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FEDERAL RESERVE '-"'f^ffi^'' Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release December 14, 1978 Averages of daily figures 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 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 Other F.R. liabilities and capital Member bank reserves: With Federal Reserve Banks Currency and coin Total reserves held 3/ Required reserves Excess reserves 3/ NOTE: 1/ 2/ 3/ Week ended Change from week ended Wednesday Dec. 13, Dec. 6, 1 Dec. 14, Dec. 13, 1978 1978 | 1977 1978 (In millions of dollars) 1/ 107,572 25 - 817 +10,156 + 25 7,898 14 _ 1 - 251 + + 579 14 7,896 37 - 221 + 37 -- 594 132 _ 104 - 18 + + 85 76 473 129 7,095 2,554 125,789 11,639 1,300 11,822 150,550 + 572 + 141 + 1,902 + 417 +13,215 79 + 100 + 474 +13,710 7,458 2,501 128,886 11,635 1,300 11,822 153,643 112,846 288 2,120 266 731 4,069 120,320 + 783 + 15 -2 ,543 +10,290 115 - 1,090 4 + 111 + 661 + 9,854 113,438 310 1,869 204 582 4,285 120,688 -1 ,152 806 346 236 110 + 3,857 + 996 + 4,862 + 5,179 317 32,956 10,833 43,862 41,141 2,721 30,231 10,833 41,137 41,141 4 -3 ,028 -3 ,709 3 - -+ 15 -3 ,696 -3,179 - 42 + 113 - 234 + - 2/ 110,558 --- A net of $173 million of surplus reserves were eligible to be carried forward from the peek ended December 6, into the week ending December 13. On December 13, 1978, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $93,473 million, an increase of $863 million for the week. Net of $5,373 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $1,492 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. Government securities. Net of $2,137 million matched sale-purchase transactions outstanding at the end of the latest statement week,of which $812 million was with foreign official and international accounts. includes $132 miLLion securities loaned--fully secured by U.S. Government securities. Adjusted to include $73 million waivers oC penalties for reserve cref iciencies 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 millions of dollars) Change since Wednesday Dec. 6, Dec. 13, De!C. 14, 1978 1977 1978 A S S E T S 11,635 5 83 Gold certificate account 1,300 + 100 -Special Drawing Rights certif. acct. + 5 17 277 Coin - 115 473 - 765 Loans Acceptances--Bought outright Held under repurchase agreements 591 7,896 Federal Agency obligations—Bought outright Held under repurchase agreements 1/ U.S. Government securities: + 7,038 43,238 +6,197 Bought outright--Bills Certificates + 5,239 54,855 Notes + 3,724 12,465 Bonds 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 JV TOTAL ASSETS 110,558 +6,197 +16,001 110,558 118,927 (2,046) 14,042 +6,197 +6,079 -1,301 +16,001 +15,827 + 755 + 15 + 302 +16,899 398 -- 2,103 (2,046) 148,682 + 37 +4,815 02,202 32,956 1,869 + 740 +4,320 - 300 - 163 + 29 +3,886 - 300 + 338 +4,664 + 9,820 + 7,612 + 1 + 150 + + + 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 204 582 (2,046) (2,046) 146,251 C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts * 35 ,611 6 ,584 1 ,854 1,076 1,029 326 875 87 122 + 6,528 226 + 642 +16,764 51 46 38 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 $1,317 million was outstanding at the end of the latest: statement week. 2^/ Net of $2,137 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $132 million securities loaned-fully secured by U.S. Government securities. 3/ Includes assets denominated in foreign currencies. MATURITY DISTRIBUTION: OF LOANS AND SECURITIES. DECEMBER 13, 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 387 86 473 Acceptances U.S. Government securities Holdings Weekly changes + 702 4,450 +4,285 19,654 +1,210 29,454 31,608 --14,717 10,675 -110,558 +6,197 Federal Agency obligations Holdings iWeekly jchanges -566 1,286 3,723 1,461 860 7,896 -73 +73 -13 +37 -27 — STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON DECEMBER 13, 1978 H.4.1(b) Total Boston New York Philadelphia CleveRichland mond Atlanta (In millions of dollars) Chicago St. Louis Minneapolis Kansas Citv San Dallas Francisco A S S E T S 11,635 1,300 760 67 3,170 330 598 69 921 112 974 116 518 51 1,763 215 466 55 231 28 425 48 509 57 1,300 152 Coin 277 16 21 16 33 23 31 13 22 11 41 16 34 Loans Acceptances: Bought outright Held under repurchase agreements Fedeval Agency obligations— Roughs: outright :.ifcj.d under repurchase agreements ij.'i. Government securities: X&cught outright — Bills Certificates Notes Bonds 473 27 37 , 35 39 18 60 97 20 23 59 55 3 7,896 367 1,921 395 657 647 357 1,259 322 190 324 410 1,047 43,238 2,012 10,519 2,166 3,599 3,540 1,956 6,895 1,766 1,038 1,771 2,244 5,732 54,855 12,465 2,553 580 13,344 3,032 2,747 624 4,565 1,037 4,492 1,021 2,481 564 8,749 1,988 2,240 509 1,316 299 2,248 511 2,848 647 7,272 1,653 110,558 5,145 26,895 5,537 9,201 9,053 5,001 17,632 4,515 2,653 4,530 5,739 ^14,657 110,558 118,927 5,145 5,539 26,895 28,853 5,537 5,967 9,201 9,897 9,053 9,718 5,001 5,418 17,632 18,988 4,515 4,857 2,653 2,866 4,530 4,913 5,739 6,204 14,657 15,707 16,088 398 2,103 -0- 467 106 123 - 729 2,131 10 545 +2,650 468 55 105 - 147 847 24 159 785 2,185 84 152 - 180 2,140 21 147 -1,262 1,839 16 275 - 463 761 13 73 148 756 29 47 628 1,445 19 73 + 41 998 12 103 267 2,051 9 301 +1,384 150,728 6,349 37,710 7,131 11,208 13,072 7,064 22,646 3,340 7,005 8,166 20,938 Gold certificate account Special Drawing Rights certif. acct. \l 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 .3/ Interdistrict settlement account TOTAL 1/ ~~ 2/ _3/ 4/ - - 6,099 - + Docs not include U.S. Government and Federal Agency securities resold under matched sale-purchase transactions to foreign official and international accounts, of which $1,317 million was outstanding at the end of the latest statement week. Net of $2,1.37 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $132 million securities loaned--fully secured by U.S. Government securities. Includes assets denominated in foreign currencies. Includes securities loaned to other Reserve Banks. STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON DECEMBER 13, 1978 11.4.1(c) Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Franciscc (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 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 CAPITA], ACCOUNTS ' 102,202 5,276 26,262 5,201 8,517 9,286 3,555 17,025 4,476 1,866 4,246 4,720 11,772 32,956 1,869 204 582 35,611 8,630 541 95 6 2 644 273 8,761 275 1/ 54 444 9,534 885 1,440 69 9 3 1,521 220 1,868 83 17 8 1,976 371 1,473 153 11 17 1,654 1,851 2,020 142 15 53 2,230 1,014 4,030 139 31 14 4,214 778 967 78 6 3 1,054 321 714 55 6 3 778 581 1,438 109 9 5 1,561 1,029 2,471 138 12 10 2,631 588 7 233 533 28 20 7 814 719 1,854 148,297 77 6,270 398 37,079 87 7,029 137 11,001 146 12,937 91 6,890 260 22,277 170 6,021 42 3,267 67 6,903 87 8,026 292 20 597 1,076 1,029 326 33 32 14 280 267 84 44 44 14 92 87 28 56 55 24 81 78 15 162 157 50 33 32 13 34 31 8 46 43 13 63 58 19 152 145 44 150,728 6,349 37,710 7,131 11,208 13,072 7,064 22,646 6,099 3,340 7,005 8,166 20.938 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/ 112,943 6 ,121 28,329 6,215 9,046 9,949 4,677 17,854 4,872 2,340 4,775 5,572 13,193 11,635 1,300 418 99,590 112,943 760 67 27 2/s 267 6 121 3,170 330 37 24,792 28,329 598 69 34 5,514 6,215 921 112 39 7,974 9,046 974 116 13 8,846 9,949 518 51 47 4,061 4,677 1,763 215 90 15,786 17,854 466 55 12 4,339 4,872 231 28 21 2,060 2,340 425 48 50 4,252 4,775 509 57 45 4,961 5,572 1,300 152 3 11,738 13,193 After deducting. $150 million participations of other Federal Reserve Banks. Includes securi-ies borrowed from other Reserve Banks.
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