H.4.1 Factors Affecting Reserve Balances of Depository Institutions

-^,:- FEDERAL RESERVE Factors Affecting Bank Reserves and '.'f^'i RfVV Condition Statement of F.R. Banks H.4.1 For immediate release October 12, 1978 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Oct. 11, Oct. 4, Oct. 12, Oct. 11, and related Items 1978* 1978 1977 1978* Reserve Bank credit: (In millions of dollars) U.S. Government securities-- Bought outright--System account 1/ 113,511 + 524 +17,628 . 2/ 113,660 Held under repurchase agreements 789 -1,267 + 355 3,178 Federal Agency obligations— Bought outright 7,941 5 4- 612 7,941 Held under repurchase agreements 278 - 465 + 233 1,228 Acceptances — Bought outright -- -- 4 .... Held under repurchase agreements 161 - 442 + 106 611 Loans — Total member bank borrowing 1,239 - 46 + 188 675 Includes seasonal borrowing of: 209 4 4- 96 189 Other borrowing Float 5,372 + 598 4- 1,628 6,872 Other F.R. assets 2,529 4- 89 4- 219 2,680 Total Reserve Bank credit 131,819 -1,015 4-20,964 136,845 Gold Stock 11,668 — 4- 73 11,667 Special Drawing Rights certif. acct. 1,300 -- 4- 100 1,300 Treasury currency outstanding 11,703 4- 7 4- 436 11,708 156,490 -1,008 4-21,572 161,520 Currency in circulation ** 108,883 + 925 4- 9,836 109,521 Treasury cash holdings ** 320 4- 17 112 320 Treasury deposits with F.R. Banks 14,507 - 631 4- 8,987 15,084 Foreign deposits with F.R. Banks 347 4- 53 4- 80 I 300 Other deposits with F.R. Banks 559 81 312 ! 533 Other F.R. liabilities and capital 3,900 - 324 4- 591 4,119 128,516 - 40 4-19,070 129,877 Member bank reserves: With Federal Reserve Banks 27,974 - 967 4-2,503 31,643 Currency and coin 10,062 4- 149 4- 861 10,062 Total reserves held 3/ 38,108 - 816 4- 3,310 41,777 Required reserves 37,669 -1,082 + 3,040 1 37,669 Excess reserves 3/ 439 4- 266 4- 270 4,108 NOTE: A net of $99 million of surplus reserves were eligible to be carried forward from the week ended October 4, into the week ending October 11. On October 11, 1978, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $86,497 million, an increase of $1,018 million for the week. 1/ Net of $1,647 million, daily average, matched sale-purchase transactions out standing during the latest statement week, of which $1,647 million was with foreign official and international accounts. Includes securities loaned— fully secured by U.S. Government securities. 2/ Net of $1,512 million matches sale-purchase transactions outstanding at the end of the latest statement week, of which $1,512 million was with foreign official and international accounts. Includes $198 million securities loaned — fully secured by U.S. Government securities. 1/ Adjusted to include $72 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. Estimated (Chicago and Dallas Districts). Estimated (Treasury's figures). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.Ha* CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change si nco OctoLer 11, | October 4, October 12. A S S E TS 1978** 1978 1.977 • AjLvi cor Lii. Lcate ciCcouut Special Drawing Rights certif. acct. * 1,300 100 Coin 287 + 5 12 Loans 675 12 Acceptances—Bought outright - 831 4 Held under repurchase agreements 611 462 Federal Agency obligations—Bought outright 7,941 + 395 612 Held under repurchase agreements JL/ 1,228 1,168 U.S. Government securities: +1,149 Bought outright—Bills 48,184 + 8,804 Certificates +1,382 Notes 53,859 + 4,003 Bonds 11,617 + 3,116 Total bought outright^/ 113,660 +1,382 + 1.5,923 Held under repurchase agreements 1/ 3,178 +2,996 + 2,695 Total U.S. Government securities 116,838 +4,378 +18,618 Total loans and securities 127,293 +5,091 +20,844 Cash items in process of collection (2,330) 14,394 + 924 + 2,411 Bank premises 400 + 7 + 21 Other assets \j 2,280 + 107 + 435 TOTAL ASSETS (2,330) 157,621 +6,133 +23,871 L I A B I L I T I ES Federal Reserve notes 98,420 + 968 + 9 ,372 Deposits: Member bank-reserves account 31,643 +1 ,338 + 3 ,262 U.S. Treasury-general account 15,084 +2 ,922 + 10 ,454 Foreign 300 + 28 + 53 Other 533 - 12 - 177 Total deposits 47,560 +4 ,276 +13 ,592 Deferred availability cash items (2,330) 7,522 + 674 + 92 Other liabilities and accrued dividends 1,713 + 43 + 653 TOTAL LIABILITIES (2,330) 155,215 +5,961 +23,709 C A P I T AL A C C O U N TS Capital paid in 1,062 + 1 + 46 Surplus 1,029 -- + 46 Other capital accounts 315 + 171 + 70 Figures in parentheses are the eliminations made in the consolidating process. Estimated (Chicago and Dallas Districts) . 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 $1,512 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $198 million securities loaned-fully secured by U.S. Government securities. 3/ Includes assets denominated in foreign currencies. MATURITY DISTRIBUTION: OF LOANS AND SECURITIES. October 11, 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 obi if"it1? crs ances Holdings Weekly Holdings Weekly changes changes Within 15 days 466 611 8,061 +4,147 1 ,301 + 1,14 16 days to 90 days 181 24,452 + 575 350 91 days to 1 year 28 29,609 - 343 1,472 + A3 Over 1 year to 5 years 31,256 1 3,577 42 Over 5 years to 10 years 1.3,632 1,609 Over 10 yeais 9,828 860 Total 675 6L1 116,838 +4, 9,1.69 hi, 149 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 OCTOBER 11, 1978 New Phila- Cleve- Rich St. vi iine- ¥l&r. \i. 1 San ~ Total Boston York delphia land 1 mond Atlanta * Chicago Louis apolis City iI l^^ias. Francisco (In millions of dollars) A S S E TS Gold certificate account 11,667 660 3,302 598 921 974 518 1,763 466 231 A23 :-.) 1,300 Special Drawing Rights certif. acct. 1,300 67 330 69 112 116 51 215 55 28 48 152 Coin 287 17 21 13 38 22 32 21 22 9 44 17 31 Loans 675 54 13 10 13 18 161 94 62 47 59 135 9 Acceptances: Bought outright -- -- -- — -- -- -- -- -- -- -- -- -- Held under repurchase agreements 611 -- 611 -- -- -- -- — -- -- -- — Federal Agency obligations— Bought outright 7,941 370 1,932 398 661 650 359 1,266 324 191 32J '•- J ?. 1,053 Held under repurchase agreements \_l 1,228 -- 1,228 -- -- -- -- -- -- -- -- -- -- U.S. Government securities: Bought outright— Bills 48,184 2,242 11,721 2,413 4,010 3,946 2,180 7,684 1,968 1,156 1, v 2,502 6,388 Certificates -- -- -- -- -- -- -- -- -- -- -- -- -- Notes 53,859 2,506 13,102 2,698 4,482 4,410 2,436 8,590 2,199 1,293 2,207 2,796 7,140 Bonds 11,617 541 2,826 582 967 951 525 1,853 474 279 476 603 1,540 Total bought outright 2/ 113,660 5,289 27,649 5,693 9,459 9,307 5,141 18,127 4,641 2,728 4,657 5,901 15,068 Held under repurchase agreements 1/ 3,178 -- 3,178 -- -- -- -- -- -- — -- -- -- Total U.S. Government securities 116,838 5,289 30,827 5,693 9,459 9,307 5,141 18,127 4,641 2,728 4,657 5,901 15,068 Total loans and securities 127,293 5,713 34,611 6,101 10,133 9,975 5,661 19,487 5,027 2,966 5,041 6,448 16,130 Cash items in process of collection 16,724 486 2,575 494 1,123 2,855 1,971 1,907 982 1,001 1,643 921 766 Bank premises 400 106 10 55 28 83 20 16 13 29 19 12 9 Other assets V 2,280 95 519 121 157 159 127 396 75 50 75 156 350 Interdistrict settlement account -0- + 260 + 18 - 621 - 806 - 932 - 465 + 310 + 104 - 318 + 172 + 389 +1,889 TOTAL 159,951 7,404 41,386 6,830 11,706 13,252 7,915 24,115 6,744 3,996 7,467 8,509 20,627 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 $1,512 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $198 million securities loaned--fully ~ secured by U.S. Government securities. 3/ Includes assets denominated in foreign currencies. * Estimated (Chicago and Dallas Districts), Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 11, 1978 H.4.1(c) Phila St. Minne Kansas San Total Boston New York delphia Cleveland Richmond Atlanta Chicago* Louis apolis City Dallas* Francisco (In millions of dollars) L I A B I L I T I ES Federal Reserve notes 98,420 5,112 25,302 4,968 8,271 8,802 3,472 16,358 4,283 1,817 4,122 4,683 11,230 Deposits: Member bank reserves 31,643 849 9,408 706 1,507 1,362 2,018 4,676 888 766 1,397 1,854 6,212 U.S. Treasury—general account 15,084 960 4,059 629 1,096 681 1,110 1,505 914 658 657 1,156 1,659 Foreign 300 1 8 1/ 96 12 23 15 21 42 8 8 12 16 39 Other 533 1 397 24 2 23 56 6 2 1 1 10 10 Total deposits 47,560 1,818 13,960 1,371 2,628 2,081 3,205 6,229 1,812 1,433 2,067 3,036 7,920 Deferred availability cash items 9,852 316 1,023 315 481 2,114 991 933 512 637 1,118 570 842 Other liabilities and accrued dividends 1,713 69 481 74 122 122 75 234 60 38 60 85 293 TOTAL LIABILITIES 157,545 7,315 40,766 6,728 11,502 13,119 7,743 23,754 6,667 3,925 7,367 8,374 20,285 CAPITAL ACCOUNTS Capital paid in 1,062 33 275 44 92 56 80 161 33 32 45 61 150 Surplus 1,029 32 267 44 87 55 78 157 32 31 43 58 145 Other capital accounts J 315 24 78 14 25 22 14 43 12 8 12 16 47 TOTAL LIABILITIES AND 1 CAPITAL ACCOUNTS 159,951 7,404 41,386 6,830 11,706 13,252 7,915 24,115 6,744 3,996 7,467 8,509 20,627 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 110,049 5,776 27,397 5,986 8,745 9,454 4,654 17,767 4,748 2,361 4,702 5,594 12,865 Collateral for F.R. notes: Gold certificate account 11,667 660 3,302 598 921 974 518 1,763 466 231 425 509 1,300 Special Drawing Rights certif. acct. 1,300 67 330 69 112 116 51 215 55 28 48 57 152 Eligible paper 577 29 13 10 13 14 139 83 62 37 47 121 9 U.S. Government securities 96,505 5,020 23,752 5,309 7,699 8,350 3,946 15,706 4,165 2,065 4,182 4,907 11,404 Total collateral 110,049 5,776 27,397 5,986 8,745 9,454 4,654 17,767 4,748 2.361 4,702 5,594 12,865 1/ After deducting $204 million participations of other Federal Reserve Banks. * Estimated (Chicago and Dallas Districts). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis