H.4.1 Factors Affecting Reserve Balances of Depository Institutions

m&z-"i*+-. FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release July 19, 1979 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, July 18, July 11, July 19, July 18, and related items 1979 1979 1978 1979 Reserve Bank credit: (In millions of dollars) U.S. Government securities-- Bought outright—System account ^109,332 +1,507 + 1,220 ^109,265 Held under repurchase agreements 1,604 +1,379 329 2,122 Federal Agency obligations— Bought outright 7,761 »_ - 407 7,761 Held under repurchase agreements 811 + 775 + 66 838 Acceptances— Bought outright Held under repurchase agreements 711 + 532 + 420 1,064 Loans— Total member bank borrowing 1,181 + 240 - 408 1,502 Includes seasonal borrowing of: 160 1 + 22 162 Other borrowing Float 5,602 -1,943 + 309 7,026 Other F.R. assets 5,904 + 108 + 3,232 5,770 Total Reserve Bank credit 132,957 +2,599 + 4,105 135,348 Gold Stock 11,291 17 - 402 11,291 Special Drawing Rights certif. acct. 1,800 -- + 550 1,800 Treasury currency outstanding 12,448 + 28 + 835 12,456 158,496 +2,611 + 5,087 160,895 Currency in circulation 118,084 - 51 +10,742 118,083 Treasury cash holdings 351 11 + 6 350 Treasury deposits with F.R. Banks 3,307 - 342 - 7,157 3,668 Foreign deposits with F.R. Banks 279 - 30 + 23 269 Other deposits with F.R. Banks 857 + 220 + 195 656 Other F.R. liabilities and capital 4,510 + 325 + 508 4,491 127,388 + 111 + 4,316 127,517 Member bank reserves: With Federal Reserve Banks 31,109 +2,500 + 772 33,378 Currency and coin 10,333 - 426 + 1,253 10,333 Total reserves held 41,557 +2,073 + 2,069 1 43,826 Required reserves 41,251 +1,739 + 2,135 41,251 Excess reserves 306 + 334 66 ' 2,575 NOTE: A net of $17 million of deficit reserves were eligible to be carried forward from the week ended July 11, into the week ending July 18. On July 18, 1979, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $79,904 million, an increase of $420 million for the week. 1/ Net of $1,374 million, daily average, matched sale-purchase trans actions outstanding during the latest statement week, of which $1,374 million was with foreign official and international accounts. Includes securities loane --fully secured by U.S. Government securities. 2/ Net of $1,771 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which $1,771 million was with foreign official and international accounts. Includes $140 million securities loaned--fully secured by U.S. Government securities. 3/ Adjusted to include $1.15 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

. li'u- CONSOT.CDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS fin millions of dollars') WWeeddnneessddaayy Change since JJuullyy 1188,, July 11, July 19, A S S E TS 1979 1979 1978 <iold certificate account 11,291 - 4 - 402 Special Drawing Rights certif. acct. * 1,800 — + 550 Coin 349 + 12 + 86 Loans 1,502 + 250 - 3,772 Acceptances—Bought outright Held under repurchase agreements 1,064 + 1,064 + 396 Federal Agency obligations--Bought outright 7,761 — - 407 Held under repurchase agreements 1/ 838 + 838 - 468 U.S. Government securities: Bought outright--Bills 40,511 + 5,422 - 3,727 Certificates Notes 55,055 -- + 2,058 Bonds 1133,,669999 — 2,917 Total bought outright 2/ 110099,,226655 + 5,422 ++ 1,248 Held under repurchase agreements 1/ 2,122 + 2,122 - 1,476 Total U.S. Government securities 111,387 + 7,544 - 228 Total loans and securities 122,552 + 9,696 - 4,479 Cash items in process of collection (2,598) 14,135 + 221 + 1,403 Bank premises 397 — + 7 Other assets JV 5,373 - 253 + 2,964 TOTAL ASSETS (2,598) 155,897 +_9 ,672 +_ 129 LIABILITIES Federal Reserve notes (2,598) 106,326 552 +10,043 Deposits: Member bank-reserves account 33,378 + 9,044 - 4,198 U.S. Treasury—general account 3,668 + 749 - 6,533 Foreign 269 - 18 + 6 Other 656 + 62 + 11 Total deposits 37,971 + 9,837 -10,714 Deferred availability cash items (2,598) 7,109 + 153 + 459 Other liabilities and accrued dividends 4/ 1,761 + 50 + 127 TOTAL LIABILITIES (2,598) 153,167 + 9,488 - 85 C A P I T AL ACCOUNTS Capital paid in 1,129 + 1 + 71 Surplus 1,078 -- + 49 Other capital accounts 523 + 183 + 94 Figures in parentheses are the eliminations made in the consolidating process. 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 $1,771 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $140 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 18, 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 1,479 1,064 6,208 +2,150 960 +878 16 days to 90 days 23 — 20,304 +5,735 365 - 7 91 days to 1 year -- — 32,430 - 341 972 - 33 Over 1 year to 5 years — -- 28,214 -- 4,025 -- Over 5 years to 10 years — — 12,321 -- 1,502 — Over 10 years -- -- 11,910 -- 775 -- Total 1,502 1,064 111,387 +7,544 8,599 +838 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 18, 1979 New Phila Cleve- Rich St. Minne- Kansas San Total , Boston York delphia land 1 mond Atlanta Chicago Louis apolis City Dallas Francisco (In millions of dollars) A S S E TS Gold certificate account 11,291 992 2,991 924 646 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 349 23 28 18 35 35 38 15 30 16 49 22 40 Loans 1,502 19 388 60 14 205 177 127 28 87 108 188 101 Acceptances: Bought outright -- -- -- -- -- -- — -- -- -- -- -- -- Held under repurchase agreements 1,064 -- 1,064 -- -- -- -- -- -- -- -- -- — 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 \J 838 -- 838 -- -- — -- — -- -- -- -- -- U.S. Government securities: Bought outright— Bills 40,511 1,959 9,985 1,937 3,255 3,318 1,679 6,429 1,723 900 1,788 2,208 5,330 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/ 109,265 5,285 26,932 5,224 8,778 8,949 4,527 17,340 4,649 2 ,429 4,823 5,954 14,375 Held under repurchase agreements 1/ 2,122 .- 2,122 -- -- -- -- -- -- -- -- ... -- Total U.S. Government securities 111,387 5,285 29,054 5,224 8,778 8,949 4,527 17,340 4,649 2 ,429 4,823 5,954 14,375 Total loans and securities 112222,,555522 55,,667799 "" 3333,,225577 55,,665555 99,,441155 99,,779900 55,,002266 1188,,669999 55,,000077 22 ,,668888 55,,227744 66,,556655 15,497 Cash items in process of collection 1166,,773333 557777 22,,004455 882211 997777 22,,779955 11,,884477 22,,001155 668844 779977 11,,440011 995599 1,815 Bank premises 397 105 11 54 23 80 26 16 13 28 19 12 10 Other assets 3/ 5,373 196 1,301 287 406 334 420 759 187 145 206 303 829 Interdistrict settlement account -0- - 360 -2,013 - 906 + 327 - 206 - 189 + 685 14 - 407 + 228 + 614 +2,241 TOTAL 158,495 7,305 38,079 6,944 11,978 14,312 7,707 24,080 6,460 3 ,530 7,725 9,062 21,313 1/ Does net 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 $1,771 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $140 million securities loaned—fully secured by U.S. Government securities. 3/ Includes assets denominated in foriegn 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 JiLl y 18, 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 106,326 5,426 27,611 5,220 8,604 9,597 3,746 17,445 4,557 1,878 4,684 5,533 12,025 Deposits: Member bank reserves 33,378 1,073 6,739 1,020 2,268 1,679 2,191 4,647 1,120 787 1,519 2,372 7,963 U.S. Treasury—general account 3,668 271 717 233 243 268 270 453 174 215 231 296 297 Foreign 269 9 69 11 23 14 20 41 8 9 11 16 38 Other 656 558 1 21 46 7 2 2 2 7 10 Total deposits 37,971 1,353 8,083 1,264 2,535 1,982 2,527 5,148 1,304 1,013 1,763 2,691 8,308 Deferred availability cash items 9,707 363 1,200 274 478 2,441 1,148 829 419 522 1,095 595 343 Other liabilities and accrued dividends 1111//// 1,761 74 486 74 136 140 99 247 92 37 68 86 222 TOTAL LIABILITIES 155,765 7,216 37,380 6,832 11,753 14,160 7,520 23,669 6,372 3,450 7,610 8,905 20,898 CAPITAL ACCOUNTS Capital paid in 1,129 33 288 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 523 23 131 23 39 37 21 81 20 11 22 28 87 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 158,495 7,305 38,079 6,944 11,978 14,312 7,707 24,080 6,460 3,530 7,725 9,062 21,313 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 119,204 6,413 30,559 6,218 9,210 10,551 5,182 18,458 5,048 2,509 5,316 6,189 13,551 Collateral for F.R. notes: Gold certificate account 11,291 992 2,991 924 646 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 1,090 15 233 60 13 161 112 120 27 75 83 171 20 U.S Gov't and agency g/ecurities 105,023 5,313 26,876 5,143 8,402 8,906 4,531 16,447 4,468 2,171 4,685 5,431 12,650 # Total collateral 119,204 6,413 30,559 6,218 9,210 10,551 5,182 18,458 5,048 2,509 5,316 6,189 13,551 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