H.4.1 Factors Affecting Reserve Balances of Depository Institutions

qfjiowv. FEDERAL RESERVE E Factors Affecting Bank Reserves and of F.R. Banks H.4.1 For immediate release July 1, 1976 *ES£fB-5^ Averages of daily figures Mem R b e e s r e r b v a e n k B a r n e k s e c r r v e e d s i , t , W J e u e n k e e 3 n 0 d , e d J C u h ne a ng 3 e_ from w J e u e l k y 2 e , n ded J W u e n d e n e 3 s 0 d , a y and related items 1976 * 1976 1975 1976 * Reserve Bank credit: (In millions of dollars) 1/ 2/ 3/ U.S. Government securities-- Bought outright—System account 90,691 +1,844 + 6,942 90,575 Held under repurchase agreements 3,611 +2,242 + 1,098 3,871 Federal Agency obligations- Bought outright 6,805 + 1,720 6,805 Held under repurchase agreements 187 + 56 25 277 Acceptances-- Bought outright 370 17 313 361 Held under repurchase agreements 620 + 210 + 387 666 Loans-- Total member bank borrowing 166 + 2 705 316 Includes seasonal borrowing of: 29 + 7 + 14 27 Other borrowing Float 2,258 290 + 371 2,924 Other F.R. assets 4,148 56 + 1,138 4,220 Total Reserve Bank credit 108,856 +4,103 +10,613 110,015 Gold Stock 11,598 22 11,598 Special Drawing Rights certif. acct. 614 100 + 114 700 Treasury currency outstanding 10,640 6 + 1,067 10,641 131,708 +4,208 +11,772 132,954 Currency in circulation ** 88,374 166 + 7,280 88,894 Treasury cash holdings ** 500 + 134 500 Treasury deposits with F.R. Banks 11,788 +3,440 + 6,014 11,972 Foreign deposits with F.R. Banks 251 + 8 23 349 Other deposits with F.R. Banks 4/ 699 24 30 856 Other F.R. liabilities and capital 3,532 + 199 + 209 3,548 105,143 +3,457 +13,583 106,119 Member bank reserves: With Federal Reserve Banks 26,565 + 752 - 1,811 26,835 Currency and coin 8,057 + 420 + 952 8,057 Total reserves held 5/ 34,782 +1,172 699 35,052 Required reserves 34,324 + 562 761 34,324 Excess reserves 5/ 458 + 610 + 62 728 NOTE: A net of $12 million of deficit reserves were eligible to be carried froward from the week ended June 23, into the week .ending June 30. On June 30, 1976, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $45,187 million, a decrease of $389 million for the week. _1/ Net of $340 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2J Excludes $684 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3_/ Includes $203 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 4/ Includes $15 million of certain deposits of fore ign-owned banking institutions voluntarily held with member banks and redeposited in full with Federal Reserve Banks. Adjusted to include $160. million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975 * Estimated (Boston, Philadelphia, Dallas and San Francisco Districts). Digitized for FRASER ** Estimated (Treasury's figures.) 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 30, June 23, July 2, A S S E TS 1976 ** 1976 1975 Gold certificate account 11,598 22 Special Drawing Rights certif. acct. * 700 + 100 + 200 Cash (1,435) 339 - 6 12 Loans 316 - 519 + 44 Acceptances--Bought outright 361 - 20 - 329 Held under repurchase agreements 666 + 349 + 664 Federal Agency obligations--Bought outright 6,805 * — + 1,721 Held under repurchase agreements 111 + 234 + 178 U.S. Government securities: Bought outright--Bills 38,729 + 178 +1,709 Certificates Notes 45,749 + 367 + 2,863 Bonds 6,097 + 32 + 1,575 Total bought outright 11//22// 90,575 + 577 + 6,147 Held under repurchase agreements 3,871 +3 , 258 + 3,456 Total U.S. Government securities 94,446 +3 ,835 + 9,603 Total loans and securities 102,871 +3 ,879 +11,881 Cash items in process of collection (1,994) 8,477 - 163 + 1,028 Bank premises 346 + 56 Operating Equipment 18 mm mm + 16 Other assets 3/ 3,856 + 65 + 1,216 TOTAL ASSETS (3,429) 128,205 +3 ,875 +14,363 L I A B I L I T I ES Federal Reserve notes* (1,435) 79,092 + 284 + 6,225 Deposits: Member bank-reserves account 26,835 +2,, 473 + ' 417 U.S. Treasury--general account 11,972 + 920 + 6,681 Foreign 349 + 95 + 96 Other 4/ 856 + 116 + 91 Total deposits 40,012 +3,, 604 + 7,285 Deferred availability cash items (1,994) 5,553 183 + 182 Other liabilities and accrued dividends 1,143 + 50 + 116 TOTAL LIABILITIES (3,429) 125,800 +3,, 755 +13,808 C A P I T AL A C C O U N TS Capital paid in 959 + 1 + 48 Surplus 929 + 32 Other capital accounts 517 + 119 + 475 * Figures in parentheses are the eliminations made in the consolidating process. ** Estimated (Boston, Philadelphia, Dallas, and San Francisco Districts). 1/ Excludes $684 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $203 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. 4/ 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 30, 1976 (Acceptances and securities held under repurchase agreements are classified as U.S. Government Federal Agency Loans Accept- securities oblieati. ons ances Holdings Weekly Holdings Weekly changes changes Within 15 days 311 699 7,569 +1,039 303 +234 16 days to 90 days 5 200 18,650 + 558 307 + 1 91 days to 1 year -- 128 26,756 +1,445 914 + 12 Over 1 year to 5 years -- -- 28,531 + 678 3,374 Over 5 years to 10 years -- -- 8,283 + 83 1,491 - 13 Over 10 years — 4,657 + 32 693 Total 316 1,027 94,446 +3,835 7,082 +234 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 30, 1976 ** New ** Phila- Cleve- Rich- St. Minne- Kansas ** San ** Total Boston York delphia land mond Atlanta Chicago Louis apolis Citv Dallas Francisco. (In mill ions 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. 700 35 175 41 60 63 36 111 30 14 25 27 83 F.R. notes of other banks 1,435 49 356 79 78 88 226 64 40 33 44 109 269 Other cash 339 18 21 4 47 37 41 29 30 14 45 16 37 Loans 316 13 109 22 37 34 8 39 12 2 15 16 9 Acceptances: Bought outright 361 — 361 —— —— —— — — —— —— -- — — — Held under repurchase agreements 666 —— 666 —— — —— — — — — — — — Federal Agency obligations- Bought outright 6,805 314 1,601 378 561 546 365 1,090 277 156 269 323 992255 Held under repurchase agreements 277 — 277 — — — — — -- — — — — U.S. Government securities: Bought outright- Bills 38,729 1,790 9,109 2,149 3,193 3,109 2,074 6,202 1,579 886 1,533 1,839 55,,226666 Certificates — •»— —— — — —— — — — — -- —— — — — Notes 45,749 2,114 10,761 2,538 3,772 3,672 2,451 7,326 1,865 1,046 1,811 2,173 6,220 Bonds 6,097 282 1,434 338 503 489 327 976 249 139 241 290 829 Total bought outright 1/2/ 90,575 4,186 21,304 5,025 7,468 7,270 4,852 14,504 3,693 2,071 3,585 4,302 12,315 Held under repurchase agreements 3.871 mm — 3,871 — ** —— — «* —— — — Total U.S. Government securities 94,446 4,186 25,175 5,025 7,468 7,270 4,852 14.504 3,693 2,071 3.585 4.302 12,315 Total loans and securities 102,871 4,513 28,189 5,425 8,066 7,850 5,225 15,633 3,982 2,229 3,869 4,641 13,249 Cash items in process of collection 10,471 413 1,846 337 584 1,687 856 1,702 495 486 980 874 211 Bank premises 346 99 21 57 25 31 14 16 13 32 17 12 9 Operating Equipment 18 * 2 3 3 — 1 — 4 1 -- 2 2 Other assets 3/ 3,856 108 1,875 162 209 169 193 373 96 62 98 121 390 Interdistrict settlement account -0- - 119 -2,296 - 137 + 150 - 196 - 452 + 538 + 51 + 158 - 165 + 181 +2,287 TOTAL 131.634 5.658 33.539 6.612 10.161 10.721 6.739 20.170 5,207 3,251 5.310 6.404 17,863 * Less than $500,000. ** Estimated (Boston, Philadelphia, Dallas, and San Francisco Districts). 1/ Excludes $684 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $203 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 30, 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 80,527 4,003 20,482 4,678 6,862 7,280 3,769 12,778 3,458 1,689 2,884 3,190 9,454 DDeeppoossiittss:: MMeemmbbeerr bbaannkk rreesseerrvveess 26,835 776 6,307 843 1,366 1,180 1,568 5,025 726 647 1,112 1,636 5,649 UU..SS.. TTrreeaassuurryy——ggeenneerraall aaccccoouunntt 11,972 401 3,837 633 1,163 604 602 966 581 368 388 833 1,596 FFoorreeiiggnn 349 10 1/ 148 13 24 15 21 41 9 8 11 15 34 OOtthheerr 22// 856 1 749 6 1 8 41 25 1 2 2 14 6 TToottaall ddeeppoossiittss 40,012 1,188 11,041 1,495 2,554 1,807 2,232 6,057 1,317 1,025 1,513 2,498 /, ZBB DDeeffeerrrreedd aavvaaiillaabbiilliittyy ccaasshh iitteemmss 7,547 328 1,084 264 460 1,412 497 812 309 447 775 540 619 OOtthheerr lliiaabbiilliittiieess aanndd aaccccuurreedd ddiivviiddeennddss 1.143 49 315 60 81 78 68 159 41 25 39 48 180 TOTAL LIABILITIES 129,229 5,568 32,922 6,497 9,957 10,577 6,566 19,806 5,125 3,186 5,211 6,27b l/,>jB CCAAPPIITTAALL AACCCCOOUUNNTTSS 1E CCaappiittaall ppaaiidd iinn 959 Ii 35 248 43 83 53 74 145 32 27 40 53 126 SSuurrpplluuss 929 1! 35 239 42 81 52 72 142 31 26 39 52 118 OOtthheerr ccaappiittaall aaccccoouunnttss 517 20 130 30 40 39 27 77 19 12 20 23 80 TTOOTTAALL LLIIAABBIILLIITTIIEESS AANNDD CCAAPPIITTAALL AACCCCOOUUNNTTSS 131,634 5,658 33,539 6,612 10,161 10,721 6,739 20,170 5,207 3,251 5,310 6,404 17,862 FEDERAL RESERVE AGENTS1 ACCOUNTS F.R. notes outstanding 83,987 4,100 21,273 4,923 7,052 7,493 4,415 13,019 3,6% 1,747 3,011 3,325 9,99/ 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. 365 24 >175 -* -- 36 -- 20 14 . 18 -19 I, 59 Acceptances U.S. Government securities 73,710 3R575 18,050 4r 350 6r 210 6.600 4.000 11.600 3.200 1.610 2.700 2.915 8,900 Total collateral 85,671 4,141 21,575 4,991 7,149 7,592 4,635 13,304 3,686 1,846 3,114 3,354 10,284 If After deducting $201 million participations of other Federal Reserve Banks. 2/ Includes $15 of certain deposits of foredlgn-owned banking institutions voluntarily held with member banks and redeposited in full with Federal Reserve Banks. * Estimated (Boston, Philadelphia, Dallas and San Francisco Districts). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis