H.4.1 Factors Affecting Reserve Balances of Depository Institutions

/£&&&• FEDERAL RESERVE Factors Affecting Bank Reserves and •ffSTS*.-" Condition Statement of F.R. Banks H.4.1 For immediate release September 26, 1980 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Sept. 24, Sept. 17, Sept. 26, Sept. 24, and related items 1980 198Q 1979 1980 Reserve Bank credit: (In millions of dollars) U.S. Government securities-- 1/ ,2/ Bought outright—System account 120,099 + 420 + 6,621 H^ 120,713 Held under repurchase agreements - 1,268 Federal Agency obligations-- Bought outright 8,782 + 558 8,782 Held under repurchase agreements 402 Acceptances-- Bought outright Held under repurchase agreements 382 Loans-- Total member bank borrowing 1,630 + 417 + 471 3,617 Includes seasonal borrowing of: 30 + 9 150 35 Other borrowing Float 4,446 . 608 - 644 4,171 Other F.R. assets 5,315 + 164 + 1,205 5,547 Total Reserve Bank credit 140,272 + 393 + 6,159 142,830 Gold Stock 11,169 - 2 59 11,168 Special Drawing Rights certif. acct. 3,268 -- + 1,468 3,268 Treasury currency outstanding 13,337 + 5 + 692 13,341 168,046 + 396 + 8,260 170,607 Currency in circulation * 129,417 - 671 +10,775 129,527 Treasury cash holdings * 470 + 2 + 163 470 Treasury deposits with F.R. Banks 3,126 + 94 - 1,427 3,928 Foreign deposits with F.R. Banks 267 - 45 + 5 301 Other deposits with F.R. Banks 325 - 113 297 286 Other F.R. liabilities and capital 4,541 + 113 307 4,430 138,146 - 620 + 8,913 138,942 Reserves: With Federal Reserve Banks 3/ 29,901 +1, 017 - 652 31,666 Currency and coin 11,631 - 27 + 795 11,631 Total reserves held 4/ 41,712 + 993 4- 167 43,477 Required reserves 41,598 +1, 183 -1- 79 41,598 Excess reserves 4/ 114 - 190 + 88 1,879 Note: A net of $153 million of surplus reserves were eligible to be carried forward from the week ended September 17, into the week ending September 24. On September 24, 1980, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $83,988 million, a decrease of $635 million for the week. 1/ Net of $2,464 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $2,464 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. Government securities. 1} Net of $1,851 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which $1,851 million was with foreign official and international accounts. Includes $256 million securities loaned--fully secured by U.S. Government securities. 3/ Includes reserves of Member Banks and Edge Act Corporations. 4/ Adjusted to include $180 million waivers of penalties 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) :0N80L[DATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS fin millions of dollars) Wednesday Change since Sept. 24, Sept. 17, 1 Sept. 26, A S S E TS 1980 1980 I 1979 Gold certificate account 11,168 1 60 Special Drawing Rights certif. acct. * 3,268 — 4- 1,468 Coin 421 + 17 23 Loans 3,617 +3,027 + 1,797 Acceptances—Bought outright — — -«=, Held under repurchase agreements — — - 684 Federal Agency obligations—Bought outright 8,782 — + 558 Held under repurchase agreements 1/ — — 308 U.S. Government securities: "~ Bought outright—Bills 45,202 +2,172 + 1,080 Certificates Notes 58,703 — + 3,058 Bonds 16,808 — + 2,723 Total bought outright 2/ 120,713 +2,172 + 6,861 Held under repurchase agreements 1/ — -- - 1,153 Total U.S. Government securities 120,713 +2,172 + 5,708 Total loans and securities 133,112 +5,199 + 7,071 Cash items in process of collection (2,077) 10,718 -3,310 - 2,547 Bank premises 449 + 1 + 49 Other assets jty 5,098 + 221 +1,306 TOTAL ASSETS (2,077) 164,234 +2,127 + 7,264 L I A B I L I T I ES Federal Reserve notes 117,076 - 516 +10,017 Deposits: Reserve Accounts 31,666 +2,795 + 1 U.S. Treasury—general account 3,928 + 600 - 1,555 Foreign — official accounts 301 + 67 + 26 Other 286 - 137 285 Total deposits 36,181 +3,325 - 1,813 Deferred availability cash items (2,077) 6,547 - 736 - 515 Other liabilities and accrued dividends 47f 1,830 ++ 2277 67 TOTAL LIABILITIES (2,077) 161,634 ++22,,110000 + 7,622 C A P I T AL A C C O U N TS Capital paid in 1,183 —— + 49 Surplus 1,145 — + 67 Other capital accounts 272 + 27 - 474 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 $1,018 million was outstanding at the end of the latest statement week. 2/ Net of $1,851 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $256 million securities loaned— fully secured by U.S. Government securities. 2/ 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 24. 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 3,610 4,488 +1 ,343 233 16 days to 90 days 7 21,940 + 779 526 91 days to 1 year 30,272 + 50 1,312 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 3,617 120,713 +2,172 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 24, 1980 New Fhila- Cleve Rich- St. Minne- Kansas San Total Boston York delnhia land 1 mond Atlanta Chicago Louis apolis Citv Dallas Francisco (In millions of dollars) A S S E TS Gold certificate account 11,168 577 3,020 560 847 961 465 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 421 25 22 19 44 52 45 23 28 15 46 30 72 Loans 3,617 185 1,222 9 129 423 226 998 42 52 19 8 304 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 45,202 2,065 11,749 1,963 3,415 3,713 1,637 7,103 1,817 807 2,119 2,682 6,132 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/ 120,713 5,515 31,377 5,241 9,120 9,915 4,374 18,968 4,851 2,156 5,657 7,164 16,375 Held under repurchase agreements 111/// ... — — — — — — — — — — -- — — Total U.S. Government securities 120,713 5,515 31,377 5,241 9,120 9,915 4,374 18,968 4,851 2,156 5,657 7,164 16,375 Total loans and securities 133,112 6,101 34,882 5,631 9,913 11,059 4,918 21,346 5,246 2,365 6,088 7,693 17,870 Cash items in process of collection 12,795 350 1,431 491 785 2,104 2,108 1,426 672 594 1,057 868 909 Bank premises 449 103 18 53 24 86 35 16 13 28 21 13 39 Other assets 3/ 5,098 177 1,352 217 357 318 286 694 163 117 382 278 757 Interdistrict settlement account -0- - 139 +6,054 - 913 - 196 - 643 - 772 - 975 - 257 - 128 11 + 334 -2,354 TOTAL 166,311 7,360 47,642 6,215 12,034 14,234 7,187 24,786 6,467 3,271 8,228 9,960 18,927 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 $1,018 million was outstanding at the end of the latest statement week. 2/ Net of $1,851 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $256 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 September 24, 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 117,076 5,868 33,519 4,805 9,214 10,319 3,301 18,959 4,595 1,681 5,296 6,563 12,956 Deposits: Reserve Accounts 1/ 31,666 1,079 7,757 966 1,995 1,580 2,497 4,524 1,143 1,056 1,675 2,513 4,881 U.S. Treasury—general account 3,928 3,928 Foreign 301 6 153 8 16 10 15 29 6 6 9 12 31 Other 286 245 1 30 1 2 3 2 1 1 Total deposits 36,181 1,085 12,083 974 2,012 1,620 2,513 4,555 1,149 1,065 1,686 2,526 4,913 Deferred availability cash items 8,624 251 928 260 469 2,008 1,076 610 571 412 1,043 608 388 Other liabilities and accrued dividends 2/ 1,830 80 454 79 133 146 109 275 70 34 82 105 263 TOTAL LIABILITIES 163,711 7,284 46,984 6,118 11,828 14,093 6,999 24,399 6,385 3,192 8,107 9,802 18,520 CAPITAL ACCOUNTS Capital paid in 1,183 33. 301 44 94 61 90 176 35 38 51 73 187 Surplus 1,145 33 290 45 95 58 87 168 35 36 49 67 182 Other capital accounts 272 10 67 8 17 22 11 43 12 5 21 18 38 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 166,311 7,360 47,642 6,215 12,034 14,234 7,187 24,786 6,467 3,271 8,228 9,960 18,927 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 136,938 7,108 37,835 6,816 9,924 11,723 5,405 20,896 5,620 2,355 6,599 7,643 15,014 Less-HeId by Bank 19,862 1,240 4,316 2,011 710 1,404 2,104 1,937 1,025 674 1,303 1,080 2,058 F.R. notes, net 117,076 5,868 33,519 4,805 9,214 10,319 3,301 18,959 4,595 1,681 5,296 6,563 12,956 Collateral for F.R. notes Gold certificate account 11,168 577 3,020 560 847 961 465 1,722 465 225 501 572 1,253 Special Drawing Rights cer tif. acct. 3,268 166 863 157 260 297 102 534 137 55 144 172 381 U.S. govt, and agency securities 102,640 5,125 29,636 4,088 8,107 9,061 2,734 16,703 3,993 1,401 4,651 5,819 11,322 Other eligible assets Total collateral 117,076 5,868 33,519 4,805 9,214 10,319 3,301 18,959 4,595 1,681 5,296 6,563 12,956 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