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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release October 6, 1977 Averages of daily figures Week ended Change from week ended Wednesday Sept. 28, 1 Oct. 6, Oct. 5, Oct. 5, 1977 »1 1976 1 1977* 1977* 1/ (In millions of dollars) 2/3/ Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U.S. Government securities-Bought outright--System account Held under repurchase agreements Special Certificates Federal Agency oblications-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 99,743 2,753 1,429 ** ** + 389 - 753 +1,429 + 8,792 - 1,446 + 1,429 98,742 1,262 -- 7,329 271 + -46 + + 572 5 7,329 132 4 362 + -_ 104 _ - 199 67 * 84 883 117 + + 164 1 + + 782 82 ! 468 99 3,323 2,748 118,845 11,595 1,200 11,248 142,887 + 238 62 +1,555 --. + 6 +1,559 + 666 - 1,125 + 9,409 3 + 400 + 488 +10,293 4,428 2,733 115,182 11,595 1,200 11,250 139,227 98,118 450 12,622 327 730 3,586 115,832 + + + + 8,380 49 + 989 + 54 309 + 203 + 9,267 98,706 450 6,521 298 561 3,299 109,835 404 19 533 19 + 127 36 +1,027 Member bank reserves: With Federal Reserve Banks Currency and coin Total reserves held 5/ Required reserves Excess reserves 5/ 27,055 + 532 + 1,027 29,393 8,992 + - 117 734 8,992 + 1,780 36,213 + 393 38,551 35,817 + 436 + 1,718 ' 35,817 396 + 62 43 2,734 A net of $121 million of surplus reserves were eligible to be carried forward from the week ended September 28, into the week ending October 5. On October 5, 1977, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $64,546 million, an increase of $1,739 million for the week. NOTE: 1/ "~ 2/ Net of $1,317 million, daily average, matched sale-purchase transactions outstanding during the statement week. Excludes $2,210 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $223 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 $166 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. * Estimated (San Francisco District). ** Estimated (Treasury's Figures). CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since Oct. 6, Sept. 28, Oct. 5, 1977 1976 1977** ASSETS 3 11,595 Gold certificate account _. + 400 1,200 Special Drawing Rights certif. acct. * 68 + 3 297 Coin + 412 - 824 468 Loans -. 195 4 Acceptances—Bought outright 97 - 348 84 Held under repurchase agreements -~ + 572 7,329 Federal Agency obligations—Bought outright + 49 - 219 132 Held under repurchase agreements U.S. Government securities: + 8,283 -1,373 40,385 Bought outright—Bills Certificates + 2,959 I- 433 49,856 Notes + 1,995 h 87 8,501 Bonds 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 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 4/ Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 1/2/ (2,036) (2,036) (2,036) (2,036) C A P IT A L A C C O U N T S . Capital paid in Surplus Other capital accounts 98,742 1,262 100,004 108,021 10,957 379 2,354 134,803 - 853 -3,418 -4,271 -5,662 +1,379 + 1 - 270 -4,549 +13,237 545 +12,692 +13,433 + 1,541 + 23 - 1,164 +14,162 88,203 29,393 6,521 298 561 36,773 6,528 1,115 132,619 + 625 - 475 -4,676 + 7,694 + 6,551 975 + 46 337 + 5,285 + 920 + 125 +14,024 ,016 983 185 r 2 - 208 -5,361 + 584 87 -4,239 + 3 --. - 313 + + + 50 54 34 * ** 1/ Figures in parentheses are the eliminations made in the consolidating process. Estimated (San Francisco District). Excludes $2,210 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $223 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 5r 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 424 44 --. -— 468 Acceptances 84 4 -— --88 U.S. Government securities Holdings Weekly changes 5,670 -2,927 17,664 -1,363 - 121 31,294 28,110 + 13 + 40 10,547 6,719 + 87 100,004 -4,271 Federal Agency obligations Holdings Weekly changes -169 207 369 + 23 - 73 820 . -3,679 -1,563 — 823 -219 7,461 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON October 5, 1977 H.4.1(b) St. Louis Minneapolis 1,736 190 469 50 225 24 393 42 456 46 1,299 143 30 21 20 13 42 13 39 42 131 59 47 20 54 68 2 --- "__ --~ --- -~~ -~- --- --- --- 391 614 584 362 1,174 311 179 294 366 981 '-- -- -- -- -- -- -- -- — -- 9,533 2,154 3,381 3,219 1,994 6,469 1,713 988 1,620 2,019 5,408 -- -- -- — — -- — -- -- -- -- 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 4,614 23,306 5,268 8,266 7,869 4,875 15,818 4,190 2,417 3,961 4,937 13,221 -- M62 -- -- **- -- -- -- -- -- -- Total Boston New York Philadelphia 11,595 1,200 541 60 3,369 300 631 71 Coin 297 13 21 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 468 11 4 84 CleveRichland mond Atlanta (In millions of dollars) Chicago Kansas City 934 103 982 109 560 62 14 41 30 19 10 5 --- 4 84 — -- 7,329 132 343 -- 1,730 132 40,385 1,887 -- -- 49,856 8,501 98,742 1,262 100,004 108,021 4,614 4,968 24,568 26,537 5,268 5,669 8,266 8,885 7,869 8,495 4,875 5,368 15,818 17,051 4,190 4,548 2,417 2,616 3,961 4,309 4,937 5,371 13,221 14,204 12,993 379 2,354 -0- 371 111 78 - 253 2,187 10 1,004 +3,037 348 56 90 - 494 482 24 132 - 242 2,131 66 134 - 183 1,442 14 119 - 947 1,757 16 250 - 817 488 13 72 - 344 527 30 41 + 13 1,088 18 60 - 210 690 12 76 + 63 1,482 9 298 + 377 136,839 5,889 36,465 6,385 10,359 11,764 6,648 20,204 5,316 3,489 5,742 6,727 17,851 San * Dallas Francisco A S S E T S 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 1/ 2/ 3/ * Excludes $2,210 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. Includes $223 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes assets denominated in foreign currencies. Estimated (San Francisco District). -- H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON 1 * Total OCTOBER 5, 1977 • 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 j | 10,146 88,203 4,407 22,651 4,660 7,638 7,955 3,394 14,707 3,685 1,854 3,235 3,871 29,393 6,521 298 561 36,773 8,564 741 314 10 1 1,066 299 8,692 2,635 1/ 93 451 11,871 1,134 920 407 12 1 1,340 241 1,743 325 24 1 2,093 365 1,365 474 15 21 1,875 1,735 1,751 180 21 47 1,999 1,035 3,697 356 41 8 4,102 916 772 386 9 1 1,168 350 813 248 8 2 1,071 472 1,198 364 12 1 1,575 802 1,873 304 15 17 2,209 478 5,828 528 38 10 6,404 737 1,115 134,655 49 5,821 260 35,916 51 6,292 82 10,178 82 11,647 61 6,489 157 19,882 43 5,246 30 3,427 40 5,652 49 6,607 211 17,498 1,016 983 185 32 35 1 262 251 36 44 43 6 86 84 11 55 54 8 77 75 7 154 148 20 33 33 4 30 29 3 43 41 6 58 55 7 142 135 76 136,839 5,889 36,465 6,385 10,359 11,764 6,648 20,204 5,316 3,489 5,742 6,727 17,851 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 1 Collateral for F.R. notes: Gold certificate account Special Drawing Rights certif. acct. Acceptances U.S. Government securities Total collateral 93,777 r4,683 23,445 5,112 7,881 8,311 4,498 15,054 3,908 1,943 3,547 4,264 11,131 541 60 3,368 300 632 982 109 559 62 1,736 -- 933 103 468 50 225 24 393 42 456 46 1,298 59 82,885 4,170 19,950 4,600 7,010 7,320 8,411 4,000 4,621 11,591 855 -- — «« -- 13,600 3,500 15,336 4,018 -. 1,810 2,059 -3,200 3,635 — 3,825 4,327 8,046 5,232 23,618 35,311 .1/ After deducting $205 million participations oi^other Federal ^Reserve Banks. 2V Includes $13 million of certain deposits of foreign-owned banking institutions voluntarily held with member banks and redeposited in full with ~" Federal Reserve Banks. * Estimated (San Francisco District). 4J71 9,900 11,257
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