H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release March 15, 1979 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, March 14, March 7, [March 15, March 14, and related items 1979 1979 1 1978 1979 Reserve Bank credit: (In millions of dollars) U.S. Government securities-- Bought outright—System account 1/ 103,142 - 452 + 5,594 2/ 103,803 Held under repurchase agreements 969 + 667 + 969 2,689 Federal Agency obligations-- Bought outright 7,464 20 - 480 7,464 Held under repurchase agreements 219 + 205 + 219 890 Acceptances— Bought outright Held under repurchase agreements 261 + 168 + 261 757 Loans-- Total member bank borrowing 882 - 144 + 634 1,436 Includes seasonal borrowing of: 108 + 1 + 67 116 Other borrowing Float 5,860 -2,005 + 1,378 8,925 Other F.R. assets 6,133 + 25 + 4,101 6,205 Total Reserve Bank credit 124,930 -1,556 +12,676 132,169 Gold Stock 11,540 4 178 11,532 Special Drawing Rights certif. acct. 1,300 -- + 50 1,300 Treasury currency outstanding 12,025 + 12 + 566 12,025 149,795 -1,547 +13,114 157,026 Currency in circulation * 112,037 + 656 + 9,989 112,325 Treasury cash holdings * 290 7 103 290 Treasury deposits with F.R. Banks 2,717 -1,090 + 162 3,318 Foreign deposits with F.R. Banks 292 + 22 19 262 Other deposits with F.R. Banks 717 - 206 113 746 Other F.R. liabilities and capital 4,309 + 85 + 102 4,482 120,361 - 541 +10,017 121,423 Member bank reserves: With Federal Reserve Banks 29,434 -1,007 + 3,096 35,603 Currency and coin 10,399 + 576 + 841 10,399 Total reserves held 3/ 39,967 - 431 + 3,986 46,136 Required reserves 39,875 - 352 + 4,025 39,875 Excess reserves 3/ 92 79 39 6,261 NOTE: A net of $68 million of surplus reserves were eligible to be carried forward from the week ended March 7, into the week ending March 14. On March 14, 1979, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $92,922 million, a decrease of $1,609 million for the week. 1/ Net of $3,645 million, daily average, matched sale-purchase transactions out standing during the latest statement week, of which $1,731 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. Government securities. 2/ Net of $3,520 million matched sale-purchase transactions, outstanding at the end of the latest statement week of which $1,613 million was with foreign official and international accounts. Includes $76 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 (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 March 14, March 7, March 15, A S S E TS 1979 1979 1978 Gold certificate account 11,532 12 - 186 Special Drawing Rights certif. acct. * 1,300 -- + 50 Coin 368 + 16 + 38 Loans 1,436 - 605 + 1,023 Acceptances—Bought outright Held under repurchase agreements 757 + 757 + 757 Federal Agency obligations—Bought outright 7,464 -- - 474 Held under repurchase agreements 17 890 + 890 + 890 U.S. Government securities: Bought outright— Bills 35,784 + 7,245 - 1,079 Certificates Notes 54,662 __ + 4,146 Bonds 13,357 — ++__3 ,959 Total bought outright 2/ 103,803 + 7,245 ++ 7,026 Held under repurchase agreements 1/ 2,689 + 2,689 + 2,689 Total U.S. Government securities 106,492 + 9,934 + 9,715 Total loans and securities 117,039 +10,976 +11,911 Cash items in process of collection (2,115) 15,597 + 1,138 + 2,859 Bank premises 395 — + 12 Other assets _3/ 5,810 + 176 + 4,122 TOTAL ASSETS (2,115) 152,041 +12,294 +18,806 Federal Reserve notes 100,958 + 327 + 9,287 Deposits: Member bank-reserves account 35,603 +10,604 + 8,096 U.S. Treasury—general account 3,318 + 806 + 1,736 Foreign 262 14 - 38 Other 746 137 - 195 Total deposits 39,929 +11,259 + 9,599 Deferred availability cash items (2,115) 6,672 + 348 + 16 Other liabilities and accrued dividends 4/ 1,947 + 173 - 262 TOTAL LIABILITIES (2,115) 149,506 +12,107 +18,640 C A P I T AL A C C O U N TS Capital paid in 1,109 + 20 + 63 Surplus 1,078 _- + 49 Other capital accounts 348 + 167 + 54 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Does not include U.S. Government and Federal Agency securities resold under matches 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 $3,520 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $76 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 at market exchange rates. 4/ Includes exchange-translation account reflecting, beginning December 29, 1978, the monthly revaluation at market exchange rates of foreign-exchange commitments. MATURITY DISTRIBUTION: OF LOANS AND SECURITIES. MARCH 14, 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 1,374 757 5,668 +2,987 890 +850 16 days to 90 days 62 16^660 +7,097 578 +183 91 days to 1 year 26,513 - 150 994 -104 Over 1 year to 5 years 34,208 — 3,509 - 44 Over 5 years to 10 years 11,875 — 1,573 + 5 Over 10 years ~ 11,568 ^ 810 — Total 1,436 757 106,492 +9,934 8,354 +890 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 MARCH 14, 1979 New Phila- Cleve- Rich- St. Minne- Kansas San Total Boston York delphia land 1 mond Atlanta Chicago Louis apolis City Dallas Francisco (In millions of dollars) A S S E TS Gold certificate account 11,532 960 2,717 698 921 1,134 518 1,763 616 231 575 509 890 Special Drawing Rights certif. acct. 1,300 67 330 69 112 116 51 215 55 28 48 57 152 Coin 368 25 20 23 46 34 40 23 24 19 48 20 46 Loans 1,436 194 223 205 90 144 5 213 71 47 73 28 143 Acceptances: Bought outright -- — -- -- -- -- — -- -- -- -- -_ -- Held under repurchase agreements 757 -- 757 — -- -- -- -- — -- -- __ -- Federal Agency obligations— Bought outright 7,464- 347 1,816 374 621 611 338 1,190 305 179 306 387 990 Held under repurchase agreements V 890 — 890 -- -- -- -- -- -- -- ~ -- -- U.S. Government securities: Bought outright— Bills 35,784 1,665 8,705 1,792 2,978 2,930 1,619 5,707 1,462 858 1,467 1,857 4,744 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 2/ 103,803 4,831 25,251 5,199 8,639 8,500 4,695 16,555 4,239 2 ,491 4,253 5,388 13,762 Held under repurchase agreements 1/ 2,689 — 2,689 _- — -- -- -- -- — -- -- — Total U.S. Government securities 106,492 4,831 27,940 5,199 8,639 8,500 4,695 16,555 4,239 T ,491 4,253 5,388 13,762 Total loans and securities 117,039 5,372 31,626 5,778 9,350 ) 9,255 5,038 17,958 4,615 2 ,717 4,632 5,803 14,895 Cash items in process of collection 17,712 425 2,556 414 1,107 2,275 3,112 1,910 804 647 1,417 1,121 1,924 Bank premises 395 106 10 55 23 80 23 16 13 28 19 12 10 Other assets 3/ 5,810 201 1,403 272 445 372 421 824 190 164 221 309 988 Interdistrict settlement account -0- - 334 - 961 - 681 - 44 + 24 -2,230 + 714 + 93 - 449 + 454 + 782 +2,632 TOTAL 154,156 6,822 37,701 6,628 11,960 13,290 6,973 23,423 6,410 3 ,385 7,414 8,613 21,537 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 $3,520 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $76 million securities loaned--fully secured by U.S. Government securities. V Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MARCH 14, 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 100,958 5,152 25,908 5,070 8,493 9,122 3,276 17,004 4,530 1,834 4,331 4,932 11,306 Deposits: Member bank reserves 35,603 1,018 8,475 940 2,328 1,671 2,065 4,569 931 770 1,603 2,561 8,672 U.S. Treasury—general account 3,318 226 375 211 347 236 247 403 339 148 292 242 252 Foreign 262 6 112 8 17 11 15 31 6 6 9 12 29 Other 746 1 644 * 1 24 41 9 2 2 1 13 8 Total deposits 39,929 1,251 9,606 1,159 2,693 1,942 2,368 5,012 1,278 926 1,905 2,828 8,961 Deferred availability cash items 8,787 262 867 215 436 1,920 1,050 784 436 510 1,013 628 666 Other liabilities and accrued dividends 1/ 1,947 76 676 76 123 163 99 241 85 37 59 79 233 TOTAL LIABILITIES 151,621 6,741 37,057 6,520 11,745 13,147 6,793 23,041 6,329 3,307 7,308 8,467 21,166 CAPITAL ACCOUNTS Capital paid in 1,109 33 280 45 93 58 83 164 34 35 46 64 174 Surplus 1,078 33 280 44 ' 92 57 81 163 33 34 46 63 152 Other capital accounts 348 15 84 19 30 28 16 55 14 9 14 19 45 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 154,156 6,822 37,701 6,628 11,960 13,290 6,973 23,423 6,410 3,385 7,414 8,613 21,537 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 113,269 5,993 28,659 6,205 9,093 9,854 4,679 17,846 4,948 2,315 4,913 5 ,693 13,071 Collateral for F.R. notes: Gold certificate account 11,532 960 2,717 698 921 1,134 518 1,763 616 231 575 509 890 Special Drawing Rights certif. acct. 1,300 67 330 69 112 116 51 215 55 28 48 57 152 Eligible paper 1,193 159 223 205 86 133 5 165 45 39 64 27 42 U.S. Govt, and Agency Securities 99,244 4,807 25,389 5,233 7,974 8,471 4 105 15,703 4,232 2,017 4,226 5 ,100 11,987 8 Total collateral 113,269 5,993 28,659 6,205 9,093 9,854 4,679 17,846 4,948 2,315 4,913 5 ,693 13,071 1/ Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. * Less than $500,000. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis