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 17, 1980 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, October 15 Oct. 8, 1 Oct. 17, October 15, and related items 1980 1980 1 1979 1980 Reserve Bank credit: (In millions of dollars) U.S. Government securities-- Bought outright--System account -1 120,314 +2 ,077 + 7,093 f-1 119,460 Held under repurchase agreements 1,565 - 848 + 1,565 -- Federal Agency obligations-- Bought outright 8,776 - 3 + 555 8,761 Held under repurchase agreements 325 ~ 250 + 325 Acceptances-- Bought outright Held under repurchase agreements 357 + 30 + 357 -- Loans— Total member bank borrowing 1,107 _ 141 - 421 567 Includes seasonal borrowing of: 61 + 13 - 90 66 Other borrowing Float 3,448 + 234 -4,400 5,805 Other F.R. assets 5.403 + 87 + 834 5,626 Total Reserve Bank credit 141,295 +1 ,185 + 5,908 140,219 Gold Stock 11,165 - 2 - 31 11,165 Special Drawing Rights certif. acct. 3,268 -- + 1,468 3,268 Treasury currency outstanding 13.350 + 4 + 619 13,362 169,078 +1 ,187 + 7,965 168,014 Currency in circulation 130,999 +1 ,013 +10,742 131,518 Treasury cash holdings 470 -- + 131 470 Treasury deposits with F.R. Banks 3,306 + 4 + 319 2,898 Foreign deposits with F.R. Banks 299 -- - 22 325 Other deposits with F.R. Banks 306 + 23 - 330 320 Other F.R. liabilities and capital 4,626 - 6 - 214 4,562 140,007 +1 ,035 +10,627 140,093 Reserves: With Federal Reserve Banks 3/ 29,071 + 152 _ 2,662 27,921 Currency and coin 12,050 - 40 + 1,358 12,050 Total reserves held 4/ 41,279 + 102 -1,288 1 40,129 Required reserves 40,959 + 176 -1,624 40,959 Excess reserves 4/ 320 - 74 + 336 830 NOTE: A net of $195 million of surplus reserves were eligible to be carried forward from the week ended October 8, into the week ending October 15. On October 15, 1980, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $86,363 million, an increase of $1,178 million for the week. \_f Net of $1,848 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $1,848 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. Government securities. 2/ Net of $2,701 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which $2,701 million was with foreign official and international accounts. Includes $102 million securities loaned--fully secured by U.S. Government securities. 3/ Includes reserves of Member Banks and Edge Act Corporations. 4/ Adjusted to include $158 million waivers of penalties for reserve deficien cies 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 Wed it esday October 15. 1980 Oct. 8, 1980 Oct. 17, 1979 ASSETS Gold certificate account 11,165 1 - 31 Special Drawing Rights certif. acct. 3,268 -- + 1,468 Coirv 418 + 3 - 39 Loans 567 56 - 3,688 Acceptances- -- -_ -- Held under repurchase aggreements Federal agency abligations— Bought outright 8,761 18 + 540 Held under repurchase agreements 1 -- -- -- U.S. government securities: Bought outright—Bills 43,949 +2,287 + 569 Notes 58,703 -- + 2,524 Bonds 1166,,880088 -- 11.. 2,623 Total bought outright 2 111199,,446600 +2,287 ++"" 5,716 Held under repurchase agreements 1 -- -- -- Total U.S. government securities 119,460 +2,287 ++"" 5,716 Total loans and securities 128,788 +2,213 + 2,568 Cash items in process of collection ( 3,051) 15,456 +4,974 1,286 Bank premises 451 1 -»• 48 Other assets 3 5,175 + 159 + 704 TOTAL ASSETS ( 3,05l) 164/721^ +7^j47 -1- 3^432 LIABILITIES ... Federal Reserve notes 119,044 + 708 10,603 Deposits: Reserve Accounts 27,921 +3,804 - 8,177 U.S. Treasury—general account 2,898 - 433 - 525 Foreign—official accounts 325 + 53 - 35 Other 320 + 34 146 Total deposits 31,464 +3,458 8,813 Deferred availability cash items ( 3,051) 9,651 +2,991 + 1,987 Other liabilities and accrued dividends 4 1,958 + 161 - 222 TOTAL LIABILITIES ( 3,051) 162,117 +7,318 + 3,555 CAPITAL ACCOUNTS Capital paid in 1,190 + 6 •f 55 Surplus 1,145 h 67 Other capital accounts 269 + 23 - 245 * 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 inter national accounts, of which $ -0- million was outstanding at the end of the latest statement week. 2 Net of $2,701 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 102 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-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 15, 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 518 -. 1,575 -1,592 112 -19 16 days to 90 days 49 — 23,644 +2,920 576 -- 91 days to 1 year — -- 29,928 + 959 1,436 +75 Over 1 year to 5 years -- -- 36,336 -- 4,758 -60 Over 5 years to 10 years -- -- 13,135 -- 1,194 -14 Over 10 years ~~__ 1144,,884422 -- 668855 -- Total 556677 111199,,446600 +2,287 88,,776611 -18 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 15, 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 11,165 577 3,017 560 847 961 465 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 418 26 19 18 44 51 48 21 30 14 46 30 71 Loans 567 60 15 2 16 4 176 166 33 19 33 34 9 Acceptances held under repurchase agreements -- — -- -- — — -- — — -- -- -- -- Federal agency obligations: Bought outright 8,761 400 2,277 380 662 720 317 1,377 352 157 411 520 1,188 Held under repurchase agreements 1 -- -- -_ -- -- -- — — ~ -- ~ — — U.S. government securities: Bought outright—Bills 43,949 2,008 11,424 1,908 3,320 3,610 1,592 6,906 1,766 785 2,060 2,608 5,962 CCeerrttiiffiiccaatteess:: SSppeecciiaall -- — -- -- -- -- -- — --. -- — -- -- OOtthheerr NNootteess 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 2 119,460 5,458 31,052 5,186 9,025 9,812 4,329 18,771 4,800 2,134 5,598 7,090 16,205 Held under repurchase agreements 1 — -- — — — — -- — — -- — -- -- Total U.S. government securities 119,460 5,458 31,052 5,186 9,025 9,812 4,329 18,771 4,800 2,134 5,598 7,09Q 16,205 Total loans and securities 128,788 5,918 33,344 5,568 9,703 10,536 4,822 20,314 5,185 2,310 6,042 7,644 17,402 Cash items in process of collection 18,507 516 2,269 988 1,429 3,265 2,465 1,657 1,138 877 1,928 1,300 675 Bank premises 451 103 18 53 24 87 35 16 13 28 21 13 40 Other assets 3 5,175 185 1,353 221 374 333 378 730 175 122 224 306 774 Interdistrict settlement account -0- - 176 +5,513 - 838 - 877 + 214 - 751 - 502 - 577 - 226 79 + 709 -2,410 TOTAL ASSETS 1 167,772" 1 7,315 46,396 6,727 11,804 15,744 7,564 24,492 6,566 3,405 8,827 10,746 18,186 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 $ 2,701 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 102 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

H.4.1 (c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON October 15, 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 119,044 5,986 33,775 4,935 9,424 10,653 3,306 19,253 4,677 1,712 5,409 6,761 13,153 Deposits: Reserve accounts 1 27,921 752 6,658 1,306 1,366 1,785 2,114 3,685 1,051 875 1,543 2,739 4,047 U.S. Treasurer—general Recount 2,898 -- 2,898 -- -- -- -- -- -- -- -- -- -- Foreign—official accounts 325 8 123 11 22 14 20 39 8 9 12 16 43 Other 320 1 277 -- 1 25 3 4 1 2 3 1 2 Total deposits 31,464 761 9,956 1,317 1,389 1,824 2,137 3,728 1,060 886 1,558 2,756 4,092 Deferred availability cash items 12,702 409 1,538 299 647 2,977 1,749 837 677 691 1,662 962 254 Other liabilities accrued dividends 2 1,958 83 462 79 137 149 184 287 73 37 86 109 272 TOTAL LIABILITIES 165,168 7,239 45,731 6,630 11,597 15,603 7,376 24,105 6,487 3,326 8,715 10,588 17,771 CAPITAL ACCOUNTS Capita! paid in 1,190 33 301 44 95 61 90 176 35 38 51 73 193 Surplus 1,145 33 290 45 95 58 87 168 35 36 49 67 182 Other capital accounts 269 10 74 8 ' 17 22 11 43 9 5 12 18 40 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 167,772 7,315 46,396 6,727 11,804 15,744 7,564 24,492 6,566 3,405 8,827 10,746 18,186 FEDERAL RESERVEVENTS' ACCOUNTS F.R. notes outstanding 137,407 7,083 37,861 6,785 10,115 11,817 5,221 21,082 5,657 2,339 6,682 7,741 15,024 Held by F.R. Banks and Branches, etc. 18,363 1,097 4,086 1,850 691 1,164 1,915 1,829 980 627 1,273 980 1,871 In circulation 119,044 5,986 33,775 4,935 9,424 10,653 3,306 19,253 4,677 1,712 5,409 6,761 13,153 Collateral held against F.R. notes outstanding: Gold certificate account 11,165 577 3,017 560 847 961 465 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 Other Eligible Assets -- -- -- _- -- -- -- -- -- -- -^ -- -- U.S. govt, and agency securities 104,611 5,243 29,895 4,218 8,317 9,395 2,739 16,997 4,075 1.432 4,764 6,017 11,519 Total collateral 119.044 5.986 33,775 4,335 9! 424 10,653 3:306 19,251 4,67? " T',713 " Cw fi'7M 13,1*^ 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