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 AugUSt 11, 1977 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Aug. 10, * Aug. 3, Aug. 11, Aug. 10, * and related items 1977 1977 1976 1977 Reserve Bank credit: T7 (In millions of dollars) 2/ 3/ U.S. Government securities-- Bought outright—System account 95,177 -1,369 +7,154 92,063 Held under repurchase agreements -1,754 Federal Agency obligations-- Bought outright 7,411 9 + 606 7,411 Held under repurchase agreements - 189 Acceptances-- Bought outright 13 5 299 Held under repurchase agreements - 288 Loans-- Total member bank borrowing 584 - 14 462 916 Includes seasonal borrowing of: 74 + 5 48 62 Other borrowing Float 3,859 + 144 +1 ,346 3,898 Other F.R. assets 3,231 - 129 -1 ,008 3,304 Total Reserve Bank credit 110,275 -3, 613 +8 ,260 107,601 Gold Stock 11,595 - 3 11,595 Special Drawing Rights certif. acct. 1,200 + 500 1,200 Treasury currency outstanding 11,176 + 7 + 495 11.178 134,246 -3,606 +9,252 131,574 Currency in circulation ** 97,887 + 519 +8,128 98,327 Treasury cash holdings ** 447 + 25 + 8 450 Treasury deposits with F.R. Banks 6,058 -2,441 + 642 4,523 Foreign deposits with F.R. Banks 270 - 123 + 46 250 Other deposits with F.R. Banks 4/ 551 - 136 - 383 560 Other F.R. liabilities and capital 3,196 - 300 + 60 3,174 108,408 -2,455 +8,501 107,284 Member bank reserves: With Federal Reserve Banks 25,839 -1,150 751 24,291 Currency and coin 8,992 + 54 668 8,992 Total reserves held 5/ 34,923 -1,096 +1,361 33,375 Required reserves 34,804 - 694 +1,206 34,804 Excess reserves 5/ 119 - 402 + 155 -1,429 NOTE A net of $212 million of surplus reserves were eligible to be carried forward from the week ended August 3, into the week ending August 10. On August 10, 1977, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $60,303 million, an increase of $245 million for the week. 1/ Net of $2,723 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $5,823 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $217 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 4/ Includes $9 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 $92 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. * Estimated (Cleveland District). •* 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 August 10, August 3, August 11, ;^A S S E TS **1977 1977 1976 ' Gold certificate account 1,595 -- - 3 Special ^rawing Rights certif. acct # * 1,200 -- + 500 Coin 299 - 1 - 50 Loans 916 + 311 + 317 Acceptances—Bought outright 9 - 8 - 291 Held under repurchase agreements Federal Agency obligations—Bought outright 7,411 + 606 Held under repurchase agreements U.S. Government securities: Bought outright--Bills 34,727 -4,779 583 Certificates Notes 49,088 +3 ,339 Bonds 8,248 +2 ,151 Total bought outright 1/2/ 92,063 -4,779 +6 ,073 Held under repurchase agreements Total U.S. Government securities 92,063 -4,779 ±h, 073 Total loans and securities 100,399 -4,476 +6,705 Cash items in process of collection (1,795) 9,453 -1,670 +1,183 Bank premises 375 -- + 26 Other assets \j 2,929 - 429 - 931 TOTAL ASSETS (1,795) 126,250 -6,576 +7,430 L I A B I L I T I ES Federal Reserve notes 87,897 + 516 +7,628 Deposits: Member bank-reserves account 24,291 -3,627 - 435 U.S. Treasury--general account 4,523 -2,672 - 143 Foreign 250 - 51 + 51 Other i^l 560 - 165 - 361 Total deposits 29,624 -6,515 - 888 Deferred availability cash items (1,795) 5,555 - 588 + 652 Other liabilities and accrued dividends 992 99 - 41 TOTAL LIABILITIES (1,795) 124,068 -6,686 +7,351 C A P I T AL ACCOUNTS. Capital paid in 1,008 + 2 + 45 Surplus 983 -- + 54 Other capital accounts 191 + 108 20 Figures in parentheses are the eliminations made in the consolidating process. Estimated (Cleveland District). 1/ Excludes $5,823 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $217 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. 4/ Includes $9 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. August 10. 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 872 4,623 + 607 135 +135 16 days to 90 days 44 11,358 -5, 342 317 -135 91 days to 1 year 28,904 - 44 976 -- Over 1 year to 5 years 29,479 --. 3,648 -- Over 5 years to 10 years 11,233 ~, 1,512 -- Over 10 years 6,466 -- 823 -- Total 916 92,063 -4,779 7,411 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 August 10, 1977 New Phila Cleve- Rich- St. Minne Kansas San Total Boston York delphia * land 1 mond Atlanta Chicago Louis apolis Citv Dallas Francisco lions of dollars) A S S. ETS Gold certificate account 11,595 541 3,369 631 934 982 560 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 299 12 17 13 43 32 28 23 20 15 41 14 41 Loans 916 52 26 19 7 65 83 53 21 20 38 12 520 Acceptances: Bought outright 9 9 Held under repurchase agreements Federal Agency obligations— Bought outright 7,411 346 1,749 395 620 591 366 1,187 315 182 297 371 992 Held under repurchase agreements U.S. Government securities: Bought outrigjit-- Bills 34,727 1,623 8,196 1,853 2,906 2,768 1,715 5,563 1,474 850 1,393 1,736 4,650 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 1,104 Total bought outrigjht UV 92,063 4,302 21,729 4,912 7,706 7,337 4,545 14,748 3,907 2,254 3,693 4,603 12,327 Held under repurchase agreements Total U.S. Government securities 92,063 4,302 21,729 4,912 7,706 7,337 4,545 14,748 3,907 2,254 3,693 4,603 12,327 Total loans and securities 100,399 4,700 23,513 5,326 8,333 7,993 4,994 15,988 4,243 2,456 4,028 4,986 13,839 Cash items in process of collection 11,248 326 1,891 336 639 1,722 1,280 1,222 397 504 948 691 1,292 Bank premises 375 111 10 56 24 63 14 16 12 30 18 12 9 Other assets •$.' 2,929 102 1,178 118 178 176 137 332 90 60 85 102 371 Interdistrict settlement account -0- - 45 +2,219 223 - 270 + 31 - 541 - 393 - 198 55 + 63 + 200 - 788 TOTAL 128,045 5,807 32,497 6,328 9,984 11,108 6,534 19,114 5,083 3,259 5,618 6,507 16,206 * Estimated (Cleveland District). 1/ Excludes $5,823 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $217 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

STATEMENT OF CONDITION OF EACH FFDERAL #F. SERVE BANK ON AUGUST 10, 1977 H.4.1(c) T" | Naw I FM.lv Rich Minne Kansas San Total 3oet n j Tor'- ! c^'J.vlil* mond Atlyrts Chicago i Tonis apolis City Dallas Francisco (In million? of dollars) L I A B I L I T I ES Federal Reserve notes 87,897 4,457 22,497 4,746 7,635 7 r 884 5,455 14,476 3,699 1,865 3,206 3,829 10,148 Deposits: Member bank reserves 24,291 I 702 77,,005588 996644 1. ,1P3 1,160 1,663 2,9*1 711 546 1,144 1,742 4,437 U.S. Treasury—general account 4,523 ! 252 7711**44 225555 41 S 361 337 &5S 248 312 380 315 406 Foreign 250 8 11// 7755 1100 20 1? 35 8 7 10 13 33 Other 2/ 560 1 446644 33 1 16 44 5 2 1 2 6 15 Total deposits 29,£24 953 88,,338811 "" 11,,223322 1,619 1,550 ^,062 3,479 9*9 866 1,536 2,076 4,891 Deferred availability cash items 7,350 270 884444 2200?? 470 1,4a1 804 685 304 441 746 435 667 Other liabilities and accured dividends 992 45 222277 4499 7766 7711 5511 142 38 23 37 44 189 TOTAL LIABILITIES 125,863 5,735 '' 3311,,994499 ""66,,223300'' 99,,880000 "" 1100,,998866 55,,337722** 18,782 5,010 3,195 5,525 6,384 15,895 CAPITAL ACCOUNTS Capital paid in 1,008 32 256 44 86 55 77 153 33 30 43 57 142 Surplus 983 35 43 ?4 54 /5 148 33 29 41 55 135 Other capital accounts 191 L -s 41 11 14 13 10 31 7 5 9 11 34 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 123,045 5,807 3t,497 6,328 9 ? 984 11,108 6,534 19,114 5,083 3,259 5,618 6,507 16,206 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 93,002 4,709 23,167 5,155 7,850 \250 4,472 14,957 3,915 1,949 3,472 4,169 10,937 Collateral for F.R. notes: Gold certificate account 11,591 541 3,368 632 933 982 559 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 81,785 4,120 19,650 4,600 7,010 7,220 4,000 13,400 3,450 1,810 3,100 3,725 9,700 Total collateral j 94,128 4,721 23,318 5,232 7,943 8,311 4,621 15,136 3,968 2,059 3,535 4,227 11,057 1/ After deducting $l/5"millionparticipations of other"Federal Reserve Banks. "~"~"" 2/ Includes $9 million of certain deposits of foreign-owned banking institutions voluntarily held with member banks and redeposited in full with Federal Reserve Banks. * Estimated (Cleveland District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis