H.4.1 Factors Affecting Reserve Balances of Depository Institutions

. gTGOW." FEDERAL RESERVE St Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release July 15, 1976 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, July 14, * July 7, July 16, July 14, * and related items 1976 1976 1975 1976 Reserve Bank credit: (In millions of cl ollars) 2/ U.S. Government securities-- — Bought outright--System account 88,999 -1,727 + 6,820 . 90,004 Held under repurchase agreements -2,266 - 207 Federal Agency obligations— Bought outright 6,805 — + 1,721 66,,880055 Held under repurchase agreements -- - 138 - 27 -- Acceptances— Bought outright 350 9 - 336 334433 • Held under repurchase agreements -- - 436 -- Loans-- Total member bank borrowing 177 + 53 * 25 1,012 Includes seasonal borrowing of: 23 3 + 7 27 Other borrowing — -- — -- Float 3,482 + 921 + 1,351 3,558 Other F.R. assets 4,460 - 106 + 1,410 4,398 Total Reserve Bank credit 104,273 -3,708 +10,707 106,120 Gold Stock 11,598 -- - 22 11,598 Special Drawing Rights certif. acct. 700 - - + 200 700 TTrreeaassuurryy ccuurrrreennccyy oouuttssttaannddiinngg 10,641 -- + 1,023 10,644 127,212 -3,708 +11,907 129,062 Currency in circulation ** 89,949 + 709 + 7,785 90,083 Treasury cash holdings ** 500 - - + 142 500 Treasury deposits with F.R. Banks 7,121 -3,294 + 5,923 6,987 Foreign deposits with F.R. Banks 255 2 - 41 234 Other deposits with F.R. Banks 3/ 772 - 253 + 96 743 Other F.R. liabilities and capital 3,212 20 + 102 3,245 101,811 -2,858 +14,009 101,792 Member bank reserves: With Federal Reserve Banks 25,402 - 849 - 2,100 27,270 Currency and coin 8.392 + 174 + 1,030 8.392 Total reserves held 4/ 33,942 - 674 - 922 35,810 Required reserves 33,890 71 - 901 33,890 Excess reserves 4/ 52 - 603 21 1,920 - NOTE: A net of $185 million of surplus reserves were eligible to be carried forward from the week ended July 7, into the week ending July 14. On July 14, 1976, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $44,845 million, an increase of $39 million for the week. 1J Net of $1,027 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Includes $115 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes $15 million of certain deposits of foregin-owned banking institutions voluntarily held with member banks and redeposited in full with Federal Reserve Banks. 4/ Adjusted to include $148 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. * Estimated (Philadelphia 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 Wednesday Change since July 14, July 7, July 16, ! A S S E TS 1976 ** 1976 1975 i Gold certificate account 11,598 -- - 22 Special Drawing Rights certif. acct * 700 —— + 200 Cash (1,335) 320 16 + 9 Loans 1,012 + 942 - 120 Acceptances--Bought outright 343 8 - 337 Held under repurchase agreements —— - 209 -- Fed-eral Agency obligations—Bought outright 6,805 —— .. +1,721 Held under repurchase agreements -- - 189 U.S. Government securities: Bought outright--Bills 38,158 - 176 +2,921 Certificates Notes 45,749 mm mm +2,863 Bonds 6% 097 — — +1,575 Total bought outright 1/ 90,004 - 176 +7,359 Held under repurchase agreements — -1,401 -1,451 Total U.S. Government securities 90,004 -1,577 +5,908 Total loans and securities 98,164 - 852 +6,983 Cash items in process of collection (1,894) 9,260 - 199 +1,358 Bank premises 345 —— + 47 Operating Equipment 18 + 16 Other assets 2/ 4,035 - 140 +1,259 TOTAL ASSETS (3,229) 124,440 -1,207 +9,850 L I A B I L I T I ES Federal Reserve notes (1,335) 80,259 + 58 +7, 029 Deposits: Member bank-reserves account 27,270 + 67 -3, 741 U.S. Treasury--general account 6,987 - 491 +6, 390 Foreign 234 - 26 + 10 Other 3_/ 743 - 57 + 70 Total deposits 35,234 - 507 +2, 729 Deferred availability cash items (1,894) 5,702 - 869 + 40 Other liabilities and accrued dividends 1,100 —— - 38 TOTAL LIABILITIES (3,229) 122,295 -1 ,318 +9, 760 C A P I T AL A C C O U N TS Capital paid in 959 — + 48 Surplus 929 —— + 32 Other capital accounts 257 + 111 + 10 * Figures in parentheses are the eliminations made in the consolidating process. ** Estimated (Philadelphia District). 1/ Includes $115 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. JULY 14. 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 [Weekly Holdings Weekly [changes changes Within 15 days 1,004 11 4,789 109 29 16 days to 90 days 8 225 17,681 -1,133 310 91 days to 1 year 107 26,063 - 335 908 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 1,012 343 90,004 -1,577 6,805 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 14, 1976 New ** Phila- Cleve- Rich- St. Minne- Kansas San Total Boston York delphia land mond Atlanta Chicago Loui s apolis Citv Dallas Francisco (In milli ons of dl ollars) 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 1,335 40 314 55 73 111 217 67 41 28 52 102 235 Other cash 320 17 25 4 48 37 41 29 29 13 24 17 36 Loans 11,,001122 9 551 5 2 4 403 2 2 9 5 20 Acceptances: H B e o l u d gh t un d o e u r tr i r g e h p t u rchase agreements 34 •» 3 — — — — — 34 — 3 — — — — w— — — — — — — — — - — — — - — - - - - - — — — — - - 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 —— — — - — —— — — — -- -- — — U.S. Government securities: Bought outright— Bills 38,158 1,763 8,975 2,118 3,146 3,063 2,043 6,111 1,556 873 1,510 1,812 5,188 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 1J 90,004 4,159 21,170 4,994 7,421 7,224 4,821 14,413 3,670 2,058 3,562 4,275 12,237 Held under repurchase agreements — * — — — • — tm «— — — — «• — — —— —— — Total U.S. Government securities 90,004 4,159 21,170 4,994 7,421 7,224 4,821 14,413 3,670 2,058 3,562 4,275 12,237 Total loans and securities 98,164 4,482 23,665 5,377 7,982 7,772 5,190 15,906 3,949 2,216 3,840 4,603 13,182 Cash items in process of collection 11,154 380 1,927 320 650 1,673 980 1,463 467 474 942 752 1,126 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 2/ 4,035 124 1,839 158 213 197 209 397 96 70 106 132 494 Interdistrict settlement account -0- - 114 4- 889 - 310 - 437 - 116 - 278 - 342 + 18 + 156 - 76 - 74 + 684 TOTAL 127,669 5,605 32,207 6,346 9,556 10,760 7,009 19,351 5,113 3,226 5,326 5,994 17,176 * Less than $500,000. ** Estimated (Philadelphia District). 1/ Includes $115 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 2J 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 JULY 14, 1976 New Phila- Cleve- Rich- St. . Minne- Kansas San Total Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas Francisco * ((IInn mm::I llions o ff ddoollllaarrss)) L I A B I L I T I ES Federal Reserve notes 81,594 4,049 20,705 4,739 6,948 7,358 3,832 12,991 3,506 1,700 2,926 3,259 9,581 Deposits: Member bank reserves 27,270 737 7,583 818 1,433 1,196 1,667 4,106 753 648 1,035 1,575 5,719 U.S. Treasury--general account 6,987 356 1,371 396 459 583 746 894 405 351 403 457 566 Foreign 234 9 1/ 52 11 21 14 19 38 8 7 10 14 31 Other 2/ 743 1 655 2 2 7 36 10 1 2 2 12 13 Total deposits 35,234 1,103 9,661 1,227 1,915 1,800 2,468 5,048 1,167 1,008 1,450 2,058 6,329 Deferred availability cash items 7,596 325 1,051 225 429 1,400 482 832 328 435 824 514 751 Other liabilities and accured dividends 1.100 48 236 60 80 77 67 154 39 24 38 45 232 TOTAL LIABILITIES 125,524 5,525 31,653 6,251 9,372 10,635 6,849 19,025 5,040 3,167 5,238 5,876 16,893 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 257 10 67 10 20 20 14 39 10 6 9 13 39 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 127,669 5,605 32,207 6,346 9,556 10,760 7,009 19,351 5,113 3,226 5,326 5,994 17,176 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 8844,,669911 4,, 144 21,, 369 4,923 77,,111199 7,571 4,397 13,205 3,679 1,759 3,052 3,412 10,061 Collateral for F.R. notes: Gold certificate account 11,595 542 3,, 350 641 939 992 599 1,704 466 221 396 420 1,325 Special Drawing Rights certif. acct. 376 35 175 —b mm — — 28 — — 20 14 18 27 59 Acceptances mm mm m> w * __ — — — — * — — — — — — — •** U.S. Government securities 74,105 3 ,-625 18,, 050 4,350 6,360 6,675 4,000 11,600 3,250 1,610 2,700 2,985 8,900 Total collateral 86,076 4,, 202 21;, 575 4,991 7,299 7,667 4,627 13,304 3,736 1,845 3,114 3,432 10,284 * Estimated (Philadelphia District). 1/ After deducting $182 million participations of other Fu-Ural Reserve Banks. - voiuntariiy hew with Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis