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•: 0 o»; ••f^?:- FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate Telease May 25, 1978 Averages of daily figures 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 Member bank reserves: With Federal Reserve Banks Currency and coin Total reserves held 4/ Required reserves Excess reserves 4/ NOTE: 1/ TJ 3/ 4/ * Week ended Change from week ended Wednesday May 24, May 17, (May 25, May 24, 1978 1978 1 1977 1978 (In millions of dollars) 1/ + 423 -1,190 +5,667 -1,784 2/103,535 — 7,895 — 5 - 542 + 818 - 198 7,895 -- ._ -- .- 411 - 63 -• 346 701 104 - 166 + 13 + + 390 69 764 116 3,996 2,247 117,214 11,718 1,250 11,540 141,722 - 402 - 411 -2,704 — -+ 3 -2,701 +1,288 - 309 +5,463 + 89 + 50 + 471 +6,073 4,996 2,313 119,503 11,718 1,250 11,543 144,014 104,350 400 4,412 253 603 3,946 113,964 - 147 — -2,177 30 12 + 64 -2,302 +9,462 38 -6,093 10 + 55 + 571 +3,946 104,653 400 4,558 219 619 4,021 114,470 27,758 8,641 36,469 36,234 235 - 399 - 559 - 960 -1,174 + 214 +2,126 + 492 +2,536 +2,436 + 100 29,544 8,641 38,255 36,234 2,021 102,374 — _„ — A net of $35 million of surplus reserves were eligible to be carried forward from the week ended May 17, into the week ending May 24. On May 24, 1978, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $85,112 million, a decrease of $658 million for the week. Net of $2,284 millipn, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $1,073 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. Government securities. Net of $941 million matched sale-purchase transactions outstanding at the end of the latest statement week,of which $941 million was with foreign official and international accounts. Includes $290 million securities loaned-^fully secured by U.S. Government securities. Includes $13 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 $70 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 May 2 4 , May 17, 1978 A S S E T S 1 1978 Gold certificate account •-11,718 Special Drawing Rights certif. acct. 1,250 -Coin 296 -Loans 764 - 655 Acceptances--Bought outright --Held under repurchase agreements Federal Agency obligations--Bought outright 7,895 Held under repurchase agreements 1/ U.S. Government securities: Bought outright—Bills 40,813 +4,216 Certificates Notes 52,055 Bonds 10,667 -- Total bought outright 2/ Held under repurchase agreements \_l 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 */ Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES (2,114) (2,114) (2,114) (2,114) C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts s i nee ]4ay 2 5 , 1977 + + + - 89 50 28 313 60 818 + 1,773 + 3,323 + 2,533 103,535 +4,216 + 7,629 103,535 112,194 10,963 388 L925 138,734 +4,216 +3,561 -1,610 + 177 +2,128 + 7,629 + 8,700 + 2,252 + 19 394 +10,688 93,806 29,544 4,558 219 619 34,940 5,967 1,436 136,149 30 +2,927 + 53 13 + 42 +3,009 -1,067 + 88 +2,000 + 8,880 + 5,187 - 4,486 55 94 + 552 + 660 + 435 +10,527 + + + + 1,053 1,029 503 -- 2 — + 126 54 46 61 * 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 $851 million was outstanding at the end of the latest statement week. Net of $941 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $290 million securities loaned-fully secured by U.S. Government securities. Includes assets denominated in foreign currencies. Includes $13 million of certain deposits of foreign-owned banking institutions voluntarily held with member banks and redeposited in full with Federal Reserve Banks. 2/ 3^/ 4/ MATURITY DISTRIBUTION: OF LOANS AND SECURITIES, M a Y 24, 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 743 21 764 Accept- U.S. Government securities Holdings Weekly changes +1,204 4,638 +3,970 20,338 - 957 28,203 29,718 1 11,760 -8,878 -103,535 +4,216 Federal Agency obligations Holdings Weekly changes 75 200 1,158 3,961 1,654 847 7,895 , H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON May 24, 1978 New Total Boston York St. Cleve- Philadelphia Richmond Atlanta , (In millions of dollars) land 1 Chicago Louis Minneapolis Kansas City San Dallas Francisco A S S E T S 11,718 1,250 560 62 3,453 598 74 921 107 974 113 518 64 1,763 313 198 466 53 Coin 296 19 23 13 42 24 25 21 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 764 81 39 148 20 75 57 --- -_ -- --- -— -»- — -- --- 7,895 367 -- -- Gold certificate account Special Drawing Rights certif. acct. 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/ Interdistrict settlement account TOTAL \J 2/ 3^/ 4/ 1/ 40,813 -- 1/ 1,899 -- 10 46 15 37 78 60 37 67 67 35 — -- --- --- --- --- -— 322 189 323 410 -- -- 657 647 357 -- -- -- 9,928 2,044 3,397 3,342 -- - -- -- -- -- -- 2,607 4,332 4,262 2,355 2,126 534 888 873 483 8,302 1,701 5,185 8,617 8,477 4,684 16,512 496 103,535 4,818 25,186 -- -- 4,818 5,266 25,186 27,146 13,077 388 , 1,925 | 393 106 78 1,547 -0- [ - 136 +1,625 - 282 6,348 34,529 6,719 140,848 21 -- 12,663 2,595 -- 509 48 396 2,423 -- 425 44 -- 1,921 52,055 10,667 103,535 112,194 25 10 412 5,185 5,729 450 56 81 -"" 8,617 9,294 787 23 121 1,846 — 1,259 -6,509 1,666 -- — 980 -- 1,672 -- 1,300 149 1,047 -5,411 2,119 -- -- 2,133 2,702 436 1 ,249 256 437 554 6,901 1,414 4,228 2 ,485 4,242 5,375 4/ 13,726 -- -- 8,477 9,199 4,684 5,098 16,512 17,849 4,228 4,610 72,485 ,711 4,242 4,632 5,375 5,852 13,726 14,808 2,003 1,462 1,704 16 213 19 79 790 12 87 63 685 29 43 -_ 361 1,579 16 141 584 13 60 1,093 79 126 + 272 - 146 + 5,744 3 ,373 6,610 7,167 19,235 - 645 - 324 10,650 12,194 — -- 231 ' - 94 7,230 -- - 715 21,049 — - — -- 9 484 Does not include U.S. Government and Federal Agency securities resold under matched sale-purchase transactions to foreign official and international accounts, of which $851 million was outstanding at the end of the latest statement week. Net of $941 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $290 million securities loaned—fully secured by U.S. Government securities. Includes assets denominated in foreign currencies. Includes securities loaned to other Reserve Banks. 869 H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MAY 24, 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 93,806 4,904 24,038 4,926 7,925 8,465 3,556 15,545 4,016 1,901 3,666 4,197 10,667 29,544 4,558 219 619 34,940 8,081 772 241 9 2 1,024 277 7,456 740 1/ 15 499 8,710 820 910 414 12 1,405 337 15 18 1,775 1,706 2,123 351 21 51 2,546 871 3,628 509 42 6 4,185 738 960 274 8 1 1,243 352 626 209 8 3 846 520 l,43l 1,336 283 1,682 289 23 1 1,995 406 483 11 2 1,931 856 1,908 280 16 11 2,215 546 6,639 431 39 25 7,134 706 1,436 138,263 56 6,261 290 33,858 61 6,606 104 10,430 100 12,046 79 7,052 186 20,654 48 5,659 31 3,298 47 6,500 65 7,023 369 18,876 1,053 1,029 503 32 32 23 276 267 128 44 44 25 90 87 43 55 55 38 79 78 21 160 157 78 33 32 20 32 31 12 46 43 21 60 58 26 146 145 68 140,848 6,348 34,529 6,719 10,650 12,194 7,230 21,049 5,744 3,373 6,610 7,167 19,235 4,657 16,964 4,495 2,236 4,374 5,196 12,400 518 64 57 4,018 4,657 1,763 198 71 14,932 16,964 466 53 59 3.917 4,495 231 25 37 1,943 2,236 425 44 61 3.844 4,374 509 48 61 4,578 5,196 1,300 149 24 10,927 12,400 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 5,475 8,497 9,097 5,683 25,775 104,849 Collateral for F.R. notes: 11,717 598 921 973 Gold certificate account 560 3,453 74 Special Drawing Rights certif. acct. 107 113 1,250 62 313 71 147 20 725 39 Eligible Paper 78 3/ 4,656 7,940 U.S. Government securities 91,157 -'4,983 7,449 21,970 5,475 9,097 104,849 8,497 5,683 25,775 Total collateral 1/ After deducting $204 million participations of other Federal Reserve Banks, 27 Includes $13 million of certain deposits of foreign-owned banking institutions voluntarily Federal Reserve Banks. 3/ Includes securities borrowed from other Reserve Banks. * Less than $500,000. held with member banks and redeposited in full with
@FedFRASER