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i,' - . * • 1*. • FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release January 4, 1979 H.4.1 Member fcank reserves, Reserve Bank credit, and related items Reserve Bank credit: U.S. Government securitiesBought outright—System account Held under repurchase agreements Federal Agency obligations— Bought outright Held under repurchase agreements AcceptancesBought 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 CurrenQy in-circulation ** Treasuty 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: U 2/ 3/ * ** Averages of daily figures Week ended Change from week ended Wednesday Jan. 3, Dec. 27, I Jain. 4, Jan. 3, 1979* 1978 1978 1979* (In millions of dollars) -1109,032 1,274 +1,657 + 814 7,895 330 + 1 14 574 + 464 1,182 - 231 122 9 8,420 4,491 133,199 11,671 1,300 11,846 158,016 - 922 + 18 +1,814 + 43 114,695 + 318 + 30 -1,070 + 14 + 587 275 3,882 334 1,207 4,477 124,871 33,146 10,529 43,744 42,617 1,127 — + 2 +1,859 + 8,128 - 1,366 P / 106,755 141 109 171 7,892 9 327 303 - + + 676 91 + 4,135 + 2,050 +13,015. 47 + 50 + 495 +13,515 617 108 11,987 4,545 132,253 11,671 1 1,300 11,847 157,071 +10,818 117 - 3,005 114,780 32 270 772 - 190 + 55 + 1,071 + 8,791 +2,050 + 253 +2,300 +1,221 +1,079 + + + + + 71 1 4,724 1,108 5,842 5,002 840 275 3,578 4,287 | 123,962 33,109 10,529 43,707 42,617 1,090 A net of $3 million of surplus reserves were eligible to be carried forward from the week ended December 27, 1978, into the week ending January 3, 1979. On January 3, 1979, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $96,405 million, an increase of $1,260 million for the week. Net of $2,073 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $1,778 million was with foreign official and international accounts. Includes securities loaned— fully secured by U.S. Government securities. Net of $4,246 million matched sale-purchase transactions outstanding at the end of the latest statement week,of which $2,175 million was with foreign official and international accounts. Includes $182 million securities loaned--fully secured by U.S. Government securities. Adjusted to include $69 mLllion waivers of penalties for reserve deficiencies in accordance with Board policy effective November Vj, 1975. Er.timated (Richmond, Atlanta, and San Francisco Districts). Estimated (Treasury's figures). H.4.lCa> CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Jan. 3, 1979** A S S E T S Gold certificate account 11,671 Special Drawing Rights certif. acct. * 1,300 Coin 265 Loans 617 Acceptances--Bought outright Held under repurchase agreements 303 Federal Agency obligations—Bought outright 7,892 Held under repurchase agreements U 9 U.S. Government securities: Bought outright—Bills 39,435 Certificates Notes 54,855 Bonds 12.465 Total bought outright 2/ Held under repurchase agreements JL/ Total U.S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets J1/ TOTAL ASSETS 106,755 141 Change since Dec. 27, Jan. 4, 1978 1978 + 50 -2,494 - 479 - -1,260 - 321 112 217 -2,828 - 2.050 •• — + 4,346 +3.617 -2,828 -1,915 -4,743 -8,642 +5,278 + 5,913 869 + 5,044 + 3,915 + 7,992 + 17 + 2.144 +14,059 (1,976) 106,896 115,717 21,098 394 4 (1,976) 4,155 154,600 68 -3,442 103,473 33,109 3,578 270 772 (1,976) */ (1,976) C A P I T A L A C C O U N T S Capital paid In Surplus Other capital accounts * 1/ 2/ V 4/ 141 4 i 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 37,729 9,111 2,064 152,377 1,079 1,078 66 j --6 11 1 1 - 419 -4,145 + 38 15 + 159 -3,963 +1,357 + 118 -2,907 + + - 48 1 49 585 +10,240 + 5,225 - 3,212 106 + 3? + 1,942 + 896 + 896 +13,974 + + 49 49 13 Figures in parentheses are the eliminations made in the consolidating process. Estimated (Richmond, Atlanta and San Francisco Districts). 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 $4,246 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $182 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. MATURITY DISTRIBUTION: OF LOittiS AND SECURITIES. JANUARY 3, 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 585 32 617 Acceptances 303 303 U.S. Government securities Holdings Weekly changes 3,323 -3,592 18,033 - 146 28,358 -1,187 31,790 + 182 14,717 -10,675 — 106,896 -4,743 Federal Agency obligations Weekly Holdings changes 9 507 1,388 3,676 1,511 810 7,901 -1,344 + 25 + 102 47 + 50 50 -1,264 H.4.1(b) STATEMENT.' OF CONDITION OF EACH FEDERAL RESERVE BANK ON JANUARY 3, 1979 — Total Boston New York Phila- CleveRichland mond * Atlanta* (In millions of dollars) delphia St. Chicago Louis Minneapolis Kansas City San *~" Dallas Francisco A S S E T S 11,671 1,300 760 67 3,206 330 598 69 921 112 974 116 518 51 1,763 466 55 231 28 425 48 509 57 1,300 215 Coin 265 17 19 15 32 23 30 12 21 11 38 16 31 Loans Acceptances: Bought outrigh". Held under repurchase agreements Federal Agency obligations— Bought outright Held under repurchase agreements J7 U.S. Government securities: Bought outright— Bills Certificates Notes Bonds 617 47 90 68 29 21 118 85 34 8 26 82 9 -- --- -- 303 303 --- --- --- --- --- -— --- _. -- --- --- 7,892 36 7 657 646 357 322 190 32? 410 -- 1,920 9 395 9 -- -- -- -- -- -- -- -- -- 9,594 1,975 3,282 3,229 2,047 5,228 -- -- Gold certificate account Special Drawing Rights certif. acct. Total bought outright ZJ Held under repurchase agreements 1/ 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/ 3/ 4/ * 39,435 1,835 -- 1,784 -- -- -- 54,855 12,465 2,553 13,344 3,032 2,747 6 24 4,565 1,037 4,492 1,021 2,481 106,755 4,968 25,970 141 _26 J jU__ 28,433 5,346 8,884 8,742 580 141 -- 1062.896 115,717 4,968 5,382 23,074 706 106 153 499 4,014 10 809 +2,433 7,690 39,254 394 4,155 -0156,576 + 1,259 -6,289 947 1,610 -- -2,240 564 8,749 1,988 4,829 17,026 1,615 -- 152 1,046 -- -- -- 1,316 2,248 509 299 511 2,848 647 7,272 1,653 4,359 2,562 4,374 5,542 -114,153 -- -- -- -- -- -- -- -- -- 5,346 5,809 8,884 9,570 8,742 9,409 4,829 5,304 17,026 18,370 4,359 4,715 2,562 2,760 4,374 4,723 5,542 6,034 14,153 15,208 898 55 264 1,475 2,607 2,221 2,766 1,053 1,100 L,874 1,484 2,876 23 317 80 272 21 311 16 721 13 129 29 125 19 161 12 203 10 690 244 -1,399 172 +1,089 13,237 7,057 - 922 6,786 - 378 12,072 - - 654 23,209 -- + 155 6,607 - 424 3,860 _+ 17 _ 7,305 8,143 21,356 Does not include U.S. Government and Federal Agency securities resold under matched sale-purchase transactions to foreign official and interna; ional accounts, of which $-0- million was outstanding at the end of the latest statement week. Net of $4,246 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $182 million securities loaned--fully secured by U.S. Government securities. Includes assets denominated in foreign currencies, revalued as of each month end. Includes securities loaned to other Reserve Banks. Estimated (Richmond, Atlanta and San Francisco Districts.) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JANUARY 3, 1979 11.4.1(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 notas 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 103,473 5,292 26,537 5,174 8,568 9,201 3,733 17,138 4,542 1,852 4,316 4,940 12,180 33,109 3,578 270 772 37,729 11,087 1,637 319 6 829 180 9 1,962 293 9,173 392 119 673 10,357 1,099 1,018 423 2,301 354 17 1 2,673 514 1,497 360 11 15 1,883 1,874 1,887 246 15 50 2,198 861 4,180 408 31 3 4,622 861 1,077 286 6 3 1,372 556 989 190 6 3 1,188 711 1,327 300 9 2 1,638 1,191 1,994 312 12 6 2,324 666 6,218 231 29 16 6,494 2,038 2,064 154,353 74 7,621 682 38,675 77 6,692 127 11,882 162 13,120 100 6,892 252 22,873 67 6,537 39 3,790 65 7,21C 82 8,012 337 21,049 1,079 1,078 66 33 33 3 280 280 19 44 44 6 92 92 6 57 57 3 81 81 3 163 163 10 34 33 3 34 34 2 46 46 3 63 63 5 152 152 3 156,576 7,690 39,254 6,786 12,072 13,237 7,057 23,209 6,607 3,860 7,305 8,143 21,356 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/ 6 ,064 28,281 6,160 9,065 9,906 4,786 17,708 4,888 2,336 4,772 5,677 13,235 11,671 760 1,300 67 536 46 2/ 5 ,191 99,371 112,878 6 064 3,206 330 90 24,655 28,281 598 69 921 112 29 974 116 518 51 92 1,763 466 55 29 231 28 8 425 48 19 509 57 64 1,300 215 74 4,125 4,786 15,656 17,708 4,338 4,888 2,069 2,336 4,280 4,772 5,047 5,677 11,775 13,235 112,878 Includes exchange translation .in - v. '.. i-,:.r'.: *-ur TV<Includes securities borrowed from other Keserve Banks. Estimated (Richmond, ALlanLa and San Fiaiicisco Districts). 9 / 62 -'5,431 6,160 8,003 9,065 15 2/ -'8,801 9,906 f r^r ~ l,-:r" oxch.nr.cv' comji tyrant s . 152 8
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