H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and f^LRE^ Condition Statement of F.R. Banks H.4.1 For immediate release June 9, 1977 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, June 8, * June 1, June 9, June 8, * and related items 1977 1977 1976 1977 Reserve Bank credit: T 7 ( In millions of dollars) 2/ 3/ U.S. Government securities-- Bought outright--System account 90,899 -5,413 +6,764 87,309 Held under repurchase agreements - 119 Federal Agency obligations-- Bought outright 7,077 + 250 7,077 Held under repurchase agreements Acceptances— Bought outright 56 3 - 366 54 Held under repurchase agreements -- 7 — Loans-- Total member bank borrowing 223 7 + 130 769 Includes seasonal borrowing of: 50 + 6 + 36 49 Other borrowing ..- — -- Float 3,498 + 983 + 560 3,562 Other F.R. assets 2,675 - 187 -1,124 2,689 Total Reserve Bank credit 104,429 -4,754 +6,215 101,460 Gold Stock 11,629 -- + 31 11,629 Special Drawing Rights certif. acct. 1,200 -_ 4- 700 1,200 Treasury currency outstanding 11,083 + 10 + 474 11,083 128,341 -4,744 +7,420 125,372 Currency in circulation ** 95,914 + 530 +7,313 96,316 Treasury cash holdings ** 450 -- 53 450 Treasury deposits with F.R. Banks 3,300 -3,632 + 349 2,723 Foreign deposits with F.R. Banks 279 - 42 + 24 293 Other deposits with F.R. Banks4/ 560 - 262 - 109 560 Other F.R. liabilities and capital 3,012 - 464 - 44 3,012 103,515 -3,871 +7,480 103 ,354 Member bank reserves: With Federal Reserve Banks 24,826 - 873 59 22 ,018 Currency and coin 8,755 + 170 + 673 8 .7.55 Total reserves held 5/ 33,728 - 703 + 601 30,920 Required reserves ~" 33,698 - 342 + 501 33,698 Excess reserves 5/ 30 - 361 + 100 - 2,778 NOTE: A net of $139 million of surplus reserves were eligible to be carried forward from the week ended June 1, into the week ending June 8. On June 8, 1977, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $58,593 million, an increase of $198 million for the week. 1/ Net of $5,542 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $8,921 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $56 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 $147 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. * Estimated (Chicago District). ** Estimated (Treasuryf 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 since June 8, June 1, June 9, 1976 ,.:• A S S E TS ** 1977 1977 i .ji Gdtd Certificate account 11,629 — + 31 J Special Drawing Rights certif. acct. 1,200 -. + 700 Coin 309 - 6 - 35 Loans 769 + 549 + 418 Acceptances—Bought outright 54 - 4 - 358 Held under repurchase agreements Federal Agency obligations--Bought outright 7,077 250 Held under repurchase agreements U.S. Government securities: Bought outright—Bills 30,443 7,943 - 1,927 Certificates Notes 48,732 + 3,876 Bonds 8,134 +2,133 Total bought outright 1/ 2/ 87,309 7,943 + 4,082 Held under repurchase agreements Total U.S. Government securities 87,309 - 7,943 + 4,082 Total loans and securities 95,209 - 7,398 + 4,392 Cash items in process of collection (1867) 8,919 - 1,578 + 1,019 Bank premises 371 + 2 + 28 Other assets \j 2,318 - 1,330 - 1,158 TOTAL ASSETS (1867) 119,955 -10,310 + 4,977 LIABILITIES, 85,992 + 302 + 6,775 Federal Reserve notes 22,018 - 4,221 - 2,216 Deposits: Member bank-reserves account 2,723 - 2,223 + 227 U.S. Treasury-general account 293 32 + 55 Foreign 560 - 1,436 77 Other _/ 25,594 - 7,912 - 2,011 Total deposits (1867) 5,357 - 2,195 + 313 Deferred availability cash items 903 89 151 Other liabilities and accrued dividen4s (1867)117,846 - 9,894 +4,926 TOTAL LIABILITIES C A P I T AL A C C O U N T S. Capital paid in 1,000 + 1 + 46 Surplus 983 — + 54 Other capital accounts 126 - 417 49 * Figures in parentheses are the eliminations made in the consolidating process. ** Estimated (Chicago District). 1/ Excludes $8,921 million of securities sold, and scheduled to be bought back under matched sale-purchase transactions. 2^/ Includes $56 million securities loaned—fully secured by U. S. Government securities pledged with Federal Reserve Banks. j3/ 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. June 8. 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 747 8 3,118 +1,181 71 — 16 days to 90 days 22 42 9,801 -8,394 327 +50 91 days to 1 year 4 26,943 - 730 1,052 -50 Over 1 year to 5 years 29,930 — 3,450 -- Over 5 years to 10 years 11,165 -- 1,387 — Over 10 years ,6,35,2 — 790 -- Total 769 54 87,309 -7,943 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 BANK ON June 8, 1977 New Phila Cleve Rich * St. Minne Kansas San Total 1 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 309 13 14 14 43 36 31 25 23 15 41 17 37 Loans 769 46 585 6 5 -- 4 9 1 38 29 15 31 Acceptances: Bought outright 54 54 Held under repurchase agreements Federal Agencv obligations— Bought outi ight 7,077 331 1,670 378 592 564 349 1,134 300 173 284 354 948 Held under cepurchase agreements U.S. Governm<nt securities: Bought outLight-- Bills 30,443 1,423 7,185 1,624 2,548 2,426 1,502 4,877 1,292 745 1,222 1,523 4,076 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 TToottaall bboouugghhtt oouuttrriigghhtt AA//22// 87,309 4,080 20,607 4,658 7,308 6,958 4,310 13,987 3,705 2 ,137 3,503 4,366 11,690 HHeelldd uunnddeerr rreeppuurrcchhaassee aaggrreeeemmeennttss TToottaall UU..SS.. GGoovveerrnnmmeenntt sseeccuurriittiieess 87,309 4,080 20,607 4,658 7,308 6,958 4,310 13,987 3,705 2 ,137 3^503 4,366 11,690 Total loans and securities 95,209 4,457 22,916 5,042 7,905 7,522 4,663 15,130 4,006 2 ,348 3,816 4,735 12,669 CCaasshh iitteemmss iinn pprroocceessss ooff ccoolllleeccttiioonn 10,786 379 1,598 294 483 1,696 1,263 1,386 467 468 969 575 1,208 BBaannkk pprreemmiisseess 371 110 9 56 24 59 14 16 13 30 19 12 9 OOtthheerr aasssseettss 33// 2,318 75 1,095 92 117 120 98 238 66 39 75 73 230 IInntteerrddiissttrriicctt sseettttlleemmeenntt aaccccoouunntt -0- - 91 +1,091 - 141 - 92 + 169 - 448 - 225 - 102 158 - 105 - 67 + 169 TTOOTTAALL JJ 121,822 5,544 30,426 6,059 9,517 10,693 6,243 18,496 4,992 2 ,991 5,250 5,847 15,764 * Estimated (Chicago District) 11 Excludes $8,921 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $56 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 June 8 , 1977 New Phila Cleve Rich St. Minne Kansas San Total Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas Francisco (In millions o f dollars) L I A B I L I T I ES Fed.eral Reserve notes Deposits: 85,992 | 4,423 21,834 4,742 7,463 7,715 3,440 14,123 3,643 1,849 3,192 3,656 9,912 Member bank reserves 22,018 581 5,950 747 1,211 988 1,473 2,962 723 513 977 1,406 4,487 U.S. Treasury--general account 2,723 159 354 213 213 347 246 26.2 186 140 201 202 200 Foreign 293 9 1/ 117 10 20 13 18 35 8 7 10 13 33 Other 2/ 560 __ 467 1 1 15 45 9 1 2 1 9 9 Total deposits 25,594 749 6,888 971 1,445 1,363 1,782 3,268 918 662 1,189 1,630 4,729 Deferred availability cash items 7,224 259 960 208 356 1,431 801 644 326 396 745 399 699 Other liabilities and accured dividends 903 42 214 45 72 66 61 141 35 22 36 42 127 TOTAL LIABILITIES 119,713 5,473 29,896 5,966 9,336 10,575 6,084 18,176 4,922 2,929 5,162 5,727 15,467 CAPITAL ACCOUNTS Capital paid in 1,000 32 251 43 86 55 77 152 33 30 42 57 142 Surplus 70J 35 251 43 84 54 75 148 33 29 41 55 135 Other capital accounts 126 4 28 7 11 9 7 20 •4 3 5 8 20 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 121,822 j 5,544 30,426 6,059 9,517 10,693 6,243 18,496 4;992 2,991 5,250 5,847 15,764 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 90,574 4,579 22,672 5,016 7,674 8,042 4,366 14,439 3,847 1,895 3,350 4,021 10,673 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, 752 60 300 109 62 50 24 42 46 59 Acceptances U.S. Government securities 79,258 4,070 19,050 4,500 6,810 6,953 4,000 12,800 3,390 1,710 3,000 3,575 9,400 Total collateral 91,635 4 671 22,752 ! 5,132 7,743 8,044 4,621 14,536 3,908 1,959 3,435 4,077 10,757 1_/ After deducting $176 miTTion participations of other Federal Reserve Banks. 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. * Estimated (Chicago District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis