H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and ••?f£fSff Condition Statement of F.R. Banks H.4.1 For immediate release January 13, 1977 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Jan. 12, Jan. 5, Jan. 14, Jan. 12, and related items 1977 1977 1976 1977 Reserve Bank credit: 1/ (In millions of dollars) 2/ 3/ U.S. Government securities-- Bought outright—System account 92,323 - 451 + 7,455 91,653 Held under repurchase agreements 714 -3,385 + 714 2,944 Federal Agency obligations-- Bought outright 6,794 + 722 6,794 Held under repurchase agreements 23 - 266 + 23 87 Acceptances-- Bought outright 197 545 196 Held under repurchase agreements 73 - 658 73 347 Loans-- Total member bank borrowing 20 12 25 29 Includes seasonal borrowing of: 10 + 2 2 9 Other borrowing Float 4,172 + 730 + 1,326 3,151 Other F.R. assets 3,078 279 336 3,149 Total Reserve Bank credit 107,395 -4,319 + 9,408 108,350 Gold Stock 11,615 4- 17 + 16 11,658 Special Drawing Rights certif. acct. 1,200 + 700 1,200 Treasury currency outstanding 10,893 + 754 10,896 131,102 -4,294 +10,877 132,104 Currency in circulation 93,347 - 606 4- 8,207 93,255 Treasury cash holdings 475 21 475 Treasury deposits with F.R. Banks 6,485 -2,534 + 3,071 6,303 Foreign deposits with F.R. Banks 318 + 13 20 243 Other deposits with F.R. Banks 4/ 690 - 498 213 769 Other F.R. liabilities and capital 3,057 - 101 110 3,159 104,373 -3, 726 +10,915 104,204 Member bank reserves: With Federal Reserve Banks 26,730 _ 566 36 27,900 Currency and coin 8,992 + 359 + 89 8,992 Total reserves held 5/ 35,863 - 207 + 61 37,033 Required reserves 35,395 83 - 244 35,395 Excess reserves 5/ 468 - 124 + 305 1,638 NOTE: A net of $250 million of surplus reserve were eligible to be carried forward from the week ended January 5, into the week ending January 12. On January 12, 1977, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $51,996 million, an increase of $784 million for the week. 27 Net of $652 million, daily average, matched sale-purchase transactions out standing during the statement week. 2/ Excludes $1,437 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. J3/ Includes $214 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 47 Includes $21 million of certain deposits of foreign-owned banking institutions voluntarily held with member banks and redeposited in full with Federal Reserve Banks. 5/ Adjusted to include $141 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. * Estimated (Treasury's figures). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change sine e January 12, Jan. 5, Jan. 14, A S S E TS 1977 1977 1976 Gold certificate account 11,658 + 60 + 59 Special Drawing Rights certif. acct. * 1,200 — + 700 Coin 361 + 10 - 25 Loans 29 - 1 - 19 Acceptances--Bought outright 196 — - 539 Held under repurchase agreements 347 - 215 + 347 Federal Agency obligations—Bought outright 6,794 — + 722 Held under repurchase agreements 87 - 148 + 87 U.S. Government securities: Bought outright--Bills 36,956 -1,481 +1,031 Certificates Notes 47,972 — +3,983 Bonds 6,725 — +1,204 Total bought outright 1/2/ 91,653 -1,481 +6,218 Held under repurchase agreements 2,944 + 569 +2,944 Total U.S. Government securities 94,597 - 912 +9,162 Total loans and securities 102,050 -1,276 +9,760 Cash items in process of collection (1,681) 8,638 -1,968 - 535 Bank premises 365 + 73 + 43 Other assets 3/ 2,784 + 105 - 256 TOTAL ASSETS (1,681) 127,056 -2,996 +9,746 L I A B I L I T I ES Federal Reserve notes 83,195 - 564 +7,498 Deposits: Member bank-reserves account 27,900 -2,574 + 599 U.S. Treasury—general account 6,303 + 903 +2,086 Foreign 243 26 + 8 Other 4/ 769 + 79 - 200 Total deposits 35,215 -1,618 +2,493 Deferred availability cash items (1,681) 5,487 - 920 - 238 Other liabilities and accrued dividends 998 5 77 TOTAL LIABILITIES (1,681) 124,895 -3,107 +9,676 C A P I T AL A C C O U N TS Capital paid in 984 + 1 + 52 Surplus 983 — + 55 Other capital accounts 194 + 110 - 37 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Excludes $1,437 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. II Includes $214 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. II Includes assets denominated in foreign currencies. 4/ Includes $21 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. JANUARY 12 1977 f (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements.\ U.S. Government Federal Agency Loans Accept securities obligations ances Holdings Weekly Holdings Weekly changes change s Within 15 days 23 371 5,404 -1,677 99 -148 16 days to 90 days 6 104 18,701 + 94 325 91 days to 1 year — 68 25,788 + 671 1,031 Over 1 year to 5 years — — 30,710 — 3,307 Over 5 years to 10 years -- — 9,045 -- 1,382 Over 10 years -- — 4,949 -- 737 Total 29 543 94,597 912 6,881 -148 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JANUARY 12, 1977 New Phila- Cleve- Rich- St. Minne- Kansas San Total Boston York delphia lahd 1 mond Atlanta Chicago Louis apolis City Dallas Francisco (In millions of dollars) A S S E TS ; Gold certificate account 11,658 542 3,410 641 939 992 599 1,704 466 222 397 421 1,325 Special Drawing Rights certif. acct. 1,200 60 300 71 103 109 62 190 50 24 42 46 143 Coin 361 18 28 11 46 41 41 34 26 14 43 22 37 Loans 29 * 1 3 — -- 1 4 1 * 17 1 1 Acceptances: Bought outright 196 — 196 — — — -- — — — — — Held under repurchase agreements 347 — 347 — — — — — — — — — — Federal Agency obligations— Bought outright 6,794 314 1,598 377 560 545 364 1,088 277 155 269 323 924 Held under repurchase agreements 87 -- 87 — — — — — — — — -- — U.S. Government securities: Bought outright-- Bills 36,956 1,707 8,692 2,051 3,047 2,966 1,980 5,918 1,507 845 1,463 1,755 5,025 Certificates — — — — — — — — — — -- — —. Notes 47,972 2,217 11,283 2,661 3,955 3,850 2,570 7,682 1,956 1 ,097 1,899 2,279 6,523 Bonds 6,725 | 311 1,582 373 555 540 360 1,077 274 154 266 319 914 Total bought outright 1/27 91,653 4,235 21,557 5,085 7,557 7,356 4,910 14,677 3,737 2 ,096 3,628 4,353 12,462 Held under repurchase agreements 2,944 — 2,944 — — — — — — — — — — Total U.S. Government securities 94.597 4.235 24,501 5.085 7,557 7.356 4.910 14.677 3,737 2 ,096 3.628 4,353 12,462 Total loans and securities 102,050 4,549 26,730 5,465 8,117 7,901 5,275 15,769 4,015 2 ,251 3,914 4,677 13,387 1 Cash items in process of collection j 10,319 1 366 1,348 298 498 1,670 988 1,284 508 461 873 724 1,301 Bank premises : 365 106 17 56 25 49 14 16 13 31 17 12 9 Other assets 3/ 2,784 86 1,282 134 147 154 126 266 72 57 67 98 295 Interdistrict settlement account -0- + 352 + 660 - 106 + 802 - 182 - 775 - 103 + 226 _+ 138 + 125 4- 231 -1,368 TOTAL 128,737 6.079 33.775 6.570 19,677 10i734 $.330 19.1vQ 5.37$ 1. 198 5.478 6,231 15.129 * Less than $500,000. 1/ Excludes $1,437 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $214 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JANUARY 12, 1977 New Phila Cleve Rich St. Minne Kansas San Total Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas Francisco (In millions of dollars) L I A B I L I T I ES Federal Reserve notes 83,195 4,141 21,310 4,710 7,326 7,421 3,473 13,818 3,525 1,709 2,917 3,377 9,468 Deposits: 27,900 1,100 9,269 835 2,045 1,250 1,617 3,627 900 617 1., 158 1,602 3,880 Member bank reserves U.S. Treasury—general account 6,303 423 798 648 628 432 462 484 499 362 514 546 567 Foreign 243 9 1/ 68 11 20 13 18 36 8 7 10 13 30 Other 2/ 769 * 630 13 1 11 47 11 * 2 2 32 20 Total deposits 35,215 1,532 10,765 1,507 2,694 1,706 2,084 4,158 1,407 988 1,684 2,193 4,497 Deferred availability cash items 7,168 282 877 204 398 1,413 556 713 335 418 752 499 721 Other liabilities and accured dividends QQR Lb 273 52 74 71 57 144 36 22 35 43 145 TOTAL LIABILITIES 126,576 6,001 33,225 6,473 10,492 10,611 6,170 18,833 5,303 3,137 5,388 6,112 14,831 CAPITAL ACCOUNTS Capital paid in 984 35 250 43 85 54 75 148 33 29 41 . 55 136 Surplus 983 1 35 251 43 84 54 75 148 33 29 41 55 135 Other capital accounts 1Q& I * AQ 11 lfi is in *1 7 3 8 9 27 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 128,737 6,079 33,775 6,570 10,677 10,734 6,330 19,160 5,376 3,198 5,478 6,231 15,129 FEDERAL RESERVE AGENTS1 ACCOUNTS F.R. Eotes o"**.standing 89,039 4,407 22,407 5,022 7,644 7,927 4,342 14,238 3,756 1,803 3,183 3,827 10,483 Collateral for F.R, notes: Gold certificate account 11,656 542 3,410 641 939 992 599 1,704 466 222 396 420 1,325 Special Drawing Rights certif. aacccctt.. 643 60 300 62 50 24 42 46 59 Acceptances U S Government securities 78.100 3.830 18,850 4,500 6,810 7.025 4,000 12,600 3,350 1,610 2,800 3,425 9,300 Total collateral 90,399 4,432 22,560 5,141 7,749 8,017 4,661 14,304 3,866 1,856 3,238 3,891 10,684 maemaBssmmemm mill »• iii<i»iiii.mn * Less than $500,000, 1/ After deducting $175 million participations of other Federal Reserve Banks. 2/ Includes $20 million of certain deposits of foreign-owned banking institutions voluntarily held with member banks and redeposited in full with Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis