H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE i,'-. * • 1*. • Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release January 4, 1979 Averages of daily figures Member fcank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Jan. 3, Dec. 27, I Jain. 4, Jan. 3, and related items 1979* 1978 1978 1979* Reserve Bank credit: (In millions of dollars) U.S. Government securities- Bought outright—System account -1109,032 +1,657 + 8,128 P/106,755 Held under repurchase agreements 1,274 + 814 - 1,366 141 Federal Agency obligations— Bought outright 7,895 1 109 7,892 Held under repurchase agreements 330 + 14 - 171 9 Acceptances- Bought outright Held under repurchase agreements 574 + 464 327 303 Loans— Total member bank borrowing 1,182 - 231 + 676 1 617 Includes seasonal borrowing of: 122 9 + 91 108 Other borrowing Float 8,420 - 922 + 4,135 11,987 Other F.R. assets 4,491 + 18 + 2,050 4,545 total Reserve, Bank credit 133,199 +1,814 +13,015. 132,253 Gold Stock 11,671 + 43 47 11,671 Special Drawing Rights certif. acct. 1,300 — + 50 1 1,300 Treasury currency outstanding 11,846 + 2 + 495 11,847 158,016 +1,859 +13,515 157,071 CurrenQy in-circulation ** 114,695 + 318 +10,818 114,780 Treasuty cash holdings ** 275 + 30 - 117 275 Treasury deposits with F.R. Banks 3,882 -1,070 - 3,005 3,578 Foreign deposits with F.R. Banks 334 + 14 32 270 Other deposits with F.R. Banks 1,207 + 587 + 55 772 Other F.R. liabilities and capital 4,477 71 + 1,071 4,287 124,871 - 190 + 8,791 | 123,962 Member bank reserves: With Federal Reserve Banks 33,146 +2,050 + 4,724 33,109 Currency and coin 10,529 + 253 + 1,108 10,529 Total reserves held 3/ 43,744 +2,300 + 5,842 43,707 Required reserves 42,617 +1,221 + 5,002 42,617 Excess reserves 3/ 1,127 +1,079 + 840 1,090 NOTE: A net of $3 million of surplus reserves were eligible to be carried forward from the week ended December 27, 1978, into the week ending January 3, 1979. On January 3, 1979, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $96,405 million, an increase of $1,260 million for the week. U Net of $2,073 million, daily average, matched sale-purchase transactions out standing during the latest statement week, of which $1,778 million was with foreign official and international accounts. Includes securities loaned— fully secured by U.S. Government securities. 2/ Net of $4,246 million matched sale-purchase transactions outstanding at the end of the latest statement week,of which $2,175 million was with foreign official and international accounts. Includes $182 million securities loaned--fully secured by U.S. Government securities. 3/ Adjusted to include $69 mLllion waivers of penalties for reserve deficiencies in accordance with Board policy effective November Vj, 1975. * Er.timated (Richmond, Atlanta, and San Francisco Districts). ** Estimated (Treasury's figures). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.lCa> CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since Jan. 3, Dec. 27, Jan. 4, A S S E TS 1979** 1978 1978 j Gold certificate account 11,671 -- 48 Special Drawing Rights certif. acct. * 1,300 -- + 50 Coin 265 6 11 Loans 617 -2,494 - 479 Acceptances--Bought outright Held under repurchase agreements 303 - 141 - 321 Federal Agency obligations—Bought outright 7,892 4 - 112 Held under repurchase agreements U 9 -1,260 - 217 U.S. Government securities: Bought outright—Bills 39,435 -2,828 - 2.050 Certificates Notes 54,855 •• + 4,346 Bonds 12.465 — +3.617 Total bought outright 2/ 106,755 -2,828 + 5,913 Held under repurchase agreements JL/ 141 -1,915 - 869 Total U.S. Government securities 106,896 -4,743 + 5,044 Total loans and securities 115,717 -8,642 + 3,915 Cash items in process of collection (1,976) 21,098 +5,278 + 7,992 Bank premises 394 4 + 17 Other assets J1/ 4,155 - 68 + 2.144 TOTAL ASSETS (1,976) 154,600 -3,442 +14,059 i 11 L I A B I L I T I ES Federal Reserve notes 103,473 - 419 +10,240 Deposits: Member bank-reserves account 33,109 -4,145 + 5,225 U.S. Treasury—general account 3,578 + 38 - 3,212 foreign 270 - 15 - 106 Other 772 + 159 + 3? Total deposits 37,729 -3,963 + 1,942 Deferred availability cash items (1,976) 9,111 +1,357 + 896 Other liabilities and accrued dividends */ 2,064 + 118 + 896 TOTAL LIABILITIES (1,976) 152,377 -2,907 +13,974 C A P I T AL A C C O U N TS Capital paid In 1,079 + 1 + 49 Surplus 1,078 + 49 + 49 Other capital accounts 66 - 585 13 * Figures in parentheses are the eliminations made in the consolidating process. Estimated (Richmond, Atlanta and San Francisco 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 $4,246 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $182 million securities loaned-fully secured by U.S. Government securities. V Includes assets denominated in foreign currencies. Beginning December 29, 1978, such assets are revalued as of each month end. 4/ Includes exchange-translation account reflecting, beginning December 29, 1978, the month-end revaluation of foreign exchange commitments. MATURITY DISTRIBUTION: OF LOittiS AND SECURITIES. JANUARY 3, 1979 (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 585 303 3,323 -3,592 9 -1,344 16 days to 90 days 32 18,033 - 146 507 + 25 91 days to 1 year 28,358 -1,187 1,388 + 102 Over 1 year to 5 years 31,790 + 182 3,676 - 47 Over 5 years to 10 years 14,717 -- 1,511 + 50 Over 10 years 10,675 — 881100 50 Total 617 303 106,896 -4,743 77,,990011 -1,264 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 JANUARY 3, 1979 — 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 TS Gold certificate account 11,671 760 3,206 598 921 974 518 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 265 17 19 15 32 23 30 12 21 11 38 16 31 Loans 617 47 90 68 29 21 118 85 34 8 26 82 9 Acceptances: Bought outrigh". -- -- -- -- -- -- -- -- -- -- _. -- -- Held under repurchase agreements 303 -- 303 -- -- -- -- -- — -- -- -- -- Federal Agency obligations— Bought outright 7,892 36 7 1,920 395 657 646 357 1,259 322 190 32? 410 1,046 Held under repurchase agreements J7 9 -- 9 -- -- -- -- -- -- -- -- -- -- U.S. Government securities: Bought outright— Bills 39,435 1,835 9,594 1,975 3,282 3,229 1,784 6,289 1,610 947 1,615 2,047 5,228 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 6 24 1,037 1,021 564 1,988 509 299 511 647 1,653 Total bought outright ZJ 106,755 4,968 25,970 5,346 8,884 8,742 4,829 17,026 4,359 2,562 4,374 5,542 -114,153 Held under repurchase agreements 1/ 141 -- 141 -- -- -- -- -- -- -- -- -- -- Total U.S. Government securities 1062.896 4,968 _26 J jU__ 5,346 8,884 8,742 4,829 17,026 4,359 2,562 4,374 5,542 14,153 Total loans and securities 115,717 5,382 28,433 5,809 9,570 9,409 5,304 18,370 4,715 2,760 4,723 6,034 15,208 Cash items in process of collection 23,074 706 4,014 898 1,475 2,607 2,221 2,766 1,053 1,100 L,874 1,484 2,876 Bank premises 394 106 10 55 23 80 21 16 13 29 19 12 10 Other assets 3/ 4,155 153 809 264 317 272 311 721 129 125 161 203 690 Interdistrict settlement account -0- + 499 +2,433 - 922 - 378 - 244 -1,399 - 654 + 155 - 424 _+ 17 _ - 172 +1,089 TOTAL 156,576 7,690 39,254 6,786 12,072 13,237 7,057 23,209 6,607 3,860 7,305 8,143 21,356 1/ Does not include U.S. Government and Federal Agency securities resold under matched sale-purchase transactions to foreign official and interna; ional accounts, of which $-0- million was outstanding at the end of the latest statement week. 2/ Net of $4,246 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $182 million securities loaned--fully secured by U.S. Government securities. 3/ Includes assets denominated in foreign currencies, revalued as of each month end. 4/ Includes securities loaned to other Reserve Banks. * Estimated (Richmond, Atlanta and San Francisco Districts.) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JANUARY 3, 1979 11.4.1(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 notas 103,473 5,292 26,537 5,174 8,568 9,201 3,733 17,138 4,542 1,852 4,316 4,940 12,180 Deposits: Member bank reserves 33,109 1,637 9,173 829 2,301 1,497 1,887 4,180 1,077 989 1,327 1,994 6,218 U.S. Treasury—general account 3,578 319 392 180 354 360 246 408 286 190 300 312 231 Foreign 270 6 119 9 17 11 15 31 6 6 9 12 29 Other 772 673 1 15 50 3 3 3 2 6 16 Total deposits 37,729 1,962 10,357 1,018 2,673 1,883 2,198 4,622 1,372 1,188 1,638 22,,332244 6,494 Deferred availability cash items 11,087 293 1,099 423 514 1,874 861 861 556 711 1,191 666666 2,038 Other liabilities and accrued dividends 1/ 2,064 74 682 77 127 162 100 252 67 39 65 8822 337 TOTAL LIABILITIES 154,353 7,621 38,675 6,692 11,882 13,120 6,892 22,873 6,537 3,790 7,21C 88,,001122 21,049 CAPITAL ACCOUNTS Capital paid in 1,079 33 280 44 92 57 81 163 34 34 46 6633 152 Surplus 1,078 33 280 44 92 57 81 163 33 34 46 6633 152 Other capital accounts 66 3 19 6 6 3 3 10 3 2 3 55 3 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 156,576 7,690 39,254 6,786 12,072 13,237 7,057 23,209 6,607 3,860 7,305 8,143 21,356 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 112,878 6 ,064 28,281 6,160 9,065 9,906 4,786 17,708 4,888 2,336 4,772 5,677 13,235 Collateral for F.R. notes: Gold certificate account 11,671 760 3,206 598 921 974 518 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 U E . l S i . g ib G l o e ve r p n a m p e e n r t securities 99,3 5 7 3 1 6 22// 5 ,1 4 9 6 1 24,65 9 5 0 - 9 ' / 5 ,4 6 3 2 1 8,00 2 3 9 -- 22// '' 88,,88 11 00 55 11 4,12 9 5 2 15,65 7 6 4 4,33 2 8 9 2,069 8 4,28 1 0 9 5,0 6 47 4 11,775 8 Total collateral 112,878 6 064 28,281 6,160 9,065 9,906 4,786 17,708 4,888 2,336 4,772 5,677 13,235 1/ Includes exchange translation .in - v. '.. i-,:.r'.: *-ur TV<- f r^r ~ l,-:r" oxch.nr.cv' comji tyrant s . 2/ Includes securities borrowed from other Keserve Banks. Estimated (Richmond, ALlanLa and San Fiaiicisco Districts). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis