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FEDERAL RESERVE •^ Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release May 12, 1977 Averages of daily figures Week ended Change from week ended Wednesday Member bank reserves, May 11, * 1 May 12, Reserve Bank credit, May 11, * May 4, and related items 1977 1977 1977 1 1976 1/ (In millions of dollars) Reserve Bank credit: y ii U.S. Government securities-97,506 +10,818 81 97,310 Bought outright--System account 3,372 + 2,047 - 507 2,646 Held under repurchase agreements Federal Agency obligations-.7,077 + 470 7,077 Bought outright 83 - 48 + 143 163 Held under repurchase agreements Acceptances— 408 75 17 84 Bought outright 597 562 + 479 - 215 Held under repurchase agreements Loans-+ 100 374 - 59 155 Total member bank borrowing + 13 24 22 + 4 Includes seasonal borrowing of: Other borrowing 2,683 + 691 3,086 - 131 Float 3,248 50 3,210 - 1,151 Other F.R. assets 115,015 +13,187 114,292 -1,109 Total Reserve Bank credit 11,636 11,636 + 37 — Gold Stock 1,200 + 700 1,200 Special Drawing Rights certif. acct. -11,048 + 513 11,050 + 13 Treasury currency outstanding +14,438 138,901 -1,095 138,177 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/ 94,878 500 13,273 359 532 3,166 112,708 25,469 8,999 34,620 34,646 26 + + + + 625 56 189 63 60 261 233 -1,328 + 118 -1,209 - 888 - 321 + 7,456 22 + 6,846 + 32 100 + 30 +14,242 + + + + 198 702 900 893 + 7 95,413 500 12,193 234 424 3,224 111,988 26,913 8,999 36,064 34,646 1,418 NOTE: A net of $135 million of surplus reserves were eligible to be carried forward ftom the week ended May 4, into the week ending May 11. On May 11, 1977, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $57,542 million, a a decrease of $387 million for the week. 1/ Net of $1,082 million, daily average, matched sale-purchase transactions outstanding during the statement week. 27 Excludes $982 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $150 million securities loaned—fully secured by U. S. v^overnment securities pledged with Federal Reserve Banks. 4/ Includes $16 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 $152 million waivers jt penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. * Estimated (Philadelphia, Dallas, and San Francisco Districts). ** Estimated (Treasury's figures). H.4.1(a> CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since May 12, May 4, May 11, 1976 1977 1977 ** A S S E T S — 11,636 37 Gold certificate account + 1,200 700 + Special Drawing Rights certif. acct. — 322 2 17 Coin + 374 •4- 251 116 Loans 18 Acceptances—Bought outright 75 - 406 + 597 Held under repurchase agreements 360 - 327 7,077 Federal Agency obligations—Bought outright + 470 -. 83 Held under repurchase agreements - 344 2 U.S. Government securities: Bought outright—Bills 40,640 + 3,968 743 Certificates Notes 49,632 + 4,691 — Bonds 7,234 + 1,318 -1/2/ Total bought outright Held under repurchase agreements Total U.S. Government securities Total loans and securities Cash it:±ms in process of collection Bank premises Other assets 3./ TOTAL ASSETS (1836) 97,506 3,372 100,878 109,084 8,748 (1836) 2,881 134,238 + 46 -3,771 - 1,165 +11,529 85,185 26,913 12,193 + 690 -2,744 -1,506 + 7,058 - 2,342 + 6,398 25 98 164 + 743 -2,718 -1,975 -2,413 -1,402 367 — + 9,977 + 1,269 •fir;^ +11,784 + 162 + 28 tlAfiltHIIS Federal Reserve notes Deposits: Member bank-reserves account U.S. Treasury—general account Foreign Other 4./ Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 234 424 (1836) (1836) C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts 39,764 6,065 1,039 132,053 996 983 206 - 120 -4,395 - 169 + 3,794 + 660 23 85 -3,897 +11,427 + + + 2 — + 49 54 1 124 * Figures in parentheses are the eliminations made in the consolidating process. ** Estimated (Philadelphia, Dallas and San Francisco District). jL/ Excludes $982 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $150 million securities loaned—fully secured by U. S. Government securities pledged with Federal Reserve Banks. 3^/ Includes assets denominated in foreign currencies. 4-/ Includes $16 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, Mav llr 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 361 13 613 50 374 672 U.S. Government securities Holdings Weekly changes 11,291 -1,949 17,552 - 184 25,688 + 158 30,904 .9,991 — 5.A32 100,878 Federal Agency obligations Holdings Weekly changes 122 -305 280 - 39 1,106 3,490 1,372 -- 790 •1,975 7,160 -344 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MAY 11, 1977 Boston New York * Philadelphia Cleve- Total 11,636 1,200 541 60 3,410 300 631 71 934 103 982 109 560 62 322 15 20 11 45 37 32 land 1 Richmond Atlanta (In millions of dollars) St. Louis Chicago Minneapolis Kansas City * * San ** Dallas Franc!sea 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 outright ]7 2/ 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 374 75 597 3 — — 45 6 2 75 597 "~ **~ -" ~~ -•" 378 -- 1,670 83 1,899 9,593 2,168 -- -- -- 7,077 83 331 40,640 — 204 •"•" 592 "** 3,402 — * • " • 564 225 24 393 42 28 25 16 43 19 31 23 * 6 17 14 54 ~™ **"• "•"* ~~ **~ "" "" — **" — 349 1,134 300 173 284 354 948 2,007 6,510 1,725 995 1,630 2,032 5,441 -- "- .- • * " 3,238 — -- 577 1,215 177 2,482 605 2,106 307 290 362 6,645 969 8,162 7,771 4,814 15,620 4,138 2,387 3,911 4,876 13,055 -- "~ **~ 4,556 4,890 5,202 5,625 87T52 7,771 ZTToTS 8,760 8,337 5,163 10,584 367 2,881 -0- 296 109 104 + 370 1,143 9 1,268 -1,408 321 56 113 - 50 503 24 167 + 167 1,714 1,276 56 158 14 122 + 298 136,074 6,385 33,757 6,778 10,703 11,691 4,556 -- «- «.- -- -- ~~ "*"" ™~ 15,620 16,777 4,138 4,438 Z, 3o / 2~566 3,911 4,212 4,876 5,244 15,055 401 13 93 - 222 417 30 57 - 38 835 19 79 + 371 643 12 98 + 828 1,807 - 911 1,228 16 309 - 589 +1,184 6,318 19,695 5,267 3,297 5,994 7,346 18,843 1/ Excludes $982 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $150 million securities loaned—fully secured by U. S. Government securities pledged with Federal Reserve Banks. 2/ Includes assets denominated in foreign currencies. * Less than $500,000. ** Estimated (Philadelphia, Dallas and San Francisco Districts). -~ 7,951 1,159 1,991 357 5,202 97,506 3,372 100,878 109,084 1,707 ~" 2,450 23,014 3,372 26,386 29,015 n;7i4 -- 3,956 4,155 2,319 338 1,299 143 469 50 2,648 386 49,632 7,234 456 46 190 1,736 14,057 9 313 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON May 11, 1977 H.4.1(c) 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 85,185 4,352 21,916 4,715 7,425 7,630 3,245 14,010 3,610 1,825 3,116 3,556 9,785 26,913 12,193 234 424 39,764 7,901 6,330 812 830 3,326 8 1/ 59 1 322 1,651 10,037 956 257 930 726 10 2 1,668 250 1,611 1,005 20 2 2,638 378 1,582 719 13 15 2,329 1,535 1,624 398 18 40 2,080 779 3,652 787 35 5 4,479 728 814 413 8 1,188 821 10 1 2,020 729 1,847 1,314 13 11 3,185 438 5,891 1,509 33 23 1,235 304 632 345 7 2 986 398 37 45 148 T)pnnfii f"« • 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 24 > 7,45* 1,149 1,039 50 297 50 75 72 52 144 45 133,889 6,310 33,206 6,683 10,516 11,566 6,156 19,361 5,194 3,233 5,902 7,224 18,538 996 983 206 32 35 8 251 251 49 43 43 9 85 84 18 55 54 16 77 75 10 152 148 34 33 33 7 30 29 5 42 41 9 57 55 10 139 135 31 136,074 6,385 33,757 6,778 10,703 11,691 6,318 19,695 5,267 3,297 5,994 7,346 18,843 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 J Total collateral 1 * ** V 2/ 89,655 4,570 22,590 5,012 7,657 7,917 4,292 14,293 3,790 1,869 3,289 3,970 10,406 11,632 643 541 60 3,409 300 632 933 982 559 62 1,736 468 50 225 24 393 42 456 46 1,298 59 79,133 91,408 4,080 4,681 19,050 22,759 4,500 5,132 6,810 7,743 7,068 8,050 4,000 4,621 12,800 14,536 3,340 3,858 1,710 1,959 2,900 3,335 3,575 4,077 9,300 10,657 Less than $500,000. Estimated (Philadelphia, Dallas and San Francisco District). After deducting $175 million participations of other Federal Reserve Banks. Includes $16 million of certain deposits of foreign-owned banking institutions voluntarily held with member banks and redeposited in full with Federal Reserve Banks.
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