H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and 'fSrs^ Condition Statement of F.R. Banks H.4.1 For immediate release November 14, 1980 Averages of daily figur es Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, November 12, November 5, {November 14, November 12, and related items 1980* 1980 r 1979 1980* Reserve Bank credit: (In millions of dollars) U.S. Government securities-- Bought outright--System account -1 118,847 -1,046 + 4,227 . -/117,014 Held under repurchase agreements 1,518 + 363 + 1,518 1,036 Federal Agency obligations-- _- Bought outright 8,761 + 540 8,761 Held under repurchase agreements 473 + 157 + 473 522 Acceptances— Bought outright Held under repurchase agreements 623 + 193 + 623 429 Loans— Total member bank borrowing 2,067 + 189 + 206 2,095 Includes seasonal borrowing of: 96 + 24 51 99 Other borrowing Float 4,511 +1,473 - 1,249 6,208 Other F.R. assets 6,617 + 201 + 1,586 6,866 Total Reserve Bank credit 143,417 +1,530 + 7,925 142,931 Gold Stock 11,163 __ 1 11,163 Special Drawing Rights certif. acct. 3,268 -- + 1,468 3,268 Treasury currency outstanding 13,376 -- ++ 556600 13,376 171,224 +1,530 ++ 99,,995522 170,738 Currency in circulation ** 132,522 +1,544 +11,292 133,362 Treasury cash holdings ** 465 5 + 68 465 Treasury deposits with F.R. Banks 3,062 + 771 + 211 2,763 Foreign deposits with F.R. Banks 309 1 41 398 Other deposits with F.R. Banks 330 - 117 + 77 300 Other F.R. liabilities and capital 4,707 78 + 41 4,602 141,395 +2,114 +11,648 141,890 Reserves: With Federal Reserve Banks 3/ 29,828 - 584 - 1,698 28,847 Currency and coin 12,273 + 245 + 1,021 12,273 Total reserves held 4/ 42,260 - 339 - 659 41,279 Required reserves 41,686 - 346 936 41,686 Excess reserves 4/ 574 407 Note: A net of $145 million of surplus reserves were eligible to be carried forward from the week ended November 5, into the week ending November 12. On November 12, 1980, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $86,334 million, an increase of $484 million for the week. 1/ Net of $2,447 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $2,138 million was with foreign official and international accounts. Includes securities loaned — fully secured by U.S. Government securities. 2/ Net of $4,208 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $2,041 million was with foreign official and international accounts. Includes $296 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 * Wednesday** Wednesday Wednesday November 12, 1980 November 5. 1980 November 14, 1979 ASSETS Gold certificate account 11,163 1 Special Drawing Rights certif. acct. 3,268 + 1,468 Coin 419 1 16 Loans 2,095 -1,276 + 670 Acceptances- 429 12 429 Held under repurchase aggreements Federal agency abligations— 8,761 -- + 540 Bought outright 522 + 364 + 522 Held under repurchase agreements 1 U.S. government securities: 41,503 -2,974 - 1,217 Bought outright—Bills 58,703 -- + 2,461 Notes 16,808 -- + 2,623 Bonds 117,014 -2,974 + 3,867 Total bought outright 2 1,036 - 290 + 1,036 Held under repurchase agreements 1 118,050 -3,264 + 4,903 Total U.S. government securities 129,857 -4,188 + 7,064 Total loans and securities (9,112 ) 13,534 +1,290 - 2,249 Cash items in process of collection 453 -- + 51 Bank premises 6,413 + 161 + 658 Other assets 3 (9,112 ) 165,107 -2,738 + 6,975 TOTAL ASSETS LIABILITIES Federal Reserve notes 120,871 +1.452 +10,992 Deposits: Reserve accounts: 28,847 -4,330 - 1,904 U.S. Treasury—general account 2,763 - 301 218 Foreign—official accounts 398 + 162 + 19 Other (6,580) 300 - 121 + 48 Total deposits ((66,,558800)) 32,308 -4,590 - 2,055 Deferred availability cash items ((22,,553322 )) 7,326 + 299 - 1,575 Other liabilities and accrued dividends 4 1,986 + 91 335 TOTAL LIABILITIES (9,112 ) 162,491 -2,748 + 7,027 CAPITAL ACCOUNTS Capital paid in 1,199 + 64 Surplus 1,145 -- + 67 Other capital accounts 272 + 10 183 * 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 $4,208 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 296 rnillion 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. "-Estimated (St. Louis and Dallas Districts). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, November 12, 1980 Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum nraturity of the agreements. U.S. government securities Federal agency obligations LLooaannss AAcccceeppttaanncceess Holdings | Weekly changes Holdings ( Weekly changes Within 15 days 2,036 429 3,637 r/ -2,293 702 r/ +544 16 days to 90 days 59 -- 19,748 r/ -1,667 437 r/ -180 91 days to 1 year -- -- 30,527 + 695 1,548 -- Over 1 year to 5 years I -- 36,161 + 1 4,771 .. Over 5 years to 10 years I -- 13,135 -- 1,140 -- Over 10 years -- -- 14,542 __ 685 __ Total L 2,095 429 118,050 -3,264 9,283 +364 r_/ Revised. 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 12, 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 419 27 21 19 45 47 48 21 29 14 45 33 70 Loans 2,095 33 95 152 103 169 191 699 49 83 191 45 285 Acceptances held under repurchase agreements 429 429 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 1 522 -- 522 -- -- -- -- -- -- -- -- -- -- U.S. government securities: Bought outright—Bills 41,503 1,896 10,788 1,802 3,136 3,409 1,503 6,522 1,668 741 1,945 2,463 5,630 Notes 58,703 2,682 15,258 2,548 4,435 4,822 2,128 9,224 2,359 1,048 2,751 3,484 7,964 Bonds 16,808 768 4,369 730 1,270 1,380 609 2,641 675 301 787 998 2,280 Total bought outright 2 117,014 5,346 30,415 5,080 8,841 9,611 4,240 18,387 4,702 2,090 5,483 6,945 15,874 Held under repurchase agreements 1 1,036 -- 1,036 -- -- -- -- -- -- -- -_ -- __ Total U.S. government securities 118,050 5,346 31,451 5,080 8,841 9,611 4,240 18,387 4,702 2,090 5,483 6,945 15,874 Total loans and securities 129,857 5,779 34,774 5,612 9,606 10,500 4,748 20,463 5,103 2,330 6,085 7,510 17,347 Cash items in process of collection 22,646 878 4,063 679 1,457 2,970 3,131 2,952 1,383 1,154 2,358 525 1,096 Bank premises 453 103 19 53 24 87 35 16 13 28 21 13 41 Other assets 3 6,413 224 1,648 387 465 428 384 928 209 155 272 370 943 Interdistrict settlement account -0- - 211 + 2,725 - 887 832 63 -1.482 - 2,498 - 801 - 677 - 756 + 8,003 - 2.521 TOTAL ASSETS 174,219 7,543 47,128 6.580 11,872 15,227 7,431 24,138 6,538 3,284 8,670 17,198 18,610 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 $ 4,208 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 296 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 November 12, 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 LIABILITIES Federal Reserve notes 120,871 6,030 34,286 5,168 9,541 10,864 3,475 19,334 4,731 1,740 5,511 6,880 13,311 Deposits: Reserve accounts 28,847 1,062 7,696 774 1,603 1,554 2,070 3,396 1,063 937 1,509 2,866 4,317 U.S. Treasury —general account 2,763 2,763 Foreign—official accounts 398 8 205 10 21 13 20 38 8 8 11 15 41 Other 6,880 259 1 22 265 1 1 2 2 6,325 2 Total deposits 38,888 1,070 10,923 784 1,625 1,589 2,355 3,435 1,072 947 1,522 9,206 4,360 Deferred availability cash items 9,858 284 711 443 361 2,483 1,285 694 578 483 1,433 843 260 Other liabilities and accrued dividends 1/ 1,986 84 534 84 139 150 128 288 76 35 92 113 263 TOTAL LIAB LITIES 171,603 7,468 46,454 6,479 11,666 15,086 7,243 23,751 6,457 3,205 8,558 17,042 18,194 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 272 9 78 10 16 22 11 43 10 5 12 16 40 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 174,219 7,543 47,128 6,580 11,872 15,227 7,431 24,138 6,538 3,284 8,670 17,198 18,610 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 138,080 7,065 37,962 6,694 10,140 11,881 5,299 21,181 5,630 2,314 6,711 7,931 15,272 Less-held by F.R. Banks 17,209 1,035 3,676 1,526 599 1,017 1,824 1,847 899 574 1,200 1,051 1,961 F.R. notes, net 120,871 6,030 34,286 5,168 9,541 10,864 3,475 19,334 4,731 1,740 5,511 6,880 13,311 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 106,440 5,287 30,408 4,451 8,434 9,606 2,908 17,078 4,129 1,460 4,866 6,136 11,677 Total collateral 120,871 6,030 34,286 5,168 9,541 10,864 3,475 19,334 4,731 1,740 5,511 6,880 13,311 1/ 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