H.4.1 Factors Affecting Reserve Balances of Depository Institutions

H.4.1 For immediate release December 27, 1979 Averages of dai lly figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Dec. 26, Dec . 19, Dec 27, Dec. 26, and related items 1979 * 1979. . 1978 1979 * Reserve Bank credit: (In millions of dollar* o— [ U.S. Government securities- 1/ [y Bought outright—System account 117,328 + 2 + 9 ,953 \ 112,556 Held under repurchase agreements 1,065 + 853 + 605 ; 201 Federal Agency obligations-- Bought outright 8,216 «.«. + 320 8,216 Held under repurchase agreements 185 + 48 - 131 115 Acceptances- Bought outright Held under repurchase agreements 806 + 775 + 696 415 Loans— Total member bank borrowing 1,224 « 460 189 j 1,982 Includes seasonal borrowing oft 80 - 3 51 ! n Other borrowing — — — \ Float 6,968 + 840 - 2,296 \ 8,174 Other FoR. assets 5,667 + 349 + 1,194 1 6,022 Total Reserve Bank credit 141,458 +2 ,407 4-10,151 | 137,981 Gold Stock 11,112 „~ - 516 1 11,112 Special Drawing Rights certify acct l s 800 ~.~ + 500 1,800 Treasury currency out**trading 12,938 + 27 +1,094 12,947 167,308 +2 .434 +11 $ 229 163,840 ** Currency in circulation , 124,735 +1 ,053 +10,358 125,638 Treasury cash holdings ** 440 4- 10 + 195 440 Treasury deposits with F.R. Banks 3,095 + 455 - 1,857 2,883 Foreign deposits with F.R. Banks 266 - 60 54 ; 216 Other deposits with F.R. Banks 316 - 16 304 372 Other F.R. liabilities and capital 5,462 + 313 + 914 5,796 134,314 4-1 ,755 + 9,253 '135,345 Reserves: With Federal Reserve Banks y 32,995 + 681 + 1,977 28,495 Currency and coin 10,990 -_ 351 + 732 1 10,990 Total reserves held y 44,149 4- 333 +2,792 39,649 Required reserves 43,594 ~ 103 + 2,182 l 43,594 Excess reserves y 555 j- 436 + 610 - 3,945 NOTE J A net of $101 million of surplus reserves were eligible to be carried forward from the week ended December 19, into the week ending December 26. On December 26* 1979, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $77,809 million, an increase of $361 million for the week. 1/ Net of $3,270 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $2,542 million was with foreign official and international accounts* Includes securities loaned—fully secured by U.S« Government securities. 2/ Net of $7,753 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which $2,659 million was with foreign official and international accounts. Includes $165 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 $164 million waivers of penalities for reserve deficiencies in accordance with Board policy effective November 19, 1975. Estimated (Dallas District). Estimated 'Treasury's Figures). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(a> CONSOLIDATED STATE.HENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since Dec. 26, 1 Dec. 19, Dec. 27, A S S E TS 1979** 1 1979 1978 Cold certificate account 11,112 - 559 Special Drawing Rights certif. acct. * 1,800 + 500 Coin 412 8 + 141 Loans 1,982 - 1,128 Acceptances-- Bought outright + 421 Held under repurchase agreements 415 29 Federal Agency obligations—Bought outright 8,216 -f 415 + 320 Held under repurchase agreements 1/ 115 - 1,154 + 115 U.S. Government securities: . Bought outright—Bills 41,809 - 454 Notes 56,494 -2,330 + 1,639 Bonds 14,553 + 2,088 Total bought outright 2/ 112,856 -2,330 + 3,273 Held under repurchase agreements \j 201 + 201 - 1,855 Total U.S. Government securities 113,057 -2,129 + 1,418 Total loans and securities 123,785 -1,178 - 573 Cash items in process of collection 15,098 + 603 - 1,468 (2,423) 406 + 2 + 8 Bank premises 5,616 + 466 + 1,393 Other assets \j 156V229 - 115 558 TOTAL ASSETS (2,423) LI ABI L I T I E S Federal Reserve notes 113,543 +1,179 + 9,651 Deposits: Reserve accounts; Member Banks 28,075 - 797 - 9,924 Edge Act Corporat ion& 412 + 9 + 137 : U.S. Agencies & Branches of Foreign Banks 8 - 19 + 8 Total 28,495 - 807 - 9 ,779 U,S. Treasury--general account 2,883 - 178 - 657 Foreign 216 - 58 ~ 69 Other (347) 372 ± 69 + 34 Total deposits (347) 31,966 - 974 -10, 471 Deferred availability cash items (2,076) 6,924 - 881 - 830 Other liabilities and accrued dividends 4/ 2,729 + 344 + 783 TOTAL LIABILITIES (2,423) 155,162 - 332 867 C A P I T AL A C C O U N TS Capital paid in 1,145 + 1 + 67 Surplus 1,078 ~_ + 49 Other capital accounts 844 + 216 + 193 Figures in"~parentneses are tne"^eliminations made in the consolidating process. Estimated (Dallas District). 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. y Net of $7,753 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $165 million securities loaned— fully secured by U.S. Government securities. y 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 26, 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 1,969 415 2,996 - 826 266 +115 16 days to 90 days 13 20,407 -1,895 457 91 days to 1 year 36,423 + 592 1,307 Over 1 year to 5 years 27,709 — 4,234 Over 5 years to 10 years 12,774 -- 1,325 Over 10 years 12,748 _- 742 Total 1,982 415 113,057 -2,129 8,331 +115 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 26, 1979 New Phila . Cleve Rich St. Minne Kansas * San Total Boston York delphia land mond Atlanta Chicaeo 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 certify acct. 1,800 93 459 91 149 161 64 300 79 32 75 86 211 Coin 412 27 21 20 43 45 41 32 25 17 49 29 63 Loan 8 1,982 155 690 11 13 160 114 309 191 25 83 192 39 Acceptances: Bought outrigiht Held under repurchase agreements 415 415 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 115 115 U.S. Government securities; Bought outright— Bills 41,809 2,023 10,305 1,999 3,359 3,424 1,732 6,635 1,779 929 1,846 2,278 5,500 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/ 112,856 5,459 27,817 5,396 9,067 9,243 4,676 17,909 4,802 2 ,509 4,982 6,149 14,847 Held under repurchase agreements 1/ 201 201 Total U.S. Government securities 113,057 5,459 28,018 5,396 9,067 9,243 4,676 17.909"" • 4.802 2 ,509 4,982 6,149 14,847 Total loans and securities 123,785 6,011 31,263 5,800 9,740 10,076 5,130 19,522 5,342 2 ,717 5,428 6,789 15,967 Cash items in process of collection 17,521 664 2,215 419 756 2,194 2,522 2,438 869 1 ,859 1,494 1,010 1,081 Bank premises 406 104 14 54 23 80 31 16 13 28 20 12 11 Other assets 3J 5,616 229 1,359 358 387 331 383 937 175 146 218 312 781 Interdistrict settlement account -0- - 510 - 989 - 899 4- 287 + 370 + 109 + 559 - 208 742 + 472 + 954 -K 597 TOTAL 160,652 7,610 37,183 6,767 12,031 14,550 ;8,805 25,395 6,769 4 ,289 8,229 9,643 19,381 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 $7,753 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $165 million securities loaned—fully secured by U.S. Government securities." 3>/ Includes assets denominated in foreign currencies, revalued monthly at market exchange rates, * Estimated (Dallas District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON DECEMBER 26 1979 f 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 cf dollars ) L I A B I L I T I ES Federal Reserve notes 113,543 .5,737 29,897 5 : 488 9,010 10,410 3,676 18,558 4,761 1,918 5,013 6,018 13,057 posits: Reserve Accounts ±/ 28,495 1,130 4,602 643 1,978 " 1,808 • 2,384 4,806 1,079 1,204 1,677 2,279 4,905 " U.S. Treasury—general account 2,883 209 298 161 231 162 "30 339 232 118 184 188 331 Foreign 216 7 56 9 18 • » 11 16 33 7 7 9 13 30 Other 719 23 359 21 26 11 93 58 11 15 38 36 28 Total deposits 32,313 1,369 5,315 834 2,253 1,992 2,923 5,236 1,329 1,344 1,908 2,516 5,294 Deferred availability cash items 9,000 247 564 212 356 1,800 1,902 612 494 857 1,083 707 166 Other liabilities and accrued dividends 2/ 2,729 155 629 104 159 172 100 528 82 82 93 227 39S TOTAL LIABILITIES 157,583 7,508 36,405 6,638 11,778 14,374 8,601 24.934 6,666 4,201 8,097 '9,463 18,915 CAPITAL ACCOUNTS Capital paid in 1,145 33 290 45 95 58 87 168 35 36 49 67 182 Surplus 1,078 33 280 44 92 57 81 163 33 34 46 63 152 Other capital accounts 844 36 208 40 66 61 36 130 35 18 37 45 132 TCTAL LIABILITIES AND CAPITAL ACCOUNTS 160,652 7,610 37,183 6,767 12,031 14,550 8,805 25,395 6,769 4,289 8,229 9,643 19,331 FEDERAL RESERVE AGENTS' ACCOUNTS F,R. notes outstanding 125,465 6,418 32,656 6,161 9,592 11,053 5,283 19,545 5,296 2,532 5,812 6,570 14,547 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 S6 211 Eligible paper 949 53 243 11 12 80 63 108 105 20 60 170 24 U.S. Gov't., and Agency Securities 111,604 5,280 29,113 5,135 8,785 9,519 4,631 17,546 4,638 2,248 5,204 5,863 13,642 Total collateral 125,465 6,418 32,656 6,161 9,592 11,053 5,283 19,545 5,296 2,532 5,312 6,570 14,547 1/ Includes reserves of Member Banks, Edge Act Corporations and U.S. Agencies and Branches of Foreign Banks, 7_l Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. * Estimated (Dallas District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis