H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and f*UR£^V Condition Statement of F.R. Banks H.4.1 For immediate release May 26, 1977 Member bank reserves, WWeeeekk eennddeedd Change from week ended Wednesday Reserve Bank credit, MMaayy 2255,, May 18, May 26, May 25, and related items 1977- 1 1977 1976 1977 Reserve Bank credit: 1/ (In millions of dollars) TKTJT U.S. Government securities- Bought outright--System account 96,707 - 556 +8,750 95,906 Held under repurchase agreements 1,784 - 287 - 279 — Federal Agency obligations— Bought outright 7,077 — + 236 7,077 Held under repurchase agreements 198 - 82 + 75 "" Acceptances- Bought outright 63 9 - 384 60 Held under repurchase agreements 346 - 102 - 18 — Loans-- Total member bank borrowing 311 + 185 + 175 449 Includes seasonal borrowing of: 34 + 6 + 22 35 Other borrowing — — -- — Float 2,720 + 9 + 925 3,122 Other F.R. assets 2,55_6 - 451 -1,181 2,688 Total Reserve Bank credit 111,763 -1,292 +8,300 109,302 Gold Stock 11,629 4 + 30 11,629 Special Drawing Rights certif. acct. 1,200 -- + 700 1,200 Treasury currency outstanding 11,069 + 14 + 488 11,073 135,661 -1,282 +9,519 133,204 Currency in circulation * 94,876 - 276 +7,474 95,225 Treasury cash holdings * 450 + 10 - 43 450 Treasury deposits with F.R. Banks 10,505 - 357 +2,450 9,044 Foreign deposits with F.R. Banks 263 - 102 + 31 274 Other deposits with F.R. Banks 4/ 548 + 23 - 76 713 Other F.R. liabilities and capiFal 3,375 + 94 - 34 j 3,425 110,018 - 608 f9,803 | 109,131 Member bank reserves: With Federal Reserve Banks 25,644 - 674 - 283 24,073 Currency and coin 8,164 - 390 + 651 8,164 Total reserves held 5/ 33,957 -1,066 + 360 32,386 Required reserves 33,799 - 951 + 280 33,799 Excess reserves 5/ 158 - 115 + 80 - 1,413 NOTE: A net of $85 million of surplus reserves were eligible to be carried forward from the week ended May 18, into the week ending May 25. On May 25, 1977, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $58,301 million, a decrease of $219 million for the week. 1/ Net of $1,755 million, daily average, matched sale-purchase transactions outstanding during the statement week. lj Excludes $2,468 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. \l Includes $138 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 4/ Includes $14 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 $149 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 Change sine e May 25, May is, May Zb, 1977 1977 1976 A S S E TS Gold certificate account 11,629 _- + 31 Special Drawing Rights certif. acct. 1,200 — + 700 Coin 324 5 - 25 Loans 449 + 238 - 196 Acceptances—Bought outright 60 8 - 375 Held under repurchase agreements — - 290 - 280 Federal Agency obligations—Bought outright 7,077 ... + 250 Held under repurchase agreements — - 276 - 105 U.S. Government securities: Bought outright—Bills 39,040 -1,137 +1,944 Certificates Notes 48,732 +3,876 Bonds 8,134 +2,133 Total bought outright 95,906 -1,137 +7,953 Held under repurchase agreements -1,119 -2,000 Total U.S. Government securities yy 95,906 -2,256 +5,953 Total loans and securities 103,492 -2,592 +5,247 Cash items in process of collection (1,918) 8,429 - 805 + 571 Bank premises 369 + 1 + 28 Other assets \l 2,319 - 67 -1,160 TOTAL ASSETS (1,918) 127,762 -3,468 +5,392 L I A B j C L I H ES Federal Reserve notes 84,926 7 46,903 Deposits: Member bank-reserves account 24,073 -1,319 -2,425 U.S. Treasury—general account 9,044 -1,804 +1,389 Foreign 274 5 + 23 Other */ 713 + 177 - 228 Total deposits 34, 104 -2,951 -1,241 Deferred availability cash items (1,918) 5 ,307 - 639 - 260 Other liabilities and accrued dividends _L 001 + 13 - 121 TOTAL LIABILITIES (1,918) 125,338 -3,584 +5,281 C A P I T AL A C C O U N TS Capital paid in 999 + 1 + 46 Surplus 983 — + 54 Other capital accounts 442 + 115 + 11 * Figures in parentheses are the eliminations made in the consolidating process. \j Excludes $2,468 million of securities sold, and scheduled to be bought back under matched sale-purchase transactions. 2/ Includes $138 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. 4/ Includes $14 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. MAY 25, 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 I changes Within 15 days 441 6 3,870 -1,662 . 68 -315 16 days to 90 days 8 48 17,613 - 76 212 91 days to 1 year 6 27,007 - 518 1,170 Over 1 year to 5 years 29,899 3,450 Over 5 years to 10 years 11,165 1,372 Over 10 years 6,352 805 Total 449 60 95,906 -2,256 7,077 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE B/rK ON MAY 25, 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) A S S E TS Gold certificate account 11,629 541 3,403 631 934 982 560 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 324 15 17 14 44 37 32 27 25 15 42 19 37 Loans 449 58 215 22 4 11 5 21 40 6 41 21 5 Acceptances: Bought outright 60 60 Held under repurchase agreements Federal Agency obligations— Bought outright 7,077 331 1,670 378 592 564 349 1,134 300 173 284 354 948 Held under repurchase agreements U.S. Government securities: Bought outright— Bills 39,040 1,824 9,214 2,083 3,268 3,112 1,927 6,254 1,657 956 1,566 1,952 S,227 Certificates Notes 48,732 2,277 11,502 2,600 4,079 3,884 2,406 7,807 2,068 1,193 1,955 2,436 6,525 Bonds 8,134 380 1,920 434 681 648 402 1,303 345 199 326 407 1,089 Total bought outright i/2Z 95,906 4,481 22,636 5,117 8,028 7,644 4,735 15,364 4,070 2,348 3,847 4,795 12,841 Held under repurchase agreements Total U.S. Government securities 95,906 4,481 22^636 5,117 8,028 7,644 4,735 15,364 4,070 2,348 3,847 4,795 12,841 Total loans and securities 103,492 4,870 24,581 5,517 8,624 8,219 5,089 16,519 4,410 2,527 4,172 5,170 13,794 Cash items in process of collection 10,347 311 1,262 271 656 1,674 1,263 1,341 391 477 844 640 1,217 Bank premises 369 109 9 56 24 58 14 16 13 30 19 12 9 Other assets 3/ 2,319 69 1,083 88 108 106 114 196 77 36 55 77 310 Interdistrict settlement account -0- - 31 +1,066 + 38 - 238 + 56 - 535 -1,245 - 68 + 206 + 50 + 538 + 163 TOTAL 129,680 5,944 31,721 6,686 10,255 11,241 6,599 18,780 5,367 3,540 5,617 6,958 16,972 1/ Excludes $2,468 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $138 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 May 25, 1977 New Phila Cleve Rich St. ^ Kansas San Total Boston York delphia land mond Atlanta Chicago Louis Minne City Dallas Francisco apolis (In millions of dollars) LL II AA BB II LL II TT II EESS FFeeddeerraall RReesseerrvvee nnootteess 84,926 4,353 21,596 4,690 7,370 7,637 3,361 13,968 3,588 1,834 3,134 3,606 9,789 DDeeppoossiittss:: MMeemmbbeerr bbaannkk rreesseerrvveess 24,073 902 5,271 938 1,452 1,321 1,843 2,759 872 641 1,232 1,694 5,148 UU..SS.. TTrreeaassuurryy----ggeenneerraall aaccccoouunntt 9,044 309 2,440 690 774 542 325 781 460 536 389 983 815 FFoorreeiiggnn 274 8 1/ r 99 10 20 13 18 35 8 7 10 13 33 OOtthheerr 2277 713 | 1 605 6 1 13 41 7 3 2 9 25 TToottaall ddeeppoossiittss 34,104 1,220 8,415 1,644 2,247 1,889 2,227 5,582 1,340 1,187 1,633 2,699 6,021 DDeeffeerrrreedd aavvaaiillaabbiilliittyy ccaasshh iitteemmss 7,225 244 868 192 350 1,500 783 714 294 427 714 472 667 OOtthheerr lliiaabbiilliittiieess aanndd aaccccuurreedd 1.001 43 230 51 82 72 55 145 62 24 36 47 154 TOTAL LIABILITIES 127,256 5,860 31,109 6,577 10,049 11,098 6,426 18,409 5,284 3,472 5,517 6,824 16,631 CAPITAL ACCOUNTS Capital paid in 999 32 251 43 85 55 77 152 33 30 42 57 142 Surplus 983 35 251 43 84 54 75 148 33 29 41 55 135 442 .. 17 110 23 37 34 21 71 17 9 17 22 64 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 129,680 5,944 31,721 6,686 10,255 11,241 6,599 18,780 5,367 3,540 6,617 6,958 16,972 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 90,023 4,570 22,539 5,005 7,636 7,960 4,412 14,313 3,838 1,887 3,305 4,010 10,548 Collateral for F.R. notes: Gold certificate account 11,625 541 3,402 632 933 982 559 1,736 468 225 393 456 1,298 Special Drawing Rights certif. acct. 643 60 300 — — — 62 -- 50 24 42 46 59 Acceptances — — — — — — — — — — — — -- U.S. Government securities 79,183 4,080 19.050 4,500 6.810 7,068 4,000 12,800 3,390 1,710 2,900 3,575 9,300 Total collateral 91,451 4,681 22,752 5,132 . 7,743 8,050 4,621 14,536 3,908 1,959 3,335 4,077 10,657 *y OJ.*.«,*. »«.» wi.j.u yi<j iuj.xj.jLuu {laititipations oi otner reaerai Keserve Banks. U e 2/ Includes $14 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