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 November 1, 1979 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, October 31, October 24 November 1, October 31, and related items 1979 * 1979 1978 1979 * Reserve Bank credit: (In millions of dollars) U.S. Government securities-- 1/ V Bought outright--System account 114,171 798 -h 59 114,455 Held under repurchase agreements 1,269 711 313 125 Federal Agency obligations-- Bought outright 8,221 284 8,221 Held under repurchase agreements 280 30 174 57 Acceptances-- Bought outright HeLd under repurchase agreements 336 211 79 317 Loans-- Total member bank borrowing 3,056 + 96 + 1,751 2,672 Includes seasonal borrowing of: 187 + 23 46 172 Other borrowing Float 4,136 -1, 173 774 4,726 Other F.R. assets 4,479 + 30 + 1,541 4,553 Total Reserve Bank credit 135,949 + 644 + 2,453 135,126 Gold Stock 11,195 - 1 » 460 11,194 Special Drawing Rights certif. acct. 1,800 -- + 500 1,800 Treasury currency outstanding 12,786 + 33 + 1,039 12,793 161,730 + 676 + 3,533 160,913 Currency in circulation 119,522 - 290 +10,595 119,949 Treasury cash holdings 364 + 8 + 75 360 Treasury deposits with F.R. Banks 3,073 - 432 -12,035 2,209 Foreign deposits with F.R. Banks 320 + 28 + 35 352 Other deposits with F.R. Banks 655 + 75 + 105 330 Other F.R. liabilities and capital 5,208 + 300 + 636 5,153 129,143 - 311 588 128,353 Reserves: With Federal Reserve Banks 3/ 32,588 + 989 + 4,121 32,561 Currency and coin 10,891 + 949 + 1,030 10,891 Total reserves held 4/ 43,622 + 1 ,938 +5,214 43,595 Required reserves 43,264 + 1 ,731 + 4,969 43,264 Excess reserves 4/ 358 + 207 + 245 331 NOTE: A net of $91 million of surplus reserves were eLigible to be carried forward from the week ended October 24, into the week ending October 31. On October 31, 1979, marketable U.S. Government securiLies held in custody by the Federal Reserve. Banks Jor foreign oti'icial. and internaLionai accounts were $81,929 million, a decrease ol $1,100 million for the week. 1/ Net: of $1,919 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $1,919 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. Government, securities. V Net of $1,635 million matched sa Le-purcliase transactions outstanding at the end of the latest statement week, of which $1,635 million was with foreign official and international accounts. Includes $164 million securities loaned--fully secured by U.S. Government securities. y Includes reserves of Member Banks and Edge Act Corporations. Adjusted to include $143 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November L9, 1975. Estimated (New York and Cleveland Districts). 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 since October 31, Oct. 24, Nov. 1, A S S E TS 1979** 1979 1978 Gold certificate account 11,194 - 2 - 461 Special Drawing Rights certif. acct. 1,800 -- + 500 Coin 449 - 7 4- 151 Loans 2,672 -1 ,434 4- 88* Acceptances- - Bought outright _ Held under repurchase agreements 317 4- 317 88 Federal Agency obligations—Bought outright 8,221 + 289 Held under repurchase agreements 1/ 57 4- 57 - 962 U.S. Government securities: « Bought outright--Bills 44,028 +1 ,371 1 ,557 Notes 56,242 4-1 ,716 Bonds 14,185 -. 4-2 ,428 Total bought outright 2/ 114,455 +1,371 4- 2,587 Held under repurchase agreements 1/ 125 4- 125 - 2,551 Total U.S. Government securities 114,580 4-1,496 4- 36 Total loans and securities 125,847 4- 436 4- 158 Cash items in process of collection (2,434) 14,491 4-2,900 + 1,226 Bank premises 402 -- 4- 7 Other assets 5J 4,151 4- 93 4- 1,330 TOTAL ASSETS (2,434) 158,334 4-3,420 4- 2,911 L I A B I L I T I ES Federal Reserve notes 107,964 29 4- 9,628 Deposits: Reserve accounts: Member Banks 32 ,192 4- 554 4- 1 767 Edge Act Corporations 369 4- 74 4- 152 Total 32 ,561 4- 628 4- 1 ,919 U.S. Treasury—general account 2 ,209 -1 ,009 -12 ,113 Foreign 352 4- 51 4- 108 Other 330 4- 43 - 26 Total deposits 35 ,452 - 287 -10 ,112 Deferred availability cash items (2,434) 9 ,765 +3 ,442 4- 2 817 Other liabilities and accrued dividends bJ 2 014 4- 18 4- 331 TOTAL LIABILITIES (2,434) 155 ,195 +3,202 4- 2,664 C A P I T AL A C C O U N TS Capital paid in 1,136 4- 1 4- 68 Surplus 1,078 4- 49 Other capital accounts 925 4- 217 4- 130 Figures in parentheses are the eliminations made in the consolidating process. Estimated (New York and Cleveland Districts). 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 $1,215 million was outstanding at the end of the latest statement week. 2/ Net of $1,635 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $164 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 rpval naf-inn at marVpf PvrhangP rafoc r»f fru-g-ign ovr^angP rnmmi^onfg MATURITY DISTRIBUTION: OF LOANS AND SECURITIES, OCTOBER 31, 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 LLooaannss AAcccceepptt securities obligations aanncceess Holdings Weekly Holdings Weekly changes changes Within 15 days 2,577 317 6,848 4-3,753 109 4-57 16 days to 90 days 95 -- 20,930 -2,552 352 — , 91 days to 1 year -_ -- 35,036 4- 179 1,350 — ! Over 1 year to 5 years -- ...- 27,089 4- 116 4,290 Over 5 years to 10 years _- -- 12,294 1,435 -- 1 Over 10 years -- 1122,,338833 -_ 774422 —— 11 Total 2,672 33TT77 111144,,558800 4-1,496 88,,227788 44--5577 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 31, 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 11,194 992 2,894 924 646 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 449 31 27 20 46 47 46 35 34 15 49 30 69 Loans 2,672 183 152 226 133 395 239 604 98 77 169 305 91 Acceptances: Bought outright -- -- -- -- -- — -- — -- -- -- -- -- Held under repurchase agreements 317 -- 317 -- -- — -- -- -- -- -- -- — 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/ 57 -- 57 -- -- -- — -- -- -- -- -- -- U.S. Government securities: Bought outright— Bills 44,028 2,129 10,853 2,106 3,537 3,606 1,824 6,987 1,873 979 1,943 2,398 5,793 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/ 114,455 5,535 28,212 5,473 9,195 9,374 4,742 18,164 4,870 2,544 5,052 6,236 15,058 Held under repurchase agreements \J 125 -- 125 __ -.- __ -- -- -- — -- -- -- Total U.S. Government securities 114,580 5,535 28,337 5,473 9,195 9,374 4,742 18,164 4,870 2,544 5,052 6,236 15,058 Total loans and securities 125,847 6,115 30,889 6,092 9,988 10,442 5,322 20,073 5,318 2,804 5,584 6,989 16,231 Cash items in process of collection 16,925 424 3,555 407 1,314 2,618 1,938 1,826 711 1,045 1,316 1,173 598 Bank premises 402 j 104 13 54 23 80 28 16 13 28 20 12 11 Other assets 3/ 4,151 157 1,003 173 331 285 256 679 153 117 165 229 603 Interdistrict settlement account • -o-| - 762 +4,445 -1,144 - 601 - 563 - 996 - 634 - 536 - 623 + 181 + 7 +1,226 TOTAL 160,768 7,154 43,285 6,617 11,896 14,393 7,183 23,886 6,246 3,649 7,863 8,977 19,619 \j Does not include U.S. Government and Federal Agency securities resold under matched sale-purchase transactions to foreign official and internation accounts, of which $1,215 million was outstanding at the end of the latest statement week. 2/ Net of $1,635 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $164 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 and Cleveland Districts). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON October 31, 1979 H.4.1(c) * Phila >v St, Minne Kansas San Total Boston New York delphia Cleveland Richmond Atlanta Chicago Louis apolis City Dallas Francisc (In millions of dollars) L I A B I L I T I ES Federal Reserve notes 107,964 5,486 28,580 5,200 8,807 9,777 3,326 17,809 4,516 1,850 4,796 5,627 12,190 Deposits: Reserve accounts 1/ 32,561 989 8,998 785 1,578 1,669 2,161 4,501 928 943 1,568 2,234 6,207 2,209 180 332 165 159 286 165 115 129 115 229 188 146 U.S. Treasury—general account 352 8 153 11 23 14 20 41 8 9 11 16 38 Foreign 330 2 297 1 1 12 1 7 1 1 3 1 3 Other Total deposits 35,452 1,179 9 S 780 962 1,761 1,981 2,347 4,664 1,066 1,068 1,811 2,439 6,394 Deferred availability crsh items 12,199 301 3,555 229 925 2,295 1,202 646 468 596 1,045 650 287 Other liabilities and accrued dividends 22// 2,014 81 580 90 151 153 101 290 90 43 74 89 272 TOTAL LIABILITIES 157,629 7,047 42,495 6,481 11,644 14,206 6,976 23,409 6,140 3,557 7,726 8,805 19,143 CAPITAL ACCOUNTS Capital paid in 1,136 33 289 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 925 41 221 47 65 72 41 146 38 22 42 42 148 TOTAL LIABILITIES A.ND CAPITAL ACCOUNTS 160,768 7,154 43,285 6,617 11,896 14,393 7,183 23,886 6,246 3,649 7,863 8,977 19,619 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 124,342 6,457 32,484 6,204 9,552 10,541 5,369 19,496 5,281 2,543 5,704 6,493 14,218 Collateral for F.R. notes: Gold certificate account 11,194 992 2,894 924 646 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 1,743 97 128 175 133 352 144 285 57 60 124 173 15 U.S. Gov't, and Agency securities 109,605 5,275 29,003 5,014 8,624 8,705 4,636 17,320 4,671 2,220 5,032 5,783 13,322 Total collateral 124,342 6,457 32,484 6,204 9,552 10,541 5,369 19,496 5,281 2,543 5,704 6,493 14,218 1/ Includes reserves of Member Banks and Edge Act Corporations. 2/ Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. * Estimated (New York and Cleveland Districts). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis