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 October 18, 1979 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, October 17, October 10, October 18, October 17, and related items 1979* 1979 1978 1979* Reserve Bank credit: (In millions of dollars) U.S. Government securities-- 1/ 2/ Bought outright--System account 113,221 424 627 113,744 Held under repurchase agreements 65 359 Federal Agency obligations-- Bought outright 8,221 2 280 8,221 Held under repurchase agreements 41 413 Acceptances-- Bought outright Held under repurchase agreements 45 - 170 Loans-- Total member bank borrowing 1,530 592 + 280 4,257 Includes seasonal borrowing of: 151 12 - 68 149 Other borrowing Float 7,883 + 1,262 + 260 8,187 Other F.R. assets 4,569 + 289 + 1 ,898 4,874 Total Reserve Bank credit 135,424 +2,413 + 1 ,150 139,283 Gold Stock 11,196 27 - 460 11,196 Special Drawing Rights certif. acct. 1,800 + 500 1,800 Treasury currency outstanding 12,731 + 22 + 1, 002 12,753 161,150 +2,406 + 2 ,190 165,032 Currency in circulation ** 120,270 395 +11 ,011 120,495 Treasury cash holdings ** 340 6 + 23 340 Treasury deposits with F.R. Banks 2,987 104 -12 ,144 3,423 Foreign deposits with F.R. Banks 321 40 + 38 290 Other deposits with F.R. Banks 636 26 + 51 466 Other F.R. liabilities and capital 4,840 _171 + 632 4,907 129,394 743 - 389 129,921 Member bank reserves: With Federal Reserve Banks 31,756 +1,663 + 2 579 35,111 Currency and coin 10,692 - 386 + 1 192 10,692 Total reserves held 3/ 42,590 +1,277 + 3 834 45,945 Required reserves 42,597 +1,878 + 3 722 42,597 Excess reserves 3/ 7 - 601 + 112 3,348 NOTE: A net of $249 million of surplus reserves wore eligible to be carried forward from the week ended October 10, into the week ending October 1.7. On October 17, 1979, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $83,696 million, a decrease of $1,601 million for the week. 1/ Net of $2,953 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $2,579 million was with loreign official and international accounts. Includes securities loaned — fully secured by U.S. Government securities. 2/ Net of $2,391 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which $2,391 million was with foreign official and international accounts. Includes $281 million securities loaned--fully secured by U.S. Government securities. 3/ Adjusted to include $142 million waivers of penalties for reserve deficiencies maccordance with Board policy effective November 19, 1975. Estimated (New York 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 Cln millions of dollars) Wednesday Change since Oct. 17, Oct. 10, Oct. 18, A S S E TS 197Q** 1Q7Q 1Q7R | Gold certificate account 11,196 16 459 Special Drawing Rights certif. acct. * 1,800 — + 500 Coin 457 + 7 + 166 Loans 4,257 +3,742 + 2,597 Acceptances—Bought outright Held under repurchase agreements Federal Agency obligations--Bought outright 8,221 280 Held under repurchase agreements 1/ U.S. Government securities: Bought outright--Bills 43,380 + 504 2,859 Certificates Notes 56,179 — + 1,653 Bonds 14,185 — + 2,428 Total bought outright 2/ 113,744 + 504 + 1,222 Held under repurchase agreements 1/ .. — -- Total U.S. Government securities 113,744 + 504 + 1,222 Total loans and securities 126,222 +4, 246 + 4,099 Cash items in process of collection (2,522) 15,851 - 818 - 168 Bank premises 403 + 1 + 8 Other assets $f 4,471 +_ 364 +2,230 TOTAL ASSETS (2,522) 160,400 +3,784 + 6,376 L I A B I L I T I ES Federal Reserve notes 108,539 - 146 +10,314 Deposits: Member bank-reserves account 35,111 +3,580 + 7,157 U.S. Treasury—general account 3,423 + 798 -11,925 Foreign 290 + 10 + 38 Other ._/ 466 - 220 88 Total deposits 39,290 +4,168 - 4,818 Defetfred availability cash items (2,522) 7,664 - 583 + 226 Other liabilities and accrued dividends 4/ 2,180 + 158 + 495 TOTAL LIABILITIES (2,522) 157,673 +3,597 + 6,217 C A P I T AL A C C O U N TS Capital paid in 1,135 •»«. + 71 Surplus 1,078 — + 49 Other capital accounts 514 + 187 + 39 * Figures in parentheses are the eliminations made in the consolidating process. ** Estimated (New York District). 1/ Does »ot 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 $2,391 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $281 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 17, 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 4,228 3,185 -252 64 +52 16 days to 90 days 29 23,717 -173 310 -52 91 days to 1 year 35,227 +929 1,280 +17 Over 1 year to 5 years 26,938 — 4,398 -17 Over 5 years to 10 years 12,294 — 1,427 Over 10 years 12,383 — 742 -- Total 4,257 113,744 +504 8,221 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 17, 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 ' 11,196 992 2,896 924 646 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 457 30 27 21 46 47 48 37 35 15 50 31 70 Loans 4,257 153 2,547 62 44 104 182 349 149 108 82 55 422 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 43,380 2,098 10,693 2,075 3,485 3,553 1,797 6,885 1,845 964 1,915 2,363 5,707 Certificates -- -._ -- -- -- -- -- -- -- -- -- — — Notes 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 2/ 113,744 5,501 28,036 5,439 9,138 9,316 4,713 18,051 4,840 2 ,528 5,021 6,197 14,964 Held under repurchase agreements 1/ -- -- — — — -- -. -- -- ..- ' -- .- — Total U.S. Government securities 113,744 5,501 28,036 5,439 9,138 9,316 4,713 18,051 4,840 2 ,528 5,021 6,197 14,964 Total loans and securities 126,222 6,051 32,609 5,894 9,842 10,093 5,236 19,705 5,339 2 ,819 5,466 6,700 16,468 Cash items in process of collection 18,373 550 3,055 512 1,198 2,557 2,078 2,126 921 1 ,486 1,748 1,573 569 Bank premises 403 104 13 54 23 80 29 16 13 28 20 12 11 Other assets 3/ 4,471 j 151 942 211 377 456 310 699 144 118 157 237 669 Interdistrict settlement account -0- - 792 +2,654 - 609 - 335 - 443 - 750 - 569 - 443 -1, 164 + 103 4- 186 +2,162 TOTAL 162,922 7,179 42,655 7,098 11,946 14,274 7,540 23,905 6,562 3 ,565 8,092 9,276 20,830 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 $2,391 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $281 million securities loaned—fully secured by U.S. Government securities. 3/ Includes assets denominated in foreign currencies , revalued monthly at market exchange rates. * Estimated (New York District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON October 17, 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) LIABILITIES. Federal Reserve notes 108,539 5,513 28,773 5,178 8,806 9,897 3,374 17,864 4,525 1,860 4,809 5,666 12,274 Deposits: Member bank reserves 35,111 847 10,513 1,235 1,960 1,347 2,171 4,047 1,069 788 1,636 2,399 7,099 U.S. Treasury—general account 3,423 282 435 204 258 294 335 418 255 115 224 247 356 Foreign , 290 87 11 23 15 21 41 8 9 12 16 39 Other 466 367 1 18 46 6 1 2 4 10 10 Total deposits 39,290 1,138 11,402 1,450 2,242 1,674 2,573 4,512 1,333 914 1,876 2,672 7,504 Deferred availability cash items 10,186 354 1,237 267 535 2,245 1,301 785 529 663 1,208 694 368 Other liabilities and accrued dividends 1/ 2,180 87 552 138 305 103 336 87 45 79 94 266 TOTAL LIABILITIES 160,195 7,092 41,964 6,983 11,721 14,121 7,351 23,497 6,474 3,482 7,972 9,126 20,412 CAPITAL ACCOUNTS Capital paid in 1,135 33 288 45 95 58 86 168 34 36 49 67 176 Surplus 1,078 33 280 44 92 57 81 163 33 34 46 63 152 Other capital accounts 514 21 123 26 38 38 22 77 21 13 25 20 90 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 162,922 7,179 42,655 7,098 11,946 14,274 7,540 23,905 6,562 3,565 8,092 9,276 20,830 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 123,293 6,450 32,134 6,207 9,455 10,599 5,379 19,320 5,257 2,549 5,558 6,419 13,966 Collateral for F.R. notes: Gold certificate account 11,196 992 2,896 924 646 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 1,293 56 84 32 44 103 123 208 102 88 67 55 331 U S Gov't and Agency securities 109,004 5,309 28,695 5,160 8,616 9,012 4,667 17,221 4,602 2,198 4,943 5.827 12,754 Total collateral 123,293 6,450 32,134 6,207 9,455 10,599 5,379 19,320 5,257 2,549 5,558 6,419 13,966 1/ Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. * Estimated (New York District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis