H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and r?uiis*.- Condition Statement of F.R. Banks H.4.1 For immediate release April 12, 1979 Averages ><f daily figures Member bank reserves, Week ended Change from week endedW ednesday Reserve Bank credit, April 11, April 4, April 12, April 11, and related items 1979* 1979 1978 1979 * Reserve Bank credit: (In millions of dollars) U.S. Government securities-- Bought outright—System account 1/ 104,230 + 204 + 5,019 2/ 103,225 Held under repurchase agreements - 726 Special Certificates - 980 Federal Agency obligations— Bought outright 7,464 - 465 7,464 Held under repurchase agreements - 158 Acceptances-- Bought outright —— •"•• *•*• Held under repurchase agreements - 87 Loans-- Total member bank borrowing 628 - 240 + 457 476 Includes seasonal borrowing of: 118 - 12 + 81 108 Other borrowing Float 6.508 + 795 + 2,169 6,934 Other F.R. assets 6,810 + 376 + 4,218 6,522 Total Reserve Bank credit 125,639 +11,398 124,621 Gold Stock 11,456 - 22 - 262 11,434 Special Drawing Rights certif. acct. 1,300 + 50 1.300 Treasury currency outstanding 12,128 + 12 + 634 12,128 1507525 ~525 +11,820 TESTES Currency in circulation ick 113,363 +1,034 + 9>974 114.100 Treasury cash holdings -hk 354 - 25 43 350 Treasury deposits with F.R. Banks 2,474 - 233 - 1,431 i 865 Foreign deposits with F.R. Banks 268 - 24 + 10 225 Other deposits with F.R. Banks 637 - 53 - 104 1 669 Other F.R. liabilities and capital 4,103 - 291 + 560 4,210 121,200 + 409 + 8,968 120,419 Member bank reserves: With Federal Res rve jimks 29,324 -1,234 + 2,853 29,064 Currency and coi,i 10,067 + 290 + 711 10,067 Total reserves held 3/ ^~W "39,513 + 3,609 39,253 Required reserves 39,305 - 741 + 3.389 39,305 Excess reserves 3/ 208 - 208 + 220 52 NOTE: A net of $205 million of surplus reserves were eligible to be carried forward from the week ended April 4 into the week ending April 11. On April 11, 1979, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $86,412 million, a decrease of $488 million for the week. 1/ Net of $3,447 million, daily average, matched sale-purchase transactions outstanding during the latest statemen tweek, of which $996 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. 2/ Net of $4,863 million matched sale-purchase transactions outstanding at the end of the latest statemen tweek, of which $622 million was with foreign official and international accounts. Includes $134 million securities loaned—fully secured by U.S. Government securities. 3/ Adjusted to include $122 million waivers of penalties for reserve deficiencies in accordance with Board policy effective Novembe r19, 1975. Estimated (Cleveland District}. ** 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 April 11,**' April 4, April 12, A S S E TS 1979 1979 1978 Gold certificate account 11,434 -%\ 42 - 284 Special Drawing Rights certif. acct 1,300 — + 50 # 377 8 + 72 Coin Loans 476 - 245 + 305 Acceptances—Bought outright Held under repurchase agreements Federal Agency obligations--Bought outright 7,464 465 Held under repurchase agreements U U.S. Government securities: Bought outright—Bills 35,206 +6,764 1,239 Certificates Notes 54,662 + 639 + 2 678 Bonds 13,357 + 3 809 Total bought outright 2/ 103,225 +7 ,403 + 5,248 Held under repurchase agreements 1/ -- Total U.S. Government securities 103,225 +7 ? 403 + 5,248 Total loans and securities 111,165 +7 ,158 + 5,088 Cash items in process of collection (1,884) 13,756 - 579 + 2,593 395 - 1 + 12 Bank premises 6,127 + 131 + 3,968 Other assets 3/ (1,884) 144,554 +6,659 +11,499 TOTAL ASSETS LIABILITIES Federal Reserve notes 02,699 +1,045 + 9,637 Deposits: Member bank-reserves account 29,064 +5,050 + 2,763 U.S. Treasury—general account 865 + 109 - 1,730 Foreign 225 - 19 43 Other 669 + 124 90 Total deposits 30,823 +5,264 + 900 Deferred availability cash items (1,884) 6,822 - 153 + 406 Other liabilities and accrued dividends 4/ 1,709 + 325 + 378 TOTAL LIABILITIES 142,053 +6,481 +11,321 C A P I T AL A C C O U N T S. Capital paid in 1,113 + 1 + 66 Surplus 1,078 — + 49 Other capital accounts 310 + 177 + 63 * Figures in parentheses are the eliminations made in the consolidating process. ** Estimated (Cleveland District). \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 $738 million was outstanding at the end of the latest statement week. 2/ Net of $4,863 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $134 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, April 11, 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 412 4,105 - 279 55 +55 16 days to 90 days 64 14,776 +6,131 591 -20 91 days to 1 year 26,777 + 911 986 +25 Over 1 year to 5 years 34,124 + 640 3,486 -23 Over 5 years to 10 years 11,875 -- 1,536 -37 Over 10 years 11,568 — 881100 ..- Total 476 .03,225 +7,403 77,,446644 — 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 11, 1979 New Phlla- Cleve^ Rich St. Minne- 11 KKaannssaass San Total Boston York delohla lftfld mond Atlanta Chicago Loui s i^olis ••II..CCllrrxx __ 1 Dallas Fr and 8 co* (In r-.illlons of dollars) A S S E TS Gold certificate account 11,4?4 960 2,619 921. 1.134 518 1,763 616 231 575 509 890 Special Drawing Rights certif. *cct. 1,300 67 330 3.12- 116 ."1 215 55 28 48 57 152 Coin 377 26 19 25 45 37 3*? 22 26 22 54 21 42 r>. Loan 8 476 103 20 58 6 45 79 38 43 51 22 9 Acceptances: Bought outright Held under repurchase agreements Federal Agency obligations— 7,464 347 1,816 374 621 611 338 1,190 305 179 306 387 990 Bought outright Held under repurchase agreements 1/ U.S. Government securities: Bought outright— Bills 35,206 1,638 8,565 1,763 2,930 2,882 1,593 5,615 1,438 844 1,443 1,828 4,667 Certificates -- -- -- -- -- -- -- -- -- -- -- -- -- Notes 54,662 2,544 13,297 2,738 4,549 ^,476 2,472 8,718 2,232 1,312 2,240 2,837 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/ 103,225 4,804 25,111. 5,170 8,591 8,452 4,669 16,463 4,215 2,477 4,230 5,358 13,685 Held under repurchase agreements 1/ Total U.S. Government securities 103,225 4,804 25,111 5,170 8,591 8,452 4,669 16,463 4,215 2,477 4,230 5,358 13,685 Total loans and securities 111,165 5,254 26,947 5,602 9,21P 9,108 5,009 17,732 4,558 2,699 4,587 5,767 14,684 Cash items in process of collection 15,640 428 2,170 414 828 2,216 2,010 1,863 680 626 1,334 1,012 2,059 Bank premises 395 106 10 55 22 80 24 16 13 28 - 19 12 10 Other assets .3/ 6,127 222 1,^45 325 485 367 479 885 238 175 238 344 924 Interdi8trict settlement account -0- - 564 + 2,132 - 616 609 4 -1,490 - 388 31 - 425 + 265 + 539 +1,191 TOTAL 146,438 6,499 35,672 6,572 11,022 13,054 6,639 22,108 6,155 3,384 7,120 8,261 19,952 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 $738 million was outstanding at the end of the latest statement week. 2/ Net of $4,863 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $134 million securities loaned—fully secured by U.S. Government securities. 3/ Includes assets denominated in foreign currencies; revalued monthly at market exchange rates. * Estimated (Cleveland District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 11,1979 H.4.1(c) Phila St. Minne Kansas San Total Boston New York delphia Cleveland4! 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 102,699 5.265 26,257 5,222 8,581 9,442 3,330 17,165 4,578 1,874 4,421 5,088 11,476 Deposits: Member bank reserves 29,064 757 6,667 853 1,635 1,357 1,813 3,532 895 893 1,458 2,367 6,837 U.S. Treasury—general account 865 64 93 57 49 66 72 85 6 4 114 83 172 Foreign 225 9 1/ 25 11 23 14 20 41 8 9 11 16 38 Other 669 570 5 1 22 45 5 1 1 1 7 11 Total deposits 30,823 830 7,355 926 1,708 1,459 1,950 3,663 910 907 1,584 2,473 7,058 Deferred availability cash items 8,706 258 1,046 244 406 1,894 1,085 673 514 488 949 480 669 Other liabilities and accrued dividends 1/ 1,709 69 387 76 117 121 95 235 74 39 60 77 359 TOTAL LIABILITIES 143,937 6,422 35,045 6,468 10,812 12,916 6,460 21,736 6,076 3,308 7,014 8,118 19,562 CAPITAL ACCOUNTS Capital paid in 1,113 33 280 45 93 58 84 165 34 35 47 65 174 Surplus 1,078 33 280 44 92 57 81 163 33 34 46. 63 152 Other capital accounts 310 11 67 15 25 23 14 44 12 7 13 15 64 TOTAL LIABILITIES AND j CAPITAL ACCOUNTS 146,438 6,499 35,672 6,572 11,022 13,054 6,639 22,108 6,155 3,384 7,120 8,261 19,952 FEDERAL RESERVE AGENTS1 ACCOUNTS F.R. notes outstanding 114,435 6,118 28,786 6,247 9,109 10,032 4,684 18,086 5,054 2,352 5,048 5,768 13,151 Collateral for F.R. notes: Gold certificate account 11,434 960 2,619 698 921 1,134 518 1,763 616 231 575 509 890 Special Drawing Rigjhts certif. acct. 1,300 67 330 69 112 116 51 215 55 28 48 57 152 Eligible paper 414 94 20 56 6 23 2 76 30 35 47 22 3 U.S. Gov^. and Agency Securities 101,287 4,997 25,817 5,424 8,070 8,759 4,113 16,032 4,353 2,058 4,378 5,180 12.106 Total collateral 114,435 6,118 28,786 6,247 9,109 10,032 4,684 18,086 5,054 2,352 5,048 5,768 13,151 1/ Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. * Estimated (Cleveland District).- Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis