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.•iiS^^V... FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release August 24, 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 oblications-Bought 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 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: \J 2/ 3/ kj * ** Averages of daily figures Week ended Change from week ended Wednesday Aug. 23, Aug. 16, Aug. 24, August 23, 1978* 1977 1978* 1978 (In millions of dollars) 1/ 109,093 1,280 +1,373 +1,280 2 7,981 +12,931 + 1,280 2/ 109,687 3,057 223 + 223 + + 570 223 152 + 152 + 6 152 401 + 640 + 12 61 1,797 + 80 195 + 1,315 441 +15,962 + 85 + 100 + 455 +16,603 4,318 1,954 129,859 11,680 1,300 11,654 154,493 - 261 -- + 9,484 107,294 64 370 +2 ,391 8 + - 25 + 255 +2 ,368 + 4,539 11,460 55 36 243 627 + 691 +14,559 4,193 124,187 + 2,044 + 605 + 2,617 + 2,561 + 56 30,307 8,806 39,182 37,333 1,849 1,604 196 4,909 1,945 127,186 11,680 1,300 11,651 151,818 107,203 370 10,810 270 563 4,060 123,276 28,542 8,806 37,417 37,333 84 _ 180 - 645 +2 ,839 -+ 29 + 11 +2 ,879 + 511 - 994 - 483 278 205 7,981 664 A net of $150 million of surplus reserves were eligible to be carried forward from the week ended August 16, into the week ending August 23. On August 23, 1978, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $86,675 million, a decrease of $1,011 million for the week. Net of $1,479 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $1,113 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. Net of $1,065 million matched sale-purchase transactions outstanding at the end of the latest statement week,of which $1,065 million was with foreign official and international accounts. include- ^164 rriliion secu^iuies 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. Adjusted to include $69 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. Estimated (Cleveland District). Estimated (Treasury's figures). CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (Tn millions of dollars) Wednesday Change since Aug. 23, Aug. 16, I Aug. 24, 1978** 1978 1 1977 A S S E T S Gold certificate account 11,680 85 + Special Drawing Rights certif. acr.t. 1,300 100 + Coin 283 10 + 10 Loans 1,797 + 708 526 Acceptances--Bought outright 6 Held under repurchase agreements 401 401 401 + Federal Agency obligations--Bought outright 7,981 570 + Held under repurchase agreements \J 664 664 664 + U.S. Government securities: Bought outright--Bills 44,962 771 + 7,467 Certificates Notes 53,229 832 + 4,266 Bonds 11,496 114 + 3,123 H.4.1(a> 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 3y TOTAL ASSETS (2,017) (2,017) 109,687 3,057 112,744 123,587 10,569 392 1,562 149,373 + 175 +3,057 +3,232 +5,005 -3,948 + 2 + 45 +1,114 + 14,856 + 3,057 +17,913 +19,016 + 1,453 + 17 451 +20,210 96,292 30,307 11,460 243 627 42,637 6,251 1,579 146,759 - 346 +1,464 +1,025 29 + 5 +2,465 -1,343 + 187 + 963 + 8,993 + 4,964 + 4,898 108 + 95 + 9,849 + 610 + 560 +20,012 + + + + tlABItlllll 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 (2,017) (2,017) C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts * ** 1,058 1,029 527 1 -+ 150 47 46 105 Figures in parentheses are the eliminations made in the consolidating process. Estimated (Cleveland District). 1/ Does not include U.S. Government and Federal Agency securities resold under 2/ 2/ 4/ 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 $1,065 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $164 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 23, 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 1,759 38 401 1,797 401 U.S. Government Federal Agency obligations securities Holdings Weekly Holdings Weekly [changes changes 6,819 714 +1,305 +711 22,001 +2,589 262 - 48 29,542 -1,438 1,423 -31,154 + 424 3,744 -13,521 + 238 1,641 -9,707 + 114 861 +___! 112,744 +3,232 8,645 +664 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON Total Boston New York Philadelphia CleveRichmond * land Atlanta (In millions of dollars) AUGUST 23, 1978 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 outrigjht 2/ Held under repurchase agreements Total U.S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets 3/ Interdistrict settlement account TOTAL \j 11,680 1,300 660 67 3,315 330 598 69 921 112 974 116 518 51 1,763 215 466 55 231 28 425 48 509 57 1,300 152 283 17 23 12 40 22 27 22 20 9 44 14 33 1,797 43 264 104 21 257 288 160 102 62 152 315 29 -- --- -401 --- --- --- --- --- --- --- --- --- 401 -„_ 7,981 664 371 1,941 664 400 664 654 361 1,273 326 192 327 414 1,0'-3 -- -- -- — -- -- -- -- -- -- .._ 44,962 2,092 10,938 2,252 3,742 3,682 2,034 7,171 1,835 1,079 1,842 2,334 -- -- -- -- -- -- -- -- -- -- -- -- -- 53,229 11,496 2,477 535 12,949 2,796 2,666 576 4,430 957 4,358 941 2,408 520 8,489 1,833 2,174 470 1,277 276 2,181 471 2,763 597 7,057 1,524 109,687 3,057 112,744 123,587 5,104 5,494 9,129 8,981 14,542 5,104 5,518 26,683 3,057 29,740 33,010 12,586 392 1,562 -0- 381 106 70 + 320 151,390 7,139 -- 5,961 4,962 17,493 4,479 2,632 4,494 5,694 -- -- -- -- -- -- -- -- -- 5,494 5,998 9,129 9,814 8,981 9,892 4,962 5,611 17,493 18,926 4,479 4,907 2,632 2,886 4,494"" 5,694 4,973 '" 6,423 14,542 15,629 1,316 10 390 -1,270 316 55 75 + 66 657 23 113 - 422 1,950 83 128 - 487 1,491 19 99 - 625 1,533 16 193 + 669 571 13 57 + 186 672 29 49 - 25 1,128 19 64 + 295 869 10 96 - 304 1,702 9 228 +1,597 37,124 7,189 11,258 12,678 7,191 23,337 6,275 3,879 6,996 7,674 20,650 — * Estimated (Cleveland District). U 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 $1,065 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $164 million securities loaned--fully secured by U.S. Government securities. 3/ Includes assets denominated in foreign currencies. STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 23, 1978 H.4.1(c) Total Boston New York Philadelphia Cleveland* Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San iFrancisco (In millions of dollars) U 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 96,292 5,011 24,717 4,928 8,083 8,638 3,450 16,033 4,108 1,828 3,991 4,533 10,972 30,307 11,460 243 627 42,637 8,268 840 834 8 1,015 828 12 21 1,876 202 1,890 456 23 1 2,370 450 1,407 610 15 16 2,048 1,723 2,067 412 21 57 2,557 923 4,809 1,132 42 5 5,988 695 979 633 1,682 293 6,260 3,758 1/ 39 502 10,559 735 1,621 405 803 573 8 2 1,386 554 1,444 510 12 2 1,968 871 1,858 474 16 7 2,355 567 6,935 1,240 39 13 8,227 850 1,579 148,776 65 7,051 437 36,448 71 7,077 134 11,037 117 12,526 80 7,010 221 22,937 55 6,189 36 3,804 56 6,886 72 7,527 235 20,284 1,058 1,029 527 33 32 23 276 267 133 44 44 24 90 87 44 56 55 41 80 78 23 160 157 83 33 32 21 32 31 12 45 43 22 60 58 29 149 145 72 151,390 7,139 37,124 7,189 11,258 12,678 7,191 23,337 6,275 3,879 6,996 7,674 20,650 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding ' 108,078 ' 5,752 Collateral for F.R. notes: Gold certificate account 11,680 660 Special Drawing Rights certif. acct. 1,300 67 Eligible paper 1,718 38 U.S. Government securities 93,380 4,987 Total collateral 108,078 5,752 i/ 2/ * 26,287 5,914 8,525 9,431 4,816 17,342 4,613 2,323 4,682 5,403 12,990 3,315 330 263 22,379 26,287 598 69 104 5,143 5,914 921 112 21 7,471 8,525 974 116 252 8,089 9,431 518 51 277 3,970 4,816 1,763 215 143 15,221 17,342 466 55 101 3,991 4,613 231 28 54 2,010 2,323 425 48 141 4,068 4,682 509 57 298 4,539 5,403 1,300 152 26 11,512 12,990 After deducting $204 million participations of other Federal Reserve Banks. Includes $17 nillion of certain deposits of foreign-owned banking institutions voluntarily held with member banks and redeposited in full with Federal Reserve Banks. Estimated (Cleveland District).
@FedFRASER