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FEDERAL RESERVE •f*4LRES*V Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release January 26, 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 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 4/ Other F.R. liabilities and capital Member bank reserves: With Federal Reserve Banks Currency and coin Total reserves held 5/ Required reserves Excess reserves 5/ Averages of daily figures Week ended Change from week ended Wednesday Jan. 25, Jan. 25, Jan. 18, Jan. 26, 1978* 1978* 1978 1977 (In millions of dollars) 1/ 99,646 64 8,004 6 - 31 591 34 + + 459 313 + 5,618 - 808 g/3/97,888 449 109 + 1,214 58 8,004 40 81 194 99 214 502 25 2,332 36 6,646 2,689 118,262 11,719 1,250 11,398 142,629 101,068 400 9,841 262 640 3,861 116,072 173 9 + + 7,238 2,826 118,405 11,719 1,250 11,396 142,770 +1,587 + 269 +1,066 +1,070 + t+ ,253 654 + <),773 61 + 50 + + 496 +10,380 101,170 400 8,210 283 966 3,752 114,780 - 966 + 3 +2,953 22 + 207 + 142 +2 ,315 + 9,371 51 - 420 55 + 216 + 451 + + 9,623 27,989 10,131 38,190 37,787 403 -1 ,245 - 546 -1,791 -1,769 22 '+ 756 26,557 + 1,319 10,131 + 1,997 36,758 + 2,018 37,787 21 - 1,029 NOTE: A net of $87 million of surplus reserves were eligible to be carried forward from the week ended January 18, into the week ending January 25. On January 25, 1978, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $79,725 million, an increase of $20 million for the week. 1/ 2/ 3_/ 4/ 5/ * ** Net of $3,516 million, daily average, matched sale-purchase transactions outstanding during the statement week. Excludes $5,190 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. Includes $144 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes $14 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 $70 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. Estimated (Cleveland District). Estimated (Treasury1s figures). CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Change since Wednesday J a n . 26, Jan. 25, J a n . 18, 1977 1978** A S S E T S 1978 11,719 + 61 Gold certificate account 1,250 + 50 Special Drawing Rights certif. acct. 322 + 19 59 Coin 2,332 +1,778 +1,849 Loans v- v - 193 Acceptances--Bought outright 214 54 Held under repurchase agreements 8,004 +1,2.14 Federal Agency obligations—Bought outright 40 - 159 - 178 Held under repurchase agreements U.S. Government securities: 37,974 -1,701 -2,284 Bought outright--Bills Certificates 50,965 +2,364 + 456 Notes +2,176 8,949 Bonds + 101 H.4.1(a) Total bought outright 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 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 */ Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES C A P I T A L 1/2/ (1,656) (1,656) 1/ 2/ 3/ 4/ -1,727 + 106 -1,621 21 -1,421 + 1 + 210 -1,212 +2,839 -1,911 + 928 +3,585 +4,559 + 13 -1,340 +6,869 90,392 26,557 9,841 - 820 -3,341 +3,686 + 9 +8,726 -2,440 - 442 + 9 262 640 (1,656) (1,656) 1 82 + 353 - 940 + 63 -1,344 -2,955 + 653 + 315 +6,739 1,035 1,029 + 462 + + + + 37,300 6,051 1,335 135,078 ACCOUNTS. Capital paid in Surplus Other c a p i t a l accounts * 97,888 449 98,337 108,927 12,697 379 2,310 137,604 3 -129 51 46 33 Figures in parentheses are the eliminations made in the consolidating process. Estimated (Cleveland District). Excludes $5,190 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. Includes $144 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes assets denominated in foreign currencies. Includes $14 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, January 25, 1978 (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 2,324 214 2,332 214 U.S. Government securities Holdings Weekly changes +1,461 4,073 15,752 -3,491 33,336 91 27,532 + 311 10,477 + 89 7,167 + 100 98,337 -1,621 Federal Agency obligations Holdings Weekly changes -230 105 354 + 6 886 + 59 4,175 + 65 - 25 1,623 901 - 53 8,044 -178 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON January 25, 1978 New Philadelphia CleveRichland mond Atlanta (In millions of dollars) St. San Chicago Louis Minneapolis 560 64 1,736 469 53 225 25 393 44 456 48 1,299 198 30 32 27 21 11 47 15 37 100 151 12 183 41 3 20 10 18 --- -_ -- — -- -— --- --- --- --- --- --- 1,889 427 670 655 395 1,282 340 196 321 400 1,055 40 -- -- — -- — -- -- -- -- -- 1,775 8,963 2,026 3,179 3,104 1,875 6,083 1,611 930 1,523 1,899 -- -- -- -- -- -- -- -- -- _- 50,965 8,949 2,381 2,719 4,266 4,167 2,516 2,548 749 732 442 380 1,248 219 2,045 477 8,164 1,434 2,163 418 12,029 2,112 359 447 6,719 1,180 97,888 4,574 23,104 5,222 8,194 8,003 4,833 15,681 4,154 2 ,397 3,927 4,894 4/ 12,905 Total Boston 11,719 1,250 541 62 3,492 313 632 74 934 107 982 113 322 19 22 17 44 2,332 192 1,560 42 -- --- -- 214 214 8,004 374 40 -- 37,974 -- York 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 J./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 \j 27 _3/ 4/ *' .- 5,006 _. 449 -_ 449 -- -- _- -_ -» _- -- -- -_ -- 98,337 108,927 4,574 5,140 23,553 27,256 5,222 5,691 8,194 8,964 8,003 8,809 4,833 5,240 15,681 17,146 4,154 4,535 2 ,397 2 ,596 3,927 4,268 4,894 5,304 12,905 13,978 14,353 378 107 104 2,154 405 56 167 639 23 169 1,621 1,614 1,709 2,328 14 242 16 304 18 107 12 109 9 299 604 - 595 65 - 105 -1,087 576 29 55 17 1,028 73 182 712 13 86 1,189 9 486 + 579 + 542 - 3,534 6,645 7,514 17,900 379 2,310 -0- - 49 + + + 208 + 20 6,679 11,705 34,336 21,344 5,909 10,945 6,302 6,447 TOTAL 139,260 Excludes $5,190 million of securities sold, and scheduled to b e bought back, under matched sale-purchase transactions. Includes $144 m i l l i o n securities loaned--fully secured b y U.S. Government securities pledged with Federal Reserve B a n k s . Includes assets denominated in foreign currencies. Includes securities loaned to other reserve banks. Estimated (Cleveland District). 149 ± 199 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JANUARY 25, 1978 H.4.1(c) Total Boston New York Philadelphia Cleveland * Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco (In millions o f 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 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 90,392 4,619 23,511 4,772 7,869 8,100 3,113 15,146 3,821 1,954 3,352 3,860 10,275 26,557 9,841 262 640 37,300 7,707 722 542 8 3 1,275 269 6,311 1,998 1/ 57 531 8,897 994 654 644 12 1 1,311 191 1,595 858 23 1 2,477 290 1,311 585 15 19 1,930 1,272 1,747 644 21 52 2,464 862 4,068 797 42 4 4,911 716 848 732 9 ** 1,589 366 761 258 8 2 1,029 446 1,404 844 12 2 2,262 880 1,947 944 16 5 2,912 546 5,189 995 39 20 6,243 875 1,335 136,734 55 6,218 283 33,685 59 6,333 94 10,730 256 11,558 64 6,503 181 20,954 49 5,825 33 3,462 47 6,541 57 7,375 157 17,550 1,035 1,029 462 32 32 20 272 267 112 44 44 26 87 87 41 55 55 37 77 78 21 158 157 75 32 32 20 31 31 10 44 43 17 58 58 23 145 145 60 139,260 6,302 34,336 6,447 10,945 11,705 6,679 21,344 5,909 3,534 6,645 7,514 17,900 FEDERAL RESERVE AGENTS' ACCOUNTS 9,074 4,439 16,466 4,316 2,182 F.R. notes outstanding 5,393 25,268 5,431 8,460 102,112 4,839 12,259 3,985 Collateral for F.R. notes: 456 1,736 1,299 982 560 225 393 469 3,492 934 632 541 11,719 Gold certificate account 48 198 149 44 113 64 53 25 313 107 74 62 1,250 Special Drawing Rights certif. acct, 10 16 14 12 181 41 3 149 99 1,560 42 2,317 19 Eligible Paper 3/ ° 19,903 4,325 10,795 3,534 3,803 3,753 1,929 7,830 14,351 7,320 -4,600 4,683 86,826 U.S. Government securities 12,259 4,839 9,074 4,439 16,466 4,316 2,182 3,985 8,460 5,393 25,268 5,431 102,112 Total collateral \J After deducting $205 million participations of other Federal Reserve Banks. 2/ Includes $14 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. * Estimated (Cleveland District). ** Less than $500,000.
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