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 July 3, Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, and related items July 2,* June 25, July 4, July 2,* 1980 1980 197? 1980 Reserve Bank credit: (In millions of dollars U.S. Government securities- 1/ Bought outright—System account 123,387 +1,384 +17,179 - 123,078 Held under repurchase agreements 541 - 191 - 2,472 Federal Agency obligations- Bought outright 8,875 + 1,114 8,875 Held under repurchase agreements 29 59 812 Acceptances- Bought outright Held under repurchase agreements 101 62 1,097 Loans— Total member bank borrowing 348 + 30 - 1,329 420 Includes seasonal borrowing of: 7 - 1 - 179 5 Other borrowing Float 3,590 . 340 - 1,905 4,486 Other F.R. assets 5,564 + 42 133 5,658 Total Reserve Bank credit 142,435 + 803 +10,545 142,517 Gold Stock 11,172 — 150 11,172 Special Drawing Rights certif. acct. 3,018 + 7 + 1,218 3,018 Treasury currency outstanding 13,291 + 6 + 832 13,293 169,916 + 817 +12,445 170,000 Currency in circulation ** 126,907 + 596 + 9,934 127,988 Treasury cash holdings ** 547 + 9 + 187 550 Treasury deposits with F.R. Banks 3,091 - 101 - 298 3,590 Foreign deposits with F.R. Banks 398 + 87 + 67 257 Other deposits with F.R. Banks 5/ 1,415 - 43 + 587 1,184 Other F.R. liabilities and capital 4,940 + 33 + 236 4,826 137,299 + 583 +10,714 138,395 Reserves: With Federal Reserve Banks 3/ 32,617 + 234 + 1,732 31,605 Currency and coin 11,238 + 546 + 799 11,238 Total reserves held 4/ 44,049 + 765 + 2,601 43,037 Required reserves 43,794 + 702 + 2,992 43,794 Excess reserves 4/ 255 + 63 - 391 - 757 A net of $49 million of surplus reserves were eligible to be carried forward from the week ended June 25, into the week ending July 2. On July 2, 1980, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and interna tional accounts were $82,071 million, an increase of $943 million for the week. 1/ Net of $1,241 million, daily average, matched sale-purchase transactions outstanding during the latest statement week of which $1,241 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. Government securities. Net of $1,550 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which $1,550 million was with foreign official and international accounts. Includes $274 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. Adjusted to include $194 million waivers of penalties for reserv edefi ciencies in accordance with Board policy effective November 19, 1975. 5/ Includes special deposits under the credit restraint program of $705 million, daily average, held by Money Market Mutual Funds and other financial inter mediaries; $10 million, daily average, held by nonmember-banks against managed liabilities; $81 million, daily average, held under the consumer credit restraint program. * 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 July 2, ** June 25, July 4, A S S E TS 1980 1980 1979 | Gold certificate account 11,172 — - 149 | Special Drawing Rights certif. acct. * 3,018 + 1 ,218 1 Coin 393 1 + 35 Loans 420 + 56 - 2 ,013 Acceptances-- Bought outright __ .. . Held under repurchase agreements 682 Federal Agency obligations—Bought outright 8,875 — + 1 ,114 Held under repurchase agreements 1/ — — - 267 J U.S. Government securities: Bought outright--Bills 48,801 +3,237 +12,489 Notes 58,174 — + 3,119 Bonds 16,103 .- + 2,404 Total bought outright 2/ 123,078 +3,237 +18,012 Held under repurchase agreements 1/ — — - 1,116 Total U.S. Government securities 123,078 +3,237 +16,896 Total loans and securities 132,373 +3,293 +15,048 Cash items in process of collection (2,326) 11,281 + 621 - 3,136 Bank premises 441 — + 44 Other assets 3/ 5,217 - 57 70 TOTAL ASSETS (2,326) 163,895 +3,856 +12,990 LiABI_LI_TXEj> Federal Reserve notes 115,638 +1,229 + 9,526 Deposits: Reserve accounts: Member Banks 31,328 +1,978 + 3,718 Edge Act Corporations 251 - 185 + 27 U.S. Agencies & Branches of Foreign Banks 26 - 19 + 26 Total 31,605 +1,774 + 3,771 Special deposits--Credit Restraint Program 580 - 385 + 5B0 U.S. Treasury--general account 3,590 + 639 + 154 Foreign — official accounts 257 - 38 58 Other 604 + 44 + 187 Total deposits 36,636 +2 ,034 + 4,634 Deferred availability cash items (2,326) 6,795 + 618 - 1,809 Other liabilities and accrued dividends 4/ 2,239 - 24 + 396 TOTAL LIABILITIES (2,326) 161,308 +3,857 +12,747 C A P I TA L ACCOUNTS Capital paid in 1,170 1 + 43 Surplus 1,145 + 67 Other capital accounts 272 2 + 133 * 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 $1,550 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $274 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 of market exchange rates of foreign exchange commitments. MATURITY DISTRIBUTION: OF LOANS AND SECURITIES,, JULY 2, 1980 j (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 416 3,772 -17122^ —w T2T 16 days to 90 days 4 27,352 +3,752 91 days to 1 year 30,797 - 186 518 + 98 Over 1 year to 5 years 33,418 + 793 1,584 + 26 4,702 Over 5 years to 10 years 13,601 Over 10 years 14,138 1,265 Total 420 123,078 — 744 +3,237 8,875 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 JULY 2, 1980 New Fhila- Cleve- Rich St. Minne- Kansas San Total Boston York delphia land 1 mond Atla__n_t^a_ _ Chicago Louis* apolis Citv Dallas Francisco (In millions of dollars) -i .; 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 393 24 22 17 39 45 40 22 30 16 48 28 62 Loans 420 101 — 125 3 1 5 151 -- 1 6 3 % 24 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 48,801 2,230 12,685 2,119 3,686 ^,009 1,768 7,668 1,961 872 2,287 2,896 6,620 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/ 123,078 5,623 31,992 5,344 9,298 10,110 4,460 19,339 4,945 2,198 5,768 7,305 16,696 Held under repurchase agreements \J — — -- — -. — — — — .- .- — — Total U.S. Government securities 123,078 5,623 31,992 5,344 9,298 10,110 4,460 19,339 4,945 2,198 5,768 7,305 16.696 Total loans and securities 132,373 6,129 34,299 5,854 9,971 10,840 4,787 20,884 5,302 2,358 6,190 7,835 17,924 Cash items in process of collection 13,607 355 1,686 370 750 2,398 1,903 1,661 638 710 1,231 1,000 905 Bank premises 441 104 17 53 24 85 34 16 13 28 21 12 34 Other assets 3/ 5,217 248 1,464 200 377 360 296 737 164 121 215 284 751 Interdistrict settlement account -0- - 453 +6,050 -1,262 + 35 - 585 - 711 -1,522 - 533 - 383 - 209 + 35 - 462 TOTAL 166,221 7,618 47,359 6,387 12,173 14,378 7,109 23,543 6,205 3,126 8,130 9,825 20,368 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 $1,550 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $274 million securities loaned—fully secured by U.S. Government securities. 2/ 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 OT CONDITION OF EACH FEDERAL RESERVE BANK ON July 2, 1980 H.4.KO 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 115,638 6,049 32,152 5,189 9,094 10,361 3,317 18,871 4,700 1,746 5,178 6,231 12,750 Deposits: Reserve Accounts 1/ 31,605 1,074 8,356 723 2,203 1,420 2,191 3,277 890 695 1,628 2,643 6,505 U.S. Treasury—general account 3,590 3,590 Foreign, official Accounts 257 7 75 10 20 12 19 36 7 8 10 14 39 Other 2/ 1,184 69 857 33 22 41 7 46 5 8 35 22 39 Total deposits 36,636 1,150 12,878 766 2,245 1,473 2,217 3,359 902 711 1,673 2,679 6,583 Deferred availability cash items 9,121 254 955 250 481 2,219 1,298 621 446 554 1,078 619 346 Other liabilities and accrued dividends V 2,239 89 716 84 146 184 88 305 77 36 90 138 286 TOTAL LIABILITIES 163,634 7,542 46,701 6,289 11,966 14,237 6,920 23,156 6,125 3,047 8,019 9,667 19,965 CAPITAL ACCOUNTS Capital paid in 1,170 33 296 44 94 61 90 174 35 37 50 72 184 Surplus 1,145 33 290 45 95 58 87 168 35 36 49 67 182 Other capital accounts I 272 10 72 9 18 22 12 45 10 6 12 19 37 TOTAL LIABILITIES AND 1 CAPITAL ACCOUNTS 166,221 7,618 47,359 6,387 12,173 14,378 7,109 23,543 6,205 3,126 8,130 9,825 20,368 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 133,159 7,122 35,826 6,399 9,847 11,543 5,265 20,768 5,547 2,420 6,425 7,179 14,818 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 120 101 -- — 3 — 5 1 — 1 6 3 — U.S. Govt. And Agency Securities 118,849 5,810 32,005 5,244 8,867 10 f 308 4,500 19,022 4,956 2,143 5,785 6,545 13,664 Total collateral 133,159 7,122 35,826 6,399 9,847 11,543 5,265 20,768 5,547 2,420 6,425 7,179 14,818 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. * Estimated (St. Louis District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis