H.4.1 Factors Affecting Reserve Balances of Depository Institutions

. # #. FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release April 1, 1976 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Mar-31, * Mar.' 24, [April 2, Mar. 31, * and related items 1976 1976 1975 1976 Reserve Bank credit: (In millions of Tollars) 2/3/ U.S. Government securities-- Bought outright—System account 87,310 - 492 + 5,982 87,293 Held under repurchase agreements 1,513 - 577 + 1,513 2,460 Federal Agency obligations-- Bought outright 6,607 mm + 1,417 6,607 Held under repurchase agreements 208 - 17 + 208 287 Acceptances-- 542 14 - 129 540 Bought outright Held under repurchase agreements 289 + 98 + 289 343 Loans-- 37 40 - 14 54 Total member bank borrowing Includes seasonal borrowing of: 10 + 2 + 3 10 Other borrowing «* mm «*— -- 1,673 - 411 - 683 2,093 Float Other F.R. assets 3.689 + 188 -K 606 3.716 Total Reserve Bank credit 101,867 -1 ,266 + ' 9,188 103,393 Gold Stock 11,599 -- - 21 11,599 Special Drawing Rights certif. acct. 500 —— + 100 500 Treasury currency outstanding 10.449 + 7 + 1.049 10.452 124,414 -1 ,260 +10,315 125,944 ** 85,154 27 4- 7,124 85,572 Currency in circulation Treasury cash holdings ** 500 —— + 193 500 Treasury deposits with F.R. Banks 7,705 -1 ,267 + 4,879 7,144 Foreign deposits with F.R. Banks 246 • 21 - 230 305 Other deposits with F.R. Banks 4/ 724 - 98 - 315 796 Other F.R. liabilities and capital 3.431 + 88 + 271 3.478 97,761 -1 ,325 +11,923 97,795 Member bank reserves: With Federal Reserve Banks 26,653 + 64 - 1,608 28,148 Currency and coin 7,450 + 573 4- 624 7,450 Total reserves held 5/ 34,244 + 638 - 843 35,739 Required reserves 33,820 + 384 - 988 33,820 Excess reserves 424 + 254 + 145 1,919 NOTE: A net of $67 million of surplus reserves were eligible to be carried forward from the week ended March 24, into the week ending March 31. On March 31, 1976, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $43,737 million, an increase of $446 million for the week. .1/ Net of $710 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $615 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $162 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 voluntarily held with member banks and redeposited in full with Federal Reserve Banks. 5/ Adjusted to include $141 million waivers of penalties for reserve deficiencies in accordance with Regulation D change effective November 19, 1975. Digitized for FRASER * Estimated (Boston and San Francisco Districts). http://fraser.stlouisfed.org/ ** Estimated (Treasury's figures). 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 31, March 24, April A S S E TS 1976 ** 1976 2, 1975 Gold certificate account 11,599 22 Special Drawing Rights certif. acct, * 500 «• mm + 100 Cash (1,704) 369 - 8 + 27 Loans 54 - 269 + 12 Acceptances--Bought outright 540 + 10 - 137 Held under repurchase agreements 343 + 258 + 343 Federal Agency obligations--Bought outright 6,607 mm mm + 1,418 Held under repurchase agreements 287 + 56 + 287 U.S. Government securities: Bought outright—Bills 36,731 - 771 + 893 Certificates — — mm mm Notes 44,684 mm mm + 3,101 Bonds 5,878 + 2,130 -- Total bought outright 1/2/ 87,293 - 771 + 6,124 Held under repurchase agreements 2,460 +1 ,442 + 2,460 Total U.S. Government securities 89,753 + 671 + m 00 Total loans and securities 97,584 + 726 +10,507 Cash items in process of collection (1,646) 7,299 - 68 - 350 Bank premises 332 — — + 56 Operating Equipment 18 + 2 + 16 Other assets 3/ 3,366 + 101 + 577 TOTAL ASSETS (3,350) 121,067 + 753 +10,911 L I A B I L I T I ES Federal Reserve notes (1,704) 75,990 + 228 + 6,409 Deposits: Member bank-reserves account 28,148 +1 ,650 - 494 U.S. Treasury--general account 7,144 -1 ,694 + 4,714 Foreign 305 + 34 - 124 Other 4/ 796 + 41 + 1 Total deposits 36,393 + 31 + 4,097 Deferred availability cash items (1,646) 5,206 + 346 - 165 Other liabilities and accrued dividends 1,087 + 36 + 17 TOTAL LIABILITIES (3,350) 118,676 + 641 +10,358 C A P I T AL A C C O U N TS Capital paid in 945 + 3 + 42 Surplus 929 + 32 Other capital accounts 517 + 109 + 479 Contingent liability on acceptances purchased, for foreign correspondents 34 * Figures in parentheses are the eliminations made in the consolidating process. ** Estimated (Boston and San Francisco Districts). 1/ Excludes $615 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $162 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. 4/ Includes $10 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. MARCH 31 1Q76 R (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 LLooaannss Accept- securities obligations ances Holdings Weekly Holdings Weekly changes changes Within 15 days 44 434 7,365 +438 328 + 56 16 days to 90 days 10 293 16,662 +718 278 + 1 91 days to 1 year -- 156 23,205 -137 930 + 13 Over 1 year to 5 years -- —— 30,463 -348 3,306 - 3 Over 5 years to 10 years -- —— 7,620 —— 1,404 - 11 Digitized for FRASER Over 10 years -- - - 4,438 —— 648 mm * http://fraser.stlouisfed.orgT/ otal 54 883 89,753 +671 6,894 + 56 Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MARCH 31, 1976 * New I Phila- I Cleve- Rich- St. Minne- Kansas San * Total Boston York 1 delnhia 1 land mond Atlanta Chicago Louis apolis Citv Dallas Francisco (In millions of dollars) A S S E TS G S o p l e d c i c a e l r t D i r f a i w c i a n t g e R a i c g c h o t u s n t c ertif. acct. 11,5 5 9 0 9 0 53 2 0 4 3,3 1 3 2 0 4 66 3 8 1 8 4 8 3 8 9 4 8 5 1 61 2 1 8 1,76 7 8 9 44 2 9 0 20 1 6 0 41 1 9 8 42 1 2 9 1,32 5 7 9 F O . t R h . e r n o c t as e h s of other banks 1,7 3 0 6 4 9 6 2 5 6 39 3 7 1 53 8 5 9 2 6 1 3 2 9 4 3 4 4 1 7 5 3 3 2 3 2 1 8 2 1 5 3 4 4 3 5 13 1 3 3 33 4 7 1 Loans 54 3 5 19 5 14 3 1 4 Acceptances: Bought outright 540 540 Held under repurchase agreements 343 343 Fed B e ou r g al ht A o g u e t n r c i y g h o t b ligations- 6,607 307 1,586 388 522 534 345 995 252 144 270 338 926 Held under repurchase agreements 287 287 U.S. Government securities: Bou B g i h l t l s o utright-- 36,731 1,708 8,815 2,157 2,902 2,968 1,, 918 5,532 1,399 803 1,501 1,878 5,150 C B N e o o r n t t d e s s i ficates 44 5 , ,8 6 7 8 8 4 2,0 2 7 7 7 3 10 1 , ,4 7 1 2 1 3 2, 3 6 4 2 5 4 3, 4 53 6 1 4 3,6 4 1 7 1 5 2,3 3 3 0 3 7 6,7 8 3 8 1 6 1,7 2 0 2 2 4 9 1 7 2 6 8 1,8 2 2 4 6 0 2,2 30 8 1 4 6,2 8 6 2 6 4 Total bought outright 2/2/ 87,293 4,058 20,949 5,126 6,897 7,054 4,, 558 13,149 3,325 1 ,907 3,567 4,463 12,240 T ii" o PO H t Atf e a a > l l lo d U l 1T u o Te n a d n CD s e r P• a / \ n r ib d e rOA p Vv u s nem r e ia c c lr h u utfu a r "c i s u e t L i C e O a o s f g cl r lL e TU e ^l m it e "t" n l 4 t cp s aQ 8 9 9 2 7 , , , 7 4 5 5 6 8 3 0 4 4 4 . , 0 3 5 6 8 8 2 2 3 2 6 , , , 4 4 1 0 6 7 9 0 0 5 5 , , 1 5 2 3 6 3 6 7 , ,4 8 1 9 9 7 7 7 , ,5 0 8 5 8 4 4 4 , , 5 9 5 0 8 3 1 1 3 4 . , 1 1 4 4 9 9 3 3, , 5 3 9 2 1 5 2 1 , , 0 9 5 0 1 7 3 3 , , 5 8 6 4 7 0 4 4 , , 4 8 6 0 3 2 1 1 2 3 , , 2 1 4 7 0 0 B C O O I a a p t n n s h e t k h e r e r a r p i t d r a t i i e s e n s m s m g t s e i r t s E i s e q i c s u n t i 3 p p / s r m e o e t c t n e t l s e s me n o t f c a o c l co l u e n c t t ion 8 3 , , 9 3 3 • 4 6 3 1 0 5 6 2 8 * - 5 1 9 0 9 8 9 5 3 - 1 1 2 , , , 1 8 4 5 2 4 3 6 1 4 2 7 - 5 2 1 5 5 4 1 2 4 2 4 3 + 6 5 1 8 0 2 5 5 1 5 0 3 + 1 9 , 0 3 1 9 2 3 9 6 8 8 2 1 0 6 1 1 5 1 8 4 1 +1 1 , , 5 0 2 8 4 7 1 4 4 2 6 + 4 3 6 7 6 1 1 2 6 4 3 + 2 3 6 4 9 3 9 6 4 2 1 - 7 1 7 7 1 7 6 2 6 6 - 6 5 5 5 1 9 4 2 4 2 + 1 4 , 0 0 3 5 6 2 3 8 2 2 TOTAL 124,417 5,780 30,638 6,154 9,862 10,430 6 ,693 18,997 5,035 3 ,047 5,061 5,986 16,734 * Estimated (Boston and San Francisco Districts). 1/ Excludes $615 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $162 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 31, 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 77,694 3,869 19,791 4,492 6,706 7,039 3,749 12,284 3,337 1,615 2,717 2,994 9,101 Deposits: Member bank reserves 28,148 719 6,309 879 2,075 1*374 1,783 4,661 792 683 .1,173 1,822 5,878 U.S. Treasury—general account 7,144 480 1,875 391 391 594 419 803 506 280 347 536 522 Foreign 305 9 1/ 130 U 20 13 18 36 8 7 10 13 30 Other 2/ -Z96 1 653 1 2 20 36 4 * 1 1 56 21 Total deposits 36,393 1,209 8,967 1,282 2,488 2,001 2,256 5,504 1,306 971 1,531 2,427 6,451 Deferred availability cash items 6,852 562 980 205 390 1,169 428 707 275 374 675 387 700 Other liabilities and accured dividends 1.087 49 282 59 74 77 90 142 36 24 38 48 168 TOTAL LIABILITIES 122,026 5,689 30,020 6,038 9,658 10,286 6,523 18,637 4,954 2,984 4,961 5,856 16,420 CAPITAL ACCOUNTS Capital paid in 945 | 35 245 43 82 53 73 144 32 27 40 52 119 Surplus 929 i 35 239 42 81 52 72 142 31 26 39 52 118 Other capital accounts 517 21 134 31 41 39 25 74 18 10 21 26 77 TOTAL LIABILITIES AND 124,417 5,780 30,638 6,154 9,862 10,430 6,693 18,997 5,035 3,047 5,061 5,986 16,734 CAPITAL ACCOUNTS FEDERAL RESERVE AGENTS1 ACCOUNTS F.R. notes outstanding 81,420 4,012 20,667 4,632 6,948 7,247 4,469 12,513 3,506 1,663 2,844 3,179 9,740 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 72.095 3,575 17,350 4,150 6,210 6,505 4,000 11,400 3,120 1,510 2,600 2,775 8,900 Total collateral 83,994 4,129 20,803 4,818 7,098 7,486 4,639 13,168 3,589 1,726 3,036 3,216 10,286 1J After deduction $175 million participations.of other Federal Reserve Banks. 2/ Includes $10 million of certain deposits of foreign-owned banking institutions voluntarily held with member banks redeposited in full with Federal Reserve Banks. * Less than $500,000. ** Estimated (Boston and San Francisco Districts) . Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis