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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks 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 Other F.R. liabilities and capital Member bank reserves: With Federal Reserve Banks Currency and coin Total reserves held 3/ Required reserves Excess reserves 3/ NOTE: For immediate release March 15, 1979 Averages of daily figures Week ended Change from week ended Wednesday March 14, March 7, [March 15, March 14, 1979 1979 1 1978 1979 (In millions of dollars) 1/ 103,142 + 452 667 + 205 + 480 219 7,464 219 261 + 168 + 261 757 882 108 + 144 1 + + 634 67 1,436 + 1,378 + 4,101 +12,676 969 20 7,464 5,860 6,133 124,930 11,540 1,300 12,025 149,795 112,037 -2,005 + 25 -1,556 + 5,594 + 969 2/ 103,803 2,689 890 116 4 178 -+ 12 -1,547 + 50 + 566 +13,114 8,925 6,205 132,169 11,532 1,300 12,025 157,026 + 112,325 656 + 9,989 290 7 103 290 2,717 + 162 3,318 19 113 262 746 4,309 120,361 -1,090 + 22 - 206 + 85 - 541 + 102 +10,017 4,482 121,423 29,434 10,399 39,967 39,875 -1,007 + 576 - 431 - 352 + 3,096 + 841 + 3,986 + 4,025 92 79 39 35,603 10,399 46,136 39,875 6,261 292 717 A net of $68 million of surplus reserves were eligible to be carried forward from the week ended March 7, into the week ending March 14. On March 14, 1979, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $92,922 million, a decrease of $1,609 million for the week. 1/ Net of $3,645 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $1,731 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. Government securities. 2/ Net of $3,520 million matched sale-purchase transactions, outstanding at the end of the latest statement week of which $1,613 million was with foreign official and international accounts. Includes $76 million securities loaned--fully secured by U.S. Government securities. 3/ Adjusted to include $134 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 March 7, March 15, March 14, 1979 1979 1978 A S S E T S 11,532 12 Gold certificate account - 186 1,300 50 Special Drawing Rights certif. acct. * -+ + 16 368 38 Coin + 1,436 605 Loans + 1,023 Acceptances—Bought outright + 757 757 + 757 Held under repurchase agreements 7,464 Federal Agency obligations—Bought outright -- 474 + 890 890 Held under repurchase agreements 17 + 890 U.S. Government securities: 35,784 + 7,245 - 1,079 Bought outright— Bills Certificates __ 54,662 + 4,146 Notes 13,357 Bonds +_ 3,959 — 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/ TOTAL ASSETS + 7,245 + 2,689 + 9,934 +10,976 + 1,138 (2,115) 103,803 2,689 106,492 117,039 15,597 (2,115) 5,810 152,041 + 176 +12,294 100,958 35,603 3,318 + 327 +10,604 + 806 262 746 14 137 39,929 6,672 1,947 149,506 +11,259 + 348 + 173 +12,107 1/ 395 Federal Reserve notes Deposits: Member bank-reserves account U.S. Treasury—general account Foreign Other Total deposits Deferred availability cash items (2,115) Other liabilities and accrued dividends 4/ TOTAL LIABILITIES (2,115) C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts — 1,109 1,078 + 348 + + + + 7,026 2,689 9,715 +11,911 + 2,859 + + + 9,287 + 8,096 + 1,736 38 - 195 + 9,599 16 + - 262 +18,640 _- + + 167 + 20 12 4,122 +18,806 63 49 54 * 1/ Figures in parentheses are the eliminations made in the consolidating process. Does not include U.S. Government and Federal Agency securities resold under matches 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 $3,520 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $76 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. MARCH 14, 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 1,374 62 1,436 Acceptances 757 ~ 757 U.S. Government securities Holdings Weekly changes 5,668 +2,987 16^660 +7,097 26,513 - 150 34,208 — 11,875 — 11,568 ^ 106,492 +9,934 Federal Agency obligations Holdings Weekly changes 890 +850 578 +183 994 -104 3,509 - 44 1,573 + 5 810 — 8,354 +890 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON Total Boston New York Philadelphia MARCH 14, 1979 Cleve- Richmond Atlanta (In millions of dollars) land 1 Chicago St. Louis Minneapolis Kansas City San Dallas Francisco A S S E T S Gold certificate account Special Drawing Rights certif. acct. Coin 11,532 1,300 960 67 2,717 330 698 69 921 112 1,134 116 518 51 1,763 215 616 55 231 28 575 48 509 57 890 152 368 25 20 23 46 34 40 23 24 19 48 20 46 1,436 194 223 205 90 144 5 213 71 47 73 28 143 — -- -757 -— --- --- — -- --- -— --- --- -_ __ --- Loans Acceptances: Bought outright Held under repurchase agreements Federal Agency obligations— Bought outright Held under repurchase agreements V U.S. Government securities: Bought outright— Bills Certificates Notes Bonds 54,662 13,357 Total bought outright 2/ Held under repurchase agreements 1/ Total U.S. Government securities Total loans and securities 103,803 2,689 106,492 117,039 17,712 395 5,810 -0- Cash items in process of collection Bank premises Other assets 3/ Interdistrict settlement account 1/ 2/ V -757 7,464890 35,784 347 1,816 890 374 621 611 338 1,190 305 179 306 387 990 — -- -- -- -- -- -- -- ~ -- -- 1,665 8,705 1,792 2,978 2,930 1,619 5,707 1,462 858 1,467 1,857 4,744 — -- -- -- -- -- -- -- -- -- -- -- 2,544 622 13,297 3,249 2,738 669 4,549 1,112 4,476 1,094 2,472 604 8,718 2,130 2,232 545 1 ,312 321 2,239 547 2,838 693 7,247 1,771 4,831 5,199 8,639 8,500 4,695 16,555 4,239 2 ,491 4,253 5,388 13,762 -- -- -- -- -- -- 4,831 5,372 25,251 2,689 27,940 31,626 5,199 5,778 8,500 9,255 4,695 5,038 16,555 17,958 4,239 4,615 T 2,491 ,717 4,253 4,632 5,388 5,803 13,762 14,895 425 106 201 - 334 2,556 10 1,403 - 961 414 55 272 - 681 2,275 80 372 + 24 3,112 23 421 -2,230 1,910 16 824 + 714 804 13 190 93 647 28 164 449 1,417 19 221 + 454 1,121 12 309 + 782 1,924 10 988 +2,632 — _- — 8,639 9,350 ) 1,107 23 445 44 + — - — 21,537 6,410 11,960 13,290 3 ,385 7,414 8,613 6,628 6,973 23,423 6,822 37,701 154,156 TOTAL 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 $3,520 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $76 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 MARCH 14, 1979 H.4.1(c) ' Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco (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 Total deposits Deferred availability cash items Other liabilities and accrued dividends 1/ TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 100,958 5,152 25,908 5,070 8,493 9,122 3,276 17,004 4,530 1,834 4,331 4,932 11,306 35,603 3,318 262 746 39,929 8,787 1,018 226 6 1 1,251 262 8,475 375 112 644 9,606 867 940 211 8 1,159 215 2,328 347 17 1 2,693 436 1,671 236 11 24 1,942 1,920 2,065 247 15 41 2,368 1,050 4,569 403 31 9 5,012 784 931 339 6 2 1,278 436 770 148 6 2 926 510 1,603 292 9 1 1,905 1,013 2,561 242 12 13 2,828 628 8,672 252 29 8 8,961 666 1,947 151,621 76 6,741 676 37,057 76 6,520 123 11,745 163 13,147 99 6,793 241 23,041 85 6,329 37 3,307 59 7,308 79 8,467 233 21,166 1,109 1,078 348 33 33 15 280 280 84 45 44 19 93 ' 92 30 58 57 28 83 81 16 164 163 55 34 33 14 35 34 9 46 46 14 64 63 19 174 152 45 154,156 6,822 37,701 6,628 11,960 13,290 6,973 23,423 6,410 3,385 7,414 8,613 21,537 * 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. Govt, and Agency Securities Total collateral 113,269 5,993 28,659 6,205 9,093 9,854 4,679 17,846 4,948 2,315 4,913 5 ,693 13,071 11,532 1,300 1,193 99,244 113,269 960 67 159 4,807 5,993 2,717 330 223 25,389 28,659 698 69 205 5,233 6,205 921 112 86 7,974 9,093 1,134 116 133 8,471 9,854 518 51 5 48105 4,679 1,763 215 165 15,703 17,846 616 55 45 4,232 4,948 231 28 39 2,017 2,315 575 48 64 4,226 4,913 509 57 27 5 ,100 5 ,693 890 152 42 11,987 13,071 1/ Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. * Less than $500,000.
@FedFRASER