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s#2£!& •fSuiiS? FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release June 7, 1978 Averages of daily Week ended Change Member bank reserves, June 6, Reserve Bank credit, 1979 flay 3 0 , and related items Reserve Bank credit: (In millions U.S. Government securities— Bought outright—System account 1/104,038 -1,725 Held under repurchase agreements 144 93 Federal Agency obligationsBought outright 2 7,423 Held under repurchase agreements 15 28 Acceptances— Bought outright Held under repurchase agreements 85 Loans-Total member bank borrowing 1,340 - 950 Includes seasonal borrowing of: 6 193 Other borrowing Float 7,792 +1,752 Other F.R. assets 6,468 - 296 Total Reserve Bank credit 127,226 -1,428 Gold Stock 11,350 4 Special Drawing Rights certif. acct. 1,800 + 71 Treasury currency outstanding 12,289 + 33 152,665 -1,327 Currency in circulation Treasury 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 Required reserves Excess reserves * 115,292 * 400 2,396 294 724 4,039 123,144 3/ H 29,522 _10,140 39,785 39,292 493 + + - 633 5 520 figures from week ended Wednesday June 6, 1979tfune 7, 1978 1979 of dollars) + 3,700 + 144 4- 2/100,759 1,004 472 15 7,423 105 43 + + 695 82 1,582 176 + 1,818 + 3,935 4 9,841 7,388 6,581 124,885 11,325 1,800 12,289 150,299 368 + 550 + 728 +10,751 + 9,867 + 34 - 2,129 18 11 - 707 - 501 -1,109 + 49 + 266 + 8,075 115,915 400 4,762 295 532 3,994 125,898 + 217 178 + 293 255 + 2,678 + 749 + 3,472 + 3,028 + 444 24,402 10,140 34 ,665 39 ,292 4 ,627 38 NOTE: A net of $76 million of surplus reserves were eligible to be carried forward from the week ended May 30, into the week ending June 6. On June 6, 1979, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $78,436 million, an increase of $2,464 million for the week. 1/ Net of $4,187 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $2,356 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.Sa Government securities. 2/ 3/ Adjusted to include $123 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. Estimated (Treasury's figures). CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Change since Wednesday June 6, May 30, June 7, A S S E T S _JJSLZ2__J L2ZS 1979 Gold certificate account - 393 11,325 29 Special Drawing Rights certif. acct. * + 550 1,800 Coin 396 16 + 115 Loans 1,582 -1,886 +1,031 Acceptances--Bought outright Held under repurchase agreements 43 - 276 + 43 Federal Agency obligations--Bought outright 7,423 - 472 Held under repurchase agreements 1/ 105 46 + 105 U.S. Government securities: Bought outright--Bills -6,112 -3,942 32,740 Certificates Notes 54,462 +2,407 Bonds +2,890 13,557 H.4.1(a> 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 ]j TOTAL ASSETS 100,759 1,004 101,763 -6,112 + 174 -5,938 (2,316) 110,916 14,539 396 6,185 145,557 -8,146 + 620 + 1 + 237 -7,333 +1,355 +1,004 +2,359 +3,066 +1,376 + 8 +4,060 +8,782 (2,316) / (2,316) 104,421 24,402 4,762 295 532 29,991 7,151 .l^Ol 143,164 + 570 -6,775 +2,319 - 39 - 203 -4,698 -2,529 - 118 -6,775 +9,401 -1,036 - 227 + 14 - 62 -1,311 + 426 + 117 +8,633 + + + + (2,316) LIABILITIES 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 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts * 1,126 1,078 189 3 — - 561 74 49 26 Figures in parentheses are the eliminations made in the consolidating process. 17 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 $7,336 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $68 million securities loaned— fully secured by U.S. Government securities. ,3/ Includes assets denominated in foreign currencies. Beginning December 29, 1978, such assets are revalued monthly at market exchange rates. 4/ Includes exchange-translation account reflecting, beginning December 29, 1978, the monthly revaluation at market exchange rates of foreign-exchange commitments. MATURITY DISTRIBUTION: OF LOANS AND SECURITIES. JUNE 6, 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 1,479 103 1,582 Acceptances 43 43 U.S. Government securities Holdings Weekly 3,071 14,413 31,652 28,634 12,225 11,768' 101,763 Federal Agency obligations Holdings Weekly changes I changes 288 - 530 -97 417 -4,854 +60 - 616 784 - 9 + 62 — --5,938 3,776 1,488 775 7,528 — — --46 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON Total Boston New York Philadelphia JUNE 6, 1979 CleveRichland J mond Atlanta (In millions of dollars) Chicago St. Louis Minneapolis Kansas City San Dallas Franc iscoi 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 U.S. Government securities: Bought outright-Bills Certificates Notes Bonds 11,325 1,800 992 93 3,025 459 924 91 646 149 1,323 161 475 64 1,591 300 474 79 231 32 473 75 501 86 670 211 396 24 23 25 47 39 43 17 34 23 51 23 47 1,582 44 480 47 89 127 119 137 103 76 108 141 111 -- --- -43 --- --- -— -— --" --- --- --- --" -— 307 1,178 316 165 328 404 977 -- — -- -- — — -- 1,393 728 1,445 1,783 4,307 43 7,423 105 359 1,830 105 355 596 608 -- '-- — — 32,740 1,584 8,070 1,566 2,630 2,682 -- -- -- -- -- -- -- 54,462 13,557 2,634 656 13,424 3,342 2,604 648 4,375 1,089 4,460 1,110 2,257 562 Total bought outright 2/ Held under repurchase agreements!./ Total U.S. Government securities Total loans and securities 100,759 1,004 101,763 110,916 4,874 4,818 8,094 8,252 4,175 4,874 5,277 24,836 1,004 25,840 28,298 — -- -- 4,818 5,220 8,094 8,779 8.252 8,987 4,175 4,601 15,990 17,305 4.287 4,706 2,240 2,481 4,447 4,883 5,490 6,035 13,256 14,344 Cash items in process of collection Bank premises Other assets 3/ Interdistrict settlement account 16,855 396 6,185 -0- 565 105 201 - 537 2,483 11 1,427 85 417 54 303 - 620 870 23 457 352 2,420 80 354 + 38 1,840 25 404 - 553 2,147 16 826 + 956 672 13 187 92 804 28 173 - 430 1,460 19 427 - 220 1,127 12 460 + 180 2,050 10 961 + 827 147,873 6,720 35,641 6,414 11,323 13,402 6,904 23,158 6,257 3,342 7,168 8,424 19,120 TOTAL \J 2/ 3/ \l -- + 1,356 -- 5,1'96 — -- -- -- -- -- 8,643 2,151 2,317 577 1,211 301 2,404 598 2,968 739 7,165 1,784 15,990 4,287 2,240 4,447 5,490 13,256 — -- + — -- — -- 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 $7,336 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $68 million securities loaned--fully secured by U.S. Government securities. Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 6, 1979 H.4.1(c) Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco (In million.3 of 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 Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 1/ CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 104,421 5,379 26,981 5,186 8,575 9,486 3,349 17,331 4,583 1,890 4,593 5,297 11,771 24,402 4,762 295 532 29,991 9,467 663 239 8 1 911 284 5,250 538 112 446 6,346 1,371 571 248 10 1,617 361 21 829 228 1,999 431 1,062 510 13 13 1,598 2,059 1,630 467 19 43 2,159 1,129 3,648 755 37 10 4,450 783 787 301 8 1 1,097 440 573 214 8 2 797 543 1,085 221 10 2 1,318 1,086 2,032 296 14 7 2,349 546 5,484 612 35 7 6,138 567 1,601 145,480 73 6,647 334 35,032 76 6,319 119 11,124 130 13,273 93 6,730 237 22,801 62 6,182 38 3,268 . 71 7,068 93 8,285 275 18,751 1,126 1,078 189 33 33 7 287 280 42 45 44 6 94 92 13 59 57 13 84 81 9 167 163 27 35 33 7 35 34 5 47 46 7 65 63 11 175 152 42 147,873 6,720 35,641 6,414 11,323 13,402 6,904 23,158 6,257 3,342 7,168 8,424 19,120 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 and Agency Securities Total collateral 116,975 6 ,302 29,954 5,981 9,151 10,328 4,840 18.476 5,051 2,397 5,207 5,926 13,362 11,325 1,800 1,417 102,433 116,975 992 93 38 5 ,179 6 ,302 3,025 459 480 25,990 29,954 924 91 45 4,921 5,981 646 149 89 8,267 9,151 1,323 161 104 8,740 10,328 475 64 117 4,184 4,840 1,591 300 126 16,459 18,476 474 79 97 4,401 5,051 231 32 63 2,071 2,397 473 75 96 4,563 5,207 501 86 125 5,214 5,926 670 211 37 12,444 13,362 \_l Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments.
@FedFRASER