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 16, 1976 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Sept. 15,* Sept. 8, Sept. 17, Sept. 15,* and related items 1976 1976 1975 1976 Reserve Bank credit: 1/ (In millions of dollars) 2/ 3/ U.S. Government securities-- Bought outright—System account 87,175 -3., 324 4-6, ,104 87, 249 Held under repurchase agreements — - 107 783 Federal Agency obligations-- Bought outright 6,760 - 18 + 1, ,,336655 6,,, 775577 Held under repurchase agreements — 4 -• 37 Acceptances-- Bought outright 253 - 4 - 401 224455 Held under repurchase agreements — - 9 52 Loans-- Total member bank borrowing 61 + 15 - 266 168 Includes seasonal borrowing of: 28 2 - 33 28 Other borrowing — — -- — Float 3,542 4-1 ,072 -h 1;, 688 4,, 027 Other F.R. assets 3,716 4- 211 4- 619 3 ,634 Total Reserve Bank credit 101,507 -2 ,168 + '8;, 238 102 ,080 Gold Stock 11,598 —— - 1 11:, 598 Special Drawing Rights certif. acct. 700 — 4- 200 700 Treasury currency outstanding 10,735 + 15 4- 946 10 ,738 124,540 -2 ,153 4- 9 ,382 125 ,116 Currency in circulation ** 90,344 4- 458 4- 8 ,178 90 ,362 Treasury cash holdings ** 425 - 25 4- 71 425 Treasury deposits with F.R. Banks 3,768 -2 ,967 4- 2 ,587 5 ,684 Foreign deposits with F.R. Banks 262 - 5 - 64 327 Other deposits with F.R. Banks 4/ 1,197 4- 135 4~ 251 1 ,112 OOtthheerr FF..RR.. lliiaabbiilliittiieess aanndd ccaappiittaall 3,200 + 105 -h 131 3 ,240 99,195 -2 ,300 4-11 ,154 101 ,150 Member bank reserves: With Federal Reserve Banks 25,345 4- 147 - 1 ,771 23 ,966 Currency and coin 8,393 4- 161 4- 957 8 ,393 Total reserves held 5/ 33,894 4- 315 - 658 32 ,515 Required reserves ~ 33,570 4- 263 - 715 33 ,570 Excess reserves 5/ 324 4- 52 4- 57 - 1 ,055 NOTE: A net of $159 million of surplus reserves were eligible to be carried forward from the week ended September 8, into the week ending September 15. On September 15, 1976, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $49,856 million, an increase of $337 million for the week. 1/ Net of $3,483 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $3,409 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $74 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 4/ Includes $12 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 $156 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. * Estimated (Kansas City and San Francisco Districts). ** Estimated (Treasury's figures.) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

ff. 4". 1(a) '~ CONSOLIDATES STATEMENT OP CONDITION OF ALL FEDERAL RESERVE "BANKS' Wednesday Change since Sept. 15, Sept. 8, Sept. 17, A S S E TS 1976** 1976 1975 Gold certificate account 11,598 — mm 1 Special Drawing Rights certif. acct * 700 — — + 200 Cash (1,531) 360 + 10 12 Loans 168 + 127 170 Acceptances—Bought outright 245 13 406 Held under repurchase agreements — — 63 — mm Federal Agency obligations--Bought outright 6,757 21 + 1,362 Held under repurchase agreements 25 U.S. Government securities: Bought outright--Bills 34,923 -2,293 + -3,249 Certificates • Notes 45,915 + -2,758 Bonds 6,411 •* — + -1,431 Total bought outright U2J 87,249 -2,293 + -7,438 Held under repurchase agreements -- - 753 Total U.S. Government securities 87,249 -3,046 + 7,438 Total loans and securities 94,419 -3,041 + •8,224 Cash items in process of collection (2,199) 11,109 +2,393 + 2,572 Bank premises 353 + 1 + 47 Operating Equipment 22 — — + 18 Other assets £/ 3,259 + 11 + 494 TOTAL ASSETS (3,730) 121,820 - 626 +11,542 L I A B I L I T I ES Federal Reserve notes (1,531) 80,409 - 213 + 7,316 Deposits: Member bank-reserves account 23,966 -4 ,184 - 942 U.S. Treasury-general account 5,684 +2 ,263 + 3,263 Foreign 327 + 35 + 85 Other 4/ 1,112 + 145 + 258 Total deposits 31,089 -1 ,741 + 2,664 Deferred availability cash items (2,199) 7,082 +1 ,211 + 1,382 Other liabilities and accrued dividends 1,071 + 6 + 97 TOTAL LIABILITIES (3,730) 119,651 - 737 +11,459 C A P I T AL A C C O U N TS Capital paid in 965 -- + 49 Surplus 929 -- + 32 Other capital accounts 275 + 111 + 2 * Figures in parentheses are the eliminations made in the consolidating process. \J Excludes $3,409 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2J Includes $74 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. 4/ Includes $12 million of certain depostis of foreign-owned banking institutions voluntarily held with member banks and redeposited in full with Federal Reserve Banks. ** Estimated (Kansas City and San Francisco Districts). MATURITY DISTRIBUTION: OF LOANS AND SECURITIES. SEPTEMBER 15, 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 Loans Accept- securities obligations ances Holdings Weekly Holdings Weekly changes changes Within 15 days 156 54 4,022 - 618 -106 16 days to 90 days 12 151 14,672 -1,584 415 +139 91 days to 1 year 40 25,181 - 844 967 - 14 Over 1 year to 5 years 28,694 3,267 4- 22 Over 5 years to 10 years 9,709 1,415 - 87 Over 10 years 4,971 693 Total 168 245 87,249 -3,046 6,757 - 46 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER 15, 1976 New Phila- Cleve- Rich- St. Minne- Kansas SSaann "" Total Boston York delphia land mond Atlanta Chicago Louis apolis City* DDaallllaass FFrraanncciissccoo (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 1,531 84 338 87 51 169 234 75 56 33 75 128 201 Other cash 360 16 25 11 50 39 44 31 29 13 46 19 37 Loans 168 7 2 -» — 1 — — 9 101 1 3 10 14 20 Acceptances: Bought outright 245 -- 245 Held under repurchase agreements -- -- Federal Agency obligations-- Bought outright 6,757 312 1,589 375 557 542 362 1,082 227766 155 267 321 919 Held under repurchase agreements -- U.S. Government securities: Bought outright— Bills 34,923 1,614 8,215 1,937 2,880 2,803 1,871 5,592 1,424 798 1,382 1,659 44,,774488 Certificates —— — - —- - - — - - — — -- Notes 45,915 2,122 10,799 2,548 3,786 3,685 2,459 7,353 1,872 1,050 1,817 2,181 6,243 Bonds 6,411 296 1,508 356 528 515 343 1,027 261 147 254 304 872 Total bought outright 1/2/ 87,249 4,032 20,522 4,841 7,194 7,003 4,673 13,972 3,557 1,995 3,453 4,144 11,863 Held under repurchase agreements -- — - - — — - - — -- -- — Total U.S. Government securities 87,249 4,032 20,522 4,841 7,194 7,003 4,673 13,972 3,557 1,995 3,453 4,144 11,863 Total loans and securities 94,419 4,351 22,358 5,216 7,752 7,545 5,044 15,155 3,834 2,153 3,730 4,479 12,802 Cash items in process of collection 13,308 435 1,945 305 688 1,990 1,051 1,561 553 484 1,067 724 2,505 Bank premises 353 103 21 58 24 35 14 16 13 31 17 12 9 Operating Equipment 22 — 2 3 3 1 4 1 — 4 4 Other assets 3/ 3,259 88 1,589 139 164 141 143 317 71 54 78 93 382 Interdistrict settlement account -0- + 47 +2.408 - 427 - 18 - 213 - 786 - 84 + 15 + 25 - 293 + 301 - 975 TOTAL 125,550 5,701 32,211 6,074 9.713 10.761 6,380 18,886 5 071 i mn 5,142— 6,208 16,373 1/ Excludes $3,409 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $74 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. * Estimated (Kansas City and San Francisco Districts). 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 15, 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 81,940 4,044 20,859 4,688 7,019 7,392 3,698 13,344 3,492 1,664 2,928 3,229 9,583 Deposits: Member bank reserves 23,966 835 6,423 716 1,484 1,103 1,607 3,468 813 663344 11,,007700 11,,887799 33,,993344 U.S. Treasury—general account 5,684 278 1,802 257 418 338 307 653 283 181 149 380 638 Foreign 327 9 1/ 152 11 20 13 18 36 8 7 10 13 30 Other 2/ 1.112 2 1,001 7 1 20 41 7 -- -- 2 13 18 Total deposits 31,089 1,124 9,378 991 M 23 1,4/4 1,9/3 4,lb4 1,104 822 1,231- 2,285 4,620 Deferred availability cash items 9,281 405 1,189 240 508 1,695 486 903 364 459 857 531 1,644 Other liabilities and accured dividends 1,071 48 230 57 77 74 61 147 38 24 36 44 235 T1/U'Y1PAATL T TL Al ATIiTJ Tl TLTlTiTl7rC .0 123,381 5,621 31,656 5,976 9,527 10,635 6,218 18,558 4,998 2,969 5,052 b,ut$y 16,082 - CAPITAL ACCOUNTS || Capital paid in 965 1 ! 35 248 43 83 54 75 145 3322 2288 4400 5544 112288 Surplus 929 | | 35 239 42 81 52 72 142 31 26 39 52 118 Other capital accounts 275 10 68 13 22 20 15 41 10 7 11 13 45 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 125,550 5,701 32,211 6,074 9,713 10,761 6,380 18,886 5,071 3,030 5,142 6,208 16,373 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 85,, 538 4,214 21,, 557 44,,996666 r ,189 7:, 648 4,, 343 13,, 578 3;, 673 1,, 729 3,, 066 3 ,406 10,, 169 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 tm mm 30 14 18 27 59 Acceptances mm w — «• mm — —— —— — - - U.S. Government securities 75,, 180 3,675 18,, 250 4,500 6 ,360 6 ,725 4,, 000 12,, 000 3 ,250 1 ,610 2;, 700 3 ,010 9,. 100 Total collateral L..JB7, ,170 4.252 21 ,775 5,141 7 ,299 7 ,717 4., 635 13., 704 3 ,746 1 ,846 3 ,114 3 ,457 10;, 484 * Estimated (Kansas City and San Francisco Districts). 1/ After deducting $175 million participations of other Federal Reserve Banks 2/ Include $12 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