H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and ••'"fSSLtf^"'" Condition Statement of F.R. Banks H.4.1 For immediate release July 18, 1980 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, July 16, July 9, July 18, July 16, and related items 1980 1980 1979 1980 Reserve Bank credit: (In millions of dollars) U.S. Government securiti.es-- Bought outright--System account -' 122,766 + 956 +13,384 . i-'122,797 Held under repurchase agreements 461 + 461 - 1,143 722 Federal Agency obligations-- Bought outright 8,873 . 2 + 1,112 8,873 Held under repurchase agreements 52 + 52 - 759 104 Acceptances— Bought outright Held under repurchase agreements 117 + 117 594 173 Loans-- Total member bank borrowing 332 + 117 850 559 Includes seasonal borrowing of: 5 — 155 4 Other borrowing . Float 5,311 384 - 264 7,690 Other F.R. assets 5,375 - 321 529 5,521 Total Reserve Bank credit 143,287 + 996 +10,357 146,439 Gold Stock 11,172 -- 119 11,172 Special Drawing Rights certif. acct. 3,018 — + 1,218 3,018 Treasury currency outstanding 13,294 + 1 + 846 13,295 170,771 + 997 +12,302 173,924 Currency in circulation * 128,643 + 307 +10,561 128,744 Treasury cash holdings * 533 - 17 + 180 530 Treasury deposits with F.R. Banks 3,315 + 213 + 8 2,956 Foreign deposits with F.R. Banks 302 - 49 + 23 294 Other deposits with F.R. Banks 5/ 1,067 - 142 + 210 1,103 Other F.R. liabilities and capital 4,693 - 193 + 183 4,563 138,552 + 118 +11,164 138,190 Reserves: With Federal Reserve Banks 3/ 32,219 + 880 + 1,137 35,734 Currency and coin 11,502 - 57 + 1,168 11,502 Total reserves held 4/ 43,908 + 819 + 2,336 47,423 Required reserves 43,596 +1 ,013 + 2,391 j 43,596 Excess reserves 4/ 312 - 194 55 3,827 Note: A net of $229 million of surplus reserves were eligible to be carried forward from the week ended July 9, into the week ending July 16. On July 16, 1980, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $82,267 million, a decrease of $31 million for the week. 1/ Net of $1,567 million, daily average, matched sale-purchase transactions outstanding during the latest statement week of whic h$1,56 7 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. Government securities. V Net of $1,301 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which $1,301 million was with foreign official and international accounts. Includes $66 million securities loaned--fu1ly secured by U.S. Government securities. Includes reserves of Member Banks, Edge Act Corporations and U.S. Agencies and Branches of Foreign Banks. Adjusted to include $187 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 $526 million, daily average, held by Money Market Mutual Funds and other financial intermediaries; $15 million, daily average, held by noninember 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 16, July 9, July 18, ASSETS 1980 1220- I2Z2 Gold certificate account 11,172 — - 119 Special Drawing Rights certif. acct. 3,018 — + 1,218 Coin 389 + 6 + 40 Loans 559 + 275 - 942 Acceptances-- Bought outright Held under repurchase agreements 173 + 173 - 891 Federal Agency obligations—Bought outright 8,873 - 2 + 1,112 Held under repurchase agreements 1/ 104 + 104 - 734 U.S. Government securities: Bought outright—Bills 48,520 +2 ,379 + 8,009 Notes 58,174 — + 3,119 Bonds 16,103 — + 2,404 Total bought outright 2/ 122,797 +2,379 +13,532 Held under repurchase agreements 1/ 722 + 722 - 1,400 Total U.S. Government securities 123,519 +3,101 +12,132 Total loans and securities 133,228 +3,651 +10,677 Cash items in process of collection (2,276) 14,813 +1,177 + 270 Bank premises 446 + 3 + 49 Other assets ^/ + 45 - 298 TOTAL ASSETS (2,276) 168,141 +4,882 +11,837 LI_ABI_LXTI_ES Federal Reserve notes 116,368 - 369 +10,042 Deposits: Reserve accounts: Member Banks 35,241 +4,875 + 1,456 Edge Act Corporations 376 + 1 + 84 U.S. Agencies & Branches of Foreign Banks 117 + 54 + 117 Total 35,734 +4,930 + 1,657 Special deposits--Credit Restraint Program 643 + 37 + 643 U.S. Treasury--general account 2,956 - 248 - 712 Foreign — official accounts 294 7 + 25 Other 460 + 52 + 96 Total deposits 40,087 +4,764 + 1,709 Deferred availability cash items (2,276) 7,123 + 504 + 14 Other liabilities and accrued dividends 4/ 1,991 - 16 + 230 TOTAL LIABILITIES (2,276) 165,569 +4,883 +11,995 C A P I T AL A C C O U N TS Capital paid in 1,172 + 2 + 43 Surplus 1,145 — + 67 Other capital accounts 255 - 3 - 268 *• 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 $832 million was outstanding at the end of the latest statement week. 2/ Net of $1,301 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $66 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, July 16, 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 changes Within 15 days 559 173 6,201 +2,635 141 + 41 16 days to 90 days 26,522 +1,613 715 + 1 91 days to 1 year 29,639 -1,147 1,353 + 2 Over 1 year to 5 years 33,418 -- 4,774 + 73 Over 5 years to 10 years 13,601 — 1,250 - 15 Over 10 years 14,138 — 744 -- Total 559 173 123,519 +3,101 8,977 +102 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 16, 1980 New Fhila- Cleve- Rich- St. Minne- Kansas San Total | Boston York delnhia land 1 mond Atlanta Chicago Louis apolis Citv Dallas Francisco. (In millions of dollars) A S S E TS Gold certificate account 1 11,172 1,057 3,024 1,010 737 961 665 1,252 465 225 501 472 803 Special Drawing Rights certif. acct. I 3,018 154 797 145 240 274 95 493 126 51 133 159 351 Coin 389 23 19 17 41 46 40 20 31 16 48 27 61 Loans 559 7 — 215 1 1 — 4 — 1 5 « 352 Acceptances: Bought outright "" •— -- -- — «- •• • "• -- -- — -- Held under repurchase agreements 173 •• 173 — — -- -- -- -- -- — -- Federal Agency obligations— Bought outright 8,873 405 2,306 385 670 729 322 1,394 357 158 416 527 1,204 Held under repurchase agreements 1/ 104 — 104 — -- — .. -- -- -- "" -- — U.S. Government securities: Bought outright— Bills i 48,520 2,217 12,612 2,106 3,665 3,986 1,758 7,624 1,949 867 2,274 2,880 6,582 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 Bond 8 16,103 735 4,186 699 1,217 1,323 584 2,530 647 287 755 956 2,184 Total bought outright 2,/ 122,797 5,610 31,919 5,331 9,277 10,087 4,450 19,295 4,934 2 ,193 5,755 7,288 16,658 Held under repurchase agreements \J 722 — 722 -- — — — — — — — — — Total U.S. Government securities 123,519 5,610 32,641 5,331 9,277 10,087 4,450 19,295 4,934 2 ,193 5,755 7,288 16,658 Total loans and securities 113333,,222288 6677002222 3355,,222244 55,,993311 99,,994488 1100,,881177 44,,777722 2200,,669933 55,,229911 22 ,,335522 66,,117766 77,,881155 18,187 Cash items in process of collection 1177,,008899 || 442200 33,,002277 553388 11,,005566 22,,667755 11,,773322 22,,559922 663322 11 ,,229911 11,,444499 889977 780 Bank premises 446 | 104 18 53 24 85 34 17 13 28 21 12 37 Other assets 3./ 5,075 187 1,316 209 376 341 331 722 173 127 221 285 787 Interdistrict settlement account . -0- - 474 +5,856 -1,605 - 628 - 568 - 686 - 726 - 442 - 686 - 208 + 787 - 620 TOTAL 170,417 7,493 49,281 6,298 11,794 14,631 6,983 25,063 6,289 3 ,404 8,341 10,454 20,386 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 $832 million was outstanding at the end of the latest statement week. 2/ Net of $1,301 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $66 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 j l 16, 1980 u y 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 116,368 6,124 32,617 5,195 9,218 10,271 3,199 18,998 4,693 1,748 5,232 6,284 12,789 Deposits: Reserve Accounts JL/ ! 35,734 812 10,521 658 1,687 1,701 2,288 4,651 983 1,019 1,722 3,192 6,500 U.S. Treasury--general account 2,956 2,956 294 7 112 9 20 12 19 36 7 9 10 14 39 Foreign- Official Accounts 1,103 84 755 27 29 45 7 44 6 6 36 18 46 Other 2/ Total deposits 40,087 903 14,344 694 1,736 1,758 2,314 4,731 996 1,034 1,768 3,224 6,585 Deferred availability cash items 9,399 306 1,134 232 495 2,311 1,157 661 447 510 1,144 659 343 Other liabilities and accrued dividends 3/ 1,991 84 533 79 139 150 125 289 74 33 86 130 269 TTOOTTAALL LLIIAABBIILLIITTIIEESS 167,845 7,417 48,628 6,200 11,588 14,490 6,795 24,679 6,210 3,325 8,230 10,297 19,986 CCAAPPIITTAALL AACCCCOOUUNNTTSS CCaappiittaall ppaaiidd iinn 1,172 33 296 44 95 61 90 174 34 38 50 72 185 SSuurrpplluuss 1,145 33 290 45 95 58 87 168 35 36 49 67 182 OOtthheerr ccaappiittaall aaccccoouunnttss 255 10 67 9 16 22 11 42 10 5 12 18 33 TTOOTTAALL LLIIAABBIILLIITTIIEESS AAMMDD CCAAPPIITTAALL AACCCCOOUUNNTTSS 170,417 7,493 49,281 6,298 11,794 14,631 6,983 25,063 6,289 3,404 8,341 10,454 20,386 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 133,650 7,096 36,210 6,379 9,861 11,523 5,132 20,928 5,594 2,409 6,478 7,228 14,812 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 8 1 1 -- 1 5 -- U.S. Govt, and Agency Securities 119,432 5^885 32^89 5,224 8,883 4,372 003 2,132 5^839 6,597 13,658 Total collateral 133,650 7,096 36,210 6,379 9,861 11,523 5,132 20,928 5,594 2,409 6,478 7,228 14,812 V 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