H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE A SH3TY Jl..~i. < Factors Affecting Bank Reserves and •fsciss?- Condition Statement of F.R. Banks r:sf.R'VF.-sj$ H.4.1 For immediate release January 8, 1976 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Jan, 7, Dec. 31, Jan. 8, Jan. 7, 1975 1975 1976 Reserve Bank credit: 11// (In millions of dollars) 22//33// U.S. Government securities-- Bought outright—System account 86,390 - 516 + 5,491 84,738 Held under repurchase agreements 1,553 + 184 + 1,072 885 Federal Agency obligations-- Bought outright 6,072 • mm + 1,384 6,072 Held under repurchase agreements 136 + 15 - 113 177 Acceptances-^- Bought outright 741 mmmi + 153 742 Held under repurchase agreements 305 + 60 + 193 212 Loans-- Total member bank borrowing 71 186 240 41 Includes seasonal borrowing of: 10 - 2 • 9 7 Other borrowing —«• •»— —— Float 3,500 -1 ,183 + 61 3,710 Other F.R. assets 3.501 + 35 + 210 3.443 Total Reserve Bank credit 102,269 -1 ,591 + 8,211 100,020 Gold Stock 11,599 • «• - 53 11,599 Special Drawing Rights certif. acct. 500 — * + 100 500 Treasury currency outstanding 10.119 + 16 + 903 10.138 124,487 -1 ,575 + 9,161 122,257 Currency in circulation * 96,065 512 + 7,143 85,775 Treasury cash holdings * 425 mm + 233 425 treasury deposits with F.R. Banks 5,939 - 838 + 4,089 2,246 Foreign deposits with F.R. Banks 278 - 15 . - 46 244 Other deposits with F.R. Banks 4/ 1,185 + 294 + 199 909 Other F.R. liabilities and capital" 3.059 - 418 - 12 3.068 96,950 -1 ,491 +11.605 92,667 Member bank reserves: . With Federal Reserve Banks 27,537 85 - 2,444 29,590 Currency and coin 7.910 - 120 + 579 7.910 Total reserves held 5/ 35,557 - 101 - 1,755 37,610 Required reserves "" 35,232 + 44 - 1,943 35,232 Excess reserves 5/ 325 - 145 + 188 2,378 NOTE: A net of $208 million of surplus reserves were eligible to be carried forward from the week ended December 31, 1975, into the week ending January 7, 1976, On January 7, 1976, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $42,096 million an increase of $225 million for the week. 1/ Net of $729 million, daily average*matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $2,076 million of securities sold, and scheduled to be bought,back, under matched sale-purchase transactions. 3/ Includes $172 million securities loaned-ffully secured by U.S. Government securities pledged with Federal Reserve Banks. 4/ Includes $13 million of certain deposits of foreign-owned banking institutions held ""1 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 $110 million waivers of penalties for reserve deficiencies in Digitized for FRASER accordance* with Regulation D change effective Novembga:fWy 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 January 7, December January g, A S S E TS 1976 31, 1975 . 1975 Gold certificate account 11,599 mm — - 53 Special Drawing Rights certif. accts * 500 — — + 100 Cash (1,957) 375 + 28 + 127 Loans 41 - 188 - 85 Acceptances--Bought outright 742 + 1 + 154 Held under repurchase agreements 212 - 173 + 206 Federal Agency obligations—Bought outright 6,072 — + 1,384 Held under repurchase agreements 177 + 59 + 177 U.S. Government securities: Bought outright--Bills 35,228 -1,979 + 498 Certificates Notes 43,989 mm mm + 3,965 Bonds 5,521 — w + 2,237 Total bought outright 1/2/ 84,738 -1,979 + 6,700 Held under repurchase agreements 885 - 332 + 885 Total U.S. Government securities 85,623 -2,311 + 7,585 Total loans and securities 92,867 -2,612 + 9,421 Cash items in process of collection (1,641) 9,570 + 360 + 918 Bank premises 321 + 2 + 57 Operating Equipment 13 — • + 13 Other assets 3/ 3,109 + 129 - 87 TOTAL ASSETS (3,598) 118,354 -2,093 +10,496 L I A B I L I T I ES Federal Reserve notes (1,957) 76,437 - 722 + 6., 479 Deposits: Member bank-reserves account 29,590 +3 ,493 + 2., 120 U.S. Treasury-general account 2,246 -5 ,039 + 1,, 505 Foreign 244 - 109 - 137 Other 4/ 909 - 181 + 143 Total deposits 32,989 -1 ,836 + 3,, 631 Deferred availability cash items (1,641) 5,860 + 365 + 376 Other liabilities and accrued dividends 1,098 - 12 - 40 TOTAL LIABILITIES (3,598) 116,384 -2 ,205 +10 ,446 C A P I T AL A C C O U N TS Capital paid in 929 + 32 Surplus 928 - 1 + 31 Other capital accounts 113 + 113 - 13 Contingent liability on acceptances purchased, for foreign correspondents 757 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Excludes $2,076 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $172 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. 4/ Includes $13 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. JANUARY 7, 1976 maturing within 15 days in accordance *y 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 34 282 5,624 - 581 215 + 81 16 days to 90 days 7 425 18,271 - 974 184 -- 91 days to 1 year - - 247 20,947 - 756 851 - 22 Over 1 year to 5 years — — 30,273 -- 3,149 — Over 5 years to 10 years -- — 6,426 -- 1,254 -- Over 10 years — -- 4,082 -- 596 — Total 41 954 ' 85,623 -2,311 6,249 + 59 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 JANUARY 7, 1976 New Phila- Cleve- Rich- St. Minne- Kansas San Total Boston York delphia land mond Atlanta Chicago Louis apolis Citv 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 1,957 111 350 123 140 197 264 125 60 50 63 125 349 Other cash 375 20 22 8 44 41 42 28 26 14 40 17 73 Loans 41 6 7 * 1 20 1 2 * 4 —— — — Acceptancest Bought outright 742 -- 742 —— - - -- -- -- -- — — — — Held under repurchase agreements 212 —— 212 — -- — —— —— —— —•— — -- — Federal Agency obligations- Bought outright 6,072 282 1,457 357 480 491 317 915 231 133 248 310 851 Held under repurchase agreements^ 177 -- 177 —- —- - - -- — -- -- — -- -- U.S. Government securities: Bought outright-- Bills 35,228 1,637 8,454 2,069 2,784 2,847 1*839 5,306 1,342 769 1,440 1,801 4*940 Certificates — —— mm • «• • —— —— —— —— - - —— — 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/ 84,738 3,939 20,335 4,976 6,695 6,848 4,424 12,764 3,228 1,851 3,464 4,332 11,882 Held under repurchase agreements 885 —— 885 • — • • — — * * • —— —— —— —— Total U.S. Government securities 85,623 3,939 21,220 4,976 6,695 6,848 4,424 12,764 3,228 1,851 3,464 4,332 11,882 Total loans and securities 92,867 4,221 23,814 5,340 7,175 7,340 4,761 13,680 3,461 1,984 3,716 4,642 12,733 Cash items in process of collection 11,211 445 1,719 280 563 1,638 1,114 1,339 557 625 1,013 782 1,136 Bank premises 321 90 20 51 25 23 14 16 13 32 17 12 8 Operating Equipment 13 —— 2 3 1 -- —— -- 2 1 - - 2 2 Other assets 3/ 3,109 66 1,845 84 110 119 92 203 55 36 56 71 372 Interdistrict settlement account -0- - 189 +1,110 - 451 + 609 - 532 - 217 + 275 + 85 + 25 - 461 - 434 + 180 TOTAL 121.952 5,318 32.336 6.137 9.598 9.852 6.709 17.513 4.728 2,983 4,881 5,658 16,239 1/ Excludes $2,076 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $172 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 JANUARY 7, 1976 New Phila- Cleve- Rich- j St. Minne- I Kansas San Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas Francisco L I A B I L I T I ES Federal Reserve notes 78,394 3,905 19,668 4,602 6,735 7,133 3,986 12,419 3,319 1,582 2,755 2,992 9,298 Deposits: Member bank reserves 29,590 809 9,648 907 2,013 1,100 1,720 3,554 810 738 1,059 1,747 5,485 U.S. Treasury—general account 2,246 109 236 268 143 190 153 242 109 107 143 181 365 Foreign 244 9 1/ 84 10 19 12 17 33 7 5 9 12 27 Other 2/ 909 790 1 1 7 35 20 -- 3 2 32 18 Total deposits 32,989 927 10,758 1,186 2,176 1,309 1,925 3,849 926 853 1,213 1,972 5,895 Deferred availability cash items 7,501 361 1,126 195 437 1,217 565 794 378 469 790 534 635 Other liabilities and accured dividends 1.098 50 277 64 80 80 84 150 38 25 41 50 159 TOTAL LIABILITIES 119,982 5,243 31,829 6,047 9,428 9,739 6,560 17,212 4,661 2,929 4,799 5,548 15,987 CAPITAL ACCOUNTS 1 Capital paid in 929 1 35 239 42 81 52 72 142 31 26 39 52 118 Surplus 928 ! 35 239 42 81 52 72 142 31 26 38 52 118 Other capital accounts 113 j 5 29 6 8 9 5 17 5 2 5 6 16 TOTAL LIABILITIES AND 121,952 ! 5,318 32,336 6,137 9,598 9,852 6,709 17,513 4,728 2,983 4,881 5,658 16,239 CAPITAL ACCOUNTS FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 81,871 4, 061 20,259 4,747 7,024 7,401 4,497 12,745 3,477 1,650 2,906 3,151 9,951 Collateral for F.R. notes: Gold certificate account 11,596 530 3,329 668 888 981 611 1,768 449 205 418 422 1,327 Special Drawing Rights certif. acct. 302 24 124 —— -- -- 28 — 20 10 18 19 59. Acceptances U.S. Government securities 71,710 3,, 575 17,050 4,150 6,210 6.505 4.000 11.400 3,070 1.510 . 2_i600_ 2.740 8.900 Total collateral 83,608 4;, 129 20,503 4,818 7,098 7,486 4,639 13,168 3,539 1,725 3,036 3,181 10,286 1/ After deducting $160 million participations of other Federal Reserve Banks. 2/ Includes $13 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