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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release H.4.1 March 18, 1976 Member bank reserves, Reserve Bank credit, and r e l a t e d i t e m s Reserve Bank credit: U.S. Government securities-Bought outright--System account Held under repurchase agreements Averages of daily figures Week ended Change from week ended Wednesday March 17, March 17, March 19, March 10, 1976 1975 1976 1976 (In millions of dollars) 2/3/ i/ 86,709 — Special Certificates Federal Agency obligations — Bought outright Held under repurchase agreements AcceptancesBought outright Held under repurchase agreements LoansTotal 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/ * +1 ,203 646 • o 612 - - -- - 41 8 - * * 85,260 500 6,036 262 950 3.217 96,225 26,078 7.541 33,760 33,516 244 6 —— . - + —— • — 2,451 3.347 99,768 11,599 500 10.436 122,303 - 515 9' 20 101 85,823 — + 1,626 6,607 —— + 8,860 6,607 47 585 126 2 73 8 •» •» + + + + 152 115 385 + + 6 392 458 130 +10,387 21 + 100 + 1.092 +11,557 + 473 + 7,386 -1 ,191 26 + 210 + 156 378 + 228 + 5,650 70 44 + 211 +13,362 85,462 500 9,531 234 982 3.220 99,929 1,805 914 750 974 + 224 22,898 7.541 30,580 33,516 - 2,936 - + - + + + 770 407 364 235 129 + 3,830 3.370 100,288 11,599 500 10.440 122,827 A net of $9 million of surplus reserves were eligible to be carried forward from the week ended March 10, into the week ending March 17. On March 17, 1976, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $43,411 million, a decrease of $761 million for the week. Net of $259 million, daily average, matched sale-purchase transactions outstanding during the statement week. Excludes $1,810 million of securities sold, and scheduled to bought back, under matched sale-purchase transactions. Includes $139 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes $10 million of certain deposits of foreign-owned banking institutions held with member banks and redeposited in full with Federal Reserve Banks in connection with voluntary participation by non-member institutions in the Federal Reserve System's program of credit restraint. Adjusted to include $141 million waivers of penalties for reserve deficiencies in accordance with Regulation D change effective November 19, 1975. Estimated (Treasury's figures). H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS Gold certificate account * Special Drawing Rights certif. acct. (1,720) Cash Loans Acceptances--Bought outright Held under repurchase agreements Federal Agency ob1igations--Bought outright Held under repurchase agreements U.S. Government securities: Bought outright—Bills Certificates Notes Bonds Total bought outright Held under repurchase agreements Total U.S. Government securities Total loans and securities Cash items in process of collection Bank premises Operating Equipment Other assets 3/ TOTAL ASSETS 1/2/ Wednesday March 17, 1976 11,,599 500 385 73 585 Change since March 19, March 10, 1975 1976 — — 21 — 4- 100 4- 36 9 781 4- 38 70 38 +1 j,626 — - - — - - +4,553 4- 286 + 24 - +4, 189 +2,,343 85,,823 +4 ,863 ,849 +6 j + 105 4-6,892 4"61,849 +7,,624 ,944 457 414 4- 138 +9;,892 106 +1 ,266 +4 ,231 21 446 +5 ,522 4-1,150 12 4-6,766 +6,,629 "5;,498 +7;,736 87 + 112 +2,,263 4* 751 49 +9:,652 (3,861) L I A B I L I T I E S (1,720) Federal Reserve notes Deposits: Member bank-reserves account U.S. Treasury--general account Foreign Other 4/ Total deposits (2,141) Deferred availability cash items Other liabilities and accrued dividends (3,861) TOTAL LIABILITIES 75 ,907 22 ,898 9 ,531 234 982 33 ,645 5 ,958 1 ,057 116 ,567 4- 941 929 293 44- 1 3/ 4/ 4- - - 4- 125 4- Contingent liability on acceptances purchased, for foreign correspondents 2/ — - - +4 ,863 +4 ,863 +1 ,932 + 1 * 1/ — 44;,684 5 ,878 85 93,,088 9: ,788 331 16 ,023 118 ,730 C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts 4- 317 - - - - — (2,141) , - - - - 6,,607 35,,261 ! 39 32 169 68 Figures in parentheses are the eliminations made in the consolidating process. Excludes $1,810 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. Includes $139 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes assets denominated in foreign currencies. Includes $10 million of certain deposits of foreign-owned banking institutions held with member banks and redeposited in full with Federal Reserve Banks in connection with voluntary participation by nonmember institutions in the Federal Reserve System's program of credit restraint. MATURITY DISTRIBUTIONS OF LOANS AND SECURITIES. MARCH 17, 1976 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) 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 Loans Acceptances 73 — — 118 322 145 — — - - — — - - - - — — — — 73 585 U.S. Government securities Holdings Weekly changes 4,029 4-1,555 15,765 4-2,872 23,160 4- 164 30,811 4- 185 7,620 463 4,438 424 85,823 4-4,863 Federal Agency obligations Weekly Holdings changes 4- 41 41 4- 69 277 917 -110 - 3,309 — — 1,415 — — 648 - 6,607 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MARCH 17, 1976 H.4.1(b) Total Boston New York Philadelphia CleveRichAtlanta mond land (In millions of dollars) Chicago St. Louis Minneapolis Kansas Citv San Dallas Francisco A S S E T S Gold certificate account Special Drawing Rights certif. acct. F.R. notes of other banks Other cash Loans Acceptances: Bought outright Held under repurchase agreements Federal Agency obligations-Bought outright Held under repurchase agreements U.S. Government securities: Bought o u t r i g h t Bills Certificates Notes Bonds 11,599 500 530 24 3,330 124 668 31 888 43 981 45 611 28 1,768 79 449 20 206 10 419 18 422 19 1,327 59 1,720 385 69 24 395 30 46 8 102 53 131 42 348 45 57 33 29 28 25 14 39 47 125 16 354 45 4 1 1 42 9 1 7 73 585 — 585 -- -- 6,607 307 — 35,261 8 ** — 1,640 - - -- 1,586 — 8,462 -- -- -- — — -— —— -- —— 388 522 — — 2,071 — 534 2,786 — 345 — —— 995 -- -- -- 2,849 1,841 5,311 — - —- -- — —— — — — —— 252 144 270 338 — — — — 1,343 — —— -— 770 —— 1,442 —— 926 1,802 4,944 -»«— 44,684 5.878 2,077 273 10,723 1,411 2,624 345 3,531 464 3,611 475 2,333 307 6,731 886 1,702 224 976 128 1,826 240 2,284 301 85,823 3,990 20,596 5,040 6,781 6,935 4,481 12,928 3,269 1,874 3,508 4,387 -- 6,266 824 Total bought outright 1/2/ Held under repurchase agreements Total U.S. Government securities Total loans and securities 85.823 93,088 3,990 4,297 20.596 22,767 5,040 5,436 6.781 7,303 6.935 7.469 4.481 4,830 12,928 13,924 3,269 3,522 1,874 2,060 3,508 3,787 4,387 4,726 12,034 12,967 Cash items in process of collection Bank premises Operating Equipment Other assets 3/ Interdistrict settlement account 11,929 331 16 3,023 -0- 462 94 481 54 3 91 - 264 640 25 3 113 + 144 1,836 26 + 223 +1,224 557 13 2 58 + 363 490 32 1 39 + 375 952 16 111 200 1,180 * 14 1 141 - 450 1,518 16 66 23 1,836 21 2 1,759 - 377 58 - 318 740 12 2 75 - 255 1,237 8 2 289 - 619 5.543 29.887 6.554 9.314 10.841 6.748 18.842 5.041 3.252 5,P18 9,892 15,*69 TOTAL 1/ 2/ ,3/ —— 122.591 — - — — —— —— —w — —- Excludes $1,810 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. Includes $139 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes assets denominated in foreign currencies. —— •» «w —— mm — 12,034 • H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MARCH 17, 1976 Total Boston New York Philadelphia CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Richmond Atlanta Chicago St. 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 Total deposits Deferred availability cash items Other liabilities and accured dividends TOTAL LIABILITIES Cleveland 77,627 3,857 22,898 9,531 234 982 33,645 8,099 739 504 9 1/ 1 1,253 303 19,6.78 4,501 6,690 7,060 3,824 12,280 3,334 1,602 2,712 2,973 9,116 4,700 2,524 59 831 8,114 1,304 1,078 430 11 3 1,522 370 1,260 611 20 1 1,892 469 1,164 858 13 23 2,058 1,507 1,699 408 18 37 2,162 506 3,693 1,452 36 4 5,185 907 752 475 8 1 1,236 362 662 451 7 2 1,122 445 1,024 365 10 2 1,401 775 1,464 762 13 60 2,299 442 4,663 691 30 17 5,401 709 1.057 120,428 48 5,461 239 29,335 58 6,451 76 9,127 88 10,713 96 6,588 143 18,515 36 4,968 24 3,193 40 4,928 48 5,762 161 15,387 941 929 293 35 35 12 242 239 71 43 42 18 82 81 24 53 52 23 73 72 15 143 142 42 32 31 10 27 26 6 39 39 12 53 52 15 119 118 45 122,591 5,543 29,887 6,554 9,314 10,841 6,748 18,842 5,041 3,252 5,018 5,882 15,669 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding Collateral for F.R. notes: Gold certificate account Special Drawing Rights certif. acct. Acceptances U.S. Government securities Total collateral 81,118 3,979 20,532 4,617 6,923 7,260 4,465 12,469 3,493 1,657 2,848 3,118 9,757 11,596 302 530 24 3,329 124 668 888 981 611 28 1,768 449 20 205 10 418 18 422 19 1,327 59 71.910 83,808 3.575 4,129 17.250 20,703 4.150 4,818 6.210 7,098 6.505 7,486 4.000 4,639 11.400 13,168 3.070 3,539 1.510 1,725 2.600 3,036 2.740 3,181 8.900 10,286 1J After deducting $175 million participations of other Federal Reserve Banks. 2/ Includes $10 million of certain deposits of foreign-owned banking institutions held with member banks and redeposited in full with Federal Reserve Banks in connection with voluntary participation by nonmember institutions in the Federal Reserve System's program of credit restraint.
@FedFRASER