H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE '« P' Factors Affecting Reserves of Depository Institutions and Condition Statement of F.R. Banks For Immediate release December 26, 1980 Averages of dally figures Reserves of depository institutions, Week ended Change from week ended Wednesday Reserve Bank credit, December 24, becember 17 jDecember 26 (December 24, and related items 1980 *' 1980 T 1979 1980 * Reserve Bank credit: (In millions of dollars) U.S. Government securities-- Bought outright—System account 119,071 -1,653 + 1,743 -I 118,308 Held under repurchase agreements 266 - 332 - 799 Federal Agency obligations-- Bought outright 8,739 + 523 8,739 Held under repurchase agreements 10 - 132 - 175 Acceptances-- Bought outright Held under repurchase agreements 30 776 Loans-- To depository institutions 1,649 + 144 + 424 1,388 Includes seasonal borrowing of: 119 - 5 + 38 95 Float 6,161 +1 ,940 - 592 9,704 Other F.R. assets 8,361 + 420 + 2,694 8,907 Total Reserve Bank credit 144,288 + 306 + 3,044 147,046 Gold Stock 11,161 — + 49 11,161 Special Drawing Rights cerelf. acct. 3,368 -. + 1,568 3,368 Treasury currency outstanding 13.410 + 2 + 472 ..13.423 172,227 + 308 + 5,132 174,998 Currency in circulation ** 135,952 + 592 +11,214 136,733 Treasury cash holdings ** 449 — + 19 450 Treasury deposits with F.R. Banks 2,287 - 497 - 806 2,540 Foreign deposits with F.R. Banks 395 + 9 + 129 413 Other deposits with F.R. Banks 392 + 1 + 76 379 Other F.R. liabilities and capital 4,975 - 2 - 470 4,748 144,449 + 102 +10,160 145,263 Reserve balances with F.R. Banks 3/ 27,778 + 206 - 5,027 29,735 Total vault cash (estimated) "~ 17,663 - 654 N/A 17,663 a) Vault cash at institutions with required reserve balances 12,345 - 315 + 1,345 12,345 b) Vault cash equal to required reserves at other institutions 700 - N/A 700 c) Surplus vault cash at other institutions 4/ 4,618 „ 339 N/A 4,618 Reserve balances + total vault cash 5/ 45,575 - 438 N/A 47,532 Re u se se r d ve to b a s la a n ti c s e f s y + r e t s o e t r a v l e v r a e u q l u t ir c e a m sh e nts 5/6/ 40,957 » 99 - 3,012 42,914 Required reserves (estimated) 40,029 - 525 - 3,574 40,029 Excess reserve balances at F.R. Banks 5/7/ 928 + 426 + 562 2,885 On December 24, 1980, marketable U.S. Government securities held in custody by. the Federal Reserve Banks for foreign official and international accounts were $92,963 million, an increase of $1,736 million for the week. 1/ Net of $3,582 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $2,574 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. 2/ Net of $4,346 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $2,725 million was with foreign official and international accounts. Includes $220 million securities loaned—fully secured by U.S. Government securities. Includes all reserve balances of depository institutions. Total vault cash at institutions without required reserve balances less vault cash equal to their required reserves. Adjusted to include $134 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. __/ 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. 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, Dallas and San Francisco Districts). Estimated (Treasury's Figures). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS Millions of dollars **** Change since ** WWeeddnneessddaayy Wednesday Wednesday December 24, 1980 December 17. 1980 December 26 1979 f ASSETS Gold certificate account 11,161 + 49 Special Drawing Rights certif. acct. 3,368 -- + 1,568 Coin 405 + 4 7 Loans 1,388 i 228 - 594 Acceptances— held under repurchase agreements .- - 327 - 415 Federal agency obligations- Bought outright 8,739 ... + 523 Held under repurchase agreements* — - 389 - 115 U.S. government securities: Bought outright-Bills 42,697 - 1,761 + 888 Notes 58^718 .... +2,224 BBoonnddss 1166..889933 -- + 2,340 TToottaall bboouugghhtt oouuttrriigghhtt22 111188,,330088 - 1,761 + 5 452 y Held under repurchase agreements* ~~,, 22..005544 - 201 Total U.S. government securities 118,308 33..881155 + 5,251 Total foans and securities 128,435 r~4 .759 + 4,650 Cash items in process of collection ( 2,63ll 16,714 + 2.248 + 1,921 Bank premises 454 • 4 + 48 Other assets 3 8.453 + 302 4- 2,838 TOTAL ASSETS ( 2,631) 168.990 2,209 +11.067 LIABILITIES Federal Reserve notes 124,165 + 827 +10,675 Deposits: Depository institutions 29,735 „ 1,869 + 1,215 U.S. Treasury—general account 2,540 _ 113 343 Foreign—official accounts 413 + 126 + 197 Other 379 - 24 + 9 Total deposits 33,067 . 1,880 +1,078 Deferred availability cash items < 2,631> 7,010 - 895 + 247 Other liabilities and accrued dividends 4 2.107 - 250 -. 505 TOTAL LIABILITIES ( 2,63l) 166,349 - 2,198 +11,495 CAPITAL ACCOUNTS Capital paid in 1,202 — + 57 Surplus 1,145 — + 67 Other capital accounts 294 - 11 - 552 * 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 $ 614 million was outstanding at the end of the latest statement week. 2 Net of $ 4,346 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 220 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, Dallas and San Francisco Districts). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, DECEMBER 24, 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 1,364 -- 4,303 - 708 180 -209 16 days to 90 days 24 -- 19,542 -3,346 415 -180 91 days to 1 year "" -- 31,450 + 240 1,530 -- Over 1 year to 5 years "" -- 34,657 -- 4,837 -- Over 5 years to 10 years -- -- 13,354 1 1,092 -- Over 10 years ~~ 1155..000022 -- 668855 -- Total 11 11^^338888 111188,,330088 -3,815 88,,773399 -389 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 24, 1980 Millions of dollars Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San * 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 405 28 24 19 49 43 41 20 26 13 45 32 65 Loans 1,388 102 88 32 208 69 54 538 57 32 125 71 12 Acceptances held 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 42,697 1,951 11,098 1,854 3,226 3,508 1,547 6,709 1,716 762 2,000 2,534 5,792 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 2,654 679 302 792 1,003 2,292 Total bought outright 2 118,308 5,405 30,752 5,136 8,938 9,718 4,287 18,590 4,754 2,113 5,544 7,022 16,049 HHeelldd uunnddeerr rreeppuurrcchhaassee aaggrreeeemmeennttss 11 -- -- __ -- -- -_ — -- -. -- -- -- -- TToottaall UU..SS.. ggoovveerrnnmmeenntt sseeccuurriittiieess 118,308" 5,405 30,752 5,136 8,938 9,718 4,287 18,590 4,754 2,113 5,544 7,022 16,049 Total loans and securities 128,435 5,906 33,112 5,547 9,806 10,505 4,658 20,501 5,162 2,301 6,078 7,612 17,247 Cash items in process of collection 19,345 750 2,685 579 1,424 3,148 2,755 2,397 806 750 1,714 1,079 1,258 Bank premises 454 100 20 53 24 88 35 16 13 28 22 13 42 Other assets 3 8,453 370 2,111 369 610 485 850 1,157 255 219 346 446 1,235 Interdistrict settlement account -0- - 282 4-4,333 - 328 - 524 - 426 - 518 -1,768 - 352 - 282 - 206 + 910 - 557 TOTAL ASSETS 171,621 7,620 46,187 6,961 12,504 15,110 8,392 24,595 6,516 3,311 8,649 10,841 20,935 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 $ 614 million was outstanding at the end of the latest statement week. 2 Net of $ 4,346 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 220 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, Dallas and San Francisco Districts). 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 24, 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 124,165 6,158 35,347 5,311 9,483 10,915 3,763 19,462 4,842 1,802 5,781 7,211 14,090 Deposits: Depository institutions 29,735 861 7,633 1,047 1,638 1,422 2,369 3,358 838 797 1,409 2,702 5,661 U.S. Treasury—general account 2,540 117 360 160 533 138 161 306 162 113 35 152 303 Foreign—official accounts 413 10 165 13 27 17 25 48 10 11 14 20 53 Other 379 1 359 -- 1 7 2 3 -- 1 2 2 1 Total deposits 33,067 989 8,517 1,220 2,199 1,584 2,557 3,715 1,010 922 1,460 2,876 6,018 Deferred availability cash items 9,641 301 1,161 238 451 2,291 1,788 691 499 467 1,166 471 117 Other liabilities and accrued dividends 1/ 2,107 97 489 91 164 172 96 338 84 40 128 123 285 TOTAL LIABILITIES 168,980 7,545 45,514 6,860 12,297 14,962 8,204 24,206 6,435 3,231 8,535 10,681 20,510 CAPITAL ACCOUNTS Capita! 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 294 9 77 10 17 28 11 44 10 6 13 20 49 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 171,621 7,620 46,187 6,961 12,504 15,110 8,392 24,595 6,516 3,311 8,649 10,841 20,935 FEDERAL RESERVE: AGENTS' AACCCCOOUUNNTTSS FF..RR.. nnootteess oouuttssttaannddiinngg 140,393 7,018 38,750 6,522 10,240 12,036 5,731 21,025 5,614 2,272 6,759 8,229 16,197 LLeessss--hheelldd bbyy FF..RR.. BBaannkkss 16,228 860 3,403 1,211 757 1,121 1,968 1,563 772 470 978 1,018 2,107 F.R. notes, net 124,165 6,158 55,547 5,311 4,463 10,$15 3,763 19,462 4,842 1,802 5,781 7,211 14,690 Collateral held agaihst F.R. notes ; GGoolldd cceerrttiiffiiccaattee aaccccoouunntt 11,161 577 3,013 560 847 961 465 1,722 465 225 501 572 1,253 SSppeecciiaall DDrraawwiinngg RRiigghhttss cceerrttiiff.. aacccctt.. 3,368 171 889 162 268 306 106 550 141 57 149 177 392 OOtthheerr eelliiggiibbllee aasssseettss UU..SS.. ggoovvtt aanndd aaggeennccyy sseeccuurriittiieess 109,636 5,410 31,445 4,589 •8,368 9,648 3,192 17,190 4,236 1,520 5,131 6,462 12,445 TToottaall ccoollllaatteerraall 124,165 6,158 35,347 5,311 9,483 10,915 3,763 19,462 4,842 1,802 5,781 7,211 14,090 ^/Includes exchange translation account reflecting the monthly revaluation at market rates of foreign exchange commitments. * Estimated (Richmond, Dallas and San Francisco Districts). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis