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 July 5, 1979 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve. Bank credit, July 4, June 27, July 5, July 4, and related items 1979 * 1979 1978 1979 * Reserve Bank credit: (In millions of dollars) U.S. Government securities- Bought outright—System account 1/106,208 -1,004 - 585 2/105,066 Held under repurchase agreements 3,013 +2,521 + 417 f 1,116 Federal Agency obligations- Bought outright 7,761 -_ - 407 7,761 Held under repurchase agreements 841 4- 657 + 207 267 Acceptances- Bought outright Held under repurchase agreements 1,198 +1,013 + 226 682 Loans- Total, member bank borrowing 1,676 + 89 + 483 2,434 Includes seasonal borrowing of: 186 14 + 49 184 Other borrowing Float 5,473 - 496 + 974 5,730 Other F.R. assets 5,712 - 483 + 3,106 5,735 Total Reserve Bank credit 131,882 +2,298 + 4,421 128,791 Gold Stock 11,322 1 384 11,321 Special Drawing Rights certif. acct. 1,800 -- + 550 1,800 Treasury currency outstanding 12,409 + 6 + 826 12,409 157,413 +2,303 + 5,413 154,321 Currency in circulation 116,870 + 1,064 +10,281 117,712 Treasury cash holdings 400 -- + 50 400 Treasury deposits with F.R. Banks 3,389 - 161 - 6,949 3,436 Foreign deposits with F.R. Banks 331 + 34 + 27 315 Other deposits with F.R. Banks 828 + 241 + 30 641 Other F.R. liabilities and capital 4,744 + 286 + 578 4,329 126,562 +1,464 + 4,017 126,833 Member bank reserves: With Federal Reserve Banks 30,851 + 839 + 1,394 27,488 Currency and coin 10,433 + 332 + 920 10,433 Total reserves held 3/ 41,401 +1,163 + 2,358 38,038 Required reserves 40,780 + 766 + 2,456 40,780 Excess reserves 3/ 621 + 397 98 - 2,742 NOTE:A net of $92 million of surplus reserves were eligible to be carried forward from the week ended June 27, into the week ending July 4. On July 4, 1979, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $78,949 million, an increase of $1,355 million for the week. 1/ Net of $2,717 million, daily average, matched sale-purchase transactions out standing during the latest statement week, of which $2,070 million was with foreign official and international accounts. Includes securities loanedfully secured by U.S. Government securities. 2/ Net of $4,320 million matched sale-purchase transactions, outstanding at the end of the latest statement week of which $2,056 million was with foreign official and international accounts. Includes $135 million securities loaned--fully secured by U.S. Government securities. 3/ Adjusted to include $117 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. Estimated (Cleveland, Chicago and Dallas Districts). ** 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 July 4, June 27, July 5, A S S E TS 1979** 1979 1978 Cold certificate account 11,321 - 385 Special Drawing Rights certif. acct. 1,800 + 550 Coin 358 10 + 95 Loans 2,434 488 + 1,786 Acceptances—Bought outright Held under repurchase agreements 682 158 102 Federal Agency obligations--Bought outright 7,761 - 407 Held under repurchase agreements \J 267 730 327 U.S. Government securities: Bought outright—Bills 36,312 2,419 + 81 Certificates Notes 55,055 + 550 + 2,058 Bonds 13,699 + 142 + 2,917 Total bought outright 2/ 105,066 1,727 + 5, 056 Held under repurchase agreements 1/ 1,116 1,432 645 Total U.S. Government securities 106,182 - 3,159 + 4,411 Total loans and securities 117,326 - 4,535 + 5,361 Cash items in process of collection (2,712) 13,918 + 1,219 + 3,049 Bank premises 397 1 + 8 Other assets V 5,338 299 + 2,713 TOTAL ASSETS (2,712) 150,458 - 3,628 +11,391 L I A B I L I T I ES Federal Reserve notes 106,061 + 1,258 + 9,564 Deposits: Member bank-reserves account 27,488 - 5,720 + 4,913 U.S. Treasury--general account 3,436 161 - 6,155 Foreign 315 + 45 + 17 Other 641 + 68 - 174 Total deposits 31 ,880 - 5,768 - 1,399 Deferred availability cash items (2,712) 8 188 + 1,175 + 2,598 Other liabilities and accrued dividends 4/ 1 J.79 + 80 + 314 TOTAL LIABILITIES (2,712) 147,908 - 3,255 +11,077 C A P I T AL A C C O U N T S. Capital paid in 1,127 + 1 + 71 Surplus 1,078 -- + 49 Other capital accounts 345 - 374 + 194 * Figures in parentheses are the eliminations made in the consolidating process. Estimated (Cleveland, Chicago and Dallas Districts). 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 $4,320 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $135 million securities loaned— fully secured by U.S. Government securities. 2/ 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, .TITTY L 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 2,332 682 3,644 -2,033 305 -788 16 days to 90 days 102 17,493 -1,596 455 + 54 91 days to 1 year 32,600 + 652 942 + 27 Over 1 year to 5 years 28,214 - 420 4,041 - 23 Over 5 years to 10 years 12,321 + 96 1,510 -- Over 10 years 11,910 + 142 775 — Total 2,434 682 106,182 -3,159 8,028 -730 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 JULY 4, 1979 New Phila Cleve Rich St. ___ . Kansas * t San Total L Boston York delphia land* mond Atlanta Chicago Louis ,= Mmne- City Dalian• ?rancisco 1 apolis I (In millions of dollars) A S £ E T S. Gold certificate -account ! 11,321 992 3,021 924 646 1,323 475 1,591 474 231 473 670 Special Drawing Rights certif. acct. [ 1,800 93 459 91 149 161 64 300 79 32 75 0 211 Coin 358 23 31 15 40 36 34 15 28 19 51 " 41 Loans 2,434 29 1,018 45 25 71 71 449 64 88 85 127 362 Acceptances: Bought W.Tlr^r. Held under remirchase agreements 682 682 Federal Agency obligations— Bought outright 7,761 375 1,913 371 623 6 36 322 1,232 330 172 343 423 1,021 Held under repurchase agreements \J 267 267 U.S. Government securities: Bought outright— Bills 36,312 1,756 8,950 1,736 2,917 2,974 1,505 5,763 1,545 807 1,603 1,979 4,777 Certificate? Notes 55,055 2,663 13,570 2,632 44,,442233 44,,550099 22,,228811 88,,773377 22,,334433 11 ,,222244 22,,443300 33,,000000 7,243 Bonds 13,699 663 3,377 655 11,,110000 11,,112222 556677 22,,117744 558833 330055 660055__.. 774466__ 1,802 Total bought, outright 2/ 105,066 5,082 25,397 3,023 88,,44--4400 88,,660055 44,,3355?? 1166,,667744 44,,447711 22 333366 44,,663388 55,,772255 13,822 Held under repurchase agreements -•' 1,116 1,116 Total U.S. Government securities 106,182 5,082 27,013 5,023 8,440 8,605 4,353 16,674 4,471 2 ,336 4,638 55,,772255 13,822 Total loans and securities 117,326 5,486 30,893 5,439 9,088 9,312 4,746 18,355 4,865 2 ,596 5,066 66,,227755 15,205 Cash items in procesa of collection 1.6,630 521 22,,008855 5544$$ 992266 33,,337744 11,,991199 11,,551133 661188 776644 11,,448899 11,,009966 1,776 Bank premiers 1 397 105 1111 5544 2233 8800 2266 1166 1133 2288 1199 1122 10 Other asset? .?. 5,338 196 11,,331199 225511 441166 337744 337755 778833 117722 114499 220077 331177 779 Interdistrict sett'ie'nertt account -0- - 353 --22,,443300 -- 558866 ++ 440099 ....__..-- 8833____ __±± 1199.. ++ 553377 ++ 114455 221199 ++ 220011 ++ 662266 4-1,734 TOTAL 153,170 7,063 3355,,338899 66,,773377 1111,,669977 11^^,,55//77 77,,665588 2233,,111100 66,,339944 33 ,, 660000 77..558811 88,,993388 20,426 * Estimated (Cleveland, Chicago, and Dallas Districts). 1/ Does not Include U.S. Government and Federal Agency securities resold unde^ matched .^ale-purchase transactions for foreign official and international accounts, of which $-0- nil'! ion was outstanding at the end of the latest statement week. 2/ Net of $4,320 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $135 million securities loaned--fully secured by U.S. Government securities, 3/ Includes assets denoninated in foreign currencies, revalued monthly at market: exchange -atcs. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON July 4, 1979 H.4.1(c) Phila * * St. Minne- Kansas * San Total Boston New York delphia Cleveland Richmond Atlanta Chicago Louis apolis City Dallas Franciscc (In millions of dollars) L I A B I L I T I ES Federal Reserve notes 106,061 5,453 27,590 5,265 8,569 9,676 3,532 17,396 4,610 1,891 4,667 5,488 11,924 Deposits: Member bank reserves 27,488 856 4,580 899 1,856 1,484 2,006 3,715 927 801 1,398 2,347 6,619 U.S. Treasury—general account 3,436 277 496 100 276 386 298 468 193 215 181 272 274 Foreign 315 9 1/ 115 11 23 14 20 41 8 9 11 16 38 Other 641 554 12 48 4 2 2 1 8 10 Total deposits 31,880 1,142 5,745 1,010 2,155 1,896 2,372 4,228 1,130 1,027 1,591 2,643 6,941 Deferred availability cash items 10,900 323 990 290 586 2,757 1,360 770 518 573 1,159 601 973 Other liabilities and accrued dividends 1111//// 1.779 73 466 78 138 127 223 251 63 37 65 35 223 TOTAL LIABILITIES 150,620 6,991 34,791 6,643 11,448 14,456 7,487 22,645 6,321 3,528 7,482 8,767 20,061 CAPITAL ACCOUNTS Capital paid in 1,127 33 287 45 94 58 84 167 35 '35 47 66 176 Surplus 1,078 33 280 44 92 57 81 163 33 34 46 63 152 Other capital accounts 345 6 31 5 63 6 6 135 5 3 6 42 37 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 153,170 7,063 35,389 6,737 11,697 14,577 7,658 23,110 6,394 3,600 7,581 8,938 20,426 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 118,345 6 ,373 30,538 6,213 9,183 10,478 4,877 18,321 5,067 2,482 5,296 6,074 13,443 Collateral for F.R. notes: Gold certificate account 11,321 992 3,021 924 646 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 1,624 21 347 45 5 54 37 435 63 77 71 109 360 U.S. Gov't *nd agency securities 103,600 5 ,267 26,711 5,153 8,383 8,940 4,301 15,995 4,451 2,142 4,677 5,378 12,202 Total collateral 118,345 6 ,373 30,538 6,213 9,183 10,478 4,877 18,321 5,067 2,482 5,296 6,074 13,443 * Estimated (Cleveland, Chicago and Dallas Districts). 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