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FEDERAL RESERVE -.f54L«si? Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release February 15, 1979 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 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: Averages of daily figures Week ended Change from week ended Wednesday Feb. 14,* Feb. 14;* Feb. 7, Feb. 15, 197 1979 1979 . L . 1978 (In millions of dollars) "IT TT 103,989 319 888 352 7,487 73 18 181 11 1,054 111 + + 236 10 4- 7,538 76 + + -1- 105,540 1,244 495 53 7,487 364 118 708 773 62 1,129 117 6,584 5,540 125,227 11,544 1,300 11,931 150,002 + 538 - 39 - 513 - 34 — + 20 - 527 + 18 +: 2,566 +10,495 174 + 50 + 510 +10,881 9,025 5,636 131,133 11,544 1,300 11,969 155,946 111,066 + 502 - 39 - 522 - 26 + 127 + 9 + 54 + 9,652 139 ! - 1,873 1 34 ! + 184 j + 209 + 8,000 111,459 250 3,145 261 938 4,162 119,823 30,180 10,558 40,874 40,600 274 . - 580 133 708 618 90 + 2,882 + | 835 1 + 3,776 + 3,687 + 89 250 3,276 312 902 4,071 120,270 35,676 10,558 46,370 40,600 5,770 A net of $105 million of surplus reserves were eligible to be carried forward from the week ended February 7, into the week ending February 14. On February 14, 1979, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $94,888 million, a decrease of $277 million for the week. 1/ Net of $2,461 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $1,408 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. 2/ Net of $1,422 million matches sale-purchase transactions, outstanding at the end of the latest statement week of which $1,422 million was with foreign official and international accounts. Includes $232 million securities loaned—fully secured by U.S. Government securities. 2/ Adjusted to include $136 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. * Estimated (Philadelphia, Richmond and Chicago Districts). ** Estimated (Treasury's figures). CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since Feb. 14, Feb. 7, I Feb. "15, 1979 ** I 1979 1 1978 ASSET-S Gold certificate account 174 11,544 Special Drawing Rights certif. acct# * + 50 1,300 Coin + 12 336 7 Loans 1,129 + 530 + 617 Acceptances—Bought outright Held under repurchase agreements + 359 + 274 708 Federal Agency obligations—Bought outright 495 7,487 Held under repurchase agreements \J 364 + 218 + 230 U.S. Government securitiesr Bought outright—Bills + 430 + 621 37,623 Certificates Notes + 557 + 4,876 55,392 Bonds 12,525 + 3,127 + 60 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 V TOTAL ASSETS (2,080) (2,080) Federal Reserve notes Deposits: Member bank-reserves account U.S. Treasury—general account Foreign Other Total deposits Deferred availability cash items (2,080) Other liabilities and accrued dividends^/ TOTAL LIABILITIES (2,080) S i H I A L ' A C C O U J T S Capital paid in Surplus Other capital accounts * ** +1 ,218 + 543 +1 ,761 105,540 1,244 106,784 116,472 15,846 395 5,241 151,134 +2,870 +1,916 + 1 - 104 +4,689 + 8,433 - 1,157 + 7,276 + 7,900 +1,728 + 15 + 3,320 +12,832 00,076 35,676 3,276 312 902 + 311 +2,381 +1,057 + 79 + 215 +9,066 + 4,972 434 115 + 71 40,166 6,821 1,546 148,609 +3,732 + 668 - 184 +4,527 + 4,494 706 186 +12,668 1,087 1,078 360 2 + — + 160 + + + 46 49 69 Figures in parentheses are the eliminations made in the consolidating process. Estimated (Philadelphia, Richmond and Chicago Districts). \J Does not include U.S. Government and Federal Agency securities resold under matches 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 $1,422 million matches sale-purchase transactions outstanding at the end of the latest statement week. Includes $232 million securities loaned-fully secured by U.S. Government securities. 3;/ Includes assets denominated in foreign currencies. Beginning December 29, 1978, such assets are revalued monthly at market exchange rates. 4/ Includes exchange-translation account reflecting, beginning December 29, 1978, the monthly revaluation at market exchange rates of foreign-exchange commitments. MATURITY DISTRIBUTION: OF LOANS AND SECURITIES. FEBRUARY 14, 1979 (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 1,080 49 1,129 Acceptances 708 708 U.S. Government securities Holdings Weekly changes Federal Agency obligations Holdings Weekly changes 5,735 18,124 25,405 32,003 14,781 10,736 +1,589 + 325 - 704 + 426 + 64 + 61 696 205 1,154 3,475 1,511 810 +550 -332 106,784 +1,761 7,851 +218 — — -___— STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON FEBRUARY 14, 1979 H.4.1(c) Total Boston New York Phila-*-* Cleveland delphia Richmond *A Atlanta *Ohicago St. Louis Minneapolis Kansas City Dallas San Francisco (In million.3 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 AMD CAPITAL ACCOUNTS 100,076 5,089 25,873 5,043 8,448 8,975 3,181 16,862 4,480 1,804 4,244 4,813 11,264 35,676 3,276 312 902 40,166 8,901 1,253 199 6 1 1,459 281 9,176 449 162 809 10,596 1,286 860 172 8 1 1,041 286 2,044 310 17 2 2,373 471 1,573 245 11 15 1,844 1,697 2,056 325 15 47 2,443 1,056 5,538 436 31 5 6,010 800 904 123 6 1,033 428 895 132 6 2 1,035 490 1,374 230 9 2 1,615 969 2,562 167 12 9 2,750 544 7,441 488 29 9 7,967 593 1,546 150,689 66 6,895 568 38,323 69 6,439 119 11,411 125 12,641 86 6,766 230 23,902 62 6,003 37 3,366 59 6,887 78 8,185 47 19,871 1,087 1,078 360 33 33 19 280 280 83 44 44 19 92 92 28 58 57 23 82 81 20 164 163 53 34 33 15 35 34 10 46 46 16 64 63 18 155 152 56 153,214 6,980 38,966 6,546 11,623 12,779 6,949 24,282 6,085 3,445 6,995 8,330 20,234 * 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/ * ** 113,239 5,973 28,625 6,166 9,115 9,754 4,637 18,007 4,977 2,313 4,887 5,678 13,107 11,544 1,300 1,050 99,345 113,239 960 67 77 4,869 5,973 2,879 330 68 25,348 2/ 28,625 598 69 188 5,311 6,166 921 112 46 8,036 9,115 974 116 134 8,530 9,754 518 51 59 4,009 4,637 1,763 215 213 15,816 2/ 18,007 466 55 61 4,395 4,977 231 425 48 28 36 49 2,018 2/ 4,365 2,313 4,887 509 57 102 5,010 5,678 1,300 152 17 11,638 13,107 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign-exchange commitments Includes securities borrowed from other Reserve Baaks. Less than $500,000. Estimated (Philadelphia, Richmond and Chicago Districts). H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON FEBRUARY 14, 1979 New Boston Total York CleveRichmond Atlanta land (In millions of dollars) Fhiladelohia* St. Chicago * Louis Minneaoolis 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 2/ Held under repurchase agreements Total U.S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets V Interdistrict settlement account TOTAL \J 2J 3/ 4/ * \J 11,544 1,300 960 67 2,879 598 69 921 112 974 116 518 51 1,763 215 466 55 231 28 425 48 509 57 1,300 330 336 24 25 18 40 31 41 19 24 13 42 17 42 1,129 87 78 190 46 141 59 225 83 38 59 104 19 — -- *•708 — -- --- -.-- -— --- — -- -- 708 — — — — --- 7,487 348 1,821 375 623 613 339 1,194 306 180 307 389 992 364 -- 364 -- -- -- — -- -- -- -- — -- 37,623 1,750 9,152 1,885 3,131 3,080 1,702 6,000 1,537 903 1,542 1,953 4,988 — — — — -- — — -- 4,536 1,026 2,506 — • «r 152 ' —. 55,392 12,525 2,578 105,540 1,244 106,784 116,472 4,911 583 — 4,911 5,346 506 107 194 17,926 395 5,241 -0153,214 -- — 2,262 1,329 2,269 566 8,834 1,998 511 301 513 16,832 4,310 2,533 4,324 ~ 13,475 3,047 2,774 627 4,610 1,042 25,6 74 1.244 26,918 29,889 5,286 8,783 8,642 4,774 -- -- -- 5,286 5,851 8,783 9,452 8,642 9,396 4,774 5,172 16,832 18,251 4,310 4,699 2,533 2,751 4,324 4,690 5,479 5,972 13,992 15,003 947 55 237 984 23 387 2,132 1,891 1,864 16 850 595 28 141 872 12 395 1,895 22 329 715 13 168 1,404 296 80 349 299 -1,075 +1,304 496 4-1,061 11,623 12,779 6,949 24,282 8,330 20,234 4,121 10 — 224 1,225 + 487 -1,229 6,980 38,966 6,546 - — - — -- - 55 6,085 -- • • 342 3,445 2,876 650 5,479 -/13,992 -- — 19 195 + 172 6,995 7,343 1,661 + — 10 771 Does not include U.S. Government and Federal Agency securities resold under matches 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 $1,422 million matches sale-purchase transactions outstanding at the end of the latest statement week. Includes $232 million securities loaned—fully secured by U.S. Government securities. Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes securities loaned to other Reserve Banks. Estimated (Philadelphia, Richmond and Chicago Districts).
@FedFRASER