H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and ••f^ALKSe- Condition Statement of F.R. Banks H.4.1 For Immediate release August 5, 1976 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Aug. 4, * July 28, I Aug. 6, and related items 1976 1976 I 1975 Reserve Bank credit: 1/ (In millions of dollars) U.S. Government securities-- Bought outright--System account 88,582 - 407 4-7,169 88,536 Held under repurchase agreements 2.634 r2,1 07 + 2,634 4,755 Special Certificates -- * 231 -- Federal Agency obligations — Bought outright 6,805 H- 1,722 6,805 Held under repurchase agreements 75 + 44 4- 75 166 Acceptances— Bought outright 327 - 10 - 351 320 Held under repurchase agreements 345 + 327 H- 345 479 Loans-- Total member bank borrowing 156 3 24 769 Includes seasonal borrowing of: 22 - 5 7 24 Other borrowing Float 2,487 + 22 4- 962 3,297 Other F.R. assets 4,000 - 87 4- 78 j 3,946 Total Reserve Bank credit 105,411 4,993 +13,083 109,073 Gold Stock 11,598 — — * 19 11,598 Special Drawing Rights certif. acct. 700 — ## 4- 200 700 Treasury currency outstanding 10,667 + 3 4- 967 10,667 128,376 4-1, 997 4-14,232 132,038 Currency in circulation ** 89,154 + 121 4-7,623 89,421 Treasury cash holdings ** 500 —• — 4- 146 500 Treasury deposits with F.R. Banks 7,623 4-1, 405 4-6,418 5,856 Foreign deposits with F.R. Banks 288 + 38 4- 11 264 Other deposits with F.R. Banks 4/ 1,023 - 20 4- 361 1,063 Other F.R. liabilities and capital 3,395 - 32 4- 287 3,123 101,983 4-1, 512 4-14,846 100,227 Member bank reserves: With Federal Reserve Banks 26,394 4- 485 613 31,811 Currency and coin 8,191 4- 46 4- 645 8,191 Total reserves held 5/ 34,733 + 531 4- 180 40,150 Required reserves 34,262 4- 62 - 92 34,262 Excess reserves 5/ 471 4- 469 4- 272 5,888 NOTE: A net of $4 million of deficit reserves were eligible to be carried forward from the week ended July 28, into the week ending August 4. On August 4, 1976, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $46,714 million, an increase of $306 million for the week. 1/ Net of $668 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $714 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $90 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 4/ Includes $12 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. Digitized for FRASER Estimated (Atlanta, Chicago, and Ran Francisco Districts). http://fraser.stlouisfed.org/ Estimated (Treasury1s figures). 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 August 4, July 28, August 6, A S S E TS 1976 1976 1Q7S Gold certificate account 11,598 — -» - 10 Special Drawing Rights certif. acct. * 700 — — + 200 Cash (1,656) 360 + 13 + 21 Loans 769 + 92 + 652 Acceptances--Bought outright 320 - 13 - 344 Held under repurchase agreements 479 + 362 + 479 Federal Agency obligations—Bought outright 6,805 -- + 1,722 Held under repurchase agreements 166 + 26 + 166 U.S. Government securities: Bought outright--Bills 36,690 + 94 + 5,275 Certificates - Special — — — - 965 - Other -- —— —— Notes 45,749 —— + 2,863 Bonds 6,097 —— + 1,575 Total bought outright 1/2/ 88,536 + 94 + 8,748 Held under repurchase agreements 4,755 +2 ,017 + 4,755 Total U.S. Government securities 93,291 +2 ,111 +13,503 Total loans and securities 101,830 +2 ,578 +16,178 Cash items in process of collection (1,698) 8,793 + 965 + 1,070 Bank premises 347 - 1 + 47 Operating Equipment 18 + 16 -- Other assets 3/ 3,581 + 6 + 655 TOTAL ASSETS (3,354) 127,227 +3 ,561 +18,177 L I A B I L I T I ES Federal Reserve notes (1,656) 79,614 + 205 + 6,548 Deposits: Member bank-reserves account 31,811 +3 ,793 +4,793 U.S. Treasury—general account 5,856 - 464 + 5,856 Foreign 264 + 37 + 5 Other 4/ 1,063 - 71 + 398 Total deposits 38,994 +3 ,295 +11,052 Deferred availability cash items (1,698) 5,496 + 461 + 349 Other liabilities and accrued dividends 1,140 - 9 + 157 TOTAL LIABILITIES (3,354) 125,244 +3 ,952 +18,106 C A P I T AL A C C O U N TS Capital paid in 959 - 1 + 47 Surplus 929 —— + 32 Other capital accounts 95 390 8 - - * Figures in parentheses are the eliminations made in the consolidating process. ** Estimated (Atlanta, Chicago, and San Francisco Districts). 1/ Excludes $714 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $90 million securities loaned--fully secured by U.S. Government securities, pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. 4/ Includes $12 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. AUGUST 4. 1976 (Acceptances and securities held under repurchase agreements are classified as U.S. Government Federal Agency Loans Accept- securities obligations ances Holdings Weekly Holdings Weekly changes changes Within 15 days 755 536 10,854 +4,721 166 - 16 16 days to 90 days 14 197 16,092 -2,347 329 + 20 91 days to 1 year 66 24,933 - 204 953 + 34 Over 1 year to 5 years • W a# —— 28,472 - 59 3,362 - 12 Over 5 years to 10 years mm 8,283 — — 1,468 mm Over 10 years mm mm mm 4,657 -— 693 — — Total 769 799 93,291 +2,111 6,971 + 26 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERA LRESERVE BANK ON AUGUST 4, 1976 New Phila- Cleve- Rich- St. Minne- Kansas San * Total Boston York delphia land mond * Atlanta * Chicago 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 1,656 80 345 97 69 147 254 106 43 39 58 106 312 Other cash 360 16 20 7 49 38 52 33 29 13 45 19 39 Loans 769 98 607 1 1 10 9 5 5 11 8 14 Acceptances: Bought outright 320 -- 320 - - — -- -- — — -- — Held under repurchase agreements 479 — 479 — — — -- — — — — -- Federal Agency obligations-- Bought outright 6,805 314 1,601 378 561 546 365 1,090 277 156 269 332233 925 Held under repurchase agreements 166 -- 166 — — -- — -- -- — U.S. Government securities: Bought outright- Bills 36,690 1,696 8,629 2,036 3,025 2,945 1,965 5,876 1,496 839 1,452 1,742 4,989 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/ 88,536 4,092 20,824 4,912 7,300 7,106 4,743 14,178 3,610 2,024 3,504 4,205 12,038 Held under repurchase agreements 4,755 — —* 4,755 — — — * —— — — — — — — — — -- —— -- Total U.S. Government securities 93,291 4,092 25,579 4,912 7.300 7,106 4,743 14,178 3,610 2,024 3,504 4,205 12,038 Total loans and securities 101,830 4,504 28,752 5,291 7,861 7,653 5,118 15,277 3,892 2,185 3,784 4,536 12,977 Cash items in process of collection 10,491 352 1,858 270 524 1,673 967 1,111 550 440 790 662 1,294 Bank premises 347 101 21 57 24 32 14 16 13 32 16 12 9 Operating Equipment 18 —— 2 3 3 — 1 — 4 1 -- 2 2 Other assets 3/ 3,581 112 1,663 158 194 173 156 360 97 58 97 118 395 Interdistrict settlement account -0- + 189 -2,593 - 278 + 958 + 155 - 516 + 497 + 70 + 23 + 25 + 168 +1,302 TOTAL 130,581 5,931 33,593 6,287 10,681 10,926 6,681 19,215 5,194 3,027 5,237 6,071 17,738 * Estimated (Atlanta, Chicago, and San Francisco Districts). 1J Excludes $714 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $90 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. i Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERA LRESERVE BANK ON AUGUST 4, 1975 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 81,270 4,017 20,727 4,696 6,934 7,326 3,698 13,022 3,497 1,682 2,920 3,256 9,495 Deposits: Member bank reserves 31,811 1,064 8,829 944 2,604 1,421 1,677 4,473 715 564 .1,156 1,774 6,590 U.S. Treasury—general account 5,856 401 1,055 291 451 608 451 578 413 297 372 406 533 Foreign . 264 9 1/ 89 11 20 13 18 36 8 7 10 13 30 Other 2/ 1 1 878 L 1 15 38 7 an 2 . 2 19 16 Total deposits 38,994 1,475 10,851 1,250 3,076 2,057 2,184 5,094 1,216 870 1,540 2,212 7,169 Deferred availability cash items 7,194 315 1,182 197 424 1,353 588 650 375 395 656 449 610 Other liabilities and accured dividends 1 , IAD SI 55 76 78 57 1 5? 39 JU 38 65 204 TOTAL LIABILITIES 128,598 5,858 33,081 6,198 10,510 10,814 6,527 18,918 5,127 2,971 5,154 5,962 17,478 CAPITAL ACCOUNTS Capital paid in 959 35 248 43 83 53 75 144 32 27 40 53 126 Surplus 929 35 239 42 81 52 72 142 31 26 39 52 118 Other capital accounts 95 3 25 4 7 7 7 11 4 3 4 4 16 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 130,581 5,931 33,593 6,287 10,681 10,926 6,681 19,215 5,194 3,027 5,237 6,071 17,738 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 85,029 4,158 21,441 5,000 7,142 7,585 4,419 13,314 3,673 1,749 3,060 33,,441122 10,076 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. 394 35 175 — — «• — — — 36 - - 30 14 18 27 59 Acceptances — — — — — - «• — -- — — — — » — — — — — — — — — — — U.S. Government securities 76,710 3,675 oc c 4,500 6,360 6,675 4,000 11,800 3,250 1.610 2,700 3.010 8.900 Total collateral 86,720 4,252 21,775 5,141 7,299 7,667 4,635 13,504 3,746 1,846 3,114 3,457 10,284 * Estimated (Atlanta. Chicago, and San Francisco Districts)* If After deducting $175 million participations of other Federa lReserve Banks. 2/ Includes $12 million of certain deposits of foreign-owned banking institutions volunatarily held with member bank sand redeposited in full with Federal Reserve Banks. * Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis