H.4.1 Factors Affecting Reserve Balances of Depository Institutions

pf ('Ol/f /. FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For Immediate release September 2, 1976 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Sept. 1, Aug. 25, I Sept. 3, Sept.1, and related items 1976 1976 1 1975 1976 Reserve Bank credit: 1/ (In millions of dollars) 2/ 3/ U.S. Government securities-- Bought outright—System account 90,425 + 230 + 9,113 89,630 Held under repurchase agreements 3,333 - 839 + 1,923 5,654 Federal Agency obligations-- Bought outright 6,778 - 23 + 1,382 6,778 Held under repurchase agreements 119 - 25 + 13 220 Acceptances— Bought outright 265 - 14 - 416 258 Held under repurchase agreements 505 + 80 + 338 610 Loans-- Total member bank borrowing 93 + 26 - 129 271 Includes seasonal borrowing of: 32 + 2 - 19 32 Other borrowing — * — — * ™ —— Float 2,611 + 211 + 1,063 3,410 Other F.R. assets 3,657 + 271 + 685 4,528 Total Reserve Bank credit 107,786 - 83 +13,972 111,359 Gold Stock 11,598 — — - 1 11,598 Special Drawing Rights certif. acct. 700 — — + 200 700 Treasury currency outstanding 10,712 + 14 + 911 10,715 130,795 - 70 +15,081 134,372 Currency in circulation * 89,256 197 + 7,277 89,645 Treasury cash holdings * 450 «• — + 87 450 Treasury deposits with F.R. Banks 10,126 - 9 + 8,320 9,959 Foreign deposits with F.R. Banks 259 + 19 - 41 216 Other deposits with F.R. Banks 4/ 1,245 + 302 + 406 2,227 Other F.R. liabilities and capital 3,538 + 144 + 285 3,410 104,874 + 258 +16,334 105,907 Member bank reserves: With Federal Reserve Banks 25,922 - 326 - 1,251 28,465 Currency and coin 8,010 + 456 + 654 8,010 Total reserves held 5/ 34,081 + 128 - 448 36,624 Required reserves 33,772 + 67 - 456 33,772 Excess reserves 5/ 309 + 61 + 8 2,852 NOTE: A net of $123 million of surplus reserves were eligible to be carried forward from the week ended August 25, into the week ending September 1. On September 1, 1976, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $48,540 million, an increase of $579 million for the week. 1/ Net of $380 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $1,028 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $133 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 4/ Includes $9 million of certain deposits of foreign-owned banking institutions voluntarily held with member banks and redeposited in full Federal Reserve Banks. 5/ Adjusted to include $149 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. * 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 September 1, August September A S S E TS 1976 25r 1976 3, 1 975 Gold certificate account 11,598 Special Drawing Rights certif. acct« * 700 -- + 200 Cash (1,533) 362 2 + 12 Loans 271 + 201 + 63 Acceptances--Bought outright 258 16 - 416 Held under repurchase agreements 610 + 335 + 377 Federal Agency obiigations--Bought outright 6,778 — + 1,382 Held under repurchase agreements 220 + 113 + 29 U.S. Government securities: Bought outright--Bills 37,304 -1,199 + 3,734 Certificates — —— —— Notes 45,915 —— + 3,103 Bonds 6,411 — + 1,542 Total bought outright 1/2/ 89,630 -1,199 + 8,379 Held under repurchase agreements 5.654 +2.581 + 3,455 Total U.S. Government securities 95.284 +1.382 +11.834 Total loans and securities 103,421 +2,015 +13,269 Cash items in process of collection (1,850) 8,765 + 909 + 966 Bank premises 350 -- + 44 Operating Equipment 22 -- + 20 Other assets 3/ 4.156 + 487 + 1.549 TOTAL ASSETS (3,383) 129,374 +3,409 +16,060 L I A B I L I T I ES Federal Reserve notes (1,533) 79,, 742 + 144 + 6 ,423 Deposits: Member bank-reserves account 28,, 465 +2 ,758 - 631 U.S. Treasury—general account 9,, 959 - 208 + 9 ,155 Foreign 216 - 3 - 31 Other 4/ 2 ,227 + 354 + 1 ,359 Total deposits 40 ,867 +2 ,901 + 9 ,852 Deferred availability cash items (1,850) 5 ,355 + 466 - 712 Other liabilities and accrued dividends 1 ,037 - 140 - 1 TOTAL LIABILITIES (3,383) 127 ,001 +3 ,371 +15 ,562 C A P I T AL A C C O U N TS Capital paid in 965 + 1 + 51 Surplus 929 — — + 32 Other capital accounts 479 + 37 + 415 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Excludes $1,028 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $133 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. 4/ 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. SEPTEMBER 1. 1976 (Acceptances and securities held under repurchase agreements are classified as U.S. Government Federal Agency LLooaannss Accept- securities obligations ances Holdings Weekly Holdings Weekly changes change S| Within 15 days 248 645 8,428 +1,485 301 +142 16 days to 90 days 23 175 17,428 + 148 208 + 32 91 days to 1 year -- 48 26,054 - 191 1,049 - 40 Over 1 year to 5 years -- -- 28,694 60 3,245 - 21 Over 5 years to 10 years 9,709 —— 1,502 — mm Over 10 years — 4,971 — — 693 * *# Total 271 868 95,284 +1,382 6,998 +113 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 SEPTEMBER 1, 1976 New Phila- Cleve- Rich- St. Minne- Kansas Sari Total Boston York delphia land mond Atlanta Chicago Louis apolis City 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 1,533 94 356 99 61 174 127 91 61 45 71 96 258 Other cash 362 16 25 11 51 39 43 33 29 14 46 18 37 Loans 271 1 213 * -- 5 13 3 4 3 12 17 Acceptances: Bought outright 258 258 m# — — — — — — -- -- — — Held under repurchase agreements 610 610 -- "" Fed B e o r u a gh l t A g o e ut 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 220 220 — U.S. Government securities: Bought outright- Bills 37,304 1,, 724 8,775 2,069 3,076 2,, 994 1:, 999 5. ,973 1,, 521 852 1,477 1,772 5,072 C B N e o o r n t t d e i s s f icates 45 6 , , 9 4 1 1 5 1 2 ,j 1 2 2 9 2 6 1 1 0 , , 5 7 0 9 8 9 2,5 3 4 5 8 6 3,7 5 8 2 6 8 3;, 6 5 8 1 5 5 2 : ,4 3 5 4 9 3 7 1 . , , , 0 3 2 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 1/2/ 89,630 4j ,142 21,082 4,973 7,390 7,, 194 4 ,801 14,, 353 3 ; ,654 2,049 3,548 4,257 12,187 Held under repurchase agreements 5.654 5.654 • mm —— - - — — — — Total U.S. Government securities 95.284 4.142 26,736 4.973 7.390 7,194 4,801 14.353 3,654 2,049 3,548 Total loans and securities 103,421 4,456 29,631 5,349 7,949 7,743 5,177 15,442 3,934 2,207 3,828 4,596 13,109 Cash items in process of collection 10,615 386 1,844 306 560 1,732 908 1,341 424 453 870 734 1,057 Bank premises 350 102 21 57 24 34 14 16 13 31 17 12 9 Operating Equipment 22 2 3 3 1 4 1 4 4 Other assets 3/ 4,156 81 2,578 145 147 133 146 287 70 46 74 85 364 Interdistrict settlement account -0- + 110 - 556 132 + 96 - 62 541 + 53 + 123 + 257 + 48 + 166 + 438 TOTAL 132.757 5,822 37.426 6.520 9,890 6,510 19,078 5,154 6.159 16,684 * Less than $500,000. , . . , 1/ Excludes $1,028 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $133 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 SEPTEMBER 1, 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 81,275 4,017 20,747 4,664 6,950 7,320 3,580 13,200 3,477 1,668 2,926 3,230 9,496 Deposits: Member bank reserves 28,465 875 8,562 993 1,622 1,223 1,731 3,518 850 648 1,173 1,769 5,501 U.S. Treasury—general account 9,959 441 3,916 479 576 727 438 986 414 467 399 498 618 Foreign 216 9 \l 41 11 20 13 18 36 8 7 10 13 30 Other 2/ 2,227 2 2,103 7 2 15 47 14 2 2 16 17 6,166 Total deposits 40,867 1,327 14,622 1,490 2,220 1,978 2,234 4,554 1,274 1,122 1,584 2,296 Deferred availability cash items 7,205 337 1,087 195 434 1,325 460 801 281 409 727 458 691 Other liabilities and accured dividends 1,037 49 335 58 79 78 60 154 39 25 40 45 75 TOTAL LIABILITIES 130,384 5,730 36,791 6,407 9,683 10,701 6,334 18,709 5,071 3,224 5,277 6,029 16,428 CAPITAL ACCOUNTS Capital paid in 965 i 35 248 43 83 54 75 145 32 28 40 54 128 Surplus 929 i 35 239 42 81 52 72 142 31 26 39 52 118 Other capital accounts 479 22 148 28 43 41 29 82 20 12 20 24 10 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 132,757 5,822 37,426 6,520 9,890 10,848 6,510 19,078 5,154 3,290 5,376 6,159 16,684 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 85,, 446 4,154 21,, 487 4,, 970 7,128 7,606 4,993 13,158 3,642 1., 743 3,068 3:, 409 10,, 088 Collateral for F.R. notes: Gold certificate account 11,, 595 542 3,, 350 641 939 992 599 1,704 466 221 396 420 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 ,i2 50 4,, 500 6,360 6,675 4,000 12,000 3,250 1,, 610 2,700 3., 010 • • 8i . 900 Total collateral j j 86, ,919 4,252 2L 175"-" "T ;i*r " 7,299 7,667 4,635 " 13,704 3,746 1., 845 3,114 3:, 457 10,, 284 * Less than $500,000. \/ 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