H.4.1 Factors Affecting Reserve Balances of Depository Institutions

OfCOw-. FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release February 1, 1979 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Jan. 31, Jan. 24, 1 Feb. 1, Jan. 31, and related items 1979* 1979 1 1978 1979* Reserve Bank credit: (In millions of dollars) U.S. Government securities-- Bought outright—System account -/102,629 -2,096 +4,762 -401,279 Held under repurchase agreements — -- - 861 1 Federal Agency obligations-- Bought outright 7,832 57 - 169 7,507 Held under repurchase agreements — — - 137 -- Acceptances-- Bought outright -.- __ „„ -_ Held under repurchase agreements -- -- 91 -- Loans-- Total member bank borrowing 1,427 + 503 + 957 4,364 Includes seasonal borrowing of: 114 + 9 + 70 112 Other borrowing Float 9,508 - 351 - 462 7,215 Other F.R. assets 5,302 + 953 +2,520 5,699 Total Reserve Bank credit 126,698 -1,048 +6,520 126,064 Gold Stock 11,603 5 - 116 11,592 Special Drawing Rights certif. acct. 1,300 -- + 50 1,300 Treasury currency outstanding 11,888 + 13 + 482 11,909 151,489 -1,040 +6,935 150,865 Currency in circulation ** 110,558 - 879 +9,860 110,665 Treasury cash holdings ** 251 + 2 - 142 250 Treasury deposits with F.R. Banks 3,477 + 57 -7,389 3,522 Foreign deposits with F.R. Banks 256 13 32 339 Other deposits with F.R. Banks 789 - 69 + 49 874 Other F.R. liabilities and capital 4,660 + 67 + 570 4,613 119,991 - 836 +2,916 120,263 Member bank reserves: With Federal Reserve Banks 31,498 - 205 +4,019 30,603 Currency and coin 11,025 - 144 +1,132 11,025 Total reserves held 3/ 42,650 - 346 +5,200 41,755 Required reserves 42,278 - 713 +4,986 1 42,278 Excess reserves 3/ 372 + 367 + 214 523 NOTE: A net of $17 million of deficit reserves were eligible to be carried forward from the week ended January 24, into the wee,k ending January 31. On January 31, 1979, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $95,762 million, a decrease of $32 million for the week. 1/ Net of $4,313 million, daily average, matched sale-purchase transactions out standing during the latest statement week, of which $1,320 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. Government securities. 2/ Net of $5,585 million matched sale-purchase transactions outstanding at the end of the latest statement week^of which $2,087 million was with foreign official and international accounts. Includes $108 million securities loaned--fully secured by U.S. Government securities. 2./ Adjusted to include $127 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. * Estimated (Atlanta and Chicago Districts). 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 Cha-n5g^e since Jan. 31, Jan. 24, Feb. 1, A S S E TS 1979** 1979 1978 ~~—mr Gold certificate account 11,592 16 Special Drawing Rights certif. acct. 1,300 + 50 Coin 316 + 11 19 Loans 4,364 +3,283 + 3,475 Acceptances--Bought outright Held under repurchase agreements - 414 Federal Agency obligations—Bought ^outright 7,507 - 379 - 475 Held under repurchase agreements - 682 U.S. Government securities: Bought outright--Bills 33,959 -4,445 - 2,323 Certificates Notes 54,855 + 3,890 Bonds 12,465 + 3,516 Total bought outright ZJ 101,279 -4,445 + 5,083 Held under repurchase agreements i' - 5,448 Total U.S. Government securities 101,279 -4,445 - 365 Total loans and securities 113,150 -1,541 + 1,539 Cash items in process of collection (2,333) 12,765 -3,153 + 2,258 Bank premises 395 -- + 15 Other assets _3/ 5,304 +1,305 + 2,736 TOTAL ASSETS (2,333) 144,822 -3,394 + 6,453 L I A B I L I T I ES Federal Reserve notes 99,321 - 509 + 9,102 Deposits: Member bank-reserves account 30,603 -2,085 + 3,887 U.S. Treasury—general account 3,522 + 90 - 6,121 Foreign 339 + 48 + 57 Other 874 + 21 + 82 Total deposits 35 338 -1,926 - 2,095 Deferred availability cash items (2,333) 5 550 - 976 - 946 Other liabilities and accrued dividends 4/ 1 ill? - 160 + 145 TOTAL LIABILITIES (2,333) 141,924 -3,571 + 6,206 C A P I T AL A C C O U N TS Capital paid in 1,085 + 46 Surplus 1,078 + 49 Other capital accounts 735 + 177 + 152 * Figures in parentheses are the eliminations made in the consolidating process. ** Estimated (Atlanta and Chicago Districts). \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 $5,585 million matched sale-purchase transactions outstanding at: the end of the latest statement week. Includes $108 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 monthly. 4/ Includes exchange-translation account reflecting, beginning December 29, 1978, the monthly revaluation of foreign-exchange commitments. MATURITY DISTRIBUTION: OF LOANS AND SECURITIES. JANUARY 31, 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 4,334 3,961 +1,047 16 - 1 16 days to 90 days 30 14,369 -3,956 507 + 13 91 days to 1 year 25,980 -1,322 1,188 -181 Over 1 year to 5 years 31,577 - 214 3,475 -210 Over 5 years to 10 years 14,717 — 1,511 -- Over 10 years 10,675 881100 — Total 4,364 101,279 -4,445 77,,550077 -379 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 31, 1979 New Phila- Cleve- Rich- * * St. Minne- Kansas San Total Boston York delphia land 1 mon_d Atlanta Chicago Louis aoolis Citv Dallas Francisco (In millions of dollars) A S S E TS Gold certificate account 11,592 960 2,927 598 921 974 518 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 316 21 23 18 40 29 39 16 23 12 42 17 36 ^ Loans 4,364 240 2,217 198 97 109 94 762 153 • 5?" 58 224 155 Acceptances: Bought outright -- -~ ~~ -~ ~~ "•*" ~™ -"* -"* • •" . ~** ""•* "™ Held under repurchase agreements -" -~ -~ -~ "•"* *""•• ~ ~ -.—• —** **" "**• ~~ Federal Agency obligations— Bought outright 7,507 349 1,826 376 625 615 340 1,197 306 lo6 308 390 995 Held under repurchase agreements 1/ -- -- -- -~ , -~ -~ ~~ ~" ~"* • ->•• --• • "** ™— U.S. Government securities: ,, Bought outright— Bills 33,959 1,580 8,261 1,701 2,827 2,780 1,536 5,416 1,387 815 1,391 1,763 4,502 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/ 101,279 4,713 24,637 5,072 8,429 8,293 4,581 16,153 4,136 2,430 4,150 5,258 -/13,427 HHeelldd uunnddeerr rreeppuurrcchhaassee aaggrreeeemmeennttss ii// -- -- -- -- -- -- -- "- -• ~~ ~- -- -- TToottaall UU..SS.. GGoovveerrnnmmeenntt sseeccuurriittiieess 101,279 4,713 24,637 5,072 8,429 8,293 4,581 16,153 4,136 2,430 4,150 5,258 13,427 Total loans and securities 113,150 5,302 28,680 5,646 9,151 9,017 5,015 18,112 4,595 2,667 4,516 5,872 14,577 Cash items in process of collection 15,098 379 2,257 519 815 2,274 1,623 1,920 692 705 1,244 1,106 1,564 Bank premises 395 106 10 55 24 80 22 16 13 28 19 12 10 Other assets .3/ 5,304 195 1,217 240 401 351 349 780 172 140 203 290 966 Interdistrict settlement account -0- - 326 +1,307 - 362 - 323 + 196 - 809 - 829 + 45 - 413 + 362 - 60 +1.212 TOTAL 147,155 6,704 36,751 6,783 11,141 13,037 6,808 21,993 6,061 3,398 6,859 7,803 19,817 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 $5,585 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $108 million sci curities loaned--fully secured by U.S. Government securities. _3/ Includes assets denominated in foreign currencies, revalued monthly. 4/ Includes securities loaned to other Reserve Banks. * Estimated (Atlanta and Chicago Districts). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JANUARY 31, 1979 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 99,321 5,055 25,707 4,959 8,362 8,881 3,225 16,759 4,443 1,786 4,199 4,793 11,152 Deposits: Member bank reserves 30,603 919 7,500 1,060 1,756 1,575 2,336 3,526 886 748 1,316 1,959 7,022 U.S. Treasury—general account 3,522 329 456 347 268 274 264 441 173 181 255 205 329 Foreign 339 6 189 8 17 11 15 31 6 6 9 12 29 Other 874 780 1 14 48 7 1 2 2 8 11 Total deposits 35,338 1,254 8,925 1,415 2,042 1,874 2,663 4,005 1,066 937 1,582 2,184 7,391 Deferred availability cash items 7,883 230 872 209 371 1,987 621 548 397 554 900 579 615 Other liabilities and accrued dividends 1/ 1,715 67 495 74 117 123 108 241 59 37 58 85 251 TOTAL LIABILITIES 144,257 6,606 35,999 6,657 10,892 12,865 6,617 21,553 5,965 3,314 6,739 7,641 19,409 CAPITAL ACCOUNTS Capital paid in 1,085 33 280 45 92 58 81 164 34 35 46 63 154 Surplus 1,078 33 280 44 92 57 81 163 33 34 46 63 152 Other capital accounts 735 32 192 37 65 57 29 113 29 15 28 36 102 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 147,155 6,704 36,751 6,783 11,141 13,037 6,808 21,993 6,061 3,398 6,859 7,803 19,817 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 113,618 6,015 28,693 6,164 9,078 9,823 4,776 18,011 4,960 2,323 4,851 5,715 13,209 Collateral for F.R. notes: Gold certificate account 11,592 960 2,927 598 921 974 518 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 ig . i b G l ov e e r p n a m p e e n r t securities 9 2 8 , , 7 0 2 00 6 -- 22 AA // ,, 22 77 11°° 77 88 24 1 , ,0 4 1 1 8 8 -- 22 55 // ,,33 11 00 9977 00 7,94 97 8 -- 22 '' // 88 ,,66 77 55 77 66 4,13 7 5 2 15, 5 5 0 2 9 4 -- 22 '' // 44 ,,33 88 55 22 77 2,0 5 0 7 7 -- 22 44 // ,,33 44 22 99 99 4,9 2 4 06 3 11.6 1 0 5 5 2 Total collateral 113,618 6,015 28,693 6,164 9,078 9,823 4,776 18,011 4,960 2,323 4,851 5,715 13,209 1/ Includes exchange translation account reflecting the monthly revaluation of foreign exchange commitments. 2/ Includes securities borrowed from other Reserve Banks. ** Estimated (Atlanta and Chicago Districts). * Less than $500,000. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis