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FEDERAL RESERVE ?f«zn&e. Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release March 3, 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 Member bank reserves: With Federal Reserve Banks Currency and coin Total reserves held 5/ Required reserves Excess reserves 5/ NOTE: 1/ 2/ 3/ 4/ 5/ * Averages of daily figures Week ended Change from week ended Wednesday Mar. 2, Feb. 23, Mar. 3, Mar. 2, 1977 1976 1977 1977 1/ (In millions of dollars) 12/ 3/ 95,124 1,806 + 71 - 586 +7,528 - 342 6,770 112 + 20 12 + + 205 17 6,767 77 177 285 . + 9 94 - 491 - 195 177 149 30 12 + 7 1 95,455 932 - 55 + 4 43 12 3,355 2,717 110,377 11,651 1,200 10,938 134,166 + 664 + 115 + 335 6 -4 + + 333 +1,240 - 364 +7,545 + 52 + 700 + 582 +8,878 3,741 2,677 110,018 11,651 1,200 10,939 133,808 91,822 500 11,588 283 833 3,390 108,417 „ 11 + 25 + 627 14 + + 295 + 87 +1 ,038 +7,745 13 +1,677 29 + 20 + 101 +9,502 92,124 500 11,614 277 735 3,030 108,280 25,749 8,190 34,084 33,926 158 - 705 + 588 - 118 + 1 - 119 - 622 + 613 4 | ! + 1 248 - 252 25,527 8,190 33,862 33,926 64 A net of $69 million of surplus reserves were eligible to be carried forward from the week ended February 23, into the week ending March 2. On March 2, 1977, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $54,290 million, an increase of $250 million for the week. Net of $1,094 million, daily average, matched sale-purchase transactions outstanding during the statement week. Excludes $727 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. Includes $2 20 million securities loaned--fully secured by U.S. Government securities pledged with 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• 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 (In millions of dollars) Wednesday Change since March 2, Feb. 23, March 3, 1977 1977 1976 A S S E T S — 11,651 Gold certificate account + 52 — 1,200 Special Drawing Rights certif. acct. * + 700 Coin 377 22 5 Loans 43 34 - 274 Acceptances--Bought outright 177 2 - 468 149 - 174 Held under repurchase agreements - 333 6,767 Federal Agency obligations—Bought outright 23 + 160 77 - 166 Held under repurchase agreements 23 U.S. Government securities: 39,376 Bought outright—Bills 408 +2,055 Certificates 48,920 Notes +4,415 7,159 Bonds +1,305 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 3/ TOTAL ASSETS (2,065) 95,455 932 96,387 103,600 9,893 (2,065) 2,307 129,398 1/2/ 370 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 82,063 25,527 11,614 (2,065) 277 735 38 153 6 ,152 (2,065) ,019 _JL 127,387 Other _ty Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts 1/ II 2/ 4/ 989 983 39 + 408 -3,392 -2,984 -3,383 - 808 + 1 38 -4,233 +7,775 -1,397 +6,378 +5,440 +1,367 + 42 - 518 +7,061 + 2 -3,109 - 164 + 55 + 184 -3,034 - 793 69 -3,894 +6,984 -2,588 +1,794 + 44 + 45 705 746 40 +6,985 - + + - 339 50 54 28 Figures in parentheses are the eliminations made in the consolidating process. Excludes $727 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. Includes $220 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 2, 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 37 6 "157" 43 326 106 53 U.S. Government securities Holdings Weekly changes 5,132 +l',076 20,996 24,640 -1,155 30,401 + 99 9,841 5,377 ^ 96,387 -2,984 Federal Agency obligations Holdings Weekly changes —iw 171 1,139 3,358 1,217 760 6,844 + + + + 39 85 4 48 19 -189 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MARCH 2, 1977 H.4.1(b) Total Boston New York Philadelnhia RichClevemond Atlanta land (In millions of dollars) Chicago St. Louis Minneapolis Kansas City San Dallas Francisco A S S E T S Gold certificate account Special Drawing Rights certif. acct. Coin 11,651 1,200 542 60 3,403 300 641 71 939 103 992 109 599 62 1,704 190 466 50 222 24 397 42 421 46 1,325 143 377 19 30 11 48 44 42 34 26 15 45 23 40 43 13 2 4 2 — — 4 3 4 8 1 2 177 149 — -- 177 149 — -- -- -""*• ~- •"" "*" "** .. —~ •*™ - --*" -~ "" 6,767 77 313 1,592 77 375 558 — -- 39,376 1,819 9,262 2,185 3,246 — — 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 Bond 8 48,920 7,159 2,261 331 11,506 lf684 2,714 397 4,034 590 3,926 575 2,620 384 7,834 1,146 1,995 292 1 ,118 164 1,936 283 2,324 340 6,652 973 Total bought outright 1/2/ Held under repurchase agreements Total U.S. Government securities Total loans and securities 95,455 932 96,387 103,600 4,411 7,870 7,662 5,113 15,286 3,892 2 ,182 3,778 4,534 12,979 4,411 4,737 22,452 932 23,384 25,381 5,296 -- 5,296 5,675 7.870 8,430 7,662 8,205 5.113 5,475 -- 15.286 16,374 -- 3,892 4,171 -- 2 .182 2 ,341 -- 3.778 4,054 -- 4,534 4,856 12,979 13,901 11,958 370 2,307 -0- 345 107 68 - 123 2,056 18 1,121 +1.883 273 56 92 - 103 640 24 103 346 1,881 52 110 - 407 1,042 14 99 - 938 1,422 16 213 - 976 497 13 56 + 169 522 31 35 248 981 18 56 + 134 821 12 62 - 42 1,478 9 292 - 191 3 ,438 5,727 6,199 16,997 Cash items in process of collection Bank premises Other assets 3/ Interdistrict settlement account 1/ 2/ 3/ "• — -™ -- «.. — -- + 543 -•• 362 ""* 1,084 276 "*™ —~ 3,161 2,109 6,306 1,605 — — .. — — -- 18,977 5,448 10,986 6,395 5,755 34,192 131,463 10,633 6,716 TOTAL Excludes $727 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions, Includes $220 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes assets denominated in foreign currencies. *• 155 —™ 900 — + - • * •*•" 268 321 ~~ " • * 1,559 1,870 — — 920 ~~ 5,354 — -„ H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MARCH 2, 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 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 82s063 4,112 21,082 4,601 7,215 7,429 3,200 13,559 3,489 1,726 2,944 3,318 9,388 25,527 11,614 277 735 38,153 8,217 540 690 9 1,239 287 6,429 4,077 1/ 101 626 11,233 1,131 885 857 10 1 1,753 225 1,741 910 20 2 2,673 489 1,259 524 13 21 1,817 1,560 1,771 584 18 41 2,414 575 3,245 811 35 7 4,098 877 778 733 8 1 1,520 337 577 565 7 3 1,152 479 1,131 670 10 2 1,813 850 1,512 633 13 17 2,175 552 5,659 560 33 14 6,266 855 1.019 1 129,452 45 5,683 237 33,683 49 6,628 83 10,460 68 10,874 53 6,242 138 18,672 35 5,381 22 3,379 35 5,642 41 6,086 213 16,722 989 983 39 35 35 2 250 251 8 43 43 2 85 84 4 54 54 4 76 75 2 149 148 8 33 33 1 29 29 1 42 41 2 56 55 2 137 135 3 131,463 5,755 34,192 6,716 10,633 10,986 6,395 18,977 5,448 3,438 5,727 6,199 16,997 10,380 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 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 y 2/ 88,185 ' 4,418 22,287 4,913 7,537 7,865 4,374 135957 3,699 1,787 5,164 3,804 542 60 3,400 300 641 939 992 « -- --- 599 62 1,704 -- 466 50 221 24 396 42 420 46 11,645 643 -- -- .- 78,030 3,830 18,850 90,318 4,432 22^550^ 4,500 _!» 14 .L _ 6,810 -- -— — -- 7,025 4,000 12,600 3,280 1,610 2,800 3,425 7,749 8,017 4,661 14,304 3,796 1,855 3,238 3,891 — After deducting $176 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. — • 1,325 59 — 9,300 . 10,684
@FedFRASER