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 14, 1977 Averages c) f daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Apr. 13, * Apr. 6, Apr, 14, Apr. 13, * and related items 1977 1977 1976 1Q77 Reserve Bank credit: 1/ (In millions of dollars) 2/3/ U.S. Government securities-- Bought outright—System account 92,311 - 955 + 8., 972 91,794 Held under repurchase agreements 362 + 299 + 65 2,535 Federal Agency obligations-- Bought outright 6,731 + 124 6,731 Held under repurchase agreements 21 + 13 + 7 149 Acceptances— Bought outright 138 11 381 134 Held under repurchase agreements 27 + 9 + 3 186 Loans-- Total member bank borrowing 39 - 26 - 22 41 Includes seasonal borrowing of 12 Other borrowing Float 3,321 + 625 +. 1,260 3,417 Other F.R. assets 2,933 - 83 - 1,146 3,140 Total Reserve Bank credit 105,883 - 128 + 8,881 108,127 Gold Stock 11,636 -« + 37 11,636 Special Drawing Rights certif. acct • 1,200 — + 700 1,200 Treasury currency outstanding 11,008 + 17 + 501 11,012 129,726 - 112 +10 118 131,975 : Currency in circulation ** 94,706 +1 ,057 + 7,912 95,093 Treasury cash holdings ** 500 + 31 29 500 Treasury deposits with F.R. Banks 5,279 - 579 +2,858 4,790 Foreign deposits with F.R. Banks 309 + 25 + 48 252 Other deposits with F.R. Banks 4/ 650 + 13 48 631 Other F.R. liabilities and capiFal 3,113 125 35 3,153 ™ 104,558 + 423 +10,706 104,419 Member bank reserves: With Federal Reserve Banks 25,170 533 586 27,557 Currency and coin 8,749 241 893 8,749 Total reserves held 5/ 34,045 - 293 + 283 36,432 Required reserves "~ 33,753 - 298 + 164 33,753 Excess reserves 5/ 292 + 5 + 119 2,679 NOTE: A net of $81 million of surplus reserves were eligible to be carried forward from the week ended April 6, into the week ending April 13. On April 13, 1977, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $57,626 million, an increase of $17 million for the week. 1/ Net of $3,541 million, daily average, matched sale-purchase transactions out standing during the statement week. 2/ Excludes $4,058 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $118 million securities loaned-fully secured by U.S. Government securi ties pledged with Federal Reserve Banks. 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. 5/ Adjusted to include $126 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. * Estimated (Cleveland District). ** Estimated (Treasury's figures). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4a(a> CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since April 13, April 6, April 14, A S S E TS ** 1977 1977 1976 Gold certificate account 1,636 -- + 37 Special Drawing Rights certif. acct. * 1,200 ...- + 700 Coin 322 - 18 - 29 Loans 41 + 5 - 281 Acceptances—Bought outright 134 - 8 - 370 Held under repurchase agreements 186 + 186 + 17 Federal Agency obligations--Bought outright 6,731 -- + 124 Held under repurchase agreements 149 + 149 + 49 U.S. Government securities: Bought outright—Bills 35,417 +4,975 +2,737 Certificates Notes 49,181 44,567 Bonds 7,196 +1,318 Total bought outright J./2/ 91,794 44,975 +8,622 Held under repurchase agreements 2,535 +2^535 + 457 Total U.S. Government securities 94,329 +7,510 +9,079 Total loans and securities 101,570 +7,842 +8,618 Cash items in process of collection (1,857) 9,802 - 750 +1,327 Bank premises 365 9 + 29 Other assets jy 2,775 + 134 -1,210 TOTAL ASSETS (1,857) 127,670 +7,199 +9,472 L I A B I L I T I ES Federal Reserve notes 84,902 + 573 +7,240 Deposits: Member bank-reserves account 27,557 +8,613 - 811 U.S. Treasury--general account 4,790 -2,409 +2,533 Foreign 252 + 15 + 10 Other 4/ 631 - 35 - 157 Total deposits 33,230 +6,184 4-1,575 Deferred availability cash items ((1,857) 6,385 + 281 + 665 Other liabilities and accrued dividends 952 + 52 - 102 TOTAL LIABILITIES (1,857) 125,469 +7,090 +9,378 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 228 + 110 5 * Figures in parentheses are the eliminations made in the consolidating process. J./ Excludes $4,058 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. y Includes $118 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. y 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. ** Estimated (Cleveland District). MATURITY DISTRIBUTION: OF LOANS MP SECURITIES. APRIL 13, 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 changes changes Within 15 days 29 217 4,809 +2 ,284 195 +149 16 days to 90 days 12 71 18,656 +5 ,313 282 91 days to 1 year 32 24,721 - 87.. 1,137 Over 1 year to 5 years 30,841 — 3,300 Over 5 years to 10 years 9,888 1,211 ^•» Over 10 years 1^414 — 755 Total 41 320 94,329 +7,510 6,880 +149 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 13, 1977 New Phila- Cleve- Rich St. Minne- Kansas San Total Boston York delphia ** land 1 mond Atlanta Chicago Louis apolis Citv Dallas Francisco (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 322 17 24 8 46 38 33 30 25 15 44 19 23 Loans 41 17 2 4 2 1 .. 5 * * 9 1 -- Acceptances: Bought outright 134 -- 134 -_ -- -- -- -- -- -- -- _- .. Held under repurchase agreements 186 -- 186 -_ -- -- -- -- -- _- -- -- -- 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 149 -- 149 -- -- _- -- -- -- -- -- _- .- U.S. Government securities: Bought outright-- Bills 35,417 1,636 8,331 1,965 2,920 2,843 1,897 5,671 1,445 810 1,401 1,682 4,816 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 1/2/ 91,794 4,242 21,591 5,093 7,568 7,368 4,917 14,699 3,743 2,099 3,633 4,360 12,481 Held under repurchase agreements 2,535 -- 2,535 -- -- -- -- -- -- -- -- -- -- Total U.S. Government securities 94,329 1 4,242 24,126 5,093 7,568 . 77368 47917 14,699 37743 2,099 3,633 4,360 12,481 Total loans and securities 110011,,557700 44,,557700 2266,,118800 55,,447711 88,,112255 77,,990099 55,,227788 1155,,778822 44,,001177 22,,225533 33,,990088 44,,668811 13,396 Cash items in process of collection 1111,,665599 229922 11,,884433 441144 776688 11,,992244 994400 11,,330011 553366 445533 992233 665522 1,613 Bank premises j 365 109 9 56 24 54 14 16 13 31 18 12 Q Other assets 3/ 2,775 85 1,340 109 135 140 154 256 77 42 68 82 287 Interdistrict settlement account -U- + 103 - 257 - 223 + 346 - 162 -1,041 + 362 + 16 + 189 + 36 + 644 13 TOTAL j 129,527 5,778 32,828 6,547 10,486 11,004 6,039 19,641 5,200 3,229 5,436 6,556 16,783 _1/ Excludes $4,058 million of securities sold, and scheduled to be bought back, under matched sale—purchase transactions. 2/ Includes $118 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. '* Estimated (Cleveland District). 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 APRIL 13, 1977 New Phila Cleve Rich St. Minne Kansas San Total Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas Francisco (In millions of dollars) L I A B I L I T I ES Federal Reserve notes 84,902 4,324 21,854 4,783 7,459 7,610 3,243 13,989 3,591 1,804 3,060 3,508 9,677 Deposits; Member bank reserves 27,557 782 7,569 857 1,737 1,222 1,599 3,782 853 721 1,101 1,976 5.358 U.S. Treasury--general account 4,790 288 834 470 387 209 397 588 271 192 342 408 404 Foreign 252 8 1/ 77 10 20 13 18 35 8 7 10 13 33 Other 2/ 631 1 527 1 1 19 42 4 * 1 2 17 16 Totar deposits 33,230 ] 1,079 9,007 1,338 2,145 1,463 2,056 4,409 1,132 921 1,455 2,414 5,811 Deferred availability cash items 8,242 255 1,159 273 624 1,731 521 770 365 419 795 471 859 Other liabilities and accured dividends 952 43 257 53 72 71 55 139 37 22 34 41 128 TOTAL LIABILITIES 127,326 5,701 32,277 6,447 10,300 10,875 5,875 19,307 5,125 3,166 5,344 6,434 16,475 CAPITAL ACCOUNTS Capital paid in 990 33 251 43 85 54 77 150 33 29 42 56 137 Surplus 983 35 251 43 84 54 75 148 33 29 41 55 135 Other capital accounts 228 9 49 14 17 21 12 36 9 5 9 11 36 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 129,527 5,778 32,828 6,547 10,486 11,004 6,039 19,641 5,200 3,229 5,436 6,556 16,783 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 89,250 4,490 22,524 5,009 7,671 7,916 4,238 14,215 3,791 1,843 3,259 3,896 10,398 Collateral for F.R. notes: Gold certificate account 11,634 542 3,388 641 939 992 599 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 78,543 3,930 18,950 4,500 6,810 7,018 4,000 12,600 3,340 1,710 2,900 3,485 9,300 Total collateral 90,820 4,532 22,638 5,141 7,749 8,010 4,661 14,304 3,856 1,956 3,338 3,951 10,684 * Less than $500,000. ** Estimated (Cleveland District). V 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