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FEDERAL RESERVE
Factors Affecting Bank Reserves and
Condition Statement of F.R. Banks
H.4.1
For immediate release
May 11, 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
Federal Agency obligations-Bought outright
Held under repurchase agreements
Acceptances-Bought outright
Held under repurchase agreements
LoansTotal 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/
Averages of daily figures
Week ended Change from week ended Wednesday
May 10,
May 3,
May 11,
May 10,
1978
1978
1977
i 1978
(In millions of dollars)
1/ 103,509
1,382
+ 665
+ 426
+6,199
-1,264
[2/102,467
[
2,414
471
+
__
240
+
+
852
308
..
376
+
__
126
-
84
186
+
+
23
12
+1,532
+
51
1,186
4,395
3,307
123,057
11,718
1,250
11,532
147,557
+ 152
+ 139
+1 ,771
--+
15
+1 ,786
+1,265
+
93
+8,715
+
82
+
50
+ 484
+9,331
4,458
2,913
122,994
11,718
1,250
11,532
147,494
104,130
+ 721
+
9
+2 ,240
- 35
- 89
- 125
+2 ,720
+9,201
44
-2,915
+
77
+ 109
+ 718
+7,146
104,691
+
-
+2,186
+ 510
+2,621
+2,377
+ 244
7,929
1,688
72
398
10,358
436
641
3,883
119,846
27,71.3
9^508
37,299
37,009
933
263
673
598
75
7,929
989
——
638
85
400
7,931
584
685
3,821
118,112
29,383
9,508
38,969
J
37,009
290
1,960
NOTE: A net of $153 million of surplus reserves were eligible to be carried forward
from the week ended May 3, into the week ending May 10.
On May 10, 1978, marketable U.S. Government securities held in custody by
the Federal Reserve Banks for foreign official and international accounts were
$85,264 million, an increase of $79 million for the week.
1/ Net of $758 million, daily average, matched sale-purchase transactions
outstanding during the latest statement week, of which $758 million was
with foreign official and international accounts. Includes securities
loaned--fully secured by U.S. Government securities.
2/ Net oi $?,92.2 million matched sale-purchase transactions, outstanding at the
end of the latest statement week of which $1,922 million was with foreign
official and international accounts. Includes $248 million securities
3/
V
loaned—fully secured by U.S. Government s e c u r i t i e s .
Includcc $14 m i l l i o n of c e r t a i n d e p o s i t s of foreign-owned banl.ing i n s t i t u t i o n s
vcJr-{r:?7y held with member banks and redeposited in f u l l with l e d c r a l
Reserve Banks.
Adjusted to include $78 million waivers of p e n a l t i e s for rcscivc d e f i c i e n c i e s
in a(ff-Lwr.icc with Board policy e f f e c t i v e November 19, 197!:.
Estimated (Treasury's f i g u r e s ) .
H.4.1(b)
STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON May 10, 1978
Total
j
Boston
New
York
Philadelphia
CleveRichland
mond
Atlanta
(In mill ions of d ollars)
Chicago
St.
Louis
Minneapolis
Kansas
City
San
Dallas Francisco
A S S E T S
Gold certificate account
Special Drawing Rights certif. acct.
1
1
Coin
Loans
Acceptances:
Bought outright
Held under repurchase agreements
Federal Agency obligations—
Bought outright
Held under repurchase agreements —'
U.S. Government securities:
Bought outright-Bills
Certificates
Notes
Bonds
Total bought outright 2/
Held under repurchase agreements J7
Total U.S. Government securities
Total loans and securities
Cash items in process of collection
Bank premises
Other assets 3_/
Interdistrict settlement account
TOTAL
V
2/
J3/
4/
11,718
1,250
560
62
3,453
313
598
74
921
107
974
113
518
64
1,763
198
466
53
231
25
425
44
509
48
1,300
149
303
21
21
16
43
25
27
22
20
9
46
14
39
1,186
119
63
175
26
72
161
128
120
41
103
152
26
-_
~"
--
--
~~
—
~~
--
~"
--
"~
-~
~—
638
——
-~
'
638
1
7,929
989
369
1,929
989
397
660
649
--
--
--
"-
40,264
1,873
9,795
2,017
--
--
—
52,510
9,693
2,444
451
12,774
2,358
102,467
2,414
104,881
115,623
4,768
•
~~
~~
-"
-~
359
1,264
324
190
325
412
1,051
--
--
-"
-~
~~
--
--
966
1,650
2,090
3 338
•
—"
—-
--
3,297
1,822
6,421
1,644
--
--
--
—
—
2,630
485
4,370
807
4,300
794
2,375
438
8,375
1,546
2,144
396
1 ,260
233
2,151
397
2,726
503
6,961
1,285
5,132
8,528
8,391
4,635
16,342
4,184
2 ,459
4,198
5,319
4/
13,584
--
--
--
--
--
--
--
--
--
4,768
5,256
24,927
2,414
27,341
30,960
5,132
5,704
8,528
9,214
8,391
9,112
4,635
5,155
16,342
17,734
4,184
4,628
2 ,459
2 ,690
4,198
4,626
5,319
5,883
13,584
14,661
12,080
387
2,526
-0-
373
106
107
+ 119
1,843
10
567
-1,133
360
56
115
- 97
697
23
174
- 263
1,921
78
171
- 115
993
16
132
- 73
1,550
16
315
+ 553
527
13
93
+ 199
-
561
29
58
72
1,069
19
95
+ 370
679
12
121
+ 248
1,507
9
578
+ 264
143,887
6,604
36,034
6,826
10,916
12,279
6,832
22,151
5,999
3 ,531
6,694
7,514
18,507
—
--
3,351
• - ~
—
—
--
—
--
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 $1,922 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $248 million securities loaned—fully
secured by U.S. Government securities.
Includes assets denominated in foreign currencies.
Includes securities loaned to other Reserve Banks.
H.4.1(c)
STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MAY 10, 1978
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
93,861
4,909
24,049
4,867
7,986
8,519
3,508
15,565
4,034
1,911
3,635
4,180
10,698
29,383
7,931
584
685
38,583
7,622
950
345
9
1
1,305
257
6,857
2,061
1/ 379
576
9,873
1,131
1,063
489
12
5
1,569
226
1,701
546
23
1
2,271
358
1,343
565
15
19
1,942
1,596
1,937
550
21
52
2,560
531
4,814
467
42
2
5,325
721
956
507
9
1
1,473
368
810
224
8
2
1,044
477
1,443
656
11
2
2,112
801
2,055
635
16
13
2,719
422
5,454
886
39
11
6,390
734
1,507
141,573
58
6,529
382
35,435
61
6,723
104
10,719
97
12,154
66
6,665
189
21,800
50
5,925
30
3,462
47
6,595
63
7,384
360
18,182
1,050
1,029
235
32
32
11
274
267
58
44
44
15
90
87
20
55
55
15
79
78
10
160
157
34
33
32
9
32
31
6
45
43
11
60
58
12
146
145
34
i 143,887
6,604
36,034
6,826
10,916
12,279
6,832
22,151
5,999
3,531
6,694
7,514
18,507
FEDERAL RESERVE AGENTS' ACCOUNTS
F.R. notes outstanding
104,390
Collateral for F.R. notes:
Gold certificate account
11,717
1,250
Special Drawing Rights certif. acct.
Eligible Paper
1,136
90,287
U.S. Government securities
104,390
Total collateral
1/
2/
3/
5,582
25,777
5,409
8,539
9,067
4,494
16,896
4,504
2,214
4,355
5,177
12,376
560
62
3,453
313
61
21,950
25,777
598
74
175
4,562
5,409
921
107
26
7,485
8,539
974
113
72
7,908
9,067
518
64
152
3,760
4,494
1,763
198
115
14,820
16,896
466
53
120
3,865
4,504
231
25
41
1,917
2,214
424
44
93
3,794
4,355
509
48
138
4,482
5,177
1,300
149
24
10,903
12,376
3/ U 9
-4,841
5,582
After deducting $205 million participations of other Federal Reserve Banks?
Includes $14 million of certain deposits of foreign-owned banking institutions voluntarily held with member banks and redeposited in full with
Federal Reserve Banks.
Includes securities borrowed from other Reserve Banks.
@FedFRASER