H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and rfuRttf;.- Condition Statement of F.R. Banks H.4.1 For immediate release May 17, 1979 Averages of da ily fig; ures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, May 16, May 9, 1 May 17, May 16, and related items 1979 1979 1 1978 1979 Reserve Bank credit: (In millions of dollars) U.S. Government securities-- Bought outright—System account _1/ 106,384 + 721 +4,433 2/104,681 Held under repurchase agreements -- -- -1,190 -- Federal Agency obligations-- __ Bought outright 7,434 - 466 7,434 Held under repurchase agreements -- -- - 542 -- Acceptances— Bought outright Held under repurchase agreements -- — - 411 -- Loans-- Total member bank borrowing 1,758 + 269 + 892 1,910 Includes seasonal borrowing of: 164 + 1 + 71 153 Other borrowing Float 6,105 - 969 +1,739 7,575 Other F.R. assets 6,641 - 143 +3,983 6,090 Total Reserve Bank credit 128,323 - 120 +8,438 127,690 Gold Stock 11,354 - 54 - 364 11,354 Special Drawing Rights certif. acct. 1,300 -- + 50 1,300 Treasury currency outstanding 12,221 + 12 + 684 12,225 153,198 - 162 +8,808 152,569 Currency in circulation * 114,320 + 435 +9,805 114,586 Treasury cash holdings * 400 + 23 + 18 400 Treasury deposits with F.R. Banks 3,208 - 926 -3,381 3,398 Foreign deposits with F.R. Banks 241 - 61 - 42 245 Other deposits with F.R. Banks 617 - 37 + 2 569 Other F.R. liabilities and capital 4,234 + 206 + 352 4,290 123,019 - 361 +6,753 123,488 Member bank reserves: With Federal Reserve Banks 30,179 + 199 +2,055 29,081 Currency and coin 10,328 - 207 + 1,136 10,328 Total reserves held 2_l 40,632 - 8 +3,237 39,534 Required reserves 40,391 - 148 +3,002 40,391 Excess reserves _3/ 241 + 140 + 235 857 NOTE: A net of $22 million of surplus reserves were eligible to be carried forward from the week ended May 9, into the week ending May 16. On May 16,1979, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $80,003 million, a decrease of $1,771 million for the week. _1/ Net of $2,458 million, daily average, matched sale-purchase transactions out standing during the latest statement week, of which $954 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. Government securities. 2/ Net of $4,161 million matched sale-purchase transactions, outstanding at the end of the latest statement week of which $1,567 million was with foreign official and international accounts. Includes $64 million securities loaned--fully secured by U.S. Government securities. J3/ 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

H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of ars) Wednesday Change since May 16, May 9, May 17, A S S E TS 1979 1979 1978 ,.. J Gold certificate account 11,354 - 28 - 364 Special Drawing Rights certif. acct. 1,300 — + 50 Coin 409 + 9 + 113 Loans 1,910 - 461 + 488 Acceptances—Bought outright Held under repurchase agreements Federal Agency obligations—Bought outright 7,434 461 Held under repurchase agreements 1/ U.S. Government securities: Bought outright--Bills 36,662 690 65 Certificates Notes 54,462 - 200 + 2,407 Bonds 13,557 + 200 + 2,890 Total bought outright 2/ 104,681 + 690 + 5,362 Held under repurchase agreements 1/ — — Total U.S. Government securities 104,681 + 690 + 5,362 Total loans and securities 114,025 ir ~725 + 5,389 Cash items in process of collection (2,805) 15,005 +2 ,206 + 2,166 Bank premises 397 — + 9 Other assets 3/ L693 - 713 + .3i.S45 TOTAL ASSETS (2,805) 148.183 +i .703 +11.308 L I A B I L I T I ES Federal Reserve notes 103,170 + 117 + 9,334 Deposits: Member bank-reserves account 29,081 - 293 + 2,195 U.S. Treasury—general account 3,398 + 454 - 1,107 Foreign 245 - 37 + 13 Other 569 - 158 8 Total deposits 33,293 - 34 + 1,093 Deferred availability cash items (2,805) 7,430 +i ,417 + 396 Other liabilities and accrued dividends 4/ 1,661 + 29 + 313 TOTAL LIABILITIES (2,805) 145,554 +i ,529 +11,136 C A P I T AL A C C O U N TS Capital paid in 1,115 — 2 + 64 Surplus 1,078 — + 49 Other capital accounts 436 + 176 + 59 * 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. 2/ Net of $4,161 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. 3J 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 16, 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 1,840 2,734 - 588 202 +202 16 days to 90 days 70 15,784 + 635 442 -202 91 days to 1 year 33,599 +5,365 937 — Over 1 year to 5 years 28,571 -5,272 3,507 __ Over 5 years to 10 years 12,225 + 350 1,571 Over 10 years 11,768 + 200 775 __ Total 1,910 104,681 + 690 7,434 _- Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OP EACH FEDERAL RESERVE BANK ON MAY 1.6, 1979 New Phila- Cleve- Rich St. Minne«=* Kansas San 1 Total i Boston York delphia land 1 mon.d Atlanta Chicago _LoHJ-3 anolis City Dallas Francisco (In millions of dollars) A S S E TS Gold certificate account 11,354 837 2,834 924 801 958 475 1,756 474 231 473 501 1,090 Special Drawing Rights certif. acct. i i>3oo 67 330 69 112 116 51 215 55 28 48 57 152 Coin 409 27 26 26 48 40 37 25 27 24 55 25 49 Loans 1,910 40 596 195 88 230 165 120 58 76 75 22C) 47 Acceptances: Bought outright -- — — — — — — -- — — -- -- -- Held under repurchase agreements -- -- — — — — -- -- — _- -- — -- Federal Agency obligations— Bought outright 7,434 360 1,832 356 597 609 308 1,180 316 165 328 405 978 Held under repurchase agreements 1/ -- — -- — — — — — — — — — — U.S. Government securities: Bought outright— Bills 36,662 1,773 9,037 1,753 2,945 3,003 1,519 5,818 1,560 815 1,619 1,997 4,823 Certificates -- — — — — -- — — — -- — --. Notes 54,462 2,634 13,424 2,604 4,375 4,460 2,257 8,643 2,317 1 ,211 2,404 2,968 7,165 Bonds 13,557 656 3,342 648 1,089 1,110 562 2,151 577 301 598 739 1,784 Total bought outright 2/ 104,681 5,063 25,803 5,005 8,409 8,573 4,338 16,612 4,454 2 ,327 4,621 5,704 13,772 Held under repurchase agreements 1/ -- -- — — — — — — -- -_ -- --• -- Total U.S. Government securities 104,681 5,063 25,803 5,005 8,409 8,573 4,338 16,612 4,454 2 ,327 4,621 5,704 13,772 Total loans and securities 114,025 5,463 28,231 5,556 9,094 9,412 4,811 17,912 C828 2 ,568 5,024 6,329 14,797 Cash items in process of collection 17,810 588 2,490 658 955 2,649 2,055 2,240 749 650 1,511 918 2,347 Bank premises 397 106 10 55 23 80 25 16 13 28 19 12 10 Other assets 3/ 5,693 189 1,369 325 428 406 426 794 180 158 224 309 885 Interdistrict settlement account -0- - 379 +1,746 - 857 + 41 + 295 - 350 - 649 82 - 248 + 59 + 369 + 55 TOTAL 150,988 6,898 37,036 6,756 11,502 13,956 7,530 22,309 6,244 3 ,439 7,413 8,520 19,385 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 $4,161 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 MAY 16, 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 103,170 5,323 26,454 5,134 8,498 9,491 3,500 17,043 4,555 1,872 4,518 5,226 11,556 Deposits: Member bank reserves 29,081 905 7,167 904 1,898 1,620 2,132 3,187 871 744 1,328 2,245 6,080 U.S. Treasury—general account 3,398 168 690 276 239 128 289 533 178 149 243 174 331 Foreign 245 9 1/ 37 12 24 15 21 42 8 9 12 16 40 Other 569 480 11 11 52 3 1 1 2 3 15 Total deposits 33,293 1,082 8,374 1,192 2,162 1,774 2,494 3,765 1,058 903 1,585 2,438 6,^66 Deferred availability cash items 10,235 334 1,209 245 501 2,367 1,237 861 478 549 1,131 617 706 Other liabilities and accrued dividends 1/ 1,661 74 340 77 122 175 116 244 68 36 68 86 255 TOTAL LIABILITIES 148,359 6,813 36,377 6,648 11,283 13,807 7,347 21,913 6,159 3,360 7,302 8,367 18 3 983 CAPITAL ACCOUNTS Capital paid in 1,115 33 280 44 93 59 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 1 436 19 99 20 34 33 18 67 18 10 18 25 75 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 150,988 6,898 37,036 6,756 11,502 13,956 7,530 22,309 6,244 3,439 7,413 8,520 19,385 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 115,982 6,320 29,258 5,965 9,094 10,363 5,053 18,321 5,035 2,341 5,064 5,888 13,280 Collateral for F.R. notes: Gold certificate account 11,354 837 2,834 924 801 958 475 1,756 474 231 473 501 1,090 Special Drawing Rights certif. acct. 1,300 67 330 69 112 116 51 215 55 28 48 57 152 Eligible paper 1,742 35 546 158 88 228 143 111 54 60 71 210 38 U.S. Government and agency securitie j 101,586 5,381 25,548 4,814 8,093 9,061 4,384 16,239 4,452 2 S 022 4,472 5,120 12,000 Total collateral 115,982 6,320 29,258 5,965 9,094 10,363 5,053 18,321 5,035 2,341 5,064 5,888 13,280 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