H.4.1 Factors Affecting Reserve Balances of Depository Institutions

V.O-^. FEDERAL RESERVE Factors Affecting Bank Reserves and •Wi^-' Condition Statement of F.R. Banks H.4.1 For immediate release August 16, 1979 Averages of da ily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, August 15,* August 8, August 16, August 15,* and related items 1979 1979 1978 1979 Reserve Bank credit: (In millions of dollars) U.S. Government securities-- 1/ 2/ Bought outright—System account 110,362 + 354 + 2,642 109,801 Held under repurchase agreements 467 + 370 + 467 -- Federal Agency obligations- Bought outright 8,243 _.. + 260 8,243 Held under repurchase agreements 123 + 99 + 123 -- Acceptances-- Bought outright _ _ Held under repurchase agreements 411 + 338 + 411 Loans-- Total member bank borrowing 1,023 + 259 + 60 2,707 Includes seasonal borrowing of: 167 - 10 17 173 Other borrowing Float 5,199 _ 78 + 133 6,636 Other F.R. assets 5,292 - 118 + 2,702 4,584 Total Reserve Bank credit 131,120 +1 ,224 + 6,797 131,971 Gold Stock 11,259 - 27 - 421 11,259 Special Drawing Rights certif. acct. 1,800 -- + 529 1,800 Treasury currency outstanding 12,501 -f 13 + 861 12,521 156,680 +1 ,210 + 7,765 157,551 Currency in circulation ** 118,498 + 536 +10,982 118,800 Treasury cash holdings ** 280 + 15 39 300 Treasury deposits with F.R. Banks 2,957 + 238 - 5,462 3,805 Foreign deposits with F.R. Banks 294 - 12 + 32 312 Other deposits with F.R. Banks 608 - 69 + 20 674 Other F.R. liabilities and capital 4,383 + 194 + 578 4,481 127,020 + 901 + 6,112 128,372 Member bank reserves: With Federal Reserve Banks 29,660 + 309 + 1,653 29,179 Currency and coin 10,883 + 69 + 1,093 10,883 Total reserves held 3/ 40,695 + 378 + 2,823 40,214 Required reserves 40,429 + 316 + 2,880 40,429 Excess reserves 3/ NOTE: A net of $40 million of surplus reserves were eligible to be carried forward from the week ended August 8, into the week ending August 15. On August 15, 1979, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $83,010 million, an increase of $1,301 million for the week. 1_/ Net of $1,537 million, daily average, matched sale-purchase transactions out standing during the latest statement week, or which $1,404 million was with foreing official and international accounts. Includes securities loaned-fully secured by U.S. Government securities. 2/ Net of $3,135 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which $2,205 million was with foreign official and international accounts. Includes $385 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 (Cleveland and St. Louis Districts). ** 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 15, August 8, . August 16, A S S E TS 1Q79** 1979 1978 Gold certificate account 11,259 1 - 421 Special Drawing Rights certif. acct. * 1,800 ~ + 500 Coin 425 + 25 + 152 Loans 2,707 + 1,820 + 1,618 Acceptances—Bought outright Held under repurchase agreements Federal Agency obligations—Bought outright 8,243 262 Held under repurchase agreements 1/ U.S. Government securities: Bought outright—Bills 40,071 + 3,246 - 5,662 Certificates Notes 55,645 + 590 + 3,248 Bonds 14,085 +_ 386 + 2,703 Total bought outright 2/ 109,801 + 4,222 + 289 Held under repurchase agreements 1/ Total U.S. Government securities 109,801 + 4,222 + 289 Total loans and securities 120,751 + 6,042 + 2,169 Cash items in process of collection (3,137) 14,038 .+ 1,659 71 Bank premises 400 + 1 + 10 Other assets \j 4,184 869 + 2,667 TOTAL ASSETS (3,137) 152,857 + 6,857 + 5,006 L I A B I L I T I ES Federal Reserve notes 107,004 + 225 +10,366 Deposits: Member bank-reserves account 29,179 + 3,839 + 744 U.S. Treasury—general account 3,805 + 1,307 - 6,630 Foreign 312 + 54 + 40 Other (547) 674 + 30 + 52 Total deposits (547) 33,970 + 5,230 - 5,794 Deferred availability cash items (2,590) 7,402 + 1,193 - 192 Other liabilities and accrued dividends 4/ 1,839 + 28 + 447 TOTAL LIABILITIES (3,137) 150,215 + 6,676 + 4,827 C A P I T AL A C C O U N TS Capital paid in 1,130 _— + 73 Surplus 1,078 — + 49 Other capital accounts 434 + 181 + 57 Figures in parentheses are the eliminations made in the consolidating process. Estimated (Cleveland and St. Louis Districts). 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 $3,135 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $385 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 15, 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 2,575 3,509 - 957 150 +150 16 days to 90 days 132 19,520 +3,896 279 -150 91 days to 1 year 35,464 +1,891 1,173 - 1 Over 1 year to 5 years 26,791 - 894 4,340 — Over 5 years to 10 years 12,221 - 100 1,505 — Over 10 years 12,296 + 386 796 + 1 Total 2,707 109,801 +4,222 8,243 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 15, 1979 New Phila Cleve Rich St. Minne Kansas San Total Boston York delphia land* mond Atlanta Chicago Loui s * apolis Citv Dallas Franciscc (In millions of dollars) A S S E TS Gold certificate account 11,259 992 2,959 924 646 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 425 25 27 23 47 46 46 25 37 15 51 28 55 Loans 2,707 65 1,490 66 46 153 122 102 127 82 82 137 235 Acceptances: — — — -- Bought outright :: __ __ -_ __ ... __ «._ 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 \! U.S. Government securities: Bought outright— Bills 40,071 1,938 9,876 1,916 3,219 3,282 1,660 6,359 1,705 891 1,769 2,184 5,272 CCCeeerrrtttiiifffiiicccaaattteeesss 55,645 2,691 13,716 2,661 4,470 4,557 2,306 8,831 2,368 1 ,237 2,456 3,032 7,320 NNNooottteeesss 14,085 681 3,472 673 1,132 1,154 584 2,235 599 313 622 767 1,853 BBBooonnndddsss TTToootttaaalll bbbooouuuggghhhttt ooouuutttrrriii$$$iiittt 222/// 109,801 5,310 27,064 5,250 8,821 8,993 4,550 17,425 4,672 2 ,441 4,847 5,983 14,445 Held under repurchase agreements 1/ -- -- -- -- -- -- -- -- -- -- -- -- -- Total U.S. Government securities 109,801 5,310 27,064 5,250 8,821 8,993 4,550 17,425 4,672 2 ,441 4,847 5,983 14,445 Total loans and securities 120,751 5,774 30,586 5,710 9,529 9,821 5,014 18,835 5,150 2 ,706 5,293 6,569 15,764 Cash items in process of collection 17,175 519 2,666 451 857 2,711 2,069 2,268 677 845 1,519 977 1,616 Bank premises 400 105 12 54 23 80 27 16 13 28 19 12 11 Other assets 3/ 4,184 146 978 170 370 247 329 547 179 115 155 310 638 Interdistrict settlement account -0- - 710 + 987 - 541 - 415 - 67 - 455 + 46 - 329 - 482 + 146 + 664 +1,156 TOTAL 155,994 6,944 38,674 6,882 11,206 14,322 7,569 23,628 6,280 3 ,490 7,731 9,147 20,121 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 $3,135 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $385 million securities loaned—fully secured by U.S. Government securities. 3/ Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. * Estimated (Cleveland and St. Louis Districts). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON August 15, 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 dollarr ss)) L I A B I L I T I ES Federal Reserve notes 107,004 5,447 28,182 5,219 8,718 9,622 3,389 1177,,666633 44,,557744 11,,885599 44,,773333 55,,552244 12,074 Deposits: Member bank reserves 29,179 862 6,476 1,120 1,555 1,436 2,166 33,,992222 994466 779977 11,,550011 22,,333388 6,060 U.S. Treasury—general account 3,805 104 1,133 134 112 552 310 448855 115500 110000 114444 331100 271 Foreign 312 8 120 11 22 14 19 3399 88 88 1111 1155 37 Other 1,221 573 1 16 49 1100 11 33 22 1111 555 Total deposits 34,517 974 8,302 1,265 1,690 2,018 2,544 44,,445566 11,,110055 990088 11,,665588 22,,667744 6,923 Deferred availability cash items 9, 992 364 1,082 218 437 2,408 1,352 886622 445511 660099 11,,116633 558877 459 Other liabilities and accrued dividends 1/ 1,839 75 435 72 142 127 99 225522 6644 3355 6666 220099 263 TOTAL LIABILITIES 153,352 6,860 38,001 6,774 10,987 14,175 7,384 23,233 6,194 3,411 7,620 8,994 19,719 CAPITAL ACCOUNTS Capital paid in 1,130 33 288 45 94 58 85 168 35 35 47 66 176 Surplus 1 1,078 33 280 44 92 57 81 163 33 34 46 63 152 Other capital accounts i 434 18 1Q5 19 33 32 19 64 18 10 18 24 74 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 155,994 6,944 38,674 6,882 11,206 14,322 7,569 23,628 6,280 3,490 7,731 9,147 20,121 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 120,697 6,455 31,262 6,267 9,350 10,543 5,131 18,868 5,106 2,536 5,418 6,209 13,552 Collateral for F.R. notes: Gold certificate account 11,259 992 2,959 924 646 1,323 475 1,591 474 231 473 501 670 Special Drawing Rights certif. acct. 1,800 93 459 91 149 161 6* 300 79 32 75 86 211 Eligible paper 1,644 64 853 21 46 121 77 80 77 65 73 126 41 U.S. Gov't sr>d agency securities 105,994 5,306 26,991 5,231 8,509 8,938 4,515 16,897 4,476 2,208 4,797 5,496 • 12,630 Total collateral 120,697 6,455 31,262 6,267 9,350 10,543 5,131 18,868 5,106 2,536 5,418 6,209 13,552 l_/ Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. * Estimated (Cleveland and St. Louis Districts). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis