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FEDERAL RESERVE '•.f^S^: Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release September 29, 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 Sept. 28, Sept. 21, Sept. 29, Sept. 28, 1977* 1976 1977 1977* TJ (In millions of dollars) 2/ 3/ 99,354 3,506 +2,631 +3,506 +7,859 -1,165 99,595 4,680 7,329 225 + 225 572 79 7,329 351 4 258 + 258 211 130 4 432 719 116 + 19 6 632 82 1,292 116 -1,422 - 108 +5,071 461 882 +7,215 3 + 500 + 489 +8,201 3,711 2,880 120,274 11,595 1,200 11,246 144,315 +8,288 24 - 214 + 126 - 311 + 91 +7,957 98,049 450 11,197 300 769 3,682 114,447 245 749 +1,022 +1,003 + 19 29,868 9,109 39,165 35,381 3,784 2,875 2,793 117,063 11,595 1,200 11,242 141,100 97,690 450 12,089 346 603 3,620 114,799 26,302 9,109 35,599 35,381 218 + 13 +5,084 - 447 +5,901 + 63 - 130 + 75 +5,464 379 920 + + + 640 453 187 A net of $1 million of deficit reserves were eligible to be carried forward from the week ended September 21, into the week ending September 28. On September 28, 1977, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $62,807 million, a decrease of $104 million for the week. 1/ 2/ 3/ 4/ 5/ Net of $868 million, daily average, matched sale-purchase transactions outstanding during the statement week. Excludes $713 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. Includes $240 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes $13 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 $188 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19 1975. Estimated (San Francisco District). Estimated (Treasury's figures). Partially estimated for all Federal Reserve Districts. CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since Sept. 21, Sept. 29, Sept. 28, 1976 1977 1977** A S S E T S 1,595 Gold certificate account 3 -Special Drawing Rights certif. acct. * 1,200 -+ 500 Coin 294 + 3 - 71 Loans 1,292 -1,414 + 966 Acceptances—Bought outright 4 — - 208 432 Held under repurchase agreements + 432 - 75 Federal Agency obligations—Bought outright 7,329 -+ 572 Held under repurchase agreements 351 + 351 + 56 U.S. Government securities: Bought outright—Bills 1,758 +2,717 +3 ,386 Certificates 49,423 Notes +2,941 8,414 Bonds +1,949 K.4.!(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 jty TOTAL ASSETS 99,595 4,,680 104,275 +2,717 +4,680 +7,397 +8,276 -3,225 +5,051 (2,065) 113,683 9,554 378 2,502 +6,766 -1,114 — + 184 +6,362 +1,473 + 24 - 893 (2,065) 139,206 +5,839 +7,392 87,547 29,868 11,197 300 769 - 38 +4,941 +1,394 + 51 + 12 +7,745 + 152 -1,015 + 55 - 151 42,134 5,843 1,188 136,712 +6,398 - 808 + 157 +5,709 - 959 + 573 60 +7,299 1/2/ 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 (2,065) Deferred availability cash items Other liabilities and accrued dividends (2,065) TOTAL LIABILITIES C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts 1 + 1,013 983 498 -+ 129 + + - 48 54 9 * Figures in parentheses are the eliminations made in the consolidating process. ** Estimated (San Francisco District). \_l Excludes $713 million of securities sold, and scheduled tc be bought back, under matched sale-purchase transactions. 2/ Includes $240 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. September 28, 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 1,265 27 1,292 Acceptances 432 4 436 U.S. Government securities Holdings Weekly changes 8,597 19,027 31,415 28,097 10,507 6,632 104,275 I +5,528 + 981 + 888 Federal Agency obligat ions Holdings Weekly changes 376 + 351 .— -- 346 893 3,679 1,563 823 +7,397 7,680 + 351 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON September 28, 1977 Total Boston New York Philadelphia Cleve- Richmond Atlanta (In millions of dollars) land J Chicago St. Louis Minneapolis Kansas City San * Dallas Franc is co. 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 1,299 143 294 12 21 13 41 30 29 21 21 13 42 13 33 1,292 179 45 127 60 175 81 119 168 22 122 55 139 "" "" "" "" "" "" ~~ 614 584 362 1,174 311 179 294 366 981 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 -- -- 49,423 8,414 Total bought outright lAf*/ Held under repurchase agreements Total U.S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets ^.' Interdistrict settlement account TOTAL \J 2/ 3/ * 4 432 4 432 7,329 351 343 41,758 1,951 "" — "" 1,730 351 391 9,856 2,228 3,496 3,328 2,062 6,689 -- -- -- -- -- -- 2,310 393 11,665 1,986 2,637 449 4,137 704 3,939 670 2,440 415 99,595 4,680 104,275 113,683 4,654 8,337 7,937 4,917 4,654 5,176 23,507 4,680 28,187 30,749 5,314 -- 5,314 5,832 8,337 9,011 7,937 8,696 4,917 5,360 15,954 17,247 4,226 4,705 2,438 2,639 3,996 4,412 4,980 5,401 13,335 14,455 11,619 378 2,502 -0- 352 111 79 • 166 1,616 10 1,064 -1,103 357 56 86 - 506 502 24 139 - 198 1,903 65 143 - 222 1,138 14 145 - 714 1,400 16 242 - 588 573 13 69 - 219 513 30 41 - 13 898 18 63 + 739 752 12 81 + 1,168 1,615 9 350 +1,822 6,165 36,026 6,540 10,556 11,706 6,594 20,264 5,681 3,472 6,607 7,929 19,731 141,271 "" __ " -- , •"*" 1,022 1,675 2,088 -- -- -- -- 7,917 1,348 2,097 357 1,210 206 1,983 338 2,471 421 6,617 1,127 15,954 4,226 2,438 3,996 4,980 13,335 ~~ __ ~~ Excludes $713 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. Includes $240 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). 1,772 - • - — 5,591 -- ~- STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON September 28, 1977 K.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/ TotaF 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 87,547 4,384 22,511 4,609 7,576 7,889 3,365 14,583 3,645 1,853 3,206 3,841 10,085 29,868 11,197 300 769 42,134 7,908 894 462 13 1,014 483 12 30 1,539 224 1,829 463 24 1,366 280 7,468 3,387 1/ 95 593 11,543 996 2,316 366 1,526 407 15 20 1,963 1,623 1,616 507 21 46 2,190 805 3,687 634 41 48 4,410 728 798 719 9 4 1,530 378 743 293 8 2 1,046 477 1,167 1,301 12 2 2,482 775 2,152 1,211 15 9 3,387 512 6,974 1,330 38 15 8,357 .744 1,188 138,777 51 6,081 343 35,393 55 6,427 85 10,343 80 11,560 58 6,418 160 19,881 43 5,596 26 3,402 40 6,503 50 7,790 197 19,383 1,013 983 498 32 35 17 262 251 120 44 43 26 86 34 43 55 54 37 77 75 24 154 148 81 33 33 19 30 29 11 40 41 23 58 55 26 142 135 71 141,271 6,165 36,026 6,540 10,556 11,706 6,594 20,264 5,681 3,472 6,607 7,929 19,731 -- — FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 93,780 Collateral for F.R. notes: 11,591 Gold certificate account 855 Special Drawing Rights certif. acct. Acceptances U.S. Government securities 82,885 Total collateral _._95J331_ 1/ 2/ 4,690 23,395 5,124 7,892 8,324 4,531 15,011 3,917 1,948 3,529 4,272 11,147 541 60 3,368 300 632 933 103 982 109 559 62 1,736 468 50 225 24 393 42 456 46 1,298 59 4,170 19,950 7,010 7,320 4,000 13,600 3,500 1,810 3,200 3,825 9,900 4,771 23,618 4,600 5,232 8,046 8,411 4,621 15,336 4,018 2,059 3,635 4,327 11,257 After deducting $205 million participations of other Federal Reserve Banks. 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).
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