H.4.1 Factors Affecting Reserve Balances of Depository Institutions

:*i££&: FEDERAL RESERVE Factors Affecting Bank Reserves and ••f-uTSSV Condition Statement of F.R. Banks H.4.1 For immediate release April 21, 1977 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Apr. 20, Apr. 13, Apr. 21, Apr. 20, and related items 1977 1977 1976 1977 Reserve Bank credit: 1/ (In millions of dollars) 2/3/ U.S. Government securities-- Bought outright--Systera account 95,290 +2,979 +9,160 95,292 Held under repurchase agreements 450 + 88 -1,519 3,148 Federal Agency obligations- Bought outright 6,731 + 124 6,731 Held under repurchase agreements 17 - 4 98 118 Acceptances-- Bought outright 130 - 8 - 373 121 Held under repurchase agreements 34 + 7 - 286 240 Loans-- Total member bank borrowing 29 - 10 11 58 Includes seasonal borrowing of: 14 + 1 + 4 15 Other borrowing Float 3,205 - 70 + 685 4,112 Other F.R. assets 3,097 4- 164 -1,243 3,213 Total Reserve Bank credit 108,983 +3,146 +6,439 113,033 Gold Stock 11,636 + 37 11,636 Special Drawing Rights certif. acct. 1,200 + 700 1,200 Treasury currency outstanding 11,014 + 6 + 500 11,017 132,833 +3,153 +7,675 136,886 Currency in circulation * 94,605 98 +7,499 94,492 Treasury cash holdings * 500 27 500 Treasury deposits with F.R. Banks 6,231 + 952 228 11,301 Foreign deposits with F.R. Banks 313 + 4 81 280 Other deposits with F.R. Banks 4/ 622 28 224 740 Other F.R. liabilities and capital 3,295 + 182 59 3,283 105 ,566 +1,012 +7,616 110,596 Member bank reserves: With Federal Reserve Banks 27 268 +2,141 60 26,291 Currency and coin 7 .751 - 998 663 7,751 Total reserves held 5/ 35,170 + 1,168 + 723 34,193 Required reserves 35,153 +1,400 + 836 35,153 Excess reserves 5/ 17 - 232 - 113 - 960 NOTE: A net of $148 million of surplus reserves were eligible to be carried forward from the week ended April 13, into the week endi ng April 20. On April 20, 1977, marketable U. S. Government securi ties held in custody by the Federal Reserve Banks for foreign and int ernational accounts were $58,238 million, an increase of $612 milli on for the. week. 1/ Net of $907 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2J Excludes $1,145 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. _3/ Includes $ 75 million securities loaned--fully secured by U.S. Government securities 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 $151 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 Channggee since April 20, April ITT April 21, A S S E TS 1977 1977 1976 ^Gold certificate account 11,636 + 37 Special Drawing Rights certif. acct. * 1,200 + 700 Coin 328 6 - 16 Loans 58 17 - 115 Acceptances—Bought outright 121 13 - 385 Held under repurchase agreements 240 54 - 104 Federal Agency obligations—Bought outright 6,731 + 124 Held under repurchase agreements 118 31 - 146 U.S. Government securities: Bought outright--Bills 38,915 +3,498 +3,462 Certificates Notes 49,181 +4,241 Bonds 7,196 -- +1,280 Total bought outright \J2J 95,292 +3,498 +8,983 Held under repurchase agreements 3,148 + 613 -1,823 Total U.S. Government securities 98,440 +4,111 Total loans and securities 105,708 +4,138 +6,534 Cash items in process of collection (2,078) 10,509 + 904 +1,463 Bank premises 366 + 1 + 30 Other assets \J 2,847 + 72 -1,494 TOTAL ASSETS (2,078) 132j594 +5_,121 +7^254 L I A B I L I T I ES Federal Reserve notes 84,302 - 578 +6,808 Deposits: Member bank-reserves account 26,291 -1,266 -2,712 U.S. Treasury--general account 11,301 +6,511 +3,407 Foreign 280 + 28 + 28 Other 4_/ 740 + 109 - 374 Total deposits 38, 612 +5, 382 + 349 Deferred availability cash items (2,078) 6 ,397 + 187 + 274 Other liabilities and accrued dividends 969 + 17 - 273 TOTAL LIABILITIES (2,078) 130,280 +5,008 +7,158 C A P I T AL A C C O U N TS Capital paid in 992 + 2 + 46 Surplus 983 + 54 Other capital accounts 339 + 111 4 * Figures in parentheses are the eliminations made in the consolidating process. V Excludes $1,145 million of securities sold, and scheduled to be bought: back, under matched sale-purchase transactions. 2/ Includes $75 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 20, 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 55 275 7,717 +2, 908 163 -32 16 days to 90 days 3 61 19,780 +1 124 238 -44 91 days to 1 year 25 24,800 + 79 1,143 + 6 Over 1 year to 5 years 30,841 -- 3,317 +17 Over 5 years to 10 years 9,888 -- 1,233 +22 Over 10 years 5,414 -- 755 ~- Total 58 361 98,440 +4,111 6,849 -31 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 20, 1977 New Phila- 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 11,636 542 3,389 641 939 992 599 1,704 466 222 397 420 1,3^5 Special Drawing Rights certif. acct. 1,200 60 300 71 103 109 62 190 50 24 42 46 14 3 Coin 328 16 23 8 46 38 32 28 25 16 43 18 :-5 -- -_ Loans 58 1 1 6 26 2 9 10 1 2 Acceptances: Bought outright 121 ~ 121 -- -- -- -- -- -- -- -- -- Held under repurchase agreements 240 -- 240 -- -- -- -- -- -- -- -- -- 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 118 -- 118 — -™ -- -- -- -- -- -- -- •-- U.S. Government securities: Bought outright-- Bills 38,915 1,798 9,153 2,159 3,209 3,123 2,084 6,232 1,587 890 1,540 1,848 5,2<>2 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 9:^8 Total bought outright V2/ 95,292 4,404 22,413 5,287 7,857 7,648 5,104 15,260 3,885 2,179 3,772 4,526 12,957 Held under repurchase agreements 3,148 -- 3,148 -- -- -. -- -- -- -- -_ -- ... Total U.S. Government securities 98,440 4,404 25,561 5,287 7,857 7,648 5,104 15,260 3,885 2,179 3,772 4,526 12,957 Total loans and securities 110055,,770088 44,,771166 2277,,662244 55,,666677 88,,441122 88,,118888 55,,446655 1166,,336644 44,,116611 22,,334422 44,,004488 44,,884477 13,874 Cash items in process of collection 1122,,558877 447744 22,,004499 338844 667733 11,,885500 11,,001111 11,,662200 771188 550099 993300 778855 1,584 Bank premises 366 109 9 56 24 55 14 16 13 31 18 12 9 Other assets 3/ 2,847 | 93 1,248 107 148 144 133 315 104 52 77 86 340 Interdistrict settlement account -0- + 550 -2,465 - 59 + 383 80 - 628 - 664 + 338 + 168 + 433 + 757 +1,267 TOTAL 134,672 6,560 32,177 6,875 10,728 11,296 6,688 19,573 5,875 3,364 5,988 6,971 18,577 1/ Excludes $1,145 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $75 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

H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 20, 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 E S. Federal Reserve notes 84,302 4,326 21,884 4,712 7,407 7,525 3,079 13,972 3,568 1,800 3,041 3,463 9,525 Deposits: Member bank reserves 26,291 738 5,457 972 1,572 1,241 1,895 3,111 1,015 687 1,259 1,899 6,445 U.S. Treasury—general account 11,301 981 2,173 752 911 691 818 1,086 695 309 763 923 1,199 Foreign 280 8 1/ 105 10 20 13 18 35 8 7 10 13 33 Other 2/ 740 603 1 1 20 45 5 1 8 2 14 40 Total deposits 38,612 1,727 8,338 1,735 2,504 1,965 2,776 4,237 1,719 1,011 2,034 2,849 7,717 Deferred availability cash items 8,475 383 1,114 271 548 1,589 603 869 474 465 782 491 886 Other liabilities and accured dividends 969 44 263 51 72 79 60 141 35 23 35 41 125 TOTAL LIABILITIES 132,358 6,480 31,599 6,769 10,531 11,158 6,518 19,219 5,796 3,299 5,892 6,844 18,253 CAPITAL ACCOUNTS Capital paid in 992 32 251 43 85 55 77 152 33 29 42 56 137 Surplus 983 35 251 43 84 54 75 148 33 29 41 55 135 Other capital accounts 339 13 76 20 28 29 18 54 13 7 13 16 52 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 134,672 6,560 32,177 6,875 10,728 11,296 6,688 19,573 5,875 3,364 5,988 6,971 18,577 FEDERAL RESERVE AGENTS' ACCOUNTS F. \. notes outstanding 89,503 4,562 22,634 5,004 7,712 7,937 4,210 14,237 3,781 1,855 3,256 3,910 10,405 Co Lateral for F.R. notes: id 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 j 78,693 3,980 19,050 4,500 6,810 7,018 4,000 12,600 3,340 1,710 2,900 3,485 9,300 Total collateral | 90,970 4,582 22,738 5,141 7,749 8,010 4,661 14,304 3,856 1,956 3,338 3,951 10,684 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