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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release January 25, 1979 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Jan. 24, Jan. 24, Jan. 17, Jan. 25, and related items 1979 1978 1979 1979 Reserve Bank credit: (In millions of dollars) U.S. Government securities-1/ Bought outright—System account -1 105,724 104,725 -2,406 + 5,079 Held under repurchase agreements 64 Federal Agency obligations-Bought outright 115 7,889 7,886 Held under repurchase agreements 6 Acceptances— Bought outright Held under repurchase agreements 31 Loans-Total member bank borrowing 924 + 332 1,081 + 27 Includes seasonal borrowing of: 105 + 69 105 — Other borrowing Float 9,860 + 440 9,392 + 2,719 Other F.R. assets 4,349 37 + 1,522 4,394 Total Reserve Bank credit 127,747 + 9,436 -1,979 128,477 Gold Stock 11,608 1 111 11,608 Special Drawing Rights certif. acct. 1,300 1,300 + 50 — Treasury currency outstanding + 11 11,875 11,882 + 479 152,530 + 9,854 153,267 -1,969 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/ 111,437 250 3,420 269 858 4,593 120,827 -1,162 + 3 + 118 8 + 72 + 103 - 874 +10,264 147 - 4,790 14 108 + 840 + 6,044 31,704 11,169 42,997 42,991 6 -1,094 - 833 -1,920 -1,464 - 456 + + + + 3,811 1,050 4,906 5,215 309 111,157 250 3,432 291 853 4,596 120,579 32,688 11,169 43,981 42,991 990 NOTE: A net of $160 million of surplus reserves were eligible to be carried forward from the week ended January 17, into the week ending January 24. On January 24, 1979, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $95,794 million, a decrease of $938 million for the week. J7 Net of $3,334 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $1,542 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. Government securities. 2/ Net of $1,652 million matched sale-purchase transactions outstanding at the end of the latest statement week,of which $1,652 million was with foreign official and international accounts. Includes $95 million securities loaned--fully secured by U.S. Government securities. 3/ Adjusted to include $124 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) Change since Wednesday Jan. 24, Jan. 17, Jan. 25, 1979 1979 1978 ASSETS -11,608 111 Gold certificate account -1,300 + 50 Special Drawing Rights certif, acct. + 305 21 17 Coin 1,081 - 1,251 - 966 Loans Acceptances—Bought outright -_. 214 Held under repurchase agreements 7,886 6 118 Federal Agency obligations--Bought outright --40 Held under repurchase agreements \J U.S. Government securities: + 430 38,404 +3,351 Bought outright—Bills Certificates 54,855 + 3,890 Notes + 3,516 12,465 Bonds H.4.1(a) 105,724 +3,351 (2,338) 105,724 114,691 15,918 395 3,999 148,216 +3,351 +2,379 -6,393 1 - 283 -4,277 + 7,836 449 + 7,387 + 5,764 + 2,641 + 16 + 1,682 +10,025 Federal Reserve notes Deposits: Member bank-reserves account U.S. Treasury—general account Foreign Other Total deposits (2,338) Deferred availability cash items Other liabilities and accrued dividends 4/ (2,338) TOTAL LIABILITIES 99,830 32,688 3,432 291 853 37,264 6,526 1,875 145,495 -1,122 -2,037 + 371 25 + 141 -1,550 -1,659 - Ill -4,442 + + + + + + + 9,434 5,671 6,409 29 213 496 365 527 9,830 + + + + 50 49 96 Total bought outright 2/ Held under repurchase agreements J7 Total U.S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets V TOTAL ASSETS (2,338) LIABILITIES CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts * 1,085 1,078 558 + 3 -162 Figures in parentheses are the eliminations made in the consolidating process. JL/ 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 $1,652 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $95 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 as of each month end. 4/ Includes exchange-translation account reflecting, beginning December 29, 1978, the month-end revaluation of foreign-exchange commitments. MATURITY DISTRIBUTION: OF LOANS AND SECURITIES. JANUARY 24, 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 1,061 20 1,081 Acceptances U.S. Government securities Holdings Weekly changes 2,914 + 603 18,325 +3,608 27,302 - 860 31,791 --14,717 -10,675 105,724 +3,351 Federal Agency obligations Holdings Weekly changes -56 17 +60 494 1,369 -19 3,685 + 9 -1,511 -810 7,886 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON New Total Boston York JANUARY 24, 1979 St. Cleve- Philadelphia Richmond Atlanta (In millions of dollars) land 1 Chicago Louis Minneapolis San Kansas City 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 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 31/ Interdistrict settlement account TOTAL 1/ 1/ 11,608 1,300 960 67 2,943 598 69 921 112 974 116 518 51 1,763 215 466 55 231 28 425 48 509 57 1,300 330 305 20 22 17 38 27 37 15 23 12 42 17 35 1,081 69 194 121 59 137 125 90 101 13 46 62 64 --- -— — — — — — -- --- — -- — -- --- --- -"" -._ "" -- 7,886 367 1,918 656 646 357 322 189 323 409 -- -- -- — -- -- — -- -- -- — — 38,404 1,787 9,343 1,924 1,738 1,573 1,993 5,091 395 3,197 3,144 -- -- -- -- -- -- 54,855 12,465 2,553 2,747 624 4,565 1,037 4,492 1,021 2,481 580 13,344 3,032 105,724 4,920 25,719 5,295 8,799 -- -- -- -- -- 105,724 114,691 4,920 5,356 25,719 27,831 5,295 5,811 18,256 488 106 177 2,288 767 55 186 545 +3,412 6,629 37,771 395 3,999 -0150,554 - 10 935 - 542 6,961 1,258 -- 1,568 922 -- -- -- 2,240 564 8,749 1,988 8,657 4,783 16,861 -- -- 8,799 9,514 8,657 9,440 4,783 5,265 16,861 18,209 4,317 4,740 1,107 2,098 2,137 2,535 1,088 23 316 80 280 22 344 16 580 13 131 321 -1,173 -1,071 12,694 7,201 22,262 - 215 11,816 - --.- 6,124 -- -- 1,316 2,248 2,848 509 299 511 647 4,317 2,537 4,332 — - 325 6,191 -- 152 1,046 — 7,272 1,653 5,488 ^14,016 -- -- -- 2,537 2,739 4 ? 332 4,701 5,488 5,959 14,016 15,126 757 29 105 2,009 1,188 1,794 12 216 10 581 414 19 148 39 3,487 7,353 - + 503 8,461 + 730 19,728 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 $1,652 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $95 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 24, 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 • < 99,830 5,081 25,814 4,988 8,361 8,878 3,368 16,826 4 ,'448 1,790 4,215 4,823 11,238 32,688 3,432 291 853 37,264 8,864 898 234 6 1 1,139 248 8,426 468 141 756 9,791 821 1,016 271 8 2,412 234 17 1,295 484 2,663 437 1,561 222 11 19 1,813 1,719 2,196 263 15 49 2,523 1,015 3,817 231 31 7 4,086 698 970 123 6 1 1,100 493 885 113 6 2 1,006 573 1,517 350 9 2 1,878 1,086 2,425 361 12 7 2,805 594 6,565 562 29 9 7,165 696 1,875 147,833 68 6,536 650 37,076 75 6,842 125 11,586 124 12,534 109 7,015 238 21,848 61 6,102 37 3,406 61 7,240 84 8,306 243 19,342 1,085 1,078 558 33 33 27 280 280 135 45 44 30 92 92 46 58 57 45 81 81 24 164 163 87 34 33 22 35 34 12 46 46 21 63 63 29 154 152 80 150,554 6,629 37,771 6,961 11,816 12,694 7,201 22,262 6,191 3,487 7,353 8,461 19,728 .* 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 113,806 6,031 28,658 6,163 9,078 9,870 4,881 18,041 4,963 2,317 4,789 5,756 13,259 11,608 1,300 960 67 2,943 598 69 921 112 59 974 116 132 518 51 97 1,763 466 55 231 28 13 425 48 38 509 57 56 1,300 7,986 9,078 8,648 9,870 4 ? 215 4,881 15,981 18,041 2,045 2,317 4,278 4,789 5,134 5,756 11,747 13,259 66 330 126 4,938 6,031 25,259 28,658 924 2/ £/ 99,974 113,806 2/ ZJ 121 5,375 6,163 1_/ 2/ Includes exchange translation account reflecting the month-end revaluation of foreign exchange commitments. Includes securities borrowed from other Reserve Banks. * T.ess t-b.an SSQD OOQ- 215 82 £2/ / 74 4,368 4,963 152 60
@FedFRASER