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 31, 1980 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, October 29, October 22, October 31, (October 29, and related items 1980 1980 1979 1980 Reserve Bank credit: (In millions of dollars) U.S. Government securities-- 1/ VI Bought outright--System account 120,037 - 858 + 5,866 120,515 Held under repurchase agreements 1,435 + 500 + 166 921 Federal Agency obligations-- Bought outright 8,761 540 8,761 Held under repurchase agreements 309 - 192 + 29 167 Acceptances— Bought outright Held under repurchase agreements 487 + 320 151 426 Loans-- Total member bank borrowing 1,440 + 237 - 1,611 2,740 Includes seasonal borrowing of: 87 + 18 98 97 Other borrowing Float 3,370 -1, 743 - 778 3,686 Other F.R. assets 5,976 + 323 + 1,509 6,168 Total Reserve Bank credit 141,816 -1, 412 + 5,872 143,384 Gold Stock 11,164 - 1 31 11,163 Special Drawing Rights certif. acct. 3,268 -- + 1,468 3,268 Treasury currency outstanding 13.371 + 8 + 565 13,376 169,619 -1, 405 + 7,874 171,191 Currency in circulation 130,449 - 437 +10,903 130,979 Treasury cash holdings 470 + 5 + 100 470 Treasury deposits with F.R. Banks 3,190 - 11 + 117 2,877 Foreign deposits with F.R. Banks 231 - 56 89 260 Other deposits with F.R. Banks 305 + 2 343 316 Other F.R. liabilities and capital 4,654 - 88 - 534 4,518 139,300 - 584 +10,155 139,420 Reserves; With Federal Reserve Banks 3/ 30,319 . 821 - 2,282 31,770 Currency and coin 11,541 + 659 + 652 11,541 Total reserves held 4/ 42,018 - 161 - 1,615 43,469 Required reserves 41,930 - 181 - 1,344 1 41,930 Excess reserves 4/ 88 + 20 271 1,539 Note: A net of $16 million of deficit reserves were eligible to be carried forward from the week ended October 22, into the week ending October 29. On October 29, 1980, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $85,677 million, an increase of $78 million for the week. V Net of $2,271 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $2,271 million was with foreign official and international accounts. Includes securities loaned — fully secured by U.S. Government securities. II Net of $1,808 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $1,808 million was with foreign official and international accounts. Includes $66 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 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 STATEMEIMT OF CONDITION OF ALL FEDERAL RESERVE BANKS Millions of dollars Change since ** WWeeddnneessddaayy Wednesday Wednesday October 29, 1980 October 22, 1980 October 31, 1979 ASSETS Gold certificate account 11,163 - 1 31 Special Drawing Rrghtscertif. acct. 3,268 — + 1,468 Coin 417 - 2 32 Loans 2,740 - 1,226 + 68 Acceptances- Held under repurchase aggreements 426 + 426 4- 109 Federal agency obligations - Bought outright 8,761 -- + 540 Held under repurchase agreements 1 167 + 167 •+ 110 U.S. government securities: Bought outright—Bills 45,004 - 957 + 976 Notes 58,703 — + 2,461 Bonds 1166,,880088 -- + 2,623 Total bought outright 2 112200,,551155 ~ 957 + 6,060 Herd under repurchase agreements 1 921 + 921 + 796 Total U.S. government securities 121,436 - 36 + 6,856 Total loans and securities 133,530 - 669 + 7,683 Cash items in process of collection (2,167 ) 9,780 - 200 - 1,913 Bank premises 453 + 1 + 51 Other assets 3 5,715 + 286 + 1,644 TOTAL ASSETS (2,167 ) 164,326 585 + 3,870 LIABILITIES Federal Reserve notes 118,491 + 30 + 10,462 Deposits: Reserve accounts 31,770 + 88 779911 U.S. Treasury—general account 2,877 351 ++ 666688 Foreign—official accounts 260 + 24 9922 Other 316 5 + 30 Total deposits 35,223 1 244 - " 185 Deferred availability cash items < 2,167> 6,094 _ 383 914 Other liabilities and accrued dividends 4 1,903 + 4 + 54 TOTAL LIABILITIES [' 2,167> 161,711 593 + 9,417 CAPITAL ACCOUNTS Capital paid in 1,198 + 2 + 62 Surplus 1,145 «.„ + 67 Other capital accounts 272 + 6 676 * 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 Netof$l>808 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 55 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 exchange commitments. MATURITY DISTRIBUTION OF LOANS AND SECURITIES , OCTOBER 29, 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 Loans Acceptances Holdings | Weekly changes" Holdings [ Weekly chang"e!, Within 15 days 2,730 426 4,850 - 135 63 16 days to 90 days 10 21,894 + 223 711 + 167 91 days to 1 year 30,379 - 125 1,558 + 91 O O v ve e r r 5 1 y y e e a ar r s t o to 5 1 y 0 e a y r e s a rs 36,336 ... 4,771 - 91 Over 10 years 13,135 + 1 1,140 Total 14,842 ... 685 2,740 426 121,436 - 36 8,928 +167 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 29, 1980 Millions of dollars Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis K C an it s y a s Dallas Fra S n a c n is co ASSETS Gold certificate account 11,163 577 3,015 560 847 961 465 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 417 26 19 17 45 48 47 23 30 15 45 30 72 Loans 2,740 285 613 211 217 369 214 115 126 35 102 179 274 Acceptances held under repurchase agreements 426 — 426 -- -- — — -- — — — — — 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 1 167 -- 167 — — — — — — — — -- -- U.S. government securities: Bought outright—Bills 45,004 2,056 11,698 1,954 3,400 3,697 1,630 7,072 1,808 804 2,109 2,671 6,105 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 2 120,515 5,506 31,325 5,232 9,105 9,899 4,367 18,937 4,843 2 ,153 5,647 7,153 16,348 Held under repurchase agreements 1 921 -- 921 — — — — — — — -- — -- Total U.S. government securities 121,436 5,506 32,246 5,232 9,105 9,899 4,367 18,937 4,843 2 .153 5,647 7,153 16,348 Total loans and securities 133,530 6,191 35,729 5,823 9,984 10,988 4,898 20,429 5,321 2 ,345 6,160 7,852 17,810 Cash items in process of collection 11,947 325 1,358 328 521 2,115 1,424 1,695 581 578 1,205 801 1,016 Bank premises 453 103 19 53 24 87 35 16 13 28 21 13 41 Other assets 3 5,715 219 1,505 237 454 374 341 821 191 138 252 349 834 Interdistrict settlement account -0- - 550 +4,849 - 829 - 686 - 196 - 241 -1,296 - 430 - 96 - Ill + 586 -1,000 TOTAL ASSETS 166,493 7,057 47,357 6,346 11,449 14,674 7,071 23,944 6,308 1, 288 8,217 10,375 20,407 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 $ 1,808 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 66 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

B.4.1 (c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON October 29, 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 118,491 5,909 33,671 4,854 9,309 10,660 3,467 19,048 4,621 1,704 5,410 6,810 13,028 Deposits: Reserve accounts 31,770 746 8,352 1,091 1,417 1,637 2,294 3,581 1,066 948 1,595 2,683 6,360 U.S. Treasury -general account 2,877 -- 2,877 -- -- -- -- -- -- -- -- -- -- Foreign—official accounts 260 8 58 11 22 14 20 39 8 9 12 16 43 Other 316 -- 280 -- 1 23 2 3 1 2 2 1 1 Total deposits 35,223 754 11,567 1,102 1,440 1,674 2,316 3,623 1,075 959 1,609 2,700 6,404 Deferred availability cash items 8,261 235 928 209 358 2,051 1,006 607 460 512 1,003 598 294 Other liabilities and accrued dividends * 1,903 83 518 81 136 149 94 279 72 34 83 109 265 TOTAL LIABILITIES 163,878 6,981 46,684 6,246 11,243 14,534 6,883 23,557 6 228 3 209 8 10^ ^r» oi -7 i o om J. J , J J x. CAPITAL ACCOUNTS Capital paid in 1,198 33 306 46 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 272 10 77 9 16 21 11 43 9 5 12 18 41 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 166,493 7,057 47,357 6,346 11,449 14,674 7,071 23,944 6,308 3,288 8,217 10,375 20,407 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 137,922 7,048 37,783 6,713 10,084 11,932 5,429 21,090 5,637 2,334 6,756 7,877 15,239 Less-held by F.R.Banks 19,431 1,139 4,112 1,859 775 1,272 1,962 2,042 1,016 630 1,346 1,067 2,211 F.R. notes, net 118,491 5,909 33,671 4,854 9,309 10,660 3,467 19,048 4,621 1,704 5,410 6,810 13,028 Collateral held against F.R. notes: Gold certificate account 11,163 577 3,015 560 847 961 465 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 104,060 5,166 29,793 4,137 8,202 9,402 2,900 16,792 4,019 1,424 4,765 6,066 11,394 Total collateral 118,491 5,909 33,671 4,854 9,309 10.660 3.467 19.048 4,621 1,704 5AX0 6.810 1.3, Q28 1 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