H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and •.f^TRESO Condition Statement of F.R. Banks H.4.1 For immediate release November 8, 1979 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Nov. 7 Oct. 31, Nov. 8, Nov. 7, and related items 1979 1979 1978 1979 Reserve Bank credit: (In millions of dollars) U.S. Government securities— 1/. 2/ Bought outright—System account 112,733 -1,438 + 563 111,853 Held under repurchase agreements 1,740 + 471 + 1,288 Federal Agency obligations— Bought outright 8,221 + 289 8,221 Held under repurchase agreements 471 191 + 394 Acceptances-- Bought outright Held under repurchase agreements 459 123 340 Loans— Total member bank borrowing 1,928 -1,128 * + 1,232 941 Includes seasonal borrowing of: 151 - 36 40 125 Other borrowing Float 4,491 + 362 + 188 6,265 Other F.R. assets 4,465 2 + 1,204 4,664 Total Reserve Bank credit 134,508 -1,422 + 5,497 131,944 Gold Stock 11,181 14 - 471 11,164 Special Drawing Rights certif. acct. 1,800 — + 500 1,800 Treasury currency outstanding 12,793 + 7 + 1,035 12,793 160,282 -1,430 + 6,561 157,701 Currency in circulation 120,137 + 609 +10,309 120,983 Treasury cash holdings 377 + 10 + 95 370 Treasury deposits with F.R. Banks 3,146 + 73 - 7,945 3,340 Foreign deposits with F.R. Banks 314 6 + 20 354 Other deposits with F.R. Banks 291 - 357 255 287 Other F.R. liabilities and capital 4,518 - 670 + 617 4,271 128,783 - 342 + 2,841 ! 129,605 Reserves: With Federal Reserve Banks 3/ 31,500 -1,087 + 3,723 28,097 Currency and coin 11,046 + 155 + 975 11,046 Total reserves held 4/ 42,689 - 932 + 4,762 39,286 Required reserves 42,138 -1,181 + ^>552 42,138 Excess reserves 4/ 551 + 249 + 210 - 2,852 NOTE: A net of $182 million of surplus reserves were eligible to be carried forward from the week ended October 31, into the week ending November 7. On November 7, 1979, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $80,037 million, a decrease of $1,892 million for the week. 1/ Net of $3 144 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $2,262 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. I! Net of $4,039 million matched sale-purchase transactions outstanding at the e^°f " he iateSt ^atement week, of which $1,892 million was with foreign official and international accounts. Includes $145 million securities loaned—fully secured by U.S. Government securities. Includes reserves of Member Banks and Edge Act Corporations. 4/ Adjusted to include $143 million waivers of penalities 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 BANKS (In millions of dollars) Wednesday Change since Octf. oj1' 1 N?W»' A S S E TS Gold certificate account 11,164 30 - 485 Special Drawing Rights certif. acct„ 1,800 -- + 500 Coin 441 8 + 143 Loans 941 -1,731 + 158 Acceptances-- Bought outright Held under repurchase agreements - 317 Federal Agency obligations—Bought outright 8,221 289 57 Held under repurchase agreements U U.S. Government securities: 41,426 -2,602 + 456 Bought outright--Bills 56,242 -- + 1,716 Notes 1144,,118855 — + 2,428 Bonds Total bought outright 2/ 111111,,885533 -2,602 •+ 4,600 Held under repurchase agreements 1/ -- -- 112255 — Total U.S. Government securities 111,853 --22,,772277 + 4,600 Total loans and securities 121,015 -4,832 + 5,047 Cash items in process of collection (2,161) 12,368 + 675 + 2,297 Bank premises 402 — + 6 4,262 + 197 + 536 Other assets jty (2,161) 151,452 -4,004 + 8,044 TOTAL ASSETS ' L I A B I L I T I E S. Federal Reserve notes 109,000 + 191 -f 9,529 Deposits: Reserve accounts: Member Banks 27,758 -4,434 + 3,274 Edge Act Corporations 339 - 30 56 Total 28,097 -4,464 + 3,218 U.S. Treasury--general account 3,340 +1,131 - 4,649 Foreign 354 + 2 4- 105 Other 287 + 1 4- 30 Total deposits 32,078 -3,330 - 1,296 Deferred availability cash items (2,161) 6,103 - 905 - 547 Other liabilities and accrued dividends — 1,809 40 + 212 TOTAL LIABILITIES (2,161) 148,990 -3,304 + 7,898 C A P I T AL A C C O U N T S, Capital paid in 1,136 4- 67 Surplus 1,078 4- 49 Other capital accounts 248 700 4- 30 * 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 $4,039 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $145 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. NOVEMBER 7, 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 866 5,268 -1,580 -- -109 16 days to 90 days 75 20,845 - 85 431 4- 79 91 days to 1 year 33,974 -1,062 1,323 - 27 Over 1 year to 5 years 27,089 -- 4,290 -- Over 5 years to 10 years 12,294 -- 1,435 -- Over 10 years 12,383 -- 742 -- Total 941 111,853 -2,727 8,221 57 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 NOVEMBER 7, 1979 New Phila- CIeve- Rich St. Minne- Kansas San Total Boston York delphia land 1 mond Atlanta Chicago Louis apolis City Dallas Francisc< (In millions of dollars) A S S E TS Gold certificate account 11,164 992 2,894 924 646 1,293 525 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 1 441 31 24 20 48 47 45 34 35 15 49 28 65 Loans 941 18 27 34 47 83 162 231 31 65 114 90 39 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 41,426 2,004 10,211 1,981 3,328 3,393 1,716 6,574 1,762 921 1,829 2,257 5,450 Certificates -- -- -- — -- -- -- >. -- »- -- -- _- Note 8 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_/ 111,853 5,410 27,570 5,348 8,986 9,161 4,634 17,751 4,759 2,486 4,938 6,095 14,715 Held under repurchase agreements 1/ -- -- _- -- -- -. -- -- -- _- -- -- -- Total U.S. Government securities 111,853 5,410 27,570 5p348 8,986 9,161 4,634 17,751 4,759 2,486 4,938 6,095 14,715 Total loans and securities 121,015 5,825 29,623 5,775 9,693 9,917 5,137 19,287 5,140 2,734 5,415 6,633 15,836 Cash items in process of collection 14,529 394 2,109 869 613 2,491 1,688 1,838 780 931 1,318 980 518 Bank premises 402 104 13 54 23 80 28 16 13 28 20 12 11 Other assets 37 4,262 170 1,097 214 313 289 261 635 145 117 173 236 612 Interdistrict settlement account -0- - 518 +1,243 -1,093 29 - 383 -1,111 82 - 487 - 618 + 71 + 425 +2,582 TOTAL 153,613 7,091 37,462 6,854 11,456 13,895 6,637 23,619 6,179 3,470 7,594 8,851 20,505 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 $4,039 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $145 million securities loaned--fully secured by U.S. Government securities, 3/ Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON November 7, 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 109,000 5,517 28,883 5,318 8,918 9,890 3,348 17,917 4,551 1,860 4,833 5,671 12,294 Deposits: Reserve Accounts XI 28,097 922 5,750 820 1,424 1,358 1,869 4,101 836 785 1,360 2,064 6,808 U.S. Treasury—general account 3,340 166 720 129 230 310 259 300 169 154 222 243 438 Foreign 354 8 156 11 23 14 20 41 8 8 11 16 38 Other 287 1 253 17 1 6 1 3 2 3 Total deposits 32,078 1,097 6,879 960 1,677 1,699 2,149 4,448 1,014 950 1,595 2,323 7,287 Deferred availability cash items 8,264 322 669 386 505 2,034 862 600 456 539 987 622 282 Other liabilities and accrued dividends 2/ 1,809 80 401 91 152 141 99 290 82 45 72 89 267 TOTAL LIABILITIES 151,151 7,016 36,832 6,755 11,252 13,764 6,458 23,255 6,103 3,394 7,487 8,705 20,130 CAPITAL ACCOUNTS Capital paid in 1,136 33 289 45 94 58 86 168 35 36 49 67 176 Surplus 1,078 33 280 44 92 57 81 163 33 34 46 63 152 Other capital accounts 248 9 61 10 18 16 12 33 8 6 12 16 47 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 153,613 7,091 37,462 6,854 11,456 13,895 6,637 23,619 6,179 3,470 7,594 8,851 20,505 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 124,369 6,451 32,547 6,192 9,562 10,582 5,325 19,490 5,261 2,572 6,693 5,452 14,242 Collateral for F.R. notes: Gold certificate account 11,164 992 2,894 924 646 1,293 525 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 647 18 16 33 46 48 . 101 139 18 47 93 62 26 U.S. Gov't and Agency securities 110,758 5,348 29,171 5,144 8,721 9,080 4,635 17,460 4,690 2,262 5,052 5,853 13,335 Total collateral 124,369 6,451 32,547 6,192 9,562 10,582 5,325 19,490 5,261 2,572 5,693 6,452 14,242 J7 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. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis