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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 obligations-Bought outright Held under repurchase agreements Acceptances-Bought outright Held under repurchase agreements Loans-Total 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 3^/ Other F.R. liabilities and capital Member bank reserves: With Federal Reserve Banks Currency and coin Total reserves held 4/ Required reserves Excess reserves 4/ NOTE: For immediate release April 6, 1978 Averages of daily figures Week ended Change from week ended Wednesday April 5, March 29, 1 April 6, April 5, 1978 1978 1 1977 1978 (In mill ions of dollars) 1/ 99,195 2,091 + 137 - 349 + 5,929 + 2,028 2/ 96,539 7,929 _« - 237 + 1,198 + 341 7,929 349 -589 149 + 16 + 571 __ 193 304 45 - 82 6 + + 239 31 159 41 402 99 3,761 2,362 116,580 11,718 1,250 11,481 141,029 _ 250 + 114 - 650 --+ 11 - 639 + 1,114 654 +10,618 + 82 + 50 + 497 +11,247 5,951 2,300 113,572 11,718 1,250 11,483 138,023 102,667 + 347 + 2 -1,087 + 89 + 97 - 141 - 695 + 9,022 103,210 67 400 417 + 87 + 136 + 528 + 9,288 4,938 3,457 113,341 + + + + + + 1,958 + 469 + 2,386 + 2,315 + 71 24,682 8,946 33,720 36,323 - 2,603 399 5,441 371 773 3,766 113,416 27,612 8,946 36,650 36,323 327 54 94 159 67 92 585 751 A net of $144 million of surplus reserves were eligible to be carried forward from the week ended March 29, into the week ending April 5. On April 5, 1978, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $88,898 million, an increase of $562 million for the week. 1/ Net of $2,593 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $1,814 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. 2/ Net of $5,444 million matched sale-purchase transactions outstanding at the end of latest statement week,of which $1,693 million was with foreign official and international accounts. Includes $199 million securities loaned—fully secured by U.S. Government securities. 3/ Includes $15 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 $92 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 m i l l i o n s of dollars) Wednesday Change since April 5, Mar. 29, April 6, 1978 1978 1977 A S S E T S Gold certificate account -11,718 + 82 Special Drawing Rights certif. acct. 1,250 -+ 50 Coin 309 11 31 Loans 159 - 204 + 123 Acceptances—Bought outright 142 — — Held under repurchase agreements - 414 193 + 193 Federal Agency obligations--Bought outright 7,929 + 1,198 -Held under repurchase agreements \J 99 - 733 + 99 U.S. Government securities: Bought outright—Bills 35,007 -3,215 + 4,565 Certificates Notes 51,984 + 498 + 2,803 Bonds 9,548 + 96 + 2,352 Total bought outright 2/ Held under repurchase agreements JL/ Total U.S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets _3/ TOTAL ASSETS 96,539 402 (2,037) 96,941 105,321 13,198 (2,037) 1,916 134,096 384 -2,621 -2,881 -5,502 -6,853 +3,621 1 18 -3,262 , + 9,720 + 402 +10,122 +11,593 + 2,654 + 10 725 +13,633 LIABILITIES Federal Reserve notes Deposits: Member bank-reserves account U.S. Treasury-general account Foreign Other */ Total deposits Deferred availabiLity cash items Other liabilities and accrued dividends TOTAL LIABILITIES 92,436 24,682 4,938 585 751 (2,037) (2,037) C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts + 472 -5,617 + 549 + 309 14 30,956 7,247 1,265 131,904 -4,773 + 1,471 37 -2,867 ".,048 L,029 11.5 -- „ + 8,107 + 5,746 - 2,261 + 348 + 85 + 3,918 + 1,143 + 365 +13,533 + + - :;95 57 46 3 Figures in parentheses are the eliminations made in the consolidating process. 1/ 2/ 2/ 4/ 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 $5,444 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $199 million securities loaned — fully secured by U.S. Government securities. Includes assets denominated in foreign currencies. Includes $15 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 5, 1978 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) 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 Loans Acceptances 139 20 193 159 193 U.S. Government securities Holdings Weekly changes 3,101 -3,866 16,136 -2,713 + 785 30,623 29,376 + 104 9,941 + 95 7,764 + 93 96,941 -5,502 Federal Agency obligations Weekly Holdings changes 105 -768 257 + 24 1,121 + 11 4,044 — 1,624 -- 877 8,028 — -733 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON April. 5, 1.978 H.4.1(b) New Total Boston Philadelphia York 1 1 "cTeveRichmond Atlanta 1 land (In m i l l i o n s of d o l l a r s ) St. Chicago Louis Minneapolis Kansas City San Dallas Francisco A S S E T S 1.1,718 1,250 641 62 3,392 631 74 934 107 982 113 560 64 1,736 198 469 53 225 25 393 44 456 48 1,299 313 Coin 309 21 21 17 44 26 27 21 20 9 46 15 42 Loans Acceptances: Bought outright Held under repurchase agreements F e d e r a l Agency o b l i g a t i o n s - Bought outright Held under r e p u r c h a s e agreements U . S . Government s e c u r i t i e s : Bought outright-Bills Certificates Notes Bonds 1.59 32 7 16 8 12 4 27 17 11 12 2 11 -193 --- 193 --- --- --- --- --- --- --- --- --- -— 7,929 3 7 i. 423 664 648 391 337 194 318 397 1,045 99 -- -- -- -- -- -- -- -- -- 1 ,486 856 -- -- Gold certificate account Special Drawing R i g h t s c e r t i f . acct. U Total bought outright 2/ Held under repurchase agreements 1/ Total U . S . Government securities T o t a l loans and securities Cash items in process of collection Bank premises Other assets 3/ Interdistrict settlement account TOTAL ]_/ 2/ _3/ 4/ 35,007 -- 1,636 1,871 99 8,262 1,867 -- 51,984 9,548 2,429 1.2.2 70 2,254 2,774 96,539 4,511 22,786 5,1.50 8,081 8J)81 " r>, 7 5 3 402 446 -- -- 2,931 __ 509 402 4,351 ... 4,51 1 'f, 914 23,188 25,358 5~,750 5.589 15,235 2,807 1,916 397 106 86 366 56 98 855 23 137 -0- - 34 3 +1,705 - 546 - 491 136,1.33 5,884 34 ,0 ! 6 6,285 10,362 10 410 L,729 -- -- 4,250 2,566 781 7,893 799 96,941 105,321 384 2,862 -- -- -5,607 -- 1,405 -- 1,751 -4,615 -- -- 2,206 1,273 2,085 2,599 471 8,328 1,530 405 234 383 477 6,853 1,259 4,766 15,465 4,097 2,363 3,873 4,827 4/ 12,727 -- 7,893 8,553 4,766 5, 161 2,108 1,832 77 141 14 140 35 11,965 - 1,270 149 -15,465 16,762 -- -- -- 4,097 4,451 2,363 2,568 3,873 4,203 4,827 5,226 -- 12,727 13,783 -- 6 37 19 72 893 12 91 1,800 13 73 616 29 45 1,231 - 799 16 248 87 - 157 - 265 - 218 + 188 +1,048 6,999 20,587 5,559 3,252 5,790 6,929 18,505 1 ,693 9 375 Does not include L'.S. Government and Federal Agency scciiritios resold under matched sale-purchase transactions to foreign official and international a c c o u n t s , ol" which $ - 0 - m i l l i o n w a s outstanding at the end of the latest statement w e e k . Net of $ 5 , 4 4 4 million matched sale-purchase transactions outstanding at the end of the latest statement w e e k . Includes $ 1 9 9 m i l l i o n securities loaned-fully secured by U . S . Government scciiritios. Includes assets denominated in foreign currencies. Includes securities loaned to other reserve b a n k s . STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON 11.4.1(c) New Total Boston York Philadelphia Cleveland Richmond APRIL 5, 1978 St. Atlanta Chicago Louis Mi nneapolis (1 n mi. 11 ions f o dollars) Kansas City San Dallas Francisco • ' ' L I A B I L I. T 1 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 92,436 ! 24,682 4,938 585 751 30,956 9,284 4,762 23,777 4,791 7,874 8,411 3,496 15,335 3,961 453 240 8 1 702 296 5,068 1,740 1/ 381 823 285 12 6 1,433 1,246 1,818 3,583 306 15 26 288 21 68 341 42 6 805 278 9 10 1,126 1,787 2,195 1,071 1,102 415 1,593 1,750 3,972 214 767 378 608 7,797 1,591 330 23 1 1,893 587 170 8 1 766 497 3,531 4,080 10,535 1,063 1,756 6,047 219 11 3 245 16 10 496 39 11 1,296 2,027 6,593 833 563 909 55 278 61 98 93 74 180 49 30 48 136 163 5,815 33,443 6,192 10,174 11,847 6,836 20,254 5,490 3,186 5,698 6,806 18,200 115 32 32 5 274 267 32 44 44 5 90 87 11 56 55 7 79 78 6 159 157 17 33 32 4 32 31 3 44 '43 5 59 58 6 146 145 14 136,133 5,884 34,016 6,285 10,362 11,965 6,999 20,587 5,559 3,252 5,790 6,929 18,505 1,265 133,941 1,048 1,029 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding Collateral for F.R. notes: Gold certificate account Special Dr-nwing Rights cercif. fccL. Eligible P^oer U.S. Government securities Total collateral 1/ 3/ 103,570 5,554 25,621 5,494 8,473 8,988 4,564 16,684 4,434 2,184 4,350 5,029 12,195 11,718 1,250 641 62 3,392 631 74 16 934 107 8 982 113 12 560 64 1,736 198 21 469 53 17 225 25 10 393 44 456 48 2 1,299 313 6 21,910 25,621 4,773 5,494 7,424 8,473 7,881 8,988 14,729 3,895 1,924 4,523 10,742 4,564 16,684 4,434 2,184 4,350 5,029 After deducting $204 million participations of other Federal Reserve Banks. Includes $15 million of certain deposits of foreign-owned banking institutions voluntarily held with member banks and redeposited in full with Federal Reserve Banks. Includes securities borrowed from other reserve banks. 12,195 144 90,458 103,570 3I 3/ -4,820 5,554 L 3,936 i2 3/ -3,901 149 t;
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