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 13, 1980 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, June 11, June 4, June 13, June 11, and related items 1980 19fi0 1980 Reserve Bank credit: (In millions of dollars) U.S. Government securities-- 1/ Bought outright—System account 121,586 + 403 +15,562 F 122,185 Held under repurchase agreements -2,009 -*» Federal Agency obligations— Bought outright 8,876 - 1 + 1,467 8,875 Held under repurchase agreements - 377 Acceptances-- Bought outright Held under repurchase agreements - 376 Loans— Total member bank borrowing 401 58 898 329 Includes seasonal borrowing of: 15 6 166 11 Other borrowing Float 4,362 378 - 2,667 3,579 Other F.R. assets 5,108 19 - 1,205 5,184 Total Reserve Bank credit 140,334 -2,019 +12,261 140,152 Gold Stock 11,172 151 11,172 Special Drawing Rights certif. acct. 2,968 + 1,168 2,968 Treasury currency outstanding 13,275 + 960 13,275 167,749 -2,016 +14,238 167,567 Currency in circulation * 126,187 I- 463 +10,335 126,808 Treasury cash holdings * 575 + 203 575 Treasury deposits with F.R. Banks 2,884 -1,002 564 2,970 Foreign deposits with F.R. Banks 347 - 103 + 102 315 Other deposits with F.R. Banks 5/ 1,281 + 651 1,348 Other F,R. liabilities and capital 4,960 39 + 827 4,870 136,235 - 659 +11,555 136,886 Reserves: With Federal Reserve Banks 37 31,514 -1,357 + 2,683 30,681 Currency and coin 11,256 + 160 + 890 11,256 Total reserves held 4/ 42,9 77 -1,197 + 3,650 42,144 Required reserves 42,901 - 848 + 3,652 42,901 Excess reserves 4/ 76 - 349 2 757 Note: A net of $195 million of surplus reserves were eligible to be carried forward from the week ended June 4, into the week ending June 11. On June II, 1980, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $79,045 million, an increase of $2,333 million for the week. 1/ Net of $1,988 million, daily averse, matched sale-puichase transactions outstanding during th«> latest statement week of which $1,354 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. Government securities. 2/ Net of $1,389 million matched sale-purchase transactions outstanding ar the end of the latest statement week, of which 1/J89 mjilion was with foreign official and international accounts. Indues $128 million securities loaned — fully secured by U.S. Government securities. 3/ Includes reserves of Member Banks, ttdgo '.ct 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 $609 Million, daily average, held by Money Market Mutual Funds and other financial intermediaries; $30 million, daily average, held by nonmember banks against managed liabilities; $83 million, daiiv average held under the consumer credit restraint program,v. 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 June 11, June 4, June 13, A S S E TS 1980 1980 1979 Gold certificate account 11,172 -- 151 Special Drawing Rights certif. acct. * 2,968 -- + 1,168 Coin 390 + 6 7 Loans 329 + 77 - 652 Acceptances-- Bought outright _._ _. Held under repurchase agreements - 467 Federal Agency obligations--Bought outright 8,875 2 + 1,485 Held under repurchase agreements .1/ -- - 393 -- U.S. Government securities: Bought outright—Bills 48,786 +1,612 +13,665 Notes 57,425 -- + 2,963 Bonds 15,974 -- + 2,417 Total bought outright 2/ 122,185 +1,612 +19,045 Held under repurchase agreements - 936 Total U.S. Government securities 122,185 676 +19,045 Total loans and securities 131,389 - 109 +19,878 Cash items in process of collection (1,932) 9,553 -2.,297 - 5,544 Bank premises 444 6 + 47 Other assets __V 4,740 + 79 - 1,346 TOTAL ASSETS (1,932) 160,656 -2^327 +14,045 LI_ABI_LI.TI.ES Federal Reserve notes 114,498 + 582 + 9,797 Deposits: Reserve accounts: Member Banks 30,103 -2,017 + 3,411 Edge Act Corporations 438 + 131 + 173 U.S. Agencies & Branches of Foreign Banks 140 + 6 + 140 Total 30,681 -1,880 + 3,724 Special deposits--Credit Restraint Program 794 + 121 + 794 U.S. Treasury--general account 2,970 - 367 - 310 Foreign — official accounts 315 - 202 + 107 Other 554 - 87 + 224 Total deposits 35,314 -2,415 + 4,539 Deferred availability cash items (1,932) 5,974 - 480 801 Other liabilities and accrued dividends 4/ 2,288 - 4 + 496 TOTAL LIABILITIES (1,932) 158,074 -2,317 +14,031 £ A P I_ T A L A C C O U N TS Capital paid in 1,164 -- + 36 Surplus 1,145 — + 67 Other capital accounts 273 10 - 89 * 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 $li530 million was outstanding at the end of the latest statement week. 2/ Net of $1,389 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $128 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. JUNE 11, 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 321 6,080 + 1 ,495 -- -496 16 days to 90 days 8 25,342 - 781 514 + 1 91 days to 1 year 31,156 - 38 1,677 + 89 Over 1 year to 5 years 32,161 -- 4,675 + 5 Over 5 years to 10 years 13,437 -- 1,265 + 6 Over 10 years 14,009 -- 744 — Total 329 122,1.85 676 8,875 -395 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 11, 1980 New Phila- Cleve- Rich- St. Minne- Kansas San Total Boston York delphia land mond Atlanta Chicago Louis apolis Cttv Dallas Francisco (In millions of dollars) A S S E TS Gold certificate account 11,172 1,057 3,024 1,010 737 961 665 1,252 465 225 501 472 803 Special Drawing Rights certif. acct. 2,968 • 151 784 143 236 270 93 485 124 131 156 345 50 Coin 390 26 24 16 39 44 39 23 29 48 28 60 14 Loans 329 2 315 2 7 1 Acceptances: 1 Bought outright Held under repurchase agreements Federal Agency obligations-- Bought outright 8,875 405 2,307 385 670 729 322 1,394 357 159 416 527 1,204 Held under repurchase agreements 1/ U.S. Government securities: Bought outright-- Bills 48,786 2,229 12,681 2,118 3,686 4,007 1,768 7,666 1,960 871 2,286 2,896 6,61S Certificates Notes 59,425 2,623 14,927 2,494 4,338 4,717 2,081 9,023 2,307 1,026 2,691 3,408 7,790 Bonds 15,974 730 4,152 693 1,207 1,312 579 2,510 642 285 749 948 2,167 Total bought outright 2/ 122,185 5,582 31,760 5,305 9,231 10,036 4,428 19,199 4,909 2,182 5,726 7,252 16,575 Held under repurchase agreements 17 Total U.S. Government securities 122,185 5,_582 31,760 5,305 _ _9_,_2 31 10,036 4,428 19,199 4^09 2,182 5,726 7 L 252_ 16,575 Total loans and securities 131,389 5,989 34,067 6,005 9,901 10,767 4,750 20,593 5,266 2,342 6,149 7,780 17,780 Cash items in process of collection 11,485 375 1,296 320 601 2,237 1,592 1,329 507 867 1,080 771 510 Bank premises 444 104 17 53 24 89 34 16 13 28 21 12 33 Other assets \l 4,740 165 1,341 191 340 308 316 656 151 114 200 269 689 Interdistrict settlement account -0- - 653 +6,559 296 - 371 - 683 - 942 + 151 - 470 - 461 - 420 16 -1,398 TOTAL 162,588 7,214 47,112 6,442 11.507 13,993 6,547 24,505 6,085 3,179 7,710 9,472 18,822 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 $1,530 miLlion was outstanding at the end of the latest statement week. 2/ Net of $1,389 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $128 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 June 11, 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 114,498 6,001 31,552 5,212 9,098 10,217 3,114 18,869 4,705 1,789 5,123 6,117 12,701 Deposits: Reserve Accounts 1/ 30,681 691 9,466 729 1,571 1,343 2,147 4,271 817 788 1,348 2,496 5,014 U.S. Treasury—general account 2,970 2,970 -r Foreign - Official Accounts 315 8 116 10 22 14 20 39 8 9 11 16 42 Other 2/ 1,348 96 849 66 37 67 8 57 6 10 58 19 75 Total deposits 35,314 795 13,401 805 1,630 1,424 2,175 4,367 831 807 1,417 2,531 5,131 Deferred availability cash items 7,906 247 789 237 416 2,041 974 566 386 464 962 544 280 Other liabilities and accrued dividends 3/ 2,288 94 712 89 155 169 97 324 82 40 96 123 307 TOTAL LIABILITIES 160,006 7,137 46,454 6,343 11,299 13,851 6,360 24,126 6,004 3,100 7,598 9,315 18,419 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 1 273 11 72 10 19 23 11 41 11 6 13 19 37 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 162,588 7,214 47,112 6,442 11,507 13,993 6,547 24,505 6,085 3,179 7,710 9,472 18,822 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 131,675 6,951 35,359 6,475 9,794 11,430 5,186 20,383 5,509 2,446 6,342 7,046 14,734 Collateral for F.R. notes: Gold certificate account 11,172 1,057 3,024 1,010 737 961 665 1,252 465 225 501 472 803 Special Drawing Rights certif. accL. 2,968 151 784 143 236 270 93 485 124 50 131 156 345 Eligible paper 9 2 1 1 , 1 3 1 U.S. Gov't, and Agency Securities 117,526 5,741 31,551 5,321 8,821 10,198 4,428 18,646 4,920 2,170 5,707 6,417 13,606 Total collateral 131,675 6,951 35,359 6,475 9,794 11,430 5,186 20,383 5,509 2,446 6,342 7,046 14,754 \J 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 under the consumer credit restraint program. _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