H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and .f$LRE*V Condition Statement of F.R. Banks H.4.1 For immediate release August 9, 1979 J°- Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, August 8, August 1, August 9, August 8, and related items 1979 1979 1978 1979 Reserve Bank credit: (In millions of dollars) U.S. Government securities-- 1/ 1/ Bought outright—System account 110,008 - 313 + 3,344 105,579 Held under repurchase agreements 97 - 685 - 6 Federal Agency obligations-- Bought outright 8,243 159 8,243 Held under repurchase agreements 24 - 286 13 Acceptances— Bought outright Held under repurchase agreements 73 761 72 Loans-- Total member bank borrowing 764 . - 182 - 114 887 Includes seasonal borrowing of: 177 + 4 - 2 164 Other borrowing Float 5,262 + 721 + 472 6,170 Other F.R. assets 5,410 + 149 + 2,542 5,452 Total Reserve Bank credit 129,881 -1, 357 + 6,482 126,331 Gold Stock 11,286 - 5 - 404 11,260 Special Drawing Rights certif. acct. 1,800 -- + 550 1,800 Treasury currency outstanding 12,488 + 19 + 857 12,493 155,455 -1, 342 + 7,485 151,884 Currency in circulation * 117,947 + 594 +10,817 118,571 Treasury cash holdings * 280 - 3 - 41 300 Treasury deposits with F.R. Banks 2,719 - 376 -6,006 2,498 Foreign deposits with F.R. Banks 306 + 24 - 25 258 Other deposits with F.R. Banks 677 - 39 + 58 644 Other F.R. liabilities and capital 4,189 - 728 + 539 4,272 126,119 - 527 + 5,343 126,543 Member bank reserves: With Federal Reserve Banks 29,336 - 815 + 2,142 25,340 Currency and coin 10,814 + 18 + 924 10,814 Total reserves held / 40,302 - 770 + 3,143 36,306 Required reserves 40,113 - 743 + 2,969 40,113 Excess reserves / 189 - 27 + 174 - 3,807 NOTE: A net of $133 million of surplus reserves were eligible to be carried forward from the week ended August 1, into the week ending August 8. On August 8, 1979, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $81,709 million, a decrease of $550 million for the week. 1/ Net of $1,426 million, daily average, matched sale-purchase trans actions outstanding during the latest statement week, of which $542 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. Government securities. 2/ Net of $5,856 million matched sale-purchase transactions out standing at the end of the latest statement week, of which $1,332 million was with foreign official and international accounts. Includes $143 million securities loaned--fully secured by U.S. Government securities. 3/ Adjusted to include $152 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

H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since August 8, August 1, August 9, A S S. E T S. 1979 1979 1978 Gold certificate account 11,260 30 - 423 Special Drawing Rights certif. acct. * 1,800 — + 550 Coin 400 2 + 126 Loans 887 461 + 35 Acceptances--Bought outright Held under repurchase agreements 588 10 Federal Agency obligations—Bought outright 8,243 — + 258 Held under repurchase agreements 1/ 166 78 U.S. Government securities: Bought outright—Bills 36,825 4,436 - 4,189 Certificates Notes 55,055 + 2,058 Bonds 13,699 + 2,917 Total bought outright 2/ 105,579 - 4,436 + 786 Held under repurchase agreements 1/ - 275 721 Total U.S. Government securities 105,579 - 4,711 ± 65 Total loans and securities 114,709 - 5,926 + 270 Cash items in process of collection (2,251) 12,379 55 + 1,230 Bank premises 399 — + 10 Other assets \l 5,053 16 + 2,531 TOTAL ASSETS (2,251) 146,000 - 6,025 + 4,294 LIABI_LI_TI_EjS Federal Reserve notes 106,779 + 735 +10,121 Deposits: Member bank-reserves account 25,340 - 3,510 - 1,505 U.S. Treasury—general account 2,498 - 1,514 - 5,203 Foreign 258 + 32 43 Other 644 - 517 26 Total deposits 28,740 - 5,509 - 6,777 Deferred availability cash items (2,251) 6,209 - 585 + 368 Other liabilities and accrued dividends 4/ 1,811 34 + 424 TOTAL LIABILITIES (2,251) 143,539 -5,393 +4,136 C A P I T AL A C C O U N TS Capital paid in 1,130 — + 74 Surplus 1,078 — + 49 Other capital accounts 253 - 632 + 35 * 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 $5,856 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $143 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. AUGUST 8, 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 742 4,466 - 757 — -166 16 days to 90 days 145 15,624 -3,492 429 + 52 91 days to 1 year 33,573 - 462 1,174 - 51 Over 1 year to 5 years 27,685 — 4,340 — Over 5 years to 10 years 12,321 — 1,505 — Over 10 years 11,910 — 779955 - 1 Total 887 105,579 -4,711 88,,224433 -166 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 8, 1979 New Phila Cleve Rich St. Minne Kansas San Total Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas Franciscc (In mill ions of dollars) A S S E TS Gold certificate account 11,260 992 2,959 924 646 1,323 475 1,591 474 232 473 501 670 Special Drawing Rights certif. acct. 1,800 93 459 91 149 161 64 300 79 32 75 86 211 Coin 400 23 27 22 43 44 45 18 36 16 51 25 50 Loans 887 23 211 110 35 36 47 87 40 91 73 131 3 Acceptances: Bought outright _- _„ Held under repurchase agreements "• — "" FFeeddeerraall AAggeennccyy oobblliiggaattiioonnss---- BBoouugghhtt oouuttrriigghhtt 8,243 399 2,032 394 662 675 342 1,308 351 183 364 449 1,084 HHeelldd uunnddeerr rreeppuurrcchhaassee aaggrreeeemmeennttss ±±JJ "" U.S. Government securities: Bought outright— 36,825 1,781 9,077 1,761 2,958 3,016 1,526 5,844 1,567 818 1,625 2,007 4,845 Bills CCCCCeeeeerrrrrtttttiiiiifffffiiiiicccccaaaaattttteeeeesssss 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 NNNNNooooottttteeeeesssss 13,699 663 3,377 655 1,100 1,122 567 2,174 583 305 605 746 1,802 BBBBBooooonnnnndddddsssss 105,579 5,107 26,024 5,048 8,481 8,647 4,374 16,755 4,493 2,347 4,660 5,753 13,890 TTTTToooootttttaaaaalllll bbbbbooooouuuuuggggghhhhhttttt ooooouuuuutttttrrrrriiiiiggggghhhhhttttt 22222///// HHHHHeeeeelllllddddd uuuuunnnnndddddeeeeerrrrr rrrrreeeeepppppuuuuurrrrrccccchhhhhaaaaassssseeeee aaaaagggggrrrrreeeeeeeeeemmmmmeeeeennnnntttttsssss ±±±±±JJJJJ 105,579 5,107 26,024 5,048 8,481 8,647 4,374 16,755 4,493 2,347 4,660 5,753 13,890 TTTTToooootttttaaaaalllll UUUUU.....SSSSS..... GGGGGooooovvvvveeeeerrrrrnnnnnmmmmmeeeeennnnnttttt ssssseeeeecccccuuuuurrrrriiiiitttttiiiiieeeeesssss 114,709 5,529 28,267 5,552 9,178 9,358 4,763 18,150 4,884 2,621 5,097 6,333 14,977 TTTTToooootttttaaaaalllll llllloooooaaaaannnnnsssss aaaaannnnnddddd ssssseeeeecccccuuuuurrrrriiiiitttttiiiiieeeeesssss Cash items in process of collection 14,630 421 2,515 347 951 2,331 1,723 1,681 784 670 1,255 790 1,162 399 105 11 54 23 80 27 16 13 28 19 12 11 Bank premises 5,053 193 1,278 259 447 325 325 715 172 132 215 291 701 Other assets ±' Interdistrict settlement account -0- - 740 +1,130 - 563 - 344 - 115 - 268 - 126 - 387 - 247 + 205 + 372 +1,083 TOTAL 148,251 6,616 36,646 6,686 11,093 13,507 7,154 22,345 6,055 3,484 7,390 8,410 18,865 1/ Does not include U.S. Government and Federal Agency securities resold under matched sale-purchase transactions to foreign official andi nternational accounts, of which $-0- million was outstanding at the end of the latest statement week 2/ Net of $5,856 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $143 million sceu rities 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 8, 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 106,779 5,412 27,991 5,233 8,714 9,614 3,490 17,594 4,585 1,859 4,725 5,528 12,034 Deposits: Member bank reserves 25,340 635 5,838 949 1,273 1,430 1,847 2,974 800 877 1,329 1,894 5,494 U.S. Treasury—general account 2,498 129 155 120 280 210 261 378 143 153 181 205 283 Foreign 258 8 66 11 22 14 19 39 8 8 11 15 37 Other 644 1 549 1 15 53 5 1 2 8 9 Total deposits 28,740 773 6,608 1,080 1,576 1,669 2,180 3,396 951 1,039 1,523 2,122 5,823 Deferred availability cash items 8,460 263 981 201 376 1,965 1,210 742 378 476 974 532 362 Other liabilities and accrued dividends 1/ 1,811 92 439 73 222 127 96 246 63 35 65 85 268 TOTAL LIABILITIES 145,790 6,540 36,019 6,587 10,888 13,375 6,976 21,978 5,977 3,409 7,287 - 8,267 18,487 CAPITAL ACCOUNTS 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 253 10 59 10 19 17 12 36 10 6 10 14 50 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 148,251 6,616 36,646 6,686 11,093 13,507 7,154 22,345 6,055 3,484 7,390 8,410 18,865 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 120,479 6,470 31,051 6,278 9,313 10,554 5,132 18,843 5,091 2,532 5,414 6,204 13,597 Collateral for F.R. notes: Gold certificate account 11,260 992 2,959 924 646 1,323 475 1,591 474 232 473 501 670 Special Drawing Rights certif. acct. 1,800 93 459 91 149 161 64 300 79 32 75 86 211 Eligible paper 689 23 137 59 35 33 40 70 35 ' 72 69 113 3 U.S. Gov't and Agency Securities 106,730 5,362 27,496 5,204 8,483 9,037 4,553 16,882 4,503 2,196 4,797 5,504 12,713 Total collateral 120,479 6,470 31,051 6,278 9,313 10,554 5,132 18,843 5,091 2,532 5,414 6,204 13,597 * Less than $500,000. JL/ 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