H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and ••.f^TS^- Condition Statement of F.R. Banks H.4.1 For immediate release March 1, 1979 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Feb. 28, Feb . 21, 1 >lar. 1, Feb. 28, and related items 1979* 1979 1 1978 1 1979* Reserve Bank credit: (In millions of dollars) U.S. Government securities-- Bought outright—System account -1101,098 -1, 286 + 3,379 -1 103,486 Held under repurchase agreements — -- - 336 — Federal Agency obligations-- Bought outright 7,487 .. - 495 7,487 Held under repurchase agreements "• -- 68 -- Acceptances— Bought outright *"— *"~ Held under repurchase agreements :: 82 Loans-- Total member bank borrowing 1,084 + 147 + 693 1,604 Includes seasonal borrowing of: 123 + 2 + 65 124 Other borrowing Float 11,653 - 440 + 7,102 8,218 Other F.R. assets 4,659 + 299 + 2,512 4,540 Total Reserve Bank credit 125,980 -1, 282 +12,704 125,335 Gold Stock 11,544 -- 174 11,544 Special Drawing Rights certif. acct. 1,300 -- + 50 1 1,300 Treasury currency outstanding 11,983 + 14 + 556 11,992 150,807 -1, 268 +13,136 | 150,171 Currency in circulation ** 111,085 . 68 + 9,919 111,357 Treasury cash holdings ** 295 - 17 94 290 Treasury deposits with F.R. Banks 3,660 + 126 - 408 3,443 Foreign deposits with F.R. Banks 269 - 17 81 ! 343 Other deposits with F.R. Banks 840 - 39 22 i 779 Other F.R. liabilities and capital 4,721 + 274 + 844 4,679 120,870 + 258 +10,158 120,891 Member bank reserves: With Federal Reserve Banks 29,937 -1, 526 + 2,976 29,280 Currency and coin 9,743 + 398 + 658 9,743 Total reserves held 3/ 39,814 -1, 130 + 3,682 39,157 Required reserves 39,647 - 889 + 3,635 39,647 Excess reserves 3/ 167 - 241 + 47 - 490 NOTE: A net of $107 million of surplus reserves were eligible to be carried forward from the week ended February 21, into the week ending February 28. On February 28, 1979, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $94,611 million, an increase of $272 million for the week. 1/ Net of $5,911 million, daily average, matched sale-purchase transactions out standing during the latest statement week, of which $1,431 million was with foreign official and international accounts. Includes securities loaned— fully secured by U.S. Government securities. 2/ Net of $3,450 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which $1,949 million was with foreign official and international accounts. Includes $128 million securities loaned--fully secured by U.S. Government securities. 3/ Adjusted to include $134 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. * Estimated (Cleveland and Atlanta Districts). ** Estimated (Treasuryfs 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. 28, Feb. 21, March 1, A S SE T S 1979** , 1978- . _ Aim.— Gold certificate account 11,544 - 174 Special Drawing Rights certif. acct. * 1,300 + 50 Coin 344 + + 6 Loans 1,604 + 586 + 778 Acceptances—Bought outright Held under repurchase agreements - 354 Federal Agency obligations—Bought outright 7,487 - 495 Held under repurchase agreements 1/ -- 419 U.S. Government securities: Bought outright--Bills 35,467 +7,653 -2,080 Certificates Notes 54,662 +4,146 Bonds 13,357 — +3,959 Total bought outright 2/ 103,486 +7,653 +6,025 Held under repurchase agreements 1/ -1,630 Total U.S. Government securities 103,486 +7,653 +4,395 Total loans and securities 112,577 +8,239 Cash items in process of collection (2,168) 14,937 -6,412 Bank premises 395 + 1 4,145 + 29 Other assets 3/ 145^242 +1,861 TOTAL ASSETS (2,168) L I A B I L I T I ES Federal Reserve notes 99,999 - 134 +9 ,277 Deposits: Member bank-reserves account 29,280 +3,656 - 25 U.S. Treasury—general account 3,443 + 258 - 191 Foreign 343 + 28 - 26 Other 779 + 27 - 6 Total deposits 33,845 +3,969 - 248 Deferred availability cash items (2,168) 6,719 -1,897 + 120 Other liabilities and accrued dividends 4/ 1,859 - 227 + 463 TOTAL LIABILITIES (2,168) 142,422 +1,711 +9 ,612 C A P I T AL A C C O U N TS Capital paid in 1,088 _ — + 46 Surplus 1,078 -- •\ 49 Other capital accounts 654 + 150 + 106 * Figures in parentheses are the eliminations made in the consolidating process. ** Estimated (Cleveland and Atlanta 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 $3,450 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $128 million securities loaned-fully secured by U.S. Government securities. 3/ Includes assets denominated in foreign currencies. Beginning Decembei 29, 1978, such assets are revalued monthly at market exchange rates. 4/ Includes exchange-translalion account reflecting, beginning December 29, 1978, the monthly revaluation at market exchange rates of foreign-exchange commitments. MATURITY DISTRIBUTION: OF LOANS AND SECURITIES. FEBRUARY 28, 1979 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 dr.yg in accordance with maximum maturity of the, apieemcnts.) U.S. Government Federal Agency Loans Accept securities obiigatlcps ances Holdings Weekly Holdings Weekly changes changes Within 15 days 1 ,577 -- 3,084 +1,127 114 -241 16 days to 90 days 27 -- 16,546 +7,072 344 +162 91 days to 1 year — -- 25,864 - 914 1,098 - 56 Over 1 year to 5 years — -- 34,549 + 368 3,553 + 78 Over 5 years to 10 years -- -- 11,875 -- 1,568 + 57 Over 10 years -- -- 1111,,556688 -- 881100 -- Total 1 ,604 -- 110033,,448866 +7,653 77,,448877 -- Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF COHDITIO^ OF EACH FEDERAL RESERVE BANK ON FEBRUARY 28, 1979 New Fhila- Cleva- Rich * i St. Minne- j Kansas San Total Boston York delphia land | mond Atlanta Chicago 1 Louis apolis 1 City Dallas Franc!sec (In millions of dollars) A S S E TS Gold certificate account 11,544 960 2,729 698 921 974 518 1,763 516 231 525 509 1,200 Special Drawing Rights certif. acct. 1 1,300 67 330 69 112 116 51 215 55 28 48 57 152 Coin 344 22 23 21 42 33 38 19 23 17 44 18 44 Loans 1,604 215 133 272 61 38 33 137 222 34 55 52 352 Acceptances: Bought outright — -- .. -- -- -- -- -— — — —— "" *" Held under repurchase agreements -- -- -- -- -~ -- . -_ —— "" "" 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/ — -- — — ._ -- -- -"• — — -•* — •* -- -- U.S. Governisent securities: Bought outright — Bills 35,467 1,650 8,628 1,776 2,951 2,904 1,605 5,657 1,449 851 1,454 1,841 4,701 Certificates -- -- — -- — — — -- -- — -- — — Notes 54,662 2,544 13,297 2,738 4,549 4,476 2,472 8,718 2,232 1,312 2,239 2,838 7,247 Bonds 13,357 622 3.249 669 1,112 1.094 604 2.130 545 321 547 693 1,771 Total bought outright 2J 103,486 4,816 25,174 5,183 8,612 8,474 4,681 16,505 4,226 2,484 4,240 5,372 -/13,719 HHeelldd uunnddeerr rreeppuurrcchhaassee aaggrreeeemmeennttss JJ77 -- -- -- -- — -- -- -- -- -- -- -- -- TToottaall UU..SS.. GGoovveerrnnmmeenntt sseeccuurriittiieess 103.486 4,816 25.174 5,183 8,612 8.474 4,681 16.505 4,226 2.484 4.240 5.372 13.719 Total loans and securities 112,577 5,379 27,128 5,830 9,296 9,125 5,053 17,836 4,754 2,698 4,602 5,813 15,063 Ca*h items in process of collection 17,105 414 2,466 648 1,299 2,365 1,831 2,264 697 664 1,457 1,237 1,763 Bs^k prentlaas 395 106 10 55 23 80 23 16 13 28 19 12 10 Other assets 3/ 4,145 160 938 190 309 284 290 664 128 123 156 219 684 Inter district settlei^nt accotint -0- - 459 +1,565 - 853 - 515 + 100 -1,086 - 356 - 121 - 391 + 316 + 619 +1,181 TOTAL 147,410 6,649 35,189 6,658 11,487 13,077 6,718 22,421 6,065 3,398 7,167 8,484 20,097 * Estimated (Cleveland and Atlanta 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 $3,450 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $128 million securities loaned--fully secured by U.S. Government securities. 3/ Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. 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 28, 1979 a.4.i(c) ,. Phila Minne Kansas San Total Boston New York delphia Cleveland* Richmond Atlanta * Chicago St. apolis City Dallas Francisco Louis (In millions of dollars) L I A B I L I T I ES T*ed* ral Reserve notes 99,999 5,109 25,605 5,031 8,395 9,050 3,395 16,792 4,472 1,793 4,281 4,882 11,194 deposits: Member bank reserves 29,280 895 5,983 1,030 1,700 1,446 2,131 3,642 854 713 1,481 2,440 6,965 U.S. Treasury—general account 3,443 219 643 179 152 219 95 519 162 224 236 269 526 Foreign 343 6 193 8 17 11 15 31 6 6 9 12 29 Other 779 1 687 2 1 12 43 12 2 2 2 8 7 Total deposits 33,845 1,121 7,506 1,219 1,870 1,688 2,284 4,204 1,024 945 1,728 2,729 7,527 Deferred availability cash items 8,887 255 839 218 865 2,047 769 767 415 538 971 635 568 Other liabilities and accrued dividends 1/ 1,859 67 528 69 119 121 76 232 59 37 68 79 404 TOTAL LIABILITIES 144,590 6,552 34,478 6,537 11,249 12,906 6,524 21,995 5,970 3,313 7,048 8,325 19,693 CAPITAL ACCOUNTS Capital paid in 1,088 33 280 45 92 58 82 164 34 35 46 64 155 Surplus 1,078 33 280 44 92 57 81 163 33 34 46 63 152 Other capital accounts 654 31 151 32 54 56 31 99 28 16 27 32 97 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 147,410 6,649 35,189 6,658 11,487 13,077 6,718 22,421 6,065 3,398 7,167 8,484 20,097 .. „_ I FEDERAL RESERVE AGENTS1 ACCOUNTS F.R. notes outstanding 113,160 5,945 28,414 6,175 9,086 9,810 4,851 17,876 4,947 2,287 4,950 5,736 13,083 Collateral for F.R. notes: Gold certificate account 11,544 960 2,729 698 921 974 518 1,763 516 231 525 509 1,200 Special Drying 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 ov e e r p n a m p e e n r t securities 98 1 , , 8 42 9 4 2 4,7 2 1 0 4 4 £ 2 / / 2 5,2 11 4 3 2 5,1 2 3 6 9 9 7,9 6 9 1 2 £ 2 / / 8 ,6 3 9 0 0 4,24 33 9 15,7 1 6 3 8 0 £ 2 / / 4 ,2 13 4 3 3 1,99 3 6 2 £ 2 / / 4 ,3 4 3 7 0 5,12 4 2 8 11, 3 4 2 0 4 7 Total collateral 113,160 5,945 28,414 6,175 9,086 9,810 4,851 17,87* 4,947 2,287 A, 950 5,736 13,083 \j Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. 2/ Includes securities borrowed from other Reserve Banks. * Estimated (Cleveland and Atlanta Districts). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis