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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release June 2, 1977 H.4.1 Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U.S. Government securitiesBought outright—System account Held under repurchase agreements Federal Agency obligations-Bought outright Held under repurchase agreements Acceptances-Bought outright Held under repurchase agreements Lo an s-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/ Averages of daily figures Week ended Change from week ended Wednesday June 1, * May 25, June 1, * June 2, 1977 1976 1977 1977 1/(In millions of dollars) 2/3/ ** ** 96,312 119 - 395 -1,665 7,077 1 - 197 59 7 +9,236 -1,876 95,252 + 250 93 7,077 4 339 - 375 285 58 230 44 81 10 + 12 27 220 39 2,536 2,862 109,203 11,629 1,200 11,073 133,105 183 306 -2,559 + 574 933 +6,486 + 31 + 700 + 493 +7,710 2,933 4,017 109,557 11,629 1,200 11,073 133,459 +7,492 38 + 155 + 46 + 106 + 60 +7,822 95,986 450 4,946 325 1,996 3,517 107,220 - 113 + 752 + 628 + 668 40 26,239 8,585 34,971 34,040 931 95,382 450 6,932 321 822 3,476 107,384 25,721 8,585 34,453 34,040 413 __ -+ 4 -2,555 + 506 --3,573 + 58 + 274 + 101 -2,634 + 78 ± ja± + + + 497 241 256 NOTE: A net of $92 million of surplus reserves were eligible to be carried forward from the week ended May 25, into the week ending June 1. On June 1, 1977, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $58,395 million, an increase of $94 million for the week. 1/ Net of $1,484 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $2,420 million of secruities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $154 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 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. 5/ Adjusted to include $147 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. * Estimated (Cleveland District). ** Estimated (Treasury's figures). H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday (Shange June 1, May ^>, 1977 ** 1977 A S S E T S Gold certificate account -11,629 Special Drawing Rights certif. acct. * 1,200 — Coin 315 9 Loans - 229 220 Acceptances—Bought outright 58 ' 2 Held under repurchase agreements Federal Agency obligations--Bought outright 7,077 Held under repurchase agreements U.S. Government securities; Bought outright—Bills 38,386 654 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 1/2/ 95,252 + + + - 31 700 27 54 362 250 + 4,645 + 3,876 + 2,133 654 +10,654 U929) 95,252 102,607 10,380 369 3,648 130,148 - 654 - 885 +1,951 -+1,329 +2,386 +10,654 +10,596 + 966 + 27 12 +12,281 L IA B U 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 (1*929) Other liabilities and accrued dividends TOTAL LIABILITIES 85,678 26,239 4,946 325 1,996 33,506 7,447 992 127,623 + 752 +2,166 -4,098 + 51 +1,283 - 598 +2,140 9 +2,285 + + + + + + 999 983 543 .. -101 (1,929) C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts - since June 2, 1976 + 6,899 4,074 1,182 90 1,147 4,129 738 59 +11,707 + + + 46 54 474 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Excludes $2,420 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $154 million securities loaned--fully secured by U. S. Government securities pledged with Federal Reserve Barks. 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. ** Estimated (Cleveland District). MATURITY DISTRIBUTION: OF LOANS AND SECURITIES. June 1, 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 Acceptances 201 19 9 45 4 220 58 U.S. Government securities Holdings Weekly changes 1,937 -1,933 18,195 + 582 27,673 + 666 29,930 + 31 -11,165 6,352 -95.252 - 654 Federal Agency obligations Holdings Weekly changes 71 + 3 277 + 65 1,102 - 68 -3,450 1,387 + 15 790 - 15 7.077 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON CleveRichland* Atlanta mond (In millions of dollars) Chicago St. Louis Minneapolis Kansas City 934 103 982 109 560 62 1,736 190 469 50 225 24 393 42 456 46 1,299 143 14 44 36 31 25 23 15 42 17 38 12 20 67 15 2 18 5 9 33 15 1 -.. 58 -- -—- --- --""• -** -- • * - -—- -- **- ""*• • —~ "*~ —— 7,077 331 1,670 378 592 564 -- -~ -- ~" -- ~~ 38,386 1,794 9,060 2,048 3,213 3,059 -- -- -- -- -- 48,732 8,134 2,277 380 11,502 1,920 2,600 434 4,079 681 3,884 648 2,406 402 95,252 4,451 22,482 5,082 7,973 7,591 -- -- -- -- -- 95,252 102,607 4,451 4,805 22,482 24,222 5,082 5,480 7,973 8,632 12,309 369 3,648 -0- 462 109 74 - 98 1,969 9 2,334 +1,933 236 56 106 - 91 132,077 5,967 34,186 6,503 New York Philadelphia Total Boston 11,629 1,200 541 60 3,403 300 631 71 Coin 315 14 16 Lens 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 220 23 58 -** San Dallas Francisco A S S E T S Gold certificate account Special Drawing Rights certif. acct. Total bought outright 1/ If Held under repurchase agreements Total U.S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets .2/ Interdistrict settlement account TOTAL — •""* * 300 173 284 354 -- "" -- *~ -"" 1,895 6,149 1 ,629 940 1,540 1,919 -- — -- -- -- -- -- 7,807 1,303 2 ,068 345 1 ,193 199 1,955 326 2,436 407 6,525 1,089 4,703 15,259 4 ,042 2 ,332 3,821 4,762 12,754 -- -- -- -- -- -- 7,591 8,170 4,703 5,054 15,259 16,411 T4 ,042 ,347 ,332 ~T 2 ,514 3,821 4,138 4,762 5,131 12,754 13,703 560 24 109 - 149 2,032 58 122 + 6 1,414 14 106 - 780 1,572 16 208 + 410 500 13 75 - 337 565 30 40 + 115 995 19 60 - 217 816 12 68 + 360 1,188 9 346 -1,152 10,257 11,515 6,461 20,568 5 ,140 3 ,528 5,472 6,906 15,574 -•" --. Estimated (Cleveland District). 1/ Excludes $2,420 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $154 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. _3/ Includes assets denominated in foreign currencies. " 1,134 — 349 " 948 — 5,140 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON June 1, 1977 H.4.1(c) Total Boston New York Philadelphia Cleve* land 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/ 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 85,678 4,394 21,790 4,728 7,416 7,713 3,425 14,065 3,628 1,845 3,167 3,636 9,871 26,239 4,946 325 1,996 33,506 9,376 821 261 8 1 1,091 349 7,470 670 1/ 150 1,905 10,195 1,327 874 497 10 1 1,382 228 1,645 482 20 1 2,148 400 1,095 543 13 13 1,664 1,913 1,484 175 18 42 1,719 1,090 4,793 257 35 5 5,090 887 769 250 8 1 1,028 356 609 464 7 2 1,082 505 1,029 264 10 2 1,305 859 1,795 719 13 8 2,535 550 3,855 364 33 15 4,267 912 992 129,552 45 5,879 232 33,544 50 6,388 79 10,043 72 11,362 50 6,284 148 20,190 40 5,052 25 3,457 37 5,368 46 6,767 168 15,218 999 983 543 32 35 21 251 251 140 43 43 29 85 84 45 55 54 44 77 75 25 152 148 78 33 33 22 30 29 12 42 41 21 57 55 27 142 135 79 132,077 5,967 34,186 6,503 10,257 11,515 6,461 20,568 5,140 3,528 5,472' b,906 15,574 FEDERAL RESERVE AGENTS1 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 90,294 4,560 22,594 5,018 7,668 8,003 4,384 14,379 3,835 1,899 3,343 4,001 10,610 11,625 643 541 60 3,402 300 632 933 982 559 62 1,736 468 50 225 24 393 42 456 46 1,298 59 — 79,383 91,651 — 4,080 4,681 — 19,050 22,752 -— 4,500 5,132 — — 6,810 7,743 -— 7,068 8,050 — 4,000 4,621 — — 12,800 14,536 — 3,390 3,908 — 1,710 1,959 * Estimated(Cleveland District) 17 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. — 3,000 3,435 — 3,575 4,077 — 9,400 10,757
@FedFRASER