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ol£2¥eA FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release June 16, 1977 Averages of daily figures Week ended Change from week ended Wednesday June 15,* June 8, 1 June 16, June 15,* 1977 1977 I 1976 1977 1/ (In millions of dollars) 2/ 3/ 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/ * ** 90,289 — 7,059 - 610 — +3 ,574 - 276 90,720 - 18 -- + 254 8 7,056 4 — . 353 - 40 49 — — 3 + + -52 — 223 47 — 174 31 973 45 - 461 + 88 -1,003 — — + 8 - 995 + 547 -1,488 +2 ,386 + 31 + 700 + 475 +3 ,591 4,212 2,857 i 105,867 11,629 1,200 11,096 129,792 + 96,312 287 715 -1,980 + 8 + 155 +7 ,366 - 57 -2,730 + 26 - 316 3^125 102,028 + 113 -1 ,487 62 +4 ,227 3,173 102,164 3,055 2,763 103,442 11,629 1,200 11,091 127,362 ** ** - — 96,131 450 1,320 25,334 8,694 34,175 33,861 314 - + _ + + 216 — 492 _ 636 61 431 + + 163 268 + 461 - 257 853 204 450 1,228 344 657 27,628 8,694 36,469 33,861 2,608 A net of $42 million of surplus reserves were eligible to be carried forward from the week ended June 8, into the week ending June 15 On June 15, 1977, marketable u # s . Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $57,624 million, a decrease of $969 million for the week. Net of $5,765 million, daily average, matched sale-purchase transactions outstanding during the statement week. Excludes $5,477 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. Includes $105 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes $14 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 $147 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. Estimated (Richmond and Atlanta Districts). Estimated (Treasury's figures). H.4.1(a> CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollsars) Wednesday Change June 15, June 8, 1977** 1977 A S S. E T S Golcf certificate account — 11,629 Special Drawing Rights certif. acct. * 1,200 — Coin + 2 311 Loans 973 + 204 Acceptances--Bought outright 49 5 Held under repurchase agreements — — Federal Agency obligations—Bought outright 7,056 21 Held under repurchase agreements — — U.S. Government securities: Bought outright—Bills 33,854 +3,411 Certificates Notes — 48,732 Bonds -8,134 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 assets3_/ TOTAL ASSETS \J2J (1,917) (1,917) 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 4/ (1) Total deposits (1) Deferred availability cash items (1,916) Other liabilities and accrued dividends TOTAL LIABILITIES (1,917) C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts since June 16, 1976 + 31 + 700 - 33 + 912 - + - 347 281 251 56 -2,639 +3,876 +2,133 90,720 — 90,720 98,798 12,052 371 2,486 126,847 * +3,411 — +3,411 +3,589 +3,052 + 181 +6,824 +3,370 -1,931 +1,439 +1,918 +2,067 + 29 -1,137 +3,575 85,977 27,628 1,228 344 657 29,857 7,840 952 124,626 24 +5,610 -1,495 + 51 + 103 +4,269 +2,417 + 54 +6,716 +6,850 44 -4,535 + 109 - 130 -4,600 +1,425 - 154 +3,521 1,000 983 238 «•«• -„ + — 108 + + - 46 54 46 * Figures in parentheses are the eliminations made in the consolidating process• ** Estimated (Richmond and Atlanta Districts). 1/ Excludes $5,477 million of securities sold, and scheduled to be bougjht back, under matched sale-purchase transactions, 1) Includes $105 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3^/ Includes assets denominated in foreign currencies. 4/ Includes $14 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. 3™e 15, 1977 (Acceptances and securities held under repurchase agreements are classifie d as maturing within 15 days in accordance with maximum maturity of the agree ments.) Loan 8 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 Acceptances 947 26 6 39 4 973 49 U.S. Government securities Weekly Holdings changes + 402 3,520 +2,976 12,777 + 33 26,976 29,930 11,165 6,352 +3,411 90,720 Federal Agency obligations Weekly Holdings changes 12 - 59 440 +113 1,025 - 27 3,403 - 47 1,386 - 1 790 7,056 - 21 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON June 15, 1977 ** CleveRich** mond Atlanta land (In millions of dollars) Minneapolis 1,736 190 469 50 225 24 393 42 456 46 1,299 143 30 23 23 15 41 17 40 13 18 355 * 7 56 23 218 --- _-.- — -- --- --- --- — — --- -«._ 376 591 -. 562 -- 348 -- 1,130 -- 300 -- 173 -- 283 -- 353 -- 945 -- 7,990 -11,502 1,920 1,806 -_ 2,600 434 2,834 -4,079 681 2,698 -3,884 648 1,671 -2,406 402 5,423 -7,807 1,303 1,437 -2,068 345 829 -1 ,193 199 1,358 -1,955 326 1,693 -2,436 407 4,533 -6,525 1,089 4,239 — 4,239 4,592 21,412 -21,412 23,253 4,840 _4,840 5,268 7,594 -7,594 8,266 7,230 -7,230 7,805 4,479 .4,479 4,845 14,533 — 14,533 16,018 3,850 -3,850 4,150 2 ,221 -,221 2 ,401 3,639 — 3,639 3,978 4,536 -4,536 4,912 12,147 -12,147 13,310 13,969 371 2,486 -0- 387 110 76 - 54 2,956 9 1,132 + 580 382 56 93 - 205 872 24 123 - 363 1,667 59 126 +1,563 1,344 14 119 - 947 1,862 16 252 55 569 13 66 - 310 557 30 39 - 189 1,034 19 65 - 59 735 12 150 - 35 1,604 9 245 + 74 128,764 5,724 31,649 6,310 10,002 12,348 6,027 20,042 5,030 3 ,102 5,513 6,293 16,724 New York Philadelphia 11,629 1,200 541 60 3,403 300 631 71 934 103 982 109 560 62 Coin 311 12 16 14 43 37 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 973 23 127 52 81 49 -- -__ 49 -- -— 7,056 — 330 -- 1,665 -- 1,582 33,854 -— 48,732 2,277 8,134 , 380 Total bought outright 1/V Held under repurchase agreements Total U.S. Government securities Total loans and securities 90,720 -90,720 98,798 Cash items in process of collection Bank premises Other assets 3/ Interdistrict settlement account Chicago Kansas City San Dallas Francisco St. Louis Boston Total A S S E T S Gold certificate account Special Drawing Rights certif. acct. TOTAL 1 .! * Less than $500,000. ** Estimated (Richmond and Atlanta Districts). _1/ Excludes $5,477 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. l_l Includes $105 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. T H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON June 15, 1977 Total Boston New York Philadelphia Cleveland Rich* mond 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/ 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 — . . . . , 85,977 4,423 21,893 4,753 7,472 7,715 3,364 14,165 3,638 1,848 3,187 3,644 9,875 27,628 1,228 344 658 29,858 9,756 838 76 8 922 262 7,059 94 1/ 169 557 7,879 1,102 1,067 107 10 6 1,190 222 1,669 90 20 1 1,780 484 1,174 94 13 13 1,294 3,144 1,694 90 18 44 1,846 572 4,285 142 35 5 4,467 924 809 49 8 4 870 410 648 49 7 3 707 460 1,192 148 10 2 1,352 847 1,838 121 13 8 1,980 500 5,355 168 33 15 5,571 829 952 126,543 42 5,649 219 31,093 47 6,212 75 9,811 70 12,223 81 5,863 145 19,701 37 4,955 23 3,038 34 5,420 44 6,168 135 16,410 1,000 983 238 32 35 8 251 251 54 43 43 12 86 84 21 55 54 16 77 75 12 152 148 41 33 33 9 30 29 5 42 41 10 57 55 13 142 135 37 128,764 5,724 31,649 6,310 10,002 12,348 6,027 20,042 5,030 3,102 5,513 6,293 16,72'4 i 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 90,843 4,594 22,742 5,043 7,732 8,061 4,322 14,515 3,842 1,915 3,371 4,019 10,687 11,625 752 541 60 3,402 300 632 933 982 109 559 62 1,736 468 50 225 24 393 42 456 46 1,298 59 79,755 4,070 19,150 4,500 6,910 7,050 4,000 4,621 4,671 22,852 5,132 7,843 8,141 92,132 1/ After deducting $175 million participations of other Federal Reserve Banks. 2/ Includes $14 million of certain deposits of foreign-owned banking institutions voluntarily held with member banks and redeposited in full with Federal Reserve Banks. * Estimated(Richmond and Atlanta Districts). 13,000 14,736 3,390 3,908 1,710 1,959 3,000 3,435 3,575 4,077 9,400 10,757
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