H.4.1 Factors Affecting Reserve Balances of Depository Institutions

i Si FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release March 4, 1976 Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, March 3, Feb. 25 , 1 March 5, March 3, and related items 1976 1976 1 1975 1976 Reserve Bank credit: 1/ (In milli ons of dollars) II U.S. Government securities-- Bought outright--System account 87,596 + 334 + 8,318 87,680 Held under repurchase agreements 2,148 T 767 + 1,053 2,329 Federal Agency obligations-- Bought outright 6,565 + 254 + 1,636 6,607 Held under repurchase agreements 95 - 27 - 108 100 Acceptances-- Bought outright 668 25 1 645 ^eld under repurchase agreements 480 + 138 + 302 482 Loans-- Total member bank borrowing 84 = 64 + 14 317 Includes seasonal borrowing of: 8 - 2 1 9 Other borrowing Float 2,134 808 + 468 3,149 Other F.R. assets 3.081 + 122 + io 3.153 Total Reserve Bank credit 102,850 - 844 +11,691 104,462 Gold Stock 11,599 —— 22 11,599 Special Drawing Rights certif. acct. 500 —— + 100 500 Treasury currency outstanding 10,371 + 102 + 1.019 10.427 125,321 - 741 +12,789 126,988 Currency in circulation 84,106 + 45 + 7,084 84,607 Treasury cash holdings 500 - 21 + 245 500 Treasury deposits with F.R. Banks 9,911 - 872 + 7,066 9,820 Foreign deposits with F.R. Banks 312 + 34 28 233 Other deposits with F.R. Banks 3/ 813 + 121 175 690 Other F.R. liabilities and capital 3.289 - 98 + 51 2.994 98,931 - 751 +14,243 98,844 Member bank reserves: With Federal Reserve Banks 26,389 + 9 - 1,4?6 28,144 Currency and coin 7.573 + 428 + 623 7.573 Total reserves held 4/ 34,102 + 438 693 35,857 Required reserves 33,677 - 93 709 33,677 Excess reserves 4/ 425 + 531 16 2,180 NOTE: A net of $26 million of deficit reserves were eligible to be carried forward from the week ended February 25, intq the week ending March 3. On March 3, 1976, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $44,785 million, an increase of $46 million for the week. 1J Net of $132 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Includes $250 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes $10 million of certain deposits of foreign-owned banking institutions held with member banks and redeposited in full with Federal Reserve Banks in connection with voluntary participation by non-member institutions in the Federal Reserve System's program of credit; restraint. 4/ Adjusted to include $140 million waivers of penalties for reserve deficiencies in accordance with Regulation D change effective November 19, 1975. Digitized for F*R AESsEtRi mated (Treasury's figures). http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF .ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since March 3, February March 5, 1 A S S E TS 1976 25, 1976 1975 Gold certificate account 11,599 mm mm 21 1 Special Drawing Rights certif. acct * 500 mm mm + 100 Cash (2,136) 399 - 6 + 46 Loans 317 - 371 + 259 Acceptances--Bought outright 645 - 40 31 Held under repurchase agreements 482 - 29 + 482 Federal Agency obligations—Bought outright 6,607 + 297 + 1,624 Held under repurchase agreements 100 - 134 + 100 U.S. Government securities: Bought outright--Bills 37,321 + 441 + 3,052 Certificates "* •» *m mm Notes 44,505 mm mm + 4,010 Bond s 5,854 -- + 2,319 Total bought outright y 87,680 + 441 + 9,381 Held under repurchase agreements 2,329 -3 ,442 + 2.329 Total U.S. Government securities 90,009 -3 ,001 +11,710 Total loans and securities 98,160 -3 ,278 +14.144 Cash items in process of collection (1,894) 8,555 + 830 + 501 Bank premises 328 — — + 56 Operating Equipment 16 w mm + 16 Other assets 2/ 2,809 + 132 75 TOTAL ASSETS (4,030) 122,366 -2 ,322 +14,767 L I A B I L I T I ES Federal Reserve notes (2,136) 75,079 + 287 + 6,332 Deposits: Member bank-reserves account 28,144 -1 ,241 164 U.S. Treasury--general account 9,820 -1. ,016 + 8,864 Foreign 233 - 28 44 Other 3/ 690 - 285 177 Total deposits 38,887 -2, ,570 + 8,479 Deferred availability cash items (1,894) 5,406 + 402 87 Other liabilities and accrued dividends 1,059 106 13 TOTAL LIABILITIES (4,030) 120,431 -1, ,987 +14,711 C A P I T AL A C C O U N TS Capital paid in 939 + 42 Surplus 929 + 32 Other capital accounts 67 - 335 18 Contingent liability on acceptances purchased, for foreign correspondents 113 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Includes $250 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 2/ Includes assets denominated in foreign currencies. 3/ Includes $10 million of certain deposits of foreign-owned banking institutions held with member banks and redeposited in full with Federal Reserve Banks in connection with voluntary participation by nonmember institutions in the Federal Reserve System's program of credit restraint. MATURITY DISTRIBUTION: OF LOANS AND SECURITIES« MARCH 3, 1976 maturing within 15 davs in accordance vf rith maximum maturity of the agreements.) U.S. Government Federal Agency LLooaannss Accept- securities obligations ances Holdings Weekly Holdings Weekly changes changes Within 15 days 309 593 7,421 -2,755 163 -163 16 days to 90 days 8 152 17,494 + 339 209 + 74 91 days to 1 year • -- 382 22,389 464 904 + 31 Over 1 year to 5 years - - -- 30,734 - 121 3,419 +149 Over 5 years to 10 years ^ -- -- 7,557 mm • 1,364 + 62 Over 10 years -- — . 4,414 mm * 648 + 10 Total 317 1,127 90,009 -3,001 6,707 +163 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MARCH 3, 1976 H.4.1(b) New Phila- Cleve- Rich- St. Minne- Kansas San Total Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas Francisco (In millions of dollars) A S S E TS Gold certificate account 11,599 530 3,330 668 888 981 611 1,768 449 206 419 422 1, 327 Special Drawing Rights certif. acct. 500 24 124 31 43 45 28 79 20 10 18 19 59 F.R. notes of other banks 2,136 101 449 224 132 173 311 94 29 31 40 141 411 Other cash 399 25 32 9 55 44 46 34 28 15 48 17 46 Loans 317 -- 217 8 1 — 8 77 1 1 4 — — Acceptances: Bought outright 645 645 #»#* mm mm —— —— — — -- -- -- — Held under repurchase agreements 482 — 482 — — -- "" Federal Agency obligations- Bought outright 6,607 307 1,586 388 522 534 345 995 252 144 270 338 926 Held under repurchase agreements 100 — 100 U.S. Government securities: " Bought outright— Bills 37,321 1,735 8,956 2 ,192 2,949 3., 016 1,948 5,621 1,422 815 1,526 1,908 5,, 233 Certificates Notes 44,505 2,069 10,680 2 ,613 3,516 3 ,596 2,324 6,704 1,696 972 1,819 2,275 6 ,241 Bonds 5,854 272 1,405 344 462 473 306 882 223 128 239 299 821 Total bought outright 1/ 87,680 4,076 21,041 5 ,149 6,927 7 ,085 4,578 13,207 3,341 1,915 3,584 4,482 12 ,295 Held under repurchase agreements 2,329 2,329 W — — W — «* —— -- -- — -- Total U.S. Government securities 90,009 4,076 23,370 5 ,149 6,927 7 ,085 4,578 13,207 3,341 1,915 3,584 4,482 12 ,295 Total loans and securities 98,160 4,383 26,400 5 ,545 7,450 7 ,619 4,931 14,279 3,594 2,060 3,858 4,820 13 ,221 Cash items in process of collection 10,449 425 1,230 283 592 1 ,768 879 1,446 492 486 1,029 672 1 ,147 Bank premises 328 93 21 53 25 25 14 16 13 32 16 12 8 Operating Equipment 16 2 3 3 — — 1 —— 2 1 -- 2 2 Other assets 2/ 2,809 60 1,644 83 106 109 117 204 54 38 77 68 249 Interdistrict settlement account -0- + 242 -1,783 - 196 +1,103 - 243 + 15 + 385 + 387 + 312 - 29 - 288 + 95 TOTAL 126,396 5,883 31.449 6.703 10.397 10.521 6.953 18.305 5.068 3.191 5.476 5.885 16.565 1/ Includes $250 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 2/ Includes assets denominated in foreign currencies. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MARCH 3, 1976 New Phila- Cleve- Rich- St. Minne- Kansas San Total Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas Francisco (In millions of dollars) L I A B I L I T I ES Federal Reserve notes 77,215 3,831 19,579 4,620 6,639 7,036 3,772 12,173 3,299 1,578 2,689 2,940 9,059 Deposits: Member bank reserves 28,144 768 8,524 875 2,155 1,074 1,756 3,581 724 607 1,110 1,636 5,334 U.S. Treasury--general account 9,820 837 963 828 901 812 714 1,255 616 487 711 673 1,023 Foreign 233 8 If 73 10 19 12 17 33 7 6 9 12 27 Other 2/ 690 1 532 2 1 21 33 16 2 1 2 65 14 Total deposits 38,887 1,614 10,092 1,715 3,076 1,919 2,520 4,885 1,349 1,101 1,832 2,386 6,398 Deferred availability cash items 7,300 318 1,004 220 439 1,379 437 810 319 432 832 403 707 Other liabilities and accured dividends 1.059 47 281 58 74 78 76 143 36 25 41 48 152 TOTAL LIABILITIES 124,461 5,810 30,956 6,613 10,228 10,412 6,805 18,011 5,003 3,136 5,394 5,777 16,316 CAPITAL ACCOUNTS Capital paid in 939 I 35 241 43 81 53 72 143 32 27 40 53 119 Surplus 929 K 35 239 42 81 52 72 142 31 26 39 52 118 Other capital accounts 67 3 13 5 7 4 4 9 2 2 3 3 12 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 126,396 5,883 31,449 6,703 10,397 10,521 6,953 18,305 5,068 33,,119911 5,476 5,885 1166,,556655 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 80,802 3,975 20,413 4,621 6,910 7,249 4,444 12,451 3,434 1,633 2,828 3,085 9,759 Collateral tor F.R. nates: Gold certificate account 11,596 530 3,329 668 888 981 611 1,768 449 205 418 422 1»327 Special Drawing Rights certif. acct. 302 24 124 — -- — 28 -- 20 10 18 19 59 Acceptances -- -- -- -- •• -- U.S. Government securities 1 71.910 3.575 17.250 4.150 6,210 6.505 4.000 11.400 3.070 1.510 2.600 2.740 8.900 Total collateral I ' 8 "" 3 ,808 4,129 20,703 4,818 7,098 7,486 4,639 13,168 3,539 1,725 3,036 3,181 10,286 1/ After deducting $160 million participations of other Federal Reserve Banks. 2/ Includes $10 million of certain deposits of foreign-owned banking institutions held with member banks and redeposited in full with Federal Reserve Banks in connection with voluntary participation by nonmember institutions in the Federal Reserve System1s program of credit restraint. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis