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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release September 1, 1977 Averages of daily figures Week ended Change from week ended Wednesday August 31, Aug. 24 August 31, 1 Sept. 1, 1977 1977 1 1976 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 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: 1/ 2/ 3/ 4/ 5/ * * * 96,472 154 +310 +154 +6,047 -3,179 7,372 22 - 39 + 22 + 594 97 7,354 151 5 18 - 1 + 18 - 260 - 487 4 127 1,392 131 -273 + 15 +1,299 + 99 1,267 114 2,869 2,469 110,773 11,595 1,200 11,207 134,775 -738 + 83 -464 — .+ 11 -453 + 296 -1,188 +3,025 3 + 500 + 505 +4,029 3,649 2,462 113,450 11,595 1,200 11,210 137,455 97,470 450 5,853 367 604 3,541 108,284 -249 + 16 -418 + 42 + 5 +172 -433 +8,197 + 27 -4,273 + 108 - 641 + 3 +3,420 97,982 450 6,115 535 679 3,623 109,384 26,491 8,764 35,348 34,969 379 - 20 +542 +522 +180 +342 + 607 + 747 +1,296 +1,207 + 89 28,071 8,764 36,928 34,969 1,959 ! 97,357 1,079 j A net of $20 million of surplus reserves were eligible to be carried forward from the week ended August 24, into the week ending August 31. On August 31, 1977, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $60,717 million, an increase of $361 million for the week. Net of $1,915 million, daily average, matched sale-purchase transactions outstanding during the statement week. Excludes $1,341 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. Includes $100 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes $11 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 $93 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) Wednesday Change since August 31, August 24, September 1, 1977 1976 1977 A S S E T S -11,595 3 Gold certificate account — + 500 * 1,200 Special Drawing Rights certif. acct. 78 9 284 Coin -1,056 + 996 1,267 Loans - 254 2 4 Acceptances--Bought outright - 483 127 + 127 Held under repurchase agreements + 576 57 7,354 Federal Agency obligations--Bought outright - 69 4- 151 151 Held under repurchase agreements U.S. Government securities: +2,526 40,021 +2,717 Bought outright—Bills Certificates +3,048 48,963 Notes +1,962 8,373 Bonds 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 (1,832) 97,357 1,079 98,436 107,339 9,522 (1,832) 2,085 132,402 1/2/ 377 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 87,506 28,071 6,115 535 679 kj Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES (1,832) (1,832) C A P I T A L A C C O U N T S . Capital paid in Surplus Other capital accounts 35,400 5,873 1,089 129,868 +2,526 +1,079 +3,605 +2,768 + 785 + 2 + 72 +3,618 +7,727 -4,575 +3,152 +3,918 + 981 + 27 -2,093 +3,252 + 207 +3,107 - 447 + 184 + 147 +2,991 + 232 + 70 +3,500 +7,764 - 170 -3,844 + 319 -1,548 -5,243 + 518 + 52 +3,091 •>_ -- 1,011 983 540 + 118 + + + , 46 54 61 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Excludes $1,341 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $100 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. 4/ Includes $11 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. August 31, 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 1,224 43 TTT 1,267 131 4 U.S. Government securities Holdings Weekly changes 3,989 +2,257 18,881 +1,152 30,774 + 246 27,750 50 10,451 — 6,591 z z 98,436 +3,605 Federal Agency obligations Holdings Weekly changes 305 +119 209 - 58 915 - 64 3,711 + 67 1,542 + 30 823 ^ 7,505 + 94 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON August 31, 1977 Total Boston A S S E T S 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 \J 2/ J3/ CleveRichAtlanta land | mond ____ (In millions of dollars) Chicago St. Louis Minneapolis San Dallas Francisco. 541 60 3,369 300 631 71 934 103 982 109 560 62 1,736 190 469 50 225 24 393 42 456 46 1,299 143 284 11 18 13 41 31 28 20 20 14 42 13 33 128 170 9 247 143 66 57 19 77 131 49 -__ --- --- -» -_ 312 180 295 — -- 6,411 1,699 980 1,606 2,001 -7,844 __ 2,078 — 1,199 — 1,964 — 2,448 1,341 355 205 336 419 6,556 1,121 13,035 1,267 i 4 127 1 1 j j 4 127 7,354 151 344 40,021 1,870 -• - - 615 -- — -- 9,446 2,135 3,350 3,189 — 2,612 -4,098 -3,902 -- 586 -- --_ 363 — 1,976 — 1,178 -- -- -_368 -- — -985 -5,358 -- 447 701 668 2,417 413 5,194 8,149 7,759 4,806 15,596 4,132 2,384 3,906 4,868 4,549 5,064 22,979 1,079 24,058 26,204 5,194 5,756 -15,596 -. 4,132 ._ 2,384 -3,906 -4,868 8,773 7,759 8,592 -4,806 5,312 16,840 4,501 2,583 4,278 5,367 13,035 14,069 292 111 61 + 82 2,000 10 963 + 556 319 56 80 - 352 519 25 99 - 245 1,767 64 105 - 201 1,173 14 96 - 476 1,363 16 188 + 477 438 12 56 - 348 514 30 41 - 93 989 18 51 + 146 680 12 60 •f 112 1,300 9 285 •f 342 6,222 33,420 6,574 10,249 11,449 6,769 20,830 5,198 3,338 5,959 6,746 17,480 11,557 1,976 97,357 1,079 98,436 107,339 4,549 134,234 --- 392 2,288 391 -o- --- 1,736 151 48,963 8,373 — 11,354 377 2,085 1 171 -- -. 8,149 -- -- 1 Excludes $1,341 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. Includes $100 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes assets denominated in foreign currencies. Kansas City i 11,595 1,200 -- Cash items in process of collection Bank premises Other assets 3/ Interdistrict settlement account TOTAL Philadelphia •* Gold certificate account Special Drawing Rights certif. acct. Total bought outright J./2/ Held under repurchase agreements Total U.S. Government securities Total loans and securities New York STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 31, 1977 H.4.1(c) Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis 1Minneapolis 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 87,506 4,387 22,502 4,689 7,584 7,859 3,333 14,471 3,647 1,846 3,192 3,829 10,167 28,071 6,115 535 679 35,400 7,705 6,976 1,048 1,105 407 360 8 H 1 523 8,964 1,464 1,067 235 990 528 10 3 1,531 185 1,509 469 20 2 2,000 369 1,338 497 13 11 1,859 1,506 1,826 506 18 40 2,390 795 4,465 486 35 69 5,055 763 800 313 8 1 1,122 302 730 252 7 1 990 406 1,319 461 10 2 1,792 830 1,860 356 13 12 2,241 489 5,210 735 33 14 5,992 758 1,089 131,700 48 6,134 253 32,786 52 6,457 80 10,033 75 11,299 74 6,592 153 20,442 40 5,111 24 3,266 39 5,853 47 6,606 204 17,121 1,011 983 540 32 35 21 257 251 126 44 43 30 86 84 46 55 54 41 77 75 25 154 148 86 33 33 21 30 29 13 43 41 22 58 55 27 142 135 82 134,234 6,222 33,420 6,574 10,249 11,449 6,769 20,830 5,198 3,338 5,959 6,746 17,480 FEDERAL RESERVE AGENTS' 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 93,289 4,677 23,210 5,172 7,883 8,262 4,491 15,013 3,924 1,955 3,471 4,189 11,042 11,591 752 541 60 3,368 300 632 933 982 109 559 62 1,736 --- 468 50 225 24 393 42 456 46 1,298 59 7,010 7,943 -- -- -- --- 82,135 94,478 4,120 4,721 19,750 23,418 4,600 5,232 -- -- --- 7,220 8,311 4,000 4,621 13,400 15,136 2/ Includes $11 million of certain deposits of foreign-owned banking institutions voluntarily held with member banks and redeposited in full with Federal Reserve Banks. -- -- -- -- 3,500 4,018 1,810 2,059 3,100 3,535 3,725 4,227 — 9,900 11,257
@FedFRASER