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 16, 1980 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, May 14, May 7, May 16, May 14, and related items 1980 1980 1979 1980 Reserve Bank credit: (In millions of dollars U.S. Government securities-- 1/ 2/ Bought outright—System account 119,953 +1,663 +13,569 122,454 Held under repurchase agreements - 245 Federal Agency obligations-- Bought outright 8,877 + 1,443 8,877 Held under repurchase agreements - 115 Acceptances-- Bought outright Held under repurchase agreements - 109 Loans— Total member bank borrowing 1,021 - 308 738 1,585 Includes seasonal borrowing of: 47 - 108 115 45 Other borrowing Float 3. ,167 - 940 - 2,923 3., 777 Other F.R. assets _Jj ,561 + 124 - 1,080 5 ,850 Total Reserve Bank credit 138., 579 + 69 +10,271 142,, 543 Gold Stock 11, ,172 182 11, ,172 Special Drawing Rights certif. acct. 2, ,968 + 1,668 2,, 968 Treasury currency outstanding J^ ,253 + 7 + 1,032 13, ,260 165,971 75 +12,788 169,943 Currency in circulation * 124,706 809 +10,343 125,019 Treasury cash holdings * 595 10 + 238 595 Treasury deposits with F.R. Banks 2,807 365 401 2,080 Foreign deposits with F.R. Banks 467 100 + 226 351 Other deposits with F.R. Banks 5/ 515 21 102 478 Other F.R. liabilities and capital 5,069 69 + 835 4,929 134,159 +1,174 +11,140 133,452 Reserves: With Federal Reserve Banks 37 31,812 -1,099 + 1,647 36,491 Currency and coin 11,419 + 6 + 1,104 11,419 Total reserves held 4/ 43,440 -1,095 + 2,833 48,119 Required reserves 43,449 - 785 + 3,099 43,449 Excess reserves 4/ 9 - 310 - 266 4,670 Note: A net of $206 million of surplus reserves were eligible to be carried forward from the week ended May 7, into the week ending May 14. On May 14, 1980, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $72,364 million, a decrease of $269 million for the week. 1/ Net of $2,089 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $1,874 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. Government securities. 2/ Net of $484 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which $484 million was with foreign official and international accounts. Includes $204 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. Adjusted to include $209 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 $170 million daily average, held by Money Market Mutual Funds and other financial inter mediaries; $36 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 dollars) Wednesday Change since May 14, May 7, May 16, A S S E TS 1980 1980 1979 Gold certificate account 11,172 — - 182 Special Drawing Rights certif. acct. * 2,968 — + 1,668 Coin 388 + 6 21 Loans 1,585 + 658 - 323 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 49,343 +3,556 +12,681 Notes 58,173 + 466 + 3,711 Bonds 14.938 + 155 + 1.381 Total bought outright 2/ 122,454 +4,177 +17,773 Held under repurchase agreements 1/ Total U.S. Government securities 122.454 +4.177 +17.773 Total loans and securities 132,916 +4,835 +18,893 Cash items in process of collection (2,412) 10,267 - 630 - 4,761 Bank premises 437 + 4 + 40 Other assets \J 5.413 + 313 - 280 TOTAL ASSETS (2,412) 163.561 +4.528 +15.357 LI_ABI_LI_T1E£ Federal Reserve notes 112,742 + 339 + 9,572 Deposits: Reserve accounts: Member Banks 35,929 +5,409 + 6,827 Edge Act Corporations 429 + 111 + 166 133 + 64- + 133 U.S. Agencies & Branches of Foreign Banks Total 36,491 +5,584 + 7,126 Special deposits—Credit Restraint Program 222 + 21 + 222 U.S. Treasury--general account 2,080 -1,287 - 1,318 Foreign - official accounts 351 - 58 + 106 Other 256 - 69 50 Total deposits 39,400 +4,191 + 6,086 Deferred availability cash items (2,412) 6,490 + 35 - 940 Other liabilities and accrued dividends 4/ 2.355 - 45 + 694 TOTAL LIABILITIES (2,412) 160,987 +4,520 +15,412 C A P I T AL A C C O U N TS Capital paid in 1,163 + 1 + 48 Surplus 1,145 — + 67 Other capital accounts 266 + 7 - 170 * 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 $1,523 million was outstanding at the end of the latest statement week. 2/ Net of $484 million matched sale-purchase transactions outstanding at the ~ end of the latest statement week. Includes $204 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. MAY 14. 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 1,552 11,219 +2 ,831 11 +11 16 days to 90 days 33 22,519 +1 ,022 481 -11 91 days to 1 year 33,278 - 142 1,592 — Over 1 year to 5 years 30,051 + 267 4,778 — Over 5 years to 10 years 12,073 + 44 1,271 — Over 10 years 13*314 + 155 744 —. Total 1,585 122,454 +4,177 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 14, 1980 New Phila- Cleve- Rich- St. Minne- Kansas San Total Boston York delphia land 1 mond A,t lanta Chicago Louis apolis City 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 388 27 22 15 41 43 37 24 31 14 47 25 62 Loans 1,585 28 626 842 * 4 6 10 2 13 46 6 2 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/ — — — — — — — — — — — — — U.S. Government securities: Bought outright— Bills 49,343 2,255 12,826 2,142 3,727 4,053 1,788 7,753 1,983 881 2,312 2,929 6,694 Certificates — — — — — — — =- — =,« „- — — Notes 58,173 2,658 15,121 2,525 4,395 4,778 2,108 9,141 2,338 1 ,039 2,726 3,452 7,892 Bonds 14,938 682 3,883 649 1,129 1,227 541 2,347 600 267 700 887 2,026 Total bought outright 2/ 122,454 5,595 31,830 5,316 9,251 10,058 4,437 19,241 4,921 2 ,187 5,738 7,268 16,612 Held under repurchase agreements 1/ — — — — — — — — — — .. — — Total U.S. Government securities 122,454 5,595 31,830 5,316 9,251 10,058 4,437 19,241 4,921 2 ,187 5,738 7,268 16,612 Total loans and securities 132,916 6,028 34,763 6,543 9,922 10,791 4,765 20,646 5,280 2 ,359 6,200 7,801 17,818 Cash items in process of collection 12,679 493 1,505 467 892 2,656 1,436 1,371 554 757 1,245 787 516 Bank premises 437 103 17 54 23 86 33 16 13 28 21 12 31 Other assets 3/ 5,413 190 1,601 210 381 409 306 734 172 122 229 299 760 Interdistrict settlement account -0- - 28 +3,765 -1,869 - 114 - 846 - 666 - 279 - 470 - 248 - 355 + 233 + 877 TOTAL 165,973 7,881 45,481 6,573 12,188 14,370 6,569 24,419 6,169 3 ,307 8,019 9,785 21,212 \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 $1,523 million was outstanding at the end of the latest statement week. 2/ Net of $484 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $204 million securities loaned—fully secured by U.S. Government securities. 3/ Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. * Less than $500,000. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON May 14, 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 112,742 5,896 30,999 5,216 9,025 10,072 2,952 18,821 4,700 1,768 4,978 5,998 12,317 Deposits: Reserve Accounts 1111//// 36,491 1,488 9,680 895 2,257 1,665 2,172 4,158 902 878 1,696 2,882 7,818 U.S. Treasury—general account 2,080 2,080 Foreign—official accounts 351 9 122 12 25 16 23 45 9 10 13 18 49 Other 2222//// 478 24 275 16 27 42 2 20 1 9 27 6 29 Total deposits 39,400 1,521 12,157 923 2,309 1,723 2,197 4,223 912 897 1,736 2,906 7,896 Deferred availability cash items 8,902 287 1,029 238 481 2,247 1,115 645 388 522 1,091 593 266 Other liabilities and accrued 3333//// 2,355 100 642 97 167 186 119 352 89 42 103 132 326 dividends 163,399 7,804 44,827 6,474 11,982 14,228 6,383 24,041 6,089 3,229 7,908 9,629 20,805 TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in 1,163 33 296 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 266 11 68 11 17 23 10 40 10 5 12 18 41 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 165,973 7,881 45,481 6,573 12,188 14,370 6,569 24,419 6,169 3,307 8,019 9,785 21,212 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 130,946 6,771 35,095 6,558 9,793 11,366 5,072 20,621 5,417 2,454 6,142 6,967 14,690 Collateral for F.R. notes: 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 Eligible paper 707 6 626 4 * 3 6 9 1 11 34 5 2 U.S. Govt, and Agency securities 116,099 5,697 30,661 5,401 8,750 10,132 4,408 18,705 4,827 2,168 5,476 6,334 13,540 Total collateral 130,946 6,771 35,095 6,558 9,793 11,366 5,072 20,621 5,417 2,454 6,142 6,967 14,690 _1/ 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. * Less than $500,000. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis