H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE flti Factors Affecting Bank Reserves and ' • f*AL V&>\. Condition Statement of F.R. Banks H.4.1 For immediate release April 29, 1976 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit,. April 28, April 21, 1 April 30, April 28, and related items 1976* 1976 1 1975 1976* Reserve Bank credit: 1/ (In millions of dollars) 2 111 U.S. Government securities-- Bought outright--System account 87,360 +1 ,230 +4,082 87,235 Held under repurchase agreements 1,118 851 -1,491 4,142 - Federal Agency obligations-- Bought outright 6,607 +1,418 6,607 -- Held under repurchase agreements 70 45 - 265 196 - Acceptances-- Bought outright 497 - 6 - 179 486 Held under repurchase agreements 130 190 54 323 - Loans-- Total member bank borrowing 53 + 14 - 188 246 Includes seasonal borrowing of: 11 + 1 + 4 11 Other borrowing -- -- — -- Float 2,264 - 292 + 499 2,646 Other F.R. assets 4.300 - 40 +1.019 4.345 Total Reserve Bank credit 102,400 - 179 +4,843 106,226 Gold Stock 11,599 -- 21 11,599 Special Drawing Rights certif. acct. 500 + 100 500 -- Treasury currency outstanding 10.522 + 8 +1.085 10.526 125,021 - 172 +6,007 128,851 Currency in circulation ** 86,643 - 489 +8,506 86,821 Treasury cash holdings ** 500 -- + 198 500 Treasury deposits with F.R. Banks 6,861 + 858 -1,041 9,023 Foreign deposits with F.R. Banks 238 + 6 - 41 287 Other deposits with F.R. Banks 4/ 821 - 25 + 245 741 OOtthheerr FF..RR.. lliiaabbiilliittiieess aanndd ccaappiittaall 3.334 + 98 8 3.446 98,397 + 447 +7,859 100,818 Member bank reserves: With Federal Reserve Banks 26,623 - 620 -1,854 28,033 Currency and coin 7.615 + 526 + 597 7.615 Total reserves held 5J 34,388 - 93 -1,107 35,798 Required reserves 34,254 - 21 -1,052 34,254 Excess reserves ,5/ 134 - 72 55 1,544 NOTE: A net of $42 million of surplus reserves were eligible to be carried forward from the week ended April 21, into the week ending April 28. On April 28, 1976, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $45,384 million, an increase of $614 million for the week. 1/ Net of $352 million ,daily average, matched sale-purchase transactions outstanding during the statement week. 2,/ Excludes $681 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3./ Includes $204 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 4/ Includes $12 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 $150 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. * Estimated (Dallas District). ** Estimated (Treasury1s 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 April 28, April 21, April 30, A S S E TS 1976 ** 1976 1975 Gold certificate account - 11,599 —— - 21 Special Drawing Rights certify acct, * 500 —— + 100 Cash (1,678) 336 - 8 11 Loan - 246 + 72 -1,293 Acceptances—Bought outright 486 - 20 - 203 He Id under repurchase agreements 323 - 21 - 173 Federal Agency ob1igations--Bought outright 6,607 -- +1,418 Held under repurchase agreements 196 - 68 - 686 U.S. Government securities: Bought outright--Bills 36,379 + 926 - 843 Certificates - • ' Notes 44,940 +2,452 Bonds 5,916 •»— +2,003 Total bought outright 1/2/ 87,235 + 926 +3,612 Held under repurchase agreements 4,142 - 829 - 81 Total U.S. Government securities 91,377 + 97 +3,531 Total loans and securities 99,235 + 60 +2,594 Cash items in process of collection (1,855) 8,291 - 629 +1,257 Bank premises 338 + 2 + 61 Operating Equipment 18 —— + 16 Other assets 3/ 3,989 - 334 + 971 TOTAL ASSETS (3,533) 124,306 - 909 +4,967 L I A B I L I T I ES Federal Reserve notes (1,678) 77,131 363 +7,570 Deposits: Member bank-reserves account 28,033 - 845 -3,995 U.S. Treasury—general account 9,023 +1 ,129 + 660 Foreign 287 + 35 + 17 Other 4/ 741 - 373 + 168 Total deposits 38,084 - 54 -3,150 Deferred availability cash items (1,855) 5,645 - 478 + 553 Other liabilities and accrued dividends 1,119 - 123 - 73 TOTAL LIABILITIES (3,533) 121,979 -1 ,018 +4,900 C A P I T AL A C C O U N TS Capital paid in 946 __ + 40 Surplus 929 —— + 32 Other capital accounts 452 + 109 5 Contingent liability on acceptances purchased, for foreign correspondents * Figures in parentheses are the eliminations made in the consolidating process. ** Estimated (Dallas District). 1/ Excludes $681 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $204 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. 4/ Includes $12 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 28 1976 r (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 244 379 8,412 -699 238 — 68 16 days to 90 days 2 235 16,781 +688 273 -- 91 days to 1 year — — 195 23,395 +108 962 - - Over 1 year to 5 years -- -- 30,642 — 3,255 -- Over 5 years to 10 years - - - - 7,671 -- 1,422 -- Over 10 years — -- 4,476 -- 653 — Digitized for FRASER Total 246 809 91,377 + 97 6,803 — 68 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 28, 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 1,678 56 384 68 91 128 330 69 41 27 40 123 321 Other cash 336 23 27 4 48 36 39 25 26 14 44 14 36 Loans 246 7 20 16 2 1 60 40 35 8 10 1 46 Acceptances: Bought outright 486 —— 486 —— — —— — —— — —- — — —— Held under repurchase agreements 323 - - 323 —- — -- — —- —— —— - - -— -- Federal Agency obligations-- Bought outright 6,607 307 1,586 388 522 534 345 995 252 144 270 338 926 Held under repurchase agreements 196 -- 196 —- -- — — — — —— —— -— - — U.S. Government securities: Bought outright— Bills 36,379 1,691 8,730 2,137 2,874 2,939 1,900 5,480 1,386 794 1,487 1,860 5,101 Certificates — — — W — «* — — — — — — — — — — — — —— mm mm —— —— 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/ 87,235 4,055 20,935 5,123 6,892 7,049 4,555 13,140 3,323 1,905 3,566 4,460 12,232 Held under repurchase agreements 4,142 —— 4,142 —— —— — — — — — — —— mm mm mm • — — Total U.S. Government securities 91,377 4,055 25,077 5,123 6,892 7,049 4,555 13,140 3,323 1,905 3,566 4,460 12,232 Total loans and securities 99,235 4,369 27,688 5,527 7,416 7,584 4,960 14,175 3,610 2,057 3,846 4,799 13,204 Cash items in process of collection 10,146 315 1,339 369 557 1,525 835 1,252 662 533 1,011 681 1,067 Bank premises 338 96 21 56 25 27 14 16 13 32 17 12 9 Operating Equipment 18 2 3 3 * 1 -- 4 1 — — 2 2 Other assets 3/ 3,989 116 1,886 163 207 184 172 383 91 71 104 131 481 Interdistrict settlement account -0- + 550 -2,941 - 319 + 599 - 165 + 187 + 78 + 627 + 44 + 281 + 382 + 677 TOTAL 127.839 6,079 31.860 6.570 9,877 10.345 7,177 17,945 5,543 2,995 5.780 6.585 , 17.183 * Less than $500,000. ** Estimated (Dallas District). 1/ Excludes $681 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $204 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 2/ 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 A^RIL 28, 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 78,809 3,925 20,066 4,581 6,771 7,144 3,742 12,478 3,391 1,656 2,769 3,072 9,214 Deposits: Member bank reserves 28,033 992 8,017 929 1,601 1,294 1,795 3,542 841 623 1,212 1,745 5,442 U.S. Treasury—general account 9,023 720 1,229 608 739 353 849 470 740 205 850 1,070 1,190 Foreign 287 9 1/ 112 11 20 13 18 36 8 7 10 13 30 Other2/ 741 2 579 4 1 14 37 4 •*— 2 1 75 22 Total deposits 38,084 1,723 9,937 1,552 2,361 1,674 2,699 4,052 1,589 837 2,073 2,903 6,684 Deferred availability cash items 7,500 295 978 269 471 1,285 512 820 448 415 803 435 769 Other liabilities and accured dividends 1.119 47 278 58 75 102 57 142 36 24 39 48 213 TOTAL LIABILITIES 125,512 5,990 31,259 6,460 9,678 10,205 7,010 17,492 5,464 2,932 5,684 6,458 16,880 CAPITAL ACCOUNTS 1[ Capital paid in 946 j i 35 245 43 82 53 73 144 32 27 40 53 119 Surplus 929 ! S 35 239 42 81 52 72 142 31 26 39 52 118 Other capital accounts 452 19 117 25 36 35 22 67 16 10 17 22 66 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 127,839 6,379 31,860 6,570 9,877 10,345 7,177 17,845 5,543 2,995 5,780 6,585 17,183 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 82,446 4,075 20,878 4,753 6,979 7,381 4,461 12,716 3,569 1,717 2,896 3,221 9,800 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 • — -- —— -- - - -- —— mm * • — #» U.S. Government securities 72.580 3.575 17.650 4.150 6.210 6.505 4.000 11.400 3.150 1.610 2.600 2.830 8.900 Total collateral 84,479 4,129 21,103 4,818 7,098 7,486 4,639 13,168 3,619 1,826 3,036 3,271 10,286 1/ After deducting $175 million participations of other Federal Reserve Banks. 2J Includes $12 million of certain deposits of foreign-owned banking institutions voluntarily held with member banks and redeposited in full with Federal Reserve Banks. ** Estimated (Dallas District) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis