H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Effecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release May 2, 1980 Averages of daily fi gures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, April 30, Apri L 23, 1 May 2, April 30, and related items 1980* 1980 I 1Q7Q 1980* Reserve Bank credit: (In millions of dollars) U.S. Government securities-- Bought outright—System account -' 119,509 . 377 +13,036 . -f 118,825 Held under repurchase agreements -- - 937 - 380 — Federal Agency obligations- Bought outright 8,877 _- + 1,413 8,877 Held under repurchase agreements -- - 269 - 164 -~ Acceptances— Bought outright Held under repurchase agreements -. - 155 - 122 — Loans— Total member bank borrowing 2,664 + 109 + 1,447 4,770 Includes seasonal borrowing of: 172 + 13 + 9 173 Other borrowing Float 3,583 _ 158 -3,351 3,098 Other F.R. assets 5,320 + 57 -1,400 5,537 Total Reserve Bank credit 139,953 -1, 729 +10,479 141,107 Gold Stock 11,172 _- - 245 11,172 Special Drawing Rights certif. acct. 2,968 -- + 1,668 2,968 Treasury currency outstanding 13,229 + 11 + 1,022 13,244 167,322 -1, 718 +12,924 168,491 _ Currency in circulation 123,265 473 +10,017 123,776 Treasury cash holdings 605 + 11 + 220 605 Treasury deposits with F.R. Banks 3,845 + 483 + 447 4,561 Foreign deposits with F.R. Banks 365 + 50 + 69 648 Other deposits with F.R. Banks 5/ 571 - 54 - 188 553 Other F.R. liabilities and capital 5,007 - 110 + 409 5,066 133,659 - 93 +10,975 135,209 Reserves: With Federal Reserve Banks 3/ 33,663 -1, 626 + 1,949 33,282 Currency and coin 11,299 + 1 ,115 + 1,336 11,299 Total reserves held 45,172 - 509 + 3,361 44,791 Required reserves 45,028 - 230 + 3,367 45,028 Excess reserves 4/ 144 - 279 - 6 237 Note: A net of $88 million of surplus reserves were eligible to be carried forward from the week ended April 23, into the week ending April 30. On April 30, 1980, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $74,045 million, an increase of $1,640 million for the week. 1/ Net of $2,403 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $2,403 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. Government securities. 2/ Net of $3,087 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which $3,087 million was with foreign official and international accounts. Includes $286 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 $210 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 $122 million, daily average, held by Money Market Mutual Funds and other financial intermediaries; $44 million, daily average, held by nonmember banks against managed liabilities. * Estimated (Minneapolis District), ** 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 dol lars) Wednesday Change since April 30, April 23 May 2, A S S E TS 1980 ** 1980 1979 Gold certificate account 11,172 ..- 244 Special Drawing Rights certif. acct. * 2,968 -- + 1,668 Coin 387 6 5 Loans 4,770 + 1,808 + 3,097 Acceptances-- Bought outright Held under repurchase agreements Federal Agency obligations—Bought outrijght 8,877 + 1,413 Held under repurchase agreements \7 "- ~ 248 ~~ U.S. Government securities: 46,335 - 577 + 9,123 Bought outright--Bills Certificates -« Notes 57,707 + 3,045 Bonds 14,783 — + 1,426 Total bought outright U 118,825 - 577 +13,594 Held under repurchase agreements 1/ -- rr-- 220099 -- 118,825 778866 +13,594 Total U.S. Government securities 1S2,472 + 774 +18,104 Total loans and securities Cash items in process of collection (2,452) 10,661 - 432 - 6,697 Bank premises 433 - 1 + 36 Other assets 3J 5,104 + 169 - 1,106 TOTAL ASSETS (2,452) 163,197 + 504 +11,756 LI_ABXLI_TXES Federal Reserve notes 111,524 69 9,178 Deposits: Reserve accounts: Member Banks 32,927 682 + 1,221 Edge Act Corporations 315 33 + 57 U.S. Agencies & Branches of Foreign Banks 40 70 + 40 Total 33,282 + 579 + 1,318 Special deposits--Credit Restraint Program 171 - 112 + 171 U.S. Treasury--general account 4,561 - 651 8 Foreign 648 + 326 + 344 Other 382 + 94 47 Total deposits 39,044 + 236 + 1,778 Deferred availability cash items (2,452) 7,563 + 116 - 299 Other liabilities and accrued dividends 2,470 + 122 + 788 TOTAL LIABILITIES (2,452) 160,601 543 +11,445 C.API_TAL A C C O U N T S. Capital paid in 1,162 + 3 + 46 Surplus 1,145 -- + 67 Other capital accounts 289 - 42 + 198 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 $3,087 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $286 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 account reflecting, beginning December 29, 1978, the monthly revaluation at market exchange rates of foreign exchange commitments. MATURITY DISTRIBUTION: OF LOANS AND SECURITIES, APRIL 30, 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 change; Within 15 days 4,726 7,519 +2 ,159 48 -248 16 days to 90 days 44 22,179 -4 ,621 409 91 days to 1 year 34,155 +1 ,396 1,627 Over 1 year to 5 years 29,784 + 280 4,778 Over 5 years to 10 years 12,029 — 1,271 Over 10 years 13 159 -- 744 Total 4,770 118 r ,825 - 786 8,877 ^258 ** Estimated (Minneapolis District). 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 30, 1980 New Phila- Cleve- Rich- St. Minne- .* Kansas San i Total i Boston York delphia_ . land [ mond Atlanta Chicago Louis apolis City Dallas Francisco (In millions of dollars) ASS E T S Gold certificate account 11,172 877 3,024 1,010 847 961 565 1,422 465 225 501 472 803 Special Drawing Rights certif. acct. 2,968 151 784 143 236 270 93 485 124 50 131 156 345 Coin 387 28 17 15 42 43 36 25 31 16 49 22 63 Loans 4,770 183 821 769 244 402 242 1,047 76 240 146 329 271 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 agreemente V -- -- — — — — -- — — — — -- -- U.S. Government securities: Bought outright- Bills 46,335 2,117 12,044 2,012 3,500 3,806 1,679 7,280 1,862 828 2,171 2,750 6,286 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/ 118,825 5,428 30,886 5,159 8,977 9,760 4,306 18,671 4,775 2,123 5,568 7,052 16,120 Held under repurchase agreements 1/ -- -- -- -- — — -- -- — -- -- -- -- Total U.S. Government securities 118,825 5,428 30,886 5,159 8,977 9,760 4,306 18,671 4,775 2,123 5,568 7,052 16,120 Total loans and securities 132,472 6,016 34,014 6,313 9,892 10,891 4,870 21,113 5,208 2,522 6,130 7,908 17,595 Cash items in process of collection 13,113 274 1,428 603 859 2,344 1,632 1,474 853 650 1,192 884 920 Bank premises j 433 103 16 54 23 84 33 16 13 28 20 12 31 Other assets 3/ 5,104 177 1,472 197 357 329 306 685 184 114 213 312 758 Interdistrict settlement account -0- - 490 +6,697 -1,820 - 672 - 459 - 643 - 520 - 297 - 502 - 238 - 72 - 984 TOTAL 165,649 7,136 47,452 6,515 11,584 14,463 6,892 24,700 6,581 3,103 7,998 9,694 19,531 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 $3,087 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $286 million securities loaned--fully ~~ secured by U.S. Government securities. 3/ Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. * Estimated (Minneapolis District), Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 30, 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 111,524 5,836 30,566 5,141 8,873 10,063 2,882 18,583 4,667 1,756 4,975 5,950 12,232 Deposits: 33,282 805 9,204 793 1,717 1,796 2,438 4,638 942 673 1,623 2,748 5,905 Reserve Accountsi/ UU..SS.. TTrreeaassuurryy——ggeenneerraall aaccccoouunntt 1 4,561 4,561 FFoorreeiiggnn 648 9 419 12 25 16 23 45 9 10 13 18 49 OOtthheerr 22// 553 17 398 13 13 28 6 16 3 8 17 5 29 TToottaall ddeeppoossiittss 39,044 831 14,582 818 1,755 1,840 2,467 4,699 954 691 1,653 2,771 5,983 DDeeffeerrrreedd aavvaaiillaabbiilliittyy ccaasshh iitteemmss 10,015 285 978 345 572 2,218 1,221 672 787 530 1,150 679 578 Other liabilities and accrued dividends 3/ 2,470 107 667 106 176 199 134 364 92 43 108 137 337 TOTAL LIABILITIES 163,053 7,059 46,793 6,410 11,376 14,320 6,704 24,318 6,500 3,020 7,886 9,537 19,130 CAPITAL ACCOUNTS Capital paid in 1,162 33 295 43 94 61 89 170 35 37 50 71 184 Surplus 1,145 33 290 45 95 58 87 168 35 36 49 67 182 Other capital accounts 289 11 74 17 19 24 12 44 11 10 13 19 35 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 165,649 7,136 47,452 6,515 11,584 14,463 6,892 24,700 6,581 3,103 7,998 9,694 19,531 FEDERAL RESERVE AGENTS' ACCOUNTS F R. notes outstanding 130,478 6,779 34,547 6,587 9,759 11,348 4,212 20,501 5,395 2,463 6,155 6,967 14,765 Collateral for F.R. notes: Gold certificate account 11,172 877 3,024 1,010 847 961 565 1,422 465 225 501 472 803 Special Drawing Rights certif. acct. 2,968 151 784 143 236 270 93 485 124 50 131 156 345 Eligible paper 1,613 101 428 26 243 204 127 117 48 66 89 126 38 U.S. Govt, and Agency securities 114,725 5,650 30,311 5,408 8,433 9,913 4,427 18,477 4,758 2,122 5,434 6,213 13,579 Total collateral 130,478 6,779 34,547 6,587 9,759 11,348 5,212 20,501 5,395 2,463 6,155 6,967 14,765 J7 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. 37 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. * Estimated (Minneapolis District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis