H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release May 31, 1979 Averages of daily figures Member bank reserves, Week ended Change from week ended VcdnccCay Reserve Bank credit, May 23, May 31, May * and related items May 30, 1979 1979 1978 30, 1979 Reserve Bank credit: (In millions of dollars) U.S. Government securities— 1/ 2/ Bought outright—System account 105,763 . 373 + 4,140 TOG,£71 Held under repurchase agreements 237 + 237 175 830 Federal Agency obligations- Bought outright 7,425 9 470 7,423 Held under repurchase agreements 43 43 39 151 Acceptances- Bought outright Held under repurchase agreements 91 91 52 319 Loans— Total member bank borrowing 2,290 + 587 + 891 3,468 Includes- seasonal borrowing of: 199 + 27 + 84 190 Other borrowing - Float 5,949 784 + 2,710 4,235 Other F.R. assets 6 J62 + 792 + 4,320 6.328 Total Reserve Bank credit 128,560 + 584 +11,857 129,625 Gold Stock 11,354 -- 364 11,354 Special Drawing Rights certif. acct. 1,729 + 429 + 479 1,800 Treasury currency outstanding 12,256 ++ 1166 ++ 770033 12,268 153,898 ++11 ,,002299 ++1122,,667744 155,047 Currency in circulation ** .114,657 + 447 + 9,839 115,288 Treasury cash holdings •k-k 395 + 34 + 9 400 Treasury deposits with F.R. Banks 2,916 - 44 375 2,443 Foreign deposits with F.R. Banks 312 + 60 36 334 Other deposits with F.R. Banks 1,431 + 863 + 793 735 Other F.R. liabilities and capital 4,540 ++ 220000 ++ 443300 4,670 124,251 ++ 11 ,,555599 ++1100,,666611 123,870 Member bank reserves: With Federal Reserve Banks 29,648 - 530 + 2,013 31,177 Currency and coin 9,962 ++ 558844 ++ 774477 9,962 Total reserves held 39,732 ++ 5533 ++ 22,,880044 41,261 Required reserves 39,585 - 26 + 3,056 39,585 Excess reserves 147 + 79 252 1,676 NOTE: A net of $23 million of surplus reserves were eligible to be carried for ward from the week ended May 23 into the week ending May 30. On May 30, 1979, marketable U.S. Government securities hold in custody by the Fed eral Reserve Banks for foreign official and international accounts were $75,972 million, a decrease of $2,179 million for the week. JL/ Net of $3,080 million, daily average, matched sale-purchase trans actions outstanding during the latest statement week, of which $1,905 million was with foreign official and international ac counts. Includes securities loaned--fully secured by U.S. Government securities. 2/ Net of $1,972 million matched sale-purchase transactions, out standing at the end of the latest statement week of which $1,972 million was with foreign official and international accounts. Includes $83 million securities loaned--fully secured by U.S. Government securities. 3/ Adjusted to include $122 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 of dollars) Wednesday Change since May 30, May 23, May 31, .h. 1 i E T S 1979** 1979 1978 Gold certificate account 11,354 — - 364 Special Drawing Rights certif. acct. * 1,800 + 500 + 550 Coin 412 - 5 + 121 Loans 3,468 +1 ,392 + 2 ,301 Acceptances--Bought outright Held under repurchase agreements 319 + 319 + 45 Federal Agency obligations--Bought outright 7,423 - 11 - 472 Held under repurchase agreements 1/ 151 + 151 + 125 U.S. Government securities: Bought outright--Bills 38,852 +2,862 821 Certificates Notes 54,462 — + 2,407 Bonds 13,557 -- + 2,890 Total bought outright U 106,871 +2 ,862 + 4,476 Held under repurchase agreements 1/ 830 + 830 + 399 Total U.S. Government securities 107,701 +3 ,692 + 4,875 Total loans and securities 119,062 +5 ,543 + 6,874 Cash items in process of collection (6,206) 13,315 + 460 + 1,461 Bank premises 395 - 2 + 7 Other assets _3/ 5,933 + 377 + 3,735 TOTAL ASSETS (6,206) 152,271 +6,873 +12,384 L I A B I L I T I ES Federal Reserve notes 103,832 + 785 + 9,262 Deposits: Member bank-reserves account 31,177 +3,399 + 1,042 U.S. Treasury—general account 2,443 - 816 + 45 Foreign 334 + 116 - 120 Other (3,542) 735 + 93 + 75 Total deposits (3,542) 34,689 +2,792 + 1,042 Deferred availability cash items (2,664) 9,080 +2,990 + 1,645 Other liabilities and accrued dividends TOTAL LIABILITIES (6,206) 149,320 +6,725 +12,154 C A P I T AL A C C O U N TS Capital paid in 1,123 + 6 + 70 Surplus 1,078 — + 49 Other capital accounts 750 + 142 + 111 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 $1,972 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $83 million securities loaned— fully secured by U.S. Government securities. 3/ Includes assets denominated in foreign currencies. Beginning Decmeber 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. Estimated (Cleveland District). MATURITY DISTRIBUTION: OF LOANS AND SECURITIES. MAY 30, 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 3,439 1W 3,601 3S3T +TJ7 16 days to 90 days 29 19,267 +3,198 357 - 34 91 days to 1 year 32,268 + 935 793 -144 Over 1 year to 5 years 28,572 3,776 +269 Over 5 years to 10 years 12,225 1,488 - 83 Over 10 years 11,768 775 Total 3,468 319 107,701 +3,692 7,574 +140 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 30, 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 11,354 837 2,834 924 801 1,158 475 1,756 474 231 473 501 890 Special Drawing Rights certif. acct. 1,8 00 93 459 91 149 161 64 300 79 32 75 86 211 Coin 412 26 26 23 48 42 39 25 32 24 53 26 48 Loans 3,468 141 720 325 141 117 186 890 214 83 109 252 290 Acceptances: Bought outright -- -- -- -- -- -- -- — — — -- __ Held under repurchase agreements 319 — 319 -- -- -- -- __ "~ ~~ __ — -"• Federal Agency obligations— Bought outright 7,423 359 1,830 355 596 608 307 1,178 316 165 328 404 977 Held under repurchase agreements 1/ 151 -- 151 -- -- -- -- -- -- ~~ "~ **~ ~~ U.S. Government securities: Bought outright— Bills 38,852 1,879 9,576 1,858 3,121 3,182 1,610 6,166 1,653 864 1,716 2,116 5,111 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 V 106,871 5,169 26,342 5,110 8,585 8,752 4,429 16,960 4,547 2,376 4,718 5,823 14,060 Held under repurchase agreements 1/ 830 -- 830 -- — -- -- ._ -- -- — — _• Total U.S. Government securities 107,701 5,169 27,172 5,110 8,585 8,752 4,429 16,960 4,547 2,376 4,718 5,823 14,060 Total loans and securities 119,062 5,669 30,192 5,790 9,322 9,477 4,922 19,028 5,077 2,624 5,155 6,479 15,327 Cash items in process of collection 19,521 980 1,941 705 706 3,359 2,384 2,271 707 1,278 1,717 1,385 2,088 Bank premises 395 105 10 54 23 80 25 16 13 28 19 12 10 Other assets 37 5,933 204 1,496 262 455 367 413 835 189 161 230 374 947 Interdistrict settlement account -0- - 180 + 883 - 972 18 4- 55 - 682 +1,090 16 + 105 40 + 72 - 297 TOTAL 158,477 7,734 37,841 6,877 11,486 14,699 7,640 25,321 6,555 4,483 7,682 8,935 19,224 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 $1,972 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $83 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 District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON May 30, 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 103,832 5,351 26,782 5,173 8,523 9,479 3,394 17,196 4,583 1,885 4,556 5,262 11,648 Deposits: Member bank reserves 31,177 1 997 7,875 777 1,783 1,473. 1,832 5,142 988 1,066 1,487 2,293 5,464 U.S. Treasury—general account ! 2,443 258 58 145 252 408 164 342 135 178 109 113 281 Foreign 334 9 1/ 126 11 24 15 21 42 9 9 12 16 40 Other 4,277 283 1,186 268 121 110 353 548 122 691 96 287 212 Total deposits 38,231 1,547 9,245 1,201 2,180 2,006 2,370 6,074 1,254 1,944 1,704 2,709 5,997 Deferred availability cash items 11,744 660 673 302 410 2,899 1,539 1,346 551 530 1,233 706 895 Other liabilities and accrued dividends 1/ 1,719 78 398 78 126 140 ' 142 259 68 38 65 87 240 TOTAL LIABILITIES 155,526 7,636 37,098 6,754 11,239 14,524 7,445 24,875 6,456 4,397 7,558 8,764 18,780 CAPITAL ACCOUNTS Capital paid in 1,123 33 287 45 93 58 84 167 34 35 47 65 175 Surplus 1,078 ; 33 280 44 92 57 81 163 33 34 46 63 152 Other capital accounts 750 32 176 34 62 60 30 116 32 17 31 43 117 TOTAL LIABILITIES AND 1 158,477 7,734 37,841 6,877 11,486 14,699 7,640 25,321 6,555 4,483 7,682 8,935 19,224 CAPITAL ACCOUNTS FEDERAI RESERVE AGENTS1 ACCOUNTS F.R. notes outstanding 116,521 6,293 29,681 5,935 9,163 10,345 4,927 18,421 5,055 2,380 5,104 5,924 13,293 Collateral for F.R. notes: Gold certificate account 11,354 837 2,834 924 801 1,158 475 1,756 474 231 473 501 890 Special Drawing Rights certif. acct. 1,800 93 459 91 149 161 64 300 79 32 75 86 211 Eligible paper 2,585 124 568 286 136 100 168 567 149 64 97 236 90 U.S. Government securities 100 f 782 5 r 239 25 T £2Q 4^634 8,Q77 8.926 4.220 15.798 4.353 2.053 4,459_ 5 r 101 12.102 Total collateral 116,521 6,293 29,681 5,935 9,163 10,345 4,927 18,421 5,055 2,380 5,104 5,924 13,293 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