H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and ••.f**RE?F Condition Statement of F.R. Banks H.4.1 For immediate release August 23, 1979 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, August 22, August 15, 1 August 23 August 22, and related items 1979 * 1979 1 1978 1979 Reserve Bank credit: (In millions of dollars) U.S. Government securities-- 1/ \ll Bought outright—System account 111,446 +1,084 + 2,353 | 111,222 Held under repurchase agreements 948 + 481 332 "" Federal Agency obligations-- Bought outright 8,243 -- + 262 8,243 Held under repurchase agreements 486 + 363 + 263 -- Acceptances— Bought outright Held under repurchase agreements 572 + 161 + 420 -- Loans-- Total member bank borrowing 1,386 + 363 220 1,509 Includes seasonal borrowing of: 175 + 8 17 171 Other borrowing Float 4,814 - 435 7 5,700 Other F.R. assets 4,525 - 749 + 2,580 4,457 Total Reserve Bank credit 132,421 +1,269 + 5,320 131,131 Gold Stock 11,259 .- - 421 11,259 Special Drawing Rights certif. acct. 1,800 — + 500 1,800 Treasury currency outstanding 12,551 + 50 + 900 12,560 158,030 +1,318 + 6,298 156,750 Currency in circulation ** 118,362 - 150 +11,102 118,455 Treasury cash holdings ** 270 + 3 44 270 Treasury deposits with F.R. Banks 3,183 + 226 - 7,627 2,851 Foreign deposits with F.R. Banks 293 1 + 23 262 Other deposits with F.R. Banks 563 - 45 — 539 Other F.R. liabilities and capital 4,717 + 330 + 656 4,712 127,389 + 364 + 4,112 127,089 Member bank reserves: With Federal Reserve Banks 30,642 + 954 + 2,187 29,661 Currency and coin 9,848 -1,035 + 1,071 9,848 Total reserves held 40,641 - 82 + 3,334 39,660 Required reserves 40,670 + 241 + 3,354 40,670 Excess reserves 29 - 323 20 - 1,010 NOTE: A net of $144 million of surplus reserves were eligible to be carried forward from the week ended August 15, into the week ending August 22. On August 22, 1979, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and inter national accounts were $83,960 million, an increase of $950 million for the week. 1/ Net of $1,511 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $1,511 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. 27 Net of $1,789 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which $1,789 million was with foreign official and international accounts. Includes $208 million securities loaned--fully secured by U.S. Government securities. 3/ Adjusted to include $151 million waivers of penalties for reserv edificiencies in accordance with Board policy effective November 19, 1975. * Estimated (Richmond District). ** Estimated (Treasury's Figures). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.Ha> CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since August 22, August 15, August 23, A S S E TS 1979** 1979 1978 Gold certificate account 11,259 — - 421 Special Drawing Rights certif. acct. 1,800 — + 500 Coin 429 + 4 + 146 Loans 1,509 - 1,198 - 294 Acceptances~-Bought outright -- -- — Held under repurchase agreements -- — - 401 Federal Agency obligations--Bought outright 8,243 — + 262 Held under repurchase agreements \) -- -- - 664 U.S. Government securities: Bought outright--Bills 41,492 + 1,421 - 3,470 Certificates Notes 55,645 + 2 ,416 Bonds 14,085 + 2 ,589 Total bought outright 2/ 111,222 + 1,421 + 1 ,535 Held under repurchase agreements 1/ 3 057 Total U.S. Government securities 111,222 + 1,421 - 1,522 Total loans and securities 120,974 + 223 - 2,619 Cash items in process of collection (3,030) 12,611 - 1,648 + 1,829 Bank premises 400 — + 8 Other assets 3/ 4,057 3 + 2,495 TOTAL ASSETS (3,030) 151,530 - 1,424 + 1,938 LIABXLI_TI_ES Federal Reserve notes 106,594 412 +10,298 Deposits: Member bank-reserves account 29,661 482 - 967 U.S. Treasury-general account 2,851 954 - 8,609 Foreign 262 50 + 19 Other (1,066) 539 135 88 Total deposits (1,066) 33,313 657 - 9,645 Deferred availability cash items (1,964) 6,911 557 + 774 Other liabilities and accrued dividends 4/ 19 + 300 TOTAL LIABILITIES (3,030) 148,705 - 1,607 + 1,727 C A P I T AL A C C O U N TS Capital paid in 1,130 + 72 Surplus 1,078 + 49 Other capital accounts 617 183 + 90 Figures in parentheses are the eliminations made in the consolidating process. Estimated (Richmond 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. 1/ Net of $1,789 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $208 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 22, 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 1,449 3,449 - 60 210 +60 16 days to 90 days 60 21,553 +2,033 219 -60 91 days to 1 year 34,912 - 552 1,173 — Over 1 year to 5 years 26,791 — 4,340 — Over 5 years to 10 years 12,221 — 1,505 -- Over 10 years 12,296 — 796 — Total 1,509 111,222 +1,421 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 22, 1979 New Fhila- Cleve- Rich St. Minne- Kansas San Total Boston York delnhla land mond* Atlanta Chicago Louis apolis City Dallas Francisco* (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 429 25 20 24 48 46 50 26 37 15 53 28 57 Loans 1,509 7 127 11 26 145 131 163 84 181 121 284 229 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 41,492 2,007 10,227 1,984 3,333 3,398 1,719 6,585 1,766 922 1,831 2,261 5,459 Certificates — — — — — — — — — — — -- — Notes 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 Bonds 14,085 681 3,472 673 1,132 1,154 584 2,235 599 313 622 767 1,853 Total bougjht outrigjht 2/ 111,222 5,379 27,415 5,318 8,935 9,109 4,609 17,651 4,733 2,472 4,909 6,060 14,632 HHeelldd uunnddeerr rreeppuurrcchhaassee aaggrreeeemmeennttss 11// — — — — — — — — — — — — — TToottaall UU..SS.. GGoovveerrnnmmeenntt sseeccuurriittiieess 111.222 5.379 27,415 5,318 8,935 9.109 4,609 17,651 4,733 2 All 4,909 6,060 14,632 Total loans and securities 120,974 5,785 29,574 5,723 9,623 9,929 5,082 19,122 5,168 2,836 5,394 6,793 15,945 Cash items in process of collection 15,641 467 3,368 504 1,017 989 1,563 2,051 682 796 1,490 1,309 1,405 Bank premises 400 105 12 54 23 80 27 16 13 28 19 12 11 Other assets U 4,057 152 980 211 313 245 303 592 132 118 168 233 610 Interdistrict settlement account -0- - 755 + 474 - 675 - 463 4-1,223 - 565 - 600 - 356 - 681 + 2 + 792 +1,604 TOTAL 154,560 6,864 37,846 6,856 11,356 13,996 6,999 23,098 6,229 3,375 7,674 9,754 20,513 * Estimated (Richmond 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 outstandings at the end of the latest statement week. 2/ Net of $1,789 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $208 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 22, 1979 H.4.1(c) Phila St. Minne Kansas San Total Boston New York delphia Cleveland Richmond * Atlanta Chicago Louis apolis City Dallas Franciscc (In millions of dollars) L I A B I L I T I ES Federal Reserve notes 106,594 5,395 28,087 5,161 8,636 9,630 3,490 17,532 4,504 1,839 44,,773311 55,,555566 12,033 Deposits: Member bank reserves 29,661 894 6,637 971 1,620 1,451 1,912 3,779 962 766 11,,550044 22,,007788 7,087 U.S. Treasury—general account 2,851 100 491 293 167 196 195 311 191 145 119966 118888 378 Foreign 262 8 69 11 22 14 20 39 8 8 1111 1155 37 Other 1,605 1 448 1 18 46 7 * 2 11 11,,007733 8 Total deposits 34,379 1,003 7,645 1,275 1,810 1,679 2,173 4,136 1,161 921 11,,771122 33,,335544 7,510 Deferred availability cash items 1/ 8,875 282 941 223 443 2,399 1,047 740 400 493 11,,004433 559922 272 Other liabilities and accrued dividends 1,887 91 451 80 233 131 97 265 71 39 6699 '' 8899 271 TOTAL LIABILITIES 151,735 6,771 37,124 6,739 11,122 13,839 6,807 22,673 6,136 3,292 7,555 9,591 20,086 CAPITAL ACCOUNTS Capital paid in 1,130 i 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 617 27 154 28 48 42 26 94 25 14 26 34 99 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 154,560 6,864 37,846 6,856 11,356 13,996 6,999 23,098 6,229 3,375 7,674 9,754 20,513 1 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 121,022 6,450 31,292 6,235 9,289 10,568 5,394 18,841 5,085 2,524 5,426 6,258 13,660 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 64 300 79 32 75 86 211 Eligible p*oer 1,215 7 127 11 25 114 97 123 68 135 113 263 132 U.S. Gov't and agency securities 106,748 5,358 27,747 5,209 8,469 8,970 4,758 16,827 4,464 2,126 4^765 5,408 12,647 Total collateral 121,022 6,450 31,292 6,235 9,289 10,568 5,394 18,841 5,085 2,524 5,426 6,258 13,660 1/ Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. * Less than $500,000. ** Estimated (Richmond District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis