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FEDERAL RESERVE f*AL RE^V Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release July 7, 1977 Averages of daily figures Week ended Change from week ended Wednesday July 6, * July 6, * June 29, July 7, 1976 1977 1977 1977 1/ (In millions of dollars) [ 11 2/ 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/ 2/ 3/ 4/ 5/ * ** + + 7,131 2,004 96,695 . + 13 69 + + 618 373 7,423 511 42 486 - 3 34 - + 317 50 41 -- 265 58 - 69 10 + + 139 32 184 51 3,626 3,068 117,549 11,620 1,200 11,123 141,492 + 180 + 48 + 314 6 — + 10 + 317 + 1,165 4,007 3,156 111,506 11,620 1,200 11,139 135,465 97,062 450 12,560 +1 ,111 + 9 -1,498 + 109 + 96 - 65 - 237 7,423 ** ** - 502 + 637 97,857 4,270 368 724 3,460 114,624 26,869 8,681 35,670 35,092 578 + 554 + + 57 584 + 176 + 408 --- - 1,498 + + + + 9,666 22 500 482 +10,670 + 7,831 60 + 2,145 + 111 - 301 + 228 + 9,955 + 716 + 461 + 1,149 + 1,133 + 16 97,977 450 9,647 ! 372 607 3,159 112,212 23,254 8,681 32,055 35,092 - 3,037 A net of $51 million of surplus reserves were eligible to be carried forward from the week ended June 29, into the week ending July 6. On July 6, 1977, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $58,157 million, an increase of $125 million for the week. Net of $1,319 million, daily average, matched sale-purchase transactions outstanding during the statement week. Excludes $2,358 million of securities sold, and scheduled to be bought back under matched sale-purchase transactions. Includes $97 million securities loaned-fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes $10 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 $120 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19 1975 Estimated (San Francisco District). Estimated (Treasury's figures). CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since June 29, July 7, July 6, ••*•. A S S E T S 1977 ** 1977 1976 + — 1,620 22 Gold certificate account + 500 — 1,200 Special Drawing Rights certif. acct. * 303 33 Coin 10 + 113 184 - 421 Loans 2 - 310 41 Acceptances—Bought outright — - 209 - 413 Held under repurchase agreements + 618 7,423 Federal Agency obligations—Bought outright 13 — — - 342 Held under repurchase agreements U.S. Government securities: Bought outright--Bills -1,615 +1,025 39,359 Certificates — 49,088 Notes +3,339 8,248 — Bonds +2,151 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 J./2/ 96,695 — (1,740) 96,695 104,343 11,080 (1,740) 2.784 131,702 372 -1,615 -3.554 -5,169 -6,360 +1,579 + 2 + 172 -4,617 +5.904 +1,275 - 393 -6,468 + 85 + 15 -6,761 +1,236 39 -4,289 +7,389 -4,100 +2,169 + 112 - 193 -2,012 + 502 49 +5,830 + + + +6,515 -1.401 +5,114 +5,326 +1,471 + 27 -1,401 LIABILITIES Federal Reserve notes Deposits: Member bank-reserves account U.S. Treasury-general account Foreign Other 4y Total deposits Deferred availability cash items (1,740) Other liabilities and accrued dividends TOTAL LIABILITIES (1,740) C A P I T A L A C C O U N T S ! Capital paid in Surplus Other capital accounts 87,590 23,254 9,647 372 607 33,880 7,073 1,051 129,594 1,002 983 123 2 — - 43 54 23 330 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Excludes $2,358 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $97 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 (San Francisco District). MATURITY DISTRIBUTION: OF LOANS AND SECURITIES. JULY 6, 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 165 19 — ---184 Acceptances 16 21 4 -— -. 41 U.S. Government securities Weekly Holdings changes -5,296 2,482 17,487 - 225 29,375 + 829 29,652 - 477 — 11,233 — 6,466 -5,169 96,695 Federal Agency obligations Weekly Holdings changes 52 -350 366 - 27 1,047 + 22 — 3,636 — 1,499 823 7,423 — -355 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON July 6, 1977 Total Boston New York Philadelnhia 11,620 1,200 541 60 3,394 300 631 71 Coin 303 12 16 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 184 24 41 — — CleveRichAtlanta land J mond _____ (In millions of dollars) Chicago 934 103 982 109 560 62 14 42 32 4 3 8 41 -— St. Louis Minneapolis 1,736 190 469 50 225 24 393 42 456 46 1,299 143 30 24 21 16 40 16 40 10 59 22 3 5 33 13 — — -- --- --- — -~ — -- — -- — — -— — — 396 621 592 366 1,189 315 182 298 371 — — -- — -- -- -- -- 1,670 963 1,579 1,968 — -- -- -- Kansas City San * Dallas Francisco* A S S E T S Gold certificate account Special Drawing Rights certif. acct. Total bought outright J./2/ Held under repurchase agreements Total U.S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets 3/ Interdistrict settlement account TOTAL * 1/ 2/ 3/ -7,423 — — 347 1,752 -- — 39,359 1,839 9,290 2,100 — — -- -- 3,294 — — 3,137 1,944 — — 6,305 — — 5,270 — 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 96,695 4,518 22,823 5,159 8,094 7,706 4,774 15,490 4,103 2,367 3,879 4,835 12,947 .. -- -- — -- -- -- -- — 96,695 104,343 4,518 4,889 22,823 24,620 5,159 5,558 8,094 8,723 7,706 8,308 4,774 5,199 15,490 16,701 4,103 4,421 2,367 2,554 3,879 4,210 4,835 5,219 12,947 13,941 12,820 372 2,784 -0- 435 110 129 - 181 2,332 9 1,152 +2,106 346 56 105 340 661 24 146 + 46 2,122 61 138 - 43 1,559 14 180 - 444 1,388 16 298 - 961 473 13 77 - 280 522 30 49 • 31 1,037 18 72 -• 71 677 12 88 + 364 1,268 9 350 - 165 133,442 5,995 33,929 6,441 10,679 11,709 7,160 19,392 5,244 3,389 5,741 6,878 16,885 - Estimated (San Francisco District). Excludes $2,358 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. Includes $97 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes assets denominated in foreign currencies. 994 — — — — H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON July 6, 1977 \ 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 Other2/ 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 87,590 4,513 22,207 4,801 7,554 7,937 3,571 14,333 3,703 1,857 3,260 3,764 10,090 23,254 9,647 372 607 33,880 8,813 352 6,740 661 2,414 9 .L/ 196 515 1,022 9,865 1,095 345 712 566 10 2 1,290 205 1,539 808 20 1 2,368 500 1,132 571 13 11 1,727 1,854 1,672 662 18 39 2,391 964 2,911 835 35 5 3,786 802 654 432 8 2 1,096 336 486 482 7 2 977 467 971 507 10 1 1,489 868 1,524 894 13 7 2,438 511 4,561 815 33 22 5,431 866 46 5,926 230 33,397 53 6,349 77 10,499 73 11,591 75 7,001 149 19,070 39 5,174 27 3,328 36 5,653 46 6,759 200 16,587 32 35 2 251 251 30 43 43 6 86 84 10 55 54 9 77 75 7 153 148 21 33 33 4 30 29 2 42 41 5 57 55 7 143 135 20 5,995 33,929 6,441 10,679 11,709 7,160 19,392 5,244 3,389 5,741 6,878 16,885 I57o05 37557 T?m T^JT 4,084 10,766 1,736 468 50 225 24 393 42 456 46 1,298 59 13,000 14,736 3.390 3,908 1,710 1,959 3.100 3,535 3,625 9,500 10,857 1..051 131,334 1,002 | 983 j 123 133,442 FEDERAL RESERVE AGENTS* ACCOUNTS F.R. notes outstanding 7,761 4,642 22,835 5,115 Xl79 47414 Collateral for F.R. notes: Gold certificate account 981 3,393 632 933 559 541 Special Drawing Rights certif. acct, 300 62 60 109 Acceptances U.S. Government securities 4,070 19,250 4,600 6,910 7,160 4,000 4,671 22,943 5,232 7,843 8,250 4,621 Total collateral 1/ After deducting. $176 million participations of other Federal Reserve Banks. Ij Includes $10 million of certain deposits of foreign-owned banking institutions voluntarily held with member banks and redepoaited in full with Federal Reserve Banks. * Estimated (San Francisco District). 4,127
@FedFRASER