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'^ii: FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release July 6, 1978 Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U.S. Government securities-Bought outright--System account Hold under rrpurcha.se agreements Special Certificates Federal Agency oblications-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 Righrs certif. acct. Treasury currency outstanding Averages of daily figures Week ended Change from week ended Wednesday July 5, June 28, July 6, July 5.. 1978 1978 1977 1978 (In millions of dollars) 1/ 106,793 2,596 + + 552 844 + 8,936 - 1,674 2/ -100,010 1,761 8,168 634 + 301 69 + + 745 123 8,168 594 42 486 784 929 79 647 136 + 1,373 464 +10,412 + 86 + 50 + 478 +11,026 7,337 3,014 122,315 11,706 1,250 11,607 146,878 -1,325 66 150 95 + 31 + 9,516 71 - 2,222 64 + 74 + 706 + 7,938 107,470 370 9,591 298 815 3,701 122,245 +1,766 + 121 +1,885 + 997 + 888 + 3,087 + 833 + 3,860 + 3,222 + 638 24,632 9,509 34,209 38,347 » 4,138 972 512 522 5 1,194 140" 4,943 2,606 127,907 11,706 1,250 11,396 152,459 159 17 +1,795 f 3 + + +1,798 Currency in circulation * Treasury cash holdings * Treasury deposits with F.R. Banks Foreign deposits with F.R. Banks Other deposits with F.R. Banks 3/ Other F.R. liabilities and capital Member bank reserves: With Federal Reserve Banks Currency and coin Total reserves held 4/ Required reserves Excess reserves 4/ NOTE: 1/ 2/ 3/ 4/ * 106,581 370 10,338 304 798 4,166 122,556 29,902 9,509 39,479 38,347 1,132 +1,047 A net of $127 million of surplus reserves were eligible to be carried forward from the week ended June 28, into the week ending July 5. On July 5, 1978, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $86,788 million, an increase of $2,372 million for the week. Net of $2,616 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $1,630 million was with foreign official and international accounts. Includes securities loanedfully secured by U.S. Government securities. Net of $9,220 million matched sale-purchase transactions, outstanding at the end of the latest statement week of which $2,316 million was with foreign official and international accounts. Includes $257 million securities loanedfully secured by U.S. Government securities. Includes $17 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 $68 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 FEDERAL RESERVE BANKS (In millions of dollars) Wf;rfnefl''ay _[ !ih3F,2e since Ju^y 5, July 0, 1978 _j J. "r *ri 197 7 A S S E T S Gold certificate account Special Drawing Rights certif. acct c Coin Loans Ac ce p t auc e s - -Bough t 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 Bonds 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 3J TOTAL ASSETS 11,706 1,250 263 647 -784 8,168 594 (1 ,980) (1 980) (1 980) (1 980) C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts 2/ 3/ 4/ ... -- 52,997 10,782 Other jV 1/ 6,908 36,231 Federal Reserve notes Deposits: Member bank-reserves account U.S. Treasury--general account Foreign Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES -.. 21 - 2,001 -464 + 301 482 444* 44+ 66 5U 40 462 41 784 745 594 - 3,128 + 3,909 2,534 + 4 H+ 4 + - 3,315 1,761 5,076 7,620 2,008 17 170 9,571 100,010 1,761 101,771 111,964 12,927 389 2,625 141,124 — C,908 - 1,829 - 8,737 10,855 4- 1,133 1 + 468 ^ 9,276 96,497 24,632 9,591 298 815 35,336 5,590 1,465 138,888 + 4+ - 1,223 6,899 2,582 89 152 9,240 793 104 8,914 + + 44+ + 8,907 1,527 56 74 208 1,605 1.483 414 9,443 - -362 + 4+ 54 46 28 1,056 1,029 151 ±_ Figures in parentheses are the eliminations made in the consolidating process. 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 $9,220 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $257 million securities loaned-fully secured by U.S. Government securities. Includes assets denominated in foreign currencies. Includes $17 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. J**ly 5> 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 569 78 784 647 784 U.S. Government securities Weekly Holdings changes 4,459 -3,784 14,076 -5,934 31,610 + 6C1 30,784 + 380 .U.,849 8,993 ;; ,7/1 Federal Agency obligations Holdings Weekly changes 622 -485 269 + 37 1,448 4 11 3,921 4127 1,631 4 105 871 4 24 8,762 --181 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON July 5, 1978 H.4.1(b) New Total Boston York Fhiladelphia CleveRichmond Atlanta land (In millions of dollars) Chicago St. Louis Minneapolis Kansas City San Dallas Francisco A S S E T S 11,706 1,250 660 62 3,341 313 598 74 921 107 974 113 518 64 1,763 198 466 53 231 25 425 '44 509 48 1,300 149 Coin 263 14 19 9 39 22 22 21 19 8 45 12 33 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 647 35 30 37 15 26 109 69 19 68 44 171 2* -- --- •~ ~~ — ~~ 784 ~~ -- ~~ -- --- "-- --- --- --" -" -- 8,168 594 380 1,987 ^09 680 669 369 1,303 333 196 335 424 1,083 -" 594 ~- "~ -- -- -- -- -- -- -- -- 36,231 1,686 3,Oi5 2,966 4,804 Gold certificate account Special Drawing Rights certif. acct. 784 TOTAL ]_f 2/ 3/ 4/ 1,814 1,639 5,779 1,480 869 1,484 1,881 -- -- -- -- -- -- -- -- -- -- -- 52,997 10,782 2,466 302_ 12,892 2,623 2,655 4,340 2,397 540 4,411 897 883 488 8,452 1,719 2,164 440 1,272 259 2,171 442 2,751 560 7,026 1,429 4,654 24,329 1,761 26,090 29,485 5,009 8,323 8,189 4,524 15,950 4,084 2,400 4,097 5,192 4/ 13,259 5,009 5,455 8,189 8,884 4,084 4,436 2,400 2,664 -- 4,524 5,002 15,950 17,322 -- 8,323 9,018 4,097 4,476 5,192 5,787 13,259 14,366 2,229 800 23 153 1,299 81. 196 16 497 + 105 -1,046 + 424 + 170 + 397 - no 2,242 16 308 + 257 659 13 89 + 235 789 29 79 + 10 1,222 19 79 8 1,277 12 116 - 180 1,441 10 503 308 55 96 2,232 2,625 -0- 409 106 120 - 143,104 6,545 34,854 7,019 11,231 12,899 7,308 22,127 5,970 3,835 6,302 7,581 17,433 100,010 Total bought outright 27 1,761 Held under repurchase agreements 2./ 101,771 Total U.S. Government securities "~'i 11,964 Total loans and securities Cash items in process of collection Bank premises Other assets 2/ nterdistrict settlement account 8,814 -- 14,907 389 -4,654 5,069 -- -- -- -- -- -- -- .... -- 9 389 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 $9,220 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $257 million securities loaned--fully secured by U.S. Government securities. Includes assets denominated in foreign currencies. Includes securities loaned to other Reserve Banks. 254 H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON Total Boston New York Philadelphia Cleveland Richmond Atlanta JULY 5, 1978 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 1 96,497 5,062 24,529 5,056 8,093 8,792 3,713 15,930 4,122 1,899 3,850 4,358 11,093 24,632 9,591 298 815 35,336 7,570 435 706 9 888 669 12 1,150 195 6,090 2,128 1/ 93 637 8,948 411 1,569 237 1,318 1,205 23 1 2,547 294 1,191 660 15 9 1,875 l f 991 1,545 756 21 56 2,378 976 4,156 809 42 6 5,013 648 806 434 8 72 1,320 405 641 454 8 4 1,107 718 1,099 349 12 1 1,461 848 1,909 640 16 9 2,574 453 4,554 781 39 20 5,394 394 1,465 140,868 69 6,476 383 34,271 64 6,926 107 11,041 120 12,778 78 7,145 198 21,789 52 5,899 34 3,758 48 6,207 70 7,455 242 17,123 1,056 1,029 151 32 32 5 276 267 40 44 44 5 90 87 13 56 55 10 79 78 6 160 157 21 33 32 6 32 31 14 46 43 6 60 58 8 148 145 17 143,104 6,545 34,854 7,019 11,231 12,899 7,308 22,127 5,970 3,835 6,302 ' 7,581 17,433 FEDERAL RESERVE AGENTS' ACCOUNTS r F.R. notes outstanding To5,789 5,709 Collateral for F.R. notes: 11,706 Gold certificate account 660 62 1,250 Special Drawing Rights certif. acct. Eligible paper 613 35 3/ 7 92,220 - 4,952 U.S. Government securities 5,709 105,789 Total collateral T/ " 3/ 25,919 5,596 8,515 9,262 4,613 17,110 4,498 2,291 4,493 5,259 12,524 3,341 313 23 22,242 25,919 598 74 36 4,888 5,596 921 107 15 7,472 8,515 974113 26 8,149 9,262 518 64 103 3,928 4,613 1,763 198 64 15,085 17,110 466 53 19 3,960 4,498 231 25 68 1,967 2,291 425 44 36 3,988 4,493 509 48 164 4,538 5,259 1, 300 149 24 11,051 12,524 r — i o n s of other Federal Reserve Banks. 7 • d e P S i t S F e d e r l r R e s L ^ Bank's? " ' ^ ° ° f f o r e i 6 ~ < banking institutions voluntarily held with meraber banks and redeposited in full with Includes securities borrowed from other Reserve Banks.
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