H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and ' * : 1f<AL' RE*fc.4- Condition Statement of F.R. Banks H.4.1 For immediate release January 18, 1979 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Jan. 17, Jan. 10, Jan. 18, Jan. 17, and related items 1979 1979 1978 1979 Reserve Bank credit: (In millions of dollars) U.S. Government securities-- Bought outright--System account -/107,131 +2,394 + 7,026 - 2/ 1 02,373 Held under repurchase agreements -- -- 377 -- Federal Agency obligations-- Bought outright 7,892 -- 112 7,892 Held under repurchase agreements ~ — — 115 -- Acceptances— Bought outright Held under repurchase agreements — — 112 -- Loans-- Total member bank borrowing 897 + 212 + 479 2,047 Includes seasonal borrowing of: 105 + 12 + 78 104 Other borrowing Float 9,374 -1,740 + 3,880 14,126 Other F.R. assets 4,386 - 126 + 1,829 4,678 Total Reserve Bank credit 129,680 + 741 +12,498 131,116 Gold Stock 11,609 51 110 11,608 Special Drawing Rights certif. acct. 1,300 -- + 50 1,300 Treasury currency outstanding 11,864 + 14 + 472 11,870 154,453 + 704 +12,910 155,894 Currency in circulation * 112,596 -1,165 +10,460 112,288 Treasury cash holdings * 250 + 4 147 250 Treasury deposits with F.R. Banks 3,302 + 186 - 1,955 3,061 Foreign deposits with F.R. Banks 277 64 28 316 Other deposits with F.R. Banks 786 + 76 + 27 712 Other F.R. liabilities and capital 4,490 + 73 + 880 4,542 121,701 - 890 + 9,236 121,169 Member bank reserves: With Federal Reserve Banks 32,752 +1,594 + 3,675 34,725 Currency and coin 12,002 +1,552 + 1,324 12,002 Total reserves held 3/ 44,871 +3,146 + 5,037 46,844 Required reserves 44,455 +2,658 + 4,882 44,455 Excess reserves 3/ 416 + 488 + 155 2,389 NOTE: A net of $13 million of deficit reserves were eligible to be carried forward from the week ended January 10, into the week ending January 17. On January 17, 1979, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $96,732 million, a decrease of $67 million for the week. 1/ Net of $1,985 million, daily average, matched sale-purchase transactions out standing during the latest statement week, of which $1,331 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. Government securities. 27 Net of $6,201 million matched sale-purchase transactions outstanding at the end of the latest statement week,of which $1,627 million was with foreign official and international accounts. Includes $69 million securities loaned--fully secured by U.S. Government securities. 3/ Adjusted to include $117 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 Jan. 17, Jan. 10, Jan. 18, A S S E TS 1979 1979 1978 Gold certificate account 11,608 16 111 Special Drawing Rights certif. acct. * 1,300 __ 4- 50 Coin 284 + 19 19 Loans 2,047 +1,288 + 1,494 Acceptances—Bought outright Held under repurchase agreements __ -- 214 Federal Agency obligations—Bought outright 7,892 -- 112 Held under repurchase agreements J7 -- -- 218 U.S. Government securities: Bought outright—Bills 35,053 460 5,205 Certificates Notes 54,855 4- 4,346 Bonds 12,465 """ 4- 3,617 Total bought outright 2/ 102,373 - 460 4- 2,758 Held under repurchase agreements J7 343 Total U.S. Government securities 102,373 - 460 4- 2,415 Total loans and securities 112,312 4- 828 4- 3,365 Cash items in process of collection 22,311 4-6,042 4- 7,838 (2,797) 396 4- 18 Bank premises 4,282 4- 414 4- 2,182 Other assets _3/ 152,493 4-7,287 4-13,323 TOTAL ASSETS (2,797) LIABILITIES Federal Reserve notes 100,952 -1,185 4- 9,740 Deposits: Member bank-reserves account 34,725 4-5,966 4- 4,473 U.S. Treasury—general account 3,061 4- 775 - 3,094 Foreign 316 4- 82 4- 63 Other 712 4- 59 4- 71 Total deposits 38,814 4-6,882 4- 1,513 Deferred availability cash items (2,797) 8,185 4-1,393 4-1,194 Other liabilities and accrued dividends 4/ 1,986 4- 30 4- 714 TOTAL LIABILITIES " (2,797) 149,937 4-7,120 •+13,161 C A P I T AL A C C O U N TS Capital paid in 1,082 4- 3 + 50 Surplus 1,078 -- + 49 Other capital accounts 396 4- 164 + 63 * 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 $6,201 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $69 million securities loaned-fully secured by U.S. Government securities. _3/ 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 LOANS AND SECURITIES, JANUARY 17, 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 2,023 2,311 -1,818 73 +17 16 days to 90 days 24 14,717 +2,112 434 -17 91 days to 1 year 28,162 - 754 1,388 _- Over 1 year to 5 years 31,791 -- 3,676 -- Over 5 years to 10 years 14,717 -- 1,511 -- Over 10 years 10,675 -- 881100 -- Total 2,047 102,373 - 460 77,,889922 -- 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 17, 1979 New Phila Cleve Rich St. Min ne- Kansas San Total Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas Francisco (In millions of dollars) AS SETS Gold certificate account 11,608 960 2,943 598 921 974 518 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 284 19 20 16 37 25 34 15 22 11 40 16 29 Loans 2,047 171 1,007 126 24 28 1.40 70 47 19 38 164 213 Acceptances: Bought outright -- -- -- ~- -~ -- ~- -- -- -- Held under repurchase agreements -- ~- -- ~" -- ~- - - ~~ - - - — Federal Agency obligations-- Bought outright 7,892 367 1,920 395 657 646 357 1,259 322 190 323 410 1,046 Held under repurchase agreements \i -- -" -- -- — -- -- -- - -- -- -- U.S. Government securities: Bought outright-- Bills 35,053 1,631 8,527 1,756 2,918 2,870 1,586 5,590 1,431 841 1,436 1,820 4,647 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./ 102,373 4,764 24,903 5,127 8,520 8,383 4,631 16,327 4,180 2 ,456 4,195 5,315 •- 13,572 Held under repurchase agreements 1/ -- -- -- -- -- -- -- -- -- -- -- -- -- Total U.S. Government securities 102,373 4,764 24,903 5,127 8,520 8,383 4,631 1166,,332277 44,,118800 22 ,,445566 44,,119955 55,,331155 13,572 Total loans and securities 112,312 5,302 27,830 5,648 9,201 9,057 5,128 1177,,665566 ''44,,554499 ""~~22 ,,666655 "" 44,,555566 55,,888899 14,831 Cash items in process of collection j 25,108 847 3,733 849 1,796 2,706 2,853 4,643 1,180 895 1,746 1,421 2,439 Bank premises | 396 106 10 55 24 80 22 16 13 29 19 12 10 Other assets 3' 4.282 158 987 191 295 268 271 781 146 100 153 336 596 Lnterdistrict settlement account -0- - 515 +3,803 - 256 - 561 + 9 -1,797 -1,441 - 109 - 509 + 129 - 245 +1,492 TOTAL 155,290 6,944 39,656 7,170 11,825 13,235 7,080 23,648 6,322 3 ,450 7,116 7,995 20,849 Does not includ-- U.S. Government and Federal Agency securities resold under matched sale-purchase transactions to foreign official and international accounts, o!.' which $-0- million was outstanding at the end of the latest statement week. NVt. o!" $6,201 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $69 million securities loaned--fully secured by I'.S. Government securities. IrdiKk'S asset:- denominated in foreign currencies, revalued as of each month end. rncludcp 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 JANUARY 17, 1979 H.4.1(c) - Phila St. Kansas San Minne 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 100,952 5,168 26,133 5,070 8,481 8,994 3,263 17,014 4,499 1,830 4,226 4,801 11,473 Deposits: Member bank reserves 34,725 1,081 9,790 1,197 2,190 1,577 1,999 4,490 902 736 1,329 2,023 7,411 U.S. Treasury—general account 3,061 179 378 222 188 246 148 381 149 130 297 291 452 Foreign 316 6 166 9 17 11 15 31 6 6 9 12 28 Other 712 616 * 2 20 50 4 1 2 2 4 11 Total deposits 38,814 1,266 10,950 1,428 2,397 1,854 2,212 4,906 1,058 874 1,637 2,330 7,902 Deferred availability cash items 10,982 352 1,261 484 606 2,105 1,242 1,096 619 631 1,082 638 866 Other liabilities and accrued dividends 1/ 1,986 73 657 78 125 135 185 244 63 38 64 80 244 TOTAL LIABILITIES 152,734 6,859 39,001 7,060 11,609 13,088 6,902 23,260 6,239 3,373 7,009 7,849 20,485 CAPITAL ACCOUNTS Capital paid in 1,082 33 280 44 92 58 80 164 34 34 46 63 154 Surplus 1,078 33 280 44 92 57 81 163 33 34 46 63 152 Other capital accounts 396 19 95 22 32 32 17 61 16 9 15 20 58 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 155,290 6,944 39,656 7,170 11,825 13,235 7,080 23,648 6,322 3,450 7,116 7,995 20,849 FEDERAL RESERVE AGENTS' iA CCOUNTS F.R. notes outstanding 113,493 6,066 28,598 6,166 9,114 9,867 4,673 17,979 4,995 2,329 4,754 5,698 13,254 Collateral for F.R. notes: Gold certificate account 11,608 960 2,943 598 921 974 518 1,763 466 231 425 509 1,300 Special Drawing Rights certif. aacccctt.. 1,300 67 330 69 112 116 51 215 55 28 48 57 152 U E . l S ig . i b G l o e ve r p n a m p e e n r t securities 99 1 , ,5 0 6 1 8 7 i 2 ' / 4 1 , 7 8 ° 69 24,6 67 5 1 4 y 5,3 1 7 26 3 8,0 2 5 4 7 ± 2 ' / 8 ,7 2 5 4 3 4,00 97 7 15,9 6 3 3 8 ± 2 ' / 4 ,4 2 4 5 9 2.05 1 1 9 2/ 3° 4,9 1 8 48 4 11,6 1 3 7 1 1 Total collateral 113,493 6,066 28,598 6,166 9,114 9,867 4.673 17,979 4,995 2,329 4,754 5,698 13,254 \J Includes exchange translation account reflecting the month-end revaluation of foreign exchange commitments. 2/ Includes securities borrowed from other Reserve Banks. * Less than $500,000. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis