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 25, 1979 Averages of dai ly figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, October 24,October 17, October 25, October 24, and related items 1979 * ( 1979 1978 1979 * t ; Reserve Bank credit: (In millions of dollars) U.S. Government securities-- 1/ 2/ Bought outright--System account 113,373 4- 152 - 1,364 113,084 Held under repurchase agreements 558 4- 558 - 570 Special Certificates Federal Agency oblications-- Bought outright 8,221 4- 283 8,221 Held under repurchase agreements 310 4- 310 140 Acceptances- Bought outright Held under repurchase agreements 125 + 125 157 :: Loans-- Total member bank borrowing 2,960 +1 ,430 + 1,647 4,106 Includes seasonal borrowing of: 164 4- 13 71 175 Other borrowing Float 5,316 -2 ,534 218 5,130 Other F.R. assets 4,458 - 111 4- 1,751 4,523 Total Reserve Bank credit 135,321 - 70 4- 1,233 135,064 Gold Stock 11,196 -- 459 11,196 Special Drawing Rights certif. acct. 1,800 -- 4- 500 1,800 Treasury currency outstanding 12,753 4- 22 4- 1,015 12,753 161,070 - 47 4- 2,289 160,813 Currency in circulation 119,809 - 448 4-10,897 119,831 Treasury cash holdings 351 4- 12 4- 55 340 Treasury deposits with F.R. Banks 3,505 4- 518 -11,872 3,218 Foreign deposits with F.R. Banks 292 - 29 4- 17 301 Other deposits with F.R. Banks 580 - 56 39 582 Other F.R. liabilities and capital 4,906 4- 66 4- 490 j 4,903 129,444 4- 64 450 129,175 Member bank reserves: With Federal Reserve Banks 31,626 _ 111 4- 2,739 31,638 Currency and coin 9,942 - 750 4- 841 9,942 Total reserves held 2/ 41,711 - 860 4- 3,643 41,723 Required reserves 41,533 -1 ,037 4- 3,784 ' 41,533 Excess reserves 3/ 178 + 177 141 190 NOTE: A net of $22 million of surplus reserves were eligible to be carried forward from the week ended October 17, into the week ending October 24. On October 24, 1979, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international' accounts were $83,029 million, a decrease of $667 million for the week. 1/ Net of $2,398 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $2,352 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. Government securities. 2/ Net of $2,874 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which $2,550 million was with foreign official and international accounts. Includes $226 million securities loaned--fully secured by U.S. Government securities. 3/ Adjusted to include $143 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. Estimated (Cleveland District). Estimated (Treasury's Figures). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4. It'a^ CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) WWeeddnneessddaayy Change since OOcctt.. 2244,, Oct. 17, Oct 25, A S S E TS 1979** 1979 i 1 978 Gold certificate account 11,196 459 Special Drawing Rights certif. acct. * 1,800 -- + 500 Coin 456 1 + 162 Loans 4,106 - 151 + 2,310 Acceptances--Bought outright -- -- -- Held under repurchase agreements -- — - 724 Federal Agency obligations--Bought outright 8,221 — + 283 Held under repurchase agreements 1/ — — - 1,185 U.S. Government securities: Bought outright—Bills 42,657 - 723 - 5,549 Certificates Notes 56,242 + 63 + 1,716 Bonds 1144,,118855 — ++__2 ,428 Total bought outright U 111133,,008844 - 660 1,405 Held under repurchase agreements 1/ — — -- 3,046 Total U.S. Government securities 113,084 - 660 4,451 Total loans and securities 125,411 - 811 - 3,767 Cash items in process of collection (2,259) 11,859 -3,894 + 891 Bank premises 402 1 + 7 Other assets \j 4,121 - 350 + 1,778 TOTAL ASSETS (2,259) 155,245 -5,057 Z_ 888 t HI I L I TI 15 Federal Reserve notes 107,874 - 567 + 9,972 Deposits: Member bank-reserves account 31,638 -3,473 - 3,193 U.S. Treasury—general account 3,218 - 205 - 8,530 Foreign 301 + 11 + 44 Other 582 + 116 42 Total deposits 35,739 -3,551 -11,721 Deferred availability cash items (2,259) 6,729 - 935 + 611 Other liabilities and accrued dividends 4/ 1,982 - 198 + 66 TOTAL LIABILITIES (2,259) 152,324 -5,251 - 1,072 C A P I T AL A C C O U N T S, Capital paid in 1,135 .. + 68 Surplus 1,078 — + 49 Other capital accounts 708 + 194 + 67 * Figures in parentheses 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. 2/ Net of $2,874 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $226 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,. ** Estimated (Cleveland District). MATURITY DISTRIBUTION: OF LOANS AND SECURITIES, Qf.TORF.R 2M 1Q7Q i (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 4,050 3,095 - 90 52 - 12 16 days to 90 days 56 23,482 -235 352 + 42 91 days to 1 year 34,857 -370 1,350 + 70 Over 1 year to 5 years 26,973 + 35 4,290 -108 Over 5 years to 10 years 12,294 — 1,435 + 8 Over 10 years 12,383 -- 742 -- Total 4,106 113,084 -660 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 24, -1979 New Phila- Cleve Rich- St. Minne- Kansas San Total Boston York delnhia 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 456 31 26 21 46 47 48 37 34 15 49 31 71 Loans 4,106 259 818 139 121 269 324 1,409 188 65 . 141 274 99 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 42,657 2,063 10,515' 2,040 3,427 3,494 1,767 6,769 1,815 948 1,883 2,324 5,612 Certificates -- -- — — — -- -- -- -- -- -- — -- Notes 56,242 2,720 13,863 2,689 4,518 4,606 2,330 8,926 2,393 1 ,250 2,483 3,065 7,399 Bonds 14,185 686 3,496 678 1,140 1,162 588 2,251 604 315 626 773 1,866 Total bought outright 2/ 113,084 5,469 27,874 5,407 9,085 9,262 4,685 17,946 4,812 2 ,513 4,992 6,162 14,877 Held under repurchase agreements 1/ -- — -- -- -- — — -- — -- -- -- — Total U.S. Government securities 113,084 5,469 27,874 5,407 9,085 9,262 4,685 17,946 4,812 2 ,513 4,992 6,162 14,877 Total loans and securities 125,411 6,125 30,718 5,939 9,866 10,204 5,350 20,660 5,350 2 ,761 5,496 6,884 16,058 Cash items in process of collection 14,118 441 1,510 527 1,020 2,319 1,625 1,917 762 1 ,069 1,384 902 642 Bank premises 402 104 13 54 23 80 28 16 13 28 20 12 11 Other assets 3/ • 4,121 156 981 198 370 272 267 617 145 112 181 235 587 Interdistrict settlement account -0- - 793 +1,741 - 905 + 209 - 236 - 710 -1.109 - 364 - 568 + 66 4- 377 +2,292 TOTAL 157,504 7,149 38,344 6,849 12,329 14,170 7,197 24,029 6,493 3 ,680 7,744 8,978 20,542 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 $2,874 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $226 million securities loaned— fully secured by U.S. Government securities. 3/ Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. * Estimated (Cleveland District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON C) ctober 24, 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 107,874 5,480 28,561 5,181 3,721 9,735 3,375 17,833 4,498 1,856 4,792 5,636 12,206 Deposits: Member bank reserves 31,638 1,026 6,254 959 2,192 1,864 2,036 4,530 1,090 967 1,555 2,182 6,983 U.S. Treasury—general account 3,218 178 758 218 174 179 310 263 268 166 169 218 317 Foreign 301 8 98 11 23 15 21 41 8 9 12 16 39 Other 582 1 476 1 13 42 8 1 1 23 7 9 Total deposits 35,739 1,213 7,586 1,188 2,390 2,071 2,409 4,842 1,367 1,143 1,759 2,423 7,348 Deferred availability cash items 8,988 276 898 268 838 2,051 1,114 613 443 551 992 666 278 Other liabilities and accrued dividends 1111//// 1,982 83 556 88 140 145 103 303 89 43 73 93 266 TOTAL LIABILITIES 154,583 7,052 37,601 6,725 12,089 14,002 7,001 23,591 6,397 3,593 7,616 8,818 20,098 CAPITAL ACCOUNTS Capital paid in 1,135 33 289 45 95 58 85 168 34 36 49 67 176 Surplus 1,078 33 280 44 92 57 81 163 33 34 46 63 152 Other capital accounts 708 31 174 35 53 53 30 107 29 17 33 30 116 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 157,504 7,149 38,344 6,849 12,329 14,170 7,197 24,029 . 6,493 3,680 7,744 8,978 20,542 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 123,921 6,434 32,266 6,214 9,548 10,556 5,414 19,429 5,295 2,546 5,646 6,445 14,128 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 2,246 40 677 117 121 260 203 321 103 49 112 219 24 U.S, Gov't, and Agency securities 108,679 5,309 28,234 5,082 8,632 8,812 4,622 17,217 4,639 2,234 4,986 5,689 13,223 Total collateral 123,921 6,434 32,266 6,214 9,548 10,556 5,414 19,429 5,295 2,546 5,646 6,445 14,128 JL/ Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. * Estimated (Cleveland District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis