H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and •.ffu«*?: Condition Statement of F.R. Banks H.4.1 For immediate release April 25, 1980 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, April 23, April 16, (April 25, April 23, and related items ma 19fi0 1979, 1980 Reserve Bank credit: (In millions of dollars) U.S. Government securities-- V Bought outright—System account 119,886 +2,198 +13,254 -/119,402 Held under repurchase agreements 937 + 937 + 302 209 Federal Agency obligations-- Bought outright 8,877 1,413 8,877 Held under repurchase agreements 269 + 269 123 248 Acceptances— Bought outright Held under repurchase agreements 155 + 155 40 Loans-- Total member bank borrowing 2,555 + 279 + 1,564 2,962 Includes seasonal borrowing of: 159 + 19 + 18 158 Other borrowing Float 3,583 - 313 - 2,885 3,646 Other F.R. assets 5,263 + 119 - 1,611 5,369 Total Reserve Bank credit 141,524 +3 ,644 +12,120 140,713 Gold Stock 11,172 — - 246 11,172 Special Drawing Rights certif. acct. 2,968 — + 1,668 2,968 Treasury currency outstanding 13,218 + 9 + 1,038 13,218 168,882 +3 ,652 +14,580 168,071 Currency in circulation * 123,738 . 359 +10,246 123,685 Treasury cash holdings * 594 + 1 + 193 595 Treasury deposits with F.R. Banks 3,362 +2 ,106 - 255 5,212 Foreign deposits with F.R. Banks 315 - 8 + 65 322 Other deposits with F.R. Banks 5/ 625 + 178 24 571 Other F.R. liabilities and capital 5,117 + 210 + 611 4,983 133,752 +2 ,129 +10,836 135,368 Reserves With Federal Reserve Banks 3/ 35,131 +1 ,525 + 3,745 32,703 Currency and coin 10,184 - 855 + 875 10,184 Total reserves held 4/ 45,523 + 669 + 4,694 43,095 Required reserves 45,258 + 643 + 4,542 45,258 Excess reserves 4/ 265 + 26 + 152 - 2,163 Note: A net of $68 million of surplus reserves were eligible to be carried forward from the week ended April 16, into the week ending April 23. On April 23, 1980, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $72,405 million, a decrease of $786 million for the week. 1/ Net of $1,983 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $1,691 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. Government securities. y Net of $2,617 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which $1,571 million was with foreign official and international accounts. Includes $147 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. Adjusted to include $208 million waivers of penalities for reserve deficiencies in accordance with Board policy effective November 19, 1975. 5/ Includes special deposits under the credit restraint program of $178 million, daily average, held by Money Market Mutual Funds and other financial intermediaries; $161 million, daily average, held by nonmember banks against managed liabilities. 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 do lars) Wednes jjaayy Change since April 2233,, Apr il 16, April 25, A S S E TS 1980 1980 1979 Gold certificate account 11 172 — - 246 Special Drawing Rights certif. acct. * 2 968 — + 1 ,668 Coin 393 + 7 — Loans 2 ,962 - 617 + 1 ,435 Acceptances-- Bought outright Held under repurchase agreements „« „_ . 575 Federal Agency obligations—Bought outright 8 ,877 — + 1 ,413 Held under repurchase agreements 1/ 248 + 248 - 383 U.S. Government securities: Bought outright—Bills 46,912 + 2,387 -I- 9,110 Certificates Notes 57,707 + 3,045 14,783 + 1,426 Bonds Total bought outright 2/ 119,402 + 2,387 +13,581 Held under repurchase agreements 1/ 209 + 209 - 1,986 Total U.S. Government securities 119,611 + 2 ,596 +11,595 Total loans and securities 131,698 + 2 ,227 +13,485 Cash items in process of collection (2,368) 11,093 - 1 ,428 - 3,333 Bank premises 434 + 2 + 37 Other assets _3/ 4,935 + 86 - 1,707 TOTAL ASSETS (2,368) 162,693 + 894 + 9,904 L I A B I L I T I ES Federal Reserve notes 111,455 714 + 9,186 Deposits: Reserve accounts: Member Banks 32,245 66 - 1,564 Edge Act Corporations 348 61 + 103 U.S. Agencies & Branches of Foreign Banks 110 70 + 110 Total 32,703 197 - 1,351 Special deposits--Credit Restraint Program 283 + 67 + 283 U.S. Treasury--general account 5,212 + 2,048 + 1,145 Foreign 322 20 + 47 Other 288 + 10 - 159 Total deposits 38,808 + 1,908 35 7,447 - 435 + 402 Deferred availability cash items (2,368) 2,348 + 60 + 565 Other liabilities and accrued dividends —' 160,058 819 +10,118 TOTAL LIABILITIES (2,368) C A P I T AL A C C O U N TS Capital paid in 1,159 - 1 + 43 Surplus 1,145 — + 67 Other capital accounts 331 + 76 - 324 * 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 $2,617 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $147 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 account reflecting, beginning December 29, 1978, the monthly revaluation at market exchange rates of foreign exchange commitments. MATURITY DISTRIBUTION: OF LOANS AND SECURITIES. APRIL 23, 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 changei Within 15 days 2,911 5,360 +2,200 29o~ "+202 16 days to 90 days 51 26,800 + 743 409 38 91 days to 1 year 32,759 - 347 1,627 19 Over 1 year to 5 years 29,504 4,778 18 Over 5 years to 10 years 12,029 1,271 9 Over 10 years 13,159 ZZ 744 Total 2,962 119,611 +2,596 9,125 +248 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 23, 1980 New Phila- Cleve- Rich- St. Minne- Kansas San Total Boston York delphia land J mond Atlanta Chicago Louis anolis Citv Dallas Francisco (In millions of dollars) A S S E TS Gold certificate account 11,172 877 3,024 1,010 847 961 465 1,422 465 225 501 572 803 Special Drawing Rights certif„ acct. 2,968 151 784 143 236 270 93 485 124 50 131 156 345 Coin 393 29 18 16 39 45 37 27 31 15 49 23 64 Loans 2,962 141 498 749 37 253 256 231 59 95 165 236 242 Acceptances: Bought outright -- — — — — — — — — — — — -- Held under repurchase agreements — — — — — — — — — — — — — Federal Agency obligations— Bought outright 8,877 405 2,307 385 671 729 322 1,395 357 159 416 527 1,204 Held under repurchase agreements 1/ 248 -- 248 -- -- — -- — -- -- -- — — U.S. Government securities: Bought outright— Bills 46,912 2,144 12,194 2,037 3,544 3,853 1,700 7,371 1,885 838 2,198 2,784 6,364 Certificates — — — — — — -- — — — — — Notes 57,707 2,636 15,000 2,505 4,360 4,740 2,091 9,068 2,319 1 ,031 2,704 3,425 7,828 Bonds 14,783 675 3,842 642 1,117 1,214 536 2,323 594 264 693 877 2,006 Total bought outright 2/ 119,402 5,455 31,036 5,184 9,021 9,807 4,327 18,762 4,798 2 ,133 5,595 7,086 16,198 Held under repurchase agreements 1_/ 209 — 209 — — — — — — — — — — Total U.S. Government securities 119,611 5,455 31,245 5,184 9,021 9,807 4,327 18,762 4,798 2 ,133 5,595 7,086 16,198 Total loans and securities 131,698 6,001 34,298 6,318 9,729 10,789 4,905 20,388 5,214 2 ,387 6,176 7,849 17,644 Cash items in process of collection 13,461 495 2,188 508 975 2,275 1,463 1,148 782 616 1,091 920 1,000 Bank premises 434 104 16 54 23 84 33 16 13 28 20 12 31 Other assets V 4,935 168 1,434 219 341 307 313 673 182 110 209 270 709 Interdistrict settlement account -0- - 502 +4,434 -1,718 - 520 - 622 - 634 + 205 - 335 - 221 - 133 - 314 + 360 TOTAL 165,061 7,323 46,196 6,550 11,670 14,109 6,675 24,364 6,476 3 ,210 8,044 9,488 20,956 JL/ 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 $2,617 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $147 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 23, 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 111,455 5,817 .30,526 5,155 8,883 10,029 2,959 18,565 4,656 1,758 4,959 5,970 12,178 Deposits: Reserve Accounts 1/ 32,703 916 7,721 766 1,758 1,513 2,159 4,366 959 835 1,836 2,561 7,313 U.S. Treasury—general account 5,212 5,212 Foreign 322 7 132 10 21 13 19 37 8 8 11 15 41 Other 2/ 571 17 333 22 27 41 14 17 2 11 17 7 63 TotaT deposits 38,808 940 13,398 798 1,806 1,567 2,192 4,420 969 854 1,864 2,583 7,417 Deferred availability cash items 9,815 384 997 385 602 2,184 1,204 635 681 475 1,004 636 628 Other liabilities and accrued dividends 3/ 2,348 104 559 112 171 186 132 366 90 43 106 145 334 TOTAL LIABILITIES 162,426 7,245 45,480 6,450 11,462 13,966 6,487 23,986 6,396 3,130 7,933 9,334 20,557 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 331 12 131 12 19 24 12 41 11 7 12 17 33 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 165,061 7,323 46,196 6,550 11,670 14,109 6,675 24,364 6,476 3,210 8,044 9,488 20,956 FEDERAL RESERVE AGENTS1 ACCOUNTS F.R. notes outstanding | 130,095 6,793 34,372 6,600 9,774 11,214 5,286 20,392 5,363 2,469 6,163 6,939 14,730 Collateral for F.R. notes: Gold certificate account 11,172 877 3,024 1,010 847 961 465 1,422 465 225 501 572 803 Special Drawing Rights certif. acct. 2,968 151 784 143 236 270 93 485 124 50 131 156 345 Eligible paper 1,045 57 202 38 36 103 110 73 25 47 135 169 50 U.S. Govt, and Agency Securities 114,910 5,708 30,362 5,409 8,655 9,880 4,618 18,412 4,749 2,147 5,396 6,042 13,532 Total collateral 130,095 6,793 34,372 6,600 9,774 11,214 5,286 20,392 5,363 2,469 6,163 6,939 14,730 \J Includes reserves of Member Banks, Edge Act Corporations and U.S. Agencies and Branches of Foreign Banks. 2/ Includes special deposits under the credit restraint program held by Money Market Mutual Funds and other financial intermediaries and held by nonmember banks "~ against managed liabilities. 3/ 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