H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and •?$ra^-* Condition Statement of F.R. Banks H.4.1 For imeieoiatt release Septecibex 27,1979 Averages of daily figures Member bank reserves, Week ended Change from week ended[Wednesday Reserve Bank credit, Sept. 26, Sept. 19, jSept. 27, fSept. 2G, and related items 1979 1979 ]_ 1978 I 1979 Reserve Bank credit: T7 (T^TrnilXions of doTTarsy* -JJ— U.S. Government securities-- Bought outright—Systens account 113,478 41,090 4* -1,148 113 5 852 Held under repurchase agreements 1,268 +1,057 - 152 1,153 Federal Agency obligations-- Bought outright 8,224 ..-. 4- 274 8,224 Keld under repurchase agreements 402 4- 253 " 568 30£ Acceptances-- Bought outright Held under repurchase agreements 382 4- 280 - 188 684 Leans-- Total member bank borrowing 1,161 _ 6m. _ 399 1,820 Includes seasonal borrowing of: 180 -' 27 _ 24 186 Other borrowing - Float 5,219 -1 ,429 74 5,200 Other F.R. assets 4,110 - 354 4* 1,811 4,192 Total Reserve Bank credit 134,244 4- 295 4- 1,852 135,433 Gold Stock 11,228 -- - 440 11,228 Special Drawing Rights certif. acct. 1,800 — 4- 500 1,800 Treasury currency outstanding 12,645 + 14 4~ 953 12,645 159,917 4- 309 4 2,865 161,106 Currency in circulation * 118,651 _ 585 4-10,988 118,974 Treasury cash holdings * 297 4 8 - 3 285 Treasury deposits with F.R. Banks 4,553 44 ,084 -10,876 5,483 Foreign deposits with F.R. Banks 262 - 59 ~ 9 275 Other deposits with F.R. Banks 622 - 254 + 43 571 Other F.R. liabilities and capital. 4,848 4- 236 4- 563 4 ,£55 129,233 4- 430 4- 706 130,443 Member bank reserves: With Federal Reserve Banks 30,684 - 121 .}- 2,159 30,662 Currency and coin 10,838 4- 669 4- 996 10,838 Total reserves held 3/ 41,671 4- 547 + 3,230 41,649 Required reserves ~ 41,522 + 811 4- 3,304 41,522 Excess reserves 3/ 149 - 264 - 74 127 NOTE: A net of $107 million of surplus reserves were eligible tc be carried forward from the week ended September 19, into the week ending September 26•. On September 26, 1979, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $81,981 million, a decrease of $307 million for the week. 1/ Net of $1,203 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $1,203 million was with foreign official and international accounts. Includes securities loaned—-fully secured b]^ U.S. Government securities. 2/ Net of $1,183 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which $1,183 million was with foreign official and international accounts. Includes $124 million securities loaned—-fully secured by U.S. Government securities. 3J Adjusted to include $149 million waivers of penalities for reserve deficiencies in accordance with Board policy effective November 19, 1975o 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 sine Sept. 26, Sept. 19, Sept. 27, A S S E TS 1979 1979 1978 Gold certificate account 1,228 — - 440 Special Drawing Rights certif. acct. * 1,800 — + 500 Coin 444 + 8 + 165 Loans 1,820 + 856 + 662 Acceptances—Bought outright — .. -« Held under repurchase agreements 684 + 684 - 69 Federal Agency obligations—Bought outright 8,224 -. + 274 Held under repurchase agreements 1/ 308 + 308 - 880 U.S. Government securities: Bought outright--Bills 44,122 +4,040 - 3,661 Certificates Notes 55,645 + 1,786 Bonds 14,085 + 2,468 Total bought: outright 2/ 113,852 +4,040 + 593 Held under repurchase agreements 1/ 1,153 +1,153 - 1,951 Total U.S. Government securities 115,005 +5,193 - 1,358 Total loans and secur Lties 126, 041 +7, 041 - 1, 371 Cash items in process of co Llection (2 394) 12, 262 -1, 384 - 142 Bank premises 400 — + 4 Other assets 3/ 3 ,792 - 414 + 1, 858 TOTAA LL AASSSSEETTSS ((22,, 339944)) 155, 967 ±5,,2 51 +_ 574 LL II AA BB II LL II TT II EE SS Federal Reserve notes 107,059 - 214 +10,192 Deposits: Member bank-reserves account 30,662 +3,081 - 2,535 U.S. Treasury—general account 5,483 +2,697 - 8,060 Foreign 275 + 16 + 22 Other 571 - 115 + 12 Total deposits 36,991 +5,679 -10,561 Deferred availability cash items (2,394) 7,062 - 472 + 400 Other liabilities and accrued dividends 4/f 1,897 + 71 + 208 TOTAL LIABILITIES (2,394) 153,009 +5,064 + 239 C A P I T AL A C C O U N TS Capital paid in 1,134 + 2 + 72 Surplus 1,078 — + 49 Other capital accounts 746 + 185 + 214 * Figures in parenthese s 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 $1,183 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. SEPTEMBER 26, 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 1,758 684 6,051 +1,965 395 +341 16 days to 90 days 62 23,011 +3,360 223 - 33 91 days to 1 year 34,633 - 132 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 — 742 — Total 1,820 684 115,005 +5,193 8,532 +308 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER 26, 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 107,059 5,440 28,507 5,104 8,677 9,720 3,223. 17,678 4,478 1,845 4,716 5,557 12,114 Deposits: Member bank reserves 30,662 959 6,697 948 2,114 1,389 2,008 4,706 976 803 1,640 2,546 5,876 U.S. Treasury—general account 5,483 420 751 305 389 342 480 438 349 139 505 620 745 Foreign 275 7 111 9 19 12 17 33 7 7 9 13 31 Other 2/ 571 476 , 22 41 9 1 1 2 8 11 Total deposits 36,991 1,386 8,035 1,262 2,522 1,765 2,546 5,186 1,333 950 2,156 3,187 6,663 Deferred availability cash items 9,456 274 960 278 507 2,037 1,115 998 559 634 1,066 611 417 Other liabilities and accrued dividends 1/ 1,897 79 479 81 138 146 96 260 82 40 71 87 338 TOTAL LIABILITIES 115,403 7,179 37,981 6,725 11,844 13,668 6,980 24,122 6,452 3,469 8*009 9,442 19,532 CAPITAL ACCOUNTS Capital paid in 1,134 33 288 45 95 58 85 168 35 36 49 66 176 Surplus 1,078 i 33 280 44 92 57 81 163 33 34 46, 63 152 Other capital accounts 746 32 182 34 59 57 31 113 30 16 31 48 113 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 158,361 7,277 38,731 6,848 12,090 13,840 7,177 24,566 6,550 3,555 8,135 9,619 19,973 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 122,434 6,393 31,948 6,260 9,403 10,640 5,345 19,151 5,142 2,563 5,480 6,341 13,768 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 1,413 109 165 27 66 383 64 147 119 74 107 120 32 U.S. Govt, and Agency securities 107,993 5,199 28,397 5,218 8,542 8,773 4,692 17,113 4,470 2,225 4,825 5,684 12,855 Total collateral 122,434 6,393 31,948 6,260 9,403 10,640 5,345 19,151 5,142 2,563 5,480 6,341 13,768 1/ Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitment 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 26, 1979 New Phila Cleve Rich- St. Minne- Kansas San Total Boston York delphia land mond Atlanta Chicago Louis apolis Citv Dallas Francisco (In millions of dollars) A SS ETS 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 Coin 444 28 28 23 47 47 49 33 34 16 51 30 58 Loans 1,820 224 245 65 66 405 71 247 130 86 124 125 32 Acceptances: Bought outright Held under repurchase agreements 684 684 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/ 308 308 U.S. Government securities: Bought outright— Bills 44,122 2,134 10,875 2,110 3,544 3,613 1,828 7,002 1,878 981 1,948 2,404 5,805 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/ 113,852 5,506 28,063 5,444 9,146 9,324 4,718 18,068 4,845 2,531 5,026 6,203 14,978 Held under repurchase agreements 1/ 1,153 1,153 Total U.S. Government securities 115,005 ._.._5iAQ6.__. 29,216 5,444 9,146 9,324 4,718 18,068 4,845 2,531 5,026 _JL*JPJL 14,j78 Total loans and securities 126,041 6,128 32,480 5,902 9,873 10,402 5,130 19,620 5,325 2,800 5,513 6,776 16,092 Cash items in process of collection 14,656 408 1,686 520 871 2,214 2,035 1,832 902 936 1,710 757 785 Bank premises 400 105 12 54 23 80 27 16 13 28 19 12 11 Other assets 3/ 3,792 145 909 269 287 250 269 525 133 99 155 226 525 Interdistrict settlement account -0- 622 + 230 935 194 - 637 - 922 + 649 410 - 588 + 139 +1,281 +1,621 TOTAL 158,361 7,277 38,731 6,848 12,090 13,840 7,177 24,566 6,550 3,555 8,135 9,619 19,973 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 $1,183 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