H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Reserves of Depository Institutions and '•^RSSF Condition Statement of F.R. Banks H.4.1 For immediate release November 21, 1980 Averages of dally figures Reserves of depository Institutions, Week ended Change from week ended Wednesday Reserve Bank credit, November 19 November 12 Novemmbb.e r 21 November 19 and related items 1980* 1980 1979 Reserve Bank credit: * (In millions of dollars) U.S. Government securities-- 1/ Bought outright--System account 118,976 + 129 + 2,930 W 119,145 Held under repurchase agreements 1,155 - 363 +1,155 2,545 Federal Agency obligations-- Bought outright 8,761 540 8,761 Held under repurchase agreements 153 320 153 143 Acceptances-- Bought outright Held under repurchase agreements 195 428 195 374 Loana-- To depository institutions 1,979 • 88 + 115 2,468 Includes seasonal borrowing of: 96 54 99 Float 5,031 + 693 -- 22,,118822 5,008 Other F.R.,assets 6,31? ++ 11..113311 5.952 * Total Reserve Bank credit 142,565 687 ++ 44,,005577 144,396 Gold Stock 11,163 11 11,163 Special Drawing Rights certif. acct. 3,354 + 86 ++ 11,,555544 3,368 Treasury currency outstanding 13.376 ++ ??4422 11,276 170,457 - 602 ++ 66,,115511 172,303 Currency in circulation ** 133,170 + 645 +11,426 133,433 Treasury cash holdings ** 480 + 15 + 83 480 Treasury deposits with F.R. Banks 3,468 + 406 + 253 3,477 Foreign deposits with F.R. Banks 308 1 78 236 Other deposits with F.R. Banks 375 + 43 + 100 363 Other F.R. liabilities and capital 4.675 - 410 4.665 Ui, 477 +1,077 +TI7375 Reserve balances with F.R. Banks £/ 27,979 -1 ,679 - 5,225 29,648 Total vault cash 18,882 +6 ,609 + 8,867 18,882 a) Vault cash at institutions with required reserve balances 11,545 N/A N/A 11,545 b) Vault cash equal to required reserves at other institutions 630 N/A N/A 630 c) Surplus vault cash at other institutions- 4/ 6,707 N/A N/A 6,707 Reserve balances + total vault cash 3/ 47,020 N/A N/A 48,689 Reserve balances + total vault cash used to satisfy reserve requirements^^ 40,313 -1 ,777 - 3,049 41,982 Required reserves 39,660 -2 ,026 - 3,597 39,660 Excess reserve balances at F.R. Banks 5_/7_/ 653 + 249 + 548 2,322 Note: A net of $134 million of surplus reserves were eligible to be carried forward from the week ended November 12, into the week ending November 19. On November 19, 1980, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $88,749 million, an increase of $2,357 million for the week. 1/ Net of $2,247 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $2,247 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. Government securities. If Net of $2,077 million matched sale-purchase transactions outstanding at the ~ end of the latest statement week, of which a net of $2,077 million was with foreign official and international accounts. Includes $430 million securities loaned--fully secured by U.S. Government securities. 3/ Includes all reserve balances of depository institutions. 4/ Total vault cash at Institutions without required reserve balances less vault ~ cash equal to their required reserves. 5/ Adjusted to include $159 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. 6/ Reserve balances with Federal Reserve Banks plus vault cash at institutions with required reserve balances plus vault cash equal to required reserves at other institutions. V Reserve balances with Federal Reserve Banks plus vault cash used to satisfy ~ reserve requirements less required reserves. (This measure of excess reserves Is comparable to the old excess reserve concept published historically.) Vault cash and required reserves are partially estimated. * Estimated (New York District). 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 19, 1980 Nov. 12, 1980 Nov. 21, 1979 ASSETS Gold certificate account 1111,,116633 11 Special Drawing Rights certif. acct. 33,,336688 + 100 + 11,,556688 •• Coin 419 8 Loans 2,468 + 373 + 228 Acceptances- Held under repurchase aggreements 374 - 55 4' 374 Federal agency abligations- Bought outright 8,761 -- + 540 Held under repurchase agreements 1 143 - 379 + 143 U.S. government securities: Bought outright-Bills 43,634 +2,131 - 753 Notes 58,618 - 85 + 2,690 Bonds 16,893 + 85 + 2,394 Total bought outright 2 119,145 +2,131 + 4,331 Held under repurchase agreements 1 2,545 +1,509 + 2,545 Total U.S. government securities 121,690 +3,640 + 6,876 Total loans and securities 133,436 +3,579 + 8,161 Cash items in process of collection (2,925 ) 13,473 +1,125 1,694 Bank premises 455 + 2 + 54 Other assets 3 5 fl 497 - 970 + 665 TOTAL ASSETS (2,925 ) 167,811 +3,836 ±.8 ,745 LIABILITIES Federal Reserve notes 120,957 + 67 +10,684 Deposits: Depository institutions 29,648 +1,789 - 2,627 U.S. Treasury-general account 3,477 + 714 + 75 Foreign-official accounts 236 - 162 - 58 Other (256) 363 + 52 + 96 Total deposits (256) 33,724 +2,393 .. 2,514 Deferred availability cash items ( 2,669) 8,465 +1,319 + 903 Other liabilities and accrued dividends 4 2,064 + 72 .. 55 TOTAL LIABILITIES ( 2,925) 165,210 +3,851 ' + 9,018 CAPITAL ACCOUNTS Capital paid in 1,200 + 1 + 60 Surplus 1,145 -- 4' 67 Other capital accounts 256 -• 16 .. 400 * 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 a inndter national accounts, of which $ -o- million was outstanding at the end of the latest statement week. 2 Net of $ 2,077million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 430 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. ** Estimated (New York District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES , NOVEMBER 19, 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 I Weekly changes Holdings I Weekly changes Within 15 days 2,450 374 7,114 +3,477 413 -289 16 days to 90 days 18 -» 20,755 +1,007 347 - 90 91 days to 1 year -- -« 30,523 4 1,548 .. Over 1 year to 5 years -- -- 34,942 -1,219 4,771 -- Over 5 years to 10 years mmt ... 13,354 + 219 1,140 -- Over 10 years .. 1155,,000022 ++ 116600 668855 -- Total 1 2,4«S 337744 112211,,669900 ++33,,664400 88,,990044 -379 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 19, 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. 3,368 171 889 162 268 306 106 550 141 57 149 177 392 Coin 419 28 20 18 47 46 47 21 30 13 45 34 70 Loans 2,468 67 1,062 62 171 282 138 131 65 43 128 139 180 Acceptances held under repurchase agreements 374 -- 374 — — — -- -- — -- -- -- -- 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 1 143 -- 143 -- -- -- — — -- -- -- -- .--• U.S. government securities: Bought outright—Bills 43,634 1,993 11,341 1,895 3,297 3,585 1,582 6,856 1,753 779 2*045 2,589 5,919 CCeerrttiiffiiccaatteess:: SSppeecciiaall -- -- -- -- -- — — — — -- — -- -- OOtthheerr NNootteess 58,618 2,678 15,237 2,545 4,428 4,815 2,124 9,211 2,355 1,047 2,747 3,479 7,952 Bonds 16,893 772 4,391 733 1,276 1,387 612 2,654 679 302 792 1,003 2,292 Total bought outright 2 119,145 5,443 30,969 5,173 9,001 9,787 4,318 18,721 4,787 2,128 5,584 7,071 16,163 Held under repurchase agreements 1 2,545 -- 2,545 -- -- — — -- --. — -- -- -- Total U.S. government securities 121,690 5,443 33,514 5,173 9,001 9,787 4,318 18,721 4,787 2,128 5,584 7,071 16,163 Total loans and securities 133,498 5,910 37,432 5,615 9,834 10,789 4,773 20,229 5,204 2,328 6,123 7,730 17,531 Cash items in process of collection 16,398 481 3,916 478 1,293 2,512 2,385 1,579 547 1,258 1,326 987 - 364 Bank premises 455 103 19 53 24 88 35 16 14 28 21 13 41 Other assets 3 5,497 208 1,445 252 405 343 397 767 173 144 231 308 824 Interdistrict settlement account -0- - 200 4-3,448 - 707 - 630 - 323 -1,385 - 682 - 357 - 943 - 257 + 562 +1,474 TOTAL ASSETS 1 170,736 7,278 50,122 6,431 12,088 14,722 6,823 24,202 6,217 3,1.10 8,139 10,383 21,221 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 $ 2,077 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 430 million securities loaned—fully secured by U.S. government securities. 3 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. * Estimated (New York District). 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 19, 1980 Millions of dollars Kansas San Total Boston New York* Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City Francisco LIABILITIES Federal Reserve notes 120,957 6,057 34,483 5,176 9,554 10,735 3,303 19,440 4,716 1,752 5,497 6,896 13,348 Deposits: Reserve accounts 29,648 755 8,006 758 1,678 1,284 ^ 1,951 ; 3,373 •'•' 873 629 1,229 2,267 6,845 U.S. Treasury —general account 3,477 -- 3,477 -- -- -- -- -- -- -- -- -- _- Foreign—official accounts 236 8 42 10 22 13 20 38 8 8 11 15 41 Other 619 2 312 -- 2 22 1 4 -- 2 1 271 2 Total deposits 33,980 765 11,837 768 1,702 1,319 1,972 3,415 881 639 1,241 2,553 6,888 Deferred availabi ity cash items 11,134 297 2,528 305 486 2,384 1,266 678 467 600 1,155 665 303 Other liabilities and accrued dividendsl/ 2,064 83 604 81 141 143 94 298 73 40 134 110 263 TOTAL LIABILITIES 168,135 7,202 49,452 6,330 11,883 14,581 6,635 23,831 6,137 3,031 8,027 10,224 20,802 CAPITAL ACCOUNTS Capital paid in 1,200 33 306 46 95 61 90 176 36 38 51 73 195 Surplus 1,145 33 290 45 95 58 87 168 35 36 49 67 182 Other capital accounts 256 10 74 10 15 22 11 27 9 5 12 19 42 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 170,736 7,278 50,122 6,431 12,088 14,722 6,823 24,202 6,217 3,110 8,139 10,383 21,221 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 138,366 7,080 38,062 6,682 10,202 11,931 5,188 21,196 5,661 2,312 6,701 8,022 15,329 Less-held by F.R. Banks 17,409 1,023 3,579 1,506 648 1,196 1,885 1,756 945 560 1,204 1,126 1,981 F.R. Notes, Net 120,957 6,057 34,483 5,176 9,554 10,735 3,303 19,440 4,716 1,752 5,497 6,896 13,348 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 certit. acct, 3,368 171 889 162 268 306 106 550 141 57 149 177 392 Other eligible assets -0- -- -- -- -- -- -- -- - = -- -- -- -- U.S. govt, and agency securities 106,426 5,309 30,579 4,454 8,439 9,468 2,732 17,168 4,110 1,470 4,847 6,147 11,703 Total collateral 120,957 6,057 34,483 5,17b 9,554 10,735 3,303 19,440 4,716 1,752 5,497 6,896 13,348 1/ Includes exchange translation account reflecting the monthly revaluation at market rates of foreign exchange commitments. * Estimated (New York District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis