H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks Fpr immediate release H.4,1 October 4, 1979 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, October 3, Sept., 2 6, October 4, October 3, and related items 1979* 1979 1978 1979* Reserve Bank credit: (In millions of dollars) U.S. Government securities— 1/ y Bought outright—System account 113,610 + 132 + 623 109,073 Held under repurchase agreements 838 - 430 - 1,218 Federal Agency obligations- Bought outright 8,224 + 278 8,224 Held under repurchase agreements 844 + »42 + 101 Acceptances- Bought outright Held under repurchase agreements 846 464 + 243 Loans-- Total member bank borrowing 1,119 - 42 - 167 1,089 Includes seasonal borrowing of: 177 ~ 3 31 151 Other borrowing Float 5,483 + 320 + 761 8,007 Other F.R. assets 4,508 + 398 + 2,068 4,312 Total Reserve Bank credit 135,472 +1 ,284 + 2,689 130,705 Gold Stock 11,228 -- - 440 11,228 Special Drawing Rights certif. acct. 1,800 _- + 500 1,800 Treasury currency outstanding 12,670 + 25 4- 979 12,704 161,170 + 1 ,309 + 3,728 156,437 Currency in circulation 118,886 + 244 +10,932 119,586 Treasury cash holdings 318 + 11 + 17 310 Treasury deposits with F.R. Banks 4,962 + 409 •10,176 3,512 Foreign deposits with F.R. Banks 352 + 90 + 58 298 Other deposits with F.R. Banks 800 + 178 + 160 613 Other F.R. liabilities and capital 4^865 + 17 + 641 4,285 130,182 949 + 1,631 128,604 Member bank reserves: With Federal Reserve Banks 30,988 4- 360 + 2,098 27,833 Currency and coin 10,959 + 121 + 1,055 1 10,959 Total reserves held y 42,092 + 477 + 3,223 38,937 Required reserves 41,767 + 245 + 3,021 41,767 Excess reserves 3/ 325 + 232 + 202 - 2,830 NOTE: A net of $32 million of surplus reserves were eligible to be carried forward from the week ended September 26, into the week ending October 3. On October 3, 1979, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $83,286 million, an increase of $1,305 million for the week. 1/ Net of $2,637 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $1,947 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. Government securities. 1/ Net of $7,262 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which $2,429 million was with foreign official and international accounts. Includes $242 million securities loaned--fully secured by U.S. Government securities. 2/ Adjusted to include $145 million waivers o£ penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. * Estimated (Cleveland and Atlanta Districts). Estimated Treasury's Figures. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(a^ CONSOLIDATED STATEMENT 01 CONDITION OF ALL FEDERAL RESERVE BANKS (Tn millions of dollars) Wednesday Change si nee Oct. 3, Sept. 26, Oct. 4, A S S E TS 1979 1979 1978 Gold certificate account 11,228 -- - 440 Special Drawing Rights certif. acct. * 1,800 -- + 500 Coin 455 + l\ + 173 Loans 1,089 - 731 - 416 Acceptances—Bought outright Held under repurchase agreements _» - 684 _ 216 Federal Agency obligations--Bought outright 8,224 -- + 283 Held under repurchase agreements 1/ -- - 308 - 79 U.S. Government securities: Bought outright--Bills 39,377 -4,745 -7,425 Certificates Notes 55,511 - 134 + 1,652 Bonds 14,185 + 100 +_2 ,568 _ Total bought outright 2/ 109,073 -4,779 3,205 Held under repurchase agreements _1/ -- --11,,115533 -- 182 Total U.S. Government securities 109,073 --55,,993322 3,387 Total loans and securities 118,386 -7,655 -3,815 Cash items in process of collection (2,593) 14,985 +2,723 + 2,086 Bank premises 397 3 + 4 Other assets 3_/ 3,915 + 123 + 1,742 TOTAL ASSETS (2,593) 151,166 -4,801 +_ 250 Federal Reserve notes 107,647 + 588 +10,195 Deposits: Member bank-reserves account 27,833 -2,829 - 1,900 U.S. Treasury—general account 3,512 -1,971 -8,650 Foreign 298 + 23 + 26 Other 613 + 42 + 68 Total deposits 32,256 -4,735 -i0,456 Deferred availability cash items (2,593) 6,978 - 84 + 130 Other liabilities and accrued dividends 1,908 + 11 ±_ 238 TOTAL LIABILITIES (2,593) 148,789 -4,220 107 C A P I T AL A C C O U N TS Capital paid in 1,135 + 1 + 74 Surplus 1,078 -- + 49 Other capital accounts 164 - 582 + 20 * Figures in parentheses arc the eliminations made in the consolidating process. ** Estimated (Cleveland and Atlanta Districts). 1/ Docs 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 $7,262 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. 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. October 3, 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 1,020 4,588 -1,463 33 -362 16 days to 90 days 69 18,478 -4,533 224 + 1 91 days to 1 year 35,060 + 427 1,412 + 43 Over 1 year to 5 years 26,270 - 523 4,386 + 10 Over 5 years to 10 years 12,294 + 73 1,427 -- Over 10 years 12,383 ++ 8877 774422 -- Total 1,089 109,073 --55,,993322 88,,222244 -308 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 October 3, 1979 N«»w Phila- Cleve^ Rich- St. Min ne- Kansas San Total Boston York delphia land " 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 91 149 161 64 300 79 32 75 86 211 Coin 455 30 28 24 48 48 51 35 35 16 50 30 60 Loans 1,089 39 403 28 15 106 96 162 38 57 65 51 29 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 39,377 1,905 9,706 1,883 3,163 3,225 1,631 6,249 1 ,675 876 1,739 2,145 5,180 Certificates -- -- -- -- -- -- -- __ -- -- --' -- -- Notes 55,511 2,685 13,683 2,654 4,460 4,546 2,300 8,809 2 ,362 1 ,234 2,450 3,025 7,303 Bonds 14,185 686 3,496 678 1,140 1,162 588 2,251 604 315 626 773 1,866 Total bought outright 2/ L09,073 5,276 26,885 5,215 8,763 8,933 4,519 17,309 4 ,641 2 ,425 4,815 5,943 14,349 Held under repurchase agreements V -- -- -- -- -- -- -- -- -- -- -- -- -- Total U.S. Government securities 109,073 5,276 26,885 5,215 8,763 8,933 4,519 17,309 ~4 ,641 2 ,425 4,815 5,943 14,349 Total loans and securities 111188,,338866 55,,771133 2299,,331155 55,,663366 99,,443399 99,,771122 44,,995566 1188,,777766 55 ,,002299 22 ,,666655 55,,224433 66,,444422 15,460 Cash items in process of collection 1177,,557788 666677 22,,991166 668888 11,,000099 22,,668855 22,,114411 22,,006688 992233 992211 11,,554455 11,,119911 824 Bank premises 397 103 12 54 23 80 27 16 13 27 19 12 11 Other assets 3/ 3,915 145 907 218 289 245 285 612 134 101 152 240 587 Interdistrict settlement account -0- - 644 65 - 865 + 32 + 395 - 596 + 274 -_325 -525 + 237 + 696 +1,386 TOTAL 153,759 7,099 36,499 6,770 11,635 14,649 7,453 23,672 6 ,362 3 ,469 7,794 9,148 19,209 \_l Does not include U.S. Go"ernment 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 $7,262 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $242 million securities loaned--fully secured by U.S. Government securities. 3/ includes assets denominated in foreign currencies. * Estimated (Cleveland and Atlanta Districts'). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 3, 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 107,6*7 5,459 28,662 5,159 8,711 9,766 3,258 17,776 4,511 1,849 4,752 5,583 12,161 Deposits: Member bank reserves 27,833 927 4,929 837 1,836 1,864 2,124 3,975 941 696 1,594 2,357 5,753 U.S. Treasury—general account 3,512 260 256 181 262 361 504 470 270 265 175 298 210 Foreign 298 8 95 11 23 15 21 41 8 9 12 16 39 Other 661133 - 514 - 1 19 48 7 2 2 2 6 12 Total deposits 3322,,225566 1,195 5,794 1,029 2,122 2,259 2,697 4,493 1,221 972 1,783 2,677 6,014 Deferred availability cash items 9,571 291 928 405 455 2,348 1,208 788 487 536 1,086 651 3.3P, Other liabilities and accrued dividends ?_/ 1,908 84 517 80 151 154 96 26 7 70 39 69 103 278 TOTAL LIABILITIES 151,382 7,029 35,901 6,673 11,439 14,527 7,259 23,324 6,289 3,396 7,690 9,014 18,841 CAPITAL ACCOUNTS Capital paid in 1 1,135 33 288 45 95 58 85 168 35 36 49 67 176 Surplus 1,078 j 33 280 44 92 57 81 163 33 34 46 63 152 Other capital accounts 164J L 30 8 9 7 28 17 5 3 9 4 40 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 153,759 7,099 36,499 6,770 11,635 14,649 7,453 23,672 6,362 3,469 7,794 9,148 19,209 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 122,514 6,446 31,961 6,256 9,405 10,582 5,324 19,208 5,137 2,561 5,472 6,380 13,782 Collateral for "".R. rotes: Gold certificate account 11,228 992 2,927 924 646 1,323 525 1,591 474 232 473 451 670 Special Drr'-'int* Rights cert if. acct. 1,800 93 459 91 149 161 64 300 79 32 75 P6 211 Eligible pan«r 688 19 221 8 15 104 52 87 38 49 56 * 35 4 U.S. Gov't and Agency Securities 108,798 5,342 28,354 5,233 8,595 8,994 4,683 17,230 4,546 2,248 4,868 5,808 12^897 Total collateral 122,514 6,446 31,961 6,256 9,405 10,582 5,324 19,208 5,137 2,561 5,472 6,380 13,782 \l Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. * Estimated (Cleveland and Atlanta Districts). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis