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FEDERAL RESERVE
•.f«s^v
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 securitiesBought outright—System account
Held under repurchase agreements
Special Certificates
Federal Agency oblications-Bought outright
Held under repurchase agreements
AcceptancesBought 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/
For immediate release
October 5, 1978
Averages of daily figures
Week ended Change from week ended Wednesday
October 4,
Sept. 27, October 5,
October 4,
1978
1978 x
1977
1978
(In millions of dollars)
+ 657
+ 636
--
+13 ,244
- 697
743
4
- 227
+
+
617
472
--.
603
+
-33
.
+
4
241
- 274
+
8
+
+
402
96
4,825
2,440
132,885
11,668
1,300
11,696
157,549
- 512
+ 141
+ 450
+ 1 ,559
1/ 112,987
2,056
—
7,946
1,285
213
\2/
112,278
182
—
- 1 ,429
7,941
79
—-.
216
l
|
1,506
199
+
4
- 306
+14 ,099
+
73
+
100
+ 465
+
454
+14,737
6,622
2,566
131,390
11,668
1,300
11,700
156,058
107,940
320
15,138
294
640
4,224
128,556
+
+
+
+
+
277
20
291
23
61
61
29
+ 9,818
113
+ 2,516
33
90
+
648
+12,746
108,550
320
12,162
272
545
3,904
125,753
28,992
9,913
38,975
38,751
+
+
+
+
424
95
521
532
+ 1,990
+
923
+ 2,757
+ 2,934
30,305
9,913
40,288
38,751
224
11
177
1,537
NOTE: A net of $127 million of surplus reserves were eligible to be carried forward
from the week ended September 27, into the week ending October 4.
On October 4, 1978, marketable U.S. Government securities held in custody by
the Federal Reserve Banks for foreign official and international accounts were
$85,479 million, an increase of $67 million for the week.
1/ Net of $1,673 million, daily average, matched sale-purchase transactions
outstanding during the latest statement week, of which $1,522 million was
with foreign official and international accounts. Includes securities
loaned—fully secured by U.S. Government securities.
2/ Net of $2,794 million matched sale-purchase transactions outstanding at the
end of the latest statement week, of which $1,737 million was with foreign
official and international accounts. Includes $152 million securities
loaned—fully secured by U.S. Government securities.
Includes $17 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).
1/
y
H.4.1(a>
CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS
(In millions of dollars)
Wednesday
Change since
Oct. 4,
Oct. 5,
Sept
1978
1977
1978
A S S E T S
73
1,668
Gold certificate account
-+
j .
mo
1,300
—
Special Drawing Rights certif. acct.
15
+
3
282
Coin
1,506
+ 349
Loans
+ 1,039
4
Acceptances--Bought outright
216
+ 132
- 537
Held under repurchase agreements
7,941
9
+ 612
Federal Agency obligations—Bought outright
79
-1,109
53
Held under repurchase agreements 1/
U.S. Government securities:
46,802
+ 6,417
981
Bought outright--Bills
Certificates
53,859
+ 4,003
Notes
11,617
+ 3,116
Bonds
W,
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 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
V
Total deposits
Deferred availability cash items
Other liabilities and accrued dividends
TOTAL LIABILITIES
(2,322)
(2,322)
(2,322)
(2,322)
C A P I T A L
A C C O U N T S
Capital paid in
Surplus
Other capital accounts
*
112,278
182
112,460
122,202
13,470
393
2,173
151,488
- 981
-2,922
-3,903
-5,209
+1,473
3
+ 239
-3^497
+13,536
- 1,080
+12,456
+14,182
+ 3,031
+
14
166
+17,219
97,452
30,305
12,162
272
545
43,284
6,848
1,670
149,254
+ 585
-2,484
-1,381
+
19
14
-3,860
+ 186
19
-3,108
+ 9,218
+ 1,552
+ 5,641
26
16
+ 7,151
1,061
1,029
144
--
1
-
388
+
174
+
570
+17,113
+
+
+
45
46
15
Figures in parentheses are the eliminations made in the consolidating process.
\/
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 $2,794 million matched sale-purchase transactions outstanding at the
end of the latest statement week. Includes $152 million securities loaned-fully secured by U.S. Government securities.
3/ Includes assets denominated in foreign currencies.
4/ Includes $17 million of certain deposits of foreign-owned banking institutions voluntarily held with member banks and redeposited in full with
Federal Reserve Banks.
MATURITY DISTRIBUTION: OF LOANS AND SECURITIES, October 4, 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 t o 90 days
91 days t o 1 year
Over 1 year t o 5 y e a r s
Over 5 y e a r s t o 10 y e a r s
Over 10 y e a r s
Total
1,207
269
30
—
-—
1,506
Acceptances
216
216
U.S. Government
Federal Agency
obligations
securities
Weekly
Holdings
Holdings
Weekly
changes I
changes
3,914
-4,094
152
-1,090
23,877
350
+ 433
+
10
29,952
- 190
1,429
38
52
31,257
3,619
-13,632
1,609
—
-9,828
861
—
-112,460
-3,903
8,020
-1,118
H.4.1(b)
STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON
CleveRichland | mond
Atlanta
(In millions of dollars)
October 4, 1978
Minneapolis
Kansas
City
466
55
231
28
425
48
509
57
1,300
152
22
21
9
43
16
29
217
76
36
37
112
205
88
---
---
---
-"
--
-~~
---
--~
---
Total
Boston
New
York
Philadelphia
11,668
1,300
660
67
3,302
330
598
69
921
112
974
116
519
51
1,763
215
282
16
20
13
39
22
32
1,506
40
501
9
5
180
—
---
-216
---
---
St.
Louis
Chicago
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 V
U.S. Government securities:
Bought outright—
Bills
Certificates
Notes
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/
Interdistrict settlement account
TOTAL
216
7,941
79
370
1,932
79
398
661
650
359
324
191
325
412
1,053
--
--
--
--
--
--
--
--
--
--
--
46,802
2,178
11,385
2,343
3,895
3,833
2,117
7,464
1,911
1,123
1,918
2,430
6,205
--
--
--
--
--
--
--
--
--
--
--
--
--
53,859
11,617
2,506
541
13,102
2,826
2,698
582
4,482
967
4,410
951
2,436
525
8,590
1,853
2,199
474
1,293
279
2,207
476
2,796
603
7,140
1,540
112,278
182
112,460
122,202
5,225
9,344
9,194
5,078
17,907
4,584
2,695
4,601
5,829
14,885
5,225
5,635
27,313
182
27,495
30,223
5,623
--
5,623
6,030
9,344
10,010
--
9,194
10,024
--
5,078
5,654
--
17,907
19,249
--
4,584
4,944
--
2,695
2,923
--
4,601
5,038
• --
15,792
393
2,173
-0-
591
106
90
24
1,832
10
444
+2,657
509
55
90
- 355
934
22
157
80
2,390
82
142
- 390
1,839
20
115
- 698
1,966
16
398
- 909
682
13
74
231
811
29
49
- 446
153,810
7,141
38,818
7,009
12,275
13,360
7,532
22,720
6,486
3,634
_-
—
+
1,266
+
--
" 5,829
6,446
14,885
16,026
1,307
19
72
+ 161
867
12
248
-{- 159
2,064
9
294
- 466
7,113
8,314
19,408
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 $2,794 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $152 million securities loaned--fully
secured by U.S. Government securities.
3/ Includes assets denominated in foreign currencies.
STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON
OCTOBER 4, 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
2/
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
97,452
5,047
25,090
4,900
8,185
8,715
3,422
16,211
4,240
1,799
4,077
4,657
11,109
30,305
12,162
272
545
43,284
9,170
718
951
9
1,068
601
12
1,681
262
2,301
1,066
23
1
3,391
390
1,561
763
15
24
2,363
2,034
1,935
717
21
53
2,726
1,146
4,106
798
42
4
4,950
832
894
736
8
1,678
271
8,268
3,162
1/ 67
441
11,938
850
1,638
477
574
509
8
2
1,093
639
1,269
626
12
2
1,909
975
1,813
1,092
16
6
2,927
527
5,798
1,141
39
12
6,990
767
1,670
151,576
73
7,069
361
38,239
72
6,915
119
12,085
128
13,240
73
7,367
387
22,380
61
6,416
36
3,567
59
7,020
76
8,187
225
19,091
1,061
1,029
144
153,810
33
32
7
7,141
275
267
37
38,818
44
44
6
7,009
91
87
12
12,275
56
55
9
13,360
80
78
7
7,532
161
157
22
22,720
33
32
5
6,486
32
31
4
3,634
45
43
5
7,113
61
58
8
8,314
150
145
22
19,408
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
Xj
2/
*
109,919
5,772
27,391
5,949
8,695
9,473
4,708
17,666
4,715
2,343
4,714
5,606
12,887
11,668
1,300
1,403
95,548
109,919
660
67
40
5,005
5,772
3,302
330
501
23,258
27,391
598
69
8
5,274
5,949
921
112
5
7,657
8,695
974
116
177
8,206
9,473
519
51
167
3,971
4,708
1,763
215
64
15,624
17,666
466
55
35
4,159
4,715
231
28
29
2,055
2,343
425
48
100
4,141
4,714
509
57
189
4,851
5,606
1,300
152
88
11,347
12,887
After deducting $205 million participations of other Federal Reserve Banks.
Includes $17 million of certain deposits of foreign-owned banking institutions voluntarily held with member banks and redeposited in full with
Federal Reserve Banks.
Less than $500,000.
@FedFRASER