H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and •.f«*RE^ Condition Statement of F.R. Banks H.4.1 For immediate release March 17, 1977 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Mar, 16, Mar. 9, Mar. 17, Mar. 16, and related items 1977 1977 1976 1221 Reserve Bank credit: 1 /( In millions of dollars) 2/ 3/ U.S. Government securities-- Bought outright—System account 92,611 -1,582 +5,902 90,359 Held under repurchase agreements Federal Agency obligations-- Bought outright 6,744 - 23 + 137 6,744 Held under repurchase agreements Acceptances-- Bought outright 174 - 3 - 438 171 Held under repurchase agreements Loans-- Total member bank borrowing 25 + 5 . 15 30 Includes seasonal borrowing of: 12 — + 4 11 Other borrowing Float 2,811 . 315 + 365 3,905 Other F.R. assets 2,698 + 45 - 649 2,803 Total Reserve Bank credit 105,063 -1, 874 +5 ,301 104,012 Gold Stock 11,651 -. + 52 11,651 Special Drawing Rights certif. acct. 1,200 -- + 700 1,200 Treasury currency outstanding 10,962 + 9 + 526 10,962 128,876 -1, 865 +6 ,579 127,825 Currency in circulation * 93,088 + 806 +7 ,827 93,374 Treasury cash holdings * 500 -- + 2 500 Treasury deposits with F.R. Banks 5,803 -2, 893 - 233 4,274 Foreign deposits with F.R. Banks 301 + 45 + 39 243 Other deposits with F.R. Banks 4/ 676 - 27 - 274 781 Other F.R. liabilities and capital 3,131 + 133 - 86 3,191 103,498 -1, 937 +7, 273 102,363 Member bank reserves: With Federal Reserve Banks 25,377 + 71 . 695 25,461 Currency and coin 8,491 + 309 + 998 8,491 Total reserves held 5/ 34,013 + 381 + 303 34,097 Required reserves 33,842 + 510 + 333 33,842 Excess reserves 5/ 171 - 129 - 30 255 NOTE: A net of $123 million of surplus reserves were eligible to be carried forward from the week ended March 9, into the week ending March 16. On March 16, 1977, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $55,922 million, an increase of $935 million for the week. \J Net of $3,203 million, daily average, matched sale-purchase transactions out standing during the statement week. 2/ Excludes $5,455 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. _3/ Includes $73 million securities loaned--fully secured by U.S. Government secur ities pledged with Federal Reserve Banks, 4/ Includes $15 million of certain deposits of foreign-owned banking institutions voluntarily held with member banks and redeposited in full with Federal Reserve Banks. J5/ Adjusted to include $145 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 March 16, March 9, March 17, A S S E TS 1977 1977 1976 Gol4 certificate account 11,651 — + 52 ' Special Drawing Rights certif. acct. * 1,200 — + 700 Coin 372 2 - 13 Loans 30 4 - 42 Acceptances--Bought outright 171 3 - 414 Held under repurchase agreements Federal Agency obligations--Bought outright 6,744 - 23 137 Held under repurchase agreements U.S. Government securities: Bought outright—Bills 34,280 -2,310 981 Certificates Notes 48,920 +4,236 Bonds 7,159 ^ +1,281 Total bought outright 1/2/ 90,359 -2,310 +4,536 Held under repurchase agreements Total U.S. Government securities 90,359 -2,310 +4,536 Total loans and securities 97,304 -2,340 +4,217 Cash items in process of collection (2,250) 10,448 +1,510 + 621 Bank premises 373 + 1 + 42 Other assets 3/ 2,430 + 114 - 609 TOTAL ASSETS (2,250) 123,778 - 717 +5,010 L I A B I L I T I ES Federal Reserve notes 83,285 + 385 +7,378 Deposits: Member bank-reserves account 25,461 + 374 +2,525 U.S. Treasury—general account 4,274 -2,808 -5,257 Foreign 243 6 + 9 Other */ 781 + 74 - 201 Total deposits 30,759 -2,366 -2,924 Deferred availability cash items (2,250) 6,543 +1,144 + 585 Other liabilities and accrued dividends 953 + 7 - 104 TOTAL LIABILITIES (2,250) 121,540 - 830 +4,935 C A P I T AL A C C O U N T S, Capital paid in 990 + 1 + 49 Surplus 983 — + 54 Other capital accounts 265 + 112 - 28 * Figures in parentheses are the eliminations made in the consolidating process. Excludes $5,455 million of securities sold, and scheduled to be bought back, 1/ under matched sale-purchase transactions. Includes $73 million securities loaned—fully secured by U.S. Government V securities pledged with Federal Reserve Banks. Includes assets denominated in foreign currencies. II Includes $15 million of certain deposits of foreign-owned banking institutions 4/ voluntarily held with member banks and redeposited in full with Federal Reserve Banks. MATURITY DISTRIBUTION: OF LOANS AND SECURITIES. MARCH 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 securiti>es obligations ances Holdings Weekly Holdings Weekly changes changes Within 15 days 30 19 2,565 + 652 13 -109 16 days to 90 days 102 16,832 -2 ,871 296 + 57 91 days to 1 year 50 25,343 - 91 1,169 + 98 Over 1 year to 5 years — 30,401 -- 3,300 - 58 Over 5 years to 10 years — 9,841 — 1,206 - 11 Over 10 years ^z. — 55,,337777 — 776600 — Total 30 171 9900,,335599 -2 ,310 66,,774444 - 23 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 MARCH 16, 1977 New Phila Cleve Rich St. Minne Kansas San Total Boston York delphia land mond j Atlanta Chicago Louis apolis City Dallas Francisco (In millions of dollars) L I A B I L I T I ES Federal Reserve notes 83,285 4,184 21,535 4,687 7,322 7,504 3,178 13,766 3,534 1,754 2,977 3,333 9,511 Deposits: Member bank reserves 25,461 764 6,283 910 1,343 1,172 1,713 3,627 865 640 1,104 1,753 5,287 U.S. Treasury--general account 4,274 331 443 365 342 339 297 339 298 362 469 422 267 Foreign 243 9 1/ 67 10 20 13 18 35 8 7 10 13 33 Other 2/ 781 670 1 1 23 47 5 2 2 11 19 Total deposits 30,759 1,104 7,463 1,286 1,706 1,547 2,075 4,006 1,171 1,011 1,585 2,199 5,606 Deferred availability cash items 8,793 321 1,273 237 501 1,836 579 833 380 456 858 527 992 Other liabilities and accured dividends ' 953 44 224 50 73 70 85 141 35 23 33 41 134 TOTAL LIABILITIES 123,790 5,653 30,495 6,260 9,602 10,957 5,917 18,746 5,120 3,244 5,453 6,100 16,243 CAPITAL ACCOUNTS Capital paid in • 990 35 250 43 85 54 76 150 33 29 42 56 137 Surplus 983 35 251 43 84 54 75 148 33 29 41 55 135 Other capital accounts J 265 13 62 15 23 18 14 44 10 6 11 13 36 TOTAL LIABILITIES AND 1 CAPITAL ACCOUNTS 126,028 5,736 31,058 6,361 9,794 11,083 6,082 19,088 5,196 3,308 5,547 6,224 16,551 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 88,494 4,432 22,374 4,947 7,597 7,865 4,278 " 14,05/—" 37750" i, ail" 3,196 3,809 10,398 Collateral for F.R. notes: Gold certificate account 11,646 542 3,400 641 939 992 599 466 222 396 420 1,325 Special Drawing Rights certif. aacccctt.. 643 60 300 62 1,704 50 24 42 46 59 Acceptances U S Government securities 78,130 3,930 18,850 4,500 6,810 7,025 4,000 3.280 1,610 2,800 3,425 9,300 Total collateral 90,419 4,532 22,550 5,141 7,749 8,017 4,661 1124,,360040 3,796 1,856 3,238 3,891 10,684 17 After deducting $176 million participations of other Federal Reserve Banks. 2/ Includes $15 million of certain deposits of foreign-owned banking instutitions 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