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FEDERAL RESERVE '•.f^«5^ Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release October 26, 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 figures Week ended Change from week ended Wednesday Oct. 25, Oct . 18, Oct. 26, Oct. 25, 1978 1978 1977 1978 (In millions of dollars) 4- 889 4- 769 +16,875 4- 943 7,938 - 450 4- 44- 609 421 1/ 114,737 1,128 3 37 2/ 114,489 3,046 7,938 1,185 _- «_ 3 __ 282 4- 112 4- 251 724 65 16 130 1,796 4- 120 237 4- 2,095 + 291 4-21,351 460 4- 100 4- 454 4-21,965 4,879 2,738 136,795 11,655 1,300 11,749 161,499 109,047 1,314 4- 236 + 5,575 2,707 134,130 11,655 1,300 11,738 158,823 -2,095 36 - 190 1 - 4- -4- 9 - 183 - 361 7 - 4-10,042 310 116 310 15,377 4- 246 4- 9,392 11,748 8 12 37 257 624 4- 793 4-20,061 4,653 126,639 108,898 275 619 4,416 129,894 - 4- 34 4- 208 4- 111 28,929 9,099 38,100 37,752 _ 294 - 410 - 704 348 + 450 -1 ,154 4- 1,903 4- 693 4- 2,598 4- 2,452 4- 146 ! I 34,860 9,099 44,031 37,752 6,279 A net of $73 million of deficit reserves were eligible to be carried forward from the week ended October 18, into the week ending October 25. On October 25, 1978, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $88,046 million, an increase of $567 million for the week. Net of $1,242 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $1,242 million was with foreign official and international accounts. Includes securities loaned— fully secured by U.S. Government securities. Net of $1,490 million matched sale-purchase transactions outstanding at the end of the latest statement week,of which $1,490 million was with foreign official and international accounts. Includes $330 million securities loaned—fully secured by U.S. Government securities. 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) Wednesday Change since October 25, October 18, October 26, A S S E T S 1978 1978 1977 Gold certificate account — 11,655 + 60 Special Drawing Rights certif. acct. * 1,300 -+ 100 Coin 294 11 3 + Loans 1,796 + 136 + 613 Acceptances—Bought outright 1 724 + 724 + 503 Held under repurchase agreements 7,938 Federal Agency obligations—Bought outright 3 + 609 1,185 +1 ,185 Held under repurchase agreements 1/ + 985 U.S. Government securities: 48,206 +1,967 Bought outright--Bills + 8,495 Certificates 54,526 Notes + 4,670 11,757 Bonds + 3,256 H.4.1(a> Total bought outright If Held under repurchase agreements J7 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 (2,037) (2,037) (2,037) (2,037) C A P I T A L ACCOUNTS Capital paid in Surplus Other c a p i t a l a c c o u n t s * 114,489 3,046 117,535 129,178 10,997 395 2,343 156,162 +1,967 +3,046 +5,013 +7,055 -4,078 + 102 +3,082 +16,421 + 1,752 +18,173 +20,882 + 1,431 + 14 + 175 +22,651 97,902 34,860 11,748 257 624 47,489 6,118 1,916 153,425 - 323 +7,850 -3,600 + 5 + 70 +4,325 -1,320 + 231 +2,913 + 9,327 + 6,837 + 5,373 87 84 +12,039 + 269 + 766 +22,401 + — + + 166 + 1,067 1,029 641 -- + 3 46 46 158 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. 2/ Net of $1,490 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $330 million securities loaned— fully secured by U.S. Government securities. 3/ Includes assets denominated in foreign currencies. MATURITY DISTRIBUTION: OF LOANS AND SECURITIES, October 25, 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 Acceptances 1,745 51 724 1,796 724 U.S. Government securities Holdings Weekly changes 6,446 +2,994 24,328 +1,505 + 515 31,311 1 31,763 13,719 -9,968 -+5,013 117,535 Federal Agency obligations Holdings Weekly changes +1,112 1,223 369 + 57 1,488 + 16 + 86 3,663 1,520 89 860 -9,123 +1,182 H,4.1(b) STATEMENT OF GONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 25, 1978 : , Minneapolis Kansas City 466 55 231 28 425 48 509 57 1,300 152 18 22 10 43 17 37 189 215 78 52 96 116 156 --- --- — -- ~-- --- --- ~-- -- CleveRichmond land Atlanta (In millions of dollars) Boston New York 11,655 1,300 660 67 3,290 330 59869 921 112 974 116 518 51 1,763 215 294 17 21 15 37 24 33 1,796 Loans Acceptances: Bought outright — Held under repurchase agreements 724 Federal Agency obligations*-* 7,938 Bought outright 1,185 Held under repurchase agreements J7 U.S. Government securities: Bought outright— ! 48,206 Bills Certificates ! 54,526 Notes 1 11,757 Bonds 58 445 55 96 240 -— -724 -— --~ Total Philadelphia Chicago St. Louis San Dallas Francisco A S S E l i Gold certificate account Special Drawing Rights certIf. acct. Coin Total bought outright £/ Held under repurchase agreements JL/ Total U.S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets V Interdistrict settlement account TOTAL 1/ "" 2/ "" 3/ 369 1,931 1,185 398 661 650 359 324 191 325 412 -- -- -- -- -- -- -- -- -- -- -- 2,244 11,727 2,414 4,012 3,947 2,181 7,68 8 1,968 1,157 1,975 2,503 6,390 -- -- -- -- -- -- -- 2,537 547 13,264 2,860 2,731 589 4,538 978 4,465 963 2,466 532 8,696 1,875 2,227 480 114,489 3,046 117,535 129,178 5,328 5,734 9,528 9,375 5,179 18,259 4,675 -- -- -- -- -- 5,328 5,755 27,851 3,046 30.897 35,182 5,734 6,187 9,528 10,285 9,375 10,265 5,179 5,727 18,259 19,740 13,034 395 2,343 -0- 407 106 117 + 108 1,420 10 542 - 557 346 55 115 - 157 655 23 191 - Ill 2,024 83 176 - Ill 1,502 20 155 - 797 158,199 7,237 40,238 7,228 12,113 13,551 7,209 -- ... 1,266 1,052 -- -- -- 1,308 282 2,234 482 2,831 610 7,229 1,559 2,747 4,691 5 3 944 15,178 - - • -- -- 4,675 5,077 2,747 2,990 4,691 5,112 5", 944 6,472 15,178 16,386 1,694 16 310 4 590 13 106 + 581 776 29 62 + 27 1,312 19 85 + 17 914 12 135 + 829 1,394 9 349 + 175 23,752 6,910 4,153 7,061 8,945 19,802 • - - — — 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 $1,490 million matched -sale-purchase transactions outstanding at the end of the latest statement week. Includes $330 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 25, 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 5,052 25,362 4,928 8,305 8,727 3,246 16,439 4,255 1,812 4,047 4,636 11,093 34,860 j 1,150 11,748 590 8 257 624 1 47,489 1,749 8,155 269 8,242 4,015 1/ 52 479 12,788 855 1,269 592 12 27 1,900 202 2,483 600 23 2,247 464 21 60 2,792 871 5,266 601 42 13 5,922 726 1,060 98<? 9 3,106 340 1,926 822 15 19 2,782 1,753 2,055 440 798 725 8 2 1,533 692 1,513 391 12 1 1,917 921 2,365 1,107 16 8 3,496 571 6,541 855 39 14 7,449 515 97,902 1,916 155,462 71 7,141 527 39,532 80 7,110 130 11,881 130 13,392 114 7,023 246 23,333 70 6,820 38 4,075 63 6,948 88 8,791 359 19,416 1,067 1,029 641 33 32 31 279 267 160 44 44 30 92 87 53 56 55 48 80 78 28 161 157 101 33 32 25 32 31 15 45 43 25 62 58 34 150 145 91 158,199 7,237 40,238 7,228 12,113 13,551 7,209 23,752 6,910 4,153 7,061 8,945 19,802 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 1/ 110,610 5,876 27,573 6,103 8,894 9,502 4,523 17,895 4,726 2,376 4,686 5,559 12,897 11,655 1,300 1,623 96,032 110,610 660 67 58 5,091 5,876 3,290 330 360 23,593 27,573 598 69 55 5,381 6,103 921 112 96 7,765 8,894 974 116 234 8,178 9,502 518 51 172 3,782 4,523 1,763 215 196 15,721 17,895 466 55 78 4,127 4,726 231 28 42 2,075 2,376 425 48 83 4,130 4,686 509 57 93 4,900 5,559 1,300 152 156 11,289 12,897 After deducting $205 million participations of other Federal Reserve Banks.
@FedFRASER