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 17, 1977 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Feb. 16, Feb. 9, Feb. 18, Feb. 16, 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 94,639 149 +8,232 93,624 Held under repurchase agreements 430 56 -1,165 3,009 Federal Agency obligations-- Bought outright 6,790 + 479 6,790 Held under repurchase agreements 16 22 - 67 111 Acceptances— Bought outright 190 2 - 521 186 Held under repurchase agreements 47 60 - 62 327 Loans-- Total member bank borrowing 129 + 54 + 73 737 Includes seasonal borrowing of: 13 + 1 + 3 13 Other borrowing Float 2,442 895 + 287 3,408 Other F.R. assets 3,155 288 - 380 2,521 Total Reserve Bank credit 107,839 -1,416 +6 ,877 110,713 Gold Stock 11,658 + 59 11,658 Special Drawing Rights certif. acct. 1,200 + 700 1,200 Treasury currency outstanding 10,931 + 674 10,934 131,628 -1,410 +8,310 134,505 Currency in circulation 91,968 h 358 +7,599 92,063 Treasury cash holdings 475 - 21 - 58 475 Treasury deposits with F.R. Banks 9,302 -1,956 +1,948 10,854 Foreign deposits with F.R. Banks 314 K 35 + 35 295 Other deposits with F.R. Banks 4/ 546 - 76 - 127 518 Other F.R. liabilities and capital 3,1 75 K 137 - 50 3,233 105, 781 -1,521 +9,347 107,438 Member bank reserves: With Federal Reserve Banks 25,8 47 + 111 -1,038 27,067 Currency and coin _L .572 - 203 +1,056 8,572 Total reserves held 5/ 34,568 - 93 + 28 35,788 Required reserves 34,393 + 27 + 353 34,393 Excess reserves 5/ 175 120 - 325 1,395 NOTE: A net of $101 million of surplus reserves were eligible to be carried forward from the week ended February 9, into the week ending February 16. On February 16, 1977, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $54,747 million, an increase of $1,388 million for the week. 1/ Net of $1,108 million, daily average, matched sale-purchase transactions outstand ing during the statement week. 2/ Excludes $2,123 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $112 million securities loaned--fully secured by U.S. Government securi ties pledged with Federal Reserve Banks. 4/ Includes $18 million of certain deposits of foreign-owned banking institutions voluntarily held with member banks and redeposited in full with Federal Reserve Banks. V Adjusted to include $149 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.Ua^ CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since Feb. 16, teb.T, Feb. 18, A S S E TS 1977 1977 1976 Gold itertificate account 11,658 59 Special Drawing Rights certif. acct. 1,200 700 Coin 388 7 16 Loans 737 + 656 678 Acceptances--Bought outright 186 5 514 Held under repurchase agreements 327 24 Federal Agency obligations—Bought outright 6,790 + 87 479 Held under repurchase agreements 111 46 U.S. Government securities: - 10 Bought outright—Bills 38,232 +1,693 Certificates -2,124 Notes 48,319 - 300 +4,094 Bonds 7,073 + 300 +1.278 Total bought outright 1/2/ 93,624 -2,124 +7,065 Held under repurchase agreements 3,009 +1.101 + 679 Total U.S. Government securities 96,633 -1.023 +7.744 Total loans and securities 104,784 - 295 +8,365 Cash items in process of collection (1,881) 9,390 +1,381 - 882 Bank premises 369 + 1 + 29 Other assets V 2,152 - 903 - 544 TOTAL ASSETS (1,881) 129,941 + 177 +7.711 L I A B I L I T I ES Federal Reserve notes 81,992 - 70 +6,742 Deposits: Member bank-reserves account 27,067 -1,907 + 782 U.S. Treasury—general account 10,854 +1,227 +1,251 Foreign 295 + 23 + 43 Other 4/ 518 - 241 + 17 Total deposits 38,734 - 898 +2,093 Deferred availability cash items (1,881) 5,982 +1,021 -1,133 Other liabilities and accrued dividends 999 + 9 - 73 TOTAL LIABILITIES (1,881) 127,707 + 62 +7,629 C A P I T AL A C C O U N TS Capital paid in 986 .. + 49 Surplus 983 — + 54 Other capital accounts 265 + 115 - 21 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Excludes $2,123 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $112 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. 4/ 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 LOANS AND SECURITIES. FEBRUARY 16, 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 1changes changes Within 15 days 731 349 5,221 -3,340 232 +111 16 days to 90 days 6 111 20,784 +3,428 254 -121 91 days to 1 year 53 25,689 - 948 1,054 — Over 1 year to 5 years -- 29,953 - 980 3,339 — Over 5 years to 10 years — 9,690 + 517 1,281 — Over 10 years — 5,296 + 300 741 — Total 737 513 96,633 -1,023 6,901 - 10 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 FEBRUARY 16, 1977 New Fhila- Cleve- Rich- St. Minne- Kansas San Total Boston York delphla land 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 388 20 30 12 49 45 45 34 27 15 46 23 42 Loans 737 6 688 23 -- -. -- 7 1 -- 7 -- 5 Acceptances: Bought outright 186 -- 186 -- -~ -~ -~ "" **- -** •*" -- -- Held under repurchase agreements 327 -- 327 -" -** ~~ ~" -" ~" -- "- -- 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 ! Ill -- 111 -- -- -- «.- -- -- -- -- -- U.S. Government securities: Bought outright— Bills ! 38,232 1,767 8,993 2,121 3,152 3,069 2,048 6,122 1,559 874 1,513 1,816 5,198 Certificates -- -- -- -- -- -- -- -- -- -- -- — -- Notes 48,319 2,233 11,365 2,681 3,984 3,878 2,588 7,737 1,970 1 ,105 1,913 2,295 6,570 Bonds J 7,073 | 327 1,663 392 583 568 379 1,133 288 162 280 336 962 Total bought outrlgjht 1/2/ I 93,624 4,327 22,021 5,194 7,719 7,515 5,015 14,992 3,817 2 .141 3,706 4,447 12,730 Held under repurchase agreements 3,009 -- 3,009 -- -- — -- -- -- -- -- -- -- Total U.S. Government securities 96,633 4,327 25,030 5,194 7,719 7,515 5,015 14,992 3,817 2 ,141 3,706 4,447 12,730 Total loans and securities 104,784 4,647 27,939 5,594 8,279 8,060 5,379 16,086 4,095 2 ,296 3,982 4,769 13,658 Cash items in process of collection 11,271 362 1,604 291 577 1,756 983 1,700 478 476 1,007 584 1,453 Bank premises 369 107 17 56 25 51 14 16 13 31 18 12 9 Other assets 3/ 2,152 i 59 1,123 75 95 97 83 176 49 32 46 102 215 Interdistrict settlement account •0- + 251 - 860 - 56 + 386 + 271 - 756 - 564 + 157 + 308 + 78 + 595 + 190 TOTAL 131,822 6,048 33,563 6,684 10,453 11,381 6,409 19,342 5,335 3 ,404 5,616 6,552 17,035 1/ Excludes $2,123 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. II Includes $112 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