H.4.1 Factors Affecting Reserve Balances of Depository Institutions

s#2£!& FEDERAL RESERVE Factors Affecting Bank Reserves and •fSuiiS? Condition Statement of F.R. Banks H.4.1 For immediate release June 7, 1978 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday June 6, Reserve Bank credit, June 6, and related items 1979 flay 30, 1979tfune 7, 1978 1979 Reserve Bank credit: (In millions of dollars) U.S. Government securities— Bought outright—System account 1/104,038 -1,725 + 3,700 2/100,759 Held under repurchase agreements 144 93 + 144 1,004 Federal Agency obligations- Bought outright 7,423 2 - 472 7,423 Held under repurchase agreements 15 28 4- 15 105 Acceptances— Bought outright Held under repurchase agreements 85 43 Loans-- Total member bank borrowing 1,340 - 950 + 695 1,582 Includes seasonal borrowing ooff:: 193 6 + 82 176 Other borrowing Float 7,792 +1,752 + 1,818 7,388 Other F.R. assets 6,468 - 296 + 3,935 6,581 Total Reserve Bank credit 127,226 -1,428 4 9,841 124,885 Gold Stock 11,350 4 368 11,325 Special Drawing Rights certif. acct. 1,800 + 71 + 550 1,800 Treasury currency outstanding 12,289 + 33 + 728 12,289 152,665 -1,327 +10,751 150,299 Currency in circulation * 115,292 + 633 + 9,867 115,915 Treasury cash holdings * 400 + 5 + 34 400 Treasury deposits with F.R. Banks 2,396 - 520 - 2,129 4,762 Foreign deposits with F.R. Banks 294 18 11 295 Other deposits with F.R. Banks 724 - 707 + 49 532 Other F.R. liabilities and capital 4,039 - 501 + 266 3,994 123,144 -1,109 + 8,075 125,898 Member bank reserves: With Federal Reserve Banks 29,522 - 217 + 2,678 24,402 Currency and coin _10,140 + 178 + 749 10,140 Total reserves held 3/ 39,785 38 + 3,472 34, 665 Required reserves 39,292 - 293 + 3,028 39, 292 Excess reserves H 493 + 255 + 444 4 ,627 NOTE: A net of $76 million of surplus reserves were eligible to be carried for ward from the week ended May 30, into the week ending June 6. On June 6, 1979, marketable U.S. Government securities held in cus tody by the Federal Reserve Banks for foreign official and international accounts were $78,436 million, an increase of $2,464 million for the week. 1/ Net of $4,187 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $2,356 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S Government securities. a 2/ 3/ Adjusted to include $123 million waivers of penalties for reserve defi ciencies 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 dollars) Wednesday Change since June 6, May 30, June 7, A S S E TS 1979 _JJSLZ2__J L2ZS Gold certificate account 11,325 - 29 - 393 Special Drawing Rights certif. acct. * 1,800 + 550 Coin 396 - 16 + 115 Loans 1,582 -1,886 +1,031 Acceptances--Bought outright Held under repurchase agreements 43 - 276 + 43 Federal Agency obligations--Bought outright 7,423 - 472 Held under repurchase agreements 1/ 105 - 46 + 105 U.S. Government securities: Bought outright--Bills 32,740 -6,112 -3,942 Certificates Notes 54,462 +2,407 Bonds 13,557 +2,890 Total bought outright 2/ 100,759 -6,112 +1,355 Held under repurchase agreements 1/ 1,004 + 174 +1,004 Total U.S. Government securities 101,763 -5,938 +2,359 Total loans and securities 110,916 -8,146 +3,066 Cash items in process of collection (2,316) 14,539 + 620 +1,376 Bank premises 396 + 1 + 8 Other assets ]j 6,185 + 237 +4,060 TOTAL ASSETS (2,316) 145,557 -7,333 +8,782 LIABILITIES Federal Reserve notes 104,421 + 570 +9,401 Deposits: Member bank-reserves account 24,402 -6,775 -1,036 U.S. Treasury--general account 4,762 +2,319 - 227 Foreign 295 - 39 + 14 Other 532 - 203 - 62 Total deposits 29,991 -4,698 -1,311 Deferred availability cash items (2,316) 7,151 -2,529 + 426 Other liabilities and accrued dividends / .l^Ol - 118 + 117 TOTAL LIABILITIES (2,316) 143,164 -6,775 +8,633 C A P I T AL A C C O U N TS Capital paid in 1,126 + 3 + 74 Surplus 1,078 — + 49 Other capital accounts 189 - 561 + 26 * Figures in parentheses are the eliminations made in the consolidating process. 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 $7,336 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $68 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. JUNE 6, 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 I changes changes Within 15 days 1,479 43 3,071 - 530 288 -97 16 days to 90 days 103 14,413 -4,854 417 +60 91 days to 1 year 31,652 - 616 784 - 9 Over 1 year to 5 years 28,634 + 62 3,776 — Over 5 years to 10 years 12,225 — 1,488 — Over 10 years 11,768' -- 775 -- Total 1,582 43 101,763 -5,938 7,528 -46 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 JUNE 6, 1979 New Phila- Cleve- Rich- St. Minne- Kansas San Total Boston York delphia land J mond Atlanta Chicago Louis apolis City Dallas Franc iscoi (In millions of dollars) A S S E TS Gold certificate account 11,325 992 3,025 924 646 1,323 475 1,591 474 231 473 501 670 Special Drawing Rights certif. acct. 1,800 93 459 91 149 161 64 300 79 32 75 86 211 Coin 396 24 23 25 47 39 43 17 34 23 51 23 47 Loans 1,582 44 480 47 89 127 119 137 103 76 108 141 111 Acceptances: Bought outright -- -- -- -- -- -- -- -- -- -- -- -- -- Held under repurchase agreements 43 -- 43 -- -- — — -" -- -- -- -" — 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 \l 105 -- 105 '-- — — -- — -- -- — — -- U.S. Government securities: Bought outright-- Bills 32,740 1,584 8,070 1,566 2,630 2,682 1,356 5,1'96 1,393 728 1,445 1,783 4,307 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/ 100,759 4,874 24,836 4,818 8,094 8,252 4,175 15,990 4,287 2,240 4,447 5,490 13,256 Held under repurchase agreements!./ 1,004 -- 1,004 — -- -- -- — -- — -- — -- Total U.S. Government securities 101,763 4,874 25,840 4,818 8,094 8.252 4,175 15,990 4.287 2,240 4,447 5,490 13,256 Total loans and securities 110,916 5,277 28,298 5,220 8,779 8,987 4,601 17,305 4,706 2,481 4,883 6,035 14,344 Cash items in process of collection 16,855 565 2,483 417 870 2,420 1,840 2,147 672 804 1,460 1,127 2,050 Bank premises 396 105 11 54 23 80 25 16 13 28 19 12 10 Other assets 3/ 6,185 201 1,427 303 457 354 404 826 187 173 427 460 961 Interdistrict settlement account -0- - 537 85 - 620 + 352 + 38 - 553 + 956 + 92 - 430 - 220 + 180 + 827 TOTAL 147,873 6,720 35,641 6,414 11,323 13,402 6,904 23,158 6,257 3,342 7,168 8,424 19,120 \J 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 $7,336 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $68 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 JUNE 6, 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 million.3 of dollars) L I A B I L I T I ES Federal Reserve notes 104,421 5,379 26,981 5,186 8,575 9,486 3,349 17,331 4,583 1,890 4,593 5,297 11,771 Deposits: Member bank reserves 24,402 663 5,250 571 1,617 1,062 1,630 3,648 787 573 1,085 2,032 5,484 U.S. Treasury—general account 4,762 239 538 248 361 510 467 755 301 214 221 296 612 Foreign 295 8 112 10 21 13 19 37 8 8 10 14 35 Other 532 1 446 13 43 10 1 2 2 7 7 Total deposits 29,991 911 6,346 829 1,999 1,598 2,159 4,450 1,097 797 1,318 2,349 6,138 Deferred availability cash items 9,467 284 1,371 228 431 2,059 1,129 783 440 543 1,086 546 567 Other liabilities and accrued dividends 1111//// 1,601 73 334 76 119 130 93 237 62 38 . 71 93 275 TOTAL LIABILITIES 145,480 6,647 35,032 6,319 11,124 13,273 6,730 22,801 6,182 3,268 7,068 8,285 18,751 CAPITAL ACCOUNTS Capital paid in 1,126 33 287 45 94 59 84 167 35 35 47 65 175 Surplus 1,078 33 280 44 92 57 81 163 33 34 46 63 152 Other capital accounts 189 7 42 6 13 13 9 27 7 5 7 11 42 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 147,873 6,720 35,641 6,414 11,323 13,402 6,904 23,158 6,257 3,342 7,168 8,424 19,120 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 116,975 6 ,302 29,954 5,981 9,151 10,328 4,840 18.476 5,051 2,397 5,207 5,926 13,362 Collateral for F.R. notes: Gold certificate account 11,325 992 3,025 924 646 1,323 475 1,591 474 231 473 501 670 Special Drawing Rights certif. acct. 1,800 93 459 91 149 161 64 300 79 32 75 86 211 Eligible paper 1,417 38 480 45 89 104 117 126 97 63 96 125 37 U.S. Government and Agency Securities 102,433 5 ,179 25,990 4,921 8,267 8,740 4,184 16,459 4,401 2,071 4,563 5,214 12,444 Total collateral 116,975 6 ,302 29,954 5,981 9,151 10,328 4,840 18,476 5,051 2,397 5,207 5,926 13,362 \_l 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