H.4.1 Factors Affecting Reserve Balances of Depository Institutions

M m, FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release December 18, 1975 Member bank reserves, WWeeeekk eennddeedd Change from week ended WWeeddnneessddaayy Reserve Bank credit, DDeecc.. 1177,, Dec. 10, Dec. 18, DDeecc.. 1177,, and related items 11997755 1975 1974 11997755 Reserve Bank credit: 1/ (In millions of c lollars) 2/3/ U.S. Government securities-- Bought outright—System account 84,553 +li, 616 +3,892 83,813 Held under repurchase agreements — - 472 - 484 -- Federal Agency obligations-- Bought outright 6,072 mm mm +1,576 6,072 Held under repurchase agreements -- - 50 - 201 - - Acceptances-- Bought outright 733 + 4 + 249 726 Held under repurchase agreements -- - 49 - 99 -- Loans-- Total member bank borrowing 45 + 15 - 773 65 Includes seasonal borrowing of: 14 - 1 - 16 12 Other borrowing 2,621 + 265 + 52 3,479 Float Other F.R. assets 3.557 + 71 + 510 3.631 Total Reserve Bank credit 97,581 +1 ,400 +4,722 97,786 Gold Stock 11,599 —— - 53 11,599 Special Drawing Rights certif. acct. 500 —— + 100 500 Treasury currency outstanding 10.087 + 6 + 909 10,087 119,767 +1 ,406 +5,678 119,972 Currency in circulation 85,734 + 451 +6,808 86,071 Treasury cash holdings * 400 —— + 218 400 Treasury deposits with F.R. Banks 1,943 + 78 +1,017 4,007 Foreign deposits with F.R. Banks 244 + 1 - 163 226 Other deposits with F.R. Banks 4/ 979 + 58 + 158 897 Other F.R. liabilities and capital 3.158 + 114 55 3.214 92,459 + 703 +7,984 94,815 Member bank reserves: With Federal Reserve Banks 27,308 + 703 -2,307 25,157 Currency and coin 7.824 - 1 + 677 7.824 Total reserves held 35,132 + 702 -1,630 32,981 Required reserves 34,895 + 631 -1,650 34,895 Excess reserves 237 71 NOTE: A net of $140 million of surplus reserves were eligible to be carried forward from the week ended.December 10, into the week ending December 17. On December 17, 1975, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $41,732 million, a decrease of $457 million for the week. V Net of $571 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $1,736 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. V Includes $89 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 System1s program of credit restraint. * Estimated (Treasury's figures'* . Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS Wednesday Change since December 17 December December ' A S S E TS 1975 10. 1975 . IB. 1974 i Gold certificate account 11,599 - 53 Special Drawing Rights certif. acct» * 500 + 100 Cash (1,335) 364 1 + 117 Loans + Acceptances--Bought outright 726 + 3! -Mil Held under repurchase agreements - 225 Federal Agency ob1igations--Bought outright 6,072 +1,370 Held under repurchase agreements - 617 U.S, Government securities: Bought outright--Bills 34,600 +1,127 -3,349 Certificates Notes 43,765 +3,991 Bonds 5,448 — •» +2.194 Total bought outright 11//22// 83,813 +1,127 +2,836 ifeld upder repurchase agreements -- — — -1,671 Total U.S. Government securities 83.813 +1,127 +1,165 Total loans and securities 90,676 +1,161 + 608 Cash items in process of collection (2,009) 9,474 +1,169 + 344 Bank premises 318 1 + 59 Operating Equipment 12 + 12 Other assets 3/ 3,301 - 670 + 312 TOTAL ASSETS (3,344) 116,244 +1,660 +1,499 L I A B I L I T I ES Federal Reserve notes (1,335) 76,748 + 239 +6,201 Deposits: Member bank-reserves account 25,157 -1,737 -6,405 y.S. Treasury-general account 4,007 +2,975 +1,798 Foreign 226 12 40 Other 4/ 897 - 949 + 81 Total deposits 30,287 + 277 -4,566 Deferred availability cash items (2,009) 5,995 +1,023 - 18 Other liabilities and accrued dividends 1,084 + 9 - 178 TOTAL LIABILITIES (3,344) 114,114 +1,548 +1,439 C A P I T AL A C C O U N TS Capital paid in 928 + 6 + 33 w — Surplus 897 + 53 Other capital accounts 305 + 106 - 26 Contingent liability on acceptances purchased, for foreign correspondents -1,240 f Figures in parentheses are the eliminations made in the consolidating process. %/ Excludes $1,736 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $110 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Bgnks. 3/ Includes assets denominated in foreign currencies. £/ 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. MATURITY DISTRIBUTION: OF LOANS AND SECURITIES. DECEMBER 17. 1975 (Acceptances and securities held under repurchase agreements are classified as U.S. Government Federal Agency LLooaannss Accept- securities obligations ances Ho1dings IWeekly Holdings Weekly 1 changes changes Within 15 days 63 54 3,090 + 194 -- 7 16 days to 90 days 2 377 19,444 + 215 200 + 64 91 days to 1 year -- 295 20,737 + 718 873 - 64 Over 1 year to 5 years -- - — 30,183 3,149 —— Ovef 5 years to 10 years — -- 6,348 1,254 *»- Over 10 years -— 4,011 596 -r Tptal 65 726 83,813 +1,127 6,072 Tw 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 DECEMBER 17, 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 1,335 57 266 69 75 134 186 63 38 30 45 84 288 Other cash 364 21 27 8 47 43 46 30 27 15 40- 17 43 Loans 65 22 2 6 15 5 2 1 2 9 1 Acceptances: Bought outright 726 — — 726 — — -- — — -- -- —— -- — Held under repurchase agreements —— — — — — — •* — —, — — — — — — —— * — Federal Agency obligationa-- Bought outright 6,072 282 1,457 357 480 491 317 915 231 133 248 310 851 Held under repurchase agreements — — -- — —— - - * — — — — — - — — — — ~w U.S. Government securities: Bought outright- Bills 34,600 1,609 8,303 2,032 2,734 2,796 1,806 5,212 1,318 756 1,414 1,769 4,851 Certificates — — •• •* w mm mm — •* — — — — — — — — —— Notes 43,765 2,035 10,50> 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/ 83,813 3,897 20,113 4,922 6,622 6,773 4,376 12,625 3,193 1,831 3,425 4,284 11,752 Held under repurchase agreements — — — —• — — — — — — — — — —— — - — — — Total U.S. Government securities 83,813 3,897 20,113 4,922 6,622 6.773 4,376 12,625 3,193 1,831 3,425 4,284 11,752 Total loans and securities 90,676 4,201 22,298 5,285 7,102 7,264 4,708 13,545 3,426 1,965 3,675 4,603 12,604 Cash items in process of collection 11,483 492 1,661 310 624 1,645 1,017 1,637 535 522 1,010 781 1,249 Bank premises 318 88 20 50 25 22 14 16 13 33 17 12 8 Operating Equipment 12 -- 2 3 — — —— — — — 2 1 — — 2 2 Other assets 3/ 3,301 73 2,014 97 133 119 62 40 65 84 268 Interdistrict settlement account -0- - 72 + 344 - 599 + 266 70 - 16 * + 201 + 118 - 262 - 322 + 141 TOTAL ,119,588 5,414 30,086 5,922 9.203 10,183 _ 4,773 2,940 5,027 5,702 15,989 1/ Excludes $1,736 million of securities sold, and scheduled to be bought back, under matched s a l e - p u r, 2/ Includes $110 million securities loaned—fully secured by U.S. Government securities pledged with FedExs! fceaarva fcstiku. 3/ Includes assets denominated in foreign currencies. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON DECEMBER 17 , 1975 H.4.1(c) New Phila- Cleve- Rich- i St. Minne- Kansas San Total Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas Francisco (In millions of dollars) L I A B I L I T I ES 78,083 3,865 19,488 4,613 6,743 7,126 4,035 12,426 3,303 1,569 2, 764 2,944 9,207 Federal Reserve notes Deposits: 25,157 777 6,358 745 1,313- 1,132 lr637 3,553 814 688 1, 111 1,675 5,354 M U e . m S. b e T r r b e a a n s k u r r y e — s g e e r n v e e r s al account 4,0 2 0 2 7 6 ; 213 9 1/ 1 5 , 8 4 19 17 1 7 1 35 2 0 0 34 1 2 3 21 1 7 7 16 3 2 5 170 8 163 5 18 1 8 0 27 1 5 2 33 2 1 8 Foreign 897 784 2 7 34 8 1 2 2 32 25 Other y 30,287. 999 8,619 935 1,683 1,494 1,905 3,758 993 858 1,> 311 1,994 5,738 Total deposits 8,004 418 1,170 212 511 1,349 545 979 368 431 822 595 604 Deferred availability cash items Other liabilities and accured dividends 1,084 50 265 63 83 &9 5& 157 39 24 41 53 162 TOTAL LIABILITIES 117,458 5,332 29,542 5,823 9,020 1,0058 6,543 17,320 4,703 2,882 4., 938 5,586 15,711 CAPITAL ACCOUNTS Capital paid in 928 ! s 239 42 81 52 72 141 31 26 39 52 118 Surplus 897 235 42 78 50 69 138 30 22 37 49 112 Other capital accounts 305 12 70 15 24 23 17 49 9 10 13 15 48 TOTAL LIABILITIES AND 119,588 5,414 30,086 5,922 9,203 10,183 6,701 17,648 4,773 2,940 5 ,027 5,702 15,989 CAPITAL ACCOUNTS FEDERAL RESERVE AGENTS1 ACCOUNTS F.R. notes outstanding 81,066 3,993 19,983 4,, 722 6,959 7,321 4,489 12,, 642 3,474 I,, 633 2,, 899 3,, 114 9,837 Collateral for F.R. notes: Gold certificate account 11,596 530 3,329 668 888 980 611 1 ,768 449 206 418 422 11,,332277 Special Drawing Rights certif. acct. 302 24 124 — — 28 20 10 18 19 5599 Acceptances U.S. Government securities 70,750 3,500 16,650 4., 150 6,110 6,450 4,000 11 ,400 3,070 1 ,510 2,, 500 2 ,710 8,700 Total collateral 82,648 4,054 20,103 4:, 818 6,998 7,430 4,639 13 ,168 3,539 1 ,726 2 ,936 3 ,151 10,086 1/ After deducting $168 million participations of other Federal Reserve Banks. ^ 2/ Includes $9 million of certain deposits of foreign-owned banking institutions held with member banks an - redeposlted 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