H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and •.fSSttS?:-' Condition Statement of F.R. Banks H.4.1 Fot immediate release November 15, 1979 Averages of daily figur es Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Nov. 14, Nov. 7, 1 Nov. 15, Nov. 14, and related items 1979* 1979 1 1978 1979* Reserve Bank credit: (In millions of dollars) U.S. Government securities-- Bought outright—System account 1/ 114,620 .+ 1,887 + 5,434 2/113,147 Held under repurchase agreements - 1,740 Federal Agency obligations-- Bought outright 8,221 + 289 8,221 Held under repurchase agreements - 471 Acceptances— Bought outright _«. — „ _ — Held under repurchase agreements 459 Loans— Total member bank borrowing 1,858 70 + 1,225 1,425 Includes seasonal borrowing of: 133 18 55 126 Other borrowing Float 5,672 + 1,285 - 504 6,801 Other F.R. assets 5,042 + 577 4- 1,974 6,238 Total Reserve Bank credit 135,412 + 1,008 + 8,416 135,832 Gold Stock 11,164 17 - 478 11,164 Special Drawing Rights certif. acct. 1,800 + 500 1,800 Treasury currency outstanding 12,816 + 23 + 1,048 12,834 161,192 + 1,014 + 9,486 161,630 Currency in circulation ** 121,242 + 1,113 +10,467 121,894 Treasury cash holdings ** 385 - 1 + 107 385 Treasury deposits with F.R. Banks 2,851 - 295 - 5,241 2,981 Foreign deposits with F.R. Banks 350 + 36 + 77 379 Other deposits with F.R. Banks 253 - 38 268 252 Other F.R. liabilities and capital 4,666 + 148 + 658 | 4,989 129,747 + 964 + 5,800 130,880 Reserves: With Federal Reserve Banks 3/ 31,446 + 50 + 3,687 30,751 Currency and coin 11,242 + 196 + 1,110 11,242 Total reserves held 4/ 42,829 + 244 + 4,855 42,134 Required reserves "~ 42,610 + 502 + 4,881 42,610 Excess reserves 4/ 219 - 258 26 - 476 NOTE: A net of $200 million of surplus reserves were eligible to be carried forward from the week ended November 7, into the week ending November 14. On November 14, 1979, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $77,055 million, a decrease of $2,982 million for the week. 1/ Net of $2,501 million, daily average, matched sale-purchase transactions out standing during the latest statement week, of which $2,100 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. Government securities. 2/ Net of $4,681 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which $1,877 million was with foreign official and international accounts. Includes $152 million securities loaned--fully secured by U.S. Government securities. 3/ Includes reserves of Member Banks, Edge Act Corporations and U.S. Agencies and Branches of Foreign Banks. 4/ Adjusted to include $141 million waivers of penalties for reserve deficiencies m accordance with Board policy effective November 19, 1975. * Estimated (Philadelphia District). ** Estimated (Treasuryfs 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 November 14, Nov. 8 Nov. 15, A S S E TS 1979 ** 1979 1978 Gold certificate account 11,164 -- - 478 Special Drawing Rights certif. acct. * 1,800 -- + 500 Coin 435 6 + 139 Loans 1,425 + 484 + 167 Acceptances-- Bought outright Held under repurchase agreements Federal Agency obligations--Bought outright 8,221 + 289 Held under repurchase agreements 1/ U.S. Government securities: - Bought outright—Bills 42 720 +1 ,294 + 889 56 242 -- 4-2 ,316 Notes 14 ,,118855 — ++11 ,828 Bonds Total bought outright 2/ 113 114477 +1 ,294 ++55 ,033 Held under repurchase agreements 1/ Total U.S. Government securities 1±X0 42 +1 ,294 +5 ,033 Total loans and securities 122 ,793 +1 ,778 +5 ,489 Cash items in process of collection (2,777) 15 ,702 +3 ,334 -2 ,717 Bank premises 402 -- + 6 Other assets V 5 ,836 +1 ,574 +3 ,956 TOTAL ASSETS (2,777) 158, ,132 ±L,6 80 ±L,8 95 tl A B I t l i nS Federal Reserve notes 109,879 + 879 +9,808 Deposits: Reserve accounts: 29,875 +2,117 +1,548 Member Banks 356 + 17 + 144 Edge Act Corporations 520 + 520 + 520 U.S. Agencies & Branches of Foreign Banks 30,751 +2,654 +2,212 Total 2,981 - 359 -4,576 U.S. Treasury—general account 379 + 25 + 66 Foreign 252 - 35 -1,861 Other 34 ,363 +2,285 -4,159 Total deposits 8 901 +2,798 + 401 Deferred availability cash items (2,777) 2, ^21 + 512 + 643 Other liabilities and accrued dividends ft/ 155,464 +6,474 +6,693 TOTAL LIABILITIES (2,777) C A P I T AL A C C O U N TS Capital paid in 1,135 + 65 Surplus 1,078 + 49 Other capital accounts 455 + 207 + 88 * Figures in. parentheses are the_ eliminations made in the consolidating process. ** Estimated (Philadelphia District). 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 $4,681 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $152 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 2.9, 1978, the monthly revaluation at market exchange rates of foreign exchange commitments. MATURITY DISTRIBUTION: OF LOANS AND SECURITIES, NOVEMBER 14. 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 1,335 ,3,631 -1,637 35 +35 16 days to 90 days 90 21,362 + 517 396 -35 91 days to 1 year 36,388 +2,414 1,323 -- 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 1,435 113,147 +1,294 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 NOVEMBER 14, 1979 New Fhila^ Cleve- Rich St. Minne- Kansas San Total Boston York delphla land 1 mond Atlanta Chicago Louis anolis Citv Dallas Francisco. (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 435 30 22 20 47 47 44 33 35 16 48 29 64 Loans 1,425 56 32 44 22 82 134 309 36 66 133 51 460 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 42,720 2,066 10,530 2,043 3,432 3,499 1,770 6,779 1,819 950 1,886 2,327 5,620 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/ 113,147 5,472 27,889 5,410 9,090 9,267 4,688 17,956 4,815 2,515 4,995 6,165 14,885 Held under repurchase agreements 1/ — — — — — — — -- — — -- — — Total U.S. Government securities 113,147 5,472 27,889 5,410 9,090 9,267 4,688 17,956 4,815 2,515 4,995 6,165 14,885 Total loans and securities 122,793 5,925 29,947 5,847 9,772 10,022 5,163 19,570 5,201 2,764 5,491 6,664 16,427 Cash items in process of collection 18,479 689 2,989 503 1,354 3,100 1,978 1,826 1,071 909 1,976 1,433 651 Bank premises 402 104 13 54 23 80 28 16 13 28 20 12 11 Other assets 3/ 5,836 210 1,353 365 607 358 341 978 192 151 235 315 731 Interdistrict settlement account -0- -1,005 +5,449 - 924 - 707 - 570 - 832 + 81 - 502 - 512 - 119 + 116 - 475 TOTAL 160,909 7,038 43,126 6,880 11,891 14,491 7,311 24,395 6,563 3,619 8,199 9,106 18,290 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 $4,681 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $152 million securities loaned—fully secured by U.S. Government securities. 3/ Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. * Estimated (Philadelphia District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON November 14, 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 E S. Federal Reserve notes 109,879 5,574 29,204 5,361 9,021 9,950 3,345 18,075 4,583 1,874 4,831 5,698 12,363 Deposits: Reserve Accounts 1/ 30,751 762 10,573 665 1,594 1,294 1,866 4,142 896 845 1,470 2,106 4,538 U.S. Treasury—general account 2,981 119 363 261 252 29'9 271 343 137 163 213 165 395 Foreign 379 8 181 11 23 14 20 40 8 9 11 16 38 Other 252 223 1 16 1 3 1 1 2 2 2 Total deposits 34,363 889 11,340 937 1,870 1,623 2,158 4,528 1,042 1,018 1,696 2,289 4,973 Deferred availability cash items 11,678 397 1,448 372 617 2,617 1,516 898 609 599 1,469- 861 275 Other liabilities and accrued dividends 2/ 2,321 94 455 101 162 153 105 497 245 47 87 100 275 TOTAL LIABILITIES 158,241 6,954 42,447 6,771 11,670 14,343 7,124 23,998 6,479 3,538 8,083 8,948 17,886 CAPITAL ACCOUNTS Capital paid in 1,135 33 289 45 94 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 455 18 110 20 35 33 20 66 17 11 21 28 76 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 160,909 7,038 43,126 6,880 11,891 14,491 7,311 24,395 6,563 3,619 8,199 9,106 18,290 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 124,343 6,467 32,574 6,175 9,593 10,587 5,261 19,483 5,248 2,572 5,707 6,418 14,258 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 1,146 54 31 39 22 64 97 161 28 49 108 42 450 UU..SS..GGoovv''tt aannddvvAAgg eennccyy sseeccuurriittiieess 110,233 5,328 29,189 5,121 8,776 9,069 4,575 17,431 4,667 2,260 5,051 5,839 12,927 TToottaall ccoollllaatteerraall 124,343 6,467 32,574 6,175 9,593 10,587 5,261 19,483 5,248 2,572 5,707 6,418 14,258 1/ Includes reserves of Member Banks, Edge Act Corporations and U.S. Agencies and branches of foreign banks. 2/ Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. * Estimated (Philadelphia District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis