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 talea&e November 30, 1978 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Nov. 29, Nov. 22, Nov. 30, Nov. 29, and related items 1978 1978 1977 1978 Reserve Bank credit: (In millions of dollars) U.S. Government securities-- Bought outright--System account U 111,336 +1,647 +15,954 2/ 112,110 Held under repurchase agreements 506 - 361 + 63 2,000 Federal Agency obligations-- Bought outright 7,918 14 + 589 7,899 Held under repurchase agreements 142 - 269 + 101 625 Acceptances— Bought outright Held under repurchase agreements 141 - 314 80 370 Loans— Total member bank borrowing 791 + 187 - 288 1,260 Includes seasonal borrowing of: 180 - 3 + 105 168 Other borrowing Float 7,649 . 642 + 2,764 6,122 Other F.R. assets 2,265 + 75 + 28 2,405 Total Reserve Bank credit 130,748 + 309 +19,291 132,791 Gold Stock 11,642 -- + 47 11,642 Special Drawing Rights certif. acct. 1,300 -- + 100 1,300 Treasury currency outstanding 11,803 + 16 + 479 11,804 155,493 + 325 +19,917 157,537 Currency in circulation * 111,882 + 640 +10,349 112,291 Treasury cash holdings * 305 + 26 - 102 310 Treasury deposits with F.R. Banks 6,468 + 25 + 4,356 7,236 Foreign deposits with F.R. Banks 298 + 12 15 275 Other deposits with F.R. Banks 556 + 27 157 479 Other F.R. liabilities and capital 4,475 + 191 + 754 4,584 123,984 + 923 +15,185 125,175 Member bank reserves: With Federal Reserve Banks 31,510 _ 597 + 4,731 32,363 Currency and coin 9,855 + 677 + 761 9,855 Total reserves held 3/ 41,439 + 77 + 5,501 42,292 Required reserves 41,352 + 45 + 5,852 41,352 Excess reserves 3/ 87 + 32 351 940 NOTE: A net of $40 million of surplus reserves were eligible to be carried forward from the week ended November 22, into the week ending November 29. On November 29, 1978, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $91,855 million, a decrease of $1,079 million for the week. 1/ Net of $1,796 million, daily average, matched sale-purchase transactions out standing during the latest statement week, of which $1,374 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. Government securities. 2/ Net of $1,483 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which $1,483 million was with foreign official and international accounts. Includes $133 million securities loaned--fully secured by U.S. Government securities. 3/ Adjusted to include $74 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1.975. 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 Nov. 29, Nov . 22, Nov. 30, A S S E TS 1978 1978 1977 Gold certificate account 11,642 — + 47 Special Drawing Rights certif. acct # * 1,300 -- + 100 Coin 274 - 15 - 15 Loans 1,260 + 329 + 334 Acceptances--Bought outright Held under repurchase agreements 370 - 13 + 122 Federal Agency obligations--Bought outright 7,899 - 33 + 570 Held under repurchase agreements 1/ 625 + 465 + 494 U.S. Government securities: Bought outright--Bills 44,790 +1,232 + 8,709 Certificates Notes 54,855 -- + 5,239 Bonds 12,465 — + 3,724 Total bought outright 2/ 112,110 +1,232 +17,672 Held under repurchase agreements \J 2,000 +1,675 39 Total U.S. Government securities 114,110 +2,907 +17,633 Total loans and securities 124,264 +3,655 +19,153 Cash items in process of collection (2,153) 12,709 -1,872 + 1,586 Bank premises 396 1 + 13 Other assets 3/ 2,009 + 208 + 273 TOTAL ASSETS (2,153) 152,594 +1*975 +21,157 L I A B I L I T I ES Federal Reserve notes 101,070 + 486 + 9,841 Deposits: Member bank-reserves account 32,363 + 968 + 6,018 U.S. Treasury—general account 7,236 +1,083 + 4,674 Foreign 275 10 - 141 Other 479 - 86 - 240 Total deposits 40,353 +1,955 +10,311 Deferred availability cash items (2,153) 6,587 - 771 + 96 Other liabilities and accrued dividends 1,784 + 137 + 654 TOTAL LIABILITIES (2,153) 149,794 +1,807 +20,902 C A P I T AL A C C O U N TS Capital paid in 1,073 -.«. + 48 Surplus 1,029 — + 46 Other capital accounts 698 + 168 + 161 * Figures in parentheses are the eliminations made in the consolidating process. \J 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. 2J Net of $1,483 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $133 million securities loaned— fully secured by U.S. Government securities. J3/ Includes assets denominated in foreign currencies. MATURITY DISTRIBUTION: OF LOANS AND SECURITIES. NOVEMBER 29, 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 change s Within 15 days 1,222 370 7,352 +1 ,966 761 +445 16 days to 90 days 38 19,775 + 915 437 +207 91 days to 1 year 29,758 + 26 1,292 -211 Over 1 year to 5 years 31,833 — 3,686 + 23 Over 5 years to 10 years 14,717 -- 1,488 - 32 Over 10 years 10,675 -- 860 — Total 1,260 370 114,110 +2,907 8,524 +432 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 NOVEMBER 29, 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/£ ETS Gold certificate account 11,642 760 3,177 598 92i 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 274 17 21 14 33 22 31 12 21 10 42 16 35 Loans 1,260 157 251 49 132 137 75 116 49 33 113 128 20 Acceptances: Bought outright Held under repurchase agreements 370 370 Federal Agency obligations— Bought outright 7,899 368 1,921 396 657 647 357 1,260 322 190 324 410 1,047 Held under repurchase agreements!/ 625 625 U.S. Government securities: Bought outright— Bills 44,790 2,084 10,896 2,244 3,728 3,667 2,026 7,143 1,829 1,075 1,835 2,325 5,938 Certificates Notes 54,855 2,553 13,344 2,747 4,565 4,492 2,481 8,749 2,240 1,316 2,248 2,848 7,272 Bonds 12,465 580 3,032 624 1,037 1,021 564 1,988 509 299 511 647 1,653 Total bought outrigfrt 27 112,110 5,217 27,272 5,615 9,330 9,180 5,071 17,880 4,578 2,690 4,594 5,820 14,863 Held under repurchase agreements 1/ 2,000 2,000 Total U.S. Government securities 114,110 5,217 29,272 5,615 9,330 9,180 5,071 17,880 4,578 2,690 4,594 5,820 14,863 Total loans and securities 124,264 5,742 32,439 6,060 10,119 9,964 5,503 19,256 4,949 2,913 5,031 6,358 15,930 Cash items in process of collection 14,862 434 2,020 453 749 2,165 1,729 1,915 674 733 1,218 955 1,817 Bank premises 396 106 10 55 23 83 21 16 13 29 19 12 9 Other assets 3/ 2,009 90 471 103 129 160 151 286 69 48 75 123 304 Interdistrict settlement account -0- 76 -1,480 + 30 - 357 - 228 - 272 + 243 + 357 187 + 311 + 149 +1,510 TOTAL 154,747 7,140 36,988 7,382 11,729 13,256 7,732 23,706 6,604 3,805 7,169 8,179 21,057 J7 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 $1,483 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $133 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 NOVEMBER 29, 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 ' 101,070 5,243 25,836 5,128 8,393 9,157 3,694 16,799 4,391 1,833 4,183 4,778 11,635 Deposits: Member bank reserves 32,363 1,211 7,070 1,393 1,964 1,504 2,143 4,356 1,077 794 1,401 2,100 7,350 U.S. Treasury—general account 7,236 234 1,404 389 575 458 480 1,060 560 416 455 458 747 Foreign 275 8 1/ 71 12 23 15 21 42 8 8 12 16 39 Other 479 1 358 1 1 16 64 6 2 1 2 10 17 Total deposits 40,353 1,454 8,903 1,795 2,563 1,993 2,708 5,464 1,647 1,219 1,870 2,584 8,153 Deferred availability cash items 8,740 276 1,025 262 406 1,788 1,047 768 407 633 926 572 630 Other liabilities and accrued dividends 1,784 70 499 77 130 153 95 246 66 41 73 85 249 TOTAL LIABILITIES 151,947 7,043 36,263 7,262 11,492 13,091 7,544 23,277 6,511 3,726 7,052 8,019 20,667 CAPITAL ACCOUNTS Capital paid in 1,073 33 280 44 92 56 80 162 33 32 46 63 152 Surplus 1,029 32 267 44 87 55 78 157 32 31 43 58 145 Other capital accounts 698 32 178 32 58 54 30 110 28 16 28 39 93 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 154,747 7,140 36,988 7,382 11,729 13,256 7,732 23,706 6,604 3,805 7,169 8,179 21,057 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 112,423 6,152 28,167 6,221 8,929 9,813 4,804 17,822 4,828 2,343 4,7^4 5,613 12,947 Collateral for F.R. notes: Gold certificate account 11,642 760 3,177 598 921 974 518 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 1,170 157 251 48 131 132 59 109 39 27 89 108 20 U.S. Government securities 98,311 5,168 24,409 5,506 7,765 8,591 4,176 15,735 4,268 2,057 4,222 4,939 11,475 Total collateral 112,423 6,152 28,167 6,221 8,929 9,813 4,804 17,822 4,828 2,343 4,784 5,613 12,947 1/ After deducting $204 million part icipations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis