H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and 'f^Lttsf: Condition Statement of F.R. Banks H.4.1 For immediate release November 7, 1980 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, November 5 October 29, November 7, November 5, and related items 1980* 1980 1979 1980* Reserve Bank credit: (In millions of dollars) U.S. Government securities-- 1/ 2/ Bought outright--System account 119,893 -144 4- 7,160 119,988 Held under repurchase agreements 1,155 -280 - 585 1,326 Federal Agency obligations-- Bought outright 8,761 + 540 8,761 Held under repurchase agreements 316 155 158 Acceptances-- Bought outright Held under repurchase agreements 430 57 29 441 Loans-- Total member bank borrowing 1,878 +438 50 3,371 Includes seasonal borrowing of: 72 - 15 79 76 Other borrowing Float 3,058 -305 - 1,250 5,187 Other F.R. assets 6,419 +443 + 1,954 6,725 Total Reserve Bank credit 141,909 +100 + 7,584 145,957 Gold Stock 11,163 - 1 18 11,163 Special Drawing Rights certif. acct. 3,268 -- + 1,468 3,268 Treasury currency outstanding 13,376 + 5 + 583 13,376 169,716 +104 + 9,617 173,764 Currency in circulation ** 130,976 +527 +10,847 131,890 Treasury cash holdings ** 470 -- + 84 470 Treasury deposits with F.R. Banks 2,291 -899 - 855 3,064 Foreign deposits with F.R. Banks 310 + 79 4 236 Other deposits with F.R. Banks 446 +141 + 155 419 Other F.R. liabilities and capital 4,786 +132 + 268 4,507 139,279 - 21 +10,496 140,586 Reserves: With Federal Reserve Banks 3/ 30,436 +124 881 33,177 Currency and coin 12,028 +487 + 989 12,028 Total reserves held 4./ 42,623 +612 + 124 45,364 Required reserves 42,032 +102 58 42,032 Excess reserves 4/ 591 +510 + 182 3,332 Note: A net of $22 million of deficit reserves were eligible to be carried forward from the week ended October 29, into the week ending November 5. On November 5, 1980, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $85,850 million, an increase of $173 million for the week. \J Net of $2,431 million, daily average, matched sale-purchase transactions outstanding during the latest stat ement week, of which a net of $2,431 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. Government securities. 27 Net of $2,3 5 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $2,3 5 million was with foreign official and international accounts. Includes $136 million securities loaned--fully secured by U.S. Government securities. 3/ Includes reserves of Member Banks and Edge Act Corporations. 4/ Adjusted to include $159 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. * Estimated (St. Louis 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 November 5, 1980 October 29, 1980 November 7, 1979 ASSETS Gold certificate account 11,163 -. - 1 Special Drawing Rights certif. acct. 3,268 -- + 1 ,468 Coin 420 + 3 - 21 Loans 3,371 + 631 + 2 ,430 Acceptances- Held under repurchase aggreements 441 + 15 + 441 Federal agency abligations- Bought outright 8,761 -- + 540 Held under repurchase agreements 1 158 - 9 + 158 U.S. government securities: Bought outright-Bills 44,477 - 527 + 3 ,051 Notes 58,703 -- + 2 ,461 Bonds 1166,,880088 .- ++ 22 ,623 Total bought outright 2 111199,,998888 - 527 ++ 88 ,135 Held under repurchase agreements 1 1,326 + 405 + 1. ,326 Total U.S. government securities 121,314 - 122 + 9 ,461 Total loans and securities 134,045 + 515 + 13 ,030 Cash items in process of collection (3,385 ) 11,806 +2 ,026 - 562 Bank premises 453 -- + 51 Other assets 3 6,272 + 557 + 2 ,010 TOTAL ASSETS (3,385 ) 167,427 ±1i lSl + 13 ,975 LIABILITIES Federal Reserve notes 119,405 + 914 +10 ,405 Deposits: Reserve accounts: 33,177 + 1 ,407 + 5 ,080 U.S. Treasury—generaKaccount 3,064 + 187 276 Foreign—official accounts 236 24 . 118 Other (600) 419 + 103 + 132 Total deposits : (6oo) 36,896 +1 ,673 + \ ,818 Deferred availability cash items |(2,785 ' 6,619 + 525 + 516 Other liabilities and accrued dividends 4 1,895 - 8 + 86 TOTAL LIABILITIES (13,385 ) 164,815 +T ,104 +15,825 CAPITAL. ACCOUNTS Capital paid in 1,199 + 1 + 63 Surplus 1,145 _- + 67 Other capital accounts 268 - 4 + 20 * 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 $ 2,335 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 136 million securities loaned— fullv 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. -* Estimated (St. Louis and Dallas Districts). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, NOVEMBER 5, 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 changes Within 15 days 3,334 441 4,604 - 246 -0- -63 16 days to 90 days 37 22,741 + 847 775 +64 91 days to 1 year 29,832 - 547 1,548 -10 Over 1 year to 5 years 36,160 - 176 4,771 Over 5 years to 10 years 13,135 1,140 Over 10 years 14,842 685 Total I 3,371 441 121,314 122 8,919 - 9 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 NOVEMBER 5, 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 11,163 577 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 420 27 19 19 45 48 48 22 29 14 45 33 71 Loans 3,371 329 46 447 321 229 161 1,027 28 32 88 78 585 Acceptances held under repurchase agreements 441 -- 441 -- -- — — -- — -- — •'— 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 1 158 _- 158 -- -- -- — -- — -- -- -. U.S. government securities: Bought outright—Bills 44,477 2,032 11,561 1,931 3,360 3,654 1,611 6,989 1,787 794 2,085 2,639 6,034 Notes 58,703 2,682 15,258 2,548 4,435 4,822 2,128 9,224 2,359 1,049 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 2 119,988 5,482 31,188 5,209 9,065 9,856 4,348 18,854 4,821 2,144 5,623 7,121 16,277 Held under repurchase agreements 1 1,326 -- 1,326 -- -- -- — -- -- -- .— -- — Total U.S. government securities 121,314 5,482 32,514 5,209 9,065 9,856 4,348 18,854 4,821 2,144 5,623 7,121 16,277 Total loans and securities 134,045 6,211 35,436 6,036 10,048 10,805 4,826 21,258 5,201 2,333 6,122 7,719 18,050 Cash items in process of collection 15,191 467 3,444 825 896 2,542 1,808 2,315 369 994 1,687 929 - 1,085 Bank premises 453 103 19 53 24 87 35 16 13 28 21 13 41 Other assets 3 6,272 219 1,636 303 453 405 347 914 191 151 274 426 953 Interdistrict settlement account -0- - 362 4-3,448 -1,260 - 315 - 123 T 388 -1,104 - 699 - 534 - 265 4-1,635 33 TOTAL ASSETS 170,812 7,408 47,880 6,693 12,258 " 15,022 7,243 25,677 5,706 3,266 8,529 11,499 19,631 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 $ 2,335 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 136 million securities loaned-fully secured by U.S. government securities. 3 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. * Estimated (St. Louis 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 Novevuber 5, 1980 Millions of dollars " •' '•' . -..... —...... Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis* Minneapolis City Dallas * Francisco LIABILITIES Fodsral Reserve notes 119,405 5,950 33,957 4,949 9.397 10,744 3,479 19,176 4,679 1,716 5,445 6,822 13,091 Deposits: Reserve accounts 33,177 965 8,696 1,044 2,055 1,630 2,114 4,896 770 821 1,545 3,113 5,538 U.S. Treasury -general account 3,064 3,064 Foreign—official accounts 236 8 43 10 21 13 20 38 6 8 11 15 41 Other 1,019 1 388 1 18 1 1 1 3 2 602 1 Total deposits 37,496 974 12,191 1,054 2,077 1,661 2,135 4,925 779 832 1,558 3,730 5,580 Deferred availability cash items 9,404 327 554 508 447 2,330 1,338 913 94 606 1,321 680 286 Other liabilities and accrued dividends 1/ 1,895 81 507 81 133 147 104 278 72 33 94 106 259 TOTAL LIABILITIES 168,200 7,332 47,209 6,592 12,054 14,882 T7,056 25,292 5,624 3,loi' 8,418 11,338 19,216 CAPITAL ACCOUNTS Capital paid in 1,199 33 306 46 95 61 90 176 36 38 51 73 194 Surplus 1,145 33 290 45 95 58 87 168 35 36 49 67 182 Other capital accounts 268 10 75 10 14 21 10 41 11 5 11 21 39 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 170,812 7,408 47,880 6,693 12,258 15,022 7,243 25,677 5,706 3,266 8,529 11,499 19,631 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 138,125 7,038 37,903 6,703 10,104 11,908 5,378 21,181 5,644 2,328 6,732 7.909 15,297 Less-held by F.R. Banks 18,720 1,088 3,946 1,754 707 1,164 1,8?9 2,005 965 612 1,287 1,087 2,206 'F.R. notes, net 119,405 5,950 33,957 4,949 9.397 10,744 3,479 19,176 4,679 1,716 5,445 6,822 13,091 Collateral held against F.R. notes : Gold certificate account 11,163 i>77 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 - 7 UeS. govt, and agency securities 104,974 5,207 30,079 4.232 8,290 9,486 2,912 U.920 4.077 1T436 4,aoo 6.078 11,457 Total collateral 1 119.405 5,950 33.957 4.949 9,397. .. \0>7M 3,479 19,176 4.679 1,716 5,445 6.82? 13,031 V Includes exchange translation account reflecting the monthly revaluation at market rates of foreign exchange commitments. * Estimated (St. Louis and Dallas Districts). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis