H.4.1 Factors Affecting Reserve Balances of Depository Institutions

•' of GOy^' FEDERAL RESERVE [HI Factors Affecting Bank Reserves and •f<za£e-- Condition Statement of F.R. Banks H.4.1 For immediate release July 29, 1976 Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, July 28, July 21, July 30, July 28,* and related items 1976 1976 1975 1976 Reserve Bank credit: 1/ (In millions of cl ollars) 2/ 3/ U.S. Government securities-™ Bought outright—System account 88,989 - 194 + 6,463 88,442 Held under repurchase agreements 527 + 168 + 284 2,738 Federal Agency obligations-- Bought outright 6,805 -- + 1,722 6,805 Held under repurchase agreements 31 + 19 + 15 140 Acceptances-- Bought outright 337 - 4 - 342 333333 Held under repurchase agreements 18 - 11 + 5 117 Loans— Total member bank borrowing 159 + 98 - 94 677 Includes seasonal borrowing of: 27 + 3 + 4 25 Other borrowing - - — — — Float 2,444 - 259 + 1,024 2,692 Other F.R. assets 4,084 - 495 + 838 3,921 Total Reserve Bank credit 103,395 - 676 + 9,916 105,865 Gold Stock 11,598 — — - 22 11,598 Special Drawing Rights certif. acct. 700 + 200 700 Treasury currency outstanding 10,664 + 8 + 1,023 10,667 126,356 669 +11,115 128,830 - . Currency in circulation ** 89,034 - 491 + 7,747 89,240 Treasury cash holdings ** 500 + 136 500 Treasury deposits with F.R. Banks 6,218 + 596 + 4,388 6,320 Foreign deposits with F.R. Banks 250 - 32 - 12 227 Other deposits with F.R. Banks 4/ 1,043 + 98 + 332 1,135 Other F.R. liabilities and capital 3,427 + 141 + 190 3,524 100,473 + 313 +12,782 100,946 Member bank reserves: With Federal Reserve Banks 25,884 - 983 - 1,666 27,885 Currency and coin 8,145 + 717 + 696 8,145 Total reserves held 5/ 34,177 - 266 - 822 36,178 Required reserves 34,200 + 2 - 518 34,200 Excess reserves 5/ 23 - 268 - 304 1,978 NOTE: A net of $175 million of surplus reserves were eligible to be carried forward from the week ended July 21, into the week ending July 28. On July 28, 1976, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $46,408 million, a decrease of $86 million for the week. V Net of $115 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $807 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $118 million securities loaned-—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 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. 5/ Adjusted to include $148 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19> 1975. * Estimated (Cleveland and Dallas 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 28, July 21, July 30, A S S E TS 1976 ** 1976 1975 Gold certificate account 11,598 —— 22 Special Drawing Rights certif. acct* * 700 • —— + 200 Cash (1,688) 347 —' + 15 Loans 677 + 548 + 528 Acceptances—Bought outright 333 7 340 Held under repurchase agreements 117 + 117 + 80 Federal Agency obligations--Bought outright 6,805 -- + 1,722 Held under repurchase agreements 140 + 140 + 87 U.S. Government securities: Bought outright—Bills 36,596 -1,039 + 1,975 Certificates — —— • W Notes 45,749 -- + 2,863 Bonds 6,097 -- + 1,575 Total bought outright 11//22// 88,442 -1,039 + 6,413 Held under repurchase agreements 2,738 +2,738 + 1,839 Total U.S. Government securities 91,180 +1,699 + 8,252 Total loans and securities 99,252 +2,497 +10,329 Cash items in process of collection (2,763) 8,420 - 736 + 2,023 Bank premises 348 + 1 + 48 Operating Equipment 18 -- + 16 Other assets 3/ 3,555 - 491 + 619 TOTAL ASSETS (4,451) 124.238 +1,271 +13,228 L I A B I L I T I ES Federal Reserve notes (1,688) 79,419 - 227 + 6,886 Deposits: Member bank-reserves account 27,885 + 3 - 290 U.S. Treasury-general account 6,320 +1,278 + 4,934 Foreign 227 - 50 57 Other 4/ (1,000) 1,135 7 + 561 Total deposits (1,000) 35,567 +1,224 + 5,148 Deferred availability cash items (1,763) 5,728 + 59 +1,009 Other liabilities and accrued dividends 1,152 + 108 + 75 TOTAL LIABILITIES (4,451) 121,866 +1,164 +13,118 C A P I T AL A C C O U N TS Capital paid in 960 -— + 49 Surplus 929 — + 32 Other capital accounts 483 + 107 + 29 * Figures in parentheses are the eliminations made in the consolidating process. ** Estimated (Cleveland and Dallas Districts). 1J Excludes $807 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $118 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. JULY 28, 1976 (Acceptances and securities held under repurchase agreements are classified as mmaattuurriinngg wwiittnnmm 1133 aaaavvss iinn accordance \ ritn maximum maturity UI tuc aKicculcnLo* J U.S. Government Federal Agency LLooaannss Accept- securities obligations ances Holdings Weekly Holdings 1 Weekly changes 1 changes Within 15 days 677 164 6,133 +1,478 182 +139 16 days to 90 days -- 216 18,439 - 283 309 + 42 91 days to 1 year -- 70 25,137 + 504 919 - 41 Over 1 year to 5 years -- -- 28,531 -- 3,374 -- Over 5 years to 10 years — — 8,283 -- 1,468 -- Over 10 years — — 4,657 -- 693 -- Total 677 450 91,180 +1,699 6,945 +140 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 28, 1976 New Phila- Cleve- Rich- St. Minne- Kansas * S an Total Boston York delphia * land mond Atlanta Chicago Louis apolis Citv DallasIFrancisco (In mill. ions 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 1,688 83 365 99 77 153 240 96 53 40 57 121 304 Other cash 347 17 20 5 49 37 43 32 30 13 45 17 39 Loans 677 39 445 38 — 34 11 13 43 6 10 32 6 Acceptances: Bought outright 333 333 mm mm «•» mm * • —— —- —— -- — -- ' — Held under repurchase agreements 117 -- 117 — — — — — -- 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 140 — 140 — -- — U.S. Government securities: " Bought outright- Bills 36,596 1;, 691 8 ,j6 07 2,031 3., 017 2,937 1,960 5,861 1,492 837 1,449 1,738 4,976 Certificates mm mm mm mm — W —— -- — 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/ 88,442 4-,087 20,, 802 4,907 7:, 292 7,098 4,738 14,163 3,606 2,022 3,501 4,201 12,025 2, Held under repurchase agreements 2,738 ,738 «w mm * m — — — — —— — — Total U.S. Government securities 91,180 4.. 087 231 ,540 4,907 7 ,292 7,098 4,738 14.163 3,606 2,022 3,501 4,201 12,025 Total loans and securities 99,252 4,440 26 ,3 176 5,323 7:, 853 7,678 5,114 15,266 3,926 2,184 3,780 4,556 12,956 Cash items in process of collection 11,183 361 2,, 135 382 570 1,679 936 1,353 435 487 844 704 1,297 Bank premises 348 100 21 57 25 32 14 16 13 32 17 12 9 Operating Equipment 18 2 3 3 — — 1 . * 4 1 -- 2 2 Other assets 3/ 3,555 102 1,, 646 152 189 174 161 358 86 58 121 124 384 Interdistrict settlement account -0- + 9 -1,, 504 - 366 4-1, 590 - 221 - 520 - 518 + 41 + 192 - 54 + 106 +1.245 TOTAL 128,689 5;, 689 32,, 386 6,337 11;, 355 10,587 6,624 18,418 5,084 3,243 5,232 6,090 17,644 * Estimated (Cleveland and Dallas Districts). 1/ Excludes $807 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $118 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3J 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 28, 1976 New Phila- Cleve- Rich- St. Minne- Kansas San Total Boston York delphia lan * d mond Atlanta Chicago Louis apolis City Dallas Francisco * (In millions of dollars) L I A B I L I T I ES D F e e p d o e s r i a t l s : R eserve notes 81,107 4,016 20,631 4,694 6,929 7,303 3,729 13,024 3,481 1,685 2,907 3,246 9,462 D O e t f h F M O U e e o e t . r r T r h m S i r e e u . b l e £ r i t e i d k a g T r i a 2 n r b 1 a / u b e i v c a a l t a p n s i * i U k u t l o r i C a i r y e b L e — s S' i s g l e e i a r n n t v d y e e r s c a a a c l s c h u a r c e i c d t o e u m n s t 3 2 6 7 2 7 6 , , . , , 4 5 1 8 2 3 9 3 6 2 8 2 1 5 7 7 5 0 1, 2 2 4 8 5 8 2 1 1 4 9 2 9 1 1 9 / 1 7 , , , 5 9 9 0 8 9 2 1 4 3 3 9 7 1 8 6 1 1, 4 2 1 8 9 7 1 7 1 8 8 0 6 1 1 2 1 1 1 , , . , 1 9 0 5 4 5 8 0 2 0 5 3 3 2 0 3 8 1 1 1 , , , 3 7 5 1 3 2 3 6 1 1 5 8 7 3 3 5 2 1 , , 4 2 7 3 5 0 6 3 8 1 7 7 5 7 7 8 4 3 , , 1 6 6 4 8 9 9 3 4 2 6 8 0 6 8 1, 2 1 4 7 9 8 3 4 8 4 4 8 2 1,0 3 3 7 7 9 4 1 3 7 5 2 9 7 1 1 , , 5 4 6 0 0 6 1 6 1 0 1 9 z 9 0 2 1 , , 4 2 5 7 2 4 0 0 1 1 9 3 8 9 3 3 7 6 , , 0 6 2 6 6 6 6 8 3 1 2 l 7 0 8 6 di T v ifU i Yl d Ti e vA n LT d TL s l AT DAtltLTTl lTT TITh7oC 126 1 , . 3 1 1 5 7 2 ' 4 5 7 , 598 31,7 2 7 89 8 6,22 5 7 7 11,15 8 3 8 10.44 7 4 8 6,45 5 2 9 18, 1 05 5 5 3 5,00 3 2 9 3,17 2 9 4 5,13 6 5 7 5,9 4 6 6 4 17,3 20 3 5 0 CCAAPPIITTAALL AACCCCOOUUNNTTSS OO CC SS tt aa uu hh pp rr ee ii pp TT rr tt ll OO aa uu TT cc ll ss AA aa LL pp pp ii aa tt LL ii aa dd II ll AA BB ii aa nn II cc LL cc II oo TT uu II nn EESS ttss AANNDD 4 9 9 8 2 6 3 9 0 2 3 3 1 5 5 2 2 1 3 2 4 9 1 8 4 4 2 2 3 5 3 8 8 8 3 1 5 3 5 2 8 3 2 7 7 5 2 5 1 1 4 7 4 2 6 5 3 3 1 2 1 9 2 2 1 6 7 1 4 3 1 0 9 8 5 2 5 2 1 3 1 1 7 1 2 0 8 6 CCAAPPIITTAALL AACCCCOOUUNNTTSS 128,689 5,689 32,386 6,337 11,355 10,587 6,624 18,418 5,084 3,243 5,232 6,090 17,644 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding Collateral for F.R. notes: 84,984 4,166 21,439 4,953 7,144 7,580 4,413 13,334 3,683 1,752 3,036 3,421 10,063 A G S c o p c l e e d c p i t c a a e l n r c t D e i r s 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, 3 5 9 9 4 6 54 3 2 5 33,,33 1177 55 55 00 641 939 99 "" 2 5599 33 99 66 1,704 46 3 6 0 22 1 2 4 39 1 6 8 42 2 0 7 1,32 5 5 9 T U o . t S a . l Go c v o e l r l n a m t e e n r t a l s ecurities 8 7 6 4 , , 6 6 2 3 0 0 4 3 , , 2 6 5 7 2 5 2 1 1 8 , , 7 2 7 5 5 0 4 5 , ,0 4 4 0 1 0 7 6 , , 2 3 9 6 9 0 7 6 , , 6 6 6 7 7 5 4 4 , , 6 0 3 0 5 0 1 1 3 1 , , 5 8 0 0 4 0 3 3 , , 7 2 4 5 6 0 1 1 , , 8 6 4 1 6 0 3 2 , , 1 7 1 0 4 0 3 3 , , 4 0 5 1 7 0 1 8 0, , 2 9 8 0 4 0 "otiluatcu v^icveidna ana Dallas Districts). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis