H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and ''-f^ffl' Condition Statement of F.R. Banks H.4.1 For immediate release December 6, 1979 Averages of dail y figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, December 5, Nov. 28,| Dece mber 6, December 5, and related Items 1979 * • 979 1 1978 1979 * Reserve Bank credit: (In millions of do il.a rs) U.S. Government securities-- Bought outright--System account 116,554 + 1 ,322 + 5,954 115,236 Held under repurchase agreements 584 + 584 - 258 Federal Agency obligations-- "" Bought outright 8,221 -- + 322 8,221 Held under repurchase agreements 511 + 511 + 246 Acceptances— "" Bought outright. -- Held under repurchase agreements 195 + 195 - 63 Loans-- Total member bank borrowing 1,819 - 202 + 1,121 2,244 Includes seasonal borrowing of: 100 - 36 - 50 80 Other borrowing Float 5,076 -2 ,472 _ 1,392 6,562 Other F.R. assets 4,947 222233 22,,553344 5 520 Total Reserve Bank credit 137,906 __ 228866 ++ 88,,446633 137, 5 783 Gold Stock 11,112 - 30 - 530 11,112 Special Drawing Rights certif. acct. 1,800 -- + 500 1,800 Treasury currency outstanding 12,867 + 30 + 1,062 12,868 163,686 - 285 + 9,497 163,563 T C r u e r a r s e u n r c y y c i a n s h c i h r o c l u d l i a n t g i s o n ** 122,222 - 30 + 10,161 122,756 445 + 42 + 173 450 Treasury deposits with F.R. Banks 2,595 - 503 - 2,704 2,467 Foreign deposits with F.R. Banks 396 + 55 + 88 1 329 Other deposits with F.R. Banks 363 + 17 - 255 288 Other F.R. liabilities and capital 5,202 + 12 + 899 4,918 131,223 - 407 + 8,362 131,208 Reserves: With Federal Reserve Banks 3/ 32,462 + 121 + 1,134 32,354 Currency and coin 11,038 + 496 + 982 11,038 Total reserves held 4/ 43,640 + 618 + 2,175 43,532 Required reserves 43,379 + 492 + 2,241 43,379 Excess reserves 4/ 261 + 126 - 66 ' 153 NOTE: A net of $48 million of surplus reserves were eligible to be carried forward from the week ended November 28, into the week ending December 5. On December 5, 1979, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $76,002 million, an increase of $1,529 million for the week. Net of $1,872 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $1,788 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. y Net of $3,073 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which $2,483 million was with foreign official and international accounts. Ir-.-iudes $177 million securities loaned—fully secured by U.S. Government securities. Includes reserves of Member Banks, Edge Act Corporations and U.S. Agencies and Branches of Foreign Banks. 4/ Adjusted to include $140 million waivers of penalities for reserve deficiencies in accordance with Board policy effective November 19, 1975. Estimated (Cleveland and Atlanta 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 Dec. 5, Nov. 28, Dec. 6, A S S E TS 1979** 1979 1978 Gold certificate account 11,112 — - 528 Special Drawing Rights certif. acct. * 1,800 -- + 500 Coin 408 20 + 136 Loans 2,244 -2,471 + 1,658 Acceptances-- Bought outright Held under repurchase agreements Federal Agency obligations--Bought outright 8,221 322 Held under repurchase agreements \J. U.S. Government securities: Bought outright—Bills 44,809 -1,003 +7,768 Notes 55,928 + 1,073 Bonds 14,499 + 2,014 Total bought outright U 115,236 -1,003 +10,875 Held under repurchase agreements 1/ Total U.S. Government securities 115,236 -1,003 +10,875 Total loans and securities 125,701 -3,474 +12,855 Cash items in process of collection (2,294) 13,924 +1,787 - 1,433 402 — + 4 Bank premises Other assets \j 5,118 + _313 + 3,052 TOTAL ASSETS (2,294) 158,465 +14,586 Federal Reserve notes 110,747 + 105 + 9,285 Deposits: Reserve accounts: Member Banks 32,024 -1,254 + 3,376 Edge Act Corporations 300 - 69 + 49 U.S. Agencies 6c Branches of Foreign Banks 30 73 + 30 Total 32,354 -1,396 + 3,455 U.S. Treasury—general account 2,467 - 474 + 298 Foreign 329 + 9 38 288 24 14 Other Total deposits 35,438 -1,885 + 3,701 7,362 + 592 + 478 Deferred availability cash items (2,294) Other liabilities and accrued dividends 4/ 2,435 + 386 + 919 TOTAL LIABILITIES (2,294) 155,982 802 +14,383 C AM T AL A C C O U N T S. Capitel psid in 1,143 + 1 + 68 Surplus 1,078 — + 49 Other capital accounts 262 - 593 -:- 86 * Figures in parentheses are the • eliminations made the. consolidating process. ** Estimated (Cleveland and Atlanta Districts:). |/ Doec net include U.S. Government and Federal Agency sesceucruirtiiteis resold under matched sale-purchase transactions to foreign ofiicc ii aal 1 aanndd in iter na t ion a I accounts, of which $-0- million was outstanding at the end of the latest stst'eiucnt week. 2- Net of $2,073 million matched sale- purchase Liansaf IO'.IF cu' iM andin£. £t the e:ic of the latest statement weel; Includes $177 • jl I i.er securities loaned-- £ u11y secured by U.S. Gove rnme nts ecur i "ties , Include r. assets denominated in foreign currencies, Beginnir£ December 29, 197C such assets are revalued monthly at market exchange rates. Includes exchange-translation accounts reflecting, beginning December 29', 1978, the monthly revaluation at market exchange rates of foreigr exchange commitments. MATURITY DISTRIBUTION: Or LOANS AND SECURITIES, DECEMBER 5, 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 2,196 4,389 - 674 56 "oT 16 days to 90 days 48 23,490 + 413 528 +108 91 days to 1 year 34,655 - 937 1,324 - 30 Over 1 year to 5 years 27,311 + 195 4,168 - 9 Over 5 years to 10 years 12,694 1,403 Over 10 years 12,697 — 742 Total 2,244 115,236 -1,003 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 DECEMBER 5, 1979 New Phila- Cleve- Rich- St. Minne- Kansas San __TotaL.. Boston York delnhia land mond Atlanta* Chicago Louis apol is 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. acct. 1,800 93 459 91 149 161 64 300 79 32 75 86 211 Coin 408 28 22 18 43 45 40 29 34 15 47 28 59 Loans 2,244 277 520 191 36 161 72 590 36 42 106 97 116 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 44,809 2,167 11,044 2,143 3,600 3,669 1,857 7,111 1,906 997 1,978 2,442 5,895 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 6Q1 2,301 617 322 640 790 1,907 Total bought outright 2/ 115,236 5,573 28,404 5,510 9,258 9,438 4,775 18,287 4,903 2 ,562 5,087 6,279 15,160 Held under repurchase agreements 1/ __ _- — -- — — — — --- — — -- — Total U.S. Government securities 115,236" 5,573 "28,404 5,510 9,258 9,438 4,775 18,287 4,903 _, 562 5,087 6,279 15,160 Total loans and securities 125,701 6,247 30,950 6,094 9,954 10,272 5,188 20,182 5,289 2 ,787 5,556 6,824 16,358 Cash items in process of collection 16,218 506 2,3H 386 1,260 2,430 1,552 2,153 831 1 ,005 1,696 993 1,095 Bank premises 402 103 13 54 23 80 30 16 13 27 20 12 11 Other assets 3/ 5,118 214 1,135 289 380 332 352 694 161 131 205 268 957 Interdistrict settlement account -0- - 558 +2,907 - 961 + 166 - 194 - 942 - 631 - 502 - 763 • 215 + 553 +1,140 TOTAL 160,759 7,625 40,638 6,895 12,621 14,419 6,809 24,334 6,379 3 ,466 7,857 9,215 20,501 1/ Does not include U.S. Government and Federal Agency securities resold under matched sale-purchase transactions to foreign official anidn ternational accounts, of which $-0- million was outstanding at the end of the latest statement week. 2/ Net of $3 3 073 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $177 million csucr ities loaned—fully secured by U.S. Government securities, 3/ Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. * Estimated (Cleveland 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 DECEMBER 5, 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 110,747 5,612 29,367 5,345 8,983 10,174 3,378 18,205 4,612 1,877 4,896 5,761 12,537 Deposits: Reserve Accounts J./ 32,354 1,373 8,107 995 2,323 1,491 2,057 4,252 980 688 1,403 2,403 6,282 U.S. Treasury—general account 2,467 143 138 103 337 233 204 419 123 128 138 172 329 Foreign ! 329 10 93 13 27 17 24 48 10 10 13 19 45 Other 288 259 1 12 4 3 1 2 2 1 3 Total deposits 35,438 1,526 8,597 1,111 2,688 1,753 2,289 4,722 1,114 828 1,556 2,595 6,659 Deferred availability cash items 9,656 309 1,491 242 550 2,222 859 725 499 641 1,142 618 358 Other liabilities and accrued dividends 2/ 2,435 106 565 99 148 146 104 322 79 45 159 99 563 TOTAL LIABILITIES 158,276 7,553 40,020 6,797 12,369 14,295 6,630 23,974 6,304 3,391 7,753 9,073 20,117 CAPITAL ACCOUNTS Capital paid in 1,143 33 289 45 95 58 86 168 35 36 49 67 t on Surplus 1,078 j 33 280 44 92 57 81 163 33 34 46 63 152 Other capital accounts 262 6 49 9 65 9 12 29 7 5 9 12 50 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 160,759 7,625 40,638 6,895 12,621 14,419 6,809 24,334 6,379 3,466 7,857 9,215 20,501 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 125,450 6,455 32,842 6,145 9,607 11,012 5,243 19,608 5,221 2,546 5,752 6,534 14,485 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 1,438 236 513 136 36 121 48 135 26 34 88 65 U.S. Gov't* and Agency securities 111,100 5,134 29,029 4,994 8,776 9,437 4,606 17,582 4,642 2,'248 5,116 5,932 13,604 Total collateral 125,450 6,455 32,842 6,145 9,607 11,012 5,243 19,608 5,221 2,546 5,752 6,534 14,485 \_l 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 (Cleveland and Atlanta Districts). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis