H.4.1 Factors Affecting Reserve Balances of Depository Institutions

$2g*SU: FEDERAL RESERVE Factors Affecting Bank Reserves and ••f«r«W:- Condition Statement of F.R. Banks H.4.1 For immediate release November 23, 1979 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Nov. 21, NOV. l4, 1 Nov. 22, Nov. 21, and related items 1979 * 1979 J 1978 1979 * Reserve Bank credit: (In millions of dollars) U.S. Government securities-- 1/ 2/ Bought outright—System account 116,046 +1,426 + 6,357 114,814 Held under repurchase agreements -- -- - 867 -- Federal Agency obligations-- Bought outright 8,221 -- + 289 8,221 Held under repurchase agreements T~ -- - 411 -- Acceptances— Bought outright Held under repurchase agreements — — - 455 • "*"" Loans— Total member bank borrowing 1,865 + 7 + 1,261 2,240 Includes seasonal borrowing of: 151 + 18 - 31 135 Other borrowing Float 7,365 +1,640 _ 904 7,555 Other F.R. assets 5,154 + 123 + 2,964 5,162 Total Reserve Bank credit 138,651 +3,197 + 8,234 137,992 Gold Stock 11,164 -- - 478 11,164 Special Drawing Rights certif. acct. 1,800 -- + 500 1,800 Treasury currency outstanding 12,834 + 18 + 1,047 12,834 164,449 +3,215 + 9,303 163,790 Currency in circulation ** 121,744 + 514 +10,502 122,300 Treasury cash holdings ** 400 + 3 + 121 400 Treasury deposits with F.R. Banks 3,215 + 364 -3,228 3,402 Foreign deposits with F.R. Banks 386 + 36 + 100 294 Other deposits with F.R. Banks 275 + 22 - 254 267 Other F.R. liabilities and capital 5,079 + 413 + 795 4,953 131,100 +1,353 + 8,039 131,616 Reserves: With Federal Reserve Banks 3/ 33,349 +1,861 + 1,264 32,174 Currency and coin 10,045 -1,197 + 901 10,045 Total reserves held 4/ 43,537 + 666 + 2,225 42,362 Required reserves ~" 43,288 + 678 + 2,126 43,288 Excess reserves 4/ 249 12 + 99 926 NOTE: A net of $160 million of surplus reserves were eligible to be carried forward from the week ended November 14, into the week ending November 21. On November 21, 1979, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $77,037 million, a decrease of $18 million for the week. 1/ Net of $1,782 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $1,659 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. 1/ Net of $3,014 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which $2,154 million was with foreign official and international accounts. Includes $187 million securities loaned—fully secured by U.S. Government securities. 2/ Includes reserves of Member Banks, Edge Act Corporations and U.S. Agencies and branches of Foreign Banks. 4/ Adjusted to Include $143 million waivers of penalities for reserve deficiencies in accordance with Board policy effective November 19, 1975. Estimated (Richmond and Atlanta Districts). ** Estimated (Treasury1s 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 sinc e -j, Nov. 21, Nov. 14, Nov. 22, A S S E TS 1979 ** 1979 ]L 978 Gold certificate account 11,164 _„ - 478 Special Drawing Rights certif. acct. * 1,800 ... + 500 Coin 427 8 + 138 Loans 2,240 + 815 + 1,307 Acceptances-- Bought outright Held under repurchase agreements -- __ - 383 Federal Agency obligations—Bought outright 8,221 -- + 289 Held under repurchase agreements 1/ — -- - 160 U.S. Government securities: ... Bought outright--Bills 44,387 +1,667 + 829 Notes 55,928 - 314 4 1,073 Bonds 14,499 + 314 +_2 ,034 Total bought outright U 114,814 +1,667 + 3,936 Held under repurchase agreements 1/ -- — 332255 Total U.S. Government securities 114,814 +1,667 ++""33 ,,661111 Total loans and securities 125,275 +2,482 + 4,664 Cash items in process of collection (2,745) 14,515 -1,268 - 1,989 Bank premises 401 1 + 4 Other assets \l 4,761 - 994 + 2,960 TOTAL ASSETS (2,745) 158,343 + 211 +_5 ,799 LIABILITIES Federal Reserve notes 110,293 + 414 + 9,709 Deposits: Reserve accounts: Member Banks 31,872 +1,997 - 1,448 Edge Act Corporations 238 - 118 - 156 U.S. Agencies & Branches of Foreign Bankkss . -64 - 456 + 64 Total 32,174 +1,423 - 1,540 U.S. Treasury—general account 3,402 + 421 - 2,751 Foreign 294 85 + 9 Other (200) 267 + 15 + 96 Total deposits (200) 36,137 +1,774 - 4,186 Deferred availability cash items (2,545) 6,960 -1,941 398 Other liabilities and accrued dividends 4/ 2,079 - 242 + 432 TOTAL LIABILITIES (2,745) 155,469 + 5,557 C A P I T AL 4 £ G 0 U N TS Capital paid in 1,140 + 5 + 67 Surplus 1,078 -- + 49 Other capital accounts 656 + 201 + 126 * 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 $3,014 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $187 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 (Richmond and Atlanta Districts). MATURITY DISTRIBUTION: OF LOANS AND SECURITIES. NOVEMBER 21, 1979 (Acceptances and securities held under repurchase agreements are classified as U.S. Government Federal Agency LLooaannss AAcccceepptt securities obligations aanncceess Holdings Weekly Holdings Weekly changes changes Within 15 days 2,166 -_ 3,761 + 130 104 +69 16 days to 90 days 74 — 23,182 +1,820 327 -69 91 days to 1 year -- _- 35,364 -1,024 1,323 Over 1 year to 5 years -- _ -- 27,116 + 27 4,290 — J Over 5 years to 10 years -- -. 12,694 + 400 1,435 Over 10 years — -- 12,697 + 314 742 — • ] Total 2,240 114,814 +1,667 8,221 -i 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 21 ,19 79 New Phila- Cleve- Rich-^ St. Minne- Kansas San Total Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas Franc iscoi (In millions of dollars) A S S E TS Gold certificate account 11,164 992 2,893 924 646 1,293 525 1,591 474 232 473 451 670 Special Drawing Rights certif. acct. 1,800 93 459 91 149 161 64 300 79 32 75 86 211 Coin 427 30 21 20 45 48 42 31 35 16 48 29 62 Loans 2,240 72 351 36 69 172 144 822 112 60 156 106 140 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 \J -- -- -- -- ~~ -~ -- -- -- -- ~~ ~~ ~~ U.S. Government securities: Bought outright— Bills 44,387 2,147 10,940 2,123 3,566 3,635 1,839 7,044 1,888 987 1,959 2,419 5,840 Certificates -- -- -- -- -- -- -- -- -- — -- -- — Notes 55,928 2,705 13,786 2,674 4,493 4,581 2,317 8,875 2,380 1 ,243 2,469 3,047 7,358 Bonds 14,499 701 3,574 693 1,165 1,188 601 2,301 617 322 640 790 1,907 Total bought outright 2/ 114,814 5,553 28,300 5,490 9,224 9,404 4,757 18,220 4,885 2 ,552 5,068 6,256 15,105 HHeelldd uunnddeerr »»rreeppuurrcchhaassee aaggrreeeemmeennttss \\JJ -- -- -- -- -- -- -- -- -- _ -- -- -- — TToottaall UU..SS.. GGoovveerrnnmmeenntt sseeccuurriittiieess 114,814" 5,553 28,300 5,490 9,224 9,404 4,757 18,220 4,885 .552 5,068 6,256 15,105 Total loans and securities 125,275 6,022 30,677 5,919 9,953 10,249 5,242 20,347 5,347 2 ,795 5,587 6,810 16,327 Cash items in process of collection 17,260 785 2,462 659 1,155 2,655 594 2,394 983 1 ,256 1,745 1,654 918 Bank premises 401 103 13 54 23 80 28 16 13 28 20 12 11 Other assets 3/ 4,761 166 1,110 324 396 289 298 679 170 131 205 341 652 Interdistrict settlement account -0- __ I 913 +2,313 - 870 - 662 ++ 2222 ++ 558800 --11,,442211 -- 665500 778899 -- 113322 2233 +2,545 TOTAL 161,088 7,278 39,948 7,121 11,705 1144,,779977 77,,337733 2233,,993377 66,,445511 33 ,,770011 88,,002211 99,,336600 21,396 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 $3,014 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $187 million securities loaned—fully secured by U.S. Government securities. 3/ Includes assets denominated inforeign currencies, revalued monthly at market exchange rates. * Estimated (Richmond and Atlanta Districts). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON November 21, 1979 H.4.1(c) Phila * * St. Minne Kansas San 1 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 110,293 5,605 29,129 5,344 8,949 10,100 3,520 18,131 4,573 1,860 4,844 5,772 12,466 Deposits: Reserve Accounts 1/ 32,174 969 7,614 1,137 1,590 1,647 2,066 3,949 939 884 1,616 2,240 7,523 U.S. Treasury—general account 3,402 197 551 160 208 380 291 377 185 194 265 299 295 Foreign 294 8 95 11 23 14 20 41 8 9 11 16 38 Other 467 233 1 11 201 4 7 1 2 1 6 Total deposits 36,337 1,174 8,493 1,308 1,822 2,052 2,578 4,371 1,139 1,088 1,894 2,556 7,862 Deferred availability cash items 9,505 310 1,135 252 544 2,326 989 665 537 623 1,072 761 291 Other liabilities and accrued dividends 2J 2,079 96 461 98 153 155 91 340 109 45 86 102 343 TOTAL LIABILITIES 158,214 7,185 39,218 7,002 11,468 14,633 7,178 23,507 6,358 3,616 7,896 9,191 20,962 CAPITAL ACCOUNTS Capital paid in 1,140 33 289 45 94 58 86 168 34 36 49 67 181 Surplus 1,078 33 280 44 92 57 81 163 33 34 46 63 152 Other capital accounts 656 27 161 30 51 49 28 99 26 15 30 39 101 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 161,088 7,278 39,948 7,121 11,705 14,797 7,373 23,937 6,451 3,701 8,021 9,360 21,396 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 124,521 6,462 32,488 6,145 9,564 10,871 5,358 19,412 5,242 2,553 5,701 6,466 14,259 Collateral for F.R. notes: Gold certificate account 11,164 992 2,893 924 646 1,293 525 1,591 474 232 473 451 670 Special Drawing Rights certif. acct. 1,800 93 459 91 149 161 64 . 300 79 32 75 86 211 Eligible paper 1,222 59 258 36 69 138 102 173 89 43 134 88 33 U.S. Gov't, and Agency securities 110,335 5,318 28,878 5,094 8,700 9,279 4,667 17,348 4,600 2,246 5,019 5,841 13,345 Total collateral 124,521 6,462 32,488 6,145 9,564 10,871 5,358 19,412 5,242 2,553 5,701 6,466 14,259 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 (Richmond and Atlanta Districts). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis