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 14, 1976 Averages of daily figures Member bank reserves, Week ended Change from week ended Reserve Bank credit, and related items °C19763, 0°1976' °C19755, Reserve Bank credit: 1/ (In millions of dollars) U.S. Government securities-- Bought outright--System account 90,442 - 509 + 7 ,449 92,412 Held under repurchase agreements 1,115 -3:, 084 + 1 ,115 4,868 Federal Agency obligations-- Bought outright 6,757 -- + 968 6,757 Held under repurchase agreements 61 - 205 + 61 293 Acceptances-- Bought outright 207 + 4 - 502 200 Held under repurchase agreements 79 - 350 + 79 317 Loans-- Total member bank borrowing 47 - 55 - 125 55 Includes seasonal borrowing of: 33 - 1 - 32 32 Other borrowing -- -- -- Float 2,673 - 39 + 644 4,017 Other F.R. assets 3,710 - 163 + 258 3,629 Total Reserve Bank credit 105,091 -4 ,401 + 9 ,947 112,548 Gold Stock 11,598 - - - 1 11,598 Special Drawing Rights certif. acct. 1,200 + 400 + 700 1,200 TTrreeaassuurryy ccuurrrreennccyy oouuttssttaannddiinngg 10.782 + 22 + 909 10,783 128,671 -3 ,979 +11 ,554 136,129 Currency in circulation ** 90,609 + 798 + 8 ,048 90,987 Treasury cash holdings ** 525 + 100 + 144 525 Treasury deposits with F.R. Banks 7,811 -3 ,822 + 4 ,720 9,128 Foreign deposits with F.R. Banks 237 - 36 - 103 280 Other deposits with F.R. Banks 4/ 1,020 - 19 + 403 1,171 OOtthheerr FF..RR.. lliiaabbiilliittiieess aanndd ccaappiittaall 3.212 - 171 + 121 3,285 103,414 -3 ,151 +13 ,333 105,376 Member bank reserves: With Federal Reserve Banks 25,257 - 827 - 1 ,779 30,753 Currency and coin 8,403 + 128 + 785 8.403 Total reserves held 5/ 33,806 - 702 - 848 39,302 Required reserves 33,600 - 494 - 758 33,600 Excess reserves 5/ 206 - 208 - 90 5,702 NOTE: A net of $148 million of surplus reserves were eligible to be carried forward from the week ended October 6, into the week ending October 13. On October 13, 1976,. marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $49,420 million, a. decrease . of $617 million for the week. 1/ Net of $2,483 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $702 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $130 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 $146 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 13, October 6, October 15, A S S E TS 1976 ** 1976 1975 Gold certificate account 11,598 —— 1 Special Drawing Rights certif. acct. * 1,200 + 400 + 700 Cash (1,337) 368 + 3 28 Loans 55 «• —1 - 426 Acceptances--Bought outright 200 + 1 498 Held under repurchase agreements 317 + 136 + 317 Federal Agency obligations--Bought outright 6,757 — — + 968 Held under repurchase agreements 293 + 210 + 293 U.S. Government securities: Bought outright--Bills 39,009 + 6,907 + 5,530 Certificates — ~ w —i «• Notes 46,897 — + 3,497 Bonds 6,506 + 1,402 Total bought outright 11//22// 92,412 + 6,907 +10,429 Held under repurchase agreements 4,868 + 3,061 + 4,868 Total U.S. Government securities 97,280 + 9,968 +15,297 Total loans and securities 104,902 +10,315 +15,951 Cash items in process of collection (1,772) 10,495 + 1,012 + 217 Bank premises 357 + 1 + 46 Operating Equipment 27 — + 21 Other assets 3/ 3,245 - 246 58 TOTAL ASSETS (3,109) 132,192 +11,485 +16,848 L I A B I L I T I ES Federal Reserve notes (1,337) 81,097 + 588 + 7,324 Deposits: Member bank-reserves account 30,753 + 7,845 + 3,639 U.S. Treasury—general account 9,128 + 1,632 + 6,425 Foreign 280 + 28 - 597 Other V (10) 1,171 + 273 + 529 Total deposits (10) 41,332 + 9,778 + 9,996 Deferred availability cash items (1,762) 6,478 + 870 628 Other liabilities and accrued dividends 1,134 + 144 + 79 TOTAL LIABILITIES (3,109) 130,041 +11,380 +16,771 c a p i t al a c c o u n ts Capital paid in 966 + 50 Surplus 928 - 1 + 31 Other capital accounts 257 + 106 4 * Figures in parentheses are the eliminations made in the consolidating process. ** Estimated (New York District). 1/ Excludes $702 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $130 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 13. 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 37 358 9,868 +5,205 335 +211 16 days to 90 days 18 98 17,406 +5,415 382 1 91 days to 1 year 61 25,400 - 652 958 Over 1 year to 5 years 29,559 3,267 Over 5 years to 10 years 9,981 1,415 Over 10 years 5.066 693 Total 55 517 97,280 +9,968 7,050 +210 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 13, 1976 ** New Phila- Cleve- Rich- St. Minne- Kansas 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. 1,200 60 300 71 103 109 62 190 50 24 42 46 143 F.R. notes of other banks 1,337 63 327 82 41 126 230 47 40 24 37 110 210 Other cash 368 17 24 11 51 42 44 34 27 12 44 22 40 Loans ^ 55 1 2 1 1 2 12 5 2 3 16 10 * Acceptances: Bought outright 200 —— 200 — — mm mm «• — Held under repurchase agreements 317 — — 317 — — mm mm mm mm Federal Agency obligations-- Bought outright 6,757 312 1,589 375 557 542 362 1,082 276 155 267 321 919 Held under repurchase agreements 293 — 293 —— —— — WW mm mm mm mm __ • mm U.S. Government securities: Bought outright- Bills 39,009 1,803 9,176 2,164 3,216 3,131 2,089 6,247 1,591 892 1,544 1,852 5,304 Certificates — — — — — — mm • mm mm w mm Notes 46,897 2,167 11,030 2,602 3,867 3,764 2,512 7,510 1,912 1,072 1,856 2,228 6,377 Bonds 6,506 301 1,530 361 536 522 349 1,042 265 149 258 309 884 Total bought outright .1/2/ 92,412 4,271 21,736 5,127 7,619 7,417 4,950 14,799 3,768 2,113 3,658 4,389 12,565 Held under repurchase agreements 4.868 — — 4,868 * — mm mm * — __ Total U.S. Government securities 97.280 4.271 26,604 5,127 7,619 7.417 4,950 14,799 3,768 2,113 3,658 4,389 12,565 Total loans and securities 104,902 4,584 29,005 5,503 8,177 7,961 5,324 15,886 4,046 2,271 3,941 4,720 13,484 Cash items in process of collection 12,267 463 2,194 327 678 1,751 986 1,507 554 723 1,180 840 1,064 Bank premises 357 104 21 58 24 37 15 16 13 31 17 12 9 Operating Equipment 27 * 6 3 3 * 1 mm mm - 4 1 4 5 Other assets 3/ 3,245 92 1,613 159 152 148 148 287 83 49 75 104 335 Interdistrict settlement account -0- + 278 -2,252 - 140 + 543 + 390 - 915 + 799 + 267 + 95 + 217 + 253 + 465 TOTAL 135.301 6.203 34.588 6.715 10.711 11,556 6.494 20.470 5.550 3.452 5.950 6.532 17.080 * Less than $500,000. ** Estimated (New York District). 1/ Excludes $702 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $130 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.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 13, 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 82,434 4,049 21,094 4,719 7,127 7,419 3,625 13,556 3,507 1,666 2,927 3,263 9,482 Deposits: Member bank reserves 30,753 946 9,624 942 1,785 1,287 1,516 4,558 860 605 1,150 1,906 5,574 U.S. Treasury—general account 9,128 693 710 675 995 1,072 598 931 667 532 751 589 915 Foreign 280 9 1/ 105 11 20 13 18 36 8 7 10 13 30 Other 2/ 1.181 2 1.082 3 1 17 39 6 * 1 1 14 15 Total deposits 41,342 1,650 11,521 1,631 2,801 2,389 2,171 5,531 1,535 1,145 1,912 2,522 6,534 Deferred availability cash items 8,240 374 1,139 210 522 1,549 467 908 396 511 984 584 596 Other liabilities and accured dividends 1.134 50 282 58 77 75 70 150 39 69 38 44 182 TOTAL LIABILITIES 133,150 6,123 34,036 6,618 10,527 11,432 6,333 20,145 5,477 3,391 5,861 6,413 16,794 CAPITAL ACCOUNTS Capital paid in 966 | 35 248 43 83 54 75 145 32 28 41 54 128 Surplus 928 i 35 239 42 81 52 72 142 31 26 39 51 118 Other capital accounts 257 10 62 12 20 18 14 38 10 7 9 JA_ 40 CAPITAL ACCOUNTS 135,301 6,203 34,588 6,715 10,711 11,556 6,494 20,470 5,550 3,452 5,950 6,532 17,080 FEDERAL RESERVE AGENTS1 ACCOUNTS F.R. notes outstanding Collateral for F.R. notes: 85,786 4,186 21,707 4,966 7,303 7,642 4,232 13,747 3,679 1,712 3,057 3,441 1U,114 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, 6 5 0 9 0 6 5 6 4 0 2 3, 3 3 0 5 0 0 641 939 992 59 6 9 2 1,704 46 5 6 0 2 2 2 4 2 39 1 6 8 42 2 0 7 1,32 5 5 9 U.S. Government securities 75.635 3.680 18.250 4.500 6.560 6.725 4.000 12.200 3.250 1.610 2.700 3.060 9.100 Total collateral 87,831 4,282 21,900 5,141 7,499 7,717 4,661 13,904 3,766 1,856 3,114 3,507 10,484 Less than $500,000. ** Estimated (New York District). 8 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis