H.4.1 Factors Affecting Reserve Balances of Depository Institutions

.•;o££2&*v FEDERAL RESERVE Factors Affecting Bank Reserves and 'ffuHs^' Condition Statement of F.R. Banks H.4.1 For immediate release February 8, 1979 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Feb. 7, Jan. 31, Feb. 8, Feb. 7, and related items 1979 1979 1978 1979 Reserve Bank credit: (In millions of dollars) U.S. Government securities-- 1/ Bought outright--System account 104,877 +2,248 +5,257 pi04,322 Held under repurchase agreements 671 + 671 + 147 701 Federal Agency obligations-- Bought outright 7,487 - 345 - 495 7,487 Held under repurchase agreements 91 + 91 + 4 146 Acceptances-- Bought outright Held under repurchase agreements 170 170 35 434 Loans— Total member bank borrowing 818 - 609 + 325 512 Includes seasonal borrowing of: 101 - 13 + 52 99 Other borrowing — — -- — Float 6,017 -3, 454 + 508 7,777 Other F.R. assets 5,579 + 280 +2,717 5,739 Total Reserve Bank credit 125,711 - 946 +8,499 127,118 Gold Stock 11,578 - 25 - 140 11,550 Special Drawing Rights certif. acct. 1,300 -- + 50 1,300 Treasury currency outstanding 11,911 + 23 + 498 11,922 150,500 - 949 +8,907 151,890 Currency in circulation * 110,602 + 50 +9,756 111,113 Treasury cash holdings * 250 - 11 - 140 250 Treasury deposits with F.R. Banks 3,667 + 190 -4,546 2,219 Foreign deposits with F.R. Banks 287 + 31 4 233 Other deposits with F.R. Banks 811 + 22 + 9 687 Other F.R. liabilities and capital 4,153 - 505 + 524 4,093 119,769 - 224 +5,599 118,595 Member bank reserves: With Federal Reserve Banks 30,731 . 725 +3,308 33,295 Currency and coin 10,691 - 334 + 888 10,691 Total reserves held 3/ 41,553 -1, 055 +4,249 44,117 Required reserves 41,218 -1, 060 +4,284 41,218 Excess reserves 3/ 335 + 5 - 35 2,899 NOTE: A net of $82 million of surplus reserves were eligible to be carried forward from the week ended January 31, into the week ending February 7. On February 7, 1979, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $95,165 million, a decrease of $597 million for the week. 1/ Net of $1,630 million, daily average, matched sale-purchase transaction sout standing during the latest statement week, of which $1,630 million was with foreign official and international accounts. Includes securities loaned— fully secured by U.S. Government securities. 2/ Net of $2,042 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which $2,042 million was with foreign official and international accounts. Includes $123 million securities loaned--fully secured by U.S. Government securities. 3/ Adjusted to include $131 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 Feb. 7, Jan. 31, Feb. 8, A S S E TS 1979 1979 1978 Gold certificate account 11,550 - 42 - 168 Special Drawing Rights certif. acct. * 1,300 -- + 50 Coin 324 + 8r - 16 Loans 512 -3,852 + 186 Acceptances—Bought outright Held under repurchase agreements 434 + 434 + 434 Federal Agency obligations—Bought outright 7,487 20 - 495 Held under repurchase agreements 1/ 146 + 146 + 146 U.S. Government securities: Bought outright—Bills 37,002 +3,043 196 Certificates Notes 54,855 -- + 3,890 Bonds 12,465 — + 3,516 Total bought outright 2/ 104,322 +3 ,043 4- 7,602 Held under repurchase agreements 1/ 701 + 701 + 701 Total U.S. Government securities 105,023 +3 ,744 + 8,303 Total loans and securities 113,602 + 452 + 8,574 Cash items in process of collection (1,997) 13,930 + 478 + 172 Bank premises 394 - 1 + 14 Other assets ^J _ 5,345 + 64 + 2,393 TOTAL ASSETS (1,997) 146,445 + J5J9 +11,019 L I A B I t l l l li Federal Reserve notes 99,765 + 411 + 9,070 Deposits: Member bank-reserves account 33,295 +2 ,717 + 5,593 U.S. Treasury-general account 2,219 -1, 303 - 4,568 Foreign 233 - 106 38 Other 687 - 187 155 Total deposits 36,434 +1 ,121 + 832 Deferred availability cash items (1,997) 6,153 - 72 + 665 Other liabilities and accrued dividends 4/f 1,730 + 45 + 312 TOTAL LIABILITIES (1,997) 144,082 +1 ,505 +10,879 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 200 - 546 + 45 * 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 $2,042 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $123 milliqn securities loaned— fully secured by U.S. Government securities. x _3/ Includes assets denominated in foreign currencies. Beginning December 29, 1978, such assets are revalued monthly at market exchange rates. 4/ Includes exchange-translation account reflecting, beginning December 29, 1978, the monthly revaluation of foreign-exchange commitments.. MATURITY DISTRIBUTION: OF LOANS AND SECURITIES. FEBRUARY 7 1Q7Q f (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 477 434 4,146 + 185 146 +130 16 days to 90 days 35 17,799 +3,430 537 + 30 91 days to 1 year 26,109 + 129 1,154 - 34 Over 1 year to 5 years 31,577 — 3,475 -- Over 5 years to 10 years 14,717 -- 1,511 -- Over 10 years 10,675 — 881100 — Total 512 433* 105,023 +3,744 77,,663333 +126 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 FEBRUARY 7, 1979 New Phila Cleve Rich St. Minne Kansas San Total Boston York delphia land mond Atlanta Chicago Louis apolis Citv Dallas Francisco (In millions of dollars) A £ S. ETS Gold certificate account 11,550 960 2,884 598 921 974 519 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 324 22 P 18 40 29 40 18 23 12 42 17 38 Loans 512 74 38 50 28 35 34 95 29 22 37 39 31 Acceptances: Bought outright Held under repurchase agreements 434 434 Federal Agency obligations— Bought outright 7,487 348 1,821 375 623 613 339 1,194 306 180 307 389 992 Held under repurchase agreements 1/ 146 146 U.S. Government securities: Bought outright— Bills 37,002 1,722 9,001 1,854 3,080 3,029 1,674 5,901 1,511 888 1,516 1,921 4,905 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 TToottaall bboouugghhtt oouuttrriigghhtt 22// 104,322 4,855 25,377 5,225 8,682 8,542 4,719 16,638 4,260 2,503 4,275 5,416 ^13,830 HHeelldd uunnddeerr rreeppuurrcchhaassee aaggrreeeemmeennttss 11// 701 701 TToottaall UU SS GGoovveerrnnmmeenntt sseeccuurriittiieess 105,023 4,855 26,078 5,225 8,682 8,542 - 4,719 16,638 4,260 2,503 4,275 5,416 13,830 Total loans and securities 113,602 5,277 28,517 5,650 9,333 9,190 5,092 17,927 4,595 2,705 4,619 5,844 14,853 Cash items in process of collection 15,927 384 2,263 495 803 2,215 2,553 1,832 651 658 1,323 1,086 1,664 Bank premises 394 106 10 55 23 80 22 16 13 28 19 12 10 Other assets 5,345 196 1,239 243 395 348 399 965 172 139 199 282 768 Interdistrict settlement account -0- - 524 +2,281 - 608 + 206 - 368 -1,590 - 235 + 56 - 435 + 300 + 348 4- 569 TOTAL 148,442 6^88 37,549 6,520 11,833 12,584 7,086 22,501 6,031 3,366 6,975 8,155 19,354 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 $2,042 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $123 million securities 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. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON FEBRUARY 7, 1979 H.4.1(c) Phila St. Mi• nne 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 99,765 5,068 25,762 5,017 8,406 8,924 3,215 16,838 4,473 1,795 4,237 4,827 11,203 Deposits:> Member bank reserves 33,295 890 8,735 940 2,531 1,530 2,218 4,089 903 797 1,531 2,349 6,782 U.S. Treasury—general account 2,219 128 303 170 137 276 227 211 122 129 148 171 197 Foreign 233 6 83 8 17 11 15 31 6 6 9 12 29 Other 687 600 * 15 45 4 1 2 2 8 10 Total deposits 36,434 1,024 9,721 1,118 2,685 1,832 2,505 4,335 1,032 934 1,690 2,540 7,018 Deferred availability cash items 8,150 251 910 211 422 1,576 1,103 722 387 523 887 576 582 Other liabilities and accrued dividends 1/ 1,730 68 554 75 122 126 87 253 62 38 59 77 209 TOTAL LIABILITIES 146,079 6,411 36,947 6,421 11,635 12,458 6,910 22,148 5,954 3,290 6,873 8,020 19,012 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 200 11 42 10 14 11 14 26 10 7 10 9 36 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 148,442 6,488 37,549 6,520 11,833 12,584 7,086 fc 22,501 6,031 3,366 6,975 8,155 19,354 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 113,384 5,995 28,655 6,160 9,065 9,784 4,696 17,980 4,960 2,316 4,892 5 ,724 13,157 Collateral for F.R. notes: Gold certificate account 11,550 960 2,884 598 921 974 519 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 . li S g . i b G l ov e e r p n a m p e e n r t securities 100,0 4 6 6 9 5 -- 22 44 // ,,99 66 00 88 00 -- 22 22 // 55,,44 33 00 88 33 -- 22 77 // 55 ,,44 55 44 00 33 8,0 2 0 8 4 -- 22 77 // 88 ,,66 22 66 88 66 4,09 34 2 15,9 8 2 2 0 -- 22 '' // 44 ,,44 22 11 33 66 2,03 21 6 -- 22 '' // 44 ,,33 33 88 11 88 5 ,1 3 2 3 5 11,67 2 6 9 Total collateral 113,384 5,995 28,655 6,160 9,065 9,784 4,696 17,980 4,960 2,316 4,892 5 ,724 13,157 1/ Includes exchange translation account reflecting the monthly 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