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FEDERAL RESERVE f^LRE^ Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release June 9, 1977 Averages of daily figures Week ended Change from week ended Wednesday June 8, * June 8, * June 9, June 1, 1977 1977 1976 1977 T 7 ( I n 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. Banks4/ 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/ 90,899 -5,413 - 119 7,077 ** ** +6,764 + 87,309 250 7,077 - 366 — 54 56 -- 3 7 223 50 ..3,498 2,675 104,429 11,629 1,200 11,083 128,341 7 6 — + 983 - 187 -4,754 --_ + 10 -4,744 130 36 -+ 560 -1,124 +6,215 + 31 4- 700 + 474 +7,420 3,562 2,689 101,460 11,629 1,200 11,083 125,372 95,914 450 3,300 279 560 3,012 103,515 + 530 --3,632 - 42 - 262 - 464 -3,871 +7,313 53 + 349 + 24 - 109 - 44 +7,480 96,316 450 2,723 293 560 3,012 103 ,354 24,826 8,755 33,728 33,698 30 + - + + + + 59 673 601 501 100 22 ,018 8 .7.55 30,920 33,698 - 2,778 + 873 170 703 342 361 + + 769 49 NOTE: A net of $139 million of surplus reserves were eligible to be carried forward from the week ended June 1, into the week ending June 8. On June 8, 1977, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $58,593 million, an increase of $198 million for the week. 1/ Net of $5,542 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $8,921 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $56 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 (Chicago District). ** Estimated (Treasuryf s figures'). H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since June 8, June 1, June 9, 1976 ,.:• A S S E T S ** 1977 1977 — .ji Gdtd Certificate account 11,629 + 31 -. Special Drawing Rights certif. acct. 1,200 + 700 Coin 6 309 35 Loans 769 + 549 + 418 54 4 Acceptances—Bought outright 358 Held under repurchase agreements Federal Agency obligations--Bought outright 7,077 250 Held under repurchase agreements U.S. Government securities: Bought outright—Bills 7,943 30,443 - 1,927 Certificates 48,732 + 3,876 Notes 8,134 Bonds +2,133 87,309 7,943 + 4,082 87,309 95,209 8,919 (1867) 371 2,318 (1867) 119,955 - 7,943 - 7,398 + 4,082 + 4,392 - 1,578 + 2 + 1,019 + 28 - 1,330 -10,310 - 1,158 + 4,977 85,992 22,018 2,723 + 302 - 4,221 - 2,223 32 + 6,775 - 2,216 + 227 + 55 - 1,436 - 7,912 - 2,195 - 2,011 + 313 1/ 2/ 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 \j TOTAL ASSETS LIABILITIES, 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 dividen4s TOTAL LIABILITIES 293 560 25,594 (1867) 5,357 77 903 89 (1867)117,846 - 9,894 +4,926 + + + C A P I T A L A C C O U N T S . Capital paid in Surplus Other capital accounts 1,000 983 126 1 — - i J 151 46 54 49 417 * Figures in parentheses are the eliminations made in the consolidating process. ** Estimated (Chicago District). 1/ Excludes $8,921 million of securities sold, and scheduled to be bought back under matched sale-purchase transactions. 2^/ Includes $56 million securities loaned—fully secured by U. S. Government securities pledged with Federal Reserve Banks. j3/ 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. June 8. 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 747 22 769 Acceptances 8 42 4 54 U.S. Government securities Holdings Weekly changes 3,118 +1,181 9,801 -8,394 26,943 - 730 — 29,930 -11,165 ,6,35,2 — 87,309 -7,943 Federal Agency obligations Weekly Holdings changes 71 327 1,052 3,450 1,387 790 7,077 — +50 -50 -— -- H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON June 8, 1977 Total 1 Boston New York Philadelphia CleveRichland mond Atlanta (In millions of dollars) * Chicago St. Louis Minneapolis Kansas City San Dallas Francisco A S S E T S 11,629 1,200 541 60 3,403 300 631 71 934 103 982 109 560 62 1,736 190 469 50 225 24 393 42 456 46 1,299 143 Coin 309 13 14 14 43 36 31 25 23 15 41 17 37 Loans Acceptances: Bought outright Held under repurchase agreements Federal Agencv obligations— Bought outi ight Held under cepurchase agreements U.S. Governm<nt securities: Bought outLight-Bills Certificates Notes Bonds 769 46 585 6 5 -- 4 9 1 38 29 15 31 Gold certificate account Special Drawing Rights certif. acct. 54 54 7,077 331 1,670 378 592 564 349 1,134 300 173 284 354 948 30,443 1,423 7,185 1,624 2,548 2,426 1,502 4,877 1,292 745 1,222 1,523 4,076 48,732 8,134 2,277 380 11,502 1,920 2,600 434 4,079 681 3,884 648 2,406 402 7,807 1,303 2,068 345 1 ,193 199 1,955 326 2,436 407 6,525 1,089 Total bought outright A/2/ Held under repurchase agreements Total U.S. Government securities Total loans and securities 87,309 4,080 20,607 4,658 7,308 6,958 4,310 13,987 3,705 2 ,137 3,503 4,366 11,690 87,309 95,209 4,080 4,457 20,607 22,916 4,658 5,042 7,308 7,905 6,958 7,522 4,310 4,663 13,987 15,130 3,705 4,006 2 ,137 2 ,348 3^503 3,816 4,366 4,735 11,690 12,669 Cash items in process of collection Bank premises Other assets 3/ Interdistrict settlement account 10,786 371 2,318 -0- 379 110 75 - 91 1,598 9 1,095 +1,091 294 56 92 - 141 483 24 117 - 92 1,696 59 120 + 169 1,263 14 98 - 448 1,386 16 238 - 225 467 13 66 - 102 468 30 39 158 969 19 75 - 105 575 12 73 - 67 1,208 9 230 + 169 4,992 18,496 6,243 9,517 10,693 30,426 6,059 5,544 TOTAL J 121,822 Estimated (Chicago District) Excludes $8,921 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. Includes $56 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes assets denominated in foreign currencies. 2 ,991 5,250 5,847 15,764 * 11 2/ _3/ STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON June 8 , 1977 H.4.1(c) New Boston Total York Philadelphia Cleveland Richmond St. Atlanta Chicago Minneapolis Louis Kansas City San Dallas Francisco 3,656 1,406 9,912 4,487 202 13 9 200 33 9 1,189 1,630 4,729 745 399 699 (In millions o f dollars) L I A B I L I T I E S Fed.eral 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 85,992 | 22,018 2,723 293 560 25,594 7,224 4,423 581 159 9 __ 749 259 21,834 5,950 354 1/ 117 467 6,888 960 4,742 747 213 10 1 971 208 7,463 1,211 213 20 1 1,445 356 7,715 988 347 13 15 1,363 1,431 3,440 1,473 246 18 45 14,123 2,962 26.2 35 9 1,782 3,268 801 644 3,643 1,849 723 186 8 1 918 326 513 140 7 2 662 396 3,192 977 201 10 1 903 42 214 45 72 66 61 141 35 22 36 42 127 119,713 5,473 29,896 5,966 9,336 10,575 6,084 18,176 4,922 2,929 5,162 5,727 15,467 1,000 251 251 28 43 43 7 86 84 11 55 54 9 77 75 7 152 148 20 33 33 126 32 35 4 30 29 3 42 41 5 57 55 8 142 135 20 121,822 j 5,544 30,426 6,059 9,517 10,693 6,243 18,496 4 ; 992 2,991 5,250 5,847 15,764 14,439 3,847 1,895 3,350 4,021 10,673 1,736 468 50 225 24 393 42 456 46 1,298 59 3,000 3,435 3,575 4,077 9,400 10,757 70J •4 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 90,574 8,042 4,366 4,579 22,672 5,016 7,674 Collateral for F.R. notes: Gold certificate account 982 11,625 541 3,402 632 933 559 Special Drawing Rights certif. acct, 109 62 752 60 300 Acceptances U.S. Government securities 6,953 4,000 79,258 4,070 19,050 4,500 6,810 Total collateral 8,044 4,621 7,743 4 671 22,752 ! 5,132 91,635 1_/ After deducting $176 miTTion 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 (Chicago District). 12,800 3,390 1,710 14,536 3,908 1,959
@FedFRASER