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FEDERAL RESERVE m '?f*ALi5&: Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 Tor immediate release March 29, 1979 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 obligationsBought 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: 1/ 27 3/ * Averages of daily figures Week ended Change from week ended Wednesday March 28, March 21, March 29 , March 28, 1979 1978 1979 1979 (In millions of dollars) -/105,979 +1,074 -1,136 +6,921 -2,440 - 392 - 465 - 586 260 - 573 7,464 1,082 133 5,004 6,410 125,939 11,481 1,300 12,076 150,796 + + 59 10 . 506 3 + -1 ,158 - 25 -+ 14 -1 ,169 . 131 - 11 + 229 - 17 111,757 351 3,102 262 694 4,611 120,777 - 158 + 171 + 83 30,020 9,753 39,905 39,856 49 -1 ,251 + 620 - 632 - 493 - 139 + + 2/ £/ 104,705 7,464 697 81 1,495 136 +1,011 +4,162 +8,728 - 237 + 50 + 606 +9,147 5,510 6,509 125,683 11,481 1,300 12,085 150,549 +9,435 - 45 -3,426 20 + 18 + 704 +6,666 112,251 350 3,178 271 661 4,775 121,486 +2,481 29,063 + 911 9,753 +3,442 38,948 +3,641 39,856 - 199 908 A net of $36 million of surplus reserves were eligible to be carried forward from the week ended March 21, into the week ending March 28. On March 28, 1979, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $90,623 million, a decrease of $1,968 million for the week. Net of $2,423 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $1,576 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. Government securities. Net of $3,567 million matched sale-purchase transactions, outstanding at the end of the latest statement week of which $1,536 million was with foreign official and international accounts. Includes $54 million securities loanedfully secured by U.S. Government securities. Adjusted to include $132 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 29, March 28, (March 21, 1979 1978 1979 A S S E T S Gold certificate account — 11,481 - 237 Special Drawing Rights certif. acct. -1,300 + 50 Coin 380 + 11 + 60 Loans 1,495 - 343 +1,131 Acceptances—Bought outright .._Held under repurchase agreements - 607 — Federal Agency obligations--Bought outright 7,464 - 465 Held under repurchase agreements J7 --- 832 U.S. Government securities: Bought outright—Bills 36,686 -1,536 +7,563 Certificates — Notes 54,662 +3,176 Bonds -13,357 +3,905 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 104,705 +7,563 -- -- (2,229) 104,705 113,664 11,529 +7,563 +7,220 -1,806 396 1 (2,229) 6,113 144,863 + 1 +5^425 100,896 29,063 3,178 + 209 +4,340 +1,072. + 46 +8,932 -1,173 -1,211 16 - 104 -2,493 + 243 + 600 +7,282 1/ LI A B I L t T I E S Federal Reserve notes Deposits: Member bank-reserves account U.S. Treasury—general account Foreign Other Total deposits Deferred availability cash items (2,229) Other liabilities and accrued dividends 4/ TOTAL LIABILITIES (2,229) C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts * 1/ y 2/ 4/ 271 661 33,173 6,019 1,902 141,990 +5,442 - 697 + 301 +5,255 1,110 1,078 + 685 + 1 -169 +5,545 -3,283 +2,262 +1,489 +2,016 + 11 +4,179 +7,568 5 + + + 62 49 175 Figures in parentheses are the eliminations made in the consolidating process. 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 $3,567 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $54 million securities loaned-fully secured by U.S. Government securities. Includes assets denominated in foreign currencies. Beginning December 29, 1978, such assets are revalued monthly at market exchange rates. 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 28, 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 TO years Teal 1,463 32 1,495 Acceptances Federal Agency U.S. Government obligations securities Weekly Holdings Holdings Weekly changes changes 4,998 + 448 25 16,550 +8,047 553 25,506 - 931 994 34,208 1 3,509 11,875 _.1,513 11,568 -810 104,705 +7,56 3 7,464 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON H.4.1(b) Total Boston New York Philadelphia CleveRichmond land Atlanta (In millions of dollars) MARCH 28, 1979 Chicago St. Louis Minneapolis Kansas City San Dallas Francisco 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 1/ U.S. Government securities: Bought outright— Bills Certificates Notes Bonds 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 Interdistrict settlement account TOTAL J7 2/ V 11,481 1,300 960 67 2,666 330 698 69 921 112 1,134 116 518 51 1,763 215 616 55 231 28 575 48 509 57 890 152 380 25 20 23 47 36 40 25 24 19 53 21 47 1,495 167 490 55 64 62 10 192 87 67 112 157 32 — -- — -- --- -— --- --- --- --- --- --- --- --- --- 7,464 347 1,816 374 621 611 338 1,190 305 179 306 387 990 -- -- -- -- -- -- -- -- -- -- -- -- -- 36,686 1,707 8,925 1,837 3,053 3,004 1,660 5,851 1,498 880 1,504 1,904 4,863 — -- -- -- -- -- -- — -- -- -- -- -- 54,662 13,357 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 1,771 104,705 4,873 25,471 5,244 8,714 8,574 4,736 16,699 4,275 2,513 4,290 5,435 13,881 -- -- -- -- — 104,705 113,664 4,873 5,387 25,471 27,777 5,244 5,673 8,714 9,399 8,574 9,247 4,736 5,084 16,699 18,081 4,275 4,667 2,513 2,759 4,290 4,708 5,435 5,979 13,881 14,903 13,758 396 6,113 -0- 302 106 213 - 384 1,700 10 1,546 +1,320 296 55 349 582 739 23 468 - 683 2,179 80 368 4- 30 1,810 24 480 - 927 1,592 16 852 92 559 13 189 7 695 28 179 - 468 1,129 19 235 + 378 919 12 329 353 1,838 10 905 +1,048 147,092 6,676 35,369 6,581 11,026 13,190 7,080 22,452 6,130 3,471 7,145 8,179 19,793 - — -- — — + — — -- + — 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 $3,567 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $54 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 28, 1979 H.4.1(c) Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Sai Dallas Franc (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 100,896 5,156 25,890 5,050 8,429 9,243 3,376 16,845 4,515 1,834 4,329 4,996 11,2: 29,063 3,178 271 661 33,173 8,248 793 300 6 1 1,100 255 6,269 429 121 562 7,381 832 953 176 8 1,507 250 17 1,137 195 1,774 459 1,419 287 11 24 1,741 1,911 2,059 340 15 45 2,459 923 3,893 326 31 5 4,255 683 889 173 6 2 1,070 391 892 127 6 2 1,027 486 1,430 295 9 2 1,736 903 2,113 192 12 7 2,324 617 6,8^ 2£ 2 ] 7,16 5? 1,902 144,219 69 6,580 536 34,639 75 6,457 121 10,783 124 13,019 129 6,887 232 22,015 59 6,035 39 3,386 58 7,026 78 8,015 36 19,37 1,110 1,078 685 33 33 30 280 280 170 45 44 35 93 92 58 58 57 56 83 81 29 164 163 110 34 33 28 35 34 16 46 46 27 65 63 36 17 If 1.47,092 6,676 35,369 6,581 11,026 13,190 7,080 22,452 6,130 3,471 7,145 8,179 19,79 * 1 FEDERAL RESERVE AOTNTS 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 \J * ACCOUNTS 114,098 6,087 28,828 6,234 9,072 9,974 4,838 17,748 4,997 2,340 5,026 5,779 13,17 11,481 1,300 1,225 100,092 114,098 960 67 157 4,903 6,087 2,666 330 322 25,510 28,828 698 69 52 5,415 6,234 921 112 61 7,978 9,072 1,134 116 53 8,671 9,974 518 51 10 4.259 4,838 1,763 215 175 15,595 17,748 616 55 62 4,264 4,997 231 28 54 2,027 2,340 575 48 106 4,297 5,026 509 57 152 5,0615,779 89 15 2 12,11 13,17 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. Less than $500,000. c j
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