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 October 10, 1980 Averages <> f daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, October 8, Oct. 1, Oct. 10, 1O ctober 8, and related items 1980 1980 1979 1980 Reserve Bank credit: (In millions of dollars) U.S. Government securities-- Bought outright--System account -1 118,237 -2,582 + 5,440 -/117,173 Held under repurchase agreements 2,413 +1,591 + 2,348 — Federal Agency obligations-- Bought outright 8,779 2 + 556 8,779 Held under repurchase agreements 575 + 300 + 534 -- Acceptances-- Bought outright Held under repurchase agreements 327 + 100 + 282 "-"- Loans— Total member bank borrowing 1,248 - 625 + 311 623 Includes seasonal borrowing of: 48 + 8 - 91 40 Other borrowing Float 3,282 - 92 . 3,288 3,822 Other F.R. assets 5.316 - 35 + 1.036 5,468 Total Reserve Bank credit 140,178 -1,345 + 7,219 135,865 Gold Stock 11,167 1 - 56 11,166 Special Drawing Rights certif. acct. 3,268 -- + 1,468 3,268 Treasury currency outstanding 13,346 + 5 + 637 13,347 167,959 -1,341 + 9,267 163,646 Currency in circulation * 129,986 + 819 +10,111 130,798 Treasury cash holdings * 470 -- + 136 470 Treasury deposits with F.R. Banks 3,302 - 966 + 419 3,331 Foreign deposits with F.R. Banks 299 - 10 + 18 272 Other deposits with F.R. Banks 283 - 138 - 327 286 Other F.R. liabilities and capital 4.632 + 42 - 37 4,372 138,972 - 253 +10,321 139,529 Reserves: With Federal Reserve Banks 3>/ 28,987 -1,088 - 1,054 24,117 Currency and coin 12,090 + 79 + 1,011 12,090 Total reserves held 4/ 41,245 -1,012 - 19 36,375 Required reserves 40,783 -1,096 + 60 40,783 Excess reserves 4/ 462 + 84 - 79 1 - 4,408 Note: A net of $175 million of surplus reserves were eligible to be carried forward from the week ended October 1, into the week ending October 8. On October 8, 1980, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $85,185 million, an increase of $806 million for the week. 1/ Net of $3,982 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $2,568 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. Government securities. 2/ Net of $4,988 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which $2,262 million was with foreign official and international accounts. Includes $141 million securities loaned-fully secured by U.S. Government securities. 3/ Includes reserves of Member Banks and Edge Act Corporations. 4/ Adjusted to include $168 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) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS Millions of dollars Change since ** WWeeddnneessddaayy Wednesday Wednesday •» October 8, 1980 October 1, 1980 October 10, t97S ASSETS Gold certificate account 11,166 2 - 46 Special Drawing Rights certif. acct. 3,268 — + 1,468 Coin 415 6 - 35 Loans 623 -2,641 + 109 Acceptances- — -- -- -- -- Held under repurchase aggreements - 623 Federal agency abligations— Bought outright 8,779 -- + 558 Held under repurchase agreements 1 -- - 946 -- U.S. government securities: Bought outright-Bills 41,662 -2,336 - 1,214 Notes 58,703 -- + 2,524 Bonds 1166,,880088 -- 2,623 Total bought outright 2 111177,,117733 -2,336 ++ 3,933 Held under repurchase agreements1 -- -2,549 -- Total U.S. government securities 117,173 -4,885 + 3,933 Total loans and securities 126,575 -9,095 + 4,600 Cash items in process of collection (2,111) 10,482 - 493 - 6,665 Bank premises 452 + 1 + 50 Other assets 3 5,016 - 174 + 909 TOTAL ASSETS (2,111) 157,374 -9,769 +_ 281 LIABILITIES Federal Reserve notes 118,336 +1,038 + 9,651 Deposits: Reserve Accounts 24,117 -8,344 - 7,891 U.S. Treasury—general account 3,331 - 794 + 706 Foreign—official accounts 272 - 41 - 8 Other 286 - 924 - 400 Total deposits 28,006 -10,103 - 7,593 Deferred availability cash items (2,111) 6,660 - 342 - 1,587 Other liabilities and accrued dividends 4 1,797 - 342 - 225 TOTAL LIABILITIES (2,111) 154,799 -9,749 + 246 CAPITAL ACCOUNTS Capital paid in 1,184 -- + 49 Surplus 1,145 — + 67 Other capital accounts 246 20 - 81 Figures in parentheses are the eliminations made in the consolidating process. Does not include U.S. government and federal agency securities resold under matched sale-purchase transactions to foreign official and inter national accounts, of which $ -0- million was outstanding at the end of the latest statement week. Net of $4,988 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 141 million securities loaned-fully secured by U.S. government securities. Includes assets denominated in foreign currencies. Beginning December 29, 1978, such assets are revalued monthly at market exchange rates. Includes exchange-transaction account reflecting, beginning December 29, 1978, the monthly revaluation at market exchange rates of foreign exchange commitments. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, OCTOBER 8, 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 securities Federal agency obligations LLooaannss AAcccceeppttaanncceess Holdings | Weekly changes Holdings | Weekly changes Within 15 days 582 -- 3,167 -2,213 131 -833 16 days to 90 days 41 -- 20,724 - 890 576 + 68 91 days to 1 year -- -- 28,969 -1,782 1,361 -181 Over 1 year to 5 years -- -- 36,336 -- 4,818 — Over 5 years to 10 years -- -- 13,135 -- 1,208 -- Over 10 years ff55 1144,,884422 — 668855 -- Total 662233 111177,,117733 -4,885 88,,777799 -946 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 OCTOBER 8, 1980 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco ASSETS Gold certificate account 11,166 577 3,018 560 847 961 465 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 415 27 18 18 43 51 47 22 28 15 46 29 71 Loans 623 14 43 31 32 28 239 143 13 20 35 24 1 Acceptances held under repurchase agreements __ -- — -_ -- _- — — -- — — -- Federal agency obligations: Bought outright 8,779 401 2,282 381 663 721 318 1,380 353 157 411 521 1,191 Held under repurchase agreements 1 -- -- -- -- — -" — — *- •— — — — U.S. government securities: Bought outright-Bills 41,662 1,903 10,829 1,809 3,147 3,423 1,509 6,547 1,674 744 1,953 2,472 5,652 Certificates: Special -- -- -- -- -- -- — — -- -- -- -- Other -- _- -- -- -- — T» -- -- -- -- -- -- -- 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 2 117,173 5,353 30,457 5,087 8,852 9,625 4,246 18,412 4,708 2,093 5,491 6,954 15,895 Held under repurchase agreements 1 -- -- .. -- -- • - -• -- -- -- -- -- Total U.S. government securities ~~ 117,173 5,353 30,457 5,087 8,852 9,625 4,246 18,412 4,708 2,093 5,491 6,954 15,895 Total loans and securities 126,575 5,768 32,782 5,499 9,547 10,374 4,803 19,935 5,074 2,270 5,937 7,499 17,087 Cash items in process of collection 12,593 372 1,576 454 557 2,065 1,819 1,650 615 724 1,253 774 734 Bank premises 452 103 19 53 24 87 35 16 13 28 21 13 40 Other assets 3 5,016 178 1,353 213 365 360 274 719 166 125 218 279 766 Interdistrict settlement account -0- - 143 +5,783 - 662 - 75 - 120 r 610 -lff337 - 575 - 418 - 164 + 516 -2,195 TOTAL ASSETS 159,485 7,048 45,412 6,292 11,568 14,075 6,935 23,261 5,923 3,024 7,956 9,854 18,137 1 Does not include U.S. government and federal agency securities resold under matched sale-purchase transactions to foreign official end international accounts, of which $ -o- million was outstanding at the end of the latest statement week. 2 Net of $ 4,988 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 141 million securities lotned-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

H.4.1 (c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 8, 1980 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 118,336 5,937 33,580 4,899 9,356 10,540 3,347 19,130 4,655 1,698 5,376 6,723 13,095 Deposits: Reserve accounts 1 24,117 698 6,059 964 1,469 1,109 1,926 2,819 689 716 1,344 2,259 4,065 U.S. Treasurer-genera! account 3,331 -- 3,331 -- -- — -- -- -- -- -- -- -- Foreign—official accounts 272 8 71 10 22 14 20 39 8 9 12 16 43 Other 286 -- 247 — 1 25 2* 2 1 6 1 -- 1 Total deposits 28,006 706 9,708 974 1,492 1,148 1,948 2,860 698 731 1,357 2,275 4,109 Deferred availability cash items 8,771 252 1,023 248 388 2,080 1,357 618 423 482 1,027 597 276 Other liabilities accrued dividends 2 1.797 78 437 75 127 167 95 269 68 34 85 102 260 TOTAL LIABILITIES 156,910 6,973 44,748 6,196 11,363 13,935 6,747 22,877 57844 2,945 7,845 9,697 17,740 CAPITAL ACCOUNTS Capital paid in 1,184 33 301 44 95 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 246 9 73 7 15 21 11 40 9 5 11 17 28 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 159,485 7,048 45,412 6,292 11,568 14,075 6,935 23,261 5,923 3,024 7,956 9,854 18,137 FEDERALJRlSERVE AGENTS' ACCOUNTS F.R. notes outstanding 137,394 7,090 37,886 6,795 10,070 11,780 5,283 21,055 5,595 2,344 6,695 7,731 15,070 Held by F.R. Banks and Branches, etc. 19,058 1,153 4,306 1,896 714 1,240 1,936 1,925 940 646 1,319 1,008 1,975 In circulation 118,336 5,937 33,580 4,899 9,356 10,540 3,347 19,130 4,655 1,698 5,376 6,723 13,995 Collateral held against F.R. notes outstanding: Gold certificate account 11,166 577 3,018 560 847 961 465 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, and agency securities 103,902 5,194 29,699 4,182 8,249 9,282 2,780 16,874 4,053 1,418 4,731 5,979 11,461 OOtthheerr eelliiggiibbllee aasssseettss -- -- -- -- -- -- -- -- -- -- -- -- -- TToottaall ccoollllaatteerraall 118,336 5.937 11,580 4,899 9.356 10.540 3.347 19.130 &.6KS 1,60ft 5,376 6,723 13,095 1 Includes reserves of member banks and Edge Act corporations. 2 Includes exchange translation account reflecting the monthly revaluation at market rates of foreign exchange commitments. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis