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FEDERAL RESERVE •.ff^itV*- Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release November 16, 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 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/ Averages of daily figures Week ended Change from week ended Wednesday Nov. 15, Nov. 8, 1 Nov. 16, Nov. 15, 1978* 1978 1 1978* 1977 (In millions of dollars) 1/ 109,186 — -2,984 - 452 — 7,932 -- +14,267 ; + 77 — - 119 632 189 - 66 1 + + — 2/ 108,114 — 603 7,932 -" -- — — 98 106 1,257 179 7,678 2,514 127,495 11,642 1,300 11,778 152,215 6,291 3,102 127,144 11,642 1,300 11,768 151,854 + 10 -1,943 + 1,206 + 595 +16,770 + 47 + 100 + 461 +17,378 110,758 305 8,092 273 521 3,995 123,944 + 930 + 23 -2,999 21 25 + 94 -1,998 + 9,875 113 + 6,302 56 54 + 478 +16,431 111,315 310 7,557 313 448 4,051 123,994 + + + + + 947 + 943 + 1,905 + 1,959 54 28,221 10,134 38,437 37,763 674 27,910 10,134 38,126 37,763 363 +1,912 - 159 -1,943 10 -- 55 64 127 161 34 A net of $132 million of surplus reserves were eligible to be carried forward from the week ended November 8, into the week ending November 15. On November 15, 1978, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $94,738 million, an increase of $1,982 million for the week. 1/ Net of $2,505 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $1,772 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. Government securities. 2/ Net of $3,223 million matched sale-purchase transactions outstanding at the end of the latest statement week,of which $2,251 million was with foreign official and international accounts. Includes $233 million securities loaned—fully secured by U.S. Government securities. y Adjusted to include $82 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. * Estimated (Richmond, Minneapolis, and San Francisco Districts). Estimated (Treasury's figures). NOTE: H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since November 15, Nov. 8, Nov. 16, 1978 ** 1978 1977 A S S E T S 11,642 7 + 47 Gold certificate account 1,300 + 100 Special Drawing Rights certif. acct. — 296 2 Coin + 1 + 474 1,257 + 888 Loans Acceptances—Bought outright Held under repurchase agreements 7,932 603 Federal Agency obligations—Bought outright Held under repurchase agreements J-/ U.S. Government securities: + 861 +10,243 41,831 Bought outright—Bills Certificates 54,526 + 4,910 Notes 11,757 + 3,016 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/ 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 (2,293) + 861 +18,169 108,114 117,303 15,598 + 861 +1,335 +3,714 +18,169 +19,660 396 (2,293) — 2^118 148,653 -L,6q_8 +3,432 100,143 28,221 7,557 + 672 +1,924 - 432 + 64 - 204 +1,352 +1,270 313 448 (2,293) (2,293) C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts * ** 108,114 36,539 7,920 1,585 146,187 12 +3,282 1,070 1,029 + 1 — 367 + 149 718 + 15 + 450 +19,555 + 9,581 + 3,882 + 6,358 + 45 46 +10,239 - 540 + 114 +19,394 + + + 47 46 68 Figures in parentheses are the eliminations made in the consolidating process Estimated (Richmond, Minneapolis and San Francisco Districts). \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 $3,223 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $233 million securities loanedfully secured by U.S. Government securities. _3/ Includes assets denominated in foreign currencies. MATURITY DISTRIBUTION: OF LOANS AND SECURITIES. November 15, 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 1,197 60 1,257 Acceptances U.S. Government securities Holdings Weekly changes 3,059 -2,899 + 210 18,073 30,655 +2,548 31,205 - 433 14,554 + 835 10,568 + 600 108,114 + 861 i Federal Agency obligations Holdings jWeekly [changes 94 292 1,503 3,663 1,520 860 7,932 +94 -94 -— — "* *" H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 15, 1978 Total 1 Boston New York Fhiladelnhia CleveRichland 1 mond* Atlanta (In millions of dollars) ( Chicago St. Louis Minneapolis * Kansas Citv San * Dallas Francisco ASSETS 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!/ U.S. Government securities: Bought outright-Bills Certificates Notes Bonds Total bought outright V Held under repurchase agreements J7 Total U.S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets V Interdistrict settlement account TOTAL U 11,642 1,300 660 67 3,277 330 598 69 921 112 974 116 518 51 1,763 215 466 55 231 28 425 48 509 57 1,300 152 296 18 21 14 37 23 34 18 20 11 42 18 40 1,257 65 743 13 11 75 67 95 9 20 103 44 12 — -~ — -- --- --- — -- --- --- --- -" -- --— --- ~" —— —— "" 7,932 369 1,930 397 660 649 359 1,265 324 190 325 412 -- -- -- -- -- -- -- -- -- -- -- -- 41,831 1,947 10,176 2,095 3,482 3,425 1,893 6,671 1,708 1,004 1,714 2,171 -- -- -- -- -- -- -- -- — — -- -- 54,526 11,757 2,537 547 13,264 2,860 2,731 589 4,538 978 4,465 963 2,466 532 8,696 1,875 2,227 480 1,308 282 2,234 482 2,831 610 7,229 1,559 108,114 5,031 26,300 5,415 8,998 8,853 4,891 17,242 4,415 2,594 4,430 5,612 ^14,333 — -- — -- -- -~ -- — — -- -- _c= -- 1,052 - • * 5,545 -- 108,114 117,303 5,031 5,465 26,300 28,973 5,415 5,825 83 998 9,669 8,853 9,577 4,891 5,317 17,242 18,602 4,415 4,748 2,594 2,804 4,430 4,858 5,612 6,068 14,333 15,397 17,891 396 2,118 -0- 528 106 72 20 3,597 10 468 + 491 475 55 74 - 112 933 23 119 - 617 2,375 83 207 - 207 2,455 21 113 -1,528 2,037 16 221 - 367 1,119 13 58 7 579 29 70 27 1,549 19 65 + 157 1,211 12 169 - 136 1,033 9 482 +2,319 150,946 6,896 37,167 6,998 11,197 13,148 6,981 22,505 6,472 3,779 7,163 7,908 20,732 + 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 outstnading at the end of the latest statement week. II Net of $3,223 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $233 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. * Estimated (Richmond, Minneapolis and San Francisco Districts). STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER If), 1978 H.4.1(c) Total Boston New York Philadelphia Cleveland Richmond** Atlanta Chicago St. Louis MinneKansas apolis** 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 2/ Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in Surplus Ofhpr capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 100,143 5,163 25,806 5,111 8,444 8,984 3,509 16,652 4,342 1,836 4,119 4,773 11,404 28,221 7,557 313 448 36,539 10,213 929 338 8 1 1,276 307 7,198 1,701 1/ 109 334 9,342 992 1,017 446 12 1,475 230 1,519 465 23 2 2,009 409 1,248 706 15 17 1,986 1,903 1,705 548 21 58 2,332 889 3,587 668 42 7 4,304 933 1,002 397 8 3 1,410 578 658 557 8 2 1,225 610 1,360 395 12 2 1,769 1,111 1,782 408 16 11 2,217 693 6,216 928 39 11 7,194 1,558 1,585 148,480 69 6,815 386 36,526 78 6,894 125 10,987 138 13,011 77 6,807 239 22,128 62 6,392 35 3,706 61 7,060 83 7,766 232 20,388 1,070 1,029 367 150,946 1 33 32 16 6,896 280 267 94 37,167 44 44 16 6,998 92 87 31 11,197 56 55 26 13,148 80 78 16 6,981 162 157 58 22,505 33 32 15 6,472 32 31 10 3,779 45 43 15 7,163 63 58 21 7,908 150 145 49 20,732 FEDERAL RESERVE AGENTS' jACCOUNTS F.R, note8 outstanding Collateral for F.R. notes: Gold certificate account Special Drawing Rights certif. acct. Eligible paper U.S. Government securities Total collateral 111,759 6,141 27,954 6,143 9,013 9,652 4,594 17,909 4,845 2,355 4,720 5,613 12,820 11,642 1,300 682 98,135 111,759 660 67 3,277 330 240 24,107 27,954 598 69 921 112 11 7,969 9,013 974 116 71 8,491 9,652 518 51 51 3,974 4,594 1,763 215 90 15.841 17,909 466 55 9 4,315 4,845 231 28 12 2,084 2,355 425 48 77 4,170 4,720 509 57 31 5,016 5,613 1,300 152 12 11,356 12,820 2/ 6 5 -5,349 6,141 y t 13 5,463 6,143 1/ After deducting $204 million participations of other Federal Reserve Banks. 2/ Includes securities borrowed from other Reserve Banks. * Less than $500,000. ** Estimated (Richmond, Minneapolis, and San Francisco Districts).
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