592 7,090 23,842 6,359 3,161 8,098 9,601 18,650 FEDERAL RESERVE AGENTS1 ACCOUNTS F.R. notes outstanding 127,793 6,599 33,822 6,373 9,588 11,077 5,313 19,998 5,304 2,505 6,045 6,772 14,397 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 2,031 250 580 92 131 234 142 120 66 69 136 135 76 U.S. Gov't.and Agency securities 111.622 5,206 29,046 5,309 8,675 9,380 4,733 17,902 4,640 2,185 5,160 6,080 13,306 Total collateral 127,793 6,599 33,822 6,373 9,588 11,077 5,313 19,998 5,304 2,505 6,045 6,772 14,397 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. 1 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis