H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and . f*4L RtS. • Condition Statement of F.R. Banks For immediate release H.4.1 November 4, 1976 Due to holiday in some districts, the November 11, 1976 H.4.1 release will be published on November 12, 1976. nveianco » Week ended Change from week ended(Wednesday Member bank reserves, Reserve Bank credit, Nov. 3,• Oct. 27, I Nov .. 5, ¥ov, 3, 1976 1976 1 1975 1976 and related items / (In millions of dollars) 2/ 3/ Reserve Bank credit: U.S. Government securities- Bought outright—System account 92,935 231 + 9,253 91,895 Held under repurchase agreements 1,917 +1, 423 - 445 4,896 Federal Agency obligations- Bought outright 6,757 + 684 6,757 Held under repurchase agreements 100 + 84 - 34 465 Acceptances— Bought outright 197 4 549 197 Held under repurchase agreements 146 + 137 - 109 440 Loans- Total member bank borrowing 202 + 82 4- 135 1,140 Includes seasonal borrowing of: 30 - 3 - 11 25 Other borrowing Float 2,315 267 4- 102 2,024 Other F.R. assets 3,877 4- 127 4- 163 3,953 Total Reserve Bank credit 108,446 4-1, 350 + 9,201 111,767 Gold Stock 11,598 —— - 1 11,598 Special Drawing Rights certif. acct. 1,200 — — + 700 1,200 Treasury currency outstanding 10,809 + 11 4- 900 10,810 132,053 +1 ,361 4-10,800 135,375 Currency in circulation * 90,515 + 366 4-8,111 91,047 Treasury cash holdings * 525 — w 4- 113 525 Treasury deposits with F.R. Banks 9,650 + 557 4-2,895 8,403 Foreign deposits with F.R. Banks 319 + 76 + 31 296 Other deposits with F.R. Banks 4/ 1,057 + 39 4- 405 967 Other F.R. liabilities and capital 3,679 + 229 4- 297 3,117 105,745 4-1, 267 4-11,854 104,355 Member bank reserves: With Federal Reserve Banks 26,309 4- 95 - 1,053 31,020 Currency and coin 8,277 4- 427 4- 753 8,277 Total reserves held 5/ 34,741 4- 531 - 145 39,452 Required reserves 34,324 4- 260 4- 242 34,324 Excess reserves 5/ 417 4- 271 - 387 5,128 NOTE: A net of $57 million of surplus reserve were eligible to be carried forward from the week ended October 27, into the week ending November 3. On November 3, 1976, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $48,972 million, a decrease of $771 million for the week. 1/ Net of $343 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $1,383 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $112 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 $155 million waivers of penalties for reserve defi- """ ciencies in accordance with Board policy effective November 19, 1975. Digitized for FRASER * Estimated (Treasury 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 November 3, Oct. 27, Nov. 5, A S S E TS 1976 1976 1975 Gold certificate account 11,598 — «* 1 Special Drawing Rights certif. acct, * 1,200 — w + 700 Cash (1,412) 365 9 19 Loans 1,140 + 571 + 1,088 Acceptances--Bought outright 197 + 1 - 550 Held under repurchase agreements 440 + 410 + 211 Federal Agency obligations—Bought outright 6,757 —• + 685 Held under repurchase agreements 465 + 414 + 425 U.S. Government securities: Bought outright--Bills 38,492 - 774 + 8,046 Certificates Notes 46,897 +3,497 Bonds 6,506 -•* . + 1.402 Total bought outright 1/2/ 91,895 - 774 +12,945 Held under repurchase agreements 4.896 +3,347 + 4.282 Total U.S. Government securities 96.791 +2,573 +17.227 Total loans and securities 105,790 +3,969 +19,086 Cash items in process of collection (1,904) 8,174 + 667 + 289 Bank premises 358 —— + 45 Operating Equipment 26 . -- + 15 Other assets 3/ 3.569 + 234 + 170 TOTAL ASSETS (3,316) 131.080 +4.861 +20.285 L I A B I L I T I ES Federal Reserve notes (1,412) 81,127 + 599 + 7,232 Deposits: Member bank-reserves account 31,020 +4,599 + 6,542 U.S. Treasury--general account 8,403 -1,045 + 5,337 Foreign 296 + 45 59 Other 4/ 967 + 13 + 275 Total deposits 40,686 +3,612 +12,095 Deferred availability cash items (1,904) 6,150 +1,015 + 904 Other liabilities and accrued dividends 1.118 + 24 27 TOTAL LIABILITIES (3,316) 129,081 +5,250 +20,204 C A P I T AL A C C O U N TS Capital paid in 973 __ + 55 Surplus Other capital accounts 929 —— + 32 97 - 389 6 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Excludes $1,383 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. * 2/ Includes $112 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 DISTRIBUTIONS OF LOANS AND SECURITIES. NOVF.MRF.T^ ^ t 197ft (Acceptances and securities held under repurchase agreements are classified as fiLn maximum maturity or tne agreements.) U.S. Government Federal Agency Loans Accept- securities obligations ances Holdings Weekly Holdings Weekly changes changes 9,128 +5,092 465 +393 16 days to 90 days 17 98 15,951 -2,759 414 + 40 91 days to 1 year 68 27,172 + 306 1,002 - 19 Over 1 year to 5 years 29,493 - 66 3,234 Over 5 years to 10 years 9,981 -- 1,406 Over 10 years 5.066 — 701 Digitized for FRASER Total 1,140 637 96,791 +2,573 7,222 +414 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 3, 1976 New Phila- Cleve- Rich- St. Minne- Kansas San Total Boston York delphia land mond Atlanta Chicago Loui s 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 1,412 62 351 63 54 136 241 46 43 24 46 104 242 Other cash 365 18 27 8 50 40 43 33 26 14 44 21 41 Loans 1,140 55 909 74 — — 18 5 6 11 18 34 7 3 Acceptances: Bought outright 197 — 197 -- — -- — -- -- Held under repurchase agreements 440 — 440 — — — -- — -- 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 465 -- 465 — -- — — -- -- U.S. Government securities: Bought outright- Bills 38,492 1,779 9,054 2,136 3,174 3,090 2,061 6,163 1,570 880 1,523 1,828 5,234 Certificates — w — — — — — — — — — -- — — — 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/ 91,895 4,247 21,614 5,099 7,577 7,376 4,922 14,715 3,747 2,101 3,637 4,365 12,495 Held under repurchase agreements 4.896 mm • 4,896 —— — - -— - - —- -— — — — — Total U.S. Government securities 96.791 4.247 26.510 5.099 7.577 7.376 4.922 14.715 3,747 2,101 3.637 4,365 12.495 Total loans and securities 105,790 4,614 30,110 5,548 8,134 7,936 5,289 15,803 4,034 2,274 3,938 4,693 13,417 Cash items in process of collection 10,078 362 1,211 179 767 1,629 898 1,406 530 540 993 701 862 Bank premises 358 105 21 56 24 41 14 16 13 31 16 12 9 Operating Equipment 26 — 6 3 3 — 1 — 4 1 4 4 Other assets 3/ 3,569 100 1,716 192 170 165 141 356 82 54 85 103 405 Interdistrict settlement account -0- + 809 -4.083 - 565 + 433 8 - 377 + 423 + 405 + 273 + 95 + 596 +1.999 TOTAL 134,396 6.672 33.009 6.196 10,677 11,040 6,911 19,977 5,653 3,457 5,656 6,701 18,447 1/ Excludes $1,383 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ includes $112 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 NOVEMBER 3, 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 al t s R : eserve notes 82,539 4,034 21,122 4,715 7,114 7,432 3,660 13,530 3,504 1,669 2,965 3,370 9,424 D O e th f F M U O e e o e t . r r T r m h S r o e e . b l e t i r e i d a g T r a l 2 n r b a / b e i v d a a l a e n s i i p k u t l o r i a s r y e b i e — s i t s g l s e e i a r n t n v y d e e r s a c a c a l c s u h a r c e c i d o t u e n m t s 4 3 0 8 8 1 , , , , 6 0 4 9 0 2 8 5 9 0 6 2 6 4 6 7 3 0 2 1 , , 3 1 8 2 3 8 7 9 9 0 6 9 4 1 1 7 1 8 , , / 5 3 9 3 1 4 7 1 , 8 , 3 2 7 3 8 1 3 4 6 3 1, 2 0 9 1 5 7 2 2 1 9 8 2 2 4 1 2 2 , , 4 8 6 2 5 5 2 2 0 9 2 7 0 4 1 2 1 1 , , , 3 0 3 7 7 5 2 0 1 1 2 0 0 0 3 7 2 1 , , 5 5 6 7 3 1 9 3 5 1 2 0 5 9 8 8 5 4 , , 0 9 6 3 9 3 6 2 3 1 6 2 4 0 6 2 1, 4 5 5 9 4 9 9 8 7 7 9 8 7 3 1, 4 4 2 7 4 6 6 8 6 6 0 5 2 7 1 1 , , 8 7 1 7 3 3 0 1 1 6 3 9 3 1 0 2 1 , , 5 6 6 9 3 3 8 3 1 1 5 9 0 2 4 3 7 7 , , 6 9 0 7 3 0 3 1 9 6 5 6 0 9 3 4 dividends 1,118 47 300 56 78 75 54 152 39 24 38 45 210 TOTAL LIABILITIES 132,397 6,600 32,501 6,108 10,503 10,929 6,756 19,678 5,587 3,399 5,572 6,589 18,175 CAPITAL ACCOUNTS C S a u p r i p t l a u l s paid in 9 9 2 7 9 3 { 1 3 3 5 5 2 2 3 4 9 8 4 4 3 2 8 8 1 4 5 5 4 2 7 7 5 2 1 1 4 4 5 2 3 3 2 1 2 2 6 8 4 3 1 9 5 5 6 1 1 1 1 3 8 3 Other capital accounts 97 2 21 3 9 4 8 12 3 4 4 5 21 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 134,396 6,672 33,009 6,196 10,677 11,040 6,911 19,977 5,653 3,457 5,656 6,701 18,447 FEDERAL RESERVE AGENTS' ACCOUNTS F C . o R l . l a n t o e t r e a s l f o o u r t s F t . a R n . d i n n o g t es: 85,937 4,151 21,755 4,936 7,300 7,681 4,298 3,670 13,708 1,720 3,095 3,539 10,084 A G S c o p c l e e d c p i t c a a e l r n t c D i e r f s 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, 11,596 5 6 4 0 2 3,3 3 5 00 0 641 939 992 5 6 9 2 9 46 5 6 0 1,704 22 2 2 4 39 1 6 8 4 4 2 6 0 1,32 5 5 9 U.S. Government securities 75.730 3.680 18.250 4.500 6.560 6,775 4.000 3.250 12,200 1.610 Total collateral 87,945 4,282 21,900 5,141 7,499 CM 18 3.105 9, ioo 7,767 4,661 3,766 13,904 1,856 3,114 3,571 10,484 * Less than $500,000. ?/ heia with member Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis