H.4.1 Factors Affecting Reserve Balances of Depository Institutions

•iis^v FEDERAL RESERVE Factors Affecting Bank Reserves and '••f^^Sf. Condition Statement of F.R. Banks H.4.1 For immediate release April 4, 1980 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, April 2, March 26, April 4, April 2, and related items 1980 1980 1979 1980 Reserve Bank credit: (In millions of dollars) U.S. Government securities-- Bought outright--System account •M16,235 - 403 +12,209 *U3. 803 Held under repurchase agreements 1,080 + 881 + 354 Special Certificates 980 Federal Agency obligations-- Bought outright 8,211 + 747 8,211 Held under repurchase agreements 236 27 + 78 Acceptances — Bought outright Held under repurchase agreements 187 151 100 Loans— Total member bank borrowing 2,262 - 398 + 1,395 2,108 Includes seasonal borrowing of: 165 - 12 + 35 144 Other borrowing Float 3,852 „ 643 - 1,823 1 3,978 Other F.R. assets 5,005 + 148 - 1,429 5,104 Total Reserve Bank credit 137,068 - 238 +10,651 ! 133,204 Gold Stock 11,172 — 306 11,172 Special Drawing Rights certif. acct. 2,968 — + 1,668 2,968 Treasury currency outstanding 13,168 + 22 + 1,033 13,186 164,376 - 216 +13,046 160,530 Currency in circulation * 122,859 + 356 +10,510 123,573 Treasury cash holdings * 540 — + 163 540 Treasury deposits with F.R. Banks 2,211 -1, 032 - 496 , 2,057 Foreign deposits with F.R. Banks 341 - 18 + 49 325 Other deposits with F.R. Banks 378 - 22 312 322 Other F.R. liabilities and capital 5,044 + 120 + 650 4,678 131,374 - 595 +10,565 131,495 Member bank reserves: With Federal Reserve Banks 3/ 33,002 + 379 + 2,483 29,035 Currency and coin 10,756 + 495 + 980 10,756 Total reserves held 4/ 43,972 + 863 + 3,542 40,005 Required reserves 43,482 + 541 + 3,440 ' 43,482 Excess reserves 4/ 490 + 322 + 102 -3,477 Note: A net of $43 million of surplus reserves were eligible to be carried forward from the week ended March 26, into the week ending April 2. On April 2, 1980, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $76,535 million, an increase of $137 million for the week. JL/ Net of $2,749 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $2,361 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. Government securities. 2/ Net of $5,181 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which $2,463 million was with foreign official and international accounts. Includes $584 million securities loaned--fully secured by U.S. Government securities. J3/ Includes reserves of Member Banks, Edge Act Corporations and U.S. Agencies and Branches of Foreign Banks. kj 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 April 2, Mar. 26, April 4, A S S E TS 1980 1980 1979 Gold certificate account 11,172 -- 304 Special Drawing Rights certif. ace:, * 2,968 -- + 1,668 Coin 399 16 + 14 Loans 2,108 - 2,543 + 1,387 Acceptances-- Bought outright Held under repurchase agreements Federal Agency obligations—Bought outright 8,211 747 Held under repurchase agreements 1/ U.S. Government securities: - Bought outright—Bills 41,920 4,027 +13,478 Notes 57,164 + 3,141 Bonds 14,719 + 1,362 Total bought outright 2/ 113,803 4,027 +17,981 Held under repurchase agreements 1/ Total U.S. Government securities 113,803 - 4,027 +17,981 Total loans and securities 124,122 - 6,570 +20,115 Cash items in process of collection (2,093) 10,692 + 1,054 - 3,491 Bank premises 431 + 1 + 35 Other assets \j 4,673 + 80 - 1,323 TOTAL ASSETS (2,093) 154,457 - 5,451 +16,714 tiABltllllS Federal Reserve notes 111,326 + 643 + 9,672 Deposits: Reserve accounts: Member Banks 28,698 - 5,410 + 4,836 Edge Act Corporations 239 - 60 + 64 U.S. Agencies & Branches of Foreign Banks 98 +_ JL7 + 98 Total 29,035 - 5,453 + 4,998 U.S. Treasury--general account 2,057 - 941 + 1,301 Foreign 325 - 43 + 81 Other 322 - 20 48 Total deposits 31,739 -6,457 + 6,332 Deferred availability cash items (2,093) 6,714 + 458 - 261 Other liabilities and accrued dividends 2,141 - 83 + 757 TOTAL LIABILITIES (2,093) 151,920 -5,439 +16,500 C A P I T AL A C C O U N TS Capital paid in 1,160 + 48 Surplus 1,145 -- + 67 Other capital accounts 232 - 12 + 99 * Figures in parentheses are the eliminations made in the consolidating process. \J 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. 27 Net of $5,181 million matched sal'e-purchase transactions outstanding at the i end of the latest statement week. Includes $584 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. APRIL 2. 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 2,025 2,149 -3,811 62 -102 16 days to 90 days 83 24,644 - 944 403 +124 91 days to 1 year 32,817 + 844 1,470 + 3 Over 1 year to 5 years 29,131 - 113 4,323 - 25 Over 5 years to 10 years 11,967 ... 1,233 — Over 10 years 13,095 ... 720 — Total 2,108 113,803 -4,027 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 APRIL 2, 1980 New Phila- Cleve- Rich St. Minne- Kansas San Total Boston York delphia land 1 mond Atlanta Chicago Louis apolls 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 399 31 16 16 41 46 36 29 31 14 49 23 67 Loans 2,108 329 345 401 79 307 41 1 204 55 102 123 74 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 1/ -- — -- — — — ... — — — — — — U.S. Government securities: Bought outright— Bills 41,920 2,027 10,333 2,004 3,368 3,433 1,736 6,652 1,784 932 1,851 2,285 5,515 Certificates — — -- — — — .. -- .. — — — « Note 8 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 2,336 626 327 650 801 1,937 Total bought outright 2/ 113,803 5,504 28,051 5,441 9,143 9,320 4,715 18,060 4,842 2,530 5,024 6,201 14,972 Held under repurchase agreements !_/ — — — — — — — — — — — -- * -- Total U.S. Government securities 113.803 5,504 28,051 5,441 9,143 9,320 4,715 18,060 4,842 2,530 5,024 6,201 14,972 Total loans and securities 124,122 6,230 30,420 6,235 9,882 10,300 5,096 19,567 5,246 2,815 5,509 6,722 16,100 Cash items in process of collection 12,785 446 2,109 405 779 2,272 1,297 1,743 549 708 1,137 862 478 Bank premises 431 104 16 54 23 84 32 16 13 28 20 12 29 Other assets 3/ 4,673 166 1,197 220 345 364 298 638 151 129 193 249 723 Interdistrict settlement account -0- - 642 + 936 -1,372 - 96 4 - 856 + 525 - 205 - 517 + 262 +1,266 4- 703 TOTAL 156,550 7,478 38,890 6,530 11,756 14,525 6,341 24,494 6,383 3,428 7,919 9,691 19,115 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 $5,181 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $584 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 April 2, 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 111,326 5,788 30,281 5,255 8,854 10,133 3,125 18,503 4,685 1,738 4,905 5,946 12,113 Deposits: Reserve Accounts J./ 29,035 1,094 6,254 752 1,971 1,665 1,869 3,957 1,000 969 1,504 2,501 5,499 U.S. Treasury—general account 2,057 91 25 39 54 74 163 545 87 66 238 268 407 Foreign 325 7 136 10 21 13 19 37 8 8 11 15 40 Other 322 1 283 1 25 1 2 1 1 3 1 3 Total deposits 31,739 1,193 6,698 801 2,047 1,777 2,052 4,541 1,096 1,044 1,756 2,785 5,949 Deferred availability cash items 8,807 314 858 249 476 2,275 858 730 433 515 1,053 689 357 Other liabilities and accrued dividends 2/ 2,141 106 404 127 175 200 120 346 92 52 96 120 303 TOTAL LIABILITIES 154,013 7,401 38,241 6,432 11,552 14,385 6,155 24,120 6,306 3,349 7,810 9,540 18,722 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 232 11 64 10 15 21 10 37 7 6 10 14 27 TOTAL LIABILITIES AND , CAPITAL ACCOUNTS 156,550 7,478 38,890 6,530 11,756 14,525 6,341 24,494 6,383 3,428 7,919 9,691 19,115 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 128,769 6,588 34,250 6,465 9,667 11,145 5,181 20,210 5,335 2,493 6,098 6,800 14,537 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 1,566 310 292 258 77 246 24 69 35 64 101 59 31 U.S. Government & Agency securities 113,063 5,135 29,762 5,235 8,808 9.436 4,719 18,165 4,702 2,178 5,248 6,184 13,491 Total collateral 128,769 6,588 34,250 6,465 9,667 11,145 5,181 20,210 5,335 2,493 6,098 6,800 14,537 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