H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and ••f^rtCsf: Condition Statement of F.R. Banks H.4.1 For immediate release June 23, 1977 Averages <3 f daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, June 22, June 16 » June 23, June 22, and related items 1977 1977 1976 1977 Reserve Bank credit: 1/ (In mill ions of doll ar s ) ,1/ 1/ U.S. Government securities-- Bought outright—System account 96,244 +5 ,955 +7 ,397 96,709 Held under repurchase agreements 950 + 950 - 419 2,742 Federal Agency obligations-- Bought outright 7,110 + 51 + 305 7,436 Held under repurchase agreements 55 + 55 - 76 244 Acceptances-- Bought outright 48 - 4 _ 339 47 Held under repurchase agreements 155 + 155 - 255, 352 Loans-- Total member bank borrowing 271 + 48 + 106 1,212 Includes seasonal borrowing of: 51 + 4 + 30 58 Other borrowing Float 3 800 792 +1,265 3,906 Other F.R. assets 2 ,906 144 -1,186 2,983 Total Reserve Bank credit 111 541 +8,147 +6,800 115,631 Gold Stock 11 629 + 31 11,629 Special Drawing Rights certif. acct. 1 200 + 686 1,200 Treasury currency outstanding _IL1 10 19 + 476 11,112 +8,166 +7,992 139,572 Currency in circulation 95,983 - 147 +7,456 96,107 Treasury cash holdings 450 -- - 63 450 Treasury deposits with F.R. Banks 8,690 +7,370 + 342 12,958 Foreign deposits with F.R. Banks 261 26 + 18 250 Other deposits with F.R. Banks 4/ 600 - 115 - 123 631 Other F.R. liabilities and capital 3,289 + 164 - 44 3,348 109 273 +7,247 +7,586 113,744 Member bank reserves: With Federal Reserve Banks 26 207 + 920 406 25,829 Currency and coin 8 364 - 330 731 8,364 Total reserves held 5/ 34,718 + 590 +1,124 34,340 Required reserves 34,616 + 755 + 842 34,616 Excess reserves 5/ 102 - 165 + 282 - 276 NOTE: A net of $61 million of surplus reserves were eligible to be carried forward from the week ended June 15, into the week ending June 22. On June 22, 1977, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $57,809 million, an increase of $185 million for the week. 1/ Net of $816 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $982 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $118 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 m 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, * 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 since June 22, June 15, June 23, A S S E TS 1977 1977 1976 Gold certificate account 11,629 — + 31 Special Drawing Rights certif. acct. * 1,200 -- 600 • + Coin 313 + 2 32 Loans 1,212 + 239 + 375 Acceptances—Bought outright 47 - 2 - 334 Held under repurchase agreements 352 + 352 + 35 Federal Agency obligations—Bought outright 7,436 + 380 + 631 Held under repurchase agreements 244 + 244 + 201 U.S. Government securities: Bought outright—Bills 39,373 +5,519 + 822 Certificates Notes 49,088 + 356 + 3,706 Bonds 8,248 + 114 + 2,183 Total bought outright: 1/2/ 96,709 +5,989 + 6,711 Held under repurchase agreements 2,742 +2,742 + 2J.29 Total U.S. Government securities 99,451 +8,731 + 8,840 Total loans and securities 108,742 +9,944 + 9,748 Cash items in process of collection (2,389) 9,715 -1,019 + 954 Bank premises 371 — + 25 Other assets \j 2,612 + 130 - 1,197 TOTAL ASSETS (2,389) 134,582 +9,057 +10,129 L I A B I L I T I ES Federal Reserve notes 85,757 211 + 6,949 Deposits: Member bank-reserves account 25,829 - 1,801 + 1,344 U.S. Treasury—general account 12,958 +11,730 + 1,906 Foreign 250 94 4 Other kj 631 26 109 Total deposits 39,668 + 9,809 + 3,137 Deferred availability cash items (2,389) 5,809 716 + 73 Other liabilities and accrued dividends 1,007 + 55 86 TOTAL LIABILITIES (2,389) 132,241 + 8,937 +10,073 C A P I T AL A C C O U N TS Capital paid in 1,000 + 42 Surplus 983 -- + 54 Other capital accounts 358 + 120 40 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Excludes $982 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. ,2/ Includes $118 million securities loaned--ful Ly 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 LOINS AND SECURITIES,J une 22> 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 1,201 7,484 +3,964 304 +292 16 days to 90 days 11 358 17,343 +4,566 393 - 47 91 days to 1 year 4 26,796 - 180 1,025 Over 1 year to 5 years 30,129 + 199 3,636 +233 Over 5 years to 10 years 11,233 + 68 1,499 +113 Over 10 years 6,466 + 114 823 + 33 Total 1,212 399 99,451 +8,731 7,680 +624 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BMK ON June 22, 1977 New Phila- Cleve- Rich St. Minne- Kansas pSar"" Total Boston York delphia land | mond Atlanta Chicago Louis apolis City Dallas Izssasjksss- (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 313 13 16 14 43 35 31 24 22 16 42 17 40 Loans 1,212 199 482 56 6 55 10 124 80 6 79 94 21 Acceptances: Bought outright 47 -- 47 — -- -- -- -- -- -•" -- -- -- Held under repurchase agreements 352 -- 352 -- -- -- -- -- •"• -- -- -- -- Federal Agency obligations— Bought outright 7,436 347 1,755 397 622 593 367 1,191 316 182 298 372 996 Held under repurchase agreements 244 — 244 -- -- -- -- -- -- -- -- -- -- U.S. Government securities: Bought outright-- Bills 39,373 1,840 9,293 2,100 3,295 3,138 1,944 6,307 1,671 964 1,580 1,969 5,272 Certificates — -. -- -- -- -- -- -- -- -- -- -- -- Notes 49,088 2,294 11,586 2,619 4,109 3,912 2,423 7,864 2,083 1,202 1,969 2,454 6,573 Bonds 8,248 385 1,947 440 691 657 407 1,321 350 202 331 413 LI04 Total bought outright 1/%/ 96,709 4,519 22,826 5,159 8,095 7,707 4,774 15,492 4,104 2,368 3,880 4,836 12,949 HHHeeelllddd uuunnndddeeerrr rrreeepppuuurrrccchhhaaassseee aaagggrrreeeeeemmmeeennntttsss 2,742 -- 2,742 -- -- -- -- -- -- -- *- -- -- TTToootttaaalll UUU...SSS... GGGooovvveeerrrnnnmmmeeennnttt ssseeecccuuurrriiitttiiieeesss 99,451 4,519 25,568 5,159 8,095 7,707 4,774 15,492 4,104 2,368 3,880 4,836 12,949 TTToootttaaalll llloooaaannnsss aaannnddd ssseeecccuuurrriiitttiiieeesss 108,742 5,065 28,448 5,612 8,723 8,355 5,151 16,807 4,500 2,556 4,257 5,302 13,966 Cash items in process of collection 12,104 393 2,010 366 664 1,741 1,204 1,447 561 486 1,000 695 1,537 Bank premises 371 110 9 56 24 60 14 16 13 30 18 12 9 Other assets kJ 2,612 79 1,175 99 133 131 137 256 70 43 76 80 333 IInntteerrddiissttrriicctt sseettttlleemmeenntt aaccccoouunntt -0- + 11 -1,001 - 221 - 162 - 154 - 349 4- 363 - 355 4- 38 4- 749 + 652 4- 429 TTOOTTAALL 136,971 6,272 34,360 6,628 10,462 11,259 6,810 20,839 5,330 3,418 6,577 7,260 17,756 \j Excludes $982 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $118 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

II.-r. 1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON June 22, 1977 New Phila Cleve Rich St. jMinne- Kansas San Total Boston York delphia land mond Atlanta Chicago Louis japolis City Dallas Francisco (In millions of dollars) L I A B I L I T I ES Federal Reserve notes Deposits: 85,757 4,405 21,780 4,698 7,410 7,718 3,467 14,061 3,616 1,846 3,206 3,671 9,879 Member bank reserves 25,829 832 6,268 1,045 1,334 1,257 1,687 3,465 784 750 1,261 2,013 5,133 U.S. Treasury—general account 12,958 582 3,888 457 964 509 547 2,010 348 299 1,146 886 1,322 Foreign 250 8 1/' 75 10 20 13 18 35 8 7 10 13 33 Other 2/ 631 1 538 7 1 12 40 3 1 1 1 9 17 Total deposits 39,668 1,423 10,769 1,519 2,319 1,791 2,292 5,513 1,141 1,057 2,418 2,921 6,505 Deferred availability cash items 8,198 321 962 258 455 1,542 810 758 455 424 820 492 901 Other liabilities and accured dividends 1,007 43 264 48 77 73 71 147 38 24 36 45 141 TOTAL LIABILITIES 134,630 6,192 33,775 6,523 10,261 11,124 6,640 20,479 5,250 3,351 6,480 7,129 17,426 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 358 13 83 19 31 26 18 60 14 8 14 19 53 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 136,971 6,272 34,360 6,628 10,462 11,259 6,810 20,839 5,330 3,418 6,577 7,260 17,756 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 90,980 4,593 22,666 5,047 7,677 8,117 4,468 14,471 3,842 1,914 3,399 —ZT7S55 IU77ST5 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. aacccctt.. 752 60 300 109 62 50 24 42 46 59 Acceptances U.S. Government securities 79,905 4,070 19,150 4,500 6,910 7,050 4,000 13,000 3,390 1,710 3,000 3,625 9,500 Total collateral JJ 92,282 4,671 22,852 5,132 7,843 8,141 4,621 14,736 3,908 1,959 3,435 4,127 10,857 2/ TnrinH.c <si/ ~n • r -r-tions of other Federal Reserve Banks. c with J it ^ l°n °5 Ceraln 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