H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and ?ffSUS?:v Condition Statement of F.R. Banks H.4.1 For immediate release June 14, 1979 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, June 13, June 6, 1 June 14, June 13, and related items 1979 1979 1 1978 1979 Reserve Bank credit: (In millions of dollars) U.S. Government securities— Bought ou'right—System account 1/ 106,024 +1 ,986 + 4,663 2A03,140 Held under repurchase agreements — - 144 -- -- Federal Agency obligations-- Bought outright 7,409 - 14 - 474 7,390 Held under repurchase agreements 15 Acceptances— Bought outright Held under repurchase agreements 6 Loans— Total member bank borrowing 1,299 41 + 506 981 Includes seasonal borrowing of: 183 - 10 + 77 173 ; Other borrowing Float 6,979 - 733 + 1,493 8,217 Other F.R. assets 6,313 - 155 + 3,873 6,483 Total Reserve Bank credit 128,023 + 877 +10,059 126,211 Gold Stock 11,323 - 27 - 383 11,323 Special Drawing Rights certif. acct. 1,800 -- + 550 1,800 Treasury currency outstanding 12,315 + 26 + 744 12,347 153,461 + 876 +10,970 151,681 Currency in circulation 115,824 + 490 + 9,994 116,251 Treasury cash holdings 400 + 42 + 38 400 Treasury deposits with F.R. Banks 3,448 +1, 052 - 242 3,280 Foreign deposits with F.R. Banks 245 - 49 - 13 1 208 Other deposits with F.R. Banks 630 - 94 - 240 595 Other F.R. liabilities and capital 4,133 + 94 + 214 4,360 124,680 +1 ,536 + 9,750 125,094 Member bank reserves: With Federal Reserve Banks 28,781 - 661 + 1,221 26,587 Currency and coin 10,362 + 222 + 844 ! 10,362 Total reserves held 3/ 39,266 - 439 + 2,111 37,072 Required reserves 39,257 - 35 + 2,215 39,257 Excess reserves 3/ 9 - 404 - 104 - 2,185 NOTE: A-net of $105 million of surplus reserves were eligible to be carried forward form the week ended June 6, into the week ending June 13. On June 13, 1979, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter national accounts were $78,196 million, a decrease of $240 million for the week. 1/ Net of $2,071 million, daily average, matched sale-purchase trans actions outstanding during the latest statement week, of which $1,676 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. Government securities. 2/ Net of $4,955 million matched sale-purchase transactions, out standing at the end of the latest statement week of which $2,190 million was with foreign official and international accounts. Includes $66 million securities loaned--fully secured by U.S. Government securities. 3/ Adjusted to include $123 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 dollars) Wednesday Change since JU?f P' June 6, June 14, A S S E TS 7 1979 1978 Gold certificate account 11,323 - 2 - 383 Special Drawing Rights certif. acct * 1,800 — + 550 # Coin 397 + 1 + 113 Loans 981 - 601 - 572 Acceptances—Bought outright Held under repurchase agreements -_ . 43 -- Federal Agency obligations--Bought outright 7,390 - 33 - 477 Held under repurchase agreements 1/ — - 105 — US. Government securities: Bought outright—Bills 35,121 + 2,381 + 1,138 Certificates Notes 54,462 + 2,407 Bonds 13,557 + 2,890 Total bought outright 27 103,140 + 6,435 Held under repurchase agreements 1/ Total U.S. Government securities 103,140 + 6,435 Total loans and securities 111,511 Cash items in process of collection (2,502) 14,992 Bank premises 397 Other assets ]j 6,086 TOTAL ASSETS (2,502) 146,506 L I A B I L I T I ES Federal Reserve notes 104,701 + 280 + 9,568 Deposits: Member bank-reserves account 26,587 + 2,185 + 2,082 U.S. Treasury--general account 3,280 - 1,482 - 351 Foreign 208 - 87 40 Other 595 + 63 80 total deposits 30,670 + 679 + 1,611 Deferred availability cash items (2,502) 6,775 - 376 68 Other liabilities and accrued dividends 4/ 1,792 + 191 - 118 TOTAL LIABILITIES (2,502) 143,938 + 774 +10,993 C A P I T AL A C C O U N TS Capital paid in 1,128 + 2 + 74 Surplus 1,078 — + 49 Other capital accounts 362 + 173 + 61 * Figures in parentheses are the eliminations made in the consolidating process. V 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 $4,955 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $66 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 11, 1Q7Q (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 887 1,751 -1, 320 — -288 16 days to 90 days 94 17,035 +2 ,622 485 + 68 91 days to 1 year 31,727 + 75 818 + 34 Over 1 year to 5 years 28,634 — 3,805 + 29 Over 5 years to 10 years 12,225 — 1,507 + 19 Over 10 years 11,768 — 775 — Total 981 103,140 +1,377 7,390 -138 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 13, 1979 New Fhila- Cleve- Rich St. Minne- Kansas San Total Boston York delnhia land 1 mond _ Atlanta Chicago Louis apolis Cltv Dallas Francisco (In millions of dollars) A S S E TS Gold certificate account 11,323 992 3,022 924 646 1,323 475 1,591 474 232 s 473 501 670 Special Drawing Rights certif. acct. 1,800 93 459 91 149 161 64 300 79 32 75 86 211 Coin 397 25 22 27 46 38 42 13 34 21 55 25 49 Loans 981 66 12 65 21 76 141 332 62 73 80 35 18 Acceptances: Bought outright '-- -- ... -- -- -- •*• ~~ ~~ -" -i- •" _- -r- Held under repurchase agreements *•- •" "~ -~ ~~ "~ —** "" -" ""• "~ •~ •~ Federal Agency obligations— Bought outright 7,390 357 1,822 353 594 605 306 1,173 315 164 326 403 972 Held under repurchase agreements U "- -" ~- "~ ~~ -~ ~~ "~ -~ -~ -"• **- -_ U.S. Government securities: Bought outright— Bills 35,121 1,698 8,657 1,679 2,822 2,877 1,455 5,574 1,494 781 1,551 1,913 4,620 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/ 103,140 4,988 25,423 4,931 8,286 8,447 4,274 16,368 4,388 2 ,293 4,553 5,620 13,569 Held under repurchase agreements 1/ — — — — — — -- — — -- — — — Total U.S. Government securities 103,140 4,988 25,423 4,931 8,286 8,447 4,274 16,368 4,388 2 ,293 4,553 5,620 13,569 Total loans and securities 111,511 57411 27,257 5,349 8,901 9,128 4,721 17,873 4,765 2 ,530 4,959 6,058 14,559 Cash items in process of collection 17,494 376 2,140 501 1,273 2,418 1,893 2,335 560 1 ,135 1,435 1,360 2,068 Bank premises 397 105 11 55 23 80 25 16 13 28 19 12 10 Other assets 3/ 6,086 205 1,437 288 460 349 424 851 187 273 239 373 l,0O3 Interdistrict settlement account -0- - 349 +1,453 - 540 - 196 - 141 - 648 + 95 + 90 -1, 007 + 239 + 290 + 714 TOTAL 149,008 6,858 35,801 6,695 11,302 13,356 6,996 23,074 6,202 3 ,244 7,494 8,705 19,281 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 $4,955 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $66 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 13, 197 9 H.4.1(c) Phila St. Minne Kansas San Total Boston New York delphia Cleveland Richmond Atlanta Chicago Louis apolis City Dallas Francisc (In millions of dollars) L I A B I L I T I ES Federal Reserve notes 104,701 5,405 27,129 5,204 8,615 9,479 3,340 17,364 4,585 1,903 4,607 5,318 11,752 Deposits: Member bank reserves 26,587 827 5,723 832 1,641 1,267 1,865 3,842 874 552 1,221 2,097 5,846 U.S. Treasury—general account 3,280 201 455 221 211 285 278 391 158 178 319 257 326 Foreign 208 8 25 10 21 13 19 37 8 8 10 14 35 Other 595 513 9 47 7 1 2 9 7 Total deposits 30,670 1,036 6,716 1,063 1,873 1,574 2,209 4,277 1,040 739 1,552 2,377 6,214 Deferred availability cash items 9,277 262 1,026 252 479 2,036 1,168. 806 430 485 1,161 572 600 Other liabilities and accrued dividends 1/ 1,792 74 278 72 122 124 98 243 64 40 66 288 323 TOTAL LIABILITIES 146,440 6,777 35,149 6,591 11,089 13,213 6,815 22,690 6,119 3,167 7,386 8,555 18,889 CAPITAL ACCOUNTS Capital paid in 1,128 33 287 45 94 59 84 167 35 35 47 67 175 Surplus 1,078 33 280 44 92 57 81 163 33 34 46 63 152 Other capital accounts 362 15 85 15 27 27 16 54 15 8 15 20 65 TOTAL LIABILITIES AND CAPITAL ACCOUNTS ! 149,008 6,858 35,801 6,695 11,302 13,356 6,996 23,074 6,202 3,244 7,494 8,705 19,281 ^- J FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding: 117,336 6,304 30,165 6,034 9,168 10,334 4,761 18,502 5,071 2,442 5,245 5,922 13,388 Collateral for F.R. notes: Gold certificate account 11,323^ 992 3,022 924 646 1,323 475 1,591 474 232 473 501 670 Special Drawing Rights certif. acct. 1,800 93 459 91 149 161 64 300 79 32 75 86 211 Eligible paper 89t>^ 60 12 64 21 56 121 324 61 59 72 33 13 U.S. Government and Agency securities 103,317 5,159 26,672 4,955 8,352 8,794 4,101 16,287 4,457 2,119 4,625 5,302 12,494 Total collateral 117,336^ 6,304 30,165 6,034 9,168 10,334 4,761 18,502 5,071 2,442 5,245 5,922 13,388 * Less than $500,000. \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