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i^fc FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release September 30, 1976 Averages of daily figures Week ended Change from week ended Wednesday Member bank reserves, sept, zz, 1 Oct. 1, Sept. 29, Sept. 29, Reserve Bank credit, 1976 * 1976 1976 * 1 1975 and related items 2/ 3/ 1/ (In millions of dollars) Reserve Bank credit: U.S. Government securities-+1,166 + 7,691 . 91,319 91,495 Bought outright—System account +2,192 + 1,097 4,671 7,905 Held under repurchase agreements Federal Agency obligations-— + 1,249 6,757 6,757 Bought outright + 82 160 146 295 Held under repurchase agreements Acceptances-215 17 487 212 Bought outright 388 70 + + 93 507 Held under repurchase agreements Loans-88 44 + 493 324 Total member bank borrowing 34 + 5 39 41 Includes seasonal borrowing of : — — - - Other borrowing 2,438 - 698 + 818 2,902 Float 3,674 19 + 529 Other F.R. assets 3,747 Total Reserve Bank credit 109,873 +2,822 +10,338 113,968 11,598 — Gold Stock 1 11,598 Special Drawing Rights certif. acct. 700 - + 200 700 Treasury currency outstanding 10,753 + 12 + 917 10,757 132,924 +2,834 +11,454 137,023 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: ** ** 89,450 425 12,303 220 914 3,529 106,841 26,083 8,360 34,600 34,374 226 - 433 +2,987 9 39 + 158 +2,664 +• 8,039 + 51 + 4,890 57 + 264 + 66 +13 *>253 89,765 425 12,212 245 920 3,649 107,216 + 170 + 928 +1,099 + 925 + 174 - 1,800 + 799 844 608 236 29,807 8,360 38,324 34,374 3,950 - — A net of $62 million of surplus reserves were eligible to be carried forward from the week ended September 22, into the week ending September 29. On September 29, 1976, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $49,219 million, a decrease of $616 million for the week. 1/ Net of $482 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $881 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $100 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 $157 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. * Estimated (Dallas District). ** 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 29, Sept. 22, October 1, Gold certificate account * Special Drawing Rights certif. acct. (1,683) 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 11 ,598 700 365 324 212 507 6 ,757 295 38 ,372 + + - + — — - - - + 5 273 13 306 - - + 225 - 333 — — 46 ,482 6 ,465 - + + 1 200 36 291 492 274 968 — + 3 ,005 - - - - — — + 3 ,082 + 1 ,361 - - +4.860 + 7 ,448 + 4 ,897 + 1 2 ,345 + 1 2 ,804 233 + 46 + 22 + 433 +13 ,235 L I A B I L I T I E S (1,683) Federal Reserve notes Deposits: Member bank-reserves account U.S. Treasury—general account Foreign Other 4/ Total deposits (1,776) Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES 79 ,798 29 ,807 12 ,212 245 920 43 ,184 5 ,262 1 ,248 129 ,492 63 + 3 ,471 + 1 ,371 + 15 + 43 + 4 ,900 263 + 167 + 4 ,741 + 7 ,162 + 1 ,658 + 4 ,575 38 + 96 + 6 ,291 450 + 81 +13 ,084 1/2/ (1,776) 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/ 4/ 965 929 507 IJ 333 + 5 ,021 +4 +5 ,479 702 + 1 + 4 + 73 (3,459) 91 ,319 7 ,905 99 ,224 107 ,319 8 ,164 354 26 3 ,367 131 ,893 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 — + + 119 + - - + 51 32 68 Figures in parentheses are the eliminations made in the consolidating process. Estimated (Dallas District). Excludes $881 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. Includes $100 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, SF.PTF.MRF.~R ?Q, 1Q76 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days In accordance with maximum maturity of the agreements.) 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 Acceptances 311 13 569 109 41 324 719 U.S. Government securities Holdings Weekly changes 12,142 +4,479 17,066 + 158 26,061 + 51 29,034 9,896 -5,025 —— 99,224 44,688 Federal Agency obligations Weekly Holdings changes? 327 +225 383 967 3,267 1,415 -693 —— 7,052 +225 H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER 29, 1976 Total Boston New York Philadelphia CleveRichAtlanta mond land (In millions of dollars) Chicago St. Louis Minneapolis •I ** 1 San Kansas | Dallas (Francisco Citv A S S E T S Gold certificate account Special Drawing Rights certif. acct. F.R. notes of other banks Other cash 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 1,683 365 100 17 383 24 109 11 68 49 168 41 199 45 88 33 64 28 37 13 44 44 140 21 283 39 324 43 226 • — 1 2 13 3 4 4 15 13 * 212 507 — 1,082 276 155 267 321 919 6,145 1,564 877 1,519 1,823 5,217 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 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 Total bought outright 1/2/ Held under repurchase agreements Total U.S. Government securities Total loans and securities 91,319 7,905 99.224 107,319 4,220 21,479 7,905 29,384 32,213 5,067 7,529 7,330 4,891 14,623 3,723 2,088 3,615 4,338 12,416 «• *» — •» 5,067 5,442 7,529 8,087 7,330 7,874 4.891 5,266 14,623 15,708 3,723 4,003 2.088 2,247 3,615 3,897 4,338 4,672 12,416 13,335 250 58 3 159 + 107 1,482 36 + 310 200 440 13 4 77 + 373 482 31 1 51 + 125 843 17 147 237 813 14 1 136 - 539 1,313 16 + 483 24 3 166 674 80 + 350 698 12 4 108 +1,006 1,147 9 4 414 +1,389 6.821 10.553 10.566 6.570 19.483 5.498 3.223 5,W7 7.109 19,929 Cash items in process of collection Bank premises Operating Equipment Other assets 3/ Interdlstrict settlement account TOTAL * ** 1/ 2/ 3/ — 6,757 295 312 38,372 1,773 - - — —— ** •» 4,220 4,575 212 507 - - — - - — — — — — 1,589 295 375 557 542 362 9,026 2,129 —- 9,940 354 26 3,367 -0- 97 + 541 1,638 21 6 1,622 -3,989 135.352 9,361 95,44) 351 103 - - - - - - 3,164 —— 3,080 - - — —— — - - - 2,055 - - — — — — — Less than $500,000. Estimated (Dallas District). Excludes $881 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. includes $100 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes assets denominated in foreign currencies. — — - - — - - - - * — — H.A.l(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER 29, 1976 Total Boston New York Philadelphia CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS land 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/ Trxf* 1 deposits #9 AM A M i 4. . lotai Deferred availability cash items Other liabilities and accured dividends TOTAL LIABILITIES Cleve- 81,481 4,022 20,866 4,653 7,023 7,374 3,530 13,335 3,478 1,650 2,886 3,243 9,421 29,807 12,212 245 920 43,184 7,038 1,042 836 9 1 1,888 311 8,315 3,309 1/ 70 816 12,510 1,113 1,064 719 11 1 1,795 204 1,907 923 20 1 2,851 394 1,242 450 13 18 1,723 1,249 1,582 727 18 43 2,370 439 4,094 697 36 6 4,833 797 832 759 8 1,163 834 10 1,599 300 673 377 7 1 1,058 425 2,007 669 1,843 1,334 13 11 3,201 490 6,050 1,247 30 22 7,349 647 1,248 132,951 965 j 929 i 507 135,352 49 339 0,Z/U J4,8Zb 58 6,710 80 10,348 75 10,421 58 6,397 153 19,118 39 5,416 24 3,157 38 5,600 45 6,979 290 17,707 35 35 21 248 239 128 43 42 26 83 81 41 54 52 39 75 72 26 145 142 78 32 31 19 28 26 12 40 39 18 54 52 24 128 118 75 6,361 35,443 6,821 10,553 10,566 6,570 19,483 5,498 3,223 5,697 7,109 18,028 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 * Estimated (Dallas District). 85,571 4,196 21,626 4 ,969 7,219 7,,645 4,278 13,583 3,660 1,720 3,056 3,462 10,157 11,595 394 542 35 3,350 175 641 939 992 599 36 1,704 466 30 221 14 396 18 420 27 1,325 59 75,210 87,219 1 67R 4,252 ift 21,775 795 7, 717 l nnn 4,635 4 , 500 5:,141 6,360 . 7,299 i 9 nnn i 9sn 1.610 2. 700 3.060 9 100 13,704 3,746 1,845 3,114 3,507 10,484
@FedFRASER