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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release July 28, 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 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 £/ Required reserves Excess reserves5/ NOTE 1/ 2/ 1/ 4/ 5/ * ** Averages of dally figures Week ended Change from week ended Wednesday July 27,* July 20, July 28, July 27, 1977 1977 1976 1977 TJ (In millions of dollars) 2/ 3/ 96,339 999 + 169 638 +7,350 + 472 96,834 1,563 7,423 167 + 99 618 136 7,423 205 23 184 + 6 157 + 314 166 19 249 295 69 + Ill 13 + + 136 42 514 63 +1,133 - 885 +8,812 + 7 + 500 + 489 +9,809 3,711 3,237 113,755 11,605 1,200 11.166 137,726 +8,058 6 +1,782 + 6 - 405 + 5 +9,440 97,363 450 8,616 289 693 3,507 110,918 3,604 3,202 112,236 11,605 1,200 11.153 136,194 97,135 450 8,000 256 638 3,432 109,911 26,284 8,803 ,181 ,096 85 -1,385 - 210 - 987 - 985 - 446 +1,217 74 - 387 + 104 + 415 -1,399 + 952 - 447 - 219 - 228 + + + 369 648 962 + 909 1 + 53 26,809 8,803 35,706 35,096 610 A net of $119 million of surplus reserves were eligible to be carried forward from the week ended July 20, 1977, into the week ending July 27, 1977 On July 27, 1977, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $58,836 million, a decrease, of $732 million for the week. Net of $1,622 million, daily average, matched sale-purchase transactions outstanding during the statement week. Excludes $1,227 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. Includes $70 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes $9 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 $94 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. Estimated (Atlanta, Chicago and Dallas Districts). Estimated (Treasury's figures). CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since July 27, July 20, July 28, 1977** 1977 1976 «f ,Jt £ 1 EL 1 £ Gold certificate account — 11,605 7 + Special Drawing Rights certif. acct. * 1,200 — + 500 Coin 309 - 43 38 Loans 514 - 162 + 292 Acceptances--Bought outright 19 - 314 6 Held under repurchase agreements 249 + 63 + 132 Federal Agency obligations--Bought outright — 7,423 + 618 Held uitder repurchase agreements 205 - 268 + 65 U.S. Government securities: Bought outright—Bills 39,498 + 943 +2,902 Certificates Notes 49,088 +3,339 Bond 8 8,248 ^,151 H.4.1(a> - Total bought outright Held under repurchase agreements Total U.S. Government securities Total loans and securities Cash-items^in^prpcess 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 */ Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES JL/J2/ (1,977) (1,977) (1,977) (1,977) C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts 1/ 2/ 3/ 4/ • 96,834 1,563 98,397 106,807 9,472 373 2,864 132,630 + 943 - 964 21 + 60 -1,424 + 1 -1,004 -2,410 +8,392 '1,175 ±Zx217 +7,556 +1,472 + 25 - 729 +8,793 86,955 26,809 8,616 289 693 36,407 5,761 1,047 130,170 - 236 -2,024 +1,396 + 42 -1,174 -1,760 +7,546 -1,380 +2,2% + 62 1,006 983 471 - 538 + 12 -2,522 + 2 + 110 - 441 + 537 + 726 - 102 +8,707 + + - 46 54 14 Figures in parentheses are the eliminations made in the consolidating process* Estimated (Atlanta, Chicago and Dallas Districts). Excludes $1,227 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. Includes $70 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes assets denominated in foreign currencies. Includes $9 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. July 27, 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 s Acceptances 508 6 258 9 1 514 268 U.S. Government securities Weekly Holdings changes 4,887 17,231 28,928 29,652 11,233 6,466 98,397 - 883 + 66 + 796 ... -— 21 Federal Agency obligations Holdings Weekly changes 235 410 1,000 3,648 1,512 _823 7,628 - 268 + 74 - 74 — — — - 268 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON July 27, 1977 New Philadelnhia CleveRichland 1 mond Atlanta* (In millions of dollars) St. Kansas City San *Dallaa Francisc Boston York 11,605 1,200 541 60 3,379 631 71 934 103 982 109 560 62 1,736 190 469 50 225 24 393 42 456 46 1,299 300 Coin 309 12 17 14 44 32 29 25 22 16 41 17 40 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 514 87 77 35 2 36 15 64 22 19 36 64 57 19 249 — -- 19 249 — -- -— -— — — -— .— — — — — --- --- 7,423 347 182 298 371 994 — — -- — 5,288 49,088 8,248 2,294 Total bought outright 1/2/ Held under repurchase agreements Total U.S. Government securities Total loans and securities 96,834 1,563 98,397 106,807 4,525 Chicago* Louis. Minneapolis Total A S 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 1,752 396 621 592 366 1,189 315 205 — 205 -- — — -- — -- 39,498 1,846 9,323 2,107 3,306 3,148 1,950 6,327 1,676 1,585 1,975 -- -- — -- -- — — — — -- 11,586 1.947 2,619 4,109 3,912 2,423 2,083 1,202 1,969 2,454 440 691 657 407 7,864 1,321 350 202 331 413 6,573 1,104 5,166 8,106 7,717 4,780 15,512 4,109 2,371 3,885 4,842 12,965 — — — — — — 4,525 4,959 22,856 1,563 24,419 26,721 5,166 5,597 8,106 8,729 7,717 8,345 4,780 5,161 15,512 16,765 4,109 4,446 2,371 2,572 3,885 4,219 4,842 5,277 12,965 14,016 11,449 316 1,956 310 569 1,750 1,052 1,469 421 507 1,017 650 1,432 373 110 96 9 24 158 62 158 14 135 16 305 13 84 30 72 18 80 12 94 9 412 20 1,157 - 535 56 113 - 438 + 424 - 157 + 354 - 11 - 231 + 4 + 423 + 6,074 33,004 6,354 10,985 11,281 7,367 20,495 5,274 3,528 5,814 6,975 17,456 — — 385 -- 2,864 -0134,607 - — — * Estimated (Atlanta, Chicago and Dallas Districts). 1/ Excludes $1,227 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $70 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. _3/ Includes assets denominated in foreign currencies. 143 967 82 •-- + — — 105 H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 27, 1977 Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago * St. / MinneLouis apolis 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 86,955 4,415 22,255 4,701 7,525 7,805 3,410 14,284 3,653 1,834 3,251 3,791 10,031 i 26,809 j 8,616 289 693 36,407 7,738 948 305 8 1 1,262 265 6,416 1,802 114 585 8,917 960 790 479 10 3 1,282 207 1,774 966 20 1 2,761 410 1,174 470 13 21 1,678 1,577 1,784 1,203 18 41 3,046 672 3,489 1,161 35 6 4,691 991 886 303 8 1,197 299 695 447 7 1 1,150 449 1,351 305 10 2 1,668 755 1,891 650 13 11 2,565 437 5,611 525 33 21 6,190 716 1.047 132,147 48 5,990 252 32,384 52 6,242 79 10,775 75 11,135 65 7,193 153 20,119 40 5,189 25 3,458 38 5,712 47 6,840 173 17,110 1,006 983 471 32 35 17 254 251 115 44 43 25 86 84 40 55 54 37 77 75 22 153 148 75 33 33 19 30 29 11 43 41 18 57 55 23 142 135 69 33,004 6,354 10,985 11,281 7,367 20,495 5,274 3,528 5,814 6,975 17,456 1 134,607 i i 6,074 FEDERAL RESERVE AGENTS1 ACCOUNTS F.Rfc notes outstanding Collateral for F.R. notes: Gold certificate account Special Drawing Rights certif. acct. Acceptances U.S. Government securities Total collateral 4,702 23,008 5,135 7,804 8,242 4,531 14,737 3,920 1,943 3,463 4,174 10,921 3,378 300 632 933 982 109 559 62 1,736 468 50 225 24 393 42 456 46 1,298 59 19.650 4.600 7.010 7.220 4.000 13.200 3.450 1.810 3.100 3.725 9.700 7,943 8,311 4,621 14,936 3,968 2,059 3,535 4,227 11,057 23,328 5,232 Xf After deducting $175 million participations of othar Faderal Reserve Banks - ^ * Estimated (Atlanta, Chicago and Dallas Districts). ^ ^ voluntarily held
@FedFRASER