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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release S e p t e m b e r 16, 1976 Member bank reserves, Reserve B a n k c r e d i t , and related items Reserve B a n k credit: U . S . Government s e c u r i t i e s - Bought o u t r i g h t — S y s t e m account Held under r e p u r c h a s e agreements Federal Agency obligations-Bought outright Held under r e p u r c h a s e agreements Acceptances-Bought outright Held under r e p u r c h a s e agreements Loans-Total m e m b e r b a n k b o r r o w i n g Includes seasonal b o r r o w i n g of: Other b o r r o w i n g Float Other F . R . assets Total R e s e r v e B a n k credit Gold S t o c k Special D r a w i n g R i g h t s c e r t i f . acct. Treasury currency outstanding C u r r e n c y in c i r c u l a t i o n T r e a s u r y cash h o l d i n g s Treasury deposits with F.R. Banks Foreign deposits with F.R. Banks Other d e p o s i t s w i t h F . R . B a n k s 4/ Other F . R . l i a b i l i t i e s and capital Member b a n k reserves: With F e d e r a l R e s e r v e B a n k s C u r r e n c y and coin Total r e s e r v e s held 5/ Required r e s e r v e s ~ Excess r e s e r v e s 5/ NOTE: A v e r a g e s of d a i l y f i g u r e s C h a n g e from w e e k ended W e d n e s d a y W e e k ended S e p t . 15,* S e p t . 8, S e p t . 17, Sept. 15,* 1976 1976 1976 1975 (In m i l l i o n s of d o l l a r s ) 2/ 3/ 1/ 87,175 — 6,760 -3.,324 107 - — 253 - — - 61 28 + — 3,542 3,716 101,507 11,598 700 10,735 124,540 ** ** 18 4 + 4 9 - 15 2 -• 1,,365 37 6,,757 401 52 245 266 33 168 28 - — — — + 15 - 2 ,153 — - - — 4-1 ,072 4- 211 - 2 ,168 87, 249 4 - 6 ,,104 783 -h 1 ;,688 4619 + '8;,238 1 4200 4946 4- 9 ,382 4,,027 3 ,634 102 ,080 11:,598 700 10 ,738 125 ,116 90,344 425 3,768 262 1,197 3,200 99,195 4- 458 25 -2 ,967 5 4- 135 + 105 -2 ,300 4- 8 ,178 471 4- 2 ,587 64 4~ 251 -h 131 4-11 ,154 90 ,362 425 5 ,684 327 1 ,112 3 ,240 101 ,150 25,345 8,393 33,894 33,570 324 44444- - 1 ,771 4957 658 715 457 23 ,966 8 ,393 32 ,515 33 ,570 1 ,055 - 147 161 315 263 52 A net of $159 m i l l i o n of surplus r e s e r v e s w e r e e l i g i b l e to be c a r r i e d forward from the w e e k ended September 8, into the w e e k ending September 15. 1/ 2/ 3/ 4/ 5/ * ** O n September 15, 1976, m a r k e t a b l e U.S. Government s e c u r i t i e s held in custody by the F e d e r a l R e s e r v e Banks for f o r e i g n and international accounts were $49,856 m i l l i o n , an increase of $337 million for the w e e k . Net of $3,483 million, daily average, m a t c h e d s a l e - p u r c h a s e t r a n s a c t i o n s outstanding during the statement w e e k . E x c l u d e s $3,409 million of securities sold, and scheduled to be b o u g h t back, under matched sale-purchase t r a n s a c t i o n s . I n c l u d e s $ 7 4 million securities loaned--fully secured by U.S. Government securities pledged w i t h F e d e r a l R e s e r v e B a n k s . I n c l u d e s $12 m i l l i o n of certain d e p o s i t s of f o r e i g n - o w n e d b a n k i n g institutions voluntarily held w i t h m e m b e r b a n k s and r e d e p o s i t e d in full with Federal R e s e r v e Banks. A d j u s t e d to include $156 million w a i v e r s of p e n a l t i e s for reserve d e f i c i e n c i e s in accordance w i t h Board p o l i c y e f f e c t i v e N o v e m b e r 19, 1975. Estimated Estimated (Kansas City and San F r a n c i s c o D i s t r i c t s ) . (Treasury's figures.) ff. 4". 1(a)' ~ CONSOLIDATES STATEMENT OP CONDITION OF ALL FEDERAL RESERVE "BANKS' A S S E T S Gold c e r t i f i c a t e account Special D r a w i n g R i g h t s certif. acct Cash Wednesday S e p t . 15, 1976** * (1,531) Loans A c c e p t a n c e s — B o u g h t outright Held u n d e r r e p u r c h a s e agreements Federal Agency obligations--Bought outright Held u n d e r r e p u r c h a s e agreements U . S . G o v e r n m e n t securities: Bought outright--Bills Certificates • Notes Bonds Total b o u g h t outright Held u n d e r repurchase agreements Total U . S . G o v e r n m e n t securities Total l o a n s and securities C a s h items in process of c o l l e c t i o n Bank premises Operating Equipment Other assets £/ TOTAL ASSETS L I A B I L I T I E S Federal Reserve notes Deposits: M e m b e r b a n k - r e s e r v e s account U . S . T r e a s u r y - g e n e r a l account Foreign 4/ Other Total deposits D e f e r r e d a v a i l a b i l i t y cash items O t h e r l i a b i l i t i e s and accrued d i v i d e n d s TOTAL LIABILITIES 11,598 700 360 168 245 C h a n g e since S e p t . 8, S e p t . 17, 1976 1975 — — + + — — 6,757 U2J (3,730) (1,531) (2,199) (3,730) C A P I T A L A C C O U N T S Capital paid in Surplus Other c a p i t a l accounts 10 127 13 63 21 25 + 12 170 406 — mm + 1,362 34,923 -2,293 + -3,249 45,915 6,411 •* — + -2,758 + -1,431 87,249 - - (2,199) 1 200 — mm -2,293 753 -3,046 -3,041 +2,393 1 + 87,249 94,419 11,109 353 22 3,259 121,820 + - 80,409 23,966 5,684 327 1,112 31,089 7,082 1,071 119,651 213 -4 ,184 +2 ,263 + 35 + 145 - 1 ,741 + 1 ,211 + 6 737 - 965 929 275 — — 11 626 - - - + 111 + -7,438 + 7,438 + •8,224 + 2,572 + 47 + 18 + 494 +11,542 + 7,316 942 + 3,263 + 85 + 258 + 2,664 + 1,382 + 97 +11,459 - + + + 49 32 2 * \J F i g u r e s in parentheses are the eliminations m a d e in the c o n s o l i d a t i n g p r o c e s s . E x c l u d e s $3,409 m i l l i o n of securities sold, and scheduled to be bought back, u n d e r m a t c h e d sale-purchase transactions. 2J Includes $74 m i l l i o n securities l o a n e d — f u l l y secured by U . S . G o v e r n m e n t s e c u r i t i e s pledged w i t h F e d e r a l R e s e r v e Banks. 3/ Includes a s s e t s denominated in foreign currencies. 4/ Includes $12 m i l l i o n of certain depostis of foreign-owned b a n k i n g institutions v o l u n t a r i l y held w i t h m e m b e r banks and redeposited in full w i t h F e d e r a l R e s e r v e Banks. ** E s t i m a t e d (Kansas City and S a n F r a n c i s c o D i s t r i c t s ) . M A T U R I T Y DISTRIBUTION: OF L O A N S A N D S E C U R I T I E S . SEPTEMBER 15, 1976 ( A c c e p t a n c e s and securities held under r e p u r c h a s e a g r e e m e n t s are classified as m a t u r i n g w i t h i n 15 d a y s in a c c o r d a n c e w i t h m a x i m u m m a t u r i t y of the agreements.) Loans W i t h i n 15 d a y s 16 d a y s to 9 0 d a y s 91 d a y s to 1 year Over 1 year to 5 y e a r s Over 5 y e a r s to 10 y e a r s O v e r 10 y e a r s Total 156 12 168 Acceptances 54 151 40 245 U.S. Government securities Weekly Holdings changes 4,022 14,672 25,181 28,694 9,709 4,971 87,249 - 618 -1,584 - 844 -3,046 Federal A g e n c y obligations Weekly Holdings changes 415 967 3,267 1,415 693 6,757 -106 +139 - 14 4- 22 - 87 - 46 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER 15, 1976 Total Boston New York Philadelphia RichCleveAtlanta mond land (In millions of dollars) Chicago St. Louis Minneapolis Kansas City* 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 11,598 542 3,350 641 939 992 599 1,704 466 222 397 421 1,325 700 35 175 41 60 63 36 111 30 14 25 27 83 1,531 360 84 16 338 25 87 11 51 50 169 39 234 44 75 31 56 29 33 13 75 46 128 19 201 37 168 7 2 -» — 1 9 101 1 3 10 14 20 245 -- —— 245 -- -- 312 6,757 1,589 375 557 542 362 1,082 276 155 267 321 919 2,803 1,871 5,592 1,424 798 1,382 1,659 4,748 - - 34,923 1,614 —— —- 8,215 1,937 —- - - 2,880 — — - - — -- 45,915 6,411 2,122 296 10,799 1,508 2,548 356 3,786 528 3,685 515 2,459 343 7,353 1,027 1,872 261 1,050 147 1,817 254 2,181 304 6,243 872 Total bought outright 1/2/ Held under repurchase agreements Total U.S. Government securities Total loans and securities 87,249 4,032 20,522 4,841 7,194 7,003 4,673 13,972 3,557 1,995 3,453 4,144 11,863 87,249 94,419 4,032 4,351 20,522 22,358 4,841 5,216 7,194 7,752 7,003 7,545 4,673 5,044 13,972 15,155 3,557 3,834 1,995 2,153 3,453 3,730 4,144 4,479 11,863 12,802 Cash items in process of collection Bank premises Operating Equipment Other assets 3/ Interdistrict settlement account 13,308 353 22 3,259 -0- 435 103 1,945 21 2 1,589 +2.408 305 58 3 139 - 427 688 24 3 164 - 18 1,990 35 1,051 14 1 143 - 786 1,561 16 553 13 4 71 + 15 484 31 1 54 + 25 1,067 17 78 - 293 724 12 4 93 + 301 2,505 9 4 382 - 975 5 071 i mn 5,142— 6,208 16,373 — -- — + 88 47 - - —— — - - 141 - 213 317 - 84 125,550 18,886 32,211 10.761 5,701 6,074 9.713 6,380 TOTAL 1/ Excludes $3,409 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $74 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. * Estimated (Kansas City and San Francisco Districts). -- -- — — H.4.1(c) STATEMENT OF CONDITION OF EACH F E D E R A L RESERVE BANK ON SEPTEMBER 15, 1976 Total Boston New York Philadelphia CAPITAL A C C O U N T S Capital paid in Surplus Other capital accounts TOTAL LIABILITIES A N D CAPITAL ACCOUNTS Richmond Atlanta Chicago St. Louis Minneapolis Kansas City * Dallas San Francisco 81,940 4,044 20,859 4,688 7,019 7,392 3,698 13,344 3,492 1,664 2,928 3,229 9,583 23,966 5,684 327 1.112 31,089 835 278 9 2 1,124 6,423 1,802 1/ 152 1,001 9,378 716 257 11 7 991 1,484 418 20 1 M 2 3 1,103 338 13 20 1,4/4 1,607 307 18 41 1,9/3 3,468 653 36 7 813 283 8 634 181 7 -- -- 1,070 149 10 2 1,879 380 13 13 3,934 638 30 18 9,281 405 1,189 240 508 1,695 486 4,lb4 903 1,104 364 822 459 1,231857 2,285 531 4,620 1,644 1,071 48 230 57 77 74 61 147 38 24 36 44 235 5,621 31,656 5,976 9,527 10,635 6,218 18,558 4,998 2,969 5,052 b,ut$y 16,082 35 35 10 248 239 68 43 42 13 83 81 22 54 52 20 75 72 15 145 142 41 32 31 10 28 26 7 40 39 11 54 52 13 128 118 45 5,701 32,211 6,074 9,713 10,761 6,380 18,886 5,071 3,030 5,142 6,208 16,373 123,381 965 929 275 125,550 | | 1 ! | F E D E R A L 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 85,,538 4,214 21,,557 4,966 r ,189 7:,648 4,,343 13,,578 3;,673 1,,729 3,,066 3 ,406 10,,169 11,,596 394 542 35 3,,350 175 641 939 992 599 36 1,,704 466 30 222 14 396 18 420 27 1:,325 59 3,675 18,,250 4,500 6 ,360 6 ,725 4,,000 12,,000 3 ,250 1 ,610 2;,700 3 ,010 9,.100 5,141 7 ,299 7 ,717 4.,635 13.,704 3 ,746 1 ,846 3 ,114 3 ,457 10 ;,484 — «• mm w 75,,180 L . . J B 7 ,,170 4.252 21 ,775 * Estimated (Kansas City and San Francisco Districts). 1/ After deducting $175 million participations of other Federal Reserve Banks 2/ Include $12 million of certain deposits of foreign-owned banking institutions voluntarily held with member banks and redeposited in full with Federal Reserve Banks. * (In millions of dollars) L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U.S. T r e a s u r y — g e n e r a l account Foreign Other 2/ Total deposits Deferred availability cash items Other liabilities and accured dividends T/'YPAT T A TIT T T T T T 7 C 1U1AL TLlAiJlLlilr.0 Cleveland tm mm mm — —— —— — - - -
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