H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and •?£:«?*•• Condition Statement of F.R. Ban^s H.4.1 For immediate release July 26, 1979 Averages < 3f daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, July 25, . July 18, i July 26, July 25, and related items 1979 * 1979 1 1978 1979 * Reserve Bank credit: (In millions of dollars) U.S. Government securities-- 1/ 21 Bought outright--System account 108,848 - 534 + 1,431 107,383 Held under repurchase agreements 1,490 - 114 139 721 Federal Agency obligations-- Bought outright 7,761 - 403 7,761 Held under repurchase agreements 751 60 + 170 721 Acceptances-- Bought outright Held under repurchase agreements 940 229 496 824 Loans-- Total member bank borrowing 1,292 -f Ill 170 1,168 Includes seasonal borrowing of: 168 + 8 + 17 166 Other borrowing Float 5,200 - 388 + 499 6,109 Other F.R. assets 5,508 - 396 + 2,651 5,275 Total Reserve Bank credit 131.790 -1 ,153 + 4,535 129,962 Gold Stock 11,291 _._ - 402 11,291 Special Drawing Rights certif. acct. 1,800 -- + 550 1,800 Treasury currency outstanding 12,456 + 8 + 832 12,456 157,337 -1 ,145 + 5,515 155,509 Currency in circulation •kit 117,447 - 635 +10,687 117,522 Treasury cash holdings •kit 350 - 3 + 17 350 Treasury deposits with F.R. Banks 3,182 - 125 - 8,037 2,336 Foreign deposits with F.R. Banks 248 - 31 31 239 Other deposits with F.R. Banks 826 - 31 + 127 j 6 75 Other F.R. liabilities and capital 4,614 + 104 + 444 4,714 126,668 - 720 + 3,207 125,836 Member bank reserves: With Federal Reserve Banks 30,669 - 426 + 2,307 1 29,673 Currency and coin 10,438 + 105 + 873 10,438 Total reserves held 3/ 41,231 - 312 + 3,227 40,235 Required reserves 41,215 - 36 + 3,174 41,215 Excess reserves 3/ 16 - 276 + 53 980 NOTE: A net of $134 million of surplus reserves were eligible to be carried forward from the week ended July 18, into the week ending July 25. On July 25, 1979, marketable U.S. Government, securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $82,093 million, an increase of $2,189 million for the week. 1/ Met of $2,300 million, daily average, matched sale-purchase trans actions outstanding during the latest statement week, of which $2,065 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. Government securities. 2/ Net of $3,840 million matched sale-purchase transactions out standing at the end of the latest statement week, of which $2,192 million was with foreign official and international accounts. Includes $237 million securities loaned--fully secured by U.S. Government securities. 3/ Adjusted to include $124 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.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since July 25, July 18, July 26, A S S E TS 1979** 1979 1978 Gold certificate account 1,291 -- - 402 Special Drawing Rights certif. acct. 1,800 — + 550 Coin 380 + 31 + 117 Loans 1,168 - 334 - 156 Acceptances--Bought outright Held under repurchase agreements 824 _ 240 + 705 Federal Agency obligations--Bought outright 7,761 -- - 403 Held under repurchase agreements 1/ 721 - 117 + 489 U.S. Government securities: Bought outright—Bills 8,629 - 1,882 - 373 Certificates Notes 55,055 2,058 Bonds 13,699 2,917 Total bought outright 2/ 107,383 1,882 + 4,102 Held under repurchase agreements 1/ 721 1,401 + 182 Total U.S. .Government securities 108,104 - 3,283 + 4,284 Total loans and securities 118,578 - 3,974 + 4,919 Cash items in process of collection (2,536) 13,490 - 645 + 2,512 Bank premises 399 + 2 + 10 Other assets V 4,876 497 + 2,339 TOTAL ASSETS (2,536) 150,814 - 5,083 +10,045 LI_ABI_LI_TI_ES Federal Reserve notes 105,796 530 + 9,912 Deposits: Member bank-reserves account 29,673 - 3,705 + 5,908 U.S. Treasury—general account 2,336 - 1,332 - 7,628 Foreign 239 30 14 Other (487) 675 + 19 + 28 Total deposits (487) 32,923 - 5,048 - 1,706 Deferred availability cash items (2,04?) 7,381 + 272 + 1,336 Other liabilities and accrued dividends 4/ 1,801 + 40 + 262 TOTAL LIABILITIES (2,536) 147,901 - 5,266 + 9,804 C A P I T AL ACCOUNTS. Capital paid in 1,129 + 72 Surplus 1,078 + 49 Other capital accounts 706 183 + 120 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 $3,840 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $237 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 25. 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 1,144 824 3,535 -2,673 761 -199 16 days to 90 days 24 18,713 -1,591 377 + 12 91 days to 1 year 33,411 + 981 994 + 22 Over 1 year to 5 years 28,214 — 4,052 + 27 Over 5 years to 10 years 12,321 — 1,502 — Over 10 years 11,910 — 796 + 21 Total 1,168 824 108,104 -3,283 8,482 -117 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 25, 1979 New Phila- Cleve Rich- St. Minne- Kansas San * Total Boston York delphia land 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 380 24 27 22 41 37 39 18 35 15 50 25 47 Loans 1,168 24 70 9 11 138 179 110 42 104 120 130 231 Acceptances: Bought outright -- -- -- -- -- -- -- -- -- -- -- -- Held under repurchase agreements 824 -- 824 -- -- -- -- __ -- -- -- -- -- 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/ 721 -- 721 -- -- -- ~ -- ~ -- -- -- U.S. Government ^securities: Bought outright— Bills 38,629 1,868 9,521 1,848 3,10^ 3,164 1,601 6,130 1,643 858 1,705 2,105 5,082 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 2J 107,383 5,194 26,468 5,135 8,627 8,795 A, 449 17,041 4,569 2,387 4,7^-0 5,851 14,127 Raid under repurchase agreements 1/ 721 -- 721 — — -- — — — -- — — -•" Total U.S. Government securities 108,104 5,194 27,189 5,135 8,627 8,795 4,449 17,041 4,569 2,387 4,740 5,851 14,127 Total loans and securities 118,578 5,593 30,717 5,515 9,261 9,569 4,950 18,383 4,941 2,663 5?203 6,404 15,379 C*?*h items in process of collection 16,026 459 2,302 1,009 933 1,985 1,619 2,267 569 972, 1,336 933 1,642 P^nk premises 399 105 11 54 23 80 27 16 13 28 19 12 11 Other assets 2/ A,876 184 1,184 255 369 312 325 683 163 168 191 317 725 Interdistrict settlement account -0- - 451 - 913 - 805 + 18 - 339 - 215 - 413 - 182 - 754 -1- 226 + 324 +3,504 TOTAL 153,350 6,999 36,778 7,065 11,440 13,128 7,284 22,845 6,092 3,355 7,573 0,602 22,189 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 $3,840 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $237 million securities loaned—fully secured by U.S. Government securities. 3/ Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. * Estimated (San Francisco District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON July 25, 1979 H.4.1(c) Phila St. Minne Kansas ** San 1 Total Boston New York delphia Cleveland Richmond Atlanta Chicago Louis apolis City Dallas Francisc< (In millions of dollars) L I A B I L I T I ES Federal Reserve notes 105,796 5,379 27,698 5,159 8,589 9,498 3,567 17,453 4,542 1,862 4,670 5,485 11,894 Deposits: Member bank reserves 29,673 991 5,651 1,313 1,744 1,445 2,097 3,723 871 738 1,589 2,047 7,464 U.S. Treasury—general account 2,336 164 652 143 187 122 183 192 127 98 134 198 136 Foreign 239 8 40 11 23 14 20 41 8 9 11 16 38 Other 1,162 2 578 1 21 47 6 * 1 2 5 499 Total deposits 33,410 1,165 6,921 1,468 1,954 1,602 2,347 3,962 1,006 846 1,736 2,266 8,137 Deferred availability cash items 9,430 284 942 242 455 1,733 1,081 736 382 526 976 583 1,490 Other liabilities and accrued dividends UUUU 1,801 73 468 76 205 128 96 255 66 37 68 101 228 TOTAL LIABILITIES 150,437 6,901 36,029 6,945 11,203 12,961 7,091 22,406 5,996 3,271 7,450 8,435 21,749 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 706 32 181 31 51 52 27 109 28 15 30 38 112 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 153,350 6,999 36,778 7,065 11,440 13,128 7,284 22,845 6,092 3,355 7,573 8,602 22,189 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 119,792 6,434 30,726 6,254 9,224 10,537 5,207 18,676 5,038 2,521 5,322 6,247 13,606 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 1,027 23 70 9 11 118 108 101 42 87 104 125 229 U.S. Gov't and agency securities 105,674 5,326 27,206 5,230 8,418 8,935 4,560 16,684 4,443 2,171 4,670 5,535 12,496 Total collateral 119,792 6,434 30,726 6,254 9,224 10,537 5,207 18,676 5,038 2,521 5,322 6,247 13,606 1/ Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. * Less than $500,000. ** Estimated (San Francisco district). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis