H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and '-.**%&*: Condition Statement of F.R. Banks H.4.1 For immediate release January 27, 1977 Averages of d<a ily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Jan. 26, Jan. 19, Jan. 28, Jan. 26, and related items 1977 1977 1976 1977 Reserve Bank credit: 1/ (in millL ons of dollars) 1/ U.S. Government securities-- Bought outright—System account 94,028 +2 ,787 +8,860 95,049 Held under repurchase agreements 872 - 812 -1,475 | 2,360 Federal Agency obligations-- Bought outright 6,790 - 4 + 478 6,790 Held under repurchase agreements 64 + 2 - 149 199 Acceptances-- Bought outright 194 - 6 - 556 193 Held under repurchase agreements 130 - 11 86 268 Loans— Total member bank borrowing 90 - 19 + 32 482 Includes seasonal borrowing of: 9 - 1 + 1 10 Other borrowing Float 2,914 - 571 + 513 2,314 Other F.R. assets 3,480 ++ 228855 -- 114422 4,016 Total Reserve Bank credit 108,562 ++11,, 665511 ++77,,447744 111,671 Gold Stock 11,658 -. + 59 11,658 Special Drawing Rights certif. acct. 1,200 -- + 700 1,200 Treasury currency outstanding 10,900 ++ 44 ++ 665544 10,901 132,320 ++11,, 665555 ++88,,888877 135,430 Currency in circulation * 91,774 - 848 +8,193 91,711 Treasury cash holdings * 475 — - 46 475 Treasury deposits with F.R. Banks 8,630 +2 ,847 + 245 10,283 Foreign deposits with F.R. Banks 228 - 13 2 253 Other deposits with F.R. Banks 3/ 750 - 107 22 722 Other F.R. liabilities and capital 3,301 ++ 8899 5588 3,416 105,157 ++11 ,,996677 ++88,,330099 106,860 Member bank reserves: With Federal Reserve Banks 27,163 - 311 + 578 28,570 Currency and coin 8*815 440044 ++ 446666 8,815 Total reserves held 4-/ 36,128 „„.. 770044 ++ 11,,005566 37,535 Required reserves 35,776 -1, 165 + 869 j 35,776 Excess reserves 4/ 352 + 461 + 187 1,759 NOTE: A net of $109 million of deficit reserves were eligible to be carried forward from the week ended January 19, into the week ending January 26. On January 26, 1977, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $51,798 million, a decrease of $222 million for the week. 1/ Net of $439 million, daily average, matched sale-purchase transactions outstanding during the statement week. H Includes $165 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. H Includes $21 million of certain deposits of foreign-owned banking institutions volun tarily held with member banks and redeposited in full with Federal Reserve Banks. 4/ Adjusted to include $150 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 since Jan. 26, Jan. 19, Jan 2g, A S S E TS 1977 1977 l9 ? Gold certificate account 11,658 — + ~~55" Special Drawing Rights certif. acct. 1,200 — + 700 Coin 381 + 8 - 13 Loans 482 - 160 + 344 Acceptances--Bought outright 193 - 4 - 548 Held under repurchase agreements 268 + 12 - 147 Federal Agency obligations—Bought outright 6,790 -. + 478 Held under repurchase agreements 199 + 99 - 194 U.S. Government securities: Bought outright—Bills 39,675 +4,162 +3,985 Certificates Notes 48,601 + 629 +4,365 Bonds 6,773 + 48 +1,178 Total bought outright 1/ 95,049 +4,839 +9,528 Held under repurchase agreements 2,360 +1,016 -3,758 Total U.S. Government securities 97,409 +5,855 +5,770 Total loans and securities 105,341 +5,802 +5,703 Cash items in process of collection (1,911) 7,712 -2,489 + 169 Bank premises 366 + 1 + 41 Other assets V 3,650 + 701 + 307 TOTAL ASSETS (1,911) 130,308 +4,023 +6,966 tl A B I t l l l li 81,666 - 664 +7,399 Federal Reserve notes Deposits: Member bank-reserves account 28,570 + 856 - 933 U.S. Treasury—general account 10,283 +4,160 - 77 Foreign 253 + 25 + 44 Other V 722 - 62 + 95 39,828 +4,979 - 871 Total deposits (1,911) 5,398 - 448 + 449 Deferred availability cash items 1,020 + 39 - 101 Other liabilities and accrued dividends TOTAL LIABILITIES (1,911) 127,912 +3,906 +6,876 C A P I T AL A C C O U N TS Capital paid in 984 —— + 50 Surplus 983 — + .55 Other capital accounts 429 + 117 - 15 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Includes $165 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 2/ Includes assets denominated in foreign currencies. 3/ 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 26, 1977 (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 changes Within 15 days 480 302 7,081 +3,758 239 +91 16 days to 90 days 2 103 18,770 + 956 330 +45 91 days to 1 year -- 56 26,204 + 491 1,037 + 6 Over 1 year to 5 years -- — 31,185 + 475 3,361 -*-38 Over 5 years to 10 years — -- 9,173 + 128 1,281 -85 Over 10 years 4.996 + 47 741 + 4 Total T&T~ 5oT 97,409 +57S55 6,989 +9? 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 26, 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) A Si S_ ETS 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 46 143 42 Coin 381 19 29 12 48 44 44 35 27 15 23 41 44 Loans 482 184 49 26 54 15 9 68 20 43 14 Acceptances: Bought outright 193 193 Held under repurchase agreements 268 268 Federal Agency obligations— Bought outright 6,790 314 1,597 377 560 545 364 1,087 277 155 269 322 923 Held under repurchase agreements 199 199 U.S. Government securities: Bought outright— Bills 39,675 1,833 9,332 2,201 3,272 3,184 2,125 6,354 1,617 907 1,570 1,885 5,395 Certificates Notes 48,601 2,246 11,431 2,697 4,007 3,901 2,603 7,783 1,982 1,111 1,924 2,308 6,608 Bonds 6,773 313 1,593 376 558 544 363 1,084 276 155 268 322 921 Total bought outright U 95,049 4 5 392 22,356 5,274 7,837 7,629 5,091 15,221 3,875 2,173 3,762 4,515 12,924 Held under repurchase agreements 2,360 2,360 Total U.S. Government securities 97,409 4,392 24,716 5,274 7,837 7,629 5,091 15,221 3,875 2,173 3,762 4,515 12,924 Total loans and securities 105,341 4,890 27,022 5,677 8,397 8,228 5,470 16,317 4,220 2,328 4,045 4,857 13,890 Cash items in process of collection 9,623 331 712 333 556 1,638 795 1,633 453 446 821 595 1,310 Bank premises 366 107 17 56 25 49 14 16 13 31 17 12 9 Other assets 2/ 3,650 94 1,914 133 159 162 155 303 83 51 80 96 420 Interdistrict settlement account -0- + 172 - 244 77 + 464 - 193 710 - 925 + 117 + 23 + 442 + 268 + 663 TOTAL 132,219 6,215 33,160 6,846 10,691 11,029 6,429 19,273 5,429 3,140 5,888 6,318 17,801 1/ Includes $165 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 2/ Includes assets denominated in foreign currencies. * Less than $500,000. 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 26, 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 81,666 4,051 20,984 4,617 7,193 7,379 3,310 13,553 3,462 1,701 2,885 3,319 9,212 Deposits: Member bank reserves 28,570 972 7,383 1,070 1,981 1,530 1,695 3,549 886 706 1,182 1,530 6,086 U.S. Treasury—general account 10,283 726 2,246 732 775 490 644 878 622 203 941 796 1,230 Foreign 253 8 1/ 78 10 20 13 18 35 8 7 10 13 33 Other 722 | 1 626 1 1 16 41 9 1 2 2 8 14 Total deposits 39,828 1,707 10,333 1,813 2,777 2,049 2,398 4,471 1,517 918 2,135 2,347 7,363 Deferred availability cash items 7,309 321 942 256 442 1,386 489 741 331 431 735 480 755 Other liabilities and accured dividends 1,020 48 293 51 74 72 61 142 37 24 35 42 141 TOTAL LIABILITIES 129,823 6,127 32,552 6,737 10,486 10,886 6,258 18,907 5,347 3,074 5,790 6,188 17,471 CAPITAL ACCOUNTS Capital paid in 984 35 250 43 85 54 75 148 33 29 41 55 136 Surplus 983 35 251 43 84 54 75 148 33 29 41 55 135 Other capital accounts 429 |i 18 107 23 36 35 21 70 16 8 16 20 59 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 132,219 6,215 33,160 6,846 10,691 11,029 6,429 19,273 5,429 3,140 5,888 6,318 17,801 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 4,391 22,287 4,985 7,567 7,927 4,410 14,144 3,751 1,800 3,189 3,834 10,427 Collateral for F.R. notes: Gold certificate account 542 3,410 641 939 992 599 1,704 466 222 396 420 1,325 Special Drawing Rights certif. acct. 60 300 62 50 24 42 46 59 Acceptances U.S. Government securities 3,830 18,850 4,500 6,810 7,025 4,000 12,600 3,350 l a 610 2,800 3.425 9,300 Total collateral 4,432 22,560 5,141 7,749 8,017 4,661 14,304 3,866 1,856 3,238 3,891 10,684 1/ After deducting $175 million participations of other Federal Reserve Banks. 2/ Includes $21 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