H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affddtin#?Bank Reserves and Condition ^|ejt^n^^ F.R. Banks For immediate release May 6, 1976 Averages of daily figures MMeemmbbeerr bbaannkk rreesseerrvveess,, WWeeeekk eennddeedd Change from week ended WWeeddnneessddaayy RReesseerrvvee BBaannkk ccrreeddiitt,, MMaayy 55,, April zo, May 7, MMppyy 55,, aanndd rreellaatteedd iitteemmss 11997766** 1976 1975 11997766** Reserve Bank credit: 1 / (In mil1ions of < ttooiilleerrss)) vvvv U.S. Government securities-- Bought outright--System account 87,682 + 322 +3,921 87,633 Held under repurchase agreements 3,090 +1,972 + 489 2,128 Federal Agency obligations-- Bought outright 6,607 — +1,445 6,607 Held under repurchase agreements 111 + 41 - 490 72 Acceptances-- Bought outright 489 8 - 206 488 Held under repurchase agreements 403 + 273 15 226 Loans-- Total member bank borrowing 30 - 23 4 41 Includes seasonal borrowing of: 11 -- — . 10 Other borrowing — -- -- Float 2,476 + 198 + 795 3,341 Other F.R. assets 4.402 + 101 + 978 4,531 Total Reserve Bank credit 105,289 +2,875 46,912 105,067 Gold Stock 11,599 »- - 21 11,599 Special Drawing Rights certif. aqct. 500 — + 100 500 Treasury currency outstanding 10.528 + 6 +1.093 10.533 127,916 +2,881 +8,085 127,699 Currency in circulation ** 86,797 + 154 +8,392 87,285 Treasury cash holdings ** 500 + 193 500 Treasury deposits with F.R. Banks 8,910 +2,049 - 50 6,046 Foreign deposits with F.R. Banks 284 + 46 + 52 298 Other deposits with F.R. Banks4/ 816 5 + 128 798 OOtthheerr FF..RR.. lliiaabbiilliittiieess aanndd ccaappiittaall 3.392 + 58 + 251 3.082 100,698 +2,301 +8,965 98,009 Member bank reserves: With Federal Reserve Banks 27,218 + 580 - 880 29,690 Currency and coin 7.938 + 323 + 799 7,938 Total reserves he Id .5/ 35,307 + 904 + 70 37,779 Required reserves 34,817 + 563 - 109 34,817 Excess reserves 5/ 490 + 341 + 179 2,962 NOTE: A net of $77 million of deficit reserves were eligible to be carried forward from the week ended April 28, ipto the week ending May 5, On May 5, 1976, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $45,624 million, an increase of $240 million for the week. 1J Net of $792 million, daily average, matched sale-purchase transactions outstanding during the statement week, 2/ Excludes $523 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions, 3,/ Includes $150 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 $151 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. * Estimated (Philadelphia District), ** Estimated (Treasury's figures). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OP ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since May 5, April 28, May 7, A S S E TS 1976 ** 1976 1975 Gold certificate account 11,599 —— - 21 Special Drawing Rights certif. acct« * 500 - - + 100 Cash (1,577) 325 - 12 - 27 Loans 41 - 205 + 20 Acceptances--Bought outright 488 + 2 - 211 Held under repurchase agreements 226 - 97 - 19 Federal Agency obligations—Bought outright 6,607 -- +1,445 Held under repurchase agreements 72 - 124 - 359 U.S. Government securities: Bought outright--Bills 36,776 + 397 - 870 Certificates —— • mm w mm Notes 44,941 + 1 +2,453 Bonds 5,916 —— +2,003 Total bought outright 1/2/ 87,633 + 398 +3,586 Held under repurchase agreements 2,128 -2 ,•014 + 189 Total U.S. Government securities 89,761 -1 ,616 +3.775 Total loans and securities 97,195 -2 ,040 +4,651 Cash items in process of collection (1,701) 9,022 + 696 +1,900 Bank premises 340 + 2 + 61 Operating Equipment 18 —— + 16 Other assets 3/ 4,173 + 178 +1,135 TOTAL ASSETS (3,278) 123,172 -1 ,176 +7,815 L I A B I L I T I ES Federal Reserve notes (1,577) 77,577 + 447 +7,358 Deposits: Member bank-reserves account 29,690 +1 ,657 +2,467 U.S. Treasury—general account 6,046 -2 ,977 -3,116 Foreign 298 + 11 + 41 Other 4/ 798 + 57 + 316 Total deposits 36,832 -1., 252 - 292 Deferred availability cash items (1,701) 5,681 6 + 747 Other liabilities and accrued dividends 1,096 - 23 - 63 TOTAL LIABILITIES (3,278) 121,186 - 834 +7,750 C A P I T AL A C C O U N TS Capital paid in 946 + 39 Surplus 929 — — + 32 Other capital accounts 111 - 342 6 Contingent liability on acceptances purchased, for foreign correspondents 2 * Figures in parentheses are the eliminations made in the consolidating process. ** Estimated (Philadelphia District). 1/ Excludes $523 million of securities sold, and scheduled to be bought back under matched sale-purchase transactions. ' 2/ Includes $150 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. % Includes assets denominated in foreign currencies. 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. MAY 5. 1976 (Acceptances and securities held under repurchase agreements are classified as Utwuui. W A, bUXIl <auuu*uanue \f icn maximum maturity or tne agreements.) U.S. Government Federal Agency Loans Accept- securities obligations ances Holdings [Weekly Holdings IWeekly 1 changes 1 changes -1,527 72 -166 16 days to 90 days 206 15,274 -1,507 315 + 42 91 days to 1 year 217 24,885 +1,490 962 Over 1 year to 5 years 30,570 72 3,255 Over 5 years to 10 years 7,671 1,422 Digitized for FRASER Over 10 years 4,476 -- 653 http://fraser.stlouisfed.org T / otal 41 714 89,761 -1,616 6,679 -124 Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MAY 5, 1976 New ** Phila- Cleve- Rich- St. Minne- Kansas San Total Boston York delphia land Atlanta Chicago Louis apolis Citv Dallas Francisco (In millions of dollars) A S S E TS Gold certificate account 11,599 542 3,351 641 939 992 599 1,704 466 222 397 421 1,325 Special Drawing Rights certif. acct. 500 24 124 31 43 45 28 79 20 10 18 19 59 F.R. notes of other banks 1,577 51 350 78 83 110 310 48 35 26 36 123 327 Other cash 325 22 23 5 47 36 40 26 26 13 44 16 27 Loans 41 * 20 8 — — 4 1 1 5 1 1 Acceptances: Bought outright 488 488 — —• —— — — — — — -- Held under repurchase agreements 226 — 226 — — -- "" Federal Agency obligations-- Bought outright 6,607 305 1,554 367 545 530 354 1,058 269 151 262 314 898 Held under repurchase agreements 72 — 72 U.S. Government securities: "" Bought outright— Bills 36,776 1,700 8,650 2,040 3,032 2,952 1,970 5,889 1,500 841 1,456 1,746 5,000 Certificates Notes 44,941 2,077 10,570 2,494 3,705 3,607 2,407 7,197 1,832 1,028 1,779 2,135 6,110 Bonds 5,916 273 1,392 328 488 475 317 947 241 135 234 281 805 Total bought outright 1/2/ 87,633 4,050 20,612 4,862 7,225 7,034 4,694 14,033 3,573 2,004 3,469 4,162 11,915 Held under repurchase agreements 2,128 2,128 — — — -— — — — — -- -- Total U.S. Government securities 89,761 4,050 22,740 4,862 7,225 7,034 4,694 14,033 3,573 2,004 3,469 4,162 11;915 Total loans and securities 97,195 4,355 25,100 5,237 7,770 7,564 5,048 15,095 3,843 2,156 3,736 4,477 12,814 Cash items in process of collection 10,723 387 1,836 362 560 1,623 1,045 1,242 426 431 890 672 1,249 Bank premises 340 97 21 56 25 28 15 16 13 32 16 12 9 Operating Equipment 18 * 2 3 3 «• — 1 * 4 1 — 2 2 Other assets 3/ 4,173 126 2,021 161 214 188 203 441 100 68 105 134 412 Interdistrict settlement account -0- + 254 - 753 + 54 + 567 72 - 858 - 613 + 238 + 196 - 90 + 838 + 239 TOTAL 126,450 5,858 32,075 6,628 10,251 10,514 6,431 18,038 5,171 3,155 5,152 6,714 16,463 * Less than $500,000. ** Estimated (Philadelphia District). 1/ Excludes $523 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions, 2/ Includes $150 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 MAY 5, 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 79,154 3,927 20,116 4,587 6,785 7,165 3,797 12,532 3,418 1,663 2,789 3,096 9,279 Deposits: Member bank reserves 29,690 880 8,832 921 2,192 1,353 1,591 3,915 756 615 1,107 1,893 5,635 U.S. Treasury—general account 6,046 611 412 782 530 408 I 237 317 578 389 372 1,088 322 Foreign 298 9 1/ 134 10 19 13 17 34 7 6 9 12 28 Other 2/ 798 1 702 6 1 14 37 3 - - 3 2 9 20 Total deposits 36,832 1,501 10,080 1,719 2,742 1,788 1,882 4,269 1,341 1,013 1,490 3,002 6,005 Deferred availability cash items 7,382 308 1,099 153 472 1,372 545 780 307 399 750 460 737 Other liabilities and accured dividends 1.096 48 268 59 82 79 57 156 40 25 41 46 195 TOTAL LIABILITIES 124,464 5,784 31,563 6,518 10,081 10,404 6,281 17,737 5,106 3,100 5,070 6,604 16,216 CAPITAL ACCOUNTS I1 Capital paid in 946 i 35 245 43 82 53 73 144 32 27 40 53 119 Surplus 929 | i 35 239 42 81 52 72 142 31 26 39 52 118 Other capital accounts 111 4 28 25 7 5 5 15 2 2 3 5 10 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 126,450 5,858 32,075 6,628 10,251 10,514 6,431 18,038 5,171 3,155 5,152 6,714 16,463 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding §2,488 4,072 20,903 4,775 6,995 7,379 4,446 12,720 3,564 1,720 2,891 3,242 9,781 Collateral for F.R. notes: S Go p l e d c i c a e l r D t r i a fi 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 8 2 4 5 2 3 4 0 3,3 1 5 2 0 4 64 —- 1 93 —— 9 99 — 2 mm 59 2 9 8 1,70 _ 4 _ 46 2 6 0 22 1 2 0 39 1 6 8 42 1 0 9 1,32 5 5 9 Acceptances —— -- —— —— - - — — • — mm • U.S. Government securities 72.680 3.575 17.650 4.250 6.210 6.505 4.000 11.400 3.150 1.610 2.600 2.830 8.900 Total collateral j 84,566 4,129 21,124 4,891 7,149 7,497 4,627 13,104 3,636 1,842 3,014 3,269 10,284 1/ After deducting $164 million participations of other Federal Reserve Banks. 2/ 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 (Philadelphia District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis