H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and yvrwF Condition Statement of F.R. Banks H.4.1 For immediate release August 18, 1977 Averages of daily figures Member bank reserves, Week ended Changgee :f rom week ended Wednesday Re serve Bank credi t, Aug. 17, Aug 10, Aug. 18, Aug. 17, and related items 1977 1977 1976 1977 Reserve Bank credit: ir (In millions of dollars) T7IT U.S. Government securities— Bought outright—System account 95,201 24 +6,292 95,859 Held under repurchase agreements -1,576 Federal Agency obligations— Bought outright 7,411 + 606 7,411 Held under repurchase agreements - 46 Acceptances- Bought outright - 288 Held under repurchase agreements - 173 Loans- Total member bank borrowing 900 316 + 815 1,011 Includes seasonal borrowing of: 99 25 + 72 99 Other borrowing Float 3,772 - 74 +1, 018 4,021 Other F.R. assets 2,896 - 335 - 691 2,318 Total Reserve Bank credit 110,187 - 75 +5, 956 110,627 Gold Stock 11,595 - 3 11,595 Special Drawing Rights certif. acct. 1,200 + 500 1,200 Treasury currency outstanding 11,191 15 + 496 11,194 134,173 60 +6,950 134,616 Currency in circulation 98,074 + 168 +8,177 98,158 Treasury cash holdings 434 + 6 2 450 Treasury deposits with F.R. Banks 4,967 -1,091 -1,100 6,516 Foreign deposits with F.R. Banks 284 + 14 - 68 281 Other deposits with F.R. Banks 4/ 607 + 56 - 302 543 Other F.R. liabilities and capital 3,271 + 75 + 18 3,290 107,638 770 +6,724 109,238 Member bank reserves: With Federal Reserve Banks 26,536 710 225 25,378 Currency and coin 8,795 197 849 8,795 Total reserves held 5/ ,422 + 512 +1,014 34,264 Required reserves ,208 + 404 +1,137 35,208 Excess reserves 5/ 214 + 108 - 123 - 944 NOTE: A net of $93 million of surplus reserves were eligible to be carried forward from the week ended August 10, into the week ending August 17. On August 17, 1977, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $60,298 million, a decrease of $5 million for the week. 1/ Net of $2,949 million, daily average, matched sale-purchase transactions •outstanding during the_ statement week. 2/ Excludes $2,477 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $190 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 4/ Includes $11 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 $91 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 since August 17, Aug. 10, August 18, A S S E TS 1977 1977 1976 Gold certificate account 11,595 — - 3 Special Drawing Rights certif. acct. * 1,200 -- + 500 Coin 296 - 3 - 64 Loans 1,011 + 95 + 725 Acceptances--Bought outright 7 - 2 - 278 Held under repurchase agreements — -- - 399 Federal Agency obligations—Bought outright 7,411 -- + 606 Held under repurchase agreements — — - 111 U.S. Government securities: Bought outright—Bills 38,523 +3,796 + 954 Certificates Notes 48,963 125 +3,464 Bonds 8,373 + 125 +2,026 Total bought outright 1/2/ 95,859 +3 ,796 +6,444 Held under repurchase agreements "5,388 Total U.S. Government securities 95,859 +3 ,796 +1.056 Total loans and securities 104,288 +3 ,889 +1,599 Cash items in process of collection (2,116) 10,472 +1 ,138 +1,152 Bank premises 375 + 25 Other assets 3/ 1,943 986 - 812 TOTAL ASSETS (2,116) 130,169 +4 ,038 +2,397 L I A B I L I T I ES Federal Reserve notes 87,710 - 187 +7,668 Deposits: Member bank-reserves account 25,378 +1,087 -3,107 U.S. Treasury—general account 6,516 +1,993 -2,807 Foreign 281 + 31 + 59 Other *_/ 543 - 17 - 272 Total deposits 32,718 +3,094 -6,127 Deferred availability cash items (2,116) 6,451 +1,015 + 956 Other liabilities and accrued dividends 994 + 2 - 180 TOTAL LIABILITIES (2,116) 127,873 +3,924 +2,317 C A P I T AL A C C O U N TS Capital paid in 1,012 + 4 + 48 Surplus 983 — + 54 Other capital accounts 301 + 110 - 22 Figures in parentheses are the eliminations made in the consolidating process. 1/ Excludes $2,477 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 1/ Includes $190 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 2/ Includes assets denominated in foreign currencies. 4/ Includes $11 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 17, 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 979 4,012 611 186 + 51 16 days to 90 days 32 16,958 +5,600 267 - 50 91 days to 1 year 30,047 +1,143 979 + 3 Over 1 year to 5 years 27,800 -1,679 3,644 - 4 Over 5 years to 10 years 10,451 - 782 1,512 Over 10 years — 6,591 + 125 823 Total 1,011 95,859 +3,796 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 17, 1977 New Phila Cleve- Rich St. Minne- Kansas San Total Boston York delphia land 1 mond! Atlanta Chicago Louis anolis Citv Pallas Francisco. (In millions of dollars) A S S E TS 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 ! 296 11 17 14 42 32 28 22 20 14 42 15 39 Loans 1,011 68 49 104 6 137 64 67 82 25 50 102 257 Acceptances: Bought outright 7 — 7 — — — — — — — -- -- -- 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 outright— Bills 38,523 1,800 9,092 2,055 3,225 3,070 1,902 6,171 1,635 943 1,546 1,926 5,158 Certificates — — — — — — — -- — -- -- Notes 48,963 2,288 11,557 2,612 4,098 3,902 2,417 7,844 2,078 1,199 1,964 2,448 6,556 Bonds 8,373 391 1,976 447 701 668 413 1,341 355 205 336 419 1,121 Total bought outright 1.11.1 95,859 4,479 22,625 5,114 8,024 7,640 4,732 15,356 4,068 2,347 3,846 4,793 12,835 HHeelldd uunnddeerr rreeppuurrcchhaassee aaggrreeeemmeennttss -- -- -- -- — .-- -- -- — -- -- — — TToottaall UU..SS.. GGoovveerrnnmmeenntt sseeccuurriittiieess 95,859 4,479 22,625 5,114 8,024 7,640 4,732 15,356 4,068 2,347 3,846 4,793 12,835 Total loans and securities 104,288 4,893 24,430 5,613 8,650 8,368 5,162 16,610 4,465 2,554 4,193 5,266 14,084 Cash items in process of collection 12,588 416 1,946 336 543 2,024 1,323 1,695 508 549 1,014 757 1,477 Bank premises 375 111 10 56 25 63 14 16 12 30 17 12 9 Other assets 1,943 58 946 66 90 96 95 165 48 33 60 54 232 Interdistrict settlement account -0- • 205 +3,012 - 456 - 603 + 41 - 871 - 637 - 337 - 56 - 216 • 231 -H 559 TOTAL 132,285 5,885 34,030 6,331 9,784 11,715 6,373 19,797 5,235 3,373 5,545 6,375 17,842 y Excludes $2,477 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $190 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 AUGUST 17, 1977 New Phila Cleve Rich !' St. Minne- Kansas San Total Boston York delphia land mond Atlanta Chicago Louis apo lis City Dallas Francisco (In millions o f dollars) L I A B I L I T I ES Federal Reserve notes 1 87,710 4,438 22,534 4,718 7,650 7,847 3,353 14,519 3,679 1 ,859 3,179 3,810 10,124 Deposits: Member bank reserves 25,378 753 6,638 832 1,175 1,195 1,641 3,276 789 634 1,091 1,665 5,689 U.S. Treasury—general account 6,516 219 2,440 390 306 692 213 583 285 287 296 197 608 Foreign 281 81/ 106 10 20 13 18 35 8 7 10 13 33 Other 2/ 543 1 446 1 1 17 45 5 1 1 2 7 16 Total deposits 32,718 981 9,630 1,233 1,502 1,917 1,917 3,899 1,083 929 1,399 1,882 6,346 Deferred availability cash items 8,567 343 1,056 223 359 1,742 883 879 358 493 832 501 898 Other liabilities and accured dividends 994 46 234 53 78 78 53 150 38 25 38 54 147 TOTAL LIABILITIES 129,989 5,808 33,454 6,227 9,589 11,584 6,206 19,447 5,158 3 ,306 5,448 6,247 17,515 CAPITAL ACCOUNTS Capital paid in 1,012 32 257 44 86 55 77 154 33 30 43 58 143 Surplus 983 35 251 43 84 54 75 148 33 29 41 55 135 Other capital accounts 301 10 68 17 25 22 15 48 11 8 13 15 49 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 132,285 5,885 34,030 6,331 9,784 11,715 6,373 19,797 5,235 3 ,373 5,545 6,375 17,842 _.J FEDERAL RESERVE AGENTS* ACCOUNTS F.R. notes outstanding 93,082 4,703 23,200 5,164 7,886 8,250 4,461 14,985 3,908 1,953 3,468 4,165 10,939 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 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 $175 million participations of other Federal Reserve Banks. 2/ Includes $11 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