H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and .f*uS£^ Condition Statement of F.R. Banks H.4.1 For immediate release May 30, 1980 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, May 28, May 21, I May 30, May 28, and related items 1980*- . 1980 __ 1980* Reserve Bank credit: (In millions of dollars) U.S. Government securities— 1/ 2/ Bought outright—System account 120,125 -2,170 +14,362 -121,200 Held under repurchase agreements 726 + 726 + 489 3,002 Federal Agency obligations-- Bought outright 8,877 1,452 8,877 Held under repurchase agreements 211 211 168 924 Acceptances— Bought outright Held under repurchase agreements 119 + 119 28 612 Loans--• Total member bank borrowing 1,123 + 284 - 1,204 ! 2,400 Includes seasonal borrowing of: 29 12 169 42 Other borrowing Float 3,534 - 341 - 2,393 3,605 Other F.R. assets 4,909 + 171 - 1,855 5,064 Total Reserve Bank credit 139,625 - 999 +11,047 145,684 Gold Stock 11,172 182 11,172 Special Drawing Rights certif. acct. 2,968 + 1,239 2,968 Treasury currency outstanding 13,267 + 1,011 13,271 167,032 - 993 +13,116 173,095 Currency in circulation 125,158 + 422 +10,468 125,915 Treasury cash holdings 595 + 5 + 230 595 Treasury deposits with F.R. Banks 2,614 - 406 302 2,297 Foreign deposits with F.R. Banks 355 + 27 + 43 383 Other deposits with F.R. Banks 5/ 778 + 255 - 653 1,163 Other F.R. liabilities and capital 5,043 23 + 503 4,979 134,544 + 280 +10,291 135,332 Reserves: With Federal Reserve Banks 3/ 32,488 -1,274 + 2,825 37,763 Currency and coin 10,924 + 728 + 945 10,924 Total reserves held 4/ 43,621 - 546 + 3,850 J 48,896 Required reserves 43,614 - 300 + 4,026 43,614 Excess reserves 4/ 7 - 246 176 5,282 Note: A net of $146 million of surplus reserves were eligible to be carried forward from the week ended May 21, into the week ending May 28. On May 28, 1980, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $74,877 million, an increase of $1,234 million for the week. U Net of $3,302 million, daily average, matched sale-purchase transactions outstanding during the latest statement week of which $2,034 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. 2/ Net of $2,227 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which $2,227 million was with foreign official and international accounts. Includes $116 million securities loaned—fully secured by U.S. Government securities. 1/ Includes reserves of Member Banks, Edge Act Corporations and U.S. Agencies and Branches of Foreign Banks. £/ Adjusted to include $209 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. 5/ Includes special deposits under the credit restraint program of $289 million, daily average, held by Money Market Mutual Funds and other financial intermediaries; $42 million, daily average, held by nonmember banks against managed liabilities; $80 million, daily average held in conjunc tion with Covered Consumer Credit reports. Estimated (St. Louis 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 Change since May 28, May 21, May 30, ASSETS. 1980** 1980 1979 Gold' certificate account 11,172 .- 182 Special Drawing Rights certify acct. * 2,968 ... + 1,168 Coin 383 - 11 29 Loans 2,400 + 1,514 - 1,068 Acceptances-- Bought outright Held under repurchase agreements 612 + 612 + 293 Federal Agency obligations--Bought outright 8,877 — + 1,454 Held under repurchase agreements 1/ 924 + 924 + 773 U.S. Government securities: Bought outright—Bills 47,801 + 1,105 + 8,949 Notes 57,425 -- + 2,963 Bonds 15,974 — + 2,417 Total bought outright 2/ 121,200 + 1,105 +14,329 Held under repurchase agreements 1/ 3,002 + 3,002 + 2,172 Total U.S. Government securities 124,202 + 4,107 4-16,501 Total loans and securities 137,015 + 7,157 +17,953 Cash items in process of co llection (2,746) 11,556 + 463 - 3,814 Bank premises 445 + 7 + 50 Other assets 3/ 4,619 + 112 - 1,329 TOTAL ASSETS (2,746) 168,158 + 7,728 +13,817 LXAB_XLI_TI_E_S Federal Reserve notes 113,622 831 + 9,771 Deposits: Reserve accounts: Member Banks 37,191 + 5 ,888 + 4,563 Edge Act Corporations 445 + 183 + 158 127 + 2 + 127 U.S. Agencies & Branches of Foreign Banks Total 37,763 + 6 ,073 + 4,848 Special deposits--Credit Restraint Program 555 + 281 + 555 U.S. Treasury--general account 2,297 - 822 146 Foreign —official accounts 383 + 33 + 49 Other 608 + 354 + 160 Total deposits 41,606 + 5,919 + 5,466 Deferred availability cash items (2,746) 7,951 + 866 - 1,729 Other liabilities and accrued dividends 4/ 2,407 + 113 + 688 TOTAL LIABILITIES (2,746) 165,586 + 7,729 +14,196 £ A P I T A L A C C O U N T S, Capital paid in 1,164 + 41 Surplus 1,145 + 67 Other capital accounts 263 1 - 487 * Figures in parentheses are the eliminations made in the consolidating process. ** Estimated (St. Louis 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. 2/ Net of $2,227 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $116 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 28, 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 2,395 612 6,623 +3,282 1,099 + 1,016 16 days to 90 days 5 26,543 - 184 417 + 8 91 days to 1 year 31,292 +1,009 1,612 + 20 Over 1 year to 5 years 32,298 — 4,670 - 108 Over 5 years to 10 years 13,437 — 1,259 12 Over 10 years 14,009 — 744 — Total 2,400 612 124,202 +4,107 9,801 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 ^y 28, 1980 New Phila- Cleve- Rich- St. Minne- Kansas San Total Boston York delohia land J mond Atlanta 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 383 27 26 15 40 41 37 23 30 15 . 47 27 55 Loans 2,400 26 336 935 1 7 3 675 1 65 37 25 289 Acceptances: Bought outright — — — -- — — — — — — — ~ -- Held under repurchase agreements 612 — 612 — — -- — — — — — — — 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/ 924 — 924 -- — — — — — -- — -- — U.S. Government securities: Bought outright— Bills 47,801 2,183 12,425 2,076 3,612 3,926 1,732 7,511 1,921 854 2,240 2,837 6,484 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/ 121,200 5,537 31,504 5,262 9,157 9,955 4,392 19,044 4,870 2 ,165 5,680 7,193 16,441 Held under repurchase agreements 1/ 3,002 — 3,002 — -- — -- — -- -- — -- -- Total U.S. Government securities 124,202 5,537 34,506 5,262 9,157 9,955 4,392 19,044 4,870 2 ,165 5.680 7,193 16,441 Total loans and securities 137,015 5,968 38,685 6,582 9,829 10,691 4,717 21,114 5,228 2 ,389 6,133 7,745 17,934 Cash items in process of collection 14,302 508 1,710 413 680 2,963 1,911 1,589 722 775 1,441 1,078 512 Bank premises 445 104 17 54 23 91 33 16 13 28 21 12 33 Other assets 2/ 4,619 157 1,335 287 330 282 265 618 143 111 190 252 649 Interdistrict settlement account -0- + 435 +1,377 -1,810 - 352 - 227 - 644 +1,837 - 325 - 194 - 221 + 575 - 451 TOTAL 170,904 8,267 46,958 6,694 11,593 15,072 7,077 27,004 6,400 3 ,399 8,243 10,317 19,880 J7 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 $2,227 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $116 million securities loaned—fully secured by U.S. Government securities. 3/ Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. * Estimated (St. Louis District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MAY 28, 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 113,622 5,937 31,261 5,184 8,976 10,178 3,123 18,778 4,673 1,777 5,076 6,047 12,612 Deposits: Reserve Accounts J./ 37,763 1,699 9,911 990 1,602 1,728 2,209 6,719 1,081 911 1,607 3,209 6,097 U.S. Treasury—general account 2,297 2,297 Foreign--Official Accounts 383 9 154 12 25 16 23 45 9 10 13 18 49 Other 2/ 1,163 49 747 46 42 52 9 51 15 10 60 13 69 Total deposits 41,606 1,757 13,109 1,048 1,669 1,796 2,241 6,815 1,105 931 1,680 3,240 6,215 Deferred availability cash items 10,697 395 1,218 266 574 2,775 1,422 688 454 567 1,274 742 322 Other liabilities and accrued dividends 3/ 2,407 101 716 96 166 181 105 345 88 45 102 133 329 TOTAL LIABILITIES 168,332 8,190 46,304 6,594 11,385 14,930 6,891 26,626 6,320 3,320 8,132 10,162 19,478 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 , 263 11 68 11 19 23 10 40 10 6 12 17 36 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 170,904! 8,267 46,958 6,694 11,593 15,072 7,077 27,004 6,400 3,399 8,243 10,317 19,880 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 131,380 6 ,794 35,305 6,492 9,738, 11,382 5,314 20,431 5,474 2,456 6,264 7,022 14,708 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 435 20 336 9 1 5 3 2 1 4 27 23 4 U.S. Govt, arid Agency Securities 116^80511 5,, 706 31,161 5,330 8,694 10,146 4,553 18,622 4,884 2,177 5,605 6,371 13,556 Total collateral 131,380 6 ,794 35,305 6,492 9,738 11,382 5,314 20,431 5,474 2,456 6,264 7,022 14,708 U 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, by nonmember banks against managed liabilities and in conjunction with the Covered Consumer Credit reports. _3/ Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. * Estimated (St. Louis District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis