H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and m • f*Al RE^.. Condition Statement of F.R. Banks H.4.1 For immediate release April 15, 1976 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, April 14, April 7, April 16, April 14, and related items 1976 1976 1975 1976 Reserve Bank credit: 1/ (In millions of dollars) 2/3/ U.S. Government securities-- Bought outright—System account 83,339 -1,592 +3,823 83,172 Helfd under repurchase agreements 297 + 297 - 48 2,078 Federal Agency obligations-- Bought outright 6,607 «sa> +1,418 6,607 Held under repurchase agreements 14 + 14 45 100 Acceptances-- Bought outright 519 16 - 130 504 Held under repurchase agreements 24 + 24 10 169 Loans-- Total member bank borrowing 62 + 38 + 40 323 Includes seasonal borrowing of: 10 — «• + 5 10 Other borrowing —— ->e> -- Float 2,045 60 + 188 2,648 Other F.R. assets 4.079 + 263 + 954 4,321 Total Reserve Bank credit 96,987 -1,031 +6,191 99,922 Gold Stock 11,599 —- 21 11,599 Special Drawing Rights certif. acct. 500 — — + 100 500 Treasury currency outstanding 10.507 + 55 +1.100 10,511 119,593 - 976 +7,370 122,532 Currency in circulation * 86,824 4-1,089 +8,152 87,322 Treasury cash holdings * 500 — + 182 500 Treasury deposits with F.R. Banks 2,421 -1,847 +1,445 2,257 Foreign deposits with F.R. Banks 261 16 6 242 Other deposits with F.R. Banks 4/ 698 - 216 + 56 788 Other F.R. liabilities and capital 3.148 + 118 + 55 3.161 93,852 - 872 +9,883 94,270 Member bank reserves: With Federal Reserve Banks 25,741 - 103 -2,513 28,262 Currency and coin 7.856 + 260 + 815 7,856 Total reserves held 5/ 33,744 + 164 -1,551 36,265 Required reserves ~~ 33,560 + 111 -1,516 33,560 Excess reserves 5/ 184 + 53 - 35 2,705 NOTE: A net of $66 million of surplus reserves were eligible to be carried forward from the week ended April 7, into the week ending April 14. On April 14, 1976, marketable U.S. Government Securities held in custody by the Federal Reserve Banks for foreign and international accounts were $44,359 million, an increase of $589 million for the week. 1J Net of $2,219 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $2,572 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $231 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 Bankso 5/ Adjusted to include $147 million waivers of penalties for reserve deficiencies in Digitized for FRASER accordance with Board policy effective November 19, 1975. http://fraser.stlouisfed.*or gE/ stimated 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 April 14, April• 7, April 16, A S S E TS 1976 1976 1975 Gold certificate account 11,599 —— - 21 Special Drawing Rights certif. acct. * 500 -- + 100 Cash (1,364) 351 - 8 + 7 Loans 323 + 281 + 275 Acceptances--Bought outright 504 - 21 - 139 Held under repurchase agreements 169 + 169 - 67 Federal Agency obligations--Bought outright 6,607 -- +1,4 18 Held under repurchase agreements 100 + 100 310 - U.S. Government securities: Bought outright--Bills 32,680 +2,2 16 -1,7 15 Certificates —— -- —— Notes 44,614 —— +3,0 31 Bonds 5,878 130 -- Total bought outright 11//22// 83,172 +2, 216 +3,4 46 Held under repurchase agreements 2.078 078 338 - Total U.S. Government securities 85,250 +4, 294 +3, 108 Total loans and securities 92,953 +4, 823 +4, 285 Cash items in process of collection (1,778) 8,368 + 502 - 824 Bank premises 336 + 1 + 58 Operating Equipment 18 — + 16 Other assets 3/ 3,967 + 607 • 101 TOTAL ASSETS (3,142) 118,092 +5,, 925 +4,, 722 L I A B I L I T I ES Federal Reserve notes (1,364) 77,662 + 705 +7,, 673 Deposits: Member bank-reserves account 28,262 +3,, 789 -3 ,j13 4 U.S. Treasury--general account 2,257 + 801 + 619 Foreign 242 - 4 - 54 Other 4/ 788 + 21 + 173 Total deposits 31,549 +4 , 3 6 07 -2,, 396 Deferred availability cash items (1,778) 5,720 + 430 - 550 Other liabilities and accrued dividends 1,054 + 74 - 67 TOTAL LIABILITIES (3,142) 115,985 +5,, 816 +4 ,36 60 c a p i t al a c c o u n ts Capital paid in 945 - - + 39 Surplus 929 + 32 -- Other capital accounts 233 + 109 9 - Contingent liability on acceptances purchased for foreign correspondents 20 — — - * Figures in parentheses are the eliminations made in the consolidating process. 1/ Excludes $2,552 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $231 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 14. 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 LLooaannss Accept- securities obligations ances Holdings Weekly Holdings Weekly changes changes Within 15 days 315 238 4,823 + 931 118 +100 16 days to 90 days 8 255 15,347 +3,394 286 -- 91 days to 1 year -- 180 22,629 31 946 —— Over 1 year to 5 years — -- 30,393 - - 3,289 - - Over 5 years to 10 years - - -- 7,620 — 1,420 — — Over 10 years — — 4,438 —— 648 —- Total 323 673 85,250 +4,294 6,707 +100 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 14, 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 1,364 31 359 26 65 88 309 45 27 19 42 96 257 Other cash 351 23 27 7 49 39 39 28 27 13 45 15 39 Loans 323 52 __ 9 «. — mm mm — mm 108 1 41 3 —- 109 Acceptances: Bought outright 504 -- 504 -- -- — — — — — -- — Held under repurchase agreements 169 -- 169 — -- — — — — — — -- Federal Agency obligations-- Bought outright 6,607 307 1,586 388 522 534 345 995 252 144 270 338 992266 Held under repurchase agreements 100 —- 100 — -- — — — — -- — — — U.S. Government securities: Bought outright— Bills 32,680 1,520 7,842 1,919 2,582 2,641 1,707 4,922 1,245 714 1,336 1,670 4,582 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/ 83,172 3,867 19,960 4,884 6,571 6,721 4,343 12,528 3,169 1,816 3,399 4,252 11,662 Held under repurchase agreements 2,078 —— 2,078 «• — — — — — * — — — — — —— — —— — Total U.S. Government securities 85,250 3,867 22,038 4,884 6,571 6,721 4,343 12,528 3,169 1,816 3,399 4,252 11,662 Total loans and securities 92,953 4,226 24,397 5,281 7,093 7,255 4,688 13,631 3,422 2,001 3,672 4,590 12,697 Cash items in process of collection 10,146 334 1,223 285 590 1,594 912 1,402 544 455 1,009 608 1,190 Bank premises 336 96 21 55 25 27 14 16 13 32 16 12 9 Operating Equipment 18 -- 2 3 3 -- 1 — 4 1 -- 2 2 Other assets 3/ 3,967 107 1,908 147 194 177 169 359 86 60 109 125 526 Interdistrict settlement account -0- + 26 - 749 - 275 + 763 - 203 - 151 + 850 + 324 + 86 - 344 - 46 - 281 TOTAL 121.234 5,397 30.642 6,228 9,713 10.003 6,620 18,178 4,916 2,883 4,986 5,843 15,825 JL/ Excludes $2,552 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $231 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

&c H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 14, 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 79,026 3,926 19,983 4,601 6,792 7,168 3,848 12,506 3,404 1,649 2,780 3,083 9,286 Deposits: Member bank reserves 28,262 904 7,810 980 1,946 1,124 1,779 4,135 905 637 1,173 1,890 4,979 U.S. Treasury—general account 2,257 135 291 254 222 119 236 195 120 69 78 216 322 Foreign 242 9 1/ 68 11 20 13 18 36 6 10 13 30 Other 788 1 627 3 1 17 39 4 2 2 75 16 Total deposits 31,549 1,049 8,796 1,248 2,189 1,273 2,072 4,370 1,034 714 1,263 2,194 5,347 Deferred availability cash items 7,498 296 1,056 222 469 1,362 477 842 371 438 818 402 745 Other liabilities and accured dividends 1.054 46 263 59 82 77 67 140 35 24 37 47 17 7 TOTAL LIABILITIES 119,127 5,317 30,098 6,130 9,532 9,880 6,464 17,858 4,844 2,825 4,898 5,726 15,555 CAPITAL ACCOUNTS C S a u p r i p t l a u l s paid in 9 92 4 9 5 ! 1 i 3 3 5 5 2 2 3 4 9 5 4 4 2 3 8 8 2 1 5 5 2 3 7 7 2 3 1 1 4 4 2 3 3 3 2 1 2 2 6 7 4 3 0 9 5 5 2 3 1 11 18 9 Other capital accounts 233 10 60 .13 18 18 11 35 5 9 12 33 TOTAL LIABILITIES AND CAPITAL ACCOUNTS ,234 5,397 30,642 6,228 9,713 10,003 6,620 18,178 4,916 2,883 4,986 5,843 15,825 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: 82,144 4,042 20,803 4,658 6,945 "7,352 4,472 12,688 3,565 1,697 2,885 9,801 A G S c o p c l e e d c p i c t a e l a r n t D c i r e f a s i w c i a ng t e R a i c g c h o t u s n t c ertif. acct. 11, 3 5 0 9 2 7 5 2 3 4 0 3,3 1 2 2 9 4 668 888 981 61 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 U.S. Government securities 72.340 3.575 17.550 4.150 6.210 6.505 4.000 11.400 3.110 1.510 2.600 2.830 8 900 Total collateral 84,239 4,129 21,003 4,818 7,098 7,486 4,639 13,168 3,579 1,726 3,036 3,271 10.286 1/ After deducting $174 million participations of other Federal Reserve Banks - redeposite^in^ful""with^eder al^Reserve institutions voluntarily held with member banks and Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis