H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE -..-»*~ Factors Affecting Reserves of Depository Institutions and :;^r^: Condition Statement of F.R. Banks H.4.1 For Immediate release December 5, 1980 Averages of dally figures Reserves of depository institutions Week ended Change from wee k ended Wednesday Reserve Bank credit, December 3, November 26 .December 5, December 3, and related items 1980 1980 1979 1980 Reserve Bank credit: (In millions of dollars^ ) U.S. B o G ug o h ve t r n o m u e t n r t i gh s t e - c - u S r y i s t t i e e m s -- account -l 118,111 _ 863 + 1 557 -/ 114,677 Held under repurchase agreements 1,015 -1, 161 + 431 — Federal Agency obligations — _ Bought outright 8,757 4 + 536 8,752 Held under repurchase agreements 220 - 102 ~ 291 ~" Acceptances-- Bought outright Held under repurchase agreements 279 - 33 + 84 - Loans-- _ To depository institutions 2,142 73 + 323 1,355 Includes seasonal borrowing of: 110 - 5 + 9 108 Float 5,645 +2 ,436 + 603 3,866 Other F.R. assets 6,472 + 318 ±_1 ,516 1 7,101 Total Reserve Bank credit 142,641 + 518 + 4 ,759 | 135,751 Gold Stock 11,162 - 1 + 50 11,162 Special Drawing Rights certif. acct. 3,368 -- + 1, 568 3,368 Treasury currency outstanding 13,382 +_ 6 ±_ 449 ! 13,396 170,553 + 524 + T, 826 j 163,677 Currency in circulation * 134,062 + 982 +11 ,748 134,865 Treasury cash holdings * 471 + 17 + 50 460 Treasury deposits with F.R. Banks 2,845 - 101 + 250 3,116 Foreign deposits with F.R. Banks 323 + 14 .- 73 283 Ot'.ier deposits with F.R. Banks 472 + 85 + 109 391 Other F.R. liabilities and capital 4,785 -- 441100 4,461 142,958 +~ 998 ++IITT,,66 7744 143,576 _ . Reserve balances with F.R. Banks 3/ 27,594 474 4 ,847 20,101 Total vault cash (estimated) 18,317 +1 ,035 N/A 18,317 a) Vault cash at institutions with required reserve balances 12,413 + 1 ,000 + 1 ,358 12,413 b) Vault cash equal to required reserves at other institutions 740 + 100 N/A 740 •'.) Surplus vault cash at other . institutions 4/ 5,164 65 N/A 5,164 Reserve balances + total vault cash 5/ 46,039 + 560 N/A 38,546 Reserve balances + total vault cash _ used to satisfy reserve requirements 5/66// 40,875 + 625 2 ,761 33,382 Required reserves (estimated) 39,910 + 6 -3 ,478 39,910 Excess reserve balances at F.R. Banks 5/7// 965 + 619 + 717 1 - 6,528 On December 3, 1980, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $90,562 million, an increase of $326 million for the week. y Net of $3,112 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $2,095 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. if Net of $6,546 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $1,657 million was with foreign official and international accounts. Includes $172 million securities loaned—fully secured by U.S. Government securities. if Includes all reserve balances of depository institutions. y Total vault cash at institutions without required reserve balances less vault cash equal to their required reserves. 5/ Adjusted to include $128 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. £/ !lSh? fl balTeS WUh Ffe,ral R6SerVe Banks Plus vault cash at institutions otLziZti::^8 nces plus vault cash equai to required — -* 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 historically.) 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 Wednesday Wednesday Wednesday December 3, 1980 November 26, 198d December 5, 1979 ASSETS Gold certificate account 11,162 + 50 Special Drawing Rights certif. acct. 3,368 + 1,568 Coin 400 11 Loans 1,355 2,630 Acceptances- 387 Held under repurchase aggreements Federal agency abligations— 8,752 9 531 Bought outright 325 Held under repurchase agreements 1 U.S. government securities: 39,166 4,484 Bought outright—Bills 58,618 Notes 16,893 Bonds 114,677 - 4,484 Total bought outright 2 -- - 1,481 Held under repurchase agreements 1 114,677 - 5,965 Total U.S. government securities 124,784 - 9,316 Total loans and securities (2,540 ) 10,849 + 592 Cash items in process of collection 456 1 Bank premises 6,645 + 604 Other assets 3 (2,540 ) 157,664 TOTAL ASSETS LIABILITIES Federal Reserve notes 122,329 -I- 1,019 +11,557 Deposits: Depository institutions 20,101 -10,043 -12,253 U.S. Treasury—general account 3,116 + 793 + 649 Foreign—official accounts 283 + 4 46 Other (4) 391 70 + 103 Total deposits (4) 23,891 - 9,316 -11,547 Deferred availability cash items (2,536 ) 6,983 + 325 754 Other liabilities and accrued dividends 4 1,888 9900 547 TOTAL LIABILITIES (2,540 ) 155,091 -- 88,,006622 - 1,291 CAPITAL ACCOUNTS Capital paid in 1,199 -i 56 Surplus 1,145 .._ + 67 Other capital accounts 229 70 + 17 * 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 $ 6,546 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 172 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, DECEMBER 3, 1980 Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturL'y of the agreements. U.S. government securities Federal agency obligations LLooaannss AAcccceeppttaanncceess Holdings | Weekly changes Holdings j Weekly changes Within 15 days 1,313 -- 5,276 -1,433 63 -414 16 days to 90 days 42 -- 17,230 -3,106 541 +•257 91 days to 1 year -- -- 29,157 -1,142 1,490 -178 Over 1 year tc 5 years -- -- 34,657 - 285 4,881 + 1 Over 5 years to 10 years -- -- 13,355 + 1 1,092 -- Over 10 years -- ffff-- 1155,,000022 -- 668855 -- Total 1,355 111144,,667777 -5,965 88,,775522 -334 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 DECEMBER 3, 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 cert if. acct. 3,368 171 889 162 268 306 106 550 141 57 149 177 392 Coin 400 26 20 18 45 43 45 22 28 12 44 31 66 Loans 1,355 56 109 43 90 359 156 247 39 41 97 61 57 Acceptances held under repurchase agreements Federal agency obligations: Bought outright 8,752 400 2,275 380 661 719 317 1,375 352 156 410 520 1,187 Held under repurchase agreements 1 -- -- -- -- -- -- -- — -- -- -- -- -- U.S. government securities: Bought outright-Bills 39,166 1,789 10,180 1,701 2,959 3,217 1,420 6,154 1,574 699 1,835 2,325 5,313 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 Total bought outright 2 114,677 5,239 29,808 4,979 8,663 9,419 4,156 18,019 4,608 2,048 5,374 6,807 15,557 Held under repurchase agreements 1 -- — -- -- -- — -- -- -- -- -- -- -- Total U.S. government securities 114.677 5.239 29.808 4.979 8.66.3 9.419 4.156 18.019 4,608 2,048 5,374 6,807 15,557 Total loans and securities 124,784 5,695 32,192 5,402 9,414 10,497 4,629 19,641 4,999 2,245 5,881 7,388 16,801 Cash items in process of collection 13,389 489 2,037 406 531 2,297 1,700 1,749 557 753 1,314 582 974 Bank premises 456 103 20 53 24 88 35 16 14 28 21 13 41 Other assets 3 6,645 212 1,623 315 513 452 444 988 207 179 270 422 1,020 Interdistrict settlement account -0- - 23 +5,599 - 443 - 228 - 418 - 249 -1,841 - 278 - 430 •f- 51 +• 337 -2,077 TOTAL ASSETS 160,204 7.250 45.394 6.473 11.414 14.226 7.175 22.847 6,133 3,069 8.231 - 9,522 , 18,470 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 $ 6,546 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 172 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 December 3, 1980 Millions of dollars Kansas San Total Boston New York (Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco i LIABILITIES Federal Reserve notes 122,329 6,117 34,665 5,311 9,496 10,829 3,668 19,285 4,764 1,749 5,676 6,962 13,807 Deposits: Depository institutions 20,101 653 5,184 722 1,147 792 1,818 2,159 686 579 1,116 1,593 3,652 US, Treasury —general account 3,116 3,116 Foreign—official accounts 283 10 35 13 27 17 25 48 10 11 14 20 53 Other 395 358 4 18 3 3 1 2 5 1 Total deposits 23,895 663 8,693 735 1,178 827 1,846 2,210 697 590 1,132 1,618 3,706 Deferred availability cash items 9,519 315 973 247 404 2,284 1,257 693 524 617 1,230 681 294 Other liabilities and accrued dividends 1/ 1,888 81 400 81 134 148 219 279 70 34 84 105 253 TOTAL LIABILITIES 157,631 7,176 44,731 6,374 11,212 14,088 6,990 22,467 6,055 2,990 8,122 9,366 18,060 CAPITAL ACCOUNTS Capital paid in 1,199 33 306 46 95 62 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 229 8 67 8 12 18 8 36 7 5 9 16 35 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 160,204 7,250 45,394 6,473 11,414 14,226 7,175 22,847 6,133 3,069 8,231 9,522 18,470 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 139,468 7,091 38,141 6,603 10,239 11,961 5,671 21,136 5,623 2,283 6,780 8,060 15,880 Less-heId by F.R. Banks 17,139 974 3,476 1,292 743 1,132 2,003 1,851 859 534 1,104 1,098 2,073 F.R. Notes, Net 122,329 6,117 34,665 5,311 9,496 10,829 3,668 19,285 4,764 1,749 5,676 6.962 13,807 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 107,799 5,369 30,762 4,589 8,381 9,562 3,097 17,013 4,158 1,467 5,026 6,213 12,162 Total collateral L.122L.329 . 6.117 34.665.— 5,313 9,496 10.829 3.668 19.285 4,764 1,749 ^,676 ft,96? ,n,8fl7 JL/lncludes 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