H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE m Factors Affecting Bank Reserves and Condition Statement of F.R. Banks • f*AL R• H.4.1 For immediate release August 19, 1976 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Aug. 18, Aug. 11, Aug. 20, Aug. 18, and related items 1976, 197ft *il 1975 ,1976 Reserve Bank credit: 1/ (In millions of dollars) 2/ 3/ U.S. Government securities-- Bought outright--System account 88,909 + 886 +7,506 89,415 Held under repurchase agreements il,576 +lj 576 4- 1,208 5,388 Special Certificates — - 206 -- Federal Agency obiications-- Bought outright 6,805 + 1,722 6,805 Held under repurchase agreements 46 + 46 + 31 111 Acceptances — Bought outright 296 16 368 285 Held under repurchase agreements 173 + 173 + 163 399 Loans-- Total member bank borrowing 85 37 - 119 286 Includes seasonal borrowing of: 30 + 4 5 30 Other borrowing Float 2,742 + 225 + 842 3,558 Other F.R. assets 3,587 - 652 + 903 3,105 Total Reserve Bank credit 104,219 +2 ,200 +11,681 109,352 Gold Stock 11,598 —— 4 11,598 Special Drawing Rights certif. acct. 700 * «* + 200 700 Treasury currency outstanding 10,695 + 14 + 980 10,698 127,211 +2 ,213 +12,856 132,348 Currency in circulation 89,882 + 134 + 7,854 89,930 Treasury cash holdings 450 —— + 84 450 Treasury deposits with F.R. Banks 6,067 + 651 + 5,768 9,323 Foreign deposits with F.R. Banks 352 + 128 + 50 222 Other deposits with F.R. Banks 4/ 909 - 25 + 326 815 Other F.R. liabilities and capital 3,253 + 117 + 193 3,390 100,913 +1 ,006 +14,276 104,130 Member bank reserves: With Federal Reserve Banks 26,299 +1 ,207 - 1,418 28,218 Currency and coin 7,950 - 375 + 1,038 7,950 Total reserves held 5/ 34,400 + 835 - 229 36,319 Required reserves 34,063 + 461 - 355 34,063 Excess reserves 5/ 337 + 374 + 126 2,256 NOTE: A net of $23 million of deficit reserves were eligible to be carried forward from the week ended August 11 , into the week ending August 18. On August 18,, 1976, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $47,904 million, an increase of $1,037 million for the week. 1/ Net of $871 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $934 million of securities sold, and scheduled to be bought back, under match sale-purchase transactions. 3/ Includes $121 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 4/ Includes $10 million of certain deposits of foreign-owned banking institutions volunatrily held with member banks and redeposited in full with Federal Reserve Banks. 5/ Adjusted to include $151 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. Digitized for FRASER * Estimated (Treasury's figures). http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(a) CONSOLIDATED STATEMENT OP CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since August 18, August 11, August 20, A S S E TS 1976 1976 1975 Gold certificate account 11,598 - - - 2 Special Drawing Rights certif. acct. * 700 —— + 200 Cash (1,570) 360 + 11 + 5 Loans 286 - 313 - 358 Acceptances--Bought outright 285 - 15 - 377 Held under repurchase agreements 399 + 399 + 336 Federal Agency ob1igations-rBought outright 6,805 -- + 1,722 Held under repurchase agreements 111 + 111 + 5 U.S. Government securities: Bought outright—Bills 37,569 +3 ,425 + 3,914 Certificates -- —— -- Notes 45,499 - 250 + 2,913 Bonds 6.347 + 250 + 1,525 Total bought outright 1/2/ 89,415 +3 ,425 + 8,352 Held under repurchase agreements 5,388 4-5, 388 + 2,808 Total U.S. Government securities 94,803 +8 ,813 +11,160 Total loans and securities 102,689 +8 ,995 +12,488 Cash items in process of collection (1,865) 9,053 + 692 + 1,616 Bank premises 350 + 1 + 47 Operating Equipment 22 + 2 + 20 Other assets 3/ 2,733 -1 ,107 + 434 TOTAL ASSETS (3,435) 127,505 +8 ,594 +14,808 L I A B I L I T I ES Federal Reserve notes (1,570) 80,042 - 227 + 7 ,002 Deposits: Member bank-reserves account 28,218 +3 ,401 - 1 ,643 U.S. Treasury—general account 9,323 +4 ,657 + 8 ,663 Foreign 222 + 23 - 111 Other 4/ 815 - 106 + 261 Total deposits 38,578 +7 ,975 + 7 ,170 Deferred availability cash items (1,865) 5,495 + 592 + 394 Other liabilities and accrued dividends 1,174 + 141 + 140 TOTAL LIABILITIES (3,435) 125,289 +8 ,481 +14 ,706 C A P I T AL A C C O U N TS Capital paid in 964 + 1 + 52 Surplus 929 —— + 32 Other capital accounts 323 + 112 + 18 Figures in parentheses are the eliminations made in the consolidating process. 1/ Excludes $934 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $121 million securities loaned--fully secured by U.S. Government securities pledged with* Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. 4/ Includes $10 million of certain deposits of foreign-owned banking institutions voluntarily held with member banks and redeposited in full with Federal Reserve Banks. i MATURITY DISTRIBUTION: OF LOANS AND SECURITIES. AUGUST 18. 1976 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 davs in accordance vd th maximum maturity of the agreements.) U.S. Government Federal Agency Loans Accept- securities obligations ances Holdings Weekly Holdings Weekly changes changes Within 15 days 274 443 9,126 +3,777 265 +164 ' * 16 days to 90 days 12 189 17,062 +2,960 175 - 53 91 days to 1 year 52 25,620 + 493 953 ** * Over 1 year to 5 years -- -- 28,453 - 19 3,362 • mm-mm Over 5 years to 10 years -- -- 9,636 +1,353 1,468 • mm Over 10 years -- ' -- 4,906 + 249 693 mm mm Total 286 684 94,803 +8,813 6,916 +111 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 18, 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 1,570 72 345 82 60 158 222 79 50 37 73 122 270 Other cash 360 17 23 10 49 38 45 33 30 13 45 19 38 Loans 286 15 1 22 * 1 30 31 7 18 11 30 120 Acceptances: Bought outright 285 — 285 -— -- —— —— —— — — * — - — — — -- Held under repurchase agreements 399 - - 399 -— - - —— — — — • — — — — — — — 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 111 -- 111 -- -- -- - - —— -— — -- -- U.S. Government securities: Bought outright- Bills 37,569 1,736 8,836 2,084 3,098 3,015 2,013 6,017 1,532 859 1,487 1,784 5,108 Certificates —- —— -- — — — — — mm mm mm mm mm mm ** — • — — — Notes 45,499 2,103 10,702 2,525 3,751 3,652 2,437 7,286 1,855 1,040 1,801 2,161 6,186 Bonds 6,347 293 1,493 352 523 510 340 1,016 259 145 251 302 863 Total bought outright 1/2/ 89,415 4,132 21,031 4,961 7,372 7,177 4,790 14,319 3,646 2,044 3,539 4,247 12,157 Held under repurchase agreements 5.388 -- 5,388 —— — — • — — — mm mm m» mm — * mm mm w •* • — Total U.S. Government securities 94,803 4,132 26,419 4,961 7,372 7,177 4,790 14.319 3,646 2,044 3,539 4,427 12,157 Total loans and securities 102,689 4,461 28,816 5,361 7,933 7,724 5,185 15,440 3,930 2,218 3,819 4,600 13,202 Cash items in process of collection 10,918 349 1,740 264 544 1,656 911 1,723 431 473 834 707 1,286 Bank premises 350 102 21 57 24 33 14 16 13 32 17 12 9 Operating Equipment 22 — 2 3 3 —— 1 •W — 4 1 mm mm 4 4 Other assets 2/ 2,733 74 1,441 108 133 113 115 239 60 40 66 77 267 Interdistrict settlement account -0- + 297 -1,986 - 156 2 + 135 - 227 - 598 + 214 + 318 + 104 + 301 +1,600 TOTAL 130,940 5,949 33,927 6,411 9,743 10,912 6,901 18,747 5,228 3,368 5,380 6,290 18,084 1/ Excludes $934 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $121 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. * Less than $500,000. 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 18, 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 81,612 4,029 20,722 4,688 6,966 7,325 3,739 13,232 3,499 1,683 2,938 3,268 9,523 Deposits: Member bank reserves 28,218 1*085 8,450 718 1,605 1,179 1,717 3,068 792 618 1,095 1,740 6,151 U.S. Treasury—general account 9,323 364 2,058 627 445 797 698 1,052 502 566 493 622 1,099 Foreign 222 9 1/ 46 11 21 13 18 36 8 7 10 13 30 Other 2/ 815 * 713 3 1 13 39 9 — — 1 2 13 21 Total deposits 38,578 1,458 11,267 1,359 2,072 2,002 2,472 4,165 1,302 1,192 1,600 2,388 7,301 Deferred availability cash items 7,360 331 1,090 207 437 1,379 467 862 314 409 713 464 687 Other liabilities and accured dividends 1,174 48 281 56 79 76 58 152 38 23 38 49 276 TOTAL LIABILITIES 128,724 5,866 33,360 6,310 9,554 10,782 6,736 18,411 5,153 3,307 5,289 6,169 17,787 CAPITAL ACCOUNTS 11 Capital paid in 964 j ! 35 248 43 83 54 75 145 32 27 40 54 128 Surplus 929 ! i 35 239 42 81 52 72 142 31 26 39 52 118 Other capital accounts 323 13 80 16 25 24 18 49 12 8 12 15 51 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 130,940 5,949 33,927 6,411 9,743 10,912 6,901 18,747 5,228 3,368 5,380 6,290 18,084 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding Collateral for F.R. notes: 85,265 4 ,184 21,458 4,997 7,134 7,608 4,432 13,485 3,668 1,745 3,072 3,421 10,061 A G S c o p c l e e d c p i t c a a e l n r t c D i e r s f a i w c i a n t g e R i a g cc h o t u s n c t ertif. acct. 11, 3 5 9 9 4 6 54 3 2 5 3,3 17 5 5 0 641 939 99 — 2 3 5 6 9 9 1,704 46 3 6 0 22 1 2 4 39 1 6 8 42 2 0 7 1,32 5 5 9 U.S. Government securities 74.930 3 ,572 18.250 A .m JLJML 6.675 4.000 12,00p 3.250 1.610 2.700 3.010 8.900 Total collateral 86,920 4 ,252 21,775 3,746 1,846 3,114 3,457 10,284 1/ After deducting $176 million participations of other Federal Reserve Banks. Includes $1° million of certain deposits of foreign-owned banking institutions voluntarily * Less than $500,000. held with member banks and redeposited in full with Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis