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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release July 2 0 , 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 cert if. «icct. Treasury currency outstanding Currency in circulation «*••• Treasury cash holdings •'••Treasury deposits with F.R. Banks Foreign deposits with F.R, Banks 3/ Other deposits with F.R. Eanks Other F.R. liabilities and capital Member bank reserves: With Federal Reserve Banks Currency and coin 4/ Total reserves held Required reserves Excess reserves 4/ NOTE: _1/ 2/ 3/ Averages of daily figures Week ended Change from week ended Wednesday July 19, July 2 0 , July 12, July 19, 1978* 1.978 1977 1978* (In millions of dollars) -''l08,162 1,933 +1,452 +1,710 269 29 264 66» 685 4 + 1,183 + 73 5,274 144 - J,770 432 740 +15,758 + 50 + 462 +16,356 5,756 2,799 135,58-5 11,693 1,250 11,622 160,151 .722 61 + 3 ,681 74 363 676 +13,583 10 7,308 370 10,201 263 645 4,167 122,954 37,198 665 291 + 1,589 + + 107,320 366 10,464 256 662 108,017 3,598 8,168 1,306 + 5,307 2,672 128,867 11,693 1,250 11^613 153,423 2/ 745 677 8,168 745 134 +11,654 + 1,572 + 53 +3 ,063 - 11 ... 6 +T,058 _ f - 2°8 2 47 43 6.5 226 + + + B'6 4,004 123,079 + 30,344 9,084 "39,494 39,145 34 9 +3 282 + 2,775 676 +2~~605 ±JJL?35 - 22.4 +2 •i95 + 510 + 3,975 + :,83P + 137 467348 39,145 7,203 A net of $51 million of deficit reserves were eligible to be carried forward from the week ended July 12, into the week ending July 19. On July 19, 1978, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official, and international accounts were $86,804 million, a decrease of $190 million tor the wtiek. Net of $1,269 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, ol which $1,269 million was with foreign official and international accounts. Includes securities loaned--fully secured by r.S. Government, securities. Net of $1,551 million matched sale-purchase transact ions. outstanding at. the ead of tho latest statement week or which $ • .551 mi II: jr. was WLth foreign, official and international accounts. Includes ?89 million securities loanedfully secured by U.S. Government securities. Includes $19 million of certain deposits of foreign-owned banking institutions voiuiit-iri ly held with member banks and redeposi tvd in : federal Restir-.'e Banks. 2ficiencieJ Adjusted LO include ,s>66 million waivers jf penalties for rcsci" in accordance with Bo-ird policy effective November 19, L975. Estimated (Philadelphia and Richmond Di str ic-rs^ „ r;sti::=ated (Treasure's figurey). Or CONL'3 Vi"CN Of ALL H-Di'.-'.,; .i mi 11 ion& of dio\ i a r s') Wecne. J u i v 19, 1978** A S :i K T S • Joi.d certificate account Special. Drawing Ri^his cert if. acct. Coin L'rins Ac ce p tance s - -Bough L ou t r i gh t Held under repurchase agreements Federal Agency obligations--Bought outright Held under repurchase agreements 1/ U.S. Government securities: Bought o u t r i g h t — B i l l s Certificates Notes Bond s Total bought outright 2/ Held under repurchase agreements \j 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 T . L I T I . E S Federal Reserve n o t e s Deposits: Member b a n k - r e s e r v e s a c c o u n t U.S. T r e a s u r y — g e n e r a l account Foreign Other y Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LI ABILITIES 11,693 1,230 263 (2,113) (2,118) C A M T A L A C C O U N T S , Capital paid in Surplus Other car.it al accounts 1/ 2/ 3/ 4/ 1 I - Chanp.c slnjc^ u l y 1 2 , T ~" u l y 2 0 , 1978 1977 2 1 + 663 8, 168 L, 306 + 511 + 745 44,238 + -" (2,118) .! •38 30 89 + 5,054 25 + 482 + 745 + 833 S , Z/-T (2,118) I + -- 4 +4,175 -- -- + 263 + .5,683 -- 52,997 10,782 __ --- + + 3,909 2,534 108,017 3,598 111 , 6 1 5 127 ,031 12 ,008 390 ^409 155,044 + 263 +2,036 +2 , 2 9 9 +7 , 7 3 0 - 773 + 3 + 168 +7,130 +12,126 + 1,071 + 1 ,197 i +2(T,286 972 + 18 + - J_,L 459 +19,866 96,318 37,198 10,201. 263 645 48 ,307 6 ,2.52 I ,6^1 152,528 - 596 +8,084 - 361 + 37 65 +7,695 - 206 + 83 +6,976 + 9,127 + 8,227 4 2,981 + 16 - 1,222 +10,002 47 +_ 616 +19,698 _L 1,058 1,029 4 29 + + 153 -- 54 46 68 Figures in parentheses are the eliminations made in the consolidating process. •L S t 1 Ilia C v.: d ( P h i l a d e l p h i a and Richmond D i s t r i c t s ) . 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 $1,551 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $89 million securities loaned-fully secured by U.S. Government securities. Includes assets denominated in foreign currencies. Includes $ L9 '.nillion of certain deposits of foreign-owned 'ranking institutions voluntarily held with member banks and redeposited in full with Federal Reserve Banks. MATURITY DISTRIBUTION' OF LOANS AND SEClttl'fIES . July 19, 1.978 (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 yeais Over 5 years to 10 years Over 10 yearn Total Acceptances 5,242 32 668 5,274 668 U.S. Government securities Holdings Weekly changes 7,7^9 +2 ,222 2! ,702 + 1 ,092 -1 ,015 .30.5 37 30,785 -.. 11,849 -8,993 -+2 ,299 111,615 Federal Agency obligations Weekly Holdings changes + 784 1,37 3 230 - 39 1,483 -3,886 .... 1 ,63.i -871 -9>74 +745 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 19, 1978 Total Boston New York Philadelphia* RichCleveAtlanta land | mond* (In millions of dollars) Chicago St. Louis Minneapolis Kansas City San Dallas Francisco. A S S E T S Gold certificate account Special Drawing Rights certlf. acct. Coin 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 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 3/ Interdistrict settlement account TOTAL 1/ 2/ 3/ 11,693 1,250 660 62 3,328 313 598 74 921 107 974 113 518 64 1,763 198 466 53 231 25 425 44 509 48 1,300 149 263 14 18 9 39 22 22 21 20 8 45 13 32 5,274 202 2,651 193 21 220 207 766 202 61 190 246 315 -- --- -668 -— --- --- -— — -- --- --- --- --- --- 680 668 8,168 1,306 380 1,987 1,306 409 669 369 1,303 333 196 335 424 1,083 -- -- — -_ -- -- -- -- -- -- -- 44,238 2,059 10,762 2,215 3,682 3,622 2,001 7,056 1,807 1,061 1,812 2,296 -- -- ._ ._ -. -- -- — -- -- 52,997 10,782 2,466 502 12,892 2,623 2,655 540 4,411 897 4,340 883 2,397 488 8,452 1,719 2,164 440 1,272 259 108,017 3,598 111,615 127,031 5,027 26,277 3,598 29,875 36,487 5,410 8,990 8,845 4,886 17,227 4,411 2,592 — -- -- -- — — -- -- 5,410 6,012 8,990 9,691 8,845 9,734 4,886 5,462 17,227 19,296 4,411 4,946 2,592 2,849 4,425 4,950 5,607 6,277 14,320 15,718 173 1,850 10 610 -3,179 389 56 110 - 204 748 23 223 + 415 1,841 81 175 - 108 1,568 18 134 - 263 1,866 16 308 •f 746 668 13 87 + 86 812 29 68 - 119 1,152 19 90 + 62 833 10 124 + 628 1,978 9 373 + 1,763 7,152 39,437 7,044 12,167 12,832 7,523 24,214 6,339 3,903 6,787 8,442 21,322 -5,027" 5,609 14,126 390 2,409 1 -0+ 157,162 421 106 107 5,865 -- -- 2,171 442 2,751 560 7,026 1,429 4,425 5,607 14,320 ..- — — 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 $1,551 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $89 million securities loaned--fully secured by U.S. Government securities. Includes assets denominated in foreign currencies. H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 19, 1978 Total Boston New York Philadelphia ** tCleve' land Richmond ** Atlanta i St. Chicago ' 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 accrued dividends TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 1 96,318 5,071 24,552 4,999 8,114 8,695 3,476 16,082 4,130 1,878 3,892 4,375 11,054 37,198 10,201 263 645 48,307 8,369 1,055 560 8 1 1,624 311 9,954 2,309 1/ 58 527 12,848 897 964 632 12 24 1,632 236 2,231 1,061 23 1 3,316 410 1,602 791 15 12 2,420 1,421 2,204 507 21 52 2,784 978 5,179 1,485 42 6 6,712 826 1,037 586 9 1,632 440 764 534 8 2 1,308 608 1,466 377 12 1 1,856 881 2,485 792 16 8 3,301 552 8,257 567 39 11 8,874 809 1,652 154,646 63 7,069 482 38,779 69 6,936 113 11,953 155 12,691 109 7,347 209 23,829 55 6,257 35 3,829 53 6,682 73 8,301 236 20,973 33 32 18 276 267 115 44 44 20 90 87 37 56 55 30 79 78 19 161 157 67 33 32 17 32 31 11 46 43 16 60 58 23 148 145 56 7,152 39,437 7,044 12,167 12,832 7,523 24,214 6,339 3,903 6,787 8,442 . 21,322 9,345 4,619 17,202 4,606 2,328 4,586 5,232 12,899 974 113 219 8,039 9,345 518 64 177 3,860 4,619 1,763 198 556 14,685 17,202 466 53 149 3,938 4,606 231 25 56 2,016 2,328 425 44 175 3,942 4,586 509 48 231 4.444 5,232 1,300 149 279 11,172 12,900 1,058 1,029 429,, 157,162 * FEDERAL RESERVE AGENTS1 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/ * ** 106,845 11,693 1,250 3,249 90,653 106,845 5,742 660 62 198 4,822 5,742 26,015 3,328 313 995 21,379 26,015 5,671 598 74 193 4,805 5,670 8,600 921 107 21 7,551 8,600 After deducting $205 million participations of other Federal Reserve Banks Includes $19 million of certain deposits of foreign-owned banking institutions voluntarily held with member banks and redeposited in full with Federal Reserve Banks. Less than $500,000. Estimated (Philadelphia and Richmond Districts).
@FedFRASER