H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and '•.f^«5^ Condition Statement of F.R. Banks H.4.1 For immediate release October 26, 1978 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Oct. 25, Oct. 18, Oct. 26, Oct. 25, and related items 1978 1978 1977 1978 Reserve Bank credit: (In millions of dollars) U.S. Government securities-- Bought outright—System account 1/ 114,737 4- 889 +16,875 2/ 114,489 Held under repurchase agreements 1,128 4- 769 4- 943 3,046 Federal Agency obligations-- Bought outright 7,938 - 3 4- 609 7,938 Held under repurchase agreements 450 4- 37 4- 421 1,185 Acceptances— Bought outright _- «_ 3 __ Held under repurchase agreements 282 4- 112 4- 251 724 Loans— Total member bank borrowing 1,314 4- 65 130 1,796 Includes seasonal borrowing of: 236 + 16 4- 120 237 Other borrowing Float 5,575 -2, 095 4- 2,095 4,879 Other F.R. assets 2,707 4- 36 + 291 2,738 Total Reserve Bank credit 134,130 - 190 4-21,351 136,795 Gold Stock 11,655 - 1 4- 60 11,655 Special Drawing Rights certif. acct. 1,300 -- 4- 100 1,300 Treasury currency outstanding 11,738 4- 9 4- 454 11,749 158,823 - 183 4-21,965 161,499 Currency in circulation * 108,898 - 361 4-10,042 109,047 Treasury cash holdings * 310 - 7 116 310 Treasury deposits with F.R. Banks 15,377 4- 246 4- 9,392 11,748 Foreign deposits with F.R. Banks 275 - 8 12 257 Other deposits with F.R. Banks 619 4- 34 37 624 Other F.R. liabilities and capital 4,416 4- 208 4- 793 4,653 129,894 4- 111 4-20,061 126,639 Member bank reserves: With Federal Reserve Banks 28,929 _ 294 4- 1,903 34,860 Currency and coin 9,099 - 410 4- 693 ! 9,099 Total reserves held 3/ 38,100 - 704 4- 2,598 I 44,031 Required reserves 37,752 -1 ,154 4- 2,452 37,752 Excess reserves 3/ 348 + 450 4- 146 6,279 NOTE: A net of $73 million of deficit reserves were eligible to be carried forward from the week ended October 18, into the week ending October 25. On October 25, 1978, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $88,046 million, an increase of $567 million for the week. 1/ Net of $1,242 million, daily average, matched sale-purchase transactions out standing during the latest statement week, of which $1,242 million was with foreign official and international accounts. Includes securities loaned— fully secured by U.S. Government securities. 2/ Net of $1,490 million matched sale-purchase transactions outstanding at the end of the latest statement week,of which $1,490 million was with foreign official and international accounts. Includes $330 million securities loaned—fully secured by U.S. Government securities. 3/ Adjusted to include $72 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 October 25, October 18, October 26, A S S E TS 1978 1978 1977 Gold certificate account 11,655 — + 60 Special Drawing Rights certif. acct. * 1,300 -- + 100 Coin 294 + 3 - 11 Loans 1,796 + 136 + 661133 Acceptances—Bought outright 11 Held under repurchase agreements 724 + 724 + 550033 Federal Agency obligations—Bought outright 7,938 - 3 + 609 Held under repurchase agreements 1/ 1,185 +1 ,185 + 985 U.S. Government securities: Bought outright--Bills 48,206 +1,967 + 8,495 Certificates Notes 54,526 + 4,670 Bonds 11,757 + 3,256 Total bought outright If 114,489 +1,967 +16,421 Held under repurchase agreements J7 3,046 +3,046 + 1,752 Total U.S. Government securities 117,535 +5,013 +18,173 Total loans and securities 129,178 +7,055 +20,882 Cash items in process of collection (2,037) 10,997 -4,078 + 1,431 Bank premises 395 -- + 14 Other assets \J 2,343 + 102 + 175 TOTAL ASSETS (2,037) 156,162 +3,082 +22,651 L I A B I L I T I ES Federal Reserve notes 97,902 - 323 + 9,327 Deposits: Member bank-reserves account 34,860 +7,850 + 6,837 U.S. Treasury-general account 11,748 -3,600 + 5,373 Foreign 257 + 5 87 Other 624 + 70 84 Total deposits 47,489 +4,325 +12,039 Deferred availability cash items (2,037) 6,118 -1,320 + 269 Other liabilities and accrued dividends 1,916 + 231 + 766 TOTAL LIABILITIES (2,037) 153,425 +2,913 +22,401 C A P I T AL A C C O U N TS Capital paid in 1,067 + 3 + 46 Surplus 1,029 — + 46 Other capital accounts 641 + 166 + 158 * 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 $1,490 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $330 million securities loaned— fully secured by U.S. Government securities. 3/ Includes assets denominated in foreign currencies. MATURITY DISTRIBUTION: OF LOANS AND SECURITIES, October 25, 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 changes changes Within 15 days 1,745 724 6,446 +2,994 1,223 +1,112 16 days to 90 days 51 24,328 +1,505 369 + 57 91 days to 1 year 31,311 + 515 1,488 + 16 Over 1 year to 5 years 31,763 1 3,663 + 86 Over 5 years to 10 years 13,719 -- 1,520 89 Over 10 years 9,968 -- 860 -- Total 1,796 724 117,535 +5,013 9,123 +1,182 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H,4.1(b) STATEMENT OF GONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 25, 1978 ,: New Phila- Cleve- Rich St. Minne- Kansas San Total Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas Francisco (In millions of dollars) A S S E li Gold certificate account 11,655 660 3,290 598- 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 Coin 294 17 21 15 37 24 33 18 22 10 43 17 37 Loans 1,796 58 445 55 96 240 189 215 78 52 96 116 156 Acceptances: Bought outright — -- -- -- -- -- -- — ~- -- -- ~- -- Held under repurchase agreements 724 — 724 — -~ -- -- -- -- -- -- -- Federal Agency obligations*-* Bought outright 7,938 369 1,931 398 661 650 359 1,266 324 191 325 412 1,052 Held under repurchase agreements J7 1,185 -- 1,185 -- -- -- -- -- -- -- -- -- -- U.S. Government securities: Bought outright— Bills ! 48,206 2,244 11,727 2,414 4,012 3,947 2,181 7,68 8 1,968 1,157 1,975 2,503 6,390 Certificates ! -- -- ... -- -- -- -- -- -- -- -- --• Notes 54,526 2,537 13,264 2,731 4,538 4,465 2,466 8,696 2,227 1,308 2,234 2,831 7,229 Bonds 1 11,757 547 2,860 589 978 963 532 1,875 480 282 482 610 1,559 Total bought outright £/ 114,489 5,328 27,851 5,734 9,528 9,375 5,179 18,259 4,675 2,747 4,691 5 3 944 15,178 Held under repurchase agreements JL/ 3,046 -- 3,046 -- -- -- -- -- -- -- — — Total U.S. Government securities 117,535 5,328 30.897 5,734 9,528 9,375 5,179 18,259 4,6•7--5 2,747 4,691 5", 944 15,178 Total loans and securities 129,178 5,755 35,182 6,187 10,285 10,265 5,727 19,740 5,077 2,990 5,112 6,472 16,386 Cash items in process of collection 13,034 407 1,420 346 655 2,024 1,502 1,694 590 776 1,312 914 1,394 Bank premises 395 106 10 55 23 83 20 16 13 29 19 12 9 Other assets V 2,343 117 542 115 191 176 155 310 106 62 85 135 349 Interdistrict settlement account -0- + 108 - 557 - 157 - Ill - Ill - 797 4 + 581 + 27 + 17 + 829 + 175 TOTAL 158,199 7,237 40,238 7,228 12,113 13,551 7,209 23,752 6,910 4,153 7,061 8,945 19,802 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 $1,490 million matched -sale-purchase transactions outstanding at the end of the latest statement week. Includes $330 million securities loaned—fully "" secured by U.S. Government securities. 3/ Includes assets denominated in foreign currencies. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 25, 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 97,902 5,052 25,362 4,928 8,305 8,727 3,246 16,439 4,255 1,812 4,047 4,636 11,093 Deposits: Member bank reserves 34,860 j 1,150 8,242 1,269 2,483 1,926 2,247 5,266 1,060 798 1,513 2,365 6,541 U.S. Treasury—general account - 11,748 590 4,015 592 600 822 464 601 98<? 725 391 1,107 855 Foreign 257 8 1/ 52 12 23 15 21 42 9 8 12 16 39 Other 624 1 479 27 19 60 13 2 1 8 14 Total deposits 47,489 1,749 12,788 1,900 3,106 2,782 2,792 5,922 2,055 1,533 1,917 3,496 7,449 Deferred availability cash items 8,155 269 855 202 340 1,753 871 726 440 692 921 571 515 Other liabilities and accrued dividends 1,916 71 527 80 130 130 114 246 70 38 63 88 359 TOTAL LIABILITIES 155,462 7,141 39,532 7,110 11,881 13,392 7,023 23,333 6,820 4,075 6,948 8,791 19,416 CAPITAL ACCOUNTS Capital paid in 1,067 33 279 44 92 56 80 161 33 32 45 62 150 Surplus 1,029 32 267 44 87 55 78 157 32 31 43 58 145 Other capital accounts 641 31 160 30 53 48 28 101 25 15 25 34 91 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 158,199 7,237 40,238 7,228 12,113 13,551 7,209 23,752 6,910 4,153 7,061 8,945 19,802 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 110,610 5,876 27,573 6,103 8,894 9,502 4,523 17,895 4,726 2,376 4,686 5,559 12,897 Collateral for F.R. notes: Gold certificate account 11,655 660 3,290 598 921 974 518 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 1,623 58 360 55 96 234 172 196 78 42 83 93 156 U.S. Government securities 96,032 5,091 23,593 5,381 7,765 8,178 3,782 15,721 4,127 2,075 4,130 4,900 11,289 Total collateral 110,610 5,876 27,573 6,103 8,894 9,502 4,523 17,895 4,726 2,376 4,686 5,559 12,897 1/ After deducting $205 million participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis