H.4.1 Factors Affecting Reserve Balances of Depository Institutions

..•pOf^Ow FEDERAL RESERVE Factors Affecting Bank Reserves and •-.ffras^ Condition Statement of F.R. Banks H.4.1 For immediate release September 12, 1980 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, September 1QJS eptember 3JSeptember 12,|1S eptember 10, and related items 1980 * 1980 1 1979 1980 * Reserve Bank credit: (In millions of dollars) U.S. Government securities-- Bought outright--System account -1 118,560 - 510 + 8,519 -/117,724 Held under repurchase agreements - 476 Federal Agency obligatio is-- Bought outright 8,860 - 13 626 8,782 Held under repurchase agreements - 275 Acceptances-- Bought outright Held under repurchase agreements 158 Loans-- Total member bank borrowing 594 - 754 - 636, 990 Includes seasonal borrowing of: 14 - 6 - 139 14 Other borrowing -- -- -- -- Float 6,147 +1, 924 - 1,276 6,064 Other F.R. assets 5,062 - 68 + 157 5,269 Total Reserve Bank credit 139,224 - 331 + 7,390 138,829 Gold Stock 11,171 - 1 84 11,170 Special Drawing Rights certif. acct. 3,268 -- + 1,468 3,268 Treasury currency outstanding 13,328 + 12 + 718 13,331 166,991 - 320 + 9,493 166,598 Currency in circulation ** 130,201 + 641 +10,518 130,553 Treasury cash holdings ** 470 + 1 + 202 470 Treasury deposits with F.R. Banks 3,033 + 327 - 315 3,023 Foreign deposits with F.R. Banks 341 + 13 13 272 Other deposits with F.R. Banks 365 - 44 - 251 421 Other F.R. liabilities and capital 4,433 - 76 + 106 4,307 138,843 + 861 +10,247 139,046 Reserves: With Federal Reserve Banks 3/ 28,148 -1, 181 - 754 27,553 Currency and coin 12,064 + 472 + 930 12,064 Total reserves held 4/ 40,390 - 709 + 197 39,795 Required reserves 40,052 - 558 43 40,052 Excess reserves 4/ 338 - 151 + 240 257 Note: A net of $233 million of surplus reserves were eligible to be carried forward from the week ended September 3, into the week ending September 10. On September 10, 1980, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $83,985 million, an increase of $340 million for the week. 1/ Net of $3,816 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $2,487 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. 2/ Net of $4,639 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which $3,084 million was with foreign official and international accounts. Includes $153 million securities loaned—fully secured by U.S. Government securities. 3/ Includes reserves of Member Banks and Edge Act Corporations. 4/ Adjusted to include $178 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. Estimated (San Francisco District). Estimated (Treasury's Figures). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.100 CON SO (. L 0 AT ED SA' TEMENT Or CutJOTTtO:! OF ALL KLDERAL (In mil Lions of dol lars) Wed day Change since Sept . 10, Sept. 3, Sept. 12, A S S E T S. 1980 * 1980 . 1979 0>ld certificate account 11,170 59 Special Drawing Rights certlf. acct. 3,268 + 1,468 Coin 394 + 4 32 Loans 990 + 146 - 1,542 Acceptances-- Bought outright Hold under repurchase agreements Federal Agency obligations—Bought outright 8,782 91 558 Held under repurchase agreements y U.S. Government securities: Bought outright--Bills 42,213 + 963 + 6,157 Notes 58,703 — + 3,058 Bonds 1166,,880088 — + 2,723 Total bought outright 2/ 111177,,772244 + 963 +11,938 Held under repurchase agreements 1/ — — Total U.S. Government securities 117,724 + 963 +11,938 Total loans and securities 127,496 +1,018 +10,954 Cash items in process of collection (6,995) 18,359 +4,361 + 4,781 Bank premises 449 — + 49 Other assets \J 4,820 + 199 + 484 TOTAL ASSET? (6,995) 165,956 +5,580 +17,645 LIABILITIES Federal Reserve notes 118,085 + 231 +10,105 Deposits: Reserve accounts: Member Banks 27,268 + 787 + 2,566 Edge Act Corporations 285 + 16 + 43 Total 27,553 + 803 + 2,609 U.S. Treasury—general account 3,023 + 419 103 Foreign — official accounts 272 5 45 Other (5,000) 421 + 3 + 95 Total deposits (5,000) 31,269 +1,220 + 2,556 Deferred availability cash items (1,995) 12,295 +4,116 + 5,170 Other liabilities and accrued dividends 4/ 1,732 + 31 - 184 TOTAL LIABILITIES (6,995) 163,381 +5,598 +17,647 C A P I T AL A C C O U N TS Capital paid in 1,181 + 50 Surplus 1,145 + 67 Other capital accounts 249 19 119 * Figures in parentheses are the eliminations made in the consolidating process. Estimated (San Francisco District). •k-k Does not include U.S. Government and Federal Agency securities resold under 1/ 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 $4,639 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $153 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 r.nmmit-TiiPni-g. MATURJTY DISTRIBUTION' OF LOANS AND SECURITIES, SEPTEMBER 10, 1980 (Acceptances a-id securities held under repurchase agreements are classified as maturing within 15 days In accordance \rith maximum maturity of the agreements U,S. Government Federal Age ncy Loans Accept securities obli«»at ances Holdings Weekly Holdings Week!; changes chanfl• Within 15 days 982 3,377 + 420 -0- -191 16 days to 90 days 8 21,143 +2,065 696 91 days to 1 year 29,191 -1,522 1,375 +133 Over 1 year to 5 years 36,036 — 4,818 + 2 Over 5 years to 10 year3 13,135 — 1,149 - 35 Over 10 years — 14,842 « 744 ^ m Total 990 "117,724 + 963 8,782 - 9T" 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 10, 1980 New Phila- Cleve- Rich- St. Minne- Kansas San * Total | Bo8ton York delohia land mond | Atlanta Chicago Louis aDolis Citv Dallas Francisco (In mill ions of dollars) A S S E TS Gold certificate account 11,170 1,397 2,522 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 394 22 18 18 41 50 42 23 27 15 45 31 62 Loans 990 101 473 16 5 10 14 18 2 6 6 2 337 Acceptances: Bought outright — — — — -- — — — — — — — — Held under repurchase agreements — — — ~ — — — -- — — — — — Federal Agency obligations— Bought outright 8,782 401 2,283 381 664 721 318 1,380 353 157 412 521 1,191 Held under repurchase agreements 1/ — — — — — — — — — — — — — U.S. Government securities: Bought outright— Bills 42,213 1,928 10,972 1,833 3,189 3,468 1,529 6,633 1,696 754 1,979 2,505 5,727 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/ 117,724 5,378 30,600 5,111 8,894 9,670 4,266 18,498 4,730 2,103 5,517 6,987 15,970 Held under repurchase agreements 1/ .. — — — •- -- — — — — -- — — Total U.S. Government securities 117.724 5,378 30,600 5,111 8,894 9,670 4.266 18.498 4.730 2T103 5,517 6,987 15.970 Total loans and securities 127,496 5,880 33,356 5,508 9,563 10,401 4,598 19,896 5,085 ?,266 5,935 7,510 17,498 Cash items in process of collection 25,354 493 5,568 913 815 2,370 2,275 3,550 661 1,511 1,701 1,242 4,255 Bank premises 449 104 18 53 24 86 35 16 13 28 21 13 38 Other assets 3/ 4,820 164 1,278 189 332 310 288 661 151 113 200 266 868 Interdistrict settlement account -0- - 964 +2,070 -1.561 + 215 - 555 -1,532 -1.857 - 673 -1,136 - 586 + 269 +6.310 TOTAL 172,951 7,262 45,693 6,327 11,827 14,170 6,573 23,875 6,066 3,037 8,161 9,845 30,115 1/ Does not include U.S. Government and Federal Agency securities resold under matched sale-purchased transactions to foreign official and international accounts, of which $-0- million was outstanding at the end of the latest statement week. 2/ Net of $4,639 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $153 million securities loaned—fully secured by U.S. Government securities. 3^/ Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. * Estimated (San Francisco District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON September 10, 1980 H.4.1(c) Phila St. Minne Kansas San Total Boston New York delphia Cleveland Richmond Atlanta Chicago Louis apolis City Dallas |Franclsco (In millions of dollars) L I A B I L I T I ES Federal Reserve notes 118,085 5,966 33,625 4,983 9,309 10,428 3,216 19,181 4,649 1,700 5,320 6,552 13,156 Deposits: Reserve Accounts 1/ 27,553 891 6,582 933 1,821 1,347 1,941 3,428 840 728 1,566 2,494 4,982 U.S. Treasury—general account 3,023 3,023 Foreign --official Accounts 272 6 124 8 16 10 15 29 6 6 9 12 31 Other 2/ 5.421 - 375 1 33 1 2 1 3 2 1 5.002 Total deposits 36,269 897 10,104 941 1,838 1,390 1,957 3,459 847 737 1,577 2,507 10,015 Deferred availability cash items 14,290 247 888 229 350 2,076 1,115 590 424 492 1,063 530 6,286 Other liabilities and accrued dividends 2/ 1.732 77 421 78 125 136 98 260 67 30 91 99 250 TOTAL LIABILITIES 170,376 7,187 45,038 6,231 11,622 14,030 6,386 23,490 5,987 2,959 8,051 9,688 29,707 CAPITAL ACCOUNTS Capital paid in 1,181 33 300 44 95 61 90 176 35 38 50 73 186 Surplus 1,145 33 290 45 95 58 87 168 35 36 49 67 182 Other capital accounts 249 9 65 7 15 21 10 41 9 4 11 17 40 TOTAL LIABILITIES AND CAPITAL ACCOUNTS I 172,951 7,262 45,693 6,327 11,827 14,170 6,573 23,875 6,066 3,037 8,161 9,845 30,115 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding ' 136,620 7,074 37,543 6,870 9,959 11,710 5,199 21,070 5,666 2,379 6,594 7,594 14,962 Less-Held by F.R.Banks 1 18.535 1 1.108 3.918 1.887 650 1.282 1,983 1.889 1.017 679 1.274 1.042 1.806 F.R. notes, net 118,085 5,966 33,625 4,983 9,309 10,428 3,216 19,181 4,649 1,700 5,320 6,552 13,156 Collateral for F.R. notes: Gold certificate account 11,170 1,397 2,522 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 103,647 4,403 30,240 3,776 8,472 8,920 2,349 17,595 3,847 1,460 4,475 6,038 12,072 Other eligible assets — — -- — — — -- •• — — — -- -- Total collateral 118,085 5,966 33,625 4,983 9,309 10,428 3,216 19,181 4,649 1,700 5,320 6,552 13,156 1/ 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. * Estimated (San Francisco District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis