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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 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 memher 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: For immediate release October 19, 1978 Averages of daily figures Week ended Change from week ended Wednesday Oct. 18, Oct . 11, 1 Oct. 19, Oct. 18, 1978 1978 1 1977 1978 (In millions of dollars) 1/ 113,848 359 + - 337 430 +17,446 + 359 2/ 112,522 — 7,941 413 135 + + 612 413 1 + -170 + -9 + 17a _._ — 1,249 220 + + 10 11 + 612 106 1,660 220 7,941 — 4 7,654 2,671 134,304 11,656 1,300 11,729 158,990 +2 ,316 + 159 +2 ,536 12 — 26 + +2 ,551 + 3,257 + 344 +21,985 + 61 + 100 + 458 +22,605 7,637 2,636 132,396 11,655 1,300 11,735 157,086 109,266 310 15,131 283 585 4,208 129,783 + 365 + 3 + 624 64 26 + + 310 +1 ,264 +10,072 122 +10,427 44 32 + 782 +21,083 109,359 310 15,348 252 554 4,253 130,076 29,207 9,509 38,788 38,906 118 +1 ,288 - 553 + 735 +1 ,237 - 502 + 1,521 + 894 + 2,419 + 2,621 202 27,010 9,509 36,591 38,906 - 2,315 A net of $205 million of surplus reserves were eligible to be carried forward from the week ended October 11, into the week ending October 18. On October 18, 1978, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $87,479 million, an increase of $782 million for the week. 1/ Net of $2,131 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $1,367 million was with foreign official ajid international accounts. Includes securities loaned-fully secured by U.S. Government securities. 2/ Net of $3,457 million matched sale-purchase transactions outstanding at the end of the latest statement week>of which $1,726 million was with foreign official and international accounts. Includes $317 million securities loaned--fully secured by U.S. Government securities. 3/ Adjusted to include $72 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. Estimated (Treasury's figures). CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Change since Wednesday Oct. 19, October 18, Oct. n ; 1978 1977 1978 A S S E T S Gold certificate account + 60 12 11,655 Special Drawing Rights certif. acct. * + 1,300 -100 Coin 291 + 4 12 Loans 1,660 4- 985 - 1,890 Acceptances—Bought outright 4 _Held under repurchase agreements - 611 Federal Agency obligations—Bought outright 7,941 -612 Held under repurchase agreements J7 -1,228 -U.S. Government securities: Bought outright--Bills 46,239 -1,945 +10,318 Certificates Notes 54 ,526 + 667 + 4,670 Bonds 11 r757 + 3,256 + 140 H.4.1(a^ Total bought outright 2/ Held under repurchase agreements 1/ Total U.S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets \j TOTAL ASSETS Federal Reserve n o t e s D e p o s i t s : Member bank-reserves account U.S. T r e a s u r y - g e n e r a l account Foreign Other Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 112 ,522 -1,138 -3,178 -4,316 -5,170 + 273 (2,444) 112,522 122,123 15,075 395 5 (2,444) 2,241 153,080 + 81 -4,829 98,225 27,010 15,348 - 230 -4,633 + 264 - 48 + 21 -4,396 - 347 - 22 -4 ,995 252 554 (2,444) (2,444) C A P I T A L ACCOUNTS Capital paid in Surplus Other c a p i t a l accounts 43,164 7,438 1,685 150,512 1,064 1,029 + 475 + 2 -164 +18,244 +18,244 +16,962 + 3,994 + 15 + 316 +21,435 + 9 ,506 + 112 + 10 ,133 + - 9 8 + 10 ,246 + 896 + 588 +21 ,236 + + + 45 46 108 * 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 $-0- million was outstanding at the end of the latest statement week. Net of $3,457 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $317 million securities loaned-fully secured by U.S. Government securities. Includes assets denominated in foreign currencies. 2/ _3/ MATURITY DISTRIBUTION: OF LOANS AND SECURITIES. October 18, 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 1,579 81 ----1,660 Acceptances ------- U.S. Government securities Holdings Weekly changes 3,452 -4,609 -1,629 22,823 30,796 +1,187 31,764 + 508 13,719 + 87 9,968 + 140 -4,316 112,522 Federal Agency obli%ati ons Holdings Weekly changes 111 -1,190 312 38 -_ 1,472 -3,577 1,609 -- 860 __ 7,941 -1,228 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON Total [ Boston New York Philadelphia October 18, 1978 Cleve- RichAtlanta mond (In millions of dollars) land 1 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 2/ Held under repurchase agreements 1/ Total U.S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets V Interdistrict settlement account 11,655 1,300 660 67 3,290 330 598 69 921 112 974 116 518 51 1,763 215 466 55 231 28 425 48 509 57 1,300 152 291 17 21 14 37 24 32 20 22 8 44 18 34 1,660 175 458 15 3 76 205 312 98 45 89 158 26 --- — -- --- --- --- --- --- — -- --- --- --- --- --- 370 1,932 398 661 650 359 324 191 325 412 1,053 — -- -- -- -- -- -- -- -- -- -6,130 7,941 1,266 — — 46,239 2,152 11,248 2,316 3,848 3,786 2,092 7,374 1,888 1,110 1,894 2,401 -- -- -- -- -- -- _- -- -- -- -- -- -- 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 1,559 112,522 5,236 27,372 5,636 9,364 9,214 5,090 17,945 4,595 2,700 4,610 5,842 14,918 -- -- _- -- -- -- -- -- -- -- 112,522 122,123 5,236 5,781 27,372 29,762 5,636 6,049 10,028 9,214 9,940 5,090 5,654 17,945 19,523 4,595 5,017 2,700 2,936 4,610 5,024 5,842 6,412 14,918 15,997 17,519 395 2,241 -0155,524 463 106 105 + 247 7,446 2,666 10 492 +1,215 37,786 413 55 99 - 426 6,871 862 23 198 - 386 11,795 2,544 83 170 - 464 13,387 2,480 20 125 -1.310 7,570 2,387 16 291 -1,061 23,154 712 13 81 + 414 6,780 808 29 54 93 4,001 1,315 19 81 + 181 7,137 914 12 122 + 660 8,704 1,955 9 423 +1,023 20,893 — -- — 9 3 364 TOTAL 2/ 2/ V 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 $3,457 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $317 million securities loaned--fully secured by U.S. Government securities. Includes assets denominated in foreign currencies. STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 18, 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 98,225 | 5,092 25,306 4,938 8,320 8,768 3,361 16,416 4,273 1,816 4,095 4,670 11,170 27,010 15,348 252 554 43,164 9,882 1,884 310 5,155 915 4,620 579 1/ 48 12 449 * 10,272 1,506 1,167 . 232 1,483 1,235 23 1 2,742 382 1,214 954 15 21 2,204 2,123 2,008 775 21 55 2,859 1,086 3,597 1,533 42 4 5,176 914 926 966 8 1 1,901 459 717 675 8 3 1,403 668 1,385 456 12 2 1,855 1,018 2,079 1,135 16 8 3,238 568 6,550 1,525 39 10 8,124 955 1,685 152,956 72 7,358 377 37,122 85 6,761 133 11,577 146 13,241 85 7,391 257 22,763 64 6,697 40 3,927 63 7,031 83 8,559 280 20,529 1,064 1,029 : 475 155,524 33 32 23 7,446 275 267 122 37,786 44 44 22 6,871 92 87 39 11,795 56 55 35 13,387 80 78 21 7,570 161 157 73 23,154 33 32 18 6,780 32 31 11 4,001 45 43 18 7,137 62 58 25 8,704 151 145 68 20,893 981 895 8 * 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 110,387 5,813 27,543 6,039 8,845 9,489 4,606 17,793 4,734 2,367 4,695 5,560 12,90? 11,655 1,300 1,576 95,856 110,387 660 67 175 4.911 5,813 3,290 330 457 23.466 27,543 598 69 15 5,357 6,039 921 112 2 7,810 8,845 974 116 72 8,327 9,489 518 51 183 3.854 4,606 1,763 215 308 15,507 17,793 466 55 92 4,121 4,734 231 28 39 2,069 2,367 425 48 68 4,154 4,695 509 57 139 4,855 5,560 1,300 152 26 11,425 12,903 1/ After deducting $204 million participations of other Federal Reserve Banks. * Less than $500,000.
@FedFRASER