H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and ••%*%&?•• Condition Statement of F.R. Banks H.4.1 For immediate release September 6, 1979 Averages of daily figures Member bank reserves, Week ended Change from week ended Reserve Bank credit, September 5,| August 29,1 September 6, and related items 1979 1979 1978 Reserve Bank credit: (In millions of dollars) U.S. Government securities-- 1/ Bought outright--System account 112,666 + 699 + 3,367 Held under repurchase agreements 481 - 439 - 451 Federal Agency obligations-- Bought outright 8,242 1 + 266 Held under repurchase agreements 139 - 375 103 Acceptances-- Bought outright Held under repurchase agreements ^:34 176 Loans- Total member bank borrowing 1,340 4 224 4- 175 1,060 Includes seasonal borrowing of: 173 - 1.2 - 14 151 Other borrowing Float 5,238 + 1 ,010 4-1,209 7,566 Other F.R. assets 4,586 4 111 4-2,368 4,830 Total Reserve Bank credit 133,126 + 1 ,232 4-7,008 j 132,866 Gold Stock 11,259 -- - 420 11,259 Special Drawing Rights certif. acct. J ,800 -- 4- 500 ! 1,800 Treasury currency outstanding 12,601 4- 37 + 935 12,608 158,786 + 1 ,269 4-8,023 158,533 1.18,978 4- 927 +11,137 119.722 270 3,359 335 722 4,854 128,517 30,269 10,596 3/ 41,015 40,483 3/ 532 -i- Wednesday September 5, 1979 * 2/ 111,168 8,242 Currency in circulation Treasury cash holdings 5 - 30 270 Treasury deposits with F.R. Banks 4- 373 - 6,109 2,853 Foreign deposits with F.R. Banks 4- 58 + 68 312 Other deposits with F.R. Banks + 115 - 108 680 Othei F.R. liabilities and capital - 2 4- 745 1 4,496 + 1 ,476 4 5,702 128,333 Member bank reserves: With Federal Reserve Banks _ 207 4 2,322 30,200 Currency and coin 4 1.23 4-1,018 10,596 Total reserves held - 87 + 3,415 40,946 Required reserves - 26 7 4 3,188 40,483 Excess reserves 4 1.80 + 227 46 3 NO'JT : A net of $221 million of surplus reserves were eligible to be carried forward from the week ended Augur,! 29, into the week ending September 5. On September 5, 1979, marketable U.S. Government securities held in custody by the Federal. Reserve Banks for foreign official and international accounts were $81,935 million, an increase of $33 mil Lion for the week. V Net of $1,780 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $1,533 million was with foreign official and international accounts. Includes securities loaned — fully secured by U.S. Government securities. 2/ Net of $3,212 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which $1,486 million was with foreign official and international accounts. Includes $116 million securities loaned--fully secured by U.S. Government securities. 3/ Adjusted to include $150 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. *'' Estimated (Richmond, Atlanta and Minneapolis Districts'). •'•" c-sfiniatud (Trc5t::.irv ' s :'•'inures). 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 Sept. 5, August 29, September 6, A S S E TS 1979** 1979 1978 Gold certificate account 11,259 — - 420 Special Drawing Rights certif. acct. * 1,800 — + 500 Coin 436 1 + 169 Loans 1,060 + 143 + 275 Acceptances—Bought outright Held under repurchase agreements - 699 Federal Agency obligations--Bought outright 8,242 270 Held under repurchase agreements 1/ 757 U.S. Government securities: Bought outright—Bills 41,438 -1,860 12 Certificates Notes 55,645 + 2,416 Bonds 14,085 + 2,589 Total bought outright 2/ 111,168 -1,860 + 4,993 Held under repurchase agreements 1/ -2,107 Total U.S. Government securities 111,168 -3,967 + 4,993 Total loans and securities 120,470 -5,280 + 5,538 Cash items in process of collection (2,184) 14,932 +3,305 + 3,871 Bank premises 400 — + 6 Other assets Jty 4,430 + 250 + 877 TOTAL ASSETS (2,184) 153,727 -1,726 Federal Reserve notes 107,820 + 993 +10,330 Deposits: Member bank-reserves account 30,200 -3,279 + 5,438 U.S. Treasury—general account 2,853 - 323 - 4,561 Foreign 312 + k + 11 Other (292) 680 + 139 886 Total deposits (292) 34,045 -3,459 + 2 Deferred availability cash items (1,892) 7,366 +1,237 - 643 Other liabilities and accrued dividends 4/ 1,981 + 2 + 585 TOTAL LIABILITIES (1,892) 151, 212 -1,227 +10,274 C A M T AL A C C O U N T S. Capital paid in 1 ,131 + 72 Surplus 1 ,078 + 49 Other capital accounts 306 499 + 146 * Figures in parentheses are the eliminations made in the consolidating process. Estimated (Richmond, Atlanta and Minneapolis 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 $3,212 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $116 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, SEPTEMBER 5, 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 944 3,090 -3,097 69 -816 16 days to 90 days 116 21,866 - 766 254 69 91 days to 1 year 34,902 - 106 1,233 9 Over 1 year to 5 years 26,793 + 2 4,452 Over 5 years to 10 years 12,221 — 1,492 V 53 Over 10 years 12,296 -- 742 - 54 Total 1,060 111,168 -3,967 8,242 -757 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 SEPTEMBER 5, 19 79 New Phila- Cleve- Rich-" St. Minne- Kansas San Total Boston York delphia land mond * Atlanta * Chicago Louis apolis * City Dallas Francises (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 436 24 27 23 47 45 47 30 34 17 51 29 62 Loans 1,060 7 14 8 6 12 94 148 31 9-' 68 139 437 Acceptances: Bought outright -~ ~~ "" "~ -~ — ~~ "•* ~~ __. ••" ... — _ Held under repurchase agreements ~~ ~~ ~~ ~~ ™~ ~ ™ *"~ ™~ ~~ .. - «.- — ~ " ~ 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 1/ -- -- -" ~~ — ~~ _- "~ __ ~~ ~™ -~ ~~ U.S. Government securities: Bought outright— Bills 41,438 2,005 10,213 1,981 3,329 3,394 1,717 6,576 1,763 921 1,829 2,258 5,452 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 U 111,168 5,377 27,401 5,315 8,931 9,105 4,607 17,642 4,730 2,471 4,907 6,057 14,625 Held under repurchase agreements 1/ -- -- -- -- -- -- -- •-- -- -- -- -- -- Total U.S. Government securities 111,168 5,377 27,401 5,315 "8,931 9,105 4,607 17,642 4,730 2,471 4,907 6,057 14,625 Total loans and securities 120,470 5,783 29,447 5,717 9,599 9,792 5,042 19,098 5,112 2,750 5,339 6,645 16,146 " Cash items in process of collection 17,116 450 2,933 509 1,038 2,438 1,696 2,671 857 1,198 1,491 968 867 Bank premises 400 105 12 54 23 80 27 16 13 28 19 12 11 Other assets 2' 4,430 149 1,002 365 387 330 325 608 136 116 168 235 609 Interdistrict settlement account -0- - 541 +2,076 - 969 - 449 - 526 -1,160 + 571 - 470 - 648 - 161 + 65 +2,212 TOTAL 155,911 7,055 38,915 6,714 11,440 13,643 6,516 24,885 6,235 3,724 7,455 8,541 20,7«8 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 $3,212 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $116 million securities loaned—fully secured by U.S. Government securities. 3/ Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. * Estimated (Richmond, Atlanta and Minneapolis Districts). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF r ""DTTION OF EACH FEDERAL RESERVE BANK ON September 5, 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) ItIABIL.ITI.Ei3 Federal Reserve notes 107,820 5,447 28,471 5,220 8,764 9,735 3,463 17,726 4,551 1,866 4,754 5,578 12,245 Deposits: Member bank reserves 30,200 985 6,922 824 1,517 1,466 1,612 5,222 824 759 1,118 1,873 7,078 U.S. Treasury—general account 2,853 142 545 183 186 149 233 362 189 130 228 231 275 Foreign 312 7 148 9 19 12 17 33 7 7 9 13 31 Other 972 •k 574 -- 1 19 44 13 * 293 2 7 19 Total deposits 34,337 1,134 8,189 1,016 1,723 1,646 1,906 5,630 1,020 1,189 1,357 2,124 7,403 Deferred availability cash items 9,258 326 1,224 301 603 1,931 835 925 524 558 1,176 563 292 Other liabilities and accrued dividends 11// 1,981 75 420 81 149 140 136 247 65 38 67 84 479 TOTAL LIABILITIES 153,396 6,982 38,304 6,618 11,239 13,452 6,340 24,528 6,160 3,651 7,354 8,349 20,419 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 306 7 43 7 15 76 10 26 7 4 7 63 41 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 155,911 7,055 38,915 6,714 11,440 13,643 6,516 24,885 6,235 3,724 7,455 8,541 20,788 FEDERAL RESERVE AGENTS f ACCOUNTS F.R. notes outstanding 121,616 6,414 31,548 6,236 9,369 10,577 5,351 19,022 5,111 2,549 5,430 6,280 13,72? Collateral for F.R. notes: Gold certificate account 11,259 992 2,959 924 646 1,323 475 1,591 474 231 473 501 67< Special Drawing Rights certif. acct. 1,800 93 459 91 149 161 64 300 79 32 75 86 21 Eligible paper 743 7 2 8 6 10 64 87 31 78 64 122 26< U.S. Gov't and Agency Securities 107,814 5,322 28,128 5,213 8,568 9,083 4,748 17,044 4,527 2,208 4,818 5,571 12,58< Total collateral 121,616 6,414 31,548 6,236 99,369 10,577 5,351 19,022 5,111 2,549 5,430 6,280 13,72' 1/ Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. * Less than $500,000. ** Estimated (Richmond, Atlanta and Minneapolis Districts). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis