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 25, 1980 Averages of daily fijw res Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, July 23, July 16, 1 July 25, July 23, and related items 1980 1980 1 1979 1980 Reserve Bank credit: (In millions of dollars) U.S. Government securities-- Bought outright—System account - 122,670 _ 96 +13,822 . fc 121,275 Held under repurchase agreements 444 - 17 - 1,046 3,111 Federal Agency obligations— Bought outright 8,873 __. + 1,112 8,873 Held under repurchase agreements 79 + 27 - 672 553 Acceptances-- Bought outright Held under repurchase agreements 68 - 49 872 478 Loans-- Total member bank borrowing 354 + 22 - 938 548 Includes seasonal borrowing of: 5 — - 162 6 Other borrowing Float 4,821 - 518 333 4,417 Other F.R. assets 5,548 + 173 + 39 5,637 Total Reserve Bank credit 142,858 - 457 +11,113 144,892 Gold Stock 11,172 -- 119 11,172 Special Drawing Rights certif. acct. 3,061 + 43 + 1,261 3,118 Treasury currency outstanding 13,296 + 2 + 840 13,300 170,387 - 412 +13,095 172,482 Currency in circulation 128,103 - 540 +10,623 128,096 Treasury cash holdings 530 - 3 + 210 530 Treasury deposits with F.R. Banks 2,723 - 592 - 459 2,855 Foreign deposits with F.R. Banks 282 - 20 + 34 246 Other deposits with F.R. Banks 5/ 1,148 + 81 + 322 1,178 Other F.R. liabilities and capital 4,629 - 64 + 11 4,570 137,415 -1, 137 +10,740 137,475 Reserves: With Federal Reserve Banks 3/ 32,972 + 725 + 2,356 35,007 Currency and coin 10,504 - 998 + 77 10,504 Total reserves held 43,668 - 268 + 2,468 j 45,703 Required reserves 43,742 + 146 + 2,528 1 43,742 Excess reserves 4/ 74 - 414 60 1,961 Note: A net of $160 million of surplus reserves were eligible to be carried forward from the week ended July 16, into the week ending July 23. On July 23, 1980, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $81,860 million, a decrease of $407 million for the week. J7 Net of $1,135 million, daily average, matched sale-purchase transactions outstanding during the latest statement week of which $1,072 million was with foreign official and international accounts. Includes securities loaned — fully secured by U.S. Government securities. 2/ Net of $2,294 million matched sale-purchase transactions outstanding at* the end of the latest statement week, of which $2,294 million was with foreign official and international accounts. Includes $87 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 $192 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. V Includes special deposits under the credit restraint program of $373 million, daily average, held by Money Market Mutual Funds and other financial inter mediaries; $22 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

CONSOLCDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS H.4.l(a> (In millions of. dollars) Wednesday Change since July 23, July 16, July 25, A S S E TS 198Q 1980 ... 1979 Gold certificate account 11,172 — 119 Special Drawing Rights certif. acct. i 3,118 + 100 + 1,318 Coin 391 + 2 + 11 Loans 548 11 620 Acceptances-- Bought outright Held under repurchase agreements 478 + • 305 - 346 Federal Agency obligations—Bought outright 8,873 -- + 1,112 Held under repurchase agreements 1/ 553 + 449 - 168 U.S. Government securities: Bought outrlght--Bills 46,998 -1,522 + 8,369 Notes 58,174 -- + 3,119 Bonds 16,103 — + 2,404 Total bought outright 2/ 121,275 -1,522 +13,892 Held under repurchase agreements 1/ 3,111 +2,389 + 2,390 Total U.S. Government securities 124,386 + 867 +16,282 Total loans and securities 34,838 +1,610 +16,260 Cash items in process of collection (2,452) 10,365 -4,448 - 1,926 Bank premises 447 + 1 + 48 Other assets 3/ 5,190 + 115 + 307 TOTAL ASSETS (2,452) 165,521 -2,620 +15,899 Federal Reserve notes 115,717 -. 651 + 9,895 Deposits: Reserve accounts: Member Banks 34,422 - 819 + 4,818 Edge Act Corporations 525 + 149 + 209 60 - 57 + _J60 U.S. Agencies & Branches of Foreign Banks = Total 35,007 - 727 + 5,087 Special deposits--Credit Restraint Program 712 + 69 + 712 U.S. Treasury--general account 2,855 - 101 + 519 Foreign— official accounts 246 -• 48 + 7 Other 466 + 6 + 107 Total deposits 39,286 - 801 + 6,432 Deferred availability cash items (2,452) 5,948 -1, 175 - 257 Other liabilities and accrued dividends 4/ 2,002 + 11 + 174 TOTAL LIABILITIES (2,452) 162,953 -2, 616 +16,244 C A P I T AL A C C O U N TS Capital paid in 1,174 + 2 + 45 Surplus 1,145 — + 67 Other capital accounts 249 - 6 - 457 * 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 $2,294 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $87 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 23, 1980 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 day.': in accordance with maximum maturity of the agreements.' U.S. Government Federal Agency Loans Accept securities obligations ances Holdings Weekly Holdings Weekly changes changr Within 15 days 547 478 6,710 +509 637 +496 16 days to 90 days 1 26,285 -237 761 + 46 91 days to 1 year 30,234 +595 1,269 - 84 Over 1 year to 5 years 33,418 -- 4,765 - 9 Over 5 years to 10 years 13,601 — 1,250 -- Over 10 years 14,138 — 744 zz Total 548 478 124,386 +867 9,426 +44r 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 23, 1980 New Phila Cleve- Rich St. Minne- Kansas San Total j Boston York delphia land | mond Atlanta Chicago Louis apol is Citv 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. 3,118 159 823 151 248 283 98 509 131 52 137 164 363 Coin 1 391 23 17 17 42 47 40 22 30 16 46 29 62 Loans 548 32 „. 305 1 1 .. 1 __ 1 7 — 200 Acceptances: Bought outright — — — — — — — — — — — -- -- Held under repurchase agreements 478 — 478 — — — — — — — — -- -~ 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/ 553 — 553 — — — -- — — — — -- -- U.S. Government securities: •m Bought outright-- Bills 46,998 2,148 12,216 2,040 3,550 3,860 1,703 7,385 1,888 840 2,202 2,79C) 6,376 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/ 121,275 5,541 31,523 5,265 9,162 9,961 4,395 19,056 4,873 2 ,166 5,683 7,198\ 16,452 Held under repurchase agreements \j 3,111 | — 3,111 — .- — — — — — — -- — Total U.S. Government securities 124,386 5,541 34,634 5,265 9,162 9,961 4,395 19,056 4,873 2 ,166 5,683 7,198\ 16,452 Total loans and securities 134,838 5,978 37,971 5,955 9,833 10,691 4,717 20,451 5,230 2 ,325 6,106 7,725> 17,856 Cash items in process of collection 12,817 408 1,581 563 756 2,322 1,373 1,571 619 901 1,241 87!> 607 Bank premises 447 104 18 53 24 85 34 17 13 28 21 13 37 Other assets 3/ 5,190 191 1,390 217 379 351 313 741 173 122 226 300 787 Interdistrict settlement account -0- - 169 +2,090 -1,499 + 55 - 231 - 32 - 334 - 315 - 294 + 1 +1,061 - 333 TOTAL 167,973 7,751 46,914 6,467 12,074 14,509 7,208 24,229 6,346 3 ,375 8,279 10,639 20,182 \J 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. 27 Net of $2,294 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $87 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 July 23, 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 115,717 6,041 32,494 5,128 9,110 10,247 3,281 18,809 4,622' 1,722 5,218 6,333 12,712 Deposits: Reserve Accounts 1/ 35,007 1,226 8,611 890 2,190 1,804 2,561 3,938 1,146 1,015 1,784 3,362 6,480 U.S. Treasury—general account 2,855 2,855 Foreign - Official Accounts 246 ! 7 64 10 20 12 19 36 7 8 10 14 39 Other 2/ 1,178 92 801 33 28 58 8 46 6 7 40 20 39 Total deposits 39,286 1,325 12,331 933 2,238 1,874 2,588 4,020 1,159 1,030 1,834 3,396 6,558 Deferred availability cash items 8,400 226 842 222 381 2,097 1,053 730 413 509 1,031 622 274 Other liabilities and accrued dividends 3/ 2,002 83 594 86 139 150 99 288 73 36 86 131 237 TOTAL LIABILITIES j 165,405 7,675 46,261 6,369 11,868 14,368 7,021 23,847 6,267 3,297 8,169 10,482 19,781 CAPITAL ACCOUNTS Capital paid in 1,174 33 298 44 95 61 90 174 35 37 50 72 185 Surplus 1,145 33 290 45 95 58 87 168 35 36 49 67 182 Other capital accounts 249 10 65 9 16 22 10 40 9 5 11 18 34 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 167,973 7,751 46,914 6,467 12,074 14,509 7,208 24,229 6,346 3,375 8,279 10,639 20,182 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 134,119 7,083 36,284 6,480 9,826 11,603 5,407 20,806 5,554 2,394 6,496 7,364 14,822 Collateral for F.R. notes: Gold certificate account 11,172 3,024 1,010 737 961 665 1 OCO 465 225 501 472 803 J. y\J~f 1 Special Drawing Rights certif. acct. 3,118 159 823 151 248 283 98 509 131 52 137 164 363 Eligible paper 12 — — -- 1 1 — — — 1 8 1 -- U.S.Govt, and Agency Securities 119,817 5,867 32,437 5,319 8,840 10,358 4,644 19,045 4,958 2,116 5,850 6,727 13,656 Total collateral 134,119 7^083^ 36,284 6,480 9,826 11,603 5,407 20,806 5,554 2,394 6,496 7,364 14,822 ——— I -- • I —, ., __,_-. -, , „ , , J7Includes 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. ^/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