H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE \%0l Factors Affecting Reserves of Depository Institutions and K^V* Condition Statement of F.R. Banks For immediate release December 19, 1980 Averages of dally figures Reserves of depository institutions, Week ended Change frorm w.ee k ended Wednesday Reserve Bank credit, December 17,December 10, cember December 17, and related items- 1980* 1980 1979 1980 * Reserve Bank credit: 1/ (In millions of dollars) U.S. Government securities-- Bought outright—System account 120,724 +2,733 + 3,3-98 120,069 Held under repurchase agreements 598 - 358 + 386 2,054 Federal Agency obligations- Bought outright 8,739 11 523 8,739 Held under repurchase agreements 142 + 49 5 389 Acceptances-- Bought outright Held under repurchase agreements 112 - 103 81 327 Loans— To depository institutions 1,505 - 281 181 1,616 Includes seasonal borrowing of: 124 + 13 + 41 127 Float 4,151 - 331 - 1,981 6,542 Other F.R. assets 7,941 + 959 +.2.623 8.609 Total Reserve Bank credit 143,912 +2,657 + 4,855 148,345 Gold Stock 11,161 1 + 49 11,161 Special Drawing Rights certif. acct. 3,368 -- + 1,568 3,368 Treasury currency outstanding 13.408 + 9 + 497 13.408 171,849 +2,666 + 6,969 176,282 Cufrency in circulation ** 135,359 + 467 +11,677 135,890 Treasury cash holdings ** 449 + 1 + 18 450 Treasury deposits with F.R. Banks 2,784 + 556 + 144 2,653 Foreign deposits with F.R. Banks 386 + 102 + 60 287 OtVier deposits with F.R. Banks 391 + 7 + 59 403 Other F.R. liabilities and capital 4.975 + 124 - 174 4.995 144,345 +1,258 +11,786 144,678 Reserve balances with F.R. Banks 3/ 27,505 +1,409 - 4,815 31,604 Total vault cash (estimated) 18,317 + 253 N/A 18,317 a) Vault cash at institutions, with required reserve balances 12,660 + 129 + 1,296 I 12,660 b) Vault cash equal to required reserves at other institutions 700 -- N/A 700 c) Surplus vault cash at other institutions 4/ 4,957 + 124 N/A 4,957 Reserve balances + total vault cash 5/ 45,946 +1,658 N/A 50,045 Reserve balances + total vault cash used to satisfy reserve requirements 5/6/( 40,989 +1,534 - 2,856 45,088 Required reserves (estimated) 40,554 +1,361 - 3,139 40,554 Excess reserve balances at F.R. Banks 5/7/ 435 + 173 + 283 4,534 On December 17, 1980, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and International accounts were $91,227 million, an increase of $336 million for the week. 1/ Net of $1,865 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $1,865 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. Government securities. 2/ Net of $2,585 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $2,585 million was with foreign and international accounts. Includes $215 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 $124 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 reserves 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 historically). Vault cash and required reserves are partially estimated. Estimated (Richmond 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 Wednesday Week ago Year ago December 17, 1980 December 10, 1980 December 19, 1979 ASSETS Gold certificate account 11,161 + 49 Special Drawing Rights certif. acct. 3,368 + 1,568 Coin 401 + 7 - 19 Loans 1,616 - 485 + 55 Acceptances- held under repurchase agreements 327 + 327 + :;27 Federal agency obligations- Bought outright 8,739 + 523 Held under repurchase agreements1 389 + 389 + 389 U.S. government securities: Bought outright-Bills 44,458 + 4,977 + 319 Certificates-Special Notes 58,718 + 100 + 2,224 Bonds 16,893 + 2,340 Total bought outright* 120,069 + 5,077 + 4,883 Held under repurchase agreements 2,054 + 2,054 + 2,054 Total U.S. government securities 122,123 + 7,131 + 6,937 Total loans and securities 133,194 + 7,362 + 8,231 Cash items in process of collection (2,511 ) 14,122 + 2,742 373 Bank premises 458 + 1 + 54 Other assets 3 + 1,068 + 3,001 TOTAL ASSETS (2,511 ) 170,855 +11,180 +12,511 LIABILITIES Federal Reserve notes 123,333 + 271 +10,969 Deposits: Depository institutions 31,604 + 8,307 + 2 ,302 U.S. Treasury—general account 2,653 + 1,137 - 408 Foreign-official accounts 287 + 15 + 13 Other 403 z 63 + 100 Total deposits 34,947 + 9,396 + 2 ,007 Deferred availability cash items (2,511 ) 7,580 + 1,134 - 225 Other liabilities and accrued dividends 4 2,349 + 319 - 36 TOTAL LIABILITIES (2,511 ) 168,209 +11,120 +12 ,715 CAPITAL ACCOUNTS Capital paid in 1,202 + 3 + 58 Surplus 1,145 + 6.7 Other capital accounts 299 + 57 - 329 * 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 $ 2,585 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 215 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 (Richmond District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES , DECEMBER 17, 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 Loans Acceptances Holdings [ Weekly changes Holdings | Weekly changes Within 15 days 1,573 327 5,011 +2,826 389 + 2:89 16 days to 90 days 43 22,888 +3,772 595 91 days to 1 year 31,210 + 533 1,530 Over 1 year to 5 years 34,657 4,837 Over 5 years to 10 years 13,355 1,092 Over 10 years 15,002 585 Total 1,616 327 12?,123 +7,131 v. 128 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 17, 1980 Millions of doilars Total r Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San Boston New York City Francisco 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 401 26 23 20 46 43 43 21 26 13 44 32 64 Loans 1,616 87 115 28 86 236 123 276 77 45 25 7 53 233 Acceptances held under repurchase agreements 327 -•• 327 -~ -- "~ -- -- -- -- -- -- Federal agency obligations: Bought outright 8,739 399 2,272 379 660 718 317 1.373 351 156 409 519 L , 186 Held under repurchase agreements 1 389 -- 389 -- __ -- ~~ -- -- -- -- -- -- U.S. government securities: Bought outright—Bills 44,458 2,031 11,556 1,931 3,359 3,652 1,61.1 6,986 1,786 794 2,083 2,638 6,031 Notes 58,718 2,682 15,263 2,549 4,436 4,823 2,128 9,227 2,359 1,049 2,752 3,485 7,965 Bonds 16,893 772 4,391 733 1,276 1,387 612 2,654 6^9 302 792 1,003 2,292 Total bought outright 2 120,069 5,485 31,210 5,213 9,071 9,862 4,351 18,867 4,824 2,145 5,627 7,126 16,288 Held under repurchase agreements 1 2,054 -- 2,054 -- -- -- -- -- -- -- -- -- Total U.S. government securities 122,123 5,485 33,264 5,213 9,071 9,862 4,351 18,867 4,8~24 2,145 5,627 7,126 16,288 Total loans and securities 133,194 5,971 36,367 5,620 9,817 10,816 4,791 20,516 5,252 2,346 6,293 7,698 17,707 Cash items in process of collection 16,633 540 2,328 515 745 2,321 3,127 1,858 672 896 1,484 1,066 1,081 Bank premises 458 103 20 53 24 88 35 16 14 28 22 13 42 Other assets 3 8,151 287 2,099 360 754 483 5 79 1,115 251 211 336 443 1,233 Interdistrict settlement account -0- - 423 +7,061 - 670 - 976 - 232 -1,428 -1,580 - 494 - 547 - 313 + 384 - 782 TOTAL ASSETS 1 173,366 1 7,252 51,800 6,620 11,525 14,786 7,718 24,218 6,327 3,229 8,516 10,385 20,990 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 $ _o- million was outstanding at the end of the latest statement week. 2 Net of $ 2,585 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes S215 million securities loaned-fully secured by U.S. government securities. 3 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. * Estimated (Richmond 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 DECEMBER 17, 1980 Millions of dollars 1 T. 1 San lotal Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas Francisco City LIABILITIES Federal Reserve notes 123,333 6,099 35,153 5,279 9,458 10,841 3,822 19,295 4,826 1,797 5,743 7,088 13,932 Deposits: Depository institutions 31,604 646 10,819 853 1,202 1,486 2,206 3,292 807 750 1,289 2,280 5,974 U.S. Treasury -general account 2,653 -- 2,653 -- -- -- -- -- -- -- -- -- -- Foreign-official accounts 287 10 39 13 27 17 25 48 10 11 14 20 53 Other 403 -- 383 -- 1 9 2 2 1 1 1 2 1 Total deposits 34,947 656 13,894 866 1,230 1,512 2,233 3,342 818 762 1,304 2,302 6,028 Deferred availability cash items 10,091 324 1,336 271 468 2,130 1,371 855 518 550 1,242 708 318 Other liabilities and accrued dividends 1/ 2,349 96 738 102 160 165 104 332 83 40 112 126 291 TOTAL LIABILITIES 170,720 7,175 51,121 6,518 11,316 14,648 7:530 23,824 6,245 3,149 8 7i01 10 224 20,569 CAPITAL ACCOUNTS Capital paid in 1,202 33 306 46 95 62 90 177 36 38 52 73 194 Surplus 1,145 33 290 45 95 58 87 168 35 36 49 67 182 Other capital accounts 299 11 83 11 19 18 11 49 11 6 14 21 45 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 173,366 7,252 51,800 6,620 11,525 14,786 7,718 24,218 6,327 3,229 8,516 10,385 20,990 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 140,697 7,032 38,812 6,534 10,255 12,039 5,803 21,038 5,632 2,280 6,768 8,253 16,251 Less-held by F.R. Banks 17,364 933 3,659 1,255 797 1,198 1,981 U743 806 483 1.025 1,165 2,319 F.R. notes^net 123,333 6,099 35,153 5,279 9,458 10,841 3,822 19,295 4,826 1,797 5,743 7,088 13,932 Collateral held against F.R. notes : Gold certificate account 11,161 577 .i,01i 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 108,804 5,351 31,251 4,557 8,343 9,574 3,251 17,023 4,220 1,515 5,093 6,339 12,287 Total collateral 123,333 " 6,099 35,153 5.279 9.458 10.841 3.822 19.295 4.826 1,797 5,74.3 _ ,7,088 13,932 1/ Includes exchange translation account reflecting the monthly revaluation at market rates of foreign exchange commitments. * Estimated (Richmond District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis