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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release July 11, 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 Acceptances— Bought outright Held under repurchase agreements Loans-Total 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 Averages of daily figures Week ended Change from week ended Wednesday July 9, July Z July 9, July 11, 1980 1980 1979 1980 (In millions of dollars) 1/ Currency in circulation * Treasury cash holdings * Treasury deposits with F.R. Banks Foreign deposits with F.R. Banks Other deposits with F.R. Banks 5/ Other F.R. liabilities and capital Member bank reserves: With Federal Reserve Banks Currency and coin Total reserves held 4/ Required reserves ~~ Excess reserves 4/ 3/ 1,577 541 +13,935 - 225 2/120,418 + 1,114 36 8,875 29 - 101 179 - 133 2 726 157 284 4 5,784 5,696 142,380 11,172 3,018 13,293 169,863 + 2,178 + 132 71 69 - 1 ,766 - 100 +12 ,017 - 136 + 1 ,218 + 873 +13,973 7 ,017 5 ,473 142 067 11 172 3 018 13 293 169,550 128,336 550 3,102 351 1,209 4,886 138,434 + 1,429 + 3 + 11 47 - 206 54 + 1,135 +10,201 + 188 - 547 + 42 + 572 + 701 +11,157 129,097 550 3,204 301 1,014 4,580 138,746 31,428 11,559 43,178 42,583 595 - 1,205 + 321 887 - 1 ,211 + 324 + 2,814 + 823 + 3,702 + 3,070 + 632 30,804 11,559 42,554 42,583 29 121,810 8,875 215 5 NOTE: A net of $89 million of surplus reserves were eligible to be carried forward from the week ended July 2, into the week ending July 9. On July 9, 1980, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $82,298 million, an increase of $227 million for the week. 1/ Net of $2,818 million, daily average, matched sale-purchase transactions outstanding during the latest statement week of which $2,480 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. 2/ Net of $4,210 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which $2,474 million was with foreign official and international accounts. Includes $171 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. Adjusted to include $191 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. 5/ Includes special deposits under the credit restraint program of $497 million, daily average, held by Money Market Mutual Funds and other financial intermediaries; $14 million, daily average, held by nonmember banks against managed liabilities; $81 million, daily average, held under the consumer credit restraint program. Estimated (Treasury's Figures). CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Change since Wednesday July 11, July 9, July 2, 1979 A S S, E_ T S 1980 1990 123 1,172 — Gold certificate account + 1,218 3,018 — Special Drawing Rights certif. acct. + 46 10 383 Coin 968 136 284 Loans Acceptances-- Bought outright Held under repurchase agreements + 1,114 8,875 Federal Agency obligations--Bought outright Held under repurchase agreements 1/ U.S. Government securities: - 2,660 +11,052 46,141 Bought outright—Bills + 3,119 58,174 Notes 16,103 + 2,404 Bonds H.4.1(a> 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_/ TOTAL ASSETS 120,418 2,660 +16,575 120,418 129,577 13,636 443 5,030 163,259. 2,660 - 2,796 + 2,355 + 2 187 636 +16,575 +16,721 - 526 + 46 596 +16.J86 116,737 + 1,099 + 9,859 30,366 375 63 30,804 - 962 + 124 37 + - 801 + 26 - 386 44 + - 196 - 1,313 - 176 - 232 - 622 + 5,784 + 145 + 63 + 5,992 1/ (2,222) (2,222) L I A B I L I T I E S Federal Reserve notes Deposits: Reserve accounts: Member Banks Edge Act Corporations U.S. Agencies & Branches of Foreign Banks Total Special deposits—Credit Restraint Program U.S. Treasury--general account Foreign — official accounts Other Total deposits Deferred availability cash items (2,222) Other liabilities and accrued dividends 4/ TOTAL LIABILITIES ~ (2,222) i± A P I_ I A L A C C O U N T S Capital paid in Surplus Other capital accounts 606 3,204 301 408 35,323 6,619 2,007 160,686 1,170 1,145 258 „ — - 14 + 606 + 285 + 14 + 44 + 6,941 337 + 296 +16,759 + + 42 67 82 Figures in parentheses are the eliminations made in the consolidating process. 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 $4,210 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $171 million securities loaned— fully secured by U.S. Government securities. 3/ Includes assets denominated in foriegn currencies. Beginning December 29, 1978, such assets are revalued monthly at market exchange rates. 4/ Includes exchange-translation account reflecting, beginning December 29, 1978, the monthly revaluation at market exchange rates of foreign exchange commitments. 1/ MATURITY DISTRIBUTION: OF LOANS AND SECURITIES. J^Y 9, 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 281 3 284 Acceptances Federal Agency U.S. Government obligations securities Holdings Weekly Holdings Weekly ! change changes; 206" + 38 3,566 100 2,443 +196 714 24,909 -233 11 1,351 30,786 - 1 — 4,701 33,418 — 1,265 13,601 -744 14,138 -2,660 8,875 120,418 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON H.4.1(b) New Total Boston York Philadelphia Cleve- Richmond Atlanta (In millions of dollars) land 1 JULY 9, 1980 St. Chicago Louis Minneapolis Kansas City San Dallas Francisco A S S E T S 11,172 3,018 1,057 3,024 1,010 797 145 737 240 961 274 665 95 1,252 154 493 465 126 225 51 501 133 472 159 803 351 Coin 383 23 19 17 40 45 39 21 30 15 48 27 59 Loans Acceptances: Bought outright Held under repurchase agreements Federal Agency obligations— Bought outright Held under repurchase agreements 1/ U.S. Government securities: Bought outright— Bills Certificates Notes Bonds 284 4 -- 270 -- -- -- 2 -- 1 6 1 -_ — -- — — — — — — -— — — — -- — — — — -— — — -— — — 1,394 Gold certificate account Special Drawing Rights certif. acct. 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/ 8,875 405 2,307 385 670 729 322 -- -- — — — — — 46,141 2,108 11,993 2,003 3,486 3,790 — — — -- -- -- 15,121 4,186 2,526 4,395 1,217 4,778 1,323 58,174 16,103 120,418 1/ 2,658 735 5,501 -- — 31,300 -.- 699 5,228 — 9,098 — 9,891 1,672 7,250 -2,108 584 4,364 _. -- 159 416 527 1,204 — -- — -- — 1,854 825 2,162 357 — — 9,141 2,530 18,921 2,739 6,259 -- -- -- -- — 2,338 2,726 3,452 647 1,039 287 755 956 7,892 2,184 4,839 2 ,151 5,643 7,147 16,335 — -- — — -- •- 120,418 129,577 5,501 5,910 31,300 33,607 5,228 5,883 9,098 9,768 9,891 10,620 4,364 4,686 18,921 20,317 4,839 5,196 2 i"l51 2 ,311 5,643 6,065 7,147 7,675 16,335 17,539 15,858 492 104 188 1,897 473 53 205 1,147 2,515 1,913 2,049 1,228 34 294 17 713 877 28 121 330 1,197 85 341 636 13 170 1,434 24 385 21 219 12 288 34 812 147 -2,078 9,683 18,748 443 5,030 -0165,481 18 267 1,294 +7,566 -1,344 7,661 48,222 6,442 - - 505 11,836 - 410 14,431 - 849 6,877 - 684 24,178 - 479 6,157 - 3 ,298 - 473 7,948 - 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 $4,210 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $171 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 Ju i y 9, 1930 H.4.1(c) Total i Boston New York Philadelphia .... ._ Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City San Dallas Francisco (In millions of dollars) L I A B I L I T I E S Federal Reserve notes Deposits: "Reserve Accounts 1/ U.S. Treasury—general account Foreign- Official Accounts Other 2/ Total deposits Deferred availability cash items Other liabilities and accrued dividends 3/ TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 116,737 6,122 32,411 5,232 9,205 10,392 3,347 19,011 4,725 1,759 5,224 6,279 13,030 30,804 3,204 1,012 9,643 3,204 741 1,800 1,605 2,065 3,717 833 878 1,387 2,454 4,669 -- __ -- -- -- -- -- -- -- -- __ 301 7 74 119 691 20 24 12 41 19 7 36 41 39 40 13,657 1,844 1,658 2,085 2,091 1,169 3,794 1,431 1,094 2,486 4,748 968 8 5 891 534 14 18 283 7 5 845 432 10 34 1,093 10 34 785 246 627 287 1,014 35,323 8,841 422 694 87 534 81 158 155 83 295 75 35 88 134 282 7,585 47,570 6,344 11,629 14,290 6,690 23,794 6,077 3,219 7,837 9,526 18,347 258 33 33 10 296 290 66 44 45 9 94 95 18 61 58 22 90 87 10 174 168 42 35 35 10 37 36 6 50 49 12 72 67 18 184 182 35 165,481 7,661 48,222 6,442 11,836 14,431 6,877 24,178 6,157 3,298 7,948 9,683 18,748 2,415 6,452 7,235 14, S13 501 133 6 472 159 1 803 351 -- 225 51 1 4,994 5,585 2,138 2,415 5,812 6,452 6,603 7,235 13^659 14,813 2,007 162,908 1,170 1,145 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, and Agency Securities Total collateral \J 2/ 133,475 7,110 35,969 6.390 9.856 11,558 5,209 20,883 5 585 11,172 3,018 1,057 3,024 1,010 797 145 737 240 961 274 665 95 1,252 465 126 13 154 4 -- -- -- -- 119,272 133,475 5,895 7,110 32,148 35,969 5,235 6,390 8,879 9,856 10,323 11,558 — 4,449 5,209 493 — 19,137 20,883 Includes reserves of Member Banks, Edge Act Corporations and U.S. Agencies and Branches of Foreign Banks. Includes special deposits under the credit restraint program held by Money Market Mutual Funds and other financial intermediaries, by nonmember banks against managed liabilities and under the consumer credit restraint program. 31/ Includes exchange translation account reflecting the monthly revaluation at market exchange rates fo foreign exchange commitments. --
@FedFRASER