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.••b^ovA/ FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release August 10, 1978 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 AcceptancesBought 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 kj Required reserves Excess reserves 4/ NOTE: 1/ 2/ 3/ Averages of daily figures Week ended Change from week ended Wednesday August 9,* Aug. 2, 1Aug. 10, Aug. 9, 1978 1978 1977 1978* 1/ (In millions of dollars) y -1,352 - 488 +11,487 + 103 - 78 149 + + 1 - 153 4- 879 175 + 560 9 + + 106,664 103 8,084 11 7,985 13 1 _10 294 103 851 170 + 1,078 364 +13,271 + 95 + 50 + 455 +13,871 5,281 2,905 122,624 11,683 1,250 11,633 147,190 107,642 4,893 2,867 123,503 11,690 1,250 11,631 148,074 34 + 7 -2,806 107,080 + 365 + 35 -1,881 + 73 82 - 504 -1,994 + 9,174 + - + 1,502 + 910 + 2,375 + 2,388 370 8,725 331 619 3,651 120,776 27,298 9,903 37,265 37,175 90 3 — + 3 -2,805 811 40 772 544 288 * ** 78 58 370 + 2,667 + 61 + 68 + 455 +12,368 7,701 ! 301 670 ! 3,693 120,377 i 13 A net of $176 million of surplus reserves were eligible to be carried forward from the week ended August 2, into the week ending August 9. On August 9, 1978, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $86,657 million, a decrease of $25 million for the week. Net of $2,543 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $1,415 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. Net of $4,254 million matched sale-purchase transactions outstanding at the end of the latest statement week,of which $1,160 million was with foreign official and international accounts. Includes $110 million securities loaned—fully secured by U.S. Government securities. Includes $17 million of certain deposits of foreign-owned banking institutions voluntarily held with member banks and redeposited in full with Federal Reserve Banks. 4/ ~" 721 673 11 -. „«. 104,793 Adjusted to include $64 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. Estimated (Cleveland and Richmond Districts) . Estimated (Treasury's figures). 26,814 9,903 36,781 37,175 - 394 CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Change since Wednesday August 10, August 9, August 2, A S S E T S 1978 1977 1978** Gold certificate account + 88 11,683 9 Special Drawing Rights certif. acct. — * 1,250 50 + Coin + 4 25 274 Loans 66 851 -1,437 Acceptances--Bought outright 9 Held under repurchase agreements + 10 10 - 468 Federal Agency obligations--Bought outright 7,985 - 173 + 574 Held under repurchase agreements J7 - 454 78 78 + U.S. Government securities: ~" Bought outright--Bills + 6,287 41,014 -3,342 Certificates Notes + 3,909 52,997 Bonds + 2,534 10,782 H.4.1(a) Total bought outright 2/ Held under repurchase agreements \_/ Total U.S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets 2/ TOTAL ASSETS L I A B I L I T I E S Federal Reserve notes Deposits: Member bank-reserves account U.S. Treasury-general account Foreign Other 4/ Total deposits Defetfred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES (1,845) (1,845) 104,793 721 105,514 114,438 11,221 389 2,516 141,771 -3,342 -1,065 -4,407 -6,939 -1,459 + 1 3 -8,405 +12,730 + 721 +13,451 +14,038 + 2,015 + 14 413 +15,767 96,652 26,814 7,701 35,486 5,940 1,390 139,468 + 632 -4,607 -3,872 + 58 56 -8,477 - 603 - 106 -8,554 + 8,755 + 2,650 + 3,178 + 51 + 110 + 5,989 + 504 + 398 +15,646 1,056 1,029 1 — 301 670 (1,845) (1,845) CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts 218 + 150 + + + 48 46 27 Figures in parentheses are the eliminations made in the consolidating process. Estimated (Cleveland and Richmond Districts). 1/ 2/ 3/ 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 $4,254 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $110 million securities loaned-fully secured by U.S. Government securities. Includes assets denominated in foreign currencies. Includes $17 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. August 9, 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 Acceptances 721 130 10 851 10 U.S. Government securities Weekly Holdings changes 6,729 -1,085 16,175 -2,789 30,743 - 533 31,025 -.. 11,849 -_ _8,993 105,514 -4,407 Federal Agency obligations Weekly Holdings changes 82 -454 + 14 313 1,422 -106 - 81 3,744 .._ 1,631 871 8,063 ... -627 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK Oil AUGUST 9, 1978 Total Boston New York Fhiladelphia CleveRichAtlanta * land 1* mond (In millions of dollars) Chicago St. Louis Minneapolis Kansas City 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 1/ U.S. Government securities: Bought outright-Bills Certificates Notes Bonds Total bought outright 1/ Held under repurchase agreements A/ Total U.S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets .3/ Interdistrict settlement account _______ TOTAL 11,683 1,250 660 62 3,318 313 598 74 921 107 974 113 518 64 1,763 198 466 53 231 25 425 44 509 48 1,300 149 274 14 21 11 40 23 26 21 19 9 44 12 34 851 29 26 21 11 124 93 108 115 72 90 157 5 — — -- — 10 --" -"- --- --- --- — -- -.. "" -- --- --- 10 7,985 78 372 1,942 78 400 664 654 361 1,273 326 192 327 415 1,059 -- -- -- -- .. •- ~" -- -- -~ — 41,014 1,909 9,977 2,054 3,413 3,358 984 1,681 2,129 -- -- -- — -- -- • — — 1,855 6,541 1,675 — — — — 5,438 — 52,997 10,782 2,466 502 12,892 2,623 2,655 540 4,411 897 4,340 883 2,397 488 8,452 1,719 2,164 440 1,272 259 2,171 442 2,751 560 7,026 1,429 104,793 721 105,514 114,438 4,877 5,249 8,721 8,581 4,740 16,712 4,279 2,515 4,294 5,440 4/ 13,893 4,877 5,278 25,492 721 26,213 28,269 5,249 5,670 8,721 9,396 8,581 9,359 4,740 5,194 16,712 18,093 4,279 4,720 2,515 2,779 4,294 4,711 5,440 6,012 13,893 14,957 13,066 389 2,516 -0- 417 106 120 - 289 1,271 10 610 +2,653 375 55 119 - 168 823 23 186 - 449 2,027 82 192 - 464 1,848 17 159 - 979 1,538 16 347 + 545 622 13 104 + 49 587 29 66 - 125 966 19 106 + 246 848 10 134 - 189 1,744 9 373 - 143,616 6,368 36,465 6,734 11,047 12,306 6,847 22,521 6,046 3,601 6,561 7,384 17,736 _.- -- -- -- -- -- -- -- -- -- -- 1 HfrT * 1/ 2/ V 4/ Estimated (Cleveland and Richmond Districts). 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 $4,254 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $110 million securities loaned--fully secured by U.S. Government securities. Includes assets denominated in foreign currencies. Includes securities loaned to other Reserve Banks. 830 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 9, 1978 H.4.1(c) Total Boston New York Philadelphia * Cleveland Richmond * Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco (In millions of 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 2/ Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 96,652 26,814 7,701 301 670 35,486 7,785 24,708 4,972 8,125 8,694 3,511 16,098 4,157 1,862 3,990 4,467 11,041 580 7,116 345 2,309 8 1/ 97 560 10,082 933 736 270 931 414 12 1 1,358 242 1,549 451 23 1 2,024 590 1,340 471 15 20 1,846 1,510 1,735 386 21 57 2,199 896 4,402 743 42 4 5,191 677 827 422 8 2 1,259 503 630 536 8 2 1,176 461 1,204 528 12 2 1,746 675 1,688 456 16 5 2,165 551 4,812 640 39 16 5,507 674 5,027 1,390 141,313 64 6,294 339 35,865 65 6,637 113 10,852 129 12,179 74 6,680 203 22,169 54 5,973 34 3,533 53 6,464 70 7,253 192 17,414 1,056 1,029 218 32 32 10 276 267 57 44 44 9 90 87 18 56 55 16 79 78 10 161 157 34 33 32 8 32 31 5 45 43 9 60 58 13 148 145 29 143,616 6,368 36,465 6,734 11,047 12,306 6,847 22,521 6,046 3,601 6,561 7,384 17,736 4,751 17,261 4,638 2,336 4,693 5,344 13,013 1 FEDERAL RESERVE AGENTS 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 1/ 2/ ~~ 3_/ * ACCOUNTS 107,784 5,768 26,186 5,789 8,592 11,683 1,250 660 62 29 3,318 598 74 21 921 107 11 974 113 119 518 64 92 1,763 198 108 466 53 115 231 25 61 425 44 84 509 48 143 1,300 313 26 94,037 2/5,017 5,768 107,784 22,529 26,186 5,096 5,789 7,553 8,592 8,207 9,413 4,077 4,751 15,192 17,261 4,004 4,638 2,019 2,336 4,140 4,693 4,644 5,344 11,559 13,013 814 9,413 After deducting $204 million participations of other Federal Reserve Banks. Includes $17 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 form other Reserve Banks. Estimated (Cleveland and Richmond District's). 149 5
@FedFRASER