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 October 7, 1976 Averages of daily figures Member bank reserves, Week ended Change from week ended Reserve Bank credit, Oct. 6, * Sept. 29,1 Oct. 8, and related items 1976 1976 SP Reserve Bank credit: i r (In millions of dollars U.S. Government securities— Bought outright—System account 90,951 544 + 7,348 Held under repurchase agreements 4,199 472 + 3,130 Federal Agency obligations— Bought outright 6,757 + 968 Held under repurchase agreements 266 + 120 + 166 Acceptances- Bought outright 203 12 511 Held under repurchase agreements 429 + 41 279 Loans- Total member bank borrowing 102 + 14 137 Includes seasonal borrowing of: 34 40 Other borrowing Float 2,682 + 257 + 1,037 Other F.R. assets 3,913 + 238 + 565 Total Reserve Bank credit 109,502 - 358 +12,84b Gold Stock 11,598 1 Special Drawing Rights certif. acct. 800 100 + 300 Treasury currency outstanding 10,760 7 + 903 132,660 - 251 +14,047 Currency in circulation ** 89,811 + 361 + 7,958 Treasury cash holdings ** 425 + 54 Treasury deposits with F.R. Banks 11,633 - 670 + 5,770 Foreign deposits with F.R. Banks 273 + 53 + 38 Other deposits with F.R. Banks 4/ 1,043 + 129 + 473 Other F.R. liabilities and capital 3,384 - 145 + 340 106,569 - 273 +14,633 Member bank reserves: With Federal Reserve Banks 26,090 + 21 - 588 Currency and coin 8,275 - 82 + 693 Total reserves held 5/ 34,514 72 + 254 Required reserves 34,094 - 280 190 Excess reserves 5/ 420 + 208 + 444 NOTE: A net of $95 million of surplus reserves were eligible to be carried forward from the week ended September 29, into the week ending October 6. On October 6, 1976, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $50,037 million, an increase of $818 million for the week. 1/ Net of $1,909 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2! Excludes $7,355 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $150 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 $149 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. * Estimated (New York District). ** 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 October 6, SeptemberOctober 1976 ** 29. 1976 8, 1975 A S S E TS 11,598 - 1 Gold certificate account 800 100 + 300 Special Drawing Rights certif. acct. (1,469) 365 - 49 Cash 55 269 - 101 Loans 199 13 - 504 Acceptances--Bought outright 181 326 + 181 Held under repurchase agreements 6,757 + 968 Federal Agency obligations--Bought outright 83 212 + 83 Held under repurchase agreements U.S. Government securities: 32,102 6,270 - 755 Bought outright—Bills Certificates 46,897 + 415 +3 ,497 Notes 6.506 + 41 +1 ,402 Bonds Total bought outright 1/2/ 85,505 - 5,814 +4 ,144 1,807 - 6,098 +1 ,807 Held under repurchase agreements 87,312 -11,912 +5 ,951 Total U.S. Government securities 94,587 -12,732 +6 ,578 Total loans and securities (1,854) 8,526 + 352 +1 ,022 Cash items in process of collection 356 + 2 + 49 Bank premises 27 + 1 + 23 Operating Equipment 3.767 + 398 + 692 Other assets 3/ (3,323) 120,026 -11.879 +8 ,614 TOTAL ASSETS L I A B I L I T I ES (1,469) 80,509 + 707 +7,154 Federal Reserve notes 22,908 - 6,899 -2,541 Deposits: Member bank-reserves account 7,496 - 4,716 +3,805 U.S. Treasury—general account 252 + 7 + 18 Foreign Other 4/ 924 + 4_ + 356 Total deposits 31,580 -11,604 +1,638 Deferred availability cash items (1,854) 4,899 371 - 170 Other liabilities and accrued dividends 998 250 - 83 TOTAL LIABILITIES (3,323) 117,986 -11,518 +8,539 C A P I T AL A C C O U N TS Capital paid in 966 1 + 52 Surplus 929 + 32 Other capital accounts 145 362 - 9 * Figures in parentheses are the eliminations made in the consolidating process. ** Estimated (New York District). 1/ Excludes $7,355 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $150 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. OCTOBER 6. 1976 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 davs in accordance v TLtn maximum raauuiiuy U JL VI1C ciMcgwcuwoi; U.S. Government Federal Agency LLooaannss Accept- securities obligations ances Holdings 1Weekly Holdings 1Weekly 1chanees 1changes A CHI - 7 /.7Q 19 A Within 15 days 16 days to 90 days 20 98 11,991 5,075 383 91 days to 1 year 46 26,052 9 958 - 9 Over 1 year to 5 years 29,559 525 3,267 Over 5 years to 10 years 9,981 85 1,415 5.066 41 693 Over 10 years Total 55 380 87,312 -11,912 6,840 -212 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 OCTOBER 6, 1976 ** New Phila- Cleve- Rich- St. Minne- Kansas San Total Boston York delphia, land mond Atlanta I Chicago Louis apolis City DallasIFranciscc (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 8 9 0 8 0 54 4 2 0 3,3 2 5 0 0 0 64 4 1 7 93 6 9 9 99 7 2 2 59 4 9 1 1,7 1 0 2 4 7 46 3 6 4 22 1 2 6 39 2 7 8 42 3 1 1 1,32 9 5 5 F O . t R h . e r n o ca t s e h s of other banks 1,4 3 6 6 9 5 9 1 4 7 38 2 5 4 9 1 0 1 4 5 8 0 1 4 4 1 3 1 4 7 4 0 5 3 4 3 4 2 7 7 2 1 9 3 4 4 1 4 12 2 2 3 2 3 4 8 6 Loans 55 — 3 2 -- — 13 — 2 13 10 12 * Acceptances: Bought outright 199 -- 199 — — — Held under repurchase agreements 181 181 - - — — — — -- Fed B e o r u a g l h t A g o e u n t c r y ig 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 83 83 U.S. Government securities: Bou B g i h l t l s o utright- 32,102 1,483 7,551 1,781 2,647 2,577 1,719 5,141 1,309 734 1,271 1,524 4,365 C B N o e o n r t d e t s s i ficates 46 6 , . 8 50 9 6 7 2,1 3 6 0 7 1 11 1 , . 0 5 3 3 0 0 2,6 3 0 6 2 1 3, 5 8 3 6 6 7 3, 5 7 2 6 2 4 2,5 3 1 4 2 9 7 1 , . 5 04 1 2 0 1,9 2 1 6 2 5 1,0 1 7 4 2 9 1, 2 85 5 6 8 2,2 3 2 09 8 6,3 8 7 8 7 4 Total bought outright 1/2/ 85,505 3,951 20,111 4,744 7,050 6,863 4,580 13,693 3,486 1,955 3,385 4,061 11,626 Held under repurchase agreements 1.807 1.807 Total U.S. Government securities 87.312 3.951 21.918 4,744 7.050 6.863 4,580 13.693 3.486 1,955 3.385 4,061 11,626 Total loans and securities 94,587 4,263 23,973 5,121 7,607 7,405 4,955 14,775 3,764 2,123 3,662 4,394 12,545 Cash items in process of collection 10,380 655 1,548 687 565 1,709 1,411 1,286 699 620 1,189 409 - 398 B O O I a p t n n e h t k r e e a r r p t d r i a i e n s s m g s t i e r s E t i q e s c u s t i 3 p s / m e e t n t t l ement account 3,7 3 - 5 6 2 0- 6 7 7 - 1 1 1 0 0 4 1 4 4 + 1 5 , 1 8 1 7 2 8 1 6 - 7 1 5 7 8 8 3 9 8 + 4 1 6 2 7 2 3 4 5 + 3 1 6 7 2 5 4 6 -1, 1 0 5 1 6 0 4 1 6 + 17 3 1 3 1 0 6 - 1 8 7 1 4 7 0 3 - 10 5 3 2 5 1 1 - 4 8 1 1 7 7 6 1 + 12 1 73 1 4 2 +1,1 4 2 4 3 8 5 9 TOTAL 123.349 5.672 31.896 6,049 9.942 10,810 6,319 18.496 4,971 3,008 5,049 5,701 15,436 * Less than $500,000. ** Estimated (New York District). . 1/ Excludes $7,355 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $150 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

I STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 6, 1976 New Phila- Cleve- Rich- 1 st. I 1Minne- Kansas San Total Boston York delphia land mond Atlanta Chicago I Louis 1 apolis City Dallas Francisco ** (In millions of dollars) L I A B I L I T I ES Federal Reserve notes 81,978 4,035 20,978 4,682 7,075 7,396 3,588 13,464 3,496 1,656 2,913 3,245 9,450 D D e e M p F f U O o e o e . t s m r r S T h i . b r e e o t r e i e t T d s r g a 2 : r n l / b a e a v d a n a e s k i p u l o r r a s y e b i — s i t g e l s e r i n v t e e y s r c a a l s h ac c i o t u e n m t s 2 3 2 7 6 1 , , , , 4 9 7 5 2 Q 9 0 5 5 8 6 8 2 3 9 0 A 1, 5 6 1 3 4 3 9 2 3 7 1 9 4 z. .. 6 2 1 , , / 2 5 9 7 3 , 7 3 3 4 7 7 4 0 3 4 1, 7 3 0 1 1 0 3 1 8 4 0 4 1 7 1 2 , , 4 7 4 1 2 5 9 2 2 0 4 5 1 0 1 1 1 1 , , , 5 1 7 5 0 7 1 1 1 9 7 4 4 3 3 0 1 2 , , 4 5 5 0 3 1 0 2 1 6 3 2 0 8 3 3 , , 1 6 8 7 4 1 0 3 7 5 4 1 6 6 7 1, 7 3 0 2 2 3 7 9 7 7 * 8 2 7 5 3 4 8 4 0 1 5 0 3 9 1 7 1 1, 9 2 2 7 8 6 6 1 5 5 7 4 0 ? 1 1 1 , , 4 3 4 8 8 5 3 6 1 1 1 7 6 3 3 9 4 4 , , 1 8 7 6 1 9 3 3 6 1 0 1 4 0 3 7 Oth d e i r T v O i l T d i A e a L n b d i L s l I i A t B i I e L s IT a I n E d S accured 121,3 QQ 0 f 9 t 5,5 6 9 6 6 31,371 5,958 9,76 7 7 6 10,69 7 5 9 6,164 18,1 1A 9 * 0 4,90 1 2 7 2,94 9 9 1 4,96 1 4 6 5,5 4 8 6 8 15,1 16 6 1 5 1 C O S a t u p h r i e p r C t l A a u c l P s a I p p T a i A i t L d a l A i C a n C c O c U o N u T n S t s 9 9 I 6 2 A 6 9 S 1 ! t i 3 3 a 5 5 2 2 4 3 8 9 4 4 3 2 6 8 8 1 3 1 1 5 5 4 2 Q 7 7 5 2 a 1 1 4 4 i 5 2 Q 3 3 2 2 s 2 2 8 6 s 4 3 1 9 s 5 5 4 1 f t 1 1 2 1 9 8 8 S TOT CA AL P I L T I A A L B I A L C I C T O I U E N S TS AND 123,349 5,672 31,896 6,049 9,942 10,810 6,319 18,496 4,971 3,008 5,049 5,701 15,436 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 85,556 4,180 21,664 4,973 7,247 7,621 4,251 13,623 3,658 1,714 3,052 5,439 10,134 Col G S l o p a l e d t c e i c r a e a l r l t D i f r o f a r i w c i F a n . t g R e . R a i n c g o c h t o t e u s s n : t c ertif. acct. 11,5 4 9 3 6 5 5 4 4 0 2 3,3 2 5 0 0 0 641 939 992 59 4 9 1 1,704 46 3 6 4 22 1 2 6 39 1 6 8 42 2 0 7 1,32 5 5 9 A U c . c S. e p G t o a v n e c r e n s m ent securities 75.235 ~~ 18r250 4.500 6.360 6 r 725 6,000 12,000 ir9sn 1 ,fiin 9,?nn i,nfin Q, mo Total collateral 87,266 4,262 21,800 5,141 7,299 7,717 4,640 13,704 3,750 1,848 3,114 3,507 10,484 * Less than $500,000. ** Estimated (New York District). 1/ After deducting $175 million participations of other Federal Reserve Banks. 2/ Includes $12 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