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 June 6, 1980 Averages of daily figures Member bank reserves, Week ended Change from week ended 'Wednesday Reserve Bank credit, June 4, May 28, June 6, June 4, and related items 1980 JLWL 1979 • 1980 Reserve Bank credit: (In millions of dollars U.S. B ou G g o h v t e rn o m u e t n r t i g s h e t c — u S r y i s t t i e e m s -- account y 121,183 +1,058 +17,145 p 2 ' / 1 ' 2 0,573 Held under repurchase agreements 2,009 +1,283 + 1,865 936 Federal Agency obligations-- Bought outright 8,877 1,454 8,877 Held under repurchase agreements 377 166 362 393 Acceptances-- Bought outright Held under repurchase agreements 376 + 257 370 467 Loans— Total member bank borrowing 459 - 664 881 252 Includes seasonal borrowing of: 21 8 172 16 Other borrowing Float 4,016 + 484 - 3,637 5,396 Other F.R. assets 5,089 + 180 - 1,379 5,111 Total Reserve Bank credit 142,385 +2,762 +15,298 142,005 Gold Stock 11,172 — 178 11,172 Special Drawing Rights certif, acct. 2,968 -- + 1,168 2,968 Treasury currency outstanding 13,272 + 5 + 973 13,275 169,797 +2,767 +17,261 169,420 Currency in circulation * 125,724 + 537 +10,381 126,232 Treasury cash holdings * 575 + 9 + 216 575 Treasury deposits with F.R. Banks 3,886 +1,272 + 1,490 3,337 Foreign deposits with F.R. Banks 450 + 95 + 156 517 Other deposits with F.R. Banks 5/ 1,260 + 482 + 536 1,314 Other F.R. liabilities and capital 4,999 - 44 + 960 4,884 136,894 +2,350 +13,739 136,859 Reserves: With Federal Reserve Banks 3/ 32,903 + 417 + 3,520 32,561 Currency and coin 11,096 + 172 + 943 1 11,096 Total reserves held 4/ 44,206 + 587 + 4,541 43,864 Required reserves 43,749 + 135 + 4,444 43,749 Excess reserves 4/ 457 + 452 + 97 115 Note: A net of $28 million of deficit reserves were eligible to be carried forward from the week ended May 28, into the week ending June 4. On June 4, 1980, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $76,712 million, an increase of $1,835 million for the week. 1/ Net of $2,252 million, daily average, matched sale-purchase transactions outstanding during the latest statement week of which $2,152 million was with foreign official and international accounts. Includes securities loaned — fully secured by U.S. Government securities. V Net of $2,906 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which $2,208 million was with foreign official and international accounts. Includes $99 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. y Adjusted to include $207 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 $485 million, daily average, held by Money Market Mutual Funds and other financial intermediaries; $35 million, daily average, held by nonmember banks against managed liabilities; $83 million, daily average held in conjunction with Covered Consumer Credit reports. 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 RESIRVE BANKS (In millions of dollars') Wednesday ! Change since June 4, May 28, June 6, A S S £ T S, iQftO 1980 1979 Cold certificate account 11,172 -- 153 Special Drawing Rights certif. acct. * 2.968 -- + 1,168 Coin 384 + 1 12 Loans 252 -2, 148 - 1,331 Acceptances-- Bought outright _ Held under repurchase agreements 467 145 + 424 Federal Agency obligations--Bought outright 8,877 -- + 1,454 Held under repurchase agreements \f 393 - 531 + 288 U.S. Government securities: Bought outright—Bills 47,174 „ 627 +14,434 Notes 57,425 -- + 2,963 Bonds 15,974 -- + 2,417 Total bought outright 2/ 120,573 - 627 +19,814 Held under repurchase agreements 1/ 936 -2,066 68 Total U.S. Government securities 121,509 --22,,669933 +19,746 Total loans and securities 131,498 --55,,551177 +20,581 Cash items in process of collection (5,855> 11,850 + 264 - 2,134 Bank premises 450 + 5 + 54 Other assets _3/ 4,661 + 42 - 1,524 TOTAL ASSETS (5,855) 162,983 -5,205 +17,980 LIABJ_LI_TI_Ej> 113,916 + 294 + 9,495 Federal Reserve notes Deposits: Reserve accounts: 32,120 -5,071 + 8,272 Member Banks 307 - 138 + 136 Edge Act Corporations 134 + 7 + 134 U.S. Agencies & Branches of Foreign Banks 32,561 -5,202 + 8,542 Total Special deposits—Credit Restraint Program 673 + 118 + 673 U.S. Treasury — general account 3,337 +1,040 -1,425 Foreign - official accounts 517 + 134 + 222 Other (3,373) 641 + 33 + 280 Total deposits 37,729 -3,877 + 8,292 (3,373) 6,454 -1,527 - 697 Deferred availability cash items (2,482) 2,292 - 115 + 691 Other liabilities and accrued dividends ^ 160,391 •5,225 +17,781 TOTAL. LIABILITIES (5,855) C A P I T AL A C C O U N TS __ Capital paid in 1,164 + 38 Surplus 1,145 — + 67 Other capital accounts 283 + 20 + 94 * Figures in parentheses are the eliminations made in the consolidating process. l_/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 $^906 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $99 million securities loaned--fully secured by U.S. Government securities. ^/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 SF.ClCITIES, June 4, 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 i Holdings Weekly changes| changes! Within 15 days 244 467 4585 -2038 496 -603 16 days to 90 days 8 26123 - 420 513 + 96 91 days to 1 year 31194 - 98 1588 - 24 Over 1 year to 5 years 32161 - .37 4670 Over 5 years to 10 years 13437 -- 1259 Over 10 years 14009 -- 744 Total 252 467 121509 -2693 9270 -531 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 JUNE 4, 1980 New Fhila- Cleve- Rich- St. Minne- Kansas San Total ! Bo8ton York delphla land 1 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 384 25 26 15 39 42 38 22 30 14 46 28 59 Loans 252 3 -- 215 .. 1 6 1 .. 2 21 2 1 Acceptances: Bought outright -- — — -- — — — -- — -- -- — -- Held under repurchase agreements 467 — 467 -- — — — — — -- -- -- -- 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/ 393 — 393 — -- — -- -- -- — -- « -- U.S. Government securities: Bought outright— Bills 47,174 2,155 12,262 2,048 3,564 3,875 1,709 7,413 1,896 843 2,210 2,800 6,399 Certificates -- — — — — — — — — — -- — — Notes 57,425 2,623 14,927 2,494 4,338 4,717 2,081 9,023 2,307 1,026 2,691 3,408 7,790 Bond 8 15,974 730 4,152 693 1,207 1.312 579 2.510 642 285 749 948 2,167 Total bought outright 2/ 120,573 5,508 31,341 5,235 9,109 9,904 4,369 18,946 4,845 2,154 5,650 7,156 16,356 Held under repurchase agreements 1/ 936 — 936 — — — — — -- — — — — Total U.S. Government securities 121,509 5.508 32.277 5,235 9.109 9,904 4.369 18.946 4.845 2.154 5.650 7,156 16.356 Total loans and securities 113311,,449988 55,,991166 3355,,444444 55,,883355 99,,778800 1100,,663344 44,,669977 2200,,334422 55,,220022 22,,331155 66,,008877 77,,668855 1^,561 Cash items in process of collection 1177,,770055 666600 33,,880044 556688 993377 22,,885555 11,,887788 22,,226633 668899 884433 11,,222255 11,,110044 879 Bank premises 450 104 17 53 24 96 33 16 13 28 21 12 33 Other assets 3/ 4,661 163 1,325 188 332 293 271 644 146 114 197 286 702 Interdistrict settlement account -0- - 500 4-4,207 -1.236 6 - 694 +2.367 -1.552 - 485 - 354 - 320 + 243 -1,670 TOTAL 168,838 7,436 48,631 6,576 12,149 14,457 10,042 23,542 6,184 3,235 7,888 9,986 18,712 V Does not include U.S. Government and Federal Agency aecurlties 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 $2,906 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $99 million securities loaned—fully secured by U.S. Government securities. 2/ Includes assets denominated in foreign currencies, revalued monthly. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON June 4, 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 113,916 5,962 31,391 5,191 9,042 10,166 3,090 18,784 4,684 1,776 5,101 6,084 12,645 Deposits: Reserve Accounts _1/ 32,561 928 10,568 871 2,236 1,624 2,098 3,202 894 736 1,461 3,033 4,910 U.S. Treasury—general account 3,337 3,337 Foreign 517 11 231 15 32 20 29 56 11 12 16 23 61 Other 2/ 4.687 77 804 65 38 60 3,382 52 6 60 58 16 69 Total deposits 41,102 1,016 14,940 951 2,306 1,704 5,509 3,310 911 808 1,535 3,072 5,040 Deferred availability cash items 8,936 285 971 241 433 2,270 1,154 733 424 530 1,042 545 308 Other liabilities and accrued dividends 3/ 2,292 96 662 94 160 174 101 334 85 41 99 128 318 TOTAL LIABILITIES 166,246 7,359 47,964 6,477 11,941 14,314 9,854 23,161 6,104 3,155 7,777 9,829 18,311 CAPITAL ACCOUNTS Capital paid in 1,164 33 296 44 94 61 89 170 35 37 50 71 184 Surplus 1,145 i 33 290 45 95 58 87 168 35 36 49 67 I IS 2 Other capital accounts 283 11 81 10 19 24 12 43 10 7 12 19 35 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 168,838 7,436 48,631 6,576 12,149 14,457 10,042 23,542 6,184 3,235 7,888 9,986 18,712 FEDERAL RESERVE AGENTS1 ACCOUNTS F.R. notes outstanding 131,508 6,841 35,375 6,488 9,752 11,372 5,263 20,409 5.489 2,451 6,321 7,058 14,669 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 29 3 — •-I -- 1 6 -- -- 2 14 2 -- U.S. Govt, and Agency Securities 117,339 5,770 31,567 5,334 8,709 10,140 4,499 18,602 4,900 2,174 5,675 6,428 13,541 Total collateral 131,508 6,841 35,375 6,488 9,752 11,372 5,263 20,409 5,489 2,451 6,321 7,058 14,689 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, by nonmember banks against managed liabilities and in conjunction with the Covered Consumer Credit reports ^/ 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