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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release July 15, 1977 Averages of daily figures Week ended Change from week ended[Wednesday July 13, * July 13, * July 6, July 14, 1977 1976 1977 1977 17 (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 AcceptancesBought outright Held under repurchase agreements LoansTotal 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/ WW ** ** 97,435 - 422 -4,270 + 8,436 ,423 — — - 511 + 37 — 5 - 486 159 52 - 106 6 + 5,109 3,175 113,339 11,616 1,200 11,140 137,295 96,699 618 7,423 313 32 17 29 381 51 +1,515 + 105 -4,180 4 — + 17 -4,166 + 1,661 - 1.285 -1- 9,100 + 18 + 500 + 499 +10 ,117 4,106 3,167 111,808 11,605 1,200 11,142 135,755 97,912 448 9,022 271 621 3,261 111,535 + 842 + 6 -3,538 - 97 - 103 - 199 -3,089 + 7 ,941 28 + 1 ,901 + 16 - 151 + 49 + 9,727 97,751 450 8,527 251 615 3,284 110,878 25,760 8,971 34,853 34,379 474 -1,079 + 290 - 787 - 713 74 + + + + + 390 571 934 489 445 24,876 8,971 33,969 34,379 - 410 NOTE: A net of $143 million of surplus reserves were eligible to be carried forward from the week ended July 6, into the week ending July 13. On July 13, 1977, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $57,781 million, a decrease of $376 million for the week. 1/ Net of $1,050 million, daily average, matched sale-purchase transactions outstanding during the statement week. If Excludes $1,772 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $107 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 4/ Includes $10 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 $122 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19 1975 * Estimated (New York District). ' ** Estimated (Treasury's figures). H.4.1(a> CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday i Change since July 20, (July 13, July 21, **1977 1 1977 1976 A S S E T S 1,605 + 7 Gold certificate account -1,200 Special Drawing Rights certif. acct. * — + 500 352 Coin 5 + 49 + 222 Loans 97 - 161 + 25 ^Acceptances*-Bought outright 7 315 186 Held under repurchase agreements + 186 + 186 7,423 Federal Agency obligations—Bought outright — + 618 473 Held under repurchase agreements + 473 + 473 U.S. Government securities: Bought outright—Bills 38,555 - 808 + 920 Certificates 49,088 + 3,339 Notes — 8,248 Bonds + 2,151 — 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 \j 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 £/ Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 1/2/ (2,181) (2,181) (2,181) (2,181) C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts 95,891 2,527 98,418 106,747 10,896 372 3,868 135,040 + 169 +3,091 + 6,410 + 2,527 + 8,937 + 9,996 + 1,681 + 25 196 +12,018 87,191 28,833 7,220 247 1,867 38,167 6,299 1,035 132,692 - 170 +3,076 -1,307 4 +1,190 +2,955 + 211 24 +2,972 + 7,545 + 896 + 2,178 30 + 725 + 3,769 + 630 9 +11,935 1,004 983 361 - 808 +2,527 +1,719 +2,210 + 663 — „ -+ 119 + + 44 54 15 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Excludes $2,253 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $116 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. 4/ Includes $10 million of certain deposits of foreign-owned banking institutions voluntarily held with member banks and redeposited in full with Federal Reserve Banks. ** Estimated (New York District). MATURITY DISTRIBUTION: OF LOANS AND SECURITIES. JU*Y 20, 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 Loans Acceptances 196 26 195 12 4 222 211 U.S. Government securities Holdings Weekly changes 5,770 +1,967 17,165 + 755 28,132 -1,004 29,652 + l 11,233 6,466 -98,418 +1,719 Federal Agency obligations Holdings Weekly changes 503 +451 336 - 30 1,074 27 3,648 12 1,512 13 823 7,896 +473 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON July 20, 1977 Total | Boston ' * New York Philadelphia CleveRichland mond Atlanta (In millions of dollars) Chicago St. Louis Minneapolis Kansas Citv San Dallas Francisco A S S E T S 11,605 1,200 541 60 3,379 300 631 71 934 103 982 109 560 62 1,736 190 469 50 225 24 393 42 456 46 1,299 143 Coin 352 12 18 14 43 33 29 25 63 16 41 17 41 Loans Acceptances: Bought outright Held under repurchase agreements Federal Agency obligationsBought outright Held under repurchase agreements U.S. Government securities: Bought outright— Bills Certificates Notes Bonds 222 17 29 -- 2 12 9 20 1 5 28 59 40 Total bought outright .1/ 2/ Held under 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 * 1/ 2/ _3/ 25 186 25 186 7,423 473 347 1,752 473 396 621 592 366 1,189 315 182 298 371 994 38,555 1,802 9,100 2,057 3,227 3,073 1,904 6,176 1,636 943 1,547 1,928 5,162 49,088 8.248 2,294 385 11,586 1,947 2,619 440 4,109 691 3,912 657 2,423 407 7,864 1,321 2,083 350 1,202 202 1,969 331 2,454 413 6,573 1,104 95,891 2,527 98.418 106,747 4,481 5,116 8,027 7,642 4,734 15,361 4,069 2,347 3,847 4,795 12,839 4,481 4,845 22,633 2,527 25,160 27,625 5,116 5,512 8,027 8,650 7,642 8,246 4,734 5,109 15,361 16,570 4,069 4,385 2,347 2,534 3,847 4,173 4,795 5,225 12,839 13,873 13,077 423 110 372 1 3,868 91 -0+ 29 2,347 9 2,281 -2,065 325 56 108 - 305 586 24 151 + 280 2,036 61 152 + 292 1,303 14 151 - 599 1,614 16 282 4- 824 540 13 94 - 49 562 30 51 - 50 964 18 79 + 174 622 12 90 + 964 1,755 9 338 + 505 6,111 33,894 6,412 10,771 11,911 6,629 21,257 5,565 3,392 5,884 7,432 17,963 137,221 Estimated (New York District). Excludes $2,253 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. Includes $116 million securities loaned--r'ully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes assets denominated in foreign currencies. STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 20, 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/ TotaHdeposits 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 ! I 87,191 4,463 22,336 4,756 7,581 7,792 3,352 14,408 3,701 1,842 3.233 3,733 9,994 28,833 7,220 247 1?867 38,167 8,480 743 443 8 1 1,195 329 6,530 1,212 72 1,767 9,581 1,124 870 414 1/ 10 1 1,295 207 1,647 837 20 1 2,505 409 1,513 594 13 22 2,142 1,770 1,825 301 18 40 2,184 849 4,424 1,003 35 5 5,467 878 964 424 8 1 1,397 349 556 456 7 1 1,020 439 1,356 314 10 3 1,683 802 2,302 717 13 14 3,046 477 6,103 505 33 11 6,652 847 1,035 134,873 45 6,032 262 33,303 50 6,308 75 10,570 70 11,774 74 6,459 143 20,896 38 5,485 24 3,325 69 5,787 45 7,301 140 17,633 1,004 983 361 32 35 12 254 251 86 43 43 18 86 84 31 55 54 28 77 75 18 153 148 60 33 33 14 30 29 8 42 41 14 57 55 19 142 135 53 137,221 6,111 33,894 6,412 10,771 11,911 6,629 21,257 5,565 3,392 5,884 7,432 17,963 14,777 3,919 1,944 3,448 4,110 10;851 1,736 468 50 225 24 393 42 456 46 1,298 59 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 23,072 92,505 4,707 5,165 7,881 8,207 4,424 Collateral for F.R. notes: Gold certificate account 3,378 632 11,601 541 982 933 559 Special Drawing Rights certif. acct, 752 300 60 109 62 — — Acceptances ... --— — -.-U.S. Government securities 4,600 4,120 7,220 4,000 7,010 81,335 19,450 Total collateral 4.721 23.128 5.232 4,621 8,311 7,943 1/ After deducting $175 million participations of other Federal Reserve Banks. 2/ Includes $10 million of certain deposits of foreign-owned banking institutions voluntarily held with member banks and redeposited in full with Federal Reserve Banks. * Estimated(New York District). — .. -- — _- -- -_ 13,200 3,450 1,810 3,675 9,700 14,936 3,968 2,059 3,100 3,535 4.177 11,057
@FedFRASER