H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE m Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release MAY 27, 1976 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, May 26, May 19, May 28, May 26, and related items 1976 1976 1975 1976 Reserve Bank credit: 1/ (In millions of c lollars) 1/ 2/ U.S. Government securities-- Bought outright--System account 87,957 + 787 +3,375 87,953 Held under repurchase agreements 2,063 + 801 - 145 2,000 Federal Agency obligations-- Bought outright 6,841 + 234 +1,699 6,827 Held under repurchase agreements 123 + 43 - 101 105 Acceptances-- Bought outright 447 - 27 - 297 435 Held under repurchase agreements 364 + 174 + 298 280 Loans-- Total member bank borrowing 135 + 14 + 51 644 Includes seasonal borrowing of: 11 + 1 + 1 17 Other borrowing -- —— —«• mm a# Float 1,877 - 511 + 56 2,264 Other F.R. assets 3.737 - 278 +1.002 3.820 Total Reserve Bank credit 103,544 4-1, 238 +5,938 104,328 Gold Stock 11,599 -- 21 11,598 Special Drawing Rights certif. acct. 500 -- + 14 500 Treasury currency outstanding 10.581 + 40 +1.112 10.588 126,223 +1 ,277 +7,042 127,014 Currency in circulation * 87,395 - 121 +7,956 87,762 Treasury cash holdings * 500 -— + 167 500 Treasury deposits with F.R. Banks 8,055 +1 ,582 + 581 7,655 Foreign deposits with F.R. Banks 232 - 68 - 34 251 Other deposits with F.R. Banks 4/ 624 + 56 - 287 941 Other F.R. liabilities and capital 3.409 + 175 + 96 3.435 100,216 +1 ,625 +8,479 100,544 Member bank reserves: With Federal Reserve Banks 26,008 - 347 -1,436 26,470 Currency and coin 7.513 - 125 + 748 7.513 Total reserves held 5/ 33,673 - 472 - 536 34,135 Required reserves 33,514 - 381 - 531 33,514 Excess reserves 5/ 159 91 5 621 NOTE: A net of $72 million of s us reserves were eligible to be carried " T ip 1/ 1/ Excludes $470 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $131 million securities loaned--fully secured by U. S Government securities pledged with Federal Reserve Banks. 4/ 5/ Adjusted to include $152 million waivers of penalties for reserve 1975?lenC18S " aCC°rdance with Board policy effective November 19, 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 OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since May 26, May 19, May 28, A S S E TS 1976 1976 1975 Gold certificate account 11,598 22 Special Drawing Rights certif. acct. * 500 Cash (1,509) 349 6 8 Loans 644 102 + 163 Acceptances--Bought outright 435 26 - 305 Held under repurchase agreements 280 140 + 144 Federal Agency obligations--Bought outright 6,827 220 +1,736 Held under repurchase agreements 105 45 - 344 U.S. Government securities: Bought outright--Bills 37,096 + 746 -1,002 Certificates Notes 44,856 +2,, 818 Bonds 6,001 • — +1], 588 Total bought outright 1/2/ 87,953 + 746 +3: ,404 Held under repurchase agreements 2,000 -1 ,080 -2 ,248 Total U.S. Government securities 89,953 - 334 +1 ,156 Total loans and securities 98,244 - 223 +2 ,550 Cash items in process of collection (1,685) 7,831 -1 ,034 + 95 Bank premises 341 + 1 + 60 Operating Equipment 18 - 1 + 16 Other assets 3/ 3,461 + 278 + 805 TOTAL ASSETS (3,194) 122,342 - 974 +3 ,496 L I A B I L I T I ES Federal Reserve notes (1,509) 78,023 + 123 4-6, 848 Deposits: Member bank-reserves account 26,470 -1 ,048 -2 ,892 U.S. Treasury--general account 7,655 - 206 - 32 Foreign 251 + 21 - 43 Other _4/ 941 + 423 - 377 Total deposits 35,317 - 810 -3 ,344 Deferred availability cash items (1,685) 5,567 - 386 - 51 Other liabilities and accrued dividends 1,122 - 16 29 TOTAL LIABILITIES (3,194) 120,029 -1 ,089 +3 ,424 C A P I T AL A C C O U N TS Capital paid in 953 + 1 + 46 Surplus 929 -- + 32 Other capital accounts 431 4- 114 - 6 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Excludes $470 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $131 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. MAY 26. 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 642 343 5,981 -1,083 277 + 20 16 days to 90 days 2 186 18,257 + 865 98 -110 91 days to 1 year -— 186 25,570 - 116 1,004 + 42 Over 1 year to 5 years — -- 27,496 - - 3,356 +101 Over 5 years to 10 years — -- 8,088 -- 1,504 + 82 Over 10 years - - -- 4,561 —— 693 + 40 Digitized for FRASERT otal 644 715 89,953 - 334 6,932 +175 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MAY 26, 1976 New Phila- Cleve- Rich- St. Minne- Kansas I San Total Boston York delohia land mond Atlanta Chicago Louis apolis City Dallas(Francisco (In millions of dollars) A S S E TS Gold certificate account 11,598 542 3,350 641 939 992 599 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 Ot . h R e . r n c o a t s e h s of other banks 1,5 3 0 4 9 9 4 2 9 1 3 2 5 4 7 4 5 9 4 9 8 0 1 3 1 8 1 3 4 1 3 4 2 6 8 2 2 3 9 8 2 1 5 3 4 3 6 9 10 1 4 6 27 3 1 8 A L c o c a e n p s t ances: 644 132 381 14 * 5 8 59 15 9 11 2 8 B He o l u d g h u t n d o e u r t r r ig e h p t u rchase agreements 2 4 8 3 0 5 — 4 2 3 8 5 0 * — M mm — :: — -- — — — Federal Agency obligations-- Bought outright 6,827 316 1,606 379 563 548 366 1,093 278 156 270 324 928 Held under repurchase agreements 105 105 U.S. Government securities: Bought outright— Bills 37,096 1,714 8,725 2,058 3,059 2,977 1,987 5,941 1,512 848 1,468 1,763 5,044 Certificates Notes 44,856 2,073 10,551 2,489 3,698 3,600 2,403 7,183 1,829 1,026 1,775 2,130 6,099 Bonds 6,001 277 1.411 333 495 482 321 961 245 137 238 285 816 Total bought outright V2/ 87,953 4,064 20,687 4,880 7,252 7,059 4,711 14,085 3,586 2,011 3,481 4,178 11,959 Held under repurchase agreements 2,000 2.000 Total U.S. Government securities 89,953 4.064 22,687 4,880 7.252 7,059 4,711 14.085 2,011 3,481 4.178 Total loans and securities 98,244 4,512 25,494 5,273 7,815 7,612 5,085 15,237 3,879 2,176 3,762 4,504 12,895 Cash items in process of collection 9,516 328 1,255 255 464 1,391 797 1,152 367 424 796 701 1,586 Bank premises 341 97 21 56 25 29 14 16 13 32 17 12 9 O O t p h e e r r a ti a n ss g e t E s qu i 3 p / m ent 3,46 1 1 8 86 1,871 2 130 3 159 3 13 * 5 144 1 304 7 4 4 50 1 80 96 2 332 2 Interdistrict settlement account -0- + 149 -2,565 + 199 + 216 + 215 - 201 - 341 + 198 + 325 + 192 + 232 +1,381 TOTAL 125.536 5.808 29.933 6.S42 9.802 10.568 Jum. 18.241 3,278 5,347 6,107 17,898 * Less than $500,000. 1/ Excludes $470 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions 2/ Includes $131 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Ranks 3/ Includes assets denominated in foreign currencies. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON. MAY 26, 1976 H.4.1(c) Total Boston Y N o ew r k d P e h l i p l h a i - a Cl l e an v d e - R m i o c n h d - Atlanta Chicago Lo S u t i . s M a i p n o n l e i - s Ka C n i s t a y s Dallas Fr S a a n n c isco (In millions of dollars) L I A B I L I T I ES Federal Reserve notes 79,532 3,935 20,227 4,604 6,813 7,197 3,779 12,613 3,414 1,677 2,827 3,131 9,315 D D e e p M F f U O o e e o . t s r m r T S h i r b e e o . t e i e t r s d g r a T 2 : n l r / a b e v a d a a n e s i k p u l o r a r s y b e i — i s t g l e s e i r n t v e y e s r c a a l s h ac c i o t u e n m t s 2 3 6 5 7 7 , , , , 4 3 6 9 2 2 5 1 5 7 4 5 1 5 1 7 0 2 1, 4 9 4 2 8 5 3 9 0 0 9 8 8 "' 5 1 7 1 , , , , 8 7 1 8 0 5 6 2 2 0 5 7 0 9 9 1, 8 6 8 1 5 1 7 1 9 3 2 7 2 0 5 1 2 , , 5 3 7 3 7 3 2 1 8 0 5 5 9 1 4 1 1 1 , , , 2 6 9 1 8 7 8 1 7 1 4 6 4 1 0 3 1 2 , , 7 5 3 4 6 4 5 3 1 6 1 3 7 6 7 2 3 4 , , 8 4 3 7 9 2 6 3 5 2 1 8 4 7 9 1, 8 4 2 2 0 5 7 8 9 5 3 2 3 7 1, 6 4 1 4 0 9 1 0 9 4 0 6 1 4 1 1 , , 1 6 5 7 5 1 7 0 5 1 8 9 3 8 1 2 , , 6 3 7 4 0 4 1 6 1 1 6 6 5 0 3 0 6 1 , * 6 2 1 2 7 2 2 1 1 8 8 0 2 Oth d e i r T v O i T l d A i e L a n b d i L s l I i A t B i I e L s I T a I n E d S accured 123 1 , . 2 1 2 2 3 2 j 4 5 8 , 720 29, 2 3 7 3 3 8 6,53 5 4 8 9,60 8 4 2 10,42 7 9 8 6,65 6 8 0 17,8 1 8 5 7 4 5,00 3 9 9 3,21 2 5 4 5,25 3 2 9 5,98 46 2 17,5 2 9 2 5 1 C O S a t u p h r i e p t C l r a A u l P s c I a T p p A a i i L t d a l A i C n a C c O c U o N u T n S t s 9 9 4 2 5 3 9 3 1 E 2 2 4 3 5 9 4 4 2 3 2 3 8 8 3 2 1 5 5 5 3 3 2 4 7 7 2 3 2 1 1 1 4 4 6 4 2 8 3 3 1 2 1 6 2 2 1 7 6 0 4 3 1 0 9 6 5 5 2 3 2 0 1 1 2 1 5 6 8 9 TOT C A A L P I L T I AL A B A I C L C I O T U I N E T S S AND 125,536 5,808 29,933 6,642 9,802 10,568 6,824 18,241 5,088 3,278 5,347 6,107 17,898 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 82,998 4,081 21,030 4,840 6,999 7,397 4,424 12,836 3,585 1,729 2,931 3,2/9 9,8b/ Col G S l o p a l e t d c e i r c a a e l l r t D f i r o f a r i w c i F a n . t g R e . R a i n c g o c h t o t e u s s n : t c ertif. acct. 11,5 3 9 0 6 2 54 2 2 4 3,3 1 5 2 0 4 641 939 992 5599 22 99 88 1,704 46 2 6 0 22 1 2 0 39 1 6 8 42 1 -- 0 9 1,32 5 -- 5 9 A T U o c . t c S a e . p l t G a c o n o v c e l e r l s n a m t e e n r t a l s ecurities 7 8 3 4 . , 0 9 3 3 — 5 3 3 4, . 1 5 4 7 " 1 5 2 1 1 7 , *8 3 5 2 ~~0 4 4 4 . , 3 99 5 1 0 6 7 . ,1 2 4 1 9 0 6 7 . , 5 4 0 9 5 7 4 4 . ,6 0 2 0 7 0 1 1 1 3 . , 4 1 0 0 0 4 3 3 . , 1 6 5 3 0 6 1 1 . ,8 6 4 1 2 0 • 2 3 . , 6 0 0 1 0 4 3 2. , 8 3 8 2 5 4 1 f 0 t , 2 T 8 9 4 0 0 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. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis