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FEDERAL RESERVE ••.f*4LRE*?: Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release June 8, 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 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: 17 2/ V 4/ * Averages of daily figures Week ended Change from week ended Wednesday June 7 May 31, June 8, June 7, 1978 1978 1977 1978 T7 (In millions of dollars) 2/ 100,338 -1,285 62 + 9,439 99,404 818 7,895 7,895 56 39 646 111 - 753 4 - + + 420 59 553 101 6,011 2,533 117,423 11,718 1,250 11,561 141,952 +2 ,656 + 91 + 604 + 2,509 +12,989 + 89 + 50 + 478 +13,606 6,145 2,513 116,510 11,718 1,250 11,571 141,049 + 9,458 105,910 105,391 400 4,525 305 675 3,773 115,069 26,882 9,396 36,353 36,282 71 --8 + * 612 142 + 573 + 14 +1 ,234 - 43 + 37 - 337 +1 ,479 33 400 + 1,225 + 26 + 116 + 761 +11,554 4,989 3,728 115,902 + - + 2,051 + 645 + 2,619 + 2,581 + 38 25,147 9,396 34,618 36,282 -1,664 869 182 685 269 416 A net of $198 million of surplus reserves were eligible to be carried forward from the week ended May 31, into the week ending June 7. On June 7, 1978, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $85,854 million, an increase of $1,000 million for the week. Net of $3,766 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $2,156 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. Net of $4,899 million matched sale-purchase transactions outstanding at the end of the latest statement week,of which $2,154 million was with foreign official and international accounts. Includes $186 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 $75 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. Estimated (Treasury's figures). 281 594 CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS fin millions of dollars) Wednesday j Change since May 31, June 8, June 7, 1978 1977 1 1978 A S S E T S — 11,718 Gold certificate account + 89 Special Drawing Rights certif. acct. 1,250 + 50 ~ Coin 281 10 28 Loans 553 214 - 614 Acceptances—Bought outright 54 — — Held under repurchaae agreements - 274 -— Federal Agency obligations--Bought outright 7,895 + 818 -Held under repurchase agreements 1/ • 26 --U.S. Government securities: Bought outrigtit--B^ll9 36,682 -2,991 + 6,239 Certificates -_ Notes 52,055 + 3,323 Bonds 10,667 + 2,533 -- 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 3/ TOTAL ASSETS L I A B I L I T I E S Federal Reserve notes Deposits: Member bank-reserves account U.S. Treasury—general account Foreign Other 4y Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 99,404 (1,961) 99,404 107,852 12,870 -2,991 - 431 -3,422 -4,336 +1,565 388 -73 180 (1,961) 2,125 136,484 -2,854 +16,139 + 450 -4,439 +2,591 - 173 66 -2,087 - 710 30 -2,377 + 9,019 + 2,807 + 2,266 -- 95,020 25,147 4,989 281 594 (1,961) (1,961) C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts * 31,011 6,725 1,484 134,240 1,052 1,029 163 - 476 +12,095 — +12,095 +12,645 + 3,546 + 17 12 + 40 + 5,101 + 1,302 + 586 +16,008 + + + 52 46 33 Figures in parentheses are the eliminations made in the consolidating process. 1/ Does not include U.S. Government and Federal Agency securities resold under 2/ 3/ 4/ 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 $4,899 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $186 million securities loaned-fully secured by U.S. Government securities. Includes assets denominated in foreign currencies. 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 AND SECURITIES. June 7, 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 y e a r s Over 5 years to 10 y e a r s Over 10 years Total 493 60 553 Acceptances Federal Agency U.S. Government obligations securities Holdings Weekly Holdings Weekly I changes changes 2,235 - 721 - 70 98 152 + 47 -2,682 17,447 1,344 29,398 18 - 3 29,686 1 3,817 — 1,637 11,760 -.8,878 847 --- 26 -3,422 7,895 99,404 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON June 7, 1978 Total Boston New York Philadelphia Cleve- Richmond Atlanta (In millions of dollars) land 1 Chicago St. Louis Minneapolis Kansas City San Dallas Francisco A S S E T S 11,718 1,250 660 62 3,353 313 598 74 921 107 974 113 518 64 1,763 198 466 53 231 25 425 44 509 48 1,300 149 Coin 281 16 24 12 39 23 24 21 20 10 44 13 35 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 553 85 20 64 28 125 33 39 60 25 20 39 15 --- --- --- --- ~ -- --- --- --- --- -— --- --- --- 7,895 367 1,921 396 657 647 357 1,259 322 189 323 410 1,047 -- -- -- -- -- -- -- -- -- -- -- — 36,682 1,707 8,923 1,837 3,053 3,004 1,659 5,850 1,498 881 1,503 1,904 -- -- -- -- -- -- -- -- -- -- -- -- -- 52,055 10,667 2,423 496 12,663 2,595 2,607 534 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 6,901 1,414 99,404 4,626 24,181 4,978 8,273 8,139 4,497 15,853 4,060 2,386 4,073 5,160 4/ 13,178 Gold certificate account Special Drawing Rights certif. acct. Total bought outright 2/ Held under repurchase agreements 2/ Total U.S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets 37 Interdistrict settlement account -- -- -- — -- -- -- -- — -- -- — 4,863 -- 99,404 107,852 4,626 5,078 24,181 26,122 4,978 5,438 8,273 8,958 8,139 8,911 4,497 4,887 15,853 17,151 4,060 4,442 2,386 2,600 4,073 4,416 5,160 5,609 13,178 14,240 14,831 388 2,125 -0- 406 106 90 - 146 2,873 10 461 + 639 344 55 95 - 115 694 23 233 - 190 2,093 80 143 - 77 1,672 16 116 - 281 1,867 16 243 44 493 13 71 - 143 671 29 45 - 181 1,121 19 71 + 113 810 12 97 - 34 1,787 9 460 + 459 TOTAL 10,785 3,430 7,016 6,253 7,064 12,260 6,501 21,215 5,415 18,439 138,445 33,795 6,272 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 $4,899 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $186 million securities loaned--fully secured by U.S. Government securities. J3/ Includes assets denominated in foreign currencies. 4/ Includes securities loaned to other Reserve Banks. 17 H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 7, 1978 1 Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneap o 1 i s Kansas City Dallas San Franci sco (In millions 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 2/ TotaF deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 95,020 25,147 4,989 281 594 31,011 8,686 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS . 4,969 588 291 8 1/ 2 889 281 24,22C 3,771 4,244 10,886 693 165 8 3 869 545 1,201 280 12 1 1,494 844 1,812 269 16 12 2,109 519 5,211 741 39 8 5,999 873 4,991 8,033 8,581 3,581 15,757 4,069 1,918 863 287 12 1,227 567 15 17 1,826 1,618 1,670 444 21 58 2,193 969 3,546 549 42 4 4,141 785 689 211 8 1 909 317 6,122 76S 77 486 7,454y 1,245 1,162 193 1,525 416 23 2 1,966 497 * 1,484 136,201 62 6,201 291 33,21C 61 6,407 98 10,594 112 12,137 109 6,852 190 20,873 48 5,343 31 3,363 50 6,159 65 6,937 367 18,125 1,052 1,029 163 32 32 7 276 267 42 44 44 6 90 87 14 55 55 13 79 78 7 160 157 25 33 32 7 32 31 4 45 43 6 60 58 9 146 145 23 138,445 6,272 33,795 10,785 12,260 j 6,501 7,016 21,215 5,415 3,430 6,253 7,064 18,439 . 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 105,154 5,648 25,802 5,490 8,536 9,154 4,570 17,182 4,484 2,273 4,450 5,205 12,360 11,718 1,250 537 91,649 105,154 660 62 o/ 85 ^'4,841 5,648 3,353 313 20 22,116 25,802 598 74 62 4,756 5,490 921 107 28 7,480 8,536 974 113 125 f,9 42 9,154 518 64 25 ,963 4,570 1,763 198 38 15,183 17,182 466 53 60 3,905 4,484 231 25 25 ,992 2,273 425 44 19 3,962 4,450 509 48 36 1,300 149 14 10,897 12,360 1/ After deducting $204 million participations of 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. 37 Includes securities borrowed from other Reserve Banks. * Less than $500,000. T7205""
@FedFRASER