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FEDERAL RESERVE rf€^#: Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release June 30, 1977 Averages <3f daily figures Week ended Change fr<jm week ended June 29, * June 22, | June 30, 1977 1 1977 1 1976 1/ (In millions of dollars) 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 98,359 3,633 ** ** Wednesday June 29, * ! 1977 2/ 3/ +2,115 +2,683 +7,668 + 22 7,436 442 + + 326 387 + + 45 520 3 365 - 325 - 100 1 + 334 68 + + 63 17 + + ! 98,310 3,554 631 255 169 40 7,436 342 43 413 605 67 3,432 3,022 117,223 11,626 1,200 11,113 141,163 - 370 + 116 +5,680 3 -+ 3 +5,681 +1,105 -1,128 +8,298 + 28 + 586 + 483 +9,396 3,655 2,998 117,356 11,620 1,200 11,116 141,292 95,944 449 14,058 259 628 3,525 114,862 - 49 + 9 +5,368 2 + 28 + 236 +5,589 +7,586 - 62 +2,270 + 8 71 10 +9,720 96,679 450 16,115 287 592 3,523 117,646 + + + + + + + + - 23,647 8,624 32,418 34,916 - 2,498 26,302 8,624 35,073 34,916 157 93 260 353 300 53 327 547 207 575 368 A net of $28 million of surplus reserves were eligible to be carried forward from the week ended June 22, into the week ending June 29. On June 29, 1977, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $58,032 million, an increase of $223 million for the week. \J Net of $715 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $887 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $133 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 $147 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. * Estimated (Kansas City District). ** Estimated (Treasury!s figures). CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Change since Wednesday June 30, June 22, June 29, 1976 1977 1977** A S S E T S 22 9 11,620 + Gold certificate account -. + 1,200 500 Special Drawing Rights certif. acct. * — 26 313 Coin - 607 + 605 291 Loans - 318 4 Acceptances—Bought outright 43 61 413 253 Held under repurchase agreements + — + 7,436 631 Federal Agency obligations—Bought outright + 342 98 65 Held under repurchase agreements + U.S. Government securities: + 1,601 + 2,245 40,974 Bought outright—Bills Certificates 49,088 +' 3,339 Notes 8,248 Bonds ZZ + 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 V 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 4y Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 1/2/ (1,966) (1,966) 86,325 23,647 16,115 287 592 (1,966) (1,966) 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/ 98,310 3,554 101,864 110,703 9,598 370 2,628 136,432 40,641 5,943 1,087 133,996 1,601 812 2,413 1,961 117 1 16 1,850 + 7,735 -•• 317 + 7,418 + 7,834 + 554 + 24 - 1,259 + 7,649 568 - 2,182 + 3,157 + 37 39 + 973 + 134 + 80 + 1,755 + 7,201 - 3,813 + 4,143 + + + + 1,000 __ 983 453 -95 + , 62 - 255 + + 13 476 72 + 7,618 + + 41 54 64 Figures in parentheses are the eliminations made in the consolidating process. Estimated (Kansas City District). Excludes $887 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. Includes $133 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes assets denominated in foreign currencies. Includes $10 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, J u n e 29, 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 Loans Acceptances "595" "ZTZ526 4 605 456 U.S. Government securities Holdings Weekly changes 7,778 + 294 17,712 + 369 28,546 +1,750 -30,129 _11,233 -6,466 101,864 +2,413 Federal Agency obligations Holdings Weekly changes 402 393 + 98 1,025 3,636 1,499 823 7,778 + 98 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON June 29, 1977 Boston New York Philadelphia Cleve- Total 11,620 1,200 541 60 3,394 300 631 71 934 103 982 109 560 62 Coin 313 12 16 14 44 34 Loans Acceptances: Bought outright Held under repurchase agreements Federal Agency obligations— Bought outright Held under repurchase agreements U.S. Government securities: Bought outrigjit — Bills Certificates Notes Bonds 605 107 44 106 34 Minneapolis 1,736 190 469 50 225 24 393 42 456 46, 1,299 143 31 25 21 16 42 17 41 88 16 30 17 8 53 74 28 Chicago Kansas City* San Dallas Francisco St. Louis Richmond Atlanta (In millions of dollars) • land A S. S. E T S Gold certificate account Special Drawing Rights certif. acct. Total bought outright 1/2/ Held under repurchase agreements Total U.S. Government securities Total loans and securities Cash items in process of collection Bank premises 3/ Other assets Interdistrict settlement account TOTAL 1/ 2/ 3_/ * 43 413 43 413 7,436 342 347 1,755 342 397 622 593 367 1,191 316 182 298 372 996 40,974 1,915 9,671 2,186 3,429 3,266 2,023 6,563 1,739 1,003 1,644 2,049 5,486 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 98,310 3,554 101,864 110,703 4,594 5,245 8,229 7,835 4,853 15,748 4,172 2,407 3,944 4,916 13,163 4,594 5,048 23,204 3,554 26,758 29,355 5,245 5,748 8,229 8,885 7,835 8,516 4,853 5,236 15,748 16,969 4,172 4,505 2.407 2,597 3.944 4,295 4,916 5,362 13.163 14,187 11,564 370 2,628 -0- 307 110 83 + 335 1,925 9 1,170 -1,124 361 56 102 - 89 653 24 137 + 211 1,785 60 145 - 361 1,182 14 147 - 335 1,196 16 255 + 59 537 12 74 + 50 476 30 45 25 1,043 18 82 + 773 701 12 85 + 913 1,398 9 303 - 407 138,398 6,496 35,045 6,894 10,991 11,270 6,897 20,446 5,718 3,388 6,688 7,592 16,973 Excludes $887 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. Includes $133 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes assets denominated in foreign currencies. Estimated (Kansas City District). H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON June 29, 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 86,325 4,447 21,929 4,738 7,462 7,806 3,487 14,121 3,640 1,843 3,223 3,694 9,935 23,647 16,115 287 592 40,641 7,909 873 749 8 1 1,631 288 5,170 5,409 1/ 112 497 11,188 1,048 991 747 10 1 1,749 242 1,567 1,236 20 2,823 416 1,128 581 13 10 1,732 1,514 1,807 534 18 42 2,401 758 3,429 1,574 35 7 5,045 749 868 723 8 5 1,604 349 751 262 7 1 1,021 430 1,192 1,242 10 1 2,445 882 1,956 1,256 13 12 3,237 478 3,915 1,802 33 15 5,765 755 1,087 135,962 45 6,411 268 34,433 55 6,784 82 10,783 76 11,128 78 6,724 156 20,071 41 5,634 25 3,319 37 6,587 48 7,457 176 16,631 1,000 983 453 32 35 18 251 251 110 43 43 24 86 84 38 55 54 33 77 75 21 152 148 75 33 33 18 30 29 10 42 41 18 57 55 23 142 135 65 138,398 6,496 35,045 6,894 10,991 11,270 6,897 20,446 5,718 3,388 6,688 7,592 16,973 F.R. notes outstanding 91,171 4,608 7,690 22,749 5,054 4,446 8,144 Collateral for F.R. notes: Gold certificate account 11,616 541 632 933 982 3,393 559 Special Drawing Rights certif. acct. 752 60 300 109 62 — -Acceptances -— — — — — -U.S. Government securities 79,965 4,070 6,910 7,110 19,150 4,500 4,000 Total collateral 92,333 4,671 22,843 5,132 7,843 8,201 4,621 1/ After deducting $175 million participations of other Federal Reserve Banks. 2/ 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 (Kansas City District). 14,504 3,833 1,918 3,405 4,085 10,735 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 — _13,000 14,736 — 3,390 3,908 — -- 1,710 3,000 3,625 — 9,500 — 1,959 3,435 4,127 10,857
@FedFRASER