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.-•oofi-o^ FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U.S. Government securities — Bought outright--System account Held under repurchase agreements Federal Agency obligationsBought outright Held under repurchase agreements Acceptances — Bought outright Held under repurchase agreements LoansTotal member bank borrowing Includes seasonal borrowing of: Other borrowing Float Other F.R. assets Total Reserve Bank credit Gold Stock Special Drawing Rights certif. acct. Treasury currency outstanding Currency in circulation * Treasury cash holdings * Treasury deposits with F.R. Banks Foreign deposits with F.R. Banks Other deposits with F.R. Banks 37 Other F.R. liabilities and capital For immediate release April 27, 1978 Averages of daily figures Week ended Change from week ended Wednesday April 26, April 19, 1 April 27, April 26, 1978 1977 1978 1978 J (In millions of d ollars) 1/ 102,228 224 + + 7,929 777 224 +6,105 -1,503 2/ 102,357 1,566 __ +1,198 7,929 38 77 263 _«. 216 38 + -» 31 + 31 - 115 273 809 49 + + 570 13 + + 710 34 1,764 + 15 +2,170 +1,463 - 177 +7,330 + 82 + 50 + 483 +7,945 4,276 2,983 121,354 11,718 1,250 11,516 145,838 - 316 + 10 +2,909 + 6. + 71 + 70 +2,750 +9,131 47 -3,285 + 67 + 138 + 451 +6,454 103,506 4,367 2,997 118,622 11,718 1,250 11,512 143,102 103,239 400 6,321 339 772 3,794 114,865 -- + 256 + 260 +2,155 --- 53 400 8,729 460 796 3,879 117,770 Member bank reserves: With Federal Reserve Banks 28,238 - 579 +1,492 28,069 Currency and coin 8,797 90 + 456 8,797 Total reserves held 4/ 37,117 - 669 +1,877 36,948 Required reserves 37,011 - 426 +1,935 37,011 Excess reserves 4/ 106 - 243 58 63 NOTE A net of $148 million of surplus reserves were eligible to be carried forward from the week ended April 19, into the week ending April 26. On April 26, 1978, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $86,590 million, a decrease of $1,628 million for the week. 1/ Net of $1,583 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $1,482 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. 2/ Net of $1,795 million matched sale-purchase transactions outstanding at the end of the latest statement week,of which $1,795 million was with foreign official and international accounts. Includes $169 million securities loaned—fully secured by U.S. Government securities. 3/ Includes $14 million of certain deposits of foreign-owned banking institutions voluntarily held with member banks and redeposited in full with Federal Reserve Banks. 4/ Adjusted to include $82 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. Estimated (Treasury's figures). H.4.1(a> CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Change since Wednesday April 19, April 27, April 26, :.978 1977 1978 ASSETS; Gold certificate account 11,718 + 82 — Special Drawing Rights certif. acct. 1,250 + 50 -Coin 308 19 -Loans 1,764 + 1,208 +1,277 Acceptances—Bought outright - 107 --Held under repurchase agreements 216 + 216 - 268 Federal Agency obligations--Bought outright 7,929 +1,198 -Held under repurchase agreements \j 263 + 263 + 94 U.S. Government securities: ~~ Bought outright--Bills 40,154 + 1,189 25 Certificates __ Notes 52,510 +2,878 Bonds __91_69_3 +2,459 -- Total bought outright 2/ Held under repurchase agreements \J Total U.S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets _3/ TOTAL ASSETS 102,357 1,566 +1,189 -1,566 +5,312 -1,629 (2,211) 103 923 114 095 11 111 386 2 L597 +2 ,755 +4 ,442 -1 ,460 + 1 +__ 100 +3,683 +5,877 +1,441 + 20 - 258 (2,211) 141,465 +3,083 +7,193 92,697 28,069 8,729 460 796 38,054 6,835 1,287 138,873 - 151 + 763 +8,609 - 270 -2,594 + 194 + 134 -2,536 + 651 + 308 +7,032 LIABILITIES; Federal Reserve notes Deposits: Member bank-reserves account U.S. Treasury—general account Foreign Other 4/ Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES (2,211) (2,211) C A P I T A L ACCOUNTS Capital paid i n Surplus Other c a p i t a l accounts 1/ 2/ 2/ 4/ 1,049 1,029 514 +2 ,104 + 211 + 87 +3 ,165 - 50 - 21 +2 ,943 + 2 -+ 138 + + + 58 46 57 Figures in parentheses are the eliminations made in the consolidating process. 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 and of the latest statement week. Net of $1,795 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $169 million securities loaned-fully secured by U.S. Government securities. Includes assets denominated in foreign currencies. Includes $14 million of certain deposits of foreign-owned banking institutions voluntarily held with member banks and redeposited in full with Federal Reserve Banks. MATURITY DISTRIBUTION: OF LOANS AND SECURITIES. April 26, 1978 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) Loans Within 15 days 16 days to 90 days 91 days to 1 year Over 1 year to 5 years Over 5 years to 10 years Over 10 years Total 1,736 28 1,764 Acceptances 216 216 U.S. Government securities Weekly Holdings changes Federal Agency obligations Weekly Holdings changes --— 283 265 1,152 3,991 1,644 857 + + + - +2,755 8,192 + 263 5,727 20,219 30,325 29,611 10,132 7,909 +2,409 +1,235 - 889 103,923 257 27 31 52 -— H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON April 26, 1978 New Total Boston Philadelphia York Cleve- Richmond Atlanta (In millions of dollars) land 1 St. Chicago Louis Minneapolis Kansas Citv San Dallas Francisco- A S S E T S Gold certificate account Special Drawing Rights certif. acct. Coin Loans Acceptances: Bought outright Held under repurchase agreements Federal Agency obligations— Bought outright Held under repurchase agreements U.S. Government securities: Bought outright-Bills Certificates Notes Bonds TOTAL 1/ 2/ 3/ 4/ 560 62 3,453 598 74 921 107 974 113 518 64 1,763 198 466 53 231 25 425 44 509 48 1,300 313 308 20 22 17 43 26 26 23 22 10 46 14 39 1,764 75 494 151 68 143 80 94 83 28 69 240 239 216 --- 216 --- --- — — — -- -— --- -_- — -- --- --- 7,929 369 397 660 324 263 -- 263 -- -- 40,154 • V Total bought outright 2/ Held under repurchase agreements 1/ Total U.S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets 1/ Interdistrict settlement account 11,718 1,250 - - — 1,929 > 1,264 -- — 325 412 -- -- -- -- 6,403 1,640 963 2,085 5,324 -- — -- 2,144 1,260 2,151 2,726 396 233 397 503 6,961 1,285 4,180 2,456 4,194 5,314 4/ 13,570 1,051 9,768 -- -- 52,510 9,693 2,444 12,774 2,358 2,630 4,370 4,300 2,375 485 807 794 438 8,375 1,546 102,357 1,566 103,923 114,095 4,763 5,126 8,519 8,381 4,630 16,324 -- -- — — 4,763 5,207 24,900 1,566 26,466 29,368 5,126 5,674 8,519 9,247 8,381 9,173 4,630 5,069 16,324 17,682 4,180 4,587 2,456 2,674 4,194 4,588 5,314 5,966 13,570 14,860 13,322 303 1,403 431 785 2,043 1,588 1,583 768 668 1,120 951 1,679 386 107 98 10 490 56 103 23 170 78 162 14 134 16 298 13 81 29 51 19 85 12 104 9 821 95 -1,223 - 280 - 260 - 204 + 252 + 19 + 327 - 109 + 648 - 159 + 6,452 33,836 6,673 11,036 12,365 7,665 21,582 6,317 3,579 6,975 7,445 19,751 2,597 -0143,676 + -- -- 1,817 190 — -- -- 3,287 359 1 ,868 -- 3,342 — -- 451 2,011 649 149 -- -- — -- 1,646 -- -- -- -- — 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. Net of $1,795 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $169 million securities loaned--fully secured by U.S. Government securities. Includes assets denominated in foreign currencies. Includes securities loaned to other Reserve Banks. 894 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 26, 1978 H.4.1(c) Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco (In millions o f dollars) L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U.S. Treasury--general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accured dividends TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 92,697 4,862 23,761 4,779 7,875 8,432 3,494 15,367 3,981 1 ,914 3,572 4,141 10,519 28,069 8,729 460 796 38,054 9,046 629 518 8 3 1,158 291 5,497 1,594 1/ 255 690 8,036 1,053 940 482 12 1 1,435 288 1,706 645 23 1 2,375 466 1,508 456 15 19 1,998 1,685 2,066 667 21 53 2,807 1,117 4,209 647 42 5 4,903 733 986 705 9 * 1,700 503 771 183 8 2 964 594 1,421 916 12 2 2,351 898 1,879 593 16 9 2,497 603 6,457 1,323 39 11 7,830 815 1,287 141,084 55 6,366 315 33,165 57 6,559 98 10,814 98 12,213 67 7,485 181 21,184 48 6,232 32 3 ,504 47 6,868 60 7,301 229 19,393 1,049 1,029 514 32 32 22 274 267 130 44 44 26 90 87 45 55 55 42 79 78 23 160 157 81 33 32 20 32 31 12 44 43 20 60 58 26 146 145 67 143,676 6,452 33,836 6,673 11,036 12,365 7,665 21,582 6,317 3 ,579 6,975 7,445 19,751 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding Collateral for F.R. notes: Gold certificate account Special Drawing Rights certif. acct. Eligible Paper U.S. Government securities Total collateral 104,165 5,575 25,665 5,437 8,477 9,040 4,609 16,825 4,505. 2,220 4,355 5,122 12,335 11,717 1,250 1,645 89,553 104,165 560 62 3,453 313 473 21,426 25,665 598 74 150 4,615 5,437 921 107 68 7,381 8,477 973 113 143 7,811 9,040 518 64 73 3,954 4,609 1,763 198 78 14,786 16,825 466 53 83 3,903 4,505 231 25 28 1,936 2,220 425 44 63 3,823 4,355 509 48 238 4,327 5,122 1,300 149 173 10,713 12,335 75 3/ -'4,878 5,575 After deducting $205 million participations of other Federal Reserve Banks. Includes $14 million of certain deposits of foreign-owned banking institutions voluntarily held with member banks and redeposited in full with Federal Reserve Banks. 3/ Includes securities borrowed from other Reserve Banks. Less than $500,000. 1/ 2/
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