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FEDERAL RESERVE f*z*&r- Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release Harch 24, 1977 Averages of daily figures Member bank reserves, Week ended Change from week ended Mar. 24, Reserve Bank credit, Mar. 16, Mar. 23, 1976 1977 and related items 1977 Reserve Bank credit: (In millions of dollars) 1/ U.S. Government securitiesBought outright—System account 94,865 +2,254 +7,063 Held under repurchase agreements 1,893 +1,893 - 197 Federal Agency obligationsBought outright 6,744 + 137 Held under repurchase agreements 34 34 - 191 AcceptancesBought outright 168 6 - 388 Held under repurchase agreements 173 + 173 18 LoansTotal member bank borrowing 339 + 314 + 261 Includes seasonal borrowing of: 13 + 1 + 5 Other borrowing Float 3,010 + 197 + 969 Other F.R. assets 2,798 + 100 - 703 Total Reserve Bank credit 110,024 +4,959 +6,933 Gold Stock 11,647 4 + 48 Special Drawing Rights certif. acct. 1*200 — + 700 Treasury currency outstanding 10,96* + 7 + 527 133,839 +4,961 +8,207 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: 93,onv Wednesday Mar. 23, 1977 2/ 3/ 94,855 5,009 6,744 159 161 299 2,196 14 2,762 2,921 115,106 11,636 1,200 10,979 138,921 500 9,800 251 649 3.273 107,551 6 4 +3,997 50 27 + 142 +4,053 +7,910 14 + 828 16 - 173 70 +8,465 93,210 500 10,764 261 525 3,346 108,606 26,287 7,498 33,930 33,843 87 908 993 85 1 86 - 260 + 629 + 368 + 392 24 30,315 7,498 37,958 33,843 - + - A net of $127 million of surplus reserves were eligible to be carried forward from the week ended March 16, into the week ending March 23. On March 23, 1977, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $56,190 million, an increase of $268 million for the week. 1/ Net of $1,077 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $1,257 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $128 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. 5/ Adjusted to include $145 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. * Estimated (Treasury's figures). CONSOLIDATED STATEMENT OF CONDITION' OF ALL FEDERAL RESERVE BANKS ( U\ [nil 1 ions ofdollars) Wednesday Change -since Mar. 24, Mar. .16, Mar. 23, 1976 1977 1977 A S S E T S 15 11,636 + •37 Cold ertificate account — 1,200 + 700 * Special Drawing Right's' certif. acct. 7 2. 370 Coin + 2,166 2,196 + 1 ,872 Loans 10 161 - 369 Acceptances—Bought outright + 299 299 + 214 Held under repurchase agreements -+ 137 6,744 Federal Agency obligations—Bought outright 72 + 159 159 Held(under repurchase agreements U.S. Government securities: + 976 + 4,198 38,478 Bought outright—Bills Certificates + 4,497 49,181 Notes + 261 37 + 1,318 7,196 Bonds + H.4,Ha". XdJial,JiQttghr outright Held under repurchase agreements total U.S. Goverament securities Total loans and securities Cash items in process of collection Bank premises Other assets 3_7 TOTAL ASSETS L I A B I L I 1 I. E S> Federal Reserve notes Deposits: Member bank-reserves account U.S. Treasury—genera! account Foreign Other 4/ Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 1/2/ (1,746) (1,746) 1) ( ( 1) 0 ,745) CI,746) C A P I T A I A C C 0 U N T S Capital paid in surplus Other capital accounts 94,855 5,009 99,864 109,423 8,147 374 2,547 133,697 -*- 4,496 + 5,009 + 9,505 +12,119 - 2,301 + 1 + 117 -I- 9,919 + 6,791 + 3,991 +10,782 +12,564 + 619 + 42 734 +13,221 83,101 30,315 10,764 261 525 41,865 5,385 996 131,347 184 + 4,854 + 6.490 + 18 256 +11,106 - 1,158 + 7,339 + 3,655 + .1,926 10 2 30 + 5,341 + 525 55 +13 7150 991 983 376 + 9,807 + + 1 -111 + + - 49 54 32 * Figures-in parentheses are the eliminations made in the consolidating process. 1/ Efxclud^'s SI.,257 million of securities sold, and scheduled to be bought back, unde^v matched sale-purchase transactions, 2/ Includes $123 Trillion securities loaned — fully secured by U.S. Government ; securities pledged with Federal Reserve Banks, 3/ includes assets denominated in foreign currencies. 4/ Includes. $15 million of certain deposits of foreign-owned banking institutions : voluntarily held with member banks .and redeposited in full with Federal ReseJrv^e "ffanks. Ft MATURITY DISTRIBUTION. OF LOANS AND SECURITIES, MARCH 23, 1977 .^Acceptances and securities held under repurchase agreements are classified as 'maturing within 15 days in accordance with maximum maturity of the agreements.) Loans .WitHiri;,,15 .'days'..' 16* days to 9i3"days 91 days_ r to 1 year Oye..r VVear, to J y e a r s Over 5 y e a r s ' to 10 y e a r s Over 10 y e a r s Total 2,192 4 --— -2.196 Acceptances 320 93 47 --460~ U.S. Government securities Holdings Weekly changes +6,612 9,177 19,562 +2,730 25,248 95 30,575 + 174 9,888 + 47 • 5,414 . 99,864A +9,505 Federal Agency obligations Holdings Weekly changes 200 +187 - 28 268 1,178 + 9 3,291 - 9 — 1,206 — 760 +159 6,903 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MARCH 23, 1977 New York Philadelphia CleveRichland mond Atlanta (In millions of dollars) Kansas Citv St. Louis Minneapolis 1,704 190 466 50 222 24 397 42 420 46 1,325 143 39 33 27 14 46 22 Al 53 9 42 40 83 31 20 341 Total Boston 11,636 1,200 542 60 3,389 300 641 71 939 103 992 109 599 62 370 20 28 11 47 42 2,196 161 1,263 133 20 Chicago San Dallas Francisc< A S S E T S Gold certificate account Special Drawing Rights certif. acct. Coin 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 Total bought outri^it \IU Held under repurchase agreements Total U.S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets 3/ Interdistrict settlement account TOTAL 161 299 161 299 6,744 159 312 1,586 159 374 556 541 361 1,080 275 154 267 321 •91? 38,478 1,778 9,051 2,135 3,173 3,088 2*061 6^161 1,569 880 1,523 1,827 5,232 49,181 7,196 2,273 333 11,568 1,692 2,729 399 4,055 593 3,947 578 2,634 386 7,876 1,152 2,005 293 1 ,124 165 1,947 285 2,336 342 6,687 978 94,855 5,009 99,864 109,423 4,384 5,263 7,821 7,613 5,081 15,189 3,867 2 ,169 3,755 4,505 12,897 4,384 4,857 22,311 5,009 27,320 30,788 5,263 5,770 7,821 8,397 7,613 8,207 5,081 5,451 15,189 16,311 3,867 4,182 2 ,169 2 ,406 3,755 4,053 4,505 4,846 12,897 14,155 9,893 374 2,547 -0- 245 108 74 + 495 1,303 18 1,197 -3,968 298 56 90 - 342 + 519 25 117 213 1,621 54 131 + 47 909 14 126 - 730 1,322 16 253 + 789 427 13 64 + 421 + 445 31 65 360 875 18 60 + 490 615 v 1,314 12 9 71 299 + 742 +1,483 I 135,443 6,401 33,055 6,595 10,360 11,203 6,470 20,618 5,650 3 ,567 5,981 6,774 1/ Excludes $1,257 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions* 2/ Includes $128 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. 18,769 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MARCH 23, 1977 H.4.1(c) New Total Boston York Philadelphia Cleveland Richmond [" St. Atlanta Chicago | Louis [Minne- San lapolis Kansas City Dallas Francisco (In millions c 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 2/ Other 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 83,101 4,196 21,498 4,647 7,267 7,456 3,233 13,676 3,515 1,763 2,987 3,399 9,464 30,315 10,764 261 526 41,866 7,130 1,098 730 8 1,836 7,217 2,027 1/ 86 418 9,748 910 644 10 2 1,566 1,634 789 20 1 2,444 1,838 611 18 40 2,507 4,007 1,699 35 6 5,747 972 730 8 1 1,711 711 595 7 1 1,314 1,263 837 10 2 2,112 1,994 741 13 16 2,764 7,242 706 33 17 7,998 238 931 224 375 1,429 655 13 22 2,119 1,422 495 693 307 401 749 441 854 996 44 287 51 73 71 64 142 36 23 35 41 129 133,093 6,314 32,464 6,488 10,15* 11,068 6,299 20,258 5,569 3,501 5,883 6,645 18,445 991 983 35 35 250 251 43 43 85 84 55 54 76 75 33 33 29 29 42 41 56 55 137 135 376 1 17 90 21 32 26 20 150 148 . 62 15 8 15 18 52 6,401 33,055 6,595 10,360 11,2P3 6,47(9- 20,618 5,650 3,567 5,981 6,774 18,769 135,443 1 rt • i V • 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 1/ 2/ 88,589 4,453 22,318 4,941 7,562 7,884 4,387 14,011 3,747 1,819 3,208 3,876 10,383 11,634 643 542 60 3,388 300 641 939 992 599 62 !>704 466 50 222 24 3*6 42 420 46 1,325 59 78.130 3,930 18.850 4,500 6.810 7.025 4.000 12.600 3,280 1.610 _ 2.800 3.425 9,300 90,407 4,532 22,538 5,141 7,749 8,017 4,661 14,304 3,796 1,856 3,238 3,891 10,684 After deducting $175 million participations of other Federal Reserve Banks. Includes $15 million of certain deposits of foreign-owned banking institutions voluntarily held with member banks and redeposited in full with Federal Reserve Banks.
@FedFRASER