H.4.1 Factors Affecting Reserve Balances of Depository Institutions

:o0l£0w. FEDERAL RESERVE Factors Affecting Bank Reserves and • f*AL Rt^ • Condition Statement of F.R. Banks H.4.1 For immediate release July 8, 1976 Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, July 7, * June 30, I July 9, July 7, * and related items 1976 1976 1 1975 1976 Reserve Bank credit: 1/' (In millions of dollars) 2/ 3/ U.S. Government securities-- Bought outright—System account 90,726 + 35 +' 7,337 90,180 Held under repurchase agreements 2,266 -1 ,345 + 1,761 1,401 Federal Agency obligations-- Bought outright 6,805 — + 1,721 6,805 Held under repurchase agreements 138 - 49 + 96 — Acceptances- Bought outright 359 - 11 323 351 Held under repurchase agreements 436 - 184 + 355 209 Loans-- Total member bank borrowing 124 - 42 98 70 Othe I r n c b l o u r d r e o s w i s n e g a sonal borrowing of: 26 - 3 + 13 22 Float 2,506 + 237 + 246 2,766 Other F.R. assets 4,573 + 423 + 1,566 4,585 Total Reserve Bank credit Gold Stock 107,932 - 936 +12,660 106,367 T S r p e e a c s ia u l r y D r c a u w r i r n e g nc y Ri g o h u t t s s t c a e n r d t i i n f g . acct. 1 1 0 1 , , 6 7 5 4 0 9 1 0 8 + + 8 -- 6 1 + + 1 2 , 0 0 0 7 2 2 2 1 1 0 1 , , 6 5 7 4 9 0 1 0 8 130,871 - 849 +13,910 129,306 T C r u e r a r s e u n r c y y c i a n s h c i h r o c l u d l i a n t g i s o n ** 89,225 + 847 + 7,327 89,902 Treasury deposits with F.R. Banks ** 500 — + 133 500 Foreign deposits with F.R. Banks 10,415 ,373 + 7,022 7,478 O O t t h h e e r r F d . e R p . o s l i i t a s b i w l i i t t h i e F s .R . a n B d a n c k a s pi t 4 a / l 1,0 2 2 5 5 7 + + 326 6 + 296 7 2 79 6 6 0 3,236 - 299 + 220 3,167 Member bank reserves: 104,658 - 491 +14,991 102,103 With Federal Reserve Banks Currency and coin 26,213 - 359 - 1,081 27,203 Total reserves held 5/ 8,218 + 161 + 900 8,218 Required reserves ~~ 34,578 - 211 34 35,568 Excess reserves 5/ 33,961 - 363 518 33,961 + 152 484 1,607 NOTE: A net of $238 million of surplus reserves were eligible to be carried forward from the week ended June 30, into the week ending July 7. * July 7, 1976, marketable U.S Government securities held in custody by the Federal Reserve Banks for foreign and ^r n a"o n al accounts were $44,806 million, a decrease of $381 million for the week. lJ 2/ Excludes $607 million of securities sold, and scheduled to be bought -r u" Matched sale-purchase transactions. 3/ Includes $112 million securities loaned—fully secured by U S Government securities pledged with Federal Reserve Banks.' ' in full with Federal Reserve Banks. Adi!f?ed include $147 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. ** Estimated (Boston, Chicago and San Francisco Districts). * 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 July 7 ,** June 30, July 9, A S S E TS 1976 1 9 7 6I 1975 Gold certificate account 11,598 — - 22 Special Drawing Rights certif. acct. * 700 - — + 200 Cash (1,244) 336 - 3 + 21 Loans 70 - 246 - 10 Acceptances--Bought outright 351 - 10 - 335 Held under repurchase agreements 209 - 457 + 209 Federal Agency obligations--Bought outright 6,805 — + 1,721 Held under repurchase agreements - 277 — U.S. Government securities: Bought outright--Bills 38,334 - 395 + 6,343 Certificates Notes 45,749 + 2,863 Bonds 6,097 - — + 1.575 Total bought outright )jy 90,180 395 +10,781 Held under repurchase agreements 1,401 -2 ,470 + 1,401 Total U.S. Government securities 91,581 -2 ,865 +12,182 Total loans and securities 99,016 -3 ,855 +13,767 Cash items in process of collection (1,481) 9,204 + 787 + 851 Bank premises 345 - 1 + 55 Operating Equipment 18 — + 16 4,222 + 353 + 1,450 Othei assets 3J TOTAL ASSETS (2,725) 125,439 -2 ,719 +16,338 L I A B I L I T I ES Federal Reserve notes (1,244) 80,097 + 973 + 6,653 27,203 + 368 + 2,386 Deposits: Member bank-reserves account 7,478 -4 ,494 + 6,097 U.S. Treasury—general account 260 - 89 + 21 Foreign Other 4/ 796 - 51 + 102 35,737 44 ,266 + 8,606 Total deposits (1,481) 6,438 + 971 + 934 Deferred availability cash items 1,140 - 19 + 73 Other liabilities and accrued dividends TOTAL LIABILITIES (2,725) 123,412 -2 ,341 +16,266 C A P I T AL A C C O U N TS 959 __ .!, 50 Capital paid JLn 929 — — + 32 Surplus Other capital accounts 139 - 378 - 10 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Excludes $607 million of securities sold, and scheduled to be bought back, ~~ under matched sale-purchase transactions. 2/ Includes $112 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. ** Estimated (Boston, Chicago and San Francisco Districts). MATURITY DISTRIBUTION: OF LOANS AND SECURITIES. JULY 7, 1976 (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 1 Weekly Holdings Weekly 1changes changes Within 15 days 61 236 4,898 -2,671 29 -274 16 days to 90 days 9 213 18,814 + 164 310 + 3 91 days to 1 year -- 111 26,398 - 358 908 - 6 Over 1 year to 5 years — 28,531 -- 3,374 — Over 5 years to 10 years 8,283 1,491 Over 10 years —— — 4,657 693 -- Total 70 560 91,581 -2,865 6,805 -277 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 JULY 7, 1976 ** New Phila- Cleve- Rich- St. Minne- Kansas San** Total Boston York delphia land mond Atlanta **Chicaeo 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. 700 35 175 41 60 63 36 111 30 14 25 27 83 F.R. notes of other banks 1,244 40 286 52 61 86 202 61 35 30 46 76 269 Other cash 336 17 23 2 48 36 41 28 29 13 45 17 37 Loans 70 14 2 7 — — 10 2 14 5 3 8 5 * Acceptances: Bought outright 351 335511 - — — — __ Held under repurchase agreements 209 209 - - - — — — Federal Agency obligations-- Bought outright 6,805 314 1,601 378 561 546 365 1,090 277 156 269 323 925 Held under repurchase agreements — - — — — — W — — U.S. Government securities: Bought outright— Bills 38,334 1,771 9,016 2,127 3,160 3,077 2,053 6,139 1,563 877 1,518 1,821 5,212 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 J72/ 90,180 4,167 21,211 5,003 7,435 7,238 4,831 14,441 3,677 2,062 3,570 4,284 12,261 Held under repurchase agreements 1,401 1,401 — — — - — — — — — — — Total U.S. Government securities 91,581 4,167 22,612 5,003 7,435 7,238 4,831 14,441 3,677 2,062 3,570 4,284 12,261 Total loans and securities 99,016 4,495 24,775 5,388 7,996 7,794 5,198 15,545 3,959 2,221 3,847 4,612 13,186 Cash items in process of collection 10,685 412 2,054 268 619 1,744 1,116 1,414 434 471 916 634 603 Bank premises 345 99 21 57 25 31 14 16 13 32 16 12 9 Operating Equipment 18 - - 2 3 3 * 1 — — 4 1 2 2 Other assets V 4,222 114 2,010 ' 163 226' 185 268 390 102 66 108 130 460 Interdistrict settlement account -0- - 196 + 966 - 211 - 138 - 262 - 748 - 506 - 112 + 83 - 28 + 263 + 889 TOTAL 128,164 5.558 33.662 6.404 9.839 10.669 6,727 16,763 4,960 5 179 6 1Q& 16.863 1/ Excludes $607 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $112 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. * Less than $500,000. ** Estimated (Boston,Chicago,and San Francisco Districts). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 7, 1976 New Phila- Cleve- Rich- St. Minne- Kansas Total Bosto * n York delphia land mond Atlanta Chic * a go Louis apolis City Dallas Francisco (In millions of dollars) L I A B I L I T I ES Federal Reserve notes 81,341 4,033 20,662 4,726 6,907 7,371 3,840 12,910 3,508 1,696 2,924 3,244 9,520 Deposits: Member bank reserves 27,203 563 8,831 853 1,751 1,036 1,510 3,620 743 536 1,025 1,556 5,179 U.S. Treasury--general account 7,478 472 1,388 444 418 569 500 731 308 402 468 762 1,016 Foreign 260 9 1/ 78 11 21 14 19 38 8 7 10 14 31 Other 2/ 796 1 " * 7.04 2 1 8 38 12 1 1 2 6 20 Total deposits 35,737 1,045 11,001 1,310 2,191 1,627 2,067 4,401 1,060 946 1,505 2,338 6,246 Deferred availability cash items 7,919 354 1,193 217 485 1,469 608 990 281 443300 881188 445544 662200 Other liabilities and accured dividends 1,140 51 280 59 81 86 58 161 42 25 41 46 210 TOTAL LIABILITIES 126,137 5,483 33,136 6,312 9,664 10,553 6,573 18,462 4,891 3,097 5,288 6,082 16,596 CAPITAL ACCOUNTS { Capital paid in 959 1 35 248 43 83 53 74 145 32 27 40 53 126 Surplus 929 1 35 239 42 81 52 72 142 31 26 39 52 118 Other capital accounts 139 5 39 7 11 11 8 14 6 3 5 7 23 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 128,164 5,558 33,662 6,404 9,839 10,669 6,727 18,763 4,960 3,153 5,372 6,194 16,863 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 84., 263 4,103 21,335 4., 910 7,073 7,530 4,416" 13,093 ' j,b4U 17757 Collateral for F.R. notes: 3,019 3,349 10,038 Gold certificate account A S c p c e e c p i t a a l n D c r es a wing Rights certif. acct, 11:, 3 5 8 9 4 6 54 3 2 5 3,3 17 5 5 0 64 — 1 — 93 — 9 «. 992 59 3 9 6 1,704 46 2 6 0 2 1 2 4 2 39 1 6 8 4 2 2 7 0 1,3 5 2 9 5 T U o . t S. a l G o c v o e l r l n a m t e e n r t al securities 73,, 710 3,575 18,050 4,, 350 6.210 6,600 4,000 11,600 3,200 1.610 2.700 . 2.915 8.900 85, 690 4.152 21.575 4 .991 7.149 -^592 4,635 1?,304 3.686 1.866 -1.114 3,36? 1/ Aff. , ost°n, Chicago and San Francisco Districts). 2 / t fr, 6 $182 million participations of other Federal Reserve Banks. m k111^011^ °f certain deposits of foreign-owned banking institutions voluntarily em er banks and redeposited in full with Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis