H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and •?38fP?- Condition Statement of F.R. Banks H.4.1 For immediate release August 1, 1980 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, July 30, July 23, August 1, July 30, and related items 1980 1939 1979 1980 Reserve Bank credit: (In millions of dollars) U.S. Government securities-- 2/ Bought outright--System account -1 119,654 -3,016 + 9,333 -' 119,577 Held under repurchase agreements 230 - 214 - 552 Special Certificates Federal Agency oblications-- Bought outright 8,873 630 8,873 Held under repurchase agreements 47 32 263 Acceptances-- Bought outright Held under repurchase agreements 49 19 785 Loans-- Total member bank borrowing 629 + 275 - 317 2,620 Includes seasonal borrowing of: 7 + 2 166 8 Other borrowing Float 3,333 -1,546 - 1,242 4,025 Other F.R. assets 5,667 + 119 + 406 5,924 Total Reserve Bank credit 138,480 -4,436 + 7,208 141,019 Gold Stock 11,171 1 120 11,171 Special Drawing Rights certif. acct. 3,118 + 57 + 1,318 3,118 Treasury currency outstanding 13,301 + 5 + 815 13,304 166,071 -4,374 + 9,222 168,612 Currency in circulation * 127,631 - 494 +10,260 128,204 Treasury cash holdings * 525 + 17 + 243 525 Treasury deposits with F.R. Banks 3,206 + 483 + 111 3,073 Foreign deposits with F.R. Banks 324 + 42 + 42 301 Other deposits with F.R. Banks 5/ 793 - 355 + 77 415 Other F.R. liabilities and capital 4,552 77 - 365 4,448 137,032 - 383 +10,369 136,966 Reserves: With Federal Reserve Banks 3/ 29,038 -3,992 - 1,147 31,646 Currency and coin 11,552 +1,048 + 748 11,552 Total reserves held 4/ 40,772 -2,954 - 374 43,380 Required reserves 40,184 -3,558 .- 672 ' 40,184 Excess reserves 4/ 588 + 604 + 298 3,196 Note: A net of $27 million of deficit reserves were eligible to be carried forward from the week ended July 23, into the week ending July 30. On July 30, 1980, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $82,246 million, an increase of $386 million for the week. 1/ Net of $2,549 million, daily average, matched sale-purchase transactions outstanding during the latest statement week of which $2,549 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. Government securities. 2/ Net of $2,625 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which $2,625 million was with foreign official and international accounts. Includes $158 million securities loaned--fully secured by U.S. Government securities. V Includes reserves of Member Banks, Edge Act Corporations and U.S. Agencies and Branches of Foreign Banks. 4/ Adjusted to include $182 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 $348 million, daily average, held by Money Market Mutual Funds and other financial intermediaries; $-0- million, daily average, held by nonmember banks against managed liabilities; $-0- 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 i(a> CONSOLIDATED STATEMENT Oi- CONDITION OF'ALL FKDKRAL RESERVE BANKS ' ' (In millions of dollars) Wednesday Change July 30, July 23, August 1, A S S E TS 1980 1980 „. 1979... • id certificate account- * 11,171 - 119 ,(.-clal Drawing Rights certif. acct. 3,118 + 1,318 Co Lit 391 7 I ;u ins 2,620 + 2,072 + 1,272 .entrances-- Bought outright A. - 478 - 588 Held under repurchase agreements 8,873 + 630 deral Agency obligations--Bought outright Fe H eld under repurchase agreements 1/ - 553 - 166 U. S. Government securities: Bought outright—-Bills 45,300 - 1,698 + 4,039 Notes 58,174 + 3,119 Bonds 16,103 + 2,404 Total bought outright2/ 119,577 - 1,698 + 9,562 Held under repurchase agreements 1/ - 3,111 - 275 Tota1 U.S. Government securities 119,577 - 4,809 + 9,287 Total loans and securities 131,070 - 3,768 +10,435 Cash Items in process of collection (2,099) 9,923 442 - 2,590 Bank premises 445 2 + 46 Other assets jty 5,479 + 289 + 410 TOTAL ASSETS (2,099) 161,597 3,924 + 9,493 L I A B I L I T I ES Federal Reserve notes 115,816 99 +9,772 Deposits: Reserve accounts: Member Banks 31,183 -3,239 + 2,254 Edge Act Corporations 463 - 62 + 43 U.S. Agencies & Branches of Foreign Banks — -- nnii 6600 — Total 31,646 33,,336611 + 2,297 Special deposits—Credit Restraint Program — - 712 — U.S. Treasury--general account 3,073 + 218 939 Foreign 301 + 55 + 75 Other 415 - 51 326 35,435 -3,851 + 1,107 Total deposits (2,099) 5,898 - 50 896 Deferred availability cash items 4/ 1,880 - 122 + 35 Other liabilities and accrued dividends — (2,099) 159,029 -3,924 +10,018 TOTAL LIABILITIES C A P I T AL A C C O U N TS Capital paid in 1,175 + 1 + 45 Surplus 1,145 — + 67 Other capital accounts 248 - 1 - 637 *. 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. m 27 Net of $2,625 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $158 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. 47 Includes exchange translation account reflecting, beginning December 29, 1978, monthly revaluation at market exchange rates of foreign exchange commitments. MATURITY DISTRIBUTION' OF LOANS AND SECURITIES t JTIT.Y 30, 1 QRQ (Acceptances ?-)d 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 2,618 3,312 -3,398 83 -554 16 days to 90 days 2 25,461 - 824 761 91 days to 1 year 29,647 - 587 1,310 + 41 Over 1 year to 5 years 33,418 4,724 - 41 Over 5 years to 10 years 13,601 1,251 + I Over 10 years 14,138 ~ 744 Total 2,620 119,577 -4,809 8,873 ^53T 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 30, 1980 New Phila Cleve- Rich- St. Minne- Kansas San Total Boston York delphia land 1 mond Atlanta Chicago Louis apolis Citv Dallas Francisco , (In millions of dollars) A S S E TS Gold certificate account 11,171 1,097 3,024 1,010 727 961 665 1,252 464 225 501 442 803 Special Drawing Rights certif. acct. 3,118 159 823 151 248 283 98 509 131 52 137 164 363 Coin 391 23 16 17 42 48 40 22 29 16 47 29 62 Loans 2,620 94 1,704 351 147 75 30 47 12 101 7 25 27 Acceptances: Bought outright .. — -- -- — — _- -~ — — — — — Held under repurchase agreements — — — — — -- -- -- — -- — — -- 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/ — -- — — — -- — -- — — — — -- U.S. Government securities: Bought outright— Bills 45,300 2,070 11,775 1,966 3,422 3,721 1,641 7,118 1,820 810 2,123 2,689 6,145 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/ 119,577 5,463 31,082 5,191 9,034 9,822 4,333 18,789 4,805 2,136 5,604 7,097 16,221 Held under repurchase agreements 1/ .. -- — — — — — — -- — -- — Total U.S. Government securities 119,577 5,463 31,082 5,191 9,034 9,822 4,333 18,789 4,805 2,136 5,604 7,097 16,221 Total loans and securities 131,070 5,962 35,092 5,927 9,851 10,626 4,685 20,230 5,174 2,395 6,027 7,649 17,452 Cash items in process of collection 12,022 411 1,751 300 734 2,035 1,303 1,408 547 557 1,119 915 942 Bank premises 445 104 18 53 24 85 34 16 13 27 21 13 37 Other assets 3/ 5,479 199 1,399 270 394 370 301 761 181 133 243 309 919 Interdistrict settlement account -0- - 490 4- 4,522 -1,650 + 591 23 - 270 187 - 415 - 364 - 115 + 567 - 2,166 TOTAL 163,696 7,465 46,645 6,078 12,611 14,385 6,856 24,011 6,124 3,041 7,980 10,088 18,412 of which $-0-million was outstanding at the end of the latest statement week. 2/ Net of $2,625 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $158 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 30, 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 115,816 5,975 32,639 5,106 9,134 10,262 3,205 18,835 4,621 1,708 5,219 6,332 12,780 Deposits: Reserve Accounts 1/ 31,646 1,066 8,431 570 2,698 1,855 2,366 3,878 966 719 1,560 2,878 4,659 U.S. Treasury—general account 3,073 3,073 Foreign- Official Accounts 301 7 118 10 20 13 19 36 7 •8 11 14 38 Other 415 1 382 1 17 1 2 1 3 2 2 3 TToottaall ddeeppoossiittss 35,435 1,074 12,004 580 2,719 1,885 2,386 3,916 974 730 1,573 2,894 4,700 DDeeffeerrrreedd aavvaaiillaabbiilliittyy ccaasshh iitteemmss 7,997 260 859 216 420 1,939 991 602 380 491 996 579 264 Other liabilities and accrued dividends 2./ 1,880 80 488 80 132 159 87 275 70 34 81 126 268 TOTAL LIABILITIES 161,128 7,389 45,990 5,982 12,405 14,245 6,669 23,628 6,045 2,963 7,869 9,931 18,012 CAPITAL ACCOUNTS Capital paid in 1,175 33 298 44 95 61 90 174 34 38 50 72 186 Surplus : 1,145 33 290 45 95 58 87 168 35 36 49 67 182 Other capital accounts 248 10 67 7 ,i6 21 10 41 10 4 12 18 32 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 163,696 7,465 46,645 6,078 12,611 14,385 6,856 24,011 6,124 3,041 7,980 10,088 18,412 FEDERAL RESERVE AGENTS' ACCOUNTS F.R.. notes outstanding 134,469 7.109 36,550 6.536 9,836 11.566 5,325 20.805 5,613 2,399 6.518 7.376 14.836 Collateral for F.R. notes: Gold certificate account 11,172 1,097 3,024 1,010 727 961 665 1,252 465 225 501 44?. 803 Special Drawing Rights certif. acct. 3,118 159 823 151 248 283 98 509 131 52 137 164 363 Eligible paper 1,056 27 783 36 147 13 12 3 5 25 5 U.S. Govt, and Agency Securities 119,123 5,826 31,920 5,339 8,714 10,322 4,549 19,044 5,005 2,119 5,875 6,745 13,665 Total collateral 134,469 7,109 36,550 6,536 9,836 11,566 5,325 20,805 5,613 2,399 6,518 7,376 14,836 \l Includes reserves of Member Banks and Edge Act Corporations. 2/ 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