H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and .f«s*V Condition Statement of F.R. Banks H.4.1 For immediate release September 5, 1980 Averages of da Lly figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, September 3, Augu st 27,1 September $ September 3, and related items 198Q 1980 1 1979 1980 Reserve Bank credit: (In millions of dollars) U.S. Government securities-- Bought outright--System account 1J 119,070 » 674 + 6 ,404 -1 116,761 Held under repurchase agreements 476 + 476 - 5 -- Federal Agency obligations-- Bought outright 8,873 -- + 631 8,873 Held under repurchase agreements 275 + 275 + 136 -- Acceptances-- Bought outright —— Held under repurchase agreements 158 + 158 - 276 Loans-- Total member bank borrowing 1,348 + 648 + 8 844 Includes seasonal borrowing of: 20 + 10 - 152 10 Other borrowing Float 4,388 -1, 081 . 684 5,819 Other F.R. assets 5,130 + 196 + 516 5,070 Total Reserve Bank credit 139,720 - 1 + 6 ,731 137,367 Gold Stock 11,172 + 1 - 87 11,172 Special Drawing Rights certif. acct. 3,268 — + 1 ,468 3,268 Treasury currency outstanding 13,316 + 3 + 644 13,323 167,476 + 3 + 8 ,756 165,130 Currency in circulation * 129,559 + 631 +10, 502 130,316 Treasury cash holdings * 470 - 1 + 201 470 Treasury deposits with F.R. Banks 2,706 -1, 134 - 653 2,604 Foreign deposits with F.R. Banks 328 + 39 - 7 277 Other deposits with F.R. Banks 409 + 1 - 313 418 Other F.R. liabilities and capital 4,509 + 37 - 328 4,294 137,982 - 427 + 9 ,403 138,379 Reserves: With Federal Reserve Banks 3/ 29,494 + 428 „ 647 26,750 Currency and coin 11,592 + 457 + 996 11,592 Total reserves held 4/ 41,264 + 882 + 370 1 38,520 Required reserves "~ 40,610 + 317 + 121 40,610 Excess reserves 4/ 654 + 565 + 249 - 2,090 Note: A net of $38 million of surplus reserves were eligible to be carried forward from the week ended August 27, into the week ending September 3. On September 3, 1980, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $83,645 million, a decrease of $763 million for the week. 1/ Net of $3,530 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $3,008 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. Government securities. 2/ Net of $5,839 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which $2,185 million was with foreign official and international accounts. Includes $160 million securities loaned—fully secured by U.S. Government securities. 1/ Includes reserves of Member Banks and Edge Act Corporations. 4/ Adjusted to include $178 million waivers of penalities for reserve deficiencies in accordance with Board policy effective November 19, 1975. Estimated (Treasury*s Figures). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(a) CONSOLIDATED STATEMENT Or CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Chance since Sept. 3, Aug. 27, Sept. 5, A S S E TS 1980 1980 _j 1979 Cold certificate account 11,172 + 1 87 Special Drawing Rights certif. acct. * 3,268 — + 1,468 Coin 390 12 46 Loans 844 -1,728 - 216 Acceptances-- Bought outright Held under repurchase agreements Federal Agency obligations—Bought outright 8,873 631 Held under repurchase agreements 1/ U.S. Government securities: Bought outright—Bills 41,250 -1,929 188 Notes 58,703 + 3,058 Bonds 16,808 + 2,723 Total bought outright 2/ 116,761 -1,929 + 5,593 Held under repurchase agreements J7 Total U.S. Government securities 116,761 -1,929 + 5,593 Total loans and securities 126,478 -3,657 + 6,008 Cash items in process of collection (2,808) 13,998 +3,369 - 461 Bank premises 449 + 49 Other assets 3/ 4,621 - 95 6 TOTAL ASSETS (2,808) 160,376 - 394 + 6,925 L I A B I L I T I ES Federal Reserve notes 117,854 +. 980 + 9,980 Deposits: Reserve accounts: Member Banks 26,481 -2,301 - 2,611 Edge Act Corporations 269 - 239 112 U.S. Agencies & Branches of Foreign Banks Total 26,750 -2,540 - 2,723 Special deposits—Credit Restraint Program U.S. Treasury--general account 2,604 -1,145 - 249 Foreign — official accounts 277 + 78 - 35 Other (4) 418 + 36 + 119 Total deposits (4) 30 ,049 -3,571 - 2,888 Deferred availability cash items (2,804) 8 179 +2,270 83 Other liabilities and accrued dividends 4/ lj 701 - 102 268 TOTAL LIABILITIES (2,808) 157,783 423 + 6,741 C A P I T AL A C C O U N TS Capital paid in 1,180 + 49 Surplus 1,145 + 67 Other capital accounts 268 29 + 68 * Figures in parentheses are the eliminations made in the consolidating process. \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. 2/ Net of $5,839 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $160 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. SEPTEMBER 3. 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 chanty Within 15 days 839 2,957 + 592 191 -96 16 days to 90 days 5 19,078 -2,798 696 +90 91 days to 1 year 30,713 + 278 1,242 - 8 Over 1 year to 5 years 36,036 1 4,816 +14 Over 5 years to 10 years 13,135 — 1,184 — Over 10 years 14,842 -. 744 -- Total 844 116,761 -1,929 8,873 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 SEPTEMBER 3, 1980 New Phila- Cleve- Rich St. Minne- Kansas San Total Boston York delphia -ignd_ mond Atlanta Chicago Louis apolis City Dallas Francisco (In millions of dollars) A S S E TS Gold certificate account 11,172 1,397 2,524 1,050 577 1,211 765 1,052 665 185 701 342 703 Special Drawing Rights certif. acct. 3,268 166 863 157 260 297 102 534 137 55 144 172 381 Coin 390 22 17 17 40 49 41 24 28 15 46 29 62 Loans 844 43 432 72 17 2 20 185 3 4 24 11 31 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 \j U.S. Government securities: Bought outright— Bills 41,250 1,884 10,722 1,791 3,116 3,389 1,494 6,482 1,658 736 1,934 2,448 5,596 Certificates Notes 58,703 2,682 15,259 2,548 4,435 4,822 2,128 9,224 2,359 1,048 2,751 3,484 7,963 Bonds 16,808 768 4,369 730 1,270 1>380 609 2,641 675 301 787 998 2,280 Total bought outright 2/ 116,761 5,334 30,350 5,069 8,821 9,591 4,231 18,347 4,692 2,085 5,472 6,930 15,839 Held under repurchase agreements 1/ Total U.S. Government securities ~" 116,761 5,069 4,231 18,347 4,692 2,085 5,472 6,930 15,839 Total loans and securities 126,478 5,782 33,088 5,526 9,508 10,322 4,573 19,926 5,052 2,247 5,912 7,468 17,074 Cash items in process of collection 16,806 565 1,980 605 875 3,105 2,611 1,809 739 830 1,604 1,132 951 Bank premises 449 104 18 53 24 86 35 16 13 28 21 13 38 Other assets 3/ 4,621 161 1,270 193 330 284 350 648 1AA. 124 193 255 669 Interdistrict settlement account -0- - 793 +5,047 -1,273 + 576 1 -1,211 - 168 - *33 218 - 297 + 543 TOTAL 163,184 | ,404 44,807 6,328 12,190 15,353 ',266 23,841 3,266 8,324 9,954 18,306 JL/ 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 $5,839 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $160 million securities loaned--fully secured by U.S. Government securities. 3_l 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 September 3, 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 E S. Federal Reserve notes 117,854 5,943 33,463 5,015 9,268 10,460 3,323 19,104 4,651 1,698 5,326 6,541 13,062 Deposits: Reserve Accounts 1/ 26,750 955 5,971 845 2,002 1,724 2,151 3,359 869 862 1,417 2,351 4,244 U.S. Treasury—general account 2,604 2,604 Foreign—official Accounts 277 6 129 8 16 10 15 29 6 6 9 12 31 Other 422 - 372 3 33 2 2 1 3 2 1 3 Total deposits 30,053 961 9,076 853 2,021 1,767 2,168 3,390 876 871 1,428 2,364 4,278 Deferred availability cash items 10,983 347 1,185 290 579 2,850 1,503 697 474 584 1,372 792 310 Other liabilities and accrued dividends 2/ 1.701 76 421 73 125 136 82 262 67 33 78 99 249 TOTAL LIABILITIES 160,591 7,327 44,145 6,231 11,993 15,213 7,076 23,453 6,068 3,186 8,204 9,796 17,899 CAPITAL ACCOUNTS Capital paid in 1,180 33 300 44 95 61 90 176 35 38 50 72 186 Surplus 1,145 33 290 45 95 58 87 168 35 36 49 67 182 Other capital accounts 268 11 72 8 7 21 13 44 7 6 21 19 39 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 163,184 7,404 44,807 6,328 12,190 15,353 7,266 23,841 6,145 3,266 8,324 9,954 18,306 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 136,355 7,087 37,358 6,875 9,923 11,687 5,275 20,961 5,677 2,384 6,604 7,568 14,956 Held by F.R. Banks and Branches 5 etc 18 4 501 1,144 3.895 1.860 655 1.227 1.952 1.857 1,026 686 1.278 1.027 1.894 F.R. notes, net 117,854 5,943 33,463 5,015 9,268 10,460 3.323 19,104 4,651 1,698 5,326 6,541 13,062 Gold certificate account 11,172 1,397 2,524 1,050 577 1,211 765 1,052 665 185 701 342 703 Special Drawing Rights certif. acct. 3,268 166 863 157 260 297 102 534 137 55 144 172 381 U.S. Govt, and Agency securities 103.414 4.380 30.076 3.808 8.431 8.952 2,456 17.518 3.849 1.458 4,481 6.027 11,978 Total collateral ! 117,854 5,943 33,463 5,015 9,268 10,460 3,323 19,104 4,651 1,698 5,326 6,541 13,062 XI 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