H.4.1 Factors Affecting Reserve Balances of Depository Institutions

i ^ fc FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release September 30, 1976 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Sept. 29, sept, zz, 1 Oct. 1, Sept. 29, 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 91,495 +1,166 + 7,691 . 91,319 Held under repurchase agreements 4,671 +2,192 + 1,097 7,905 Federal Agency obligations-- Bought outright 6,757 — + 1,249 6,757 Held under repurchase agreements 146 + 82 160 295 Acceptances-- Bought outright 215 17 - 487 212 Held under repurchase agreements 388 + 70 + 93 507 Loans-- Total member bank borrowing 88 + 44 - 493 324 Includes seasonal borrowing of : 34 + 5 39 41 Other borrowing — -- - - — Float 2,438 - 698 + 818 2,902 Other F.R. assets 3,674 19 + 529 3,747 Total Reserve Bank credit 109,873 +2,822 +10,338 113,968 Gold Stock 11,598 — 1 11,598 Special Drawing Rights certif. acct. 700 -- + 200 700 Treasury currency outstanding 10,753 + 12 + 917 10,757 132,924 +2,834 +11,454 137,023 Currency in circulation ** 89,450 - 433 +• 8,039 89,765 Treasury cash holdings ** 425 - — + 51 425 Treasury deposits with F.R. Banks 12,303 +2,987 + 4,890 12,212 Foreign deposits with F.R. Banks 220 9 57 245 Other deposits with F.R. Banks 4/ 914 - 39 + 264 920 Other F.R. liabilities and capital 3,529 + 158 + 66 3,649 106,841 +2,664 ++1133 **>>225533 107,216 Member bank reserves: With Federal Reserve Banks 26,083 + 170 - 1,800 29,807 Currency and coin 8,360 + 928 + 799 8,360 Total reserves held 5/ 34,600 +1,099 - 844 38,324 Required reserves 34,374 + 925 608 34,374 Excess reserves 5/ 226 + 174 - 236 3,950 NOTE: A net of $62 million of surplus reserves were eligible to be carried forward from the week ended September 22, into the week ending September 29. On September 29, 1976, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $49,219 million, a decrease of $616 million for the week. 1/ Net of $482 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $881 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $100 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 $157 million waivers of penalties for reserve deficiencies in accordance with Board policy effective Digitized for FRASER November 19, 1975. http://fraser.stlouisfed.org/ * Estimated (Dallas District). Federal Reserve Bank of St. Louis** Estimated (Treasury's figures).

H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since September 29, Sept. 22, October 1, Gold certificate account 11 ,598 —— - 1 Special Drawing Rights certif. acct. * 700 -- + 200 Cash (1,683) 365 + 5 - 36 Loans 324 + 273 - 291 Acceptances--Bought outright 212 - 13 - 492 Held under repurchase agreements 507 + 306 + 274 Federal Agency obligations—Bought outright 6 ,757 -- + 968 Held under repurchase agreements 295 + 225 — U.S. Government securities: Bought outright—Bills 38 ,372 - 333 + 3 ,005 Certificates —— -- - - Notes 46 ,482 —— + 3 ,082 Bonds 6 ,465 -- + 1 ,361 Total bought outright 1/2/ 91 ,319 - 333 + 7 ,448 Held under repurchase agreements 7 ,905 +5 ,021 + 4 ,897 Total U.S. Government securities 99 ,224 +4 IJ +12 ,345 Total loans and securities 107 ,319 +5 ,479 +12 ,804 Cash items in process of collection (1,776) 8 ,164 - 702 - 233 Bank premises 354 + 1 + 46 Operating Equipment 26 + 4 + 22 Other assets 3/ 3 ,367 + 73 + 433 TOTAL ASSETS (3,459) 131 ,893 +4.860 +13 ,235 L I A B I L I T I ES Federal Reserve notes (1,683) 79 ,798 - 63 + 7 ,162 Deposits: Member bank-reserves account 29 ,807 +3 ,471 + 1 ,658 U.S. Treasury—general account 12 ,212 +1 ,371 + 4 ,575 Foreign 245 + 15 - 38 Other 4/ 920 + 43 + 96 Total deposits 43 ,184 +4 ,900 + 6 ,291 Deferred availability cash items (1,776) 5 ,262 - 263 - 450 Other liabilities and accrued dividends 1 ,248 + 167 + 81 TOTAL LIABILITIES 129 ,492 +4 ,741 +13 ,084 C A P I T AL A C C O U N TS Capital paid in 965 -- + 51 Surplus 929 — + 32 Other capital accounts 507 + 119 + 68 * Figures in parentheses are the eliminations made in the consolidating process. ** Estimated (Dallas District). 1/ Excludes $881 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $100 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 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, SF.PTF.MRF.~R ?Q, 1Q76 (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 311 569 12,142 +4,479 327 +225 16 days to 90 days 13 109 17,066 + 158 383 91 days to 1 year 41 26,061 + 51 967 Over 1 year to 5 years 29,034 3,267 Over 5 years to 10 years 9,896 -- 1,415 -- Over 10 years 5,025 —— 693 —— Total 324 719 99,224 44,688 7,052 +225 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 29, 1976 •I ** New Phila- Cleve- Rich- St. Minne- Kansas 1 San Total Boston York delphia land mond Atlanta Chicago Louis apolis Citv | 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 1,683 100 383 109 68 168 199 88 64 37 44 140 283 Other cash 365 17 24 11 49 41 45 33 28 13 44 21 39 Loans 324 43 226 • — 1 2 13 3 4 4 15 13 * Acceptances: Bought outright 212 — 221122 -- — -- — Held under repurchase agreements 507 — 507 — — — — Federal Agency obligations-- Bought outright 6,757 312 1,589 375 557 542 362 1,082 227766 115555 226677 332211 991199 Held under repurchase agreements 295 — 295 -- -- -- -- U.S. Government securities: Bought outright- Bills 38,372 1,773 9,026 2,129 3,164 3,080 2,055 6,145 1,564 877 1,519 11,,882233 55,,221177 Certificates -- —— —- —— - - — — -- — -- -- — Notes 46,482 2,148 10,933 2,579 3,832 3,731 2,490 7,443 1,895 1,063 1,840 2,208 6,320 Bonds 6.465 299 1.520 359 533 519 346 1,035 264 148 256 307 879 Total bought outright 1/2/ 91,319 4,220 21,479 5,067 7,529 7,330 4,891 14,623 3,723 2,088 3,615 4,338 12,416 Held under repurchase agreements 7,905 ** •» 7,905 «• *» — •» —— — — — — — -- — Total U.S. Government securities 99.224 4,220 29,384 5,067 7,529 7,330 4.891 14,623 3,723 2.088 3,615 4,338 12,416 Total loans and securities 107,319 4,575 32,213 5,442 8,087 7,874 5,266 15,708 4,003 2,247 3,897 4,672 13,335 Cash items in process of collection 9,940 351 1,638 250 483 1,482 813 1,313 440 482 843 698 1,147 Bank premises 354 103 21 58 24 36 14 16 13 31 17 12 9 Operating Equipment 26 6 3 3 — 1 — 4 1 * 4 4 Other assets 3/ 3,367 97 1,622 159 166 147 136 310 77 51 80 108 414 Interdlstrict settlement account -0- + 541 -3,989 + 107 + 674 - 237 - 539 + 200 + 373 + 125 + 350 +1,006 +1,389 TOTAL 135.352 9,361 95,44) 6.821 10.553 10.566 6.570 19.483 5.498 3.223 5,W7 7.109 19,929 * Less than $500,000. ** Estimated (Dallas District). 1/ Excludes $881 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ includes $100 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.A.l(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER 29, 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 D F e e p d o e s r i a t l s : R eserve notes 81,481 4,022 20,866 4,653 7,023 7,374 3,530 13,335 3,478 1,650 2,886 3,243 9,421 Member bank reserves 29,807 1,042 8,315 1,064 1,907 1,242 1,582 4,094 832 673 1,163 1,843 6,050 F O U o t . T r h ll S r e e oox . f i r tt *aa g T ii n 2 1 r / e #dd a 9ee s ppA u Moo r ssA y iiM - tt - iss g e 4 n . e r . al account 4 1 3 2 , , 1 9 2 2 8 4 2 1 4 5 0 2 1,8 8 8 3 8 6 9 1 1 1 2 3 / , , 5 7 3 81 1 0 0 6 0 9 1,7 7 9 1 1 5 9 1 1 2,8 9 5 2 2 1 1 0 3 1,7 4 2 5 1 1 3 0 8 3 2,3 7 4 7 2 1 3 0 7 8 4,8 6 3 9 3 3 6 7 6 1,5 7 9 5 9 9 8 1,0 3 5 7 8 7 7 1 2,0 8 0 3 1 7 4 0 3 1 , , 2 3 0 3 1 1 1 4 1 3 7 1 , , 3 2 4 4 3 2 9 7 0 2 DDeeffeerrrreedd aavvaaiillaabbiilliittyy ccaasshh iitteemmss 7,038 311 1,113 204 394 1,249 439 797 300 425 669 490 647 OOtthheerr lliiaabbiilliittiieess aanndd aaccccuurreedd ddiivviiddeennddss 1,248 49 339 58 80 75 58 153 39 24 38 45 290 TTOOTTAALL LLIIAABBIILLIITTIIEESS 132,951 0,Z/U J4,8Zb 6,710 10,348 10,421 6,397 19,118 5,416 3,157 5,600 6,979 17,707 CAPITAL ACCOUNTS C S a u p r i p t l a u l s paid in 9 92 6 9 5 i j 3 3 5 5 2 23 4 9 8 4 4 2 3 8 8 1 3 5 5 4 2 7 7 5 2 1 14 4 5 2 3 3 2 1 2 2 6 8 4 3 0 9 5 5 2 4 1 1 1 2 8 8 Other capital accounts 507 21 128 26 41 39 26 78 19 12 18 24 75 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 135,352 6,361 35,443 6,821 10,553 10,566 6,570 19,483 5,498 3,223 5,697 7,109 18,028 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding Collateral for F.R. notes: 85,571 4,196 21,626 4 ,969 7,219 7,, 645 4,278 13,583 3,660 1,720 3,056 3,462 10,157 Gold certificate account A S c p c e e c p i t a a l n c D e r s a wing Rights certif. acct. 11, 3 5 9 9 4 5 5544 33 22 55 33,,33 1177 55 55 00 641 939 992 5599 33 99 66 1,704 46 3 6 0 22 1 1 4 39 1 6 8 42 2 0 7 1,32 5 5 9 U.S. Government securities 75,210 1 67R ift 4 , 500 6,360 . 795 l nnn i 9 nnn i 9sn 1.610 2. 700 3.060 9 100 Total collateral 87,219 4,252 21,775 5:, 141 7,299 7,7 17 4,635 13,704 3,746 1,845 3,114 3,507 10,484 * Estimated (Dallas District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis