H.4.1 Factors Affecting Reserve Balances of Depository Institutions

: § m, FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release June 3, 1976 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, June 2, May 26, June 4, June 2, and related items * is 1975 * 1976 122JL Reserve Bank credit: i/ In millions of dollars) 2/ 3/ U.S. Government securities-- Bought outright--System account 87,076 - 881 4-3,331 84,598 Held under repurchase agreements 1,995 - 68 + 355 Federal Agency obligations-- Bought outright 6,827 14 +1,739 6,827 Held under repurchase agreements 94 - 29 - 181 Acceptances-- Bought outright 434 13 - 301 420 Held under repurchase agreements 292 72 + 173 Loans-- Total member bank borrowing 242 + 107 + 158 166 Includes seasonal borrowing of: 17 + 6 + 8 16 Other borrowing Float 1,988 + 95 - 171 3,140 Other F.R. assets 3.792 + 55_ + 731 3*978 Total Reserve Bank credit 102,740 - 820 +5,835 99,129 Gold Stock 11,598 1 22 11,598 Special Drawing Rights certif. acct. 500 500 Treasury currency outstanding 10,590 +1,029 10,596 125,429 - 810 +6,843 121,823 Currency in circulation ** 87,874 + 479 +7,970 88,436 Treasury cash holdings ** 500 + 127 500 Treasury deposits with F.R. Banks 6,777 -1,278 + 962 6,128 Foreign deposits with F.R. Banks 275 + 43 10 235 Other deposits with F.R. Banks 4/ 716 + 92 - 578 849 Other F.R. liabilities and capital 3^438 + 29 + 141 3,156 99,579 - 637 +8,611 99,304 Member bank reserves: With Federal Reserve Banks 25,849 - 175 -1,769 22,519 Currency and coin 7,830 + 317 + 937 7,830 Total reserves held 5/ 33,832 + 14? - 679 30,502 Required reserves 33,363 - 151 - 814 33,363 Excess reserves 5/ 469 + 294 + 135 - 2,861 NOTE: A net of $56 million of surplus reserves were eligible to be carried forward from the week ended May 27, into the week ending June 2. On June 2, 1976, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $45,832 million, an incre^e of $320 million for the week. 1J Net of $1,206 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $3,255 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $148 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 $153 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. Digitized for FRASE*R Estimated (Treasury's figures). http://fraser.stlouis*fe*d .oErsgt/ imated (Philadelphia, Richmond, Atlanta, Dallas, and San Francisco Districts). Federal Reserve Bank of St. Louis

H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERA LRESERVE BANKS (In millions of dollars) Wednesday Change since June 2, May 26, June 4, A S S E TS 1976 ** 1976 1975 Gold certificate account 11,598 - 22 Special Drawing Rights certif. acct* * 500 — *» *• Cash (1,391) 342 7 14 Loans 166 - 478 - 291 Acceptances--Bought outright 420 - 15 - 299 Held under repurchase agreements —— - 280 - 109 Federal Agency obligations--Bought outright 6,827 — +1,742 Held under repurchase agreements -- - 105 - 162 U.S. Government securities: Bought outright--Bills 33,741 -3,355 -2,865 Certificates — «• —— mmmm Notes 44,856 —— +2,818 Bonds 6,001 +1,588 Total bought outright 1/2/ 84,598 -3,355 +1,541 Held under repurchase agreements — -2,000 - 698 Total U.S. Government securities 84,598 -5,355 + 843 Total loans and securities 92,011 -6,233 +1,724 Cash items in process of collection (1,110) 10,231 4-2,400 +2,276 Bank premises 342 + 1 + 57 Operating Equipment 18 — + 16 Other assets 2/ 3.618 + 157 + 894 TOTAL ASSETS (2,501) 118,660 -3,682 +4,931 L I A B I L I T I ES Federal Reserve notes (1,391) 78,682 + 659 +7,166 Deposits: Member bank-reserves account 22,519 -3,951 -8,392 U.S. Treasury—general account 6,128 -1,527 +4,270 Foreign 235 16 - 19 Other 4/ 849 92 - 249 Total deposits 29,731 -5,586 -4,390 Deferred availability cash items (1,110) 7,091 +1,524 +2,026 Other liabilities and accrued dividends 1,057 - 65 - 87 TOTAL LIABILITIES (2,501) 116,561 -3,468 +4,715 C A P I T AL A C C O U N TS Capital paid in 953 — mm + 44 Surplus 929 mm mm + 32 Other capital accounts 217 - 214 + 140 Contingent liability on acceptances purchased, for foreign correspondents Figures in parentheses are the eliminations made in the consolidating process. ** Estimated (Philadelphia, Richmond, Atlanta, Dalla sand San Francisco Districts). V Excludes $3,255 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $148 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 bank sand redeposited in full with Federal * Reserve Banks. MATURITY DISTRIBUTION: OF LOANS AND SECURITIES - JUN E2. 1976 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 davs in accordance vyi th maximum maturity of the agreements.) U.S. Government Federal Agency Loans Accept- securiti. es obligations ances Holdings Weekly Holdings IWeekly changes 1 changes Within 15 days 162 60 1,722 -4,259 110 -167 16 days to 90 days 4 179 16,899 -1,358 199 +101 91 days to 1 year -- 181 25,862 + 292 965 - 39 Over 1 year to 5 years -- - - 27,466 - 30 3,356 Over 5 years to 10 years — — 8,088 mm w 1,504 Over 10 years — —— 4,561 mm — 693 Total 166 420 84,598 -5,355 6,827 -105 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 JUNE 2, 1976 New * Phila- Cleve- Rich- St. Hinne-I Kansas I * I San * Total Boston York delphia land Atlanta I Chicago Louis apolis I Cltv 1 DallasiFranctsco (In millions of dollars) A S S E TS G S o p l e d c i c a e l r t D i r f a i w c i a n t g e R a i c g c h o t u s n t c ertif. acct. 11, 5 5 0 9 0 8 54 2 2 4 3,3 1 5 2 0 4 64 3 1 1 9 4 3 3 9 9 4 9 5 2 59 2 9 8 1,70 7 4 9 46 2 6 0 22 1 2 0 39 1 7 8 42 1 1 9 1,32 5 5 9 F.R. notes of other banks 1,391 44 313 57 72 97 282 49 33 25 39 108 272 Other cash 342 20 22 5 47 37 43 27 28 13 46 17 37 Loans 166 2 2 7 — — 2 108 21 4 8 11 1 Acceptances: :: Bought outright 420 420 — -- — — — — — «* Held under repurchase agreements Fed B e o r u a g l h t A o g u e t n r c i y g h o t b ligations- 6,827 316 1,606 379 563 548 366 1,093 278 156 270 324 928 Held under repurchase agreements U.S. Government securities: Bou B g i h l t l s o utright- 33,741 1,559 7,936 1,872 2,782 2,708 1,807 5,403 1,376 771 1,336 1,603 4,588 C B N e o o r n t t d e s s i ficates 44 6 , . 8 0 5 0 6 1 2,0 2 7 7 3 7 10 1 , , 5 41 5 1 1 2,4 3 8 3 9 3 3, 4 6 9 9 5 8 3, 4 6 8 0 2 0 2,4 3 0 2 3 1 7,1 9 8 6 3 1 1,8 2 2 4 9 5 1,0 1 2 3 6 7 1,7 2 7 3 5 8 2,1 2 3 8 0 5 6,0 8 9 1 9 6 Total bought outright 1/2/ 84,598 3,909 19,898 4,694 6,975 6,790 4,531 13,547 3,450 1,934 3,349 4,018 11,503 T T o o t t He a a l l ld U l u o . n a S d . n s e G r a o n v r d e e r p n u s m r e e c c n h u t a r s i s e t e i c e a u s g r r i e t e i m e e s n ts 8 9 4 2 , , 5 0 9 1 8 1 4 3 , ,9 2 0 2 9 7 21,9 1 2 9 6 ,898 5,080 4.694 7,538 6,975 7,338 6,790 4,899 4 ,531 1 14 3 , . 7 5 4 4 8 7 3 3 , , 7 4 4 5 9 0 2 1 , .9 0 3 9 4 4 3 3 . , 3 6 4 2 9 7 4,0 1 4 8 , 353 1 1 1 2 , , 5 4 0 3 3 2 Cash items in process of collection 11,341 398 1,801 291 656 1,727 880 1,442 492 494 906 704 1,550 B O O I a p t n n e h t k e r e r a r p t d r a i i e s n s s m g t e i r t s E i s e q c s u t i 3 p s / m e e t n t t l ement account 3,6 3 - 1 4 1 Q- 8 2 8 + 90 9 9 8 7 1 2 + 1 , 1 8 , 5 1 9 84 2 1 5 3 4 4 7 - 3 3 2 4 5 — 0 2 1 9 14 1 + 7 6 284 1 + 4 8 152 2 - 2 5 2 81 + 61 31 1 8 6 + 24 1 8 2 3 4 8 + 22 3 5 2 3 1 8 + 48 1 8 4 6 + 5 1 0 1 0 2 2 0 -2, 3 0 2 9 7 9 2 8 TOTAL 121.161 5.540 30.602 6.348 9.783 10,565 6,690 18,444 5,135 3.172 5,181 13,915 * Estimated (Philadelphia, Richmond, Atlanta, Dallas, and San Francisco Districts). 1/ Excludes $3,255 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $148 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 JUNE 2, 1976 New Phila- Cleve- Rich- 1 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 80,073 3,955 20,369 4,625 6,846 7,231 3,808 12,726 3,444 1,687 2,859 3,161 9,362 Federal Reserve notes Deposits: Member bank reserves 22,519 721 6,249 691 1,542 1,155 1,581 3,569 751 532 1,035 1,491 3,202 U.S. Treasury—general account 6,128 389 1,162 621 593 462 488 598 469 437 327 474 108 Foreign 235 9 1/ 64 11 20 13 18 35 7 6 10 13 29 Other y 849 1 * 755 2 — — 12 38 6 1 2 2 13 17 Total deposits 29,731 1,120 8,230 1,325 2,155 1,642 2,125 4,208 1,228 ' 977 1,374 1,991 3,356 Deferred availability cash items 3,201 345 1,265 225 535 1,466 528 1,062 359 428 828 459 701 Other liabilities and accured dividends 1,057 48 241 60 80 78 58 155 40 24 37 46 190 TOTAL LIABILITIES 119,062 5,468 30,105 6,235 9,616 10,417 6,519 18,151 5,071 3,116 5,098 5,657 13,609 CAPITAL ACCOUNTS 1 Capital paid in 953 | 35 245 43 82 53 73 144 32 27 40 53 126 Surplus 929 ! 35 239 42 81 52 72 142 31 26 39 52 118 Other capital accounts 217 2 13 28 4 43 26 7 1 3 4 24 62 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 121,161 5,540 30,602 6,348 9,783 10,565 6,690 18,444 5,135 3,172 5,181 5,786 13,915 FEDERAL RESERVE AGENTS1 ACCOUNTS F.R. notes outstanding 83,152 4,075 21,082 4,828 7,015 7,411 4,410 12,889 3,587 1,742 22,,995522 3,276 y,8%5 Collateral for F.R. notes: Gold certificate account 11,596 542 3,350 641 939 992 599 1,704 466 222 396 420 1,325 Special Drawing Rights certif. acct. 302 24 124 — M 28 20 10 18 19 59 Acceptances __ U.S. Government securities 73,035 3,575 17,850 4,350 6,210 6,505 4,000 11,400 3,150 1,610 2,600 2,885 8,900 Total collateral 84,933 4,141 21,324 4,991 7,149 7,497 4,627 13,104 3,636 1,842 3,014 3,324 10,284 * Estimated (Philadelphia, Richmond, Atlanta, Dallas, and San Francisco Districts.) 1/ After deducting $171 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