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 January 2, 1981 Averages of daily figures Reserves of Depository Institutions, Week ended Change from week ended] Wednesday Reserve Bank credit, December 31 .December 24 J January 2, ] December 31 and related items 1980* 1980 J 1980 1980* Reserve Bank credit: (In millions of dollars) U.S. Government securities- Bought outright—System account -' 117,098 -1,973 - 398 -' 119,299 Held under repurchase agreements 510 + 244 1,029 2,029 Federal Agency obligations-- Bought outright 8,739 + 523 8,739 Held under repurchase agreements 98 + 88 491 525 Acceptances-- Bought outright - Held under repurchase agreements 191 + 161 635 776 Loans-- To depository institutions 1,627 - 22 + 1% 1,809 Includes seasonal borrowing of: 116 3 + 52 133 Float 9,176 +3,138 + 1,534 4,695 Other F.R. assets 8,536 + 166 +_ 2,914 8.682 Total Reserve Bank credit 145,976 +1,803 + 2,616 146,554 Gold Stock 11,161 + 32 11,161 Special Drawing Rights certif. acct. 3,125 - 243 + 1,325 2,518 Treasury currency outstanding 13,426 + 16 440 13,427 173,688 +1,575 + 4,413 173,660 Currency in circulation ** 136,939 + 982 +11,428 137,038 Treasury cash holdings ** 450 + 1 + 4 450 Treasury deposits with F.R. Banks 3,286 + 999 - 321 3,062 Foreign deposits with F.R. Banks 375 - 20 + 24 411 Other deposits with F.R. Banks 414 + 22 - 406 599 Other F.R. liabilities and capital 4,853 - 121 - 549 i A,644 146,317 +1,864 +10,180 146,204 Reserve balances with F.R. Banks 3/ 27,371 - 288 5,766 | 27,456 Total vault cash (estimated) 18,482 + 819 NA 18,482 a) Vault cash at institutions with required reserve balances 12,954 + 609 + 2,215 12,954 b) Vault cash equal to required reserves at other institutions 700 - NA 700 c) Surplus vault cash at other institutions 4/ 4,828 + 210 NA 4,828 Reserve balances + total vault cash 5/ 45,976 + 520 NA 46,061 Reserve balances + total vault cash "" used to satisfy reserve requirements 5/6f/6 / 414,11,4184 8 + 310 3,589 41,233 Required reserves (estimated) 40,558 + 529 3,627 40,558 Excess reserve balances at F.R. Banks 5/7/ 7J 590 - 219 + 38 675 On December 31, 1980, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and interna tional accounts were $91,795 million, a decrease of $1,168 million for the week. 1/ Net of $5,549 million, daily average, matched sale-purchase trans actions outstanding during the latest statement week, of which a net of $3,234 million was with foreign official and International accounts. Includes securities loaned—fully secured by U.S. Govern ment securities. 2/ Net of $3,306 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $3,306 million was with foreign official and international accounts. Includes $444 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 $123 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 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 (Cleveland, Richmond and Dallas Districts). ** 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 December 31, 1980 December 24, 1980 January 2, 1980 ^SSEtS Gold certificate account 11,161 .- + 49 Special Drawing Rights certif. acct. 2,518 - 850 + 718 Coin 397 - 8 11 Loans 1,809 + 421 - 251 Acceptances—held under repurchase agreements 776 + 776 302 Federal agency obligations- Bought outright 8,739 -- + 523 Held under repurchase agreements* 525 + 525 - 597 U.S. government securities:' Bought outright-Bills 43,688 + 991 - 1,671 Certificates-Special Notes 58,718 — 4- 2,224 Bonds 1166,,889933 — + 2,340 Total bought outright2 111199,,229999 +~ 991 + 2,893 Held under repurchase agreements* 2.029 + 2.029 - 635 Total U.S. government securities 121,328 + 3,020 + 2,258 Total loans and securities 133,177 + 4,742 + 1,631 Cash items in process of collection ( 2,828) 12,814 « 4,411 - 3,143 Bank premises 457 + 3 + 50 Other assets 3 8.225 . 288 + 2.895 TOTAL ASSETS (2,828) 168.749 812 + 2.189 • ' i LIABILITIES Federal Reserve notes 124,458 + 257 +10,981 Deposits: Depository institutions 27,456 . 2,279 - 7,381 U.S. Treasury—general account 3,062 + 522 899 Foreign—official accounts 411 - 2 + 32 Other 599 JL 220 - 1.222 Tota^ deposits 31,528 . 1,539 - 9,470 Deferred availability cash items (2,828 ) 8,119 + 567 + 939 Other liabilities and accrued dividends 4 2.240 1L 128 324 TOTAL LIABILITIES (2,828) 166,345 - 587 + 2,126 CAPITAL ACCOUNTS Capital paid in 1,202 — + 56 Surplus 1,202 + 57 + 57 Other capital accounts -0- - 282 50 * 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 $ 3,306million matched sale-purchase transactions outstanding at the end of the latest statement week, includes $ 444 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 (Cleveland, Richmond and Dallas Districts). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, DECEMBER 31, 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 ii LLooaannss AAcccceeppttaanncceess Holdings | Weekly changes Holdings | Weekly changes Within 15 days 1,765 776 4,780 + 477 705 +525 16 days to 90 days 44 — 23,499 +3,957 426 + 11 91 days to 1 year .. — 30,187 -1,263 1,519 - 11 Over 1 year to 5 years -. — 34,505 - 152 4,837 — Over 5 years to 10 years — . — 13,355 + 1 1,092 — Over 10 years — ..1155,,000022 — 668855 — Total 1 1,809 777766 112211,,332288 +3,020 99,,226644 +525 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 31, 1980 Millions of dollars ^ y Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas 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. 2,518 128 665 121 201 229 79 411 106 42 111 132 293 Coin 397 27 24 19 49 42 38 23 24 12 44 30 65 Loans 1,809 106 663 54 202 189 81 186 51 34 138 47 58 Acceptances held under repurchase agreements 776 — 776 -- -- -- -- -- -- -- -- -- -- 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 1 525 -- 525 — — — — -- — -- -- — -- U.S. government securities: Bought outright—Bills 43,688 1,996 11,356 1,897 3,301 3,589 1,583 6,865 1,756 780 2,047 2,592 5,926 Certificates: Special Other 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 2 119,299 5,450 31,010 5,179 9,013 9,799 4,323 18,746 4,794 2,131 5,591 7,080 16,183 Held under repurchase agreements 1 2.029 -- 2.029 -- .. -- — — . — -- -- • -- Total U.S. government securities 121,328 5.450 33.039 5.179 9.013 9.799 4.323 18.746 4.794 2,131 5,591 7,080 16,183 Total loans and securities 133,177 5,955 37,275 5,612 9,875 10,706 4,721 20,305 5,196 2,321 6,138 7,646 17,427 Cash items in process of collection 15,642 403 2,351 425 623 3,115 2,041 1,730 656 699 1,521 1,284 794 Bank premises 457 ! 100 20 53 24 89 35 16 14 28 22 13 43 Other assets 3 8,225 ! 267 2,125 346 627 518 536 1,146 252 244 341 465 1,358 Interdistrict settlement account -0- - 82 •1-2.859 - 837 - 322 + 219 - 392 - 967 - 391 - 448 71 + 401 + 31 TOTAL ASSETS 1 171.577 1 7.375 48.332 , *,?99 11.924 15,879 7.523 24.386 6.322 3.123 8.607 10,543 21,264 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 $ 3,306 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 444 million securities loaned-fully secured by U.S. government securities. 3 includes assets denominated in foreign currencies, revalued monthly at market exchange rates. * Estimated (Cleveland, Richmond and Dallas 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 31, 1980 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago , St. Louis Minneapolis City Dallas Francisco LiABiLH IbS Federal Reserve notes 124 ,458 6,191 35 ,601 5,276 9,489 10 ,921 3,670 19,437 4 ,835 1,807 5,758 7 ,254 14 ,219 Deposits: Depository institutions 27 ,456 743 6 ,521 576 1,529 1,637 1,852 3,495 742 655 1,350 2 ,312 6 ,044 U.S. Treasury -general account 3 ,062 -- 3 ,062 -- -- -- -- -- -- -- -- -- Foreign-official accounts 411 10 145 14 - 30 18 27 52 11 11 15 21 37 Other 599 11 437 8 20 5 8 39 9 5 12 16 29 Total deposits 31 ,528 764 10 ,165 598 1,579 r ,660 1,887 3,586 762 671 1,377 2~,3 49 6~,1 30 Deferred availability cash items 10 ,947 257 1 ,384 237 470 2 ,992 1,667 672 569 529 1,269 664 237 Other liabilities and accrued dividendsl/ 2 ,240 97 570 96 196 182 119 337 84 40 99 130 290 TOTAL LIABILITIES 169 ,173 7,309 47 ,720 6,207 11,734 ~~lF .755 7,343 24,032 6", 250 3,047 8,503 i n> ,397 20 ,876 CAPITAL ACCOUNTS Capital paid in 1 ,202 33 306 46 95 62 90 177 36 38 52 73 194 Surplus 1 ,202 33 306 46 95 62 90 177 36 38 52 73 194 Other capital accounts -- -- — -- -- -- — -- -- -- -- -- -- TOTAL LIABILITIES AND CAPITAL ACCOUNTS 171 ,577 7,375 48 ,332 6,299 11,924 15 ,879 7,523 24,386 6 ,322 3,123 8,607 10 ,543 21 ,264 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 140 184 7,007 38 ,710 6,515 10,225 12 ,006 5,678 21,021 5 ,606 2,265 6,750 8 ,216 16 ,185 Less-heId by F.R. Banks 15 726 816 I ,109 1,239 736 _L ,085 2,008 1,584 771 458 992 962 1 ,966 F.R. notes, net 124,458 | 6,191 35 ,601 5,276 9,489 10 ,921 3,670 19,437 4", 835 1,807 5,758 T7 &r~ -~vr,2 19 Collateral held against F.R. notes: Gold certificate account 11 161 577 3 ,013 560 847 961 465 1,722 465 225 501 572 i ,253 Special Drawing Rights certif. acct. 2, 518 128 665 121 201 229 79 411 106 42 111 132 293 Other eligible assets -- -- -- -- -- --• -- -- -- -- -- -- -- U.S. govt, and agency securities 110, 779 5,486 31, t923 4,595 8,441 -Jb .731 3,126 17,304 4 ,264 1,540 5,146 6 ,550 12 ,673 Total collateral rnf,wi 6.191 35.601 5,276 9.489 ZEE, 921 3.670 19.457 =£ ,fi,T> 1,8fl7 S,7S8 ~ T, ?54 ZJHr ?T?— 1/ Includes exchange translation account reflecting the monthly revaluation at market rates of foreign exchange commitments. * Estimated (Cleveland, Richmond and Dallas Districts). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis