H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and :*Al RE^ • Condition Statement of F.R. Banks H.4.1 For immediate release August 2, 1979 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, August 1, July 25, August 2, August 1, and related items 1979 * 1979 1978 1979 * Reserve Bank credit: (In millions of dollars) U.S. Government securities-- 1/ 2/ Bought outright—System account 110,321 +1,473 + 2,305 110,015 Held under repurchase agreements 782 - 708 + 191 275 Federal Agency obligations-- Bought outright 9,243 + 482 + 81 8,243 Held under repurchase agreements 310 - 441 + 150 166 Acceptances— Bought outright Held under repurchase agreements 834 106 680 588 Loans— Total member bank borrowing 946 - 346 - '492 1,348 Includes seasonal borrowing of 173 + 5 + 11 166 Other borrowing Float 4,543 - 684 - 377 5,630 Other F.R. assets 5,261 - 248 +.2,401 5,468 Total Reserve Bank credit 131,241 - 577 + 4,940 131,733 Gold Stock 11,291 -- - 402 11,290 Special Drawing Rights certif. acct. 1,800 -. + 550 1,800 Treasury currency outstanding 12,469 + 13 + 847 12,475 156,800 - 565 + 5,934 157,298 Currency in circulation ** 117,288 _ 192 +10,575 117,739 Treasury cash holdings ** 343 + 23 + 11 350 Treasury deposits with F.R. Banks 3,095 - 87 - 7,511 4,012 Foreign deposits with F.R. Banks 282 + 34 + 24 226 Other deposits with F.R. Banks 716 - 110 + 15 1,161 Other F.R. liabilities and capital 4,920 + 302 + 765 4,960 126,645 - 30 + 3,880 128,448 Member bank reserves: With Federal Reserve Banks 30,155 - 534 + 2,054 28,850 Currency and coin 10,796 + 358 + 915 10,796 Total reserves held 11 41,076 - 175 + 3,018 39,771 Required reserves 40,856 - 359 + 3,151 40,856 Excess reserves 33// 220 + 184 133 - 1,085 NOTE: A net of $10 million of deficit reserves were eligible to be carried forward from the week ended July 25, into the week ending August 1. On August 1, 1979, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $82,259 million, an increase of $166 million for the week. 1/ Net of $991 million, daily average, matched sale-purchase trans actions Outstanding during the latest statement week, of which $991 million was with foreign official-'aad international accounts. Includes securities loaned--fully secured by U.S. Government securities. 2/ Net of $1,421 million matched sale-purchase transactions out standing at the end of the latest statement week, of which $1,421 million was with foreign official and international accounts. Includes $84 million securities loaned--fully secured by U.S. Government securities. V Adjusted to include $125 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. * Estimated (Cleveland District). ** Estimated (Treasury's Figures). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.Ua> CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since ** August 1, July 25, August 2, A S S E TS 1979 1Q7Q 1978 Gold certificate account 1,290 - 1 - 402 Special Drawing Rights certif. acct. * 1,800 — + 550 Coin 398 + 18 + 128 Loans 1,348 + 180 - 940 Acceptances--Bought outright -- — — Held under repurchase agreements 588 - 236 + 110 Federal Agency obligations--Bought outright 8,243 + 482 + 85 Held under repurchase agreements 1/ 166 - 555 - 366 U.S. Government securities: Bought outright--Bills 41,261 +2,632 -3,095 Certificates Notes 55,055 — +2,058 Bonds 13,699 — +2,917 Total bought outright 2/ 110,015 +2,632 +1,880 Held under repurchase agreements 1/ 275 - 446 -1.511 Total U.S. Government securities 110,290 +2,186 + 369 Total loans and securities 120,635 +2,057 - 742 Cash items in process of collection 12,573 + 224 - 143 (2,221) 399 — + 11 Bank premises 5,069 + 186 +2,550 Other assets _/ 152,164 +2^484 +1,952 TOTAL ASSETS (2,221) L I A B I L I T I ES Federal Reserve notes 106,012 + 190 +9,992 Deposits: Member bank-reserves account 28,850 - 812 -2,607 U.S. Treasury-general account 4,012 +1,676 -7,561 Foreign 226 - 13 - 17 Other 1,161 + 486 + 435 Total deposits 34,249 +1,337 -9,750 Deferred availability cash items (2,221) 6,943 + 738 + 400 Other liabilities and accrued dividends 4/ 1,867 + 39 + 371 TOTAL LIABILITIES (2,221) 149,071 +2,304 +1,013 C A P I T AL A C C O U N T S. Capital paid in 1,130 + 1 + 73 Surplus 1,078 -- + 49 Other capital accounts 885 + 179 + 817 * Figures in parentheses are the eliminations made in the consolidating process. Estimated (Cleveland 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 $741 million was outstanding at the end of the latest statement week. 2/ Net of $1,421 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 84 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. AUGUST 1, 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 1,219 588 5,223 +1,688 166 -595 16 days to 90 days 129 19,116 + 403 377 — 91 days to 1 year 34,035 + 624 1,225 +231 Over 1 year to 5 years 27,685 - 529 4,340 +288 Over 5 years to 10 years 12,321 — 1,505 + 3 Over 10 years 11,910 — 779966 — Total 1,348 588 110,290 +2,186 88,,440099 - 73 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 AUGUST 1, 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 11,290 992 2,99.0 924 646 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 86 211 398 24 26 24 43 42 43 19 38 15 52 24 48 Coin .1,348 166 28 15 47 35 129 112 131 94 88 58 445 Loans Acceptances: Bought outright 588 — 588 — — — — -- — — — — — Held under repurchase agreements Federal Agency obligations-- Bought outright 8,243 399 2,032 394 662 675 342 1,308 351 183 ,364 449 1,084 Held under repurchase agreements hJ 166 166 U.S. Government securities: Bou B g i h l t l s outright-- 41,261 1,995 10,170 1,973 3,315 3,379 1,710 6,548 1,755 917 1,822 2,248 5,429 CCCeeerrrtttiiifffiiicccaaattteeesss 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 NNNooottteeesss 13,699 663 3,377 655 1,100 1,122 567 2,174 583 305 605 746 1,802 BBBooonnndddsss TTToootttaaalll bbbooouuuggghhhttt ooouuutttrrriiiggghhhttt UUU 110,015 5,321 27,117 5,260 8,838 9,010 4,558 17,459 4,681 2 ,446 4,857 5,994 14,474 HHHeeelllddd uuunnndddeeerrr rrreeepppuuurrrccchhhaaassseee aaagggrrreeeeeemmmeeennntttsss \\\lll 275 275 110,290 5,321 27,392 5,260 8,838 9,010 4,558 17,459 4,681 2 ,446 4,857 5,994 14,474 112200,,663355 55,,888866 3300,,220066 55,,666699 99,,554477 99,,772200 55,,002299 1188,,887799 55,,116633 22 ,,772233 55,,330099 66,,550011 16,003 Total loans and securities CCaasshh iitteemmss iinn pprroocceessss ooff ccoolllleeccttiioonn 1144,,779944 444444 11,,779922 442233 11,,001100 22,,445500 11,,669922 11,,669966 666699 884411 11,,339922 996600 1,425 339999 110055 1111 5544 2233 8800 2277 1166 1133 2288 1199 1122 11 BBaannkk pprreemmiisseess 55,,006699 118822 11,,222266 225511 337711 331166 333377 770011 116666 113300 220077 228877 895 OOtthheerr aasssseettss 11'' IInntteerrddiissttrriicctt sseettttlleemmeenntt aaccccoouunntt --00-- -- 668811 ++ 442288 -- 666699 -- 220022 ++ 4400 -- 119911 ++ 339999 -- 440066 445544 ++ 6655 ++ 771100 + 961 TTOOTTAALL 154,385 7,045 37,138 6,767 11,587 14,132 7,476 23,601 6,196 3 ,546 7,592 9,081 20,224 * Estimated (Cleveland District). 1/ Does not include U.S. Government and Federal Agency securities resold under matched sale-purchaae transactions to foreign official and international accounts, ~ of which $741 million was outstanding at the end of the latest statement week. 2/ Net of $1 421 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $84 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 August 1, 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 106,012 5,388 27,802 5,170 8,604 9,535 3,504 17,465 4,552 1,851 4,678 5,498 11,965 Deposits: Member bank reserves 28,850 862 5,519 842 1,553 1,794 2,104 4,226 872 829 1,368 2,404 6,477 U.S. Treasury—general account 4,012 283 440 328 337 360 332 400 157 198 298 299 580 Foreign 226 8 34 11 22 14 19 39 8 8 11 15 37 Other 1,161 1 1,054 1 20 44 8 9 3 2 7 12 Total deposits 34,249 1,154 7,047 1,181 1,913 2,188 2,499 4,673 1,046 1,038 1,679 2,725 7,106 Deferred availability cash items 9,164 322 1,029 211 631 2,098 1,155 745 431 533 1,036 592 381 Other liabilities and accrued dividends V 1,867 76 463 76 185 130 118 250 64 36 69 90 310 TOTAL LIABILITIES j 151,292 6,940 36,341 6,638 11,333 13,951 7,276 23,133 6,093 3,458 7,462 19,762 CAPITAL ACCQUETTS Capital paid in 1,130 33 288 45 94 58 85 168 35 35 47 66 176 Surplus 1,078 33 280 44 92 57 81 163 33 34 46 63 152 Other capital accounts 885 39 229 40 68 66 34 137 35 19 37 47 134 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 154,385 7,045 37,138 6,767 11,587 14,132 7,476 23,601 6,196 3,546 7,592 9,081 20,224 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 120,150 6,470 30,898 6,273 9,257 10,538 5,186 18,776 5,059 2,5*3 5,354 6,221 13,585 Collateral for F.R. notes: Gold certificate account 11,290 992 2,990 924 646 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 921 164 28 15 47 32 66 90 75 77 71 47 209 U.S. Gov't and Agency Securities 110066,,113399 5,221 27,421 5,243 8,415 9,022 4,581 16,795 4,431 2,193 4,735 5.587 12,495 Total collateral 112200,,115500 6,470 30,898 6,273 9,257 10,538 5,186 18,776 5,059 2,533 5,554 6,221 13,585 * Estimated (Cleveland District). L/ 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