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FEDERAL RESERVE .f**^- Factors Affecting Bank Reserves and Condition Statement of F.R. Banks Fot immediate release June 29, 1978 H.4.1 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/ Averages of daily figures Week ended Change from week ended Wednesday June 28 June 29, June 28, June 21, 1978* 1977 1978 1978* (In millions of dollars) 1/ 106,241 1,752 284 512 +7,882 -1,881 7,867 703 575 + + 460 + + 2/ 106,918 3,590 431 261 7,867 1,076 285 45 60 720 1,716 135 522 12 +1,382 + 65 2,648 140 4,751 2,590 126,080 11,706 1,250 11,593 150,629 882 197 +1,099 17 +1,116 +1,330 - 430 +8,870 + 80 + 50 + 480 +9,479 5,385 2,552 130,756 11,706 1,250 11,594 155,306 105,532 370 11,663 238 648 4,071 122,522" - 136 + 13 +2,432 20 - 264 - 300 +1,726 +9,581 71 -2,395 21 + 20 + 546 +7,661 106,196 370 12,173 209 663 4,164 123,775 28,107 9,388 37,565 37,350 215 - 609 + 353 - 259 - 177 82 +1,817 + 765 +2,501 +2,436 + 65 31,531 9,388 40,989 37,350 3,639 A net of $103 million of surplus reserves were eligible to be carried forward from the week ended June 21, into the week ending June 28. On June 28, 1978, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $84,416 million, an increase of $436 million for the week. 1/ Net of $1,906 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $1,299 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. Government securities. 2/ Net of $1,350 million matched sale-purchase transactions outstanding at the end of the latest statement week>of which $1,350 million was with foreign official and international accounts. Includes $224 million securities loaned--fully secured by U.S. Government securities. 3/ 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 $70 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. * Estimated (Cleveland District). Estimated (Treasury's figures). NOTE: H.4.1(a> CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since June 21, June 28, June 29, 1978** 1978 1977 ASSETS 11,706 -+ 86 Gold certificate account 1,250 50 Special Drawing Rights certif. acct. * — + 284 29 -Coin 2,648 + 73 Loans + 2,042 43 -— Acceptances--Bought outright 720 + 284 + 307 Held under repurchase agreements 7,867 -+ 431 Federal Agency obligations--Bought outright 1,076 + 417 + 734 Held under repurchase agreements JL/ U.S. Government securities: 43,139 -1,151 + 2,165 Bought outright—Bills Certificates -_ 52,997 + 3,909 Notes 10,782 2,534 Bond s .- Total bought outright 2/ Held under repurchase agreements J7 Total U.S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets _3/ TOTAL ASSETS Federal Reserve notes Deposits: Member bank-reserves account U.S. Treasury—general account Foreign Other V Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES (23 147) (2 147) (2 147) (2 147) CAPITAL ACCOUNTS Capital paid in Surplus Other c a p i t a l accounts + 8,608 36 + + 8,644 106,918 3,590 110,508 122,819 11,896 390 2,162 150,507 -1,151 + 808 - 343 + 431 -1,098 79 746 +12,115 + 1,995 20 + - 450 +13,787 95,256 31,531 12,173 209 663 44,576 6,511 1,566 147,909 + 402 +1 ,041 -1 ,959 - 65 + 11 - 972 - 353 + 102 " 821 + 8,941 + 7,483 - 3,942 78 + 71 + 3,534 + 674 + 476 +13,625 1,056 1,029 513 -- __ -+ 75 + + + 56 46 60 Figures in parentheses are the eliminations made in the consolidating process. Estimated (Cleveland District). 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 $1,350 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $224 million securities loaned-fully secured by U.S. Government securities. 2/ Includes assets denominated in foreign currencies. 4/ 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. June 28. 1978 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) 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 Loans Acceptances 2,610 38 720 2,648 720 U.S. Government securities Holdings Weekly [changes 8,243 -1,559 20,010 + 30 31,009 +1,186 30,404 — 11,849 --8,993 110,508 343 Federal Agency obligations Holdings Weekly changes 1,107 + 417 232 -1,437 — 3,794 — 1,526 — 847 — 8,943 + 417 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON New Total York Boston Philadelphia June 28, 1978 CleveRichland * mond Atlanta (In millions of dollars) St. Chicago Louis Minneapolis Kansas City San Dallas Francisco A S S E T S Gold certificate account Special Drawing Rights certif. acct. 1 Coin Loans Acceptances: Bought outright Held under repurchase agreements Federal Agency obligations— Bought outright Held under repurchase agreements JL/ U.S. Government securities: Bought outright — Bills Certificates Notes Bonds Total bought outright 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 TOTAL 1/ ~~ 2/ •3/ * ! 17 11,706 1,250 660 62 3,341 598 74 921 107 974 113 518 64 1,763 198 466 53 231 25 425 44 509 48 1,300 313 284 15 22 11 40 24 23 23 21 9 46 14 36 2,648 201 598 216 133 229 328 127 71 39 69 316 321 -- --- --- --- --- --- --- --- --- --- --- 321 189 322 408 -- -- -- -- __ -_ _.. 720 720 1,255 149 1,043 7,867 1,076 366 1,914 1,076 394 655 644 356 -- -- -- -- -- 43,139 2,008 10,494 2,160 3,590 3,532 __ -- -- -- -- -- -- -- 52,997 10,782 2,466 12,892 2,623 2,655 4,411 4,340 2,397 897 883 488 8,452 1,719 2,164 540 440 106,918 3,590 110,508 122,819 4,976 26,009 3,590 29,599 33,907 5,355 8,898 8,755 4,836 17,052 4,366 -- -- -_ -- -- -- -- -- 5,355 5,965 8,898 9,686 8,755 9,628 4,836 5,520 17,052 18,434 4,366 4,758 2,566 2,794 4,381 4,772 5,550 6,274 14,174 15,538 407 106 149 1,650 483 56 99 832 23 157 2,252 1,356 1,970 1,727 16 277 696 29 48 1,022 16 129 622 13 77 1,026 81 156 19 85 12 115 9 392 22 -3,554 - 10 + 155 - 553 + 204 - 18 +1,006 + 550 +2,268 6,964 36,167 7,276 11,921 12,675 7,830 22,479 3,850 7,423 8,544 21,419 502 -4,976 5,543 14,043 390 2,162 -0152,654 + ~ 10 478 1,951 -6,881 202 1,762 1,035 1,768 2,239 — — -- 1,272 2,171 2,751 259 442 560 7,026 1,429 2,566 4,381 5,550 14,174 -- + 96 6,106 -- _- + -- 5,719 -- 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 $1,350 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $224 million securities loaned--fuily secured by U.S. Government securities. Includes assets denominated in foreign currencies. Estimated (Cleveland District). STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 28, 1978 H.4.1(c) Total Boston New York Philadelphia Cleveland * Richmond Atlanta Chicago St. Louis Mi nne apolis 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 95,256 4,985 24,220 4,998 7,999 8,676 3,635 15,743 4,066 1,892 3,799 4,280 10,963 31,531 12,173 209 663 44,576 8,658 788 769 9 1,566 263 7,185 2,161 1/ 4 565 9,915 883 881 937 12 1 1,831 268 1,674 1,336 23 1 3,034 554 1,475 405 15 12 1,907 1,828 2,093 900 21 51 3,065 884 4,460 852 42 7 5,361 764 879 573 8 2 1,462 430 755 479 8 1 1,243 602 1,486 1,152 12 2 2,652 811 2,127 1,274 16 7 3,424 622 7,728 1,335 39 14 9,116 749 1,566 150,056 63 6,877 473 35,491 66 7,163 113 11,700 110 12,521 70 7,654 212 22,080 62 6,020 40 3,777 53 7,315 73 8,399 231 21,059 1,056 1,029 513 32 32 23 276 267 133 44 44 25 90 87 44 56 55 43 79 78 19 160 157 82 33 32 21 32 31 10 46 43 19 60 58 27 148 145 67 152,554 6,964 36,167 7,276 11,921 12,675 7,830 22,479 6,106 3,850 7,423 8,544 21,419 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/ 27 * 105,623 5,657 25,855 5,589 8,488 9,240 4,648 17,107 4,500 2,292 4,477 5,270 12,500 11,706 1,250 2,476 90,191 105,623 660 62 170 3,341 921 107 133 974 113 229 518 64 308 1,763 198 111 466 53 71 231 25 39 425 44 62 509 48 302 1,300 313 524 598 74 215 4,765 5,657 21,677 25,855 4,702 5,589 7,327 8,488 7,924 9,240 3,758 4,648 15,035 17,107 3,910 4,500 1,997 2,292 3,946 4,477 4,411 5,270 10,739 12,500 After deducting $205 million participations of other Federal Reserve Banks. Includes $17 million of certain deposits of foreign-owned banking institutions voluntarily held with member banks and redeposited in full with Federal Reserve Banks. Estimated (Cleveland District). 149 312
@FedFRASER