H.4.1 Factors Affecting Reserve Balances of Depository Institutions

• *z xof c,ow-/. FEDERAL RESERVE ff! Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release/ April 8, 1976 Averages of daily figures Member bank reserves, WWeeeekk eennddeedd Change from week ended WWeeddnneessddaayy Reserve Bank credit, AApprriill 77,, Mar. 31, April 9, AApprriill 77,, and related items 11997766 1976 1975 11997766 teserve Bank credit: 1/ (In millions of dollars) 2/3/ U, S, Government securities-- Bought outright—System account 84,931 -2,379 + 5,612 80,956 Held under repurchase agreements Federal Agency obligations-- — -1,513 -- — Bought outright 6,607 +1,418 6,607 Held under repurchase agreements Acceptances-- -- - 208 — -- Bought outright 535 7 - 130 525 Held under repurchase agreements Loans-- — - 289 — -- Total member bank borrowing 24 13 6 42 Includes seasonal borrowing of: 10 — + 3 10 Other borrowing — mm mmm* Flopt 2,130 + 478 374 2,576 Ot;her F.R. assets 3.816 + 129 + 730 3,713 Total Reserve Bank credit 98,043 -3,802 + 7,250 94,419 Gold Stock 11,599 — 22 11,599 Special Drawing Rights certif. acct. 500 -- + 100 500 Treasury currency outstanding 10.452 + 3 + 1.053 10.452 120,594 -3,798 + 8,382 116,970 Currency in circulation 85,735 + 582 + 7,380 86,549 Treasury cash holdings 500 — + - 191 500 Treasury deposits with F.R. Banks 4,268 -3,437 + 2,349 1,456 Foreign deposits with F.R. Banks 277 + 31 82 246 Other deposits with F.R. Banks 4/ 914 + 190 + 268 767 Other F.R. liabilities and capital 3.030 - 403 + 78 2.978 94,724 -3,038 +10,183 92,496 Member bank reserves: With Federal Reserve Banks . 25,869 - 761 - 1,802 24,473 Currency and coin 7.596 + 146 + - 604 7.596 Total reserves held 5/ 33,605 - 616 - 1,058 32,209 Required reserves Excess reserves 5/ 33,449 - 371 - 1,103 33,449 156 245 + 45 - 1,240 NQTE: A net of $157 million of surplus reserves were eligible to be carried forward from the week ended March 31, into the week ending April 7. On April 7, 1976, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $43,770 million, an increase of $33 million for the week. 1/ Net of $1,876 million, daily average, matched sale-purchase transactions outstanding during the statement week, 2/ Excludes $5,289 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. If Includes $145 million securities loaned—fully sccured 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 $140 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. Digitized for FRASE*R Estimated (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 Wednesday Change since April 7, March 31, April 9, A S S E TS 1976 1976 1975 Gold certificate account 11,599 — — - 21 Special Drawing Rights certif. acct* * 500 —— + 100 Cash (1,467) 359 - 8 + 27 Loans 42 - 12 + 28 Acceptances--Bought outright 525 - 15 - 124 Held under repurchase agreements — - 343 - 1 Federal Agency obligations—Bought outright 6,607 — +1> 418 Held under repurchase agreements -- - 287 -- U.S. Government securities: Bought outright--Bills 30,464 -6,, 267 -2,, 826 Certificates Notes 44,614 70 +3, 031 Bonds 5,878 — — +2,1 130 Total bought outright 1/2/ 80,956 "6 ,3 337 +2,, 335 Held under repurchase agreements • W -2,, 460 - - Total U.S. Government securities 80,956 -8., 797 +2,, 335 Total loans and securities 88,130 -9;, 454 +3., 656 Cash items in process of collection (1,608) 7,866 + 929 - 24 Bank premises 335 + 2 + 59 Operating Equipment 18 — — + 16 Other assets 3/ 3,360 + 4 + 504 TOTAL ASSETS (3,075) 112,167 -8 ,527 1317 L I A B I L I T I ES Federal Reserve notes (1,467) 76,957 + 975 +6 ,935 Deposits: Member bank-reserves account 24,473 -3 ,675 -4 ,141 U.S. Treasury--general account 1,456 -5 ,688 + 989 Foreign 246 - 59 - 21 Other 4/ 767 - 29 + 172 Total deposits 26,942 -9,451 -3 ,001 Deferred availability cash items (1,608) 5,290 + 461 + 435 Other liabilities and accrued dividends 980 - 119 - 106 TOTAL LIABILITIES (3,075) 110,169 -8 ,134 +4 ,263 C A P I T AL A C C O U N TS Capital paid in 945 + 42 Surplus 929 + 32 Other capital accounts 124 - 393 - 20 Contingent liability on acceptances purchased, for foreign correspondents __ __ 24 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Excludes $5,289 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $145 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. APRIL 7. 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 changes changes Within 15 days 33 85 3,892 -3,473 18 -310 16 days to 90 days 9 273 11,953 -4,709 286 + 8 91 days to 1 year 167 22,660 - 545 946 + 16 Over 1 year to 5 years 30,393 - 70 3,289 - 17 Over 5 years to 10 years 7,620 1,420 + 16 Over 10 years 4,438 -2 648 —— Total 42 525 80,956 -8,797 6,607 -287 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 7, 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 1,467 51 373 38 78 97 303 44 25 22 42 111 283 Other cash 359 23 30 8 50 40 41 29 27 13 45 14 39 Loans 42 —• 1 8 19 2 11 1 * Acceptances: Bought outright 525 525 — — — — -- - - —— — — - - 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 30,464 1,416 7,310 1,789 2,407 2,462 1,591 4,588 1,160 666 1,246 1,557 4,272 Certificates — — - - - - -- —— —— — — • *» * •» — — — — — Notes 44,614 2,074 10,707 2,620 3,525 3,605 2,329 6,720 1,700 974 1,823 2,281 6,256 Bonds 5,878 273 1,411 345 464 475 307 886 224 128 240 301 824 Total bought outright 1/2/ 80,956 3,763 19,428 4,754 6,396 6,542 4,227 12,194 3,084 1,768 3,309 4,139 11,352 Held under repurchase agreements -— -- -- — — — —— — — • •» •» mm — — W * mm mm mm mm Total U.S. Government securities 80.956 3,763 19,428 4,754 6.396 6,542 4,227 12,194 3,084 1,768 3,309 4,139 11,352 Total loans and securities 88,130 4,070 21,540 5,150 6,918 7,095 4,572 13,191 3,336 1,912 3,590 4,478 12,278 Cash items in process of collection 9,474 330 1,330 266 525 1,525 914 1,202 423 458 842 616 1,043 Bank premises 335 96 21 55 25 26 14 16 13 32 16 12 9 Operating Equipment 18 2 3 3 -— 1 —— 4 1 — — 2 2 Other assets 3/ 3,360 89 1,785 128 155 153 128 292 85 . 50 83 98 314 Interdistrict settlement account -0- - 65 +1,024 - 565 + 416 - 30 - 373 + 942 + 153 + 130 - 326 - 496 - 810 TOTAL 115,242 5.148 29.559 5,782 9,101 9,932 *,239 17,553 4.535 2,834 4,729 5,276 14.544 * Less than $500,000. 1/ Excludes $5,289 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $145 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 APRIL 7, 1976 New Phila- Cleve- Rich- St. Minne- Kansas San Total Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas Francisco (In millions o f dollars) L I A B I L I T I ES D F e e p d o e s ra i l t s R : e serve notes 78,424 3,887 19,911 4,538 6,750 7,125 3,786 12,408 3,385 1,632 2,765 3,028 9,209 DDD OOO eee ttt fff hhh FFF MMM U O UU OO eee eee ooo eee ... ttt rrr rrr rrr TTT SSS mmm hhh rrr ... ooo eee eee bbb lll eee ttt rrr iii eee iii ddd TTT aaa ggg rrr aaa 222 lll nnn rrr bbb aaa /// bbb eee iii vvv ddd aaa aaa lll aaa eee nnn sss iii iii ppp kkk uuu ttt lll ooo rrr iii aaa rrr sss yyy eee bbb eee iii ——— sss iii sss ttt ggg lll eee sss eee iii rrr aaa nnn ttt nnn vvv yyy ddd eee eee sss rrr ccc aaa aaa aaa ccc lll sss ccc hhh uuu aaa rrr ccc eee ccc iii ddd ooo ttt uuu eee nnn mmm ttt sss 2 2 4 6 6 1 , , , , 4 9 8 4 2 7 7 4 5 4 9 6 3 2 6 6 8 7 2 8 7 9 9 4 4 3 2 7 5 9 1 1 7 1 6 2 , / 2 2 0 1 9 7 7 9 1 , 9 9 1 8 3 4 2 8 6 1 1 7 8 7 1 9 7 6 8 2 1 1 1 , , 4 6 5 0 9 9 2 8 7 9 1 0 7 1 1 1 1 , , , 2 2 3 1 6 0 5 2 1 1 7 5 0 0 2 3 1 1 , , 4 7 6 8 5 4 3 6 1 6 8 3 7 0 8 3 3 , , 9 7 2 7 7 2 3 0 3 3 6 9 6 6 5 2 7 7 8 4 6 0 7 8 0 3 1 8 4 6 5 3 8 8 9 5 8 6 4 1 7 1,1 9 7 1 1 2 8 2 1 7 7 0 5 2 0 1 1 , , 4 5 67 4 1 6 5 1 7 6 4 1 7 3 4 3 , , 2 9 6 2 8 7 4 6 3 1 3 1 0 7 0 5 dddiii TTT vvv OOO iii TTT ddd AAA eee LLL nnn ddd LLL sss III AAABBBIIILLLIIITTTIIIEEESSS 113, 9 2 8 4 0 4 5,07 4 3 6 29,0 2 4 3 2 4 5,69 5 1 7 8,92 7 9 3 9,81 7 7 5 6,08 58 8 17,2 1 5 3 9 9 4,46 3 7 5 2,77 2 8 3 4,64 3 5 6 5,16 4 5 6 14,2 1 9 5 0 8 CAPITAL ACCOUNTS Capital paid in O S t u h r e p r l u c s a pital accounts 9 92 4 9 5 !; 35 35 2 2 3 4 9 5 4 4 2 3 8 8 2 1 5 5 3 2 7 7 3 2 1 1 4 4 4 2 ; 3 3 2 1 2 2 6 7 4 3 0 9 5 5 2 2 1 1 1 1 8 9 TlTUVI C TA A AL P T , I T T L A TI L AA UDT A I C LT C ITI O TTl U Tc N ?. T Ob S A AxmN D 115,2 1 4 2 2 4 5,148 5 29,55 3 9 3 5,782 6 9,101 9 9,93 1 2 0 6,239 6 17,5 1 6 8 3 4,535 5 2,834 3 4,729 5 5,276 7 14,54 1 4 7 FEDERAL RESERVE AGENTS' ACCOUNTS F C . o R l . l a n t o e t r e a s l f o o u r t s F t . a R n . d i n n o g t es: 81,669 4,006 20,718 4,621 6,964 7,274 4,473 12,606 3,524 1,682 2,871 3,192 9,738 A G S c o p c l e e d c p i c t a e a l r n t D c i r e f a s 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, 3 5 0 9 2 7 53 2 0 4 3,3 1 2 2 9 4 668 888 981 &1 2 1 8 1,768 44 2 9 0 20 1 6 0 41 1 8 8 42 1 2 9 1,32 5 7 9 TT UU oo .. tt SS aa .. ll GG cc oovv oo ee ll rr ll nn aa mm tt ee ee nn rr tt aa ll ss eeccuurriittiieess 8 7 4 2 , . 0 1 0 1 9 0 4 3 , . 1 5 2 7 9 5 2 1 0 7 , , 8 3 0 5 3 0 4 4 , . 8 1 1 5 8 0 6 7 . , 2 0 1 9 0 8 6 7 . , 5 4 0 8 5 6 4 4 , . 6 0 3 0 9 0 1 1 3 1 , . 1 4 6 0 8 0 3 3 , . 5 1 8 2 9 0 1 1 , . 7 5 2 1 6 0 3 2 , . 0 6 3 0 6 0 3 2 , . 2 7 3 9 1 0 10 8 , . 2 9 8 0 6 0 l_f After deducting $175 million participations of other Federal Reserve Banks. • r ' e d e S i t f d ' i f o f J o r e x g H - ^ e' banking institutions voluntarily held with member banks and Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis