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 June 28, 1979 Averages of daily figures Member bank reserves, Week ended Change from week ended IWednesday Reserve Bank credit, June 27, June 20, June 28, June 27, and related items 1979.. 1979 197ft 1979* Reserve Bank credit: (In millions of dollars) U.S. Government securities— 1/ 2/ Bought outright—System account 107,212 +1,435 + 971 106,793 Held under repurchase agreements 492 -1,783 - 1,260 2,548 Federal Agency obligations- Bought outright 7,761 + 318 106 7,761 Held under repurchase agreements 184 - 284 519 997 Acceptances-- Bought outright Held under repurchase, agreements 185 - 352 275 840 Loans-- Total member bank borrowing 1,587 + 263 - 129 1 2,922 Includes seasonal borrowing of: 200 + 14 + 66 195 Other borrowing Float 6,064 + 115 + 1,378 5,462 Other F.R. assets 6,222 -- 118822 ++__33 ,,663333 6,227 Total Reserve Bank credit 129,707 447700 ++ 33,,669933 133,550 Gold Stock 11,323 -- - 383 11,323 Special Drawing Rights certif. acct. 1,800 -- + 550 1,800 Treasury currency outstanding 12,403 + 48 + 810 12,409 155,233 - 422 + 4,670 159,082 Currency in circulation ** 115,800 _ 70 +10,250 116,398 Treasury cash holdings ** 400 + 26 + 46 400 Treasury deposits with F.R. Banks 3,550 + 68 - 8,113 3,597 Foreign deposits with F.R. Banks 297 -- + 59 270 Other deposits with F.R. Banks 587 - 104 - 61 573 Other F.R. liabilities and capital 4,460 + 84 + 389 4,636 125,094 + 5 + 2,569 125,874 Member bank reserves: With Federal Reserve Banks 30,139 _ 427 + 2,101 33,208 Currency and coin 10,101 + 210 + 712 10,101 Total reserves held 3/ 40,365 - 215 + 2,862 43,434 Required reserves 40,014 - 442 + 2,679 40,014 Excess reserves 3/ 351 + 227 + 183 3,420 NOTE: A net of $41 million of surplus reserves were eligible to be carried forward from the week ended June 20, into the week ending June 27. On June 27, 1979, marketable U.S. Government securities held in custody by by the Federal Reserve Banks for foreign official and international accounts were $77,594 million, an increase of $1,792 million for the week. 1/ Net of $1,292 million, daily average, matched sale-purchase transactions out standing during the latest stement week, of which $1,292 million was with foreign official and international accounts. Includes securities loaned -fully secured by U.S. Government securities. 2/ Net of $1,863 million matched sale-purchase transactions outstandingat the end of the latest statement week, of which $1,863 million was with foreign official and international accounts. Includes $49 million securities loaned--fully secured by U.S. Government securities. 3/ Adjusted to include $125 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. Estimated (San Francisco District). ** Estimated (Treasury's figures). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.Ua> GONSOL[DATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (Tn millions of dollars) Wednesday Change sine June 27, June 20, June 28, A S S E TS 1979** 1979 1978 Gold certificate account 1,323 — - 383 Special Drawing Rights certif. acct. 1,800 «._ + 550 Coin 368 - 17 + 84 Loans 2,922 + 993 + 274 Acceptances--Bought outright -- — -- Held under repurchase agreements 840 + 624 + 120 Federal Agency obligations—Bought outright 7,761 — - 106 Held under repurchase agreements 1/ 997 + 980 - 79 U.S. Government securities: Bought outright--Bills 8,731 +2 ,863 -4, 408 Certificates Notes 54,505 Bonds 13,557 — Total bought outright U 106,793 +2,863 Held under repurchase agreements 1/ 2,548 +1,356 Total U.S. Government securities 109,341 +4,219 Total loans and securities 121,861 +6,816 Cash items in process of collection (2,129) 12,352 -2,318 Bank premises 398 - 1 Other assets 3_/ 5,829 - 444 TOTAL ASSETS (2,129) 153,931 +4,036 L I A B I L I T I ES Federal Reserve notes 104,757 + 288 +9,483 Deposits: Member bank-reserves account 33,208 +3,272 +1,243 U.S. Treasury--general account 3,597 + 698 -8,576 Foreign 270 - 24 + 61 Other 573 - 112 - 90 TotaJL deposits 37,648 +3,834 -7,362 Deferred availability cash items (2,129) 6,890 - 376 + 507 Other liabilities and accrued dividends 4/i 1,713 + 118 + 144 TOTAL LIABILITIES (2,129) 151,008 +3,864 +2,772 C A P I TA A C C O U N TS Capital paid in 1,126 „ + 70 Surplus 1,078 -- + 49 Other capital accounts 719 + 172 + 206 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 $1,863 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $49 million securities loaned— fully secured by U.S. Government securities. 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 27, 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 2,898 840 5,677 +1,369 1,093 +1,018 16 days to 90 days 24 19,089 +1,874 401 - 38 91 days to 1 year 31,948 + 976 915 — Over 1 year to 5 years 28,634 — 4,064 — Over 5 years to 10 years 12,225 — 1,510 -_ Over 10 years 11,768 -- 775 — Total 2,922 840 109,341 +4,219 8,758 + 980 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT 0? £ORDZTI0N OF EACH FEDERAL RESERVE BANK ON JUNE 27, 1979 New Phila Cleve- Rlch- St. Minne- Kansas San * 1 Total „ Boston York delphia land j mond Atlanta Chicago Louis apolis City Dallas Francisco (In millions of dollars) A S S E TS Gold certificate account 11,323 992 3,022 924 646 1,323 475 1,591 474 232 473 501 670 Special Drawing Rights certlf. acct. 1,800 93 459 91 149 161 64 300 79 32 75 86 211 Coin 368 23 28 16 39 39 37 16 30 19 55 24 42 Loans 2,922 89 422 182 100 119 140 909 107 78 162 274 340 Acceptances: Bought outright -- »- — -- -- -- -- -- -- -- -- -- -- Held under repurchase agreements 840 -- 840 -- — — — — -- — -- -- -- Federal Agency obligations— Bought outright 7,761 375 1,913 371 623 636 322 1,232 330 172 343 423 1,021 Held under repurchase agreements 1/ 997 -- 997 — -- — -- — — -- — -- -- U.S. Government securities: Bought outright-- 38,731 1,873 9,547 1,852 3,111 3,172 1,604 6,147 1,648 861 1,710 2,110 5,096 Bills Certificates -- -- -- -« -- — -- — -- — -- -- -- Notes 54,505 2,636 13,434 2,606 4,379 4,464 2,259 8,650 2,319 1, 212 2,406 2,970 7,170 Bonds 13.557 656 3.342 648 1.089 1.110 562 2,151 577 301 598 739 1.784 Total bought outright 2/ 106,793 5,165 26,323 5,106 8,579 8,746 4,425 16,948 4,544 2 ,374 4,714 5,819 14,050 Held under repurchase agreements U 2,5'B -- 2,548 — -- -- -- -- -- -- -- -- -- Total U.S. Government securities 109,341 j 5.165 28.871 5.106 8.579 8.746 4.425 16,948 4.544 2 .374 4.714 5,819 14.050 Total loans and securities 121,861 J 5,629 " 33,043 5,659 9,302 9,501 4,887 19,089 * 4,981 2 ,624 5,219 6,516 15,411 Cash items in process of collection 14,481 399 1,680 549 794 2,270 1,353 1,692 819 747 1,470 1,025 1,683 Bank premises | 398 105 11 55 23 80 26 16 13 28 19 12 10 Other assets h 5,829 201 1,384 313 419 350 541 779 180 152 220 316 974 Interdistrict settlement account -0- j - 411 -2,549 - 766 H- 93 4- 290 8 - 488 - 109 - 393 + 392 + 464 +3.485 TOTAL 1 156,060 7,031 37,078 6,841 11,465 14,014 7,375 22,995 6,467 3 ,441 7,923 8,944 22,486 * Estimated (San Francisco District). 1/ Does not include U.S. Government and Federal Agency securities resold under matched sale-purchase transactions for foreign official and international accounts, of which $-0- million was outstanding at the end of the latest statement week. 2/ Net of $1,863 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $49 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 27, 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 | 104,7b7 5,393 27.195 5,187 8,518 9,554 3,493 17,291 4,553 1,880 4,614 5,394 11,685 Deposits: Member bank reserves 33.208 1,012 6,887 954 1,770 1,771 2,241 3,864 - 884 805 1,656 2,236 9,128 U.S. Treasury—general account 3.597 183 410 190 215 253 312 357 270 100 451 427 429 Foreign 270 8 4 87 10 21 13* 19 37 8 8 10 14 35 Other 573 1 492 9 42 6 1 1 2 7 12 Total deposits 37,648 1,204 7,876 1,154 2,006 2,046 2,614 4,264 1,163 914 2,119 2,684 9,604 Deferred availability cash items 9,019 263 849 304 557 2,101 971 755 588 522 999 607 503 Other liabilities and accrued dividends 1/ 1,713 74 413 75 14* 142 103 245 66 40 68 90 255 TOTAL LIABILITIES 153,137 6,934 36,333 6,720 11,223 13,843 7,181 22,555 6,370 3,356 7,800 8,775 22,047 CAPITAL ACCOUNTS Capital paid in 1,126 33 287 45 94 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 719 31 178 32 56 56 29 110 29 16 30 40 112 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 156,060 7,031 37,078 6,841 11,465 14,014 7,375 22,995 6,467 3,441 7,923 8,944 22,486 1 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 118,127 6,337 30,434 6,162 9,165 10,472 4,919 18,342 5,061 2,468 5,302 6,050 13,415 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 certlf. acct. 1,800 93 459 91 149 161 64 300 79 32 75 86 211 Eligible paper 1,908 82 235 181 100 87 91 538 99 65 147 264 19 U.S. Gov't. and agency securities 103,096 5,170 26,718 4,966 8,270 8,901 4.289 15,913 4,409 2,139 4,607 5,199 12,515 Total collateral 118,127 6,337 30,434 6,162 9,lo5 10,472 4,919 18,342 5,061 2,468 5,302 6,050 13,415 * Estimated (Sari Francisco District). 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