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FEDERAL RESERVE Factors Affecting Bank Reseryes 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 3/ Other F.R. liabilities and capital For immediate release March 30, 1978 Averages of daily figures Week ended Change from week ended Wednesday March 29, March 22, 1 March 30, March 29, 1978* 1978 1978* 1 1977 (In millions of dollars) 1/ 99,058 2,440 - 527 +1,070 +4,082 + 420 E/ 99,160 [ 3,283 6 +1,185 + 515 7,929 7,929 586 + 187 _573 + 195 + 159 288 ... 607 386 51 + + 105 4 + + 328 37 363 53 4,042 2,248 117,262 11,718 1,250 11,470 141,700 + 81 164 779 9 788 +1,871 - 635 +7,896 + 82 + 50 + 484 +8,512 3,819 2,319 118,312 11,718 1,250 11,480 142,760 + 154 + 2 +1,134 + 19 - 121 - 240 + 949 +9,309 73 -2,654 + 23 + 84 + 533 +7,220 102,322 397 6,528 282 676 3,908 114,113 __ — — + + 832 ! 102,738 400 4,389 276 765 3,893 112,461 Member bank reserves: With Federal Reserve Banks 27,587 - 161 +1,291 30,299 Currency and coin + 562 i + 388 8,852 8,852 Total reserves held 4/ 39,232 36,520 +1,783 + 225 Required reserves + 128 +1,852 36,256 36,256 Excess reserves 4/ 2,976 + 97 69 264 A net of $88 million of surplus reserves were eligible to be carried forward NOTE from the week ended March 22, into the week ending March 29. On March 29, 1978, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $88,336 million, an increase of $354 million for the week. 1/ Net of $1,865 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $1,865 million was with foreign official and international accounts. Includes securities loaned—fully secured by U.S. Government securities. 2/ Net of $1,819 million matched sale-purchase transactions, outstanding at the end of the latest statement week of which $1,819 million was with foreign official and international accounts. Includes $174 million securities loaned—fully secured by U.S. Government securities. 3/ 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 $81 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. Estimated (Chicago District). •k-k 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, 29, ** Mar. 22, Mar. 30, 1978 1977 1978 A S. S E T & „Gold certificate account 11,718 + 82 Special Drawing Rights certif. acct. 1,250 + 50 -Coin 9 39 320 Loans 7 363 + 214 + Acceptances--Bought outright 155 .-Held under repurchase agreements 607 + 607 + 426 Federal Agency obligations--Bought outright 7,929 +1,185 -Held under repurchase agreements 1/ 832 + 832 + 572 U.S. Government securities: Bought outright--Bills 38,222 824 •1,513 Certificates Notes 51,486 +2,305 -Bonds 9,452 +2,256 — 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 LI.ABiLITI.ES 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 (1,981) (1,981) (1,981) (1,981) CAPITAL ACCOUNTS, Capital paid in Surplus Other c a p i t a l accounts 99,160 3,283 102,443 112,174 9,774 385 Is 934 137,555 +1,624 +3,048 +3,283 +6,331 +9,014 +1,255 + 12 - 664 +9,710 91,978 30,299 4,389 276 765 35,729 5,955 1,306 134,968 + 252 +3,596 -2,300 + 28 + 134 +1,458 78 87 +1,545 +8,668 +3,416 -3,380 12 + 202 + 226 + 349 + 308 +9,551 + + + + 1,048 1,029 510 - 824 +2,520 +1,696 +2,701 -1,069 + 1 — 2 -. + 77 58 46 55 * Figures in parentheses are the eliminations made in the consolidating process. 1/ 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 $1,819 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $174 million securities loaned-fully secured by U.S. Government securities. 3/ Includes assets denominated in foreign currencies. 4/ Includes $17 million of certain deposits of foreign-owned banking institutions voluntarily held with member banks and redeposited in full with Federal Reserve Banks. ** Estimated (Chicago District). MATURITY DISTRIBUTION: OF LOANS AND SECURITIES. MARCH 29, 197S (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 yefire Over 5 years to 10 years Over 10 years Total Acceptances 356 7 607 363 607 U.S. Government securities Holdings Weekly changeg +l,62t 6,967 + 935 18,849 - 865 29,838 29,272 9,846 7,671 +1,696 102,443 Fedeial Agency obligations Weekly Holdings changes 17 ^ +57? 233 1,110 4 5 044 1,624 877 +572 8,761 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MARCH 29, 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 1,250 541 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 320 21 20 17 45 28 29 24 21 10 47 14 44 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 363 44 33 40 6 40 8 38 32 10 39 64 9 --- -- 607 607 --- — -- --- --- --- --- --- --- -— --- 664 648 391 1,270 337 -- -- -- Gold certificate account Special Drawing Rights certif. acct. Total bought outright 2/ Held under repurchase agreements 17 Total U.S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets 3/ Interdistrict settlement account _ ! 7,929 832 371 1,871 832 423 ._ -- — 38,222 1,786 194 318 397 1,045 — -- -- -- -5,039 9,021 2,039 3,199 3,125 1,887 6,123 1,622 936 1,534 1,911 -- -- -- -- -- _- -_ -- -- .- -- -- 51,486 9,452 2,406 442 12,152 2,231 2,747 504 4,310 791 4,209 773 2,542 467 8,248 1,514 2,185 401 1,260 231 2,065 379 2,574 473 6,788 1,246 99,160 3,283 102,443 112,174 4,634 5,290 8,300 8,107 4,896 15,885 4,208 2 ,427 3,978 4,958 4/13,073 .. -- -- _- -- -- -- -- -- 5,290 5,753 8,300 8,970 8,107 8,795 4,896 5,295 15,885 17,193 4,208 4,577 2 ,427 2 ,631 -- 4,634 5,049 23,404 3,283 26,687 30,030 3,978 4,335 4,958 5,419 13,073 14,127 11,755 385 1,934 -0- 311 107 83 + 69 1,057 10 396 -1,224 352 56 98 - 690 792 23 137 - 412 2,117 77 137 4- 226 1,279 14 133 - 456 1,481 16 245 + 635 469 13 80 - 143 540 29 68 +_ 12 917 19 70 + 228 826 12 91 4- 53 1,614 9 396 +1,702 — -- 6,919 19,340 6,053 5,539 21,528 3 ,540 6,918 10,596 139,536 6,291 12,475 34,094 6,243 TOTAL * Estimated (Chicago District). \J 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 $1,819 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $174 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. STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MARCH 29, 1978 H.4.1(c) Total Boston Philadelphia New York 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 91,978 4,744 23,641 4,776 7,842 8,367 3,496 15,224 3,932 1,901 3,489 4,056 10,510 30,299 4,389 276 765 35,729 7,936 886 223 9 1 1,119 238 6,828 1,190 1/ 71 638 8,727 721 779 298 12 5 1,094 246 1,717 284 23 1 2,025 417 1,650 346 15 24 2,035 1,763 1,978 225 21 57 2,281 885 4,525 287 42 6 4,860 871 884 252 8 2 1,146 328 881 144 8 2 1,035 500 1,378 246 12 1 1,637 777 1,662 410 16 15 2,103 556 7,131 484 39 13 7,667 634 1,306 136,949 56 6,157 334i. 33,423 60 6,176 91 10,375 157 12,322 77 6,739 178 21,133 47 5,453 30 3,466 44 5,947 61 6,776 171 18,982 1,048 1,029 510 32 32 22 44 44 27 90 87 44 55 55 43 79 78 22 159 157 79 33 32 21 32 31 11 44 43 19 59 58 26 146 145 67 6,291 10,596 12,475 6,918 21,528 5,539 3,540 6,053 6,919 19,340 139,536 I 6,243 275 267 129 34,094> FEDERAL RESERVE AGENTS' ACCOUNTS 103,431 F.R. notes outstanding Collateral for F.R. notes: 11,718 Gold certificate account 1,250 Special Drawing Rights certif. acct. Eligible Paper 333 90,130 U.S. Government securities 103,431 Total collateral " 3/ * 5,538 25,484 541 62 3,492 631 313 74 31 40 38 3/ -'4,897 _2L.648_._ _ 4^754 5,538 25,484 5,499 J S ^ ' JReserve i l r S 1Banks. ^ . 0 ' C e r t a i " d e P ° 8 l t 8 °' £ o r e l g n - ° W n e d Federal Includes securities borrowed from other reserve banks Estimated (Chicago District). 5,499 bankln 8,464 8,942 4,628 16,673 4,420 2,184 4,360 5,045 12,194 934 107 6 7,417 982 113 32 7.815 560 64 8 3,996 1,736 198 29 14,710 469 53 32 3,866 225 25 8 1.926 393 44 39 3^884 456 48 62 4,479 8,464 8,942 4,628 16,673 4,420 2,184 4,360 5,045 1,299 149 8 10,738 12,194 « i»"it«tlon. voluntarily held with member banks and redeposited In full with
@FedFRASER