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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release December 8, 1977 Averages of daily figures Week ended Change from week ended Wednesday Dec. 7, Nov. 30, Dec. 8, ! Dec. 7, 1977 1977 1976 1977 1/ (In millions of dollars) | 2/3/ 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 capital Member bank reserves: With Federal Reserve Banks Currency and coin Total reserves held 5/ Required reserves Excess reserves 5/ NOTE: 1/ 97,074 902 +1,692 + 459 - 7,329 35 6 — 97,785 + + 496 35 7,329 __ 171 + 110 + 195 171 583 70 - 490 4 + + 557 56 — 4,897 2,103 113,094 11,622 1,200 11,344 137,261 * * + 7,531 902 + 101,730 450 4,156 316 661 3,552 110,865 26,395 9,256 35,712 35,681 31 — - 12 - 134 +1,619 + 27 629 50 -' 1 294 588 58 __ ... + 1,367 + 17 +1,664 + 4-10,088 5,134 2,213 114,023 11,658 1,200 11,346 138,227 + 238 + 8,711 102,416 1,297 + 9,567 + 24 — — — 496 27 448 450 +2,044 + 3 - 52 - 169 +2,064 321 244 690 + 483 + 9,352 3,324 ! 111,400 + + - + 735 + 762 + 1,399 + 1,493 94 26,826 9,256 36,143 35,681 402 163 240 186 426 f f 58 4,276 ! 1 462 A net of $257 million of surplus reserves were eligible to be carried forward from the week ended November 30, into the week ending December 7. On December 7, 1977, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $75,006 million, an increase of $798 million for the week. Net of $1,635 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $1,291 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $69 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 4/ Includes $20 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 $61 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. * Estimated (Treasury1s Figures). CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Change since Wednesday Nov. 30, Dec. 8, Dec. 7, 1977 1976 1977 jjj£ S E T S Gold certificate'account 1,658 63 + 60 + Speciar Drawing Rights certif. acct. 1,200 — — Coin 291 2 65 + Loans 588 + 564 - 337 Acceptances,--Bought outright - 189 — — Held under repurchase agreements 294 46 + 294 + Federal Agency obligat|pns— Bought outright 7,329 + 496 — Held under repurchase agreements 50 81 + 50 U.S. Government; securities: Bought outright^-Bills 9,428 + 3 ,347 +1,484 Certificates Notes 49,616 +2,527 Bonds 8,741 +2,162 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/ (1,990) (1,990) (1,990) (1,990) C A P I T A L ACCOUNTS. Capital paid in Surplus Other capital accounts 1/ 2/ 1/ 4/ 97,785 629 98,414 106,675 11,400 380 1,834 133,438 +3,347 -1,410 +1,937 +1,565 + 249 3 + 98 +1,974 +6,173 + 629 +6,802 +8,017 +2,683 + 14 -1,123 +9,586 91,812 26,826 4,276 244 690 32,036 6,266 1,150 131,264 + 583 + 454 +1,714 172 29 +1,967 - 225 + 20 +2,345 +8,199 -1,008 +1,265 48 - 280 71 +1,159 + 208 +9,495 1,025 983 166 .. — - 371 + + 51 54 14 Figures in parentheses are the eliminations made in the consolidating process. Excludes $1,291 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. Includes $69 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. MATURITY DISTRIBUTION: OF LOANS AND SECURITIES. December 7. 1977 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) Loans 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 Acceptances 548 40 294 588 294 U.S. Government securities Holdings Weekly changes 4,891 + 941 20,064 +1,861 29,390 - 865 26,888 — 10,222 -6,959 — 98,414 +1,937 Federal Agency obligations Holdings Weekly changes 149 -143 343 + 52 846 + 10 3,726 — 1,492 — 823 — 7,379 - 81 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON December 7, 1977 Total Boston New York Philadelphia Chicago St. Louis Minneapolis Cleve- RichAtlanta mond (In millions of dollars) land I Kansas City San Dallas Francisco. A S S E T S 11,658 1,200 541 60 3,432 300 631 71 934 103 982 109 560 62 1,736 190 469 50 225 24 393 42 456 46 1,299 143 Coin 291 16 20 13 39 28 29 20 28 9 42 13 34 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 588 25 267 22 3 16 24 47 31 25 56 71 1 — -— 294 — — — -- --- -— --- --- -— -— — -- --- Total bought outri^it J./2/ Held und-sr repurchase agreements Total U.S. Government securities Total loans and securities Gold certificate account Special Drawing Rights certif. acct. Cash items in process of collection Bank premises Other assets 3^/ Interdistrict settlement account TOTAL 294 -- 7,329 50 343 1,730 50 391 614 599 362 1,174 311 179 294 366 966 -- -- -- -- -- -- -- -- -- -- -- 39,428 1,842 9,306 2,104 3,300 3,224 1,673 965 1,582 1,971 5,199 -- -- -- -- -- -- -- -- 49,616 8,741 2,319 408 11,710 2,063 2,647 466 4,153 732 97,785 629 98,414 106,675 4,569 5,217 8,185 __ -- 4,569 4,937 23,079 629 23,708 26,049 5,217 5,630 8,185 8.802 7,995 8,610 4,827 5,213 15,665 16,886 4,150 4,492 2 ,394 2 ,598 3,923 4,273 4,889 5,326 12,892 13,859 13,390 380 1,834 j -0- i 450 111 80 - 130 1,687 10 434 + 848 378 56 85 - 400 670 21 120 - 350 1,959 70 153 + 70 1,468 14 205 - 827 1,820 16 215 - 157 710 13 70 - 483 619 30 41 -_ 162 1,091 18 68 - 19 1,044 12 83 - 472 1,494 9 280 +2,082 135,428 6,065 32,780 6,4*4 10,339 11,981 6,724 20,726 5,349 3 ,384 5,908 6,508 19,200 — — 1,946 6,316 -- -- -- 4,056 715 2,449 432 7,949 1,400 2,106 371 1 ,215 214 1,990 351 2,481 437 6,541 1,152 7,995 4,827 15,665 4,150 2 ,394 3,923 4,889 12,892 — -- — -- — \J Excludes $1,291 million of «^.curities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2_l Includes $69 million pocvrities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. _3/ Includes assets denominated in foreign currencies. — — — -- STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON DECEMBER 7, 1977 H.4.1(c) Total Boston New York Philadelphia Cleveland Richmond Atlanta Kansas City San Francisco Chicago St. Louis Minneapolis 3,867 1,947 3,405 3,983 10,568 1,142 363 12 2 1,519 853 1,606 191 15 10 1,822 504 6,841 522 38 17 Dallas (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 91,812 4,634 23,447 4,915 7,955 8,321 3,583 15,187 26,826 4,276 244 690 6,176 685 1/ 39 582 7,482 1,016 900 248 12 4 1,164 237 1,561 217 24 1,528 344 21 47 1,940 981 . 818 165 9 7 1,802 313 1,258 490 15 15 1,778 1,647 3,601 663 41 4 4,309 999 8,256 779 192 10 1 982 325 733 362 616 196 8 1 821 527 1,150 133,254 54 5,995 272 32,217 53 6,369 84 10,154 115 11,861 59 6,563 164 20,393 52 5,280 26 3,321 40 5,817 77 6,386 154 18,898 1,025 983 166 32 35 3 266 251 46 44 43 8 87 84 14 55 54 11 78 75 8 157 148 28 32 33 4 30 29 4 43 41 7 58 55 9 143 135 24 135,428 6,065 32,780 6,464 10,339 11,981 6,724 20,726 5,349 3,384 5,908 6,508 19,200 32,036 758 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding Collateral for F.R. notes: Gold certificate account Special Drawing Rights certif. acct, Acceptances U.S. Government securities Total collateral 1/ 2/ 4,857 24,260 5,294 8,284 8,630 4,527 15,539 4,058 2,015 3,681 4,388 11,398 541 60 3,431 300 632 933 103 982 109 559 62 1,736 468 50 225 24 393 42 456 46 1,298 59 7,500 7,600 4,000 14,000 3,600 1,810 4,300 20,650 4,700 3,975 10,100 3,300 8,536 8,691 4,621 4,901 24,381 5,332 11,457 15,736 4,118 2,059 3,735 4,477 After deducting $205 million participations of other 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.
@FedFRASER