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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release October 20 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: Averages of daily figures Week ended Change from week ended Wednesday Oct. 19, Oct. 12 > 1 Oct. 20, Oct. 19, 1977 1977 1 1976 1977 1/ (In millions of dollars) 2/3/ 96,402 + - 519 434 45 + - 572 34 7,329 - 55 - 196 48 4 + 810 +1,813 + 83 3,551 103 + 592 + 17 +1,403 + 929 -1,316 +4,740 3 - 4,366 2,305 111,833 11,595 1,200 11,273 135,901 7,329 4 1,861 112 4,399 2,327 112,321 11,595 1,200 11,271 136,387 * * 99,176 450 4,704 327 617 3,426 108,700 27,688 8,620 36,382 36,278 104 + +4,099 -1,079 4 + 485 +1,406 +5,222 + + + +_ 129 18 816 60 254 117 +8 632 - 41 -3, 695 + 36 - 746 393 108 +4,648 +2,154 - 583 +1,498 +1,628 - 130 + 575 +1,201 +1,696 +1,691 + 5 94,278 99,240 450 5,215 243 562 3,466 109 ,176 26,726 8,L62Q 35,420 36,278 858 A net of $67 million of surplus reserves were eligible to be carried forward from the week ended October 12, into the week ending October 19. On October 19, 1977, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $67,050 million, an increase of $1,313 million for the week. 1/ Net of $3,961 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $5,911 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $183 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 4/ Includes $13 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 $74 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. * Estimated (Treasury's figures). H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Change since Wednesday Oct. 12, Oct. 20, Oct. 19, A S S E T S 1976 1977 1977 Gold certificate account 11,595 3 -Special Drawing Rights certif. acct. * 1,200 — -Coin 303 + 4 - 67 Loans 3,551 +2,864 +3,469 Acceptances--Bought outright 4 - 195 — Held under repurchase agreements - 149 - 112 .Federal Agency obligations—Bought outright 7,329 + 572 — Held under repurchase agreements - 60 - 110 — U.S. Government securities: Bought outright—Bills 35,921 -3,459 -4,154 Certificates Notes 49 ,856 +2,959 Bonds 8 ,501 +1,995 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 LI.ABILITI.ES Federal Reserve notes Deposits: Member bank-reserves account U.S. Treasury—general account Foreign Other _V Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES \jy (2,005) (2,005) (2,005) (2,005) C A P I T A L ACCOUNTS. Capital paid in Surplus Other capital accounts 94 ,278 94 ,278 105,162 10,908 380 1,925 131,473 -3,459 - 483 .-3,942 -1,287 - 896 + 1 + 80 -2,098 + 800 -2,396 -1,596 +2,028 +1,104 + 21 -1,718 +1,365 88,719 26,726 5,215 243 562 32,746 6,542 1,097 129,104 - 329 -1,476 + 585 4 - 148 -1,043 - 888 37 + -2,223 +8,121 -3,818 -2,861 13 - 984 -7,676 + 851 29 +1,267 + + + 1,019 983 367 3 — + 122 45 54 1 * 1/ Figures in parentheses are the eliminations made in the consolidating process. Excludes $5,911 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. y Includes $183 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. _3/ Includes assets denominated in foreign currencies. 4/ Includes $13 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. October 19, 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 3,525 26 3,551 Acceptances Federal Agency U.S. Government obligations securities Weekly Holdings Holdings Weekly changes changes 3,955 - 696 117 - 17 14,069 -3,989 326 - 43 + 28 848 30,878 + 743 - 28 28,110 -- 3,704 10,547 -- 1,511 _6,719 823 -— -3,942 7,329 - 60 94,278 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON October 19, 1977 New York Philadelphia CleveRichland mond Atlanta (In millions of dollars) St. Louis Minneapolis Kansas City San Dallas Francisco Total Boston 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 1,299 143 303 13 21 15 41 30 32 22 22 12 42 14 39 3,551 153 1,152 67 93 247 219 402 148 29 173 298 570 4 -__ 4 -- -- --- --- --- --- --- --- __ -- --- --- --- 75329 343 1,730 391 614 584 362 1,174 311 179 294 366 981 -- -- -- -- -- -- -- -- -- -- -- -- -- 35,921 1,679 8,479 3,007 2,863 1,773 5,754 1,524 879 1,441 1,796 4,810 -- -- -- -- -- -- -- -- -- -- -- -- -- 49,856 8,501 2,330 397 11,767 2,006 2,660 454 4,173 712 3,973 677 2,461 420 7,987 1,362 2,116 361 1 ,221 208 2,000 341 2,493 425 6,675 1,138 94,278 4,406 22,252 5,030 7,892 7,513 4,654 15,103 4,001 2 ,308 3,782 4,714 12,623 -- -- -- -- -- -- -- -- -- -- -- -- Chicago ASSETS 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 1/2/ Held under repurchase agreements Total U.S. Government securities Total loans and securities 1,916 -- 94,278 105,162 4,406 4,902 22,252 25,138 5,030 5,488 7,892 8,599 7,513 8,344 4,654 5,235 15,103 16,679 4,001 4,460 2,,308 2 ,516 3,782 4,249 4,714 5,378 12,623 14,174 12,913 380 1,925 -0- 457 111 86 - 6 1,660 10 435 +2,307 371 56 100 - 400 601 24 140 + 22 1,960 67 149 + 115 1,378 14 131 - 763 1,796 16 262 - 745 589 13 76 - 376 578 30 45 - 150 982 18 68 + 38 779 12 86 + 2 1,762 9 347 44 19,956 5,303 10,464 11,756 6,649 33,240 6,332 133,478 6,164 TOTAL 17 Excludes $5,911 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $183 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. 3 ,280 5,832 6,773 17,729 Cash items in process of collection Bank premises Other assets 3/ Interdistrict settlement account STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 19, 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 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 CAPITAL ACCOUNTS 88,719 4,464 22,811 4,716 7,720 7,965 3,318 14,827 3,696 1,872 3,253 3,871 10,206 26,726 5,215 243 562 32,746 8,547 913 350 10 2 1,275 297 6,924 1,009 1/ 38 459 8,430 1,145 904 331 12 1 1,248 208 1,440 614 24 1,795 350 21 47 2,213 890 3,066 634 41 7 3,748 857 808 301 9 2,078 381 1,455 386 15 16 1,872 1,697 1,118 367 622 178 8 2 810 505 1,346 263 12 1 1,622 818 1,818 362 15 14 2,209 511 5,635 437 38 13 6,123 871 1,097 131,109 49 6,085 248 32,634 53 6,225 85 10,264 86 11,620 58 6,479 161 19,593 42 5,223 25 3,212 40 5,733 50 6,641 200 17,400 1,019 983 367 32 35 12 262 251 93 44 43 20 87 84 29 55 54 27 77 75 18 156 148 59 33 33 14 30 29 9 43 41 15 58 55 19 142 135 52 133,478 6,164 33,240 6,332 10,464 11,756 6,649 19,956 5,303 3,280 5,832 6,773 17,729 * FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 3,902 1,942 11,108 15,154 23,618 5,105 8,006 8,347 4,440 3,558 4,268 94,139 4,691 Collateral for F.R. notes: 1,736 468 456 1,298 559 393 3,368 632 933 11,591 541 225 982 Gold certificate account 46 59 62 50 300 103 42 855 60 109 24 -Special Drawing Rights certif. acct. Acceptances 9,900 13,600 3,500 1,810 3,200 7,010 7,320 4,000 3,825 4,600 4,170 20,150 U.S. Government securities Total collateral 4,771 23,818 5,232 8,046 8,411 4,621 15,336 4,018 2,059 3,635 4,327 11,257 * Less than $500,000. ~"~ ~ """" ~ 1/ After deducting $205 million participations of other Federal Reserve Banks. 2/ Includes $13 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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