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..'ofjipw-. FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release H.4.1 September 23, 1976 Averages of daily figures Week ended Change from week ended Wednesday Member bank reserves, Sept. 22, Sept. 15, Sept. 24^ Sept. 22, Reserve Bank credit, 1976 1 1975 1976 1975— and related items (In millions of dollars) 2/ Reserve Bank credit: 1/ U.S. Government securities-91,652 + 7,351 Bought outright--System account +3,154 90,329 2,884 Held under repurchase agreements +2,479 2,479 + 523 Federal Agency obligations-6,757 +.1,362 3 Bought outright 6,757 70 Held under repurchase agreements 137 64 + 64 Acceptances-225 454 Bought outright 21 232 201 + 143 Held under repurchase agreements + 318 318 Loans-51 351 Total member bank borrowing 17 44 33 Includes seasonal borrowing of: 38 + 1 29 —•» — — — — - Other borrowing 3,341 +.1,105 Float - 364 3,132 3,669 Other F.R. assets + 631 16 3,693 Total Reserve Bank credit 108,850 +10,173 +5,592 107,047 — — Gold Stock 11,598 1 11,598 Special Drawing Rights certif. acct. — — 700 200 + 700 Treasury currency outstanding 10,750 + 930 + 6 10,741 131,898 +11,302 +5,598 130,086 Currency in circulation Treasury cash holdings Treasury deposits with F.R. Banks Foreign deposits with F.R. Banks Other deposits with F.R. Banks 3/ Other F.R. liabilities and capital Member bank reserves: With Federal Reserve Banks Currency and coin Total reserves held 4/ Required reserves ~~ Excess reserves 4/ NOTE: JL/ 2y 3/ 4/ * * * 89,883 425 9,316 229 953 3,371 104,177 25,909 7,432 33,497 33,449 48 - 244 + 165 44,979 + 8,195 + 61 + 4,284 56 + 236 + 115 +12,835 89,826 425 10,841 230 877 3,363 105,562 + - -.1,533 + 257 - 1,120 - 1,135 + 15 26,336 7,432 33,924 33,449 475 - 457 __ +5,548 33 619 961 342 121 221 A net of $135 million of surplus reserves were eligible to be carried forward from the week ended September 15, into the week ending September 22. On September 22, 1976, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $49,835 million, a decrease of $21 million for the week. Net of $1,133 million, daily average, matched sale-purchase transactions outstanding during the statement week. Includes $125 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 $156 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. Estimated (Treasury's figures). H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Change since Wednesday September 22J Sept. 15, Sept. 24, 1976 1976 1975 A S S E T S — 11,598 1 Gold certificate account * 700 4- 200 - Special Drawing Rights certif. acct, — 360 30 (1,723) Cash 51 117 -1 ,351 Loans 225 20 457 Acceptances--Bought outright 201 4- 201 4Held under repurchase agreements 9 6,757 4-1,362 Federal Agency obligations--Bought outright - 470 70 350 Held under repurchase agreements U.S. Government securities: 38,705 +3 ,782 4-3,948 Bought outright--Bills — - - Certificates 4- 567 46,482 4-3,082 Notes 6,465 + 54 4-1,361 Bonds + 4 ,403 +2 ,884 +7 ,287 +7 ,421 -1 ,441 (3,746) 91,652 2,884 94,536 101,840 8,866 353 22 3,294 127,033 482 +6 ,062 4-8,391 -1 ,329 4-7,062 +6 ,275 4-1,477 448 418 4- 555 4-8,542 L I A B I L I T I E S (1,723) Federal Reserve notes Deposits: Member bank-reserves account U.S. Treasury—general account Foreign Other 3/ Total deposits (2,023) Deferred availability cash items Other liabilities and accrued dividends (3,746) TOTAL LIABILITIES 79,861 26,336 10,841 230 877 38,284 5,525 1,081 124,751 524 +2 ,370 +5 ,157 97 235 4-7,195 689 36 4-5,946 4-7,240 -3 ,027 4-3,592 4 4- 217 4- 778 4- 542 107 4-8,453 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 2/ TOTAL ASSETS 1/ (2,023) C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts * 1/ 2/ 3/ 965 929 388 — - - - - - 4- 116 444- 51 32 6 Figures in parentheses are the eliminations made in the consolidating process. Includes $125 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes assets denominated in foreign currencies. 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. SEPTEMBER 22. 1976 (Acceptances and securities held under repurchase agreements are classified as 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 41 10 284 135 7 — — — - - — - - — 51 426 U.S. Government securities Holdings Weekly changes 7,663 4-3,641 16,908 +2,236 26,010 4- 829 29,034 4- 340 9,896 4- 187 5,025 454 94,536 4-7,287 Federal Agency obligations Holdings Weekly changes 102 4-102 383 - 32 — — 967 - 3,267 — — 1,415 — 693 6,827 4- 70 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER 22, 1976 H.4.1(b) 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 outright-Bills Certificates Notes Bonds Total bought outright V 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 2/ Interdistrict settlement account TOTAL * 1/ 2/ 11,598 700 542 35 3,350 175 641 41 939 60 992 63 599 36 1,704 111 466 30 222 14 397 25 421 27 1,325 83 1,723 360 99 17 374 25 116 11 64 50 179 39 260 44 87 32 69 28 38 13 47 44 109 21 281 36 11 12 51 225 201 225 201 312 1,589 70 375 557 542 362 1,082 276 155 267 321 919 6,757 70 1,788 9,104 2,147 3,192 3,106 2,073 6,199 1,578 885 1,532 1,838 5,263 38,705 46,482 6,465 2,148 299 10,933 1,520 2,579 359 3,832 533 3,731 519 2,490 346 7,443 1.035 1,895 264 1,063 148 1,840 256 2,208 307 6,320 879 91,652 2.884 94.536 101,840 4,235 21,557 2,884 24.441 26,531 5,085 7,557 7,356 4,909 14,677 3,737 2,096 3,628 4,353 12,462 8,115 7.356 7,902 4,909 5,280 14.677 15,761 3,737 4,016 2,096 2,254 3,628 3,906 4.353 4,686 12,462 13,381 10,889 353 22 3,294 399 103 1,519 21 2 1,599 + 375 347 58 3 152 - 161 1,668 35 1,387 16 153 361 854 14 1 156 779 314 -344 510 13 4 74 + 221 422 31 1 52 + 263 1,001 17 — 79 + 146 752 12 4 107 4- 647 1,424 9 4 349 - 132 10,670 6,465 19,068 5,431 3,310 5,662 6,786 16,760 -0- 4.235 4,547 + 96 49 5,085 5,461 606 t 24 3 163 76 10,100 - Less than $500,000. securities pledged with Federal Reserve Banks. Includes $125 million securities loaned—fully secured by U.S. Government Includes assets denominated in foreign currencies. H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON 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 2/ Total deposits Deferred availability cash items Other liabilities and accured dividends TOTAL LIABILITIES Cleveland SEPTEMBER 22, 1976 81,584 4,025 20,841 4,662 7,013 7,364 3,625 13,316 3,479 1,659 2,892 3,255 9,453 26,336 10,841 230 877 38,284 7 ,5 4 8 861 511 9 1,009 577 11 2 1,599 242 1,465 853 20 1 2,339 472 1,433 251 13 19 1,716 1,379 1,748 366 18 44 2,176 438 3,549 881 36 6 4,472 778 893 583 8 1,381 347 6,767 3,612 y 55 774 11,208 1,057 1,484 351 689 467 7 1 1,164 399 1,194 624 10 2 1,830 809 1,766 1,068 13 14 2,861 500 4,962 1,048 30 14 6,054 776 1,081 128,497 49 5,802 281 33,387 61 6,564 81 9,905 76 10,535 59 6,298 155 18,721 39 5,353 24 3,246 38 5,569 46 6,662 172 16,455 35 35 15 248 239 97 43 42 20 83 81 31 54 52 29 75 72 20 145 142 60 32 31 15 28 26 10 54 52 18 128 118 59 5,887 33,971 6,669 10,100 10,670 6,465 19,068 5,431 3,310 5,662 6,786 16,760 - - 1i 965 !1 929 |i 388 130,779 - — 40 39 14 __ 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 85,653 4,206 21,601 4,954 7,217 7,668 4,317 13,583 3,666 '1,726 3,Ub/ J,4b8 10,180 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 2,700 3,114 3,060 3,507 —- 75,230 87,220 — 3,675 4,252 —- 18,250 21,775 — - - 4,500 5,141 - - - 6,360 7,299 - - - 6,725 7,717 — — 4,000 4,635 - - -- - - 12,000 13,704 3,250 3,746 1,610 1,846 * Less than $500,000. 1/ 2/ After deducting $175 million participations of other 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. — — 9,100 10,484
@FedFRASER