H.4.1 Factors Affecting Reserve Balances of Depository Institutions

V<>2L£2!2*; FEDERAL RESERVE Factors Affecting Bank Reserves and f^AL Rt^ • Condition Statement of F.R. Banks For immediate release H.4.1 January 2, 1976 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Dec. 31, Dec. 24, Jan. 1, Dec. 31, Reserve Bank credit, 1975 * 1975 1975 1975 * and related items 1/ (In millions of dollars) 2/3/ Reserve Bank credit: U.S. Government securities— Bought outright—System account 86*906 + 398 + 5,862 86,717 Held under repurchase agreements 1,369 - 77 + 26 1,217 Federal Agency obligations-- Bought outright 6,072 + 1,370 6,072 Held under repurchase agreements 121 + 13 693 118 Acceptances— Bought outright 741 + 5 + 174 741 Held under repurchase agreements 245 + 114 220 385 Loans-- Total member bank borrowing 257 + 37 304 229 Includes seasonal borrowing of: 12 -- 10 11 Other borrowing —— —— -- - Float 4,667 +1 ,500 + 1,406 3,660 Other F.R. assets 3.471 + 115 + 266 3.351 Total Reserve Bank credit 103,850 +2 ,106 + 7,888 102,490 Gold Stock 11,599 —— 53 l1,599 Special Drawing Rights certif. acc t. 500 -— + 100 500 Treasury currency outstanding 10.103 + 4 + 882 10.112 126,052 4-2, 110 + 8,817 124,701 Currency in circulation 86,583 + 443 + 6,928 86,539 Treasury cash holdings ** 425 —— + 236 425 Treasury deposits with F.R. Banks 6,777 +1 ,244 + 4,171 7,285 Foreign deposits with F.R. Banks 293 + 39 40 353 Other deposits with F.R. Ranks 4/ 885 + 19 11 1,05% Other F.R. liabilities and capital 3,478 + 123 + 139 2.969 98,441 +1 ,868 +11,423 98,622 Member bank reserves: With Federal Reserve T>anks 27,611 + 242 - 2,607 26,079 Currency and coin 8.030 + 542 + 660 8,030 Total reserves held ' 35,647 -JL 790 - 1,941 34,115 Required reserves 35,188 + 591 - 1,823 35,188 Excess reserves 5/' 459 + 199 118 - !,073 NOTE: A net of $119 million o:C surplus reserves were eligiM^ to be carried forward from the week ended December 24, into the week ending December 31• On December 31, 1975, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and internationl accounts were $41,871 million, a decrease of $13 million for the week. 1/ Net of $172 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $501 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $129 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. 5/ Adjusted to include $6 million waivers of penalties for reserve deficiences in accordance with Regulation D change effective November 19, 1975. Digitized for FRASER * Estimated (Philadelphia District). http://fraser.stlouisfed.org/ ** Estimated (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 31, December January A S S E TS 1975 ** 24. 1975 1. 1975 Gold certificate account 11,599 53 Special Drawing Rights certif. acct * 500 + 100 Cash (1,669) 350 13 + 110 Loans 229 -1,035 70 Acceptances--Bought outright 741 4 + 162 Held under repurchase agreements 385 + 160 - 35 Federal Agency obligations--Bought outright 6,072 +1,370 Held under repurchase agreements 118 17 - 393 U.S. Government securities: Bought outright--Bills 37,207 + 12 + 442 Certificates Notes 43,989 +3 ,980 Bonds 5,521 «• • +2 ,237 Total bought outright 1/2/ 86,717 + 12 +6 ,659 Held under repurchase agreements 1,217 - 330 + 774 Total U.S. Government securities 87,934 - 318 +7 ,433 Total loans and securities 95,479 -1 ,214 +8 ,467 Cash items in process of collection (1,960) 9,326 - 937 + 997 Bank premises 319 — «•* + 56 Operating Equipment 12 + 12 Other assets 3/ 3,020 - 15 + 88 TOTAL ASSETS (3,629) 120,605 -2 ,179 +9 ,777 L I A B I L I T I ES Federal Reserve notes (1,669) 77,202 104 +6,, 286 Deposits: Member bank-reserves account 26,079 -2;, 684 + 236 U.S. Treasury—general account 7,285 + 794 +4.• 172 Foreign 353 + 100 65 Other 4/ 1,051 + 126 - 224 Total deposits 34,768 -1,6 64 +4, 119 Deferred availability cash items (1,960) 5,666 + 91 662 Other liabilities and accrued dividends 1,097 - 131 - 44 TOTAL LIABILITIES (3,629) 118,733 -1, C A P I T AL k A C C O U N TS Capital paid in Surplus Other capital accounts Contingent liability on acceptances purchased, for foreign correspondents 00 o I ou +9, 699 936 + 7 + 39 936 + 39 + 39 -- - 417 mmwm 981 * Figures in parentheses are the eliminations made in the consolidating process. ** Estimated (Philadelphia District). i/ Excludes $501 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. ' 2/ Includes $129 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. % 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 31. 1975 (Acceptances and securities held under repurchase agreements are classified as 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 Ichanges changes W 1 i 6 t h d i a n y s 1 5 to d 9 a 0 y s d ays 228 1 4 4 0 7 9 0 1 6 9 , , 2 2 0 4 5 5 - -2 4 0 9 8 0 1 1 8 3 4 4 - 17 91 days to 1 year 247 21,703 +408 873 Over 1 year to 5 years 30,273 - 28 3,149 Over 5 years to 10 years 6,426 1,254 Over 10 years 4,082 2- 596 Total 229 1,126 87,934 -318 6,190 17 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON DECEMBER 31, 1975 New * Phila- Cleve- Rich- 1 St. Minne- Kansas 1 San Total Boston York delphia land mond Atlanta 1 Chicago 1 Louis apolis City 1 Dallas1 Francisco (In millions of dollars) A S S E TS Gold certificate account 11,599 530 3,330 668 888 981 611 1,7 68 449 206 419 422 1,3 27 Special Drawing Rights certif. acct. 500 24 124 31 43 45 28 79 20 10 18 19 59 F.R. notes of other banks 1,669 81 275 74 103 163 235 159 59 43 59 110 308 Other cash 350 20 23 9 46 42 43 29 26 15 40 16 41 Loans 229 — 78 9 7 37 46 1 42 8 — 1 Acceptances: Bought outright 741 — 741 — — — -- — -- Held under repurchase agreements 385 -- 385 — — -- — — Federal Agency obligations- Bought outright 6,072 282 1,457 357 480 491 317 915 231 133 224488 331100 885511 Held under repurchase agreements 118 — 118 -- — -- — -- — U.S. Government securities: Bought outright- Bills 37,207 1,7 29 8,929 2,185 2,940 3,007 1,943 5,, 605 1,, 418 812 1,520 1,902 5,22 1177 Certificates — — -- -- —— -- — — — — — -- — Notes 43,989 2,045 10,556 2,583 3,475 3,555 2,297 6,, 626 1,676 961 1,798 2,249 6,, 168 Bonds 5,521 257 1,325 324 436 446 288 832 210 121 226 282 774 Total bought outright 1/2/ 86,717 4,0 31 20,810 5,092 6,851 7,008 4,528 13 , 3 0 63 3., 304 1,894 3,544 4,433 12,, 159 Held under repurchase agreements 1,217 — — 1,217 — — — — — — — - — — — — — — -- Total U.S. Government securities 87,934 4,0 31 22,027 5,092 6,851 7,008 4,528 13.. 063 3., 304 1,894 3,544 4,433 12,1 59 Total loans and securities 95,479 4,3 13 24,806 5,458 7,331 7,506 4,882 14,, 024 3,, 536 2,069 3,800 4,743 13 ,j01 1 Cash items in process of collection 11,286 386 1,785 345 650 2,004 921 1 ,=46 1 474 499 912 835 1,, 014 Bank premises 319 89 20 51 25 22 14 16 13 32 17 12 8 Operating Equipment 12 — 2 3 — -- — 2 1 — 2 2 Other assets 3/ 3,020 66 1,844 84 141 112 100 204 49 32 54 67 267 Interdistrict settlement account -0- 4-184 -2,610 - 460 + 654 - 236 - 85 + 324 + 404 + 302 - 60 - 364 +1:, 947 TOTAL 124,234 5,593 79 r 599 6,7.63 9,881 10,639 6,749 18 ,064 5 ni9 3.209 5.259 5,862 17,, 984 * Estimated (Philadelphia District). 1/ Excludes $501 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $129 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 31, 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) L I A B I L I T I ES Federal Reserve notes 78,871 3,921 19,703 4,641 6,777 7,140 4,049 12,552 3,322 1,586 2,777 3,010 9,393 DDeeppoossiittss:: MMeemmbbeerr bbaannkk rreesseerrvveess 26,079 901 4,718 692 1,690 1,425 1,578 3,745 741 708 1,141 1,666 7,074 UU..SS.. TTrreeaassuurryy----ggeenneerraall aaccccoouunntt 7,285 358 2,292 544 597 407 361 493 522 367 450 389 475 FFoorreeiiggnn 353 10 If 159 12 23 15 20 40 9 6 11 15 33 OOtthheerr 22..// 1.051 12 764 1 1 29 38 59 9 6 11 61 60 TToottaall ddeeppoossiittss 34,768 1,311 7,933 1,249 2,311 1,876 1,997 4,337 1,281 1,087 1,613 2,131 7,642 DDeeffeerrrreedd aavvaaiillaabbiilliittyy ccaasshh iitteemmss 7,626 340 1,203 228 525 1,438 497 739 329 459 749 566 553 OOtthheerr lliiaabbiilliittiieess aanndd aaccccuurreedd ddiivviiddeennddss 1.097 ! 51 282 65 88 81 62 152 38 25 42 51 160 TTOOTTAALL LLIIAABBIILLIITTIIEESS 122,362 5,623 29,121 6,183 9,701 10,535 6,605 17,780 4,970 3,157 5,181 5,758 17,748 CAPITAL ACCOUNTS 1 Capital paid in 936 i 35 239 40 90 52 72 142 31 26 39 52 118 Surplus 936 i 35 239 40 90 52 72 142 31 26 39 52 118 OOtthheerr ccaappiittaall aaccccoouunnttss TTOOTTAALL LLIIAABBIILLIITTIIEESS AANNDD CCAAPPIITTAALL AACCCCOOUUNNTTSS 124,234 5,693 29,599 6,253 9,881 10,639 6,749 18,064 5,032 3,209 5,259 5,862 17,984 FEDERAL RESERVE AGENTS1 ACCOUNTS F.R. notes outstanding 81,874 4,071 20,252 4-735 6,982 7,399 4,bU8 12,765- 3,486 1,656 2,918 3,141 9,961 Collateral for F.R. notes: Gold certificate account 11,596 530 3,329 668 888 981 611 1,768 449 205 418 442222 11,,332277 Special Drawing Rights certif. acct. 302 24 124 — -- -- 28 20 10 18 19 59 Acceptances — -- — U.S. Government securities * 71.510 3.575 17.050 4.150 6.210 6.505 4.000 L1. .'>00 3.070 1.510 2.600 2.740 8.700 Total collateral 83,408 4,129 20,503 4,818 7,098 7,486 4,639 13,168 3,539 1,725 3,036 3,181 10,086 1/ After deducting $194 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. * Estimated (Philadelphia District). plC Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis