H.4.1 Factors Affecting Reserve Balances of Depository Institutions

AS% FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release January 15, 1976 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Jan. 14, Jan. 7, 1 Jan. 15, Jan. 14, and related items 1976 1976 1 1975 1976 Reserve Bank credit: 1/ (In millions of dollars) 22// U.S. Government securities-- Bought outright—System account 84,868 -1,522 +4,175 85,435 Held under repurchase agreements -- -1,553 - 101 - - Federal Agency obligations-- Bought outright 6,072 — +1,384 6,072 Held under repurchase agreements -- - 136 38 -- Acceptances-- Bought outright 742 + 1 + 136 735 Held under repurchase agreements -- - 305 27 -- Loans-- Total member bank borrowing 44 - 27 - 565 47 Includes seasonal borrowing of: 9 1 4 11 Other borrowing -- - - -- -- Float 2,849 - 625 + 248 3,402 Other F.R. assets 3.414 - 87 + 105 3.362 Total Reserve Bank credit 97,989 -4,254 +5,317 99,053 Gold Stock 11,599 -- 53 11,599 Special Drawing Rights certif. acct. 500 -- + 100 500 Treasury currency outstanding 10.139 + 20 + 904 10.142 120,227 -4,234 +6,267 121,294 Currency in circulation * 85,211 - 854 +7,020 85,028 Treasury cash holdings * 425 -- + 199 425 Treasury deposits with F.R. Banks 3,414 -2,525 +2,062 4,217 Foreign deposits with F.R. Banks 338 + 60 - 108 235 Other deposits with F.R. Banks 3/ 903 - 282 + 2 969 Other F.R. liabilities and capital 3.167 + 108 27 3.166 93,459 -3,491 +9,149 94,040 Member bank reserves: With Federal Reserve Banks 26,768 - 743 -2,884 27,254 Currency and coin 8.910 +1.000 + 355 8.910 Total reserves held 4/ 35,808 4- 277 -2,399 36,294 Required reserves 35,627 + 395 -2,622 35,627 Excess reserves 4/ 181 * - 118 + 223 667 NOTE: A net of $127 million of surplus reserves were eligible to be carried forward from the week ended January 7, into the week ending January 14. On January 14, 1976, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $42,852 million, an increase of $756 million for the week. 1/ Net of $535 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Includes $153 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ 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 non-member institutions in the Federal Reserve System's program of credit restraint. 4/ Adjusted to include $130 million waivers of penalties for reserve deficiencies in accordance with Regulation D change effective November 19, 1975. * Estimated (Treasury1s 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 January 14, January 7, January 15, 1 A S S E TS 1976 1976 1975 | Gold certificate account 11,599 -- - 53 Special Drawing Rights certif. acct, * 500 -- + 100 Cash (2,172) 386 + 11 + 114 Loans 47 + 6 -2,846 Acceptances--Bought outright 735 - 7 + 120 Held under repurchase agreements —— - 212 - 55 Federal Agency obligations--Bought outright 6,072 — +1,384 Held under repurchase agreements -- - 177 60 U.S. Government securities; Bought outright--Bills 35,925 + 697 - 721 Certificates Notes 43,989 +3,586 Bonds 5,521 —— +2,210 Total bought outright 1/ 85,435 + 697 +5,075 Held under repurchase agreements mm • - 885 - 68 Total U.S. Government securities 85,435 - 188 +5,007 Total loans and securities 92,289 - 578 +3,550 Cash items in process of collection (1,828) 9,127 f 443 + 685 Bank premises 322 + 1 + 57 Operating Equipment 13 —— + 13 Other assets 2/ 3,027 - 82 - 201 TOTAL ASSETS (4,000) 117,263 -1 ,091 +4,265 L I A B I L I T I ES Federal Reserve notes (2,172) 75,697 740 +6,477 Deposits: Member bank-reserves account 27,254 -2 ,336 -4,668 U.S. Treasury--general account 4,217 +1 ,971 • +2,851 Foreign 235 . - 9 - 715 Other 3/ 969 + 60 + 238 Total deposits 32,675 - 314 -2,294 Deferred availability cash items (1,828) 5,725 - 135 + 148 Other liabilities and accrued dividends 1,075 - 23 - 126 TOTAL LIABILITIES (4,000) 115,172 -1 ,212 +4,205 C A P I T AL A C C O U N TS Capital paid in 932 + 3 + 34 Surplus 928 - - + 31 Other capital accounts 231 + 118 5 Contingent liability on acceptances purchased, for foreign correspondents - 597 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Includes $153 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 2/ Includes assets denominated in foreign currencies. 3/ 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 14. 1976 (Acceptances and securities held under repurchase agreements are classified as maturing 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 38 58 3,971 -1,653 39 -176 16 days to 90 days 9 451 19,390 +1,119 183 - 1 91 days to 1 year 226 21,293 + 346 851 -*• Over 1 year to 5 years ** •» «• — 30,273 - - 3,149 -- Over 5 years to 10 years mm » — 6,426 —— 1,254 - - Digitized for FRASER Over 10 years mm mm — — 4,082 -- 596 -http://fraser.stlouisfed.org/ Total 47 735 85,435 - 188 6,072 -177 Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JANUARY 14, 1976 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 2,172 108 370 145 148 219 299 140 67 48 42 155 431 Other cash 386 22 26 8 46 43 44 30 27 15 67 18 40 Loans 47 6 7 10 — -- 18 2 2 2 -- — Acceptances: Bought outright 735 — 735 — -- Held under repurchase agreements -- — — -- -- -- Federal Agency obligations-- Bought outright 6,072 282 1,457 357 480 491 317 915 231 113333 224488 331100 885511 Held under repurchase agreements — — — ' — — — -- U.S. Government securities: Bought outright-- . Bills 35,925 1,670 8,621 2,110 2,839 2,903 1,876 5,411 1,369 778844 11,,446688 11,,883377 55,,003377 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/ 85,435 3,972 20,502 5,017 6,750 6,904 4,461 12,869 3,255 1,866 3,492 4,368 11,979 Held under repurchase agreements Total U.S. Government securities 85,435 3,972 20,502 5,017 6,750 6,904 4,461 12,869 3,255 1,866 3,492 4,368 11,979 Total loans and securities 92,289 4,260 22,701 5,384 7,230 7,395 4,796 13,786 3,488 1,999 3,742 4,678 12,830 Cash items in process of collection 10,955 407 1,465 324 601 1,571 949 1,588 536 450 966 762 1,336 Bank premises 322 90 20 51 26 23 14 16 13 32 17 12 8 Operating Equipment 13 — 2 3 1 — -- — 2 1 -- 2 2 Other assets 2/ 3,027 . 71 • 1,789 90 116 123 100 221 62 50 60 84 261 Interdistrict settlement account -0- - 132 +2,144 - 607 - 62 - 292 - 357 + 115 + 292 + 124 - 382 - 490 - 353 TOTAL 1 121.263 5,380 31,971 6.097 9,037 10,108 6,484 17,743 4,956 2,935 4.949 5.662 15.941 1/ includes $153 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 2/ 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 14, 1976 New Phila- • Cleve- Rich- 1 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 77,869 3,876 19,558 4,577 6,708 7,108 3,934 12,321 3,301 1,576 2,736 2,961 9,213 Deposits: Member bank reserves 27,254 852 8,521 796 1,308 1,249 1,587 3,630 921 729 1,074 1,573 5,014 U.S. Treasury—general account 4,217 190 1,138 315 283 230 202 425 250 143 191 339 511 Foreign 235 8 X! 75 10 19 12 17 33 7 6 9 12 27 Other 2/ 969 — — 823 1 1 16 35 6 1 1 2 65 18 Total deposits 32,675 1,050 10,557 1,122 1,611 1,507 1,841 4,094 1,179 879 1,276 1,989 5,570 Deferred availability cash items 7,553 323 1,057 235 459 1,288 496 858 367 398 808 545 719 Other liabilities and accured 1,075 51 262 65 79 83 58 152 38 25 42 51 169 • dividends TOTAL LIABILITIES 119,172 5,300 31,434 5,999 8,857 9,986 6,329 17,425 4,885 2,878 4,862 5,546 15,671 CAPITAL ACCOUNTS . 1 i Capital paid in 932 1i 35 240 43 81 52 72 142 31 26 40 52 118 Surplus 928 ! [ 35 239 42 81 52 72 142 31 26 38 52 118 Other capital accounts 231 10 58 13 18 18 11 34 9 5 9 12 34 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 121.263 5.380 31.971 6.097 9.037 10.108 6.484 17.743 4.956 2.935 4.949 5.662 15.941 FEDERAL RESERVE k .GENTS' ACCOUNTS F.R. notes outstanding 81,778 4,049 20,276 4,731 6,999 7,400 4,537 12,699 3,482 1,642 2,899 3,136 9,928 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 6.5C5 4.000 11.400 3.070 1.510 2.600 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 If After deducting $160 million participations of other Federal Reserve Banks. 2/ Includes $13 million of certain deposits of foreign-owned banking institutions held 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