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FEDERAL RESERVE *.f*U.Rt^. Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release August 31, 1978 Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U.S. Government securitles-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: 1/ 2/ 3/ 4/ * Averages of daily figures Week ended Change from week ended Wednesday August 30, Aug. 23, Aug. 31, Aug. 30, 1978 1978 1977 1978 (In millions of dollars) 1/ 109,912 1,683 +819 +403 +13,440 + 1,529 504 +281 + + 609 482 329 +177 + 5 311 1,020 -584 + 12 + 373 78 1,310 -380 + 26 +742 + 1,651 498 +17,146 + 85 + 100 + 458 +17,788 5,448 2,014 130,398 11,680 1,300 11,669 155,047 + 9,518 107,574 7,981 208 4,498 1,971 127,898 11,680 1,300 11,658 152,535 107,002 370 11,675 264 601 4,319 124,231 28,305 9,470 37,843 37,539 304 — — + 7 +748 -258 + 56 +865 - 6 + 38 +258 +954 -205 +664 +458 +206 +252 2/ 109,800 2,503 7,978 896 449 199 58 370 + 5,822 12,162 103 3 235 631 + 778 +15,954 4,421 125,393 + 1,835 + 697 + 2,498 + 2,565 67 29,653 9,470 39,191 37,539 1,652 A net of $23 million of surplus reserves were eligible to be carried forward from the week ended August 23, into the week ending August 30. On August 30, 1978, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $85,717 million, a decrease of $958 million for the week. Net of $974 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $974 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. Net of $1,165 million matched sale-purchase transactions outstanding at the end of the latest statement week,of which $1,165 million was with foreign official and international accounts. Includes $70 million securities loaned—fully secured by U.S. Government securities. Includes $16 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 $68 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. Estimated (Treasury's figures). CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Change since Wednesday Aug. 23, Aug. 31, Aug. 30, 1978 1978 1977 A S S E T S 11,680 85 Gold certificate account + 1,300 Special Drawing Rights certif. acct. + 100 6 277 Coin 7 Loans 1,310 45 487 Acceptances--Bought outright 4 449 48 Held under repurchase agreements + 322 7,978 3 Federal Agency obligations--Bought outright + 624 896 232 Held under repurchase agreements J7 + 745 U.S. Government securities: + 5,054 45,075 113 Bought outright—Bills Certificates + 4,266 53,229 Notes 11,496 + 3,123 Bonds H.4.1(a) Total bought outright 2/ Held under repurchase agreements 17 Total U.S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets 3J 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 _V Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 109,800 2,503 112,303 122,936 (1,908) 11,686 392 1,622 (1,908) 149,893 + + 60 + 622 96,553 29,653 12,162 + + + + + + + 257 654 702 8 4 44 101 52 454 + 9,047 + 1,391 + 6,047 1,059 1,029 + 694 + 1 -167 + + + 235 631 42,681 6,238 1,639 (1,908) 147,111 (1,908) C A P I T A L A C C O U N T S . Capital paid in Surplus Other capital accounts 113 554 - 441 651 +1 ,219 +12,443 + 1,424 +13,867 +15,599 + 1,971 + 15 463 +17,300 300 48 + 7,090 + 365 + 550 +17,052 48 46 154 * Figures in parentheses are the eliminations made in the consolidating process. 1/ 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 $1,165 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $70 million securities loaned-fully secured by U.S. Goverrranwit securities. 3>/ Includes assets denominated in foreign currencies. 4/ Includes $16 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 30, 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 1,272 38 449 — 1,310 — 449 U.S. Government securities Holdings Weekly [changes 6,404 -415 22,059 + 58 - 84 29,458 31,154 — 13,521 — 9,707 — -441 112,303 Federal Agency obligations Holdings Weekly changes 1,041 +327 258 - 4 1,479 + 56 3,594 -150 1,641 — 861 8,874 — +229 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 30, 1978 | Total 1 Bo8ton New [ 1 Fhila- 1 York ,_d_al_phla_ CleveRichland 1 mond Atlanta . (In millions of dollars) St. Chicago 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 U.S. Government securities: Bought outright-Bills Certificates Note 8 Bonds TOTAL 660 67 3,315 598 69 921 518 51 215 466 55 231 28 425 48 509 57 1,300 112. 974 116 1,763 330 277 16 24 12 39 22 25 23 19 10 42 14 31 1,310 36 513 65 41 93 89 140 69 61 88 87 28 -— 449 --- --- --- --- -- --- --" -~~ ~~ -- — — 371 1,941 400 664 653 361 326 191 327 414 -- -- -- — -- -- -- -- 449 y Total bought outright 1/ Held under repurchase agreements i / Total U.S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets 2.' Interdistrict settlement account 11,680 1,300 7,978 896 ' 45,075 -- -2,098 -- -- 896 10,965 -- 2,257 -- 2,039 1,272 -- 3,751 3,691 -4,430 -4,358 2,408 1,833 -- 7,189 -8,489 -1,840 -- 1,082 1,847 2,340 -- 1,058 ~~ 5,976 2,174 -- 1,277 -2,181 470 276 471 597 7,057 1,524 14,557 2,763 -- 12,949 2,796 2,666 576 957 941 520 5,499 9,138 8,990 4,967 17,511 4,484 2,635 4,499 5,700 5,110 5,517 26,710 2,503 29,213 33,012 -5,499 -9,138 -8,990 -4,967 -17,511 -4,484 -2,635 -4,499 -5,700 5,964 9,843 9,736 5,417 18,923 4,879 2,887 4,914 6,201 13,594 315 1,796 1,811 1,622 75 19 110 16 200 899 29 51 19 64 897 10 85 1,824 83 131 535 13 58 1,080 10 398 583 23 118 1,464 ' 106 344 55 86 2,046 392 -0- + 537 -1,008 - 189 - 363 - 471 - 626 52 - 176 + 378 + 288 +1,504 151,801 7,293 37,877 6,939 11,276 12,637 6,978 6,077 3,959 6,970 8,061 20,709 53,229 11,496 109,800 2,503 112,303 1 122,936 2,477 535 5,110 -- + 74 23,025 + 1/ 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 $1,165 million matches sale-purchase transactions outstanding at the end of the latest statement week. Includes $70 million securities loaned--fully secured by U.S. Government securities. 3^/ Includes assets denominated in foreign currencies. 152 -- 14,557 15,643 9 246 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 30, 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 cleposlts 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 96,553 5,019 24,835 4,937 8,121 8,688 3,390 16,064 4,106 1,820 3,989 4,534 11,050 29,653 12,162 235 631 42,681 8,146 852 995 9 846 763 12 1,856 260 6,061 4,526 1/ 30 525 11,142 761 1,621 194 1,823 582 23 1 2,429 349 1,566 275 15 15 1,871 1,756 1,999 380 21 58 2,458 867 4,496 1,035 42 4 5,577 744 759 669 9 1 1,438 386 799 640 8 2 1,449 575 1,367 548 11 1 1,927 881 2,102 619 16 14 2,751 542 6,983 1,130 39 10 8,162 831 1,639 149,019 61 7,196 422 37,160 67 6,819 136 11,035 157 12,472 75 6,790 215 22,600 55 5,985 36 3,880 57 6,854 79 7,906 279 20,322 1,059 1,029 694 33 32 32 276 267 174 44 44 32 91 87 63 56 55 54 80 78 30 160 157 108 33 32 27 32 31 16 45 43 28 60 58 37 149 145 93 151,801 7,293 37,877 6,939 11,276 12,637 6,978 23,025 6,077 3,959 6,970 8,061 20,709 * FEDERAL RESERVE AGENTS' ACCOUNTS F.R. note8 outstanding Collateral for F.R. notes: Gold certificate account Special Drawing Rights certif. acct. Eligible paper U.S. Government securities Total collateral U 2/ * 108,520 5,767 26,531 5,959 8,618 9,411 4,750 17,478 4,615 2,340 4,715 5,381 12,955 11,680 1,300 1,117 94,423 108,520 660 67 35 5,005 5,767 3,315 330 382 22,504 26,531 598 69 65 5,227 5,959 921 112 41 7,544 8,618 974 116 89 8,232 9,411 518 51 87 4,094 4,750 1,763 215 127 15,373 17,478 466 55 60 4,034 4,615 231 28 54 2,027 2,340 425 48 80 4,162 4,715 509 57 71 4,744 5,381 1,300 152 26 11,477 12,955 After deducting $205 million participations of other Federal Reserve Banks. Includes $16 million of certain deposits of foreign-owned banking institutions voluntarily held with member banks and redeposited in full with Federal Reserve Banks. Less than $500,000.
@FedFRASER