H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE 11 Factors Affecting Condition Statements F#/Banks M 29 W76 H.4.1 For immediate release June 24, 1976 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, June 23, June 16, I June 25, June 23, and related items 1976 1976 | 1975 1976 Reserve Bank credit: (In millions of dollars) U.S. Government securities-- i/ 2/ Bought outright—System account 88,847 +2 ,132 4- 5,498 89,998 Held under repurchase agreements 1,369 +1 ,093 4- 40 613 Federal Agency obligations-- Bought outright 6,805 4- 1,720 6,805 Held under repurchase agreements 131 4- 123 4- 35 43 Acceptances— Bought outright 387 18 288 381 Held under repurchase agreements 410 + 370 + 301 317 Loans-- Total member bank borrowing 164 + 116 24 835 Includes seasonal borrowing of: 22 + 6 + 11 24 Other borrowing Float 2,535 5 + 582 2,904 Other F.R. assets 4,092 - 159 + 927 4,155 Total Reserve Bank credit 104,740 4-3, 653 +8,791 106^051 Gold Stock 11,598 •» — 22 11,598 Special Drawing Rights certif. acct. 514 + 14 4- 14 600 Treasury currency outstanding 10,634 + 18 + 1,092 10,639 127,487 +3 ,685 4- 9,876 128,888 Currency in circulation * 88,540 232 + 7,855 88,602 Treasury cash holdings * 500 — — 4- 130 500 Treasury deposits with F.R. Banks 8,348 -h4:, 298 4- 4,124 11,052 Foreign deposits with F.R. Banks 243 - 18 — — 254 Other deposits with F.R. Banks 3/ 723 - 308 100 740 Other F.R. liabilities and capital 3,333 4- 146 4- 75 3,378 101,686 +3 ,886 4-12,083 104,526 Member bank reserves: With Federal Reserve Banks 25,800 201 - 2,208 24,362 Currency and coin 7,637 - 211 4- 939 7,637 Total reserves held 4/ 33,597 - 411 - 1,109 32,159 Required reserves 33,762 + 365 - 853 33,762 Excess reserves 4/ 165 - 776 256 - 1,603 NOTE: A net of $220 million of surplus reserves were eligible to be carried forward from the week ended June 16, into the week ending June 23. On June 23, 1976, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $45,576 million, a decrease of $66 million for the week. 1/ Net of $578 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Includes $65 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes $15 million of certain deposits of foreign-owned banking institutions voluntarily held with member banks and redeposited in full with Federal Reserve Banks. 4/ Adjusted to include $160 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 Wednesday Change since June 23, June 16, June 25, A S S E TS 1976 1976 1975 Gold certificate account 11,598 — - 22 Special Drawing Rights certif. acct» * 600 + 100 + 100 Cash (1,530) 345 + 1 12 Loans 835 + 775 - 265 Acceptances--Bought outright 381 - 15 - 300 Held under repurchase agreements 317 + 36 + 4 Federal Agency obligations--Bought outright 6,805 —— +1,720 Held under repurchase agreements 43 13 - 311 U.S. Government securities: Bought outright--Bills 38,551 +2,058 +1,682 Certificates Notes 45,382 + 526 +3,063 Bonds 6,065 + 64 +1,600 Total bought outright V 89,998 +2,648 +6,345 Held under repurchase agreements 613 -1,318 -3,564 Total U.S. Government securities 90,611 +1,330 +2,781 Total loans and securities 98,992 +2,113 +3,629 Cash items in process of collection (1,792) 8,640 -1,380 +1,135 Bank premises 346 + 4 + 58 Operating Equipment 18 — » + 16 Other assets 2/ 3,791 + 186 +1,011 TOTAL ASSETS (3,322) 124,330 +1,024 +5,915 L I A B I L I T I ES Federal Reserve notes (1,530) 78,808 - 319 +6,662 Deposits: Member bank-reserves account 24,362 -3,344 -6,477 U.S. Treasury--general account 11,052 +5,289 +5,555 Foreign 254 + 19 40 Other 2/ 740 - 47 1 Total deposits 36,408 +1,917 - 963 Deferred availability cash items (1,792) 5,736 - 679 + 290 Other liabilities and accrued dividends 1,093 13 - 169 TOTAL LIABILITIES (3,322) 122,045 + 906 +5,820 C A P I T AL A C C O U N TS Capital paid in 958 + 4 + 49 Surplus 929 -- + 32 Other capital accounts 398 + 114 + 14 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Includes $65 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 2/ Includes assets denominated in foreign currencies. 3/ Includes $15 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 23. 1976 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance *f ith maximum maturity of the agreements.) U.S. Government Federal Agency Loans Accept- securities obligations ances Holdings Weekly Holdings Weekly changes changes Within 15 days 834 359 6,530 33 69 - 13 16 days to 90 days 1 186 18,092 +1,587 306 —— 91 days to 1 year —— 153 25,311 - 787 902 —— Over 1 year to 5 years -- 27,853 + 387 3,374 Over 5 years to 10 years -- — 8,200 + 112 1,504 - - Over 10 years -- -- 4,625 + 64 693 -- Total 835 698 90,611 +1,330 6,848 - 13 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 23, 1976 H.4.1(b) New Phila- Cleve- Rich- St. Minne- Kansas ban Total York delphia land mond Atlanta Chicago Louis apolis City Dallas Francisco (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 6 9 0 8 0 54 3 2 0 3,3 1 5 5 0 0 64 3 1 5 93 5 9 2 99 5 2 4 59 3 9 1 1,70 9 4 5 46 2 6 5 22 1 2 2 39 2 7 1 42 2 1 3 1,32 7 5 2 F O . th R. e r n c o a t s e h s of other banks 1,5 3 3 4 0 5 5 2 1 0 37 2 0 3 78 3 4 8 7 3 11 3 1 8 24 4 6 3 8 2 3 8 4 3 1 0 2 1 8 4 4 4 6 6 9 1 2 6 30 3 1 7 Loans 835 68 435 28 54 28 31 25 15 140 Acceptances: Bought outright 381 381 Held under repurchase agreements 317 317 Fe B d o er u a g l h t A o g u e t n r c i y g h o t b ligations-- 6,805 314 1,601 378 561 546 365 1,090 277 156 269 323 925 Held under repurchase agreements 43 43 U.S. Government securities: Bou B g i h l t l s o utright- 38,551 1,782 9,068 2,138 3,178 3,094 2,065 6,174 1,572 881 1,526 1,831 5,242 C B N e o o r n t t d e s i s ficates 45,382 2,0 2 9 8 7 0 10 1 , , 6 42 7 6 4 2,5 3 1 3 8 7 3,7 5 4 00 2 3, 4 6 8 4 7 3 2,4 3 3 2 1 5 7,2 9 6 71 7 1,8 2 5 4 0 7 1,0 1 3 3 8 9 1,7 2 9 4 6 0 2,1 2 5 8 6 8 6,1 8 7 2 0 5 Total bought outright 1/ 89,998 4,159 21,168 4,993 7,420 7,224 4,821 14,412 3,669 2,058 3,562 4,275 12,237 T T o o H t t e a a l l l d U l u o . n a S d n . s e r G a o n v r d e e r p n s u m e r e c c n u h t r a i s s e t e i c e a u s g r r i e t e i m e e s n ts 9 9 0 8 . , 6 99 1 2 1 4 4. , 1 5 5 4 9 1 2 21 4 , , 7 5 8 5 1 8 4 5 . , 9 3 9 9 3 9 7 7. , 4 9 2 8 0 2 7 7 . ,7 2 7 2 1 4 4 5 . , 8 1 2 9 1 5 1 1 4 5 . , 4 55 1 6 2 3 3 . , 6 9 6 7 9 4 2 2 . , 0 2 5 4 8 5 3 3 , , 5 85 6 6 2 4 4 . ,6 2 1 7 3 5 1 1 2 3 . , 2 3 3 0 7 2 1,216 Cash items in process of collection 10,432 1,560 1,532 1,258 Bank premises Operating Equipment Other assets 2/ 1,855 - 324 + 245 + 155 +1,142 Interdistrict settlement account 19,101 5,139 3,324 5,444 6,288 17,802 TOTAL 127,652 5,746 30,852 6,505 10,250 10,371 6,830 1/ Includes $65 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 2/ 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 23, 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 80,338 3,975 20,419 4,677 6,858 7,249 3,755 12,792 3,448 1,692 2,871 3,184 9,418 Deposits: Member bank reserves 24,362 836 4,965 883 1,501 1,214 1,662 3,642 789 766 1,134 1,602 5,368 U.S. Treasury—general account 11,052 472 2,700 531 1,135 413 600 1,340 427 356 500 771 1,807 Foreign 254 9 If 88 10 20 13 17 34 7 6 9 13 28 Other 2 / 740 "" — 634 6 — 7 38 22 —— 1 2 15 15 Total deposits 36,408 1,317 8,387 1,430 2,656 1,647 2,317 5,038 1,223 1,129 1,645 2,401 7,218 Deferred availability cash items 7,528 320 1,211 232 461 1,262 530 770 352 416 795 534 645 Other liabilities and accured dividends 1,093 48 254 58 80 73 60 155 39 24 38 46 213 TOTAL LIABILITIES 125,367 5,660 30,271 6,397 10,055 10,236 6,662 18,755 5,062 3,261 5,349 6,165 17,494 CAPITAL ACCOUNTS 1I Capital paid in 958 35 248 43 83 5533 74 144 32 27 40 53 126 Surplus 929 35 239 42 81 52 72 142 31 26 39 52 M8 Other capital accounts 398 16 94 23 31 30 22 60 14 10 16 18 64 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 127,652 5,746 30,852 6,505 10,250 10,371 6,830 19,101 5,139 3,324 5,444 6,288 17,802 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 83,926 4,112 21,192 4,875 7,067 7,494 4,434 13,048 3,623 1,752 3,009 3,324 9,996 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. 304 24 124 — — — — — — 28 •» «*> 20 12 18 19 59 Acceptances — — — — — — — — *» — W mm *• *" — — __ U.S. Government securities sin 1 575 17 85H A 150 ft ?in A Ann l nnn 111&nn •\ ?nn lAin 9 70ft 9 Qm s onn Total collateral 85,410 4,141 21,324 4,991 7,149 7,592 4,627 13,304 3,686 1,844 3,114 3,354 10,284 X/ After deducting $166 million participations of other Federal Reserve Banks. 2/ Includes $15 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