H.4.1 Factors Affecting Reserve Balances of Depository Institutions

v^S£ FEDERAL RESERVE Factors Affecting Bank Reserves and 'rf*Zuc&: Condition Statement of F.R. Banks H.4.1 For immediate release October 11, 197$ Averages of daily figures Member bank reserves, Week ended| Charge from weel euifd'Wednesday Reserve Bank credit, October 10,|O ctober 3, October 11,; October 10, and related items 1979 1979 197.P I. 1979 Reserve Bank credit: "(in millions of dollars) U.S. Government securities— 1/ Bought outright—System account 112,797 - 813 - 714 113,240 Held under repurchase agreements 65 - 773 - 724 Federal Agency obligations-- Bought outright ,223 1 282 8,221 Held under repurchase agreements 41 - 803 237 Acceptances-- Bought outright Held under repurchase agreements 45 - 801 116 Loans-- Total member bank borrowing 938 - 181 301 515 Includes seasonal borrowing of: 139 38 66 133 Other borrowing Float 6,841 +1,362 + 1,532 8,422 Other F.R. assets 4,280 - 222 + 1,768 4,509 Total Reserve Bank credit 133,231 -2,230 + 1,492 134,907 Gold Stock 11,223 5 - 445 11,212 Special Drawing Rights certif. acct. 1,800 + 500 1,800 Treasury currency outstanding 12,709 39 + 1,006 12,716 158,964 -2,196 + 2,554 160,635 Currency in circulation * 119,882 +1,002 +10,981 120,641 Treasury cash holdings * 327 + 5 + 20 310 Treasury deposits with F.R. Banks 2,883 -2,042 -11,624 2,625 Foreign deposits with F.R. Banks 281 - 71 66 280 Other deposits with F.R. Banks 610 - 190 + 51 686 Other F.R. liabilities and capital 4,669 - 191 + 771 4,562 128,651 -1,489 + 132 129,104 Member bank reserves: With Federal Reserve Banks 30,313 - 707 + 2,423 31,531 Currency and coin 11,078 + 119 + 1,047 11,078 Total reserves held 3/ 41,533 - 591 + 3,536 42,751 Required reserves 40,719 -1,048 + 3,072 40,719 Excess reserves 3/ 814 + 457 + 464 2,032 NOTE: A net of $178 million of surplus reserves were eligible to be carried forward from the week ended October 3, into the week ending October 10, 1979. On October 10, 1979, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $85,297 million, an increase of $2,011 million for the VT.ek. 1/ Net of $3,234 million, daily average, matched sale-purchase transactions outstanding during the latest statement we el., of which $2,612 milliorwas with foreign official and internatici..el accounts. Includes securities loaned—fully secured by U.S. Government securities. 2J Net of $2,792 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which $2,792 million was with foreign official and interneticnal accounts. Includes $161 million securities loaned—fully secured by U.S. Government- securities. 3/ Adjusted to include $142 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. * 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 3ANKS (In millions of dollars) WWeeddnneessddaayy Change since OOcctt.. 1100,, Oct. 3, Oct. . 11, A S S. E T S 1979 1979 1978 Gold certificate account 11,212 - 16 - 455 Special Drawing Rights certif. acct. * 1,800 _- + 500 Coin 450 - 5 + 163 Loans 515 - 574 - 161 Acceptances—Bought outright Held under repurchase agreements __ -- _ 611 Federal Agency obligations—Bought outright 8,221 - 3 + 280 Held under repurchase agreements \l -- -- - 1,228 U.S. Government securities: Bought outright—Bills 42,876 + 3,499 -5,308 Certificates Notes 56,179 + 668 + 2,320 Bonds 1144,,118855 - r ±±__2, 568 Total bought outright V 111133,,224400 + 4,167 420 Held under repurchase agreements U -- -- --3,178 Total U.S. Government securities 113,240 + 4,167 3,598 Total loans and securities 121,976 + 3,590 -5,318 Cash items in process of collection (2,8 11) 16,669 + 1,703 + 618 Bank premises 402 + 5 + 2 Other assets 3/ 4,107 + 235 + 1,947 TOTAL ASSETS (2 811) 156,616 +_5 ,512 z_ 2,543 LIABILITIES Federal Reserve notes 108,685 + 1,047 +10,230 Deposits: Member bank-reserves account 31,531 + 3,698 - 1,362 U.S. Treasury-general account 2,625 - 631 -12,459 Foreign 280 - 18 - 20 Other 686 + 73 + 153 Total deposits 35,122 + 3.122 -13,688 Deferred availability cash items (2 811) 8,247 + 1,035 + 462 Other liabilities and accrued dividends f±l 2,022 + 125 + 315 TOTAL LIABILITIES (2 811) 154,076 + 5,329 -2,681 C A P I T AL A C C O U N TS Capital paid in 1,135 + 73 Surplus 1,078 -- + 49 Other capital accounts 327 + 183 + 16 * Figures in parentheses are the eliminations made in the consolidating process. \J 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 $2,792 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $161 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 accounts reflecting, beginning December 29, 1978, the monthly revaluation at market exchange rates of foreign exchange commitments MATURITY DISTRIBUTION: OF LOANS AND SECURITIES. October 10, 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 430 3,437 -1,151 12 - 21 16 days to 90 days 85 23,890 +5,412 362 +138 91 days to 1 year 34,298 - 762 1,263 -149 Over 1 year to 5 years 26,938 + 668 4,415 + 29 Over 5 years to 10 years 12,294 -- 1,427 .- Over 10 years 12,383 -- 774422 -_ Total 515 113,240 +4,167 88,,222211 - 3 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 10, 1979 New Phila Cleve- Rich St. Minne- 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 11,212 992 2,912 924 646 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 450 29 27 22 46 48 48 35 34 16 50 31 64 Loans 515 4 2 120 12 10 49 139 46 50 68 15 — Acceptances: Bought outright -- -- -- -- -- -- -- -- -- -- __ -- •-- Held under repurchase agreements -- — -- -- -- -- __ -- -- -- __ -- -- Federal Agency obligations— Bought outright 8,221 397 2,026 393 660 673 341 1,305 350 183 363 448 1,082 Held under repurchase agreements 1/ -- -- -- -- -- -- __ -- -- -- -- -- U.S. Government securities: Bought outright— Bills 42,876 2,074 10,569 2,050 3,444 3,511 1,776 6,805 1,824 953 1,893 2,336 5,641 Certificates -- -- -- -- -- -- -- -- -- -- -- -- -- Note 8 56,179 2,717 13,847 2,686 4,513 4,601 2,328 8,915 2,391 1 ,249 2,480 3,061 7,391 Bonds 14,185 686 3,496 678 1,140 1,162 588 2,251 604 315 626 773 1,866 Total bought outright?./ 113,240 5,477 27,912 5,414 9,097 9,274 4,692 17,971 4,819 2 517 4,999 6,170 14,898 Held under repurchase agreements 1/ -- -- -- -- _- -- -- -- __ -- -- -- -- Total U.S. Government securities 113,240 5,477 27,912 5^414 9,097 9,274 4,692 17,971 4,819 2 ,517 4,999 6,170 14,898 Total loans and securities 112211,,997766 55,,887788 2299,,994400 55,,992277 99,,776699 99,,995577 55,,008822 1199,,441155 55,,221155 22 ,,775500 55,,443300 66,,663333 15,980 Cash items in process of collection 1199,,448800 665577 33,,116633 775544 11,,992233 33,,009966 11,,994466 22,,337711 996600 992211 11,,880066 11,,333344 549 Bank premises 402 104 13 54 23 80 28 16 13 28 20 12 11 Other assets!/ 4,107 ! 193 908 199 305 257 307 633 257 138 158 223 529 IInntteerrddiissttrriicctt sseettttlleemmeenntt aaccccoouunntt jj -0- - 589 +3.287 -1,126 - 892 - 223 - 980 + 190 - 707 -669 - 90 + 224 +1,575 TTOOTTAALL 159,427 1 7,357 40,709 6,845 11,969 14,699 7,020 24,551 6,325 3 ,447 7,922 8,994 19,589 1/ Does not include US 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 $2,792 million matched sale-purchase transactions outstanding at the end of the latest statement week Includes $161 million securities loaned--fully ~~ secured by US Government securities. 3/ Includes assets denominated in foreign currencies. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON October 10, 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 108,685 5,518 28,848 5,247 8,835 9,857 3,287 17,942 4,557 1,871 4,794 5,641 12,288 Deposits: Member bank reserves 31,531 1,128 8,379 907 1,977 1,565 1,764 4,704 886 658 1,415 2,202 5,946 U.S. Treasury—general account 2,625 188 373 201 143 317 250 237 111 108 130 160 407 Foreign 280 8 77 11 23 15 21 41 8 9 12 16 39 Other 686 -- 565 -- 1 18 56 7 13 2 2 13 9 Total deposits 35,122 1,324 9,394 1,119 2,144 1,915 2,091 4,989 1,018 777 1,559 2,391 6,401 Deferred availability cash items 11,058 33$ 1,292 292 613 2,652 1,357 920 533 680 1,388 735 257 Other liabilities and accrued dividends 11// 2,022 97 530 81 166 137 104 323 136 40 69 89 250 TOTAL LIABILITIES 156,887 7,278 40,064 6,739 11,758 14,561 6,839 24,174 6,244 3,368 7,810 8,856 19,196 CAPITAL ACCOUNTS Capital paid in 1,135 33 288 45 95 58 85 168 35 36 49 67 176 Surplus 1,078 33 280 44 92 57 81 163 33 34 46 63 152 Other capital accounts 327 13 77 17 24 23 15 46 13 9 17 8 65 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 159,427 7,357 40,709 6,845 11,969 14,699 7,020 24,551 6,325 3,447 7,922 8,994 19,589 _ FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 122,865 6,482 32,063 6,250 9,460 10,544 5,306 19,306 5,174 2,565 5,518 6,384 13,813 Collateral for F.R. notes: Gold certificate account 11,212 992 2,912 924 646 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 Eligible paper 382 4 2 120 11 4 34 58 40 41 53 15 -- U.S. Gov't and Agency Securities 109,471 5,393 28,690 5,115 8,654 9,056 4,683 17,357 4,581 2,261 4,917 5,832 12,932 Total collateral 122,865 6,482 32,063 6,250 9,460 10,544 5,306 19,306 5,174 2,565 5,518 6,384 13,813 1/ Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis