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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release May 9, 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 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 Reserves: With Federal Reserve Banks Currency and coin Total reserves held4/ Required reserves Excess reserves 4/ Note: 3/ Averages of daily figures Week ended Change from week ended Wednesday May 7, May 7, April 30, 1 May 9, 1980 1980 I 1979 , 1980 (In millions of dollars) - / 118,290 -1,219 +12,627 . - / 118,277 + 245 + 245 -8,877 + 115 + + 1,443 115 109 + 109 + 109 245 8,877 1,329 155 -1,335 17 + 518 + 113 -1,453 4,169 5,437 138,572 11,172 2,968 13,246 165,958 + 17 -1,436 123,897 + -__ 632 115 » 159 6 - 2,844 - 1,347 ""* \ \ 927 84 1,668 1,037 +12,660 4,442 5,533 138,056 11,172 2,968 13,250 165,446 +10,012 124,666 +10,191 - 236 + + + 605 -- 2,442 -1,403 + 2 - 35 + 131 - 674 + i,uo + 9,605 | 4,966 134,539 - 762 + 3,055 ! + + 4,009 + 3,720 + 289 30,907 11,413 42,531 44,234 1,703 367 536 5,138 132,985 32,973 11,413 44,597 44,234 363 647 794 147 228 605 - 1,692 3,367 + - 65 118 409 526 A net of $89 million of surplus reserves were eligible to be carried forward from the week ended April 30, into the week ending May 7. On May 7, 1980, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $72,633 million, a decrease of $1,412 million for the week. 1/ Net of $3,622 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $2,616 million was with foreign official and international accounts. Includes securities loaned —fully secured by U.S. Government securities. 2/ Net of $3,634 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which $2,061 million was with foreign official and international accounts. Includes $229 million securities loaned — fully secured by U.S. Government securities. 2/ Includes reserves of Member Banks, Edge Act Corporations and U.S. Agencies and Branches of Foreign Banks. y 5/ Adjusted to include $211 million waivers of penalities for reserve deficiencies in accordance with Board policy effective November 19, 1975. Includes special deposits under the credit restraint program of $138 million, daily average, held by Money Market Mutual Funds and other financial intermediaries; $43 million, daily average, held by nonmember banks against managed liabilities. Estimated (Treasury's Figures). CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dol lars) Change Wednesday Change since May 7, April 3U, May 9, 1979 1980 1980 A S S E T S 210 11,172 Gold certificate account + 1,668 2,968 Special Drawing Rights certif. acct. * 18 5 382 Coin - 1,445 - 3,843 927 Loans Acceptances-- Bought outright Held under repurchase agreements + 1,443 8,877 Federal Agency obligations—Bought outright Held under repurchase agreements 1/ U.S. Government securities: 548 + 9,815 45,787 Bought outright--Bills Certificates + 3 045 — 57 707 Notes 426 14 ,783 — Bonds - 548 118 277 +14 ,286 Total bought outright U H.4.1(a) 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 -- 1/ (2,256) (2,256) 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 Other Total deposits Deferred availability cash items (2,256) Other liabilities and accrued dividends —' TOTAL LIABILITIES (2,256) C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts * 17 2/ 3/ 4/ — - 548 - 4 ,391 .. 118 ,277 128 ,081 10 ,897 433 5 100 159 ,033 + 30 - 4 ,124 - 1 ,306 +11 ,788 112,403 + + 9,350 302 — 879 - 2,407 + 3 + 29 - 2,375 201 + 30 - 1,194 239 409 325 35,209 6,455 2,400 156,467 - 2 ,666 + 30,520 318 69 30,907 3,367 +14,286 +14,284 57 + + + + + + - - 3,835 - 1,068 + 70 + - 4,094 1,162 1,145 259 36 381 23 69 427 201 423 127 61 + 1 ,117 442 768 +11,677 + + 30 45 67 1 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. Net of $3,634 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $229 million securities loaned— fully secured by U.S. Government securities. Includes assets denominated in forieng currencies. Beginning December 29, 1978, such assets are revalued monthly at market exchange rates. Includes exchange-translation account reflecting, beginning December 29, 1978, the monthly revaluation at market exchange rates of foreign exchange commitments. MATURITY DISTRIBUTION' OF LOANS AND SECURITIES, M A Y 7» 1 9 8 Q (Acceptances and securities held under repurchase agreements are classified as j 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 885 42 927 Acceptances U.S. Government securities Holdings Weekly changes 8,388 +869 -682 21,497 33,420 -735 29,784 — 12,029 — 13,159 — -548 118,277 Federal Agency obligations Holdings Weekly changes -492 1,592 4,778 1,271 744 8,877 -48 +83 -35 — — — — STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON H.4.1(b) Total Boston New York Philadelphia CleveRichmond Atlanta lftnd (In millions of dollars) MAY 7, 1980 Chicago St. Louis Minneapolis Kansas Citv San Dallas Francisco ASSETS 11,172 2,968 917 151 3,024 784 1,010 143 807 236 961 270 565 93 1,422 485 465 124 225 50 501 131 472 156 803 345 Coin 382 27 18 15 41 43 36 24 32 14 48 23 61 Loans Acceptances: Bought outrigjht Held under repurchase agreements Federal Agency obligations— Bought outright Held under repurchase agreements 1/ U.S. Government securities: Bought outright — Bills Certificates Notes Bonds 927 44 2 701 2 20 2 52 3 34 39 11 17 8,877 405 2,307 385 671 729 322 1,395 357 159 416 527 1,204 45,787 2,092 11,902 1,988 3,459 3,761 1,659 7,194 1,839 818 2,146 2,718 6,211 57,707 14,783 2,636 675 15,000 3,842 2,505 642 4,360 1.117 4,740 1,214 2,091 536 9,068 2,323 2,319 594 1,031 264 2,704 693 3,425 877 7,828 2,006 118,277 5,403 30,744 5,135 8,936 9,715 4,286 18,585 4,752 2,113 5,543 7,020 16,045 118,277 128,081 5,403 5,852 30,744 33,053 5,135 6,221 8,936 9,609 9,715 10,464 4,286 4,610 18,585 20,032 4,752 5,112 2,113 2,306 5,543 5,998 7,020 7,558 16,045 17,266 13,153 433 5,100 -0- 484 103 185 - 658 1,753 16 1,476 +4,624 407 54 205 -1,496 784 23 367 - 645 2,248 84 334 - 137 2,184 33 285 - 792 1,165 16 741 + 304 656 13 167 - 277 967 28 118 - 471 770 12 292 492 594 31 711 - 660 161,289 7,061 44,784 6,559 11,222 14,267 7,014 24,189 6,292 3,237 9,775 19,151 Gold certificate account Special Drawing Rights certif. acct. Total bought outright 2/ Held under repurchase agreements 1/ 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/ 3/ 1,141 20 219 - 284 + 7,774 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 $3,634 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $229 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 MAY 7, 1980 H.4.1(c) Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis 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 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 j 112,403 5,874 30,812 5,207 8,942 10,098 2,981 18,746 4,695 1,751 4,984 6,000 12,313 30,907 3,367 409 526 35,209 8,711 702 844 1,450 1,722 2,508 4,062 965 839 1,473 2,887 5,737 9 21 732 275 7,718 3,367 181 343 11,609 1,019 12 16 872 270 25 23 1,498 400 15 36 1,773 2,068 23 4 2,535 1,209 45 16 4,123 587 9 1 975 452 10 9 858 507 13 23 1,509 1,064 18 7 2,912 571 49 27 5,813 289 2,400 158,723 103 6,984 651 44,091 117 6,466 175 11,015 186 14,125 102 6,827 359 23,815 90 6,212 42 3,158 106 7,663 136 9,619 333 18,748 1,162 1,145 259 33 33 11 295 290 72 43 45 5 94 95 18 61 58 23 89 87 11 170 168 36 35 35 10 37 36 6 50 49 12 71 67 18 184 182 37 161,289 7,061 44,748 6,559 11,222 14,267 7,014 24,189 6,292 3,237 7,774 9,775 19,151 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 130,746 11,172 2,968 138 116,468 130,746 , V 6,783 34,832 6,573 9,781 11,383 5,161 20,561 5,383 2,458 6 ,140 6,960 14 731 917 151 15 5,700 6,783 3,024 784 2 31,022 34,832 1,010 143 8 5,412 6,573 807 236 2 8,736 9,781 961 270 19 10,133 11,383 565 93 2 4,501 5,161 1,422 485 13 18,641 20,561 465 124 1 4,793 5,383 225 50 28 2,155 2,458 501 131 35 5 ^73 6 ,140 472 156 7 6,325 6,960 803 345 6 13 ,577 14 .731 jL/ Includes reserves of Member Banks, Edge Act Corporations and U.S. Agencies and Branches of Foreign Banks. 2/ Includes special deposits under the credit restraint program held by Money Market Mutual Funds and other financial intermediaries and held by nonmember banks against managed liabilities. 3/ Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments.
@FedFRASER