H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release May 9, 1980 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, May 7, April 30, 1 May 9, May 7, and related items 1980 1980 I 1979 , 1980 Reserve Bank credit: (In millions of dollars) U.S. Government securities-- Bought outright--System account -/118,290 -1,219 +12,627 . -/118,277 Held under repurchase agreements 245 + 245 + 245 -- Federal Agency obligations-- Bought outright 8,877 + 1,443 8,877 Held under repurchase agreements 115 + 115 + 115 ""* Acceptances-- Bought outright Held under repurchase agreements 109 + 109 + 109 \ Loans-- » Total member bank borrowing 1,329 -1,335 159 \ 927 Includes seasonal borrowing of: 155 17 - 6 84 Other borrowing - Float 4,169 + 518 2,844 4,442 Other F.R. assets 5,437 + 113 -1,347 5,533 Total Reserve Bank credit 138,572 -1,453 +10,191 138,056 Gold Stock 11,172 -- - 236 11,172 Special Drawing Rights certif. acct. 2,968 __ + 1,668 2,968 Treasury currency outstanding 13,246 + 17 + 1,037 13,250 165,958 -1,436 +12,660 165,446 Currency in circulation * 123,897 + 632 +10,012 124,666 Treasury cash holdings * 605 -- + 228 605 Treasury deposits with F.R. Banks 2,442 -1,403 -1,692 3,367 Foreign deposits with F.R. Banks 367 + 2 + 65 409 Other deposits with F.R. Banks 5/ 536 - 35 - 118 526 Other F.R. liabilities and capital 5,138 + 131 + i,uo 4,966 132,985 - 674 + 9,605 | 134,539 Reserves: With Federal Reserve Banks 3/ 32,973 - 762 + 3,055 ! 30,907 Currency and coin 11,413 11,413 Total reserves held4/ 44,597 - 647 + 4,009 42,531 Required reserves 44,234 - 794 + 3,720 44,234 Excess reserves 4/ 363 + 147 + 289 1,703 Note: A net of $89 million of surplus reserves were eligible to be carried forward from the week ended April 30, into the week ending May 7. On May 7, 1980, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $72,633 million, a decrease of $1,412 million for the week. 1/ Net of $3,622 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $2,616 million was with foreign official and international accounts. Includes securities loaned —fully secured by U.S. Government securities. 2/ Net of $3,634 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which $2,061 million was with foreign official and international accounts. Includes $229 million securities loaned — fully secured by U.S. Government securities. 2/ Includes reserves of Member Banks, Edge Act Corporations and U.S. Agencies and Branches of Foreign Banks. y Adjusted to include $211 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 $138 million, daily average, held by Money Market Mutual Funds and other financial intermediaries; $43 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 dol lars) Wednesday CChhaannggee since May 7, April 3U, May 9, A S S E TS 1980 1980 1979 Gold certificate account 11,172 210 Special Drawing Rights certif. acct. * 2,968 + 1,668 Coin 382 5 18 Loans 927 - 3,843 - 1,445 Acceptances-- Bought outright Held under repurchase agreements Federal Agency obligations—Bought outright 8,877 + 1,443 Held under repurchase agreements 1/ U.S. Government securities: Bought outright--Bills 45,787 548 + 9,815 Certificates Notes 57 707 — + 3 045 Bonds 14 ,,778833 — 426 Total bought outright U 118 227777 - 548 ++1144 ,286 Held under repurchase agreements 1/ -- — .. Total U.S. Government securities 118 ,277 - 548 +14,286 Total loans and securities 128 ,081 -4 ,391 +14,284 Cash items in process of collection (2,256) 10 ,897 + 302 - 2 ,666 Bank premises 433 — + 36 Other assets 3/ 5 100 - 30 - 1 ,306 TOTAL ASSETS (2,256) 159 ,033 -4 ,124 +11 ,788 Federal Reserve notes 112,403 + 879 + 9,350 Deposits: Reserve accounts: Member Banks 30,520 - 2,407 + 381 Edge Act Corporations 318 + 3 23 U.S. Agencies & Branches of Foreign Banks 69 + 29 + 69 30,907 - 2,375 + 427 Total Special deposits—Credit Restraint Program 201 + 30 + 201 U.S. Treasury--general account 3,367 - 1,194 + 423 Foreign 409 - 239 + 127 Other 325 57 - 61 Total deposits 35,209 - 3,835 + 1 ,117 Deferred availability cash items 6,455 - 1,068 + 442 (2,256) 2,400 70 + 768 Other liabilities and accrued dividends —' 156,467 - 4,094 +11,677 TOTAL LIABILITIES (2,256) C A P I T AL A C C O U N TS Capital paid in 1,162 + 45 Surplus 1,145 + 67 Other capital accounts 259 30 1 * Figures in parentheses are the eliminations made in the consolidating process. 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 $3,634 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $229 million securities loaned— fully secured by U.S. Government securities. 3/ Includes assets denominated in forieng 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, MAY 7» 198Q (Acceptances and securities held under repurchase agreements are classified as j 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 885 8,388 +869 -- -48 16 days to 90 days 42 21,497 -682 492 +83 91 days to 1 year 33,420 -735 1,592 -35 Over 1 year to 5 years 29,784 — 4,778 — Over 5 years to 10 years 12,029 — 1,271 — Over 10 years 13,159 — 744 — Total 927 118,277 -548 8,877 — 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 MAY 7, 1980 New Phila Cleve- Rich St. Minne Kansas San Total Boston York delphia lftnd mond Atlanta Chicago Louis apolis Citv Dallas Francisco (In millions of dollars) A S S E TS Gold certificate account 11,172 917 3,024 1,010 807 961 565 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 382 27 18 15 41 43 36 24 32 14 48 23 61 Loans 927 44 2 701 2 20 2 52 3 34 39 11 17 Acceptances: Bought outrigjht 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/ U.S. Government securities: Bought outright — Bills 45,787 2,092 11,902 1,988 3,459 3,761 1,659 7,194 1,839 818 2,146 2,718 6,211 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/ 118,277 5,403 30,744 5,135 8,936 9,715 4,286 18,585 4,752 2,113 5,543 7,020 16,045 Held under repurchase agreements 1/ Total U.S. Government securities 118,277 5,403 30,744 5,135 8,936 9,715 4,286 18,585 4,752 2,113 5,543 7,020 16,045 Total loans and securities 128,081 5,852 33,053 6,221 9,609 10,464 4,610 20,032 5,112 2,306 5,998 7,558 17,266 Cash items in process of collection 13,153 484 1,753 407 784 2,248 2,184 1,165 656 967 1,141 770 594 Bank premises 433 103 16 54 23 84 33 16 13 28 20 12 31 Other assets 3/ 5,100 185 1,476 205 367 334 285 741 167 118 219 292 711 Interdistrict settlement account -0- - 658 +4,624 -1,496 - 645 - 137 - 792 + 304 - 277 - 471 - 284 + 492 - 660 TOTAL 161,289 7,061 44,784 6,559 11,222 14,267 7,014 24,189 6,292 3,237 7,774 9,775 19,151 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 $3,634 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $229 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 MAY 7, 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 112,403 5,874 30,812 5,207 8,942 10,098 2,981 18,746 4,695 1,751 4,984 6,000 12,313 Deposits: Reserve Accounts 1/ 30,907 702 7,718 844 1,450 1,722 2,508 4,062 965 839 1,473 2,887 5,737 U.S. Treasury—general account 3,367 3,367 Foreign - official accounts 409 9 181 12 25 15 23 45 9 10 13 18 49 Other 2/ 526 21 343 16 23 36 4 16 1 9 23 7 27 Total deposits 35,209 732 11,609 872 1,498 1,773 2,535 4,123 975 858 1,509 2,912 5,813 Deferred availability cash items 8,711 275 1,019 270 400 2,068 1,209 587 452 507 1,064 571 289 Other liabilities and accrued dividends 3/ 2,400 103 651 117 175 186 102 359 90 42 106 136 333 TOTAL LIABILITIES 158,723 6,984 44,091 6,466 11,015 14,125 6,827 23,815 6,212 3,158 7,663 9,619 18,748 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 j 259 11 72 5 18 23 11 36 10 6 12 18 37 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 161,289 7,061 44,748 6,559 11,222 14,267 7,014 24,189 6,292 3,237 7,774 9,775 19,151 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 130,746 6,783 34,832 6,573 9,781 11,383 5,161 20,561 5,383 2,458 6 ,140 6,960 14 731 Collateral for F.R. notes: , Gold certificate account 11,172 V 917 3,024 1,010 807 961 565 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 138 15 2 8 2 19 2 13 1 28 35 7 6 U.S. Govt, and Agency securities 116,468 5,700 31,022 5,412 8,736 10,133 4,501 18,641 4,793 2,155 5 ^73 6,325 13, 577 Total collateral 130,746 6,783 34,832 6,573 9,781 11,383 5,161 20,561 5,383 2,458 6 ,140 6,960 14. 731 jL/ 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