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 28, 1977 Averages of daily iMELl Member bank reserves, Week ended J-LfciHlSir JLF orL2{£J!JL ££5 '-£ Wednesday Reserve Bank credit, April 27, April 20, j April 28 April 27, 1977 and related items ;_ 1977, j. 1.976.,. 1977 Reserve Bank credit: 1/ (in millions of dollarsT 2/3/ U.S. Government securities-- Bought outright—System account 96,123 + 833 4, 8,763 .1 97,045 Held under repurchase agreements 1,727 •4-1. 277 4. 609 3,195 Federal Agency obligations- Bought outright 6,731 -» 4- 124 6,731 Held under repurchase agreements 115 -f 98 •f '-f _> 169 Acceptances-- Bought outright 115 ... 15 » 382 107 Held under repurchase agreements 304 + 2 70 + 174 484 Loans-- Total member bank borrowing 99 -f 70 4. 45 486 Includes seasonal borrowing of: 15 + I. 4. 4 17 Other borrowing Float 2,941 - 292 ••f 692 3,477 Other F.R. assets 3,174 ++ 7777 - 1,127 3,221 Total Reserve Bank credit 111,329 ,,331188 -f 8,943 114,915 Gold Stock 11,636 __ 4- 37 j 11,636 Special Drawing Rights certif. acct. 1,200 .... -f 700 I 1,200 Treasury currency outstanding 11,029 _ 4- 15 + 507 ! 11,029 ' 135,194 7333 -hi 0,187 138,780 Currency in circulation * 94,056 „ 549 4, 7,429 ! 94,290 Treasury cash holdings * 500 _- - 16 | 500 Treasury deposits with F.R. Banks 9,606 +3 + 2t745 i 11,323 Foreign deposits with F.R. Banks 272 . 41 -\- 34 | 266 Other deposits with F.R. Banks 4/ 634 + 12 „ 1 O / J 662 Other F.R. liabilities and capital 3,343 -f 48 4. 9 j 3,410 108,411 +2 ,845 +10,014 } 110,451 Member bank reserves: With Federal Reserve Banks 26,783 - 513 -f 173 28,329 Currency and coin 8,346 + 595 + 723 8.346 Total reserves held 5/ 35,280 + 82 + 896 J"36^826 Required reserves ~ 35,100 - 53 -f 828 | 35,100 Excess reserves 5/ 180 + 135 •4 68 1,726 NOTE: A net of $24 million of surplus reserves were eligible to be carried forward from the week ended April 20, into tha week ending April 27. On April 27, 1977, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $57,976 million, a decrease of $262 million for the week. 1/ Net of $1,126 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2j Excludes $665 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $153 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) WWeeddnneessddaayy Change since AApprriill 2277,, April 20, April 28, A S S E TS 1977 1977 1976 Gold certificate account 11,636 -,- + 37 Special Drawing Rights certif. acct. * 1,200 — + 700 Coin 327 1 - 10 Loans 486 + 428 + 240 Acceptances--Bought outright 107 ~ 14 - 379 Held under repurchase agreements 484 + 244 + 161 Federal Agency obligations»-Bought outrighhtt 6,731 -- + 124 Held under repurchase agreements 169 + 51 - 27 U.S. Government securities: Bought outright—Bills 40,179 4-1,264 +3,800 Certificates Notes 49,632 + 451 +4,692 Bonds 7,234 + 38 +1,318 Total bought outright 1/2/ 97,045 +1,753 +9,810 Held under repurchase agreements 3,195 + 47 - 947 Total U.S. Government securities 100,240 +1,800 +8,863 Total loans and securities 108,217 +2,509 +8,982 Cash items in process of collection (2,139) 9,661 - 848 +1,395 Bank premises 366 — + 28 Other assets 3/ 2,855 + 8 -1,158 TjOTAL ASSET? (2,139) 134,262 +1,668 +9,974 LIABILITIES Federal Reserve notes 84,088 - 214 +6,958 Deposits: Member bank-reserves account .28,329 +2,038 + 356 U.S. Treasury—general account 11,323 + 22 +2,300 Foreign 266 - 14 - 21 Other V 662 - 78 79 Total deposits 40,580 +1,968 +2,556 Deferred availability cash items (2,139) 6,184 - 213 + 497 979 + 10 - 140 Other liabilities and accrued dividends TOTAL LIABILITIES (2,139) 131,831 +1,551 +9,871 C A P I T AL A C CO UN T £ Capital paid in 991 1 + 45 Surplus 983 -• + 54 Other capital accounts 457 + 118 + 4 * Figures in parentheses are the eliminations made in the consolidating process. XI• Excludes $665 million of securities sold, and scheduled to be bought back, """ under matches sale-purchase transactions. II Includes $153 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 redepoaited in full with Federal Reserve Banks, MATURITY DISTRIBUTION: OF LOANS AND SECURITIES. APRIL 27, 1977 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance wifch maximum maturity of the agreements.) U.S. Government Federal Agency Loans Accept securities obligations ances Holdings Weekly Holdings Weekly changes Within 15 days 481 516 8,483 + 766 214 +51 16 days to 90 days 5 56 21,096 +1,316 289 +51 91 days to 1 year -- 19 24,050 - 750 1,092 -51 Over 1 year to 5 years -, -- 31,168 + 327 3,317 — Oyer 5 years to 10 years — — 9,991 + 103 1,233 -- Over 10 years -- -- . 5,452 + 38 755 — Total 486 591 100,240 +1,800 6,900 +51 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 27, 1477 New Phila Cleve Rich St. Minne Kansas San Ltotal Boston Yorfc delphia land mond Atlanta Chicago Louis apolis City Dallas [Francisco. (In millions of dollars) A S S E TS Gold certificate account 11,636 541 3,410 631 934 982 560 1,736 469 225 393 456 1,299 Special Drawing Rights certif. acct. ; 1,200 60 300 71 103 109 62 190 50 24 42 46 143 Coin 327 16 21 9 46 38 32 29 25 16 44 18 33 Loans 486 31 241 6 1 1 13 31 53 27 13 69 Acceptances: Bought outright 107 107 Held under repurchase agreements 484 484 »- Federal Agency obligations— Bought outright 6,731 315 1,589 359 563 536 332 1,078 286 165 270 337 901 Held under repurchase agreements 169 169 U.S. Government securities: Bought outright — Bills 40,179 ; 1,878 9,484 2,144 3,363 3,202 1,984 6,436 1,705 984 1,612 2,008 5,379 Certificates Notes 49,632 ! 2,319 11,714 2,648 4,155 3,956 2,450 7,951 2,106 1,215 1,991 2,482 6,645 Bonds 7,234 338 1,707 386 605 577 357 1,159 307 177 290 362 969 Total bought outright 1/2/ 97,045 '' 4,535 22,905 5,178 8,123 7,735 4,791 15,546 4,118 2,376 3,893 4,852 12,993 Held under repurchase agreements 3,195 3,195 Total U.S. Government securities 100,240 4,535 26,100 5,178 8,123 7,735 4,791 15,546 4,118 2,376 3,893 4,852 12,993 Total loans and securities 108,217 4,881 28,690 5,543 8,687 8,271 5,124 16,637 4,435 2,594 4,190 5,202 13,963 Cash items in process of collection 11,800 ! 306 1,521 383 646 1,729 1,187 1,453 701 483 981 862 1,548 Bank premises 366 109 9 56 24 56 14 16 13 30 18 12 9 Other assets 3/ 2,855 100 1,248 122 186 157 120 294 85 50 76 95 32: Interdistrict settlement account -0- + 675 -4,019 - 181 4- 117 - 190 + 8 - 773 + 368 - 107 + 824 + 783 +2,495 TOTAL 136,401 6,688 31,180 6,634 10,743 11,152 7,107 19,582 6,146 3,315 6,568 7,474 19,812 V Excludes $665 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $153 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 27, 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 84,088 4,307 21,688 4,661 7,332 7,562 3,201 13,837 3,555 1,803 3,065 3,514 9,563 Deposits: Member bank reserves 28,329 991 5,426 755 1,628 1,290 1,856 3,977 903 672 1,229 2,020 7,582 U.S. Treasury--general account 11,323 975 1,596 752 974 564 969 480 1,083 285 1,278 1,157 1,210 Foreign 266 8 1/ 91 10 20 13 18 35 8 7 10 13 33 Other 2/ 662 1 555 1 1 19 46 5 1 1 2 16 14 Total" deposits 40,580 1,975 7,668 1,518 2,623 1~8W 2,889 4,497 1,995 965 2,519 3,206 8,839 Deferred availability cash items 8,323 277 966 292 508 1,487 787 737 471 455 850 577 916 Other liabilities and accured dividends 979 44 250 51 73 69 55 139 42 24 34 44 154 TOTAL LIABILITIES 133,970 6,603 30,572 6,522 10,536 11,004 6,932 19,210 6,063 3,247 6,468 ,,341 19,472 CAPITAL ACCOUNTS Capital paid in 991 32 251 43 85 55 77 151 33 29 42 56 137 Surplus 983. 35 251 43 84 54 75 148 33 29 41 55 135 Other capital accounts 457i 18 106 26 38 39 23 73 17 10 17 22 68 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 136,401 6,688 31,180 6,634 10,743 11,152 7,107 19,582 6,146 3,315 6,568 7,474 19,812 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 4,574 22,503 4,992 7,641 7,957 4,373 14,185 3,782 1,855 3,272 3,987 10,444 Collateral for F.R. notes: Gold certificate account 541 3,409 632 933 982 559 1,736 468 225 393 455 1,298 Special Drawing Rights certif. acct. 60 -300 -- -- -- 62 -- 50 24 42 46 59 Acceptances U.S. Government securities 3,980 19,050 4,500 6,810 7,068 4,000 12,600 3,340 1,710 2,900 3,575 9,300 Total collateral 4,581 22,759 5,132 7,743 8,050 4,621 14,336 TTSS'B T7&3 373TT 4,U76 10,6b/' 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