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vblijOteV/. -.f^rRfc^ FEDERAL RESERVE Factors Affecting Bank Reserves ancf 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-3ought 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 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/ NOTE: For immediate release September 7, 1978 Averages of daily figure Week ended Change from week ended Wednesday Sept. 6, Aug. 30, 1 Sept. 7, Sept. 6, 1978* 1978* 1978 1 1977 (In millions of dollars) - 613 - 751 +15,073 + 932 242 5 - 262 + + 622 242 -258 -71 + 258 — 186 + 144 - 22 + + 528 72 785 172 4,151 2,189 126,210 11,679 1,300 11,670 150,859 - 347 + 218 -1,688 1 — + 12 -1,676 + 563 +17,910 + 84 + 100 + 459 +18,553 4,118 3,742 122,792 11,679 1,300 11,672 147,443 107,811 + 809 - 50 -2,207 + 3 + 227 - 204 -1,421 + 9,591 108,470 1/ 109,299 932 7,976 1,164 320 9,468 267 828 4,115 122,810 28,049 9,588 37,705 37,319 386 - + - 256 118 138 220 + . 82 4 305 2/ 106,175 — 7,972 "' ! -- 120 320 + 5,781 7,414 123 301 + 185 + 943 + 16,259 1,555 3,685 121,745 + 2,294 + 647 + 2,908 + 2,753 + 155 25,699 9,588 35,355 37,319 - 1,964 A net of $173 million of surplus reserves were eligible to be carried forward from the week ended August 30, into the week ending September 6. On September 6, 1978, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign official and international accounts were $85,463 million, a decrease of $254 million for the week. 1/ Net of $1,666 million, daily average, matched sale-purchase transactions outstanding during the latest statement week, of which $1,133 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. Government securities. 2/ Net of $4,790 million matched sale-purchase transactions outstanding at the end of the latest statement week,of which $1,056 million was with foreign official and international accounts. Includes $92 million securities loaned--fully secured by U.S. Government securities. 3/ Includes $16 million of certain deposits of foreign-owned banking institutions voluntarily held with member banks and redeposited in full with Federal Reserve Banks. 4/ Adjusted to include $68 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. Estimated (Treasury's figures). ** Estimated (Richmond and Atlanta Districts). H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OB ALL FEDERAL RESERVE BANKS (In millions of dollars) Change Wednesday Aug. 30, Sept. 6, 1978 A S S E T S 1978** Gold certificate account 11,679 1 Special Drawing Rights certif. acct. * 1,300 — Coin 267 - 10 Loans 785 - 525 Acceptances--Bought outright — . 449 Held under repurchase agreements 7,972 Federal Agency obligations--Bought outright 6 Held under repurchase agreements 1/ — - 896 U.S. Government securities: Bought outright—Bills 41,450 -3,625 Certificates 53,229 Notes 11,496 Bonds Total bought outright 27 Held under repurchase agreements \j Total U.S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets 3_/ TOTAL ASSETS t l A B I L I T I I S Federal Reserve notes Deposits: Member bank-reserves account U.S. Treasury—general account Foreign Other 4,/ Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 106,175 (1,815) (1,815) 97,384 25,699 7,414 301 (1,815) (1,815) C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts * ** 106,175 114,932 11,473 394 3^348. 143,393 __ 1,555 34,969 7,355 1,396 141,104 + + + + 84 100 7 215 4 618 — + 7,300 + 4,266 + 3,123 -3,625 -2,503 -6,128 -8,004 - 213 + 2 +1,726 -6,500 +14,689 +15,518 + 507 + 18 + 1,181 +17,401 + 831 -3,954 -4,748 + 66 + 924 -7,712 +1,117 - 243 -6,007 + 8,961 + 4,296 + 2,573 174 + 834 + 7,529 + 334 + 422 +17,246 »«. — 1,059 1,029 201 since Sept. 7, 1977 - 493 +14,689 + + + 46 46 63 Figures in parentheses are the eliminations made in the consolidating process. Estimated (Richmond and Atlanta Districts). 1/ Does not include U.S. Government and Federal Agency securities resold under 2/ 3/ 4/ 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 $4,790 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 92 million securities loanedfully secured by U.S. Government securities. Includes assets denominated in foreign currencies. Includes $16 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. September 6, 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 660 125 785 Acceptances U.S. Government securities Holdings Weekly [changes 4,728 17,722 29,538 30,959 13,521 9,707 106,175 -1,676 -4,337 + 80 - 195 — *-6,128 Federal Agency obligations Holdings Weekly changes 97 320 1,459 3,594 1,641 -944 + 62 - 20 8vl -— .. 7,972 -902 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER 6, 1978 Total Boston New York Philadelphia CleveRichland | mond*. Atlanta* (In millions of dollars) Chicago St. Louis Minneapolis Kansas City San Dallas Francisco A S S E T S Gold certificate account Special Drawing Rights certif. acct. 11,679 1,300 660 67 3,314 330 598 69 921 112 974 116 518 51 1,763 215 466 55 231 28 425 48 509 57 1,300 152 Coin 267 15 22 11 39 22 25 21 19 9 42 13 29 Loans Acceptances: Bought outright Held under repurchase agreements Federal Agency obligations— Bought outright Held under repurchase agreements JL/ U.S. Government securities: Bought outright— Bills Certificates Notes Bonds 785 78 47 21 15 33 139 73 31 54 60 73 161 --- — -- — -- — -- — — --- -_ --- -— __ -- — --- --- 7,972 371 1,939 399 663 653 361 1,271 326 191 327 414 1,057 -- -- ~- -- -- -- -- -- -- -- -- -- -- 41,450 1,929 10,083 2,076 3,450 3,394 1,875 1,692 995 1,698 2,152 5,495 -- -- _- -- -- -- -- -- -- -- __ -- -- 53,229 11,496 2,477 535 12,949 2,796 2,666 576 4,430 957 4,358 941 2,408 520 8,489 1,833 2,174 470 1,277 276 2,181 471 2,763 597 7,057 1,524 106,175 4,941 25,828 5,318 8,837 8,693 4,803 16,933 4,336 2,548 4,350 5,512 -/14,076 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/ Interdistrict settlement account TOTAL 1/ J -- -- _- _- -- -- 106,175 114,932 4,941 5,390 25,828 27,814 5,318 5,738 8,837 9,515 8,693 9,379 4,803 "~ 5,303 -- 13,288 394 3,348 -0- 484 106 79 + 403 1,846 10 424 +3,800 551 55 86 - 379 822 23 133 - 548 1,999 83 118 - 105 145,208 7,204 37,560 6,729 11,017 12,586 6,611 • -- -- -- 16,933 18,277 4,336 4,693 2,548 2,793 4,350 4,737 5,512 5,999 14,076 15,294 1,231 21 103 - 652 1,795 16 1,468 - 786 463 13 129 - 202 439 29 214 - 151 1,321 19 115 - 67 896 10 160 - 473 1,441 9 319 - 840 6,600 22,769 5,636 3,592 6,640 7,171 17,704 _.. -- -- 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 $4,790 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $92 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 and Atlanta Districts). STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER 6, 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 1 " 97,384 5,055 25,120 4,971 8,187 8,745 3,355 16,224 4,143 1,831 4,028 4,573 11,152 25,699 7,414 301 1,555 34,969 9,170 869 834 8 858 471 12 1,711 303 8,041 1,086 1/ 97 1,443 10,667 868 1,341 258 1,501 467 23 1 1,992 526 1,298 457 15 17 1,787 1,763 1,411 579 21 56 2,067 947 4,258 892 42 6 5,198 797 589 329 8 3 929 440 512 528 8 2 1,050 609 964 449 12 2 1,427 1,038 1,323 464 16 14 1,817 576 4,075 858 39 11 4,983 1,045 1,396 142,919 63 7,132 320 36,975 65 6,635 120 10,825 128 12,423 65 6,434 208 22,427 53 5,565 35 3,525 53 6,546 77 7,043 209 17,389 33 32 7 275 267 43 44 44 6 91 87 14 56 55 52 80 78 8 160 157 25 33 32 6 32 31 4 45 43 6 61 58 9 149 145 21 7,204 37,560 6,729 11,017 12,586 6,600 22,769 5,636 3,592 6,640 7,171 17,704 1,059 1,029 201 ! 145,208 * 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 5,754 26,735 5,945 8,636 9,418 4,723 17,558 4,608 2,350 4,728 5,393 12,934 11,679 660 1,300 67 732 78 3/ 95,071 -'4,949 108,782 5,754 3,314 330 47 23,043 26,734 598 69 21 5,258 5,946 921 112 15 7,588 8,636 974 116 29 8,299 9,418 518 51 131 4,023 4,723 1,763 215 62 15,518 17,558 466 55 31 4,056 4,608 231 28 48 2,043 2,350 425 48 53 4,202 4,728 509 57 58 4,769 5,393 1,300 152 159 11,323 12,934 108,782 1_/ After deducting $204 million participations of other Federal Reserve Banks. 2/ Includes $16 million of certain deposits of foreign-owned banking institutions voluntarily held with member banks and redeposited in full with Federal Reserve Banks. 3/ Includes securities borrowed from other Reserve Banks. * Less than $500,000. ** Estimated (Richmond and Atlanta Districts).
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