H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and '•.f^LRES^ Condition Statement of F.R. Banks H.4.1 For immediate release September 20, 1979 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Sept. 19, Sept. 12, I Sept. 20, Sept. 19, and related items 1979* 1979 1 1978 1979* Reserve Bank credit: (In millions of dollars) U.S. Government securities-- Bought outright--System account 1/ 112,388 + 2,347 + 2,556 2/ 109,012 Held under repurchase agreements 211 4- 211 4- 211 Federal Agency obligations-- Bought outright 8,224 10 4- 274 8,224 Held under repurchase agreements 149 + 149 + 149 Acceptances-* Bought outright Held under repurchase agreements 102 102 102 Loans-- Total member bank borrowing 1,762 4- 532 " 4- 839 956 Includes seasonal borrowing of: 207 4- 54 4- 18 163 Other borrowing Float 6,510 . 928 + 752 6,141 Other F.R. assets 4,453 - 452 + 2,06C 4,528 Total Reserve Bank credit 133,799 4 1,950 4-6,950 129,661 Gold Stock 11,228 - 27 - 440 11,228 Special Drawing Rights certif. acct. 1,800 — + 500 1,800 Treasury currency outstanding 12.631 4 21 4- 948 12,634 159,458 4-1,945 4- 7,958 155,323 Currency in circulation ** 119,240 - 443 +11,113 US, 140 Treasury cash holdings ** 277 + 9 38 275 Treasury deposits with F.R. Banks 3,469 + 121 - 6,028 7,786 Foreign deposits with F.R. Banks 321 - 33 4- 22 259 Other deposits with F.R. Banks 876 4- 260 4- 152 686 Other F.R. liabilities and capital 4.613 + 286 4- 567 4,602 Member bank reserves: 128,796 4- 200 4- 5,788 ! 127,748 With Federal Reserve Banks Currency and coin 30,662 4-1,745 4- 2,170 27,575 10,169 - 962 4- 1,273 ! 10,169 Total reserves held 3/ 40,981 4- 784 + 3,519 37,894 Required reserves "" Excess reserves 3/ 40,711 4- 64£ 4- 3,424 1 40,711 270 + 136 4- 95 - 2,817 NOTE: A net of $32 million of surplus reserves were eligible to be carried forward from the week ended September 12, into the week ending September 19. On September 19, 1979, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $82,288 million, a decrease of $278 million for the week. 1/ Net of $1,946 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $1,529 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. Government securities. 2/ Net of $4,738 million matched sale-purchase transaction outstanding at the end of the latest statement week, of which $1,820 million wa with foreign c official and international accounts. Includes $162 million securities loaned--fully secured by U.S. Government securities. 3/ Adjusted to include $15C million waivers of penalties for reserve defieiencicc m accordance with Boare policy effective November 19, 1975. Estimated (Richmond and Kansas City 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 Sept. 19, Sept. 12, Sept. 20, A S S E TS 1979 ** 1979 1978 Gold certificate account 11,228 1 - 440 Special Drawing Rights certif. acct. * 1,800 — + 500 Coin 436 + 10 + 160 Loans 956 -1,576 - 1,076 Acceptances—Bought outright Held under repurchase agreements Federal Agency obligations—Bought outright 8,224 274 Held under repurchase agreements \j U.S. Government securities: Bought outright—Bills 40,082 +4,026 - 5,017 Certificates Notes 55,645 + 2,416 Bonds 14,085 ^ + 2,589 Total bought outright 2/ 109,812 +4,026 12 Held under repurchase agreements 1/ Total U.S. Government securities 109,812 +4,026 12 Total loans and securities 118,992 +2,450 814 Cash items in process of collection (2,365) 13,870 + 833 42 Bank premises 400 + 6 Other assets J 4,128 - 208 + 2,161 TOTAL ASSETS (2,365) 150,854 +3,084 + 1,531 L I A B I L I T I ES Federal Reserve notes 107,217 - 763 +10,177 Deposits: Member bank-reserves account 27,575 +3,414 + 1,081 U.S. Treasury—general account 2,786 - 340 -10,211 Foreign 259 - 58 78 Other 686 + 118 + 26 Total deposits 31 306 +3,134 - 9,182 Deferred availability cash items 7 729 + 604 + 605 (2,365) _L u 831 - 85 295 Other liabilities and accrued dividends 148,083 +2,890 + 1,305 TOTAL LIABILITIES (2,365) £API_TAL ACCOUNTS. Capital paid in 1,132 + 1 + 73 Surplus 1,078 — + 49 Other capital accounts 561 + 193 + 104 * Figures in parentheses are the eliminations made in the consolidating process. Estimated (Richmond and Kansas City 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 $4,738 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $162 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 19, 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 853 4,086 - 479 54 +54 16 days to 90 days 103 19,651 +3,334 256 -54 91 days to 1 year 34,765 +1,171 1,369 .. Over 1 year to 5 years 26,793 — 4,376 — Over 5 years to 10 years 12,221 — 1,427 -_ Over 10 years 12,296 -- 774422 -- Total 956 109,812 +4,026 88,,222244 — 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 19, 1979 New Phila- Cleve- 1 Rich- St. Minne Kansas San Total Boston York delphia 1 &aa ! mond* Atlanta Chicago Louis apolis City * Dallas Francisco (In millions of dollars) A S S E TS Gold certificate account 11,228 992 2,927 924 646 1,323 525 1,591 474 232 473 451 670 Special Drawing Rights certif. acct. 1,800 93 459 91 14* 161 64 300 79 32 75 86 211 Coin 435 26 27 23 48 ^4 49 31 35 17 51 30 55 Loans 956 68 16 33 6 178 135 138 45 76 98 88 73 Acceptances: Bought outright -- -- ~~ — — •"" —•* "" "" "" — •" — — Held under repurchase agreements __ -- "- "*~ — ~ "" "• "" "" "" —•" """• Federal Agency obligations— BBoouugghhtt oouuttrriigghhtt 8,224 398 2,027 393 661 673 341 1,305 350 183 363 448 1,082 HHeelldd uunnddeerr rreeppuurrcchhaassee aaggrreeeemmeennttss ii'' __ •**" "*~ ~~ ™~ -- "" "" — —— "*"• "•*• U.S. Government securities: Bought outright— Bills 40,082 1 ,939 9,879 1,917 3,220 3,283 1,660 6,361 1,706 891 1,769 2,184 5,273 Certificates — -- -- — -- — -- -- -- -- -- -- — Notes 55,645 2 ,691 13,716 2,661 4,470 4,557 2,306 8,831 2,368 1.,2 37 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/ 109,812 5 ,311 27,067 5,251 8,822 8,994 4,550 17,427 4,673 2 ,441 4,847 5,983 14,446 Held under repurchase agreements \J -- _. -- — -- -- -- -- -- -- -- -- -- — Total U.S. Government securities 109,812 ,311 27,067 K 5,251 8,822 8,994 4,550 17,427 4,673 2 ,441 4,847 5,983 14,446 Total loans and securities 118,992 5 ,777 29,110 5,679 9,489 9,845 5,026 18,870 5,068 2 ,700 5,308 6,519 15,601 Cash items in process of collection 16,235 499 2,174 647 1,202 2,518 1,869 1,780 907 1 ,017 1,701 1,236 685 Bank premises 400 105 12 54 23 80 27 16 13 28 19 12 11 Other assets 3/ ! 4,128 145 958 244 302 250 405 575 158 113 157 244 577 Interdistrict settlement account -0- - 757 + 590 - 783 - 411 - 293 - 614 + 410 - 334 - 650 + 96 + 640 +2,106 TOTAL 153,219 6 ,880 36,257 6,879 11,448 13,928 7,351 23,573 6,400 3 ,489 7,880 9,218 19,916 1/ Does not include U.S. Government and Federal Agency securities resold under matched sale-purchg se transactions to foreign official and international accounts, of which $-0- million was outstanding at the end of the latest statement week. 2/ Net of $4,738 million matched sale-purchase transactions outstanding at the end of the latest tatement week. Includes $162 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 and Kansas City Districts). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON September 19, 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 . 107,217 5,431 28,404 5,122 8,698 9,708 3,262 17,701 4,495 1,852 4,760 5,573 12,211 Deposits: Member bank reserves 27,575 791 4,458 1,063 1,611 1,509 2,242 3,930 1,010 866 1,465 2,445 6,185 U.S. Treasury—general account 2,786 184 396 141 172 173 280 303 127 62 248 308 392 Foreign 259 7 95 9 19 12 17 33 7 7 9 13 31 Other 686 1 587 1 21 50. 10 2 1 4 9 Total deposits 31,306 983 5,536 1,213 1,803 1,715 2,589 4,276 1,144 937 1,723 2,770 6,617 Deferred availability cash items 10,094 297 1,193 347 578 2,210 1,212 923 590 579 1,166 622 377 Other liabilities and accrued dividends 1/ 1,831 79 423 81 138 139 99 258 81 40 114 85 294 TOTAL LIABILITIES 150,448 6,790 35,556 6,763 11,217 13,772 7,162 23,158 6,310 3,408 7,763 9,050 19,499 CAPITAL ACCOUNTS Capital paid in 1,132 33 288 45 95 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 561 24 133 27 44 41 23 84 22 12 23 39 89 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 153,219 6,880 36,257 6,879 11,448 13,928 7,351 23,573 6,400 3,489 7,880 9,218 19,916 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 121,951 6,387 31,703 6,238 9,379 10,652 5,362 19,015 5,123 2,532 5,453 6,329 13,778 Collateral for F.R. notes: Gold certificate account 11,228 992 2,927 924 646 1,323 525 1,591 474 232 473 451 670 Special Drawing Rights certif. acct. 1,800 93 459 91 149 161 64 300 79 32 75 86 211 Eligible paper 711 12 16 20 7 171 104 110 40 64 90 69 8 U.S. Gov't and Agency securities 108,212 5,290 28,301 5,203 8^577 8,997 4,669 17,014 4,530 2,204 4,815 5,723 12,889 Total collateral 121,951 6,387 31,703 6,238 9,379 10,652 5,362 19,015 5,123 2,532 5,453 6,329 13,778 1/ Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. * Less than $500,000. ** Estimated (Richmond and Kansas City Districts). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis