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FEDERAL RESERVE '.f^ifa*: 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 foe immediate release August 3, 1978 Averages of daily figures Week ended Change from week ended Wednesday August 2, July 26, August 3, August 2, 1978* I 1978 1977 1978* (In millions of dollars) 1/ 108,016 591 8,162 160 - 2 421 154 - 290 1,439 166 + 21 14 + + 163 17 4,972 2,874 126 ,368 Member bank reserves: With Federal Reserve Banks Currency and coin Total reserves held kj Required reserves Excess reserves 4/ NOTE: 993 11 693 1 250 11 628 150,939 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 + 599 -1,038 106,679 370 10,606 258 701 4,177 122,791 28,148 9,863 38,076 37,719 357 - 989 44 - 613 21 2 7 670 + 320 302 + 373 354 19 4-11,470 - 1,163 + 2/ -108,135 1,786 742 29 8,158 532 18 134 478 841 97 2,288 169 + 1,359 486 +12,582 + 98 + 50 + 479 +13,209 6,178 3,011 130,566 11,692 1,250 11,630 155,138 + 9,334 53 + 2,107 135 + 14 + 681 +11,948 107,000 370 11,573 243 726 3,805 123,717 + 1,261 + 931 + 2,157 + 2,224 31,421 9,863 41,349 37,719 3,630 + + 67 A net of $21 million of surplus reserves were eligible to be carried forward from the week ended July 26, into the week ending August 2. On August 2, 1978, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $86,682 million, a decrease of $276 million for the week. 1/ Net of $1,720 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $1,720 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. Government securities. 2/ Net of $1,600 million matched sale-purchase transactions outstanding at the end of the latest statement weekfof which $1,600 million was with foreign official and international accounts. Includes $154 million securities loaned—fully secured by U.S. Government securities. 3/ Includes $17 million of ceiLain deposits oi loreigii-owned banking institutions voluntarily held with member banks and redeposited in full with Federal Reserve Banks. Adjusted to include $65 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. * Estimated (Richmond and Chicago Districts). ** Estimated (Treasury's figures). H.4.1(a^ CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (lr. millions of dollars) Wednesday Change August 2, July 26, 1978** 1978 A S S E T S Gold certificate account 11,692 1 Special Drawing Rights certif. acct. ... 1,250 Coin 270 + 7 IJO ?.ns 2,288 + 963 Acceptances--Bought outright --Held under repurchase agreements 478 + 359 Federal Agency obligations--Bought outright 8,158 6 Held under repurchase agreements 1/ 532 + 300 U.S. Government securities: Bought outright--Bills 44,356 +4,854 Certificates 52,997 -Notes 10,782 Bonds 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 \J TOTAL ASSETS 1/ 2/ 3/ 4/ 17 + + + 478 747 532 + 4,850 + 3,909 + 2,534 +11,293 + 1,786 +13,079 (1,867) 388 1 +16,502 + 1,309 + 13 (1,867) 2,623 149,773 + 86 +9,034 735 +17,206 96,010 31,421 11,573 + 126 +7,686 +1,609 + 8,629 + 3,762 + 4,378 C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts * 30 + 1,683 108,135 1,786 109,921 121,377 12,173 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 V Total deposits (1,867) Deferred availability cash items Other liabilities and accrued dividends (1,867) TOTAL LIABILITIES •k-k since August 3, 1977 + 97 + 50 243 726 43,963 5,995 1,498 147,466 1,057 1,029 221 +4,854 +1,247 +6,101 +7,717 +1,226 10 + 79 +9,364 50 41 +9,399 365 58 + 1 + 8,083 148 + 407 +16,971 + + + 51 46 138 Figures in parentheses are the eliminations made in the consolidating process. Estimated (Richmond and Chicago 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 $L,600 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $154 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. 2, 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 2,053 235 478 2,288 478 U.S. Government securities Holdings Weekly changes +3,852 7,814 18,964 +2,247 31,276 - 238 31,025 + 240 -11,849 -8,993 +6,101 109,921 Federal Agency obligations Weekly Holdings changes 536 +264 299 - 4 1,528 + 34 -3,825 -1,631 871 -- 8,690 +294 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 2, 1978 New York Total Boston 11,692 1,250 660 62 3,327 313 270 14 2,288 Philadelphia Cleve- Kansas City San Dallas Francisco St. Louis Minneapolis 1,763 198 466 53 231 25 425 44 509 48 1,300 149 24 23 19 9 45 13 31 143 197 144 52 79 73 84 428 --- --- --- — -- --- --- — -- — -- --- Rich- land 1 * mond 598 74 921 107 974 113 518 64 19 10 39 24 68 941 22 57 --- 478 -- — -- Atlanta (In millions of dollars) *Chicago 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 J7 U.S. Government securities: Bought outright-Bills Certificates Notes Bonds Total bought outright 2/ Held under repurchase agreements \_l Total U.S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets 3_/ Interdistrict settlement account TOTAL \_/ — 478 8,158 532 380 1,985 532 408 679 668 369 1,301 333 196 334 423 1,082 -- -- -- -- -- -- -- -- -- -- -- 44,356 2,064 10,790 2,221 3,692 3,632 2,006 7,074 1,811 1,064 1,818 2,303 5,881 -- -- -- -- -- -- -- -- -- -- -- -- -- 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 1,429 108,135 1,786 109,921 121,377 5,032 5,416 9,000 8,855 4,891 17,245 4,415 14,336 5,032 5,480 26,305 1,786 28,091 32,027 5,416 5,846 14,040 388 2,623 -0- 393 106 113 + 9 1,872 10 590 + 438 151,640 6,837 38,596 -- 2,595 4,431 5,614 -- -._ -- -- -- — -- -- 9,000 9,736 8,855 9,666 4,891 5,457 17,245 18,690 4,415 4,800 2,595 2,870 4,431 4,838 5,614 6,121 14,336 15,846 374 55 115 - 320 686 23 185 - 482 2,073 81 193 - 383 1,646 17 253 - 384 1,545 16 442 - 697 538 13 95 + 78 781 29 70 - 226 1,245 19 102 + 420 942 10 136 - 217 1,945 9 329 + 1,764 6,752 11,215 12,741 7,595 21,980 6,062 3,789 7,138 7,562 21,373 -- ... 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 $1,600 million matched sale-purchase transactions outstanding at the end of the Latest statement: week. Includes $154 million securities loaned--fully secured by U.S. Government securities. 3_/ Includes assets denominated in foreign currencies. * Estimated (Richmond and Chicago Districts). STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 2, 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 96,010 5,000 24,578 4,949 8,053 8,652 3,508 15,946 4,126 1,849 3,957 4,432 10,060 31,421 11,573 243 726 43,963 7,862 899 509 8 1 1,417 288 7,660 3,969 1/ 39 598 12,266 796 955 471 12 2 1,440 205 1,655 765 23 2 2,445 419 1,420 791 15 18 2,244 1,551 1,893 902 21 58 2,874 974 4,071 795 42 7 4,915 472 881 538 8 9 1,436 377 743 587 8 3 1,341 499 1,205 b96 12 2 2,115 920 1,857 482 16 13 2,368 566 B,18? 868 39 13 -,L02 795 1,498 149,333 65 6,770 393 38,033 68 6,662 114 11,031 130 12,577 78 7,434 215 21,548 55 5,994 35 3,724 56 7,048 74 7,440 215 21 ,072 33 32 2 276 267 20 44 44 2 90 87 7 56 55 53 79 78 4 161 157 114 33 32 3 32 31 2 45 43 2 60 58 4 148 145 6,837 38,596 6,752 11,215 12,741 7,595 21,980 6,062 3,789 7,138 7,562 21,37 " 1,057 1,029 ] 221 151,640 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 1/ 2/ 107,689 5,762 26,063 5,745 8,603 9,419 4,800 17,214 4,646 2,330 4,705 5,352 13,050 11,692 1,250 1,998 92,749 107,689 660 62 68 3,327 598 74 22 921 107 57 974 113 138 518 64 170 1,763 198 131 466 53 52 231 25 69 425 44 61 509 48 76 1,300 313 865 4,972 5,762 21,558 26,063 5,051 5,745 7,518 8,603 8,194 9,419 4,048 4,800 15,122 17,214 4,075 4,646 2,005 2,330 4,175 4,705 4,719 5,352 11,312 13,050 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. Estimated (Richmond and Chicago Districts). 149 289
@FedFRASER