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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4,1 For immediate release May 19, 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 capiFal Member bank reserves: With Federal Reserve Banks Currency and coin Total reserves held 5/ Required reserves ~~ Excess reserves 5/ Averages of daily figures Week ended Change from week ended Wednesday May 18, ™ May „ „ 11 ii iMay ia M O„I Q May 18, M o „ 19, 1976 1977 1977 1977 (In millions of dollars) TTTj 1/ 97,473 1,861 + 163 785 +10,303 + 599 7,077 280 + 117 + + 72 448 - 12 114 126 28 + 30 6 + + 97,043 1,119 470 200 7,077 276 402 258 68 290 4 17 211 30 3,288 2,754 112,126 11,629 1,200 11,058 136,013 2,671 3,007 113,015 11,633 1,200 11,055 136,903 - 476 - 207 -1,344 3 -1,340 + 294 - 1,008 +10,719 + 34 + 700 + 514 +11,967 * 95,143 * 450 10,862 365 525 3,281 110,626 + 214 + 8 -2,411 + 6 7 + 116 -2,074 + 7,641 64 + 4,389 + 65 43 + 47 +12,035 95,213 450 10,848 279 536 3,296 110,622 68 916 25,392 8,554 34,097 34,750 - 653 26,278 8,554 34,983 34,750 233 + + + + 734 445 288 104 184 + + + - 847 859 12 NOTE: A net of $35 million of surplus reserves were eligible to be carried forward from the week ended May 11, into the week ending May 18. On May 18, 1977, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $58,520 million an increase of $978 million for the week. 1/ Net of $1,359 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $1,455 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $107 million securities loaned--fully secured by U.S. Government 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 $151 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. * Estimated (Treasury's figures). STATEMENT OF fONDITICli' OF ALL FEDERAL RESERVE 7XANKS 'Tn millions o: ic liars'* Chance since Wednesday May 11 May 11, i Mav 19, 1977 1977 I 1976 A S S E S S Gold certificate account: 7 + 30 11,629 ..Special Drawing; Rights certif. acct. 1,200 4- 700 Coin . >. 4329 7 14 Loans - 171 211 - 330 Acceptances--Bought outright 68 7 - 393 - 307 Held under repurchase agreements 290 - 130 -Federal Agency obligations—Bought outright 7,077 4- 470 4- 193 Held under repurchase agreements 276 4- 126 U.S. Government securities: Bought outright--Bills 40,177 4-3,827 - 463 Certificates - 900 Notes 48,732 4-3,876 Bonds 4- 900 8,134 4-2,133 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 1/2/ (2,098) (2,098) 97,043 1,119 98,162 106,084 9,234 368 2,386 131,230 - 463 -2 ,253 -2 ,716 -3 ,008 4-1 ,045 41 - 525 -2 ,487 4-9,836 -1,961 4-7,875 4-7,618 4- 254 + 28 - 816 4-7,800 84,933 25,392 10,848 279 536 37,055 5,946 988 128,922 - 197 -1,521 -1,345 4- 45 4- 112 -2,709 + 342 46 -2,610 4-7,033 -2,240 4-2,987 449 418 4- 814 7 - 150 4-7,690 4- 444- LIABILITIES 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 (2,098) (2,098) C A P I T A L A C C O U N T S . Capital paid in Surplus Other capital accounts 998 983 327 2 — 4- 121 46 54 10 * V Figures in parentheses are the eliminations made in the consolidating process. Excludes $1,455 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2j Includes $107 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, MAY 18. 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 203 8 — — — -- 308 50 — — — -- 211 358 U.S. Government securities Holdings Weekly changes 5,532 -5,759 4- 137 17,689 4-1,837 27,525 -1,005 29,899 4-1,174 11,165 4- 900 * 1.352 -2,716 98,162 Federal Agency obligations Weekly Holdings changes 4-261 383 - 68 212 1,140 4- 34 - 34 3,456 1,372 -790 — 4-193 7,353 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MAY 18, 1977 New Total Boston York Fhiladelphia Cleve- Richmond Atlanta (In millions of dollars) land 1 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 329 15 19 13 45 38 33 28 24 16 43 20 35 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 211 7 2 8 ... 1 4 144 1 4 20 15 5 68 290 — -- -— — -- — — -— -** — --- «... 1,670 378 592 564 349 354 948 ~ — — Gold certificate account Special Drawing Rights certif. acct. Total bought outright 1/2/ 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 68 290 — — 331 7,077 276 — 276 40,177 1,878 9,483 — — 1,134 300 173 — -- -- — -- 284 1,705 984 1,612 2,009 — -- -- -- — s — -- 48,732 8,134 2,277 97,043 1.119 98,162 106,084 4,535 380 -4,535 4,873 384 109 63 11,332 368 2,386 -0133,328 2,143 — — — 648 2,436 407 6,525 1,089 7,734 4,791 15,546 4,118 2,376 3,893 4,852 12,993 22,905 5,177 1.119 -24,024 ~ 5,177 26,330 5,563 8,123 22 56 168 94 - 6,139 32,456 6,494 30 + — 1,955 326 681 9 5,379 — 1,193 199 434 2,044 — 2,068 345 3,884 ~" — 6,436 7,807 1,303 4,079 — 1,983 2,406 402 2,600 11,502 1,920 1,186 - 835 + 3,202 3,363 — -- — — — — — — 8,123 8,715 """ 7,734 8,299 4,791 5,144 15,546 16,824 4,118 4,419 2,376 2,553 3,893 4,197 4,852 5,221 12,993 13,946 588 24 100 1,828 1,278 14 91 - 390 1,410 16 183 - 553 513 13 62 - 206 462 30 33 + 275 899 19 50 + 83 596 12 86 + 585 1,308 57 144 9 + 11,466 6,792 19,834 5,344 3,618 5,726 7,022 17,852 76 10,585 + y Excludes $1,455 million of securities sold, and scheduled to be bought bacljc, under matched sale-purchase transactions. 27 Includes $107 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. — — 9 220 892 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON May 18, 1977 H.4.1(c) Total Boston Philadelphia New York 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 CAPITAL ACCOUNTS Capital paid in Surplus other capital accounts TOTAL LIABILITIES AND CAF'TAL ACCOUNTS 34,933 4,368 21,819 4,719 7,431 7,582 3,217 14,045 3,^594 1,824 3,110 3,543 9,681 25,392 10,848 279 536 37,055 8,044 835 5,842 513 2,379 8 1/ 104 1 415 8,740 1,357 290 1,072 649 751 10 9 1,419 203 1,568 832 20 2 2,422 460 1,148 861 13 16 2,038 1,635 1,738 695 18 41 2,492 863 3,456 931 35 12 4,434 854 755 490 8 1 1,254 373 648 621 7 1 1,277 425 1,134 565 10 2 1,711 773 1,729 1,098 13 14 2,854 451 5,890 1,112 33 7,057 645 938 131,020 44 6,059 24 3 31,874 51 6,392 77 10,390 76 11,331 52 6,624 149 19,482 45 5,266 26 3,552 36 5,630 46 6,894 143 17,526 998 983 327 32 35 13 251 251 80 43 43 16 84 84 27 55 54 26 77 75 16 152 148 52 33 33 12 30 29 7 42 41 13 57 55 16 142 135 49 13 3,328 6,139 32,456 6,494 10,585 11,466 6,792 19,834 5,344 3,618 5,726 ' 7,022 17,852 FEDERAL RESERVE AGENT'S' ACCOUNTS I'.R. notfs outstanding Collateral for F.R. notes: (Joid certificate account Special Drawing Rights cert if. acct. Acceptances I. . S . Government secur it i es Total collateral 89,970 4,585 22,656 5,017 7,703 7,916 4,255 14,401 3,839 1,874 3,289 37^5 —m^m 11,625 541 60 3,402 632 933 982 559 62 1,736 468 50 225 24 393 42 456 46 1,298 -- -- -- -- 643 -79,183 91,451 ... 300 -- --- ._., -- --- 59 -- 4,080 19,050 4,500 6,810 7,068 4,000 12,800 3,390 1,710 2,900 3,575 9,300 4,681 22,752 5,132 7,743 8,050 4,621 14,536 3,908 1,959 3,335 4,077 10,657 1/ Att-jr deducting $175 million participations of other Federal Reserve Banks. 2/ Includes S16 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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