H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F R Banks S.4,1 For immediate release November 2, 1978 Averages of dally figures Member bank reserve*, Weak ended Change fro s week ended Wednesday Reserve Bank credit, Nov. 1, Oct. 25, 1 Nov . 2. Nov 1, anrf f e|ated Iff 19ya*__ ' 11Z1 1 1977 197§» feeserve lank credit (la millions of ToTnnT U $ Government securities- Bought outright--System account 1/ 114,112 -625 418 ,251 I) 111,868 Meld under repurchase agreements 1,582 4454 4 718 f *,*76 Federal Agency obligations- Bought outright 7,937 - 1 4- 608 7,932 Bald under repurchase agreements 454 4 4 4 589 1,019 Acceptances- __ •_ • 1 »* Bought outright 1 Held under repurchase agreements 257 - 25 4 104 405 Loans— Total member bank borrowing 1,310 - 4 4 197 U796 Includes seasonal borrowing of 234 - 2 4 131 201 Other borrowing . Float 5,04$ -545 66 6,388 Other F R. assets 2.883 4176 4 391 2.831 Total Reserve Bank credit 133,585 -564 420 .592 134,915 Gold Stock 11,655 — 4 60 11,655 Special Drawing Rights certlf, sect. 1,300 — 4 100 1,300 Treasury currency outstanding 11.751 4 13 4 462 U.755 158,291 -551 421 ,214 159,625 Currency In circulation ** 108,908 - 4 4 9 ,902 109,448 Treasury cash holdings +* 307 4 11 • 112 310 Treasury deposits with F R Banks 15,108 •269 4 8 ,932 14,322 Foreign deposits with F R Banks 285 4 10 4 3 244 Other deposits with F*R* Banks 550 - 69 - 76 573 Other F R liabilities and capital 4.579 4163 4 940 4.622 129,736 -158 419,587 129,519 Member bank reserves With Federal Reserve Banks 28,555 -393 4 I ,626 30,106 Currency »n4 coin 9.849 4750 4 866 9.849 Total reserves held }J 38.475 4356 4 2 .494 40,026 Required reserves 38,298 4546 4 2 .582 38,298 Excess reserves 3/ 177 -190 - 88 1,728 NOTE A net of $150 million of surplus reserves were eligible to be carried forward from the week ended October 25, Into the week ending November 1. Do November I, 1978, marketable U,S Government securltlee held In custody by the Federal Reserve Banks for foreign official and International accounts were $91,803 million, en Increase of $3,757 million for the weak. \J Net of $1,363 million, dally average, matchad sale-purchase transactions out- ~ standing during the latest statement week, of which $1,363 million waa with foreign official and international accounts Includes securities loaned— fully secured by U S Government securities, 2/ Net of $2,443 million matched sale-purchase transactions outstanding at the end of the Istest statement week,of which $2,443 million was with foreign official and international accounts, Includes $227 million securities loaned—fully secured by U S Government securities 3/ Adjusted to Include $71 all Hon waivers of penalties for reserve deficiencies In accordance with Board policy effective November 19, 1975* * Estimated (Cleveland and Chlcsgo Districts). ** Estimated (Treasury's figures) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

R.4.!(*l CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In pill ions of dollars) Wednesday j Change si net- Nov* I. 1978O ct; 25, Nov. 2, A s s £ I 2 1978 1977 11.655 60 Gold certificate account 1,300 100 Special Drafting Rights certlf. acct. * 298 2 Coin 1,796 1,092 Loans Acceptances--Bought outright 405 - 319 65 Held under repurchase agreements 7,932 6 603 Federal Agency obligations—Bought outright 1,019 • 166 840 Held under repurchase agreements 1,1 U.S. Government securities: 45,585 -2,621 • 9,605 Bought outright—Bills Certificates 54,526 + 4,670 Notaa JJU2JZ • 3.256 Bonds Total bought outright V 111,868 -2,621 417,531 Held under repurchase agreements 1/ 2.676 - 370 • 1.007 Total U.S. Government securities 114.544 •18.538 Total loans and securities 125,696 -3,482 •21,138 Cash items in proceaa of collection (2,372) 13,507 4-2,510 • 2,103 Bank premises 395 + 14 Other assets 3/ 2,436 + 93 • 332 TOTAL ASSETS (2,372) 155.287 - 875 Federal Reserve notes 98,301 • 399 • 9,324 Deposits: Member bank-reserves account 30,106 -4,754 • 4,046 U.S. Treasury-general account 14,322 •2,574 • 8,632 Foreign 244 - 13 36 Other 573 - 51 10 Total deposits 45,245 -2,244 •12,632 Deferred availability cash items (2,372) 7,119 •1,001 + 394 Other liabilities and accrued dividends 1.730 - 186 • 576 TOTAL LIABILITIES (2,372) 52,395 -1,030 •22,926 £ 6 I 11 £k ACCOUNTS Capital paid in 1,068 + 1 • 47 Surplus 1,029 — • 46 Other capital accounts 795 + 154 • 726 * Figures in parentheses are the eliminations made in the consolidating process. +* Estimated (Cleveland and Chicago Districts)* U Does not Include U.S. Government and Federal Agency securities resold under matched saU-purchase transactions to foreign official and international accounts, of which $1,265 million was outstanding at the end of the latest Statement week. II Net of $2,443 million matched sale-purchase transactions outstanding at the ~ end of the latest statement week. Includes $227 million securities loaned — fully secured by U.S. Government securities. y Includes assets denominated in foreign currencies. MATURITY DISTRIBUTION' pf Lp*N$ AN? SECURITIES. November 1, 1978 (Acceptances and securities held under repurchase agreements are classified as maturing .within 15 days in accordance with, max 1 mum maturity of the agreements' U.S. Government Federal Agency Loan a Accept securities obligations ances Holdings Weekly Holdings Weekly 5>MmfffJL changes Within 15 d4yt l»7Ql 405 8,666 •2,220 1,019 -204 16 d#y# to 90 days 95 20,349 -3,979 369 91 4*y to I year 30,204 -1,107 1,520 • 32 Over i year to 5 years 31,638 • 125 3,663 Over 5 years to 10 years 13.719 1,520 Over 10 years 9.968 860 Total T7RS 155 TTOT ^9?T 6V&3T zm Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

t.4.1(fc) STATEMBTT OP COJIDITIOli OP EACH FEDERAL RESERVE RANK ON NOVEMBER I, 1978 Maw Fhila- Cleve- 1 Rich* St. Minna* Kansas San To^al toeton Torh dalohla land * I nond Atlanta Chicago * Loyja spoils CltY DDaallllaass 1111h ranclsco (la Bllllone of dollars) UmJUOUUkMLmmU __JCAAJ>—-mJmMmmMMJk UUMBS4UUUE a\£ilxi Gold certificate wcaoat 11,655 660 3,289 598 921 974 519 1,763 466 231 425 509 1.300 f facial Dreeing Righta certIf. ecct. 1.300 67 330 69 112 116 51 215 55 28 46 57 152 Cola 298 18 19 15 38 23 33 21 21 9 43 18 40 Loeme 1,796 88 614 182 17 137 115 178 80 43 95 183 64 Accept emcee: •ought outright — — — -- — -- -• — — — -- •• •• laid under repurchase aaxeeaenta 405 — 405 — — -- — — — — — — — Bought outright 7,932 369 1,930 397 660 649 359 1,265 324 190 325 412 1,052 laid under repurchase •gTeaaencs 1/ 1,019 — 1,019 — — — — — — — — — — U.S. Covarnaant eecurltlee: •ought outright-- UUs 45.585 2,122 11,089 2,283 3,794 3,732 2.062 7,270 1,861 1,094 1,868 2,367 6,043 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 loada 11.757 547 2.860 589 978 963 532 1.875 480 282 482 610 1.559 Total bought outright V 111.868 5,206 27,213 5,603 9,310 9,160 5,060 17,841 4,568 2,684 4,584 5,808 14,831 •aid under repurcheoe agraeaaaia 1/ 2.676 — 2.676 -- -. ~ -- — -- — — -- — Total U.S. Covornaoat —car It lea ~ 114.544 5.206 29.889 5.603 9.310 9,160 5.060 17.841 4.568 2.684 4.584 5.808 14.831 Total loans and securities 125.6% 5,663 33,857 6,182 9,987 9,946 5,534 19,284 4,972 2,917 5,004 6,403 15,947 Caah ltaaa in proems* of collection 15,879 506 2,317 488 668 2,401 1,663 2,087 816 838 1,490 974 1,431 lank premises 395 106 10 55 23 83 20 16 13 29 19 12 9 Othar aaaata y 2,436 109 543 113 208 176 187 333 84 60 87 114 422 Intardlatrlct aattlaaaat account -0- • 66 - 790 - 279 - 389 - 294 - 327 - 732 • 523 - 12 • 212 • 292 •1-730 TOTAL 157,659 7,195 39,575 7,241 11.768 13.425 7,680 22,987 6,950 4,100 7,328 8,379 21,031 * Eatlaatad (Cleveland and Chicago Dletrlcts), 1/ Doae not Include U.S. Covarnaant and Federal Agency aacurltlca resold under matched sale-purchaae transactions to foreign official ai d international accounts, " of which $1,265 ailllon vaa outatanding at the end of tha lataat etataaant veek. 2/ Net of 82,443 ailllon mat chad eaie-purcheea traaeactlona outatanding at tha and of the latcat stataaenc veek. Include* $227 ailllon securities loaned—fully ~ aacurad bv U.S. Covarnaant aecurltlea. 3/ Includes aetata danoalnatad in foreign currencies. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT CP CCMDITIOM OP EACH FEDERAL RESERVE BANK ON NOVEMBER, 11 978 8,4,1^) Phila- *•* St. Kinne- Kansas San Total Boston Haw York da lphia Clave land Rlchaond Atlanta Chicago Louis apolla City Dalits Francisco (In ailllona of dollars) k l t l l k l l l ll Federal Reeerva oatas 98.301 5,050 25.366 4,976 8,253 8,821 3,477 16,349 4,268 1.793 4,078 4.732 11.138 Deposits: Meabar bank raservee 30.106 937 6,196 1,169 1,556 1,407 2,026 4,324 886 800 1,321 1,944 7,540 U.S. Traarary-ganaral •eeount 14,322 731 5,225 633 963 721 818 949 1,121 708 755 866 832 Foreign 244 8 1/ 39 12 23 15 21 42 9 8 12 16 39 Othar 573 2 455 1 1 21 55 8 * 3 2 10 15 |otal deposits 45,245 1.678 11,915 1,815 2,543 2,164 2,920 5.323 2,016 1.519 2,090 2,836 8,426 Deferred availability eeab itaoo 9,491 299 1,037 252 577 2,147 1,014 624 510 669 982 573 807 Othar llabiUtlaa and accrual dividends 1.730 69 509 73 150 120 77 246 60 37 59 76 254 TOTAL LIABILITIES 154,767 7,096 38,827 7,116 11,523 13.252 7.488 22.542 6,854 4,018 7,209 8,217 20,625 CAf jTAL ACCOWTS, Capital paid In 1,068 33 279 44 92 56 80 161 33 32 45 62 151 Surplus 1,029 32 267 44 87 55 78 157 32 31 43 58 145 Othar capital accounts 795 34 202 37 66 62 34 127 31 19 31 42 110 TOTAL LIABILITIES AMD CAPITAL ACCOUNTS 157,659 7,195 39,575 7,241 11,768 13,425 7,680 22,987 6,950 4,100 7,328 8,379 21,031 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notss outstanding 110,796 5,946 27,583 6,124 8,813 9,556 4,709 17,839 4,701 2,355 4,694 5,623 12,853 Collateral for F.K, notes: Gold certificate account 11,655 660 3,289 598 921 974 519 1,763 466 231 425 509 1,300 Special Drawing Rights certif. sect. i.300 67 330 69 112 116 51 215 55 28 48 57 152 Eligible paper 1,581 88 518 182 11 131 97 158 70 32 81 156 57 U.S. GoverasMttt securities 96,260 5.131 23.446 5,275 7,769 8,335 4,042 15.703 4,110 2.064 4.140 4.901 11.344 Total collateral 110,796 5.946 27,583 6,124 8,813 9,556 4,709 17,839 4,701 2,355 4.694 5,623 12,853 U After deducting $205 Billion participations of othar Pederal Reserve Banks. * Less thao $500,000. <"» Estimated (Cleveland end Chicago Dtstrlcts). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis