The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
•v ^ - - ^ FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release February 23. 1978 Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U.S. Government securities-Bought outright--System account Held under repurchase agreements Special Certificates Federal Agency oblications-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 3/ Other F.R. liabilities an4 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 f igures Week ended Change from week ended Wednesday Feb. 22, Feb . 15, 1 Feb. 23, Feb. 22, 1978 1978 1978 1 1977 (In millions of dollars) - 98,517 1,028 +2 ,066 + 633 +3,464 -1,364 +1,192 + 37 137 + —— 117 -_ 135 + .. 72 7,982 - 2/ £/ 98,044 3,238 7,982 464 186 56 __ 453 442 53 160 5 406 42 318 53 4,933 2,123 115,298 11,718 1,250 11,429 139,696 -1 ,827 - 851 + 371 101,392 400 4,670 266 668 4,213 111,609 28,086 8,566 36,727 36,311 416 8 +2 ,279 - 479 +5 ,294 + 60 + 50 + 495 380 +5,900 5,100 1,973 117,572 11,718 1,250 11,432 141,972 18 7 348 29 86 260 214 +9,583 - 101 -6,291 3 + 130 + 910 +4,228 101,585 400 3,831 311 667 3,907 110,701 + 593 •1,162 - 563 - 609 + 46 +1,670 + 972 +2,570 +2,383 + 187 31,272 8,566 39,913 36,311 3,602 + - A net of $86 million of surplus reserves were eligible to be carried forward from the week ended February 15, into the week ending February 22. On February 22, 1978, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $81,340 million, an increase of $1,065 million for the week. Net of $1,870 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $1,870 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. Government securities. Net of $2,342 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which $2,342 million was with foreign official and international accounts. Includes $161 million securities loaned--fully secured by U.S. Government securities. Includes $13 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 $75 Trillion 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 Feb. 23, Feb. 15, Feb. 22, 1978 1977 1978 A S SE, T S Gold certificate account 11,718 -467 Special Drawing Rights certif. acct. -1,250 450 Coin 339 4 43 Loans 318 4- 239 - 282 Acceptances--Bought outright — -- 179 Held under repurchase agreements 453 4- 130 + 104 Federal Agency obligations—Bought outright 7,982 -+1,192 Held under repurchase agreements 1/ 464 4- 221 + 330 U.S. Government securities: Bought outright—Bills + 937 38,130 - 838 Certificates 50,516 Notes 4-1,596 9,398 Bonds +2,239 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 \j 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 _4/ Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES (1,294) (1,294) 2/ 3/ 4/ + 1 ,764 36,081 8,968 1,417 137,357 - 119 + 787 + 121 - 116 - 164 + 628 +1,441 - 315 +1,635 +8,830 +2,239 -7,947 + 89 + 116 -5,503 +2,023 + 329 +5,679 1,041 1,029 .. .- 311 667 (1,294) (1,294) + 937 + 837 +2,997 -1,086 +1,911 +3,514 +2,972 + 12 •- 753 +5,819 90,891 31,272 3,831 C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts * V 98,044 3,238 101,282 110,499 14,068 381 1,592 139,847 420 +1 ,774 4-1,926 + 170 1 + - 329 + 129 + + + 52 46 42 Figures in parentheses are the eliminations made in the consolidating process, Does not include U.S. Government and Federal Agency securities resold under matched sale-purchase transactions to foreign official and international accounts, of which $2,342 million was outstanding at the end of the latest statement week. Net of $2,342 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $161 million securities loaned-fully secured by U.S. Government securities. Includes assets denominated in foreign currencies. Includes $13 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. February 22, 1978 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) U,S. Government 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 308 10 453 318 453 Federal Agency obligations securities Weekly Holdings Holdings Weekly changes changes 594 + 330 6,007 +1 ,208 279 18,217 + 622 - 56 874 30,773 -- 4,175 29,097 -1,644 9,571 — 880 7,617 +1,774 8,446 101,282 + 330 I H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON February 22, 1978 New Total 1 Boston York Fhiladelphia Cleve- Richmond _ Atlanta (In millions of dollars) land 1 s.t. Chicago Louis Minneapolia Kansas Citv San Dallas Francisco A S S E T S 11,718 1,250 541 62 3,492 631 74 934 107 982 113 560 64 1,736 198 469 53 225 25 393 44 456 48 1,299 313 Coin 339 21 21 19 46 31 34 28 19 10 47 17 46 lOttXkB 318 56 12 26 18 45 34 52 11 10 28 5 21 — — — — 453 — -- — — — -- -— — -- — — -— — — -— -— 1,279 1,052 Gold certificate account Special Drawing Rights certif. acct. Acceptances: F^ugjit 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 50,516 9,398 2,360 Total bought outright J?/ Held under repurchase agreements 2/ Total U.S. Government securities Total loans and securities 98,044 3,238 101,282 110,499 4,581 1/ 3/ 7,982 373 1,884 426 668 653 394 339 195 320 399 464 -- 464 -- -- -- -- -- -- — — -- 38,130 1,782 9„000 2,034 3,192 3,117 1,882 6,108 1,618 1,530 1,907 -- — -' — — — — — 439 — 4,581 5,010 — 11,923 2,218 2,695 4,228 4,130 2,494 501 787 768 23,141 3,238 26,379 29,192 5,230 8,207 8,015 -- -- -- -- — 933 — 2,144 1,237 2,027 2,526 464 8,092 1,506 399 230 377 470 4,840 15,706 4,161 2,400 3,934 4,903 -- — -- -- -- -- — 5,027 — 6,660 1,239 4/ 12,926 -- 5,230 5,682 8,207 8,893 8,015 8,713 4,840 5,268 15,706 17,037 4,161 4,511 2,400 2,605 3,934 4,282 4,903 5,307 12,926 13,999 449 107 68 2,266 412 56 73 965 23 134 2,389 1,788 1,860 14 131 16 180 691 29 38 18 55 923 12 73 1,691 75 149 615 13 54 1,313 9 330 - 124 -1,029 - 422 - 188 •f 125 -1,037 425 - 317 - Ill + 354 + 233 +2,091 6,506 3,512 7,069 21,480 5,417 6,822 10,914 6,525 12,577 34,594 141,141 6,134 TOTAL matched sale-purchase transactions to foreign official and international Does not include U.S. Government and Federal Agency securities resold under accounts, of which $2,342 million was outstanding at the end of the late it statement week. Net of $2,342 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $161 million securities loaned-fully secured by U.S. Government securities. Includes assets denominated in foreign currencies. Includes securities loaned to other reserve banks. 19,591 Cash items in process of collection Bank premises Other assets 1/ Interdistrict settlement account 1/ 453 149 15,362 381 1,592 -0- j + 9 307 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON FEBRUARY 2 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 90,891 Federal Reserve notes Deposits: Member bank reserves U.S. Treasury—general account Foreign Other 2/ Total deposits Deferred availability cash items Other liabilities and accured dividends TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 4,685 23,552 4,808 7,857 8,185 3,266 15,133 3,858 1,923 3,397 3,890 10,337 777 173 7,856 1,944 198 23 2,165 590 1,387 746 15 16 2,164 1,987 1,885 240 21 53 2,199 1,112 4,516 298 42 9 4,865 921 811 135 8 * 954 477 806 151 8 2 967 519 1,542 350 12 2 1,906 1,057 2,044 273 16 11 2,344 639 6,636 814 39 18 7,507 1,068 959 354 i 552 8,777 1,263 1,068 191 12 3 1,274 275 1,417 138,651 56 6,054 354 33,946 58 6,415 92 10,704 97 12,433 70 6,647 178 21,097 47 5,336 31 3,440 43 6,403 59 6,932 332 19,244 1,041 1,029 420 32 32 16 274 267 107 44 44 22 88 87 35 55 55 34 78 78 19 158 157 68 32 32 17 31 31 10 44 43 16 59 58 20 146 145 56 141,141 6,134 34,594 6,525 10,914 12,577 6,822 21,480 5,417 3,512 6,506 7,069 19,591 2,180 4,120 Z?5W Ii,i24 225 393 44 28 3.655 456 48 5 4.409 4,120 4,918 1,299 149 19 10.757 12,224 31,272 3,831 311 ! 667 i 36,081 | ! 10,262 ; 8 j FEDERAL RESERVE AGENTS' ACCOUNTS 5,375 25,356 5,421 8,446 5T022 47435 167741 4,426 F.R. notes outstanding Collateral for F.R. notes: 1,736 469 560 631 3,492 982 934 Gold certificate account 53 64 198 74 107 113 313 Special Drawing Rights certif. acct. 11 34 48 19 26 10 39 Eligible Paper 3.777 14.759 7.386 21.541 7^88 4i°90 U.S. Government securities 25,356 5,421 8,446 9,022 4,435 16,741 4 ,42T Total collateral 1/ »«»»J.VO Banks. ow**.». 1/ After After deducting deducting $204 $zu** million minion participations participations of oi other otuw Federal r e w n i Reserve 2/ Includes $13 million of certain deposits of foreign-owned banking institutions voluntarily held with member banks "" and redeposited in full with Federal Reserve Banks. 3/ Includes securities borrowed from other reserve banks. * Less than $500,000. JM 8 2,180
@FedFRASER