H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and m'?f*ALi5&: Condition Statement of F.R. Banks H.4.1 Tor immediate release March 29, 1979 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, March 28, March 21, March 29 , March 28, and related items 1979 1979 1978 1979 Reserve Bank credit: (In millions of dollars) U.S. Government securities-- 2/ Bought outright—System account -/105,979 +1,074 +6,921 £/ 104,705 Held under repurchase agreements -1,136 -2,440 Federal Agency obligations- Bought outright 7,464 - 465 7,464 Held under repurchase agreements - 392 - 586 Acceptances-- Bought outright Held under repurchase agreements 260 - 573 Loans— Total member bank borrowing 1,082 + 59 + 697 1,495 Includes seasonal borrowing of: 133 + 10 + 81 136 Other borrowing Float 5,004 . 506 +1,011 5,510 Other F.R. assets 6,410 + 3 +4,162 6,509 Total Reserve Bank credit 125,939 -1, 158 +8,728 125,683 Gold Stock 11,481 - 25 - 237 11,481 Special Drawing Rights certif. acct. 1,300 -- + 50 1,300 Treasury currency outstanding 12,076 + 14 + 606 12,085 150,796 -1, 169 +9,147 150,549 Currency in circulation * 111,757 . 131 +9,435 112,251 Treasury cash holdings * 351 - 11 - 45 350 Treasury deposits with F.R. Banks 3,102 + 229 -3,426 3,178 Foreign deposits with F.R. Banks 262 - 17 20 271 Other deposits with F.R. Banks 694 - 158 + 18 661 Other F.R. liabilities and capital 4,611 + 171 + 704 4,775 120,777 + 83 +6,666 121,486 Member bank reserves: With Federal Reserve Banks 30,020 -1, 251 +2,481 29,063 Currency and coin 9,753 + 620 + 911 9,753 Total reserves held _3/ 39,905 - 632 +3,442 38,948 Required reserves 39,856 - 493 +3,641 39,856 Excess reserves 3/ 49 - 139 - 199 908 NOTE: A net of $36 million of surplus reserves were eligible to be carried forward from the week ended March 21, into the week ending March 28. On March 28, 1979, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $90,623 million, a decrease of $1,968 million for the week. 1/ Net of $2,423 million, daily average, matched sale-purchase transaction sout standing during the latest statement week, of which $1,576 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. Government securities. 27 Net of $3,567 million matched sale-purchase transactions, outstanding at the end of the latest statement week of which $1,536 million was with foreign official and international accounts. Includes $54 million securities loanedfully secured by U.S. Government securities. 3/ Adjusted to include $132 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 28, (March 21, March 29, A S S E TS 1979 1979 1978 Gold certificate account 11,481 — - 237 Special Drawing Rights certif. acct. 1,300 -- + 50 Coin 380 + 11 + 60 Loans 1,495 - 343 +1,131 Acceptances—Bought outright Held under repurchase agreements ..- _- - 607 Federal Agency obligations--Bought outright 7,464 — - 465 Held under repurchase agreements J7 -- -- - 832 U.S. Government securities: Bought outright—Bills 36,686 +7,563 -1,536 Certificates Notes 54,662 — +3,176 Bonds 13,357 -- +3,905 Total bought outright 2/ 104,705 +7,563 +5,545 Held under repurchase agreements 1/ -- -- -3,283 Total U.S. Government securities 104,705 +7,563 +2,262 Total loans and securities 113,664 +7,220 +1,489 Cash items in process of collection (2,229) 11,529 -1,806 +2,016 Bank premises 396 1 + 11 Other assets 3/ 6,113 + 1 +4,179 TOTAL ASSETS (2,229) 144,863 +5^425 +7,568 LI A B I Lt T I ES Federal Reserve notes 100,896 + 209 +8,932 Deposits: Member bank-reserves account 29,063 +4,340 -1,173 U.S. Treasury—general account 3,178 +1,072. -1,211 Foreign 271 + 46 5 Other 661 16 - 104 Total deposits 33,173 +5,442 -2,493 Deferred availability cash items (2,229) 6,019 - 697 + 243 Other liabilities and accrued dividends 4/ 1,902 + 301 + 600 TOTAL LIABILITIES (2,229) 141,990 +5,255 +7,282 C A P I T AL A C C O U N TS Capital paid in 1,110 + 1 + 62 Surplus 1,078 -- + 49 Other capital accounts 685 + 169 + 175 * 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. y Net of $3,567 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $54 million securities loaned-fully secured by U.S. Government securities. 2/ 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 28, 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 1,463 4,998 + 448 25 16 days to 90 days 32 16,550 +8,047 553 91 days to 1 year 25,506 - 931 994 Over 1 year to 5 years 34,208 1 3,509 Over 5 years to 10 years 11,875 _.- 1,513 Over TO years 11,568 -- 810 Teal 1,495 104,705 +7,56 3 7,464 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 28, 1979 New Phila- Cleve- Rich- St. Minne- Kansas San Total Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas Francisco (In millions of dollars) A S S E TS Gold certificate account 11,481 960 2,666 698 921 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 380 25 20 23 47 36 40 25 24 19 53 21 47 Loans 1,495 167 490 55 64 62 10 192 87 67 112 157 32 Acceptances: Bought outright — — -- -- -- -- -- -- -- -- -- -- -- Held under repurchase agreements -- -- -- — -- -- -- -- -- -- -- -- -- 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 1/ -- -- -- -- -- -- -- -- -- -- -- -- -- U.S. Government securities: Bought outright— Bills 36,686 1,707 8,925 1,837 3,053 3,004 1,660 5,851 1,498 880 1,504 1,904 4,863 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/ 104,705 4,873 25,471 5,244 8,714 8,574 4,736 16,699 4,275 2,513 4,290 5,435 13,881 Held under repurchase agreements 1/ -- -- -- -- — — -- — — — — -- — Total U.S. Government securities 104,705 4,873 25,471 5,244 8,714 8,574 4,736 16,699 4,275 2,513 4,290 5,435 13,881 Total loans and securities 113,664 5,387 27,777 5,673 9,399 9,247 5,084 18,081 4,667 2,759 4,708 5,979 14,903 Cash items in process of collection 13,758 302 1,700 296 739 2,179 1,810 1,592 559 695 1,129 919 1,838 Bank premises 396 106 10 55 23 80 24 16 13 28 19 12 10 Other assets 6,113 213 1,546 349 468 368 480 852 189 179 235 329 905 Interdistrict settlement account -0- - 384 +1,320 - 582 - 683 4- 30 - 927 92 + 7 - 468 + 378 + 353 +1,048 TOTAL 147,092 6,676 35,369 6,581 11,026 13,190 7,080 22,452 6,130 3,471 7,145 8,179 19,793 J7 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 $3,567 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $54 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 28, 1979 H.4.1(c) Phila St. Minne Kansas Sai Total Boston New York delphia Cleveland Richmond Atlanta Chicago Louis apolis City Dallas Franc (In millions of dollars) L I A B I L I T I ES Federal Reserve notes 100,896 5,156 25,890 5,050 8,429 9,243 3,376 16,845 4,515 1,834 4,329 4,996 11,2: Deposits: Member bank reserves 29,063 793 6,269 953 1,507 1,419 2,059 3,893 889 892 1,430 2,113 6,8^ U.S. Treasury—general account 3,178 300 429 176 250 287 340 326 173 127 295 192 2£ Foreign 271 6 121 8 17 11 15 31 6 6 9 12 2 Other 661 1 562 * 24 45 5 2 2 2 7 ] Total deposits 33,173 1,100 7,381 1,137 1,774 1,741 2,459 4,255 1,070 1,027 1,736 2,324 7,16 Deferred availability cash items 8,248 255 832 195 459 1,911 923 683 391 486 903 617 5? Other liabilities and accrued dividends 1/ 1,902 69 536 75 121 124 129 232 59 39 58 78 36 TOTAL LIABILITIES 144,219 6,580 34,639 6,457 10,783 13,019 6,887 22,015 6,035 3,386 7,026 8,015 19,37 CAPITAL ACCOUNTS Capital paid in 1,110 33 280 45 93 58 83 164 34 35 46 65 17 Surplus 1,078 33 280 44 92 57 81 163 33 34 46 63 If Other capital accounts 685 30 170 35 58 56 29 110 28 16 27 36 c TOTAL LIABILITIES AND j CAPITAL ACCOUNTS 1.47,092 6,676 35,369 6,581 11,026 13,190 7,080 22,452 6,130 3,471 7,145 8,179 19,79 FEDERAL RESERVE AOTNTS1 ACCOUNTS F.R. notes outstanding 114,098 6,087 28,828 6,234 9,072 9,974 4,838 17,748 4,997 2,340 5,026 5,779 13,17 Collateral for F.R. notes: Gold certificate account 11,481 960 2,666 698 921 1,134 518 1,763 616 231 575 509 89 Special Drawing Rights certif. acct. 1,300 67 330 69 112 116 51 215 55 28 48 57 15 Eligible paper 1,225 157 322 52 61 53 10 175 62 54 106 152 2 U.S. Govt, and Agency Securities 100,092 4,903 25,510 5,415 7,978 8,671 4.259 15,595 4,264 2,027 4,297 5,061- 12,11 Total collateral 114,098 6,087 28,828 6,234 9,072 9,974 4,838 17,748 4,997 2,340 5,026 5,779 13,17 \J 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