H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For Immediate release June 10, 1976 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, June 9, June 2, 1 June 11, June 9, and related items 1976 1976 1 1975 1976 Reserve Bank credit: lj (In millions of dollars) 2/ 3/ U.S. Government securities-- Bought outright--System account 84,135 -2,941 +3,070 83,227 Held under repurchase agreements -- -1,995 -- -- Federal Agency obligations-- Bought outright 6,827 +1,742 6,827 Acc H e e p l t d a u n n ce d s e - r - repurchase agreements -- - 94 -- -- Bought outright 422 12 - 286 412 Held under repurchase agreements -- - 292 -- Loans-- Total member bank borrowing 93 - 149 + 55 351 Includes seasonal borrowing of: 12 5 + 1 14 Other borrowing Float 2,935 +1,018 + 813 2,657 Other F.R. assets 3,799 + 4 + 773 3,819 Total Reserve Bank credit 98,211 -4,461 +6,167 97,293 G Sp ol e d c S ia t l o D ck r awing Rights certif. acct. 11,5 5 9 0 8 0 — — - 22 •» W 11,5 5 9 0 8 0 Treasury currency outstanding 10,609 + 19 +1,082 10,609 120,918 -4,442 +7,227 120,000 Currency in circulation 88,604 + 716 +8,128 88,982 Treasury cash holdings 500 — — + 120 500 Treasury deposits with F.R. Banks 2,951 -3,826 +1,118 2,496 Foreign deposits with F.R. Banks 255 - 20 3 238 Other deposits with F.R. Banks 4/ 669 - 47 - 439 637 Other F.R. liabilities and capital 3,056 - 360 + 47 3,112 96,036 -3,535 +8,972 95,965 Member bank reserves: With Federal Reserve Banks 24,882 - 907 -1,745 24,035 Currency and coin 8,096 + 266 +1,016 8,096 Total reserves held 5/ 33,133 - 639 - 574 32,286 Required reserves 33,198 - 165 - 545 33,198 Excess reserves 5/ 65 - 474 29 - 912 NOTE: A net of $197 million of surplus reserves were eligible to be carried forward from the week ended June 2, into the week ending June 9. On June 9, 1976, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $45,503 million, a decrease of $329 million for the week. JL/ Net of $3,300 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $4,323 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions• 3/ Includes $96 million of securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 4/ Includes $12 million of certain deposits of foregin-owned banking institutions voluntarily held with member banks and redeposited in full with Federal Reserve Banks. 5/ Adjusted to include $155 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. * 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 (Inmillions of dollars) Wednesday Change since June 9, June 2, June 11, A S S E TS 1976 1976 1975 Gold certificate account 11,598 -- - 22 Special Drawing Rights certif. acct. * 500 -— —— Cash (1,307) 344 + 2 9 Loans 351 + 185 + 236 Acceptances--Bought outright 412 - 8 - 286 Held under repurchase agreements -- —— -- Federal Agency obligations--Bought outright 6,827 —— +1,742 Held under repurchase agreements -- —- —— U.S. Government securities: Bought outright--Bills 32,370 -1 ,371 -1,073 Certificates -- -- — — Notes 44,856 •» — +2,818 Bonds 6,001 -- +1,588 Total bought outright 1/2/ 83,227 -1 ,371 +3,333 Held under repurchase agreements — — — —- Total U.S. Government securities 83,227 -1 ,371 +3,333 Total loans and securities 90,817 -1 ,194 +5,025 Cash items in process of collection (1,596) 7,701 -1 ,493 + 180 Bank premises 343 + 1 + 59 Operating Equipment 19 + 1 + 17 Other assets 3/ 3,457 - 185 + 594 TOTAL ASSETS (2,903) 114,779 -2 ,868 +5,844 L I A B I L I T I ES Federal Reserve notes (1,307) 79,217 + 438 +7,084 Deposits: Member bank-reserves account 24,035 +2 ,090 -2,263 U.S. Treasury-general account 2,496 -3 ,632 +1,439 Foreign 238 + 3 - 16 Other 4/ 637 - 212 - 528 Total deposits 27,406 -1: ,751 -1,368 Deferred availability cash items (1,596) 5,044 -1,665 + 96 : Other liabilities and accrued dividends 1,054 + 3 - 39 TOTAL LIABILITIES (2,903) 112,721 -2, ,975 +5,773 C A P I T AL A C C O U N TS Capital paid in 954 + 1 + 45 Surplus 929 — • + 32 Other capital accounts 175 + 106 6 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Excludes $4,323 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $96 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. JUNE 9. 1Q7fi (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 Loans Accept- securities ances Holdings Weekly Holdings Weekly changes 1 changes Within 15 days 346 52 2,706 + 984 110 16 days to 90 days 5 190 14,629 -2,270 251 + 52 91 days to 1 year 170 25,777 - 85 913 - 52 Over 1 year to 5 years 27,466 • •» 3,356 mm mm Over 5 years to 10 years 8,088 • * 1,504 mm mm Over 10 years 4,561 •» — 693 __ Total 351 412 83,227 -1,371 6,827 — — 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 9, 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 11,598 542 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.R. notes of other banks 1,307 34 345 68 64 80 251 53 33 23 36 94 226 Other cash 344 20 23 5 47 39 43 27 29 13 45 16 37 Loans 351 14 253 6 * 41 22 3 4 8 Acceptances: Bought outright 412 —— 412 — — «• «- wm mm • • . — — • mm __ Held under repurchase agreements —— —— — — — — — *» * mm mm w «• mm w 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 — -- —- —— —— —— mmmm — — — — — — — mm mm mm U.S. Government securities: Bought outright- Bills 32,370 1,496 7,614 1,796 2,669 2,598 1,734 5,184 1,319 740 1,281 1,538 4,401 Certificates — —— — — — — — — — WW 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 1/2/ 83,227 3,846 19,576 4,618 6,862 6,680 4,458 13,328 3,393 1,903 3,294 3,953 11,316 Held under repurchase agreements — —— —- -- — — — —— mmmm — mm mm Total U.S. Government securities 83,227 3,846 19,576 4,618 6,862 6,680 4,458 13,328 3,393 1,903 3,294 3,953 11,316 Total loans and securities 90,817 4,176 21,847 5,003 7,425 7,228 4,824 14,462 3,671 2,081 3,567 4,281 12,252 Cash items in process of collection 9,297 339 1,330 219 492 1,381 912 1,285 420 419 850 703 947 Bank premises 343 98 21 57 25 29 14 16 13 32 17 12 9 Operating Equipment 19 — 2 3 3 * 1 5 1 2 2 Other assets 3/ 3,457 94 1,746 155 171 154 148 326 82 58 87 105 331 Interdistrict settlement account -0- + 28 + 920 - 184 - 11 + 77 - 488 - 449 + 87 - 31 - 76 — 88 + 215 TOTAL 117,682 5,355 29,708 5,998 9,198 10,025 6.332 17.503 4.826 2.828 4.941 5.565 15.403 * Less than $500,000. 1/ Excludes $4,323 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $96 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

8.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 9, 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 80,524 3,975 20,377 4,686 6,868 7,276 3,831 12,825 3,460 1,697 2,886 33,,117799 9,464 Deposits: Member bank reserves 24,035 766 6,509 720 1,493 1,122 1,634 3,032 804 532 1,040 1,609 4,774 U.S. Treasury—general account 2,496 184 425 250 197 222 141 278 173 113 193 165 155 Foreign 238 9 1/ 67 10 20 13 18 35 8 6 10 13 29 Other 2/ 637 2 551 1 — 10 36 6 — — 2 1 13 15 Total deposits 27,406 961 7,552 981 1,710 1,367 1,829 3,351 985 653 1,244 1,800 4,973 Deferred availability cash items 6,640 296 1,019 178 365 1,187 460 865 227711 339955 668877 442277 449900 Other liabilities and accured dividends 1,054 47 238 57 79 77 56 152 41 25 37 46 199 TOTAL LIABILITIES 115,624 5,279 29,186 5,902 9,022 9,907 6,176 17,193 4,757 2,770 4,854 5,452 15,126 CAPITAL ACCOUNTS 1 Capital paid in 954 | i 35 245 43 83 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 175 6 38 11 12 13 11 24 6 5 8 8 33 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 117,682 5,355 29,708 5,998 9,198 10,025 6,332 17,503 4,826 2,828 4,941 5,565 15,403 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding Collateral for F.R. notes: 84,318 4,807 21,121 4,845 7,037 7,456 4,416 13,028 3,611 1,740 2,994 3,284 9,979 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 -- - - — — 28 — «. 20 10 18 19 59 Acceptances -- — — — — — — — •» — w U.S. Government securities 73,180 3,575 17,850 4,350 6,210 6,550 4,000 11,400 3,150 1,610 2,700 2,885 8,900 Total collateral 85,078 4,141 21,324 4,991 7,149 7,542 4,627 13,104 3,636 1,842 3,114 3,324 10,284 1/ After deducting $171 million participations of other Federal Reserve Banks. 2/ Includes $12 million of certain deposits of foregin-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