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 February 10, 1977 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Feb. 9, Feb. 2 , 1 Feb. 11, Feb. 9, and related items 1977 1977 1 1976 1977 Reserve Bank credit: 1/ (In millions of dollars) \~ U.S. Government securities- Bought outright—System account 94,788 + 805 + 9 ,272 95,748 Held under repurchase agreements 486 - 853 + 486 1,908 Federal Agency obligations— Bought outright 6,790 .. + 479 ! 6,790 Held under repurchase agreements 38 - 24 + 38 121 Acceptances— Bought outright 192 ._ . 542 191 Held under repurchase agreements 107 - 11 + 107 240 Loans- Total member bank borrowing 75 . 12 + 24 81 Includes seasonal borrowing of: 12 + 1 + 1 12 Other borrowing Float 3,291 . 362 + 932 3,048 Other F.R. assets 3,443 + 9 - 240 3,423 Total Reserve Bank credit 109,209 - 448 +10, 557 111,550 Gold Stock 11,658 — + 59 11,658 Special Drawing Rights certif. acct. 1,200 -- + 700 1,200 Treasury currency outstanding 10,925 + 9 + 669 ! 1100,,993300 132,992 -"535 +11,985 115555,,553366 Currency in circulation * 91,621 + 318 + 7 ,670 92,122 Treasury cash holdings * 485 + 4 - 44 475 Treasury deposits with F.R. Banks 11,258 + 360 + 4, 292 9,627 Foreign deposits with F.R. Banks 279 - 23 + 32 272 Other deposits with F.R. Banks 622 - 19 - 66 759 Other F.R. liabilities and capital 3,038 338811 — 3,109 107,302 ++"" 225577 +11, 884 106,364 Member bank reserves: With Federal Reserve Banks 25,690 «. 698 + 100 28,974 Currency and coin 8,775 - 39 + 725 8,775 Total reserves held 4/ 34,615 - 737 + 836 I 37,899 Required reserves "" 34,366 - 807 + 637 34,366 Excess reserves 4/ 249 + 70 +. 199 3,533 NOTE: A net of $24 million of surplus reserves were eligible to be carried forward from the week ended February 2, into the week ending February 9. On February 9, 1977, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $53,359 million, an increase of $630 million for the week. 1/ Net of $916 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Includes $277 million securities loaned—fully secured by U.S. Government securi ties pledged with Federal Reserve Banks. V Includes $18 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 $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) WWeeddnneessddaayy Change since FFeebbrruuaarryy 99,, Feb. 2, Feb. 11, ? A S S E TS 1977 1977 1976 Gold certificate account 11,658 — + 59 l Special Drawing Rights certif. acct. * 1,200 m~ + 700 Coin 395 + 4 9 Loans 81 - 267 + 19 Acceptances—Bought outright 191 — - 529 Held under repurchase agreements 240 + 240 + 240 Federal Agency obligations—Bought outright 6,790 — + 479 Held under repurchase agreements 121 + 121 + 121 U.S. Government securities: Bought outright—Bill8 40,356 -14,347 + 4,077 Certificates — — — Note 8 48,619 — + 4,194 Bonds 66..777733 — + 1.178 Total bought outright 11// 9955,,774488 44,347 + 9,449 Held under repurchase agreements 1.908 •1.908 + 1.908 Total U.S. Government securities 97.656 +6,255 +11,357 Total loans and securities 105,079 +6,349 +11,687 Cash items in process of collection (1,505) 8,009 -1,094 + 760 Bank premises 368 + 1 + 30 Other assets 2/ 3.055 + 118 - 279 TOTAL ASSETS ((11,,550055)) 129.764 45.378 +12.948 L I A B I L I T I ES Federal Reserve notes 82,062 4- 588 + 6,933 Deposits: Member bank-reserves account 28,974 46,523 + 2,877 U.S. Treasury—general account 9,627 -1,353 + 2,922 Foreign 272 + 16 + 15 Other 3/ 759 4- 145 + 165 Total deposits 39,632 +5,331 + 5,979 Deferred availability cash items (1,505) 4,961 - 701 + 23 Other liabilities and accrued dividends 990 + 45 61 TOTAL LIABILITIES (1,505) 127,645 +5,263 +12,874 C A P I T AL A C C O U N TS Capital paid in 986 — + 50 Surplus 983 — + 54 Other capital accounts 150 + 115 30 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Includes $277 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 11 Includes assets denominated in foreign currencies. 3/ Includes $18 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 LOAHS AND SECURITIES. FEBRUARY 9. 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 I change s 1 changes Within 15 days 77 268 8,561 +3,693 121 +121 16 days to 90 days 4 113 17,356 +1,795 375 91 days to 1 year — 50 26,637 + 767 1,054 Over 1 year to 5 years — — 30,933 — 3,339 Over 5 years to 10 years — — 9,173 — 1,281 Digitized for FRASER Over 10 years 44..999966 — 741 http://fraser.stlouisfed.org/ ««ii"" Tr^al 11UUKK\\ QQ77 66SS** •u; ?ss 6.911 4-121 Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON FEBRUARY 9, 1977 New Phila Cleve- Rich St. Minne Kansas San Total Boston York delphia mond Atlanta Chicago Louis apolis Citv Dal1as 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 395 20 29 12 49 45 45 36 27 15 45 23 49 Loans 81 31 13 23 — — — 5 1 — 6 — 2 Acceptances: Bought outright 191 191 Held under repurchase agreements 240 240 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 121 121 U.S. Government securities: Bought outright— Bills 40,356 1,865 9,492 2,239 3,327 3,239 2,162 6,462 1,646 922 1,598 1,917 5,487 Certificates Notes 48,619 2,247 11,436 2,697 4,009 3,902 2,604 7,786 1,982 1,112 1,924 2,309 6,611 Bond 8 6,773 313 1,593 376 558 544 363 1,084 276 155 268 322 921 Total bought outright U 95,748 4,425 22,521 5,312 7,894 7,685 5,129 15,332 3,904 2,189 3,790 4,548 13,019 Held under repurchase agreements 1,908 1,908 Total U.S. Government securities 97,656 4,425 24,429 5,312 7.894 7,685 5,129 15^332 3,904 2,189 3,790 4,548 13.019 Total loans and securities 105,079 4,770 26,591 5,712 8,454 8,230 5,493 16,424 4,182 2,344 4,065 4,870 13,944 Cash items in process of collection 9,514 294 1,420 237 472 1,506 883 1,185 401 405 929 594 1,188 Bank premises 368 107 17 56 25 51 14 16 13 31 17 12 9 Other assets 2/ 3,055 99 1,348 131 168 165 165 319 85 55 83 103 334 Interdistrict settlement account -0- - 7 +1.800 - 343 + 322 - 241 - 997 -1,222 + 94 + 341 - 162 + 223 + 192 TOTAL 131,269 5,885 34^915 6,517 10,532 JL0.857 6,264 18.652 j,318 3,437 5,416 6,292 17,184 U Includes $277 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 2/ 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 FEBRUARY 9, 1977 New Phila Cleve Rich | St. ; Minne Kansas San Total Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas * Francisco k, _ — , (In millions o f dollars) L I A B I L I T I ES Federal Reserve notes 82,062 4,068 21,084 4,639 7,253 7,416 3,267 13,641 3,497 1,710 2,909 3,289 9,289 Deposits: Member bank reserves 28,974 845 8,667 938 1,957 1,320 1,658 3,042 812 714 1,123 1,801 6,097 U.S. Treasury—general account 9,627 595 2,742 604 687 649 547 830 606 548 556 602 661 Foreign 272 8 1/ 97 10 20 13 18 35 8 7 10 13 Vi Other 2/ 759 669 2 1 16 l 1 10 Total deposits 39,632 1,448 12,175 1,554 2,665 1,998 2,261 3,911 1,426 1,270 1,690 2,426 6,808 Deferred availability cash items 6,466 245 861 178 357 1,251 516 634 286 372 692 416 658 Other liabilities and accured dividends 990 45 260 52 76 72 63 146 37 23 37 43 136 TOTAL LIABILITIES 129,150 5,806 34,380 6,423 10,351 10,737 6,107 18 t 332 5,246 3,375 5,328 6,174 16,891 CAPITAL ACCOUNTS Capital paid in 986 35 250 43 85 54 75 148 33 29 41 56 137 Surplus i 983 35. - 251 43 84 54 75 148 33 29 41 55 135 Other capital accounts j1 ,. , , 150.L |_ ^ J,, 34 8 12 12 7 24 6 4 6 7 ... .... ll TOTAL LIABILITIES AND CAPITAL ACCOUNTS 131,269 5,885 34,915 6,517 10,532 10,857 6,264 18,652 5,318 3,437 5,416 6,292 17,184 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 88,425 4,400 22,325 4,972 7,587 7,871 4,365 14,102 3,729 1,785 3,160 3,765 10,364 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. acct. 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 22,550 5,14] —ZJA9 • .8,017 • *$61 - jfl.acfc- hm , 1,856 .,— 3.238 1*8,91-,.,., LoOJiSi H t y After deducting $175 million participations of other Federal Reserve Banks. 2/ Includes $18 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