H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and ••.fSLRE*V Condition Statement of F.R. Banks H.4.1 For immediate release May 24, 1979 Averages of daily figures Member bank reserves, Week ended Change from week ended Reserve Bank credit, May 23,* May 16, May 24, and related items 1979 1979 1978 Reserve Bank credit: £7 (In millions of dollars) U.S. Government securities-- Bought outright—System account 106,136 248 + 3,762 Held under repurchase agreements Federal Agency obligations-- Bought outright 7,434 461 Held under repurchase agreements Acceptances-- Bought outright Held under repurchase agreements Loans-- Total member bank borrowing 1,703 - 55 + 1,002 2,076 Includes seasonal borrowingg ooff: 172 + 8 + 69 178 Other borrowing Float 6,697 + 590 + 2,711 6,630 Other F.R. assets 5,988 - 653 + 3,741 6,078 Total Reserve Bank credit 127,957 - 368 +10,753 126,227 Gold Stock 11,354 -- - 364 11,354 Special Drawing Rights certif. acct 1,300 -- + 50 1,300 Treasury currency outstanding 12,240 + 19 + 700 12,251 152,851 - 349 +11,139 151,132 Currency in circulation ** 114,168 - 195 + 9,800 114,459 Treasury cash holdings ** 400 + 43 + 18 400 Treasury deposits with F.R. Banks 2,960 - 248 - 1,452 3,259 Foreign deposits with F.R. Banks 252 + 11 Other deposits with F.R. Banks Other F.R. liabilities and capital Member bank reserves: With Federal Reserve Banks Currency and coin Total reserves held 3/ Required reserves Excess reserves 3/ NOTE: A net of $119 million of surplus reserves were eligible to be carried forward from the week ended May 16, into the week ending; May 23. On May 23, 1979, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $78,151 million, a decrease of $1,852 million for the week. Net of $2,707 million, daily average, matched sale-purchase trans actions outstanding during the latest statement week, of which $1,242 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. Government securities. Net of $4,834 million matched sale-purhcase transactions out standing at the end of the latest statement week,of which $1,494 million was with foreign official and international accounts. Includes $73 million securities loaned--fully secured by U.S. Government securities. Adjusted to include $123 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. * Estimated (San Francisco District). ** Estimated (Treasuryfs figures). i Wednesday May 23,* 1979 2/ 104,009 7,434 218 569 - 48 34 646 4,341 + 107 + 395 4,372 122,690 - 329 + 8,726 ! 123,354 30,161 - 20 + 2,413 27,778 9,378 - 950 + 739 9,378 39,662 - 972 + 3,197 37,279 39,611 - 780 + 3,393 ] 39,611 51 - 192 196 -2,332 1/ 2/ 3/ Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1^ CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since May 23, May 16, May 24, A S S E TS **1979 1979 1978 Gold certificate account * 11,354 -- - 364 Special Drawing Rights certif. acct. 1,300 -- + 50 Coin 417 + 8 + 121 Loans . 2,076 + 166 +1,312 Acceptances--Bought outright Held under repurchase agreements Federal Agency obligations—Bought outright 7,434 - 461 Held under repurchase agreements J7 U.S. Government securities: Bought outright--Bills 35,990 672 -4,823 Certificates Notes 54, 462 -- +2 ,407 Bonds Total bought outright 2/ Held under repurchase agreements 1/ Totlal U.S. Government securities Total loans and securities Cash items in process of collection (2,330) Bank premises Other assets \j TOTAL ASSETS (2,330) r-4 333,,,555555777 -- ±±11 ,890 104,,, 000000999 - 672 ++ 474 104 000000??? - 672 + 474 113 519 - 506 +1 ,325 12 476 -2,529 +1 ,367 397 -- + 9 5;6 81 12 +3 ,756 145, 144 -3,039 +6 ,264 L I AS I . i Ti ES Federal Reserve notes 103,025 - 145 +9,219 Deposits: Member bank-reserves account 27,778 -1,303 -1,912 U.S. Treasury—general account 3,259 - 139 -1,299 Foreign 218 27 1 Other 646 + 77 + 27 Total deposits 31,901 -1,392 -3,185 Deferred availability cash items (2,330) 5,846 -1,584 - 121 Other liabilities and accrued dividends 4/ 1,576 85 + 140 TOTAL LIABILITIES (2,330) 142,348 -3,206 +6,053 C A P I T AL A C C O U N TS Capital paid in 1,117 + 64 Surplus 1,078 + 49 Other capital accounts 601 165 + 98 * Figures in parentheses are the eliminations made in the consolidating process ** Estimated (San Francisco 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 $-0- million was outstanding at the end of the latest statement week. 2/ Net of $4,834 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $73 million securities loaned-fully secured by U.S. Government 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 23» 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 chanWges changes Within 15 days 2,032 —4,U42 +1,31 Z5T" T5T 16 days to 90 days 44 16,069 + 285 391 -51 91 days to 1 year 31,333 -2,266 937 Over 1 year to 5 years 28,572 + 1 3,507 Over 5 years to 10 years 12,225 1,571 Over 10 years 11.768 775 Total 2,076 104,009 672 7,434 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 MAY 23, 1979 New Phila- Cleve- Rich St. Minne- Kansas San* Total Boston York delphia land 1 mond Atlanta Chicago Louis apolis City Dallas Francisco (In millions of dollars) A S S E TS Gold certificate account 11,354 837 2,834 924 801 1,048 475 1,756 474 231 473 501 1,000 Special Drawing Rights certif. acct. 1,300 67 330 69 112 116 51 215 55 28 48 57 152 Coin 417 26 29 25 49 42 40 22 31 24 54 26 49 Loans 2,076 98 454 111 32 181 196 412 67 117 99 199 110 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 35,990 1,740 8,871 1,721 2,892 2,948 1,491 5,712 1,532 800 1,589 1,960 4,734 Certificates "" 1 -- -- -- -- -- -- -- -- -- -- -- -- 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 1 656 3,342 648 1,089 1,110 562 2,151 577 301 598 739 1,784 Total bought outright 2/ 104,009 5,030 25,637 4,973 8,356 8,518 4,310 16,506 4,426 2,312 4,591 5,667 13,683 Held under repurchase agreements 1/ -- 1 -- -- -- -- -- -- -- -- -- -- -- -- Total U.S. Government securities j 104,009, 5,030 25,637 4,973 8,356 8,518 4,310 16,506 4,426 2,312 4,591 5,667 13,683 Total loans and securities 113,519 5,488 27,923 5,440 8; 985 9,308 4,814 18,098 4,809 2,594 5,018 6,271 14,77L Cash items in process of collection 14,806 419 1,802 530 817 2,078 1,593 1,781 648 833 1,299 878 2,128 Bank premises 397 106 10 55 23 80 25 16 13 28 19 12 10 Other assets 3/ 5,681 194 1,407 260 448 337 409 802 178 167 228 316 935 Interdistrict settlement account -0- - 367 + 861 - 725 + 79 + 294 - 244 - 514 - 117 - 584 + 253 + 16 +1,048 TOTAL 147,474 6,770 35,196 6,578 11,314 13,303 7,163 22,176 6,091 3,321 7,392 8,077 20,093 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 $4,834 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $73 million securities loaned--fully secured by U.S. Government securities. 3/ Includes assets denominated in foreign currencies; revalued monthly at market exchange rates. * Estimated (San Francisco District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON May 23, 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 103,025 5,317 26,546 5,128 8,485 9,420 3,372 17,073 4,542 1,872 4,521 5,222 11,527 DDDeeepppooosssiiitttsss::: 27,778 774 5,594 .921 1,730 1,501 2,174 3,267 853 702 1,489 1,870 6,903 MMMeeemmmbbbeeerrr bbbaaannnkkk rrreeessseeerrrvvveeesss 3,259 194 604 113 307 234 283 380 135 125 182 141 561 UUU...SSS... TTTrrreeeaaasssuuurrryyy———gggeeennneeerrraaalll aaaccccccooouuunnnttt FFFooorrreeeiiigggnnn 218 9 10 12 24 15 21 42 8 9 12 16 40 646 554 1 15 42 4 1 2 2 10 15 OOOttthhheeerrr 31,901 977 6,762 1,046 2,062 1,765 2,520 3,693 997 838 1,685 2,037 7,519 TTToootttaaalll dddeeepppooosssiiitttsss 8,176 310 859 212 413 1,830 988 736 395 491 1,002 572 368 DDDeeefffeeerrrrrreeeddd aaavvvaaaiiilllaaabbbiiillliiitttyyy cccaaassshhh iiittteeemmmsss Other liabilities and accrued 1,576 73 329 75 120 124 93 251 64 37 66 83 261 dividends ^ TOTAL LIABILITIES 144,678 6,677 34,496 6,461 11,080 13,139 6,973 21,753 5,998 3,238 7,274 7,914 19,675 CAPITAL ACCOUNTS Capital paid in 1,117 33 280 45 94 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 601 27 140 28 48 48 25 94 26 14 25 35 91 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 147,474 6,770 35,196 6,578 11,314 13,303 7,163 22,176 6,091 3,321 7,392 8,077 20,093 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding Collateral for F.R. notes: 116,400 6,305 29,529 5,945 9,130 10,363 4,993 18,419 5,037 2,370 5 ,109 5,886 13,314 Gold certificate account 11,354 837 2,834 924 801 1,048 475 1,756 474 231 473 501 1,000 Special Drawing Rights certif. acct. 1,300 67 330 69 112 116 51 215 55 28 48 57 152 Eligible paper 1,823 88 367 105 32 153 175 407 57 101 94 174 70 U.S. Government securities 101,923 5,313 25,998 4,847 8,185 9,046 4,292 16,041 4,451 2,010 4 ,494 5,154 12,092 Total collateral 116,400 6,305 29,529 5,945 9,130 10,363 4,993 18,419 5,037 2,370 5 ,109 5,886 13,314 1/ Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. * Estimated (San Francisco District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis