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 September 19, 1980 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, September 1^| Sept. 10, Sept. 19, [September 17, and related items 1980 193Q 1221— 1980 Reserve Bank credit: (In millions of dollars) U.S. Government securities-- Bought outright--System account 1/ 119,679 +1,119 + 7,291 -1 118,541 Held under repurchase agreements 211 Federal Agency obligations-- Bought outright 8,782 78 + 558 8,782 Held under repurchase agreements 149 Acceptances— Bought outright Held under repurchase agreements 102 Loans-- Total member bank borrowing 1,213 + 619 - 549 590 Includes seasonal borrowing of: 21 + 7 - 142 21 Other borrowing Float 5,091 _ 987 _ 1,344 6,745 Other F.R. assets 5,151 + 114 + 687 5,325 Total Reserve Bank credit 139,916 + 786 + 6,180 139,983 Gold Stock 11,171 -- - 57 11,169 Special Drawing Rights certif. acct. 3,268 -- + 1,468 3,268 Treasury currency outstanding 13,332 + 4 + 701 13,336 167,687 + 790 + 8,292 167,756 Currency in circulation * 130,091 . 118 +10,855 130,060 Treasury cash holdings * 465 - 3 + 176 465 Treasury deposits with F.R. Banks 3,032 - 1 - 437 3,328 Foreign deposits with F.R. Banks 312 - 29 - 9 234 Other deposits with F.R. Banks 438 + 73 - 438 423 Other F.R. liabilities and capital 4,428 - 5 - 184 4,376 138,766 - 82 + 9,963 138,886 Reserves: With Federal Reserve Banks 3/ 28,921 + 872 _ 1,671 28,871 Currency and coin 11,658 - 406 + 1,489 11,658 Total reserves held 4/ 40,756 + 465 - 162 40,706 Required reserves 40,425 + 373 - 296 40,425 Excess reserves 4/ 331 + 92 + 134 281 Note: A net of $80 million of surplus reserves were eligible to be carried forward from the week ended September 10, into the week ending September 17. On September 17, 1980, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $84,623 million, an increase of $638 million for the week. 1/ Net of $2,699 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $2,699 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. 2/ Net of $3,922 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which $3,922 million was with foreign official and international accounts. Includes $277 million securities loaned—fully secured by U.S. Government securities. Includes reserves of Member Banks and Edge Act Corporations. 4/ Adjusted to include $177 million waivers of penalities for reserve deficiencies in accordance with Board policy effective November 19, 1975. Estimated (Treasury^ 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 Sept. 17, Sept. 10, Sept. 19, A S S E TS 1980 1980 1979 , Gold certificate account 11,169 1 59 Special Drawing Rights certif. acct. i 3,268 — + 1,468 Coin 404 + 10 32 Loans 590 - 400 - 373 Acceptances--Bdught outright Held under repurchase agreements Federal Agency obligations--Bought outright 8,782 558 Held under repurchase agreements 1/ U.S. Government securities: Bought outright—Bills 43,030 + 817 + 2,948 Certificates Notes 58,703 + 3,058 Bonds 16.808 + 2.723 Total bought outright 2/ 118,541 + 817 + 8,729 Held under repurchase agreements 1/ Total U.S. Government securities 118.541 + 817 + 8.729 Total loans and securities 127,913 + 417 + 8,914 Cash items in process of collection (2,413) 14,028 +1,585 + 480 Bank premises 448 1 + 48 Other assets 3_/ 4.877 + 211 + 671 TOTAL ASSETS (2,413) 162.107 +2.221 +11.490 L I A B I L I T I ES Federal Reserve notes 117,592 - 532 +10,319 Deposits: Reserve Accounts 28,871 +1,416 + 1,389 U.S. Treasury—general account 3,328 + 305 + 542 Foreign — official accounts 234 - 38 25 Other 423 + 2 - 263 Total deposits 32,856 +1,685 + 1,643 Deferred availability cash items 4/ (2,413) 7,283 + 994 - 251 Other liabilities and accrued dividends 1,803 + 71 23 TOTAL LIABILITIES (2,413) 159,534 +2,218 +11,688 C A P I T AL A C C O U N TS Capital paid in 1,183 + 2 + 51 Surplus 1,145 -- + 67 Other capital accounts 245 + 1 - 316 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. 1/ Net of $3,922 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $227 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 17, 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 547 3,145 - 232 233 +233 16 days to 90 days 43 21,161 + 18 526 -170 91 days to 1 year 30,222 +1,031 1,312 - 63 Over 1 year to 5 years 36,036 — 4,818 — Over 5 years to 10 years 13,135 — 1,149 .- Over 10 years 14,842 — 744 — Total 590 118,541 + 817 8,782 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 17, 1980 New Phila- Cleve- Rich- St. Minne- Kansas San Total Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas Francisco (In mill ions of dollars) A S S E TS Gold certificate account 11,169 577 3,021 560 847 961 465 1,722 465 225 501 572 1,253 Special Drawing Rights certif. acct. 3,268 166 863 157 260 297 102 534 137 55 144 172 381 Coin 404 23 17 19 41 50 44 23 29 15 46 31 66 Loans 590 18 14 1 2 63 99 320 18 7 6 4 38 Acceptances: Bought outright — — -- — — -- — — -- -- -- -« -- Held under repurchase agreements 1/ ~ -- -- -- — _- -- -- -- — -- -- -- 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 — -- -- -- -- -- -- -- — -- -- — -- U.S. Government securities: Bought outright— Bills 43,030 1,966 11,184 1,868 3,251 3,535 1,560 6,761 1,729 768 2,017 2,553 5,838 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/ 118,541 5,416 30,812 5,146 8,956 9,737 4,297 18,626 4,763 2 ,117 5,555 7,035 16,081 Held under repurchase agreements 1/ — — — — — — — — — — — -- — Total U.S. Government securities 118,541 5,416 30,812 5,146 8,956 9,737 4,297 18,626 4,763 2 ,117 5,555 7,035 16,081 Total loans and securities 127,913 5,835 33,109 5,528 9,622 10,521 4,714 20,326 5,134 2 ,281 5,973 7,560 17,310 Cash items in process of collection 16,441 594 1,773 543 1,043 2,506 1,843 2,485 945 1 ,140 1,341 989 1,239 Bank premises 448 103 18 53 24 86 35 16 13 28 21 13 38 Other assets 3/ 4,877 171 1,300 193 343 305 293 664 155 113 205 324 811 Interdistrict settlement account -0- - 182 +6,221 - 932 - 116 - 378 - 437 -1,850 - 440 - 758 + 85 + 645 -1,858 TOTAL 164,520 7,287 46,322 6,121 12,064 14,348 7,059 23,920 6,438 3 ,099 8,316 10,306 19,240 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 $3,922 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $227 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 CC00NNDDTT??II00NN OOFF KKAAGG''ll rr''EEii) EXNAL RESERV E BANK ON September 17, 1980 H.4.1(c) i 1 PPhhiillaa-- St. Minne Kansas Total Boston NNeeww YYoorrkk ddeeiipphhiiaa j Cleveland Richmond Chicago Louis apolis City Dallas San |Atlanta Francisco (In millions of dollars) L I A B I L I T I ES Federal Reserve notes 117,592 j 5,928 33,677 4,909 9,293 10,347 3,136 19,158 4,629 1,697 5,306 6,536 12,976 Deposits: Reserve Accounts \J 28,871 891 6,724 714 1,928 1,336 2,361 3,411 1,078 749 1,673 2,782 5,224 U.S. Treasury--general account 3,328 3,328 Foreign..official Accounts 234 6 86 8 16 10 15 29 6 6 9 12 31 Other 423 377 1 33 1 3 3 2 1 2 Total deposits 32,856 897 10,515 722 1,945 1,379 2,377 3,443 1,084 758 1,684 2,795 5,257 Deferred availability cash items 9,696 306 1,030 316 487 2,338 1,262 660 575 531 1,134 713 344 Other liabilities and accrued dividends 2/ 1,803 80 442 77 132 144 96 274 71 34 81 104 268 TOTAL LIABILITIES 161,947 7,211 45,664 6,024 11,857 14,208 6,871 23,535 6,359 3,020 8,205 10,148 18,845 CAPITAL ACCOUNTS Capital paid in j 1,183 33 301 44 95 61 90 176 35 38 51 73 186 Surplus i 1,145 33 290 45 95 58 87 168 35 36 49 67 182 Other capital accounts 245 ; 10 67 8 17 21 11 41 9 5 11 18 27 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 164,520 | 7,287 46,322 6,121 12,064 14,348 7,059 23,920 6,438 3,099 8,316 10,306 19,240 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 136,884 7,096 37,825 6,868 9,995 11,707 5,213 21,076 5,647 2,370 6,593 7,590 14,904 Less-HeId by Bank 19,292 1,168 4,148 1,959 702 1,360 2,077 1,918 1,018 673 1,287 1,054 1,928 F.R. notes, net 117,592 5,928 33,677 4,909 9,293 10,347 3,136 19,158 4,629 1,697 5,306 6,536 12,976 Collateral for F.R. notes Gold certificate account 11,169 577 3,021 560 847 961 465 1,722 465 225 501 572 1,253 Special Drawing Rights certif. acct, 3,268 166 863 157 260 297 102 534 137 55 144 172 381 U#S. govt, tad agency securities 103,155 5,185 29,793 4,192 8,186 9,089 2,569 16,902 4,027 1,417 4,661 5,792 11,342 Other eligible assets — — -- — — .- — — — — -- -- — Total collateral 117,592 5,928 33,677 4,909 9,293 10,347 3,136 19,158 4,629 1,697 5,306 6,536 12,976 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. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis