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 23, 1980 Averages of daily _fjjS ures Menber bank reserves, Week ended Change from week ended]Wednesday Reserve Bank credit, May 21, May 14, May 23, May 21,* and related items 1?80 1980 1980 1980 Reserve Bank credit: (In millions of dollars) U.S. Government securities- Bought outright—System account -f 122,295 +2,342 +16,159 y 120,095 Held under repurchase agreements Federal Agency obligations— Bought outright 8,877 + 1,443 8,877 Held under repurchase agreements — Acceptances— Bought outright Held under repurchase agreements Loans- Total member bank borrowing 839 - 182 - 864 886 Includes seasonal borrowing of: 41 6 - 128 39 Other borrowing Float 3,853 + 635 - 2,835 4,050 Other F.R. assets *.736 - 825 - 1.234 4.934 Total Reserve Bank credit 140,600 +1,970 +12,669 138,842 Gold Stock 11,172 - 182 11,172 Special Drawing Right* certlf. acct. 2,9*» + 1,668 2,968 Treasury currency outstanding 13.262 + 9 + 1.022 13.266 168,002 +1,980 +15,178 166,248 Currency in circulation ** 124,736 + 30 +10,526 125,073 Treasury cash holdings ** 590 5 + 229 590 Treasury deposits with F.R. Banks 3,020 + 213 + 60 3,119 Foreign deposits with F.R. Banks 328 - 139 + 76 350 Other deposits with F.R. Banks 5/ 523 + 8 45 528 Other F.R. liabilities and capital ~~ 5.071 + 2 + 731 4.898 134,268 + 109 +11,576 Reserves: with Federal Reserve Banks 3/ 33,734 +1,871 + 3,601 31,690 Currency and coin 10.196 -1.223 + 842 10.196 Total reserves held 4/ 44,139 + 648 + 4,526 42,095 Required reserves "" 43,914 + 465 + 4,318 43,914 Excess reserves 4/ 225 + 183 + 208 - 1,819 Note: A net of $44 million of surplus reserves were eligible to be carried forward from the week ended May 14, into the week ending May 21. On May 21, 1980, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and International accounts were $73,643 million, an increase of $1,279 mil Hon for the week. 1/ Net of $953 million, dally average, matched sale-purchase transac tions outstanding during the latest statement week, of which $787 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. 2/ Net of $3,286 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which $2,120 million was with foreign official and international accounts. Includes $110 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 $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 $205 million, daily average, held by Money Market Mutual Funds and other financial intermediaries; $43 million daily s average, held by nonmember banks against managed liabilities. * Estimated (Chicago 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 dollars) Wednesday j Changesince t May 21, May 14, May 23, A S S E TS 1980 ** 1980 1979 • Gold certificate account „ 11,172 - 182 Special Drawing Rights certif. acct. * 2,968 — + 1,668 1 Coin 394 + 6 23 Loans 886 - 699 - 1,189 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 46,696 - 2,647 +10,706 Notes 57,425 - 748 + 2,963 Bonds 15.974 + 1.036 + 2.417 Total bought outright 2/ 120,095 - 2,359 +16,086 Held under repurchase agreements 1/ — -- Total U.S. Government securities 120,095 - 2.359 +16.086 Total loans and securities 129,858 - 3,058 +16,340 Cash items in process of collection 11,216 + 949 - 1,709 (1,577) 438 + 1 + 41 Bank premises 4,496 - 917 - 1.060 Other assets _3/ 160.542 - 3.019 +15,075 TOTAL ASSETS (1,577) ill ABILlIIIi Federal Reserve notes 112,791 49 + 9,744 Deposits: Reserve accounts: Member Banks 31,303 - 4,626 + 3,456 Edge Act Corporations 262 - 167 87 U.S. Agencies & Branches of Foreign Banks 125 8 + 125 Total 31,690 - 4,801 + 3,494 Special deposits—Credit Restraint Program 274 + 52 + 274 U.S. Treasury--general account 3,119 + 1,039 - 140 Foreign- official accounts 350 1 + 132 Other 254 2 39 Total deposits 35,687 - 3,713 + 3,721 Deferred availability cash items (1,577) 7,166 + 676 + 1,076 Other liabilities and accrued dividends 4/ 2.294 61 + 733 TOTAL LIABILITIES ""(1,577) 157,938 - 3,049 +15,274 C A P I T AL A C C O U N TS Capital paid in 1,164 + 1 + 47 Surplus 1,145 — + 67 Other capital accounts 295 + 29 - 313 * Figures in parentheses are the eliminations made in the consolidating process. ** Estimated (Chicago District). 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. If Net of $3,286 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $110 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 —wirhlv revaluation a£ nflTtet exchange rates of foreign exchange commitments. MATURITY DISTRIBUTION- OF LOANS AND SECURITIES. MAY 21, 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 •873 3,341 -7,878 83 +72 16 days to 90 days 13 26,727 +4,208 409 -72 91 days to 1 year 30,283 -2,995 1,592 — Over 1 year to 5 years 32,298 +2,247 4,778 — Over 5 years to 10 years 13,437 +1,364 1,271 — Over 10 years 14.009 + 695 744 — Total 886 120,095 -2,359 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 21, 1980 New Phila- Cleve- Rich St. Minne- Kansas San Total Boston York delphia land 1 mond Atlant„a_ _ Chicago* Louis apolis City Dallas Francisco. (In millions of dollars) A S S E TS Gold certificate account 11,172 917 3,024 1,010 807 961 665 1,322 465 225 501 472 803 Special Drawing Rights certif. acct. 2,968 151 784 143 236 270 93 485 124 50 131 156 345 Coin 394 28 26 16 41 42 38 25 31 14 47 27 59 Loans 886 99 2 723 — 6 1 4 1 5 29 12 4 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 46,696 2,133 12,138 2,028 3,528 3,835 1,692 7,338 1,876 834 2,188 2,771 6,335 Certificates „- — — — — — — -« -- ... -- -- Notes 57,425 2,624 14,927 2,493 4,338 4,717 2,081 9,023 2,307 1 ,026 2,691 3,408 7,790 Bonds 15,974 730 4,152 693 1,207 1,312 579 2,510 642 285 749 948 2,167 Total bought outright 2/ 120,095 5,487 31,217 5,214 9,073 9,864 4,352 18,871 4,825 2 ,145 5,628 7,127 16,292 Held under repurchase agreements 1/ — — — -- — — .. — — — — -- — Total U.S. Government securities 120,095 5,487 31,217 5,214 9,073 9,864 4,352 18,871 4,825 " 2 ,145 5,628 7,127 16,292 Total loans and securities 129,858 5,991 33,526 6,322 9,744 10,599 4,675 20,270 5,183 2 ,309 6,073 7,666 17,500* Cash items in process of collection 12,793 405 1,688 443 620 2,327 1,374 1,662 652 732 1,186 815 889 Bank premises 438 103 17 54 23 85 33 16 13 28 21 12 33 Other assets 3/ 4,496 152 1,276 176 343 279 321 593 139 106 187 249 675 Interdistrict settlement account -0- - 363 +3,698 -1,732 - 102 - 495 - 421 + 155 ~ 310 • 127 - 231 + 663 - 735 TOTAL 162,119 7,384 44,039 6,432 11,712 14,068 6,778 24,528 6,297 3 ,337 7,915 10,060 19,569 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 $3,286 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $110 million securities loaned—fully secured by U.S. Government securities. 3/ Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. * Estimated (Chicago District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON May 21, 198.Q 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 112,791 5,894 30,984 5,159 8,925 10,063 3,131 18,691 4,656 1,765 5,046 6,035 12,442 Deposits: Reserve Accounts JL/ 31,690 1,009 7,144 824 1,900 1,496 2,290 4,326 1,036 877 1,608 3,118 6,062 U.S. Treasury—general account 3,119 3,119 Foreign — official accounts 350 9 121 12 25 16 23 45 9 10 13 18 49 Other 2/ 528 25 296 20- 34 42 2 25 1 11 34 7 31 Total deposits 35,687 1,043 10,680 856 1,959 1,554 2,315 4,396 1,046 898 1,655 3,143 6,142 Deferred availability cash items 8,743 271 1,095 224 456 2,131 1,040 686 428 554 1,002 597 259 Other liabilities and accrued dividends 3/ 2,294 99 624 94 165 178 106 343 87 41 101 130 326 TOTAL LIABILITIES 159,515 7,307 43,383 6,333 11,505 13,926 6,592 24,116 6,217 3,258 7,804 9,905 19,169 CAPITAL ACCOUNTS Capital paid in 1,164 33 296 44 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 295 11 70 10 18 23 10 74 10 6 12 17 34 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 162,119 7,384 44,039 6,432 11,712 14,068 6,778 24,528 6,297 3,337 7,915 10,060 19,569 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 131,328 6,789 35,111 6,509 9,718 11,399 5,393 20,469 5,459 2,461 6,277 7,026 14,717 Collateral for F.R. notes: Gold certificate account 11,172 917 3,024 1,010 807 961 665 1,322 465 225 501 472 803 Special Drawing Rights certif. acct. 2,968 151 784 143 236 270 93 485 124 50 131 156 345 Eligible paper 145 99 2 2 -- 5 1 1 1 4 18 11 1 U.S. Govt, and Agency securities 117,043 5,622 31,301 5,354 8,675 10-, 16 3 4,634 18,661 4,869 2,182 5,627 6,387 13,568 Total collateral 131,328 6,789 35,111 6,509 9,718 11,399 5,393 20,469 5,459 2,461 6,277 7,026 14,717 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. * Estimated (Chicago District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis