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FEDERAL RESERVE •.f«*RE^ Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release March 17, 1977 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 Averages of daily figures Week ended Change from week ended Wednesday Mar, 16, Mar. 9, Mar. 17, Mar. 16, 1977 1976 1977 1221 1 / ( I n millions of dollars) 2/ 3/ 92,611 -1,582 +5,902 90,359 6,744 - 23 + 137 6,744 174 - 3 - 438 171 25 12 + 5 — 2,811 2,698 105,063 11,651 1,200 10,962 128,876 . 315 + 45 -1 ,874 -. -9 + -1 ,865 93,088 + 806 500 -- 5,803 -2,893 + 45 - 27 + 133 -1 ,937 301 676 3,131 103,498 . + 15 4 30 11 + 365 3,905 2,803 104,012 11,651 1,200 10,962 127,825 - 649 +5 ,301 + 52 + 700 + 526 +6 ,579 +7 ,827 2 + - 233 + 39 - 274 - 86 +7 ,273 93,374 500 4,274 243 781 3,191 102,363 Member bank reserves: . 695 With Federal Reserve Banks + 71 25,461 25,377 Currency and coin 8,491 8,491 + 309 + 998 Total reserves held 5/ 34,013 34,097 + 381 + 303 Required reserves 33,842 33,842 + 333 + 510 Excess reserves 5/ 171 - 129 - 30 255 NOTE: A net of $123 million of surplus reserves were eligible to be carried forward from the week ended March 9, into the week ending March 16. On March 16, 1977, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $55,922 million, an increase of $935 million for the week. \J Net of $3,203 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $5,455 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. _3/ Includes $73 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks, 4/ Includes $15 million of certain deposits of foreign-owned banking institutions voluntarily held with member banks and redeposited in full with Federal Reserve Banks. J5/ Adjusted to include $145 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. * Estimated (Treasury's Figures). H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since March 16, March 9, March 17, 1977 1977 1976 A S S E T S — 11,651 + 52 Gol4 certificate account — 1,200 + 700 Special Drawing Rights certif. acct. * 372 2 13 Coin 30 42 4 Loans 171 - 414 3 Acceptances--Bought outright Held under repurchase agreements 6,744 23 137 Federal Agency obligations--Bought outright Held under repurchase agreements U.S. Government securities: 981 34,280 -2,310 Bought outright—Bills Certificates 48,920 +4,236 Notes +1,281 Bonds 7,159 ^ 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 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 */ Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 1/2/ (2,250) (2,250) (2,250) (2,250) C A P I T A L ACCOUNTS, Capital paid in Surplus Other capital accounts * 1/ V II 4/ 90,359 -2,310 +4,536 90,359 97,304 10,448 373 2,430 123,778 -2,310 -2,340 +1,510 + 1 + 114 - 717 +4,536 +4,217 + 621 + 42 - 609 +5,010 83,285 25,461 4,274 243 781 30,759 6,543 953 121,540 + 385 + 374 -2,808 6 + 74 -2,366 +1,144 + 7 - 830 +7,378 +2,525 -5,257 + 9 - 201 -2,924 + 585 - 104 +4,935 + + + - 990 983 265 + 1 — 112 49 54 28 Figures in parentheses are the eliminations made in the consolidating process. Excludes $5,455 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. Includes $73 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes assets denominated in foreign currencies. Includes $15 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. MARCH 16, 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 30 19 102 50 — — — 171 ^z. 30 U.S. Government securities Weekly Holdings changes 2,565 + 652 16,832 -2 ,871 25,343 91 -30,401 — 9,841 — 5,377 90,359 -2 ,310 > Federal Agency obligations Holdings Weekly changes 13 -109 296 + 57 1,169 + 98 3,300 - 58 1,206 - 11 — 760 6,744 - 23 ' STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON H.4.1(c) Total Boston New York Philadelphia Cleveland Richmond j Atlanta MARCH 16, 1977 Chicago St. Louis Minneapolis Kansas City Dallas San Francisco (In millions of 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 ' 83,285 4,184 21,535 4,687 7,322 7,504 3,178 13,766 3,534 1,754 2,977 3,333 9,511 25,461 4,274 243 781 30,759 8,793 764 331 9 910 365 10 1 1,286 237 1,343 342 20 1 1,706 501 1,172 339 13 23 1,547 1,836 1,713 297 18 47 2,075 579 3,627 339 35 5 4,006 833 865 298 8 1,104 321 6,283 443 1/ 67 670 7,463 1,273 1,171 380 640 362 7 2 1,011 456 1,104 469 10 2 1,585 858 1,753 422 13 11 2,199 527 5,287 267 33 19 5,606 992 953 123,790 44 5,653 224 30,495 50 6,260 73 9,602 70 10,957 85 5,917 141 18,746 35 5,120 23 3,244 33 5,453 41 6,100 134 16,243 990 983 265 35 35 13 250 251 62 43 43 15 85 84 23 54 54 18 76 75 14 150 148 44 33 33 10 29 29 6 42 41 11 56 55 13 137 135 36 126,028 5,736 31,058 6,361 9,794 11,083 6,082 19,088 5,196 3,308 5,547 6,224 16,551 i, a i l " • J 1 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 17 2/ "" 88,494 4,432 22,374 4,947 11,646 643 542 60 3,400 300 641 78,130 90,419 3,930 4,532 18,850 22,550 4,500 5,141 7,597 939 6,810 7,749 7,865 992 7,025 8,017 4,278 " 14,05/—"37750" 599 62 1,704 466 50 4,000 4,661 14,304 12,600 3.280 3,796 After deducting $176 million participations of other Federal Reserve Banks. Includes $15 million of certain deposits of foreign-owned banking instutitions voluntarily held with member banks and redeposited in full with Federal Reserve Banks. 3,196 3,809 10,398 222 24 396 42 420 46 1,325 59 1,610 1,856 2,800 3,238 3,425 3,891 9,300 10,684
@FedFRASER