H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE •••J&.T&XA- •^ flllll Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For Immediate release April 5, 1979 Averages of dally figures f-feraber bank reserves, Week ended Change from week ehde4 Wednesday Reserve Bank credit, April 4, 1979M arch 28, (April 5, April 4, 1979 and related items ^JL92$~ -Ji^lS: Reserve Bank credit: nrin^miTFFons of dolTars U.S. Government securities-- 1/ 2/ Bought outright—System account ~ 104,026 -1,953 +4,831 95,822 Held under repurchase agreements 726 + 726 - 1,365 Special Certificates 980 + 980 + 980 Federal Agency oblications-- Bought outright 7,464 465 7,464 Held under repurchase agreements 158 + 158 191 Acceptances-- Bought outright Held under repurchase agreements 87 + 87 502 Loans— Total member bank borrowing 868 - 214 + 564 721 Includes seasonal borrowing of: 130 - 3 + 85 108 Other borrowing Float 5,751 + 718 + 2,050 7,360 Other F*R. assets 6,497 ± 87 + 4,135 6j834 Total Reserve Bank credit 1257557 + ~~5S§ +107037 118,201 Gold Stock 11,478 - 240 11,476 Special Drawing Rights certif. acct. 1,300 + 50 1,300 Treasury currency outstanding 12,116 40 + 652 12,128 T5T74"5T ""625" I4OT5- Currency in circulation * 112,421 + 664 + 9 766 113,489 Treasury cash holdings * 350 - 1 ; 45 350 Treasury deposits with F.R. Banks 2,707 - 395 - 2 734 756 Foreign deposits with F.R. Banks 292 + 30 79 244 Other deposits with F.R. Banks 690 - 4 83 545 Other F.R. liabilities and capital 4,394 - 217 + 628 3,707 T20755Z +~ ~~77 H9709r Member bank reserves: With Federal Reserve Banks 30,596 + 547 + 3,044 24,014 Currency and coin Total reserves held 3/ _9.777 + 24 + 842 9,777 4T7935 33,918 Required reserves ~~ 40,046 + 190 + 3,755 Excess reserves 3/ 40,046 454 + 376 + 179 • 6,128 NOTE: A net of $35 million of surplus reserves were eligible to be carried forward from the week ended March 28, into the week ending April 4. On April 4, 1979, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $88,072 million, Est., a decrease of $2,551 million for the week. 1/ Net of $4,046 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $1,757 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S Government securities. 2/ Net of $12,250 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which $1,939 million was with foreign official and international accounts. Includes $133 million securities loanedfully secured by U.S. Government securities. 3/ Adjusted to include $127 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.Ka> CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since April 4, March 28, April T7~~ A S S E TS 1979__ 1 1979 1978 Gold certificate account 11,47V" 5 - 242 Special Drawing Rights certif. acct. * 1,300 -- + 50 Coin 385 5 + 76 Loans 721 774 + 562 Acceptances--Bought outright Held under repurchase agreements -- - 193 Federal Agency obligations--Bought outright 7,464 -- - 465 Held under repurchase agreements U -- - 99 U.S. Government securities: Bought outright-~Bills 28,442 -8,244 -6,565 Certificates Notes 54,023 - 639 +2,039 Bonds 13,357 -- +3,809 Total bought outright 2/ 95,822 -8,883 - 717 Held under repurchase agreements JV -- -- - 402 HQtal U.S. Government securities 95,822 -8,883 -1,119 Total loans and securities 104,007 -9,657 -1,314 Cash items in process of collection (2,292) 14,335 +2,806 + 935 Bank premises 396 -- + 12 Other assets 3_/ 6,438 + 325 +4,522 TOTAL ASSETS (2,292) 138^337 -6,526 +4^039 LIABILITIES Federal Reserve notes 102,096 +1,200 +9,660 Deposits: Member bank-reserves account 24,014 -5,049 - 870 U.S. Treasury—general account 756 -2,422 -4,182 Foreign 244 27 - 341 Other (168) 545 - 116 - 206 Total deposits (168) 25,559 -7,614 -5,599 Deferred availability cash items (2,124) 6,975 + 956 - 272 Other liabilities and accrued dividends 4/ 1^384 - 518 + 119 TOTAL LIABILITIES (2,292) 136,014 -5,976 +3,908 C A P I T AL A C C O U N T S. Capital paid in 1,112 + 2 + 64 Surplus 1,078 -- + 49 Other capital accounts 133 - 552 + 18 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. 1/ Net of $12,250 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $133 million securities loaned-fully secured by U.S. Government securities. 1/ 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, APRIL 4, 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 664 4,384 - 614 _- -25 16 days to 90 days 57 8,645 -7,905 611 +58 91 days to 1 year 25,866 + 360 961 -33 Over 1 year to 5 years 33,484 - 724 3,509 Over 5 years to 10 years 11,875 -- 1,573 Over 10 years 11,568 -- 810 Total 721 95,822 -8,883 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 APRIL 4, 1979 New Phila- Cleve- Rich -1 1 St. Min ne- j Kansas j San Total Boston York i delphia land mond 1 Atlanta Chicago Louis apolis 1 Ci^y jD allas Francisco. (In millions of dollars) A S S E TS Gold certificate account 11,476 1,100 3,351 958 521 1,424 363 1,163 756 141 730 369 600 Special Drawing Rights certif. acct. 1,300 67 330 69 112 116 51 215 55 28 48 57 152 Coin 385 25 19 26 46 38 38 25 26 19 55 22 46 Loans 721 150 31 54 47 20 6 116 20 47 68 79 83 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 28,442 1,323 6,919 1,424 2,367 2,329 1,287 4,536 1,161 683 1,165 1,477 3,771 Certificates __ -- -- -- -- -- -- -- .- -- .- -- Notes 54,023 2,514 13,142 2,706 4,496 4,423 2,444 8,616 2,206 1 ,296 2,214 2,804 7,162 Bonds 13,357 622 3,249 669 1,112 1,094 604 2,130 545 321 547 693 1,771 Total bought outright 2/ 95,822 4,459 23,310 4,799 7,975 7,846 4,335 15,282 3,912 2 ,300 3,926 4,974 12,704 Held under repurchase agreements _1/ -- -- -- -_ -- -- -- -- -- -- -- -- _- Total U.S. Government securities 95,822 4.*59 23,310 4,799 7,975 7,846 4,335 15,262 3,912 Y, 300 3,926 4,974 12,704 Total loans and securities 104,007 4,956 25,157 5,227 8,643 8,477 4,679 16,588 4,237 2 ,526 4,300 5,440 13,777 Cash items in process of collection 16,627 381 2,260 389 965 2,356 2,307 2,085 696 764 1,244 952 2,228 Bank premises 396 106 10 55 23 80 24 16 13 28 19 12 10 Other assets 3/ 6,438 214 1,406 399 480 811 466 864 191 169 235 329 874 Interdistrict settlement account -0- - 677 + 633 - 746 - 172 - no -1,191 + 886 + 52 - 334 4- 151 + 623 + 885 TOTAL 140,629 6,172 33,166 6,377 10,618 13,192 6,737 21,842 6,026 3 ,341 6,782 7,804 18,572 \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 $12,250 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $133 million securities loaned--fully secured by U.S. Government securities. 2/ 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 APRIL 4, 1979 H.4.1(c) Phila St. J Minne Kansas San Total Boston New York delphia Cleveland Richmond Atlanta Chicago Louis apolis City Dallas [Francisco (In million s of dollars) L I A B I L I T I ES Federal Reserve notes 102,096 5 ,201 26,066 5,138 8,485 9,791 3,354 16,971 4,536 1,846 4,378 5,021 11,309 Deposits: Member bank reserves 24,014 566 3,970 799 1,357 1,177 1,901 3,506 897 688 1,226 1,982 5,945 U.S. Treasury—general account 756 756 Foreign 244 9 1/ 44 11 23 14 20 41 8 9 11 16 38 Other 713 455 * 1 22 42 4 3 171 2 5 8 Total deposits 25,727 575 5,225 810 1,381 1,213 1,963 3,551 908 868 1,239 2,003 5,991 Deferred availability cash items 9,099 264 956 269 451 1,950 1,180 767 458 520 1,016 574 694 Other liabilities and accrued dividends 1/ 1,384 62 334 65 107 115 69 210 52 35 52 71 212 TOTAL LIABILITIES 138,306 6 ,102 32,581 6,282 10,424 13,069 6,566 21,499 5,954 3,269 6,685 7,669 18,206 CAPITAL ACCOUNTS Capital paid in 1,112 33 280 45 93 58 84 165 34 35 46 65 174 Surplus 1,078 33 280 44 92 57 81 163 33 34 46 63 152 Other capital accounts 133 4 25 6 9 8 6 15 5 3 5 7 40 TOTAL LIABILITIES AND 140,629 6 ,172 33,166 6,377 10,618 13,192 6,737 21,842 6,026 3,341 6,782 7,804 18,572 CAPITAL ACCOUNTS FEDERAL RESERVE AGENTS' ACCOUNTS " " F.R. notes outstanding 114,432 6,111 28,833 6,248 9,105 10,009 4,749 17,946 5,040 2 ,355 5,072 5,792 13,172 Collateral for F.R. notes: Gold certificate account 11,476 1,100 3,351 958 521 1,424 363 1,163 756 141 730 369 600 Special Drawing Rights certif. acct. 1,300 67 330 69 112 116 51 215 55 28 48 57 152 Eligible paper 647 139 30 52 47 17 6 106 12 39 64 63 72 U.S. Government securities 101,009 4,805 25,122 5,169 8,425 8,452 4,329 16,462 4,217 2 ,^7 . 4,230 5,303 12,348 Total collateral 114,432 6,111 28,833 6,248 9,105 10,009 4,749 17,946 5,040 2 ,355 5,072 5,792 13,172 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