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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release July 21, 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 obligationsBought 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. Banks4/ Other F.R. liabilities and capital Member bank reserves; With Federal Reserve Banks Currency and coin Total reserves held 5/ Required reserves Excess reservesS/ NOTE: Averages of daily figures Week ended Change from week ended Wednesday July 20, * July 13, 1 July 21, July 20, * | 1976 1977 1977 1977 1,/ (In millions of dollars) 12/ 3/ 96,508 361 + 927 361 7,423 68 4- 68 29 27 4- 4- 7,325 42 ! 95,891 2,527 44- 618 56 7,423 473 8 27 - 312 2 25 186 406 56 4- 247 44 44- 347 32 222 61 5,039 3,412 113,273 11,605 1,200 11,151 137,229 - 66 4- 240 - 59 - 11 11 59 4- 2,359 - 1,167 4- 9,227 47 4- 500 4- 495 4-10,229 4,597 4,240 115,584 11,605 1,200 11,151 139,540 97,581 450 6,783 330 1,025 3,328 109,496 - 340 4- 11 -2 ,239 4- 59 4- 395 4- 66 -2 ,048 4- 7,999 + 7 4- 1,161 448 480 442 4- 9,336 97,541 450 7,220 247 1,867 3,383 110,708 27,733 7,851 35,678 35,315 363 4-1 ,989 -1 120 4- 841 4- 936 - 95 4- 891 4- 422 + 1,258 4-1,123 4- 135 — 4- - ! 1 28,833 7,851 36,778 35,315 1,463 A net of $97 million of surplus reserves were eligible to be carried forward from the week ended July 13, into the week ending July 20. On July 20, 1977, marketable U.S, government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $59,568 million, an increase of $1,787 million for the week. _ 1/ Net of $1,717 million, daily average, matched sale-purchase transactions outstanding during the statement week* 2/ Excludes $2,253 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $116 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 $94 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. * Estimated (New York District). ** Estimated (Treasury's figures). CONSOLIDATED STATEMENT OF CONDITION OF iXL FEDERAL RESERVE aw. fin m i l l i o n s cf dollar.* Cl.."'^Wtdnesscav J u l v 2CL [ J u l y i J , **1977 J 1977 A S S E T S -Gold certificate account 11,605 •k Special Drawing Rights certif„ acct. 1,200 — Coj^i "?*•'352 + 49 Loans 222 - 161 Acceptances--Bought outright 25 7 Held under repurchase agreements 186 + 186 Federal Agency obligations—Bought outright ht 7,423 -Held under repurchase agreements + 473 473 U.S. Government securities: Bought outright--Bills 38,555 - 808 Certificates __ Notes 49,088 Bonds 8,248 — K.^.lc 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 1/2/ (2,181) (2,181) 95,891 2,527 98,418 106,747 10,896 372 3,868 135,040 _ 808 +2 ,527 + 1 ,719 +2 ,210 + 663 iinc Ju f; fyin; " 1976 + + + + + + + 7 500 5 97 315 186 618 473 + 920 - + 3,339 ±- 2 , 1 5 1 + + + + + + 169 ±1,091 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 -- + -- LIABILITIES; 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 (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 + 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» July 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 *ys 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 + 1 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 Philadelphia Cleve- 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 12 18 14 43 33 29 25 63 16 41 17 41 17 29 -- 2 12 9 20 1 5 28 59 40 Total Bo8ton 11,605 1,200 541 60 Coin 352 Loans Acceptances: Bought outright Held under repurchase agreements Federal Agency obligations— Bought outri^it Held under repurchase agreements U.S. Government securities: Bought outright— Bills Certificates Notes Bonds 222 Total bought outright J7 2/ Held under repurchase agreements Total U.S. Government securities Total loans and securities * New York Richmond Atlanta (In millions of dollars) Chicago St. Louis Minneapoli s Kansas Citv San Dallas Francisco A £ S, E T S Gold certificate account Special Drawing Rights certif. acct. Cash items in process of collection Bank premises Other assets 3/ Interdistrict settlement account TOTAL 1 25 186 25 186 1 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 7S642 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 3,868 j 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 + 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). 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--tully 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 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 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 F.R. notes outstanding 23,072 5,165 92,505 4,707 7,881 8,207 4,424 Collateral for F.R. notes: Gold certificate account 3,378 632 541 982 11,601 933 559 Special Drawing Rights certif. acct. 300 60 752 109 62 — -. Acceptances — — — — — — — U.S. Government securities 4,600 7,220 4,120 7,010 4,000 81,335 19,450 Total collateral 5.232 4.721 4,621 23.128 7.943 8.311 93f688 r Yj After deducting $175 million partic Lpations o\ other Federal Reserve Banks. 27 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). 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 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 FEDERAL RESERVE AGENTS' ACCOUNTS — — — — 13,200 3,450 1 ,810 14,936 3,968 2 ,059 -- -- -- 3 ,100 3 535 3,675 4,177 9,700 11,057
@FedFRASER