H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and '""f^LR**. Condition Statement of F.R. Banks H.4.1 For immediate Telease May 3, 1979 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, May 2, April 25, I May 3, May 2, and related items 1979* 1979 197E 1979* Reserve Bank credit: (In millions of dollars) U.S. Government securities-- 1/ 2/ Bought outright—System account 106,473 - 159 + 3,629 105,231 Held under repurchase agreements 380 - 255 - 576 Federal Agency obligations-- Bought outright 7,464 - 465 7,464 Held under repurchase agreements 164 18 67 Acceptances-- Bought outright Held under repurchase agreements 122 73 128 Loans-- Total member bank borrowing 1,217 + 227 - 447 1,672 Includes seasonal borrowing of: 164 + 25 + 103 168 Other borrowing Float 6,975 + 462 + 2,777 9,099 Other F.R. assets 6,718 -_ 156 +_3 ,550 6,592 Total Reserve Bank credit 129,512 + 64 + 8,272 130,058 Gold Stock 11,417 - 1 - 301 11,416 Special Drawing Rights certif. acct. 1,300 -- + 50 1,300 Treasury currency outstanding 12,202 ±_ 22 +_ 699 12,205 154,432 + 86 + 8,721 154,979 Currency in circulation ** 113,230 _ 262 + 9,829 113,724 Treasury cash holdings ** 393 - 8 + 10 400 Treasury deposits with F.R. Banks 3,398 - 219 - 4,720 4,569 Foreign deposits with F.R. Banks 296 + 46 - 175 304 Other deposits with F.R. Banks 759 + 110 + 29 687 Other F.R. liabilities and capital 4,607 +_ 101 +_ 599 4,028 122,683 - 233 + 5,572 123,712 Member bank reserves: With Federal Reserve Banks 31,749 + 319 + 3,149 31,268 Currency and coin 9,964 + 647 +_ 717 9,964 Total reserves held _3/ 41,838 + 966 + 3,915 41,357 Required reserves 41,654 + 938 + 4,046 41,654 Excess reserves 3/ 184 + 28 - 131 - 297 NOTE: A net of $88 million of surplus reserves were eligible to be carried forward from the week ended April 25, into the week ending May 2. On May 2, 1979, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $83,902 million a decrease of $2,055 million for the week. 1/ Net of $2,620 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $2,095 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. Government securities. 2/ Net of $3,862 million matched sale-purchase transactions out standing at the end of the latest statement week, of which $1,837 million was with foreign official and international accounts. Includes $138 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 and Richmond Districts). ** 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 May 2, April 25, May 3, A S S E TS 1979** 1979 1 1978 Gold certificate account 11,416 2 - 302 Special Drawing Rights certif. acct. 1,300 + 50 Coin 392 1 + 81 Loans 1,672 + 145 -1,164 Acceptances--Bought outright Held under repurchase agreements - 575 - 464 Federal Agency obligations--Bought outright 7,464 - 465 Held under repurchase agreements J7 -- - 631 - 864 U.S. Government securities: Bought outright--Bills 37,212 - 590 -3,099 Certificates Notes 54,662 — +++222,,,111555222 Bonds 13,357 +++333,,,666666444 Total bought outright 2/ 105,231 -- 559900 +++222,,,777111777 Held under repurchase agreements 1/ --22,,119955 ---222,,,888444222 Total U.S. Government securities 105,231 --22,,778855 --- 111222555 Total loans and securities 114,367 --33,,884466 ---333,,,000888222 Cash items in process of collection (2,537)) 17,117 ++22,,887777 +++444,,,222555666 Bank premises 397 +++ 111000 Other assets 3./ 6,195 - 447 +3,430 TOTAL ASSETS* (2,537)) 151,184 -1,419 +4,443 L I A B I L I T I ES Federal Reserve notes 102,310 + 41 +9,165 Deposits: Member bank-reserves account 31,268 -2,355 - 327 U.S. Treasury--general account 4,569 + 502 -5,678 Foreign 304 + 29 - 164 Other 687 5 - 25 Total deposits 36,828 -1,829 -6,194 Deferred availability cash items (2,537) 8,018 + 973 +1,076 Other liabilities and accrued dividends 4/ 1,682 - 101 + 219 TOTAL LIABILITIES (2,537) 148,838 916 +4,266 C A P I T AL A C C O U N T^ Capital paid in 1,116 + 67 Surplus 1,078 + 49 Other capital accounts 152 503 + 61 Figures in parentheses are the eliminations made in the consolidating process. Estimated (Cleveland and Richmond Districts). 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. 2/ Net of $3,862 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $138 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, MAY 2, 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 1,582 3,711 -1,823 30 -663 16 days to 90 days 90 16,230 -2,214 604 -- 91 days to 1 year 28,004 +1,533 977 + 32 Over 1 year to 5 years 33,843 - 281 3,507 -- Over 5 years to 10 years 11,875 -- 1,571 — Over 10 years 11,568 — 775 —' Total 1,672 105,231 -2,785 7,464 -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 HAY 2, 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, 416 587 3,046 924 801 958 475 1,756 474 231 473 501 1,190 Special Drawing Rights certif. acct. 1 300 67 330 69 112 116 51 215 55 28 48 57 152 Coin 392 26 21 25 48 38 34 25 28 24 55 22 46 Loans 1 672 210 290 94 39 50 84 154 148 74 77 33 419 Acceptances: Bought outright Held under repurchase agreements 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/ U.S. Government securities: Bought outright — Bills 37,212 1,800 9,173 1,779 2,990 3,047 1,542 5,905 1,583 827 1,642 2,028 4,896 Certificates Notes 54,662 2,644 13,473 2,614 4,391 4,477 2,265 8,675 2,326 1,215 2,413 2,978 7,191 Bonds 13,357 646 3,292 639 1^073 1,094 553 2,120 568 297 590 728 JL,757_ Total bought outright 2/ 105,231 5,090 25,938 5,032 8,454 8,618 4,360 16,700 4,477 2,339 4,645 5,734 13,844 Held under repurchase agreements J7 Total U.S. Government securities 105,231 5,090 25,938 5,032 8,454 8,618 4,360 16,700 4,477 2,339 4,645 5,734 13,844 Total loans and securities 114, 367 5,661 28,068 5,483 9,093 9,279 4,753 18,038 4,943 2,579 5,051 6,174 15,245 Cash items in process of collection 19, 645 400 2,171 1,539 953 2,786 2,078 2,011 1,116 985 1,6 51 1,228 2,736 Bank premises 397 106 10 55 23 80 25 16 13 28 19 12 10 Other assets 2/ 6 ,195 233 1,482 344 485 403 432 917 210 175 260 365 889 Interdistrict settlement account -0- 19 +1,339 -2,089 306 h 229 - 466 + 199 - 220 - 531 + 299 h 884 h 69 TOTAL 153,721 7,061 36,467 6,350 11,821 13,889 7,382 23,177 6,619 3,519 7,856 9,243 20,337 17 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 $3,862 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $138 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 and Richmond Districts). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESEP.VE BANK OH May 2, 1979 H.4.1(c) Phila * St. Minne Kansas San Total Boston New York delphia Cleveland Richmond Atlanta Chicago Louis apolis City Dallas Francisco ((IInn mmiilllliioonnss ooff ddoollllaarrss)) L I A B I L I T I ES Federal Reserve notes 102,310 5,259 26,307 5,104 8,509 99,,336666 33,,228811 1177,,007711 4444,,,,555555557777 1111,,,,888866664444 4444,,,,444444441111 ^^^^ 5555,,,,111144447777 11,404 Deposits: Member bank reserves 31,263 954 6,755 644 2,278 11,,446633 22,,118888 44,,006677 999999993333 888800008888 1111,,,,444444449999 2222,,,,777799992222 6,877 U.S. Treasury—general account 4,569 369 958 130 120 222222 446633 555544 111155553333 111122221111 666600003333 333388889999 487 Foreign 304 9 96 12 24 1155 2211 4422 8888 9999 11112222 11116666 40 Other 687 1 591 2 1166 4466 66 2222 1111 2222 11110000 10 Total deposits 36,828 1,333 8,400 788 2,422 11,,771166 22,,771188 "" 44,,666699 1111,,,,111155556666 999933339999 2222,,,,000066666666 3333,,,,222200007777 7,414 Deferred availability cash items 10,555 325 859 290 571 22,,448811 11,,110088 8822** 777766669999 666600006666 1111,,,,111188886666 666666669999 867 Other liabilities and accrued dividends 1/ 1,682 76 328 76 128 114422 110055 227711 66666666 33339999 66668888 88886666 297 TOTAL LIABILITIES 151,375 6,993 35,894 6,258 1111,,663300 1133,,770055 77,,221122 2222,,883355 6666,,,,555544448888 3333,,,,444444448888 7777,,,,777766661111 9999,,,,111100009999 19,982 CAPITAL ACCOUNTS Capital paid in 1,116 33 280 45 9944 5588 8844 116677 33334444 33335555 44447777 66665555 174 Surplus 1,078 33 280 44 9922 5577 8811 116633 33333333 33334444 44446666 66663333 152 Other capital accounts 152 ! 2 13 3 55____ 6699 55 1122 4444 2222 2222____ 6666____ 29 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 153,721 7,061 36,467 6,350 1111,,882211 1133,,888899 77,,338822 2233 117777 6666,,,,666611119999 3333,,,,555511119999 7777,,,,888855556666 9999,,,,222244443333 20,337 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 115,868 6,246 29,085 6,418 9,146 10,288 4,883 18,356 5 ,036 2 348 5,014 5,850 13,198 Collateral for F.R. notes: Gold certificate account 11,416 587 3,046 924 801 958 475 1,756 474 231 473 501 1,190 Special Drawing Rights certif. acct. 1,300 67 330 69 112 116 51 215 55 28 48 57 152 Eligible paper 1,284 198 154 74 39 38 81 145 126 65 71 31 262 U.S. Government and Agency securities 101,868 5,394 25,555 5,351 8,194 9,176 4,276 16,240 4 381 2 024 4,422 5,261 11,594 Total collateral 115,868 6,246 29,085 6,418 9,146 10,288 4,883 18,356 5 ,036 2 348 5,014 5,850 13,198 \_l Tncludes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. * Estimated (Cleveland and Richmond Districts). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis