H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For Immediate release December 26, 1975 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Dec 24, Dec 17, 1 Dec 25, Dec 24, and related items 1975 * 1975 1 1974 1975 * Reserve Bank credit: 1/ (In millions of dollars) 2/3/ U.S. Government securities-- Bought outright--System account 86,508 +1 ,955 + 5,449 86,705 Held under repurchase agreements 1,446 +1 ,446 - 293 1,547 Federal Agency obligations-- Bought outright 6,072 — + 1,370 6,072 Held under repurchase agreements 108 + 108 634 135 Acceptances-- Bought outright 736 + 3 4- 219 745 Held under repurchase agreements 131 + 131 - 147 225 Loans-- Total member bank borrowing 220 + 175 - 442 1,264 Includes seasonal borrowing of: 12 - 2 - 17 12 Other borrowing -- — -- — Float 3,096 + 465 + 811 4,570 Other F.R. assets 3.353 - 204 + . 212 3.348 Total Reserve Bank credit 101,671 +4 ,080 + 6,547 104,611 Gold Stock 11,599 — - 53 11,599 Special Drawing Rights certif. acct. 500 -- + 100 500 Treasury currency outstanding 10.099 + 12 + 905 10.099 123,869 +4 ,092 • 7,498 126,809 Currency in circulation ** 86,138 + 404 + 6,770 86,606 Treasury cash holdings ** 425 + 25 + 245 425 Treasury deposits with F.R. Banks 5,533 4-3, 590 + 3,062 6,491 Foreign deposits with F.R. Banks 254 + 10 - 91 253 Other deposits with F.R. Banks 4/ 849 - 130 + 97 807. Other F.R. liabilities and capital 3.354 + 196 - 45 3.464 96,553 +4 ,094 +10,038 9988,,004466 Member bank reserves: With Federal Reserve Banks 27,315 - 3 - 2,540 28,763 Currency and coin 7.488 - 336 +_ 498 7.488 Total reserves held 34,803 - 339 2,042 36,251 Required reserves 34,597 - 298 - 1,819 34,597 Excess reserves 206 - 41 - 223 1,654 NOTE: A net of $148 million of surplus reserves were eligible to be carried forward from the week ended December 17, into the week ending December 24. On December 24, 1975, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $41,889 million, an increase of $157 million for the week. 1/ Net of $237 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2J Excludes $316 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $146 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. * Estimated (New York, Philadelphia, Richmond and San Francisco Districts). ** 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 (In millions of dollars) Wednesday Change plnce December 24, December December A S S E J S 1975 ** 17. 1975 -21 1974 Gold certificate account 11,599 - 53 Special Drawing Rights certif. acct * 500 __ + 100 Cash (1,536) 363 1 + 114 Loans 1,264 +1,199 + 838 Acceptances—Bought outright 745 + 19 + 205 Held under repurchase agreements 225 + 225 - 98 Federal Agency obligations--Bought i iigghhtt 6,072 +1,370 Held under repurchase agreements 135 + 135 - 899 U.S. Government securities: Bought outright—Bills 37,195 +2,595 - 780 Certificates Notes 43,989 + 224 +3,964 Bonds 5,521 + 73 +2.238 Total bought outright 1/2/ 86,705 +2,892 +5,422 Held under repurchase agreements. _1,547 +1,347 kM Total U.S. Government securities 88.252 +4.439 Total loans and securities 96,693 +4,017 +6,146 Cash items in process of collection (1,929) 10,390 + 916 +1,9)7 Bank premises 319 + 1 + 58 Operating Equipment 12 + 12 Other assets 3/ 3.017 - 284 + 124 TOTAL ASSETS ((33,,446655)) 122.893 46.649 46,438 l i a b i l i t i es Federal Reserve notes (1,536) 77,295 + 547 +6 *29 Deposits: Member bank-reserves account 28,763 +3,606 *1, f 2,77 U.S. Treasury--genera1 account 6,491 +2,484 +3,820 Foreign 253 + 27 ^ 197 Other 4/ 807 + 32 Total deposits " 90 36,314 +6,027 +2,378 Deferred availability cash items (1,92*) 5,820 - 175 - 170 Other liabilities and accrued dividends 1.231 + 147 - 45 TOTAL LIABILITIES (3,465) 120,660 +6,546 +6,392 Surplus 922 • 6 + 27 Other capital accounts 897 mmrn* + 53 414 + 109 - 34 Contingent liability on acceptances purchased, for foreign correspondents -1,120 * Figures in parentheses are the eliminations made in the consolidating process. ** V E x c l^ ^ S^ under.matched sale-purchase transactions. 2/ Includes $146 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. % Includes assets denominated in foreign curreacies. MATURITY DISTRIBUTION: OF LOAMS AMD SECURITIES • DECEMBER 26 1975 (Acceptances and securities held under repurchase agreements are classified a# —maturlnft 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 Within 15 days 1,263 298 6,695 c + h 3 a , n 6 g 0 e 5 s e + h 1 a 5 qg 1 f la 16 days to 90 days 1 407 19,453 + 9 - 16 91 days to 1 year 265 21,295 558 Over 1 year to 5 years 30,301 118 3,149 Over 5 years to 10 years 6,426 78 Over 10 years ,4,082 71 m Digitized for FRASER Total 1,264 970 88,252 +4,439 6,207 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON DECEMBER 24, 1975 * New 1* Phila- Cleve- * Rich- St. Minne- Kansas S an * Total Boston York 1 delphia land mond Atlanta Chicago Louis apolis Citv Dallas Francisco (In millions of dollars) A S S E TS G S o p l e d c i c a e l r t D i r f a i w c i a n t g e R a i c g c h o t u s n t c ertif. acct. 11, 5 59 0 9 0 53 2 0 4 3,3 1 3 2 0 4 66 3 8 1 88 4 8 3 9 4 8 5 1 61 2 1 8 1,76 7 8 9 44 2 9 0 20 1 6 0 41 1 9 8 42 1 2 9 1,3 5 2 9 7 F O . t R h . e r n o c t a e s s h of other banks 1,5 3 3 6 6 3 2 7 1 6 28 2 6 7 77 9 1 4 0 6 3 1 4 3 3 4 22 4 9 5 3 7 1 1 5 2 6 6 4 1 0 5 5 4 8 0 10 1 1 7 3 4 0 3 5 Loans 1,264 1 985 9 17 3 23 46 15 9 156 Acceptances: Bought outright 745 745 Held under repurchase agreements 225 225 Fed B e o r u a g l h t A o g u e t n r c i y g h o t b ligations-- 6,072 282 1,457 357 480 491 317 915 231 133 248 310 851 Held under repurchase agreements 135 135 U.S. Government securities: Bou B g i h l t l s o utright— 37,195 1,729 8,927 2,184 2,939 3,006 1,942 5,602 1,417 812 1,520 1,901 5,216 CCC BBB NNN eee ooo ooo rrr nnn ttt ttt ddd eee sss sss iii fffiiicccaaattteeesss 43 5 , , 9 5 8 2 9 1 2,0 2 4 5 5 7 10 1 , , 5 3 5 2 6 5 2,5 3 8 2 3 4 3,4 4 7 3 5 6 3,5 4 5 4 5 6 2,2 2 9 8 7 8 6,6 8 2 3 6 2 1,6 2 7 1 6 0 9 1 6 2 1 1 1,7 2 9 2 8 6 2,2 2 4 8 9 2 6,1 7 6 7 8 4 TTToootttaaalll bbbooouuuggghhhttt ooouuutttrrriiiggghhhttt 111///222777 86,705 4,031 20,808 5,091 6,850 7,007 4,527 13,060 3,303 1,894 3,544 4,432 12,158 T TTTooo o HHH ttt t eee aaa a lll lll l ddd UUU l uuu ... o nnn a SSS ddd n ... s eee GGG rrr a ooo n vvv rrr d eee eee rrr ppp nnn uuu s mmm e rrr eee c ccc nnn u hhh ttt r aaa i sss sss t eee eee i ccc e aaa uuu s ggg rrr rrr iii eee ttt eee iii mmm eee eee sss nnn tttsss 8 9 8 6 1 , , , 2 5 6 4 5 9 7 2 3 4 4, , 0 3 3 1 1 4 2 2 2 1 5 , , , 3 5 9 4 5 0 7 5 2 5 5 , , 0 4 9 5 1 7 6 7 , , 8 3 5 3 0 0 7 7 , , 0 4 0 9 7 8 4 4, , 8 5 6 2 1 7 1 1 3 3 , , 0 97 6 8 0 3 3 , ,5 3 5 0 7 3 2 1 , , 0 8 7 9 3 4 3 3 , , 5 80 4 7 4 4 4 , ,7 4 5 3 1 2 1 13 2 , , 1 1 6 5 5 8 BB CC OO OO II aa aa pp tt nn nn ss ee hh tt kk hh ee rr ee rr aa rr pp ii tt dd rr tt aa ii ii ee ee ss nn ss mm mm ss gg tt ss ii ee rr ss tt EE ii ee ss qq ii cc ss nn uu tt ii 33 pp pp ss // rr mm ee oo ee tt cc tt nn ee tt ll ss ee ss mmee nn oo tt ff cc aa oo cc ll cc ll oo ee uu cc nn tt tt iioonn 1 3 2 , , 0 3 3 - 1 1 1 1 0 7 9 9 2 - + 4 5 6 0 8 6 4 8 9 1 - 2 1 3 , , , 1 8 3 3 9 2 9 5 8 0 2 2 - 2 5 8 5 1 7 6 0 3 5 + 5 5 1 9 5 2 0 1 2 5 6 + 1 1 , 9 7 1 5 1 2 2 9 2 0 + 1 , 2 1 0 7 1 9 2 4 4 2 + 1 6 , 6 6 1 1 7 1 9 7 6 4 + 6 3 9 9 5 1 4 3 0 3 2 + 2 7 3 3 3 3 2 0 3 1 1 + 1 9 8 5 1 8 4 7 + 1 7 2 5 6 1 2 6 2 2 + 1 3 , 9 4 2 1 0 7 5 8 0 2 TTOOTTAALL 126.358 6.087 30.332 6.605 9.684 10.757 7.256 18,475 5.260 . 3,371 5.402 6.154 16.975 * Estimated (New York, Philadelphia, Richmond, and San Francisco Districts). 1/ Excludes $316 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $146 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 24, 1975 Boston Y N - o e k r w - k k de P l h p i h l i a a - Cl l e an v d e - R * m i * o c n h d - Atlanta Chicago Lo S u t i . s M a i p n ol n i e s - Ka Ci n t s y a s Dallas Fr S a a n n c isco ** L I A B I L I T I ES (In millions of dollars) D F e e p d o e s r i al t s R : e serve notes 78,831 3,899 19,672 4,650 6,776 7,197 4,076 12,542 3,330 1,584 2,790 3,004 9,311 Member bank reserves 28,763 1,151 7,516 1,660 1,281 F O U o t . r h S e e . r i T g 2 r n / e asury--general account 6,491 51 _ 5 9 1 2 1 6 4 / 9 1 0 86 5 2 0 2 0 2 7 6 1 2 6 4 1, 4 0 9 3 3 0 8 3 7 5 4 3 9 7 1 0 1 5 1 , 1 1 97 D O e th f e e r r T r o l e t i d a a l b a i v d l a e i i p t l o i a s e b i s i t l s i a n t d y c a a c s c h ur e i d t ems 36 7 , , 3 74 1 9 4 1,676 8 1, , 2 5 4 3 5 3 1,612 2,184 1 1 , , 3 9 7 6 0 4 2,453 4,510 1,531 1,093 2 2 1,720 2,424 6,614 dividends 1.231 TOTAL LIABILITIES 124,125 6,000 29,763 6,500 9,492 10,626 7,092 18,129 5,186 3,311 5,309 6,032 16,685 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 126,358 6,087 30,332 6,605 9,684 10,757 7,256 18,475 5,260 3,371 5,402 6,154 16,975 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding Collateral for F.R. notes: 81,677 4,034 20,183 4,740 6,998 7,398 4,498 12,741 3,493 1,635 2,925 3,142 9,890 A G S c o p c l e e d c p i t c a a e l r n t D c i r e f s a i w c i a n t g e R a i c g c h o t u s n t c ertif. acct. 11, 3 5 0 9 2 6 5 2 3 4 0 3,3 1 2 2 9 4 668 888 981 61 2 1 8 1,768 44 2 9 0 20 1 5 0 41 1 8 8 42 1 2 9 1,32 5 7 9 T U o . t S a . l G c o o v l e l r a n t m e e r nt a l s ecurities 8 7 3 1 , . 0 1 1 2 8 0 4 3 , , 0 5 5 0 4 0 2 1 0 6 , . 3 8 0 5 3 0 4 4 , . 8 1 1 5 8 0 7,098 6,210 6 7 . , 5 48 0 6 5 4,000 11.400 3.070 1.510 2,500 2.725 8.700 4,639 13,168 3,539 1,725 2,936 3,166 ** Estlmated ^ew York, Philadelphia, Richmond and San Francisco Districts). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis