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 immediate release December 12, 1980 Averages of daily figures Reserves of depository institutions, Week ended! Change from week ended Wednesday Reserve Bank credit, December 10,{December 3, (December 12,December 10 and related items 1980 1980 | 1?79 19SQ . Reserve Bank credit: (In millions of dollars) U.S. Government securities-- Bought outright—System account 1/ 117,991 - 120 + 1,015 £/ 114,992 Held under repurchase agreements 956 - 59 + 956 Federal Agency obligations-- Bought outright 3,750 7 531 8,739 Held under repurchase agreements 93 127 93 Acceptances-- Bought outright Held under repurchase agreements 64 215 Loans-- To depository institutions 1,786 - 356 + 497 2,101 Includes seasonal borrowing of: 111 + 1 + 28 109 Float 4,530 -1 ,031 - 1,906 4,934 Other F.R. assets 6,982 + 510 + 1,574 7,540 Total Reserve Bank credit 141,303 -1 ,254 + 2,975 138,306 Gold Stock 11,162 — + 50 11,161 Special Drawing Rights certif. acct. 3,368 -- + 1,568 3,368 Treasury currency outstanding 13,399 + 17 + 503 13,408 169,231 -1 ,238 + 5,095 166,243 Currency in circulation * 134,891 + 825 +11,861 135,626 Treasury cash holdings * 450 - 16 + 23 450 Treasury deposits with F.R. Banks 2,228 - 617 865 1,516 Foreign deposits with F.R. Banks 284 - 39 24 272 Otlier deposits with F.R. Banks 384 - 88 + 87 466 Other F.R. liabilities and capital 4,851 + 66 - 571 4j616 143,087 + 129 +10,509 142,946 Reserve balances with F.R. Banks 3/ 26,144 -1 ,366 - 5,413 23,297 Total vault cash (estimated) 18,064 - 253 N/A 18,064 a) Vault cash at institutions with required reserve balances 12,531 + 118 12,531 b) Vault cash equal to required reserves at other institutions 700 - 40 N/A c) Surplus vault cash at other institutions 4/ 4,833 - 331 N/A 4,833 Reserve balances + total vault cash 5_/ 44,336 -1,619 N/A 41,489 Reserve balances + total vault cash used to satisfy reserve requirements 5_/6_/ 39,503 -1,288 4,003 36,656 Required reserves (estimated) 39,193 - 717 3,947 39,193 Excess reserve balances at F.R. Banks 5/7/ 310 - 571 56 2,537 On December 10, 1980, marketable U.S. Government securities held in custody by the Federal Reserve Banks fo foreign official and international accounts were $90,891 million, an increase of $329 million for the week. 1/ Net of $3,295 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $2,009 million was wj! th foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. I! Net of $6,552 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $1,714 million was with foreign official and international accounts. Includes $147 million securities loaned—fully secured by U.S. Government securities. If Includes all reserve balances of depository institutions. Total vault cash at institutions without required reserve balances less vault cash equal to their required reserves. 2/ Adjusted to include $128 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. y 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. Reserve balances with Federal Reserve Banks plus vault cash used to satisfy reserve requirements less required reserves. (This mef-sure of excess reserves is comparable to the old excess reserve concept published historically.) Vault cash *nd required reserves are partial3 ly 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 10, 1980 December 3. 1980 December 12. 1979 ASSETS Gold certificate account 11,161 + 49 Special Drawing Rights certify ,ft£t. 3,368 + 1,568 Coin 394 6 18 Loans 2,101 746 + 291 Acceptances—, he Id nd^pr Repurchase agreements Federal agency oblifcations- Bought outrigjht 8,739 13 Htld under repurchase agreements* U.S. government securities: Bought outright-Bills 39,481 Notes 58,618 + 2,124 Bonds 16,893 + 2.340 Total bought outright2 114,992 + 315 - 1,319 Held under repurchase agreements -- Total U.S. government securities 114.992 + 315 - 1.319 Total loans and securities 125,832 + 1 ,048 - 505 Cash items in process of collection (2,282 ) 11,380 + 531 - 2,388 Bank premises 457 + 1 + 53 Other assets 3 7.083 + 438 + 2.237 TOTAL ASSETS (2,282 ) 159,675 + 2,011 + 996 LIABILITIES Federal Reserve notes 123,062 733 +11,267 Deposits: Depository institutions 23,297 + 3 ,196 - 8,456 U.S. Treasury—general account 1,516 - 1 ,600 - 1,094 Foreign—official accounts 272 - 11 + 2 Other 466 + 75 + 161 Total deposits 25,551 + 1 ,660 + 9,387 Deferred availability cash items (2,282 ) 6,446 - 537 - 554 Other liabilities and accrued dividends 4 2.030 + 142 - 271 TOTAL LIABILITIES (2,282 ) 157,089 + 1,998 + 1,055 CAPITAL ACCOUNTS Capital paid in 1,199 55 Surplus 1,145 67 Other capital accounts 242 13 181 * 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 $ 6,552 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 147 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 10, 1980 Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements. LLooaannss AAcccceeppttaanncceess U.S. government securities Federal agency obligations Holdings j Weekly changes Holdings j Weekly changes Within 15 days 2,041 -- 2,185 -3,091 -0- -63 16 days to 90 days 60 -- 19,116 +1,886 595 +54 91 days to 1 year -- -- 30,677 +1,520 1,530 +40 Over 1 year to 5 years -- -- 34,657 -- 4,837 -44 Over 5 years to 10 years -- -- 13,355 -- 1,092 „- Over 10 years -- -- 15,002 -„ 685 __ Total 2,101 -- 114,992 + 315 8,739 -13 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 10, 1980 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas F rancisco ASSETS Gold certificate account 11,161 577 3,013 560 847 961 465 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 394 26 21 19 46 43 37 21 28 12 44 31 66 Loans 2,101 231 877 53 150 144 94 281 40 59 130 30 12 Acceptances he d under repurchase agreements -- — -- -- -" -- -- — -- -- -- -- ~- Federal agency obligations: Bought outright 8,739 399 2,272 379 660 718 317 1,373 351 156 409 519 1,186 Held under repurchase agreements 1 -- -- -- -- — — -- -- — -- -- -- -- U.S. government securities: Bought outright—Bills 39,481 1,804 10,262 1,714 2,983 3,243 1,431 6,204 1,587 705 1,850 2,343 5,355 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 2 114,992 5,254 29,890 4,992 8,687 9,445 4,167 18,069 4,621 2,054 5,389 6,825 15,599 Held under repurchase agreements 1 __ -- -. -- -- -- __ -- .- -- -- ~. .- Total U.S. government securities 114,992 | 5,254 29,890 4,992 8,687 9,445 4,167 18,069 4,621 2,054 5,389 --ZJLJUZ T5T599 Total loans and securities 125,832 I 5,884 33,039 5,424 9,497 10,307 4,578 19,723 5,012 2,269 5,928 7,374 16,797 Cash items in process of collection 13,662 414 1,711 442 543 2,333 2,236 1,475 537 779 1,281 1,025 886 BanK premises 457 1 103 19 53 25 88 35 16 14 28 21 13 42 Other assets 3 7,083 233 1,812 299 553 435 469 1,005 224 187 301 412 1,153 inte; district settlement account -0- ! - 276 44,611 - 516 - 367 - 170 -1,249 - 830 - 303 - 594 4- 143 + 741 -1,190 TOTAL ASSETS 161,957 1 7,132 45,115 6,443 11,412 14,303 6,677 23,682 6,118 2,963 8,368 10,345 19,399 1 Does t\Q\ include U.S. government and federal agency securities resold under matched sale-purchase transactions to foreign official and international accounts, of which $ -0- miJUon was outstanding at the end of the latest statement week. 2 Nci o? $ 6 552 , million matched sale-purchase transactions outstanding at the end of the latest statement week, includes $ 147 million securities ioaned-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 10, 1980 Millions of dollars Kansas San | Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 123,062 6,120 35,072 5.307 9,561 10,828 3,630 19,384 4,855 1,770 5,710 7,030 13,795 Deposits: Depository institutions 23,297 573 5,943 651 1,120 940 1,534 2,941 683 585 1,352 2,385 4,590 U.S. Treasury —general account 1,516 1,516 Foreign—official accounts 272 10 24 13 27 17 25 48 10 11 14 20 53 Other 466 1 434 1 17 1 3 3 1 2 2 1 Total deposits " 25,551 584 7,917 664 1,148 974 1,560 2,992 696 597 1,368 2,407 4,644 Deferred availability cash items 8,728 265 1,017 288 351 2,203 1,168 616 411 480 1,087 566 276 Other liabilities and accrued dividends *' 2.030 89 443 85 148 160 133 307 77 37 92 185 274 TOTAL LIABILITIES 159,371 7,058 44,449 6,344 11,208 14,165 6,491 23,299 6,039 2,884 8,257 10,188 18,989 CAPITAL ACCOUNTS Capital paid in 1,199 33 306 46 95 61 89 177 36 38 51 73 194 Surplus 1,145 33 290 45 95 58 87 168 35 36 49 67 182 Other capita! accounts 242 8 70 8 14 19 10 38 8 5 11 17 34 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 161,957 7,132 45,115 6,443 11,412 14t'303 6,677 23,682 6,118 2,963 8,368 10,345 19,399 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 140,268 7,076 38,390 6,591 10,320 11,999 5,627 21,240 5,666 2,272 6,764 8,238 16,085 Less-held by F.R. Banks 17.206 956 3.318 1.284 759 1,171 1,997 1.856 811 502 1,054 1,208 2,290 F.R. Notes, Net 123,062 6,120 35,072 5,307 9,561 10,828 3,630 19,384 4,855 1,770 5,710 7,030 13,795 Collateral heid against F.R. notes- Gold certificate account 11,161 577 3,013 560 847 961 465 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 108.533 5.372 31,170 4,585 8.446 9.561 3.059 17.112 4,249 1,488 5,060 6,281 12.150 Total collateral 123,062 6,120 35,072 5,307 9,561 10,828 3,630 19.384 4,855 1.770 5.710 7.030 13,795 1/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