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 25, 1977 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Aug. 24, * Aug. 17, Aug. 25, Aug. 24, and related items 1977 1977 1976 1977 Reserve Bank credit: 1/ (In millions of dollars) 2/3/ U.S. Government securities- Bought outright--System account 96,162 + 961 +5,967 94,831 Held under repurchase agreements -4,172 Federal Agency obligations- Bought outright 7,411 + 610 7,411 Held under repurchase agreements - 144 Acceptances-- Bought outright - 273 Held under repurchase agreements - 425 Loans-- Total member bank borrowing 1,665 + 765 +1,597 2,323 Includes seasonal borrowing of: 116 + 17 + 87 116 Other borrowing Float 3,564 219 +1,290 3,120 Other F.R. assets 2,384 512 -1,004 2,371 Total Reserve Bank credit 111,191 993 +3,446 110,062 Gold Stock 11,595 3 11,595 Special Drawing Rights certif. acct. 1,200 + 500 1,200 Treasury currency outstanding 11,196 + + 498 11,198 135,182 + 998 +4,442 134,055 Currency in circulation 97,715 - 365 +8,231 97,745 Treasury cash holdings ** 437 + 9 + 5 450 Treasury deposits with F.R. Banks 6,271 +1,304 -3,864 6,562 Foreign deposits with F.R. Banks 325 + 41 + 85 351 Other deposits with F.R. Banks 4/ 600 7 - 343 536 Other F.R. liabilities and capital 3,370 + 99 - 24 3,447 108,718 +1,080 +4,090 109,091 Member bank reserves: With Federal Reserve Banks 26,464 83 353 24,964 Currency and coin 8,222 573 666 8,222 Total reserves held 5/ 34,779 - 654 + 961 33,279 Required reserves 34,789 - 419 +1,089 34,789 Excess reserves 5/ 10 - 235 - 128 -1,510 NOTE: A net of $117 million of surplus reserves were eligible to be carried forward from the week ended August 17, into the week ending August 24. On August 24, 1977, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $60,356 million, an increase of $58 million for the week. V Net of $2,174 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $3,504 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $148 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. 57 Adjusted to include $93 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. * Estimated (San Francisco 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 Aug. 24, Aug. 17, Aug. 257 A S S E TS 1977** 1977 1976 Gold certificate account 11,595 -- 3 Special Drawing Rights certif. acct 1,200 -_ + 500 a Coin "* ?% 293 3 71 Loans at -i 2,323 +1,312 4-2,250 Acc'ep trances --Bought outright 6 1 - 268 Held under repurchase agreements ..- __ - 275 Federal Agency obligations--Bought outright 7,411 __ + 633 Held under repurchase agreements -. -. - 107 U.S. Government securities: Bought outright--Bills 37,495 -1,028 -1,008 Certificates Notes 48,963 -- +3,048 Bonds 88,,337733 — +1,962 Total bought outright 1/2/ 9944,,883311 -1,028 +4,002 Held under repurchase agreements -- -- -3,073 Total U.S. Government securities 94,831 -1,028 + 929 Total loans and securities 104,571 + 283 +3,162 Cash items in process of collection (1,900) 8,889 -1,583 + 700 Bank premises 375 -- + 25 Other assets 3/ 1,996 + 53 -1,695 TOTAL ASSETS (1,900) 128,919 -1,250 +2,618 L I A B I L I T I ES Federal Reserve notes 87,290 - 420 +7,692 Deposits: Member bank-reserves account 24,964 - 414 -1,079 U.S. Treasury-general account 6,562 + 46 -3,605 Foreign 351 + 70 + 132 Other *y 536 7 -1,337 Total deposits 32,413 - 305 -5,889 Deferred availability cash items (1,900) 5,769 - 682 + 880 Other liabilities and accrued dividends 1,031 + 37 - 146 TOTAL LIABILITIES (1,900) 126,503 -1,370 +2,537 C A P I T AL ACCOUNTS. Capital paid in 1,011 1 + 47 Surplus 983 -- + 54 Other capital accounts 422 + 121 20 Figures in parentheses are the eliminations made in the consolidating process. Estimated (San Francisco District). 1/ Excludes $3,504 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $148 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ 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 24, 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 change s Within 15 days ,286 2 1,732 -2,280 186 16 days to 90 days 37 4 17,729 + 771 267 91 days to 1 year -- -- 30,528 + 481 979 Over 1 year to 5 years -- -- 27,800 -_ 3,644 Over 5 years to 10 years -- _- 10,451 -- 1,512 Over 10 years -- -- 6,591 -- 823 Total 2,323 94,831 -1,028 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 24, 1977 New Phila Cleve Rich St. Minne Kansas San * Total Boston York delphia land mond Atlanta Chicago Louis apolis Citv Dallas Franc iscoi (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 293 11 17 13 42 31 28 20 21 15 42 14 39 Loans 2,323 120 1,101 30 22 301 95 70 146 25 82 144 187 Acceptances: Bought outright 6 6 Held under repurchase agreements Federal Agency obligations— Bought outrigjit 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 37,495 1,752 8,850 2,000 3,139 2,988 1,852 6,006 1,591 918 1,504 1,875 5,020 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 111) 94,831 4,431 22,383 5,059 7,938 7,558 4,682 15,191 4,024 2,322 3,804 4,742 12,697 HHeelldd uunnddeerr rreeppuurrcchhaassee aaggrreeeemmeennttss -- -- -- -- -- -- -- -- -- -- -- -- -- 94,831 4,431 22,383 5,059 7,938 7,558 4,682 15,191 4,024 2,322 3,804 4,742 12,697 Total loans and securities 104,571 4,897 25,239 5,484 8,580 8,450 5,143 16,448 4,485 2,529 4,183 5,257 13,876 Cash items in process of collection 10,789 334 1,678 253 505 1,703 1,131 1,212 397 505 894 640 1,537 Bank premises 375 111 10 56 24 63 14 16 12 30 18 12 9 1,996 63 959 70 96 98 112 181 54 33 54 59 217 IInntteerrddiissttrriicctt sseettttlleemmeenntt aaccccoouunntt -0- - 309 +3,250 - 162 - 298 - 289 - 689 - 553 - 239 - 92 - 54 + 124 - 689 130,819 5,708 34,822 6,416 9,986 11,147 6,361 19,250 5,249 3,269 5,572 6,608 16,431 TTOOTTAALL 1/ Excludes $3,504 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ includes $148 million securities loaned-fuUy secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. * Estimated (San Francisco District). 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 24, 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 87,290 4,397 22,576 4,700 7,619 7,779 3,251 14,516 3,649 1,845 3,155 3,777 10,026 Deposits: Member bank reserves 24,964 583 7,173 867 1,419 1,335 1,771 2,985 914 651 1*220 1,792 4,254 U.S. Treasury--general account 6,562 308 2,507 502 309 311 264 445 238 223 296 388 771 Foreign 351 8 1/ 176 10 20 13 18 35 8 7 10 13 33 Other 2/ 536 1 444 1 1 12 44 4 2 1 2 7 17 Total deposits 32,413 900 10,300 1,380 1,749 1,671 2,097 3,469 1,162 882 1,528 2,200 5,075 Deferred availability cash items 7,669 281 1,097 173 331 1,481 776 740 316 447 747 448 832 Other liabilities and accured dividends 1,031 47 245 52 81 75 65 156 40 26 40 48 156 TOTAL LIABILITIES 128,403 5,625 34,218 6,305 9,780 11,006 6,189 18,881 5,167 3,200 5,470 6,473 16,089 CAPITAL ACCOUNTS Capital paid in 1,011 32 257 44 86 55 77 154 33 30 43 58 142 Surplus 983 35 251 43 84 54 75 148 33 29 41 55 135 Other capital accounts 422 16 96 24 36 32 20 67 16 10 18 22 65 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 130,819 5,708 34,822 6,416 9,986 LI,147 6,361 19,250 5,249 3,269 5,572 6,608 16,431 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 93,197 4,690 23,273 5,188 7,906 8,253 4,404 15,063 3,923 1,950 3,452 4,140 10,955 Collateral for F.R. notes: Gold certificate account 11,590 541 3,368 631 933 982 559 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 81,885 4,120 19,750 4,600 7,010 7,220 4,000 13,400 3,450 1,810 3,100 3,725 9,700 Total collateral 94,227 4,721 23,418 5,231 7,943 8,311 4,621 15,136 3,968 2,059 3,535 4,227 11,057 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. * Estimated (San Francisco District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis