H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and --Gendition Statement of F.R. Banks • f**l . Z>>x H.4.1 For immediate release August 26, 1976 Averages of daily figures Member bank reserves, Week ended Change from week enrderd rW ednesday Reserve Bank credit, Aug. 25 Aug. 18, Aug. Aug. 25, and related items 1976 1976 1975 1976 Reserve Bank credit: 1/ (In millions of dollars) 2/ U.S. Government securities-- Bought outright—System account 90,195 +1,286 + 8,999 90,829 Held under repurchase agreements 4,172 +2,596 + 3,236 3,073 Federal Agency obligations-- Bought outright 6,801 4 + 1,382 6,778 Held under repurchase agreements 144 + 98 + 123 107 Acceptances— Bought outright 279 17 392 274 Held under repurchase agreements 425 + 252 + 344 275 Loans-- Total member bank borrowing 67 18 205 70 Includes seasonal borrowing of: 30 — 10 31 Other borrowing Float 2,385 - 392 + 804 2,967 Other F.R. assets 3,386 - 201 + 679 4,041 Total Reserve Bank credit 107,854 +3,600 +14,969 108,414 Gold Stock 11,598 — 2 11,598 Special Drawing Rights certif. acct. 700 — — + 200 700 Treasury currency outstanding 10,698 + 3 + 983 10,698 130,850 +3,604 +16,150 131,410 Currency in circulation 89,453 - 429 + 7,838 89,482 Treasury cash holdings 450 — + 84 450 Treasury deposits with F.R. Banks 10,135 +4,068 + 8,957 10,167 Foreign deposits with F.R. Banks 240 - 112 __ 219 Other deposits with F.R. Banks 3/ 943 + 34 + 228 1,873 Other F.R. liabilities and capitaT 3,394 + 141 + 198 3,512 104,616 +3,703 +17,306 105,703 Member bank reserves: With Federal Reserve Banks 26,233 - 101 -11,157 25,707 Currency and coin 7,554 - 396 + 474 7,554 Total reserves held 4/ 33,938 - 497 532 33,412 Required reserves ™" 33,705 - 358 - 469 33,705 Excess reserves 4/ 233 - 139 63 - 293 A net of $152 million of surplus reserves were eligible to be carried forward from the week ended August 18, into the week ending August 25. On August 25, 1976, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $47,961 million, an increase of $57 million for the week. 1/ Net of $565 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Includes $140 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. J Includes $9 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 $151 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, * 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) Change since August 25, August 18, August 27, A S S E TS 1976 1976 1976 Gold certificate account 11,598 Special Drawing Rights certif. acct. * 700 , " ^ 2 00 Cash (1,730) 364 + 4 +% 6 Loans 70 - 216 89 Acceptances--Bought outright 274 - 11 - 397 Held under repurchase agreements 275 - 124 + t 275 Federal Agency obligations--Bought outright 6,778 - 27 . + 1,382 Held under repurchase agreements 107 - 4 + 107 U.S. Government securities: Bought outright—Bills 38,503 + 934 + 4,420 Certificates -- -- ~ Notes 45,915 + 416 + 3,329 Bonds 6,411 + 64 + 1,589 Total bought outright 1/ 90,829 +1 ,414 + 9,338 Held under repurchase agreements 3,073 -2 ,315 + 3,073 -• Total U.S. Government securities 93,902 - 901 +12,411 Total loans and securities 101,406 -1 ,283 +13,689 Cash items in process of collection (1,712) 7,856 -1 ,197 + 1,399 Bank premises 350 -- + 45 Operating Equipment 22 -- + 20 Other assets 2_/ 3,669 + 936 + 1,130 TOTAL ASSETS (3,442) 125,965 -1 7 540 +16,488 L I A B I L I T I ES Federal Reserve notes (1,730) 79,598 - 444 + 6,716 Deposits: Member bank-reserves account 25,707 -2 ,511 - 1,230 U.S. Treasury—general account 10,167 + 844 + 9,334 Foreign 219 - 3 13 Other 3/ 1.873 +1 ,058 + 1.035 Total deposits 37,966 - 612 + 9,126 Deferred availability cash items ((11,,771122)) 4,889 - 606 + 351 Other liabilities and accrued dividends 1.177 + 3 + 179 TOTAL LIABILITIES (3,442) 123,630 -1 ,659 +16,372 C A P I T AL A C C O U N TS Capital paid in 964 - - + 50 Surplus 929 + 32 Other capital accounts 442 + 119 + 34 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Includes $140 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 2/ Includes assets denominated in foreign currencies. J3/ Includes $9 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 25, 1976 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance \T ith maximum maturity of the agreements.) U.S. Government Federal Agency Loans Accept- securities obligati .ons ances Holdings Weekly Holdings Weekly changes changes Within 15 days 58 314 6,943 -2,183 159 -106 16 days to 90 days 12 183 17,280 + 218 176 + 1 91 days to 1 year - - 52 26,245 + 625 1,089 +136 Over 1 year to 5 years — - - 28,754 + 301 3,266 - 96 Over 5 years to 10 years — — - 9,709 + 73 1,502 + 34 Over 10 years —— — 4,971 + 65 693 Total 70 549 93,902 - 901 6,885 -~31 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 25, 1976 1 New 1 Phila- 1 Cleve- 1 Rich- 1 St. Minne- I Kansas San Boston 1 York 1 delohia 1 land 1 Atlanta Chicago Louis apolis 1 City 1 Dallas 1 Francisco (In millions of dollars) A S S E TS G S o p l e d c i c a e l r t D i r f a i w c i a ng t e R a i c g c h o t u s nt certif. acct. 11,5 7 9 0 8 0 54 3 2 5 3,3 1 5 7 0 5 6 4 4 1 1 93 6 9 0 99 6 2 3 59 3 9 6 1,7 1 0 1 4 1 46 3 6 0 22 1 2 4 39 2 7 5 42 2 1 7 1,32 8 5 3 F Ot . h R. e r n o ca t s e h s of other banks 1,7 3 3 6 0 4 9 1 0 6 36 2 3 5 10 1 4 1 5 6 0 7 1 3 8 8 4 2 4 3 5 0 9 3 7 3 6 2 1 9 4 1 2 4 4 7 6 6 11 1 7 9 29 3 9 8 Loans 70 1 2 2 — 1 10 5 3 4 12 30 -- Acceptances: Bought outright 274 274 Held under repurchase agreements 275 275 — w «• -» — -- Fe B d o e u r g al ht A o g u e t n r c i y g h o t b ligations-- 6,778 313 1,594 376 559 544 363 1,086 276 155 268 322 922 Held under repurchase agreements 107 107 U.S. Government securities: Bou B g i h l t l s o utright- 38,503 1,779 9,056 2,136 3,175 3,091 2,063 6,165 1,570 880 1,524 1,829 5,235 C B N e o o r n t t d e s s i ficates 45 6 , , 9 4 1 11 5 2,1 2 2 9 2 6 10 1 , , 7 5 9 0 9 8 2,5 3 4 5 8 6 3,7 5 8 28 6 3,6 51 8 5 5 2,4 3 5 4 9 3 7 1 , , 3 02 5 7 3 1,8 2 7 6 2 1 1,0 1 5 4 0 7 1,8 2 1 5 7 4 2,1 3 8 0 1 4 6,2 8 4 7 3 2 Total bought outright V 90,829 4,197 21,363 5,040 7,489 7,291 4,865 14,545 3,703 2,077 3,595 4,314 12,350 T T o o t t H a a e l l ld U l u o . n a S. d n s e G r o a v n r d e e r p n u s m r e e c c n u h t r a i s e t s i e e c a s u g r r i e t e i m e e s n ts 1 9 01 3 3 , . , 4 0 9 0 7 0 6 3 2 4 4 , , 1 5 9 1 7 1 2 2 3 4 6 , , , 0 4 6 7 3 8 3 6 8 5 5 , ,4 0 1 4 8 0 8 7 , , 0 4 4 8 8 9 7 7 , , 2 8 9 3 1 6 5 4, , 8 2 6 3 5 8 1 15 4 , , 6 5 3 4 6 5 3 3 , , 7 9 0 8 3 2 2 2 , , 0 2 7 3 7 6 3 3 , , 5 8 9 7 5 5 4 4 , ,6 3 6 1 6 4 1 1 2 3 . , 3 2 5 7 0 2 B O O C I a t p a n n h e s t k h e r e r a r p i t d r a t i i e s e n s s m m g t e i s r t s E i s e q i c s u n t i Z p p s J r m e o e t c t n e t l s e s me n o t f c a o c l c l o e u c n t t ion 3 9 , , 6 5 3 • 6 6 2 5 0 9 8 2 0 " - 1 3 1 9 0 8 0 3 9 4 2 * + 2 1 7 , , 7 0 4 0 4 4 2 6 2 1 2 - 1 2 1 5 3 5 2 5 2 7 8 3 - 2 4 1 0 8 2 5 5 4 1 3 1,5 1 0 3 2 9 2 4 3 6 - 6 7 1 7 7 3 1 6 0 4 4 1 - 1 1 , 2 5 2 5 4 7 1 6 4 6 + 1 2 1 0 6 1 0 8 6 3 0 4 + 2 5 5 2 4 3 7 2 5 1 1 - 9 7 4 6 1 7 1 7 6 4- 6 1 8 2 0 1 4 6 4 2 4 + 1 1 , 4 1 4 0 0 0 3 8 4 9 TOTAL 129,407 5,496 34,882 6,480 9,807 10,676 6,391 19,292 5,059 3,384 5,179 6,080 16,681 * Less than $500,000. 1/ Includes $140 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 AUGUST 25, 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) h I A B I L I T I ES Federal Reserve notes 81,328 4,015 20,716 4,668 6,949 7,289 3,689 12,207 3,483 1,674 2,928 3,247 9,463 Deposits: Member bank reserves 25,707 850 6,574 967 1,557 1,402 1,565 3,639 754 681 1,139 1,567 5,012 U.S. Treasury-general account 10,167 206 4,019 474 630 460 399 1,198 449 522 295 597 918 Foreign 219 9 1/ 44 11 20 13 18 36 8 7 10 13 30 Other 2/ 1,873 1 1,753 8 2 13 44 8 1 1 2 14 26 Total deposits 37,966 1,066 12,390 1,460 2,209 1,888 2,026 4,881 1,212 1,211 1,446 2,191 5,986 Deferred availability cash items 6,601 278 908 18*. 368 1,283 444 694 244 411 671 470 646 Other liabilities and accured. dividends 1,177 49 269 61 82 77 62 155 40 25 39 46 272 TOTAL LIABILITIES 127,072 5,408 34,283 6,373 9,608 10,537 6,221 18,937 4,979 3,321 5,084 5,954 16,367 CAPITAL ACCOUNTS Capital paid in 964 I 35 248 43 83 54 75 145 32 27 40 54 128 Surplus 929 ii 35 239 42 81 52 72 142 31 26 39 52 118 Other capital accounts 442 18 112 22 35 33 23 68 17 10 16 20 68 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 129,407 5,496 34,882 6,480 9,807 10,676 6,391 19,292 5,059 3,384 5,179 6,080 16,681 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 85,290 4,170 21,481 4,984 7,151 7,599 4,441 13,476 3,658 1,744 3,078 3,428 10,081) 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 74.930 3.675 18.250 4.500 6.360 6.675 4,000 12.000 3,250 1.610 2.700 3.010 8.900 Total collateral 86,920 4,252 21,775 5,141 7,299 7,667 4,635 13,704 3,746 1,846 3,114 3,457 10,284 1/ After deducting $175 million participations of other Federal Reserve Banks* 2/ Includes $9 million of certain deposits of foreign-owned banking institutions voluntarily 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