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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release January 6, 1977 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 V Other F.R. liabilities and capital Member bank reserves: With Federal Reserve Banks Currency and coin Total reserves held 4/ Required reserves Excess reserves 4/ NOTE: Averages of daily figures Week ended Change from week ended Wednesday Jan. 5, * Dec. 29, Jan. 7, Jan. 5, * 1976 1977 197A 1977 / (In millions of dollars) 1 11 92,774 4,099 + 983 -1,388 -- + 6,384 + 2,546 93,134 2,375 + 7 + + 722 153 6,794 289 197 731 + + 2 116 + 544 426 196 562 32 8 - 50 . - 35 2 30 8 + 29 4,205 2,971 | 110,502 11,598 1,200 10s884 134,184 6,794 3,479 3,357 111,752 11,598 1,200 10,884 135,434 93,954 3 - 861 + 166 -1,026 .-- 1 700 + 765 +11,001 - + 7,943 3 + 3,080 + 27 + 3 93,822 + 99 +11,150 3,053 103,709 328 -« 9,019 - 762 80 + 306 - 334 -1,197 305 + + 3 -1,023 475 1,188 _3^158 108,100 144 +"9,537 235 27,333 8,633 36,107 35,478 + + + 629 + 174 9 166 16 182 . + + + 475 5,400 269 690 150 696 556 251 305 J 30,474 8,633 39,248 35,478 3,770 A net of $143 million of surplus reserves were eligible to be carried forward from the week ended December 29, 1976, into the week ending January 5, 1977. On January 5, 1977, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $51,212 million, an increase of $867 million for the week. 1/ Net of $433 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Includes $81 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes $21 million of certain deposits of foreign-owned banking institutions voluntarily held with member banks and redeposited in full will Federal Reserve Banks. 4/ Adjusted to include $141 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975, * ** Estimated (Cleveland District). Estimated (Treasury *s Figures). CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday . Change since January 5, Dec. 29, Jan. 7, 1977 ** 1976 A S S E T S 1976 -11,598 1 Gold certificate account 1,200 — + 700 Special Drawing Rights certif. acct. * 351 6 24 Coin 30 11 Loans - 345 — 196 546 Acceptances--Bought outright 562 - 259 + 350 Held under repurchase agreements — 6,794 + 722 Federal Agency obligations--Bought outright 235 - 174 + 58 Held under repurchase agreements U.S. Government securities: Bought outright—Bills 38,437 +1,092 + 3,209 Certificates 47,972 Notes + 502 + 3,983 6,725 Bonds + 1,204 + 35 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 2_/ TOTAL ASSETS (1,795) 93,134 2,375 95,509 103,326 10,977 292 71 29 (1,795) 2,679 130,423 - 200 -4,172 443 +12,193 83,765 30,474 5,400 - 729 + 443 -4,284 + 12 - 242 -4,071 +1,142 - 149 -3,807 + 7,328 + 1,008 + 3,154 + 25 1/ +1,629 -7,079 -5,450 -6,228 +2,333 + 8,396 + 1,490 + 9,886 +10,459 + 1,531 LIABILITIES! Federal Reserve notes Deposits: Member bank-reserves account U.S. Treasury—general account Foreign Other 3/ Total deposits Deferred availability cash items (1,795) Other liabilities and accrued dividends TOTAL LIABILITIES (1,795) C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts * 1/ y 3/ 269 690 36,833 6,772 1,003 128,373 983 983 84 1 + - 54 418 219 + 3,968 + 912 95 +12,113 + + 54 55 29 Figures in parentheses are the eliminations made in the consolidating process. Estimated (Cleveland District). Includes $81 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes assets denominated in foreign currencies, and Operating equipment formerly shown as separate item. Includes $21 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, JANUARY 5, 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 24 6 — — — — 30 Acceptances 586 107 65 — — — 758 U.S. Government securities Weekly Holdings changes 7,081 -6,273 18,607 +1,407 25,117 -1,099 30,710 + 432 9,045 + 48 4^949 + 35 95,509 -5,450 Federal Agency obligations Holdings Weekly changes 247 -203 325 + 29 1,031 + 54 3,307 - 48 1,382 - 6 737 7,029 — -174 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JANUARY 5, 1977 H.4.1(b) Total Boston New York Philadelphia CleveRichAtlanta mond * land (In millions of dollars) Chicago St. Louis Minneapolis Kansas City San Dallas Francisco A S S E T S Gold certificate account Special Drawing Rights certif. acct. Coin U 11,598 1,200 542 60 3,350 300 641 71 939 103 992 109 599 62 1,704 190 466 50 222 24 397 42 421 46 1,325 143 351 17 28 10 46 41 37 34 26 14 43 21 34 30 — 2 3 2 « 2 12 — — 7 1 1 196 562 — -- 196 562 .. -- --- --- — -- — -- — -- -— — -- — -- -— 6,794 235 314 1,598 235 377 560 545 364 1,088 277 155 269 323 924 -- — — -- -- — -- 38,437 1,776 9,041 2,133 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 47,972 6,725 2,217 311 11,283 1,582 2,661 373 Total bought outright 2/ Held under repurchase agreements Total U.S. Government securities Total loans and securities 93,134 2,375 95.509 103,326 4,304 4,304 4,618 21,906 2,375 24,281 26,874 Cash items in process of collection Bank premises Other assets 3/ Interdistrict rjttlement account 12,772 292 2,679 -0- 398 106 78 4- 196 132.218 6,015 TOTAL * 1/ -- — — — -- -- 3,085 2,059 6,155 1,567 -- -- -_ -- 3,955 555 3,850 540 2,570 360 7,682 1,077 1,956 274 1 ,097 154 5,167 7,679 7,475 4,989 14,914 3,797 2 ,130 -- -- 5,167 5,547 7,679 8,241 7,475 8,020 4,989 5,355 14,914 16,014 3,797 4,074 2 ,130 2 ,285 3,686 3,962 4,424 4,748 12,663 13,588 2,099 17 1,263 + 157 235 56 136 - 255 + 969 24 136 785 1,890 48 136 - 126 1,371 57 104 -1,115 1,308 16 252 - 456 568 13 74 7 636 31 42 + 47 996 17 67 - 126 858 12 80 + 257 1,444 9 311 + 643 34,088 6,441 11,243 11,110 6,356 19,062 5,264 3 ,301 5,398 6,443 17,497 -- 3,169 — — — — -- — — 879 — — 1,521 — 5,226 -- -- 1,899 266 2,279 319 6,523 914 3,686 4,424 12,663 -- Estimated (Cleveland District). Effective Jan. 1, 1977, the following two changes were made in the reporting of assets of Federal Reserve Banks. (1) Federal Reserve notes of other Federal Reserve Banks were merged into the liability account for Federal Reserve notes, and (2) operating equipment, heretofore shown as a separate item, was transferred to other assets. 2,/ Includes $81 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. 1,826 — — 11.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON Total Boston New York Philadelphia Cleveland Richmond Atlanta JANUARY 5, 1977 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 83,765 4,148 21,396 4,721 7,345 7,470 3,598 13,878 3,535 1,713 2,932 3,452 9,577 30,474 5,400 269 690 36,833 8,567 898 503 9 1 1,411 338 9,599 657 1/ 93 585 10,934 980 959 416 11 2 1,388 191 2,169 588 21 1 2,779 871 1,304 482 13 9 1,808 1,649 1,511 282 18 3,553 357 36 818 434 8 50 5 I 1,861 691 3,951 781 1,261 365 684 304 7 1 996 511 1,092 385 10 2 1,489 858 1,843 395 13 18 2,269 567 6,044 597 30 15 6,686 765 lr003 130,168 44 5,941 255 33,565 51 6,351 73 11,068 68 10,995 52 6,202 143 18,753 34 5,195 22 3,242 34 5,313 41 6,329 186 17,214 983 983 84 35 35 4 250 251 22 43 43 4 84 84 7 54 54 7 75 75 4 148 148 13 33 33 3 29 29 1 41 41 3 55 55 4 136 135 12 132,218 6,015 34,088 6,441 11,243 11,110 6,356 19,062 5,264 3,301 5,398 6,443 17,497 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/ 89,185 4,389 22,399 5,032 7,650 7,926 4,389 14,259 3,761 1,808 3,171 3,855 10,546 11,596 643 542 60 3,350 300 641 939 992 599 62 1,704 466 50 222 24 396 42 420 46 1,325 59 78,100 90,339 3,830 18,850 4,500 6,810 7,025 3,350 1,610 2,800 22,500 5,141 7,749 8,017 4,000 4,661 12,600 4,432 14,304 3,866 1,856 3,238 3,425 3,891 10,684 Estimated (Cleveland District). After deducting $176 million participations of other Federal Reserve Banks. Includes $21 million of certain deposits of foreign-owned banking institutions voluntarily held with member banks and redeposited in full with Federal Reserve Banks. 9,300
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