H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Reserves of Depository Institutions and Condition Statement of F.R. Banks H.4.1 For immed late release November 28, 1980 Averages of da lly figures Reserves of depository institutions, Week ended Change from week endedWednesday Reserve Bank credit, November 26 November 19{November 28] November 26 and related items 1980 1980 1 1979 1978 Reserve Bank credit: (In milli on s of iotl ars) U.S. Government securities— Bought outright—System account -* 118,974 2 + 3,742 -' 119,161 Held under repurchase agreements 2,176 +1 ,021 + 2,176 1,481 Federal Agency obligations— Bought outright 8,761 + 540 8,761 Held under repurchase agreements , 322 + 169 + 322 325 Acceptances— Bought outright Held under repurchase agreements 312 + 117 + 312 387 Loans— T9 depository institutions 2,215 + 236 + 220 3,985 Includes seasonal borrowing of: 115 + 19 20 126 Float 3,228 --11 ,,887799 444,,,333444111 3,599 Other F.R. assets 6.154 116611 999888444 6.498 Total Reserve Bank credit 142,142 449999 +++ 333,,,999555555 144,197 Gold Stock 11,163 +++ 222111 11,162 Special Drawing Rights certif. sect. 3,368 ++ 1144 +++ 111,,,555666888 3,368 Treasury currency outstanding 13.376 555333999 13.376 170,048 - 486 +++ 666,,,000888222 172,103 Currency in circulation * 133,076 83 + 10,824 133,814 Treasury cash holdings * 458 18 + 55 460 Treasury deposits with F.R. Banks 2,946 522 152 2,323 Foreign deposits with F.R. Banks 309 + 1 32 279 Other deposits with F.R. Banks 387 + 12 + 41 461 Other F.R. liabilities and capital 4,785 111 405 4.621 Reserve balances with F.R. Banks3/ 141,960 501 + 10,330 141,958 Total vault cash (estimated) 28,087 + 15 4,249 30,144 a) Vault cash at institutions 17,282 710 N/A 17,282 with required reserve balances 11,413 116 N/A 11,413 b) Vault cash equal to required reserves at other institutions 640 10 N/A 640 c) Surplus vault cash at other institutions 4/ 5,229 - 604 N/A 5,229 Reserve balances + total vault cash 5/ 45,498 - 725 N/A 47,555 Reserve^ balances + tota 1 4»ul* bash used to. satisfy reserve requirements 5/6/ 40,269 - 121 - 2,758 42,326 Required reserves(estimated) 39,904 - 113 - 2,957 39,904 Excess reserve balances at F.R. Banka5/7/ 365 8 + 199 2,422 On November 26, 1980, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $90,236 million, an increase of $1,487 million for the week. 1/ Net of $2,249 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $2,249 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. 2/ Net of $2,062 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $2,062 million was with foreign official and international accounts. Includes $223 million securi ties loaned—fully secured by U.S. Government securities. 2/ Includes all reserve balances of depository institutions. Total vault cash at institutions without required reserve balances less vault cash equal to their required reserves. 5/ Adjusted to include $129 million waivers of penalties for reserve defi ciencies in accordance with Board policy effective November 19, 1975. £/ Reserve balances with Federal Reserve Banks plus vault cash at institu tions with required reserve balances plus vault cash equal to required reserves at other institutions. 7/ 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 histor ically.) Vault cash and required reserves are partially estimated. 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 26, 1980 Nov. 19, 1980 Nov. 28, 1979 ASSETS Gold certificate account 11,162 1 + 50 Special Drawing Rights certif. acct. 3,368 .- + 1,568 Coin 411 8 17 Loans 3,985 + 1,517 - 730 Acceptances- Held under repurchase aggreements 387 + 13 + 387 Federal agency abligations- Bought outright 8,761 -- + 540 Held under repurchase agreements 1 325 + 182 + 325 U.S. government securities: Bought outright-Bills 43,650 + 16 - 2,162 Notes 58,618 -- + 2,690 Bonds 1166..889933 -- + 2,394 Total bought outright 2 111199,,116611 + 16 + 2,922 Held under repurchase agreements1 1.481 - 1.064 + 1.481 Total U.S. government securities 120,642 •• 1.048 + 4.403 Total loans and securities 134,100 + 664 + 4,925 Cash items in process of collection (2,757 ) 10,257 - 1,798 - 1,880 Bank premises 457 + 2 + 55 Other assets 3 6 T 041 + 534 + 1,236 TOTAL ASSETS (2,757 ) 165.796 - 607 + 5.937 LIABILITIES Federal Reserve notes 121,310 + 461 +10,668 Deposits: Depository institutions 30,144 + 398 - 3,606 U.S. Treasury-general account 2,323 - 1,154 - 618 Foreign—official accounts 279 + 43 41 Other 461 + 98 + 149 Total deposits 33,207 - 615 - 4,116 Deferred availability cash items (2,757 J 6,658 416 112 Other liabilities and accrued dividends 4 l t 978 76 71 TOTAL LIABILITIES <2,757 ) 163,153 - 646 + "6,369 CAPITAL ACCOUNTS Capital paid in 1,199 1 + 57 Surplus 1,145 .- + 67 Other capital accounts 299 + 40 - 556 * 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 an idnter national accounts, of which $ -0- million was outstanding at the end of the latest statement week. 2 Net of $2,062 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 229 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, NOVEMBER 26, 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 3,971 387 6,709 - 405 477 + 64 16 days to 90 days 14 — 20,336 - 419 284 - 63 91 days to 1 year -- -- 30,299 - 224 1,668 +120 Over 1 year to 5 years -. -- 34,942 . -- 4,880 +109 Over 5 years to 10 years -- -- 13,354 -- 1,092 - 48 Over 10 years -- 1155..000022 -- 668855 -- Total 3,985 3388?? 112200,,664422 -1,048 99,,008866 +182 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 26, 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 11,162 577 3,014 560 847 961 465 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 411 27 18 17 47 44 47 24 29 13 44 32 69 Loans 3,985 52 1,841 125 340 454 186 422 66 128 110 212 49 Acceptances held under repurchase agreements 387 387 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 1 325 325 U.S. government securities: Bought outright—Bills 43,650 1,994 11,346 1,896 3,298 3,586 1,582 6,859 1,754 779 2,045 2,590 5,921 Notes 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 TTToootttaaalll bbbooouuuggghhhttt ooouuutttrrriiiggghhhttt 222 119,161 5,444 30,974 5,174 9,002 9,788 4,318 18,724 4,788 2,128 5,584 7,072 16,165 HHHeeelllddd uuunnndddeeerrr rrreeepppuuurrrccchhhaaassseee aaagggrrreeeeeemmmeeennntttsss 111 1,481 1,481 TTToootttaaalll UUU...SSS... gggooovvveeerrrnnnmmmeeennnttt ssseeecccuuurrriiitttiiieeesss 120,642 5,444 32,455 5,174 9,002 9,788 4,318 18,724 4,788 2,128 5,584 7,072 16,165 TTToootttaaalll llloooaaannnsss aaannnddd ssseeecccuuurrriiitttiiieeesss 134,100 5,896 37,285 5,679 10,004 10,962 4,821 20,523 5,206 2,413 6,105 7,804 17,402 CCCaaassshhh iiittteeemmmsss iiinnn ppprrroooccceeessssss ooofff cccooolllllleeeccctttiiiooonnn 13,014 382 949 391 630 2,899 1,747 1,577 546 653 1,288 1,265 687 BBBaaannnkkk ppprrreeemmmiiissseeesss 457 103 19 53 24 88 35 17 14 28 21 13 42 OOOttthhheeerrr aaasssssseeetttsss 333 6,041 203 1,559 276 441 409 374 838 190 153 261 357 980 IIInnnttteeerrrdddiiissstttrrriiicccttt ssseeettttttllleeemmmeeennnttt aaaccccccooouuunnnttt -0- 11 +3,240 - 649 - 795 - 112 - 126 - 900 - 374 - 398 - 46 + 368 - 197 TOTAL ASSETS 168,553 7,348 46,973 6,489 11,466 15,557 7,469 24,351 6,217 3,144 8,323 10,588 20,628 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 $ 2,062 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 223 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

H.4.1 (c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 26, 1980 Millions of dollars Kansas 1 San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City 1 Dallas Francisco LIABILITIES Federal Reserve notes 121,310 6,002 34., 325 5,235 9,423 10,798 3,660 19,229 4,728 1,752 5,604 6,928 13,626 Deposits: Depository institutions 30,144 912 8,179 835 1,266 1,656 2,103 3,735 861 728 1,311 2,544 6,014 U.S. Treasury -general account 2,323 -- 2,323 -- -- -- _- -- — _- -- -- -- Foreign—official accounts 279 8 86 10 21 13 20 38 8 8 11 15 41 Other 461 1 420 -- 2 21 6 3 1 -- 2 2 3 Total deposits 33,207 921 11,008 845 1,289 1,690 2,129 3,776 870 736 1,324 2,561 6,058 Deferred availability cash items 9,415 265 416 222 409 2,760 1,382 657 467 540 1,198 831 268 Other liabilities and accrued dividends JV 1,978 85 545 86 138 168 110 286 72 37 85 109 257 TOTAL LIABILITIES 165,910 7,273 46,294 6,388 11,259 15,416 7,281 23,948 6,137 3,065 8,211 10,429 20,209 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 299 9 83 10 17 22 11 59 9 5 12 19 43 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 168,553 7,348 46,973 6,489 11,466 15,557 7,469 24,351 6,217 3,144 8,323 10,588 20,628 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 138,716 7,067 38,021 6,611 10,084 11,930 5,619 21,074 5,629 2,290 6,782 8,027 15,582 Less-held by F.R. Banks 17,406 1,065 3,696 1,376 661 1,132 1,959 1,845 901 538 1,178 1,099 1,956 F.R. Notes, Net 121,310 6,002 34,325 5,235 9,423 10,798 3,660 19,229 4,728 1,752 5,604 6,928 13,626 Collateral held against F.R. notes Gold certificate account 11,162 577 3,014 560 847 961 465 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 Other eligible assets -- _- _- -- -- -- — -- -- -- -- U.S. govt, and agency securities 106,780 5,254 30,422 4,513 8,308 9,531 3,089 16,957 4,122 1,470 4,954 6,179 11,981 Total collateral 1211310 6:002 34;325 5|235 91423 101798 3,660 19:229 4,728 1,752 5,604 6,928 ' 13,626 V 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