H.4.1 Factors Affecting Reserve Balances of Depository Institutions

ol£2¥eA FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release June 16, 1977 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, June 15,* June 8, 1 June 16, June 15,* and related items 1977 1977 I 1976 1977 Reserve Bank credit: 1/ (In millions of dollars) 2/ 3/ U.S. Government securities-- Bought outright—System account 90,289 - 610 +3 ,574 90,720 Held under repurchase agreements — — - 276 — Federal Agency obligations— Bought outright 7,059 - 18 + 254 7,056 Held under repurchase agreements -- -- - 8 — Acceptances— Bought outright 52 - 4 . 353 49 Held under repurchase agreements — — - 40 — Loans-- Total member bank borrowing 223 — + 174 973 Includes seasonal borrowing of: 47 - 3 + 31 45 Other borrowing Float 3,055 - 461 + 547 4,212 Other F.R. assets 2,763 + 88 -1, 488 2,857 Total Reserve Bank credit 103,442 -1, 003 +2 ,386 i 105,867 Gold Stock 11,629 — + 31 11,629 Special Drawing Rights certif. acct. 1,200 — + 700 1,200 Treasury currency outstanding 11,091 + 8 + 475 11,096 127,362 - 995 +3 ,591 129,792 Currency in circulation ** 96,131 + 216 +7 ,366 96,312 Treasury cash holdings ** 450 — - 57 450 Treasury deposits with F.R. Banks 1,320 -1, 980 -2, 730 1,228 Foreign deposits with F.R. Banks 287 + 8 + 26 344 Other deposits with F.R. Banks 4/ 715 + 155 - 316 657 Other F.R. liabilities and capital 3^125 ++ 111133 6622 3,173 102,028 --11 ,,448877 ++44 ,,222277 102,164 Member bank reserves: With Federal Reserve Banks 25,334 + 492 _ 636 27,628 Currency and coin 8,694 __ 6611 ++ 885533 8,694 Total reserves held 5/ 34,175 443311 ++ 220044 36,469 Required reserves 33,861 + 163 + 461 33,861 Excess reserves 5/ 314 + 268 - 257 2,608 NOTE A net of $42 million of surplus reserves were eligible to be carried forward from the week ended June 8, into the week ending June 15 On June 15, 1977, marketable . Government securities held in custody u#s by the Federal Reserve Banks for foreign and international accounts were $57,624 million, a decrease of $969 million for the week. 1/ Net of $5,765 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $5,477 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $105 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 (Richmond and Atlanta Districts). ** 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 dollsa rs) Wednesday Change since June 15, June 8, June 16, A S S. E T S 1977** 1977 1976 Golcf certificate account 11,629 — + 31 Special Drawing Rights certif. acct. * 1,200 — + 700 Coin 311 + 2 - 33 Loans 973 + 204 + 912 Acceptances--Bought outright 49 5 - 347 Held under repurchase agreements — — - 281 Federal Agency obligations—Bought outright 7,056 21 + 251 Held under repurchase agreements — — - 56 U.S. Government securities: Bought outright—Bills 33,854 +3,411 -2,639 Certificates Notes 48,732 — +3,876 Bonds 8,134 -- +2,133 Total bought outright \J2J 90,720 * +3,411 +3,370 Held under repurchase agreements — — -1,931 Total U.S. Government securities 90,720 +3,411 +1,439 Total loans and securities 98,798 +3,589 +1,918 Cash items in process of collection (1,917) 12,052 +3,052 +2,067 Bank premises 371 -„ + 29 Other assets3_/ 2,486 + 181 -1,137 TOTAL ASSETS (1,917) 126,847 +6,824 +3,575 L I A B I L I T I ES Federal Reserve notes 85,977 - 24 +6,850 Deposits: Member bank-reserves account 27,628 +5,610 - 44 U.S. Treasury-general account 1,228 -1,495 -4,535 Foreign 344 + 51 + 109 Other 4/ (1) 657 + 103 - 130 Total deposits (1) 29,857 +4,269 -4,600 Deferred availability cash items (1,916) 7,840 +2,417 +1,425 Other liabilities and accrued dividends 952 + 54 - 154 TOTAL LIABILITIES (1,917) 124,626 +6,716 +3,521 C A P I T AL A C C O U N TS Capital paid in 1,000 «•«• + 46 Surplus 983 — + 54 Other capital accounts 238 + 108 - 46 * Figures in parentheses are the eliminations made in the consolidating process• ** Estimated (Richmond and Atlanta Districts). 1/ Excludes $5,477 million of securities sold, and scheduled to be bougjht back, under matched sale-purchase transactions, 1) Includes $105 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. 3™e 15, 1977 (Acceptances and securities held under repurchase agreements are classifiedd aass maturing within 15 days in accordance with maximum maturity of the agreemm eennttss..)) U.S. Government Federal Agency LLooaann 88 AAcccceepptt securities obligations aanncceess Holdings Weekly Holdings Weekly changes changes Within 15 days 994477 66 33,,552200 + 402 12 - 59 16 days to 90 days 2266 3399 1122,,777777 +2,976 440 +113 91 days to 1 year 44 2266,,997766 + 33 1,025 - 27 Over 1 year to 5 years 2299,,993300 3,403 - 47 Over 5 years to 10 years 1111,,116655 1,386 - 1 Over 10 years 66,,335522 790 Total 997733 4499 9900,,772200 +3,411 7,056 - 21 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 15, 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 1,200 60 300 71 103 109 62 190 50 24 42 46 143 Coin 311 12 16 14 43 37 30 23 23 15 41 17 40 Loans 973 23 127 52 81 13 18 355 * 7 56 23 218 Acceptances: Bought outright 49 -- 49 -- -- _- — -- -- -- — -- -- Held under repurchase agreements -- __ -- — -- -.- -- -- -- -- — -- «._ Federal Agency obligations — Bought outright 7,056 330 1,665 376 591 562 348 1,130 300 173 283 353 945 Held under repurchase agreements — -- -- -. -- -- -- -- -- -- -- -- U.S. Government securities: Bought outright-- Bills 33,854 1,582 7,990 1,806 2,834 2,698 1,671 5,423 1,437 829 1,358 1,693 4,533 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 1/V 90,720 4,239 21,412 4,840 7,594 7,230 4,479 14,533 3,850 2 ,221 3,639 4,536 12,147 Held under repurchase agreements -- — -- _- -- -- .- — -- -- — -- -- Total U.S. Government securities 90,720 4,239 21,412 4,840 7,594 7,230 4,479 14,533 3,850 T ,221 3,639 4,536 12,147 Total loans and securities 9988,,779988 44,,559922 2233,,225533 55,,226688 88,,226666 77,,880055 44,,884455 1166,,001188 44,,115500 22 ,,440011 33,,997788 44,,991122 13,310 Cash items in process of collection 1133,,996699 338877 22,,995566 338822 887722 11,,666677 11,,334444 11,,886622 556699 555577 11,,003344 773355 1,604 Bank premises 371 110 9 56 24 59 14 16 13 30 19 12 9 Other assets 3/ .! 2,486 76 1,132 93 123 126 119 252 66 39 65 150 245 Interdistrict settlement account -0- - 54 + 580 - 205 - 363 +1,563 - 947 - 55 - 310 - 189 - 59 - 35 + 74 TOTAL 128,764 5,724 31,649 6,310 10,002 12,348 6,027 20,042 5,030 3 ,102 5,513 6,293 16,724 * Less than $500,000. ** Estimated (Richmond and Atlanta Districts). _1/ Excludes $5,477 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. l_l Includes $105 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 15, 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 85,977 4,423 21,893 4,753 7,472 7,715 3,364 14,165 3,638 1,848 3,187 3,644 9,875 Deposits: Member bank reserves 27,628 838 7,059 1,067 1,669 1,174 1,694 4,285 809 648 1,192 1,838 5,355 U.S. Treasury--general account 1,228 76 94 107 90 94 90 142 49 49 148 121 168 Foreign 344 8 1/ 169 10 20 13 18 35 8 7 10 13 33 Other 2/ 658 557 6 1 13 44 5 4 3 2 8 15 Total deposits 29,858 922 7,879 1,190 1,780 1,294 1,846 4,467 870 707 1,352 1,980 5,571 Deferred availability cash items 9,756 262 1,102 222 484 3,144 572 924 410 460 847 500 829 Other liabilities and accured dividends 952 42 219 47 75 70 81 145 37 23 34 44 135 TOTAL LIABILITIES 126,543 5,649 31,093 6,212 9,811 12,223 5,863 19,701 4,955 3,038 5,420 6,168 16,410 CAPITAL ACCOUNTS Capital paid in 1,000 32 251 43 86 55 77 152 33 30 42 57 142 Surplus 983 35 251 43 84 54 75 148 33 29 41 55 135 Other capital accounts 238 8 54 12 21 16 12 41 9 5 10 13 37 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 128,764 5,724 31,649 6,310 10,002 12,348 6,027 20,042 5,030 3,102 5,513 6,293 16,72'4 — . . .. , i FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 90,843 4,594 22,742 5,043 7,732 8,061 4,322 14,515 3,842 1,915 3,371 4,019 10,687 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 79,755 4,070 19,150 4,500 6,910 7,050 4,000 13,000 3,390 1,710 3,000 3,575 9,400 Total collateral 92,132 4,671 22,852 5,132 7,843 8,141 4,621 14,736 3,908 1,959 3,435 4,077 10,757 1/ After deducting $175 million 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(Richmond and Atlanta Districts). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis