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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release November 25, 1977 H.4.1 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 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: V 2/ 3/ 4/ 5/ * * k Averages of daily figures Week ended Change from week ended Wednesday Nov. 23,* Nov. 16 I Nov. 24, Nov. 23,* 1977 1 1976 1977 1977 273/ 1/ (In millions of dollars) 95,414 151 + 495 + 151 +3,658 -1,138 96,627 1,060 7,329 + -22 4- 458 22 18 155 __. 26 + __ 26 - 200 113 -182 881 84 + 347 + 3 + + 837 63 2,966 5,281 2,011 111,116 11,595 1,200 11,322 135,234 + 89 - 496 + 635 -.+ 15 + 651 +2,225 -1,066 +4,644 4,940 2,077 115,336 11,595 1,200 11,327 139,458 100,995 + 143 __ 33 - 43 - 57 + 142 + 152 +8,677 498 937 439 42 481 + 972 + 622 +1,497 +1,586 7,329 450 1,757 286 518 3,659 107,665 27,568 8,259 35,889 35,858 31 + + - 85 3 -+ 480 +5,122 101,460 .450 2,018 11 -4,626 + 66 - 277 + 321 +4,150 89 269 599 1 3,801 108,597 30,861 ( 8,259 39,182 35,858 3,324 A net of $176 million of surplus reserves were eligible to be carried forward from the week ended November 16, into the week ending November 23. On November 23, 1977, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $72,819 million, an increase of $1,437 million for the week. Net of $3,215 million, daily average, matched sale-purchase transactions outstanding during the statement week. Excludes $1,345 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. Includes $226 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes $14 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 $6.2 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. Estimated (Richmond District). Estimated (Treasury's figures). CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Change since Wednesday Nov. 23, Nov. 16, Nov. 24, A S S E T S 1977 1977** 1976 Gold certificate account 1,595 3 — * Special Drawing Rights certif. acct. 1,200 -— Coin + 1 296 68 Loans 2,966 4- 2,595 +2,883 Acceptances—Bought outright - 199 -— Held under repurchase agreements + 182 182 - 163 Federal Agency obligations—Bought outright 7,329 + 458 — Held under repurchase agreements 155 + 155 3 U.S. Government securities: Bought outright—Bills 8,270 + 6,682 - 132 Certificates Notes 49,616 +2,719 Bonds 8,741 +2,235 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 J./2/ (2,196) (2,196) 96,627 1,060 97,687 108,319 11,495 382 1,695 134.982 + 6,682 + 1,060 + 7,742 +10,674 - 4,406 + 1 + 27 + 6.297 +4,822 -2,709 +2,113 +5,089 +2,397 + 18 + +8,131 +1,901 -4,947 + 50 - 312 -3,308 +1,158 + 298 +6,279 +6.352 LIABILITIES Federal Reserve notes Deposits: Member bank-reserves account U«S. Treasury—general account Foreign Other * / Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 90,879 30,861 2,018 269 599 (2,196) (2,196) C A P I T A L ACCOUNTS C a p i t a l paid i n Surplus Other c a p i t a l accounts U II. II 4/ 33,747 6,555 1,378 132,559 1,024 983 416 317 + 6,935 + + + 819 1 105 + 7,860 - 1,905 93 + 6,179 + 1 + 117 + + - 50 54 31 Figures in parentheses are the eliminations made in the consolidating process. Excludes $1,865 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. Includes $226 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes assets denominated in foreign currencies. Includes $14 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. November 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 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 2,954 12 2,966 Acceptances 182 182 U.S. Government securities Holdings Weekly changes 4,2*8 +2,178 19,18-i. +8,301 -2,737 30,097 27,010 -10,222 .6,959 — 97,687 +7,742 Federal Agency obligations Weekly Holdings changes 286 +155 312 819 3,752 1,492 823 7,484 +155 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON November 23, 1977 Total 1 Boston New York Philadelnhia CleveRichland * mond Atlanta (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 ' 11,595 1,200 541 60 3,369 300 631 71 934 103 982 109 560 62 1,736 190 469 50 225 24 393 42 456 46 1,299 143 296 16 20 15 40 30 31 22 21 11 42 14 34 2,966 108 1,799 119 95 74 47 246 66 31 86 109 186 -- --- — 182 --- --- — -- --- --- --- — — — -- -— --- 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 49,616 8,741 Total bought outright 1/2/ Held under repurchase agreements Total U.S. Government securities Total loans and securities 96,627 1,060 97,687 108,319 Cash items in process of collection Bank premises Other assets 3/ Interdistrict settlement account TOTAL 1/ 2/ 3^/ * 182 7,329 155 343 1,730 155 391 614 599 362 1,174 311 179 294 366 966 — '— -- -- -- -- -- -- — — — 38,270 1,788 9,033 2,042 3,204 3,128 1,889 6,130 1,624 937 1,535 1,914 _- -_ -- -- -- — -- -- -- -- -- 2,319 408 11,710 2,063 2,647 466 4,153 732 4,056 715 2,449 432 7,949 1,400 2,106 371 1,215 214 1,990 351 2,481 437 6,541 1,152 4,515 5,155 8,089 7,899 4,770 15,479 4,101 2 ,366 3,876 4,832 12,739 — -- -- -- -- 4,515 4,966 22,806 1,060 23,866 27,732 5,155 5,665 8,089 8,798 7,899 8,572 4,770 5,179 15,479 16,899 4,101 4,478 2 ,366 2 ,576 3,876 4,256 4,832 5,307 12,739 13,891 448 111 96 - 118 1,818 10 359 11 387 56 75 - 356 549 24 124 - 19 2,100 69 240 + 96 1,582 14 102 - 704 1,746 16 195 - 480 515 13 58 - 254 572 30 40 -_ 229 1,078 18 57 - 66 867 12 113 + 56 2,029 9 236 +2,085 6,120 33,597 6,544 10,553 12,198 6,826 20,324 5,350 3 ,249 5,820 6,871 19,726 13,691 382 1,695 -0- | 137,178 -- -- — — -- — Excludes $1,865 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. Includes $226 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes assets denominated in foreign currencies. Estimated (Richmond District). 5,046 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 2 3 , H.4.1(c) Total Boston Philadelphia New York Cleveland * Richmond Atlanta 1977 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 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 90,879 4,577 23,250 4,869 7,847 8,217 3,560 15,047 3,807 1,931 3,358 3,969 10,447 30,861 2,018 269 599 33,747 8,751 1 932 7,500 429 1,879 178 24 1 1,041 371 494 8,487 956 1,097 191 12 4 1,304 208 2,081 333 1,586 172 15 16 1,789 1,847 1,890 93 21 51 2,055 979 3,800 112 41 8 3,961 775 946 112 9 1 1,068 351 609 104 8 2 723 499 1,325 124 12 2 1,463 856 1,993 148 15 7 2,163 552 7,304 257 38 13 7,612 1,024 1,378 134,755 50 6,039 283 32,976 55 6,436 88 10,349 205 12,058 60 6,654 166 19,949 43 5,269 27 3,180 42 5,719 52 6,736 307 19,390 1,024 983 416 32 35 14 266 251 104 44 43 21 87 84 33 55 54 31 77 75 20 157 148 70 32 33 16 30 29 10 43 41 17 137,178 6,120 33,597 6,544 10,553 12,198 6,826 20,324 5,350 3,249 5,820 6,871 19,726 ZT^ScT 15,350 570IO 1,979 3,6814,389 11,375 98 10 1/ ' 64 58 55 22? 143 135 58 FEDERAL RESERVE AGENTS1 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 * 4,817 24,030 541 60 3,368 300 4,250 4,851 20,650 24,318 57ZW -87TC3 3753T 632 933 103 982 109 559 62 1,736 468 50 225 24 393 42 4,700 5,332 7,210 8,246 7,500 8,591 4,000 4,621 13,800 15,536 3,550 4,068 1,810 2,059 1/ Afefer deducting $205 million participations of other Federal Reserve Banks. 2/ Includes $14 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). 456 46 1,298 59 3,300 3,925 10,100 3,735 4,427 11,457
@FedFRASER