H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and • f*AL RE** • Condition Statement of F.R. Banks H.4.1 For immediate release August 12, 1976 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Aug. 11, Aug. 4, L I Aug. 13, Aug. 11, and related items 1976 1976 V 1975 1976 Reserve Bank credit: 1/ (In millions of dollars) 2/ 3/ U.S. Government securities-- Bought outright--System account 88,023 - 559 + 8,116 85,990 Held under repurchase agreements -2,634 Special Certificates 231 Federal Agency oblications— Bought outright 6,805 + 1,722 6,805 Held under repurchase agreements 75 Acceptances — Bought outright 312 15 350 300 Held under repurchase agreements 345 Loans— Total member bank borrowing 122 - 34 57 599 Includes seasonal borrowing of: 26 + 4 9 27 Other borrowing Float 2,519 + 52 + 672 3,458 • Other F.R. assets 4,239 + 219 + 1,014 4,209 Total Reserve Bank credit 102,021 -3,390 +10,886 101,361 Gold Stock 11,598 — 5 11,598 Special Drawing Rights certif. acct. 700 - - + 200 700 Treasury currency outstanding 10,681 + 14 + 977 10,692 125,000 -3,376 +12,059 124,351 Currency in circulation * 89,748 + 570 + 7,712 90,162 Treasury cash holdings * 450 - 50 + 73 450 Treasury deposits with F.R. Banks 5,416 -2,207 + 5,207 4,666 Foreign deposits with F.R. Banks 224 64 47 199 Other deposits with F.R. Banks 4/ 934 89 + 327 921 • O t s h er F.R. liabilities and capital 3,136 - 262 + 195 3,136 99,907 -2,103 +13,466 99,534 Member bank reserves: With Federal Reserve Banks 25,094 -1,273 - 1,407 24,817 Currency and coin 8,325 + 134 + 663 8,325 Total reserves held 5/ 33,567 -1,139 596 33,290 Required reserves 33,602 - 660 - 545 33,602 Excess reserves 5/ 35 - 479 51 - 312 NOTE: A net of $191 million of surplus reserves were eligible to be carried forward from the week ended August 4, into the week ending August 11. u August 11, 1976, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and 1 ? accounts were $46,867 million, and increase of 9153 million for the week. 1/ Net of $1,245 million, daily average, matched sale-purchase trans- ->/ T actions outstanding during the statement week. !3,v94 m"lion of securities sold, and scheduled to be T under matched sale-purchase transactions. 3/ nc u es $73 million securities loaned--fully secured by U S Government securities pledged with Federal Reserve Banks. ' 4/ , i: ?b,m2 kmlill |on -of c ert«a*in« «de•p"o-sit>s of foreign-owned banking * 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 August 11, August 4, August 13, 1 A S S E TS 1976 1976 1975 Gold certificate account 11,598 —• 4 Special Drawing Rights certif. acct. * 700 t 200 Cash (1,440) 349 - 2 8 Loans 599 - 170 + 56 Acceptances--Bought outright 300 - 20 - 357 Held under repurchase agreements - - - 479 —-» Federal Agency obligations--Bought outright 6,805 — * +1,722 Held under repurchase agreements -- - 166 — U.S. Government securities: Bought outright--Bills 34,144 -2,, 546 + 807 Certificates - Special -- -- - 399 - Other Notes 45,749 mm * +2,863 Bonds 6,097 +1.575 Total bought outright 1/2/ 85,990 -2, 546 +4,846 Held under repurchase agreements -4,, 755 — Total U.S. Government securities 85,990 -7,, 301 +4,846 Total loans and securities 93,694 -8 ,136 +6,267 Cash items in process of collection (1,667) 8,361 - 528 +1,035 Bank premises 349 + 2 + 48 Operating Equipment 20 + 2 + 18 Other assets 3,840 + 117 + 839 TOTAL ASSETS (3,107) 118.911 -8 ,545 +8,395 L I A B I L I T I ES Federal Reserve notes (1,440) 80,269 + 496 +6 ,935 Deposits: Member bank-reserves account 24,817 -6 ,994 -3 ,357 U.S. Treasury-general account 4,666 -1 ,190 +4 ,666 Foreign 199 - 65 - 94 Other 4y 921 - 142 + 327 Total deposits 30,603 -8 ,391 +1 ,542 Deferred availability cash items (1,667) 4,903 : - 640 - 229 Other liabilities and accrued dividends 1,033 - 130 + 55 TOTAL LIABILITIES (3,107) 116,808 -8 ,665 +8 ,303 C A P I T AL A C C O U N TS Capital paid in 963 + 4 + 51 Surplus 4k 929 . — + 32 Other capital accounts 211 + 116 + 9 Figures in parentheses are the eliminations made in the consolidating process. i/ Excludes $3,394 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $73 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. % Includes assets denominated in foreign currencies. 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 11, 1976 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 davs in accordance *r ith maximum maturity of the agreements.) U.S. Government Federal Agency Loans Accept- securities obligations ances Holdings Weekly Holdings Weekly changes changes Within 15 days 581 49 ~ 5,349 -5,505 101 - 65 16 days to 90 days 18 194 14,102 -1,990 228 -101 91 days to 1 year 57 25,127 + 194 953 —— Over 1 year to 5 years -- --. 28,472 —— 3,362 —— Over 5 years to 10 years — ; 8,283 - - 1,468 —— Over 10 years -•- 4,657 —— 693 Total 599 300 85,990 -7,301 6,805 -166 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 AUGUST 11, 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 1,440 73 338 88 54 134 194 78 39 35 60 99 248 Other cash 349 16 20 8 49 37 44 32 28 13 45 19 38 Loans 599 25 289 5 32 168 1 39 10 15 15 Acceptances: Bought outright 300 — 300 -- —— — — -- -- — —- —— — — Held under repurchase agreements - - — —— — — — — — -- mmmm • «• — — 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 34,144 1,578 8,031 1,895 2,815 2,741 1,828 5,468 1,392 781 1,351 1,621 4,643 Certificates -- -- —— —— — — — — wmmm * — —— — —— 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/ 85,990 3,974 20,226 4,771 7,090 6,902 4,606 13,770 3,506 1,966 3,403 4,084 11,692 Held under repurchase agreements - - —— — — — — — — — «• — mm *• «• mm mm w mm * •" mm Total U.S. Government securities 85.990 3,974 20.226 4,771 7,090 6,902 4,606 13,770 3,506 1,966 3.403 4.084 11,692 Total loans and securities 93,694 4,313 22,416 5,149 7,651 7,453 5,003 15,028 3,784 2,161 3,682 4,422 12,632 Cash items in process of collection 10,028 362 1,847 336 498 1,513 868 1,201 491 449 846 613 1,004 Bank premises 349 101 21 57 24 33 14 16 13 32 17 12 9 Operating Equipment 20 -- 2 3 3 «- — 1 4 1 mm mm 2 4 Other assets 3/ 3,840 116 1,717 167 203 190 166 382 91 59 97 151 501 Interdistrict settlement account -0- - 140 + 617 - 12 - 169 - 145 - 709 - 303 + 41 - 22 - 151 + 133 + 860 TOTAL 122,018 5,418 30,503 6,478 9,312 10,270 6,216 18,249 4,987 2,964 5,018 5,899 16,704 1/ Excludes $3,394 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $73 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ 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 AUGUST 11, 1976 New Phila- Cleve- Rich- St. Minne- Kansas San Total Boston York delphia land 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 81,709 4,039 20 ,732 4 ,705 6,967 7,350 3,757 13;, 199 3,509 1,689 2 ,940 3,277 9 ,545 D O e t f h F M O U e e o t e . r r T r h m S r o e e b . e t i l r e d g i a r T a n T 2 r a b / b e v i d a a a l e n s i i p k u t l o r i a s r y e b i e — i s t s g l e s e i a r t n n v y d e e r s a c a c a l c s u h a r c e c i d t o e u m n s t 3 2 0 6 4 4 , , , , 6 6 5 9 8 1 0 2 6 7 1 9 3 1 6 0 7 9 3 9 3 6 1 3 0 2 7 8 7 9 1 1 1/ 8 6 . : , , 9 8 6 0 5 1 1 5 2 8 8 9 6 1 4 0 9 1:, 4 1 9 4 3 8 8 3 1 8 7 1 6 6 1 1 1 , , 3 7 3 3 8 0 5 2 2 8 0 9 0 0 1 1 1 1 , , , 2 4 0 3 9 2 8 1 1 1 5 4 1 6 4 3 1 1 , , 4 8 6 1 2 2 4 0 5 1 4 3 3 4 8 8 3 3 3 , , , 6 5 8 3 8 3 3 9 1 6 5 8 6 8 9 1,1 2 3 7 0 6 4 4 2 8 8 5 1 8 3 8 5 2 8 1 9 0 3 2 0 9 2 7 1 1 : : , , 6 2 2 0 6 3 1 9 4 3 2 3 0 1 6 2 1 , , 4 0 6 3 1 4 8 3 1 1 4 9 5 2 9 3 6 5 , S , , 6 6 0 3 2 3 3 5 1 6 6 7 0 2 6 9 di T v O i T d A e L n d L s I ABILITIES , 1 1 1 9 , , 0 9 3 1 3 5 5,34 4 0 6 29,9 2 6 3 3 2 6,, 3 5 8 5 3 9,13 7 1 5 10,14 8 9 0 6,05 5 7 3 17,9 1 3 4 1 8 4,91 3 7 8 2,90 2 6 4 4,, 9 3 3 7 1 5,784 16,, 423 CAPITAL ACCOUNTS O C S t a u h p r e p i T r l t O u a T s l c A a L p p i a L t i I a d A l B i I n a L c I c T o I u E n S t s A ND 2 9 9 2 6 U 9 3 ' j ! 1 3 3 5 5 8 2 2 3 5 4 9 3 8 4 4 1 2 3 0 8 8 1 1 3 7 - 5 1 5 5 2 4 - JL 7 7 2 2 5 _ 1 1 3 4 4 1 2 5 —L 3 3 1 2 2 2 6 7 4 3 0 9 5 5 2 3 __ 1 1 a 1 2 i 8 8 _ CAPITAL ACCOUNTS 122,018 5,418 30,503 6,478 9,312 10,270 6,216 18,249 4,987 2,964 5,018 5,899 16,704 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding Collateral for F.R. notes: 85;, 179 4;, 175 213, 452 5,, 011 7 ,140 71, 594 4,, 405 13,, 431 3,665 L ,743 3 ,076 3,417 10,070 Gold certificate account A S c p c e e c p i t a a l n c D e r s a wing Rights certif. acct. 11=,, 33 55 99 99 44 66 5544 33 22 55 3 ,, 11 j33 77 55 55 00 641 939 992 59 3 9 6 1,, 704 46 3 6 0 2 1 2 4 2 39 1 6 8 42 2 0 7 1,32 5 5 9 T U o . t S a . l G c o o v l e l r a n t m e e r n a t l securities 8 7 6 4 , ,, , 7 7 2 3 0 0 4 3 , ,, , 2 6 5 7 2 5 2 1 1 8 , , 2 7 7 5 5 0 5 4 , ,, 1 5 4 0 1 0 7 6 . ,, , 2 3 9 6 9 0 6 7 , « , , 6 6 7 6 5 7 4 4 , ,, , 6 0 3 0 5 0 1 1 3 1 , , , 8 5 0 0 0 4 3 3 , , 7 2 4 5 6 0 1 1 , ,, , 8 6 4 1 6 0 3 2 , ;, , 7 1 0 1 0 4 3 3 , , 4 0 5 1 7 0 1 8 0 , ,2 9 8 0 4 0 1/ After deducting $175 million participations of other Federal Reserve Banks. - voiuntariiy Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis