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FEDERAL RESERVE ••f^ALKSe- Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For Immediate release August 5, 1976 H.4.1 Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: 1/ U.S. Government securities-Bought outright--System account Held under repurchase agreements Special Certificates Federal Agency obligations — Bought outright Held under repurchase agreements Acceptances— Bought outright Held under repurchase agreements Loans-Total member bank borrowing Includes seasonal borrowing of: Other borrowing Float Other F.R. assets Total Reserve Bank credit Gold Stock Special Drawing Rights certif. acct. Treasury currency outstanding Currency in circulation Treasury cash holdings Treasury deposits with F.R. Banks Foreign deposits with F.R. Banks Other deposits with F.R. Banks 4/ Other F.R. liabilities and capital Member bank reserves: With Federal Reserve Banks Currency and coin Total reserves held 5/ Required reserves Excess reserves 5/ NOTE: 1/ 2/ 3/ 4/ 5/ ** ** Averages of daily figures Week ended Change from week ended Wednesday Aug. 4, * July 28, I Aug. 6, 1976 I 1975 1976 (In millions of dollars) 88,582 2.634 6,805 75 + 327 345 + 156 22 - - 2,487 4,000 105,411 11,598 700 10,667 128,376 + 89,154 500 7,623 288 1,023 3,395 101,983 + 26,394 8,191 34,733 34,262 471 88,536 4,755 -- 7,169 + 2,634 231 * 44 H4- 1,722 75 6,805 166 10 327 H- 351 345 320 479 24 7 769 24 962 78 j +13,083 * 19 200 4967 44-14,232 3,297 3,946 109,073 11,598 700 10,667 132,038 7,623 146 4- 6,418 11 4361 4287 44-14,846 89,421 500 5,856 264 1,063 3,123 100,227 613 645 180 92 272 31,811 8,191 40,150 34,262 5,888 407 r2,107 - - 22 87 — — — ## 3 + 4-1,997 + 44- 44- 121 4- —• — 4- 4-1,405 38 + 20 32 4-1,512 4- - 3 5 4,993 4- 4- 485 46 531 62 469 44- 4- - - A net of $4 million of deficit reserves were eligible to be carried forward from the week ended July 28, into the week ending August 4. On August 4, 1976, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $46,714 million, an increase of $306 million for the week. Net of $668 million, daily average, matched sale-purchase transactions outstanding during the statement week. Excludes $714 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. Includes $90 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes $12 million of certain deposits of foreign-owned banking institutions voluntarily held with member banks and redeposited in full with Federal Reserve Banks. Adjusted to include $148 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. Estimated (Atlanta, Chicago, and Ran Francisco Districts). Estimated (Treasury1s figures). H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Change since Wednesday August 4, July 28, August 6, 1Q7S 1976 A S S E T S 1976 — -» Gold certificate account 10 11,598 * — — Special Drawing Rights certif. acct. 200 700 + Cash 360 + 13 + 21 (1,656) Loans + + 652 769 92 Acceptances--Bought outright 320 13 344 Held under repurchase agreements 479 + 362 + 479 Federal Agency obligations—Bought outright -6,805 + 1,722 Held under repurchase agreements 166 + 26 + 166 U.S. Government securities: Bought outright--Bills 36,690 + + 5,275 94 — — Certificates - Special 965 — — — -— — - Other — — Notes 45,749 + 2,863 — — Bonds 6,097 + 1,575 88,536 Total bought outright + 1/2/ 94 + 8,748 Held under repurchase agreements +2 ,017 4,755 + 4,755 Total U.S. Government securities +2 ,111 93,291 +13,503 Total loans and securities 101,830 +2 ,578 +16,178 8,793 (1,698) + 965 Cash items in process of collection + 1,070 347 + 1 Bank premises 47 18 + 16 Operating Equipment - 3,581 + 6 Other assets 3/ + 655 (3,354) +3 ,561 TOTAL ASSETS 127,227 +18,177 L I A B I L I T I E S (1,656) Federal Reserve notes Deposits: Member bank-reserves account U.S. Treasury—general account Foreign Other 4/ Total deposits (1,698) Deferred availability cash items Other liabilities and accrued dividends (3,354) TOTAL LIABILITIES C A P I T A L 79,614 31,811 5,856 264 1,063 38,994 5,496 1,140 125,244 + 205 +3 ,793 464 + 37 71 +3 ,295 + 461 9 +3 ,952 + 6,548 +4,793 + 5,856 + 5 + 398 +11,052 + 349 + 157 +18,106 A C C O U N T S Capital paid in Surplus Other capital accounts 959 929 95 - 1 — — - 390 + + - 47 32 8 * Figures in parentheses are the eliminations made in the consolidating process. ** Estimated (Atlanta, Chicago, and San Francisco Districts). 1/ Excludes $714 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $90 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. AUGUST 4. 1976 (Acceptances and securities held under repurchase agreements are classified as Loans Within 15 days 16 days to 90 days 91 days to 1 year Over 1 year to 5 years Over 5 years to 10 years Over 10 years Total 755 14 • W a# Acceptances 536 197 66 — — mm mm mm 769 mm 799 U.S. Government securities Holdings Weekly changes 10,854 +4,721 16,092 -2,347 24,933 - 204 28,472 59 8,283 — — - — 4,657 +2,111 93,291 Federal Agency obligations Holdings Weekly changes 166 - 16 329 + 20 953 + 34 3,362 - 12 mm 1,468 — — 693 6,971 + 26 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 4, 1976 Total Boston New York Philadelphia ASSETS Gold certificate account Special Drawing Rights certif. acct. F.R. notes of other banks Other cash CleveRichmond * Atlanta * Chicago land (In millions of dollars) St. Louis 11,598 700 542 35 3,350 175 641 41 939 60 992 63 599 36 1,704 111 466 30 1,656 360 80 16 345 20 97 7 69 49 147 38 254 52 106 33 43 29 769 98 607 1 1 10 9 5 Minneapolis Kansas Citv San * Dallas Francisco 397 25 421 27 1,325 83 39 13 58 45 106 19 312 39 5 11 8 14 222 * 14 Loans Acceptances: Bought outright Held under repurchase agreements Federal Agency obligations-Bought outright Held under repurchase agreements U.S. Government securities: Bought outrightBills Certificates Notes Bonds 45,749 6.097 2,114 282 10,761 1,434 2,538 338 3,772 503 3,672 489 2,451 327 7,326 976 1,865 249 1,046 139 1,811 241 2,173 290 6,220 829 Total bought outright 1/2/ Held under repurchase agreements Total U.S. Government securities Total loans and securities 88,536 4,755 93,291 101,830 4,092 20,824 4,755 25,579 28,752 4,912 7,300 7,106 4,743 14,178 3,610 2,024 3,504 4,205 12,038 4,912 5,291 7.300 7,861 7,106 7,653 4,743 5,118 14,178 15,277 3,610 3,892 2,024 2,185 3,504 3,784 4,205 4,536 12,038 12,977 Cash items in process of collection Bank premises Operating Equipment Other assets 3/ Interdistrict settlement account 10,491 347 18 3,581 -0- 352 101 1,858 21 2 1,663 -2,593 270 57 3 158 - 278 524 24 3 194 + 958 1,673 32 967 14 1 156 - 516 1,111 16 550 13 4 97 + 70 440 32 1 58 + 23 790 16 + 97 25 662 12 2 118 + 168 1,294 9 2 395 +1,302 6,681 5,194 10,926 19,215 130,581 5,931 33,593 6,287 10,681 TOTAL * Estimated (Atlanta, Chicago, and San Francisco Districts). 1J Excludes $714 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $90 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. 3,027 5,237 6,071 17,738 i 320 479 -— 6,805 166 314 36,690 1,696 - - -- 320 479 — - - -- — — - - — — — -- — — — — 1,601 166 378 561 546 277 156 269 — — - - — - - - - 8,629 2,036 - — — —* 4,092 4,504 —— 112 + 189 — - - —— —— 2,945 3,025 —— — —— —* — + 173 155 1,090 365 1,965 5,876 - — -- —— —— — + 360 497 1,496 — —— 839 1,452 -- - - — — - - -- -- 323 925 — 1,742 -- —— 4,989 — -- H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON Total Boston New York Philadelphia Cleveland Richmond Atlanta * CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS St. Chicago Louis Minneapolis Kansas City * Dallas San Francisco * * (In millions of dollars) L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U.S. Treasury—general account Foreign . Other 2/ Total deposits Deferred availability cash items Other liabilities and accured dividends TOTAL LIABILITIES AUGUST 4, 1975 81,270 4,017 20,727 4,696 6,934 7,326 3,698 13,022 3,497 1,682 2,920 3,256 9,495 31,811 5,856 264 1 38,994 7,194 1,064 8,829 1,055 401 9 1/ 89 1 878 1,475 10,851 1,182 315 944 291 11 L 1,250 197 2,604 451 20 1 3,076 424 1,421 608 13 15 2,057 1,353 1,677 451 18 38 2,184 588 4,473 578 36 7 5,094 650 715 413 8 an 1,216 375 564 297 7 2 870 395 .1,156 372 10 . 2 1,540 656 1,774 406 13 19 6,590 533 30 16 7,169 610 1 , IAD 128,598 SI 5,858 33,081 55 6,198 76 10,510 78 10,814 57 6,527 1 5? 18,918 39 5,127 JU 2,971 38 5,154 2,212 449 65 5,962 204 17,478 959 929 95 35 35 3 248 239 25 43 42 4 83 81 7 53 52 7 75 72 7 144 142 11 32 31 4 27 26 3 40 39 4 53 52 4 118 16 130,581 5,931 33,593 6,287 10,681 10,926 6,681 19,215 5,194 3,027 5,237 6,071 17,738 126 FEDERAL RESERVE AGENTS' ACCOUNTS 85,029 4,158 21,441 5,000 7,142 7,585 4,419 13,314 3,673 1,749 3,060 3,412 10,076 11,596 394 542 35 3,350 175 641 939 992 — — 466 30 222 «• — 599 36 1,704 — — 396 18 420 27 1,325 59 —— —- — — 3,675 4,252 21,775 c 76,710 86,720 oc F.R. notes outstanding Collateral for F.R. notes: Gold certificate account Special Drawing Rights certif. acct. Acceptances U.S. Government securities Total collateral «• — 4,500 5,141 -- 6,360 7,299 — — 6,675 7,667 — — 4,000 4,635 * Estimated (Atlanta. Chicago, and San Francisco Districts)* If After deducting $175 million participations of other Federal Reserve Banks. 2/ Includes $12 million of certain deposits of foreign-owned banking institutions volunatarily held with member banks and redeposited in full with Federal Reserve Banks. * - » — — — 14 — — 11,800 3,250 1.610 13,504 3,746 1,846 — — 2,700 3,114 — — 3.010 3,457 —— 8.900 10,284
@FedFRASER