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VoSSH^.. ^LRfc^V FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release March 16, 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 Special Certificates Federal Agency oblications-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: 1/ 2/ 3/ 4/ * ** Averages of daily figures Week ended Change from week ended Wednesday March 15, March 8, I March 16, March 15, 1978* 1978* 1978 1977 (In millions of dollars) -1 97,548 273 354 +4,937 2/ ~ 96,777 7,944 38 39 +1,200 7,938 174 27 248 40 - 148 7 - + + 224 29 413 37 4,527 2,032 112,299 11,718 1,250 11,459 136,726 - 248 + 59 - 521 — — + 12 - 509 +1,711 - 666 +7,232 + 67 + 50 + 497 +7,846 5,437 2,071 112,636 11,718 1,250 j 11,461 137,065 102,048 + 576 + 3 -1,723 - 19 + 193 + 614 - 355 +8,964 - 110 -3,248 + 10 + 154 +1,086 +6,857 102,416 394 2,555 311 830 4,217 110,355 26,371 9,548 35,998 35,850 + + + - 154 445 291 457 166 400 1,582 300 941 4,646 110,285 + 990 26,780 +1,048 9,548 +1,969 36,407 +1,989 35,850 148 20 557 A net of $133 million of surplus reserves were eligible to be carried forward from the week ended March 8, into the week ending March 15. On March 15, 1978, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $86,193 million, an increase of $1,501 million for the week. Net of $2,327 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $1,522 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. Net of $3,098 million matched sale-purchase transactions, outstanding at the end of the latest statement week of which $1,333 million was with foreign official and international accounts. Includes $161 million securities loaned—fully secured by U.S. Government securities. 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 $79 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. Estimated (Richmond District). Estimated (Treasury's figures). H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Change since Wednesday Mar. 16, Mar. 8, Mar. T5, 1977 1978 1978** A S S E T S Gold certificate account 1,718 67 -+ Special Drawing Rights certif. acct. * 1,250 50 -+ Coin 330 2 42 Loans *• 413 - 370 + 384 Acceptances—Bought outright --- 171 Held under repurchase agreements Federal Agency obligations—Bought outright 7,938 44 +1,194 Held under repurchase agreements \J U.S. Government securities: Bought outright--Bills 36,863 + 612 +2,583 Certificates Notes 50,516 +1,596 Bonds 9,398 _ — +2,239 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 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 4/ Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES (2,133) (2,133) (2,133) (2,133) C A P I T A L ACCOUNTS C a p i t a l paid i n Surplus Other c a p i t a l accounts * 1/ 2/ 3/ 4/ 96,777 + 612 +6,418 96,777 105,128 11,895 383 1,688 132,392 + + + 612 198 120 392 +6,418 +7,825 +1,494 + 10 - 742 +8,662 + 360 +1,486 -3,001 3 + 260 -1,258 + 403 + 758 + 263 +8,400 +1,367 -2,692 + 57 + 160 -1,108 85 +1,324 +8,531 + + + + 91,685 26,780 1,582 300 941 29,603 6,458 2,277 130,023 1,046 1,029 294 -+_ 76 2 — + 127 56 46 29 Figures in parentheses are the eliminations made in the consolidating process. Estimated (Richmond District). 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 $3,098 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $161 million securities loaned-fully secured by U.S. Government securities. Includes assets denominated in foreign currencies. 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. March 15, 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 353 60 413 Acceptances U.S. Government securities Holdings Weekly changes 2,907 + 847 17,468 - 361 30,390 + 126 28,824 -9,571 -7,617 -96,777 + 612 Federal Agency obligations Holdings Weekly changes 9 -169 274 + 98 1,111 - 47 4,043 +112 1,621 - 38 880 — 7,938 44 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON March 15, 1978 Total Boston New York Philadelphia Cleve^Richland mond Atlanta (In millions of d ollars) Chicago St. Louis Minneapolis Kansas City San Dallas Francisco A S S E T S 11,718 1,250 541 62 3,492 313 631 74 934 107 982 113 560 64 1,736 198 469 53 225 25 393 44 456 48 1,299 149 Coin 330 22 22 18 44 30 31 25 21 10 46 15 46 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 413 23 59 21 12 25 24 28 42 11 13 91 64 7,938 371 1,874 424 664 649 392 1,272 337 194 318 397 1,046 36,863 1,723 8,701 1,967 3,086 3,014 1,820 5,905 1,564 902 1,478 1,843 4,860 50,516 9,398 2,360 439 11,923 2,218 2,695 501 4,228 787 4,130 768 2,494 464 8,092 1,506 2,144 399 1 ,237 230 2,027 377 2,526 470 96,777 4,522 22,842 5,163 8,101 7,912 4,778 15,503 4,107 2 ,369 3,882 4,839 6,660 1,239 4/ 12,759 96,777 105,128 4,522 4,916 22^842 24,775 5,163 5,608 8,101 8,777 7,912 8,586 4,778 5,194 15,503 16,803 4,107 4,486 2 ,369 2 ,574 3,882 4,213 4,839 _ 1 2 x 7 5 9 5,327 13,869 14,028 383 1,688 -0- 447 107 78 - 321 1,860 10 393 +2,651 466 56 97 - 667 612 23 136 - 567 1,917 75 121 - 357 1,711 14 123 1,863 16 221 - 751 636 13 68 + 733 612 29 45 218 1,275 19 66 - 170 838 12 84 - 165 Gold certificate account Special Drawing Rights certif. acct. 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 2/ Interdistrict settlement account 1,791 9 256 + 897 20,111 6,479 10,066 6,632 11,467 5,852 33,516 5,886 6,615 18,316 3,302 134,525 6,283 TOTAL Estimated (Richmond District). 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 $3,098 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $161 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. * 1/ STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MARCH 15, 1978 11.4.1(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 91,685 4 ,736 23,551 4,797 7,857 8,321 3,448 15,178 3,922 1,928 3,467 3,994 10,486 26,780 1,582 300 941 29,603 8,591 589 64 9 1 663 322 6,928 185 1/ 96 833 8,042 1,044 969 114 12 1,095 228 1,392 80 23 1 1,496 400 1,230 123 15 27 1,395 1,456 1,733 70 21 51 1,875 1,065 3,348 88 42 6 3,484 910 808 456 8 1 1,273 402 702 55 8 1 766 509 1,197 83 11 1 1,292 915 1,692 109 16 11 1,828 581 6,192 155 39 8 6,394 759 2,277 132,156 55 ,776 263 32,900 60 6,180 110 9,863 163 11,335 73 6,461 176 19,748 805 6,402 29 3,232 113 5,787 80 6,483 350 17,989 1,046 1,029 294 32 32 12 274 267 75 44 44 15 90 87 26 55 55 22 79 78 14 159 157 47 32 32 13 32 31 7 44 43 12 59 58 15 146 145 36 134,525 5 ,852 33,516 6,283 10,066 11,467 6,632 20,111 6,479 3,302 5,886 6,615 18,316 "T FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 103,142 Collateral for F.R. notes: 11,718 Gold certificate account 1,250 Special Drawing Rights certif. acct. 396 Eligible Paper 89,778 U.S. Government securities 103,142 Total collateral 5,514 25,337 5,504 8,459 8,966 4,534 16,689 4,405 2,168 4,386 4,^0 12,230 541 62 22 3,492 313 57 21,475 25,337 631 74 22 4,777 5,504 934 107 12 7,406 8,459 982 113 25 7,846 8,966 560 64 24 3,886 4,534 1,736 198 19 14,736 16,689 469 53 42 3,841 4,405 225 25 8 1,910 2,168 393 44 456 48 90 4,356 4,950 1,299 149 62 10,720 12,230 ^4,889 5,514 1/ After deducting $204 million participations of other Federal Reserve Banks. ~' ^Federal^Lerv^Banks.0"^111 3/ * Includes securities borrowed from other reserve banks. Less than $500,000. **Estimated (Richmond District). depOSitS of 13 3/ -3,936 4,386 ^"ign-owned banking institutions voluntarily held with member banks and redeposited in full with —"~
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