H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE una Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release March 11, 1976 Member bank reserves, Week ended Change from week ended Wednesday Mar. 10, * Reserve Bank credit, Mar. 10, * Mar. 3, I Mar. 12, and related items 1976 1976 1 1975 1976 Reserve Bank credit: 1/ (In millions of dollars) 2/3/ U.S. Government securities-- Bought outright—System account 85,506 -2 ,090 + 8,068 80,960 Held under repurchase agreements 646 -1 ,502 + 646 — Special Certificates -- -- - 238 -- Federal Agency obligations-- 6,607 + 42 + 1,625 6,607 Bought outright Held under repurchase agreements 9 - 86 + 9 Acceptances- Bought outright 632 36 37 623 Held under repurchase agreements 101 - 379 + 101 -- Loans-- Total member bank borrowing 47 37 13 35 Includes seasonal borrowing of: 8 -- + 1 7 Other borrowing Float 2,572 + 446 + 474 2,916 Other F.R* assets 3.233 + 152 + 148* 3.267 Total Reserve Bank credit 99,352 -3 ,490 +10,781 94,408 Gold Stock 11,599 - - 21 11,599 Special Drawing Rights certif. acct. 500 -- + 100 500 Treasury currency outstanding 10.430 + 59 + 1.089 10,433 121,881 -3 ,432 +11,949 116,940 Currency in circulation ** 84,781 + 675 + 7,066 85,300 Treasury cash holdings ** 500 + 242 500 Treasury deposits with F.R. Banks 7,227 -2 ,684 + 6,637 5,390 Foreign deposits with F.R. Banks 288 - 24 21 255 Other deposits with F.R. Banks 4/ 739 - 74 - 184 926 Other F.R. liabilities and capital 3.061 - 228 + 109 3,106 96,596 -2 ,335 +13,849 95,387 Member bank reserves: With Federal Reserve Banks 25,284 -1 ,097 - 1,902 . 21,553 Currency and coin 7.948 + 375 + 652 „ 7,948 Total reserves held 5/ 33,372 - 722 - 1,110 29,641 Required reserves 33,281 - 396 - 971 33,281 Excess reserves £/ 91 - 326 - 139 - 3,640 NOTE: A net of $175 million of surplus reserves were eligible to be carried forward from the week ended March 3, into the week ending March 10. On March 10, 1976, marketable U.S. Government securities held in custody by ths Federal Reserve Banks for foreign and international accounts were $44,172 million, a decrease of $613 million for the week. 1/ Net of $1,606 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $5,924 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $251 million securities loaned-*fully secured by U.S. Government securities pledged with Federal Reserve Banks. 4/ 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. 5/ Adjusted to include $140 million waivers of penalties for reserve deficiencies in accordance with Regulation D change effective November 19, 1975. * Estimated (Richmond and Dallas Districts). ** Estimated (Treasury's figures). Digitized for FRASER 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 10, March 3, March 12, A S S E TS 1976 ** 1976 1975 Gold certificate account 11,599 • mm mm 21 Special Drawing Rights certif. accts. * 500 + 100 Cash (1,795) 394 - 5 + 42 Loans 35 - 282 - 52 Acceptances--Bought outright 623 - 22 44 Held under repurchase agreements -- - 482 —— Federal Agency obligations--Bought outright 6,607 —— +1,626 Held under repurchase agreements —— - 100 — U.S. Government securities: Bought outright—Bills 30,708 - 6,613 + 136 Certificates - Special —— — — -1,043 - Other —— * — - - Notes 44,398 - 107 4-3,903 Bonds 5,854 — * +2,319 Total bought outright 11//22// 80,960 - 6,720 +5,315 Held under repurchase agreements — - 2,329 —— Total U.S. Government securities 80.960 - 9,049 +5,315 Total loans and securities 88,225 - 9,935 +6,845 Cash items in process of collection (1,702) 8,001 - 554 + 523 Bank premises 330 + 2 + 330 Operating Equipment 16 -- - 257 Other assets 3/ 2,921 + 112 + 24 TOTAL ASSETS (3,497) 111,986 10,380 +7,586 L I A B I L I T I ES Federal Reserve notes (1,795) 75,761 + 682 +6,424 Deposits: Member bank-reserves account 21,553 - 6,591 -4,142 U.S. Treasury--general account 5,300 - 4,520 +5,300 Foreign 255 + 22 - 59 Other 4/ 926 + 236 - 63 Total deposits 28,034 10,853 +1,036 Deferred availability cash items (1,702) 5,085 - 321 - 87 Other liabilities and accrued dividends 1,069 + 10 4 TOTAL LIABILITIES (3,497) 109,949 10,482 +7,369 c a p i t al a c c o u n ts Capital paid in 940 + 1 + 41 Surplus 929 —— + 32 Other capital accounts 168 + 101 + 144 Contingent liability on acceptances purchased, for foreign correspondents 91 * Figures in parentheses are the eliminations made in the consolidating process. ** Estimated (Richmond and Dallas Districts). 1/ Excludes $5,924 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $251 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 2/ Includes assets denominated in foreign currencies. 4/ 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 10. 1976 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) U.S. Government Federal Agency Loans Accept- securities obligations ances Holdings Weekly Holdings Weekly channggee s changes Within 15 days 34 148 2,474 -4,947 -163 16 days to 90 days 1 334 12,893 -4,601 208 - 1 91 days to 1 year 141 22i996 + 607 1,027 +123 Over 1 year to 5 years 30,626 - 108 3,309 -110 Over 5 years to 10 years 7,557 1,415 + 51 Over 10 years 648 Digitized for FRASERT otal 35 623 80,960 -9,049 6,607 -100 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MARCH 10, 1976 New Phila- Cleve- Rich- St. Minne- Kansas * San Total Boston York delphia land * mond Atlanta Chicago Louis apolis Citv 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 1,795 81 427 62 107 178 295 58 25 28 37 141 356 Other cash 394 25 32 9 53 46 44 34 28 15 47 16 45 Loans 35 8 2 6 3 1 14 •— 1 —— —— Acceptances: Bought outright 623 — 623 -- — — — -- — -- -- — — Held under repurchase agreements -- — -- — — — — — — — — — — Federal Agency obligations-- Bought outright 6,607 307 1,586 388 522 534 345 995 252 144 270 338 926 Held under repurchase agreements -- — — — -- -- — — -- — — — — U.S. Government securities: Bought outright— Bills 30,708 1,428 7,369 1,803 2,427 2,481 1,603 4,625 1,170 671 1,255 1,570 4,306 Certificates — — — — — — •» — — —— —— — — -- —— —— -- —— Notes 44,398 2,064 10,655 2,607 3,508 3,588 2,318 6,688 1,691 969 1,815 2,270 6,225 Bonds 5,854 272 1.405 344 462 473 306 882 223 128 239 299 821 Total bought outright 1/2/ 80,960 3,764 19,429 4,754 6,397 6,542 4,227 12,195 3,084 1,768 3,309 4,139 11,352 Held under repurchase agreements — — — — — — — — — —— —— —— —— — — — -- — Total U.S. Government securities 80,960 3,764 19,429 4,754 6,397 6,542 4,227 12,195 3,084 1,768 3,309 4,139 11,352 Total loans and securities 88,225 4,079 21,640 5,148 6,919 7,076 4,575 13,191 3,350 1,912 3,580 4,477 12,278 Cash items in process of collection 9,703 364 1,252 319 445 1,833 796 1,203 442 426 859 659 1,105 Bank premises 330 94 21 54 25 25 14 16 13 32 16 12 8 Operating Equipment 16 — 2 3 3 — 1 -- 2 1 — 2 2 Other assets 3/ 2,921 62 1,715 90 106 116 126 207 53 35 66 72 273 Interdistrict settlement account -0- + 153 - 103 - 313 + 392 + 315 - 171 + 263 + 468 + 173 - 101 - 205 - 871 TOTAL 115,483 5,412 28,440 6,071 8,981 10,615 6,319 16,819 4,850 2,838 4,941 5,615 14,582 * Estimated (Richmond and Dallas Districts). \J Excludes $5,924 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $251 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ 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 10, 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 77,556 3,846 19,631 4,505 6,684 7,092 3,811 12,251 3,334 1,594 2,711 2,970 9,127 Deposits: Member bank reserves 21,553 756 5,676 704 1,307 1,163 1,459 2,905 723 538 937 11,,446611 33,,992244 U.S. Treasury—general account 5,300 423 665 447 361 619 341 453 377 233 453 540 388 Foreign 255 9 1/ 81 11 20 13 18 36 8 6 10 13 30 Other 2/ 926 2 771 2 1 21 35 6 1 1 3 65 18 Total deposits 28,034 1,190 7,193 1,164 1,689 1,816 1,853 3,400 1,109 778 1,403 2,079 4,360 Deferred availability cash items 6,787 252 853 245 356 1,513 410 716 302 383 701 405 651 Other liabilities and accured dividends 1.069 47 247 61 75 76 90 142 37 26 40 48 180 TOTAL LIABILITIES 113,446 5,335 27,924 5,975 8,804 10,497 6,164 16,509 4,782 2,781 4,855 5,502 14,318 CAPITAL ACCOUNTS 1I Capital paid in 940 !i 35 241 43 81 53 73 143 32 27 40 53 119 Surplus 929 '1 35 239 42 81 52 72 142 31 26 39 52 118 Other capital accounts 168 7 36 11 15 13 10 25 5 4 7 8 27 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 115,483 5,412 28,440 6,071 8:,981 10,615 6,319 16,819 4,850 2,838 4,941 5,615 14,582 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 80,927 3,991 20,497 4,623 6,899 7,252 4,45b 12,428 3,467 1,641 2,83/ 3,094 9,"742 Collateral for F.R. notes: Gold certificate account 11,597 530 3,329 668 888 981 611 1,768 449 206 418 422 1,327 Special Drawing Rights certif. acct. 302 24 124 -- — 28 — 20 10 18 19 59 Acceptances -- -- — -- U.S. Government securities 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 83,809 4,129 20,703 4,818 7,098 7,486 4,639 13,168 3,539 1,726 3,036 3,181 10,286 1/ After deducting $174 million participations of other Federal Reserve Banks. 2/ Includes $1CT 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 vprogram of credit restraint. Estimated (Richmond and Dallas Districts). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis