H.4.1 Factors Affecting Reserve Balances of Depository Institutions

•GF GOW.- FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks • f^AL . • For immediate release H.4.1 October 28, 1976 Week ended Change from week ended Wednesday Member bank reserves, Reserve Bank credit, Oct. 27, Oct. 20, | Oct .29, Oct. 27, and related items 1976 1976 I 1975 1976 Reserve Bank credit: 1/ (In millions of dollars) 2/ 3/ U.S. Government securities-- Bought outright--System account 93,166 4- 863 8,522 92,669 Held under repurchase agreements 494 - 585 - 764 1,549 Federal Agency obligations-- Bought outright 6,757 + 684 6,757 Held under repurchase agreements 16 - 18 - 36 51 Acceptances-- Bought outright 201 + 1 - 531 196 Held under repurchase agreements 9 - 39 - 76 i 30 Loans-- Total member bank borrowing 120 + 73 , + 26 569 Includes seasonal borrowing of: 33 + 4 - 27 32 Other borrowing Float 2,563 930 • : 4" '7 52 2,372 Other F.R. assets 3,750 \.+ • 107 4- 84 3,719 Total Reserve Bank credit 107,077 - 526 4-8,662 107,912 Gold Stock 11,598 —— - 1 11,598 Special Drawing Rights certif. acct. 1,200 —— 4- 700 1,200 Treasury currency outstanding 10,798 4- 12 + 905 10,804 130,673 - 514 4-10,266 131,514 Currency in circulation 90,149 361 4-8,074 90,433 Treasury cash holdings 525 — — 4- 114 525 Treasury deposits with F.R. Banks 9,093 4- 694 4- 2,945 9,448 Foreign deposits with F.R. Banks 243 - 48 - 22 251 Other deposits with F.R. Banks 4/ 1,018 + 8 4- 354 954 Other F.R. liabilities and capital 3,450 4- 132 4- 75 3,482 104,478 + 426 4-11,540 105,093 Member bank reserves: With Federal Reserve Banks 26,195 940 * 1,275 26,421 Currency and coin 7,850 4- 421 4- 605 7,850 Total reserves held 5/ 34,191 - 519 524 34,417 Required reserves 34,064 - 525 - 373 , 34,064 Excess reserves J5/ 127 353 NOTE: A net of $57 million of surplus reserves were eligible to be carried forward from the week ended October 20, into the week ending October 27. On October 27, 1976, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $49,748 million, a decrease of $248 million for the week. 1/ Net of $312 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $809 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $65 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 (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 27, Oct. 20, Oct. 29, ' A S S E TS 1976 1976 1975 , Gold certificate account 11,598 mm <m - 1 ! Special Drawing Rights certif. acct. * 1,200 — — + 700 Cash (1,598) 374 + 4 - 16 Loans 569 + 487 + 471 Acceptances—Bought outright 196 3 - 543 Held under repurchase agreements 30 - 82 - 128 Federal Agency obligations—Bought outright 6,757 • * + 684 Held under repurchase agreements 51 - 59 40 U.S. Government securities: Bought outright—Bills 39,266 - 809 +3,526 Certificates — — mm mm Notes 46,897 mm mm +3,497 Bonds 6,506 -- +1,402 Total bought outright 1/2/ 92,669 - 809 +8,425 Held under repurchase agreements 1,549 - 847 -1,409 Total U.S. Government securities 94.218 -1,656 +7,016 Total loans and securities 101,821 -1,313 +7,460 Cash items in process of collection (1,729) 7,507 -1,941 + 774 Bank premises 358 1 + 45 Operating Equipment 26 + 18 Other assets 3/ 3,335 - 282 2 19 TOTAL ASSETS (3,327) 126,219 -3,533 +8,961 L I A B I L I T I ES Federal Reserve notes (1,598) 80,528 - 70 +7, ,295 Deposits: Member bank-reserves account 26,421 -3 ,767 -2,, 386 U.S. Treasury--general account 9,448 +1 ,372 +3,, 324 Foreign 251 - 5 + 15 Other 4/ 954 - 592 + 360 Total deposits 37,074 -2 ,992 +1, 313 Deferred availability cash items (1,729) 5,135 - 556 + 317 Other liabilities and accrued dividends 1,094 - 32 - 53 TOTAL LIABILITIES (3,327) 123,831 -3 ,650 +8, 872 C A P I T AL A C C O U N TS Capital paid in 973 - 1 + 57 Surplus 929 mm mm + 32 Other capital accounts 486 + 118 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Excludes $809 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $65 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 27. 1976 (Acceptances and securities held under repurchase agreements are classified as U.S. Government Federal Agency Loans Accept- securities oblieati ons ances Holdings 1Weekly Holdings Weekly 1 chances changes Within 15 days 555 57 4,036 -3,344 72 - 59 16 days to 90 days 14 103 18,710 +1,403 374 + 12 91 days to 1 year -- 66 26,866 + 285 1,021 - 12 Over 1 year to 5 years — — 29,559 3,234 mm w Over 5 years to 10 years -- — 9,981 1,406 • M Over 10 years — 5,066 —— 701 mm mm Digitized for FRASER Total 569 226 94,218 -1,656 6,808 - 59 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK 6N OCTOBER 27, 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 1,598 71 413 82 68 154 266 59 58 28 42 115 242 Other cash 374 18 27 10 51 41 44 34 27 14 44 22 42 Loans 569 29 4 1 —— 2 8 93 22 4 16 14 376 Acceptances: Bought outright 119966 — 119966 -- -- Held under repurchase agreements 30 -- 30 — -- Federal Agency obligations- Bought outright 6,757 312 1,589 375 557 542 362 1,082 227766 155 267 321 919 Held under repurchase agreements 51 -- 51 U.S. Government securities: Bought outright- Bills 39,266 1,814 9,236 2,179 3,237 3,152 2,103 6,288 11,,660011 898 1,554 1,865 5,339 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 UU 92,669 4,282 21,796 5,142 7,640 7,438 4,964 14,840 3,778 2,119 3,668 4,402 12,600 Held under repurchase agreements 1,549 1,549 Total U.S. Government securities 94.218 4,282 23,345 5,142 7,640 7,438 4,964 14,840 3,778 2,119 3,668 4,402 12,600 Total loans and securities 101,821 4,623 25,215 5,518 8,197 7,982 5,334 16,015 4,076 2,278 3,951 4,737 13,895 Cash items in process of collection 9,236 306 1,362 204 768 1,548 730 1,131 375 477 826 583 926 Bank premises 358 104 21 56 24 41 14 16 13 31 17 12 9 Operating Equipment 26 — 6 3 3 * 1 — 4 1 — 4 4 Other assets 3/ 3,335 104 1,588 172 165 157 149 325 79 50 90 100 356 Interdistrict settlement account -0- + 91 - 178 - 268 + 303 - 277 - 505 - 417 + 333 + 255 + 152 + 456 + 55 TOTAL 129,546 5,919 32,104 6,489 10,621 10,747 6,694 19,057 5,481 3,380 5,561 6,496 16,997 * Less than $500,000. 1/ Excludes $809 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $65 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 27, 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 82,126 4,030 20,971 4,685 7,071 7,401 3,668 13,459 3,472 1,672 2,948 3,326 9,423 DDDeeepppooosssiiitttsss::: MMMeeemmmbbbeeerrr bbbaaannnkkk rrreeessseeerrrvvveeesss 26,421 852 6,597 912 1,570 1,247 1,724 3,636 849 629 1,149 1,817 5,439 UUU...SSS... TTTrrreeeaaasssuuurrryyy———gggeeennneeerrraaalll aaaccccccooouuunnnttt 9,448 617 1,812 532 1,019 541 595 761 746 550 624 699 952 FFFooorrreeeiiigggnnn 251 9 :1 / 76 11 20 13 18 36 8 7 10 13 30 OOOttthhheeerrr 222/// 954 2 841 15 1 17 41 6 * 1 2 15 13 TTToootttaaalll dddeeepppooosssiiitttsss 37,074 1,480 9,326 1,470 2,610 1,818 2,378 4,439 1,603 1,187 1,785 2,544 6,434 DDDeeefffeeerrrrrreeeddd aaavvvaaaiiilllaaabbbiiillliiitttyyy cccaaassshhh iiittteeemmmsss 6,864 272 937 163 • 657 1,292 419 642 285 432 691 450 624 OOOttthhheeerrr llliiiaaabbbiiillliiitttiiieeesss aaannnddd aaaccccccuuurrreeeddd dddiiivvviiidddeeennndddsss 1.094 47 261 59 83 93 57 154 39 23 39 46 193 TTTOOOTTTAAALLL LLLIIIAAABBBIIILLLIIITTTIIIEEESSS 127,158 5,829 31,495 6,377 10,421 10,604 6,522 18,694 5,399 3,314 5,463 6,366 16,674 CCAAPPIITTAALL AACCCCOOUUNNTTSS CCaappiittaall ppaaiidd iinn 973 S 35 248 43 84 54 75 145 31 28 41 56 133 SSuurrpplluuss 929 ; 35 239 42 81 52 72 142 32 26 39 51 118 OOtthheerr ccaappiittaall aaccccoouunnttss 486 i 20 122 27 35 37 25 76 19 12 18 23 72 TTOOTTAALL LLIIAABBIILLIITTIIEESS AANNDD CCAAPPIITTAALL AACCCCOOUUNNTTSS 129,546 5,919 32,104 6,489 10,621 10,747 6,694 19,057 5,481 3,380 5,561 6,496 16,997 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 85,815 4,166 21,699 4,918 7,289 7,663 4,315 13,695 3,646 1,727 3,U83 J,DJJ 1U,U8T 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. 619 60 300 62 — 50 24 18 46 59 Acceptances U.S. Government securities . 75,680 , 3,680 18,250 4,500 6,560 6,725 4,000 12,200 3,250 1,610 2,700 3,105 9,100 Total collateral 87,895 4,282 21,900 5,141 7,499 7,717 4,661 13,904 3,766 1,856 3,114 3,571 10,484 * Less thari $500,000. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis