H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and .**£«*?: Condition Statement of F.R. Banks K.4.1 For immediate release December 21, 1978 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Dec. 20, Dec. 13, Dec. 21. Dec. 20, and related items 1978 1978 1977 1978 Reserve Bank credit: (In millions of dollars) U.S. Government, securities — Bought. outright-~SystciT: account 109,798 +2,226 +10,294 P 107,104 Held under repurchase agreements + 79 924 Federal Agency obligations-- Bought outright 7,89C 2 + 591 7,896 Held under repurchase agreements 46 4 32 100 Acceptances- Bought, outright Held under repurchase agreements 31 264 Loans- Total member bank bcrrcvTing 56 7 + 40 502 Includes seasonal borrowing of: 131 + 78 132 Other borrowing Float 7,428 + 363 + 1..882 10,393 Other F.R. assets 3^904 +1,350 + 1.05C _ 4,342 Total Reserve Bank credit 129,749 +3,990 130,237 Gold Stock 1.1,611 28 11,611 SpeciaJ Drawing Rights certif. acct. 1,300 + 10C 1,300 Treasury currency outstanding 11,822 + 463 11,822 154,482 +3 ,962 +13 ,634 154,970 Currency in circulation 113,315 + 469 +] 0, 325 114,051 Treasury cash holdings 275 - 13 - 125 275 Treasury deposits with F.R. Banks 3,748 + 1 ,628 - 1 .555 4,500 Foreign deposits with F.R. Banks 292 + 26 -'r 12 275 Other deposits with F.R. Banks 66G - 65 + 46 582 0ther F.R. 1i ab i M ties and capi t al 4,367 +• 298 + 695 4,499 122,662 +2 , 342 + 9 ,397 124,182 Member bank reserves: With Federal Reserve Banks 31,820 +1 ,619 + k ,236 30,788 Currency and coin 10,025 - 808 + 1 .102 10,025 Toual reserves held 3/ 41,918 + 811 + 5 ,348 40,886 Required reserves 41,808 + 667 + 5 383 41,808 Excess reserves 3/ 1.10 + 144 - 35 922 NOTE: A net. of $153 million of surplus reserves were eligible to be carried forward from the week ended December 13, into the week ending December 2C. On December 20, 1978, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign ofnicial and international accounts were $93,973 million, an increase of $500 n-illion for the week. 1/ Met of $1,829 million, daily average, matched sale-purchase transactions out standing during the latest statement week, of which $1,293 million was with foreign official and international accounts. Includes securities loaned — fully secured by U.S. Government securities. 2/ Net of $4,324 million matched sale-purchase transactions, outstanding at the end of the latest statement week of which $1,397 million was with foreign official and international accounts. Includes S136 million securities loaned--fully secured by U.S. Government securities. 3/ Adjusted to include $73 million waivers of penalties foi 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 Dec. 20, Dec . 13, Dec. 21, A S S E TS 1978 1978 1977 Gold certificate account 11,611 - 24 - 107 Special Drawing Rights certif. acct. 1,300 _. + 100 Coin 277 -- - 13 Loans 502 + 29 - 536 Acceptances--Bought outright Held under repurchase agreements -- -- - 469 Federal Agency obligations—Bought outright 7,896 -- + 591 Held under repurchase agreements \J -- __ - 246 U.S. Government securities: Bought outright—Bills 39,784 -3,454 447 Certificates Notes 54,855 -- + 4,346 Bonds 1122>>446655 + 3,617 Total bought outright 2/ 110077,,110044 -3,454 + 7,516 Held under repurchase agreements 1/ -- -- - 2,389 Total U.S. Government securities 107,104 -3,454 + 5,127 Total loans and securities 115,502 -3,425 + 4,467 Cash items in process of collection (1,958) 17,975 +3,933 + 3,301 Bank premises 397 1 + 13 Other assets 3/ 3,945 +1,842 + 2,005 TOTAL ASSETS (1,958) 151,007 +2,325 + 9,766 Federal Reserve notes 102,781 + 579 + 9,814 Deposits: Member bank-reserves account 30,788 -2,168 + 2,636 U.S. Treasury-general account 4,500 +2,631 - 3,701 Foreign 275 + 71 10 Other 558822 __ •- ++__ 51 Total deposits 3366,,114455 + 534 1,024 Deferred availability cash items (1,958) 7,582 + 998 + 137 Other liabilities and accrued dividends 1,905 + 51 + 673 TOTAL LIABILITIES (1,958) 148,413 +2,162 + 9,600 C A P I T AL A C C O U N T S* Capital paid in 1,076 „ + 49 Surplus 1,029 -- + 46 Other capital accounts 489 + 163 + 71 *• 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. 2_/ Net of $4,324 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $136 million securities loanedfully secured by U.S. Government securities. 3/ Includes assets denominated in foreign currencies. MATURITY DISTRIBUTION: OF LOANS AND SECURITIES, DECEMBER 20, 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 ^cept- securities obligations anc es Holdings Weekly Holdings Weekly changes changes Within 15 days 479 5,647 +1 197 83 +83 16 days to 90 days 23 15,058 -4 596 482 -84 91 days to 1 year 29,399 - 55 1,286 -- Over 1 year to 5 years 31,608 -- 3,723 _- Over 5 years to 10 years 14,717 -- 1,461 — Over 10 years 10,675 -- 861 + 1 Total 502 107,104 -3,454 7,896 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 DECEMBER 20, 1978. New Fhila- Cleve Rich St. Minne Kansas San Total ton York delDh^a land mond Atlanta ChjLcafto apolis Citv Dallas (In millions of A S_ S, E T S. Gold certificate account 1, 611 760 3,146 598 921 974 518 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 277 16 21 16 34 23 32 14 23 12 38 17 31 Loans 502 40 53 48 16 37 68 61 32 10 58 49 30 Acceptances: Bought outright Held under repurchase agreements Federal Agency obligations-- Bought outright 7,896 367 1,921 395 657 647 357 1,259 322 190 324 410 1,047 Held under repurchase agreements .1/ U.S. Government securities: Bought outright-- Bills 39,784 1,851 9,678 1,993 3,312 3,257 1,800 6,344 1,625 955 1,630 2,065 5,274 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 outright 2/ 107,104 4,984 26,054 5,364 8,914 8,770 4,845 17,081 4,374 2,570 4,389 5,560 ^14,199 Held under repurchase agreements \J Total U.S. Government securities 107,104 4,984 26,054 5,364 8,914 8,770 17,081 4,374 2,570 4,389 5,560 14,199 Total loans and securities 115,502 5,391 28,028 5,807 9,587 9,454 5,270 18,401 4,728 2,770 4,771 6,019 15,276 Cash items in process of collection 19,933 695 2,986 591 1,087 2,543 2,387 2,858 959 844 1,524 1,172 2,287 Bank premises 397 106 10 55 23 84 21 16 13 29 19 12 9 Other assets 3/ 3,945 154 957 194 291 251 365 532 129 123 152 195 602 Interdistrict settlement account -0- - 656 +3,203 541 - 688 4- 200 - 774 7 670 + 108 33 +1,027 TOTAL 152,965 6,533 38,681 6,789 11,367 13,645 7,870 22,630 6,366 3,367 7,085 7,948 20,684 . \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. 2/ Net of $4,324 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $136 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

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON DECEMBER 20 , 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) - I A B I. ]_ 1 X I E S. Federal Reserve notes 102,781 5,266 26,108 5,206 8,541 9,308 3,751 17,112 4,524 1,848 4,298 4,921 11,898 Deposits: 30,788 574 8,860 962 1,674 1 ,320 2,030 3,621 972 711 1,351 1,85 J 6,862 Member bank reserves U.S. Treasury--general account 4,500 222 1,060 156 321 697 391 374 194 121 230 30? 42 7 Foreign 227755 66 11// 112233 99 1177 1111 1155 3311 6 6 9 1?. 28 Other 558822 11 447799 ** 11 1155 5533 66 2 3 2 7 13 Total deposits ""'' 336677114455 ~~ 880033 "" 1100 ,,""552244 ~~ ""ll,, 112277 22TT001133 "" """" 22,,004433"""" ""22,,448899 44,,003322"""" 1,174 841 1,592 2,17 -: 7,330 Deferred availability cash items 9,540 304 994 264 460 1,986 1,362 840 418 561 1,022 62 ' 708 Other liabilities and accrued d i vidends 11^^ 990055 7766 338833 8822 113333 115599 8888 225511 116655 4400 6644 80 384 TOTAL l.TABILITIES 115500,,""33 77""ll~~ """" 66,,~~44__4499 3388,,000099 ""'' 66,,667799"" "" 1111,,^^77 """"""1133,,449966 77,,669900 2222,,22 33~~55~~"" 66,,228811 33,,229900 66,,997766 "" 7,799 20,320 CAPITAL ACCOUNTS n Capital paid in ! ,0 76 280 44 92 56 81 162 3 3 34 46 6 3 152 Surplus 1,029 32 267 44 87 55 78 157 32 31 43 51* 145 Other capital accounts 489 .__.. .UL_ _ _12 5_ 22 j4l _ 38 21___ 7_6__ 20 ___A1.._ 20 26 67 _ TOTAL I T A^T I 'TIES AND CAPITAL ACCOUNTS 15 2,965 6,53 1 38,681 6,769 11,367 13,645 -» 8 7(] 22,6 30 6,366 3 . 367 7,085 7 , :>4H 2 0,684 FEDERAL RESERVE AGENTS' ACCOUNTS V.R. notes out st and i ng 28,276 6,169 9,079 1.974 4,824 17,758 4,899 2.115 ,7 92 5,71 1 13,253 Collateral lor F.R. notes: •. ;<•> 1 d cer t i f i c at e ,K Count 59S 921 9 74 518 1 ,763 466 231 425 509 1,300 Special Drawing Rights certii. 69 112 116 5 1 215 55 28 *8 57 152 i. ! i gible paper 47 16 / 32 51 56 23 -48 41 30 I'.1;. Government securities 5,475 8,029 '8i85_2 _4L204 15,724 4,355 2,048 271 5,105 11,771 Tot ,ii col lateral 6,189 9,078 9,974 4.824" 17,758 4,899 2,315 4,792 13,253 :ions of other Federal Reserve Banks - Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis