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FEDERAL RESERVE
Factors Affecting Bank Reserves and
Condition Statement of F.R. Banks
H.4.1
For immediate release
May 5, 1977
Averages of daily figures
Week ended Change from week ended Wednesday
May 4,*
April 27,
May 5,
May 4, *
1977
1977
1976
1977
(In millions of dollars)
2/3/
1/
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 obligationsBought 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/
J3/
47
5/
+1,268
+ 9,709
3,153
+1,426
+
63
6,090
7,'077
211
+
+
+
+
470
100
7,077
427
346
96
101
777
- 14
+ 473
388
374
93
924
214
18
+
+
115
3
184
7
123
19
3,210
3,260
+ 284
+
86
115,394
-+ZT70HU
+
6
+4 ,085
-!- 746
- 1,142
+10,116
+
37
+
700
+
536
+11,388
3,920
3,202
118,619
11,636
1,200
11,037
142,492
+
87
+
53
+3 ,856
+ 24
- 42
+
88
+4 ,064
+ 7,450
26
+ 4,552
+
12
223
+
42
+11,806
94,690
500
13,699
259
544
3,144
112,836
+
21
+ 535
+ 355
+ 434
+ 122
+
11,636
1,200
11,035
139,264
**
**
94,195
500
13,462
296
592
3,431
112,475
26,789
8,881
35,821
35,534
287
---
419
944
29,657
8,881
+
tt
38,689
+
679
154
35,534
3,155
A net of $59 million of surplus reserves were eligible to be
carried forward from the week ended April 27, into the week
ending May 4.
On May 4, 1977, marketable U.S. Government securities
held in custody by the Federal Reserve Banks for foreign and
international accounts were $57,929 million, a decrease of
$47 million for the week.
Net of $696 million, daily average, matched sale-purchase
transactions outstanding during the statement week.
Excludes $1,479 million of securities sold, and scheduled to
be bought back, under matched sale-purchase transactions.
Includes $303 million securities loaned--fully secured by U.S.
Government securities pledged with 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.
Adjusted to include $151 million waivers of penalties for reserve
deficiencies in accordance with Board policy effective November 19,
1975.
*
Estimated ( Richmond District. ).
**
Estimated ( Treasury's Figures ) .
96,763
97,391
CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS
(In nr»i 11 ion.fi nf dollars)
Change
Wednesday
April 27,
May 4,**
1977
A S S E T S
1977
11,636
Gold certificate account
1,200
Special Drawing Rights certif. acct.
3
324
Coin
363
123
Loans
14
93
Acceptances—Bought outright
440
924
Held under repurchase agreements
346
7,077
Federal Agency obligations--Bought outright
258
427
Held under repurchase agreements
U.S. Government securities:
282
39,897
Bought outright—Bills
Certificates
49,632
Notes
7,234
Bonds
H.4.Ua>
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
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 ^y
Total deposits
Deferred availability cash items
Other liabilities and accrued dividends
TOTAL LIABILITIES
1/2/
(1,930)
(1,930)
( 1 )
( 1 )
(1,929)
(1,930)
C A P I T A L
A C C O U N T S
Capital paid in
Surplus
Other capital accounts
96,763
6,090
102,853
111,497
9,983
367
2,835
137,842
. 282
+2 ,895
+2 t613
+3 ,280
+ 322
+
1
- 20
+3 ,580
84,476
29,657
13,699
+ 388
+1,328
+2,376
259
544
44,159
6,063
1,062
135,760
994
983
105
since
May'5,
1976
37
+
700
+
I
82
395
698
+
470
+
355
+
+ 3,121
+ 4,691
+ 1,318
+ 9,130
+ 3,962
+13.092
+14,302
+
862
+
9
- 1,344
+14,565
+ 6,882
45
+ 7,653
7
39
- 118
+3,579
- 121
+
83
+3,929
251
+ 7,318
+
282
+
+
+
+
3
—
-
352
34
+14,448
48
54
15
* Figures in parentheses are the eliminations made in the consolidating process.
1/ Excludes $1,479 million of securities sold, and scheduled to be bought back,
under matched sale-purchase transactions.
2/ Includes $303 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.
** Estimated (Richmond District).
MATURITY DISTRIBUTION: OF LOANS AND SECURITIES. MAY 4, 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
Ql HAVQ tn
1
Federal Agency
obi1gations
Weekly
Holdings
changes
Acceptances
114
9
953
47
17
13,240
17,736
25,530
30,904
9,991
5,452
+4,757
-3,360
+1,480
- 264
—
«
TTf
319
1,106
3,490
1,372
790
+5H
+ 30
+ 14
+173
+139
+ 35
123
1,017
102,853
+2,613
7,504
+604
xroar
Over 1 year to 5 years
Over 5 years to 10 years
Over 10 years
Total
U.S. Government
securities
Holdings
Weekly
{changes
Loans
STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON May 4, 1977
H.4.1(b)
New
—.York
Philadelphia
RichCleveAtlanta
land 1** mond
(In millions of dollars)
225
24
393
42
456
46
1,299
143
24
16
43
19
32
9
2
6
11
2
•
-.-
-——
-——
-——
•""
560
62
1,736
190
469
50
38
32
28
5
1
20
--•*
-""
11,636
1,200
541
60
3,410
300
631
71
934
103
982
109
Coin
324
15
21
10
46
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
123
19
40
8
93
924
"""
93
924
—
--
1,670
427
378
9,417
San
Dallas
St.
Louis
Boston
MinneffPQllS
Kansas
City
Chicago
Total
r™n9tffqft
A S S E T S
Gold certificate account
Special Drawing Rights certif. acct.
•*™
7,077
427
331
39,897
1,864
2,129
--
--
--
--
49,632
7,234
2,319
338
11,714
1,707
Total bought outright
UV
Held under repurchase agreements
Total U.S. Government securities
Total loans and securities
96,763
6,090
102,853
111,497
4,521
--
4,521
4,871
22,838
6,090
28,928
32,082
5,163
5,549
8,100
8,697
7,712
8,277
4,777
5,146
15,501
16,644
4,106
4,408
,369
T2 ,548
3.882
4,177
4,838
5,194
12,956
13,904
Cash items in process of collection
Bank premises
Other assets 37
Interdistrict settlement account
11,913
367
2,835
-0-
311
109
97
+ 514
1,880
9
1,278
-4,232
298
57
112
- 186
+
666
24
154
331
1,524
56
156
65
1,544
14
114
- 795
1,555
16
296
- 147
510
13
89
2
508
30
52
81
926
18
79
+ 534
682
12
98
+1.265
1,509
9
310
+2,702
139,772
6,518
34,748
6,542
10,955
11,077
6,677
20,318
5,561
3 ,484
6,212
7,772
19,908
TOTAL
IV
II
2/
*
**
592
-——
564
349
1,134
300
173
284
354
——
~-
-"
--
--
--
——
3,340
3,179
1,970
6,391
1,693
977
1,601
1,994
--
--
—
—
—
—
—
2,648
386
4,155
605
3,956
577
2,450
357
7,951
1,159
2,106
307
1 ,215
177
1,991
290
2,482
362
6,645
969
5,163
8,100
7,712
4,777
15,501
4,106
2 ,369
3,882
4,838
12,956
—
—
--
--
••
—
--
~~
--
Excludes.$1,,479 million of securities sold,, and scheduled to be bought back, under matched sale-purchase transactions.
Includes $303 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks.
Includes assets denominated in foreign currencies.
Less than $500,000.
Estimated (Richmond District).
--
—
—
+
948
5,342
—
--
STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON May 4, 1977
H.4.1(c)
1
Total
New
York
Boston
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. Trea8ury--general account
Foreign
Other 2/
Tot a r d e po s its
Deferred availability cash items
Other liabilities and secured
dividends
TOTAL LIABILITIES
CAPITAL ACCOUNTS
Capital paid in
Surplus
Other capital accounts
TOTAL LIABILITIES AND
CAPITAL ACCOUNTS
21,791
4,684
7,364
7,572
3,221
13 ,915
3,592
1,811
3,092
3,517
9,604
704
7,306
1,107
3,196
9 1/
83
446
-1 ,426 11,031
276
1,081
896
553
10
1
1,460
257
1,688
1,151
1,680
572
18
44
l,9do
if3U
1,314
935
4 ,360
742
35
5
"5,U2
801
916
618
8
1
2,860
478
1,270
679
13
18
1,542
314
680
439
.7
1
1,127
461
1,213
997
10
1
2,221
776
2,075
1,563
13
12
3,663
431
6,869
2,082
33
16
9,000
868
42
6 ,451
325
34,228
50
6,451
77
10,779
73
10,939
50
6,520
45
5,493
25
3,424
36
6,125
45
7,656
148
19,620
994
983
105
32
35
•
251
251
18
43
43
5
85
84
7
55
54
29
77
75
5
152
148
14
33
33
2
29
29
2
42
41
4
56
55
5
139
135
14
139 ,772
6 ,518
34,748
6,542
11,077
6,677
20 318
5,561
3,484
6,212
7,772
19,908
84 ,476
29 ,657
13 ,699
259
545
~ 4 4 " ,160
7 ,992
1 ,062
T57,690
4 ,313
1 ^
10,955
146
2tf,004
*
FEDERAL RESERVE AGENTS' ACCOUNTS
F.R. notes outstanding
1 89,599" 1
Collateral for F.R. notes:
Gold certificate account
11,631
Special Drawing Rights certif. acct.
643
Acceptances
-»
U.S. Government securities
78,933
Total collateral
91,207
4,573
22,552
5,004
7,652
7,939
4,347
14,230
3,772
1,874
3,266
3,974
10,416
541
60
3,409
300
631
933
982
559
62
1,736
468
50
225
24
393
42
456
46
1,298
59
••
4,080
4,681
--
-—
-—
---
--
---
--
—
19,050
4,500
6,810
7,068
4,000
12,600
3,340
—
1,710
2,900
3,575
9,300
22,759
5,131
7,743
8,050
4,621
14,336
3,858
1,959
3,335
4,077
10,657
1/ After deducting $ 176 million participations of other Federal Reserve Banks
7/ Includes $16 million of certain deposits of foreign-owned banking institutions voluntarily held with member banks
and redeposited in full with Federal Reserve Banks.
.-
**Estimated (Richmond District),
* Less than $500,000.
--
@FedFRASER