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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F:R. Banks H.4.1 For immediate release February 22, 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: 1/ 2/ 3/ * ** Averages of daily figures Week ended Change from week ended Wednesday Feb. 21, Feb. 14, Feb. 21, Feb. 22, 1979* 1979 1979* 1978 (In millions of dollars) 1/102,384 •1,605 • 319 + 3,867 - 1,028 7,487 937 121 73 - 495 137 - 181 135 + 117 10 12,151 4,376 127,335 11,544 1,300 11,969 152,148 +5,631 -1,129 +2,207 111,168 + + + + + + 290 3,527 286 879 4,394 120,544 31,604 9,345 41,085 40,536 549 -— + 38 +2,245 + + 2/ - 95,833 7,487 491 68 1>018 + 7,273 + 2,253 +12,088 174 + 50 + 540 +12,503 12,137 4,618 121,093 11,544 1,300 11,969 145,906 + 9,766 111,422 123 102 40 382 25 59 230 720 100 290 - 1,143 + 20 + 211 + 181 + 8,935 3,135 4,385 120,299 +1,524 -1,213 + 311 64 + 375 + 3,569 + 791 + 4,413 + 4,156 + 257 25,607 9,345 35,088 40,536 - 5,448 315 752 A net of $61 million of surplus reserves were eligible to be carried forward from the week ended February 14, into the week ending February 21. On February 21, 1979, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $94,339 million, a decrease of $549 million for the week. Net of $4,680 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $1,904 million was with foreign official and international accounts. Includes securities loaned— fully secured by U.S. Government securities. Net of $11,231 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which $1,496 million was with foreign official and international accounts. Includes $105 million securities loaned—fully secured by U.S. Government securities. Adjusted to include $136 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. Estimated (Richmond, Atlanta and San Francisco Districts). Estimated (Treasury's figures). CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Change since Wednesday Feb. 14, Feb. 22, Feb. 21, 1979 1978 ASSETS 1979** Gold certificate account -_ 11,544 174 Special Drawing Rights certif. acct. * 1,300 --. + 50 Coin 340 + 4 + 1 Loans 1,018 - 111 •f 700 Acceptances—Bought outright -. _ 708 Held under repurchase agreements - 453 Federal Agency obligations--Bought outright 7,487 — - 495 Held under repurchase agreements 1/ — - 464 - 364 U.S. Government securities: - 9,809 Bought outright—Bill8 27,814 -10,316 Certificates Notes 54,662 730 +4,146 Bonds 13,357 832 + 3,959 H.4.1(a) Total bought outright 2/ Held under repurchase agreements JL/ Total U.S. Government securities Total loans and securities Cash items in process of collection (2,117) Bank premises Other assets jfy TOTAL ASSETS (2,117) 95,833 95,833 104,338 20,343 394 4,224 142,483 - 9,707 - 1,244 -10,951 -12,134 + 4,128 1 769 - 2,211 - 3,238 - 5,449 - 6,161 + 4,965 + 13 + 2,632 - 8,772 + 1>326 + 12 -10,069 141 + 3 150 + 9,192 - 6,975 - 696 + 4 + 85 -10,357 + 1,272 4156 - 8,917 762 + 298 + 1,146 LIABILITIES Federal Reserve notes Deposits: Member bank-reserves account U.S. Treasury-general account Foreign Other (6) Total deposits (6) Deferred availability cash items . (2,111) Other liabilities and accrued dividends 4/ TOTAL LIABILITIES (2,117) CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts 100,083 25,607 3,135 315 752 29 ,809 8 ,206 1;LZ.15 139,813 1,088 1,078 504 + + 1 -.. 144 - 7,582 + + + 47 49 84 Estimated (Richmond, Atlanta and San Francisco Districts). 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 $11,231 million matches sale-purchase transactions outstanding at the end of the latest statement week. Includes $105 million securities loaned-fully secured by U.S. Government securities. V 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. FEBRITAKV 21, 1Q7Q (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 981 37 1,018 Acceptances Federal Agency U.S. Government obligations securities Holdings Weekly Holdings Weekly changes changes 1,957 - 3,778 355 -341 9,474 182 - 8,650 - 23 — 26,778 + 1,373 1,154 34,181 — + 2,178 3,475 11,875 — - 2,906 1,511 -11,568 + 832 810 95,833 -10,951 7,487 -364 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON FEBRUARY 21, 1979 Total Boston New York Philadelphia Cleve- Richmond * Atlanta * (In millions of d ollars) land 1 St. Louis Chicago Minneapolis Kansas City San * Dallas Franciso 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 1/ Total U.S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets If Interdistrict settlement account TOTAL 11,544 1,300 960 67 2,729 330 698 69 921 112 974 116 518 51 1,763 215 516 55 231 28 425 48 509 57 1,300 152 340 23 23 19 41 31 41 20 24 15 42 17 44 1,018 155 88 114 30 34 26 115 66 32 61 134 163 ~~ ~*~ ~~ ~"" — ** "*"* "" ~— —— ~— "" -- •""* - • " - • " ~~ 7,487 348 -- -- 27,814 1,294 6,766 1,393 2,315 -- -- -- -- -- 54,662 13,357 2,544 622 13,297 3,249 2,738 669 95,833 4,460 23,312 4,800 -- -- 1,821 375 623 613 -- —— -— 389 992 -- -- 1,140 1,444 3,687 -- -- -7,247 1,771 1,194 -- 2,277 1,259 4,436 -- -- — -- 4,549 1,112 4,476 1,094 2,472 604 8,718 2,130 2,232 545 1,312 321 2,239 547 2,838 693 7,976 7,847 4,335 15,284 3,913 4>I,300 3,926 4/ 4,975 -12,705 -- -- .. 4 180 ~" -- -- 306 ~— 339 -" -- ~""•* —- -1,136 -- 667 — -- 307 ~"~ -- -- -- 95,833 104,338 4,460 4,963 23,312 25,221 4,800 5,289 7,976 8,629 7,847 8,494 4,335 4,700 15,284 16,593 3,913 4,285 2 ,300 2 ,512 3,926 4,294 4,975 5,498 12,705 13,860 22,460 394 4,224 -0- 704 106 153 410 4,597 10 937 + 989 860 55 206 647 1,670 23 307 - 608 2,293 80 430 + 68 2,643 22 299 -1,520 2,959 16 601 + 527 1,109 13 140 11 824 28 115 345 1,785 19 153 + 301 1,328 12 220 + 927 1,688 10 663 4- 729 6,754 22,694 6,131 3 ,408 7,067 8,568 18,446 144,600 - 6,566 34,836 - 6,549 11,095 12,486 - Estimated (Richmond, Atlanta and San Francisco 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. 2/ Net of $11,231 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $105 million securities loaned—fully secured by U.S. Government securities. 3/ Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Tic I Includes securities loaned to other Reserve Banks. * JY STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON FEBRUARY 21 , 1979 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 100,083 5,107 25,903 5,036 8,459 8,889 3,111 16,914 4,483 1,812 4,245 4,804 11,320 25,607 3,135 315 758 29,815 10,317 820 129 6 610 230 8 955 350 5,154 570 165 663 6,552 1,220 848 480 1,475 163 17 1 1,656 643 1,227 321 11 18 1,577 1,745 1,867 369 15 45 2,296 1,080 3,872 204 31 2 4,109 1,039 746 197 6 7 956 504 661 209 6 2 878 602 1,295 163 9 3 1,470 1,176 2,648 197 12 8 2,865 674 5,232 383 29 9 5,653 804 1,715 141,930 62 6,474 482 34,157 70 6,434 112 10,870 128 12,339 79 6,566 228 22,290 99 6,042 34 3,326 62 6,953 73 8,416 286 18,063 1,088 1,078 504 33 33 26 280 280 119 45 44 26 92 92 41 58 57 32 82 81 25 164 163 77 34 33 22 35 34 13 46 46 22 64 63 25 155 152 76 | 144,600 j 6,566 34,836 6,549 11,095 12,486 6,754 22,694 6,131 3,408 7,067 8,568 18,446 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 1/ TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS * 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/ * ** 106,883 5,108 27,665 5,036 8,919 9,259 4,267 18,018 4,764 1,875 4,754 5,493 11,725 11,544 1,300 872 93,167 106,883 960 67 117 3,964 5,108 2,729 330 698 69 113 4,156 5,036 921 112 30 7,856 8,919 974 116 518 51 26 3,672 4,267 1,763 215 516 55 425 48 U 0 2/ -'15,930 18,018 24 2/ -'4,169 4,764 231 28 32 1,584 1,875 509 57 116 4,811 5,493 1,300 152 138 10,135 11,725 88 2/ -24,518 27,665 27 2/ -78,142 9,259 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. Includes securities borrowed from other Reserve Banks. Less than $500,000. Estimated (Richmond, Atlanta and San Francisco Districts). 5I 2/ -4,230 4,754
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