H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release December 20, 1979 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Dec. 19, Dec. 12, Dec. 20, Dec. 19, and related items 1979 1979 1978 1979 Reserve Bank credit: (In millions of dollars) U.S. Government securities—~ y 2/ Bought outright—System account 115,186 Held under repurchase agreements 117,326 +350 * + 7,528 Federal Agency obligations-- 212 + 212 + 108 Bought outright 5,216 3 + 320 8,216 Held under repurchase agreements 137 137 + 91 Acceptances-- Bought outright Held under repurchase agreements 31 31 25 Loans— Total member bank borrowing 1,684 + 393 + 1,116 1,561 Includes seasonal borrowing of: 83 + 3 48 82 Other borrowing Float 6,177 - 452 - 1,145 6,690 Other F.R. assets 5,318 - - 90 + 1,414 5,554 Total Reserve Bank credit 139,100 + 577 + 9,456 137,207 Gold Stock 11,112 -- - 499 11,112 Special Drawing Rights certif. acct. 1,800 -- + 500 1,800 Treasury currency outstanding 12,911 + 15 + 1,089 12,937 164,923 + 592 +10,546 163,056 Currency in circulation * 123,682 + 652 +10,353 124,451 Treasury cash holdings * 430 + 3 + 169 430 Treasury deposits with F.R. Banks 2,640 - 453 - 1,108 3,061 Foreign deposits with F.R. Banks 326 + 18 + 34 274 Other deposits with F.R. Banks 332 + 35 - 334 303 Other F.R. liabilities and capital 5,149 - 273 + 782 5,235 132,559 - 19 + 9,897 133,754 Reserves: With Federal Reserve Banks 3/ 32,363 + 611 + 648 29,302 Currency and coin 11,341 - 431 + 1,335 11,341 Total reserves held 4/ 43,865 + 197 + 2,063 40,804 Required reserves 43,697 + 615 + 2,132 43,697 Excess reserves 4/ 168 - 418 69 - 2,893 NOTE: A net of $141 million of surplus reserves were eligible to be carried forward from the week ended December 12, into the week ending December 19. On December 19, 1979, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $77,448 million, a decrease of $200 million for the week. 1/ Net of $1,762 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $1,551 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. 2/ Net of $4,044 million matched sale-purchase transactions outstanding-rft the end of the latest statement week, of which $2,564 million was with foreign official and international accounts. Includes $116 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 $161 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 (Tn millions of dollars) Wednesday Change since Dec. 19, Dec. if, Dec. 20, 1979 1979 1978 A S S E TS Gold certificate account 1,112 -- - 499 Special Drawing Rights certif. acct. * 1,800 -- + 500 Coin 420 + 8 + 143 Loans 1,561 - 249 +1,057 Acceptances-- Bought outright Held under repurchase agreements Federal Agency obligations—Bought outright 8,216 + 320 Held under repurchase agreements 1/ U.S. Government securities: - Bought outright—Bills 44,139 -1,125 +4,355 Notes 56,494 +1,639 Bonds 14,553 +2,088 Total bought outright 27 115,186 -1,125 +8,082 Held under repurchase agreements 2/ Total U.S. Government securities 115,186 -1,125 +8,082 Total loans and securities 124,963 -1,374 +9,459 Cash items in process of collection (2,650) 14,495 + 727 -4,019 Bank premises 404 ..- + 7 5,150 + 304 +1,205 Other assets ^/ 158,344 - 335 +6,796 TOTAL ASSETS (2,650) L I A B I L I T I ES Federal Reserve notes 112,364 + 569 +9,583 Deposits: Reserve accounts: Member Banks 28,872 -2,603 -2,457 Edge Act Corporations 403 + 161 + 110 U.S. Agencies & Branches^** Foreign Banks 27 9 + 27 Total 29,302 -2,451 -2,320 U.S. Treasury--general account 3,061 + 451 -1,439 Foreign 274 + 4 1 Other 303 2 + 14 Total deposits 32,940 -1,998 -3,746 Deferred availability cash items (2,650) 7,805 + 805 + 223 Other liabilities and accrued dividends 4/ 2,385 + 84 + 480 TOTAL LIABILITIES (2,650) 155,494 540 +6,540 C A P I T AL A C C O U N TS Capital paid in 1,144 -- + 68 Surplus, 1,078 — + 49 Other capital accounts 628 + 205 + 139 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 $4,044 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $116 million securities loaned-fully secured by U.S. Government securities. 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 19, 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 1,537 33,,882222 + 725 115511 +151 16 days to 90 days 24 2222,,330022 -1,744 445577 -151 91 days to 1 year 3355,,883311 - 106 11,,330077 Over 1 year to 5 years 2277,,770099 44,,223344 Over 5 years to 10 years 1122,,777744 11,,332255 Over 10 years 5555 1122,,774488 774422 Total 1,561 111155,,118866 -1,125 88,,221166 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 19, 1979 New j Phila Cleve- Rich- St. Minne- Kansas San Total Boston York 1 delphia land 1. mond Atlanta Chicago Louis apolis Citv Dallas Francisco (In millions of dollars) ASSETS 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 420 27 22 19 44 45 41 33 34 16 48 28 63 Loans 1,561 22 97 138 9 133 189 454 41 22 81 211 164 Acceptances: Bought outright ~~ "•"* ~~ ~~ *"~ "** "* ~"* *•" "~ •~ "•* "- Held under repurchase agreements 1/ «.» "~ -*" .- -- ~~ "~ "" "- "- ~" -- 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 -" ~~ -" ~~ -" "~ "• •" "" -• ~* •" — U.S. Government securities: Bought outright— Bills 44,139 2,135 10,879 2,111 3,545 3,615 1,829 7,005 1,878 981 1,949 2,405 5,807 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 Bonds 14,553 704 3,587 696 1,169 1,192 603 2,309 619 324 642 793 1,915 Total bought outright 2/ 115,186 5,571 28,391 5,508 9,253 9,^4 4,773 18,279 4,901 2 ,561 5,085 6,276 15,154 HHeelldd uunnddeerr rreeppuurrcchhaassee aaggrreeeemmeennttss 11// -- -- -- -- -- -- -- -- -- -- -- -- -- TToottaall UU»»SS,, GGoovveerrnnmmeenntt sseeccuurriittiieess 115,186 5,571 28,391 5,508 9,253 9,434 4,773 18,279 4,901 2 ,561 5,085 6,276 15,154 Total loans and securities 124,963 5,990 30,513 6,039 9,922 10,240 5,302 20,037 5,291 2 ,766 5,529 6,935 16,399 Cash luems in process of collection 17,145 691 2,792 425 1,134 2,664 2,072 1,609 840 1 ,303 1,632 1,004 979 Bank premises 404 103 14 54 23 80 30 16 13 28 20 12 11 01. Yu- •: assets 3/ 5,150 195 1,241 418 388 332 327 745 166 139 212 293 694 intcu district settlement account -0- - 722 +2,146 -1,084 - 385 + 41 - 597 + 202 - 204 - 924 _± 3_ + 738 + 786 TOTAL 160,994 7,369 40,028 6,886 11,921 14,856 7,764 24,533 6,693 3 ,592 7,992 9,547 19,813 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 $4,044 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $116 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 19, 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 112,364 5,698 29,557 5,460 8,960 10,356 3,633 18,384 4,740 1,896 4,967 5,906 12,807 Depositsr Reserve Accounts 1/ 29,302 888 6,909 674 1,851 1,476 2,152 4,122 1,024 806 1,413 2,347 5,640 U.S. Treasury—general account 3,061 205 606 183 154 269 314 323 175 136 161 298 237 Foreign 274 10 37 13 27 17 24 48 10 10 14 19 45 Other 303 1 282 1 5 1 3 1 1 3 2 3 Total deposits 32,940 1,104 7,834 870 2,033 1,767 2,491 4,496 1,210 953 1,591 2,666 5,925 Deferred availability cash items 10,455 357 1,307 335 526 2,392 1,335 881 548 612 1,133 699 330 Other liabilities and accrued dividends 2/ 2,385 119 608 102 167 183 111 346 101 47 178 111 312 TOTAL LIABILITIES 158,144 7,278 39,306 6,767 11,686 14,698 7,570 24,107 6,599 3,508 7,869 9,382 19,374 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 628] 25 152 30 48 43 27 95 26 14 28 35 105 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 160,994 7,369 40,028 6,886 11,921 14,856 7,764 24,533 6,693 3,592 7,992 9,547 19,813 I '» . .- FEDERAL RESERVE AGENTS1 ACCOUNTS F.R. notes outstanding 125,729 6,427 32,707 6,163 9,603 11,081 5,355 19,577 5,307 2,531 5,820 6,591 14,567 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 972 17 59 88 8 110 84 421 26 20 66 73 U.S. Gov't, and Agency Securities 111,845 5,325 29,348 5,060 8,800 9,517 4,682 17,265 4,728 2,247 5,206 5,981 13,686 Total collateral 125,729 6,427 32,707 6,163 9,603 11,081 5,355 19,577 5,307 2,531 5,820 6,591 U,567 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. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis