H.4.1 Factors Affecting Reserve Balances of Depository Institutions

;°f—1iti- FEDERAL RESERVE Factors Affecting Bank Reserves and • ffl LRt^. •' Condition Statement of F.R. Banks H.4.1 For immediate release October 21, 1976 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Oct. 20,* Oct. 13, Oct. 22, Oct. 20, * and related items 1' 1976 Reserve Bank credit: i/ (In millions of dollars) 2/ U.S. Government securities-- Bought outright--System account 92,303 +1,861 + 9,143 93,478 * Held under repurchase agreements 1,079 36 + 390 2,396 Federal Agency obligations-- Bought outright 6,757 . + 968 6,757 Held under repurchase agreements 34 27 - 2 110 Acceptances— Bought outright 200 7 - 511 199 Held under repurchase agreements 48 31 + 7 112 Loans— Total member bank borrowing 47 - 185 82 Includes seasonal borrowing of: 29 4 - 34 30 Other borrowing Float 3,454 + 795 + 1,280 3,774 Other F.R. assets 3,640 70 + 62 3,983 Total Reserve Bank credit 107,562 +2,485 +11,153 110,891 Gold Stock 11,598 — - 1 11,598 Special Drawing Rights certif. acct. 1,200 - - + 700 1,200 Treasury currency outstanding 10,786 + 4 + 899 10,789 131,146 +2,489 +12,751 134,478 Currency in circulation 90,509 - 124 + 8,058 90,490 Treasury cash holdings ** 525 + 25 + 143 525 Treasury deposits with F.R. Banks 8,399 + 588 + 4,824 8,076 Foreign deposits with F.R. Banks 291 + 54 + 46 256 Other deposits with F.R. Banks 3/ 1,010 10 + 354 1,546 Other F.R. liabilities and capital 3,318 + 106 + 97 3,397 104,052 + 639 +13,523 104,290 Member bank reserves: With Federal Reserve Banks 27,094 +1,851 - 772 30,188 Currency and coin 7,429 - 974 + 719 7,429 Total reserves held 4/ 34,669 + 877 + 93 37,763 Required reserves 34,589 + 989 + 12 34,589 Excess reserves 4/ 80 - 112 + 81 3,174 NOTE: A net of $145 million of surplus reserves were eligible to be carried forward from the week ended October 13, into the week ending October 20. On October 20, 1976, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $49,996 million,an increase of $576 million for the week. 1/ Net of $1,070 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Includes $159 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 $146 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975.' * Estimated (St. Louis District). Digitized for FRASER ** Estimated (Treasury's figures). 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 20, Oct. 13, October 22, A S S E TS 1976 ** 1976 1975 Gold certificate account 11,598 - 1 Special Drawing Rights certif. acct. * 1,200 -- + 700 Cash (1,562) 370 + 2 - 28 Loans 82 + 27 - 859 Acceptances--Bought outright 199 1 - 521 Held under repurchase agreements 112 - 205 - 32 Federal Agency obligations--Bought outright 6,757 — + 968 Held under repurchase agreements 110 - 183 - 9 U.S. Government securities: Bought outright--Bills 40,075 +1,066 + 5 ,248 Certificates — — -- Notes 46,897 -- + 3 ,497 Bonds 6,506 + 1 ,402 -- Total bought outright 1/ 93,478 +1 ,066 +10,147 Held under repurchase agreements 2,396 -2 ,472 + 2 Total U.S. Government securities 95,874 -1 ,406 +10,149 Total loans and securities 103,134 -1 ,768 + 9,696 Cash items in process of collection (1,932) 9,478 -1 ,017 + 1,292 Bank premises 359 + 2 + 48 Operating Equipment 26 - 1 + 20 Other assets 2/ 3,598 + 353 + 252 TOTAL ASSETS (3,494) 129,763 -2 ,429 +11,979 L I A B I L I T I ES \ Federal Reserve notes (1,562) 80,596 501 + 7,240 Deposits: Member bank-reserves account 30,188 - 565 + 1,533 U.S. Treasury--general account 8,076 -1 ,052 + 2,002 Foreign 256 - 24 + 42 1,546 + 375 + 729 Other V Total deposits 40,066 -1 ,266 + 4,306 Deferred availability cash items (1,932) 5,704 - 774 + 353 Other liabilities and accrued dividends 1,126 - 8 8 TOTAL LIABILITIES (3,494) 127,492 -2 ,549 +11,891 C A P I T AL A C C O U N TS Capital paid in 974 + 8 + 59 Surplus 929 + 1 + 32 Other capital accounts 368 + 111 3 * Figures in parentheses are the eliminations made in the consolidating process. ** Estimated (St. Louis District). 1/ Includes $159 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: OCTOBER 20. 1976 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance v/ ith maximum maturity of the agreements.) U.S. Government Federal Agency LLooaannss Accept- securities obligations ances Holdings Weekly Holdings Weekly changes changes Within 15 days 71 139 7,380 -2,488 131 -204 16 days to 90 days 11 102 17,307 99 362 - 20 91 days to 1 year -- 70 26,581 +1,181 1,033 + 75 Over 1 year to 5 years -- -- 29,559 — — 3,234 - 33 Over 5 years to 10 years -- — 9,981 1,406 - 9 Digitized for FRASER Over 10 years — — 5,066 — 701 + 8 http://fraser.stlouisfed.org/ Total 82 311 95,874 -1,406 6,867 -183 Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 20, 1976 New Phila- Cleve- Rich- 1 St. * 1 Minne- I Kansas 1 1 San Total Boston York delphia land mond Atlanta Chicago 1 Louis 1 aoolis 1 Citv 1 Dallas 1Francisco (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 1,562 65 388 90 59 151 259 58 60 24 42 120 246 Other cash 370 18 25 10 51 42 44 33 27 14 44 22 40 Loans 82 4 3 1 — — 8 2 36 13 8 7 Acceptances: Bought outright 199 -- 199 — -- -- Held under repurchase agreements 112 — 112 -- -- 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 110 — 110 -- — U.S. Government securities: Bought outright— Bills 40,075 1,852 9,427 2,224 3,304 3,217 2,146 6,417 1,634 991166 11,,558866 11,,990033 55,,444499 Certificates — — «• —— -- — -- -- — -- — 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/ 93,478 4,320 21,987 5,187 7,707 7,503 5,007 14,969 3,811 2,137 3,700 4*440 12,710 Held under repurchase agreements 2.396 2,396 Total U.S. Government securities 95.874 4,320 24,383 5,187 7.707 7,503 5,007 14,969 3.811 2,137 3,700 4,440 12.710 Total loans and securities 103,134 4,636 26,396 5,563 8,264 8,045 5,377 16,051 4,089 2,328 3,980 4,769 13,636 Cash items in process of collection 11,410 406 1,672 231 588 1,882 926 1,480 527 531 973 731 1,463 Bank premises 359 104 21 58 24 40 14 16 13 31 17 12 9 Operating Equipment 26 — 6 3 3 — 1 -- 4 1 -- 4 4 Other assets 2/ 3,598 96 1,770 174 163 157 136 316 76 52 85 116 457 Interdistrict settlement account -0- + 494 - 212 - 213 + 657 - 379 - 979 + 313 + 142 + 239 - 107 + 169 - 124 TOTAL 133.257 6.421 33.716 6.628 19,951 It,039 4,439 20, m 5.454 3,4$$ 5.473 6,410 17,199 k Estimated (St. Louis District). L/ Includes $159 million 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 OCTOBER 20, 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 82,158 4,039 21,044 4,706 7,127 7,372 3,577 13,559 3,494 1,658 22,,990088 3,249 9,425 Deposits: Member bank reserves 30,188 1,256 7,916 1,012 2,025 1,289 1,850 4,545 837 722 1,248 1,874 5,614 U.S. Treasury—general account 8,076 638 1,344 495 943 693 228 667 655 532 455 574 852 Foreign 256 9 1/ 81 11 20 13 18 36 8 7 10 13 30 Other 2/ 1,546 2 1.421 16 1 18 38 12 — — 2 3 15 18 Total deposits 40,066 1,905 10,762 1,534 2,989 2,013 2,134 5,260 1,500 1,263 1,716 2,476 6,514 Deferred availability cash items 7,636 344 1,058 223 460 1,445 500 842 345 457 771177 551155 773300 Other liabilities and accured dividends 1,126 48 271 61 81 76 61 156 39 25 39 46 223 TOTAL LIABILITIES 130,986 6,336 33,135 6,524 10,657 10,906 6,272 19,817 5,378 3,403 5,380 6,286 16,892 CAPITAL ACCOUNTS Capital paid in 974 35 248 43 84 54 75 145 32 28 41 56 133 Surplus 929 35 239 42 81 52 72 142 32 26 39 51 118 Other capital accounts 368 15 94 19 29 27 20 57 12 9 13 17 56 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 133,257 6,421 33,716 6,628 10,851 11,039 6,439 20,161 5,454 3,466 5,473 6,410 17,199 FEDERAL RESERVE AGENTS' ACCOUNTS F C . o R ll . a t n e o r t a e l s f o o u r t s F t . a R n . d i n n o g t es: 85,829 4,181 21,743 4,954 7,331 7,631 4,224 13,785 3,667 1,714 3,044 3,459 10,096 A G S c o p c l e e c d p i t a c a l e n r c D t e r i s a f w i i c n at g e Ri a g cc h o t u s n t c ertif. acct. 11, 6 5 0 9 0 5 5 6 4 0 2 3, 3 3 0 5 0 0 641 939 992 5 6 9 2 9 1,704 46 5 6 0 2 2 2 4 1 39 1 6 8 42 2 0 7 1,3 5 2 9 5 UU..SS.. GGoovveerrnnmmeenntt sseeccuurriittiieess 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 TToottaall ccoollllaatteerraall L.,.,97,8?o 4.282 21,900 5,141 7,499 7,717 4,661 13,904 3,766 1,855 3,114 3,507 10,484 W * Estimated (St. Louis District). a1/ After deducting $175 million participations of other Federal Res1erve Ba nvks.1 r11 ia ' ss: sir ™ ° ™" '- Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis