H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Bartfcs H.4.1 For immediate release April 26, 1979 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, April 25, April 18, 1 APr• il 26, | April 25, and related items 1979 1979 1 1978 1979 Reserve Bank credit: (In millions of dollars) U.S. Government securities-- Bought outright—System account - 106,632 + 984 + 4,404 -^05,821 Held under repurchase agreements 635 + 635 + 411 2,195 Federal Agency obligations-- Bought outright 7,464 ._ _ 465 7,464 Held under repurchase agreements 146 + 146 + 108 631 Acceptances— Bought outright 195 + 195 + 164 575 Held under repurchase agreements Loans— Total member bank borrowing 990 + 40 + 181 1,527 Includes seasonal borrowing of: 139 + 13 + 90 143 Other borrowing Float 6,548 - 912 + 2,326 7,195 Other F.R. assets 6,874 - 37 + 3,877 7,039 Total Reserve Bank credit 129,483 + 1,050 +11,006 132,447 Gold Stock 11,418 -- - 300 11,418 Special Drawing Rights certif. acct. 1,300 -- + 50 1,300 Treasury currency outstanding 12,180 + 13 + 668 12,183 154,381 + 1,064 +11,424 157,348 Currency in circulation 113,492 - 484 +10,241 j 113,659 Treasury cash holdings 401 + 7 + 13 400 Treasury deposits with F.R. Banks 3,617 + 1,545 - 2,704 4,067 Foreign deposits with F.R. Banks 250 - 73 - 89 ! 275 Other deposits with F.R. Banks 649 - 29 - 123 1 692 Other F.R. liabilities and capital 4,506 + 204 + 712 4,632 122,916 + 1,170 + 8,051 123,725 Member bank reserves: With Federal Reserve Banks 31,465 _ 106 + 3,372 ' 33,623 Currency and coin 9,317 - 338 + 523 I 9,317 Total reserves held .3/ 40,907 - 444 + 3,944 1 43,065 Required reserves 40,716 - 424 + 3,696 ! 40,716 Excess reserves 3/ 191 - 20 + 248 2,349 NOTE: A net of $103 million of surplus reserves were eligible to be carried forward from the week ended April 18,into the week ending April 25. On April 25, 1979 marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $85,957 million, a decrease of $42 million for the week. 1/ Net of $2,280 million, daily average, matched sale-purchase transactions out standing during the latest statement week, of which $2,204 million was with foreign official and international accounts. Includes securities loaned— fully secured by U.S. Government securities. 2/ Net of $3,273 million matched sale-purchase transactions outstanding at the end of the latest statement week,of which $2,739 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 (Treasury's figures). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

;pr,4.i<£«} CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since April 25, April 18, April 26, A S S E TS 1979 1979 1978 | Gold certificate account 11,418 - 300 Special Drawing Rights certif• acct. * 1,300 — + 50 Coin 393 + 12 + 85 Loans 1,527 -1,644 - 237 Acceptances--Bought outright Held under repurchase agreements 575 + 575 + 359 Federal Agency obligations—Bought outright 7,464 — - 465 Held under repurchase agreements 1/ 631 + 631 + 368 U.S. Government securities: Bought outright—Bills 37,802 +1,356 - 2*352 Certificates Notes 54,662 —. + 2,152 Bonds 13,357 — ++__ 3,664 Total bought outright £/ 105,821 +1,356 ++ 3,464 Held under repurchase agreements If 2,195 +2,195 + 629 Total U.S. Government securities 108,016 +3,551 + 4,093 Total loans and securities 118,213 +3,113 + 4,118 Cash items in process of collection (2,332) 14,240 -2,179 + 2,948 Bank premises 397 — + 11 Other assets 3/ 6,642 + 21 + 4,045 TOTAL ASSETS (2,332) 152,603 + 967 +_1 0,957 L I A B I L I T I ES Federal Reserve notes 102,269 - 507 + 9,572 Deposits: Member bank-reserves account 33,623 +3,196 + 5,373 U.S. Treasury—general account 4,067 - 801 - 4,662 Foreign 275 + 23 - 185 Other 692 + 10 - 104 Total deposits 38,657 +2,428 + 422 Deferred availability cash items (2,332) 7,045 -1,222 + 210 Other liabilities and accrued dividends4/ 1,783 + 91 + 496 TOTAL LIABILITIES "(2,332) 149,754 + 790 + 10,700 C A P I T AL A C C O U N TS Capital paid in 1,116 + 3 + 67 Surplus 1,078 — + 49 Other capital accounts 655 + 174 + 141 * Figures in parentheses are the eliminations made in the consolidating process. If 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 $3,273 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $64 million securities loaned— fully secured by U.S. Government securities. 3f Includes assets denominated in foreign currencies. Beginning December 29, 1978, such assets are revalued monthly at market exchange rates. 4/ Includes exchange-translation account reflecting, beginning December 29, 1978, the monthly revaluation at market exchange rates of foreignexchange commitments. MATURITY DISTRIBUTION: OF LOANS AND SECURITIES. April 25, 1979 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) U.S. Government Federal Agency Loans Accept securities obligations ances Holdings Weekly Holdings Weekly changes changes Within 15 days 1,492 575 5,534 +1,320 693 +576 16 days to 90 days 35 18,444 +2,950 604 + 7$ 91 days to 1 year 26,471 - 719 945 - 41 Over 1 year to 5 years 34,124 — 3,507 + 21 Over 5 years to 10 years 11,875 — 1,571 + 35 Over 10 years 11.568 — 777755 - 35 Total 1,527 575 108,016 +3,551 88,,009955 +631 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 25, 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 11,418 587 3,047 844 881 958 475 1,756 474 232 473 501 1,190 Special Drawing Rights certif. acct. 1,300 67 330 69 112 116 51 215 55 28 48 57 152 Coin 393 26 19 25 56 37 35 25 27 21 55 22 45 Loans 1,527 209 112 78 14 50 83 146 56 50 63 115 551 Acceptances: Bought outright Held under repurchase agreements 575 575 Federal Agency obligations— Bought outright 7,464 361 1,840 357 600 611 309 1,184 318 166 329 407 982 Held under repurchase agreements 1/ 631 631 U.S. Government securities: Bought outright— Bills 37,802 1,828 9,318 1,807 3,037 3,096 1,567 5,998 1,609 840 1,668 2,060 4,974 Certificates Notes 54,662 2,644 13,473 2,614 4,391 4,477 2,265 8,675 2,326 1,215 2,41.3 2,978 7,191 Bonds 13,357 646 3,292 639 1,073 1,094 553 2,120 568 297 590 728 1,757 Total bought outright U 105,821 5,118 26,083 5,060 8,501 8,667 4,385 16,793 4,503 2,352 4,671 5,766 13,922 Held under repurchase agreements 1/ 2,195 2,195 Total U.S. Government securities 108,016 5,118 28,278 5,060 8,501 8,667 4,385 16,793 4,503 2,352 4,671 5,766 13,922 Total loans and securities 118,213 5,688 31,436 5,495 9,115 9,328 4,777 18,123 4,877 2,568 5,063 6,288 15,455 Cash items in process of collection 16,572 347 2,161 816 902 2,168 1,935 1,757 794 738 1,383 975 2,596 Bank premises 397 106 10 55 23 80 25 16 13 28 19 12 10 Other assets 1/ 6,642 240 1,490 344 490 412 476 930 215 189 262 353 1,241 Interdistrict settlement account -0- 87 -3,000 - 785 + 447 + 278 - 192 + 884 + 55 - 331 + 605 + 984 +1,142 TOTAL 154,935 6,974 35,493 6,863 12,026 13,377 7,582 23,706 6,510 3,473 7,908 9,192 21,831 ±/ 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 $3,273 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 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 25,1979 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 102,269 5,250 26,187 5,100 8,489 9,359 3,389 17,059 4,532 1,853 4,423 5,106 11,522 Deposits: Member bank reserves 33,623 972 5,928 1,014 2,413 1,588 2,526 4,886 969 822 1,541 2,589 8,375 U.S. Treasury—general account 4,067 326 526 209 178 189 355 253 225 114 707 634 351 Foreign 275 9 75 11 23 14 20 41 8 9 11 16 38 Other 692 1 598 1 19 45 4 1 2 2 6 13 Total deposits 38,657 1,308 7,127 1,234 2,615 1,810 2,946 5,184 1,203 947 2,261 3,245 8,777 Deferred availability cash items 9,377 250 967 336 564 1,899 958 794 619 553 1,041 597 799 Other liabilities and accrued dividends 1/ 1,783 71 499 72 120 143 97 240 62 36 64 82 297 TOTAL LIABILITIES 152,086 6,879 34,780 6,742 11,788 13,211 7,390 23,277 6,416 3,389 7,789 9,030 21,395 CAPITAL ACCOUNTS Capital paid in 1,116 33 280 45 94 58 84 166 34 35 47 65 175 Surplus 1,078 33 280 44 92 57 81 163 33 34 46 63 152 Other capital accounts 655 29 153 32 52 51 27 100 27 15 26 34 109 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 154,935 6,974 35,493 6,863 12,026 13,377 7,582 23,706 6,510 3,473 7,908 9,192 21,831 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 115,490 6,192 29,039 6,320 9,124 10,238 4,970 18,238 5,048 2,353 5,032 5,807 13,129 Collateral for F.R. notes: Gold certificate account 11,418 587 3,047 844 881 958 475 1,756 474 232 473 501 1,190 Special Drawing Rights certif. acct. 1,300 67 330 69 112 116 51 215 55 28 48 57 152 Eligible paper 1,117 199 112 76 14 27 83 144 48 43 55 98 218 U.S. Government and Agency securities 101,655 5,339 25,550 5,331 8,117 9,137 4,361 16,123 4,471 2,050 4,456 5,151 11,569 Total collateral 115,490 6,192 29,039 6,320 9,124 10,238 4,970 18,238 5,048 2,353 5,032 5,807 13,129 1/ Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis