H.4.1 Factors Affecting Reserve Balances of Depository Institutions

&££?&•. FEDERAL RESERVE Factors Affecting Bank Reserves and •rf^c«^: Condition Statement of F.R. Banks H.4.1 For immediate release December 13, 1979 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Dec. 12, Dec. 5, I Dec. 13, Dec. 12, and related items 1979 1979 1978 1979 Reserve Bank credit: (In millions of dollars) U.S. Government securities-- 1/ 2/ Bought outright—System account 116,976 + 422 + 9,404 116,311 Held under repurchase agreements - 584 - 25 Federal Agency obligations-- Bought outright 8,219 - 2 321 8,216 Held under repurchase agreements - 511 14 Acceptances— Bought outright Held under repurchase agreements - 195 37 Loans— Total member bank borrowing 1,291, - 528 + 700 1,810 Includes seasonal borrowing of: 80 20 51 68 Other borrowing Float 6,658 +1 ,621 348 6,768 Other F.R. assets 5,408 + 452 + 2,854 5,250 Total Reserve Bank credit 138,552 + 675 +12,855 138,355 Gold Stock 11,112 - 527 11,112 Special Drawing Rights certif. acct. 1,800 + 500 1,800 Treasury currency outstanding 12,896 + 29 + 1,074 12,895 164,360 + 704 +13,902 164,162 Currency in circulation * 123,036 + 780 +10,174 123,858 Treasury cash holdings * 421 + 6 + 150 420 Treasury deposits with F.R. Banks 3,093 + 498 + 973 2,610 Foreign deposits with F.R. Banks 308 - 88 + 42 270 Other deposits with F.R. Banks 297 - 66 - 434 305 Other F.R. liabilities and capital 5,422 + 227 + 1,353 4,946 132,578 +1 ,359 +12,258 132,409 Reserves: With Federal Reserve Banks 3/ 31,781 - 655 + 1,642 31,753 Currency and coin 11,772 + 734 + 929 1 11,772 Total reserves held V 43,697 + 83 + 2,634 ! 43,669 Required reserves 43,082 - 297 + 2,171 | 43,082 Excess reserves V 615 + 380 + 463 587 NOTE: A net of $94 million of surplus reserves were eligible to be carried forward from the week ended December 5, into the week ending December 12. On December 12, 1979, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $77,648 million, an increase of $1,646 million for the week. 1/ Net of $1,510 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $1,490 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. 2/ Net of $2,619 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which $2,479 million was with foreign official and international accounts. Includes $103 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 $144 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 Dec. 12, Dec. 5, Dec. 13, A S S E TS 1979 1979 1978 Gold certificate account 11,112 -- - 523 Special Drawing Rights certif. acct. * 1,800 -- + 500 Coin 412 + 4 + 135 -Loans 1,810 - 434 +1,338 Acceptances-- Bought outright Held under repurchase agreements Federal Agency obligations--Bought outright 8,216 + 320 Held under repurchase agreements U.S. Government securities: Bought outright--Bills 45,264 + 455 +2,026 Notes 56,494 + 566 +1,639 Bonds 14,553 + 54 +2,088 Total bought outright 2/ 116,311 +1,075 +5,753 Held under repurchase agreements 1/ Total U.S. Government securities 116,311 +1,075 +5,753 Total loans and securities 126,337 + 636 +7,411 Cash items in process of collection (2,386) 13,768 - 440 - 435 Bank premises 404 + 2 + 6 Other assets \J 4,846 - 338 +2,743 TOTAL ASSETS (2,386) 158,679 - 136 +9,837 L I A B I L I T I ES Federal Reserve notes 111,795 +1,023 +9,593 Deposits: Reserve accounts: Member Banks 31,475 - 549 -1,641 Edge Act Corporations 242 - 58 38 U.S. Agencies & Branches of Foreign Banks 36 + 6 + 36 Total 31,753 - 601 -1,643 U.S. Treasury--general account 2,610 + 143 + 741 Foreign 270 - 59 + 66 Other 305 + 17 + 3 Total deposits 34,938 - 500 - 833 Deferred availability cash items (2,386) 7,000 - 737 + 416 Other liabilities and accrued dividends 4/ 2,301 z_ 134 + 447 TOTAL LIABILITIES (2,386) 156,034 - 348 +9,623 C A P IT AL ACCOUNTS Capital paid in 1,144 + 1 + 68 Surplus 1,078 -- + 49 Other capital accounts 423 + 211 + 97 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 $2,619 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $103 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. DECEMBER 12, 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 change: Within 15 days 1,780 3,097 -1,292 -0- -56 16 days to 90 days 30 24,046 + 556 608 +80 91 days to 1 year 35,937 +1,282 1,307 -17 Over 1 year to 5 years 27,709 + 398 4,234 +66 Over 5 years to 10 years 12,774 + 80 1,325 -78 Over 10 years 12,748 + 51 742 _J1I. Total T^TC 116,311 +1,075 8,216 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 12, 1979 New Phila Cleve Rich St. Minne Kansas San Total Bo8ton York delphia land mond Atlanta Chicago Louis apolis Citv 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 ! 412 27 20 19 43 46 40 32 34 15 48 29 59 Loans 1,810 190 23 236 113 160 55 606 27 27 71 98 204 Acceptances: Bought outright Held under repurchase agreements Federal Agency obligations— Bought outright 8,216 397 2,025 393 660 673 340 1,304 349 183 363 448 1,081 Held under repurchase agreements 1/ U.S. Government securities: Bought outright— Bills 45,264 2,190 11,157 2,164 3,636 3,707 1,875 7,184 1,926 1,006 1,998 2,466 5,955 Certificates Notes 56,494 2,732 13,925 2,701 4,539 4,627 2,341 8,965 2,404 1,256 2,494 3,078 7,432 14,553 704 3,587 696 1,169 1,192 603 2,309 619 324 642 793 1,915 TToottaall bboouugghhtt oouuttrriigghhtt ££// 116,311 5,626 28,669 5,561 9,344 9,526 4,819 18,458 4,949 2,586 5,134 6,337 15,302 HHeelldd uunnddeerr rreeppuurrcchhaassee aaggrreeeemmeennttss 11// TToottaall UU SS.. GGoovveerrnnmmeenntt sseeccuurriittiieess 116,311 5,626 28,669 5,561 9,344 9,526 4,819 18,458 4,949 2,586 5,134 6,337 15,302 Total loans and securities 126,337 6,213 30,717 6,190 10,117 10,359 5,214 20,368 5,325 2,796 5,568 6,883 16,587 Cash items in process of collection 16,154 490 2,425 454 1,107 2,435 2,093 1,639 645 1,178 1,436 1,242 1,010 Bank premises 404 103 14 54 23 80 30 16 13 28 20 12 11 Other assets 2/ 4,846 180 1,169 248 367 334 339 714 166 141 213 280 695 Interdistrict settlement account -0- - 852 +3,077 -1,023 - 303 - 26 - 929 -1,258 - 434 - 971 + 62 + 250 +2,407 TOTAL 161,065 7,246 40,722 6,957 12,149 14,682 7,376 23,402 6,302 3,451 7,895 9,233 21,650 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 $2,619 million matched sale-purphase transactions outstanding at the end of the latest statement week. Includes $103 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 DECEMBER 12, 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 111,795 5,666 29,505 5,439 9,022 10,248 3,478 18,391 4,738 1,905 4,940 5,789 12,674 Deposits: Reserve Accounts 1/ 31,753 952 8,194 887 1,920 1,715 2,081 3,092 779 743 1,422 2,426 7,542 U.S. Treasury—general account 2,610 149 341 157 285 183 211 362 137 111 165 176 333 Foreign 270 10 34 13 27 17 24 48 10 10 13 19 45 305 1 281 7 17 1 2 2 1 2 Other Total deposits 34,938 1,112 8,850 1,057 2,232 1,922 2,317 3,509 927 866 1,602 2,622 7,922 Deferred availability cash items 9,386 277 1,093 246 507 2,189 1,276 771 468 551 1,147 557 304 Other liabilities and accrued dividends & 2,301 108 604 107 170 182 119 338 84 49 92 111 337 TOTAL LIABILITIES 158,420 7,163 40,052 6,849 11,931 14,541 7,190 23,009 6,217 3,371 7,781 9,079 21,237 CAPITAL ACCOUNTS Capital paid in 1,144 33 290 45 95 58 86 168 35 36 49 67 182 Surplus 1,078 33 280 44 92 57 81 163 33 34 46 63 152 Other capital accounts 423 17 100 19 31 26 19 62 17 10 19 24 79 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 161,065 7,246 40,722 6,957 12,149 14,682 7,376 23,402 6,302 3,451 7,895 9,233 21,650 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 125,841 6,436 32,932 6,188 9,659 10,977 5,189 19,671 5,318 2,549 5,817 6,564 14,541 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 755 55 16 186 113 97 13 123 19 22 58 16 37 U.S. Gov't. and Agency securities 112J74 5,296 29,616 4,987 8,751 9,426 4,587 17,657 4,746 2,263 5,211 6,011 13,623 Total collateral 125,8411 6,436 32,932 6,188 9,659 10,977 5,189 19,671 5,318 2,549 5,817 6,564 14,541 V 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