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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release February 29, 1980 Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U.S. Government securities— Bought outright—System account Held under repurchase agreements Federal Agency obligations— Bought outright Held under repurchase agreements AcceptancesBought outright Held under repurchase agreements LoansTotal member bank borrowing Includes seasonal borrowing of: Other borrowing Float Other F.R. assets Total Reserve Bank credit Gold Stock Special Drawing Rights certif. acct. Treasury currency outstanding Currency in circulation Treasury cash holdings Treasury deposits with F.R. Banks Foreign deposits with F.R. Banks Other deposits with F.R. Banks Other F.R. liabilities and capital Reserves: With Federal Reserve Banks Currency and coin Total reserves held Required reserves Excess reserves NOTE: 3/ 4/ 4/ Averages of daily figures Week ended Change from week ended Wednesday Feb. 27, Feb. 20, Feb. 28, Feb. 27, 1980 1980 1979 1980 (In millions of dollars) 1/ 2/ 113,242 3,141 +12,144 112,301 541 8,216 729 8,216 974 4,318 14 142 4,734 4,433 134,002 11,172 2,968 13,076 161,218 252 207 2,057 - 109 + 137 9 7,683 4,323 135,521 11,172 2,968 13,076 162,737 + 2,377 - 3,875 - 67 -'1,969 -— 340 121,556 480 + 3,682 + 277 349 + 4,564 130,908 31,829 10t720 42,763 43,015 252 10 - 1,959 . 406 2 - 313 58 58 192 288 - 1,673 + 437 - 1,239 - 387 - 852 + + 9,632 372 + 1,668 + 1,090 +12,018 +10,499 + 153 + 22 + 8 491 157 +10,034 4,438 131,726 + 1,983 + 983 + 3,037 + 3,378 341 29,492 10,720 40,426 43,015 - 2,589 121,755 480 4,478 245 330 A net of $302 million of surplus reserves were eligible to be carried forward from the week ended February 20, into the week ending February 27. On February 27, 1980, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $80,247 million, a decrease of $1,013 million for the week. 17 Net of $3,815 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $1,950 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. 2/ Net of $4,477 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which $1,906 million was with foreign official and international accounts. Includes $137 million securities loaned--fully secured by U.S. Government securities. 3/ Includes reserves of Member Banks, Edge Act Corporations and U.S. Agencies and Branches of Foreign Banks. 4/ Adjusted to include $214 million waivers of penalities for reserve deficiencies in accordance with Board policy effective November 19, 1975. Estimated (Treasury's Figures). CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (in millions of dollars') Wednesday Change since Feb. 28, Feb. 27, ' Feb. 20, 1980 1980 1979 ASSETS 372 11,172 — Gold certificate account + 1,668 2,968 — Special Drawing Rights certif. acct. + 112 8 456 Coin + 2,715 +3,217 4,318 Loans Acceptances-- Bought outright - 825 Held under repurchase agreements 729 8,216 Federal Agency obligations—Bought outright 708 Held under repurchase agreements i./ U.S. Government securities: -3, 881 + 5 787 41,254 Bought outright—Bills 56, 411 + 1 749 — Notes + 1,279 — l*i,636 Bonds H.4.1(a) Total bought outright %j Held under repurchase agreements Total U.S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets 3/ TOTAL ASSETS 112,301 -- 1/ (2,813) (2,813) L I A B I L I T I E S Federal Reserve notes Deposits: Reserve accounts: Member Banks Edge Act Corporations n.S. Agencies & Branches of Foreign Banks Total U.S. Treasury--general account '. Foreign--official accounts Other Total deposits Deferred availability cash items (2,813) Other liabilities and accrued dividends 4/ TOTAL LIABILITIES (2,813) -3 881 ,234 -6, 115 -4 431 -5 ,228 + 8 815 — + 77 ll ^590 + 8 815 +12 ,259 - 4,115 16 + - 154 + 9 ,414 109,615 - 436 + 9,616 29,129 335 28 29,492 4,478 245 330 34,545 6,380 1,948 152,488 -7,903 9 + 3 -7,909 +2,017 49 2 -5,943 -2,878 - 283 -9,540 + + 112,301 124 835 11 ,114 411 4 ,022 154,978 _- 594 144 28 - 422 + 1,035 98 - 258 + 257 - 218 +_ 89 + 9,744 CAPITAL ACCOUNTS, 1,155 67 + Capital paid in 1,145 67 + Surplus 190 53 464 Other capital accounts * Figures in parentheses are the eliminations made in the consolidating process. XI 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 $4,477 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $137 million securities loaned— fully secured by U.S. Government securities, 3/ Includes assets denominated in foreign currencies. Beginning December 29, 1978, such assets are revalued monthly at market exchange rates. hj Includes exchange-translation accounts reflecting, beginning December 29, 1978, the monthly revaluation at market exchange rates of foreign exchange commitments. MATURITY DISTRIBUTION: OF LOANS AND SECURITIES. FEBRUARY 27, 1980 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days In accordance with maximum maturity of the agreements.) Loans Within 15 days 16 days to 90 days 91 days to 1 year Over 1 year to 5 years Over 5 years to 10 years Over 10 years Total 4,242 76 4,318 Acceptances Federal Agency U.S. Government obligations securities Holdings Weekly Holdings Weekly changes changes -2,192 4,841 188 -777 23,352 -3,022 268 - 69 - 901 1,480 30,348 +172 28,886 + 4 -- 4,242 11,860 - 38 -- 1,318 720 13,014 ---6,115 8,216 -708 112,301 H,4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON FEBRUARY 27, 1980 Total Boston New York Philadelnhia Cleve- Richmond Atlanta (In millions of dollars) land 1 Chicago St. Louis Minneapolis Kansas Citv San Dallas Francisco ASSETS Gold certificate account Special Drawing Rights certif. acct. Coin Loans Acceptances: Bought outright Re Id under repurchase agreements Federal Agency obligations— Bought outright Held under repurchase agreements 1/ U.S. Government securities: Bought outright— Bills Certificates Notes Bonds Total bought outright 2/ Held under repurchase agreements Total U.S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets 3/ Interdistrict settlement account TOTAL 1/ 2/ 2/ \j 11,172 2,968 992 151 3,142 784 879 143 546 236 1,193 270 385 93 1,591 ; 485 474 124 231 50 618 131 451 156 670 345 456 32 25 21 46 50 46 36 33 16 49 29 73 4,318 474 1,429 156 329 429 367 290 80 80 91 221 372 --- -— -— -— --- --- — — -- — -- — — .. -- — "• 397 2,025 393 660 673 340 1,304 349 183 363 448 — — -- — — — — — 1,973 3,314 3,379 1,709 — — 8,216 -- -- 41,254 1,995 — — — 10,169 — — — — — — 6,547 — 1,755 — 917 — 1,821 — 2,248 1,081 — 5,427 — — 56,411 14,636 2,728 708 13,904 3,608 2,697 700 4,532 1,176 4,620 1,198 2,338 606 8,952 2,323 2,401 623 1 ,254 325 2,490 646 3,074 797 7,421 1,926 112,301 5,431 27,681 5,370 9,022 9,197 4,653 17,822 4,779 2 ,496 4,957 6,119 14,774 -- -- -- -- -- -- -- -- -- -- — -- — 112.301 124,835 5,431 6,302 27,681 31,135 5,370 5,919 9,022 10,011 9,197 10,299 4,653 5,360 17,822 19,416 4.779 5,208 2",496 2 ,759 4,957 5,411 6,119 6,788 14,774 16,227 13,927 411 4,022 509 104 144 - 852 2,215 15 1,023 +1,270 394 54 183 -1,007 1,141 23 320 - 851 2,239 83 247 - 258 1,659 32 280 - 689 1,379 16 547 + 922 613 13 133 - 286 1,080 28 106 - 790 1,154 20 170 + 511 819 12 215 -H.352 725 , 11 654 + 678 7,382 39,609 6,586 11,472 14,123 7,166 24,392 6,312 3 ,480 8,064 9,822 19,383 -0-j 157,791 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. Net of $4,477 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $137 million securities loaned—fully secured by U.S. Government securities. Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON FEBRUARY 27, 1980 H.4.1(c) Boston Total New York ! Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minne; apolis Kansas City Dallas San Francisco (In millions of dollars) L I A B I L I T I E S Federal Reserve notes Deposits: Reserve Account* 1/ U.S. Treasury—general account Foreign-official accounts Other Total deposits Deferred availability cash items Other liabilities e^d accrued dividends 2/ TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 109,615 5,676 29,751 5,160 8,804 9,997 3,138 18,174 4,631 1,699 4,862 5,750 11,973 29,492 4,478 245 330 34,545 9,193 1,054 187 7 1 1,249 291 6,405 982 59 301 7,747 982 812 187 10 1,009 222 1,565 278 21 1 1,865 456 1,413 373 13 10 1,809 2,031 2,167 353 19 1 2,540 1,186 4,063 447 36 5 4,551 1,011 858 197 7 1 1,063 465 890 170 8 2 1,070 591 1,719 251 11 2 1,983 1,033 2,849 325 15 3 3,192 634 5,697 728 39 3 6,467 291 1,948 155,301 91 7,307 497 38,977 100 6,491 144 11,269 148 13,985 125 6,989 288 24,024 76 6,235 42 3,402 80 7,958 98 9,674 259 18,990 1,155 1,145 33 33 9 294 290 £8 45 6 94 95 14 61 58 19 88 87 2 168 168 32 34 35 8 37 36 5 49 49 8 69 67 12 184 182 27 7,382 39,609 6,586 11,472 14,12? 7,166 24,392 6,312 3,480 8,064 9,822 19,383 190 1 j 157,791 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding Collateral for F.R. notes: Gold certificate account Special Drawing Rights certif. acct. Eligible paper U.S. Govt. & Agency securities Total collateral l_/ 2/ 127,049 ,172 ,968 ,576 111,333 127,049 [ j 4 I j 6,636 33,319 6,394 9,613 10,936 5,218 19,895 5,273 2,527 6,016 6,723 14,499 992 151 256 5,237 6,636 3,142 784 39 29,354 33,319 879 143 58 5,314 6,394 546 236 330 8,501 9,613 1,193 270 258 9,215 10,936 385 93 125 ,615 5,218 1,591 485 108 17,711 19,895 474 124 48 4,627 5,273 231 50 46 2,200 2,527 618 131 71 5,196 6,016 451 156 107 6,009 6,723 670 345 130 13,354 14,499 Includes reserves of Member Banks, Edge Act Corporations and U.S. Agencies and Branches of Foreign Banks. Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments.
@FedFRASER