H.4.1 Factors Affecting Reserve Balances of Depository Institutions

..'ofjipw-. FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release September 23, 1976 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Sept. 22, Sept. 15, Sept. 24^ Sept. 22, and related items 1975— 1976 1 1975 1976 Reserve Bank credit: 1/ (In millions of dollars) 2/ U.S. Government securities-- Bought outright--System account 90,329 +3,154 + 7,351 91,652 Held under repurchase agreements 2,479 +2,479 + 523 2,884 Federal Agency obligations-- Bought outright 6,757 3 +.1,362 6,757 Held under repurchase agreements 64 + 64 - 137 70 Acceptances-- Bought outright 232 21 - 454 225 Held under repurchase agreements 318 + 318 + 143 201 Loans-- Total member bank borrowing 44 - 17 - 351 51 Includes seasonal borrowing of: 29 + 1 38 33 Other borrowing —— —•» —— - - Float 3,132 - 364 +.1,105 3,341 Other F.R. assets 3,693 16 + 631 3,669 Total Reserve Bank credit 107,047 +5,592 +10,173 108,850 Gold Stock 11,598 —— 1 11,598 Special Drawing Rights certif. acct. 700 —— + 200 700 Treasury currency outstanding 10,741 + 6 + 930 10,750 130,086 +5,598 +11,302 131,898 Currency in circulation * 89,883 - 457 + 8,195 89,826 Treasury cash holdings * 425 __ + 61 425 Treasury deposits with F.R. Banks 9,316 +5,548 + 4,284 10,841 Foreign deposits with F.R. Banks 229 - 33 56 230 Other deposits with F.R. Banks 3/ 953 - 244 + 236 877 Other F.R. liabilities and capital 3,371 + 165 + 115 3,363 104,177 44,979 +12,835 105,562 Member bank reserves: With Federal Reserve Banks 25,909 + 619 -.1,533 26,336 Currency and coin 7,432 - 961 + 257 7,432 Total reserves held 4/ 33,497 - 342 - 1,120 33,924 Required reserves ~~ 33,449 - 121 - 1,135 33,449 Excess reserves 4/ 48 - 221 + 15 475 NOTE: A net of $135 million of surplus reserves were eligible to be carried forward from the week ended September 15, into the week ending September 22. On September 22, 1976, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $49,835 million, a decrease of $21 million for the week. JL/ Net of $1,133 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2y Includes $125 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes $12 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 $156 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 22J Sept. 15, Sept. 24, A S S E TS 1976 1976 1975 Gold certificate account 11,598 — - 1 Special Drawing Rights certif. acct, * 700 -- 4- 200 Cash (1,723) 360 — - 30 Loans 51 - 117 -1 ,351 Acceptances--Bought outright 225 - 20 - 457 Held under repurchase agreements 201 4- 201 4- 9 Federal Agency obligations--Bought outright 6,757 -- 4-1, 362 Held under repurchase agreements 70 4- 70 - 350 U.S. Government securities: Bought outright--Bills 38,705 +3 ,782 4-3, 948 Certificates -- - - — Notes 46,482 4- 567 4-3, 082 Bonds 6,465 + 54 4-1, 361 Total bought outright 1/ 91,652 +4 ,403 4-8, 391 Held under repurchase agreements 2,884 +2 ,884 -1 ,329 Total U.S. Government securities 94,536 +7 ,287 4-7, 062 Total loans and securities 101,840 +7 ,421 +6 ,275 Cash items in process of collection (2,023) 8,866 -1 ,441 4-1, 477 Bank premises 353 — 4- 48 Operating Equipment 22 -- 4- 18 Other assets 2/ 3,294 4- 82 4- 555 TOTAL ASSETS (3,746) 127,033 +6 ,062 4-8, 542 L I A B I L I T I ES Federal Reserve notes (1,723) 79,861 - 524 4-7, 240 Deposits: Member bank-reserves account 26,336 +2 ,370 -3 ,027 U.S. Treasury—general account 10,841 +5 ,157 4-3, 592 Foreign 230 - 97 - 4 Other 3/ 877 - 235 4- 217 Total deposits 38,284 4-7, 195 4- 778 Deferred availability cash items (2,023) 5,525 - 689 4- 542 Other liabilities and accrued dividends 1,081 - 36 - 107 TOTAL LIABILITIES (3,746) 124,751 4-5, 946 4-8, 453 C A P I T AL A C C O U N TS Capital paid in 965 - - 4- 51 Surplus 929 -- 4- 32 Other capital accounts 388 4- 116 4- 6 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Includes $125 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 2/ Includes assets denominated in foreign currencies. 3/ Includes $12 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 22. 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 changes Within 15 days 41 284 7,663 4-3,641 102 4-102 16 days to 90 days 10 135 16,908 +2,236 383 - 32 91 days to 1 year — 7 26,010 4- 829 967 —— Over 1 year to 5 years — — 29,034 4- 340 3,267 - - Over 5 years to 10 years -- — 9,896 4- 187 1,415 — — Over 10 years -- — 5,025 4- 54 693 — Total 51 426 94,536 4-7,287 6,827 4- 70 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 22, 1976 Y N o e r w k de P l h p i h la i - a Cl l e an ve d - R m i o c n h d - Atlanta Chicago L S o t u . i s M a i p n o n l e i - s Ka C n i s t a y s Dallas Fr Sa a n n cisco (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 n t g e R a i c g c h o t u s n t c ertif. 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 O . th R e . r n c o a t s e h s of other banks 1,7 3 2 6 3 0 9 1 9 7 37 2 4 5 11 1 6 1 5 6 0 4 17 3 9 9 26 4 0 4 8 3 7 2 6 2 9 8 3 1 8 3 4 4 7 4 1 2 0 1 9 2 3 8 6 1 11 12 Loans 51 Acceptances: Bought outright 225 225 Held under repurchase agreements 201 201 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-- 6,757 312 1,589 375 557 542 362 1,082 276 155 267 321 919 Held under repurchase agreements 70 70 U.S. Government securities: Bou B g i h l t l s o utright-- 38,705 1,788 9,104 2,147 3,192 3,106 2,073 6,199 1,578 885 1,532 1,838 5,263 C B N e o o r n t t d e i s s f icates 46 6 , , 4 4 8 6 2 5 2,1 2 4 9 8 9 10 1 , , 9 5 3 2 3 0 2,5 3 7 5 9 9 3,8 53 3 3 2 3,7 5 3 1 1 9 2,4 34 9 6 0 7 1 , . 4 0 4 3 3 5 1 2 , 6 8 4 9 5 1,0 1 6 4 3 8 1,8 2 4 5 0 6 2,2 3 0 07 8 6,3 8 2 7 0 9 Total bought outright V 91,652 4,235 21,557 5,085 7,557 7,356 4,909 14,677 3,737 2,096 3,628 4,353 12,462 T T o o H t t e a a l l l d U l u o . n a S d n . e s r G a o n r v d e e p r u s n r e m c c e h u n r a t i s t e s i e e c a s u g r r i e t e i m e e s nt s 1 9 0 4 2 1 . . , 5 8 8 3 4 8 6 0 4 4 4 , .2 5 3 4 5 7 2 2 2 4 6 , . , 4 8 5 4 3 8 1 1 4 5 5 , , 0 4 8 6 5 1 8,115 7 7 . , 3 9 5 0 6 2 4 5 , , 9 2 0 8 9 0 1 1 4 5 . , 6 7 7 6 7 1 3 4 , , 7 0 3 1 7 6 2 2 , , 0 2 9 5 6 4 3 3 , , 6 9 2 0 8 6 4 4 . , 3 6 5 8 3 6 1 1 2 3 , , 4 3 6 8 2 1 B O C O I a p a t n n e s h t r k e h e a r r t p i d i t r i a n e e s s m g m t s i s r e s i t E e c q i s s u t n i 2 p s p / m e r e t o n t c t l e e s m s e n o t f a c c o c l o l u e n c t t ion 10 3 , , 8 3 2 - 8 5 2 9 0- 2 9 3 4 + 4 3 1 9 9 0 9 9 3 6 + 1 1 3 , , 7 5 5 5 1 2 9 9 2 1 9 - 3 1 1 4 5 5 6 7 8 3 2 1 t 7 6 1 6 0 2 6 4 3 3 6 - 1 , 3 6 1 6 6 3 5 1 8 5 3 8 1 7 5 5 1 7 4 6 1 4 9 - 1 3 ,3 3 4 8 1 1 4 7 4 6 + 5 1 7 1 3 4 2 0 2 5 1 2 7 4 9 4 1 3 + 1 2 1 0 2 7 2 6 1 3 , 0 + 0 1 1 4 1 6 — 7 4 7 1 4 5 2 - 2 647 - 1 , 1 4 3 3 2 4 2 4 9 4 9 3,310 5,662 6,786 16,760 10,100 10,670 6,465 19,068 5,431 TOTAL * 1 / L e I s n s clud e t s ha n $ 1 $ 2 5 5 0 0 m , i 0 l 0 l 0 i . o n 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 SEPTEMBER 22, 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 81,584 4,025 20,841 4,662 7,013 7,364 3,625 13,316 3,479 1,659 2,892 3,255 9,453 Deposits: Member bank reserves 26,336 861 6,767 1,009 1,465 1,433 1,748 3,549 893 689 1,194 1,766 4,962 U.S. Treasury—general account 10,841 511 3,612 577 853 251 366 881 583 467 624 1,068 1,048 Foreign 230 9 y 55 11 20 13 18 36 8 7 10 13 30 Other 2/ 877 - - 774 2 1 19 44 6 - — 1 2 14 14 Total deposits 38,284 1,381 11,208 1,599 2,339 1,716 2,176 4,472 1,484 1,164 1,830 2,861 6,054 Deferred availability cash items 7,548 347 1,057 242 472 1,379 438 778 351 399 809 500 776 Other liabilities and accured dividends 1,081 49 281 61 81 76 59 155 39 24 38 46 172 TOTAL LIABILITIES 128,497 5,802 33,387 6,564 9,905 10,535 6,298 18,721 5,353 3,246 5,569 6,662 16,455 CAPITAL ACCOUNTS 1i Capital paid in 965 ! 1 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 388 15 97 20 31 29 20 60 15 10 14 __ 18 59 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 130,779 5,887 33,971 6,669 10,100 10,670 6,465 19,068 5,431 3,310 5,662 6,786 16,760 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 85,653 4,206 21,601 4,954 7,217 7,668 4,317 13,583 3,666 '1,726 3,Ub/ J,4b8 10,180 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 75,230 3,675 18,250 4,500 6,360 6,725 4,000 12,000 3,250 1,610 2,700 3,060 9,100 Total collateral 87,220 4,252 21,775 5,141 7,299 7,717 4,635 13,704 3,746 1,846 3,114 3,507 10,484 * Less than $500,000. 1/ After deducting $175 million participations of other Federal Reserve Banks. 2/ Includes $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