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 17, 1976 Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, June 16, * June 9 , I June 18, June 16, and related items 1976 1Q76 1 1975 1976 Reserve Bank credit: (In millions of dollars) U.S. Government securities-- 2/ 3/ Bought outright--System account 83,715 +2,580 + 4,843 87,350 Held under repurchase agreements 276 + 276 31 1,931 Federal Agency obligations— Bought outright 6,805 22 + 1,720 6,805 Held under repurchase agreements 8 + 8 9 56 Acceptances-- Bought outright 405 17 277 396 Held under repurchase agreements 40 4- 40 + 37 281 Loans— Total member bank borrowing 48 45 29 60 Includes seasonal borrowing of: 16 + 4 + 6 15 Other borrowing Float 2,556 - 401 + 424 3,643 Other F.R. assets 4,250 + 451 + 1,110 3,956 Total Reserve Bank credit 101,103 4-2,870 4 7,788 104,478 Gold Stock 11,598 -- 22 11,598 Special Drawing Rights certif. acct. 500 —— — • 500 Treasury currency outstanding 10,616 + 7 + 1,078 10,623 123,817 +2,877 + 8,844 127,199 Currency in circulation ** 88,778 + 174 + 8,003 88,948 Treasury cash holdings ** 500 - — + 137 500 Treasury deposits with F.R. Banks 4,050 +1,099 + 2,586 5,763 Foreign deposits with F.R. Banks 261 + 6 45 235 Other deposits with F.R. Banks 4/ 1,030 + 361 39 780 Other F.R. liabilities and capital 3,186 + 130 + 51 3,267 97,804 +1,768 +10,692 99,493 Member bank reserves: With Federal Reserve Banks 26,012 +1,108 - 1,849 27,706 Currency and coin 7,848 - 248 + 712 7,848 Total reserves held 5/ 34,019 + 864 - 918 35,713 Required reserves 33,397 + 199 - 1,206 33,397 Excess reserves 5/ 622 665 288 NOTE: A net of $36 million of surplus reserves were eligible to be carried forward from the week ended June 9, into the week ending June 16. On June 16, 1976, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $45,642 million, and increase of $139 million for the week. JL/ Net of $1,250 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $1,149 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $64 million securities loaned—fully secured by U. S. Government securities pledged with Federal Reserve Banks. —/ Includes $12 million of certain deposits of foregin-owned banking institutions voluntarily held with member banks and redeposited in full with Federal Reserve Bantei 5/ Adjusted to include $159 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. * Estimated (Atlanta 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 OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since June 16, June 9, June 18, A S S E TS 1976 1976 1975 Gold certificate account 11,598 mm m 22 Special Drawing Rights certif. acct. * 500 mmm Cash (1,405) 344 — • - 13 Loans 60 - 291 - 314 Acceptances—Bought outright 396 16 - 276 Held under repurchase agreements 281 + 281 + 272 Federal Agency obligations--Bought outright 6,805 - 22 +1,720 Held under repurchase agreements 56 + 56 4 U.S. Government securities: Bought outright—Bills 36,493 +4,123 - 138 Certificates mm m Notes 44,856 +2,818 Bonds 6,001 -- +1,588 Total bought outright 11//22// 87,350 +4,123 +4,268 Held under repurchase agreements 1.931 +1,931 + 885 Total U.S. Government securities 89.281 +6,054 +5,153 Total loans and securities 96,879 +6,062 +6,551 Cash items in process of collection (2,083) 9,927 +2,226 + 877 Bank premises 342 1 + 57 Operating Equipment 18 1 + 16 Other assets 3/ 3,596 + 139 + 742 TOTAL ASSETS*™ (3,488) 123,204 +8,425 +8,208 L I A B I L I T I ES Federal Reserve notes (1,405) 79,169 - 48 +7,101 Deposits: Member bank-reserves account 27,706 +3,671 -2,185 U.S. Treasury-general account 5,763 +3,267 +3,124 Foreign 235 3 60 Other 4/ 780 + 143 - 105 Total deposits 34,484 +7,078 + 774 Deferred availability cash items (2,083) 6,284 +1,240 + 273 Other liabilities and accrued dividends 1,106 + 52 14 TOTAL LIABILITIES (3,488) 121,043 +8,322 +8,134 C A P I T AL A C C O U N TS Capital paid in 954 __ + 44 Surplus 929 + 32 Other capital accounts 278 + 103 2 * Figures in parentheses are the eliminations made in the consolidating process. JLz Excludes $1,149 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $64 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. .TIINF. 16, 1Q7A (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 obligations ances Holdings Weekly Holdings Weekly changes [changes Within 15 days 56 327 6,563 +3,857 82 - 28 16 days to 90 days 4 183 16,505 4-1,876 306 + 55 91 days to 1 year 167 26,098 + 321 902 - 11 Over 1 year to 5 years 27,466 — 3,374 + 18 Over 5 years to 10 years 8,088 -- 1,504 Over 10 years 4,561 22 693 -- Total 60 677 89,281 +6,054 6,861 + 34 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 16, 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 1,405 45 361 72 70 93 251 63 34 25 39 89 263 Other cash 344 20 22 4 47 38 43 27 31 13 46 17 36 Loans 60 6 * 19 -- 4 1 4 -- 1 21 4 * Acceptances: Bought outright 339966 — 339966 Held under repurchase agreements 281 -- 281 Federal Agency obligations— Bought outright 6,805 314 1,601 378 561 554466 365 1,090 227777 115566 226699 332233 992255 Held under repurchase agreements 56 — 56 "" U.S. Government securities: Bought outright- Bills 36,493 1,687 8,583 2,025 3,009 2,929 1,955 5,844 1,487 834 11,,444444 11,,773344 44,,996622 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 1/2/ 87,350 4,037 20,545 4,847 7,202 7,011 4,679 13,988 3,561 1,997 3,457 4,149 11,877 Held under repurchase agreements 1,931 — — 1,931 — — — — — — -- — -- Total U.S. Government securities 89,281 4,037 22,476 4,847 7,202 7,011 4,679 13,988 3,561 1,997 3,457 4,149 11,877 Total loans and securities 96,879 4,357 24,810 5,244 7,763 7,561 5,045 15,082 3,838 2,154 3,747 4,476 12,802 Cash items in process of collection 12,010 447 1,972 289 662 1,851 902 1,895 523 524 986 904 1,055 Bank premises 342 99 21 56 25 29 14 16 13 32 16 12 9 Operating Equipment 18 -- 2 3 3 — 1 -- 4 1 — 2 2 Other assets 3/ 3,596 99 1,839 151 178 172 147 329 85 55 93 110 338 Interdistrict settlement account -0- + 256 - 825 - 344 - 189 - 241 - 590 - 597 - 52 + 39 - 133 - 55 +2,731 TOTAL 126,692 5,889 31,676 6,147 9,541 10,540 6,440 18,598 4,962 3,075 5,209 5,995 18,620 * Less than $500,000. ** Estimated (Atlanta District). 1/ Excludes $1,149 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $64 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 16, 1976 New Phila- Cleve- Rich- St. Minne- Kansas San Total Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas Francisco (In millions o f dollars) L I A B I L I T I ES Federal Reserve notes 80,574 3,984 20,393 4,694 6,873 7,267 3,837 12,836 3,457 1,697 2,882 3,183 9,471 Deposits: Member bank reserves 27,706 1,108 6,686 822 1,397 1,172 1,582 3,463 810 602 1,084 1,732 7,248 U.S. Treasury--general account 5,763 262 1,633 233 466 347 296 762 183 216 240 356 769 Foreign 235 9 1/ 69 10 20 13 17 34 7 6 9 13 28 Other 2/ 780 — 695 2 —— 8 36 5 1 2 2 12 17 Total deposits 34,484 1,379 9,083 1,067 1,883 1,540 1,931 4,264 1,001 826 1,335 2,113 8,062 Deferred availability cash items 8,367 397 1,382 226 518 1,509 460 1,015 391 467 862 535 605 Other liabilities and accured dividends 1,106 48 269 58 81 97 56 156 40 25 40 46 190 TOTAL LIABILITIES 124,531 5,808 31,127 6,045 9,355 10,413 6,284 18,271 4,889 3,015 5,119 5,877 18,328 CAPITAL ACCOUNTS i Capital paid in 954 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 278 11 65 17 22 22 11 41 10 7 11 13 48 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 126,692 5,889 31,676 6,147 9,541 10,540 6,440 18,598 4,962 3,075 5,209 5,995 18,620 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 83,783 4,098 21,157 4,829 7,063 7,477 4,410 13,036 3,631 1,755 2,997 3,325 10,005 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. Acceptances 302 24 124 -- — — 28 20 10 18 19 59 U.S. Government securities 73,260 3,575 17,850 4,350 6,210 6,550 4,000 11,400 3,200 1,610 2,700 2,915 8,900 Total collateral 85,158 4,141 21,324 4,991 7,149 7,542 4,627 13,104 3,686 1,842 3,114 3,354 10,284 * Estimated (Atlanta District). 1/ After deducting $166 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