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 24, 1980 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, October 22 October 15, 1 October 24, October 22, and related items 1980* 1980 1 1979 1980* Reserve Bank credit: (In millions of dollars) U.S. Government securities-- 2/ Bought outright—System account -1 120,895 + 581 + 7,522 £/ 121,472 Held under repurchase agreements 935 - 630 + 377 -- Federal Agency obligations-- Bought outright 8,761 - 15 + 540 8,761 Held under repurchase agreements 501 + 176 + 191 -- Acceptances- Bought outright Held under repurchase agreements 167 - 190 + 42 '-"- Loans-- Total member bank borrowing 1,203 + 96 - 1,757 3,966 Includes seasonal borrowing of: 69 + 8 99 72 Other borrowing Float 5,177 +1,836 158 3,714 Other F.R. assets 5.652 + 249 + 1.203 5.871 Total Reserve Bank credit 143,291 +2,103 + 7,960 143,784 Gold Stock 11,165 -- 31 11,164 Special Drawing Rights certif. acct. 3,268 -- + 1,468 3,268 Treasury currency outstanding 13,363 + 13 + 610 13,368 171,087 +2,116 +10,007 171,584 Currency in circulation ** 130,906 - 93 +11,094 131,086 Treasury cash holdings ** 465 5 + 109 465 Treasury deposits with F.R. Banks 3,201 - 105 - 304 3,228 Foreign deposits with F.R. Banks 287 12 5 236 Other deposits with F.R. Banks 303 3 - 277 J 321 Other F.R. liabilities and capital 4,738 + 112 - 170 1 4,480 139,901 - 106 +10,447 139,816 Reserves: With Federal Reserve Banks 3/ 31,186 +2,222 - 439 31,768 Currency and coin 10,882 -1,168 + 934 ! 10,882 Total reserves held 4/ 42,225 +1,053 + 509 | 42,807 Required reserves 42,111 +1,152 + 559 j 42,111 Excess reserves 4/ 114 - 99 50 696 Note: A net of $90 million of surplus reserves were eligible to be carried forward from the week ended October 15, into the week ending October 22. On October 22, 1980, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $85,599 million, a decrease of $764 million for the week. 1/ Net of $2,097 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $2,097 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. Government securities. It Net of $1,337 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $1,337 million was with foreign official and international accounts. Includes $79 million securities loaned--fully secured by U.S. Government securities. 2/ Includes reserves of Member Banks and Edge Act Corporations. 4/ Adjusted to include $157 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. Estimated (Atlanta and Dallas Districts). ** 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 22, 1980 Oct. 15, 1980 Oct. 24, 1979 ASSETS Gold certificate account 11,164 1 32 Special Drawing Rights certif. acct. 3,268 -- + 1,468 Coin 419 + 1 37 Loans 3,966 +3,399 - 140 Acceptances- Held under repurchase aggreements — .« -« Federal agency bligations— Bought outright 8,761 — + 540 Held under repurchase agreements 1 — — —. U.S. government securities: Bought outright—Bills 45,961 +2,012 + 3,304 Notes 58,703 — + 2,461 Bonds ) 1166,,880088 — + 2,623 Total bought outright -- 112211,,447722 +2,012 + 8,388 Held under repurchase agreements 1 -- — — Total U.S. government securities 121,472 +2,012 + 8,388 Total loans and securities 134,199 +5,411 + 8,788 Cash items in process of collection < 2,370) 10,600 -4,856 - 991 Bank premises 452 + 1 + 50 Other assets 3 5,419 + 244 + 1,361 TOTAL ASSETS (2,370) 165,521 + 800 +10,607 LIABILITIES Federal Reserve notes 118,602 - 442 +10,667 Deposits: Reserve accounts 31,768 +3,847 + 130 U.S. Treasury—general account 3,228 + 330 + 10 Foreign—official accounts 236 - 89 65 Other 321 + 1 - 261 Total deposits 35,553 +4,089 - 186 Deferred availability cash items (2,370 ) 6,886 -2,765 + 563 Other liabilities and accrued dividends 4 1^873 85 123 TOTAL LIABILITIES (2,370 ) 162,914 + 797 +10,921 CAPITAL ACCOUNTS Capital paid in 1,196 + 6 + 61 Surplus 1,145 -- + 67 Other capital accounts I 266 3 • 442 * 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 $ 560 million was outstanding at the end of the latest statement week. 2 Net of $ 1,337 million matched sale-purchase transactions outstanding at the end of the-latest statement week. Include $79 million securities loaned—fully secured by U.S. government securities. 3 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. 4 Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exch commitments. ** Estimated (Atlanta and Dallas Districts). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, OCTOBER 22, 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 3,956 — 4,985 +3,410 63 - 49 16 days to 90 days 10 -- 21,671 -1,973 544 - 32 91 days to 1 year — — 30,504 + 576 1,467 + 31 Over 1 year to 5 years -- -- 36,336 .. 4,862 +104 Over 5 years to 10 years — — 13,134 1 1,140 - 54 Over 10 years -- 5555 1144,,884422 — 668855 Total 3,966 112211,,447722 +2,012 88,,776611 .. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.t.(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 22, 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 11,164 577 3,016 560 847 961 465 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 419 25 20 17 46 49 48 22 30 15 45 30 72 Loans 3,966 238 1,533 157 310 67 189 883 99 38 98 54 300 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 — -- — — — — — -- __ -_ .. -i. U.S. government securities: Bought outright-Bills 45,961 2,100 11,946 1,996 3,472 3,776 1,665 7,222 1,847 821 2,154 2,727 6,235 Certificates: Special -- -- — -- — — -- -- — _- — Other — -- -- -- -- -- -- -- — -- _. .- Notes 58,70a 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 2 121,472 5,550 31,574 5,274 9,177 9,978 4,402 19,087 4,881 2 ,170 5,692 7,209 16,478 Held under repurchase agreements 1 -- — -- — — -- -- -- -- — . — — -- Total U.S. government securities ; 121,472 5,550 31,574 5,274 9,177 9,978 4,402 19,087 4,881 2 ,170 5,692 7,209 16,478 " Total loans and securities 134,199 6,188 35,384 5,811 10,149 10,765 4,908 21,347 5,332 2 ,365 6,201 7,783 17,966 Cash items in process of collection 12,970 351 1,398 457 675 2,356 2,182 1,242 620 689 1,290 1,001 709 Bank premises I 452 103 19 53 24 87 35 16 13 28 21 13 40 Other assets 3 5,419 198 1,446 225 424 354 336 778 182 134 240 305 797 Interdistrict settlement account -0- - 284 4-5,797 - 999 - 385 + 33 - 770 -1,742 - 320 - 299 - 23 4- 187 -1,195 TOTAL ASSETS 167,891 " 7,324 47,943 6,281 12,040 14,902 7,306 23,919 6,459 3 ,212 8,419 10,063 20,023 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 $ 560 million was outstanding at the end of the latest statement week. 2 Net of $ 1,337 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 79 million securities loaned—fully secured by U.S. government securities. 3 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. * Estimated (Atlanta and Dallas Districts). 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 22, 1980 Millions of dollars total Boston New York Philadelphia Cleveland Richmond Atlanta* Chicago St. Louis Minneapolis Kansas Dallas* San City Francisco LIABILITIES Federal Reserve notes 118,602 5,974 33,671 4,883 9,402 10,605 3,205 19,246 4,646 1,703 5,387 6,834 13,046 Deposits: Reserve accounts 31,768 926 8,731 960 1,848 1,737 2,342 3,315 1,174 861 1,689 2,216 5,969 U.S. Treasury —general account 3,228 3,228 Foreign—official accounts 236 8 34 11 22 14 20 39 8 9 12 16 43 Other 321 285 1 23 1 3 1 3 2 1 1 Total deposits 35,553 934 12,278 971 1,871 1,774 2,363 3,357 1,183 873 1,703 2,233 6,013 Deferred availability cash items 9,256 255 860 243 422 2,231 1,475 640 477 520 1,121 730 282 Other liabilities and accrued dividends * 1.873 85 466 87 139 151 75 289 73 37 96 108 267 TOTAL LIABILITIES 165,284 7,248 47,275 6,184 11,834 14,761 7,118 23,532 6,379 3,133 8,307 9,905 19,608 CAPITAL ACCOUNTS Capital paid in 1,196 33 306 44 95 61 90 176 36 38 51 73 193 Surplus 1,145 33 290 45 95 58 87 168 35 36 49 67 182 Other capital accounts 266 10 72 8 16 22 11 43 9 5 12 18 40 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 167,891 7,324 47,943 6,281 12,040 14,902 7,306 23,919 6,459 3,212 8,419 10,063 20,023 FEDERAL RESERVE AGENTS' ACCOUNTS F.R, notes outstanding 137,782 7,075 37,812 6,775 10,134 11,933 5,170 21.206 5,654 2,334 6,689 7,849 15,151 Less-Held by F.R. Banks 19,180 1,101 4,141 1,892 732 1,328 1,965 1,960 1,008 631 1,302 1,015 2,105 F.R. notes, net 118,602 5,974 33,671 4,883 9,402 10,605 3,205 19,246 4,646 1,703 5,387 6,834 13,046 Col lateral held against F. R. notes : Gold certificate account 11,164 577 3,016 560 847 961 465 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 104.170 5.231 29.792 4.166 8.295 9.347 2.638 16,990 4.044 1.423 4,742 6.090 11.412 Total collateral i 118,602 1 5,974 33,671— 4,883 9,402 10.605 3.205 19.246 4.646 1.703 5.387 6,834 13,046 1 Includes exchange translation account reflecting the monthly revaluation at market rates of foreign exchange commitments. * Estimated (Atlanta and Dallas Districts). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis