H.4.1 Factors Affecting Reserve Balances of Depository Institutions

sS52&-. FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks * • f *A L• H.4.1 For immediate release December 4, 1975 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Dec. 3, * Nov. zb » I Dec. 4, Dec. 3, and related items 1975 1975 | 1974 1975 * Reserve Bank credit: 1/ (In millions of dollars) 2/3/ U.S. Government securities-- Bought outright--System account 84,815 -105 +5,190 83,525 Held under repurchase agreements 960 •888 - 152 482 Federal Agency obligations-- Bought outright 6,072 +1,730 6,072 Held under repurchase agreements 114 - 38 - 366 152 Acceptances-- Bought outright 727 - 5 + 320 729 Held under repurchase agreements 157 - 28 - 113 209 Loans-- Total member bank borrowing 67 - 7 -1,003 66 Includes seasonal borrowing of: 22 - 4 29 16 Other borrowing «* mm •* mm Float 2,697 +395 - 7 J. 2,655 Other F.R. assets 3.278 +163 + 165 3.361 Total Reserve Bank credit 98,885 -516 +5,699 97,251 Gold Stock 11,599 — — + 32 11,599 Special Drawing Rights certif. acct. 500 — — + 100 500 Treasury currency outstanding 10.076 + 15 + 908 10.077 121,060 -501 +6,738 119,427 Currency in circulation ** 84,777 +600 +6,825 85,223 Treasury cash holdings ** 400 — — + 84 400 Treasury deposits with F.R. Banks 4,124 -886 +2,660 2,289 Foreign deposits with F.R. Banks 305 + 28 - 148 229 Other deposits with F.R. Banks 4/ 877 +242 - 147 796 Other F.R. liabilities and capital 3.298 - 87 + 48 3.019 93,782 -101 +9,323 91,956 Member bank reserves: With Federal Reserve Banks 27,279 -399 -2,582 27,471 Currency and coin 7.575 +529 + 475 7.575 Total reserves held 34,854 +130 -2,107 35,046 Required reserves 34,531 + 19 -2,147 34,531 Excess reserves 323 +111 + 40 515 NOTE: A net of $117 million of surplus reserves were eligible to be carried forward from the week ended November 26, into the week ending December 3. On December 3, 1975, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $41,935 million, a decrease of $200 million for the week. 1/ Net of $351 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $1,613 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $80 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 *fo rE FsRtAiSmEaRt ed (Philadelphia District). http://fra*s*e r.sEtslotuiismfeadt.oerdg / (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 December 3, November December 4, A S S E TS 1975 ** 26. 1975 1974 Gold certificate account 11,599 mm mm + 139 Special Drawing Rights certif. accts. * 500 — — + 100 Cash (1,325) 361 9 + 117 Loans 66 - 118 - 249 Acceptances--Bought outright 729 2 + 292 Held under repurchase agreements 209 - 183 + 38 Federal Agency obligations—Bought outright 6,072 mm mm +1,730 Held under repurchase agreements 152 - 146 - 157 U.S. Government securities: ' Bought outright--Bills 34,312 -1,359 + 235 Certificates mm mm mm mm mm mm Notes 43,765 • +3,991 Bonds 5,448 — +2,194 Total bought outright 1/2/ 83,525 -1,359 +6,420 Held under repurchase agreements 482 -4,305 - 33 Total U.S. Government securities 84,007 -5,664 46,387 Total loans and securities 91,235 -6,113 +8,041 Cash items in process of collection (1,927) 8,214 + 712 99 Bank premises 317 + 1 + 58 Operating Equipment 12 + 1 + 12 Other assets 3/ 3,032 + 138 + 344 TOTAL ASSETS (3,252) 115,270 -5,270 +8,712 L I A B I L I T I ES Federal Reserve notes (1,325) 75,907 + 533 +6,239 Deposits: Member bank-reserves account 27,471 -3,384 +1,998 U.S. Treasury—general account 2,289 -2,038 + 721 Foreign 229 95 - 182 Other 4/ (1) 796 - 182 - 45 Total deposits (1) 30,785 -5,699 +2,492 Deferred availability cash items (1,926) 5,559 + 332 + 173 Other liabilities and accrued dividends 1,106 - 100 - 243 TOTAL LIABILITIES (3,252) 113,357 -4,934 +8,661 C A P I T AL A C C O U N TS Capital paid in 921 + 1 + 26 Surplus 897 mm mm ,+ 53 Other capital accounts 95 - 337 - 28 Contingent liability on acceptances purchased, for foreign correspondents — -1,590 * Figures in parentheses are the eliminations made in the consolidating process. ** Estimated (Philadelphia District). 1/ Excludes $1,613 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $80 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. DECEMBER 3. 1975 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 davs in accordance ty ith maximum maturity of the agreements.) U.S. Government Federal Agency LLooaannss Accept- securities obligations ances Holdings Weekly Holdings Weekly changes changes Within 15 days 55 286 4,188 -4,081 197 -208 16 days to 90 days 11 327 18,571 -1,704 136 + 63 91 days to 1 year — 325 20,706 + 230 802 + 22 Over 1 year to 5 years -- -- 30,183 - 109 3,208 - 14 Digitized for FRA Ov S e E r R 5 years to 10 years -- —— 6,348 • — 1,285 - 9 http://fraser.stlo O ui v s e fe r d .o 1 r 0 g/ years -- - - 4,011 •* ** 596 me am Federal Reserve B T a o n t k a o l f St. Louis 66 938 84,007 -5,664 6,224 ^146

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON DECEMBER 3, 1975 New * Phila- Cleve- Rich- 1 St. Minne- 1 Kansas I San Total Boston York delphia land mond Atlanta Chicago 1 Louis apolis 1 Citv Dallas IFrancisco (In millions of dollars) A S S E TS Gold certificate account 11,599 530 3 ,330 668 888 m 611 1,76:8 449 206 419 422 1,327 Special Drawing Rights certif. acct. 5,00 24 124 31 43 45 28 79 20 10 18 19 59 F.R. notes of other banks 1,325 68 248 70 6.4 127 180 58 33 29 47 86 315 Other cash 361 22 27 9 45 41 47 30 26 15 41 16 42 Loans 66 mm -• 4 b • — —— 13 4 2 -- 32 2 1 Acceptances: Bought outright 729 -- 729 -- -- -- -- — -- -- Held under repurchase agreements 209 209 -- — - — — -- -- Federal Agency obligations- Bought outright 6,072 282 1:, 457 357 480 491 317 915 231 133 224488 331100 885511 Held under repurchase agreements 152 152 -- -- -- - -- — — U.S. Government securities: Bought outright-** Bills 34,312 1,5 95 8;, 234 2,01.5 2,711 2,773 1,791 5,168 1,, 307 749 11,,440033 1,755 44,,881111 Certificates «» * — * — — —— -- -- — -- — -- — — Notes 43,765 2,0 35 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/ 83,525 3 858 3 20., 044 4,905 6,599 6,750 4,361 12,581 3,, 182 1,8 24 3,414 4,, 270 11,712 Held under repurchase agreements 482 — — 482 *•w —- —— — -- — — -- -- Total U.S. Government securities 84,007 3,8 83 20,, 526 4.905 6.599 6,750 4,361 12,581 31, 182 1,8 24 3,414 4,, 270 11,712 Total loans and securities 91,235 4,165 23:, 077 5,270 7,079 7,241 4,691 13,500 3,, 415 1,9 57 3,694 4,, 582 12,564 Cash items in process of collection 10,141 367 L ,356 347 550 1,564 794 1,444 490 469 907 797 1,056 Bank premises 317 8.8 20 49 25 22 14 16 13 33 17 12 8 Operating Equipmjgxvg 12 2 3 — -- 2 1 — 2 2 Other assets 3/ 3,032 ; 66 L ,8.3,6 88 126 116 100 219 60 39 60 76 246 Interdistrict sefcfclsmggtt account -0- . + 32 + 530 - 560 + 88 - 217 + 218 + 510 + 109 - 17 - 425 - 545 + 277 TOTAL ..118.522 5,362 ...30,550 .... 5,975 8,908 9,920 6,683 17,624 4,, 617 2,7 42 4,778 5,, 467 15,896 * Estimated (Philadelphia District). 17 Excludes $1,613 million of securities sold, and scheduled to be bought back, under matched sale-purdhase transactions. 2/ Includes $80 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 (T CONDITIO!,' OF EACH FEDERAL RESERVE BANK ON December 3, 1975 New f Phila- Cleve- Rich- St. Minne- Kansas San Total Boston York J delphia land mond Atlanta Chicago Louis apolis City Dallas Francisco (In millions of dollars) L I A B I L I T I ES Federal Reserve notes Deposits: 77,232 3,814 19,310 4,584 6,677 7,066 3,946 12,278 3,258 1,545 2,745 2,908 9,099 Member bank reserves D O e t F f h U O o e e . t r r T r S h r e o e . e i t r l d a g i T l n a 2 r a b / e v i d a a l e s i i p u t l o r i a s y e b i — i s t g l s e i a n t n e y d r c a a c a l c s u h a r c e c i o d t u e n m t s 3 2 0 7 7 2 , , , , 7 4 2 4 2 7 8 8 8 7 2 9 6 5 9 1 9 7 V 1 9 , 0 3 9 1 6 6 1 4 1 5 1 1 0 9 1 8 , , , 4 0 6 2 3 3 4 8 8 6 9 6 2 9 4 7 2 9 2 1 7 7 5 5 9 1 6 8 2 1 5 0 1 1 , , 5 4 3 1 3 4 4 7 1 9 5 6 9 1 9 1 1 1 , , , 3 2 1 1 9 7 7 9 1 1 3 0 8 2 2 1 2 1 , , 0 4 2 8 7 5 0 0 3 1 6 8 6 2 3 7 4 3 , , 0 8 3 6 3 5 3 3 6 7 7 2 9 4 2 3 9 1 7 4 1 5 5 0 7 8 1 1 7 4 6 5 3 8 7 9 4 4 2 9 5 8 1 1 , , 1 0 7 1 3 7 0 2 7 9 3 3 3 2 1 1 , , 7 6 5 1 7 2 3 9 3 1 6 6 5 6 3 2 5 5 , , 7 5 2 4 8 8 2 9 5 1 3 8 7 0 6 5 dividends TOTAL LIABILITIES 116 1 , . 6 1 0 0 9 6 5,2 4 8 9 9 30*0 2 6 7 7 9 5,88 6 5 7 8,74 8 3 2 9,81 8 3 2 6,53 5 5 5 17,3 1 2 5 8 6 4,55 3 3 8 2,68 2 6 5 4,69 4 7 2 5,36 5 1 1 > 15,6 1 5 8 0 0 CAPITAL ACCOUNTS Capital paid in s O S t u h r e p r lu s ca pital accounts 9 8 2 9 1 7 2 2 3 3 5 2 4 4 2 2 8 7 1 8 5 5 0 2 6 7 9 2 1 1 3 4 8 1 3 3 0 1 2 2 2 6 3 3 7 9 4 5 9 2 1 1 1 1 2 8 TOTAL LIABILITIES AND 95 . 16 6 6 5 7 17 3 6 5 5 CAPITAL ACCOUNTS 118,522- 5,362 30,550 5,975 8,908 9,920 6,683 17,624 4,617 2,742 4,778 5,467 15,896 FEDERAL RESERVL AGENTS' ACCOUNTS F.R. notes outstanding Collateral for F.R. notes: 80,158 3,946 19,780 4,698 6,857 7,272 4,400 12,502 3,428 1,595 2,902 3,056 9,722 Gold certificate account A S c p c e e c p i t a a l n c D e r s a wing Rights certif. acct, 11,5 3 9 0 6 2 5 2 3 4 0 3,3 1 2 2 9 4 668 888 980 61 28 1 1,768 44 2 9 0 20 1 6 0 41 1 8 8 42 1 2 9 1,32 5 7 9 U.S. Government securities Total collateral 70,180 3,450 16,450 4,150 6,110 6,350 4,000 11,400 3,020 1,410 2,500 2,640 8.700 82,078 4.004 TQ;flfnr If After deducting $162 million participations of other Federal Re s er ve^~Eank 7,330 M3JL •JUaafi.. X Q &L ,lQ„08fr- 2/ Includes $17 million of certain deposits of foreign-owned banking institutions held with member banks and redeposited in full with * Estimied6(Philadelphia"DisTricO? ^ volur'tary Participation by nonmezber institutions in the Federal Reserve System's program of credit restraint. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis