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 20, 1980 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, June 18, June 11, June 20, June 18, and related items 1980 1980 1979 1980 Reserve Bank credit: (In millions of do1Lars) U.S. Government securities-- 1/ 2/ Bought outright--System account 120,059 -1,527 +14,282 121,542 Held under repurchase agreements 1,082 +1,082 - 1,193 437 Federal Agency obligations-- Bought outright 8,875 I + 1,432 8,875 Held under repurchase agreements 251 + 251 - 217 61 Acceptances— Bought outright Held under repurchase agreements 245 245 292 367 Loans-- Total member bank borrowing 396 - 5 928 798 Includes seasonal borrowing ofE:: 11 - 4 175 11 Other borrowing Float 3,804 » 548 - 2,186 5,039 Other F.R. assets 5,446 + 338 - 958 5,489 Total Reserve Bank credit 140,159 - 165 + 9,941 142,608 Gold Stock 11,172 -- 151 11,172 Special Drawing Rights certif. acct. 2,968 — + 1,168 2,968 Treasury currency outstanding 13,278 + 3 + 923 13,285 167,577 - 162 +11,881 170,033 Currency in circulation * 126,517 + 330 +10,647 126,752 Treasury cash holdings * 565 - 10 + 191 565 Treasury deposits with F.R. Banks 2,023 - 861 - 1,459 3,549 Foreign deposits with F.R. Banks 276 - 71 21 254 Other deposits with F.R. Banks 5/ 1,355 + 74 + 664 1,400 Other F.R. liabilities and capital 5,080 + 120 + 704 5,111 135,816 - 419 +10,727 137,631 Reserves: With Federal Reserve Banks 3/ 31,761 + 257 + 1,154 32,402 Currency and coin 11,413 + 157 + 1,546 11,413 Total reserves held 4/ 43,381 + 414 + 2,777 44,022 Required reserves 43,297 + 396 + 2,825 43,297 Excess reserves 4/ 84 + 18 48 725 Note: A net of $65 million of: surplus reserves were eligible to be carried forward from the week ended June 11, into the week ending June 18. On June 18, 1980, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and interna tional accounts were $79,749 million, an increase of $704 million for the week. y Net of $3,516 million, daily average, matched sale-purchase transactions outstanding during the lates.. statement week of which $2,21.0 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. Government securities. 2J Net of $2,033 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which $2,033 million was with foreign official and international accounts. Includes $55 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. 4/ 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 $723 million, daily average, held by Money Market Mutual Funds and other financial intermediaries; $11 million, :;;i'ly avoracv , held by nonnoir.ber banks against managed liabilities; $«3 million, daily average, held under the consumer credit restraint program. Estimated CTreas'ir-'' $ Fv-iir\;< 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 dollar s> Wednesday Change since June 18, June 11, June 20, A S S E TS 1980 1980 1979 Gold certificate account 11,172 -- 151 Special Drawing Rights certif. acct. * 2,968 -- + 1,168 Coin 397 + 7 + 12 Loans 798 + 469 - 1,131 Acceptances-- Bought outright Held under repurchase agreements 367 + 367 + 151 Federal Agency obligations—Bought outright 8,875 -- + 1,114 Held under repurchase agreements 1/ 61 + 61 + 44 U.S. Government securities: Bought outright--Bills 48,143 - 643 +12,275 Certificates Notes 57,425 \ — 4- 2,920 Bonds 15,974 — + 2,417 Total bought outright 2/ 121,542 . 643 +17,612 Held under repurchase agreements U 437 + 437 - 755 Total U.S. Government securities 121,979 - 206 +16,857 Total loans and securities 132,080 + 691 +17,035 Cash items in process of collection (2,553) 11,401 +1 ,848 - 4,304 Bank premises 451 + 7 + 52 Other assets 3/ 5,038 + 298 - 1,235 TOTAL ASSETS (2,553) 163,507 +2 ^851 +12,577 L A B I L I T I ES Federal Reserve notes 114,429 69 + 9,960 Deposits: Reserve accounts: Member Banks 31,934 +1,831 + 963 Edge Act Corporations 430 8 + 81 U.S. Agencies & Branches of Foreign Banks 38 - 102 + 38 Total 32,402 +ls721 + 1,082 Special deposits--Credit Restraint Program 870 -h 76 + 870 U.S. Treasury—general account 3,549 + 579 + 650 Foreign — official accounts 254 - 61 - 40 Other 530 - 24 + 194 Total deposits 37,605 +2,291 + 2,756 Deferred availability cash items (2,553) 6,362 + 388 - 904 Other liabilities and accrued dividends 4/ 2,548 + 260 + 953 TOTAL LIABILITIES (2,553) 160,944 +2,870 +12,765 £AP IT AL A C C O U N TS Capital paid in 1,169 + 5 + 43 Surplus 1,145 — + 67 Other capital accounts 249 - 24 - 298 * Figures in parentheses are the eliminations made in the consolidating process. JY 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 $2,033 million matched sale-purchase transactions outstanding at the *" end of the latest statement week. Includes $55 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 18, 1980 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 daya In accordance with maximum maturity of the agreements.) U.S. Government Federal Agency Loans Accept secur Lties obligations ances Holdings (Weekly Holdings Weekly Ichanges changes Within 15 days 795 36 7 6,996 + 916 185 +185 16 days to 90 days 25,275 - 67 581 + 67 91 days to 1 year 30,101 -1,055 1,486 -191 Over 1 year to 5 years 32,161 -- 4,675 -- Over 5 years to 11 years lj-,^7 -_ 1,265 — Over 10 years 14,'"''.'9 „. 774444 _- Total 798 367 121,979 - 206 88,,993366 + 61 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 is, 1980 JUNE New Phila Cleve Rich St. Minne Kansas San Total Boston York delphia land mond Atlanta Chicago Louis apolis Citv Dallas Francisco (In millions of dollars) A S S E TS Gold certificate account 11,172 1,057 3,024 1,01-0 737 961 665 1,252 465 225 501 472 803 Special Drawing Rights certif. acct. 2,968 151 784 143 236 270 93 485 124 50 131 156 345 Coin 397 25 23 17 40 45 41 21 30 16 48 28 63 Loans 798 12 550 99 1 8 -- 2 2 101 19 2 2 Acceptances: Bought outright Held under repurchase agreements 367 367 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/ 61 61 U.S Government: securities: 4 Bought outright — Bills 48,143 2,200 12,514 2,090 3,637 3,954 1,744 7,565 1,934 860 2,256 2,858 6,531 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 Bonds 15,974 730 4,152 693 1,207 1,312 579 2,510 642 285 749 948 2,167 Total bought outright 2/ 121,542 5,553 31,593 5,277 9,182 9,983 4,404 19,098 4,883 2 ,171 5,696 7,214 16,488 Held under repurchase agreements 1/ 437 437 Total U.S. Government securities 121,979 5,553 32,030 5,277 9,182 9,983 4,404 19,098 4,883 2 .171.. 5,696 7,214 16,488 Total loans and securities 132,080 5,970 35,315 5,761 9,853 10,720 4,726 20,494 5,242 2 ,431 6,131 7,743 17,694 Cash items in process of collection 13,954 372 1,557 498 738 2,563 1,976 1,831 709 779 1,193 1,058 680 Bank premises 451 104 17 53 24 96 33 16 13 28 21 12 34 Other assets 3/ 5,038 178 1,471 195 350 311 311 673 165 115 208 280 781 Interdistrict settlement account -0- - 827 +4,738 -1,351 + 111 - 389 - 516 - 837 - 509 259 - 51 + 218 - 328 TOTAL 166,060 7,030 46,929 6,326 12,089 14,577 7,329 23,935 6,239 3 ,385 8,182 9,967 20,072 17 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 $2 033 million matched sale-purchase transactions outstanding at the end of the latest statement weak. Includes $55 million securities loaned—fully 3 secured by U.S. Government securities. 37 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 18, 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 114,429 5,958 31,521 5,153 9,029 10,223 3,390 18,729 4,662 1,778 5,157 6,144 12,685 Deposits: Reserve Accounts \J 32,402 546 8,831 599 2,107 1,684 2,388 3,672 896 974 1,679 2,837 6,189 U.S. Treasury—general account 3,549 3,549 Foreign- official accounts 254 8 56 10 22 14 20 39 8 8 11 16 42 Other 2/ 1,400 104 906 58 36 63 8 59 5 10 64 20 67 Total deposits 37,605 658 13,342 667 2,165 1,761 2,416 3,770 909 992 1,754 2,873 6,298 Deferred availability cash items 8,915 248 448 319 537 2,288 1,213 740 500 496 1,068 675 383 Other liabilities and accrued dividends 3/ 2,548 91 964 89 152 164 123 317 88 41 93 120 306 TOTAL LIABILITIES 163,497 6,955 46,275 6,228 11,883 14,436 7,142 23,556 6,159 3,307 8,072 9,812 19,672 CAPITAL ACCOUNTS Capital paid in 1,169 ! 33 296 44 94 61 90 174 35 37 50 71 184 Surplus 1,145 33 290 45 95 58 87 168 35 36 49 67 182 Other capital accounts 249 9 68 9 17 22 10 37 10 5 11 17 34 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 166,060 7,030 46,929 6,326 12,089 14,577 7,329 23,935 6,239 3,385 8,182 9,967 20,072 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 132,144 7,066 35,386 6,423 9,793 11,492 5,456 20,372 5,485 2,433 6,368 7,082 14,788 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. acct. 2,968 151 784 143 236 270 93 485 124 50 131 156 345 Eligible paper 578 2 550 — 1 7 -- -- 2 1 11 2 2 U.S. Govt, and Agency Securities 117,426 5,856 31,028 5,270 8,819 10,254 4,698 18,635 4,894 2,157 5,725 6,452 13,638 Total collateral 132,144 7,066 35,386 6,423 9,793 11,492 5,456 20,372 5,485 2,433 6,368 7,082 14,788 . 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 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