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 November 3, 1977 Averages <a f daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Nov. 2, Oct. 26, | Nov. 3, 1 Nov. 2, and related items 1977 1977 1 1976 ! 1977 Reserve Bank credit: 1/ (In millions of dollars) [2/3/ U.S. Government securities-- Bought outright—System account 95,861 -2,001 +2,926 | 94,337 Held under repurchase agreements 864 + 679 -1,053 1 1,669 Federal Agency obligations— Bought outright 7,329 + 572 7,329 Held under repurchase agreements 65 + 36 - 35 179 Acceptances— Bought outright 1 2 - 196 Held under repurchase agreements 153 + 122 + 7 340 Loans-- Total member bank borrowing 1,113 330 911 703 Includes seasonal borrowing of: 104 12 74 89 Other borrowing Float 5,158 +1 ,726 +2,809 4,585 Other F.R. assets 2,492 + 76 -1,385 2,485 Total Reserve Bank credit 113,036 + 306 +4,556 111,627 Gold Stock 11,595 3 11,595 Special Drawing Rights certif. acct. 1,200 1,200 Treasury currency outstanding 11,289 + 5 + 515 11,291 137,120 311 +5,068 135,713 Currency in circulation * 98,976 + 120 +8,418 99, 518 Treasury cash holdings * 450 + 24 + 2 450 Treasury deposits with F.R. Banks 6,176 + 191 -3,474 5 ,690 Foreign deposits with F.R. Banks 282 - 5 - 37 280 Other deposits with F.R. Banks 4/ 626 - 30 - 431 583 Other F.R. liabilities and capital 3,639 + 16 - 40 3 ,227 110,149 316 +4,438 109, 748 Member bank reserves: With Federal Reserve Banks 26,972 5 629 25 965 Currency and coin 8,982 575 705 8 982 Total reserves held 5/ 36,012 + 569 +1,234 35 005 Required reserves ~~ Excess reserves 5/ 35,724 + 427 +1,407 35 724 288 + 142 - 173 - 719 NOTE: A net of $88 million of surplus reserves were eligible to be carried forward from the week ended October 26, into the week ending November 2 On November 2, 1977, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $69 449 million, an increase of $1,677 million for the week 1/ Net of $3,648 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $4,891 million of securities sold, and scheduled to be bought back 1/ under matched sale-purchase transactions. Includes $139 million securities loaned-fully secured by U.S. Government i/ securities pledged with Federal Reserve Banks. InvilunLr^vmhl^°n-^ ce^ain deposits of foreign-owned banking institutions voluntarily held with member banks and redeposited in full with Federal Reserve Banks. 5/ Adjusted to include $58 million waivers of penalties for reserve deficiencies ia 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 Nov. 2, Oct. 26, Nov. 3, A S S E TS 1977 1977 1976 Gold certificate account 11,595 — 3 Special Drawing Rights certif. acct. 1,200 -- -- Coin 300 - 5 - 65 Loans ,~jL 703 - 479 - 436 AcAeptfyi3ps--Bought outright — - 1 - 197 ^ fllld under repurchase agreements 340 + 119 - 100 federal Agency obligations—Bought outright 7,329 — + 572 Held under repurchase agreements 179 - 21 - 286 U.S. Government securities: Bought outright—Bills 35,980 -3,731 -2,512 Certificates r Notes 49,856 +2,959 x, Bonds 3,501 +1,995 4 Total bought outright 1/2/ 94,337 -3,731 +2,442 Held under repurchase agreements 1,669 + 375 -3.227 Total U.S. Government securities 96,006 -3,356 - 785 Total loans and securities 104,557 -3,738 -1,232 Cash items in process of collection (2,045) 11,310 +1,554 +2,541 381 + 23 Bank premises 2,104 - 64 -1,491 Other assets 3/ (2,045) 131,447 -2,253 - 227 TOTAL ASSETS L I A B I L I T I ES 88,977 + 402 +7,850 Federal Reserve notes 25,965 -2,247 -5,649 Deposits: Member bank-reserves account 5,690 - 685 -2,713 U.S. Treasury—general account 280 - 64 - 16 Foreign 583 - 125 - 384 Other */ 32,518 -3,121 -8,762 Total deposits . (2,045) 6,725 + 876 + 575 Deferred availability cash items 1,154 + 4 + 36 Other liabilities and accrued dividends (2,045) 129,374 -1,839 - 301 TOTAL LIABILITIES C A P I T AL A C C O U N TS 1,021 — _ + 48 Capital paid in 983 — + 54 Surplus 69 - 414 28 Other capital accounts Figures in parentheses are the eliminations made in the consolidating process. 1/ Excludes $4,891 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. y Includes $139 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. Includes $13 million of certain deposits of foreign-owned banking institutions 4/ voluntarily held with member banks and redeposited in full with Federal Reserve Banks. MATURITY DISTRIBUTION: OF LOANS AND SECURITIES. November 2. 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 660 340 6,233 +1,894 179 - 63 16 days to 90 days 43 13,866 -4,817 379 -- 91 days to 1 year 30,486 - 478 883 + 42 Over 1 year to: 5 years 28,155 + 45 3,752 — Over 5 years tD 10 years 10,547 .- 1,492 -- Over 10 years 6,719 -- 882233 -- Total 703 340 96,006 -3,356 77,,550088 - 21 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 November 2, 1977 New Phila Cleve- Rich St. Minne- Kansas San Total Boston York delphia land mond Atlanta Chicago apolis Citv Dallas Franc!8co (In millions of dollars) A SS E T S 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 300 14 21 15 43 30 30 22 20 12 43 13 37 Loans 703 25 28 25 18 53 153 155 48 9 73 116 Acceptances: Bought outright Held under repurchase agreements 340 340 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 179 179 U.S. Government securities: Bought outright-- Bills 35,980 1,681 8,493 1,919 3,012 2,868 1,776 5,764 1,526 881 1,443 1,799 4,818 Certificates 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/ 94,337 4,408 22,266 5,033 7,897 7,518 4,657 15,113 4,003 2,310 3,784 4,717 12,631 Held under repurchase agreements 1,669 1,669 Total U.S. Government securities 96,006 4,408 23,935 5,033 7,897 7,518 4,657 15,113 4,003 2,310 3.784 4,717 12,631 Total loans and securities 104,557 4,776 26,212 5,449 8,529 8,155 5,172 16,442 4,362 2,498 4,151 5,199 13,612 Cash items in process of collection 13,355 351 1,591 391 576 2,244 1,564 1,683 587 554 1,110 807 1,897 Bank premises 381 111 10 56 24 68 14 16 13 30 18 12 9 Other assets 1/ 2,104 90 464 106 147 185 156 280 114 49 •'A9 100 314 Interdistrict settlement account -0- - 155 +1,414 363 + 331 - 49 -1,122 + 53 - 224 4- 150 + '"'78 166 + 53 TOTAL 133,492 5,788 33,381 6,356 10,687 11,724 6,436 20,422 5,391 3,542 5,934 6,467 17,364 1/ Excludes $4,891 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $139 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 NOVEMBE R2, 1977 New Phila Cleve Rich St. Minne Kansas San 1 Total 1 Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas Francisco (In millions o f dollars) L I A B I L I T I ES Federal Reserve notes 88,977 4,453 22,865 4,736 7,709 8,049 3,400 14,756 3,724 1,880 3,282 3,903 10,220 Deposits; Member bank reserves 25,965 563 7,253 818 1,491 1,219 1,518 3,606 733 691 1,307 1,604 5,162 U.S. Treasury--general account 5,690 349 917 413 850 337 306 662 436 382 373 237 428 Foreign 280 10 1/ 75 12 24 15 21 41 9 8 12 15 38 Other 2J 583 469 9 4 18 49 4 1 2 2 12 13 Total deposits 32,518 922 8,714 1,252 2,369 1,589 1,894 4,313 1,179 1,083 1,694 1,868 5,641 Deferred availability cash items 8,770 298 987 225 351 1,868 931 875 378 493 831 528 1,005 Other liabilities and accured dividends 1,154 49 279 54 84 105 55 160 42 25 40 51 210 TOTAL LIABILITIES 131,419 5,722 32,845 6,267 10,513 11,611 6,280 20,104 5,323 3,481 5,847 6,350 17,076 CAPITAL ACCOUNTS Capital paid in J 1,021 32 264 44 87 55 77 156 33 30 43 58 142 Surplus ! 983 35 251 43 84 54 75 148 33 29 41 55 135 Other capital accounts 69 -1 21 2 3 4 4 14 2 2 3 4 11 TOTAL LIABILITIES AND 1 CAPITAL ACCOUNTS j 133,492 5,788 33,381 6,356 10,687 11,724 6,436 20,422 5,391 3,542 5,934 6,467 17,364 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 4,694 23,652 5,109 7,985 8,415 4,514 15,116 3,906 1,949 3,582 4,312 11,141 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. acct. 60 300 103 109 62 50 24 42 46 59 Acceptances •U.Si Government securities 4,170 20,150 4.600 7.010 7,370 4,000 13.600 3,500 1,810 3,200 3,875 9,900 Total collateral 4,771 23,818 5,232 8,046 8,461 4,621 15,336 4,018 2,059 3,635 4,377 11,257 * Less than $500,000. ~~~ " —~~ ~ 1/ After deducting $205 million participations of other Federal Reserve Banks. 27 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