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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release June 15, 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 2/ 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/ Averages of daily figures Week ended Change from week ended Wednesday June 14 June 7, June 14 June 15, 1978 1978 1977 1978 (In millions of dollars) 1/ 101,361 +1,023 +11,072 2/ 96,705 7,883 12 824 7,867 52 794 106 + 148 5 + + 571 58 1,553 106 489 93 578 12 6,557 2,438 115,120 11,706 1,250 11,571 139,647 5,520 2,440 117,999 11,706 1,250 11,571 142,526 10 576 + 2 ,541 322 +14 ,634 77 + 50 + + 480 +15,241 105,797 395 3,690 258 870 3,919 114,930 372 29 835 47 195 146 139 + 9,651 39 + 2,370 29 + 155 + 794 +12,904 106,019 400 3,631 248 675 4,294 115,267 27,595 9,524 37,192 37,066 126 715 128 841 784 57 + 2,337 + 829 + +3,088 + 3,208 120 24,379 9,524 33,976 37,066 - 3,090 + + + I A net of $77 million of surplus reserves were eligible to be carried forward from the week ended June 7, into the week ending June 14. On June 14, 1978, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $84,946 million, a decrease of $908 million for the week. Net of $3,251 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $1,663 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. Net of $7,958 million matched sale-purchase transactions outstanding at the end of the latest statement week,of which $1,605 million was with foreign official and international accounts. Includes $91 million securities loaned--fully secured by U.S. Government securities. Includes $13 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 $73 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 STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since June 14, June 7, June 15, 1978 1978 1977 A S S E T _S Gold certificate account 11,706 12 + 77 * 1,250 Special Drawing Rights certif . acct. ... + 50 Coin + 3 284 27 Loans 1,553 +1,000 + 579 Acceptances--Bought outright 49 -_Held under repurchase agreements Federal Agency obligations—Bought outright 7,867 31.1 Held under repurchase agreeaents 1/ U.S. Government securities: Bought outright—Bills 33,983 -2,699 129 Certificates Notes 52,055 --. +3,323 Bonds 10,667 +2,533 — Total bought outright 2/ Held under repurchase agreements V Total U.S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets V TOTAL ASSETS L I A B I L I T I E S Federal Reserve notes Deposits: Member bank-reserves account U.S. Trea8ury--general account Foreign Other 4/ Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 96,705 -2,699 +5,985 (2,286) 96,705 106,125 13,400 -2,699 -1,727 + 530 388 -75 (2,286) 2,050 135,203 -1,281 +5,985 +7,326 +2,870 + 17 - 432 +9,881 95,133 24,379 3,631 + 113 - 768 -1,358 +9,165 -3,048 +2,403 248 675 (2,286) (2,286) C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts * 33 96 + 81 -2,078 + 118 + 426 -1,421 + 18 - 723 + 318 + 958 +9,718 1,054 1,029 + 301 + + + + 28,933 6,843 1,910 132,819 2 -„ 138 54 46 63 Figures in parentheses are the eliminations made in the consolidating process. 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 $7,958 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $91 million securities loaned-fully secured by U.S. Government securities. 3^/ Includes assets denominated in foreign currencies. 4/ Includes $13 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 AMD SECURITIES. June 14, 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 1,500 53 1,553 Acceptances U.S. Government securities Holdings Weekly Ichanges 2,195 40 -2,584 14,863 75 29,323 29,686 .11,760 — 8,878 --2,699 96,705 Federal Agency obligatIons Holdings Weekly changes - 98 -+ 113 262 1,437 + 93 - 22 3,795 1,526 -111 847 -- 7,867 - 28 H,4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON June 14, 1978 New York CleveRichland | mond Atlanta (In millions of dollars) St. Louis Minneapolis 1,763 198 466 53 231 25 425 44 509 48 1,300 149 25 21 20 10 46 12 35 163 54 241 83 99 55 127 58 --- --- --- -- --- -— — -- --- --- 394 655 644 356 1,255 321 189 322 408 1,043 -- -- -- -- -- -- -- -- -- 8,267 1,702 2,828 2,783 1,537 5,420 1,387 816 1,392 1,764 4,506 -- -- -- -- -- -- -- -- -- -- -6,901 1,414 4/ 12,821 Philadelphia Iqtal Boston 11,706 1,250 660 62 3,341 313 598 74 921 107 974 113 518 64 :.S4 16 25 12 38 24 1,553 92 394 90 97 -- --- --- 7,367 366 1,914 -- -- -- 1,581 Chicago Kansas City San 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 J7 U.S. Government securities: Bought outright— Bills Certificates Notes Bends --- 33,983 -- • - - ... - • - • - - 52,055 10,667 2,423 496 12,663 2,595 2,607 5.34 4,332 888 4,262 873 2,355 483 8,302 1,701 2,126 436 1,249 256 2,133 437 2,702 554 Total bought outright 2/ 96,705 Held under repurchase agreements _1/ -Total U.S. Government securities " 96,705 otal loans and securities 106,125 4,500 23,525 4,843 8,048 7,918 4,375 15,423 3,949 2,321 3,962 5,020 -- -- -- -- -- -- -- -- -- -- -- 4,500 "4,958 23,5~25 25,833 4,843 5,327 8,048 8,800 7,918 8,725 4,375 4,785 15,423 16,919 3,949 4,353 2,321 2,609 3,962 4,339 5,020 5,555 12,821 13,922 Cash items in process of collection Bank premises Other assets 3/ Interdistrict settlement account -0- 425 106 90 + 66 1,816 10 469 + 702 387 55 95 + 125 787 23 132 - 409 2,243 80 164 - 131 1,717 16 114 - 292 2,263 16 290 - 552 690 13 68 - 29 783 29 117 + 16 1,249 19 79 + 135 1,032 12 102 - 392 2,294 9 330 + 761 137,489 6,383 32,509 6,673 10,399 12,192 6,947 20,918 5,634 3,820 6,336 6,878 18,800 TOTAL 15,686 388 j 9 n*n „_ 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/ Met of $7,958 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $91 million securities loaned—fully secured by U.S, Government securities. .3/ Includes assets denominated in foreign currencies. 4/ Includes securities loaned to other Reserve Banks. STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 14, 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 95,133 4,950 24,276 4,994 8,056 8,578 3,533 15,787 4,070 1,924 3,781 4,269 10,915 24,379 3,631 248 675 28,933 9,129 804 195 9 1,008 292 5,375 500 1/ 44 554 6,473 837 781 487 12 5 1,285 230 1,254 273 23 1 1,551 485 1,121 264 15 13 1,413 1,953 1,802 275 21 61 2,159 1,021 3,208 417 42 10 3,677 877 764 201 8 3 976 462 696 148 8 2 854 526 1,276 163 11 3 1,4*3 955 1,566 228 16 9 1,819 591 5,732 480 39 14 6,265 900 1,910 135,105 56 6,306 304 31,890 63 6,572 104 10,196 114 12,058 64 6,777 213 20,554 49 5,557 446 3,750 46 6,235 65 6,744 386 18,466 1,054 1,029 301 32 32 13 276 267 76 44 44 13 90 87 26 55 55 24 79 78 13 160 157 47 33 32 12 32 31 7 46 43 12 60 58 16 147 145 42 137,489 6,383 32,509 6,673 10,399 12,192 6,947 20,918 5,634 3,820 6,336 6,878 18,800 * FEDERAL RESERVE AGENTS' ACCOUNTS 2,282 4,432 5,208 17,178 4,472 4,532 9,174 F.R. notes outstanding 8,539 5,528 5,653 25,871 105,262 Collateral for F.R. notes: 509 466 425 231 518 1,763 921 974 598 3,341 660 11,706 Gold certificate account 48 25 44 53 198 64 113 74 107 62 1,250 313 Special Drawing Rights certif. acct. 48 123 59 71 239 52 96 89 312 1,375 Eligible paper 163 65 i ; 3/ 3/ 1,967 3,915 4,528 14,978 3,882 7,924 3,898 7,415 4,767 21,905 90,931 -4,866 U.S. Government securities 17,178 4,472 2,282 4,432 5,208 4,532 9,174 8,539 5,528 25,871 105,262 5,653 Total collateral Afrer cieriiir.ring $/04 million participations ot other Federal Reserve Banks. 2/ Includes $13 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. * Less than $500,000. 12,393 1,300 149 58 10,886 12,393 ~~
@FedFRASER