H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release April 22, 1976 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, April 21, April 14, 1 April 23, April 21, 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 86,130 +2,791 + 4,637 86,309 Held under repurchase agreements 1,969 +1,672 + 1,296 4,971 Federal Agency obligations-- Bought outright 6,607 —— + 1,418 6,607 Held under repurchase agreements 115 + 101 + 5 264 Acceptances-- Bought outright 503 16 - 150 506 Held under repurchase agreements 320 + 296 + 263 344 Loans-- Total member bank borrowing 39 23 - 126 174 Includes seasonal borrowing of: 10 -- + 4 10 Other borrowing Float 2,531 + 455 + 456 2,797 Other F.R. assets 4.340 + 261 + 1.025 4.677 Total Reserve Bank credit 102,554 +5,536 + 8,824 106,649 Gold Stock 11,599 -- - 21 11,599 Special Drawing Rights certif. acct. 500 -- + 100 500 Treasury currency outstanding 10.514 + 7 + 1.099 10.519 125,168 +5,544 +10,003 129,267 Currency in circulation * 87,132 + 338 + 8,748 87,168 Treasury cash holdings * 500 29 + 194 500 Treasury deposits with F.R. Banks 6,003 +3,582 + 2,480 7,894 Foreign deposits with F.R. Banks 232 29 - 57 252 Other deposits with F.R. Banks 4/ 846 + 148 + 186 1,114 Other F.R. liabilities and capital 3.236 + 88 + 42 3.460 97,950 +4,098 +11,594 100,388 Member bank reserves: With Federal Reserve Banks 27,218 +1,446 1,591 28,878 Currency and coin 7.089 - 767 + 649 7.089 Total reserves held 5/ 34,456 + 681 - 793 36,116 Required reserves 34,275 + 715 - 904 34,275 Excess reserves j>/ 181 34 + 111 1,841 NOTE: A net of $59 million of surplus reserves were eligible to be carried forward from the week ended April 14, into the week ending April 21. On April 21, 1976, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $44,770 million, an increase of $411 million for the week. 1/ Net of $489 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $599 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. * 3/ Includes $120 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 $149 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. Digitized for FRASER * 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 21, April 14, April 23, A S S E TS 1976 1976 1975 Gold certificate account 11,599 «• — - 21 Special Drawing Rights certif. accts. * 500 -- + 100 Crish (1,513) 344 - 7 + 3 Loans 174 - 149 - 894 Acceptances--Bought outright 506 + 2 - 144 Held under repurchase agreements 344 + 175 + 228 Federal Agency obligations--Bought outright 6,607 — — + 1,418 Held under repurchase agreements 264 + 164 - 24 U.S. Government securities: Bought outright--Bills 35,453 +2, 773 - 465 Certificates Notes 44,940 + 326 + 2,873 Bonds 5,916 + 38 + 2,113 Total bought outright 1 /2/ 86,309 +3, 137 + 4,521 Held under repurchase agreements 4,971 +2, ,893 + 3,849 Total U.S. Government securities 91,280 +6, 030 + 8,370 Total loans and securities 99,175 +6, 222 + 8,954 Cash items in process of collection (1,941) 8,920 + 552 + 629 Bank premises 336 — — + 58 Operating Equipment 18 —— + 16 Other assets 3_/ 4,323 + 356 + 1,343 TOTAL ASSETS (3,454) 125,215 +7,, 123 +11,082 L I A B I L I T I ES Federal Reserve notes 77,494 168 + 7,884 Deposits: Member bank-reserves account 28,878 + 616 + 127 U.S. Treasury--general account 7,894 +5,637 + 1,703 252 + 10 + 3 Foreign 1,114 + 326 + 474 Other 4/ 38,138 +6,, 589 + 2,307 Total deposits Deferred availability cash items (1,941) 6,123 + 403 + 692 Ott>er liabilities and accrued dividends 1,242 + 188 + 130 TOTAL LIABILITIES (3,454) 122,997 +7,012 +11,013 C A P I T AL A C C O U N TS Capital paid in 946 + 1 + 39 Surplus 929 — + 32 Other capital accounts 343 + 110 - 2 Contingent liability on acceptances purchased, for foreign correspondents * Figures in parentheses are the eliminations made in the consolidating process. 1/ Excludes $599 million of securities sold, and scheduled to be bought back, ~ under matched sale-purchase transactions. 2/ Includes $120 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 21. 1976 (Acceptances and securities held under repurchase agreements are classified as U.S. Government Federal Agency LLooaannss Accept- securities obligations ances Holdings Weekly Holdings Weekly changes changes Within 15 days 172 411 9,111 +4,288 306 +188 16 days to 90 days 2 243 16,093 + 746 273 - 13 91 days to 1 year — 196 23,287 + 658 962 + 16 Over 1 year to 5 years -- 30,642 + 249 3,255 - 34 Over 5 years to 10 years -- -- 7,671 + 51 1,422 + 2 Over 10 years — — 4,476 + 38 653 + 5 Total 174 850 91,280 +6,030 6,871 +164 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 21, 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) 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 1,513 40 377 46 74 108 318 59 34 24 46 108 279 Other cash 344 22 27 6 48 38 39 26 27 14 45 15 37 Loans 174 15 1 16 1 1 127 5 * 7 1 * Acceptances: Bought outright 506 — 506 — — -- M — w * Held under repurchase agreements 344 — 344 — — — — -- — — Federal Agency obligations-- Bought outright 6,607 307 1,586 388 522 534 345 995 252 144 270 338 926 Held under repurchase agreements 264 — 264 -- — — • — — — ** — — — " — — — — * * U.S. Government securities: Bought outright— Bills 35,453 1,648 8,508 2,082 2,801 2,865 1,851 5,341 1,351 774 1,449 1,812 4,971 Certificates — — — — — — — — — __ -- -» — Notes 44,940 2,089 10,785 2,639 3,551 3,632 2,346 6,769 1,712 982 1,837 2,297 6,301 • Bonds 5,916 275 1,420 347 467 478 309 891 225 129 242 303 830 Total bought outright 1/2/ 86,309 4,012 20,713 5,068 6,819 6,975 4,506 13,001 3,288 1,885 3,528 4,412 12,102 Held under repurchase agreements 4,971 _«= 4,971 — — ^ — — — — — -- Total U.S. Government securities 91,280 4,012 25,684 5,068 6,819 6,975 4,506 13,001 3,288 1,885 3,528 4,412 12,102 Total loans and securities 99,175 4,334 28,385 5,472 7,342 7,509 4,852 14,123 3,545 2,029 3,805 4,751 13,028 Cash items in process of collection 10,861 394 1,285 400 658 1,807 908 1,282 704 473 982 634 1,334 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/ 4,323 119 2,162 157 200 176 185 382 93 62 108 131 548 Interdistrict settlement account -0- + 475 -4,094 - 443 + 797 + 210 + 186 + 279 + 587 + 251 - 54 + 620 +1,186 TOTAL 128,669 6,034 31,619 6.395 10.078 10.901 7.142 18.014 5.476 3.102 5.385 6.714 17.809 1/ Excludes $599 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $120 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. * Less than $500,000. 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 21, 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 79,007 3,933 20,006 4,603 6,785 7,157 3,814 12,519 3,398 1,657 2,777 3,083 9,275 Deposits: Member bank reserves 28,878 1,194 6,843 868 1,812 1,449 1,839 3,408 999 725 11,,118866 2,182 6,373 U.S. Treasury—general account 7,894 397 1,792 431 651 527 671 725 548 195 471 783 703 Foreign 252 9 1/ 78 11 20 13 18 36 8 6 10 13 30 1.114 4 964 2 • * 18 35 3 1 2 2 72 11 Total deposits 38,138 1,604 9,677 1,312 2,483 2,007 2,563 4,172 1,556 928 1,669 3,050 7,117 Deferred availability cash items 8,064 365 .1,068 309 545 1,524 545 845 412 434 810 412 795 Other liabilities and accured dividends 1.242" 47 296 67 75 81 58 141 35 22 37 47 336 TOTAL LIABILITIES 126,451 5,949 31,047 6,291 9,888 10,769 6,980 17,677 5,401 3,041 5,293 6,592 17,523 CAPITAL ACCOUNTS I | Capital paid in 946 1 35 245 43 82 53 73 144 32 27 40 53 119 Surplus 929 ! 35 239 42 81 52 72 142 31 26 39 52 118 Other capital accounts 343 15 88 19 27 27 17 51 12 8 13 17 49 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 128,669 6,034 31,619 6,395 10,078 10,901 7,142 18,014 5,476 3,102 5,385 66,,771144 17,809 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 82,391 4,057 20,863 4,715 6,975 7,377 4,453 12,757 3,566 1,701 2,901 3,226 9,800 Collateral for F.R. notes: Gold certificate account 11,597 530 3,3291 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 72.380 3.575 17.550 4.150 6.210 6.505 4.000 11.400 3.150 1.510 2.600 2.830 8.900 Total collateral j 84,279 4,129 21,003 4,818 7,098 7,486 4,639 13,168 3,619 1,726 3,036 3,271 10,286 If After deducting $174 million participations of other Federal Reserve Banks. B f i ri s™d banking institutions voiuntariiy heid ^ >»«•*• -d Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis