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 13, 1979 Averages of daily f Lgures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, September 12, September 5,|Sep1t emberl3. September^ and related items 1979 * 1979 L978 1979 * Reserve Bank credit: (In mill ions of dollars) U.S. Government securities-- 1/ 2/ Bought outright—System account 110,041 -2,625 + 3,427 105,786 Held under repurchase agreements -- - 481 - 130 -- Federal Agency obligations-- Bought outright 8,234 8 + 271 8,224 Held under repurchase agreements — - 139 - 6 -- Acceptances— . Bought outright Held under repurchase agreements — - 434 - 3 — Loans-- Total member bank borrowing 1,230 - 110 + 720 2,532 Includes seasonal borrowing of: 153 20 - 22 148 Other borrowing Float 7,414 +2,291 + 1,032 5,912 Other F.R. assets 4,903 + 289 + 2,609 4,721 Total Reserve Bank credit 131,823 -1,217 + 7,921 127,175 Gold Stock 11,255 4 - 413 11,229 Special Drawing Rights certif. acct. 1,800 -- + 500 1,800 Treasury currency outstanding 12,610 + 9 + 936 12,615 157,487 -1,213 + 8,943 152,819 Currency in circulation ** 119,681 + 697 +11,169 119,894 Treasury cash holdings ** 270 1 - 36 275 Treasury deposits with F.R. Banks 3,348 11 -4,455 3,126 Foreign deposits with F.R. Banks 354 + 19 + 76 1 317 Other deposits with F.R. Banks 616 - 106 - 57 568 Other F.R. liabilities and capital 4,327 - 510 + 544 4,493 128,596 + 88 + 7,241 128,673 Member bank reserves: With Federal Reserve Banks 28,891 -1,301 + 1,702 24,146 Currency and coin 11,131 + 535 + 1,158 11,131 Total reserves held 3/ 40,171 - 767 + 2,935 35,426 Required reserves 40,063 - 420 + 2,940 40,063 Excess reserves 3/ 108 - 347 - 5 - 4,637 NOTE: A net of $152 million of surplus reserves were eligible to be carried forward from the week ended September 5, into the week ending September 12. On September 12, 1979, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $82,526 million, an increase of $631 million for the week. 1/ Net of $3,879 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $1,257 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. 2/ Net of $8,134 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which $1,257 million was with foreign otricial and international accounts. Includes $143 million securities loaned—fully secured by U.S. Government securities. 3/ Adjusted to include $149 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. Estimated (San Francisco District). 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 Sept. 12, Sept. 5, Sept. 13, A S S E TS 1979** 1979 1978 Gold certificate account 11,229 - 30 - 439 Special Drawing Rights certif. acct. 1,800 -- + 500 Coin 426 - 10 + 159 Loans 2,532 +1,472 + 1,966 Acceptances—Bought outright — — -- Held under repurchase agreements — — - 23 Federal Agency obligations—Bought outright 8,224 - 18 + 274 Held under repurchase agreements 1/ — — - 46 U.S. Government securities: Bought outright—Bills 36,056 -5,382 - 7,286 Certificates Notes 55,645 — + 2,416 Bonds 1144,,008855 — + 2,589 Total bought outright 2/ 110055,,778866 -5,382 - 2,281 Held under repurchase agreements 1/ — -- 908 Total U.S. Government securities 105,786 -5,382 - 3,189 Total loans and securities 116,542 -3,928 - 1,018 Cash items in process of collection (2,166) 13,037 -2,535 79 Bank premises 400 -- + 7 Other assets 3/ 4,321 - 306 + 2,298 TOTAL ASSETS (2,166) 147,755 -6,809 + 1,428 L I A B I L I T I ES Federal Reserve notes 107,980 + 106 +10,406 Deposits: Member bank-reserves account 24,146 -6,059 - 5,295 U.S. Treasury—general account 3,126 + 273 - 4,754 Foreign 317 + 5 + 32 Other 568 - 112 24 Total deposits 28,157 -5, 893 -10,041 Deferred availability cash items (2,166) 7,125 -1• 137 + 389 Other liabilities and accrued dividends 4/ 1,916 - 53 + 486 TOTAL LIABILITIES (2,166) 145,178 -6,977 + 1,240 C A P I T AL A C C O U N TS Capital paid in 1,131 + 71 Surplus 1,078 + 49 Other capital accounts 368 + 168 + 68 * Figures in parentheses are the eliminations made in the consolidating process. Estimated (San Francisco 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. 2/ Net of $8,134 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. 1/ 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 12, 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 2,424 4,565 +1,475 - 69 — • 16 days to 90 days 108 16,317 -5,549 310 + 56 91 days to 1 year 33,594 -1,308 1,369 +136 Over 1 year to 5 years 26,793 — 4,376 - 76 Over 5 years to 10 years 12,221 — 1,427 - 65 Over 10 years 12,296 -- 774422 — Total 2,532 105,786 -5,382 88,,222244 - 18 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 12, 1979 New Phila- Cleve- Rich- St. Minne- Kansas San * Total Boston York delphia land 1 mond Atlanta Chicago Louis apolis City Dallas Francisco (In millions of dollars) A S S E TS Gold certificate account 11,229 992 2,929 924 646 1,323 525 1,591 474 231 473 451 670 Special Drawing Rights certif. acct. 1,800 93 459 91 149 161 64 300 79 32 75 86 211 Coin 426 23 27 22 47 44 47 29 35 17 51 31 53 Loans 2,532 154 1,040 90 87 154 109 106 59 90 102 143 398 Acceptances: Bought outright -- -- -- -- -- -- -- -- -_ -- — -- — Held under repurchase agreements -- -- -- — — — — — — — -- -- Federal Agency obligations— Bought outright 8,224 398 2,027 393 661 673 341 1,305 350 183 363 448 1,082 Held under repurchase agreements 1/ — -- -- -- — -- -- -- — -- -- _- — U.S. Government securities: Bought outright— Bills 36,056 1,744 8,887 1,724 2,896 2,953 1,493 5,722 1,534 802 1,592 1,965 4,744 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/ 105,786 5,116 26,075 5,058 8,498 8,664 4,383 16,788 4,501 2 ,352 4,670 5,764 13,917 Held under repurchase agreements 1/ -- -- — — -- -- -- -- -- -.. _- — Total U.S. Government securities 105,786 5,116 26,075 5,058 8,498 8,664 4,383 16,788 4,501 2 ,352 4,670 5,764 13.917 Total loans and securities 116,542 5,668 29,142 5,541 9,246 9,491 4,833 18,199 4,910 2 ,625 5,135 6,355 15,397 Cash items in process of collection 15,203 503 2,020 426 819 2,679 1,989 1,807 764 882 1,539 960 815 Bank premises 400 105 12 54 23 80 27 16 13 28 19 12 11 Other assets 3/ 4,321 153 981 234 332 260 313 592 144 112 167 229 804 Interdistrict settlement account -0- - 652 +1,043 - 677 + 5 - 329 - 693 + 517 - 188 - 669 + 152 + 596 + 895 TOTAL 149,921 6,885 36,613 6,615 11,267 13,709 7,105 23,051 6,231 3 ,258 7,611 8,720 18,856 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 $8,134 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, revalued monthly at market exchange rates. * Estimated (San Francisco District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON September 12, 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 107,980 5,456 28,534 5,183 8,809 9,760 3,346 17,820 4,544 1,871 4,763 5,565 12,329 Deposits: Member bank reserves 24,146 795 4,878 773 1,397 1,283 1,761 3,473 789 594 1,381 2,007 5,015 U.S. Treasury—general account 3,126 199 432 224 246 276 374 261 260 150 209 305 190 Foreign 317 7 154 9 19 12 16 33 7 7 9 13 31 Other ! 568 469 24 51 2 1 1 2 9 9 Total deposits 28,157 1,001 5,933 1,006 1,662 1,5.95 2,202 3,769 1,057 752 1,601 2,334 5,245 Deferred availability cash items 9,291 277 1,091 246 417 2,075 1,279 841 472 519 1,074 583 417 Other liabilities and accrued dividends 1/ 1,916 70 402 75 164 139 96 237 76 39 64 80 474 TOTAL LIABILITIES 147,344 6,804 35,960 6,510 11,052 13,569 6,923 22,667 6,149 3,181 7,502 8,562 18,465 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 368 15 85 16 29 25 16 53 14 8 15 29 63 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 149,921 6,885 36,613 6,615 11,267 13,709 7,105 23,051 6,231 3,258 7,611 8,720 18,856 FEDERAL RESERVE AGENTS' ACCOUNTS FF..RR.. nnootteess oouuttssttaannddiinngg 121,738 6,395 31,661 6,221 9,394 10,592 5,326 19,078 5,100 2,546 5,438 6,280 13,707 CCoollllaatteerraall ffoorr FF..RR.. nnootteess:: GGoolldd cceerrttiiffiiccaattee aaccccoouunntt 11,229 992 2,929 924 646 1,323 525 1,591 474 231 473 451 670 SSppeecciiaall DDrraawwiinngg RRiigghhttss cceerrttiiff.. aacccctt.. 1,800 93 459 91 149 161 64 300 79 32 75 86 211 EElliiggiibbllee ppaappeerr 1,823 96 774 40 87 129 54 86 59 73 96 140 189 UU..SS.. GGoovv''tt aanndd AAggeennccyy SSeeccuurriittiieess 106,886 5,214 27,499 5,166 8,512 8,979 4,683 17,101 4,488 2,210 4,794 5,603 12,637 TToottaall ccoollllaatteerraall 121,738 6,395 31,661 6,221 9,394 10,592 5,326 19,078 5,100 2,546 5,438 6,280 13,707 17 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. * Estimated (San Francisco District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis