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 March 31,^1977 Averages of daily figures Member bank reserves. Week ended Change from week ended Wednesday Reserve Bank credit, Mar. 30, Mar. 23, Mar. 31, Mar. 30, and related items 1977 * 1977 1976 1977 * Reserve Bank credit: J (In millions of dollars) 12/ U.S. Government securities-- Bought outright--System account 94,976 + 111 +7,666 j 96,112 Held under repurchase agreements 2,020 + 127 + 507 y Federal Agency obligations-- Bought outright 6,744 • - + 137 6,744 Held under repurchase agreements 71 + 37 - 137 — Acceptances-- Bought outright 159 - 9 - 383 155 Held under repurchase agreements 285 + 112 4 -- Loans-- Total member bank borrowing 58 . 281 + 22 149 Includes seasonal borrowing of: 14 + 1 + 4 14 Other borrowing Float 2,190 „ 845 + 533 2,901 Other F.R. assets 2,884 + 86 - 803 2,976 Total Reserve Bank credit 109,387 - 662 +7,537 109,037 Gold Stock 11,636 - 11 + 37 j 11,636 Special Drawing Rights certif. acct. 1,200 -- + 700 ! 1,200 Treasury currency outstanding 10,986 + 17 + 544 | 10,990 133,209 - 655 +8,819 ! 132,863 Currency in circulation ** 92,983 - 103 +7,859 93,407 Treasury cash holdings ** 496 + 4 - 26 500 Treasury deposits with F.R. Banks 9,182 - 618 +1,477 7,769 Foreign deposits with F.R. Banks 259 + 8 + 13 288 Other deposits with F.R. Banks Zj 592 - 57 - 132 563 Other F.R. liabilities and capital 3,376 + 103 - 57 3,429 106,888 - 663 +9,134 105,956 Member bank reserves: With Federal Reserve Banks 26,321 + 9 - 314 26,907 Currency and coin 8,299 + 801 + 846 8,299 Total reserves held 4/ 34,764 + 809 + 528 35,350 Required reserves 34,440 + 597 + 602 34,440 Excess reserves M 324 + 212 74 910 NOTE: A net of $6 million of surplus reserves were eligible to be carried forward from the week ended March 23, into the week ending March 30. On March 30, 1977, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $56,409 million, an increase of $219 million for the week. \l Net of $1,136 million, daily average, matched sale-purchase transactions outstand ing during the statement week. 2/ Includes $115 million securities loaned--fully secured by U.S. Government securi ties pledged with Federal Reserve Banks. 3/ Includes $13 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 $144 million waivers of penalties for reserve deficiencies in ~ accordance with Board policy effective November 19, 1975. * Estimated (Richmond District). ** 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 30, March 23, March 31, A S S E TS 1977 ** 1977 1976 Geld certificate account 11,636 37 Special Drawing Rights certif. acct. * 1,200 700 Coin 359 11 8 Loans 149 -2,047 95 Acceptances--Bought outright 155 6 385 Held under repurchase agreements 343 Federal Agency obligations—Bought outright 6,744 - 299 137 Held under repurchase agreements 287 U.S. Government securities: - 159 Bought outright~-Bills 39,735 +3,004 Certificates +1,257 Notes 49,181 +4,497 Bonds 7,196 +1,318 Total bought outright 1/ 96,112 +1,257 +8,819 Held under repurchase agreements -5,009 -2,460 Total U.S. Government securities 96,112 -3,752 +6,359 Total loans and securities 103,160 -6,263 +5,576 Cash items in process of collection (1,873) 8,792 + 645 +1,853 Bank premises 373 1 + 40 Other assets 2/ 2,603 + 56 - 771 TOTAL ASSETS (1,873) 128,123 "5,574 +7,427 L I A B I L I T I ES Federal Reserve notes 83,276 + 175 +7,294 Deposits: Member bank-reserves account 26,907 -3,408 -1,243 U.S. Treasury—general account 7,769 -2,995 + 625 Foreign 288 + 27 - 17 Other 3/ 563 + 38 - 233 Total deposits 35,527 -6,338 - 868 Deferred availability cash items (1,873) 5,891 + 506 +1,062 Other liabilities and accrued dividends 998 + _2 - 101 TOTAL LIABILITIES (1,873) 125,692 -5,655 +7,387 C A P I T AL A C C O U N TS Capital paid in 990 - 1 + 45 Surplus 983 — + 54 Other capital accounts 458 + 82 - 59 * Figures in parentheses are the eliminations made in the consolidating process. \j Includes $115 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 2/ Includes assets denominated in foreign currencies. 3/ Includes $13 million of certain deposits of foreign-owned banking institutions voluntarily held with member banks and redeposited in full with Federal Reserve Banks. ** Estimated (Richmond District). MATURITY DISTRIBUTION: OF LOANS AND SECURITIES. MARCH 30 1977 r (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 145 22 ,595 -3,582 ZJT~ T3T 16 days to 90 days 4 *0 20,422 + 860 268 91 days to 1 year 43 24,218 -1,030 1,178 Over 1 year to 5 years 30,575 — 3,291 Over 5 years to 10 years 9,888 — 1,206 Over 10 years 5,414 ^ 760 Total 149 155 96,112 -3,752 6,744 -159 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 MARCH 30, 1977 New Phila Cleve ****RRiicchh-- jj St. Minne Kansas San Total Boston York delphia land | mmoonndd 11 Atlanta Chicago frouis apolis Citv Dallas Francis* (In millions of dollars) A S S E TS Gold certificate account 11,636 542 3,389 641 939 992 599 1,704 466 222 397 420 1,325 Special Drawing Rights certif. acct. 1,200 60 300 71 103 109 62 190 50 24 42 46 143 Coin 359 19 26 9 47 42 37 32 26 16 45 21 39 Loans 149 2 7 4 1 — — 107 * 4 9 14 1 Acceptances: Bought outright 155 *"~ 155 -«. •• mm mm •~ mm —— —— —— —• Held under repurchase agreements -- -- -- — -- mm" -.-. "••• ™ — —— -- -- -- Federal Agency obligations- Bought outright 6,744 312 1,586 374 556 541 361 1,080 275 154 267 321 917 Held under repurchase agreements -- -~ -- -- -- "»• -- "• *•" —— -- -- — U.S. Government securities: Bought outright— Bills 39,735 1,836 9,346 2,205 3,276 3,189 2,128 6,363 1,621 909 1,572 1,887 5,403 Certificates -- • - -- -- .. •- -- -- -- — .. .. ». Notes 49,181 2,273 11,568 2,729 4,055 3,947 2,634 7,876 2,005 1,124 1,947 2,336 6,687 Bonds 7,196 333 1,692 399 593 578 386 1.152 293 165 285 342 978 Total bought outright 1/ 96,112 4,442 22,606 5,333 7,924 7,714 5,148 15,391 3,919 2,198 3,804 4,565 13,068 Held under repurchase agreements — -- -- -- — •- -• •- -- -- mm -- — Total U.S. Government securities 96.112 4.442 22.606 5.333 7.924 7.714 5.148 15.391 3.919 2.198 3.804 4.565 13.068 Total loans and securities 110033,,116600 44,,775566 2244,,335544 55,,771111 88,,448811 $$;; 225555 55,,** 550099 1166,,557788 44,,119944 22,,335566 44,,008800 44,,990000 13,986 Cash items in process of collection 1100,,666655 228899 22,,005533 226611 550033 11,,991188 999977 11,,223333 338899 441199 880088 667766 1,119 Bank premises 373 108 18 56 24 54 14 16 13 31 18 12 9 Other assets 2/ 2,603 76 1,151 108 135 129 107 235 69 59 64 76 394 Interdistrict settlement account -0- + 102 + 173 - 298 - 220 - 113 - 870 - 601 + 92 + 294 • 316 + 442 + 683 TOTAL 129,996 5,952 31,464 6,559 10,012 11,386 6,455 19,387 5,299 3,421 5,770 6,593 17,698 1/ Includes $115 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 2/ Includes assets denominated in foreign currencies. ** Estimated (Richmond District). * Less than $500,000. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

11.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MARCH 30, 1977 New Phila Cleve Rich St. Minne Kansas San Total Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas Francisco * (In m 111ions o f dollars) L I A B I L I T I ES 83,276 4,220 21,538 4,662 7,297 7,477 3,192 13,707 3,527 1,766 2,999 3,424 9,467 Federal Reserve notes Deposits: Member bank reserves 26,907 782 6,405 927 1,429 1,225 1,821 3,447 818 710 1,199 1,925 6,219 F O U. o t S h r . e e i r g T r n e 2 a / s ury—general account i ! 7, 5 7 2 6 6 8 3 9 8 55 8 3 1 1/ , 4 1 2 1 m 4 3 5 4 3 1 7 7 0 58 2 5 I 0 65 2 1 5 0 3 6 4 6 1 3 8 8 96 3 5 4 5 54 8 5 1 487 7 1 70 1 0 1 0 58 1 8 9 3 71 3 1 6 3 0 Total deposits 35,527 1,344 7,713— r;52i 2,035 1,913 2,550 4,451 1,372 1,205 1,910 2,535 6,978 Deferred availability cash items 7,764 256 1,378 400 1,780 490 717 280 357 726 460 704 Other liabilities and accured 216 dividends 998 42 222 73 71 49 138 35 25 34 41 218 TOTAL LIABILITIES 127,565 5,862 30,851 6,45409 9,805 11,241 6,281 19,013 5,214 3,353 5,669 6,460 17,367 CAPITAL ACCOUNTS Capital paid in 990 34 250 43 85 55 76 150 33 29 42 56 137 Surplus 983 35 251 43 84 54 75 148 33 29 41 55 135 Other capital accounts 458 |I 21 112 24 38 36 23 76 19 10 .18 22 59 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 129,996 5,952 31,464 6,559 10,012 11,386 6,455 19,387 5,299 3,421 5,770 6,593 17,698 FEDERAL RESERVE AGENTS1 AqCOUNTS F.R. notes outstanding 4,459 22,393 4,952 7,580 7,856 4,348 14,012 3,735 1,821 3,199 3,652 10,356 Collateral for F.R. notes: Gold certificate account 542 3,388 641 939 992 599 1,704 466 222 396 420 1,325 Special Drawing Rights certif. acct, 60 300 62 $0 24 42 46 59 Acceptances U.S. Government securities 3,930 18,850 4,500 6,810 7,025 4,000 12,600 3,280 1,610 2,800 3,425 9,300 Total collateral -4^532 ^7535 J/j^T 77749 o7oi747661 147304 3,796 1,856 3,238 3,891 10,684 * Estimated (Richmond District), 1/ After deducting $175 million participations of other Federal Reserve Banks. 2/ includes $13 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