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,-.&&?a& '••f'SuK^ FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release November 9, 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/ NOTE: 1/ 2/ 3/ * ** Averages of daily figu res Week ended Change from week ended Wednesday Nov. 8, Nov. 1, 1 Nov. 9, Nov. 8, 1978* 1978 | 1977 1978 (In millions of d ollars) 1/ 112,170 452 -1,942 -1,130 +16,974 + 452 2/ 107,253 , 1 7,932 77 - 5 377 + + 603 77 119 - 138 + 119 " 698 190 - 611 44 + 189 103 783 174 6,170 3,185 125,323 11,649 1,300 11,761 150,033 110,617 310 7,989 249 652 3,918 123,735 4,653 3,128 129,227 11,652 1,300 11,758 153,937 + 7 -4,313 + 1,036 + 662 +19,730 + 57 + 100 + 457 +20,344 109,813 296 11,091 294 546 3,902 125,941 + 884 + 5 -4,017 + 9 4 - 670 -3,793 + 9,927 122 + 8,162 + 5 25 + 701 +18,648 + + + 1,694 + 888 + 2,588 +2,206 + 382 27,995 10,070 38,139 37,602 537 - 302 + 190 -4,318 3 -- 521 221 297 696 399 7,932 -- 1 26,297 10,070 36,441 37,602 - 1,161 A net of $75 million of surplus reserves were eligible to be carried forward from the week ended November 1, into the week ending November 8. On November 8, 1978, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $92,756 million, an increase of $953 million for the week. Net of $883 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $442 million was with foreign official and international accounts. Includes securities loaned-fully secured by U.S. Government securities. Net of $5,007 million matched sale-purchase transactions, outstanding at the end of the latest statement week of which $1,917 million was with foreign official and international accounts, Includes $212 million securities loaned—fully secured by U.S. Government securities. Adjusted to include $74 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. Estimated (Chicago and Kansas City Districts) . Estimated (Treasury's figures). H.4.1(a> FEDERAL RESERVE BANKS CONSOLIDATED STATEMENT OF CONDITION OF ''In millions of dollars) . Change Wednesday Nov. 1, Nov. 8, 1978 A S S E T S 1978** Gold certificate1, account Special Drawing Rights certif. acct. Coin Loans Acceptances--Bought outright Held under repurchase agreements Federal Agency obligations—Bought outright Held under repurchase agreements \J U.S. Government securities: Bought outright--Bills Certificates Notes Bonds 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/ TOTAL ASSETS 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 1/ 2/ 3/ - 405 6 --- + + + + 54 100 4 198 -- -— 7,932 -- -- -1,019 -- 40,970 -4,615 + 7,656 54,526 11,757 + 603 + 4,670 + 3,256 107,253 -4,615 -2,676 +15,582 (2,265) 107,253 115,968 12,842 396 2,789 -7,291 -9,720 - 167 + 1 - 32^ (2,265) 145,242 -9,924 +15,582 +16,383 + 1,800 + 15 + 656 +19,012 99,465 26,297 7,989 249 652 35,187 (n 265) 6,672 1,602 (2,265) 142,926 +1,129 -3,871 -6,333 + 5 + 79 -10,120 - 276 81 -9,348 + 9,261 + 2,517 + 5,857 65 62 + 8,247 + 1,008 + 376 +18,892 + + + + C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts * -1,005 -« -- 1/ L I A B I L I T I E S Federal Reserve notes ** 11,649 1,300 298 783 Nov. ~~T, 1977 1,069 1,029 218 1 — - 577 46 46 28 Figures in parentheses are the eliminations made in the consolidating process. Estimated (Chicago and Kansas City 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 $5,007 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $212 million securities loaned-fully secured by U.S. Government securities. Includes assets denominated in foreign currencies. MATURITY DISTRIBUTION: OF LOANS AND SECURITIES, November 8, 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 704 79 783 Acceptances U.S. Government securities Holdings 5,958 17,863 28,107 31,638 13,719 9,968 107,253 Weekly changes -2,708 -2,486 -2,097 ----7,291 Federal Agency obligations Holdings -386 1,503 3,663 1,520 860 7,932 Weekly changes -1,019 + 17 17 -1,019 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 8, 1978 Total Boston New York Philadelphia CleveRichmond Atlanta land (In millions of dollars) Chicago * St. Louis Minneapolis San Kansas City * Dallas Francisco A S S E T S 11,649 1,300 660 67 3,283 330 598 69 921 112 974 116 519 51 1,763 215 466 55 231 28 425 48 509 57 1,300 152 Coin 298 19 19 14 36 23 36 19 20 11 43 18 40 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 783 56 35 8 3 39 96 101 33 36 94 82 200 7,932 369 1,930 397 660 649 359 1,265 324 190 325 412 1,052 -- -- -- — -- -- -- -- -- -- 1,907 9,967 2,052 3,410 3,354 1,853 6,534 1,673 1,679 2,127 5,431 — -- -- -- -- -7,229 1,559 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 * 1/ 2/ 3/ 4/ — 40,970 — — — — — — 983 -- — 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 2,831 610 107,253 4,991 26,091 5,372 8,926 8,782 4,851 17,105 4,380 2,573 4,395 5,568 4/14,219 -- -- -- -- -- -- -- -- -- -• 4,991 5,416 26,091 28,056 5,372 5,777 8,926 9,589 8,782 9,470 4,851 5,306 17,105 18,471 4,380 4,737 2,573 2,799 4,395 4,814 5,568 6,062 14,219 15,471 15,107 633 396 106 116 2,789 j - 502 -0- 2,302 10 580 +3,727 599 55 110 - 145 764 24 186 619 2,277 83 185 680 1,936 20 406 -1,318 1,718 16 325 - 460 677 13 105 216 795 29 63 273 1,452 19 95 + 173 950 12 138 255 1,004 9 480 -1,224 38,307 7,077 13,808 6,956 22,067 3,683 7,069 7,491 17,232 107,253 115,968 j | 147,507 6,515 — - 11,013 + + 6,289 - -- - -- Estimated (Chicago and Kansas City 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 $5,007 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $212 million securities loaned--fully secured by U.S. Government securities. Includes assets denominated in foreign currencies. Includes securities loaned to other Reserve Banks. STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 8 , 1978 H.4.1(c) Total Boston New York Philadelphia 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 TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 99,465 5,109 25,687 5,069 8,362 8,916 3,499 16,510 4,318 1,812 4,115 4,775 11,293 26,297 7,989 249 652 35,187 8,937 428 537 8 1 974 294 9,569 935 1/ 45 533 11,082 593 1,081 359 12 * 1,452 390 1,357 580 23 2 1,962 377 1,041 1,739 15 20 2,815 1,823 1,469 518 21 53 2,061 1,156 3,729 374 42 4 4,149 835 535 774 8 1 1,318 430 629 499 8 1 1,137 630 1,083 450 12 2 1,547 1,250 1,460 484 16 5 1,965 543 3,916 740 39 30 4,725 616 1,602 145,191 64 6,441 341 37,703 70 6,981 114 10,815 127 13,681 72 6,788 221 21,715 149 6,215 35 3,614 61 6,973 74 7,357 274 16,908 1,069 1,029 218 33 32 9 280 267 57 44 44 8 92 87 19 56 55 16 80 78 10 162 157 33 33 32 9 32 31 6 45 43 8 62 58 14 150 145 29 147,507 6,515 38,307 7,077 11,013 13,808 6,956 22,067 6,289 3,683 7,069 7,491 17,232 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding Collateral for F.R. notes: Gold certificate account Special Drawing Rights certif. acct. Eligible paper U.S. Government securities Total collateral 111,296 6,087 11,649 1,300 587 97,760 111,296 660 67 2/ £/ 56 5,304 6,087 27,744 6,132 8,902 9,601 4,658 17,930 4,739 2,355 4,681 5,628 12,839 598 3,283 330 69 35 8 2/ 24,096 ^5,457 6,132 27,744 921 112 3 7,866 8,902 974 116 34 8,477 9,601 519 51 79 4,009 4,658 1,763 215 99 15.853 17,930 466 55 24 4.194 4,739 231 28 28 2,068 2,355 425 48 66 4,142 4,681 509 57 66 4,996 5,628 1,300 152 89 11,298 12,839 1_/ After deducting $204 million participations of other Federal Reserve Banks. l_l Includes securities borrowed from other Reserve Banks. * Less than $500,000. ** Estimated (Chicago and Kansas City Districts).
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