H.4.1 Factors Affecting Reserve Balances of Depository Institutions

••oj^2^; FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release August 30, 1979 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, August 29, August 22, [August 30, August 29, and related items 1979 1979 1978 1979 Reserve Bank credit: (In millions of dollars) U.S. Government securities— 1/ Vl Bought outright—System account 111,967 + 521 + 2,055 113,028 Held under repurchase agreements 920 28 - 763 2,107 Federal Agency obligations-- Bought outright 8,243 + 262 8,242 Held under repurchase agreements 514 28 + 10 757 Acceptances-- Bought outright Held under repurchase agreements 429 143 100 699 Loans-- Total member bank borrowing 1,116 - 270 + 93 917 Includes seasonal borrowing of: 185 + 10 19 183 Other borrowing Float 4,260 _ 601 186 5,498 Other F.R. assets 4,475 - 52 + 2,504 4,580 Total Reserve Bank credit 131,926 - 544 + 4,077 135,828 Gold Stock 11,259 „- 421 11,259 Special Drawing Rights certif. acct. 1,800 -- + 500 1,800 Treasury currency outstanding 12,564 + 13 + 906 12,589 157,549 - 530 + 5,063 161,476 Currency in circulation * 118,050 - 312 +10.984 118,709 Treasury cash holdings * 266 „_ 40 270 Treasury deposits with F.R. Banks 2,986 - 197 - 8,689 3,176 Foreign deposits with F.R. Banks 277 - 16 + 13 308 Other deposits with F.R. Banks 607 + 45 + 6 541 Other F.R. liabilities and capital 4,856 + 138 + 537 4 993 S 127,041 - 343 + 2,810 127,997 Member bank reserves: With Federal Reserve Banks 30,508 - 188 + 2,252 33,479 Currency and coin 10,473 + 625 + 999 10,473 Total reserves held _3/ 41,134 + 439 + 3,330 44,105 Required reserves 40,750 + 80 + 3,215 40,750 t Excess reserves 3/ 384 4- 359 + 115 3,355 NOTE: A net of $40 million of surplus reserves were eligible to be carried forward from the week ended August 22, into the week ending August 29. On August 29, 1979, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $81,902 million, a decrease of $2,058 million for the week. II Net of $1,296 million, daily average, matched sale-purchase trans actions outstanding during the latest statement week, of which $1,296 million was with foreign official and international accounts. Includes securities loaned-~fu.lly secured by U.S. Government securities. 2/ Net of $1,274 million matched sale-purchase transactions out standing at the end of the latest statement week, of which $1,274 million was with foreign official and international accounts. Includes $124 million securities loaned--fully secured by U.S. Government securities. _3/ Adjusted to include $153 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) WednesdaV Change since August 29, August 22, August 30, A S S E TS 1979 1979 1978 Gold certificate account 11,259 — - 421 Special Drawing Rights certif. acct. * 1,800 — + 500 Coin 437 + 8 + 160 Loans 917 - 592 - 393 Acceptances—Bought outright Held under repurchase agreements 699 + 699 + 250 Federal Agency obligations—Bought outright 8,242 - 1 + 264 Held under repurchase agreements 1/ 757 + 757 - 139 U.S. Government securities: Bought outright—Bills 43,298 +1,806 - 1,777 Certificates Notes 55,645 2,416 Bonds 14,085 2,589 Total bought outright 2/ 113,028 +1,806 + 3,228 Held under repurchase agreements \J 2,107 +2,107 - 396 Total U.S. Government securities 115,135 +3,913 + 2,832 Total loans and securities 125,750 +4,776 + 2,814 Cash items in process of collection (2,211) 11,627 - 291 - 363 Bank premises 400 — + 8 Other assets \J 4,180 + 106 + 2,558 TOTAL ASSETS (2,211) 155,453 +4,599 5,256 t l A B I M T I ES Federal Reserve notes 106,827 + 267 +10,274 Deposits: Member bank-reserves account 33,479 +3 ,818 + 3,522 U.S. Treasury-general account 3,176 + 325 - 8,986 Foreign 308 + 46 + 73 Other 541 + 7 90 Total deposits 37,504 +4 ,196 - 5,481 Deferred availability cash items (2,211) 6,129 - 140 109 Other liabilities and accrued dividendsz/ 1,979 ±- 92 + 340 TOTAL LIABILITIES (2,211) 152,439 +4,415 + 5,024 C A P I T AL ACCOUNTS. Capital paid in 1,131 + 1 + 72 Surplus 1,078 — + 49 Other capital accounts 805 + 183 + 111 * 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. If Net of $1,274 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $124 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 29, 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 873 699 6,187 +2 738 885 +675 16 days to 90 days 44 22,632 +1 ,079 185 - 34 91 days to 1 year 35,008 + 96 1,242 + 69 Over 1 year to 5 years 26,791 — 4,452 +112 Over 5 years to 10 years 12,221 -- 1,439 - 66 Over 10 years 12,296 — 779966 — Total 917 699 115,135 +3 ,913 88,,999999 +756 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 29, 1979 Ne# Phila Cleve- Rich- St. Minne Kansas San Total., Boston York delphia JU&<L -saojjd. ,A,tlaatL§.. Chicago apolis City Dallas Franc isco- (In millions of dollars) Asslis 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 91 149 161 64 300 79 32 75 86 211 459 Coin 437 25 24 48 46 48 29 35 17 52 30 56 27 Loan* 917 89 14 12 85 87 162 69 103 123 54 77 Acceptances: 42 Bought outright Held t&»*far repurclwijee agreement8 699 699 Federal Agency obligations-- Bought outright 8,242 399 2,032 394 662 675 341 1,308 351 183 364 449 1,084 Held under repurchase agreements \J 757 757 U.S. Government securities: Bought outright— Bills 43,298 2,094 10,672 2,070 3,478 3,546 1,794 6,871 1,842 963 1,911 2,360 5,697 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 bought outright 2/ 113,028 5,466 27,860 5,404 9,080 9,257 4,684 17,937 4,809 2,513 4,989 6,159 14,870 Held under repurchase agreements )J 2,107 2,107 Total U.S. Government securities 115,135 5,466 29,967 5,404 9,080 9„257 4,684 17,937 4,809 2,513 4,989 6,159 14,870 Total loans and securities 125,750 5,954 33,497 5,812 9,754 10,017 5,112 19,407 5,229 2,799 5,476 6,662 16,031 Cash items in process of collection 13,838 396 1,898 453 708 2,308 1,745 1,617 612 794 1,393 799 1,115 B«Rk premises 400 105 12 54 23 80 27 16 13 28 19 12 11 Other aaaets 3/ 4,180 153 1,047 211 347 262 299 576 140 118 161 230 636 Inter district settleiwsnt account -0- - 757 + 330 - 699 310 - 241 - 303 83 408 - 604 + 102 4- 668 4-2,305 TOTAL 157,664 6,961 40,229 6,870 11,365 13,956 7,467 23,453 6,174 3,415 7,751 8,988 21,035 1/ Does not include U.S. Governesent and Federal Agency securities resold under matched sale-purchase transactions to foreign official and international accounts, of vhich $-0- million was outstanding at the end of the latest statement week. 2/ Net of $1,274 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $124 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 29, 1979 H.4.KO Phila St. Minne Kansas San Total Boston New York delphia Cleveland Richmond Atlanta Chicago Louis apolis City Dallas Francisco (In million * of dollars) L I A B I L I T I ES Federal Reserve notes 106,827 5,396 28,166 5,174 8,691 9,691 3,423 17,560 4,511 1,862 4,719 5,522 12,112 Deposits: Menber bank reserves 33,479 979 8,877 1,052 1,603 1,734 2,124 4,063 885 809 1,534 2,384 7,435 U.S. Treasury—general account 3,176 130 353 215 249 247 317 311 197 116 359 211 471 Foreign 308 8 116 11 22 14 19 39 8 8 11 15 37 Other 541 1 441 1 13 45 19 1 2 2 5 11 Total deposits 37,504 1,118 9,787 1,278 1,875 2,008 2,505 4,432 1,091 935 1,906 2,615 7,954 Deferred availability cash items 8,340 269 971 216 395 1,940 1,124 755 404 491 939 589 247 Other liabilities and accrued dividends llll////\\\\ 1,979 77 535 77 155 140 217 252 67 41 59 88 271 TOTAL LIABILITIES 154,650 6,860 39,459 6,745 11,116 13,779 7,269 22,999 6,073 3,329 7,623 8,814 20,584 CAPITAL ACCOUNTS Capital paid in 1,131 33 288 45 94 58 85 168 35 35 48 66 176 Surplus 1,078 33 280 44 92 57 81 163 33 34 46 63 152 Other capital accounts 805 35 202 36 63 62 32 123 33 17 34 45 123 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 157,664 6,961 40,229 6,870 11,365 13,956 7,467 23,453 6,174 3,415 7,751 8,988 21,035 FEDERAL RESERVE AGENTS' ACCOUNTS F R. notes outstanding 121,377 6,429 31,428 6,246 9,353 10,591 5,377 18,871 5,123 2,551 5,423 6,276 13,709 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 Drying Rights certif. acct. 1,800 93 459 91 149 161 64 300 79 32 75 86 211 Eligible paper 669 44 32 14 12 52 65 138 64 82 90 52 24 U.S. Gov't and agency securities 107,649 5,300 27,978 5,217 8,546 9,055 4,773 16,842 4,506 2,206 4,785 5,637 12,804 Total collateral 121,377 6,429 31,428 6,246 9,353 10,591 5,377 18,871 5,123 2,551 5,423 6,276 13,709 1/ 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