H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and f«*LRfc*?> Condition Statement of F.R. Banks H.4.1 For immediate release November 29, 1979 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Nov. 28, Nov. 21, Nov. 29, Nov. 28, and related items 1979 1979 1978 1979 Reserve Bank credit: (In millions of dollars) U.S. Government securities-- 1/ y Bought outright—System account 115,232 - 814 + 3,896 116,239 Held under repurchase agreements 506 Federal Agency obligations-- Bought outright 8,221 303 8,221 Held under repurchase agreements 142 Acceptances-- Bought outright Held under repurchase agreements 141 Loans-- Total member bank borrowing 2,021 + 156 + 1,229 4,715 Includes seasonal borrowing of: 136 - 15 - 44 129 Other borrowing Float 7,470 + 244 _ 84 5,367 Other F.R. assets 5,170 + 6 + 2,905 5,207 Total Reserve Bank credit 138,114 - 408 + 7,460 139,749 Gold Stock 11,142 - 22 - 500 11,112 Special Drawing Rights certif. acct. 1,800 -_ + 500 1,800 Treasury currency outstanding 12,837 + 3 + 1,034 12,842 163,893 - 427 4-8,494 165,503 Currency in circulation * 122,212 + 468 +10,299 122,605 Treasury cash holdings * 444 + 47 + 171 450 Treasury deposits with F.R. Banks 3,098 - 117 - 3,370 2,941 Foreign deposits with F.R. Banks 341 - 45 + 43 320 Other deposits with F.R. Banks 346 + 71 - 210 312 Other F.R. liabilities and capital 5,190 + 105 + 715 5,124 131,630 -h 527 + 7,646 131,752 Reserves: With Federal Reserve Banks _3/ 32,263 - 955 + 847 33,750 Currency and coin 10,542 + 497 + 757 10,542 Total reserves held k_l 42,944 - 462 + 1,661 44,431 Required reserves 42,887 - 404 + 1,757 42,887 Excess reserves 4/ 57 - 58 - 96 1,544 NOTE: A net of $56 million of surplus reserves were eligible to be carried forward from the week ended November 21, into the week ending November 28. On November 28, 1979, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $74,473 million, a decrease of $2,564 million for the week. 1/ Net of $2,698 million, daily average, matched salef-purchase transactions outstanding during the latest statement week, of which $2,007 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. 2J Net of $1,948 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which $1,948 million was with foreign official and international accounts. Includes $130 million securities loaned—fully secured by U.S. Government securities. 3J Includes reserves of Member Banks, Edge Act Corporations and U.S. Agencies and Branches of Foreign Banks. 4/ Adjusted to include $139 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) WWeeddnneessddaayy Change since NNoovv.. 2288,, Nov. 21, Nov. 29, A S S ITS 1979 1979 1978 Gold certificate account 11,112 52 - 530 Special Drawing Rights certif. acct. * 1,800 — + 500 Coin 428 + 1 + 154 Loans 4,715 +2,475 +3,445 Acceptances-- Bpught outright Held under repurchase agreements -- _. - 370 Federal Agency obligations—Bought outrighItt 8,221 — + 322 Held under repurchase agreements 1/ --- — - 625 U.S. Government securities: Bought outright—Bills 45,812 +1,425 +1,022 Notes 55,928 -- +1,073 Bonds 1144,,449999 — +2,034 Total bought outright 2/ 111166,,223399 +1,425 +4,129 Held under repurchase agreements 1/ -- — -2,000 Total U.S. Government securities 116,239 +1,425 +2,129 Total loans and securities 129,175 +3,900 +4,901 Cash items in process of collection (2,552) 12,137 -3,030 - 601 402 + 1 + 6 Bank premises 4,805 - 27 +2,796 Other assets £/ (2/552) 159,859 + 793 +7,226 TOTAL ASSETS Federal Reserve notes 110,642 + 369 +9,572 Deposits: Reserve accounts: Member Banks 33,278 +1 ,350 + 876 Edge Act Corporations 369 + 86 + 144 103 + 39 + 103 U.S» Agencies & Branches of Foreign Banks 33,750 +1 ,475 +1,123 Total 2,941 - 461 -4,295 U.S. Treasury—general account Foreign 320 + 26 + 45 312 + 45 + 58 Other 37,323 +1, 085 -3,069 Total deposits Deferred availability cash items (2, 552) 6,770 - 792 + 183 4/ 2,049 - 70 + 265 Other liabilities and accrued dividends TOTAL LIABILITIES (2, 552) 156,784 + 592 +6,951 C A P I T AL A C C O U N TS Capital paid in 1,142 + 2 + 69 Surplus 1,078 _- + 49 Other capital accounts 855 + 199 + 157 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 $1,948 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $130 million securities loaned— fully secured by U.S. Government securities. II 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 28, 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 4,681 5,063 +1,302 125 + 21 16 days to 90 days 34 23,077 - 105 420 + 93 91 days to 1 year 35,592 + 228 1,354 + 31 Over 1 year to 5 years 27,116 -- 4,177 -113 Over 5 years to 10 years 12,694 -- 1,403 - 32 Over 10 years 12,697 -- 742 -- Total 4,715 116,239 +1,425 8,221 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.l(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 28, 1979 New Phila Cleve Rich St. Minne Kansas San Total Boston York delphia land, mond Atlanta Chicago Louis apolis City Dallas Francisco (In millions of dollars) A S S E TS Gold certificate account 11,112 992 2,841 924 646 1,293 525 1,591 474 232 473 451 670 Special Drawing Rights certif. aect. 1,800 93 459 91 149 161 64 300 79 32 75 86 211 Coin 428 28 20 19 64 44 40 30 34 16 47 27 59 Loans 4,715 144 1,456 171 132 246 220 1,522 97 138 126 185 278 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 45,812 2,216 11,292 2,191 3,680 3,751 1,898 7,271 1,949 1,019 2,022 2,496 6,027 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/ 116,239 5,622 28,652 5,558 9,338 9,520 4,816 18,447 4,946 2,584 5,131 6,333 15,292 Held under repurchase agreements 1/ Total U.S. Government securities 116,239 5,622 28,652 5,558 9,338 9,520 4,816 18,447 4,946 2,584 5,131 6,333 15,292 Total loans and securities 129,175 6,163 32,134 6,122 10,130 10,439 5,377 21,274 5,393 2,905 5,620 6,966 16,652 Cash items in process of collection 14,689 496 1,705 369 948 2,303 1,659 1,794 833 1,208 1,339 928 1,107 Bank premises 402 103 13 54 23 80 30 16 13 27 20 12 11 Other assets 3/ 4,805 179 1,122 251 359 295 320 682 170 133 206 373 715 Interdistrict settlement account -0- - 589 + 434 - 921 + 60 + 103 - 486 - 185 - 580 - 997 + 107 + 691 +2,363 TOTAL 162,411 7,465 38,728 6,909 12,379 14,718 7,529 25,502 6,416 3,556 7,887 9,534 21,788 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 $1,948 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $130 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 28, 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) U A B I L I T I ES Federal Reserve notes 110,642 5,636 29,262 5,324 9,011 10,132 3,474 18,157 4,587 1,874 4,855 5,758 12,572 Deposits: Reserve Accounts \_l 33,750 1,191 6,462 990 2,140 1,766 2,201 5,406 949 750 1,644 2,550 7,701 U.S. Treasury—general account 2,941 167 216 139 303 284 358 365 174 171 152 220 392 Foreign 320 8 121 11 23 14 20 41 8 9 11 16 38 Other 312 1 282 1 10 1 4 1 2 2 1 7 Total deposits 37,323 1,367 7,081 1,140 2,467 2,074 2,580 5,816 1,132 932 1,809 2,787 8,138 Deferred availability cash items 9,322 268 1,149 208 494 2,178 1,156 734 493 610 1,002 707 323 Other liabilities and accrued dividends 2/ 2,049 91 457 108 154 154 116 332 103 51 87 102 294 TOTAL LIABILITIES 159,336 7,362 37,949 6,780 12,126 14,538 7,326 25,039 6,315 3,467 7,753 9,354 21,327 CAPITAL ACCOUNTS Capital paid in 1,142 33 289 45 95 58 86 168 35 36 49 67 181 Surplus 1,078 33 280 44 92 57 81 163 33 34 46 63 152 Other capital accounts 855 37 210 40 66 65 36 132 33 19 39 50 128 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 162,411 7,465 38,728 6,909 12,379 14,718 7,529 25,502 6,416 3,556 7,887 9,534 21,788 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 124,819 6,459 32,625 6,156 9,568 10,891 5,324 19,465 5,238 2,549 5,696 6,489 14,359 Collateral for F.R. notes: Gold certificate account 11,112 992 2,841 924 646 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 1,373 30 133 88 131 163 151 285 71 99 107 68 47 U.S. Govt, and Agency securities 110,534 5,344 29,192 5,053 8,642 9,274 4,584 17,289 4,614 2,186 5,041 5,884 13,431 Total collateral 124,819 6,459 32,625 6,156 9,568 10,891 5,324 19,465 5,238 2,549 5,696 6,489 14,359 JL/ 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. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis