H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE sM Factors Affecting Bank Reserves and • f*4 LRE* *• Condition Statement of F.R. Banks H.4.1 For immediate release July 22, 1976 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, July 21, * July 14, I July 23, July 21, and related items 1976 1976 I 1975 1976 Reserve Bank credit: 17 (In millions of dollars) 27 U.S. Government securities-- Bought outright—System account 89,183 184 + 6,417 89,481 Held under repurchase agreements 359 359 + 242 Federal Agency obligations-- Bought outright 6,805 — — + 1,721 6,805 Held under repurchase agreements 12 + 12 18 — Acceptances-- Bought outright 341 - 9 - 339 340 Held under repurchase agreements 29 + 29 + 18 -- Loans-- Total member bank borrowing 61 116 - 321 129 Includes seasonal borrowing of: 24 + 1 + 5 25 Other borrowing Float 2,696 802 + 896 3,487 Other F.R. assets 4,578 + 118 + 1,453 4,406 Total Reserve Bank credit 104,064 - 226 +10,069 104,648 Gold Stock 11,598 -- 22 11,598 Special Drawing Rights certif. acct. 700 —— + 200 700 Treasury currency outstanding 10,656 + 15 +1,026 10,661 127,018 - 211 +11,273 127,607 Currency in circulation ** 89,525 - 422 + 7,764 89,460 Treasury cash holdings ** 500 —— + 155 500 Treasury deposits with F.R. Banks 5,622 -1,499 + 4,252 5,042 Foreign deposits with F.R. Banks 282 + 27 + 42 277 Other deposits with F.R. Banks 3/ 945 + . 173 + 255 1,142 Other F.R. liabilities and capital 3,285 + 73 + 138 3,304 100,159 -1,649 +12,606 99,725 Member bank reserves: With Federal Reserve Banks 26,860 +1,439 - 1,332 27,882 Currency and coin 7,428 - 964 + 722 7,428 Total reserves held 4/ 34,436 + 475 462 35,458 Required reserves 34,198 + 308 - 497 34,198 Excess reserves 4/ 238 + 167 + 35 1,260 NOTE: A net of $50 million of surplus reserves were eligible to be carried forward from the week ended July 14, into the week ending July 21. On July 21, 1976, marketable U.S. Government securities held in custody by the Federal Reserve Bante for foreign and international accounts were $46,494 million, an increase of $1,649 million for the week. 1/ Net of $312 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Includes $75 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 $148 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. * Estimated (Dallas 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 July 21, July 14, July 23, 1 A S S E TS 1976 ** 1976 1975 | Gold certificate account 11,598 - 22 Special Drawing Rights certif. acct. * 700 + 200 — Cash (1,606) 344 + 24 + 24 Loans 129 - 883 -1,871 Acceptances--Bought outright 340 3 - 333 Held under repurchase agreements — - — - 76 Federal Agency obligations—Bought outright 6,805 —— 4-1,722 Held under repurchase agreements -- — - 211 U.S. Government securities: Bought outright--Bills 37,635 - 523 +2,495 Certificates — — -- Notes 45,749 —— • 4-2,863 Bonds 6,097 +1,575 -- . Total bought outright v 89,481 - 523 +6,933 Held under repurchase agreements -- — - 820 Total U.S. Government securities 89,481 - 523 +6,113 Total loans and securities 96,755 -1,409 +5,344 Cash itiems in process of collection (1,838) 9,014 - 197 +1,974 Bank premises 347 + 2 + 49 Operating Equipment 18 -- + 16 Other assets 2/ 4,041 + 4 +1,119 TOTAL ASSETS (3,444) 122,817 -1,576 +8,704 L I A B I L I T I ES Federal Reserve notes (1,606) 79,643 - 599 +6,902 Deposits: Member bank-reserves account 27,882 + 612 -3,032 U.S. Treasury—general account 5,042 -1,945 +3,709 Foreign 277 + 43 + 1 Other 3/ 1,142 + 399 + 347 Total deposits 34,343 - 891 +1,025 Deferred availability cash items (1,838) 5,527 - 144 + 644 Other liabilities and accrued dividends 1,044 - 54 + 33 TOTAL LIABILITIES (3,444) 120,557 -1,688 +8,604 C A P I T AL A C C O U N TS Capital paid in 960 + 1 + 48 Surplus 929 —— + 32 Other capital accounts 371 + 111 + 20 * Figures in parentheses are the eliminations made in the consolidating process. ** Estimated (Dallas District). V Includes $75 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 21, 1976 (Acceptances and securities held under repurchase agreements are classified as U.S. Government Federal Agency Loans Accept- securiti. es obligati. ons ances Holdings Weekly Holdings Weekly changes changes Within 15 days 126 33 4,655 - 134 43 + 14 16 days to 90 days 3 230 18,722 +1,041 267 - 43 91 days to 1 year — 77 24,633 -1,430 960 + 52 Over 1 year to 5 years -- -- 2B,531 —— 3,374 • •» Over 5 years to 10 years — - - 8,283 —— 1,468 - 23 Digitized for FRASER Over 10 years 4,657 —— 693 •» * http://fraser.stlouisfed.org/ Total 129 340 89,481 - 523 6,805 Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 21, 1976 New Phila- Cleve- Rich- St. Minne- Kansas * San Total Boston York delphia land mond Atlanta Chicago Loui s 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 1,606 67 347 89 69 152 241 87 56 34 57 121 286 Other cash 344 17 20 4 49 37 43 31 ' 30 14 46 16 37 Loans 129 7 4 6 67 5 7 3 3 13 13 1 Acceptances: Bought outright 340 -- 340 —— —- -- - - —— —- -- -- -- -- Held under repurchase agreements — - - —— —— - - - - —— —— - - -- -- — 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 37,635 1,739 8,852 2,089 3,103 3,021 2,015 6,027 1,534 861 1,490 1,787 5,117 Certificates -— • — -- -- • — —— • • mm mm - - —— —— -- 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/ 89,481 4,135 21,047 4,965 7,378 7,182 4,793 14,329 3,648 2,046 3,542 4,250 12,166 Held under repurchase agreements -— —— —— —— • — —— — — «• • —— -- —— Total U.S. Government securities 89.481 4,135 21.047 4.965 7.378 7.182 4.793 14.329 3.648 2.046 3.542 4.250 12.166 Total loans and securities 96,755 4,456 22,992 5,349 7,939 7,795 5,163 15,426 3,928 2,205 3,824 4,586 13,092 Cash items in process of collection 10,852 366 1,636 271 569 1,620 954 1,515 427 492 959 792 1,251 Bank premises 347 100 21 57 25 31 14 16 13 32 17 12 9 Operating Equipment 18 —— 2 3 3 —— 1 —• 4 1 —— 2 2 Other assets 2/ 4,041 122 1,862 162 224 202 202 417 104 69 111 136 430 Interdistrict settlement account -0- + 72 + 646 - 313 - 74 - 291 - 464 - 489 + 16 - 24 - 28 + 72 + 877 TOTAL 126,261 5,777 31,051 6,304 9,803 10,601 6,789 18,818 5,074 3,059 5,408 6,185 17,392 * Estimated (Dallas District)¥ 1/ Includes $75 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 JULY 21, 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 81,249 4,033 20,692 4,707 6,925 7,314 3,766 12,977 3,490 1,693 2,913 3,247 9,492 Deposits: Member bank reserves 27,882 1,028 6,868 883 1,667 1,394 1,777 3,732 789 599 1,234 1,793 6,118 U.S. Treasury—general account 5,042 249 490 351 458 306 429 774 375 267 305 444 594 Foreign 277 9 1/ 102 11 20 13 18 36 8 7 10 13 30 Other 2/ 5 2 8 38 17 * 1 2 13 20 Total deposits 34,343 1,287 8,495 1,250 2,147 1,721 2,262 4,559 1,172 1374 1,551 2,263 6,762 Deferred availability cash items 7,365 325 1,052 186 460 1,354 538 787 297 406 814 510 636 Other liabilities and accured dividends 46 231 57 77 78 57 150 38 25 37 45 203 TOTAL LIABILITIES 124,001 5,691 30,470 6,200 9,609 10,467 6,623 18,473 4,997 2,998 5,315 6,065 17,093 CAPITAL ACCOUNTS Capital paid in 960 35 248 43 83 53 75 145 32 27 40 53 126 Surplus 929 35 239 42 81 52 72 142 31 26 39 52 118 Other capital accounts 371 16 94 19 30 29 19 58 14 8 14 15 55 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 261 5,777 31,051 6,304 9,803 10,601 6,789 18,818 5,074 3,059 5,408 6,185 17,392 FEDERAL RESERVE AGENTS1 ACCOUNTS F.R. notes outstanding 84,920 4,175 21,444 4,935 7,151 7,585 4,402 13,253 3,669 1,752 3,045 3,429 10,080 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. 384 35 175 36 20 14 18 27 59 Acceptances U.S. Government securities 74,380 3,675 18,050 4,350 6,360 6,675 4,000 11,800 3,250 1,610 2,700 3,010 8,900 Total collateral 86,360 4,252 21,575 4,991 7,299 7,667 4,635 13,504 3,736 1,846 3,114 3,457 10,284 * Less than $500,000. ** Estimated (Dallas District). JL/ After deducting $175 million participations of othe 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 Bahka. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis