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 rele June 27, 1980 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, June 25, June 18, j June 27, June 25, and related items 1980 1980 1979 1980 Reserve Bank credit: Tin millions of dollars) U.S. Government securities-- Bought outright—System account 1/ 122,003 +1,944 +14,791 P 119,841 Held under repurchase agreements 732 - 350 + 240 Federal Agency obligations-- Bought outright 8,875 + 1,114 8,875 Held under repurchase agreements 88 163 - 96 Acceptances-- Bought outright Held under repurchase agreements 163 82 22 Loans— Total member bank borrowing 318 - 78 - 1,268 364 Includes seasonal borrowing of: 8 - 3 186 7 Other borrowing Float 3,921 + 63 - 1,979 4,483 Other F.R. assets 5,522 + 76 - 673 5,715 Total Reserve Bank credit 141,623 +1 ,410 +12,109 139,278 Gold Stock 11,172 — 151 11,172 Special Drawing Rights certif. acct. 3,011 + 43 + 1,211 3,018 Treasury currency outstanding 13,285 + 7 + 882 13,285 169,090 +1, 459 +14,050 166,753 Currency in circulation 126,288 _ 229 +10,451 126,740 Treasury cash holdings 560 - 5 + 190 560 Treasury deposits with F.R. Banks 3,192 +1 ,169 358 2,951 Foreign deposits with F.R. Banks 311 + 35 + 14 295 Other deposits with F.R. Banks 5/ 1,458 + 103 + 871 1,525 Other F.R. liabilities and capital 4,907 - 173 + 449 4,851 136,716 + 900 +11,618 136,922 Reserves: With Federal Reserve Banks 3/ 32,374 + 559 + 2,432 29,831 Currency and coin 10,692 - 721 + 582 10,692 Total reserves held 4/ 43,275 - 160 + 3,094 ! 40,732 Required reserves 43,092 - 179 + 3,062 43,092 Excess reserves 4/ 183 + 19 + 32 - 2,360 Note: A net of $9 million of surplus reserves were eligible to be carried forward from the week ended June 18, into the week ending June 25, 1980. On June 25, 1980, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $81,128 million, an increase of $1,379 million for the week. 1/ Net of $2,535 million, daily average, matched sale-purchase transactions outstanding during the latest statement week of which $2,219 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. Government securities. 2/ Net of $4,712 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which $2,496 million was with foreign official and international accounts. Includes $239 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. it/ 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 $817 million, daily average, held by Money Market Mutual Funds and other financial intermediaries; $12 million, daily average, held by nonmember banks against managed liabilities; $83 million, daily average, held under the consumer credit restraint program. 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 Change since June 25, 1June 18, IJune 27, ASSETS 1980 1 1980 ] 1979 Cold certificate account 11,172 - 151 Special Drawing Rights; cert if,, acct. * 3,018 + 50 + 1,218 Coin 394 3 + 26 Loans 364 - 434 - 2,558 Acceptances-- Bought outright Held under repurchase agreements - 367 840 Federal Agency obligations—Bought outright 8,875 + 1 ,114 Held under repurchase agreements 1/ - 61 997 U.S. Government securities: Bought outright—Bills 45,564 -2,579 ,833 Notes 58,174 + 749 ,669 Bonds 16.103 + 129 .546 Total bought outright 2/ 119,841 -1, 701 +13,048 Held under repurchase agreements 1/ - 437 - 2.548 Total U\S. Government securities 119.841 -2, 138 +10.500 Total loans and securities 129,080 -3, 000 + 7,219 Cash items in process of collection (2,445) 10,660 - 741 - 1,509 Bank premises 441 - 10 + 43 Other assets J/ 5.274 +• 236 - 363 TOTAL ASSETS (2,445) 160.039 -3.468 +6.483 LIABILITIES Federal Reserve notes 114,409 20 + 9,606 Deposits: Reserve accounts: Member Banks 29,350 -2,584 - 3,328 Edge Act Corporations 436 + 6 + 192 45 + 7 + 45 U.S. Agencies & Branches of Foreign Banks Total 29,831 -2,571 - 3,091 Special deposits—Credit Restraint Program 965 + 95 + 965 U.S. Treasury--general account 2,951 - 598 - 646 Foreign — official accounts 295 + 41 + 25 Other 560 + 30 + 231 Total deposits 34,602 -3,003 - 2,516 Deferred availability cash items (2,445) 6,177 - 185 - 836 Other liabilities and accrued dividends 4/ 2.263 - 285 + 564 TOTAL LIABILITIES (2,445) 157,451 -3,493 + 6,818 C A P I T AL A C C O U N TS .. Capital paid in 1,169 + 43 Surplus 1,145 — + 67 Other capital accounts 274 + 25 - 445 * 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 $-0- million was outstanding at the end of the latest statement week. 2/ Net of $4,712 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $239 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 iDISTRIBUTION: OF LOANS AND SECURITIES. JUNE 25 1980 r (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 361 4,894 -2,102 186 + 1 16 days to 90 days 3 23,600 -1,675 518 - 63 91 days to 1 year 30,983 + 882 1,486 — Over 1 year to 5 years 32,625 + 464 4,676 + 1 Over 5 years to 10 years 13,601 + 164 1,265 — Over 10 years 14,138 + 129 744 — Total 364 119,841 -2,138 8,875 - 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 New Phila- Cleve- Rich St. Minne- Kansas San Total Boston York delnhia land 1 mond Atlanta Chicago Louis apolis City 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. 3,018 154 797 145 240 274 95 493 126 51 133 159 351 Coin 394 25 25 16 40 46 40 23 24 16 47 28 64 Loans 364 51 5 284 — 2 8 3 — 1 6 4 — Acceptances: 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 45,564 2,082 11,843 1,978 3,442 3,743 1,651 7,160 1,831 814 2,135 2,704 6,181 Certificates -- — — — — — — -- -- — — -- — Notes 58,174 2,658 15,121 2,526 4,395 4,778 2,108 9,141 2,337 1 ,039 2,726 3,453 7,892 Bonds 16,103 735 4,186 699 1,217 1,323 584 2,530 647 287 755 956 2,184 Total bought outright 2/ 119,841 5,475 31,150 5,203 9,054 9,844 4,343 18,831 4,815 2 ,140 5,616 7,113 16,257 Held under repurchase agreements 1/ — — -- — — — «- — — — — — — Total U.S, Government securities 119,841 5,475 31,150 5,203 9,054 9,844 4,343 18,831 4,815 2 ,140 5,616 7,113 16,257 Total loans and securities 129,080 5,931 33,462 5,872 9,724 10,575 4,673 20,228 5,172 2 ,300 6,038 7,644 17,461 Cash items in process of collection 13,105 424 1,846 586 711 2,283 1,607 1,433 643 645 1,164 1,060 703 Bank premises 441 104 17 53 24 85 34 16 13 28 21 12 34 Other assets 3/ 5,274 183 1,464 251 372 339 298 700 164 120 224 294 865 Interdistrict settlement account -0- - Ill +3,261 -1,469 + 163 _2 l___ - 351 - 516 - 228 - 94 - 21 _2 29_ - 604 TOTAL 162,484 7,767 43,896 6,464 12,011 14,562 7,061 23,629 6,379 3 ,291 8,107 9,640 19,677 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 $4,712 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $239 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 25, 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 114,409 5,970 31,736 5,129 9,011 10,238 3,281 18,706 4,642 1,742 5,148 6,138 12,668 Deposits: Reserve Accounts _1/ 29,831 1,252 5,872 822 2,084 1,779 2,400 3,573 1,051 915 1,703 2,560 5,820 U.S. Treasury—general account 2,951 2,951 Foreign - Official Accounts 295 8 96 10 22 14 20 39 8 9 11 16 42 Other 2/ 1,525 121 997 63 36 64 9 62 5 13 67 21 67 Total deposits 34,602 1,381 9,916 895 2,142 1,857 2,429 3,674 1,064 937 1,781 2,597 5,929 Deferred availability cash items 8,622 249 872 254 501 2,164 1,060 553 514 496 969 616 374 Other liabilities and accrued dividends 3/ 2,263 91 719 88 151 162 103 313 79 38 98 119 302 TOTAL LIABILITIES 159,896 7,691 43,243 6,366 11,805 14,421 6,873 23,246 6,299 3,213 7,996 9,470 19,273 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 274 10 67 9 17 22 11 41 10 5 12 32 38 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 162,484 7,767 43,896 6,464 12,011 14,562 7,061 23,629 6,379 3,291 8,107 9,640 19,677 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 132,619 7,069 35,586 6,407 9,819 11,513 5,362 20,569 5,505 2,427 6,409 7,120 14,833 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. 3,018 154 797 145 240 274 95 493 126 51 133 159 351 Eligible paper 79 51 5 4 1 8 2 1 5 2 U.S. Gov't and Agency Securities 118,350 5,807 31,760 5,248 8,842 10,277 4,594 18,822 4,914 2,150 5,770 6,487 13,679 Total collateral 132,619 7,069 35,586 6,407 9,819 11,513 5,362 20,569 5,505 2,427 6,409 7,120 14,833 1/ Includes reserves of Member Banks, Edge Act Corporations and U.S. Agencies and Branches of Foreign Banks. 1/ Includes special deposits under tte 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