H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and ?«4LW**.'" Condition Statement of F.R. Banks H.4.1 For immediate release April 19, 1979 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, April 18, April 11, April 19, April 18, and related items 1979* 1979 I 1978 1979 * Reserve Bank credit: (In millions of dollars) U.S. Government securities-- Bought outright--System account 1/ 105, 648 + 1,418 + 4,197 2/ 104,465 Held under repurchase agreements Federal Agency obligations-- Bought outright 7,464 465 7,464 Held under repurchase agreements Acceptances-- Bought outright Held under repurchase agreements Loans— Total member bank borrowing 950 + 322 + 712 3,171 Includes seasonal borrowing of: 126 + 8 + 91 131 Other borrowing Float 7,475 + 961 + 3,390 8,177 Other F.R. assets 6,912 + 102 + 4,175 7,025 Total Reserve Bank credit 128,448 + 2,803 +12,008 130,302 Gold Stock 11,418 38 - 300 11,418 Special Drawing Rights certif. acct. 1,300 + 50 1,300 Treasury currency outstanding 12,167 1 39 + 670 12,177 153,333 + 2,803 +12,428 155,197 Currency in circulation ** 114,026 694 +10,471 114,254 Treasury cash holdings ** 350 36 40 350 Treasury deposits with F.R. Banks 2,072 402 - 1,340 4,868 Foreign deposits with F.R. Banks 323 + 55 10 252 Other deposits with F.R. Banks 678 + 41 23 682 Other F.R. liabilities and capital 4,302 + 198 + 578 4,364 121,751 + "359 + 9,636 124,770 Member bank reserves: With Federal Reserve Banks 31,582 + 2,254 + 2,792 30,427 Currency and coin 9,655 - 412 + 781 9,655 Total reserves held 3/ 41,362 + 1,845 + 3,622 40,207 Required reserves "~ 41,140 + 1,835 + 3,705 41,140 Excess reserves 3/ 222 + 10 83 933 NOTE: A net of $118 million of surplus reserves were eligible to be carried forward from the week ended April 11, into the week ending April 18. On April 18, 1979, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter national accounts were $85,999 million, a decrease of $413 million for the week. 1/ Net of $2,730 million, daily average, matched sale-purchase trans actions outstanding during the latest statement week, of which $1,509 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. 2/ Net of $4,449 million matched sale-purchase transactions outstanding at the end of the latest statement week.,of which $778 million was with foreign official and international accounts. Includes $64 million securities loaned—fully secured by U.S. Government securities. 3/ Adjusted to include $125 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 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 cf dollars} Wednesday Change since April 18, April 11, April 19, A S S E TS 1979** 1979 1978 Gold certificate account UJ418 16 300 Special Drawing Rights certif. acct. * 1.300 r~ + 50 Coin 381 + :, 4 + 73 Loans 3;i71 + 2695 + 2,615 f Acceptances—Bought outright Held under repurchase agreements Federal Agency obligations—Bought outright 7,464 465 Held under repurchase agreements \j U.S. Government securities: ~" Bought outright—Bills 36,446 + 1,240 2,519 Certificates Notes 54,662 — + 2,152 Bonds 13,357 — +3,664 Total bought outright 2/ 104,465 + 1,240 +3,297 Held under repurchase dgFeeraents \j Total U.S. Government securities ~~ 104/65 + 1,240 + 3,257 Total loans and securities 115,100 + 3,935 + 5,447 Cash items in process of collection (2,496) 16,014 + 2,208 *+ 3,600 Bank premises 397 + 2 + 12 Other assets 3/ 6,628 + 501 + 4,131 TOTAL ASSETS (2,496) 151', 238 + 6,634 + 13,013 LI AB I UT Ili Federal Reserve notes 102,808 + 100 +9,960 Deposits: Member bank-reserves account 30,427 + 1,363 + 3,278 U.S. Treasury—general account 4,868 + 4,003 - 1,757 Foreign 252 + 27 + 3 Other 682 +. 13 , 27 Total deposits 36,229 + 5,406 +1,497 Deferred availability cash items (2,496) 7,837 + 979 + 952 Other liabilities and accrued dividends 4/ 1,692 22 + 384 TOTAL LIABILITIES (2,496) 148,566 + 6,463 + 12,793 C A P I T AL A C C O U N TS Capital paid in 1,113 + 66 Surplus 1,078 -- + : 49 Other capital accounts 481 + 171 + 105 Figures in parentheses are the eliminations made in the consolidating process. Estimated (Cleveland District), 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 $1,426 million was outstanding at the end of the latest statement week, 2/ Net of $4,449 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $64 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 1ft 1P/7Q (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 3,140 4,214 + 109 '117 + 62 16 days to 90 days 31 15,494 + 718 529 - 62 91 days to 1 year 27,190 + 413 986 Over 1 year to 5 years 34,124 __ 3,486 — Over 5 years to 10 years 11,875 — 1,536 — Over 10 years 11,568 — 881100 — Total 3,171 104,465 +1,240 — 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 18, 1979 New Phila Cleve Rich St. Minne Kansas San Total Boston York delphia land* mond Atlanta Chicago Louis apolis Citv Dallas Francisco. (In millions of dollars) A S S E TS Gold certificate account 11,418 960 2,603 698 921 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 381 26 19 25 47 35 36 23 27 22 56 22 43 Loans 3,171 262 1,287 198 118 194 26 530 79 82 88 38 269 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 V U.S. Government securities: Bought outright— Bills 36,446 1,696 8,866 1,825 3,033 2,984 1,649 5,813 1,489 874 1,493 1,892 4,832 Certificates Notes 54,662 2,544 13,297 2,738 4,549 4,476 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 TToottaall bboouugghhtt oouuttrriigghhtt VV 104,465 4,862 25,412 5,232 8,694 8,554 4,725 16,661 4,266 2,507 4,280 5,422 13,850 HHeelldd uunnddeerr rreeppuurrcchhaassee aaggrreeeemmeennttss 11// TToottaall UU..SS.. GGoovveerrnnmmeenntt sseeccuurriittiieess 104,465 4,862 25,412 5,232 8,694 8,554 4,725 16,661 4,266 2,507 4,280 5,422 13,850 Total loans and securities 115,100 5,471 28,515 5,804 9,433 9,359 5,089 18,381 4,650 2,768 4,674 5,847 15,109 CCaasshh iitteemmss iinn pprroocceessss ooff ccoolllleeccttiioonn 18,510 412 2,824 648 994 2,988 2,039 2,197 927 707 1,369 1,043 2,362 BBaannkk pprreemmiisseess 397 106 10 55 23 80 25 16 13 28 19 12 10 OOtthheerr aasssseettss VV 6,628 232 1,623 450 495 425 588 886 200 176 246 343 964 IInntteerrddiissttrriicctt sseettttlleemmeenntt aaccccoouunntt • -0- + 178 + 842 - 833 - 898 - 45 -1,078 97 + 157 - 516 + 409 +1,178 + 703 TTOOTTAALL 153,734 7,452 36,766 6,916 11,127 14,092 7,268 23,384 6,645 3,444 7,396 9,011 20,233 * Estimated (Cleveland District). 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 $1,426 million was outstanding at the end of the latest statement week. 2/ Net of $4,449 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $64 million securities loaned--fully ~~ secured by U.S. Government securities. 3/ Includes assets denominated in foreign currencies; revalued monthly at market rates. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 18, 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 102,808 5,289 26,315 5,220 8,645 9,410 3,220 17,290 4,569 1,880 4,425 5,081 11,464 Deposits: Member bank reserves 30,427 1,228 6,595 869 1,636 1,474 2,168 4,011 1,029 731 1,400 2,584 6,702 U.S. Treasury—general account 4,868 392 914 296 287 393 433 499 274 160 324 460 436 Foreign 252 9 1/ 52 11 23 14 20 41 8 9 11 16 38 Other 682 582 1 21 50 5 1 2 2 6 12 Total deposits 36,229 1,629 8,143 1,176 1,947 1,902 2,671 4,556 1,312 902 1,737 3,066 7,188 Deferred availability cash items 10,333 376 1,246 332 191 2,492 1,090 898 599 543 1,062 634 870 Other liabilities and accrued dividends 1/ 1,692 71 392 76 122 136 101 240 79 39 60 78 298 TOTAL LIABILITIES 151,062 j 7,365 36,096 6,804 10,905 13,940 7,082 22,984 6,559 3,364 7,284 8,859 19,820 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 J 481 21 110 23 37 37 21 72 19 11 19 24 87 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 153,734 7,452 36,766 6,916 11,127 14,092 7,268 23,384 6,645 3,444 7,396 9,011 20,233 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 114,957 6,107 29,025 6,257 9,159 10,171 4,640 18,195 5,067 2,380 5,028 5,778 13,150 Collateral for F.R. notes: Gold certificate account 11,418 960 2,603 698 921 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 2,512 203 974 150 118 191 21 469 47 75 82 38 144 U S Government a^d Agency securities 99,727 4,877 25,118 5,340 8,008 8,730 4,050 15,748 4,349 2,046 4,323 5,174 11,964 Total collateral 114,957 6,107 29,025 6,257 9,159 10,171 4,640 18,195 5,067 2,380 5,028 5,778 13,150 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