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 April 7, 1977 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Apr. 6, Mar. 30, Apr . 7, Apr. 6, and related items 1977 1977 1976 1977 Reserve Bank credit: V (In millions of dollars) 11 3/ U.S. Government securities-- Bought outright--System account 93,266 -1,710 +8 ,335 86,819 Held under repurchase agreements 63 -1,957 + 63 -- Federal Agency obligations- Bought outright 6,731 13 + 124 6,731 Held under repurchase agreements 8 - 63 + 8 -- Acceptances-- Bought outright 149 10 _ 386 142 Held under repurchase agreements 18 - 267 + 18 -- Loans-- Total member bank borrowing 65 + 7 + 41 36 Includes seasonal borrowing of: 14 — + 3 13 Other borrowing Float 2,692 + 501 + 591 4,448 Other F.R. assets 3,016 + 133 - 800 3,015 Total Reserve Bank credit 106,007 -3,379 +7 ,993 101,191 Gold Stock 11,636 -- + 37 11,636 Special Drawing Rights certif. acct. 1,200 -- + 700 1,200 Treasury currency outstanding 10,991 + 5 + 539 10,995 129,834 -3,374 +9 ,269 125,022 Currency in circulation * 93,622 + 609 + 7 ,909 94,484 Treasury cash holdings 496 + 26 - 27 500 Treasury deposits with F.R , Banks 5,858 -3,324 +1 ,590 7,199 Foreign deposits with F.R. Banks 284 + 25 + 7 237 Other deposits with F.R. Banks 4/ 637 + 45 - 277 666 Other F.R. liabilities and capital 3,238 - 137 + 208 2,992 104,135 -2,758 +9 ,411 106,078 Member bank reserves: With. Federal Reserve Banks 25,699 - 617 „ 141 18,944 Currency and coin 8,508 + 209 + 908 8,508 Total reserves held 5/ 34,334 - 425 + 747 1 27,579 Required reserves 34,051 - 389 + 587 34,051 Excess reserves 5/ 283 36 + 160 - 6,472 NOTE: A net of $168 million of surplus reserves were eligible to be carried forward from the week ended March 30, into the week ending April 6. On April 6, 1977, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $57,525 million, an increase of $1,116 million for the week. \J Net of $2,824 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $9,141 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $173 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 47 Includes $13 million of certain deposits of foreign-owned banking institutions voluntarily held with member banks and redeposited in full with Federal Reserve Banks. 5/ Adjusted to include $127 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,nai vJONSOLLDAJL'ED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS fin millions of dollars) Wednesday- Change since April 6, Mar. 30, April 7, 1977 1977 1976 A S S E TS Gold certificate account 11,636 -- + 37 Special Drawing Rights certif. acct. 1,200 — + 700 Coin 340 19 19 Loans 36 - 113 5 Acceptances--Bought outright 142 13 - 383 Held under repurchase agreements Federal Agency obligations—Bought outright 6,731 13 + 124 Held under repurchase agreements U.S. Government securities: Bought outright—Bills 30,442 -9,293 22 Certificates Notes 49,181 — +4,567 Bonds 77..119966 — +1.318 Total bought outright 1/2/ 8866,,881199 -9,293 +5,863 Held under repurchase agreements -- — — Total U.S. Government securities 86,819 -9,293 +5,863 Total loans and securities 93,728 -9,432 +5,599 Cash items in process of collection (1,821) 10,552 +2,009 +2,723 Bank premises 374 + 1 + 39 Other assets 3/ 2,641 + 43 - 737 TOTAL ASSETS (1,821) 120.471 -7.398 +8,342 L I A B I L I T I ES Federal Reserve notes 84,329 +1,019 +7,372 Deposits: Member bank-reserves account 18,944 -7,963 -5,491 U.S. Treasury—general account 7,199 - 570 +5,743 Foreign 237 - 51 9 Other V 666 + 103 - 101 Total deposits 27,046 -8,481 + 142 Deferred availability cash items (1,821) 6,104 + 498 + 814 Other liabilities and accrued dividends 900 - 98 - 80 TOTAL LIABILITIES (1,821) 118,379 -7,062 +8,248 C A P I T AL A C C O U N TS Capital paid in 991 + 1 + 46 Surplus 983 — + 54 Other capital accounts 118 - 337 6 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Excludes $9,141 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $173 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. 4/ Includes $13 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, APRIL 6, 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 changes changes Within 15 days 31 78 2,525 -3,070 46 + 5 16 days to 90 days 5 41 13,343 -7,079 282 +14 91 days to 1 year — 23 24,808 + 590 1,137 -41 Over 1 year to 5 years -- — 30,841 + 266 3,300 + 9 Over 5 years to 10 years -- -- 9,888 — 1,211 + 5 Over 10 years — 554444 — 775555 - 5 Total 3366~~ 142 8866,,881199 -9,293 3377773311 -13 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 APRIL 6, 1977 New Phila Cleve Rich St. Minne- Kansas San Total Boston York delphia land mond . Atlanta.., . Chicago Louis anolis City Dallas Franciscc (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 340 18 25 8 46 39 35 30 25 15 44 19 36 Loans 36 — 2 4 — 1 — 16 * 1 10 2 — Acceptances: Bought outright 142 142 Held under repurchase agreements Federal Agency obligations-- Bought outright 6,731 311 1,583 374 555 540 361 1,078 274 154 266 320 915 Held under repurchase agreements U.S. Government securities: Bought outrigfrt— Bills 30,442 1,406 7,161 1,689 2,510 2,443 1,630 4,875 1,242 696 1,204 1,446 4,140 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 outrigjht 1/2/ 86,819 4,012 20,421 4,817 7,158 6,968 4,650 13,903 3,540 1 ,985 3,436 4,124 11,805 Held under repurchase agreements Total U.S. Government securities 86,819 4,012 20,421 4,817 7,158 6,968 4,650 13,903 3,540 1 ,985 3,436 4,124 11,805 Total loans and securities 93,728 4,323 22,148 5,195 7,713 7,509 5,011 14,997 3,814 2 ,140 3,712 4,446 12,720 Cash items in process of collection 12,373 302 2,759 322 643 1,823 1,086 1,423 476 549 887 633 1,490 Bank premises 374 109 18 56 24 54 14 16 13 31 18 12 9 Other assets 3/ 1 2,641 ! 108 1,193 106 129 151 120 253 72 41 73 87 308 Interdistrict settlement account -0- + 73 - 255 - 180 + 170 - 44 - 990 + 273 + 286 + 156 + 28 + 393 + 90 TOTAL 122,292 5,535 29,557 6,219 9,767 10,633 5,937 18,886 5,202 3 ,178 5,201 6,056 16,121 1/ Excludes $9,141 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $173 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. * Less than $500,000. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 6, 1977 New Phila Cleve Rich St. Minne Kansas San Total Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas Francisco (Ln millions of dollars) L I A B I L I T I ES 1-oder;:! Reserve notes 84,329 4,271 21,670 4,750 7,375 7,589 3,261 13,890 3,583 1,787 3,045 3,479 9,629 Deposits: Menber bank reserves 18,944 394 3,619 550 1,126 828 1,412 2,910 752 567 913 1,540 4,333 L'.S. Trcasury--general account 7,199 451 1,683 525 535 532 356 840 395 280 353 411 838 Foreign 237 8 1/ 62 10 20 13 18 35 8 7 10 13 33 Other 2/ 666 2 553 1 1 22 44 6 * 1 2 14 20 Total deposits 27,046 855 5,917 1,086 1,682 1,395 1,830 3,791 1,155 855 1,278 1,978 5,224 Deferred availability cash items 7,925 295 1,233 242 461 1,460 636 751 359 446 758 442 842 Other liabilities and accured dividends 900 41 212 47 71 68 52 139 35 29 33 40 133 TOTAL LIABILITIES 120,200 5,462 29,032 6,125 9,589 10,512 5,779 18,571 5,132 3,117 5,114 5,939 15,828 CAPITAL ACCOUNTS Capital paid in 991 33 251 43 85 54 77 150 33 29 42 56 138 Surplus 983 35 251 43 84 54 75 148 33 29 41 55 135 Other capital accounts 118 5 23 8 9 13 66 1177 44__ 33__ __44__ 66 20 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 122,292 5,535 29,557 6,219 9,767 10,633 5,937 18,886 5,202 3,178 5,201 6,056 16,121 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 88,805 4,491 22,456 4,966 7,595 7,882 4,299 14,101 3,745 1,837 3,220 3,858 10,355 Collateral for F.R. notes: Gold certificate account 11,633 542 3,388 641 939 992 559999 1,704 466 221 396 420 1,325 Special Drawing Rights certif. acct. 643 60 300 62 50 24 42 46 59 Acceptances U.S. Government securities 78,073 3,93C 18,850 4,500 6,810 6,968 4,000 12,600 3,280 1,610 2,800 3,425 9,300 Total collateral 90,349 4,532 22,538 5,141 7,749 7,960 4,661 14,304 3,796 1,855 3,238 3,891 10,684 * Less than $500,000. 1/ After deducting $175 nillion 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