H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release September 9, 1976 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Sept. 8, Sept. 1, 1 Sept. 10, Sept. 8, 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 90,499 + 74 + 9,242 . 89,542 Held under repurchase agreements 107 -3,226 + 107 753 Federal Agency obligations- Bought outright 6,778 - - + 1,382 6,778 Held under repurchase agreements 4 - 115 + 4 25 Acceptances-- Bought outright 257 8 404 258 Held under repurchase agreements 9 - 496 + 8 63 Loans— Total member bank borrowing 46 47 - 339 41 Includes seasonal borrowing of: 30 2 24 29 Other borrowing - - — — —1 — - — Float 2,461 - 147 + 425 2,845 Other F.R. assets 3,505 - 152 + 505 3,622 Total Reserve Bank credit 103,666 -4,117 +10,930 103,927 Gold Stock 11,598 — — — — 11,598 Special Drawing Rights certif. acct. 700 -- + 200 700 Treasury currency outstanding 10,720 + 8 + 955 10,733 126,684 -4,108 +12,084 126,958 Currency in circulation * 89,886 + 630 + 7,644 90,555 Treasury cash holdings * 450 — — + 91 450 Treasury deposits with F.R. Banks 6,735 -3,391 + 5,333 3,421 Foreign deposits with F.R. Banks 267 + 8 84 292 Other deposits with F.R. Banks 4/ 1,062 - 183 + 222 967 Other F.R. liabilities and capital 3,095 - 443 + 182 3,123 101,495 -3,379 +13,388 98,808 Member bank reserves: With Federal Reserve Banks 25,189 - 730 - 1,304 28,150 Currency and coin 8,232 + 222 + 627 8,232 Total reserves held 5/ 33,570 - 508 528 36,531 Required reserves 33,307 - 465 797 33,307 Excess reserves 5/ 263 43 + 269 3,224 NOTE: A net of $ 154 million of surplus reserves were eligible to be carried forward from the week ended September 1, into the week ending September 8. On September 8, 1976, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $49,519 million, an increase of $979 million for the week. 1/ Net of $159 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $1,116 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $101 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 with 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 Wednesday Change since September 8, Sept . 1, Sept. 10, A S S E TS 1976 1976 1975 Gold certificate account 11,598 — - 1 Special Drawing Rights certif. acct. * 700 — + 200 Cash (1,275) 350 - 12 - 9 Loans 41 - 230 - 1,654 Acceptances--Bought outright 258 — — - 393 Held under repurchase agreements 63 - 547 + 62 Federal Agency obligations--Bought outright 6,778 - - + 1,383 Held under repurchase agreements 25 - 195 + 25 U.S. Government securities: Bought outright--Bills 37,216 - 88 + 5,058 Certificates Notes 45,915 __ + 3,103 Bonds 6,411 — — + 1,542 Total bought outright \JZJ 89,542 88 + 9,703 Held under repurchase agreements 753 -4;, 901 + 753 Total U.S. Government securities 90s 295 -4;, 989 +10,456 Total loans and securities 97,460 -5,, 961 + 9,879 Cash items in process of collection (1,504) 8,716 49 + 1,416 Bank premises 352 + 2 + 46 Operating Equipment 22 — — + 18 Other assets \j 3,248 - 908 + 435 TOTAL ASSETS (2,779) 122,446 -6., 928 +11,984 L I A B I L I T I ES Federal Reserve notes (1,275) 80,622 + 880 + 7,192 Deposits: Member bank-reserves account 28,150 - 315 + 527 U.S. Treasury--general account 3,421 -6 ,538 + 3,016 Foreign 292 + 76 - 3 Other _ty 967 -1,, 260 - 69 Total deposits 32,830 -8,, 037 + 3,471 Deferred availability cash items (1,504) 5,871 + 516 + 1,147 Other liabilities and accrued dividends 1,065 + 28 + 99 TOTAL LIABILITIES (2,779) 120,388 -6, 613 +11,909 C A P I T AL A C C O U N TS Capital paid in 965 __ + 49 Surplus 929 — * + 32 Other capital accounts 164 - 315 * Figures in parentheses are the eliminations made in the consolidating process. V Excludes $1,116 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $101 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3J 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 8. 1976 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) U.S. Government Federal Agency LLooaannss Accept- securities obligations ances Holdings Weekly Holdings Weekly changes changes Within 15 days 36 112 4,640 -3,788 106 -195 16 days to 90 days 5 165 16,256 -1,172 276 + 68 91 days to 1 year -- 44 26,025 29 981 - 68 Over 1 year to 5 years — — 28,694 — 3,245 — — Over 5 years to 10 years — -- 9,709 1,502 - — Over 10 years — 4,971 — 693 —— Total 41 321 90,295 -4,989 6,803 -195 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER 8, 1976 H.4.1(b) New Phila- Cleve- 1 Rich- I St. 1 Minne- Kansas |S an Total Boston York delphia land 1 mond Atlanta 1 Chicago 1 Louis 1 anolis Citv | Dallas 1 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 1,275 89 306 79 45 146 106 67 43 37 62 84 211 Other cash 350 15 23 10 50 38 42 32 28 13 45 18 36 Loans 41 * 4 — 1 * 13 1 -- 3 11 8 * Acceptances: Bought outright 258 258 —— —— — — — —— -- — Held under repurchase agreements 63 -- 63 — -- — Federal Agency obligations-- Bought outright 6,778 313 1,, 594 376 559 544 363 1,086 276 155 268 322 922 Held under repurchase agreements 25 — 25 U.S. Government securities: "" "" " Bought outright- Bills 37,216 1,720 8,, 754 2 ,!0 64 3,069 2,987 1,, 994 5,959 1,518 850 1 ,=4 73 1,768 5,060 Certificates mm mm <— •» — — — — — — — — — — — — — - -- Notes 45,915 2,122 10;, 799 2., 548 3,786 3,685 2,, 459 7,353 1,872 1,, 050 1 ,=8 17 2,181 6,243 Bonds 6,411 296 1 ,<5 08 356 528 515 343 1,027 261 147 254 304 872 Total bought outright 1/2/ 89,542 4,138 21:, 061 4., 968 7,383 7,187 4j, 796 14,339 3,651 2,047 3,, 544 4,253 12,175 Held under repurchase agreements 753 753 — — — — - - -- — -- — -- Total U.S. Government securities 90.295 4.138 21,, 814 4.. 968 7,383 7,187 41. 796 14,339 3,651 2;, 047 3 .544 4,253 12,175 Total loans and securities 97,460 4,451 23,758 5,, 344 7,943 7,731 5,, 172 15,426 3,927 2 ,205 3:, 823 4,583 13,097 Cash items in process of collection 10,220 336 1,643 245 583 1,659 1:, 060 1,417 381 440 916 567 973 Bank premises 352 104 21 58 24 34 14 16 13 31 16 12 9 Operating Equipment 22 * 2 3 3 * 1 — 4 1 * 4 4 Other assets 3/ 3,248 84 1,495 156 158 147 131 323 72 49 76 120 437 Interdistrict settlement account -0- - 110 +2 ,579 - 537 + 130 - 272 -1.. 098 - Ill - 66 - 88 - 295 - 113 19 TOTAL 125.225 5.546 33 ,352 6.040 , 9,935 __.10,,53& 6,, 063 18,985 4,898 2 ,924 5,, 065 5,723 16,156 * Less than $500,000. if Excludes $1,116 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $101 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

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER New Phila- Cleve- Rich- St. Mi nne- 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 D F e e p d o e s r i a t l s : R eserve notes 81,897 4,039 20,893 4,681 6,995 7,379 3,614 13,318 3,500 1,669 2,943 3,250 9,616 DDD OOO eee ttt fff hhh FFF MMM OOO UUU eee eee ooo eee ttt ... rrr rrr TTT rrr SSS mmm hhh rrr ooo ... eee eee bbb lll eee ttt rrr iii eee iii ddd TTT aaa rrr ggg aaa 222 rrr lll nnn bbb aaa /// eee bbb iii vvv ddd aaa aaa lll aaa eee sss nnn iii iii kkk ppp uuu ttt lll ooo rrr iii aaa sss yyy rrr eee bbb iii --- eee sss iii ttt --- sss lll sss ggg eee iii aaa eee rrr ttt nnn nnn vvv yyy ddd eee eee sss rrr aaa ccc aaa ccc aaa lll ccc sss uuu hhh aaa rrr ccc eee iii ccc ddd ttt ooo eee uuu mmm nnn sss ttt . 3 2 . 2 7 8 3 .. , , , , . 3 8 2 4 1 7 9 3 2 5 9 5 2 0 1 0 6 7 1, 3 0 8 1 1 6 6 9 5 * 8 9 0 9 1 1 / 1 0 9 , 1 , , 0 1 8 6 3 2 7 6 6 2 9 4 5 1 5 0 7 1,0 1 2 7 2 8 9 1 1 1 8 3 1 6 1 2 1 , , 4 2 3 8 4 3 1 2 9 7 8 8 1 0 9 1 1 1 , , , 4 4 3 1 6 9 2 1 4 1 2 7 2 3 9 3 1 1 , , 5 6 2 3 7 5 5 4 3 1 7 8 6 5 9 8 4 3 , , 4 7 3 9 1 9 7 3 9 4 1 4 6 7 7 1, 2 0 2 7 8 0 7 2 4 6 2 5 8 1 4 7 5 1 1 5 5 9 2 7 9 * 1 7 1,2 7 2 9 8 2 5 5 1 0 0 3 5 2 0 1 1 , , 4 8 3 5 1 9 4 2 1 1 7 7 5 0 3 9 5 5 , , 4 6 0 3 3 3 8 0 3 7 4 5 5 0 dddiii TTT vvv OOO iii TTT ddd AAA eee LLL nnn ddd LLL sss III AAABBBIIILLLIIITTTIIIEEESSS ...... 1 . 2 3 1 , . 1 0 6 6 7 5 5,4 4 70 9 32, 2 8 4 24 6 5,94 5 8 8 9,75 7 8 8 10,42 8 0 2 5,90 5 7 8 18,6 1 7 5 5 2 4,82 3 9 9 2,86 2 5 7 4,98 3 0 7 5,6 4 0 5 9 15,8 1 8 9 2 5 CCAAPPIITTAALL AACCCCOOUUNNTTSS OO CC SS tt aa uu hh pp rr ee ii pp rr tt ll aa uu cc ll ss aa pp pp ii aa tt iidd aall ii nn aa ccccoouunnttss 9 9 1 2 6 6 9 5 4 3 3 6 5 5 2 2 4 3 4 1 9 8 4 4 3 2 7 8 8 1 1 3 3 5 5 1 2 4 2 7 7 9 5 2 1 1 2 4 4 3 5 2 3 3 1 6 2 2 2 6 5 8 4 3 0 9 6 5 5 4 2 g 1 11 2 8 8 TTOOTTAALL LLIIAABBIILLIITTIIEESS AANNDD CCAAPPIITTAALL AACCCCOOUUNNTTSS 125,225 5,546 33,352 6,040 9,935 10,538 6,063 18,985 4,898 2,924 5,065 5,723 16,156 FEDERAL RESERVE AGENTS' ACCOUNTS F C . o R l . l a n t o e t r e a s l f o o u r ts F t . a R n . d i n n o g t es: 85,315 4,170 21,520 4,962 7,166 7,629 4;, 378 13,526 3,651 1,740 3,073 3 ,417 10, 083 A G S c o p c l e e d c p i c t a e a l r n t D c i r e f a s i w c i a n t g e R i a g c h c t o s u n c t e rtif. acct. 11, 3 5 9 9 4 6 54 3 2 5 3,3 17 5 5 0 64 __ 1 939 992 5599 33 99 66 1,704 4466 33 66 00 2222 11 22 44 39 1 6 8 42 2 0 7 1,3 5 25 9 T U o . t S a . l G o c v o e l r l n a m t e e n r t al securities 8 7 6 4 , ,9 9 3 2 0 0 . 4 3 , , 2 6 5 7 2 5 2 1 1 8 , ,2 7 5 7 0 5 4 5, ,5 1 0 4 0 1 6 7, ,3 2 6 9 0 9 6 7 r , 6 6 7 6 S 7 4 4, ,, 0 6 0 3 0 5 1 i 3 ? , , 7 o 0 o 4 o 3,746 1 1 , , 8 6 4 1 6 0 3 2 , 7 1 0 1 0 4 3:, n 4 m 57 10 ft , ", 2 3 8 Q 4 Q , * Less than $500,000. J./ 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