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FEDERAL RESERVE -f*ZUtt& Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release January 11, 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/ NOTF.: 1/ 2/ 3/ Averages of daily figures Week ended Change from week ended Wednesday Jan. 3, Jan. 10, Jan. 11, Jan. 10, 1979 1979 1978 1979 (In millions of dollars) 1/ 104,737 -4,295 -1,274 + 5,424 322 - 3 330 112 86 - 574 124 7,892 2/ - 102,833 7,892 685 93 - 497 29 + + 243 67 759 90 11,160 4,512 128,985 11,660 1,300 11,850 153,795 +3,130 + 40 -3,805 11 -3,812 + 4,098 + 2,116 +11,235 59 + 50 + 465 +11,692 9,477 4,264 125,225 11,624 1,300 11,854 150,003 113,737 271 3,116 341 710 4,417 122,591 - 982 + 23 - 766 + 7 - 494 + 74 -2,140 +10,580 122 - 3,306 95 + 63 + 998 + 8,118 113,451 275 2,286 234 653 4,345 121,244 31,204 10,450 41,771 41,797 26 -1,673 79 -1,704 - 820 - 884 + 3,575 + 914 + 4,531 + 4,862 331 28,759 10,450 39,326 41,797 - 2,471 + -4 A net of $335 million of surplus reserves were eligible to be carried forward from the week ended January 3, into the week ending January 10. On January 10, 1979, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $96,799 million, an increase of $394 million for the week. Net of $5,517 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $2,068 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. Government securities. Net of $7,028 million matched sale-purchase transactions outstanding at the end of the latest statement week,of which $1,634 million was with foreign official and international accounts. Includes $156 million securities loaned--fully secured by U.S. Government securities. Adjusted to include $117 million waivers of penalties for reserve deficiencies 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 Jan. 11, Jan. 10, Jan . 3, 1978 1979 1979 A S S E T S - 47 95 11,624 Gold certificate account -+ 50 1,300 Special Drawing Rights certif. acct. — 17 265 Coin + 142 33 Loans 759 Acceptances--Bought outright 303 Held under repurchase agreements 112 7,892 Federal Agency obligations—Bought outright Held under repurchase agreements 1/ U.S. Government securities: -3,922 408 Bought outright—Bills 35,513 Certificates -+ 4,346 54,855 Notes — + 3,617 12,465 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 3/ TOTAL ASSETS 102,833 -- 1/ (2 131) 102,833 111,484 16,269 (2, 131) 3,868 145,206 396 -3,922 - 141 -4,063 -4,233 -4,478 42 - 153 + 8,371 -- ;jL.?09 + 8,371 + 8,226 + 3,750 + 19 + 1,848 +13,781 -1,312 -4,350 -1,292 + 9,927 + 5,641 - 3,074 36 55 7 LIABILITIES Federal Reserve notes Deposits: Member bank-reserves account U.S. Treasury-general account Foreign Other Total deposits (2 ,131) Deferred availability cash items Other liabilities and accrued dividends 4/ (2 131) TOTAL LIABILITIES C A P I T A L A C C O U N T S . Capital paid in Surplus Other capital accounts 102,137 28,759 2,286 234 653 31,932 6,792 1,956 142,817 - 101 -5,779 -1,994 + 24 -9,061 1,079 1,078 232 „ -+ 152 + 2,505 + 470 + 756 +13,658 + + + 47 49 27 * 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. Net of $7,028 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $156 million securities loaned-fully secured by U.S. Government securities. Includes assets denominated in foreign currencies. Beginning December 29, 1978, such assets are revalued as of each month end. Includes exchange-translation account reflecting, beginning December 29, 1978, the month-end revaluation of foreign-exchange commitments. 2/ _3/ 4/ MATURITY DISTRIBUTION: OF LOANS AND SECURITIES, JANUARY 10, 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 712 47 759 Acceptances U.S. Government securities Holdings Weekly changes 4,129 + 806 12,605 -5,428 28,916 + 558 31,791 + 1 -14,717 -10,675 102,833 -4,063 Federal Agency obligations Weekly Holdings changes 56 451 1,388 3,676 1,511 810 7,892 +47 -56 ----- 9 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JANUARY 10, 1979 H.4.1(b) New Total Boston York Richmond Atlanta (In millions of dollars) St. Cleve- Philadelphia land J Chicago Louis Minneapolis San Kansas City Dallas Francisco A S S E T S 11,624 1,300 960 67 2,959 598 69 921 112 974 116 518 51 1,763 215 466 55 231 28 425 48 509 57 1,300 330 Coin 265 18 19 15 33 23 30 13 21 11 39 15 28 Loans Acceptances: Bought outright Held under repurchase agreements Federal Agency obligations— Bought outright Held under repurchase agreements U.S. Government securities: Bought outright— Bills Certificates Notes Bonds 759 110 35 41 65 116 147 63 69 8 42 40 23 --- --- --- --- --- --- --- --- — -- -— --- --- — -- 7,892 367 395 657 646 357 322 190 323 410 -- -- -- — -- -- -- -- -- -- Gold certificate account Special Drawing Rights certif. acct. 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 3/ Interdistrict settlement account TOTAL 1/ -- 2,956 2,907 -- -- -- 54,855 12,465 2,553 13,344 3,032 2,747 4,492 1,021 564 8,749 1,988 2,240 624 4,565 1,037 2,481 580 509 102,833 4,785 25,015 5,150 8,558 8,420 4,652 16,401 -- -- -- -- -- -- -- 102,833 111,484 4,785 5,262 25,015 26,970 5,150 5,586 8,558 9,280 8,420 9,182 -4,652 5,156 16,401 17,723 4,199 4,590 18,400 469 106 157 2,619 907 55 176 1,011 2,462 2,325 2,338 24 290 80 250 22 290 16 576 787 13 129 486 +1,555 225 -1,299 6,553 35,421 12,862 7,093 396 3,868 -0147,337 - 1,779 -- -- -- 8,639 1,259 -- 1,652 35,513 1/ 1,920 10 959 - 758 6,648 - 411 11,260 - 1,607 5,664 -- + 248 22,892 853 1,450 -„ -- + 1,455 1,843 1,046 -4,708 1,316 299 -- -- -- 2,248 2,848 647 7,272 1,653 4,199 2 ,468 4,214 — -- -- __ -- ,468 2,666 4,214 4,579 5,338 5,788 13,633 14,702 826 29 96 353 1,434 1,096 2,126 19 146 12 208 10 591 217 +1,119 7,902 20,028 239 6,300 — 152 ~ - 3,534 511 + 154 6,844 5,338 -'13.633 + 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 $7,028 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $156 million securities loaned--fully secured by U.S. Government securities. 3/ Includes assets denominated in foreign currencies, revalued as of each month end. 4/ Includes securities loaned to other Reserve Banks. STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JANUARY 10, 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 102,137 5,233 26,300 5,118 8,536 9,095 3,516 17,072 4,538 1,843 4,275 4,850 11,761 28,759 2,286 234 653 31,932 8,923 752 155 6 925 145 9 1,079 272 1,787 219 17 1 2,024 366 1,417 213 11 7 1,648 1,855 1,936 185 15 46 2,182 1,142 4,180 195 31 4 4,410 804 1,010 164 6 913 258 6,030 271 84 572 6,957 872 1,180 439 882 85 6 2 975 604 1,201 183 9 2 1,395 1,012 1,999 191 12 9 2,211 621 6,640 280 28 10 6,958 678 1,956 144,948 72 6,476 677 34,806 78 6,547 132 11,058 131 12,729 82 6,922 245 22,531 67 6,224 39 3,461 61 6,743 82 7,764 290 19,687 1,079 1,078 232 33 33 11 280 280 55 44 44 13 92 92 18 58 57 18 80 81 10 163 163 35 34 33 9 34 34 5 46 46 9 63 63 12 152 152 37 147,337 6,553 35,421 6,648 11,260 12,862 7,093 22,892 6,300 3,534 6,844 7,902 20,028 2,332 4,754 5,646 13,242 425 231 28 48 8 34 2/ 2,065 £/4,247 2,332 45754 509 57 33 5,047 5,646 1,300 152 22 11,768 13 242 * * 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/ * 113,078 6,083 28,315 6,146 9,054 9,882 4,768 17,874 4,982 11,624 1,300 672 99,482 113,078 960 67 2,959 330 34 24,992 28,315 598 69 921 112 65 7,956 9,054 974 116 518 51 119 4,080 4,768 1,763 215 53 15,843 17,874 466 55 2/ 1 1 0 -4,946 6,083 2/ 4 1 5,438 6,146 2/ £/ 1 U 8,681 9,882 Includes exchange translation account reflecting the month-end revaluation of foreign exchange commitments. Includes securities borrowed from other Reserve Banks. Less than $500,000. 2/ £/ 42 4,419 4,982
@FedFRASER