H.4.1 Factors Affecting Reserve Balances of Depository Institutions

.•:i^2sfc., FEDERAL RESERVE Factors Affecting Bank Reserves and ?j4ttt§?-' Condition Statement of F.R. Banks H.4.1 For immediate release June 21, 1979 Averages of dally figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, June 20, June 13, I June 21, June 20, and related items 1919 19799 .1 12Z8 1979 , Reserve Bank credit: ^S millions3 of d oliars) U.S. Government securities— II. Bought outright—System account 1/ 105,777 180 103,930 Held under repurchase agreements 2,275 +2,275 1,035 1,192 Federal Agency obligations— Bought outright 7,443 + 34 424 7,761 Held under repurchase agreements 468 + 468 340 17 Acceptances- Bought outright Held under repurchase agreements 537 537 362 216 Lo ana- Total member bank borrowing 1,324 f 25 + 130 1,929 Includes seasonal borrow 186 + 3 + 63 1 188 Other borrowing Float 5,906 -1,136 + 357 7,404 Other F.R. assets 6,404 + 91 + 3,617 6,672 Total Reserve Bank credit 130,134 4 2,048 + 5,237 129,121 Gold Stock 11,323 ...» -• 383 11,323 Special Drawing Rights certif. acct. 1,800 — + 550 1,800 Treasury currency outstanding 12,355 + 40 + 779 12,365 155,612 +2,088 + 6,183 iS4>$ T C r u e r a r s e u n r c y y c i a n s h c i h r o c l u d l i a n t g i s o n * 115,843 9 +10,175 116,049 Treasury deposits with F.R. Banks * 400 + 28 + 43 400 Foreign deposits with F.R. Banks 3,482 + 34 - 5,749 2,899 Other deposits with F.R. Banks 297 + 52 + 39 294 Other F.R. liabilities and capital 691 + 61 221 685 4,376 + 243 + 5 4,346 Member bank reserves: 125,089 + 409 + 4,293 124,673 With Federal Reserve Banks Currency and coin 30,523 +1,679 + 1,891 29,936 Total reserves held 9,891 - 471 + 857 9,891 Required reserves 11 40,537 +1,208 + 2,795 39,950 Excess reserves 1111 40,456 +1,199 * 2,940 1 40,456 81 + 9 - 145 506 NOTE: A net of $43 million of surplus reserves were eligible to be carried forward from the week ended June 13, into the week ending June 20. On June 20, 1979, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $75,802 million, a decrease of $2,394 million for the week. 1/ Net of $2,658 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $2,278 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. 2/ Net of $4,549 million matched sale-purchase transactions outstanding at the end of the latest statement week,of which $1,889 million was with foreign official and international accounts. Includes $83 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 June 20, June 13, June 21, A S S E TS 1979 1979 1978 Gold certificate account 11,323 — « 383 Special Drawing Rights certif. acct. 1,800 — + 550 Coin 385 12 + 101 Loans 1,929 + 948 - 645 Acceptances--Bought outright Held under repurchase agreements 216 + 216 « 220 Federal Agency obligations--Bought outright 7,761 + 371 - 106 Held under repurchase agreements 1/ 17 + 17 - 642 U.S. Government securities: Bought outright—Bills 35,86? + 747 8,421? Certificates Notes 54,505 + 43 1,508 Bonds 13,557 2,775 Total bought outright 2/ 103,930 + 790 - 4,139 Held under repurchase agreements 1/ 1,192 + 1,192 - 1,590 Total U.S. Government securities 105.122 + 1,982 - 5,729 Total loans and securities 115,045 + 3,534 - 7,342 Cash items in process of collection (2,395) 14,670 - 322 + 1,606 Bank premises 399 + 2 + 9 6,273 + 187 + 4,032 Other assets 3/ TOTAL ASSETS (2,395) 149,895 + 3,389 - 1,427 L I A B I L I T I ES Federal Reserve notes 104,469 - 232 + 9,615 Deposits: Member bank-reserves account 29,936 + 3,349 - 623 U.S. Treasury-general account 2,899 - 381 -11,233 Foreign 294 + 86 + 20 Other 685 + 90 + 33 Total deposits 33,814 + 3,144 -11,803 Deferred availability cash items (2,395) 7,266 + 491 + 402 Other liabilities and accrued dividends 4/ 1,595 - 197 + 131 TOTAL LIABILITIES (2,395) 147,144 + 3,206 - 1,655 C A P I T AL A C C O U N T S. Capital paid in 1,126 2 + 70 Surplus 1,078 — + 49 Other capital accounts 547 + 185 + 109 * Figures in parentheses are the eliminations made in the consolidating process. t/ 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 $4,549 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 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 20, 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 1,907 216 4,308 +2,557 75 + 75 16 days to 90 days 22 17,215 + 180 439 - 46 91 days to 1 year 30,972 - 755 915 + 97 Over 1 year to 5 years 28,634 — 4,064 +239 Over 5 years to 10 years 12,225 — 1,510 + 3 Over 10 years 11,768 — 775 — Total 1,929 216 105,122 +1,982 7,778 +388 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BMK ON JUNE 20, 1979 New Phila Cleve Rich 1 1 St. | Minne- Kansas San Total Boston York delphia land mond Atlanta Chicago Louis I apolis [ Citv DaliagjF rancisco (In millions of dollars) A S S E TS Gold certificate account 11,323 992 3,022 924 646 1,323 475 1,591 474 232 473 501 670 Special Drawing Rights certif. acct• ! 1,800 93 459 91 149 161 64 300 79 32 211 Coin 385 23 26 23 43 38 39 17 32 20 5£»- 2,4 46 Loans 1,929 40 898 132 23 1*7 S3 94 72 69 103 15 Acceptances: Bought outright Held under repurchase agreements 216 216 - Federal Agency obligations— Bought outright 7,761 375 1,913 371 623 636 322 1,232 330 172 343 1,021 Held under repurchase agreements 1/ 17 — - 17 „. — — **- -- -- -™ " .. U.S. Government securities: Bought outright— Bills 35,868 1,735 8,841 1,715 2,882 2,938 1,486 5,692 1,526 79/ ,^S3 4,719 Certificates Note* 54,505 2,636 13,434 2,606 4 } 379 4,464 2,259 8,650 2,319 1.2 V 2,4Gr . •> "''J 7,170 Bo^ds 13,557 656 3,342 648 1,089 1,110 562 2,151 577 30 S 9 S ;0 1,784 ^ Total bought outright ZJ 103,930 5,027 25,617 4,969 8,350 8,512 4,307 16,493 4,422 2,310 A 5f' 13,673 Held ur^er repurchase agreements yyy 1,192 -.- 1,192 -- _. -- -- -- __ -.. -- Total U.S. Government securities 105,122 5,027 26,809 4,969 8,350 8,512 4,307 16,493 4,422 2,310 13,673 Total loans and securities 115,045 5,442 29,853 5,472 8,996 9,345 4,712 17,819 4,824 2,551 3,032 ••• rrr ??? ••••••""" 14,709 Cash items In process of collection 17,065 427 2,050 631 1,120 2,356 1,814 2,380 675 780 1,454 1,040 2,338 Bank premises 399 105 11 55 23 80 26 16 13 28 20 12 10 Other assets 3/ 6,273 212 1,527 359 472 366 445 888 194 179 239 344 1,048 Interdistrict settlement account -0- - 416 ~ 908 - 726 + 254 + 50 + 51 - 177 - 117 - 457 + 183 + 758 +1,505 TOTAL 152,290 6,378 36,040 6,829 11,703 13,719 7,626 22,834 6,174 3,365 7,531 9,054 20,537 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- mi 17.ion WPA outstanding at the end of the latest statement week. 2/ Net of $4,5*9 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $83 million securities loaned--fully secured by TT.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 20, 1979 JUNE H.4_.ljcJ Phila St. Minne Kansas San Total Boston New York delphia Cleveland Richmond Atlanta Chicago Louis apolis City Dallas Francis (In millions of dollars) L I A B I L I T I ES Federal Reserve notes 104,469 5,375 27,029 5,174 8,485 9,475 3,555 17,209 4,547 1,887 4,607 5,392 11,734 Deposits: Member bank reserves 29,936 909 5,516 981 2,206 1,542 2,422 3,825 951 710 1,477 2,574 6,823 U.S. Treasury—general account 2,899 148 557 177 130 335 223 253 124 76 175 219 482 Foreign 294 8 111 10 21 13 19 37 8 8 10 14 35 Other 685 584 1 9 49 9 * 1 2 19 11 Total deposits 33,814 1,065 6,768 1,168 2,358 1,899 2,713 4,124 1,083 795 1,664 2,826 7,351 Deferred availability cash items 9,661 277 1,204 304 512 2,065 1,072 838 392 567 1^080 594 756 Other liabilities and accrued dividends 1/ 1,595 72 339 71 121 123 99 251 62 35 65 83 274 TOTAL LIABILITIES 149,539 6,789 35,340 6,717 11,476 13,562 7,439 22,422 6,084 3,284 7,416 8,895 20,115 CAPITAL ACCOUNTS Capital paid in 1,126 j 33 287 45 5>4 58 84 167 35 35 47 66 175 Surplus 1,078 33 280 44 92 57 81 163 33 34 46 63 152 Other capital accounts j 547 ' 23 133 23 41 42 22 82 22 12 22 30 95 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 152,290 1 6,878 36,040 6,829 11,703 13,719 7,626 22,834 6,174 3,365 7,531 9,054 20,537 , FEDERAL RESERVE AGENTS8 ACCOUNTS F.R. notes outstanding 117,740 6 ,299 30,223 6,119 9,092 10,411 5,037 18,335 5,044 2,439 5,278 6,026 13,437 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 1,370 33 476 131 23 155 63 90 61 55 95 183 5 U.S. Government and agency securities 103.247 5 .181 26,266 4,973 8,274 8,772 4,435 16,35^ 4,430 2,120 4,635 5,256 12,551 Total collateral 117,740 6 ,299 30,223 6,119 9,092 10,411 5,037 18,335 5,044 2,439 5,278 6,026 13,437 * Less than $500,000. 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