H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL ••^•-••^.C: HESERVE vaSsufUKfCf^--'. Factors Affecting Bank Reserves and "fSiftt^-' Condition Statement of F.R. Banks H.4.1 (507) For immediate release July 12, 1979 Averages of daily figures Member bank reserves, Week ended I Change from week ended Wednesday Reserve Bank credit, July 11, YTXyTT, 1 July ITT July 11, and related items 1979 1979 1978 1979 Reserve Bank credit: (In millions of dollars) U.S. Government securities-- 1/ 2/ Bought outright--System account 107,875 +1,667 + 1,165 103,843 Held under repurchase agreements 225 -2,788 + 2 Special Certificates Federal Agency oblications-- Bought outright 7,761 407 7,761 Held under repurchase agreements 36 - 805 44 Acceptances- Bought outright Held under repurchase agreements 179 -1,019 157 Loans-- Total member bank borrowing 941 - 735 + 38 1,252 Includes seasonal borrowing of 161 25 + 30 158 Other borrowing Float 7,573 +2,128 + 579 1 6,958 Other F.R. assets 5,796 + 99 + 3,177 6,023 Total Reserve Bank credit 130,386 -1,453 + 4,666 125,837 Gold Stock 11,308 14 396 j 11,295 Special Drawing Rights certif. acct. 1,800 -- + 550 1,800 Treasury currency outstanding 12,420 + 11 + 813 12,447 155,913 -1,457 + 5,632 151,379 Currency in circulation 118,097 +1,212 + L0,473 118,588 Treasury cash holdings 400 -- + 36 400 Treasury deposits with F.R. Banks 3,649 + 260 - 6,862 2,919 Foreign deposits with F.R. Banks 309 22 + 10 287 Other deposits with F.R. Banks 637 - 191 90 594 Other F.R. liabilities and capital 4,185 - 519 + 407 4,257 127,277 + 74 L + 3,974 ; 127,045 Member bank reserves: With Federal Reserve Banks 28,637 -2,197 + 1,659 24,334 Currency and coin 10,759 + 326 + 998 1 10,759 Total reserves held 3/ 39,512 -1,872 + 2,702 1 35.209 Required reserves 39,512 -1,268 •!• 2,475 ' 39,512 Excess reserves 3/ -- - 604 + 227 - 4,303 NOTE-.A net of $247 million of surplus reserves were eligible to be carried forward from the week ended July 4, into the week ending July 1.1. On July 11, 1979, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were 879,484 million, an increase of $535 million for the week _1/ Net of $1,650 million, daily average, matched sale-purchase, transactions outstanding during the latest: statement week, of viich $801 million was with foreign official ; and international accounts. Includes securities loaned--fully secured by U.S. Government securities, 2/ Net of $5,809 million matched sale-purchase transactions outstanding at the end of the latest statement week,of which $1,387 million was with foreign official and international accounts. Includes $98 million securities loaned--fully secured by U.S. Government securities. V Adjusted to include $116 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

,Ka^ CONSOT. [DATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday J Change since July 11, July 4, July 12, A S S E TS 1979 1979 1978 Gold certificate account 11,295 26 - 400 Special Drawing Rights certif. acct. 1,800 -- + 550 Coin 337 21 + 78 Loans 1,252 - 1,182 + 155 Accep t anc es - - Bought, out r i ght Held undt.-r repurchase agreements .. 682 . 157 Federal Agency obligations—Bought outright 7,761 — - 407 Held under repurchase agreements I' ~ - 267 - 561 U.S. Government securities: Bought outright--Biils 35,089 - 1,223 - 8,886 Certificates Notes 55,055 + 2,058 Bonds 1^699 + 2,917 Total bought outright 2/ 103,843 - 1,223 - 3,911 Held under repurchase agreements 1/ -- -- 11,,111166 - 1,562 Total U.S. Government securities 103,843 -- 22,,333399 - 5,473 Total loans and securities 112,856 - 4,470 - 6,443 Cash items in process of collection (2,200) 13,914 380 - 179 Bank premises 397 -- + 10 Other assets 3/ __5,626 + 339 +3,385 TOTAL ASSETS (2,200) 146,225 - 4,558 -2,999 L I A B I L I T I ES Federal Reserve notes 106,878 + 766 + 9,964 Deposits: Member bank-reserves account 24,334 - 3,154 - 6,090 U.S. Treasury-general account 2,919 - 517 - 7,643 Foreign 287 - 28 + 61 Other 594 - 47 - 116 Total deposits 28,134 - 3,746 -13,788 Deferred availability cash items (2,200) 6,956 - 1,648 + 498 Other liabilities and accrued dividends 4/ 1,711 - 132 + 143 TOTAL LIABILITIES (2,200) 143,679 - 4,760 - 3,183 C A P I TA A C C O U N TS Capital paid in 1,128 + 1 + 71 Surplus 1,078 — + 49 Other capital, accounts 340 + 201 + 64 * Figures in parentheses are the eliminations made in the consolidating process. \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 555,809 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $98 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, JULY 11. 1979 (Acceptances and securities held under repurchase agreements are classified as _ KK-'.t viriiyg 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 I changes Within 15 days 1,147 4,058 + 414 82 -223 16 days to 90 days 105 14,569 -2,924 372 - 83 91 days to 1 year 32,771 + 171 1,005 + 63 Over 1 year to 5 years 28,214 -- 4,025 - 16 Over 5 years to 10 years 12,321 -- 1,502 - 8 Over 10 years 11,910 -- 777755 — Total 1,252 103,843 -2,339 77,,776611 -267 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 11, 1979 New Fhila- Cleve- Rich St. Minne Kansas San Total Boston York delnhia land mond Atlanta Chicago Louis apolis Cltv DallasiFrancisco (In millions of dollars) A S S E TS Gold certificate account 11,295 992 2,995 924 646 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 337 23 30 16 36 35 35 10 27 17 47 20 41 Loans 1,252 15 313 28 5 97 41 99 113 77 106 92 266 Acceptances: Bought outright -- — -- — -- -- — — -- -- -" "" -" Held under repurchase agreements — -- — — — — -- -• "- -- — -- ~" 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/ -- -- -- -- -- -- — -- — — — -- — U.S. Government securities: Bought outright-- Bills 35,089 1,697 8,649 1,678 2,819 2,874 1,454 5,568 1,493 780 1,549 1,912 4,616 Certificates — -- .. -- -. .. — — -- -- — — — Notes 55,055 2,663 13,570 2,632 4,423 4,509 2,281 8,737 2,343 1 ,224 2,430 3,000 7,243 Bonds 13,699 663 3,377 655 1,100 1,122 567 2,174 583 305 605 746 1.802 Total bought outright 2/ 103,843 5,023 25,596 4,965 8,342 8,505 4,302 16,479 4,419 2 ,309 4,584 5,658 13,661 Held under repurchase agreements 1/ -- -- — — — .. — — — -- — — — Total U.S. Government securities 103,843 5,023 25,596 4,965 8.342 8,505 4,302 16.479 4.419 2 .309 4.584 5.658 13.661 Total loans and securities 112,856 5,413 27,822 5,364 8,970 9,238 4,665 17,810 4,862 2 ,558 5,033 6,173 14,948 Cash items in process of collection 16,114 433 2,136 460 909 2,289 1,846 1,765 890 923 1,376 926 2,161 Bank premises 397 105 11 54 23 80 26 16 13 28 19 12 10 Other assets 3/ 5,626, 202 1,337 261 412 339 406 780 249 149 218 421 852 Interdistrict settlement account -0- - 711 - 250 - 414 - 222 + 56 - 556 + 632 - 341 - 518 + 121 + 268 +1.935 TOTAL 148,425 6,550 34,540 6,756 10,923 13,521 6,961 22,904 6,253 3 ,420 7,362 8,407 20,828 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 $5,809 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $98 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 July 11, 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 106,878 5,497 27,739 5,297 8,678 9,690 3,511 17,602 4,646 •1,902 4,692 5,523 12,101 Deposits: Member bank reserves 24,334 414 3,807 873 1,194 1,309 1,745 3,522 802 713 1,235 1,832 6,888 U.S. Treasury-general account 2,919 208 474 113 258 190 189 373 223 163 184 152 392 Foreign 287 9 87 11 23 14 20 41 8 9 11 16 Other 594 508 8 46 9 1 1 2 9 10 Total deposits 28,134 631 4,876 997 1,475 1,521 2,000 3,945 1,034 .' 886 1,432 2,009 7,328 Deferred availability cash items 9,156 270 882 284 443 2,049 1,171 736 380 520 1,067 568 786 Other liabilities and accrued dividends 1/ 1,711 71 394 74 116 124 99 239 112 36 63 161 222 TOTAL LIABILITIES 145,879 6,469 33,891 6,652 10,712 13,384 6,781 22,522 6,172 3,344 7,254 8,261 20,437 CAPITAL ACCOUNTS Capital paid in 1,128 33 287 45 94 58 85 167 35 35 47 66 176 Surplus 1,078 33 280 44 92 57 81 163 33 34 46 63 152 Other capital accounts 340 15 82 15 25 22 14 52 13 7 15 17 63 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 148,425 6,550 34,540 6,756 10,923 13,521 6,961 22,904 6,253 3,420 7,362 8,407 20,828 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 118,562 6,384 30,611 6,258 9,219 10,455 4,764 18,486 5,066 2,528 5,303 6,098 13,390 Collateral for F.R. notes: Gold certificate account 11,295 992 2,995 924 646 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 807 12 117 28 5 96 41 48 89 65 81 87 138 U.S. Gov't and agency securities 104,660 5,287 27,040 5,215 8,419 8,875 44,,118844 1166,,554477 44,,442244 22,,220000 44,,667744 55,,442244 12,371 Total collateral 118,562 6,384 30,611 6,258 9,219 10,455 44,,776644 1188,,448866 55,,006666 22,,552288 55,,330033 66,,009988 13,390 17 Includes exchange translation account reflecting the monthly revaluation at market exchange rates ot foreign exchange commitments. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis