H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release H.4.1 November 28, 1975 Averages of daily figures Week ended Change from week ended Wednesday Member bank reserves, Nov. ly, j Nov. 27, Nov. 26,* Reserve Bank credit, Nov. 26, 1975 | 1974 1975 and related items * 1975 f e Reserve Bank credit: 1/ (In millions of dollars) 2/3/ U.S. Government securities— Bought outright—System account 84,920 +1» 527 +. 5,186 84,884 Held under repurchase agreements 1,848 +1* 232 + 1,023 4,787 Federal Agency obligations-- Bought outright 6,072 mm mm + 1,730 6,072 Held under repurchase agreements 152 4- 117 - 159 298 Acceptances-- Bought outright 732 + 3 + 394 731 Held under repurchase agreements 185 4- 118 4- 31 392 Loans-- Total member bank borrowing 74 + 15 - 1,405 184 Includes seasonal borrowing of: 26 — 39 26 Other borrowing m* mm mm » —— -- Float 2,287 - 589 4- 227 2,252 Other F.R. assets 3.115 - 359 + 198 3.216 Total Reserve Bank credit 99,385 +2 ,064 + 7,226 102,816 Gold Stock 11,599 —— + 32 11,599 Special Drawing Rights certif. acct. 500 —— + 100 500 Treasury currency outstanding 10.061 + 12 + 933 10.068 121,545 +2 ,076 + 8,291 124,983 Currency in circulation ** 84,175 + 144 + 6,847 84,659 Treasury cash holdings ** 400 —— + 93 400 Treasury deposits with F.R. Banks 5,010 +1 ,689 4- 3,664 4,327 Foreign deposits with F.R. Banks 277 - 38 26 324 Other deposits with F.R. Banks 4/ 633 + 67 155 964 Other F.R. liabilities and capital 3.385 + 183 4- 211 3.454 93,879 4-2, 044 4-10,633 94,128 Member bank reserves: With Federal Reserve Banks 27,666 + 32 - 2,341 30,855 Currency and coin 7.046 - 71 4- 284 7.046 Total reserves held 34,712 - 39 - 2,057 37,901 Required reserves 34,512 - 54 - 1,947 34,512 Excess reserves 200 + 15 - 110 3,389 NOTE A net of $88 million of surplus reserves were eligible to be carried forward from the week ended November 19, into the week ending November 26. On November 26, 1975, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $42,135 million, a decrease of $1,031 million for the week. 1/ Net of $215 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $454 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $86 million securities loaned^-fully secured by U.S. Government securities pledged with Federal Reserve Banks. 4/ Includes $17 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. Digitized for FR* ASEERst imated (Chicago District1). http://fraser.st*l*o uisfEesd.toirgm/a ted (Treasury's Figures). Federal Reserve Bank of St. Louis

H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since November 26, November November A S S E TS 1975 ** 19. 1975 27. 1974 Gold certificate account 11,599 + 139 Special Drawing Rights certif. acct. * 500 + 100 Cash (1,328) 3 1 6 8 8 4 92 7 + - 1 1 , 2 5 3 7 2 Loans 731 7 + 336 Acceptances--Bought outright Held under repurchase agreements 392 179 43 Federal Agency obligations—Bought outright 6,072 +1,730 Held under repurchase agreements 298 + 190 - 509 U.S. Government securities: 35,671 + 230 - 907 Bought outright--Bills Certificates Notes 43,765 223 +3,991 Bonds 5.448 131 +2.194 Total bought outright 1/2/ 84,884 + 584 +5,278 Held under repurchase agreements 4.787 +3,300 +2.778 Total U.S. Government securities 89.671 +3.884 +8.056 97,348 +4,352 +7,998 Total loans and securities Cash items in process of collection (1,861) 7,471 -1,172 + 298 316 + 58 Bank premises 11 • «- + 11 Operating Equipment 2.889 + 134 + 225 Other assets 3/ TOTAL ASSETS (3,189) 120.502 +3, 307 +8,, 952 L i a b i l i t i es Federal Reserve notes (1,328) 75,359 + 388 +6, 189 Deposits: Member bank-reserves account 30,855 +2, 645 - 871 4,327 + 152 +3,, 012 U.S. Treasury—general account 324 + 80 + 50 Foreign 964 + 398 + 219 Other 4/ 36,470 +3,, 275 +2 ,410 Defer T r o e t d a l a v d a e i p l o a s b i i t l s i ty cash items (1,861) 5,219 - 485 + 158 Other liabilities and accrued dividends 1.208 + 23 - 57 TOTAL LIABILITIES (3,189) 118,256 +3 ,201 +8 ,700 C A P I T AL A C C O U N TS 920 + 27 Capital paid in 897 + 53 Surplus 429 + 106 + 172 Other capital accounts Contingent liability on acceptances -1,751 purchased for foreign correspondents * Figures in parentheses are the elimination made in the consolidating process. ** Estimated (Chicago District). 1/ Excludes $454 million of securities sold, and scheduled to be bought back, ~~ under matched sale-purchase transactions. 2/ Includes $86 million securities loaned--fully secured by U.S. Government "" securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. 4/ Includes $17 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 DISTRIBUTION: OF LOANS AND SECURITIES. NOVEMBER 26. 1975 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) U.S. Government Federal Agency Loans Accept- securities obligations ances Holdings Weekly Holdings Weekly changes 1changes Within 15 days 181 453 8,269 +2,502 405 +180 16 days to 90 days 3 328 20,275 + 274 73 - 45 91 days to 1 year 342 20,476 + 765 780 +105 Over 1 year to 5 years 30,292 + 131 3,222 - 60 Over 5 years to 10 years 6,348 + 82 1,294 + 10 4,011 + 130 596 Over 10 years Total 184 1,123 89,671 +3,884 6,370 +190 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 26, 1975 New Phila- Cleve- Rich- ** St. Minne- Kansas San Total Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas Francisco (In millions of dollars) A S S E TS Gold certificate account 11,599 530 3,330 668 888 981 611 1,768 449 206 419 422 1,327 Special Drawing Rights certif. acct. 500 24 124 31 43 45 28 79 20 10 18 19 59 F.R. notes of other banks 1,328 79 223 67 61 128 184 58 31 31 40 78 348 Other cash 368 24 28 7 46 41 48 31 27 15 41 17 43 Loans 184 - — 113 5 1 1 27 6 16 5 7 2 1 Acceptances: Bought outright 731 -- 773311 -- -- Held under repurchase agreements 392 — 392 Federal Agency obligations-- Bought outright 6,072 282 1,457 357 480 491 317 915 231 133 248 310 851 Held under repurchase agreements 298 298 -- — -- — U.S. Government securities: Bought outright— Bills 35,671 1,658 8,561 2,095 2,819 2,882 1,862 5,373 1,359 779 1,458 1,824 5,001 Certificates — — - - — — — — -- — -- -- Notes 43,765 2,035 10,503 2,570 3,458 3,537 2,285 6,592 1,667 956 1,788 2,237 6,137 Bonds 5,448 253 1,307 320 430 440 285 821 208 119 223 278 764 Total bought outright 1/2/ 84,884 3,946 20,371 4,985 6,707 6,859 4,432 12,786 3,234 1,854 3,469 4,339 11,902 Held under repurchase agreements 4,787 — — 4,787 — — — — - - — -- -- — — — - Total U.S. Government securities 89.671 3,946 25,158 4,985 6,707 6,859 4,432 12,786 3,234 1,854 3,469 4,339 11,902 Total loans and securities 97,348 4,228 28,149 5,347 7,188 7,351 4,776 13,707 3,481 1,992 3,724 4,651 12,754 Cash items in process of collection 9,332 390 988 268 711 1,580 766 1,229 399 524 838 651 988 Bank premises 316 87 20 49 25 22 14 16 13 33 17 12 8 Operating Equipment 11 — 2 3 — -- -- 2 * — 2 2 Other assets 3J 2,889 64 1,736 84 114 109 124 211 54 33 57 72 231 Interdistrict settlement account -0- + 218 -4,037 - 268 + 555 + 144 + 228 +1,595 + 460 + 300 - 236 - 198 +1,239 TOTAL 123.691 5.644 30.563 4,256 9,631 10,401 6,779 IB,694 4,936 3,144 4,918 5,7?6 1 A QQQ * Less than $500,000. ** Estimated (Chicago District). 1/ Excludes $454 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $86 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON November 26, 1975 New Phila- Cleve- Rich- * 1 St. Minne- Kansas San , Total Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas Francisco (In millions o f dollars) L I A B I L I T I ES Federal Reserve notes 76,687 3,792 19,204 4,573 6,636 7,017 3,887 12,199 3,232 1,531 2,725 2,896 8,995 Deposits: Member bank reserves 30,855 1,062 8,021 962 1,926 1,472 1,815 4,655 954 761 1,126 1,777 6,324 U.S. Treasury—general account 4,327 315 397 334 347 329 350 440 350 276 249 329 611 Foreign 324 9 161 10 19 12 17 34 8 5 9 12 28 Other 964 2 833 2 11 32 15 3 2 2 27 35 Total deposits 36,470 1,388 9,412 1,308 2,292 1,824 2,214 5,144 1,315 1,044 1,386 2,145 6,998 Deferred availability cash items 7,080 326 1,014 202 426 1,335 435 850 275 486 671 510 550 Other liabilities and accured dividends 1.208 50 362 65 84 89 79 158 39 25 43 52 162 TOTAL LIABILITIES 121,445 5,556 29,992 6,148 9,438 10,265 6,615 18,351 4,861 3,086 4,825 5,603 16,705 CAPITAL ACCOUNTS Capital paid in 920 35 232 42 81 52 72 142 31 26 39 51 117 Surplus 897 35 235 42 78 50 69 138 30 22 37 49 112 Other capital accounts 429 18 104 24 34 34 23 63 14 10 17 23 65 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 123,691 5,644 30,563 6,256 9,631 10,401 6,779 18,694 4,936 3,144 4,918 5,726 16,999 FEDERAL RESERVE AGENTS' ACCOUNTS .F.R. notes outstanding 79,736 3,946 19,736 4,711 6,822 7,229 4,318 12,433 3,417 1,586 2,892 3,043 9,603 Collateral for F.R. notes: Gold certificate account 11,596 530 3,329 668 888 980 611 1,768 449 206 418 422 1,327 Special Drawing Rights certif. acct. 302 24 124 __ —— 28 — — 20 10 18 19 59 Acceptances mm mm —— — — mm — • * — — «- • «• "» U.S. Government securities 69.980 3.450 16,450 4,150 6,110 6,350 4,000 11,400 3,020 1,410 2,500 2,640 8,500 Total collateral 81,878 4,004 19,903 4.818 6.998 7.330 4,639... 13,168 3.489 1.626 „ 2.236.. 3,09: 9.886 1_/ After deducting $163 million participations of other Federal Reserve Banks. 2J Includes $17 million of certain deposits of foreign-owned banking institutions held with member banks and * Estimated (Chicago District) 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. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis