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 11, 1980 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, July 9, July Z July 11, July 9, and related items 1980 1980 1979 1980 Reserve Bank credit: (In millions of dollars) U.S. Government securities-- Bought outright—System account 1/ 121,810 1,577 +13,935 2/120,418 Held under repurchase agreements 541 - 225 Federal Agency obligations-- Bought outright 8,875 + 1,114 8,875 Held under repurchase agreements 29 36 Acceptances— Bought outright Held under repurchase agreements - 101 179 Loans-- Total member bank borrowing 215 - 133 726 284 Includes seasonal borrowing of: 5 2 157 4 Other borrowing Float 5,784 + 2,178 - 1 ,766 7 ,017 Other F.R. assets 5,696 + 132 - 100 5 ,473 Total Reserve Bank credit 142,380 71 +12 ,017 142 067 Gold Stock 11,172 - 136 11 172 Special Drawing Rights certif. acct. 3,018 + 1 ,218 3 018 Treasury currency outstanding 13,293 + 873 13 293 169,863 69 +13,973 169,550 Currency in circulation * 128,336 + 1,429 +10,201 129,097 Treasury cash holdings * 550 + 3 + 188 550 Treasury deposits with F.R. Banks 3,102 + 11 - 547 3,204 Foreign deposits with F.R. Banks 351 47 + 42 301 Other deposits with F.R. Banks 5/ 1,209 - 206 + 572 1,014 Other F.R. liabilities and capital 4,886 - 54 + 701 4,580 138,434 + 1,135 +11,157 138,746 Member bank reserves: With Federal Reserve Banks 3/ 31,428 - 1,205 + 2,814 30,804 Currency and coin 11,559 + 321 + 823 11,559 Total reserves held 4/ 43,178 887 + 3,702 42,554 Required reserves ~~ 42,583 - 1 ,211 + 3,070 42,583 Excess reserves 4/ 595 + 324 + 632 29 NOTE: A net of $89 million of surplus reserves were eligible to be carried forward from the week ended July 2, into the week ending July 9. On July 9, 1980, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $82,298 million, an increase of $227 million for the week. 1/ Net of $2,818 million, daily average, matched sale-purchase transactions outstanding during the latest statement week of which $2,480 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. 2/ Net of $4,210 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which $2,474 million was with foreign official and international accounts. Includes $171 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. Adjusted to include $191 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 $497 million, daily average, held by Money Market Mutual Funds and other financial intermediaries; $14 million, daily average, held by nonmember banks against managed liabilities; $81 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 Change since July 9, July 2, July 11, A S S, E_ T S 1980 1990 1979 Gold certificate account 1,172 — 123 Special Drawing Rights certif. acct. 3,018 — + 1,218 Coin 383 10 + 46 Loans 284 - 136 - 968 Acceptances-- Bought outright Held under repurchase agreements Federal Agency obligations--Bought outright 8,875 + 1,114 Held under repurchase agreements 1/ U.S. Government securities: Bought outright—Bills 46,141 - 2,660 +11,052 Notes 58,174 + 3,119 Bonds 16,103 + 2,404 Total bought outright 2/ 120,418 2,660 +16,575 Held under repurchase agreements 1/ Total U.S. Government securities 120,418 2,660 +16,575 Total loans and securities 129,577 - 2,796 +16,721 Cash items in process of collection (2,222) 13,636 + 2,355 - 526 Bank premises 443 + 2 + 46 Other assets 3_/ 5,030 - 187 - 596 TOTAL ASSETS (2,222) 163,259. 636 +16.J86 L I A B I L I T I ES Federal Reserve notes 116,737 + 1,099 + 9,859 Deposits: Reserve accounts: Member Banks 30,366 - 962 + 5,784 Edge Act Corporations 375 + 124 + 145 U.S. Agencies & Branches of Foreign Banks 63 + 37 + 63 Total 30,804 - 801 + 5,992 Special deposits—Credit Restraint Program 606 + 26 + 606 U.S. Treasury--general account 3,204 - 386 + 285 Foreign — official accounts 301 + 44 + 14 Other 408 - 196 + 44 Total deposits 35,323 - 1,313 + 6,941 Deferred availability cash items (2,222) 6,619 - 176 - 337 Other liabilities and accrued dividends 4/ 2,007 - 232 + 296 TOTAL LIABILITIES ~ (2,222) 160,686 - 622 +16,759 i± A P I_ I A L A C C O U N TS Capital paid in 1,170 „ + 42 Surplus 1,145 — + 67 Other capital accounts 258 - 14 82 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 $4,210 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $171 million securities loaned— fully secured by U.S. Government securities. 3/ Includes assets denominated in foriegn 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. J^Y 9, 1980 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of th eagreements.)! U.S. Government Federal Agency Loans Accept securities obligations ances Holdings Weekly Holdings Weekly ! change changes; Within 15 days 281 3,566 206" 100 + 38 16 days to 90 days 3 24,909 2,443 714 +196 91 days to 1 year 30,786 11 1,351 -233 Over 1 year to 5 years 33,418 — 4,701 - 1 Over 5 years to 10 years 13,601 — 1,265 Over 10 years 14,138 -- 744 Total 284 120,418 -2,660 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 9, 1980 New Phila- Cleve Rich- St. Minne- Kansas San Total Boston York delphia 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 383 23 19 17 40 45 39 21 30 15 48 27 59 Loans 284 4 -- 270 -- -- -- 2 -- 1 6 1 -_ 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 46,141 2,108 11,993 2,003 3,486 3,790 1,672 7,250 1,854 825 2,162 2,739 6,259 Certificates — — — -- -- -- -- — -- -- -- -- — Notes 58,174 2,658 15,121 2,526 4,395 4,778 2,108 9,141 2,338 1 ,039 2,726 3,452 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/ 120,418 5,501 31,300 5,228 9,098 9,891 4,364 18,921 4,839 2 ,151 5,643 7,147 16,335 Held under repurchase agreements 1/ -- — -.- — — _. -- -- • - — -- — — Total U.S. Government securities 120,418 5,501 31,300 5,228 9,098 9,891 4,364 18,921 4,839 2 i"l51 5,643 7,147 16,335 Total loans and securities 129,577 5,910 33,607 5,883 9,768 10,620 4,686 20,317 5,196 2 ,311 6,065 7,675 17,539 Cash items in process of collection 15,858 492 1,897 473 1,147 2,515 1,913 2,049 636 877 1,434 1,197 1,228 Bank premises 443 104 18 53 24 85 34 17 13 28 21 12 34 Other assets 3/ 5,030 188 1,294 205 385 341 294 713 170 121 219 288 812 Interdistrict settlement account -0- - 267 +7,566 -1,344 - 505 - 410 - 849 - 684 - 479 - 330 - 473 - 147 -2,078 TOTAL 165,481 7,661 48,222 6,442 11,836 14,431 6,877 24,178 6,157 3 ,298 7,948 9,683 18,748 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 $4,210 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $171 million securities loaned--fully secured by U.S. Government securities. 2/ 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 Juiy 9, 1930 H.4.1(c) .... ._ Phila St. Minne Kansas San Total i 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 116,737 6,122 32,411 5,232 9,205 10,392 3,347 19,011 4,725 1,759 5,224 6,279 13,030 Deposits: "Reserve Accounts 1/ 30,804 1,012 9,643 741 1,800 1,605 2,065 3,717 833 878 1,387 2,454 4,669 U.S. Treasury—general account 3,204 -- 3,204 __ -- -- -- -- -- -- -- -- __ Foreign- Official Accounts 301 7 119 10 20 12 19 36 7 8 10 14 39 Other 2/ 1,014 74 691 34 24 41 7 41 5 5 34 18 40 Total deposits 35,323 1,093 13,657 785 1,844 1,658 2,091 3,794 845 891 1,431 2,486 4,748 Deferred availability cash items 8,841 283 968 246 422 2,085 1,169 694 432 534 1,094 627 287 Other liabilities and accrued dividends 3/ 2,007 87 534 81 158 155 83 295 75 35 88 134 282 TOTAL LIABILITIES 162,908 7,585 47,570 6,344 11,629 14,290 6,690 23,794 6,077 3,219 7,837 9,526 18,347 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 258 10 66 9 18 22 10 42 10 6 12 18 35 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 165,481 7,661 48,222 6,442 11,836 14,431 6,877 24,178 6,157 3,298 7,948 9,683 18,748 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 133,475 7,110 35,969 6.390 9.856 11,558 5,209 20,883 5 585 2,415 6,452 7,235 14, S13 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 13 4 -- -- -- -- — — -- 1 6 1 -- U.S. Govt, and Agency Securities 119,272 5,895 32,148 5,235 8,879 10,323 4,449 19,137 44,,999944 22,,113388 55,,881122 66,,660033 13^659 Total collateral 133,475 7,110 35,969 6,390 9,856 11,558 5,209 20,883 55,,558855 22,,441155 66,,445522 77,,223355 14,813 \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. 31/ Includes exchange translation account reflecting the monthly revaluation at market exchange rates fo foreign exchange commitments. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis