H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and '•^n£*£ Condition Statement of F.R. Banks H.4.1 For immediate release October 13, 1977 Averages <3 f daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Oct. 12, Oct. 5, Oct. 13, Oct. 12, 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 95,883 -3,860 +5,441 97,737 Held under repurchase agreements 434 -2,319 - 681 483 Special Certificates — -1,429 -- — Federal Agency oblications-- Bought outright 7,329 __ + 572 7,329 Held under repurchase agreements 45 - 226 - 16 60 Acceptances- Bought outright 4 - 203 j 4 Held under repurchase agreements 55 - 307 - 24 149 Loans-- Total member bank borrowing 1,051 + 168 +1,004 687 Includes seasonal borrowing of: 112 5 + 80 92 Other borrowing Float 3,827 + 544 +1,231 4,394 Other F.R. assets 2,310 - 436 -1,400 2,219 Total Reserve Bank credit 110,937 -7,866 +5,923 113,062 Gold Stock 11,595 -- 3 11,595 Special Drawing Rights certif. acct. 1,200 .- — 1,200 Treasury currency outstanding 11,267 + 19 + 485 11,270 135,000 -7,846 +6,406 137,127 Currency in circulation ** 99,030 + 908 +8,397 99,584 Treasury cash holdings ** 450 -- 50 450 Treasury deposits with F.R. Banks 5,520 -7,102 -2,291 4,630 Foreign deposits with F.R. Banks 267 - 60 + 30 247 Other deposits with F.R. Banks 4/ 871 4- 141 - 149 710 Other F.R. liabilities and capital 3,309 - 267 + 97 3,304 109,448 -6,378 +6,035 108,925 Member bank reserves: With Federal Reserve Banks 25,551 -1,468 + 371 28,202 Currency and coin 9^203 + 211 + 737 9,203 Total reserves held 5/ 34,901 -1,336 +1,101 37,552 Required reserves ~ 34,650 -1,167 +1,062 34,650 Excess reserves 5/ 251 - 169 + 39 2,902 NOTE: A net of $234 million of surplus reserves were eligible to be carried forward from the week ended October 5, into the week ending October 12. On October 12, 1977, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $65,737 million, an increase of $1,191 million for the week. y Net of $4,623 million, daily average, matched sale-purchase transactions outstanding during the statement week. ll Excludes $2,756 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $123 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. y Includes $13 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 District). •k-k 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 Oct. 12, Oct. 5, Oct. 13, A S S E TS 1977** 1977 1976 Gold certificate account 11,595 -- 3 Special Drawing Rights certif. acct. 1,200 -- -- Coin 299 + 2 - 69 Loans 687 + 219 + 633 Acceptances—Bought outright 4 -- - 196 Held under repurchase agreements 149 + 65 - 168 Federal Agency obligations—Bought outright 7,329 -- + 572 Held under repurchase agreements 60 - 72 - 233 U.S. Government securities: Bought outright--Bills 39,380 -1, 005 + 371 Certificates Notes 49 ,856 +2,959 Bonds 8 ,501 +1,995 Total bought outright 1/2/ 97, 737 -1,005 +5,325 Held under repurchase agreements 483 - 779 -4,385 Total U.S. Government securities 98 L 220 -1,784 + 940 Total loans and securities 106,449 -1,572 +1,548' Cash items in process of collection (2,119) 11,868 + 790 +1,370 Bank premises 379 — + 22 Other assets \J 1,840 - 499 -1,432 TOTAL ASSETS (2,119) 133,630 -1>279 +1,436 Federal Reserve notes 89,063 + 829 +7,966 Deposits: Member bank-reserves account 28,202 -1,191 -2,553 U.S. Treasury—general account 4,630 -1,891 -4,498 Foreign 247 51 - 33 Other _f7 (98) 710 + 149 - 461 (98) 33,789 -2,984 -7,545 Total deposits (2,021) 7,474 + 800 + 996 Deferred availability cash items 1,060 40 74 Other liabilities and accrued dividends (2,119) 131,386 -1,395 +1,343 TOTAL LIABILITIES C A P I T AL A C C O U N T S. Capital paid in 1,016 + 50 Surplus 983 + 55 Other capital accounts 245 116 12 * Figures in parentheses are the eliminations made in the consolidating process. Estimated (Richmond District). 1/ Excludes $2,756 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 1/ Includes $123 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 1/ Includes assets denominated in foreign currencies. 4/ Includes $13 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, October 12, 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 630 152 4,651 -1,019 134 - 73 16 days to 90 days 57 1 18,058 + 394 369 -- 91 days to 1 year -- -- 30,135 -1,159 820 — Over 1 year to 5 years -- -- 28,110 -- 3,732 + 53 Over 5 years to 10 years -- -- 10,547 -- 1,511 - 52 Over 10 years -- — 6,719 -_ 823 -- Total 687 153 98,220 -1,784 7,389 - 72 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 October 12, 1977 New Phila- Cleve- ^Rich St. Minne Kansas San Total Boston York delphia land mond Atlanta Chicago Louis apolis City 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 299 13 20 14 42 30 30 22 21 12 42 14 39 Loans 687 17 15 40 13 162 216 55 46 17 49 55 2 Acceptances: Bought outright 4 — 4 -- -- -- -- — — -- -- -- **~ Held under repurchase agreements 149 -- 149 -- -- -- -- -- -- -- -- -- — — Federal Agency obligations— Bought outright 7,329 343 1,730 391 614 584 362 1,174 311 179 294 366 981 Held under repurchase agreements 60 -- 60 '— -- -- — — -- -- -- - - — — U.S. Government securities: Bought outright-- Bills 39,380 1,840 9,295 2,101 3,296 3,139 1,944 6,308 1,671 964 1,580 1,969 5,273 Certificates — -- -- •p- — -- -- -- — — -- -~ -- Notes 49,856 2,330 11,767 2,660 4,173 3,973 2,461 7,987 2,116 1,221 2,000 2,493 6,675 Bonds 8,501 397 2,006 454 712 677 420 1,362 361 208 341 425 1,138 Total bought outright 1/2/ 97,737 4,567 23,068 5,215 8,181 7,789 4,825 15,657 4,148 2,393 3,921 4,887 13,086 Held under repurchase agreements 483 -- 483 .- _- -- .- -- -- -- -- •*- -~ Total U.S. Government securities 98,220 4,567 23,551 5,215 8,181 7,789 4,825 15,657 4,148 2,393 3,921 4,887 13,086 Total loans and securities 106,449 4,927 25,509 5,646 8,808 8,535 5,403 16,886 4,505 2,589 4,264 5,308 14,069 Cash items in process of collection 13,987 489 2,058 343 739 2,038 1,383 1,930 694 647 1,331 930 1,405 Bank premises 379 111 10 56 24 66 14 16 13 30 18 12 9 Other assets 3/ 1,840 82 420 109 136 145 125 245 88 58 64 82 286 Interdistrict settlement account -0- - 366 + 434 - 301 + 486 - 211 - 898 + 289 - 321 - 133 - 242 - 72 + 1,335 TOTAL 135,749 5,857 32,120 - 6,569 11,272 11,694 6,679 21,314 5,519 3,452 5,912 6,776 18,585 1/ Excludes $2,756 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $123 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. j3/ Includes assets denominated in foreign currencies. * Estimated (Richmond 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 October 12, 1977 New Phila Cleve Rich St. Minne Kansas San Total Boston York delphia land mond Atlanta Chicago l^ouis apolis City Dallas Francisco * (In millions o f dollars) L I A B I L I T I ES Federal Reserve notes 89,063 4,466 22,865 4,728 7,715 8,041 3,408 14,812 3,718 1,872 3,268 3,904 10,266 Deposits: Member bank reserves 28,202 616 6,202 943 2,334 1,173 1,648 4,482 869 657 1,143 1,761 6,374 U.S. Treasury—general account 4,630 252 315 440 471 349 438 505 393 250 318 323 576 Foreign 247 10 1/ 42 12 24 15 21 41 9 8 12 15 38 Other 2/ 808 7 623 19 11 20 58 19 4 4 3 13 27 Total deposits 33,887 885 7,182 1,414 2,840 1,557 2,165 5,047 1,275 919 1,476 2,112 7,015 Deferred availability cash items 9,495 385 1,240 275 445 1,880 883 956 408 568 1,029 585 841 Other liabilities and accured dividends 1,060 48 255 53 82 89 59 158 43 28 45 49 151 TOTAL LIABILITIES 133,505 5,784 31,542 6,470 11,082 11,567 6,515 20,973 5,444 3,387 5,818 6,650 18,273 CAPITAL ACCOUNTS Capital paid in 1,016 32 262 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 245 6 65 12 20 18 12 39 9 6 10 13 35 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 135,749 5,857 32,120 6,569 11,272 11,694 6,679 21,314 5,519 3,452 5,912 6,776 IS,585 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 4,685 23,514 5,115 7,918 8,326 4,460 15,137 3,913 1,950 3,552 4,246 11,124 Collateral for F.R. notes: Gold certificate account 541 3,368 632 933 982 559 1,736 468 225 393 456 1,298 Special Drawing Rights certif. aect. 60 300 103 109 62 50 24 .42 46 59 Acceptances U.S. Government securities 4,170 19,950 4,600 7,010 7.320 4.000 13.600 3.500 1.810 3.200 Total collateral 4,771 23,618 5,232 8,046 8,411 4,621 15,336 4,018 2,059 3,635 4,327 11,257 * Estimated (Richmond District). 1/ After deducting $205 million participations of other Federal Reserve Banks. 2/ includes $13 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