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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release December 22, 1977 Averages of daily figures Week ended Change from week ended Wednesday Dec. 21, Dec. 14, Dec. 21, Dec. 22, 1977 1977 1976 1,977 T7T7 T T (In millions of dollars) Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U.S. Government securities-Bought outright--System account Held under repurchase agreements Federal Agency obligations-Bought outright Held under repurchase agreements Acceptances-Bought outright Held under repurchase agreements Loans-Total member bank borrowing Includes seasonal borrowing of: Other borrowing Float Other F.R. assets Total Reserve Bank credit Gold Stock Special Drawing Rights certif. acct. Treasury currency outstanding Currency in circulation Treasury cash holdings Treasury deposits with F.R. Banks Foreign deposits with F.R. Banks Other deposits with F.R. Banks 4/ Other F.R. liabilities and capiFal Member bank reserves: With Federal Reserve Banks Currency and coin Total reserves held 5/ Required reserves ~ Excess reserves 5/ NOTE: 1/ 2/ 3/ 4/ 57 * ** 99,504 1,028 7,305 146 +2,088 +1,028 +7,693 -1,656 99,588 2,389 14 146 511 57 7,305 246 270 196 26 469 491 42 1,038 54 +2,048 - 911 +8,061 + 120 + 270 528 53 5,612 2,247 116,639 11,718 1,200 11,359 140,916 ** ** 102,941 450 5,303 280 620 + 19 3 + 381 + 110 +4,027 + 11 +4,038 + 485 +8,666 7,044 2,328 120,407 11,718 1,200 11,360 144,685 + +8,958 + 5 -1,175 25 - 296 + 408 +7,874 103,588 450 8,201 285 531 3,653 116,708 --- 432 -+2,093 + 10 _.- 3,671 113,264 + 263 +2,798 27,653 8,925 36,637 36,429 +1,241 - 897 + 345 + 447 - 102 794 27,978 789 8,925 +1,483 36,962 +1,346 I 36,429 208 + 137 533 A net of $135 million of surplus reserves were eligible to be carried forward from the week ended December 14, into the week ending December 21. On December 21, 1977, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $76,339 million, an increase of $487 million for the week. Net of $1,259 million, daily average, matched sale-purchase transactions outstanding during the statement week. Excludes $1,264 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. Includes $88 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes $20 million of certain deposits of foreign-owned banking institutions voluntarily held with member banks and redeposited in full with Federal Reserve Banks. Adjusted to include $59 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. Estimated (Atlanta District). Estimated (Treasury's figures). CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since Dec. 21, Dec. 14, De c. 22, 1977 1976 1977** A S S E T S 11,718 — + 120 Gold certificate account * 1,200 — Special Drawing Rights certif. acct. — 4 290 Coin - 71 - 198 1,038 Loans + 962 Acceptances—Bought outright — — - 195 + 469 469 - 44 Held under repurchase agreements 7,305 — + 511 Federal Agency obligations--Bought outright 246 + 246 + 28 Held under repurchase agreements U.S. Government securities: +2,704 40,231 +4,031 Bought outright—Bills Certificates +3,039 50,509 + 893 Notes 8,848 + 107 +2,158 Bonds H.4.1(a) Total bought outright Held under repurchase agreements Total U.S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets 3/ TOTAL ASSETS L I A B I L I T I E S Federal Reserve notes Deposits: Member bank-reserves account U.S. Treasury—general account Foreign Other 4/ Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 1/2/ (2330) 99,588 2t389 101,977 111,035 14,402 (2330) 1,944 140,973 +5,031 +2,389 +7,420 +7,937 +1,299 + 1 + 143 +9,376 92,967 27,978 8,201 + 585 +2,820 +5,457 384 285 531 (2330) (2330) C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts * 1/ 1/ 2/ 4/ 36,995 7,358 1,226 138,546 1,027 983 417 6 - 173 +8,098 + 548 + 14 +9,245 + 2 — + 129 +7,901 -4,086 +3,815 +5,077 +3,523 + 17 - 807 +8,490 - 994 - 431 2 - 309 -1,736 + 819 + 170 +7,743 + + + 47 54 15 Figures in parentheses are the eliminations made in the consolidating process. Excludes $1,264 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. Includes $88 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes assets denominated in foreign currencies. Includes $20 million of certain deposits of foreign-owned banking institutions voluntarily held with member banks and redeposited in full with Federal Reserve Banks. Estimated (Atlanta District). MATURITY DISTRIBUTION: OF LOANS AND SECURITIES. December 21, 1977 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) Within 15 days 16 days to 90 days 91 days to 1 year Over 1 year to 5 years Over 5 years to 10 years Over 10 years Total Loan 8 Acceptances 1,028 10 469 1,038 469 U.S. Government securities Holdings Weekly changes 6,363 +4,160 19,962 +2,120 30,681 + 238 27,516 + 628 10,388 + 166 7,067 + 108 101,977 +7,420 Federal Agency obligations Holdings Weekly changes 344 +335 423 - 80 740 - 9 3,763 — 1,469 — 812 — 7,551 +246 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON DECEMBER 21, 1977 H.4.1(b) Total Boston New York CleveRichland mond Atlanta* (In millions of dollars) Philadelphia Chicago St. Louis Minneapolis Kansas Citv San Dallas Francisco A S S E T S Gold certificate account Special Drawing Rights certif. acct. Coin 11,718 1,200 541 60 3,492 300 631 71 934 103 982 109 560 62 1,736 190 469 50 225 24 393 42 456 46 1,299 143 290 17 18 14 40 28 28 24 21 10 43 14 33 1,038 86 370 48 2 58 15 189 5 11 57 137 60 -- — — 469 — — — -— — — — — — — — — — — — — — — — — 7,305 246 341 1,724 246 390 612 597 361 1,170 -- -- -- -- 40,231 1,880 9,496 2,146 3,368 3,289 Loans Acceptances: Bought outright Held under repurchase agreements Federal Agency obligations— Bought outright Held under repurchase agreements U.S. Government securities: Bought outright— Bills Certificates Notes Bonds_ 50,509 8,848 2,360 413 11,921 2.088 2,695 Total bought outright 172/ Held under repurchase agreements Total U.S. Government securities Total loans and securities 99,588 2,389 101.977 111,035 4,653 4.653 5,080 23,505 2,389 25.894 28,703 5.313 5,751 8,337 8,951 8.141 8,796 4.917 5,293 16,732 384 1,944 -0- 561 111 83 23 2,376 10 462 + 505 465 56 93 291 926 23 128 195 2,342 70 154 + 357 6,476 35,866 11,300 12,838 Cash items in process of collection Bank premises Other assets 3/ Interdistrict settlement account TOTAL * 1/ 2/ 3/ 469 -- -- 143,303 ~" — + — -~ -- — 1,986 — 310 179 293 365 963 -- — — — -- — 6,445 1,707 — — 1,614 2,012 ~ — 5,304 — 4,129 723 2,494 437 8,091 1.417 2,143 376 1,237 217 2,026 355 2,526 iZ2 4,228 741 w> 6,659 1,167 5,313 8,337 8,141 4,917 15,953 4,226 2,438 3,995 4,980 13,130 — -- — -- — -- — — 15.953 17,312 4,226 4,541 2,438 2,628 3,995 4,345 4,980 5,482 13,130 14,153 1,691 14 127 - 673 2,604 16 243 653 667 13 86 182 664 30 64 196 896 12 87 166 2,266 9 348 + 928 7,102 21,472 7,159 19,179 - 6,790 + .. - 5,665 Estimated (Atlanta District). Excludes $1,264 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. Includes $88 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes assets denominated in foreign currencies. 984 — - 3,449 1,274 20 69 - 179 + 6,007 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON December 21, 1977 H.4.1(c) Total Boston New York Philadelphia Cleveland Richmond Atlanta * Chicago St. Louis Minneapolis Kansas City Dallas San Francisco (In millions o f dollars) L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U.S. Treasury--general account Foreign Other 2 / Total deposits Deferred availability cash items Other liabilities and accured dividends TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 92,967 4,723 23,773 4,972 8,060 8,362 3,564 15,475 3,893 1,976 3,431 4,036 10,702 27,978 8,201 285 531 36,995 9,688 767 480 10 1 1,258 363 6,699 2,799 1/ 80 437 10,015 1,123 1,078 330 12 2 1,422 230 1,809 659 24 1,803 453 21 50 2,327 979 3,593 745 41 5 4,384 1,068 864 354 9 2,492 451 1,538 672 15 9 2,234 1,995 1,227 421 672 189 8 1 870 505 1,221 265 12 2 1,500 930 1,891 449 15 11 2,366 568 6,043 806 38 13 6,900 1,055 1,226 140,876 51 6,395 331 35,242 58 6,682 91 11,094 106 12,697 60 6,930 171 21,098 44 5,585 28 3,379 46 5,907 54 7,024 186 18,843 1,027 983 417 32 35 14 266 251 107 44 43 21 87 84 35 55 54 32 78 75 19 157 148 69 32 33 15 31 29 10 43 41 16 58 55 22 144 135 57 143,303 6,476 35,866 6,790 11,300 12,838 7,102 21,472 5,665 3,449 6,007 7,159 19,179 4,098 2,039 3 ,710 4,473 11,557 468 50 225 24 393 42 456 46 1,298 59 FEDERAL RESERVE AGENTS' ACCOUNTS 24,686 98,190 4,911 F.R. notes outstanding 5,414 8,337 8,745 4,425 15 795 Collateral for F.R. notes: Gold certificate account 632 3,491 1 736 11,714 541 982 559 933 Special Drawing Rights certif. acct. 300 60 62 855 109 103 --Acceptances .-------U.S. Government securities 21,050 4,350 4,800 7,500 14 200 87,485 7,700 4,000 Total collateral 5,432 24,841 8,536 100,054 4,951 8,791 4,621 15 ,936 JL/~ After deducting $2o$ million pai•ticipation s of oth<sr Federal Reserve Banks. 2/ Includes $20 million of certain deposits of foreign-owned banking institutions voluntarily held with member redeposited in full with Federal Reserve Banks. * Estimated (Atlanta District). — 3,650 4,168 banks and — 2,010 2,259 -- -- -- 3 700 4 135 4,025 4,527 10,500 11,857
@FedFRASER