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sM::J$i. FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release May 10, 1979 Averages of daily figures Week ended Change from week ended Wednesday Member bank reserves, May 2, May 10, Reserve Bank credit, May 9, May 9, 1978 1979* and related items 1979 1979* Reserve Bank credit: (In millions of dollars) U.S. Government securities — 1/ Bought outright--System account 810 105,663 4- 2,154 103,991 Held under repurchase agreements 380 - 1,382 Federal Agency obligations-Bought outright 7,434 30 495 7,434 Held under repurchase agreements 164 471 Acceptances — Bought outright Held under repurchase agreements 122 376 Loans — Total member bank borrowing 1,489 272 199 1 2,371 Includes seasonal borrowing of: 163 1 + 89 152 Other borrowing Float 6,997 38 4- 2,726 6,782 + Other F.R. assets 6,785 65 4- 3,478 6,811 4Total Reserve Bank credit - 1,131 128,368 4- 5,435 127,389 Gold Stock 11,408 9 310 11,382 Special Drawing Rights certif. acct. 1,300 450 -1,300 Treasury currency outstanding + 12,209 7 + 677 12,218 153,285 4- 5,852 - 1,133 152,289 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: 113,862 398 4,134 302 654 4,031 123,381 29,904 10,535 40,564 40,539 25 4444- 4- 625 6 736 6 105 567 702 _ 1,835 + ____571 1,264 1,115 149 4- 9,718 415 - 6,224 114,455 134 282 727 400 2,944 413 4148 4- 3,535 4,108 122,916 4- 2,315 4- 1,020 4- 3,381 4- 3,539 29,374 10,535 40,034 40,539 i A net of $89 million of surplus reserves were eligible to be carried forward from the week ended May 2, into the week ending May 9. On May 9, 1979, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $81,774 million a decrease of $2,128 million for the week. 1/ Net of $3,299 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $1,701 million was with foreign official and internafional accounts. Includes securities loaned —fully secured by U.S. Government securities. 2/ Net of $4,971 million matched sale-purchase transactions outstanding at the end of the Latest statement week,of which $1,995 million was with foreign official and international accounts.. Includes $57 million securities loaned—fully secured by U.S. Government securities. 3/ Adjusted to include $125 million waivers,'of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. * Estimated (Cleveland and Chicago Districts). ** Estimated (Treasury's figures). H.4.1(a> CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since May 9, May 2, May 10, 1979** 1979 A S S E T S 1978 11,382 - 34 Gold certificate account - 336 1,300 — Special Drawing Rights certif. acct. + 50 400 + 8 Coin + 97 2,371 + 699 Loans +1,184 Acceptances--Bought outright --— -.Held under repurchase agreements - 638 7,434 - 30 Federal Agency obligations—Bought outright - 495 --- 989 Held under repurchase agreements J7 U.S. Government securities: 35,972 -4,292 Bought outright--Bills -1,240 Certificates 54 662 +2,152 Notes 13 ,357 +3,664 Bonds Total bought outright 27 Held under repurchase agreements Total U.S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets jty TOTAL ASSETS 103 991 -1,240 103,991 113,796 (2,245) 13,141 -1,240 - 571 -3,780 397 -- 6,414 146,830 + 204 -4,173 + 1,524 -2,414 - 890 -1,828 +2,838 + 10 +3,888 +4,719 03,036 29,374 2,944 282 727 33,327 (2,245) 6,359 4/ 1,653 (2,245) 144,375 + 690 -1,894 -1,625 22 + 40 -3,501 -1,503 - 29 -4,343 +9,175 + 118 -4,987 - 302 + 42 -5,129 + 386 + 146 +4,578 + + + 1/ L I A B I t l l l l S Federal Reserve notes Deposits: Member bank-reserves account U.S. Treasury--general account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in Surplus Other c a p i t a l accounts 1/ 2/ 3/ 4/ 1,117 1,078 260 + 1 — 169 + 67 49 25 Figures in parentheses are the eliminations made in the consolidating process. Estimated (Cleveland and Chicago Districts). 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 $4,971 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $57 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, MAY 9, 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 2,278 93 2,371 Acceptances Federal Agency U.S. Government obligations securities Weekly Holdings Holdings Weekly changes 1 changes — -30 3,322 - 389 644 +40 15,149 -1,081 -40 937 + 230 28,234 „3,507 -33,843 — -1,571 11,875 ....m 775 11,568 7,434 -30 -1,240 103,991 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MAY 9, 1979 Total Bo9ton New York Philadelphia CleveRichmond 1 and * Atlanta (In millions of dollars) 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 ZJ 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/ Interdistrict settlement account TOTAL \_l 11,382 1,300 837 67 2,862 330 924 69 801 112 958 116 475 51 1,756 215 474 55 231 28 473 48 501 57 1,090 152 400 26 21 25 49 41 36 26 27 24 55 22 48 2,371 167 124 208 72 149 90 667 195 111 82 254 252 --- --- --- --- --- --- --- --- --- --- --- --- --- 7,434 360 1,832 356 597 609 308 1,180 316 165 328 405 978 -- -- -- -- -- -- -- -- -- -- -- -- -- 35,972 1,740 8,867 1,719 2,890 2,946 1,491 5,708 1,531 800 1,587 1,960 4,733 -- -- -- -- -- -- -- -- -- -- -- ~ 54,662 13,357 2,644 646 13,473 3,292 2,614 639 4,391 1,073 4,477 1,094 2,265 553 8,675 2,120 2,326 568 1,215 297 2,413 590 2,978 728 7,191 1,757 103,991 5,030 25,632 4,972 8,354 8,517 4,309 16,503 4,425 2,312 4,590 5,666 13,681 -- -- -- -- -- -- -- -- -- -- -- -- -- -- 103,991 113,796 5,030 5,557 25,632 27,588 4,972 5,536 8,354 9,023 8,517 9,275 4,309 4,707 16,503 18,350 4,425 4,936 2,312 2,588 4,590 5,000 5,666 6,325 13,681 14,911 15,386 397 6,414 -0- 260 106 237 392 1,636 10 1,517 +2,332 510 55 388 865 953 23 501 203 2,137 80 443 + 236 1,996 25 453 - 563 1,867 16 945 - 369 622 13 226 - 295 665 28 184 - 406 1,393 19 259 + 11 950 12 363 133 2,397 10 898 + 381 6,698 36,296 11,259 13,286 7,180 22,806 6,058 3,342 7,258 8,363 19,887 149,075 - - 6,642 - + 3/ Does not include U.S. Government and Federal Agency securities resold under matched sale-purchase trans* ictions to foreign official and international accounts, of which $-0- million was outstanding at the end of the latest statement week. Net of $4,971 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $57 million securities loaned--fully secured by U.S. Government securities. Includes assets denominated in foreign currencies; revalued monthly at market exchange rates. * Estimated (Cleveland and Chicago Districts). 2/ STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON May 9, 1979 H.4.1(c) Total Boston New York Philadelphia * •k 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 103,036 5,335 26,442 5,146 8,566 9,471 3,284 17,179 4,583 1,878 4,484 5,132 11,536 29,374 2,944 282 727 33,327 8,604 717 215 9 930 175 12 1,565 236 24 941 269 6,781 601 74 625 8,081 833 1,117 204 1,825 537 1,404 228 15 16 1,663 1,849 2,277 275 21 47 2,620 1,004 3,704 323 42 6 4,075 920 784 123 8 1 916 415 721 140 9 2 872 478 1,451 160 12 1 1,624 979 2,272 181 16 9 2,478 524 6,768 287 40 20 7,115 592 1,653 146,620 76 6,621 324 35,680 75 6,542 127 11,055 168 13,151 95 7,003 265 22,439 66 5,980 39 3,267 68 7,155 86 8,220 264 19,507 1,117 1,078 260 33 33 11 280 280 56 45 44 11 94 92 18 58 57 20 84 81 12 167 163 37 34 33 11 35 34 6 47 46 10 65 63 15 175 152 53 149,075 6,698 36,296 6,642 11,259 13,286 7,180 22,806 6,058 3,342 7,258 8,363 19,887 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding Collateral for F.R. notes: Gold certificate account Special Drawing Rights certif. acct. Eligible paper U 4 S S Government and agency securities Total collateral 115,759 6,357 29,177 5,977 9,171 10,333 4,842 18,421 5,020 2,348 4,994 5,842 13,277 11,382 1,300 1,969 101,108 115,759 837 67 160 5,293 6,357 2,862 330 124 25,861 29,177 924 69 159 4,825 5,977 801 112 72 8,186 9,171 958 116 138 9,121 10,333 475 51 77 4,239 4,842 1,756 215 573 15,877 18,421 474 55 122 4,369 5,020 231 28 96 1,993 2,348 473 48 76 4,397 4,994 501 57 234 5,050 5,842 1,090 152 138 11,897 13,277 1/ Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. * Estimated (Cleveland and Chicago Districts). • t
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