H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release June 15, 1978 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, June 14 June 7, June 15, June 14 and related items 1978 1978 1977 1978 Reserve Bank credit: (In millions of dollars) U.S. Government securities-- Bought outright--System account 1/ 101,361 +1,023 +11,072 2/ 96,705 Held under repurchase agreements Federal Agency obligations-- Bought outright 7,883 12 824 7,867 Held under repurchase agreements Acceptances-- Bought outright 52 Held under repurchase agreements Loans-- ^ Total member bank borrowing 794 + 148 + 571 1,553 Includes seasonal borrowing of: 106 5 + 58 106 Other borrowing Float 5,520 489 + 2 ,541 6,557 Other F.R. assets 2,440 93 - 322 2,438 Total Reserve Bank credit 117,999 578 +14 ,634 115,120 Gold Stock 11,706 12 + 77 11,706 Special Drawing Rights certif. acct. 1,250 + 50 1,250 Treasury currency outstanding 11,571 10 + 480 11,571 142,526 576 +15,241 139,647 Currency in circulation * 105,797 372 + 9,6 51 106,019 Treasury cash holdings * 395 29 39 400 Treasury deposits with F.R. Banks 3,690 835 + 2,3 70 3,631 Foreign deposits with F.R. Banks 258 47 29 248 Other deposits with F.R. Banks 2/ 870 195 + 155 675 Other F.R. liabilities and capital 3,919 146 + 794 4,294 114,930 139 +12,904 115,267 Member bank reserves: With Federal Reserve Banks 27,595 715 + 2,337 24,379 Currency and coin 9,524 128 + 829 9,524 Total reserves held 4/ 37,192 + 841 ++ 3,088 I 33,976 Required reserves 37,066 + 784 ++ 3,208 37,066 Excess reserves 4/ 126 + 57 120 - 3,090 NOTE: A net of $77 million of surplus reserves were eligible to be carried forward from the week ended June 7, into the week ending June 14. On June 14, 1978, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $84,946 million, a decrease of $908 million for the week. 1/ Net of $3,251 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $1,663 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. 2/ Net of $7,958 million matched sale-purchase transactions outstanding at the end of the latest statement week,of which $1,605 million was with foreign official and international accounts. Includes $91 million securities loaned--fully secured by U.S. Government securities. 3/ Includes $13 million of certain deposits of foreign-owned banking institutions voluntarily held with member banks and redeposited in full with Federal Reserve Banks. 4/ Adjusted to include $73 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. 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 (In millions of dollars) Wednesday Change since June 14, June 7, June 15, A S S E T _S 1978 1978 1977 Gold certificate account 11,706 12 + 77 Special Drawing Rights certif. acct. * 1,250 ... + 50 Coin 284 + 3 27 Loans 1,553 +1,000 + 579 Acceptances--Bought outright -- _- - 49 Held under repurchase agreements Federal Agency obligations—Bought outright 7,867 31.1 Held under repurchase agreeaents 1/ U.S. Government securities: Bought outright—Bills 33,983 -2,699 129 Certificates Notes 52,055 --. +3,323 Bonds 1100,,666677 — +2,533 Total bought outright 2/ 9966,,770055 -2,699 +5,985 Held under repurchase agreements V Total U.S. Government securities 96,705 -2,699 +5,985 Total loans and securities 106,125 -1,727 +7,326 Cash items in process of collection (2,286) 13,400 + 530 +2,870 Bank premises 388 -- + 17 Other assets V 2,050 75 - 432 TOTAL ASSETS (2,286) 135,203 -1,281 +9,881 L I A B I L I T I ES Federal Reserve notes 95,133 + 113 +9,165 Deposits: Member bank-reserves account 24,379 - 768 -3,048 U.S. Trea8ury--general account 3,631 -1,358 +2,403 Foreign 248 33 96 Other 4/ 675 + 81 + 18 Total deposits 28,933 -2,078 - 723 Deferred availability cash items (2,286) 6,843 + 118 + 318 Other liabilities and accrued dividends 1,910 + 426 + 958 TOTAL LIABILITIES (2,286) 132,819 -1,421 +9,718 C A P I T AL A C C O U N TS Capital paid in 1,054 + 2 + 54 Surplus 1,029 -„ + 46 Other capital accounts 301 + 138 + 63 * 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 international accounts, of which $-0- million was outstanding at the end of the latest statement week. 2/ Net of $7,958 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $91 million securities loaned-fully secured by U.S. Government securities. 3^/ Includes assets denominated in foreign currencies. 4/ Includes $13 million of certain deposits of foreign-owned banking institutions voluntarily held with member banks and redeposited in full with Federal Reserve Banks. MATURITY DISTRIBUTION: OF LOANS AMD SECURITIES. June 14, 1978 (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 Federal Agency Loans Accept securities obligatIons ances Holdings Weekly Holdings Weekly Ichanges changes Within 15 days 1,500 2,195 40 -- - 98 16 days to 90 days 53 14,863 -2,584 262 + 113 91 days to 1 year 29,323 75 1,437 + 93 Over 1 year to 5 years 29,686 .- 3,795 - 22 Over 5 years to 10 years 11,760 — 1,526 -111 Over 10 years 8,878 -- 847 -- Total 1,553 96,705 -2,699 7,867 - 28 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 June 14, 1978 New Phila- Cleve- Rich St. Minne- Kansas San Iqtal Boston York delphia land | mond Atlanta Chicago Louis apolis City Dallas Francisco (In millions of dollars) A S S E TS Gold certificate account 11,706 660 3,341 598 921 974 518 1,763 466 231 425 509 1,300 Special Drawing Rights certif. acct. 1,250 62 313 74 107 113 64 198 53 25 44 48 149 Coin :.S4 16 25 12 38 24 25 21 20 10 46 12 35 Loans 1,553 92 394 90 97 163 54 241 83 99 55 127 58 Acceptances: Bought outright. -- -- -- -- -- -- -- -- -- — -- -- •-- Held under repurchase agreements -- -- -- -- -- -- -- -- — -- -- -- •-federal Agency obligations— Bought outright 7,367 366 1,914 394 655 644 356 1,255 321 189 322 408 1,043 Held under repurchase agreements J7 -- -- -- -- -- -- -- -- -- -- -- -- -•- U.S. Government securities: Bought outright— Bills 33,983 1,581 8,267 1,702 2,828 2,783 1,537 5,420 1,387 816 1,392 1,764 4,506 Certificates -- ... -- -- -- -- -- -- -- -- -- -- -- Notes 52,055 2,423 12,663 2,607 4,332 4,262 2,355 8,302 2,126 1,249 2,133 2,702 6,901 Bends 10,667 496 2,595 5.34 888 873 483 1,701 436 256 437 555544 1,414 4/ Total bought outright 2/ 96,705 4,500 23,525 4,843 8,048 7,918 4,375 15,423 3,949 2,321 3,962 55,,002200 12,821 Held under repurchase agreements _1/ -- -- -- -- -- „_ -- -- -- -- -- -- -- Total U.S. Government securities " 96,705 4,500 23,5~25 4,843 8,048 7,918 4,375 15,423 3,949 2,321 3,962 5,020 12,821 otal loans and securities 106,125 "4,958 25,833 5,327 8,800 8,725 4,785 16,919 4,353 2,609 4,339 5,555 13,922 Cash items in process of collection 15,686 425 1,816 387 787 2,243 1,717 2,263 690 783 1,249 1,032 2,294 Bank premises 388 j 106 10 55 23 80 16 16 13 29 19 12 9 Other assets 3/ 9 n*n 90 469 95 132 164 114 290 68 117 79 102 330 Interdistrict settlement account -0- + 66 + 702 + 125 - 409 - 131 - 292 - 552 - 29 + 16 + 135 - 392 + 761 TOTAL 137,489 6,383 32,509 6,673 10,399 12,192 6,947 20,918 5,634 3,820 6,336 6,878 18,800 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/ Met of $7,958 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $91 million securities loaned—fully secured by U.S, Government securities. .3/ Includes assets denominated in foreign currencies. 4/ Includes securities loaned to other Reserve Banks. 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 JUNE 14, 1978 New Phila Cleve Rich St. Minne Kansas San Total Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas Francisco (In millions o f dollars) L I A B I L I T I ES Federal Reserve notes 95,133 4,950 24,276 4,994 8,056 8,578 3,533 15,787 4,070 1,924 3,781 4,269 10,915 Deposits: Member bank reserves 24,379 804 5,375 781 1,254 1,121 1,802 3,208 764 696 1,276 1,566 5,732 U.S. Treasury--general account 3,631 195 500 487 273 264 275 417 201 148 163 228 480 Foreign 248 9 1/ 44 12 23 15 21 42 8 8 11 16 39 Other 2/ 675 * 554 5 1 13 61 10 3 2 3 9 14 Total deposits 28,933 1,008 6,473 1,285 1,551 1,413 2,159 3,677 976 854 1,4*3 1,819 6,265 Deferred availability cash items 9,129 292 837 230 485 1,953 1,021 877 462 526 955 591 900 Other liabilities and accured dividends 1,910 56 304 63 104 114 64 213 49 446 46 65 386 TOTAL LIABILITIES 135,105 6,306 31,890 6,572 10,196 12,058 6,777 20,554 5,557 3,750 6,235 6,744 18,466 CCAAPPIITTAALL AACCCCOOUUNNTTSS CCaappiittaall ppaaiidd iinn 1,054 32 276 44 90 55 79 160 33 32 46 60 147 SSuurrpplluuss 1,029 32 267 44 87 55 78 157 32 31 43 58 145 OOtthheerr ccaappiittaall aaccccoouunnttss 301 13 76 13 26 24 13 47 12 7 12 16 42 TTOOTTAALL LLIIAABBIILLIITTIIEESS AANNDD CCAAPPIITTAALL AACCCCOOUUNNTTSS 137,489 6,383 32,509 6,673 10,399 12,192 6,947 20,918 5,634 3,820 6,336 6,878 18,800 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 105,262 5,653 25,871 5,528 8,539 9,174 4,532 17,178 4,472 2,282 4,432 5,208 12,393 ~~ Collateral for F.R. notes: Gold certificate account 11,706 660 3,341 598 921 974 518 1,763 466 231 425 509 1,300 Special Drawing Rights certif. aacccctt.. 1,250 62 313 74 107 113 64 198 53 25 44 48 149 U E . l S i . g i G b o l v e e r p n a m p e e n r t securities 90 1 , ,3 9 7 3 5 1 - 3 4 / , 86 65 6 21,9 3 0 1 5 2 4,76 89 7 7,41 9 5 6 i3;/ 7 , 1 9 6 2 3 4 3,8 5 9 2 8 14,9 2 7 3 8 9 3,88 7 2 1 1,96 5 7 9 3,91 4 5 8 4,5 1 2 23 8 10,88 5 6 8 Total collateral 105,262 5,653 25,871 5,528 8,539 9,174 4,532 17,178 4,472 2,282 4,432 5,208 12,393 Afrer cieriiir.ring $/04 million participations ot other Federal Reserve Banks. 2/ Includes $13 million of certain deposits of foreign-owned banking institutions voluntarily held with member banks and redeposited in full with Federal Reserve Banks. 3/ Includes securities borrowed from other Reserve Banks. * Less than $500,000. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis