H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE \#|( li#/ Factors Affecting Bank Reserves and Condition Statement of F.R. Banks ^ ^ For immediate release November 12, 1976 Averages of daily figures Week ended Change from week ended Wednesday Member bank reserves, Nov. 10,* Nov Nov. 12, Nov. 10, * Reserve Bank credit, 1976 1976 1975 1976 and related items Reserve Bank credit: 1 /' (In millions of dollars) T TW U.S. Government securities— Bought outright—System account 90,417 -2,518 + 9, 040 . 90,071 Held under repurchase agreements 386 -1,531 - 46 2,702 Federal Agency obligations-- Bought outright 6,757 4- 685 6,757 Held under repurchase agreements 5 95 - 25 34 . Acceptances-- Bought outright 199 + 2 - 537 198 Held under repurchase agreements 35 - Ill 4- 12 248 Loans-- Total member bank borrowing 51 - 151 + 12 137 Includes seasonal borrowing of: 24 6 - 3 22 Other borrowing Float ' 3,052 + 706 4- 787 3,000 Other F.R. assets 3,850 - 27 4- 98 3,835 Total Reserve Bank credit 104,752 -3,725 4-10, 027 106,982 Gold Stock 11,598 — — - 1 11,598 Special Drawing Rights certif. acct. 1,200 — — 4- 700 1,200 Treasury currency outstanding 10,814 '+ 5 4- 859 10,824 128,364 -3,720 4-11, 585 130,604 Currency in circulation 91,349 4- 834 4- 7 ,892 92,046 Treasury cash holdings 525 — — 4- 98 525 Treasury deposits with F.R. Banks 6,768 -2,882 4- 3 ,900 6,472 Foreign deposits with F.R. Banks 237 82 - 36 199 Other deposits with F.R. Banks 4/ 901 - 156 4- 318 1,103 Other F.R. liabilities and capital 3,117 - 562 4- 8 3,346 102,896 -2,849 4-12, 178 103,691 Member bank reserves: With Federal Reserve Banks 25,468 - 872 593 26,913 Currency and coin 8,466 + 189 4- 773 8,466 Total reserves held 5V 34,092 - 680 4- 338 35,537 Required reserves 34,034 - 290 4- 243 34,034 Excess reserves 5/ 58 - 390 4- 95 1,503 NOTE: A net of $170 million of surplus reserves were eligible to be carried forward from the week ended November 3, into the week ending November 10. On November 10, 1976, marketable U. S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $47,433 million, a decrease of $1,539 million for the week. 1/ Net of $2,326 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $2,671 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $92 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 $158 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. Digitized for FRASER * Estimated (New York and Cleveland Districts). http://fraser.stlouisfed.org/ ** Estimated (Treasuryfs Figures). Federal Reserve Bank of St. Louis

H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL KESEKva BANHD Wednesday Change since Nov. 10,** Nov. 31, Nov. 12, i A S S E TS 1976 1976 1975 j Gold certificate account 11,598 —— 1 Special Drawing Rights certif. acct» * 1,200 —— + 700 Cash (1,174) 363 2 19 Loans 137 -1,003 + 67 Acceptances--Bought outright 198 + 1 - 522 Held under repurchase agreements 248 - 192 + 88 Federal Agency obligations—Bought outright 6,757 - - + 685 Held under repurchase agreements 34 - 431 - 178 U.S. Government securities: Bought outright—Bills 36,668 -1,824 +3,507 Certificates Notes 46,897 • e +3,497 Bonds 6,506 +1,402 Total bought outright 1/2/ 90,071 -1,824 +8,406 Held under repurchase agreements 2,702 -2,194 - 325 Total U.S. Government securities 92,773 -4,018 +8,081 Total loans and securities 100,147 -5,643 +8,221 Cash items in process of collection (1,623) 8,506 + 332 - 221 Bank premises 360 + 2 + 46 Operating Equipment 26 —— + 15 Other assets _3/ 3,449 - 120 - 29 TOTAL ASSETS (2,797) 125,649 -5,431 +8,712 L I A B I L I T I ES Federal Reserve notes 82,110 + 983 +7,193 Deposits: Member bank-reserves account 26,913 -4,107 -3,254 U.S. Treasury--general account 6; 472 -1,931 +3|895 Foreign 199 - 97 - 23 Other 4_/ 1,103 + 136 + 461 Total deposits 34,687 -5,999 +1,079 Deferred availability cash items (1,623) 5,5CG 644 + 209 Other liabilities and accrued dividends 1,231 + 113 + 145 TOTAL LIABILITIES (2,797) 123,534 -5,547 +8,626 C A P I T AL A C C O U N TS Capital paid in 973 __ + 54 Surplus 929 + 32 Other capital accounts 213 + 116 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Excludes $2,671 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $92 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denomination in foreign currencies. 4/ Includes $12 million of certain deposits of foreign-owned banking institutions voluntarily held witii member banks and redeposited in full ..with Federal Reserve Banks. ** Esitraated (New York and Cleveland Districts). MATURITY DISTRIBUTION: OF LOANS AND SECURITIES. NOVEMBER 10, 1976 (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 LLooaannss Accept- securities obligations ances Holdings I Weekly Holdings Weekly 1 changes changes Within 15 days 127 272 •6,791 -2,337 35 -430 16 days to 90 days 10 112 15,067 - 884 414 * 91 days to 1 year — 62 26,375 - 797 1,001 - 1 Over 1 year to 5 years - - -- 29,493 -- 3,234 —- Over 5 years to 10 years - - -- 9,981 -- 1,406 —- Over 10 years -- -- 5,066 -- 701 —- Digitized for FRASER Total 137 446 92,773 -4,018 6,791 -431 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 10, 1976 H.4.1(b) ** New | Phila- 1 Cleve- 1 Rich- St. Minne- Kansas San Total Boston York delphia 1 ** land 1 mond Atlanta 1 Chicago Louis apolis Citv Dallas Franciscc (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 1 , , 5 2 9 0 8 0 54 6 2 0 3,3 3 5 0 0 0 64 7 1 1 9 1 3 0 9 3 9 1 9 0 2 9 59 6 9 2 1,7 1 0 9 4 0 46 5 6 0 22 2 2 4 39 4 7 2 42 4 1 6 1,3 1 2 4 5 3 F O . t R h . e r n o ca t s e h s of other banks 1, 3 1 6 7 3 4 3 1 7 7 30 2 6 7 41 8 5 5 0 4 1 4 0 0 3 20 4 9 3 3 3 7 1 2 2 8 6 2 1 0 4 4 4 0 2 9 2 8 1 2 4 0 4 1 Loans 137 3 99 2 5 3 5 2 14 4 Acceptances: Bought outright 198 198 Held under repurchase agreements 248 248 Fed B e o r u a g l h t A o g u e t n r c i y g 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 34 34 U.S. Government securities: Bou B g i h l t l s o utright— 36,668 1,695 8,625 2,034 3,023 2,943 1,964 5,872 1,495 838 1,451 1,742 4,986 CC BB NN ee oo oo rr nn tt tt dd ee ss ss ii ffiiccaatteess 46 6 , , 8 5 9 0 7 6 2,1 3 6 0 7 1 11 1 , , 0 53 3 0 0 2,6 3 0 61 2 3,8 5 6 3 7 6 3,7 52 6 2 4 2,5 3 1 4 2 9 7 1 , , 5 0 1 4 0 2 1,9 2 1 6 2 5 1,0 1 7 4 2 9 1,8 2 5 5 6 8 2,2 3 2 0 8 9 6,3 8 7 8 7 4 TToottaall bboouugghhtt oouuttrriigghhtt11//22// 90,071 4,163 21,185 4,997 7,426 7,229 4,825 14,424 3,672 2,059 3,565 4,279 12,247 T iO o U H t c e a & l l l d l TU u o T n a •C n d s e Op r A a •t n r r d e wo p Vm s u cm e r or c c nmt u h u' r a c i s l t e it i "t e f a s O g C A r WS e . e UJ m IL e t n i t c s o 1 9 0 2 2 0 , , , 7 7 1 0 7 4 2 3 7 4 4 , , 1 4 6 7 3 8 2 2 3 2 6 , , , 8 7 0 0 8 5 2 7 5 4 5 , , 9 3 9 7 7 2 7 7 . , 4 9 2 8 6 3 7 7 . , 2 7 2 7 9 3 4 5 , , 8 1 2 92 5 1 15 4 , . 5 4 0 2 9 4 3 3 , . 9 6 5 7 3 2 2 2, , 2 0 1 5 6 9 3 3 , , 5 8 6 4 5 6 4 4 , , 2 6 7 0 9 4 1 1 2 3 , ,1 2 6 4 6 7 Cash items in process of collection 10,129 287 1,682 295 923 1,584 838 1,438 421 434 869 606 752 B O O I a p t n n e h t k e r e r a r p t d a r i i s e n s s g m t e i r t E s i s q e c u s t i 3 p s / m e e t n t t l ement account 3, 3 4 - 6 4 2 0 0 9 6 - + 1 1 1 2 0 0 0 5 9 + 1 1 , 1 5 6 2 5 1 0 6 + 15 1 4 5 7 6 1 3 - 56 1 8 2 7 4 8 3 - 44 1 4 7 2 3 - 47 1 0 1 5 4 1 1 - 31 3 2 4 1 2 6 + 374 8 1 8 3 4 + 275 3 5 1 5 1 + 5 1 9 * 7 3 + 24 1 8 4 1 4 3 2 + 10 3 2 9 4 6 9 128,446 5,755 33,413 6,812 9,689 10,772 6,639 18,955 5,423 3,292 5,351 6,203 16,142 TOTAL 2/ Includes $92 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. ** Esitmated (New York and Cleveland Districts). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

A H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 10, 1976 New Phila- Cleve- Rich- St. Minne- Kansas San Total Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas Francisco ** (In millions o f dollars) L I A B I L I T I ES Federal Reserve notes 83,284 4,063 21,251 4,799 7,184 7,507 3,686 13,685 3,527 1,679 2,994 3,404 9,505 Deposits: Member bank reserves 26,913 723 8,469 1,079 1,250 1,106 1,672 3,513 865 658 1,126 1,634 4,818 U.S. Treasury--general account 6,472 546 335 569 527 558 597 503 641 460 439 530 767 Foreign 199 9 1/ 24 11 20 13 18 36 8 7 10 13 30 Other 2/ 1,103 * 996 2 1 14 34 17 1 2 2 20 14 Total deposits 34,687 1,278 9,824 1,661 1,798 1,691 2,321 4,069 1,515 1,127 1,577 2,197 5,629 Deferred availability cash items 7,129 292 1,343 203 450 1,380 409 735 272 403 656 437 549 Other liabilities and accured dividends 1,231 46 459 55 77 73 62 148 38 23 36 48 166 TOTAL LIABILITIES 126,331 5,679 32,877 6,718 9,509 10,651 6,478 18,637 5,352 3,232 5,263 6,086 15,849 Capit C a A l P I p T a A i L d A i C n C OUNTS 973 i 35 248 43 84 54 75 146 31 28 40 56 133 Surplus 929 35 239 42 81 52 72 142 32 26 39 51 118 Other capital accounts 213 6 49 9 15 15 14 30 8 6 9 10 42 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 128,446 5,755 33,413 6,812 9,689 10,772 ' 6,639 18,955 5,423 3,292 5,351 6,203 16,142 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 86 ,440 4,167 21., 820 5 ,-011 7 ,346 7,720 4,269 13,881 3,669 1,724 3,116 3,638 10,079 Collateral for F.R. notes: Gold certificate account 11 ,596 542 3:, 350 641 939 992 599 1,704 466 222 339966 444222000 111,,,333222555 Special Drawing Rights certif. acct. 643 60 300 -- -- 62 50 24 42 444666 555999 Acceptances T U o . t S. a l G o c v o e l r l n a m t e e n r t a l s ecurities 7 8 6 8 , . 2 0 5 2 9 0 4 3 , , 2 6 8 8 2 0 1 2 8 2 , ,0 3 0 5 0 0 4 5 . , , 5 1 0 4 0 1 6 7 , , 5 49 6 9 0 6 7 , , 7 7 7 6 5 7 4 4 , , 0 66 0 1 0 1 1 2 3 , , 2 9 0 0 0 4 3, /bb } ! , ,t % O 1 b 0 j,ZjO -3, 3, 1 6 9 6 5 1 1 9 0 , , 1 4 0 8 0 4 * Less than $500,000. ** Estimated (New York and Cleveland Districts) 1/ After deducting $175 million participations of other Federal Reserve Banks. 2! Includes $12 million 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