H.4.1 Factors Affecting Reserve Balances of Depository Institutions

-vsJSS^V- FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release December 11, 1975 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Dec. 10, Dec. 3, Dec. 11, Dec. 10, and related items 1975 1975 1974 1975 Reserve Bank credit: 1/ (In millions of c Iollars) 2/3/ U.S. Government securities-- Bought outright—System account 82,937 -1,878 +2,354 82,686 Held under repurchase agreements 472 - 488 + 106 -- Federal Agency obligations-- Bought outright 6,072 M mm 4-1,730 6,072 Held under repurchase agreements 50 64 - 104 -- Acceptances-- Bought outright 729 + 2 + 255 724 Held under repurchase agreements 49 - 108 25 -- Loans-- Total member bank borrowing 30 37 - 618 33 Includes seasonal borrowing of: 15 7 19 14 Other borrowing Float 2,365 - 335 - 180 3,333 Other F.R. assets 3.486 + 207 + 433 4.302 Total Reserve Bank credit 96,190 -2,700 +3,952 97,150 Gold Stock 11,599 —- 4 11,599 Special Drawing Rights certif. acct. 500 —— + 100 500 Treasury currency outstanding 10,081 + 5 + 918 10.087 118,370 -2,695 +4,966 119,336 Currency in circulation * 85,283 + 506 +6,787 85,833 Treasury cash holdings * 400 — — + 134 400 Treasury deposits with F.R. Banks 1,865 -2,259 + 562 1,032 Foreign deposits with F.R. Banks 243 62 77 238 Other deposits with F.R. Banks 4/ 921 + 44 + 28 1,846 Other F.R. liabilities and capital 3.044 - 253 - 46 3.093 91,756 -2,025 +7,388 92,442 Member bank reserves: With Federal Reserve Banks 26,614 - 671 -2,421 26,894 Currency and coin 7.825 + 250 + 567 7.825 Total reserves held 34,439 - 421 -1,854 34,719 Required reserves 34,264 - 267 -2,188 34,264 Excess reserves 175 - 154 + 334 455 NOTE: A net of $195 million of surplus reserves were eligible to be carried forward from the week ended December 3, into the week ending December 10. On December 10, 1975, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $42,189 million, an increase of $254 million for the week. V Net of $2,000 million, dmly average, matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $2,251 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3J Includes $90 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 4/ Includes $9 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 FRA*S EERs timated (Treasury's figures). http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Change since December 10, December December A S S E TS 1975 3, 1975 11 r 1974 Gold certificate account 11,599 - 53 Special Drawing Rights certif. acct. * 500 -- + 100 Cash (1,251) 363 + 2 + 121 Loans 33 - 33 -1,126 Acceptances--Bought outright 724 - 5 + 231 Held under repurchase agreements -- - 209 - 241 Federal Agency obligations—Bought outright 6,072 -- +1,730 Held under repurchase agreements -- - 152 - 507 U.S. Government securities: Bought outright--Bills 33,473 - 839 -4,035 Certificates — -- -- Notes 43,765 —— 4-3,991 Bonds 5,448 — +2,194 Total bought outright 1/2/ 82,, 686 - 839 +2 ,150 Held under repurchase agreements - 482 - 802 Total U.S. Government securities 82,, 686 -1 ,321 +1 ,348 Total loans and securities 89,, 515 -1 ,720 +1 ,435 Cash items in process of collection (1,530) 8., 305 + 208 + 283 Bank premises 319 + 2 + 60 Operating Equipment 12 — + 12 Other assets 3/ 3,, 971 + 930 +1 ,183 TOTAL ASSETS (2,781) 114;, 584 - 578 +3 ,141 L I A B I L I T I ES Federal Reserve notes (1,251) 76,509 + 601 +6, 221 Deposits: Member bank-reserves account 26,894 - 577 -4, 195 U.S. Treasury—general account 1,032 -1 ,257 + 342 Foreign 238 + 9 - 120 Other 4/ 1,846 +1 ,050 + 922 Total deposits 30,010 - 775 -3,0 51 Deferred availability cash items (1,530) 4,972 - 486 + 27 Other liabilities and accrued dividends 1,075 - 26 - 96 TOTAL LIABILITIES (2,781) 112,566 - 686 +3, 101 C A P I T AL A C C O U N TS Capital paid in 922 + 1 + 28 Surplus 897 —— + 53 Other capital accounts 199 + 107 - 41 Contingent liability on acceptances purchased, for foreign correspondents — — -1,408 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Excludes $2,251 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $90 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. 4/ Includes $9 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 System1s program of credit restraint. MATURITY DISTRIBUTION: OF LOANS AND SECURITIES. DECEMBER 10 1975 r (Acceptances and securities held under repurchase agreements are classified as U.S. Government Federal Agency LLooaannss Accept- securities obligations ances Holdings Weekly Holdings Weekly changes changes Within 15 days 21 59 2,896 -1,292 — — -197 16 days to 90 days 12 340 19,229 + 658 136 -- 91 days to 1 year - - 325 20,019 - 687 937 +135 Over 1 year to 5 years — — 30,183 — 3,149 - 59 Over 5 years to 10 years — -- 6,348 — 1,254 - 31 Digitized for FROAvSeErR 10 years — — — 4,011 -- 596 -http://fraser.stlouisTfeodt.aolrg / 33 724 82,686 -1,321 6,072 -152 Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON DECEMBER 10, 1975 New Phila- Cleve- Rich- St. Minne- 1 Kansas 1 San Total Boston York delphia land Atlanta Chicago Louis apolis 1 Citv 1 DallasI 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, 251 73 244 51 62 124 164 57 30 27 44 82 293 Other cash 363 22 27 8 45 42 47 31 27 14 41 17 42 Loans 33 — — 1 7 — —— 17 3 1 * 2 1 1 Acceptances: Bought outright 724 -- 724 -- -- Held under repurchase agreements — — -- -- -- -- Federal Agency obligations-- Bought outright 6, 072 282 1,, 457 357 480 491 317 915 231 133 224488 331100 885511 Held under repurchase agreements — — -- -- -- -- U.S. Government securities: Bought outright— Bills 33,, 473 1,556 8,, 033 1,966 2 ,645 2,705 1,747 5S ,042 1,275 731 11,,336688 1,,, 771122 44,,669933 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/ 82., 686 3,844 19;, 843 4,856 6 ,533 6,682 4,317 12,, 455 3,150 1,806 3,379 4,, 227 11,594 Held under repurchase agreements Total U.S. Government securities 82,, 686 3,844 19 ,843 4.856 6 ,533 6,682 4,317 12., 455 3,150 1,806 3,379 4,, 227 11,594 Total loans and securities 89., 515 4,126 22 ,025 5,220 7 ,013 7,173 4,651 13., 373 3,382 1,939 3,629 4;, 538 12,446 Cash items in process of collection 9 ,835 451 1 ,288 306 475 1,391 756 1;, 213 506 740 771 670 1,268 Bank premises 319 88 20 50 26 22 14 16 13 33 17 12 8 Operating Equipment 12 — 2 3 -- -- 2 1 — 2 2 Other assets 3/ 3 ,971 68 2 ,732 100 122 116 100 249 59 36 61 78 250 Interdistrict settlement account -0- - 163 + 304 - 497 + 556 - 99 + 44 +1., 145 + 211 - 228 - 294 - 589 - 390 TOTAL 117,36$ 5,319 30,096 5,940 9,230 9,795 6.415 17,, 931 4,699 2,778 4,706 5,, 251 15r30S 1/ Excludes $2,251 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $90 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 DECEMBER 10, 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) LLLL IIII AAAA BBBB IIII LLLL IIII TTTT IIII EEEESSSS FFFFeeeeddddeeeerrrraaaallll RRRReeeesssseeeerrrrvvvveeee nnnnooootttteeeessss 77,760 3,859 19,377 4,599 6,724 7,105 4,012 12,344 3,294 1,563 2,769 2,938 9,176 DDDDeeeeppppoooossssiiiittttssss:::: MMMMeeeemmmmbbbbeeeerrrr bbbbaaaannnnkkkk rrrreeeesssseeeerrrrvvvveeeessss 26,894 832 7,200 893 1,764 1,200 1,653 4,228 929 641 1,107 1,573 4,874 UUUU....SSSS.... TTTTrrrreeeeaaaassssuuuurrrryyyy————ggggeeeennnneeeerrrraaaallll aaaaccccccccoooouuuunnnntttt 1,032 65 24 70 94 134 74 136 57 59 50 78 191 FFFFoooorrrreeeeiiiiggggnnnn 238 8 1/ 90 9 18 11 15 31 7 5 8 11 25 OOOOtttthhhheeeerrrr 2222//// 1.846 1 1.732 1 1 11 32 17 1 1 2 28 . 19 TTTToooottttaaaallll ddddeeeeppppoooossssiiiittttssss 30,010 906 9,046 973 1,877 1,356 1,774 4,412 994 706 1,167 1,690 5,109 DDDDeeeeffffeeeerrrrrrrreeeedddd aaaavvvvaaaaiiiillllaaaabbbbiiiilllliiiittttyyyy ccccaaaasssshhhh iiiitttteeeemmmmssss 6,502 328 902 213 376 1,139 423 714 306 392 645 462 602 OOOOtttthhhheeeerrrr lllliiiiaaaabbbbiiiilllliiiittttiiiieeeessss aaaannnndddd aaaaccccccccuuuurrrreeeedddd ddddiiiivvvviiiiddddeeeennnnddddssss 1,075 48 261 62 79 80 53 148 37 61 40 50 156 TTTTOOOOTTTTAAAALLLL LLLLIIIIAAAABBBBIIIILLLLIIIITTTTIIIIEEEESSSS 115,347 5,141 29,586 5,847 9,056 9,680 6,262 17,618 4,631 2,722 4,621 5,140 15,043 CCCCAAAAPPPPIIIITTTTAAAALLLL AAAACCCCCCCCOOOOUUUUNNNNTTTTSSSS ! CCCCaaaappppiiiittttaaaallll ppppaaaaiiiidddd iiiinnnn 922 | 35 232 42 81 52 72 142 31 26 39 52 118 SSSSuuuurrrrpppplllluuuussss 897 i 35 235 42 78 50 69 138 30 22 37 49 112 OOOOtttthhhheeeerrrr ccccaaaappppiiiittttaaaallll aaaaccccccccoooouuuunnnnttttssss 199 8 43 9 15 13 12 33 7 8 9 10 32 TTTTOOOOTTTTAAAALLLL LLLLIIIIAAAABBBBIIIILLLLIIIITTTTIIIIEEEESSSS AAAANNNNDDDD 117,365 5,219 30,096 5,940 9,230 9,795 6,415 17,931 4,699 2,778 4,706 5,251 15,305 CCCCAAAAPPPPIIIITTTTAAAALLLL AAAACCCCCCCCOOOOUUUUNNNNTTTTSSSS FEDERAL RESERVE AGENTS1 ACCOUNTS FF..RR.. nnootteess oouuttssttaannddiinngg 80,585 3,989 19,838 4,710 6,935 7,309 4,420 12,541 3,452 1,623 2,900 3,108 y,/bu CCoollllaatteerraall ffoorr FF..RR.. nnootteess:: GGoolldd cceerrttiiffiiccaattee aaccccoouunntt 11,596 530 3,329 668 888 980 611 1,768 449 206 418 422 1,327 SSppeecciiaall DDrraawwiinngg RRiigghhttss cceerrttiiff.. aacccctt.. 302 24 124 — « — 28 — 20 10 18 19 59 AAcccceeppttaanncceess UU..SS.. GGoovveerrnnmmeenntt sseeccuurriittiieess 70,630 3.500 16.650 4.150 6.110 6.400 4.000 11.400 3,020 1.510 2.500 2.690 8,700 TToottaall ccoollllaatteerraall 82,528 4,054 20,103 4,818 6,998 7,380 4,639 13,168 3,489 1,726 2,936 3,131 10,086 1/ After deducting $148 million participations of other Federal Reserve Banks. 2/ Includes $9 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. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis