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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release September 9, 1976 Averages of daily figures Week ended Change from week ended Wednesday Sept. 1, Sept. 8, 1 Sept. 10, Sept. 8, 1976 1976 1976 1975 1 2/ 3/ 1/ (In millions of dollars) Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U.S. Government securities-Bought o u t r i g h t — S y s t e m account Held under repurchase agreements Federal Agency o b l i g a t i o n s 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: 90,499 107 + + 9,242 + . 89,542 107 753 6,778 4 - 115 + 1,382 + 4 6,778 25 257 9 - 8 496 + 404 8 258 63 339 24 41 29 - - 46 30 47 2 — — - - 2,461 3,505 103,666 11,598 700 10,720 126,684 * * 74 -3,226 89,886 450 6,735 267 1,062 3,095 101,495 25,189 8,232 33,570 33,307 263 - 147 - 152 -4,117 — — - - + 8 -4,108 + 630 — — -3,391 + 8 - 183 - 443 -3,379 + - 730 222 508 465 43 - —1 — - — + 425 + 505 +10,930 + 200 + 955 +12,084 2,845 3,622 103,927 11,598 700 10,733 126,958 + 7,644 + 91 + 5,333 84 + 222 + 182 +13,388 90,555 450 3,421 292 967 3,123 98,808 - 1,304 + 627 528 797 + 269 28,150 8,232 36,531 33,307 3,224 — — A net of $ 154 million of surplus reserves were eligible to be carried forward from the week ended September 1, into the week ending September 8. On September 8, 1976, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $49,519 million, an increase of $979 million for the week. 1/ 2/ 3/ 4/ 5/ * Net of $159 million, daily average, matched sale-purchase transactions outstanding during the statement week. Excludes $1,116 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. Includes $101 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes $9 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 $ 149 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 A S S E T S Gold certificate account Special Drawing Rights certif. acct. * Cash (1,275) 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 Wednesday September 8, 1976 11,598 700 350 41 258 63 6,778 25 37,216 Change since Sept. 10, Sept . 1, 1976 1975 — 1 — + 200 12 9 230 1,654 — — 393 + 62 547 - + 1,383 + 195 25 - 45,915 6,411 88 + 5,058 __ + 3,103 + 1,542 — — 88 -4;,901 -4;,989 -5,,961 49 + 2 (2,779) 89,542 753 90 s 295 97,460 8,716 352 22 3,248 122,446 L I A B I L I T I E S Federal Reserve notes (1,275) Deposits: Member bank-reserves account U.S. Treasury--general account Foreign Other _ty Total deposits Deferred availability cash items (1,504) Other liabilities and accrued dividends TOTAL LIABILITIES (2,779) 80,622 28,150 3,421 292 967 32,830 5,871 1,065 120,388 + 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 \ j TOTAL ASSETS \JZJ (1,504) C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts * V 2/ 3J 4/ 965 929 164 — — 908 -6.,928 - 880 315 -6 ,538 + 76 -1,,260 -8,,037 + 516 + 28 -6, 613 - __ — * - + 9,703 + 753 +10,456 + 9,879 + 1,416 + 46 + 18 + 435 +11,984 + 7,192 + 527 + 3,016 3 69 + 3,471 + 1,147 + 99 +11,909 + + 49 32 315 Figures in parentheses are the eliminations made in the consolidating process. Excludes $1,116 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. Includes $101 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes assets denominated in foreign currencies. Includes $9 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 8. 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 36 5 112 165 44 - — — — - — 41 321 U.S. Government securities Holdings Weekly changes 4,640 -3,788 16,256 -1,172 26,025 29 — 28,694 9,709 — 4,971 90,295 -4,989 Federal Agency obligations Holdings Weekly changes 106 -195 276 + 68 981 - 68 — — 3,245 - — 1,502 —— 693 6,803 -195 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER 8, 1976 H.4.1(b) Total Boston Philadelphia New York I Cleve- 1 RichAtlanta 1 Chicago 1 land 1 mond (In millions of dollars) St. Louis | S an Kansas | Dallas 1 Francisco Citv 1 Minne1 anolis 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 1,275 350 89 15 306 23 79 10 45 50 146 38 106 42 67 32 43 28 37 13 62 45 84 18 211 36 41 * 4 1 * 13 1 -- 3 11 8 * -- 258 63 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 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 5,060 -6,243 872 Total bought outright 1/2/ Held under repurchase agreements Total U.S. Government securities Total loans and securities 89,542 753 90.295 97,460 4,138 21:,061 753 21,,814 23,758 4.,968 7,383 7,187 2,047 12,175 7,187 7,731 3,651 3,927 2;,047 2 ,205 3,,544 -3 .544 3:,823 4,253 7,383 7,943 14,339 -14,339 15,426 3,651 4..968 5,,344 4j,796 -4 1.796 5,,172 4,253 4,583 12,175 13,097 Cash items in process of collection Bank premises Operating Equipment Other assets 3/ Interdistrict settlement account 10,220 352 22 3,248 -0- 245 58 3 156 537 583 24 3 158 + 130 1,659 34 323 Ill 381 13 4 72 - 66 440 31 1 49 - 88 916 16 147 272 1 :,060 14 1 131 -1..098 1,417 16 84 - 110 1,643 21 2 1,495 +2 ,579 - 76 295 567 12 4 120 - 113 973 9 4 437 19 125.225 5.546 33 ,352 6.040 , 9,935 __.10,,53& 6,,063 18,985 4,898 2 ,924 5,,065 5,723 16,156 TOTAL * if 2/ 3/ 258 63 6,778 25 313 37,216 1,720 — — —— — — — -- 376 1,,594 25 — — — 544 559 363 1,086 -- 276 155 268 " " 8,,754 ,064 2! <— •» mm mm 4.138 4,451 336 104 * — - 3,069 2,987 — — — — — — — * - 1,,994 5,959 — — — — — - Less than $500,000. Excludes $1,116 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. Includes $101 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes assets denominated in foreign currencies. —— — — 1,518 — " " 850 1= ,473 — — — — * 322 922 " 1,768 — - — -- STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER Total Boston New York Philadelphia CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Richmond Atlanta Chicago St. Louis Mi nneapolis 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 81,897 4,039 20,893 4,681 6,995 7,379 3,614 13,318 3,500 1,669 2,943 3,250 9,616 28,150 3,421 292 . .... 967 32,830 7,375 869 190 9 * 1,068 315 9,247 395 1/ 117 861 10,620 1,065 716 293 11 1 1,021 188 1,899 318 20 1 2,238 447 1,313 149 13 22 1,497 1,462 1,345 256 18 39 1,658 577 3,997 374 36 7 4,414 791 725 272 8 1 1,006 284 559 191 7 * 757 412 955 253 10 2 1,220 780 1,520 345 13 19 1,897 417 5,005 385 30 5,434 637 82 ....... 1.065 123,167 49 246 5,470 32,824 5,948 9,758 10,420 58 5,907 152 18,675 39 4,829 27 2,865 37 4,980 45 5,609 195 15,882 965 929 164 35 35 6 248 239 41 43 42 7 83 81 13 54 52 12 75 72 9 145 142 23 32 31 6 28 26 5 40 39 6 54 52 g 128 118 125,225 5,546 33,352 6,040 9,935 10,538 6,063 18,985 4,898 2,924 5,065 5,723 16,156 58 78 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 * J./ 2/ 85,315 4,170 21,520 4,962 7,166 7,629 4;,378 13,526 3,651 1,740 3,073 3 ,417 10, 083 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 4, 000 i?,ooo 13,704 3,746 1,610 1,846 2 700 3,114 nm 3:,457 __ 74,930 . 86,920 3,675 4,252 18,250 4,500 21,775 6,360 5,141 7,299 6 r 67S 7,667 4,,635 Less than $500,000. After deducting $175 million participations of other Federal Reserve Banks Includes $ 9 million of certain deposits of foreign-owned banking institutions voluntarily held with member banks and redeposited in full with Federal Reserve Banks. 59 ft",3QQ, 10, 284
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