H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and '••f«4L RE*?! Condition Statement of F.R. Banks H.4.1 For immediate release March 28, 1980 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, March 26 March 19, March 28 , March 26, and related items 1980 1980 1979 1980 Reserve Bank credit: (In millions of dollars) U.S. Government securities-- 1/ Bought outright—System account 116,638 + 985 +10,659 117,830 Held under repurchase agreements 199 + 199 + 199 Federal Agency obligations-- Bought outright 8,211 + 747 8,211 Held under repurchase agreements 209 209 + 209 Acceptances-- Bought outright Held under repurchase agreements 36 + 36 + 36 Loans— Total member bank borrowing 2,660 - 341 + 1,578 4,651 Includes seasonal borrowing of: 177 + 22 + 43 169 Other borrowing Float 4,474 -1,200 - 550 3,382 Other F.R. assets 4 ,857 + 158 - 1,553 5,023 Total Reserve Bank credit 137, 285 + 46 +11,326 139,097 Gold Stock 11 172 309 11,172 Special Drawing Rights certif. acct. 2 968 + 1,668 2,968 Treasury currency outstanding 13 t 146 + 19 + 1,070 13,146 164,571 + 65 +13,755 166,383 Currency in circulation * 122,503 - 280 +10,756 122,874 Treasury cash holdings * 540 + 8 + 178 540 Treasury deposits with F.R. Banks 3,243 + 729 + 141 2,998 Foreign deposits with F.R. Banks 359 + 13 + 97 368 Other deposits with F.R. Banks 400 - 135 294 342 Other F.R. liabilities and capital 4,924 + 84 + 313 4,773 131,969 + 419 +11,191 131,895 Reserves: With Federal Reserve Banks 3/ 32,602 - 353 + 2,562 34,488 Currency and coin 10,261 - 87 + 501 10,261 Total reserves held y 43,088 - 442 + 3,147 44,974 Required reserves 42,941 - 366 + 3,083 42,941 Excess reserves 4/ 147 76 + 64 2,033 NOTE: A net of $82 million of surplus reserves were eligible to be carried forward from the week ended March 19, into the week ending March 26. Or; March 26, 1980, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $76,398 million, an increase of $243 million for the week. 1/ Net of $1,894 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $1,894 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. 2/ Net of $1,043 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which $1,043 million was with foreign official and international accounts. Includes $263 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 $225 million waivers of penalities »€ r reserve deficiencies in accordance with Board policy effective Nov*mb«* 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 March 26, March 19, March 28, A S S E TS 1980 1980 1979 Gold certificate account 11,172 — 309 Special Drawing Rights certif. acct. * 2,968 -. + 1,668 Coin 415 16 + 35 Loans 4,651 + 1,792 + 3,153 Acceptances-- Bought outright Held under repurchase agreements Federal Agency obligations--Bought outright 8,211 747 Held under repurchase agreements \J U.S. Government securities: Bought outright—Bills 45,947 + 5,671 + 9,261 Notes 57,164 + 350 + 2,502 Bonds 14,719 + 1 + 1,362 Total bought outright 2/ 117,830 + 6,022 +13,125 Held under repurchase agreements 1/ Total U.S. Government securities 117,830 + 6,022 +13,125 Total loans and securities 130,692 + 7,814 +17,025 Cash items in process of collection (2,251) 9,638 - 2,005 - 2,956 Bank premises 430 — + 34 Other assets \j 4,593 + 133 - 1,520 TOTAL ASSETS (2,251) 159,908 + 5,926 +13,977 LIABILITIES Federal Reserve notes 110,683 80 + 9,787 Deposits: Reserve accounts: Member Banks 34,108 + 7,498 + 3,977 Edge Act Corporations 299 71 11 U.S. Agencies & Branches of Foreign Banks 81 4 + 81 Total 34 ,488 + 7, 423 + 4,047 U.S. Treasury—general account 2 ,998 - 829 180 Foreign 368 + 84 + 97 Other 342 - 150 z_ 2 Total deposits 38 196 + 6 ,528 + 3,955 Deferred availability cash items (2,251) 6 ,256 - 649 + 237 Other liabilities and accrued dividends —' 2 224 + 112 + 322 TOTAL LIABILITIES (2,251) 157,359 + 5,911 +14,301 C A P I T AL A C C O U N TS Capital paid in 1,160 50 Surplus 1,145 67 Other capital accounts 244 14 441 Figures in parentheses are the eliminations made in the consolidating process. V Does not include U.S. Government and Federal Agency securities resold under matched sale-purchase transactions to foreign official and international accounts, of which $673 million was outstanding at the end of the latest statement week. 2/ Net of $1,043 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $263 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 26, 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 Holdings Weekly Holdings Weekly changes changes Within 15 days 4,620 5,960 + 116 164 +63 16 days to 90 days 31 25,588 +6,147 279 -63 91 days to 1 year 31,976 - 341 1,467 Over 1 year to 5 years 29,244 + 100 4,348 Over 5 years to 10 years 11,967 -- 1,233 Over 10 years 13,095 -- 720 Total 4,651 117,830 +6,022 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 26, 1980 New Phila Cleve- Rich- f "1 St. Minne- Kansas San Total Boston York delphia - land__ J mond Atlanta Chicago 1 Louis apolis —City— -H&U&S.Z £19£j££fi (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 34-5 Coin 415 31 18 17 43 47 39 30 32 15 4? 2.4 70 Loans 4,651 378 844 503 155 216 171 1,138 108 94 149 483 411 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 l.oer Held u*»der repurchase agreements 1/ ~ — -- ,- ... — „.. -- -,= „- .. U.S. Government securities: Bought outright— Bills 45,947 2,222 11,325 2,197 3,691 3,763 1,904 7,291 1,956 1,021 2,028 2,504 6,045 Certificates — — — — -- „„ — — — -- — — —, Notes 57,164 2,765 14,090 2,733 4,592 4,682 2,369 9,072 2,432 1,271 2,523 3,115 7,520 Bonds 14,719 712 3,628 704 1,183 1,205 610 ,2,336.. 626 327 650 301 1.937 Total bought outright 2/ 117,830 5,699 29,043 5,634 9,466 9,650 4,883 18,699 5,014 2,619 5,201 6,420 15,502 Held under repurchase agreements 1/ -- -.. „- — — „„ — -n. «,« — — — Total U.S. Government securities 117,830 5,699 29,043 5,634 9,466 9,650 4,883 18,699 3,014 2,619' 5', 201 " 6,420 15.502 "~~'~ Total loans and securities 130,692 6,474 31,911 6,530 10,281 10,539 5,394 21,140 5,471 2,896 5,712 7,350 16,994 Cash iteos in process of collection 11,889 432 1,629 527 630 2,227 1,406 1,170 535 771 1,127 856 57» Bank premises 430 103 16 54 23 84 32 16 13 28 20 17 29- Other assets 3_l 4,593 167 1,206 214 342 285 312 626 152 119 190 253 727 Interdistrict settlement account -0- - 796 +3,617 •1,704 - 459 - 267 - 509 + 76 - 328 ~ 511 4» 204 4- Q63 - 186 TOTAL 162,159 7,554 42,593 6,610 11,642 14,378 7,112 25,034 6,473 3,569 8,«\5l 9,913 19,228 1/ Does not include U.S. Government and Federal Agency securities resold under matched s^le-purchase transactions to foreign official and international accounts, of which $673 million was outstanding at the end of the latest statement week. 2/ Net of $1,043 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $263 million securities loaned—fully secured by U.S. Government securities. 3/ Includes assets denominated in foreign currencies. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MARCH 26, 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 110,683 5,760 30,239 5,209 8,776 10,101 3,057 18,376 4,664 1,726 4,957 5,898 11,920 T)( posits Reserve Accounts 1/ 34,488 1,154 8,831 762 1,884 1,681 2,413 5,091 1,078 1,073 1,756 2,902 5,863 U.S. Treasury—general account 2,998 163 846 172 176 222 191 194 158 140 144 172 420 Foreign 368 7 185 10 20 12 19 36 7 8 11 14 39 Other 342 1 307 1 19 1 2 2 5 1 1 2 Total deposits 38,196 1,325 10,169 944 2,(581 1,934 2,624 5,323 1,245 1,226 1,912 3,089 6,324 Deferred availability cash items 8,507 291 958 244 412 2,032 1,127 629 396 489 980 661 288 Other liabilities and accrued 2,224 101 578 115 167 170 117 333 88 49 93 114 299 dividends 2/ 159,610 7,477 41,944 6,512 11,436 14,237 6,925 24,661 6,393 3,490 7,942 9,762 18,831 TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in 1,160 33 295 43 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 244 11 64 10 17 22 11 36 10 6 10 16 31 TOTAL LIABILITIES AND I CAPITAL ACCOUNTS 162,159 i 7,554 42,593 6,610 11,642 14,378 7,112 25,034 6,473 3,569 8,051 9,915 19,228 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 128,336 6,607 34,110 6,385 9,617 11,133 5,258 20,102 5,312 2,500 6,096 6,782 14,434 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 2,311 83 738 143 151 87 124 412 53 69 106 259 86 U.S. Gov't and Agency securities 111,885 5,381 29,176 5,270 8,684 9,583 4,696 17,714 . 4,661 2,180 5,241 5,966 13,333 Total collateral 128,336 6,607 34,110 6,385 9,617 11,133 5,258 20,102 5,312 2,500 6,096 6,782 14,434 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