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.•;o££2&*v 'ffuHs^' FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release February 8, 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. 7, Feb. 7, Jan. 31, Feb. 8, 1979 1979 1979 1978 (In millions of dollars) 1/104,877 671 7,487 91 +2,248 + 671 +5,257 + 147 + - 495 + 4 7,487 146 35 434 325 52 512 99 — 7,777 5,739 127,118 11,550 1,300 11,922 151,890 111,113 250 2,219 233 687 4,093 118,595 345 91 170 170 818 101 - 609 - 13 — — -3,454 + 280 - 946 - 25 + + -- 6,017 5,579 125,711 11,578 1,300 11,911 150,500 + 23 - 949 + 508 +2,717 +8,499 - 140 + 50 + 498 +8,907 110,602 250 3,667 287 811 4,153 119,769 + 50 - 11 + 190 + 31 + 22 - 505 - 224 +9,756 - 140 -4,546 4 + 9 + 524 +5,599 -- pi04,322 701 . 725 30,731 +3,308 33,295 10,691 + 888 10,691 - 334 41,553 -1,055 +4,249 44,117 41,218 -1,060 +4,284 41,218 335 + 5 - 35 2,899 A net of $82 million of surplus reserves were eligible to be carried forward from the week ended January 31, into the week ending February 7. On February 7, 1979, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $95,165 million, a decrease of $597 million for the week. Net of $1,630 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $1,630 million was with foreign official and international accounts. Includes securities loaned— fully secured by U.S. Government securities. Net of $2,042 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which $2,042 million was with foreign official and international accounts. Includes $123 million securities loaned--fully secured by U.S. Government securities. Adjusted to include $131 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) Wednesday Change since Feb. 7, Jan. 31, Feb. 8, 1979 A S S E T S 1979 1978 Gold certificate account 11,550 42 - 168 Special Drawing Rights certif. acct. -* 1,300 50 + Coin + 8r 324 16 Loans 512 -3,852 + 186 Acceptances—Bought outright 434 + + 434 434 Held under repurchase agreements - 495 7,487 20 Federal Agency obligations—Bought outright 146 + 146 + 146 Held under repurchase agreements 1/ U.S. Government securities: 37,002 +3,043 196 Bought outright—Bills Certificates -54,855 + 3,890 Notes — 12,465 + 3,516 Bonds 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 104,322 701 (1,997) 105,023 113,602 13,930 (1,997) _ 5,345 146,445 394 L I A B I t l l l l i Federal Reserve notes Deposits: Member bank-reserves account U.S. Treasury-general account Foreign Other Total deposits (1,997) Deferred availability cash items Other liabilities and accrued dividends 4/f (1,997) TOTAL LIABILITIES C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts 99,765 33,295 2,219 233 687 36,434 6,153 1,730 144,082 1,085 1,078 200 +3 ,043 + 701 +3 ,744 + 452 + 478 1 + 64 + J5J9 4- 7,602 + 701 + 8,303 + 8,574 + 172 + 14 + 2,393 +11,019 + 411 +2 ,717 -1,303 - 106 - 187 +1 ,121 - 72 + 45 +1 ,505 + 9,070 + 5,593 - 4,568 „ -- 546 38 155 + 832 + 665 + 312 +10,879 + + + 46 49 45 * Figures in parentheses are the eliminations made in the consolidating process. \j 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. Net of $2,042 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $123 milliqn securities loaned— x fully secured by U.S. Government securities. 2/ _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 of foreign-exchange commitments.. MATURITY DISTRIBUTION: OF LOANS AND SECURITIES. FEBRUARY 7f 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 Acceptances 477 35 434 512 433* Federal Agency U.S. Government obligations securities Holdings (Weekly Weekly Holdings [changes changes ^ +130 146 + 185 4,146 + 30 537 +3,430 17,799 - 34 1,154 + 129 26,109 3,475 — -31,577 -- 1,511 -14,717 810 — — 10,675 +126 7,633 +3,744 105,023 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON FEBRUARY 7, 1979 Total Boston New York CleveRichmond land Atlanta (In millions of dollars) Philadelphia Chicago St. Louis Minneapolis Kansas Citv San Dallas Francisco A £ S. E T S 11,550 1,300 960 67 2,884 330 598 69 921 112 974 116 519 51 1,763 215 466 55 231 28 425 48 509 57 1,300 152 Coin 324 22 P 18 40 29 40 18 23 12 42 17 38 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 512 74 38 50 28 35 34 95 29 22 37 39 31 Total bought outright 2/ Held under repurchase agreements 1/ Total U S Government securities Total loans and securities Gold certificate account Special Drawing Rights certif. acct. Cash items in process of collection Bank premises Other assets Interdistrict settlement account TOTAL 434 434 7,487 146 348 1,821 146 375 623 613 339 1,194 306 180 307 389 992 37,002 1,722 9,001 1,854 3,080 3,029 1,674 5,901 1,511 888 1,516 1,921 4,905 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 1,653 104,322 701 105,023 113,602 4,855 5,225 8,682 8,542 4,719 16,638 4,260 2,503 4,275 5,416 ^13,830 4,855 5,277 25,377 701 26,078 28,517 5,225 5,650 8,682 9,333 8,542 9,190 - 4,719 5,092 16,638 17,927 4,260 4,595 2,503 2,705 4,275 4,619 5,416 5,844 13,830 14,853 15,927 394 5,345 -0- 384 106 196 - 524 2,263 10 1,239 +2,281 495 55 243 - 608 803 23 395 206 2,215 80 348 - 368 2,553 22 399 -1,590 1,832 16 965 - 235 651 13 172 56 658 28 139 - 435 1,323 19 199 + 300 1,086 12 282 + 348 1,664 10 768 4- 569 148,442 6^88 37,549 6,520 11,833 12,584 7,086 22,501 6,031 3,366 6,975 8,155 19,354 + + 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 $2,042 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $123 million securities loaned--fully ~" secured by U.S. Government securities. 3/ Includes assets denominated in foreign currencies, revalued monthly. 4/ Includes securities loaned to other Reserve Banks. STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON FEBRUARY 7, 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 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 99,765 5,068 25,762 5,017 8,406 8,924 3,215 16,838 4,473 1,795 4,237 4,827 11,203 33,295 2,219 233 687 36,434 8,150 890 128 6 940 170 8 2,531 137 17 1,024 251 8,735 303 83 600 9,721 910 1,118 211 2,685 422 1,530 276 11 15 1,832 1,576 2,218 227 15 45 2,505 1,103 4,089 211 31 4 4,335 722 903 122 6 1 1,032 387 797 129 6 2 934 523 1,531 148 9 2 1,690 887 2,349 171 12 8 2,540 576 6,782 197 29 10 7,018 582 1,730 146,079 68 6,411 554 36,947 75 6,421 122 11,635 126 12,458 87 6,910 253 22,148 62 5,954 38 3,290 59 6,873 77 8,020 209 19,012 1,085 1,078 200 33 33 11 280 280 42 45 44 10 92 92 14 58 57 11 81 81 14 164 163 26 34 33 10 35 34 7 46 46 10 63 63 9 154 152 36 148,442 6,488 37,549 6,520 11,833 12,584 7,086 fc 22,501 6,031 3,366 6,975 8,155 19,354 2,316 4,892 5 ,724 13,157 231 425 28 48 21 31 2/ 2,036 -'4,388 2,316 4,892 509 57 33 5 ,125 5 ,724 1,300 152 29 11,676 13,157 * 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/ * 113,384 5,995 28,655 6,160 9,065 9,784 4,696 17,980 4,960 11,550 1,300 465 100,069 113,384 960 67 2,884 330 598 69 974 116 38 2/ -25,403 28,655 50 2/ -75,443 6,160 519 51 34 4,092 4,696 1,763 215 82 15,920 17,980 466 55 2/ 6 8 -4,900 5,995 921 112 28 8,004 9,065 28 2/ -78,666 9,784 Includes exchange translation account reflecting the monthly revaluation of foreign exchange commitments. Includes securities borrowed from other Reserve Banks. Less than $500,000. 23 2/ -'4,416 4,960
@FedFRASER